Employment Agreement



 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this
“Agreement”) is dated as of March 14, 2013, by and between Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (the “Company”), and Ivan M. Spinner (“Executive”).

 Recitals 
 A. The parties are entering into this Agreement in connection with the acquisition by the Company of certain assets of TSG Agency, LLC (“TSG”), and Executive desires to be hired by the
Company, upon the terms and conditions set forth herein, to become effective as of the date of this Agreement; and 
 B. The
Company and Executive agree to protect the interests of the Company and Company’s customers and Confidential Information (as defined below) that may have been or that may be disclosed to Executive as set forth herein. 

Agreement 

NOW, THEREFORE, in consideration of the mutual promises made herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 
 Section 1.
Employment, Duties and Acceptance. 
 (a) The Company shall employ Executive during the Term (as defined below) as
National Sales Director. Executive shall have such authority and such responsibilities as are assigned or delegated to him from time to time by the Chief Sales Officer of the Company. 

(b) Executive hereby accepts such employment and agrees to render Executive’s services to the Company on a full-time basis and to
devote Executive’s full business time and attention to the business and affairs of the Company and any parent, subsidiary or other affiliate of the Company. Executive agrees that at all times during the term hereof, Executive will faithfully
perform the duties assigned by the Company to the best of Executive’s ability. Executive shall report directly to the Company’s Chief Sales Officer. 

  
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 (c) The duties to be performed by Executive hereunder shall be performed at Executive’s
office in Gulfport, MS. Executive, however, shall travel as his duties require and visit the Company’s principal offices in Tampa, Florida as requested by the Company. Executive shall be entitled to an annual vacation of 15 days in
accordance with the Company’s policies and practices; provided that Executive shall schedule the timing and duration of Executive’s vacations in a reasonable manner taking into account the needs of the business of the Company.

 (d) Executive acknowledges that from time to time the Company may promulgate workplace policies and rules. Executive agrees
to fully comply with all such policies and rules, and understands that failure to do so may result in a disciplinary action up to and including immediate discharge for Cause. 
 Section 2. Term. As used herein, the “Term” means the period commencing as of the date hereof (the “Effective Date”), and ending on March 14, 2014. The
Term shall be automatically extended for successive one-year periods unless Executive or the Company gives written notice of termination on or before the 30th day prior to the expiration of any Term of its desire not to renew the Term. Any such
renewal shall be upon the terms and conditions set forth herein unless otherwise agreed between the Company and Executive. In the event that the Company gives written notice that it does not intend to renew the Term, following the end of the Term,
the Company shall pay to Executive an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate then in effect) payable monthly in accordance with the Company’s existing payroll practices for the period commencing on
the Termination Date and ending 12 months after the Termination Date. As a condition to the Company’s obligations, if any, to make severance payments under this Section 2, Executive shall have executed, delivered and not revoked a
general release in the form attached hereto as Exhibit A. 
 Section 3. Compensation. Executive shall be
entitled to the following compensation: 
 (a) The Company agrees to pay to Executive a salary in cash (the
“Salary”), as compensation for the services to be performed by Executive, at the rate of $100,000 per calendar year, paid in accordance with the Company’s customary payroll procedures and subject to applicable withholding.
During the Term, the Board shall have the right to increase, but not decrease, the Salary. Executive’s salary as in effect from time to time shall constitute the “Salary” for purposes of this Agreement. 

