Document:

EX-10.35

 Exhibit 10.35 
 THIS WARRANT AND ANY SECURITIES ACQUIRED UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAW OF ANY STATE AND MAY NOT BE SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION TO THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. THIS
WARRANT AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE WITH THE CONDITIONS SPECIFIED IN THIS WARRANT. 
 AssuranceAmerica Corporation 
 COMMON SHARE PURCHASE WARRANT 

 

					
	No. W-1	  		  	December 30, 2011

 Warrant to Purchase 11,629,000 Common Shares 

AssuranceAmerica Corporation, a Nevada corporation (the “Company”), for value received, hereby certifies
that Guy W. Millner and Virginia W. Millner, individuals, or their registered assigns (the “Holder”), is entitled to purchase from the Company 11,629,000 shares of duly authorized, validly issued, fully paid and nonassessable common
shares, $0.01 par value, of the Company (the “Common Shares”), at a purchase price equal to the Purchase Price (this “Warrant”), at any time or from time to time but prior to 5:00 P.M., New York City time, on
December 30, 2015 (the “Expiration Date”), all subject to the terms, conditions and adjustments set forth below in this Warrant. 
 1.     DEFINITIONS. As used herein, unless the context otherwise requires, the following terms shall have the meanings indicated: 

“BUSINESS DAY” shall mean any day other than a Saturday or a Sunday or any day on which national banks are
authorized or required by law to close. Any reference to “days” (unless Business Days are specified) shall mean calendar days. 
 “COMMON SHARES” shall have the meaning assigned to it in the introduction to this Warrant, such term to include any stock into which such Common Shares shall have been changed or any stock
resulting from any reclassification of such Common Shares, and all other stock of any class or classes (however designated) of the Company the holders of which have the right, without limitation as to amount, either to all or to a share of the
balance of current dividends and liquidating dividends after the payment of dividends and distributions on any shares entitled to preference. 
 “COMPANY” shall have the meaning assigned to it in the introduction to this Warrant. 
 “EXCHANGE ACT” shall mean the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations thereunder, or any successor statute. 

“EXPIRATION DATE” shall have the meaning assigned to it in the introduction to this Warrant. 

“HOLDER” shall have the meaning assigned to it in the introduction to this Warrant. 

“INITIAL HOLDER” shall mean Guy W. Millner and Virginia W. Millner. 

“NASD” shall mean the National Association of Securities Dealers, Inc. 

“OTHER SECURITIES” shall mean any stock (other than Common Shares) and other securities of the Company or any
other Person (corporate or otherwise) which the holders of the Warrants at any time shall be 

 
entitled to receive, or shall have received, upon the exercise of the Warrants, in lieu of or in addition to Common Shares, or which at any time shall be issuable or shall have been issued in
exchange for or in replacement of Common Shares or Other Securities pursuant to Section 3 or otherwise. 

“PERSON” shall mean any individual, firm, partnership, corporation, trust, joint venture, association, joint
stock company, limited liability company, unincorporated organization or any other entity or organization, including a government or agency or political subdivision thereof, and shall include any successor (by merger or otherwise) of such entity.

 “PURCHASE PRICE” shall mean $0.01 per share. 

“RESTRICTED SECURITIES” shall mean (i) any Warrants bearing the applicable legend set forth in
Section 7.1, (ii) any Common Shares (or Other Securities) issued or issuable upon the exercise of Warrants which are (or, upon issuance, will be) evidenced by a certificate or certificates bearing the applicable legend set forth in such
Section, and (iii) any Common Shares (or Other Securities) issued subsequent to the exercise of any of the Warrants as a dividend or other distribution with respect to, or resulting from a subdivision of the outstanding Common Shares (or other
Securities) into a greater number of shares by reclassification, stock splits or otherwise, or in exchange for or in replacement of the Common Shares (or Other Securities) issued upon such exercise, which are evidenced by a certificate or
certificates bearing the applicable legend set forth in such Section. 
 “SECURITIES ACT” shall mean
the Securities Act of 1933, as amended from time to time, and the rules and regulations thereunder, or any successor statute. 
 “WARRANT” shall have the meaning assigned to it in the introduction to this Warrant. 
 “WARRANT SHARES” means (a) the Common Shares issued or issuable upon exercise of this Warrant in accordance with Section 2, (b) all other securities or other property issued or
issuable upon any such exercise or exchange in accordance with this Warrant and (c) any securities of the Company distributed with respect to the securities referred to in the preceding clauses (a) and (b). 

2.     EXERCISE OF WARRANT. 

2.1.         MANNER OF EXERCISE; PAYMENT OF THE PURCHASE PRICE. 

(a)         This Warrant may be exercised by the Holder hereof, in whole or in
part, at any time or from time to time prior to the Expiration Date, by surrendering to the Company at its principal office this Warrant, with a completed Election to Purchase Shares in the form attached hereto as Exhibit A (or a reasonable
facsimile thereof) duly executed by the Holder and accompanied by payment of the Purchase Price for the number of Common Shares specified in such form (the “Aggregate Purchase Price”). Any partial exercise of this Warrant shall be
for a whole number of Warrant Shares only. 
 (b)         Payment of the
Aggregate Purchase Price may be made in United States currency by cash or delivery of a certified check or bank draft payable to the order of the Company or by wire transfer to the Company. 

2.2.         WHEN EXERCISE EFFECTIVE. Each exercise of this Warrant shall be
deemed to have been effected immediately prior to the close of business on the Business Day on which this Warrant shall have been surrendered to, and the Purchase Price shall have been received by, the Company as provided in Section 2.1, and,
to the extent permitted by law, at such time the Person or Persons in whose name or names any certificate or certificates for Common Shares (or Other Securities) shall be issuable upon such exercise as provided in Section 2.3 shall be deemed to
have become the holder or holders of record thereof for all purposes. 
 2.3.
        DELIVERY OF STOCK CERTIFICATES, ETC.; CHARGES, TAXES AND EXPENSES. 
 (a)         As soon as practicable after each exercise of this Warrant, in whole or in part, and in any 

  
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event within five Business Days thereafter, the Company shall cause to be issued in the name of and delivered to the Holder hereof or, subject to Section 7, as the Holder may direct,

 (i)         a certificate or certificates for the whole number of
Common Shares (or Other Securities) to which the Holder shall be entitled upon such exercise, and 
 (ii)
        in case such exercise is for less than all of the Common Shares purchasable under this Warrant, a new Warrant or Warrants of like tenor, for the balance of the Common Shares purchasable hereunder.

