OPTION AGREEMENTOption Agreement • April 24th, 2019 • Positive Physicians Holdings,inc. • Fire, marine & casualty insurance • Pennsylvania
This OPTION AGREEMENT (this “Agreement”) is entered into as of March 27, 2019, among Insurance Capital Group, LLC, a Delaware limited liability company (“ICG”), Diversus, Inc., a Delaware corporation (“Diversus”), Positive Physicians Holdings, Inc., a Pennsylvania corporation (“Positive”), and the additional parties who have executed this Agreement on the signature pages below (such parties, collectively and together with ICG, the “Positive Shareholders”).
MANAGEMENT AGREEMENTManagement Agreement • April 24th, 2019 • Positive Physicians Holdings,inc. • Fire, marine & casualty insurance • Pennsylvania
As of the Effective Date, the parties have not established specific service levels. If requested by Positive, the parties agree to work in good faith to document and establish service levels that are generally consistent with the service levels performed by the Management Company as of the Effective Date.
LOAN AGREEMENTLoan Agreement • April 24th, 2019 • Positive Physicians Holdings,inc. • Fire, marine & casualty insurance • New York
THIS LOAN AGREEMENT is dated as of March 29, 2019 (this agreement, together with all amendments and restatements hereto, this “Agreement”), between DIVERSUS, INC., a Delaware corporation (“Borrower”), and POSITIVE PHYSICIANS HOLDINGS, INC., a Pennsylvania corporation (“Lender”).
MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • April 24th, 2019 • Positive Physicians Holdings,inc. • Fire, marine & casualty insurance • Pennsylvania
MANAGEMENT SERVICES AGREEMENT (this “Agreement”) made as of March 27, 2019 (the “Effective Date”), between POSITIVE PHYSICIANS HOLDINGS, INC., a Pennsylvania corporation (“Holdings”), and DIVERSUS MANAGEMENT, INC., a Pennsylvania corporation (“Diversus”).