  
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 (b) Effective as soon as practicable on or after the Effective Date, Health Insurance
Innovations, Inc. (“HII”) shall grant a Restricted Stock Award of 50,000 shares of HII common stock pursuant to the terms of the Health Insurance Innovations, Inc. Long Term Incentive Plan (the “LTI
Plan”). Subject to the terms of the LTI Plan and the applicable Restricted Stock Award Agreement, such Restricted Stock Award shall vest over 24 months in 25% increments every six months. In the event of the Executive’s
termination of employment at any time (either prior to, coincident with or after a Change in Control as defined in the LTI Plan) due to the Executive’s death or Disability (as defined in the LTI Plan), by the Company without Cause pursuant to
Section 4(a)(iv) or by the Executive for Good Reason pursuant to Section 4(a)(vi), the unvested portion of the Restricted Stock Award shall fully vest and become non-forfeitable on the date of any such termination of employment. In the
event of the Executive’s termination of employment at any time under circumstances not described in the preceding sentence, the unvested portion of the Restricted Stock Award shall be forfeited in its entirety without any payment to the
Executive. 
 (c) The Company shall reimburse Executive for all reasonable expenses incurred by Executive in the course of
performing Executive’s duties under this Agreement that are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements
with respect to reporting and documentation of such expenses. 
 (d) Executive shall be eligible for an annual bonus and long
term incentive awards as determined at the sole discretion of the Company’s board of directors (the “Board”) from time to time. 
 (e) Executive shall be entitled to all rights and benefits for which Executive shall be eligible under any retirement, retirement savings, profit-sharing, pension or welfare benefit plan, life,
disability, health, dental, hospitalization and other forms of insurance and all other so-called “fringe” benefits or perquisites (except for with respect to any plan that provides severance or other similar benefits), on the same terms
that the Company provides to other 

  
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similarly situated senior Company executives (subject to all restrictions on participation that may apply under federal and state tax laws); provided, however, that Executive shall
not be eligible to participate in any bonus, equity incentive plan, stock option plans, or incentive compensation plan, agreement or arrangement that relates to or is approved or adopted in connection with the Company’s recently completed
initial public offering. 
 Section 4. Termination. 

(a) Events of Termination. Executive’s employment with the Company shall terminate (the date of such termination being the
“Termination Date”) immediately upon any of the following: 
 (i) Executive’s death (“Termination
Upon Death”); 
 (ii) the effective date of a written notice sent to Executive stating the Company’s
determination, made in good faith, that due to a mental or physical condition, Executive has been unable and failed to substantially render the services to be provided by Executive to the Company for a period of at least 180 days out of any
consecutive 360 days (“Termination For Disability”); 
 (iii) the effective date of a written notice sent
to Executive stating the Company’s determination, made in good faith, that it is terminating Executive’s employment for Cause (as defined below) (“Termination For Cause”); 

(iv) the effective date of a notice sent to Executive stating that the Company is terminating Executive’s employment without Cause,
which notice can be given by the Company at any time after the Effective Date at the Company’s sole discretion, for any reason or for no reason (“Termination Without Cause”); 

(v) the effective date of a notice (other than a notice delivered pursuant to Section 4(a)(vi) of this Agreement) sent to the
Company from Executive stating that Executive is electing to terminate Executive’s employment with the Company without Good Reason (“Resignation Without Good Reason”); or 

  
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 (vi) the effective date of a written notice to Company stating Executive’s
determination, made in good faith, that a Good Reason Event (as defined below) has occurred within 30 days preceding such notice and as a consequence Executive is electing to terminate Executive’s employment hereunder for Good Reason
(“Resignation For Good Reason”); provided, however, that Executive will give the Company 30 days to cure such Good Reason Event, and if the Company fails to cure such Good Reason Event within 30 days after
Executive gives written notice of resignation hereunder, then Executive may immediately terminate Executive’s employment with the Company, and such termination will be a Resignation For Good Reason hereunder; provided, further,
that Executive’s termination shall be deemed a Termination For Cause if the Company has delivered to Executive written notice of any act or omission that, if not cured, would constitute Cause at any time preceding the notice provided by
Executive hereunder. 
 As used herein, the term “Cause” shall mean (i) commission of a willful act of
dishonesty in the course of Executive’s duties hereunder, (ii) conviction by a court of competent jurisdiction of, or plea of no contest to, a crime constituting a felony or conviction in respect of, or plea of no contest to, any act
involving fraud, dishonesty or moral turpitude, (iii) Executive’s performance under the influence of controlled substances (other than those taken pursuant to a medical doctor’s orders), or continued habitual intoxication, during
working hours, (iv) frequent or extended, and unjustifiable, absenteeism, (v) Executive’s personal misconduct or refusal to perform duties and responsibilities or to carry out directives of the Company, which, if capable of being
cured shall not have been cured, within 30 days after the Company shall have advised Executive in writing of its intention to terminate Executive’s employment, or (vi) Executive’s material non-compliance with the terms of this
Agreement, which, if capable of being cured shall not have been cured within 30 days after the Company shall have advised Executive in writing of its intention to terminate Executive’s employment. 

