Document:

EX-10.1

 Exhibit 10.1 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

This ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of March 26, 2018, by and among
Cogint, Inc., a Delaware corporation (“Cogint”), Red Violet, Inc., a Delaware corporation (“SpinCo”) and the Cogint Entities listed on Schedule A hereto (collectively with Cogint, the “Cogint
Group” and each, a “Cogint Entity”). Capitalized terms used in this Agreement and not otherwise defined have the meanings ascribed to such terms in the Separation Agreement (as defined below). 

RECITALS 
 WHEREAS,
Cogint and SpinCo have entered into that certain Separation and Distribution Agreement (the “Separation Agreement”) dated as of February 27, 2018, pursuant to which Cogint and SpinCo will consummate the Internal Reorganization
and the Spin-Off; 
 WHEREAS, in connection with the Internal Reorganization and pursuant to
Section 2.1 of the Separation Agreement, the Cogint Group desires to assign to SpinCo the SpinCo Transferred Assets and SpinCo has agreed to assume the SpinCo Assumed Liabilities. 

NOW, THEREFORE, pursuant to the terms and conditions of the Separation Agreement and for the consideration set forth therein and other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 AGREEMENT 

1.    Assignment and Assumption. Subject to the terms and conditions of the Separation Agreement, each Cogint
Entity hereby assigns, conveys, and transfers to SpinCo all of such Cogint Entity’s rights, title and interest in and to the SpinCo Transferred Assets (the “Assignment”). SpinCo hereby accepts the Assignment and assumes the
SpinCo Assumed Liabilities in each case, effective as of the Business Transfer Time. 
 2.    Terms of the Separation
Agreement. The terms of the Separation Agreement, including, but not limited to, the representations, warranties, covenants, agreements and indemnities relating the SpinCo Assumed Liabilities are incorporated herein by reference. The parties
hereto acknowledge and agree that the representations, warranties, covenants, agreements and indemnities contained in the Separation Agreement shall not be superseded hereby, but shall remain in full force and effect to the extent provided therein;
provided, however, that the parties hereto hereby agree that, notwithstanding anything to the contrary contained in the Separation Agreement or any Ancillary Agreement, certain provisions of the Separation Agreement shall be interpreted and enforced
in the manner set forth on Schedule B hereto. In the event of any conflict or inconsistency between the terms of the Separation Agreement and the terms hereof, the terms of the Separation Agreement shall govern, except with respect to the
provisions set forth on Schedule B, which provisions shall (notwithstanding anything to the contrary contained in the Separation Agreement or any Ancillary Agreement) govern in the event of any such conflict or inconsistency. 

3.    Governing Law. This Agreement shall be governed by and construed in accordance with the Law of the State of
Delaware, without regard to the choice of law or conflicts of law principles thereof. The parties expressly waive any right they may have, now or in the future, to demand or seek the application of a governing Law other than the Law of the State of
Delaware. 

 4.    Assignment. This Agreement may not be assigned by any party
hereto without the prior written consent of Cogint and SpinCo. All of the terms and provisions of this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 

5.    Counterparts. This Agreement may be executed in multiple original, facsimile or electronic counterparts
(including via PDF), each of which shall be deemed an original, but all of which when taken together shall constitute one and the same agreement. 

6.     Further Assurances. Each party hereto shall execute and deliver, at the reasonable request of the other
parties hereto, such additional documents, instruments, conveyances and assurances and take such further actions as such other party may reasonably request to carry out the provisions hereof and give effect to the transactions contemplated by this
Agreement. 
 [Signatures on next page.] 

 IN WITNESS WHEREOF, the Parties have executed his Agreement as of the date first above written. 

 

			
	COGINT, INC.
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Chief Executive Officer
	
	RED VIOLET, INC.
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Chief Executive Officer
	
	FLUENT, LLC
	REWARD ZONE USA, LLC
	REWARDSFLOW, LLC
	AMERICAN PRIZE CENTER, LLC
	EASE WINS, LLC
	FLUENT MEDIA LABS, LLC
	SAMPLES & SAVINGS, LLC
	SEA OF SAVINGS, LLC
	HVGUS, LLC
	DELIVER TECHNOLOGY LLC
	FIND DREAM JOBS, LLC
	FIND DREAM SCHOOLS, LLC
	MAIN SOURCE MEDIA, LLC
	SEARCH WORKS MEDIA, LLC
	BIG PUSH MEDIA, LLC
	INBOXPAL, LLC
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Manager
	
