Document:

Executive Employment Agreement

 Exhibit 10.2 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS AGREEMENT MADE AND
ENTERED INTO THIS 18th day of July, 2007 (the “Effective Date”), by and between BROOKE CREDIT CORPORATION,
a Delaware corporation (“Employer”), and Michael Lowry (“Employee”), is as follows: 
 SUBJECT MATTER OF EMPLOYMENT

 Employer has and does, hereby continue to employ Employee under this Executive Employment Agreement, to carry out the duties of the office of Chief
Executive Officer and President for Employer. Employee hereby accepts continuing employment by Employer, subject to the terms of this Executive Employment Agreement. 
 Employer and Employee agree that as of the Effective Date, Employee is an “executive officer” of Brooke Credit Corporation for purposes of the Securities Exchange Act of 1934, as amended. 
 The Employee’s title, responsibilities and job description may be periodically revised by Employer without requiring a written amendment to this Agreement.

 Employee shall report to Employer’s Board of Directors. Without requiring a written amendment to this Agreement, Employer has the right to change
Employee’s reporting relationship at any time and assign Employee to report to another individual. 
 COMPENSATION, BENEFITS AND
EXPENSE REIMBURSEMENT 
 Employer agrees to pay to Employee base salary at the annual rate of One Hundred Eighty-five Thousand and no/100 Dollars
($185,000). The reference to base salary at an annual rate in this Agreement shall not entitle Employee to payment of salary beyond any salary earned through Employee’s performance of services under this Agreement through the date of any
termination of Employee’s employment and/or this Agreement. The base salary will be reviewed periodically for adjustment by Employer, and, if adjusted, such adjusted amount will become the base salary for purposes of this Agreement. 

Employee shall be eligible to participate in any short-term or long-term bonus or incentive compensation plans, programs or arrangements as are designated by the
Employer at its sole discretion for participation by Employee. Employee will be advised of any terms and performance criteria relating to any such plans, programs or arrangements and any participation by Employee in any such plans, programs or
arrangements shall not require a written amendment to this Agreement. 
 Employer further agrees to provide an automobile to Employee for business use and
commuting provided that it is used in accordance with the policies established from time to time by Employer. Employee agrees that the automobile shall at all times remain the property of Employer or one of its affiliates and shall be returned to
Employer upon termination of this Agreement. 
 Employer further agrees to grant Employee certain other benefits as specified in the personnel policies
established from time to time by Employer and subject to the discretionary authority given to any applicable benefit plan administrators. Employer’s personnel policies may be changed from time to time by Employer without requiring a
written amendment to this Agreement. 
 Employer further agrees to reimburse Employee for reasonable expenses incurred while carrying out 

 
the duties assigned by Employer to Employee. Employee agrees to comply with Employer’s expense reimbursement policies. At Employer’s option,
Employee may be provided with a corporate credit card for use in connection with the payment of travel and other employment-related expenses incurred in the performance of Employee’s duties under this Agreement. Employee agrees to comply with
any policies of Employer applicable to corporate credit card use. Employer, at its sole discretion, shall have the right to terminate the credit card program or revoke Employee’s corporate credit card privileges at any time for any reason. Upon
any such termination of the program, revocation of privileges, or termination of Employee’s employment, Employee agrees to promptly return the corporate credit card to Employer. 
 ADDITIONAL OBLIGATIONS OF EMPLOYEE 
 Employee shall comply with the policies (including
Employer’s interpretations and clarifications thereof) established from time to time by Employer. 
 Employee agrees to be bound by the rules and
policies set forth in the Brooke Credit Corporation Employee Handbook as amended from time to time. Notwithstanding the foregoing, for any provision of this Executive Employment Agreement that is now or may become conflicted with the same or similar
provision in such Employee Handbook, the provision which provides Employer most protection and grants Employer the greatest rights shall govern. Employee further acknowledges that he has received, read, and signed all relevant forms attached to the
Employee Handbook. 
 During and subsequent to Employee’s employment under this Agreement, Employee shall respect the confidentiality of client file
information, franchise agent information, broker/producer information, lending and loan sales information, and employment file information owned or controlled by Employer, Employer’s affiliates, Employer’s sister companies, Brooke
Corporation, the franchise agents of Employer or any such affiliates, sister companies or Brooke Corporation, or the brokers/producers of Employer or any such affiliates, sister companies or Brooke Corporation (collectively such affiliates, sister
companies, Brooke Corporation, franchise agents and brokers/producers shall be referred to as “Employer Companies”). Employee shall not remove any listing of clients, policy expiration information, franchise agents, brokers/producers,
customer leads, contacts, lenders, purchasers of loans, or employees from premises or electronic databases owned or rented by Employer or any of the Employer Companies without the express written consent of Employer. Employee shall not sell or trade
any client, franchise agent, broker/producer, lead, contact, borrower, lender, loan purchaser, insurance company or employee information obtained as a result of (1) access to Employer’s or Employer Companies’ client file, agency file,
producer file, employment file, loan file, lender, loan purchaser or policy expiration information, or (2) business conducted by Employee for Employer or any of the Employer Companies. Employee agrees that all client file, agency file, producer
file, employment file, borrower, lender, loan purchaser, lead, contact, insurance company and policy expiration information, and all good will associated with, or generated by, such information remain the exclusive property of Employer or one or
more of the Employer Companies. 
 Except as Employer otherwise consents in advance in writing, Employee shall not disclose or make any use of, except for
the benefit of Employer, at any time either during or subsequent to Employee’s employment, any trade secrets, confidential information, knowledge, documentation, data, or other information of Employer or Employer Companies relating to products,
services, loans, processes, know-how, designs, clients, customer lists, customer leads or contacts, borrowers, lenders, 