 (b)         Issuance of certificates for Common Shares upon the
exercise of this Warrant shall be made without charge to the Initial Holder hereof for any issue or transfer tax or other incidental expense, in respect of the issuance of such certificates, all of which such taxes and expenses shall be paid by the
Company; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax that may be payable in respect of any issuance of any Warrant or any certificate for, or any other evidence of ownership of, Warrant Shares in a name other than that
of the Initial Holder of this Warrant being exercised or exchanged. 
 2.4.
        TAX BASIS. The Company and the Holder shall mutually agree as to the tax basis of this Warrant as of the date of issuance of this Warrant, for purposes of the Internal Revenue Code of 1986, as amended,
and the treatment of this Warrant under such Code by each of the Company and the Holder shall be consistent with such agreement. 
 2.5.         ADJUSTMENTS FOR COMBINATIONS, ETC. In case the outstanding Common Shares shall be combined or consolidated, by reclassification or otherwise, into a
lesser number of Common Shares, the Purchase Price in effect immediately prior to such combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be proportionately decreased. 

3.     CONSOLIDATION, MERGER, ETC. 

3.1.         ADJUSTMENTS FOR CONSOLIDATION, MERGER, SALE OF
ASSETS,REORGANIZATION, ETC. In case the Company after the date hereof (a) shall consolidate with or merge into any other Person and shall not be the continuing or surviving corporation of such consolidation or merger, or (b) shall permit
any other Person to consolidate with or merge into the Company and the Company shall be the continuing or surviving Person but, in connection with such consolidation or merger, the Common Shares shall be changed into or exchanged for stock or other
securities of any other Person or cash or any other property, or (c) shall transfer all or substantially all of its properties or assets to any other Person, or (d) shall effect a capital reorganization or reclassification of the Common
Shares, then, and in the case of each such transaction, the Holder of this Warrant shall be entitled to receive at and upon consummation of such transaction (but only upon payment of the aggregate Purchase Price in effect at the time of such
consummation for all Common Shares issuable upon such exercise immediately prior to such consummation), the highest amount of securities, cash or other property to which such Holder would actually have been entitled as a shareholder upon such
consummation if such Holder had exercised this Warrant immediately prior thereto; PROVIDED that if a purchase, tender or exchange offer shall have been made to and accepted by the holders of more than 50% of the outstanding Common Shares, and if the
Holder so designates in a notice given to the Company on or before the date immediately preceding the date of the consummation of such transaction, the Holder of this Warrant shall be entitled to receive at and upon consummation of such purchase,
tender or exchange offer (but only upon payment of the aggregate Purchase Price in effect at the time of expiration of such purchase, tender or exchange offer) the highest amount of securities, cash or other property to which it would actually have
been entitled as a shareholder if the Holder of this Warrant had exercised this Warrant prior to the expiration of such purchase, tender or exchange offer and accepted such offer. 

  
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 4.         NO DILUTION OR
IMPAIRMENT. The Company shall not, by amendment of its certificate of incorporation or through any consolidation, merger, reorganization, transfer of assets, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the
rights of the Holder of this Warrant against dilution or other impairment. Without limiting the generality of the foregoing, the Company (a) shall not permit the par value of any shares of stock receivable upon the exercise of this Warrant to
exceed the amount payable therefor upon such exercise, and (b) shall take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of stock, free from all
liens, security interests, encumbrances (in each of the foregoing cases, other than those imposed by the Holder), taxes, preemptive rights and charges on the exercise of the Warrants from time to time outstanding. 

5.         NOTICES OF CORPORATE ACTION. In the event of (a) any capital
reorganization of the Company, any reclassification or recapitalization of the capital stock of the Company, any consolidation or merger involving the Company and any other Person, any transaction or series of transactions in which more than 50% of
the voting securities of the Company are transferred to another Person, or any transfer, sale or other disposition of all or substantially all the assets of the Company to any other Person, or (b) any voluntary or involuntary dissolution,
liquidation or winding-up of the Company, the Company shall mail to each holder of a Warrant a notice specifying the date or expected date on which any such reorganization, reclassification, recapitalization, consolidation, merger, transfer, sale,
disposition, dissolution, liquidation or winding-up is to take place and the time, if any such time is to be fixed, as of which the holders of record of Common Shares shall be entitled to exchange their Common Shares for the securities or other
property deliverable upon such reorganization, reclassification, recapitalization, consolidation, merger, transfer, dissolution, liquidation or winding-up. Such notice shall be mailed at least 20 days prior to the date therein specified. 

6.         REGISTRATION OF COMMON SHARES. If any Common Shares required to be
reserved for purposes of exercise of this Warrant require registration with or approval of any governmental authority under any federal or state law (other than the Securities Act) before such shares may be issued upon exercise, the Company shall,
at its expense and as expeditiously as possible, use its best efforts to cause such shares to be duly registered or approved; as the case may be; PROVIDED, that the Company shall not be obligated to make any filing in any particular jurisdiction in
which the Company would be required to execute a general consent to service of process in order to effect such registration or approval unless the Company is already subject to service in such jurisdiction in the reasonable opinion of the
Company’s counsel. At any such time as Common Shares is listed on any national securities exchange, the Company shall, at its expense, obtain promptly and maintain the approval for listing on each such exchange, upon official notice of
issuance, the Common Shares issuable upon exercise of the then outstanding Warrants and maintain the listing of such shares after their issuance; and the Company shall also list on such national securities exchange, shall register under the Exchange
Act and shall maintain such listing of, any Other Securities that at any time are issuable upon exercise of the Warrants, if and at the time that any securities of the same class shall be listed on such national securities exchange by the Company.