	Q INTERACTIVE, LLC
	
	By: Fluent, LLC, a Delaware limited liability company, its sole member
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Manager

 
			
	CLICKGEN, LLC
	
	By: Q Interactive, LLC, a Delaware limited liability company, its sole member
	
	By: Fluent, LLC, a Delaware limited liability company, its sole member
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Manager
	
	NETCREATIONS, LLC
	
	By: ClickGen, LLC, a Delaware limited liability company, its sole member
	
	By: Q Interactive, LLC, a Delaware limited liability company, its sole member
	
	By: Fluent, LLC, a Delaware limited liability company, its sole member
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Manager
	
	BXY VENTURES, LLC
	
	By: NetCreations, LLC, a Nevada limited liability company, it sole member
	
	By: ClickGen, LLC, a Delaware limited liability company, its sole member
	
	By: Q Interactive, LLC, a Delaware limited liability company, its sole member
	
	By: Fluent, LLC, a Delaware limited liability company, its sole member
		
	By:	 	 /s/ Derek Dubner

	Name:	 	Derek Dubner
	Title:	 	Manager

 Schedule A 

Cogint Entities 
  

	 	1.	Fluent, LLC, a Delaware limited liability company 

  

	 	2.	Reward Zone USA, LLC, a Delaware limited liability company 

  

	 	3.	RewardsFlow, LLC, a Delaware limited liability company 

  

	 	4.	American Prize Center, LLC, a Delaware limited liability company 

  

	 	5.	EASE Wins, LLC, a Delaware limited liability company 

  

	 	6.	Fluent Media Labs, LLC, a Delaware limited liability company 

  

	 	7.	Samples & Savings, LLC, a Delaware limited liability company 

  

	 	8.	Sea of Savings, LLC, a Delaware limited liability company 

  

	 	9.	HVGUS, LLC, a Delaware limited liability company 

  

	 	10.	Deliver Technology LLC, a Delaware limited liability company 

  

	 	11.	Find Dream Jobs, LLC, a Delaware limited liability company 

  

	 	12.	Find Dream Schools, LLC, a Delaware limited liability company 

  

	 	13.	Main Source Media, LLC, a Delaware limited liability company 

  

	 	14.	Search Works Media, LLC, a Delaware limited liability company 

  

	 	15.	Big Push Media, LLC, a Delaware limited liability company 

  

	 	16.	InBoxPal, LLC, a Delaware limited liability company; 

  

	 	17.	Q Interactive, LLC, a Delaware limited liability company 

  

	 	18.	ClickGen, LLC, a Delaware limited liability company 

  

	 	19.	NetCreations, LLC, a Nevada limited liability company 

  

	 	20.	BXY Ventures, LLC, a Nevada limited liability company 

 Schedule B 

For purposes of clarification, the parties hereto hereby acknowledge and agree to the following (notwithstanding anything to the contrary set forth in the
Separation Agreement or any Ancillary Agreement): 
  

	 	1.	The definition of “Cogint Liabilities” in the Separation Agreement shall not include any Liabilities related to any Transaction Litigation to the extent in connection with, arising from or otherwise relating
to (a) the Spin-Off, except to the extent arising as a result of the conduct of any Cogint Entity or its officers and directors in their capacities as such (but excluding any such conduct to the extent
undertaken by persons who are or were also directors or officers of Red Violet at or prior to the Spin-Off (each, a “Crossover Party”)) (regardless of whether any such conduct occurred prior
to, at or after the Spin-Off), (b) any other transaction contemplated by the Separation Agreement or the Ancillary Agreements, except to the extent arising as a result of the conduct of any Cogint Entity or
its officers and directors in their capacities as such (but excluding any such conduct to the extent undertaken by any Crossover Party) (regardless of whether any such conduct occurred prior to, at or after the
Spin-Off), or (c) any alleged or asserted misrepresentation or omission in any document filed by any SpinCo Entity or Cogint Entity with the Securities and Exchange Commission in connection with the
Internal Reorganization or the Spin-Off (all such excluded Liabilities described in clauses (a), (b) and (c) collectively, the “SpinCo Transaction Liabilities”); 

 

