STOCK PURCHASE AGREEMENT Between ERIE INDEMNITY COMPANY and ERIE INSURANCE EXCHANGE Relating to the Capital Stock of ERIE FAMILY LIFE INSURANCE COMPANYStock Purchase Agreement • November 4th, 2010 • Erie Indemnity Co • Insurance agents, brokers & service • Pennsylvania
This Stock Purchase Agreement is made and entered into as of the 4th of November, 2010 (the “Agreement”) between ERIE INSURANCE EXCHANGE, a reciprocal insurance exchange organized under the Insurance Company Law of the Commonwealth of Pennsylvania (the “Buyer”) and ERIE INDEMNITY COMPANY, a corporation organized under the laws of the Commonwealth of Pennsylvania (the “Stockholder”) which owns 21.6% of the issued and outstanding shares (the “Shares”) of capital stock of ERIE FAMILY LIFE INSURANCE COMPANY, a Pennsylvania stock life insurance company (the “Company”).