 7.         RESTRICTIONS ON TRANSFER. 

7.1.         RESTRICTIVE LEGENDS. Except as otherwise permitted by this Section 7, each
Warrant (including each Warrant issued upon the transfer of any Warrant) shall be stamped or otherwise imprinted with a legend in substantially the following form: 

“THIS WARRANT AND ANY SECURITIES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAW OF ANY STATE, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT
TO AN APPLICABLE EXEMPTION TO THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE WITH THE CONDITIONS SPECIFIED IN THIS WARRANT.

  
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 Except as otherwise permitted by this Section 7, each certificate for Common Shares (or
Other Securities) issued upon the exercise of any Warrant, and each certificate issued upon the transfer of any such Common Shares (or Other Securities), shall be stamped or otherwise imprinted with a legend in substantially the following form:

 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR THE SECURITIES LAW OF ANY STATE, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE
EXEMPTION TO THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE WITH THE CONDITIONS SPECIFIED IN THE AMENDED AND RESTATED COMMON SHARE PURCHASE WARRANT
ISSUED BY FRONTSTEP, INC., A COMPLETE AND CORRECT COPY OF EACH OF WHICH IS AVAILABLE FOR INSPECTION AT THE COMPANY’S PRINCIPAL OFFICE AND WILL BE FURNISHED TO THE HOLDER OF SUCH SECURITIES UPON WRITTEN REQUEST AND WITHOUT CHARGE.”

 7.2.         TRANSFER TO COMPLY WITH THE SECURITIES ACT. Restricted
Securities may not be sold, assigned, pledged, hypothecated, encumbered or in any manner transferred or disposed of (a “Transfer”), in whole or in part, except in compliance with the provisions of the Securities Act and state
securities or Blue Sky laws and the terms and conditions hereof. 
 7.3.
        NOTICE OF TRANSFER. Each Holder shall, prior to any Transfer of any Warrants, give written notice to the Company of such Holder’s intention to Transfer. 

7.4.         TERMINATION OF RESTRICTIONS. The restrictions imposed by this
Section 7 on the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities (a) when a registration statement with respect to the sale of such securities shall have been declared effective
under the Securities Act and such securities shall have been disposed of in accordance with such registration statement and applicable state securities and blue sky laws, (b) when such securities are sold pursuant to Rule 144 (or any similar
provision then in force) under the Securities Act and applicable state securities and blue sky laws, or (c) when, in the reasonable opinion of both counsel for the Holder and counsel for the Company, such restrictions are no longer required or
necessary in order to protect the Company against a violation of the Securities Act or applicable state securities and blue sky laws upon any sale or other disposition of such securities without registration thereunder. Whenever such restrictions
shall cease and terminate as to any Restricted Securities, the Holder shall be entitled to receive from the Company, without expense, new securities of like tenor not bearing the applicable legends required by Section 7.1. 

7.5.         EXEMPT TRANSFERS. The restrictions on the transfer of this Warrant
or the Warrant Shares set forth in this Section 7 shall not apply to any transfer made in compliance with applicable state and federal securities laws. 
 8.     RESERVATION OF STOCK, ETC. The Company shall at all times reserve and keep available, solely for issuance and delivery upon exercise of this Warrant, the number of Common Shares
from time to time issuable upon exercise of this Warrant. All Common Shares issuable upon exercise of any Warrant shall be duly authorized and, when issued upon such exercise, shall be validly issued and, in the case of shares, fully paid and
nonassessable, with no liability on the part of the holders thereof, and, in the case of all securities, shall be free from all liens, security interests, encumbrances (in each of the foregoing cases, other than those imposed by the Holder), taxes,
preemptive rights and charges. The transfer agent for the Common Shares, and every subsequent Transfer Agent for any shares of the Company’s capital stock issuable upon the exercise of any of the purchase rights represented by this Warrant, are
hereby irrevocably authorized and directed at all times until the Expiration Date to reserve such number of authorized and unissued shares as shall be requisite for such purpose. The Company shall keep copies of this Warrant on file with the
Transfer Agent for the Common Shares and with every subsequent Transfer Agent for any shares of the Company’s capital stock issuable upon the exercise of the rights of purchase represented by this Warrant. The Company shall supply such Transfer
Agent with duly executed stock certificates 

  
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for such purpose. All Warrant Certificates surrendered upon the exercise of the rights thereby evidenced shall be canceled, and such canceled Warrants shall constitute sufficient evidence of the
number of shares of stock which have been issued upon the exercise of such Warrants. Subsequent to the Expiration Date, no shares of stock need be reserved in respect of any unexercised Warrant. 

9.     REGISTRATION AND TRANSFER OF WARRANTS, ETC. 

9.1.         WARRANT REGISTER; OWNERSHIP OF WARRANTS. Each Warrant issued by the
Company shall be numbered and shall be registered in a warrant register (the “Warrant Register”) as it is issued and transferred, which Warrant Register shall be maintained by the Company at its principal office or, at the
Company’s election and expense, by a Warrant Agent or the Transfer Agent. The Company shall be entitled to treat the registered Holder of any Warrant on the Warrant Register as the owner in fact thereof for all purposes and shall not be bound
to recognize any equitable or other claim to or interest in such Warrant on the part of any other Person, and shall not be affected by any notice to the contrary, except that, if and when any Warrant is properly assigned in blank, the Company may
(but shall not be obligated to) treat the bearer thereof as the owner of such Warrant for all purposes. Subject to Section 7, a Warrant, if properly assigned, may be exercised by a new holder without a new Warrant first having been issued.