	 	2.	The definition of “SpinCo Liabilities” in the Separation Agreement shall include (i) all Liabilities of the SpinCo Entities arising from or relating to the businesses and operations (whether or not such
businesses or operations are or have been terminated, divested or discontinued) conducted prior to the Business Transfer Time by the SpinCo Entities and (ii) all SpinCo Transaction Liabilities; 

 

	 	3.	The definition of “Indemnified Persons” in the Separation Agreement shall not include any person who was not a director or officer of Cogint or any of its Subsidiaries prior to the Spin-Off; and 

  

	 	4.	The Cogint Entities shall not be obligated to indemnify any Indemnified Person under the Separation Agreement to the extent arising, directly or indirectly, out of or pertaining, directly or indirectly, to any action or
omission, or alleged action or omission, that shall have occurred after the Spin-Off Date; 

provided, that, notwithstanding the foregoing, the parties hereto hereby acknowledge and agree that nothing contained in this Schedule B creates
any indemnification obligation owing by any SpinCo Entity under the Separation Agreement or otherwise except to the extent any Cogint Indemnitee incurs any SpinCo Liability described in paragraph 2 above, and such SpinCo Liability is not fully
covered by insurance, including the D&O Insurance.EX-10.2

 Exhibit 10.2 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”) is made and entered into on March 26, 2018, by and between Red Violet,
Inc., a Delaware corporation (the “Company”) and the individual identified on Exhibit A, attached hereto (the “Executive”) and is effective as of the Effective Date (as hereinafter defined). 

RECITALS 
 WHEREAS,
the Company desires to retain the services of Executive pursuant to the terms and conditions set forth herein and Executive desires to become employed by the Company on such terms and conditions; and 

NOW, THEREFORE, in consideration of the foregoing, the mutual promises contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows: 
 AGREEMENT 

1.    Term of Agreement. This Agreement will be effective on the Effective Date. The term shall be for the period
set forth on Exhibit A attached hereto (the “Term”). 
 2.    Position and Duties. During
the Term, the Executive shall serve the Company in the position and perform the duties as are set forth on Exhibit A attached hereto. 

3.    Full Business Time and Attention. Except as otherwise set forth in this Agreement, the Executive shall
(a) devote his full business time, attention, skill and energy exclusively to the duties and responsibilities of his position; (b) service the Company faithfully, diligently and to the best of his ability; (c) use his best efforts to
promote the success of the Company; and (d) cooperate fully with the Company’s Board of Directors (the “Board”) in the advancement of the Company’s best interests to assure full and efficient performance of his duties
hereunder. Nothing contained herein shall require Executive to follow any directive or to perform any act which would violate any laws, ordinances, regulations or rules of any governmental, regulatory or administrative body, agent or authority, any
court or judicial authority, or any public, private or industry regulatory authority. Executive shall act in accordance in all material respects with all laws, ordinances, regulations or rules of any governmental, regulatory or administrative body,
agent or authority, any court or judicial authority, or any public, private or industry regulatory authority. 

4.    Board Membership. In addition to his employment hereunder, Executive is also serving on the Company’s
Board. Executive’s membership or continued membership on the Company’s Board shall be determined solely in accordance with the bylaws of the Company and shall not be affected by this Agreement. In the event Executive’s employment
hereunder is terminated prior to the expiration of Executive’s then-current schedule term as a member of the Board, Executive shall be permitted to remain as a non-employee member of the Board (but not as
an executive or other employee of the Company) through the end of such term (and thereafter, if re-elected to the Board in accordance with the Company’s bylaws); provided, however, that except as set
forth in this Agreement, Executive shall not be entitled to any compensation hereunder following the expiration of the Term, and Executive’s compensation after the end of the Term shall generally be limited solely to any compensation normally
paid by the Company to non-employee directors. Conversely, in the event Executive’s membership on the Board ceases prior to the expiration of the Term, such cessation of Board service shall not affect
Executive’s employment hereunder. 
 5.    Compensation and Benefits. During the Term: 

 (a)    Base Salary. The Executive shall be paid the annual base salary
set forth on Exhibit A attached hereto, or such greater amount as may be determined by the Company from time to time in its sole discretion, payable in equal periodic installments according to the Company’s customary payroll practices,
but not less frequently than monthly (the “Base Salary”). The Base Salary may be increased but not decreased without the Executive’s written consent. 

