Change of Control of AmTrust

Change of Control of AmTrust. (i) The consummation of a merger or consolidation of AFSI with or into any other person in which (a) holders of AFSI's voting securities immediately prior to such merger or consolidation will not, directly or indirectly, continue to hold more than 50% of the outstanding securities of AFSI and (b) the chief executive officer of AFSI immediately prior to such merger or consolidation will not continue to serve in such position, (ii) the acquisition by any person or any group of persons (other than... existing stockholders), acting together in any transaction or related series of transactions (and expressly excluding a public offering), of such quantity of AFSI's voting securities as causes such person, or group of persons, to own beneficially, directly or indirectly, as of the time immediately after such transaction or series of transactions, more than 50% of the combined voting power of the voting securities of AFSI, or (iii) a sale, lease, exchange or other transfer of all or substantially all of AFSI's assets. View More