  

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purchasers of loans, insurance companies, business plans, marketing plans, strategies, budgets, financial results, pricing information, projections,
acquisition or divestiture plans, agent lists and information, broker/producer lists and information, employee lists and information, personnel changes, databases, software, designs or any matter pertaining to any business of Employer, any of the
Employer Companies or any of their clients, which Employee produces, obtains or otherwise acquires during the course of Employee’s employment, except as herein provided. Employee agrees not to deliver, reproduce or in any way allow any such
trade secrets, confidential information, knowledge, data or other information, or any documentation relating thereto, to be delivered or used by any third parties without specific direction and consent of Employer. 
 In the event of Employee’s termination of employment with Employer for any reason whatsoever, Employee agrees to promptly surrender and deliver to Employer all
records, materials, equipment, documents and data of any nature, and stored or possessed in any form or manner, pertaining to any program or confidential information of Employer, any of the Employer Companies, or any of their clients, which Employee
produces or obtains during the course of his employment or otherwise. 
 TERMINATION OF EMPLOYMENT 
 The relationship between Employer and Employee is an employment at will and nothing in this Agreement shall eliminate, reduce or deter the right of either party to
terminate the employment relationship at any time for any reason. Termination of employment shall constitute termination of this Agreement unless the parties mutually agree in writing otherwise. 
 Any professional errors or omissions coverage provided by Employer for Employee shall cease upon termination of this Agreement. Any obligation by Employer to pay to
employee performance bonuses or other bonus or incentive compensation, if any, shall also cease upon termination of this Agreement. 
 Obligations and
provisions of this Agreement that, by their express terms or otherwise, require performance or compliance by one or both parties hereto after termination of this Agreement, including, but not limited to, obligations to return property,
confidentiality of information, covenants not to solicit, the covenant not to compete, mediation, arbitration, waiver, the binding nature of this Agreement upon the parties, successors, assigns, heirs, executors and administrators, the government
and construction of this Agreement, and the invalidity or non-enforceability of Agreement provisions, shall survive termination of the Agreement. 
 COVENANTS NOT TO SOLICIT OR COMPETE 
 In the event that Employee’s employment is terminated for any reason by Employer or by Employee,
Employee does hereby agree and covenant not to directly or indirectly solicit by any means insurance, financial services, insurance agency, agency consulting or loan business from any clients, franchise agents or lenders of Employer or any of the
Employer Companies for a period of two (2) years from and after the effective date of termination of employment. Employee agrees that he will not, for a period of two (2) years following termination of employment with Employer, directly or
indirectly, solicit or hire any of the franchise agents, brokers, producers or employees of Employer or any of the Employer Companies to work for or contract with Employee or any person or company competitive with Employer or any of the Employer
Companies. If Employee breaches this paragraph, Employer shall be entitled to all damages that result from each and every individual breach, in addition to any other remedies, including equitable remedies, that Employer may have. 
  