As used herein, the term “Good Reason Event” shall mean (i) a material adverse change in the responsibilities or
duties of Executive as set forth in this Agreement without Executive’s prior consent at a time when there are no circumstances pending that would permit the Board to terminate Executive for Cause, (ii) any reduction in the Salary or a
material reduction in Executive’s benefits (other than (x) a reduction in Salary that is the result of an administrative or 

  
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clerical error, and which is cured within 15 business days after the Company receives notice of such failure or (y) a reduction in Salary or benefits that are generally applicable to
all members of the Company’s senior management) or (iii) a material breach by the Company of this Agreement that is not cured within 30 days following the Company’s receipt of written notice of such breach from Executive.

 (b) Effect of Termination. 
 (i) Death or Disability. In the event of Termination Upon Death or Termination For Disability pursuant to Sections 4(a)(i) and 4(a)(ii) of this Agreement, Executive (or Executive’s legal
representative) shall be entitled to receive in cash the following: 
 (A) an amount equal to any earned but unpaid Salary
owing by the Company to Executive as of the Termination Date (the “Accrued Salary”), and 
 (B) to the extent
set forth in any written management bonus plan, an amount equal to the pro rata portion, determined as of the Termination Date, of any bonus to which Executive would have been entitled had Executive been employed by the Company at the time such
bonus would have otherwise been paid (the “Accrued Bonus”). 
 Nothing contained herein shall be deemed to
limit or abrogate any insurance or other similar benefits available to Executive. 
 (ii) Termination For Cause. In the
event of a Termination For Cause pursuant to Section 4(a)(iii) of this Agreement, Executive shall be entitled to receive in cash an amount equal to any Accrued Salary. 
 (iii) Termination Without Cause and Resignation For Good Reason. In the event of Termination Without Cause or Resignation For Good Reason pursuant to Sections 4(a)(iv) and 4(a)(vi) of this
Agreement, Executive shall be entitled to receive in cash, subject to Section 4(c)(ii) of this Agreement: 
 (A) an amount
equal to any Accrued Salary; 
 (B) an amount equal to any Accrued Bonus; and 

  
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 (C) an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate
then in effect) payable monthly for the period commencing on the Termination Date and ending 12 months after the Termination Date. 
 (iv) Resignation Without Good Reason. In the event of Resignation Without Good Reason pursuant to Section 4(a)(v) of this Agreement, Executive shall be entitled to receive in cash an amount
equal to any Accrued Salary. 
 (v) Upon Termination For Any Reason. In the event of any termination, Executive shall be
entitled to receive: 
 (A) any unpaid reasonable, reimbursable business expenses incurred by Executive in the course of
performing Executive’s duties under this Agreement that were incurred in a manner consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the
Company’s requirements with respect to incurring, reporting and documenting such expenses; and 
 (B) benefits under the
Company’s benefit plans of general application as shall be determined under the provisions of those plans. 
 (c)
Additional Provisions. 
 (i) Any amounts to be paid pursuant to this Section 4 shall be paid in accordance with the
Company’s existing payroll or bonus payment practices, as applicable. 
 (ii) As a condition to the Company’s
obligations, if any, to make any Accrued Bonus and severance payments provided under this Section 4, Executive shall have executed, delivered and not revoked a general release in the form attached hereto as Exhibit A. 

(iii) Notwithstanding any provision of this Agreement, the obligations and commitments under Section 5 of this Agreement shall
survive and continue in full force and effect in accordance with their terms notwithstanding any termination of Executive’s employment for any reason or termination of this Agreement for any reason. 

  
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 (iv) Notwithstanding anything in this Agreement to the contrary, the Company shall have no
obligation to pay any amounts payable under Sections 4(b)(i)(B), 4(b)(iii)(B) or 4(b)(iii)(C) of this Agreement during such times as Executive is in breach of Section 5 of this Agreement, after the Company provides Executive with notice of
such breach. 
 Section 5. Noncompetition, Nonsolicitation And Confidentiality. 