 9.2.         TRANSFER OF WARRANTS. Subject to compliance with
Section 7, if applicable, this Warrant and all rights hereunder are transferable in whole or in part, without charge to the Holder hereof, upon surrender of this Warrant with a properly executed Form of Assignment attached hereto as Exhibit B
at the principal office of the Company. Upon any partial transfer, the Company shall at its expense issue and deliver to the Holder a new Warrant of like tenor, in the name of the Holder, which shall be exercisable for such number of Common Shares
with respect to which rights under this Warrant were not so transferred. Prior to effecting any transfer of this Warrant or any part hereof, each prospective transferee shall represent in writing to the Company that: 

                (i)
        such transferee is acquiring the Warrant hereunder for its own account, without a view to the distribution thereof; 

                (ii)
        such transferee is an “accredited investor” within the meaning of Regulation D under the Securities Act and was not organized for the specific purpose of acquiring the Warrant or the Warrant
Shares; 

                (iii)
        such transferee has sufficient knowledge and experience in investing in companies similar to the Company so as to be able to evaluate the risks and merits of its investment in the transferee and is
able financially to bear the risks thereof; and 

                (iv)
        if applicable, such transferee understands that (i) this Warrant and the Warrant Shares have not been registered under the Securities Act in reliance upon an exemption from the registration
requirements of the Securities Act pursuant to Section 4(2) thereof or Rule 506 promulgated under such act and under applicable state securities laws, (ii) this Warrant and the Warrant Shares must be held indefinitely unless a subsequent
disposition thereof is registered under the Securities Act and under applicable state securities laws or is exempt from such registration, (iii) this Warrant and the Warrant Shares will bear a legend to such effect, and (iv) the Company
will make a notation on its transfer books to such effect. 
 9.3.
        REPLACEMENT OF WARRANTS. On receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss,
theft or destruction of this Warrant, on delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender of such Warrant to the Company at its principal office and
cancellation thereof, the Company at its expense shall execute and deliver, in lieu thereof, a new Warrant of like tenor. 
 10.     REMEDIES; SPECIFIC PERFORMANCE. The Company stipulates that there would be no adequate remedy at law to the Holder of this Warrant in the event of any default or threatened
default by the Company in the performance of or compliance with any of the terms of this Warrant and accordingly, the Company agrees that, in addition to any other remedy to which the Holder may be entitled at law or in equity, the Holder shall

  
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be entitled to seek to compel specific performance of the obligations of the Company under this Warrant, without the posting of any bond, in accordance with the terms and conditions of this
Warrant in any court of the United States or any State thereof having jurisdiction, and if any action should be brought in equity to enforce any of the provisions of this Warrant, the Company shall not raise the defense that there is an adequate
remedy at law. Except as otherwise provided by law, a delay or omission by the Holder hereto in exercising any right or remedy accruing upon any such breach shall not impair the right or remedy or constitute a waiver of or acquiescence in any such
breach. No remedy shall be exclusive of any other remedy. All available remedies shall be cumulative. 
 11.
    NO RIGHTS OR LIABILITIES AS SHAREHOLDER. Nothing contained in this Warrant shall be construed as conferring upon the Holder hereof any rights as a shareholder of the Company or as imposing any obligation on the Holder to
purchase any securities or as imposing any liabilities on the Holder as a shareholder of the Company, whether such obligation or liabilities are asserted by the Company or by creditors of the Company. 

12.     NOTICES. All notices and other communications (and deliveries) provided for or permitted
hereunder shall be made in writing by hand delivery, telecopier, any nationally-recognized courier guaranteeing overnight delivery or first class registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

  

			
	 If to the Company:
	  	        AssuranceAmerica Corporation
		  	        5500 Interstate North Parkway
		  	        Suite 600
		  	        Atlanta, Ga. 30328
		
	 If to Holder:
	  	        Guy W. Millner and Virginia W. Millner
		  	        5500 Interstate North Parkway
		  	        Suite 600
		  	        Atlanta, Ga. 30328

 All such notices and communications (and deliveries) shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; when receipt is acknowledged, if telecopied; on the next Business Day, if timely delivered to a courier guaranteeing overnight delivery; and five days after being deposited in the mail, if sent first class
or certified mail, return receipt requested, postage prepaid; PROVIDED, that the exercise of any Warrant shall be effective in the manner provided in Section 2. 

13.     AMENDMENTS. This Warrant and any term hereof may not be amended, modified, supplemented or
terminated, and waivers or consents to departures from the provisions hereof may not be given, except by written instrument duly executed by the party against which enforcement of such amendment, modification, supplement, termination or consent to
departure is sought. 
 14.     DESCRIPTIVE HEADINGS, ETC. The headings in this Warrant are
for convenience of reference only and shall not limit or otherwise affect the meaning of terms contained herein. Unless the context of this Warrant otherwise requires: (1) words of any gender shall be deemed to include each other gender;
(2) words using the singular or plural number shall also include the plural or singular number, respectively; (3) the words “hereof”, “herein” and “hereunder” and words of similar import when used in this
Warrant shall refer to this Warrant as a whole and not to any particular provision of this Warrant, and Section and paragraph references are to the Sections and paragraphs of this Warrant unless otherwise specified; (4) the word
“including” and words of similar import when used in this Warrant shall mean “including, without limitation,” unless otherwise specified; (5) “or” is not exclusive; and (6) provisions apply to successive
events and transactions. 
 15.     GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the law of the State of Nevada. 
 16.     EXPIRATION. The
right to exercise this Warrant shall expire at 5:00 p.m., New York City time, on December 30, 2015. 

  
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 17.     COSTS AND ATTORNEYS’ FEES. In the event
that any action, suit or other proceeding is instituted concerning or arising out of this Warrant, the Company agrees and the Holder, by taking and holding this Warrant agrees, that the prevailing party shall recover from the non-prevailing party
all of such prevailing party’s costs and reasonable attorneys’ fees incurred in each and every such action, suit or other proceeding, including any and all appeals or petitions therefrom. 

18.     This Warrant shall not be exercisable and shall be of no further effect if the Issuer sells
all or substantially all of its assets in a transaction closed on or before June 30, 2012. 
  