(b)    Benefits. The Executive shall, during the Term, be eligible to participate, commensurate with the
Executive’s position, in such retirement, life insurance, hospitalization, major medical, fringe and other Executive benefit plans that the Company generally maintains for its full-time Executives (collectively, the
“Benefits”). Notwithstanding the foregoing, the Company may discontinue or terminate at any time any Executive benefit plan, policy or program now existing or hereafter adopted and will not be required to compensate the Executive
for such discontinuance or termination; provided, however, that the Company shall be required to offer to the Executive any rights or benefits extended to other Executives in the event of termination of such plans or benefits, including, but not
limited to coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Executive shall be entitled to four (4) weeks of paid vacation during each calendar year, to be taken during such calendar year at
times selected by Executive, as well as paid holidays and personal days according to Company policy in effect from time to time. 

(c)    Bonus. The Executive shall be entitled to cash bonuses, commensurate with the Executive’s position, as
the Board may determine from time to time. 
 (d)    Equity Incentive Compensation. The Executive shall be
entitled to participate, commensurate with the Executive’s position, in the Company’s incentive compensation plan(s) (i.e., stock/restricted stock units/options/warrants, etc. (each individually or collectively, “Equity
Awards”)), pursuant to the Red Violet, Inc. Stock Incentive Plan or such other equity plan or arrangement as may be in effect from time to time (such plan or arrangement hereinafter referred to as the “Plan”). Any Equity Awards
shall be documented on an award agreement which shall at least conform to the terms and conditions set forth in this paragraph (the “Award Agreement”). Any Equity Awards shall vest immediately upon: (i) a Change in Control
(defined below), (ii) a termination of Executive’s employment by the Company Without Cause, (iii) a termination of employment by Executive for Good Reason, or (iv) Executive’s death or Disability. Shares of the Company’s
Common Stock shall be issued with respect to the vested Equity Awards upon the earlier of: (i) a Change in Control, or (ii) Executive’s “separation from service” as defined for purposes of Code Section 409A (the
“Delivery Event”); provided, however, that the delivery of shares shall be delayed until the earlier of (A) six (6) months following separation from service, or (B) Executive’s death, if necessary to comply with the
requirements of Code Section 409A. All shares underlying vested Equity Awards shall be delivered to Executive upon a Delivery Event regardless as to the reason triggering such Delivery Event (including the reason the Executive’s employment
is terminated). This Section 5(d) shall be in addition to and shall not in any way modify, amend or restate any other grant of equity awards, including restricted stock units, made pursuant to this Agreement or to any grant
agreement previously executed by Executive. 
 For purposes hereof, a “Change in Control” shall mean: 

(i)    any one (1) person, or more than one (1) person acting as a group, acquires ownership of
common stock of the Company or any material subsidiary that, together with common stock held by such person or group, possesses more than fifty percent (50%) of the total fair market value or total voting power of the common stock of the Company or
such subsidiary; provided, however, that if any one (1) person, or more than one (1) person acting as a group, is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the common stock of
the Company, the acquisition of additional common stock by the same person or persons will not be considered a Change in Control under this Agreement; 

 (ii)    during any period of twelve (12) consecutive
months, individuals who at the beginning of such period constituted the Board of Directors of the Company or any material subsidiary (the “Board”) (together with any new or replacement directors whose election by the Board, or whose
nomination for election by the Company’s or any material subsidiary’s shareholders, was approved by a vote of at least a majority of the directors then still in office who were either directors at the beginning of such period or whose
election or nomination for election was previously so approved) cease for any reason to constitute a majority of the directors then in office; or 

(iii)    any one (1) person, or more than one (1) person acting as a group, acquires (or has
acquired during the twelve (12) month period ending on the date of the most recent acquisition by the person or persons) assets from the Company or any material subsidiary outside of the ordinary course of business, that have a gross fair
market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company or such material subsidiary immediately prior to such acquisition or acquisitions. For purposes of this Section,
“gross fair market value” means the value of the assets of the Company or any material subsidiary, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. Notwithstanding
anything to the contrary in this Agreement, the following shall not be treated as a Change in Control under this Agreement: 

(A)    a transfer of assets from the Company or any material subsidiary to a shareholder of the Company
(determined immediately before the asset transfer); 
 (B)    a transfer of assets from the Company or
any material subsidiary to an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company or such material subsidiary; 

(C)    a transfer of assets from the Company or any material subsidiary to a person, or more than one
(1) person acting as a group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding capital stock of the Company or material subsidiary; or 