(a) Definitions. 
 “Company’s Business” means (i) developing and administering web-based individual health insurance plans and ancillary health insurance products, (ii) designing and
structuring data-driven individual health insurance plans and ancillary health insurance products, (iii) marketing such individual health insurance plans and ancillary health insurance products, (iv) managing relations with insureds, and
(v) any other insurance or discount benefits business or commercial activity, in each case as conducted by the Company or any parent, subsidiary or other affiliate of the Company. 

“Competitor” means any company, other entity or association or individual that directly or indirectly is engaged in the
Company’s Business. 
 “Confidential Information” means any confidential information with respect to the
Company’s Business and/or the businesses of its clients or customers, including, but not limited to: the trade secrets of the Company; products or services; standard proposals; standard submissions, surveys and analyses; Commercial Lines
Quality Assurance Manual; Claims Services Department Procedures and Quality Assurance Manual; Surety Quality Assurance Manual; policy forms; fees, costs and pricing structures; marketing information; advertising and pricing strategies; analyses;
reports; computer software, including operating systems, applications and program listings; flow charts; manuals and documentation; data bases; all copyrightable works; the Company’s existing and prospective clients and customers, their
addresses or other contact information and/or their confidential information; existing and prospective client and customer lists and other related data; expiration periods; policy numbers; coverage specifications; daily reports and related
correspondence; premium renewal notices; and all similar and related information in whatever form. The term Confidential Information does 

  
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not include, and there shall be no obligation hereunder with respect to, information that (i) is generally available to the public on the date of this Agreement, (ii) becomes generally
available to the public other than as a result of a disclosure by Executive not otherwise permissible hereunder or (iii) Executive has learned or learns from other sources where, to Executive’s knowledge, such sources have not violated
their confidentiality obligation to the Company or any other applicable obligation of confidentiality. 
 “Down Line
Agents” means those entities and individuals set forth on Schedule 5(a). 
 (b) Noncompetition. Executive
covenants and agrees that during the period commencing on the Effective Date and ending on the later of (i) two years following the Effective Date and (ii) one year following the Termination Date (the “Restricted Period”),
Executive will not, directly or indirectly, own, manage, operate, control, render service to, or participate in the ownership, management, operation or control of any Competitor anywhere in the United States of America; provided, however,
that (x) Executive shall be entitled to own shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or on the Nasdaq Stock Market which represent, in the aggregate, not more than
1% of such corporation’s fully-diluted shares and (y) the foregoing noncompetition covenant shall not impair or limit in any way (i) Executive’s right to receive any commissions or overrides arising under contracts in effect
prior to the Effective Date between Executive or his affiliate, La Bella LLC, and any third party relating to insurance or related business written by Down Line Agents, or (ii) Executive’s ownership in the Insurance Center for Excellence,
LLC or otherwise limit in any way Executive’s right to receive any profits, distributions, or other payments as a result of or incident to such ownership. 
 (c) Nonsolicitation of Employees. Executive covenants and agrees that during the Restricted Period, Executive will not, directly or indirectly, employ or solicit, or receive or accept the
performance of services by any then current officer, manager, employee or independent contractor of the Company or any parent, subsidiary or other affiliate of the Company, or in any way interfere with the relationship between the Company or any
parent, subsidiary or other affiliate of the Company, on the one hand, and any such officer, manager, employee or independent contractor, on the other hand. 