					
	AssuranceAmerica Corporation
		
	By:	 	    /s/ [ILLEGIBLE]
		 	Name:	 	 

 
					
		 	Title:	 	EVP

  
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 EXHIBIT A to COMMON SHARES PURCHASE WARRANT 

FORM OF ELECTION TO PURCHASE SHARES 
 The undersigned hereby irrevocably elects to exercise the Warrant to purchase          common shares, no par value (“Common Shares”), of
[ISSUER] and hereby makes payment of $                 therefor. The undersigned hereby requests that certificates for such shares be issued and delivered as
follows: 
  

							
	 ISSUE TO:
	 		  		  	
				
		 		  	 	  	
		 		  	(NAME)	  	
				
		 		  	 	  	
		 		  	(ADDRESS, INCLUDING ZIP CODE)	  	
				
		 		  	 	  	
		 		  	(SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER)	  	
		 		  		  	
	 DELIVER TO:
	 		  		  	
		 		  	 	  	
		 		  	(NAME)	  	
				
		 		  	 	  	
		 		  	(ADDRESS, INCLUDING ZIP CODE)	  	

 If the number of Common Shares purchased (and/or reduced) hereby is less than the number
of Common Shares covered by the Warrant, the undersigned requests that a new Warrant representing the number of Common Shares not so purchased (or reduced) be issued and delivered as follows: 

  
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	 ISSUE TO:
	  		  		  	
		  		  	 	  	
		  		  	(NAME OF HOLDER)	  	
				
		  		  	 	  	
		  		  	(ADDRESS, INCLUDING ZIP CODE)	  	
		  		  		  	
	 DELIVER TO:
	  		  		  	
		  		  	 	  	
		  		  	(NAME OF HOLDER)	  	
				
		  		  	 	  	
		  		  	(ADDRESS, INCLUDING ZIP CODE)	  	

 Dated:
                    , 20     

 

					
	[NAME OF HOLDER]
		
	By:	 	 
		 	Name:	 	 

 
					
		 	Title:	 	 

  
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 EXHIBIT B to COMMON SHARES PURCHASE WARRANT 

FORM OF ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto the Assignee named below all of the rights of the undersigned to purchase Common Shares, no par value (“Common
Shares”) of [ISSUER] represented by the Warrant, with respect to the number of Common Shares set forth below: 
 NAME OF ASSIGNEE
                 ADDRESS                  NO. OF SHARES 

and does hereby irrevocably constitute and appoint             
Attorney to make such transfer on the books of maintained for that purpose, with full power of substitution in the premises. 
 Dated:
                    , 20    
                                         
                            NAME OF HOLDER 

 

					
	By:	 	 
		 	Name:	 	 

 
					
		 	Title:	 	 

  
 11EX-10.36

 Exhibit 10.36 
 PLEDGE AGREEMENT 
 THIS PLEDGE AGREEMENT
(this “Agreement”) is made effective as of the 30th day of December, 2011, by and between ASSURANCEAMERICA CORPORATION, a Nevada corporation (the “Pledgor”) and GUY W. MILLNER (the “Miliner”). Unless
otherwise defined herein or if the context clearly requires to the contrary, any capitalized term used herein but not defined shall have the meaning ascribed to such term in that certain Secured Promissory Note dated as of even date herewith among
Millner and Pledgor, (as amended from time to time, the “Note”). 
 In consideration of the mutual
covenants and agreements contained in this Agreement and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, Pledgor hereby agrees with Millner as follows: 

SECTION 1.     Pledge, As collateral security for payment in full of the Note, Pledgor hereby
pledges, hypothecates, collaterally assigns and delivers unto Millner, and grants to Millner a lien on, upon, and in all of the following: (a) the securities, investment properties and general intangibles listed on Exhibit A attached hereto,
the proceeds thereof and any earnings thereon, and (b) any cash, options, instruments, shares or securities, dividends, distributions, rights or other property at any time and from time to time receivable or otherwise distributable in respect
of, in exchange for, or in substitution of, any and all such securities described in clause (a), together with the proceeds thereof (all of the foregoing being hereinafter collectively called the “Pledged Collateral”). Upon the execution
hereof, (i) any securities, investment properties and general intangibles now or hereafter included in the Pledged Collateral (hereinafter called the “Pledged Securities”) shall be accompanied by duly executed transfer powers, as
applicable, in blank and by such other instruments or documents as Millner or its counsel may reasonably request, and (ii) all other property comprising part of the Pledged Collateral shall be delivered to Millner and accompanied by proper
instruments of assignment duly executed by Pledgor and by such other instruments or documents as Millner or his counsel may reasonably request. At any time after an Event of Default, Millner, at his option, may have any and all Pledged Securities
registered in his name or that of his nominee, and Pledgor hereby covenants that, upon Millner’s request, Pledgor will cause the issuer of the Pledged Securities to effect such registration. Each schedule so delivered shall supersede any prior
schedules so delivered. 
 TO HAVE AND TO HOLD the Pledged Collateral, together with all rights, titles,
interests, powers, privileges and references pertaining or incidental thereto, unto Millner, his successors and assigns, forever, subject, however, to the terms, covenants and conditions hereinafter set forth. 

SECTION 2.     Obligations Secured. This Agreement is made, and the security interest created
hereby is granted to Millner, to secure payment and performance in full of the Note. 
 SECTION
3.     Representations and Warranties. Pledgor hereby represents and warrants that, except for the lien granted to Millner, Pledgor is the legal and equitable owner of the Pledged Collateral, holds the same free and clear
of all liens, and will make no voluntary assignment, pledge, mortgage, hypothecation or transfer of the Pledged Collateral during the term of this Agreement; that Pledgor has good right and legal authority to pledge the Pledged Collateral in the
manner hereby done or contemplated and will defend its title thereto against the claims of all persons whomsoever and that no consent or approval of any Governmental Authority, or of any securities exchange, was or is necessary to the validity of
such pledge which has not been obtained; and that the pledge of the Pledged Collateral is effective to vest in Millner the rights of Pledgor in the Pledged Collateral as set forth herein. 

 SECTION 4.     No Options or Rights. Pledgor
agrees that, until the Note has been satisfied in full, no options or rights in respect of the Pledged Collateral shall be granted by Pledgor without the prior approval of Millner. 

