Item 1.01 Entry into a Material Definitive Agreement.

The Amendment is filed as Exhibit 10.1 to this Current Report. The description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment filed herewith as Exhibit 10.1 to this Current Report.

On February 8, 2023, as contemplated by the previously disclosed Term Loan Commitment, among Atlas Financial Holdings, Inc. (the "Company"), certain of its subsidiaries, as borrowers (collectively, the "Borrowers"), and the lenders party thereto, the Company and the Borrowers entered into Amendment No. 7, dated as of February 8, 2023 (the "Amendment"), to Convertible Senior Secured Delayed-Draw Credit Agreement (as amended by Amendment No. 1, dated February 2, 2022, Amendment No. 2, dated March 25, 2022, Amendment No. 3, dated June 9, 2022, Amendment No. 4, dated September 6, 2022, and Amendment No. 5, dated October 31, 2022, and Amendment No. 6 dated December 29, 2022 the "Credit Agreement" and, as amended by the Amendment, the "Amended Credit Agreement"), with Sheridan Road Partners, LLC, as administrative agent (in such capacity, the Agent"), the lenders party to the Credit Agreement (the "Original Lenders" and "New Lenders") and the lenders party to the Amended Credit Agreement (the "Supplemental Lenders" and, together with the Original Lenders, the "Lenders").

Pursuant to the Amendment, the aggregate principal amount of the term loan facility available to the Borrowers under the Amended Credit Agreement (the "Term Loans") was increased from $8,075,000 to $8,250,000, with such additional amount to be loaned to the Borrowers by the Lenders as set forth in the Amendment. The $175,000 of additional Term Loans was funded on February 8, 2023 and is expected to be used for general corporate purposes.

The Amendment is filed as Exhibit 10.1 to this Current Report. The description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment filed herewith as Exhibit 10.1 to this Current Report.

Forward-Looking Statements

This Current Report on Form 8-K includes forward-looking statements and information within the meaning of the federal securities laws regarding the Company and its businesses. Such statements are based on the current expectations, estimates, projections, and assumptions made by management. The words "anticipate," "expect," "believe," "may," "should," "estimate," "project," "outlook," "forecast" or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this report may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the effects and duration of the COVID-19 outbreak, the insurance industry, economic factors, and the equity markets generally and the other risk factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and subsequent periodic reports. Many of these uncertainties and risks are difficult to predict and beyond management's control. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made, and the Company and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



   10.1       Amendment No. 7 to Convertible Senior Secured Delayed-Draw Credit Agreement,
            dated February 8, 2023, by and among Atlas Financial Holdings, Inc. and certain
            subsidiaries, Sheridan Road Partners, LLC, as agent, and the lenders named
            therein**
    104     Cover Page Interactive Data File (embedded within the Inline XBRL document)

** Certain portion of this exhibit (indicated by "[*****]") have been omitted pursuant to Item 601(b)(10) of Regulation S-K

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