  
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 (d) Nonsolicitation of Customers and Vendors. Executive covenants and agrees that
during the Restricted Period, Executive will not, directly or indirectly, knowingly induce, or attempt to induce, any customer, salesperson, distributor, supplier, vendor, manufacturer, representative, agent, jobber, licensee or other person known
by Executive to be transacting business with the Company or any parent, subsidiary or other affiliate of the Company (collectively the “Customers” and “Vendors”) to reduce or cease doing business with the Company or
any such parent, subsidiary or other affiliate of the Company, or in any way to interfere with the relationship between any such Customer or Vendor, on the one hand, and the Company or any parent, subsidiary or other affiliate of the Company, on the
other hand. 
 (e) Representations and Covenants by Executive. Executive represents and warrants that:
(i) Executive’s execution, delivery and performance of this Agreement do not and will not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Executive is a party
or by which Executive is bound; (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity (other than the Company) and Executive is not subject to
any other agreement that would prevent Executive from performing Executive’s duties for the Company or otherwise complying with this Agreement; (iii) Executive is not subject to or in breach of any nondisclosure agreement, including any
agreement concerning trade secrets or confidential information owned by any other party; and (iv) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive,
enforceable in accordance with its terms. 
 (f) Nondisclosure of Confidential Information. Executive hereby acknowledges
and represents that Executive has consulted with independent legal counsel regarding Executive’s rights and obligations under this Agreement and that Executive fully understands the terms and conditions contained herein and Executive agrees
that Executive will not, directly or indirectly: (i) use, disclose, reverse engineer or otherwise exploit for Executive’s own benefit or for the benefit of anyone other than the Company the Confidential Information


  
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except as authorized by the Company; (ii) during Executive’s employment with the Company, use, disclose, or reverse engineer (x) any confidential information or trade secrets of
any former employer or third party, or (y) any works of authorship developed in whole or in part by Executive during any former employment or for any other party, unless authorized in writing by the former employer or third party; or
(iii) upon Executive’s resignation or termination (x) retain Confidential Information, including any copies existing in any form (including electronic form), that are in Executive’s possession or control, or (y) destroy,
delete or alter the Confidential Information without the Company’s consent. Notwithstanding the foregoing, Executive may use the Confidential Information in the course of performing Executive’s duties on behalf of the Company or any
parent, subsidiary or other affiliate of the Company as described hereunder, provided that such use is made in good faith. Executive will immediately surrender possession of all Confidential Information to Company upon any suspension or
termination of Executive’s employment with Company for any reason. 
 (g) Inventions and Patents. Executive
acknowledges that all (i) inventions, innovations, improvements, developments, methods, designs, analysis, drawings, reports, processes, novel concepts and all similar or related information (whether or not patentable) that relate to the
Company’s or any of its parents’, subsidiaries’ or other affiliates’ actual or anticipated businesses, (ii) research and development and (iii) existing or future products or services that are, to any extent, conceived,
developed or made by Executive while employed by the Company or any parent, subsidiary or other affiliate of the Company (“Work Product”) belong to the Company or such parent, subsidiary or other, affiliate. Executive shall promptly
disclose such Work Product to the Board and perform all actions reasonably necessary or requested by the Board (whether during or after the Term) to establish and confirm such ownership (including, without limitation, executing assignments,
consents, powers of attorney and other instruments). 
 (h) Miscellaneous. 

(i) Executive acknowledges that (x) Executive’s position is a position of trust and responsibility with access to Confidential
Information of the Company, (y) the Confidential Information, and the relationship between the Company and each of its employees, 

  
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Customers and Vendors, are valuable assets of the Company and may not be converted to Executives own use and (z) the restrictions contained in this Section 5 are reasonable and
necessary to protect the legitimate business interests of the Company and will not impair or infringe upon Executive’s right to work or earn a living after Executive’s employment with the Company ends. 

(ii) Each of the foregoing obligations shall be enforceable independent of any other obligation, and the existence of any claim or cause
of action that Executive may have against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of these obligations. 

(iii) Executive acknowledges that monetary damages will not be an adequate remedy for the Company in the event of a breach of this
Agreement and that it would be impossible for the Company to measure damages in the event of such a breach. Therefore, Executive agrees that, in addition to other rights that the Company may have at law or equity, the Company is entitled, without
posting bond, to seek an injunction preventing Executive from any breach of this Agreement. 
 (iv) In the event of a breach or
violation by Executive during the Restricted Period of any restriction in Section 5(b), (c) or (d) of this Agreement, the Restricted Period shall be tolled until such breach or violation has been cured. 

(v) The parties intend to provide the Company with the maximum protection possible with respect to its Customers and Vendors. The
parties, however, do not intend to include a provision that contravenes the public policy of any state. Therefore, if any provision of this Section 5 is unlawful, against public policy or otherwise declared void, such provision shall not be
deemed part of this Agreement, which otherwise shall remain in full force and effect. If, at the time of enforcement of this Agreement, a court or other tribunal holds that the duration, scope or area restriction stated herein is unreasonable under
the circumstances then existing, the parties agree that the court should enforce the restrictions to the extent it deems reasonable. 