(D)    a transfer of assets from the Company or material subsidiary to an entity, at least fifty percent
(50%) of the total value or voting power of which is owned, directly or indirectly, by a person described in clause (C) above. 
 However, to the
extent necessary for the Executive to avoid adverse tax consequences under Section 409A of the Internal Revenue Code, and its implementing regulations and guidance, a Change of Control shall not be deemed to occur unless it constitutes a
“change in the ownership or effective control of a corporation or in the ownership of a substantial portion of the assets of a corporation” under Treas. Reg. Section 1.409A-3(i)(5), as revised
from time to time. 
 (e)    Expenses. The Company shall pay on behalf of the Executive (or reimburse Executive
for) reasonable documented expenses incurred by Executive in the performance of his duties under this Agreement and, in accordance with the Company’s existing policies and procedures pertaining to the reimbursement of expenses to Executives in
general. Notwithstanding anything herein to the contrary or otherwise, except to the extent any expense or reimbursement provided pursuant to this Section 5(e) does not constitute a “deferral of compensation” within the meaning of
Section 409A of the Code (as defined 

 
below): (i) the amount of expenses eligible for reimbursement provided to the Executive during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (ii) the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day of the
calendar year following the calendar year in which the applicable expense is incurred, (iii) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any
other benefit and (iv) the reimbursements shall be made pursuant to objectively determinable and nondiscretionary Company policies and procedures regarding such reimbursement of expenses. 

6.    Termination of Employment. 

(a)    By the Company. The Company may terminate this Agreement and Executive’s employment, for the following
reasons: 
 (i)    Death. Executive’s employment and this Agreement shall terminate
immediately upon the death of the Executive. 
 (ii)    Disability. The Company may terminate this
Agreement and the Executive’s employment with the Company immediately upon a determination of Disability. For purposes of this Agreement the Executive has a “Disability” if, for physical or mental reasons, the Executive is unable to
perform the essential duties required of the Executive under this Agreement, even with a reasonable accommodation, for a period of six (6) consecutive months or a period of one hundred eighty (180) days during any twelve (12) month
period, as determined by an independent medical professional mutually acceptable to the parties. Executive shall submit to a reasonable number of examinations by the independent medical professional making the determination of Disability. 

(iii)    For Cause. The Company may terminate this Agreement and the Executive’s employment
with the Company at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (1) Executive’s conviction of or plea of guilty or nolo contendere to a felony which involves moral turpitude or results in material
harm to the Company, (2) Executive’s fraud against the Company, theft, misappropriation or embezzlement of the assets or funds of the Company or any customer, or any breach of fiduciary duty owed to the Company, or engagement in misconduct
that is materially injurious to the Company, including any violation of any of the restrictions set forth in the Confidentiality, Nondisclosure, Noncompetition, Nonsolicitation and Nondisparagement Agreement as entered into between the Executive and
the Company (the “Restrictive Covenant Agreement”), (3) Executive’s gross negligence of his duties or willful misconduct in the performance of his duties under this Agreement, and (4) Executive’s material breach of
this Agreement and failure to cure such breach within thirty (30) days after the receipt of written notice of such breach from Company. For purposes of this Section, no act, or failure to act, on the part of the Executive shall be considered
“willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon
authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company (or any act which the Executive omits to do because of the Executive’s reasonable belief that such act would violate law or
the Company’s standards of ethical conduct in its corporate policies) shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The termination of employment of
the Executive shall not be deemed to be for Cause unless and until (A) within a reasonable period of time prior to the Board meeting at which the Board will determine whether Cause exists, the Executive is provided written notice of such
meeting and, unless prohibited by law, a reasonable 

 
opportunity to review prior to such meeting all information to be presented to the Board with respect to whether Cause exists, (B) the Executive is afforded the opportunity, together with
counsel for the Executive, to be heard before the Board, (C) there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of a majority of the entire membership of the Board at a meeting of the
Board called and held for such purpose finding that, in the good faith opinion of the Board, the Executive committed the conduct that constitutes Cause and specifying the particulars thereof in detail, and (D) if the conduct or act alleged to
provide grounds for the Executive’s termination for Cause is curable in the discretion of the Board, the Executive has not cured such conduct within thirty (30) days from the date of receiving a copy of the resolution adopted by the Board.

