CONTRIBUTION AND EXCHANGE AGREEMENT BY AND AMONG HAGERTY, INC. THE HAGERTY GROUP, LLC, BROAD ARROW HOLDINGS LLC, BROAD ARROW GROUP, INC., THE CONTRIBUTOR REPRESENTATIVE, AND EACH OF THE CONTRIBUTORS PARTY THERETOContribution and Exchange Agreement • August 10th, 2022 • Hagerty, Inc. • Insurance agents, brokers & service • Delaware
THIS CONTRIBUTION AND EXCHANGE AGREEMENT (this "Agreement"), is made as of August 9, 2022 (the "Agreement Date"), by and among Hagerty, Inc., a Delaware corporation ("Parent"), The Hagerty Group, LLC, a Delaware limited liability company ("Hagerty"), Broad Arrow Group, Inc., a Delaware corporation (the "Company"), Broad Arrow Holdings LLC, a Delaware limited liability company (the "Founders LLC"), and each Person identified in the column titled "Shareholder" in Schedule A attached hereto (together with Founders LLC, the "Contributors"), and Kenneth Ahn, solely as the representative of the Contributors as set forth in this Agreement (the "Contributor Representative"). Parent, Hagerty and Contributors are referred to collectively herein as the "Parties" and each individually as a "Party."