  
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 (vi) Executive hereby agrees that prior to accepting employment with any other person or
entity during the Term or during the Restricted Period following the Termination Date, Executive will provide such prospective employer with written notice of the existence of this Agreement and the provisions of this Section 5 of this
Agreement, with a copy of such notice delivered simultaneously to the Company in accordance with Section 10 of this Agreement. 
 (vii) Notwithstanding any provision of this Agreement, the obligations and commitments of this Section 5 shall survive and continue in full force and effect in accordance with their terms
notwithstanding any termination of Executive’s employment for any reason or termination of this Agreement for any reason. 

Section 6. Withholding Taxes. Prior to making any payments required to be made pursuant to this Agreement, the Company may
require that the Company be reimbursed in cash for any taxes required by any government to be withheld or otherwise deducted and paid by the Company in respect of such payment by the Company. In lieu thereof, the Company shall have the right to
withhold the amount of such taxes from any sums due or to become due from it to Executive. 
 Section 7. Expenses.
In the event of any legal action to enforce Executive’s or the Company’s rights under this Agreement, each party will be responsible for that party’s attorneys’ fees, expenses and disbursements. 

Section 8. Assignment. This Agreement is binding upon and shall inure to the benefit of the parties hereto and their
respective successors and assigns. Executive shall not assign or transfer any rights or obligations hereunder. The Company shall have the right to assign or transfer any rights or obligations hereunder only to (a) a successor entity in the
event of a merger, consolidation, or transfer or sale of all or substantially all the assets of the Company or (b) a parent, subsidiary or other affiliate of the Company. Any purported assignment, other than as provided above, shall be null and
void. 
 Section 9. Indemnification. The Company shall indemnify Executive for any act or omission done or not done
in performance of Executive’s duties hereunder in accordance with 

  
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the Company’s by-laws to the extent provided for any other officer or member of the Board of the Company. The Company’s obligations under this Section 9 shall survive any
termination of this Agreement or Executive’s employment hereunder. 
 Section 10. Notices. All notices,
requests, consents and other communications required or permitted to be given hereunder, shall be in writing and shall be delivered personally or sent by prepaid telegram, telex, facsimile transmission, overnight courier or mailed, first class,
postage prepaid by registered or certified mail, as follows: 
  

			
	If to the Company:	  	 Health Plan Intermediaries Holdings, LLC.
 15438 N. Florida Avenue, Suite 201
 Tampa, Florida, 33613

Attention: Michael Kosloske
 Telecopy: (877)
376-5832
  
 with a copy to (which shall not constitute notice
hereunder):
 Health Plan Intermediaries Holdings, LLC
 15438 N. Florida Avenue, Suite 201
 Tampa, Florida, 33613

Attention: Gary Raeckers
 Telecopy: (877)
376-5832

		
	If to Executive:	  	To Executive’s address as reflected on the payroll records of the Company

 or such other address as either party shall designate by notice in writing to the other in accordance herewith. Any such
notice shall be deemed given when so delivered personally, by telex, facsimile transmission or telegram, or if sent by overnight courier, one day after delivery to such courier by the sender or if mailed, five days after deposit by the sender in the
U.S. mails. 
 Section 11. Entire Agreement. This Agreement shall constitute the entire agreement between Executive
and the Company concerning the subject matter hereof. This Agreement 

  
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supersedes and preempts any prior employment agreement or other understandings, agreements or representations by or among the parties, written or oral, that may have related to the subject matter
hereof. No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing, signed by Executive and an authorized officer of the Company. 