 (iv)    Without Cause or Refusal to Accept Assignment. Notwithstanding anything in this
Agreement to the contrary, the Company may terminate this Agreement and the Executive’s employment at any time during the Term without Cause for any reason or no reason at all upon ninety (90) days’ prior written notice to Executive.
In the event any successor of the Company refuses to accept assignment of this Agreement, then this Agreement shall be deemed terminated without Cause. 

(b)    By Executive. The Executive may terminate this Agreement and his employment with the Company, for the
following reasons: 
 (i)    For Any Reason. The Executive may terminate this Agreement and his
employment hereunder at any time for any reason or for no reason at all; provided, however, that the Executive provides the Company with at least sixty (60) days (“Executive Termination Period”) prior written notice. 

(ii)    For Good Reason. The Executive may terminate this Agreement and his employment hereunder for
“Good Reason” (as hereinafter defined). “Good Reason” for purposes of this Agreement means the occurrence of any of the following without the Executive’s written consent: (i) a material reduction in the Executive’s
Base Salary as in effect immediately prior to such reduction; (ii) a material adverse change in the Executive’s title, duties or responsibilities; (iii) a relocation of Executive’s principal office by more than fifty
(50) miles from the Company’s office in Boca Raton, Florida; or (iv) any material breach of this Agreement by Company. The Company and Executive agree that “Good Reason” shall not exist unless and until Executive provides
the Company with written notice of the acts alleged to constitute Good Reason within ninety (90) days of Executive’s knowledge of the occurrence of such event, and the Company fails to cure such acts within thirty (30) days of receipt
of such notice. Executive must terminate employment within sixty (60) days following the expiration of such cure period for the termination to be on account of Good Reason. 

(c)    Compensation Upon Termination. 

(i)    Death. Upon termination of this Agreement due to the Executive’s death, the Company
shall pay to the Executive’s estate the Executive’s Base Salary accrued through the date of the Executive’s death. Upon payment to the Executive of the foregoing amount, the Company shall have no further obligation or liability to or
for the benefit of the Executive under this Agreement, except as required by applicable law or any Award Agreement. 

(ii)    Disability. Upon termination of this Agreement due to the Executive’s Disability, the
Company shall pay to the Executive the Executive’s Base Salary and Benefits accrued through the date of the determination of the Executive’s Disability. Upon payment to the 

 
Executive of the foregoing amount, the Company shall have no further obligation or liability to or for the benefit of the Executive under this Agreement, except as required by applicable law or
any Award Agreement. 
 (iii)    For Cause. Upon termination of this Agreement for Cause, the
Company shall pay to the Executive the Executive’s Base Salary and Benefits accrued through the date of the Executive’s termination. Upon payment to the Executive of the foregoing amount, the Company shall have no further obligation or
liability to or for the benefit of the Executive under this Agreement, except as required by applicable law. 

(iv)    Without Cause or Refusal to Accept Assignment. In the event the Company terminates this
Agreement without Cause or any successor of the Company refuses to accept assignment of this Agreement, the Company shall pay to the Executive the greater of (x) the Executive’s Base Salary for the remainder of the Term in accordance with
the Company’s payroll practices in effect from time to time and (y) two (2) years of the Executive’s Base Salary in accordance with the Company’s payroll practices in effect from time to time, provided, however, the Executive is
not in violation of the Restrictive Covenant Agreement. Upon payment to the Executive of the foregoing amount, the Company shall have no further obligation or liability to or for the benefit of the Executive under this Agreement, except as required
by applicable law or any Award Agreement. 
 (v)    For Any Reason. In the event the Executive
terminates this Agreement and his employment with the Company for any reason during the Term, the Company shall pay to the Executive the Executive’s Base Salary and Benefits through the date of the expiration of the Executive Termination
Period. Upon payment to the Executive of the foregoing amount, the Company shall have no further obligation or liability to or for the benefit of the Executive under this Agreement, except as required by applicable law. 

(vi)    For Good Reason. If the Executive terminates this Agreement and his employment for Good
Reason, the Company shall pay to the Executive the greater of (x) the Executive’s Base Salary for the remainder of the Term in accordance with the Company’s payroll practices in effect from time to time and (y) two (2) years of
the Executive’s Base Salary in accordance with the Company’s payroll practices in effect from time to time, provided, however, the Executive is not in violation of the Restrictive Covenant Agreement. Upon payment to the Executive of the
foregoing amount, the Company shall have no further obligation or liability to or for the benefit of the Executive under this Agreement, except as required by applicable law or any Award Agreement. 