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 Employee and Employer agree that (1) during the period of Employee’s employment hereunder, Employee will not
undertake, engage in, or be directly or indirectly involved in the planning, organization, funding or operation of any business activity competitive with either the work Employee performs or any of the lines of business in which Employer or any of
the Employer Companies is engaged; and (2) for two years after the effective date of Employee’s termination of employment under this Agreement for any reason or no reason at all, Employee shall not engage in, or own or control any interest
in (except as a passive investor in less than one percent of the outstanding securities of a publicly held company), or act as an officer, director or employee of, broker or producer for, or consultant, advisor or lender to, any firm, corporation,
partnership, limited liability company, sole proprietorship, institution, business or entity that engages in any line of business that is competitive with any Line of Business of Employer and any of the Employer Companies (as defined below) in any
state in the United States in which such Line of Business of Employer and any of the Employer Companies operates as of the effective date of the termination of Employee’s employment under this Agreement. “Line of Business of Employer and
any of the Employer Companies” means the insurance agency business, the business of franchising insurance agencies, the business of providing consulting services to insurance agencies, the business of lending money to franchisees, insurance
agencies, insurance agents, managing general agents, or funeral homes, the wholesale insurance brokerage business, the funeral home business, and any other line of business of Brooke Credit Corporation and all of its affiliates and subsidiaries, the
revenues of which constituted 10% or more of the revenues for Brooke Credit Corporation, its affiliates or subsidiaries for the fiscal year completed on, or most recently completed prior to, Employee’s last day of employment under this
Agreement. The running of the two-year period specified in this paragraph shall be suspended during any period of violation and/or any period of time required to enforce this covenant by settlement, mediation, arbitration, litigation, threat of
arbitration or threat of litigation. 
 Employee and Employer agree that the prohibitions contained in the foregoing covenants not to solicit, the
non-competition covenant and the provisions of this Agreement pertaining to confidential information of Employer and the Employer Companies are reasonable and necessary and Employee’s salary, employment and association with Employer and/or the
opportunities which are afforded to Employee are ample consideration for these restrictions. 
 Employee and Employer agree that, should any provisions of
any covenant or other portion of this Agreement be determined to be invalid, illegal or otherwise unenforceable or unreasonable in scope by any arbitrator to whom a dispute regarding this Agreement has been submitted in accordance with this
Agreement, or by any court of competent jurisdiction, the validity, legality and enforceability of the other provisions of this Agreement will not be affected thereby, and the provision found invalid, illegal or otherwise unenforceable or
unreasonable will be considered by Employee and Employer to be amended as to scope of protection, time or geographic area (or any one of them, as the case may be) in whatever manner is considered reasonable by that arbitrator or court and, as so
amended, will be enforced. 
 Employee and Employer agree that money damages alone will not adequately compensate Employer for breach of the foregoing
covenants not to solicit, the non-competition covenant, and the provisions of this Agreement pertaining to confidential information of Employer or the Employer Companies and, therefore, in the event of the breach or threatened breach of any such
covenant or provision, in addition to all other remedies available at law, in equity or otherwise, Employer shall be entitled to injunctive relief compelling specific performance of (or other compliance with) the terms thereof. 
  

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 MISCELLANEOUS 
 This Agreement supersedes and take precedence over any and all prior agreements, arrangements or understandings between Employer or any one or more of the Employer Companies and the Employee relating to the subject matter hereof.

 No oral understanding, oral statement, or oral promises or oral inducements exist between the parties. 
 The waiver by Employer of any breach of any provision of this Agreement by Employee shall not operate or be construed as a waiver of any subsequent breach by the
Employee. 
 Any notice required or permitted to be given under this Agreement shall be sufficient if in writing, and if hand delivered or sent by regular
mail to Employee’s residence (in the case of notice to Employee) or to Employer’s principal office (in the case of notice to the Employer). 
 The
rights and obligations of Employer under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of Employer. This Agreement is binding upon Employee and the heirs, executors, assigns and administrators of
Employee or Employee’s estate and property. 
 Employer may assign this Agreement by providing Employee notice of Employer’s decision to do so.
Employee may not assign or transfer to others the obligation to perform Employee’s duties hereunder. 
 This Agreement may not be modified, revised,
altered, added to, extended in any manner, or superseded other than by an instrument in writing signed by both of the parties hereto. 
 This Agreement shall
be governed and construed in accordance with the laws of the State of Kansas. 
 MEDIATION AND ARBITRATION 
 Any issue, claim or dispute that may arise out of or in connection with this Agreement or the employment relationship between Employer and Employee, or the termination
of such Agreement and/or relationship, and which Employee and Employer (or any of the Employer Companies) are not able to resolve themselves by negotiation, shall be submitted to mediation in a manner agreed to by Employee and Employer. Employee and
Employer agree to use mediation to attempt to resolve such issue, claim or dispute prior to filing any arbitration action, lawsuits, complaints, charges or claims. Employee and Employer will select an independent mediator agreeable to both parties.
If the parties cannot agree on an independent mediator, the parties agree that the American Arbitration Association will appoint a mediator. The mediator will communicate with the parties to arrange and convene the mediation process that will be
most efficient, convenient and effective for both parties. The costs of the mediation and fees of the mediator will be borne equally by Employee and Employer. The parties will cooperate with the mediator in coming to a reasonable agreement on the
mediation arrangements which will include the time and place for conducting the mediation, who will attend or participate in the mediation, and what information and written material will be exchanged before the mediation. The mediation will be
conducted at a place agreeable to both Employee and Employer. 
 Any issue, claim, dispute or controversy that may arise out of, in connection with, or
relating to this Agreement, the employment relationship between Employer and Employee, or the termination of such Agreement and/or relationship that are not able to be resolved by mediation, shall be submitted to arbitration administered by the
American Arbitration Association under its Employment 