Section 12. Governing Law. This Agreement shall be subject to and governed by the laws of the State of Florida, without
giving effect to the principles of conflicts of law under Florida law that would require or permit the application of the laws of a jurisdiction other than the State of Florida and irrespective of the fact that the parties now or at any time may be
residents of or engage in activities in a different state. Employee agrees that in the event of any dispute or claim arising under this Agreement, jurisdiction and venue shall be vested and proper, and Employee hereby consents to the jurisdiction of
any court sitting in the State of Florida, including a federal district court. 
 Section 13. Full Settlement.
Executive acknowledges and agrees that, subject to the payment by the Company of the benefits provided in this Agreement to Executive, in no event will the Company nor any parent, subsidiary or other affiliate thereof be liable to Executive for
damages under any claim of breach of contract as a result of the termination of Executive’s employment. In the event of any such termination, the Company shall be liable only to provide to Executive, or Executive’s heirs or beneficiaries,
the benefits specified in this Agreement. 
 Section 14. Strict Compliance. Executive’s or the Company’s
failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right Executive or the Company may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or
right of this Agreement. The waiver, whether express or implied, by either party of a violation of any of the provisions of this Agreement shall not operate or be construed as a waiver of any subsequent violation of any such provision. 

Section 15. Creditor Status. No benefit or promise hereunder shall be secured by any specific assets of the Company.
Executive shall have only the rights of an unsecured general creditor of the Company in seeking satisfaction of such benefits or promises. 

  
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 Section 16. Section 409A. This Agreement is intended to comply with the
requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and shall be construed accordingly. Any payments or distributions to be made to Executive under this Agreement upon a separation
from service of amounts classified as “nonqualified deferred compensation” for purposes of Section 409A, shall in no event be made or commence until six months after such separation from service if Executive is determined to be a
specified Executive of a public company (all as determined under Section 409A). Each payment of nonqualified deferred compensation under this Agreement shall be treated as a separate payment for purposes of Section 409A. Any reimbursements
made pursuant to this Agreement shall be paid as soon as practicable but no later than 90 days after Executive submits evidence of such expenses to the Company (which payment date shall in no event be later than the last day of the calendar
incurred). The amount of such reimbursements paid and any in-kind benefits the year following the calendar year in which the expense was provided during any calendar year shall not affect the reimbursements paid or in-kind benefits provided in any
other calendar year, and the right to any such payments and benefits shall not be subject to liquidation or exchange for another payment or benefit. 
 Section 17. Cooperation. Executive agrees to provide assistance to and cooperate with the Company upon its reasonable request with respect to matters within the scope of Executive’s
duties and responsibilities during the Restricted Period. During such Period, the Company shall, to the maximum extent coordinate or cause any such request with Executive’s other commitments and responsibilities to minimize the degree to which
such request interferes with such commitments and responsibilities. The Company agrees that it will reimburse Executive for reasonable documented travel expenses (i.e., travel, meals and lodging) that Executive may incur in providing
assistance to the Company hereunder. 
 Section 18. Non-disparagement. Executive agrees to not make any statements,
written or oral, while employed by the Company and thereafter, which would be reasonably likely to disparage or damage the Company, its subsidiaries or affiliates or the personal or professional reputation of any present or former employees,
officers or members of the managing or directorial boards or committees of the Company or its subsidiaries or affiliates. The Company agrees that it will instruct each of its officers and members of its managing board not to make


  
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any disparaging communication regarding Executive, and no director, officer or employee of the Company will be authorized on the Company’s behalf to make any such disparaging communications
regarding Executive. 
 Section 19. Recoupment. If the Company is required to prepare an accounting restatement due
to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, and if the Executive knowingly or grossly negligently engaged in the misconduct, or knowingly or grossly
negligently failed to prevent the misconduct, or if the Executive is one of the individuals subject to automatic forfeiture under, Section 304 of the United States Sarbanes-Oxley Act of 2002 (and not otherwise exempted), the Executive shall
reimburse the Company the amount of any payment in settlement of any earned or accrued during the twelve-month period following the first public issuance or filing with the United States Securities and Exchange Commission (whichever first occurred)
of the financial document not in compliance with such financial reporting requirement. Such payments shall be subject to repayment to or recoupment (clawback) by the Company in accordance with such policies and procedures as the Committee or Board
may adopt from time to time, including policies and procedures to implement applicable law (including. but not limited to Section 954 of the Dodd-Frank Act), stock market or exchange rules and regulations or accounting or tax rules and
regulations. 
 Section 20. Survival. Any provision of this Agreement that is expressly or by implication intended
to survive the termination of this Agreement shall survive or remain in effect after the termination of this Agreement. 