7.    Indemnification. Notwithstanding anything to the contrary herein, including, without limitation,
Section 6(c) of this Agreement, to the fullest extent permitted by the law, the Company will indemnify, defend and hold Executive harmless from and against any and all third-party claims, demands, investigations, actions,
suits, proceedings, awards and/or judgments, including reasonable costs and attorneys’ fees, when and as incurred by Executive arising out of or related to the operations, business, or affairs of or any act or failure to act on behalf of the
Company, any of its subsidiaries, directors or shareholders, or any of their respective affiliates during the course of his employment with the Company (even if the action or investigation is brought post Executive’s termination) and/or in his
capacity as an Executive of the Company, except to the extent that any of the foregoing is determined by final, nonappealable order of a court of competent jurisdiction to have been primarily caused by the bad faith, gross negligence, willful or
intentional misconduct, knowing violation of law or criminal activity of such Executive. The Company shall obtain coverage for the Executive under an insurance policy covering the Company’s directors and officers against claims set forth herein
if such coverage for Executive is possible 

 
at reasonable cost; provided, however, that it is understood and agreed that the Company’s obligation to indemnify the Executive as set forth in this Section 7
shall not be affected by the Company’s ability or inability to obtain such insurance coverage. The Company’s obligations under this Section 7 shall survive the termination or expiration of this Agreement. The
indemnification provided in this Section 7 shall not be deemed exclusive and shall be in addition to any other indemnification rights and/or remedies to which the Executive might be entitled to under the law, another
agreement or otherwise. 
 8.    Covenant Not to Compete. In recognition of the need of the Company to protect
its goodwill and legitimate business interests, Executive agrees that the terms and conditions of the Restrictive Covenant Agreement, is hereby incorporated into this Agreement. Notwithstanding the foregoing, Executive’s covenants in the
Restrictive Covenant Agreement are independent covenants and any claim by Executive against the Company under this Agreement or otherwise shall not excuse Executive’s obligations under the Restrictive Covenant Agreement. If Executive’s
employment with the Company expires or is terminated, this Agreement shall continue in full force and effect to the extent necessary or appropriate to enforce the Executive’s obligations and agreements under the Restrictive Covenant Agreement.

 9.    Notice. Any notice required or desired to be given under this Agreement shall be in writing and shall be
addressed as follows: 
  

			
	If to Company:        	  	 Red Violet, Inc.
 2650 North Military Trail,
Suite 300
 Boca Raton, Florida 33431

		
	If to Executive:	  	 Derek Dubner
 3130 St. Annes Drive

Boca Raton, Florida 33496

 Notice shall be deemed given on the date it is deposited in the United States mail, first class postage prepaid and
addressed in accordance with the foregoing, or the date otherwise delivered in person, whichever is earlier. The address to which any notice must be sent may be changed by providing written notice in accordance with this
Section 9. 
 10.    General Provisions. 

(a)    Amendments. This Agreement constitutes the entire agreement between the parties hereto and supersedes all
prior agreements, if any, understandings and arrangements, oral or written, between the parties hereto with respect to the subject matter hereof. This Agreement may only be altered or amended by mutual written consent of the Company and the
Executive. 
 (b)    Applicable Law. This Agreement shall be governed in accordance with the laws of the State of
Florida regardless of the conflict of laws rules or statutes of any jurisdiction. 
 (c)    Successors and
Assigns. This Agreement will be binding upon the Executive’s heirs, executors, administrators or other legal representatives or assigns. This Agreement will not be assignable by the Executive, but shall be assigned by the Company in
connection with the sale, lease, license, assignment, merger, consolidation, share exchange, liquidation, transfer, conveyance or other disposition (whether direct or indirect) of all or substantially all of its business and/or assets in one or a
series of related transactions (individually and/or collectively, a “Fundamental Transaction”). The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the
“Successor Entity”) to assume in writing all of the obligations of the Company under this Employment Agreement. Upon the occurrence of any such Fundamental Transaction, the Successor Entity

 
shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Employment Agreement referring to the “Company” shall
refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Employment Agreement with the same effect as if such Successor Entity had been named as
the Company herein. 
 (d)    No Waiver. The failure of any party to this Agreement to enforce at any time any of
the provisions of this Agreement shall in no way be construed to be a waiver of any such provision, nor in any way to affect the validity of this Agreement or any part thereof or the right of any party under this Agreement to enforce each and every
such provision. No waiver or any breach of this Agreement shall be held to be a waiver of any other or subsequent breach. 