SECTION 5.     Voting Rights; Distributions; Etc. 

(a)         So long as no Event of Default shall have occurred: 

(i)         Pledgor shall be entitled to exercise any and all
voting and/or consensual rights and powers accruing to an owner of the Pledged Securities or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided, however, that Pledgor shall not exercise, or
refrain from exercising, any such right or power if any such action would have a material adverse effect on the value of such Pledged Securities or any part thereof or on the rights and interests of Millner hereunder with respect to the Pledged
Securities; 
 (ii)         Pledgor shall be entitled to
retain and use any and all cash distributions paid on Pledged Securities, but any and all stock and/or liquidating distributions, other distributions in property, return of capital or other distributions made on or in respect of Pledged Securities,
whether resulting from a subdivision, combination or reclassification of outstanding capital stock of any corporation the capital stock of which is pledged hereunder or received in exchange for Pledged Securities or any part thereof or as a result
of any merger, consolidation, acquisition or other exchange of assets or on the liquidation, whether voluntary or involuntary, of any issuer of the Pledged Securities, or otherwise, shall be and become part of the Pledged Collateral pledged
hereunder and, if received by Pledgor, shall forthwith be delivered to Millner to be held as collateral subject to the terms of this Agreement; and 

(iii)         Millner shall execute and deliver to Pledgor, or
cause to be executed and delivered to Pledgor, as appropriate, all such proxies, powers of attorney, distribution orders and other instruments as Pledgor may reasonably request for the purpose of enabling Pledgor to exercise the voting and/or
consensual rights and powers which Pledgor is entitled to exercise pursuant to Subparagraph (a)(i) above and/or to receive the distributions which Pledgor is authorized to retain pursuant to Subparagraph (a)(ii) above. 

(b)         Upon (i) the occurrence and during the continuance of an Event
of Default and (ii) five (5) days prior written notice to the Pledgor, all rights of Pledgor to exercise the voting and/or consensual rights and powers which Pledgor is entitled to exercise pursuant to Subparagraph (a)(i) above and/or to
receive the distributions which Pledgor is authorized to receive and retain pursuant to Subparagraph (a)(ii) above shall cease, and all such rights thereupon shall become vested in Millner, which shall have the sole and exclusive right and authority
to exercise such voting and/or consensual rights and powers which Pledgor shall otherwise be entitled to exercise pursuant to Subparagraph (a)(i) above and/or to receive and retain the distributions which Pledgor shall otherwise be authorized to
retain pursuant to Subparagraph (a)(ii) above. Any and all money and other property paid over to or received by Millner pursuant to the provisions of this Paragraph (b) shall be retained by Millner as additional collateral hereunder and shall
be applied in accordance with the provisions of Section 9 hereof. 
 SECTION 6.    
Remedies upon Default. If an Event of Default shall have occurred, Millner may continue to hold the Pledged Collateral for his own account and may, with prior notice to Pledgor, sell, assign, transfer, endorse and deliver the whole or, from
time to time, any part of the Pledged Collateral at public or private sale or on any securities exchange, for cash, upon credit or for other property, for immediate or future delivery, and for such price or prices and on such terms as Millner, in
his sole discretion, shall deem appropriate. Millner shall be authorized at any sale (if he deems it advisable to do 

  
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so) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Pledged Collateral for their own account in compliance with the
Securities Act of 1933, as amended, and upon consummation of any such sale, Millner shall have the right to assign, transfer, endorse and deliver to the purchaser or purchasers thereof the Pledged Collateral so sold. Each such purchaser at any such
sale shall hold the property sold absolutely free from any claim or right on the part of Pledgor, and Pledgor hereby waives (to the extent permitted by law) all rights of redemption, stay and/or appraisal which Pledgor now has or may at any time in
the future have under any rule of law or statute now existing or hereafter enacted. Millner shall give Pledgor ten (10) days’ written notice (which Pledgor agrees is reasonable notification within the meaning of Section 9-504(3) of
the Uniform Commercial Code) of Millner’s intention to make any such sale. Such notice, in case of public sale, shall state the time and place for such sale, and, in the case of sale on a securities exchange, shall state the exchange at which
such sale is to be made and the day on which the Pledged Collateral, or portion thereof, will first be offered for sale at such exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or
places at the Millner may fix and shall state in the notice or publication (if any) of such sale. At any such sale, the Pledged Collateral, or portion thereof to be sold, may be sold in one lot as an entirety or in separate parcels, as Millner may
(in his sole and absolute discretion) determine. Millner shall not be obligated to make any sale of the Pledged Collateral if he shall determine not to do so, regardless of the fact that notice of sale of the Pledged Collateral may have been given.
Millner may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time
and place to which the same was so adjourned. In case sale of all or any part of the Pledged Collateral is made on credit or for future delivery, the Pledged Collateral so sold may be retained by Millner until the sale price is paid by the purchaser
or purchasers thereof, but Millner shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Pledged Collateral so sold and, in case of any such failure, such Pledged Collateral may be sold again
upon like notice. At any public sale made pursuant to this Agreement, Millner may bid for or purchase, free from any right of redemption, stay and/or appraisal on the part of Pledgor (all said rights being also hereby waived and released to the
extent permitted by law), any part of or all the Pledged Collateral offered for sale and may make payment on account thereof by using any claim then due and payable to Millner from Pledgor as a credit against the purchase price, and Millner may, in
compliance with the terms of sale, hold, retain and dispose of such property without further accountability to Pledgor thereof. As an alternative to exercising the power of sale herein conferred upon him, Millner, at his option, may proceed by suit
or suits at law or in equity to foreclose this Agreement and sell the Pledged Collateral or any portion thereof pursuant to judgment or decree of a court or courts of competent jurisdiction. Any sale pursuant to this Section 6 shall conform to
commercially reasonable standards as provided in Section 9-504(3) of the Uniform Commercial Code. 