Section 21. Counterparts. This Agreement may be executed in two or more counterparts, anyone of which need not contain the
signature of more than one party, but all such counterparts taken together shall constitute one and the same agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first written above. 
  

			
	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC
		
	By:	 	 /s/ Michael Kosloske

	Name:	 	Michael Kosloske
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Ivan M. Spinner
 Ivan M. Spinner



 (Signature Page to Employment Agreement) 







 EXHIBIT A 
 FORM OF RELEASE 
 This RELEASE (“Release”) is granted
effective as of the      day of                      by Ivan M. Spinner (the “Executive”) in favor
of Health Plan Intermediaries Holdings, LLC (the “Company”) and the other Released Parties (as defined below). This is the Release referred to in the Employment Agreement, dated as of March 14, 2013, between the Company and the
Executive (the “Employment Agreement”). The Executive gives this Release in consideration of the Company’s promises and covenants contained in the Employment Agreement, with respect to which this Release is an integral part.

 1. Release of the Company. The Executive, for himself, his successors, assigns, attorneys, and all those entitled to
assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, stockholders, trustees, Executives, agents, parent corporations, subsidiaries, affiliates, estates, successors, assigns and
attorneys (the “Released Parties”), from any and all claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands,
claims for attorney’s fees and costs, or liabilities whatsoever, in law or in equity, which the Executive ever had or now has against the Released Parties, arising by reason of or in any way connected with or which may be traced either directly
or indirectly to the employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors and the Executive, or the termination of that relationship, that the Executive has, had or purports to
have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment
discrimination under federal or state law, except as provided in Paragraph 2; claims arising under Title VII of the Civil Rights Act, 42 U.S.C. § 2000(e), et seq. or the Americans With Disabilities Act, 42 U.S.C.
§ 12101, et seq.; claims for statutory or common law wrongful discharge, including any claims arising under the Fair Labor Standards Act, 29 U.S.C. § 201, et seq.; claims for attorney’s fees, expenses and
costs; claims for defamation; claims for wages or vacation pay; claims for benefits, including any claims arising under the Executive Retirement Income Security Act, 29 U.S.C. § 1001, et seq.; and provided,
however, that nothing herein shall 

  
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release the Company of its obligations to the Executive under the Employment Agreement or any other contractual obligations between the Company or its subsidiaries or affiliates and the
Executive, or any indemnification obligations to the Executive under the Company’s bylaws or operating agreement or federal, state or local law or otherwise. 
 2. Release of Claims Under Age Discrimination in Employment Act. Without limiting the generality of the foregoing, the Executive agrees that by executing this Release, he has released and waived
any and all claims he has or may have as of the date of this Release for age discrimination under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. It is understood that the Executive has been advised to
consult with an attorney prior to executing this Release; that he in fact has consulted a knowledgeable, competent attorney regarding this Release; that he may, before executing this Release, consider this Release for a period of 21 calendar
days; and that the consideration he receives for this Release is in addition to amounts to which he was already entitled. It is further understood that this Release is not effective until seven calendar days after the execution of this Release and
that the Executive may revoke this Release within seven calendar days from the date of execution hereof. 
 The Executive agrees
that he has carefully read this Release and is signing it voluntarily. The Executive acknowledges that he has had 21 days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the
expiration of such 21-day period, the Executive is waiving his right to review the Release for such full 21-day period prior to signing it. The Executive has the right to revoke this release within seven days following the date of its execution by
him. However, if the Executive revokes this Release within such seven-day period, no severance benefit will be payable to him under the Employment Agreement and he shall return to the Company any such payment received prior to that date. 

THE EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS
AGAINST THE COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. THE EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN ATTORNEY OR OTHER ADVISOR OF HIS CHOOSING CONCERNING HIS EXECUTION OF THIS


  
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RELEASE AND THAT HE IS SIGNING THIS RELEASE VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH CLAIMS. 

 

	
	  
 Name of Executive: Ivan M.
Spinner



 Date:
                     

  
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