(e)    Section Headings, Construction. The headings used in this Agreement are provided for convenience only and
shall not affect the construction or interpretation of this Agreement. All words used in this Agreement shall be construed to be of such gender or number as the circumstances require. In no event shall the terms or provisions hereof be construed
against any party on the basis that such party or counsel for such party drafted this Agreement or the attachments hereto. 

(f)    Severability. If any provision of this Agreement is held to be invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree shall remain in full force and effect to the extent not held
invalid or unenforceable. 
 (g)    Counterparts. This Agreement may be executed in one or more counterparts each
of which shall be deemed to be an original of this Agreement and all of which, when taken together, shall be deemed to constitute one and the same agreement. 

(h)    Opportunity to Review. The Executive represents that the Executive has been provided with an opportunity to
review the terms of the Agreement with legal counsel. 
 (i)    Compliance with Code
Section 409A. This Agreement is intended, and shall be construed and interpreted, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and, if necessary, any provision
shall be held null and void to the extent such provision (or part thereof) fails to comply with Code Section 409A. For purposes of Code Section 409A, each payment of compensation under this Agreement shall be treated as a separate payment
of compensation. Any amounts payable solely on account of an involuntary termination shall be excludible from the requirements of Code Section 409A, either as separation pay or as short-term deferrals to the maximum possible extent. Any
reference to the Executive’s “termination” or “termination of employment” shall mean the Executive’s “separation from service” as defined in Code Section 409A from the Company and all entities with whom
the Company would be treated as a single employer for purposes of Code Section 409A. Notwithstanding anything to the contrary in this Agreement, if the Company determines (i) that on the date the Executive’s employment with the
Company terminates or at such other time that the Company determines to be relevant, the Executive is a “specified Executive” (as such term is defined under Treasury Regulation 1.409A-1(i)(1)) of the
Company and (ii) that any payments to be provided to the Executive pursuant to this Agreement are or may become subject to the additional tax under Section 409A(a)(1)(B) of the Code or any other taxes or penalties imposed under
Section 409A of the Code if provided at the time otherwise required under this Agreement, then such payments shall be delayed until the date that is six (6) months after the date of the Executive’s “separation from service”
(as such term is defined under Treasury Regulation 1.409A-1(h)) with the Company, or, if earlier, the date of the Executive’s death. Any payments delayed pursuant to this Section shall be made in a lump
sum on the first day of the seventh (7th) month following the Executive’s “separation from service” (as such term is defined under Treasury Regulation 1.409A-1(h)), or, if earlier,

 
the date of the Executive’s death. Nothing herein shall be construed as a guarantee of any particular tax treatment to Executive and the Company shall have no liability to the Executive with
respect to any penalties that might be imposed on the Executive by Code Section 409A for any failure of this Agreement or otherwise. 

(j)    Attorneys’ Fees. In any action or proceeding (including any appeals) brought to enforce any provision
of this Agreement, the prevailing party will be entitled to reasonable attorneys’ fees and costs. 
 [Signature Page Follows] 

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

			
	RED VIOLET, INC.

 
			
		
	By:	 	 /s/ James Reilly

 
			
	Name:	 	James Reilly
	Title:	 	President
	
	EXECUTIVE
	
	 /s/ Derek Dubner

Derek Dubner

 EXHIBIT A 
  

	 	1.	Effective Date: March 26, 2018 

  

	 	2.	Executive Name: Derek Dubner 

  

	 	3.	Position: Chief Executive Officer 

  

	 	4.	Duties: As determined by the Board 

  

	 	5.	Location of Employment: Boca Raton, Florida 

  

	 	6.	Term: Commencing on the Effective Date and ending March 26, 2021 (the “Term Expiration Date”); provided, that, upon the Term Expiration Date this Agreement shall automatically
renew for successive one (1) year terms, unless either party provides written notice to the other no less than one hundred twenty (120) days prior to the commencement of each such renewal term setting forth a desire to terminate this
Agreement. Termination of this Agreement will not affect the rights or obligations of the parties hereunder arising out of, or relating to, circumstances occurring prior to the expiration of this Agreement, which rights and obligations will survive
the termination of this Agreement and the termination of the Executive’s employment with the Company. 

 Base Salary: $331,748 per
annum

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