Seller Agreement

Seller Agreement. Means (collectively): (i) that certain Stock Purchase Agreement made and entered into February 5, 2007 by and among Parent and Mark C. Concannon, individually, Lorie I. Concannon, individually, Timothy J. Hatfield, individually, Raeann M. Hatfield, individually, and Barbara J. Concannon and Patrick J. Concannon as sole Trustees of the Bernard P. Concannon Jr. Trust dated July 11, 1997 and the sole Trustees of the Barbara J. Concannon Trust dated July 11, 1997 (collectively "Sellers"), and the... Stock Pledge and Security Agreement dated March 30, 2007 by and among Parent and Sellers whereby Parent granted a security interest in all of the issued and outstanding stock of the Company to the Sellers, and the Security Agreement whereby Company pledged all or part of its assets to Sellers; and (ii) that certain Stock Pledge and Security Agreement dated March 30, 2007 by and among the Company and the Sellers whereby the Company granted a security interest in all of the issued and outstanding stock of Traders Insurance Connection, Inc. (TIC) to the Sellers, and the Security Agreement whereby TIC pledged all or part of its assets to Sellers; and (iii) that certain Stock Pledge and Security Agreement dated March 30, 2007 by and among TIC and the Sellers whereby TIC pledged all of the issued and outstanding stock of Traders Insurance Company (Traders) and Professional Claims, Inc. (PCI) to the Sellers, and the Security Agreement whereby PCI pledged all or part of its assets to Sellers. View More