Birmingham Investment Group, LLC 17 North 20th Street Birmingham, AL 35203Convertible Stock Purchase Agreement • May 12th, 2000 • Birmingham Investment Group LLC • Fire, marine & casualty insurance
Pursuant to Section 7.2 of the Convertible Stock Purchase Agreement (the "Agreement") by and among Vesta Insurance Group, Inc. (the "Company") and Birmingham Investment Group, LLC (the "Investor"), the Investor hereby gives notice to the Company of its intention to purchase 3,750,000 shares (the "Shares") of the common stock, par value $.01 per share, of the Company. Upon purchase of the Shares, the Investor will have acquired securities representing in the aggregate approximately 39% of the votes represented by voting securities of the Company.