SECTION 7.     Millner Appointed Attorney-in-Fact. Pledgor constitutes and appoints Millner
the attorney-in-fact for Pledgor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument which Millner may deem necessary or advisable to accomplish the purposes hereof, which appointment
is irrevocable and coupled with an interest; provided, that Millner shall only exercise its power pursuant to this Section 7 if, and only if, an Event of Default has occurred and is continuing. Without limiting the generality of the foregoing,
Millner shall have the right, after the occurrence of an Event of Default, with full power of substitution, either in Millner’s name or in the name of Pledgor, to ask for, demand, sue for, collect, receive, receipt and give acquittance for any
and all moneys due or to become due under and by virtue of any Pledged Collateral, to endorse checks, drafts, orders and other instruments for the payment of money payable to Pledgor, representing any interest or dividend or other distribution
payable in respect of the Pledged Collateral or any part thereof or on account thereof, and to give full discharge for the same, to settle, compromise, prosecute, or defend any action, claim or proceeding with respect thereto, and to sell, assign,
endorse, pledge, transfer and make any agreement respecting, or otherwise deal with, the same; provided, however, that nothing herein 

  
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contained shall be construed as requiring or obligating Millner to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by it, or to present or file
any claim or notice, or to take any action with respect to the Pledged Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby, and no action taken by Millner or omitted to be taken with
respect to the Pledged Collateral or any part thereof shall give rise to any defense, counterclaim or offset in favor of Pledgor or to any claim or action against Millner. 

SECTION 8.     Application of Proceeds of Sale and Cash. The proceeds of any sale of the whole
or any part of the Pledged Collateral, together with any other moneys held by Millner under the provisions of this Agreement, shall be applied by Millner as follows: 

First: to the payment of all costs and expenses incurred by Millner in connection herewith,
including but not limited to, all court costs and the fees and disbursements of counsel for Millner in connection herewith, and to the repayment of all advances made by Millner hereunder for the account of Pledgor, and the payment of all costs and
expenses paid or incurred by Millner in connection with the exercise of any right or remedy hereunder; and 
 Second: to the payment in full of the Note. 
 Any amounts remaining after
such application shall be promptly remitted to Pledgor, Pledgor’s successors, legal representatives, or assigns, or as otherwise provided by law. Millner shall have absolute discretion as to the time of application of any proceeds in accordance
with this Agreement. 
 SECTION 9.     Specific Performance: Injunctive Relief.
Pledgor acknowledges that a breach of any of the provisions contained in this Agreement may cause irreparable injury to Millner; that Millner will have no adequate remedy at law with respect to such breach; and that, as a consequence, Pledgor’s
obligations hereunder shall be specifically enforceable against Pledgor and that Millner shall be entitled to injunctive relief as a remedy for such breach. 
 SECTION 10.     Additional Rights and Remedies. The rights and remedies provided in this Agreement and in all other agreements, instructions or documents delivered pursuant
hereto are cumulative and are in addition to any rights or remedies provided by law, including, without limitation, the rights and remedies of a secured party under the Uniform Commercial Code. 

SECTION 11.     Further Assurances. Pledgor covenants and agrees that at Pledgor’s cost
and expense, upon request of Millner, Pledgor shall duly execute and deliver, or cause to be duly executed and delivered, to Millner such further instruments and do and cause to be done such further acts as may be reasonably necessary or proper to
carry out more effectively the provisions and purposes of this Agreement. 
 SECTION 12.    
Indemnity. Pledgor hereby agrees to indemnify Millner and his agents, and attorneys (each, an “Indemnified Person”) against, and to hold Millner and all such other Indemnified Persons harmless from all losses resulting from any
representation or warranty made by Pledgor or on Pledgor’s behalf pursuant to this Agreement having been false when made, or resulting from Pledgor’s breach of any of the covenants set forth in this Agreement, which indemnification is in
addition to, and not in derogation of, any statutory, equitable, or common law right or remedy Millner may have for breach of representation, warranty, statement or covenant or otherwise; provided, however, Pledgor shall have no obligation hereunder
to any Indemnified Person with respect to any losses to the extent arising from the bad faith, gross negligence or willful misconduct of such Indemnified Person, as determined by a court of competent jurisdiction in a final, non-appealable judgment.
This agreement of indemnity shall be a continuing agreement and shall survive payment of the Note and termination of this Agreement. 

  
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 SECTION 13.     Enforcement and Waiver by
Millner. Millner shall have the right at all times to enforce the provisions of this Agreement in strict accordance with the terms hereof, notwithstanding any conduct or custom on the part of Millner in refraining from so doing at any time or
times. The failure of Millner at any time or times to enforce its rights under such provisions, strictly in accordance with the same, shall not be construed as having created a custom in any way or manner contrary to specific provisions of this
Agreement or as having in any way or manner modified or waived the same. All rights and remedies of Millner are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any other right or remedy.

 SECTION 14.     Expenses of Millner. Pledgor will, on demand, reimburse Millner
for all actual expenses incurred by Millner in connection with the preparation, administration, amendment, modification or enforcement of this Agreement and/or in the collection of any amounts owing from Pledgor or any other person or entity to
Millner under this Agreement and, until so paid, the amount of such expenses shall be added to and become part of the amount of the Note. 
 SECTION 15.     Attorneys’ Fees. If at any time or times hereafter Millner employs counsel to advise or provide other representation with respect to this Agreement or any
other agreement, document or instrument heretofore, now or hereafter executed by Pledgor and delivered to Millner with respect to the Note, or to commence, defend or intervene, file a petition, complaint, answer, motion or other pleadings or to take
any other action in or with respect to any suit or proceeding relating to this Agreement or any other agreement, instrument or document heretofore, now or hereafter executed by Pledgor and delivered to Millner with respect to the Note, or to
represent Millner in any litigation with respect to the affairs of Pledgor, or to enforce any rights of Millner or obligations of Pledgor or any other Person which may be obligated to Millner by virtue of this Agreement or any other agreement,
document or instrument heretofore, now or hereafter delivered to Millner by or for the benefit of Pledgor with respect to the Obligations, or to collect from Pledgor any amounts owing hereunder, then in any such event, all of the reasonable
attorneys’ fees actually incurred by Millner arising from such services and any actual expenses, costs and charges relating thereto shall constitute additional obligations of Pledgor payable on demand and, until so paid, shall be added to and
become part of the Note. 
 SECTION 16.     Notices. All notices and other
communications from either party to the other hereunder shall be given and deemed received when given in accordance with the terms of the Note and at the addresses specified in the Note. 

