STOCK PURCHASE AGREEMENT DATED AS OF OCTOBER 12, 2020 BY AND AMONG KINGSWAY WARRANTY HOLDINGS LLC (“BUYER”), PWI HOLDINGS, INC. (THE “COMPANY”), ADESA DEALER SERVICES, LLC (“SELLER”), AND KINGSWAY AMERICA INC. (“PARENT”)Stock Purchase Agreement • October 13th, 2020 • Kingsway Financial Services Inc • Fire, marine & casualty insurance • Delaware
This Stock Purchase Agreement (this “Agreement”) is dated as of October 12, 2020 and is made by and among Kingsway Warranty Holdings LLC, a Delaware limited liability company (“Buyer”), PWI Holdings, Inc., a Pennsylvania corporation (the “Company”), ADESA Dealer Services, LLC, an Indiana limited liability company (“Seller”), and, solely for purposes of Section 10.15 hereof, Kingsway America Inc., a Delaware corporation (“Parent”). An index of defined terms used in this Agreement is attached as Annex A hereto.