SECTION 17.     Governing Law. This Agreement shall be deemed a contract made under the laws
of the State of Georgia and shall be governed by and construed in accordance with the laws of the State of Georgia (excluding its conflict of laws provisions if such provisions would require application of the laws of another jurisdiction).

 SECTION 19.     BINDING ARBITRATION: PRESERVATION OF REMEDIES. 

(a)         Binding Arbitration. Upon demand of any party hereto, whether made
before or after institution of any judicial proceeding, any claim or controversy between parties hereto arising out of or relating to this Agreement shall be resolved by binding arbitration conducted under and governed by the Commercial Financial
Disputes Arbitration Rules (the “Arbitration Rules”) of the American Arbitration Association (the “AAA”) and the Federal Arbitration Act. Disputes may include, without limitation, tort claims, counterclaims, a dispute as to
whether a matter is subject to arbitration, claims brought as class actions, or claims arising from documents executed in the future. A judgment upon the award may be entered in any court having jurisdiction. 

  
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 (b)         Special Rules. All
arbitration hearings shall be conducted in the city named in the address of Millner first stated above. A hearing shall begin within 90 days of demand for arbitration and all hearings shall conclude within 120 days of demand for arbitration. These
time limitations may not be extended unless a party shows cause for extension and then for no more than a total of 60 days. The expedited procedures set forth in Rule 51 et seq. of the Arbitration Rules shall be applicable to claims of less than
$1,000,000.00. Arbitrators shall be licensed attorneys selected from the Commercial Financial Dispute Arbitration Panel of the AAA. The parties do not waive applicable Federal or state substantive law except as provided herein. 

(c)         Preservation and Limitation of Remedies. Notwithstanding the
preceding binding arbitration provisions, the parties agree to preserve, without diminution, certain remedies that any party may exercise before or after an arbitration proceeding is brought. The parties shall have the right to proceed in any court
of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable: (i) all rights to foreclose against any real or personal property or other security by exercising a power of sale or under applicable law by
judicial foreclosure including a proceeding to confirm the sale; (ii) all rights of self-help including peaceful occupation of real property and collection of rents, set-off, and peaceful possession of personal property; (iii) obtaining
provisional or ancillary remedies including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and filing an involuntary bankruptcy proceeding; and (iv) when applicable, a judgment by confession of judgment.

 (d)         Waiver of Jury Trial. THE PARTIES ACKNOWLEDGE THAT BY
AGREEING TO BINDING ARBITRATION THEY HAVE IRREVOCABLY WAIVED ANY RIGHT THEY MAY HAVE TO JURY TRIAL WITH REGARD TO A DISPUTE. 
 SECTION 19.     Binding Effect Assignment. This Agreement shall inure to the benefit of, and shall be binding upon, the respective successors and permitted assigns of the
parties hereto. Pledgor does not have any right to assign any of its rights or obligations hereunder without the prior written consent of Millner. 
 SECTION 20.     Entire Agreement, Amendments. This Agreement and the documents executed and delivered pursuant hereto, constitute the entire agreement between the parties, and
may be amended only by a writing signed on behalf of each party. 
 SECTION 21.    
Severability. If any provision of this Agreement shall be held invalid under any applicable laws, such invalidity shall not affect any other provision of this Agreement that can be given effect without the invalid provision, and, to this end,
the provisions hereof are severable 
 SECTION 22.     Headings. The section and
paragraph headings hereof are inserted for convenience of reference only, and shall not alter, define, or be used in construing the text of such sections and paragraphs. 

SECTION 23.     Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. 
 SECTION 24.     Seal. This Agreement is intended to take effect as an instrument under seal. 

SECTION 25.     Termination. Upon indefeasible payment in full of all the principal, interest
and fees due with respect to the Note, this Agreement shall terminate and Millner agrees to promptly return any and all stock or membership interest certificates in Millner’s possession, as applicable, to Pledgor. 

  
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 Upon termination of this Agreement in accordance with its terms, the Millner
agrees to take such actions as any Pledgor may reasonably request, and at the sole cost and expense of such Pledgor, to evidence the termination of this Agreement. 

SECTION 26.     Regulatory Approval. Notwithstanding anything in this agreement to the
contrary, Millner shall not sell any Pledged Collateral unless and until regulatory approval for such sale is obtained from the South Carolina Department of Insurance, if such approval is required. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Pledge
Agreement to be executed effective as of the date first above written. 
  
  

			
	ASSURANCEAMERICA CORPORATION
		
	By:	 	    /s/ [ILLEGIBLE]

 
			
	Name:	 	 

 
			
	Title:	 	 

  
  

			
	MILLNER
	
	 
	Name: Guy W. Millner

  
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 EXHIBIT A 
 PLEDGED SECURITIES 
 One hundred percent (100%) of (i) the
Membership Interests of each of the following (collectively, the “LLCs”): Trustway Insurance Agencies, LLC, a Delaware limited liability company and AssuranceAmerica Managing General Agency LLC, a Delaware limited liability company
(including but not limited to all rights of Pledgor as a member of the LLCs whether arising under applicable law or any agreement of the LLCs with Pledgor as a member of the LLCs, including but not limited to the Operating Agreement of the LLCs)and
9ii) one hundred per cent (100%) of the stock of AssuranceAmerica Insurance Company, and the proceeds thereof and any earnings thereon, and any cash, options, instruments, shares or securities, dividends, distributions, rights or other property
at any time and from time to time receivable or otherwise distributable in respect of, in exchange for, or in substitution of, any and all such securities, together with the proceeds thereof. 

  
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