  

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Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in an court having jurisdiction thereof. Employee and Employer
agree to use arbitration to resolve such issue, claim or dispute prior to and in lieu of filing any lawsuits, complaints, charges or claims. The costs of the arbitration and fees of the arbitrator(s) will be borne equally by Employer and Employee.

 Employee and Employer agree that each party will pay the fees and expenses of [his/her] or its own attorneys involved in any mediation, arbitration or
dispute relating to this Agreement, Employee’s employment by Employer, or the termination of such Agreement and/or employment. Neither party shall have any obligation to pay the fees and/or expenses incurred by legal counsel or expert witnesses
retained by or on behalf of the other party in connection with any such mediation, arbitration or dispute. 
 [Signature page immediately
follows] 
  

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 Therefore, for good and valuable consideration, the receipt and sufficiency of which is acknowledged by both parties,
Employer and Employee have duly executed this Executive Employment Agreement on the Effective Date. 
  

			
	BROOKE CREDIT CORPORATION “EMPLOYER”
		
	by:	 	 /s/ Anita Larson

		
	Its:	 	 Chairman

		
	Date:	 	 7/18/07

	
	 Christina Mehary

	Witness
	
	EMPLOYEE:
	
	 /s/ Michael S. Lowry

		
	Date:	 	 7/18/07

	
	 Christina Mehary

	Witness

  

 7Servicing Agreement

 Exhibit 10.3 
 SERVICING AGREEMENT 
 BETWEEN 
 BROOKE CORPORATION 
 AND 
 BROOKE CREDIT CORPORATION 
 This
Servicing Agreement (this “Agreement”) is made and entered into as of July 18, 2007, by and between Brooke Credit Corporation, a Delaware Corporation (the “Company”), and Brooke Corporation, a Kansas corporation
(“BC”). 
 WHEREAS, the Company desires to engage BC to provide the Services (as defined below) to the Company according to the
terms and subject to the conditions set forth herein. 
 NOW THEREFORE, in consideration of the premises and the agreements, covenants and
representations herein contained, the parties hereto agree as follows: 
  

	1.	The Services. 

 a. BC shall provide to Company the
services described in Exhibit A, Schedule of Services, attached hereto (which services are hereinafter referred to as the “Services”). BC shall have no obligation to perform any services or have any obligations pursuant to this
Agreement, except as specifically set forth on Exhibit A, or otherwise specifically set forth in this Agreement. BC shall perform the Services in accordance with its customary standards, policies and procedures in performing similar obligations with
respect to similarly situated third parties. 
 b. Reserved. 
 c. BC grants to the Company a non-exclusive, non-transferable, and royalty-free license to use the name “Brooke” and such trademarks and service marks as are registered by BC with the United State Patent and
Trademark Office or claimed by BC and pending registration with such Trademark Office (collectively, such name and marks to be referred to as the “Licensed Marks”) solely in connection with the Company’s operation of its business. The
Company shall make no other use of the Licensed Marks. The Company acknowledges and agrees that the rights granted to the Company by and obtained by the Company as a result of or in connection with this Agreement are license rights only, and nothing
contained in this Agreement constitutes or shall be construed to be an assignment of any or all of BC’s rights in any of the Licensed Marks. BC retains the right to specify, from time to time, the format in which the Company shall use and
display each Licensed Mark, and the Company shall only use or display the Licensed Mark in a format approved by BC. The Company shall not at any time, whether during or after the term of this Agreement, do or cause to be done any act or thing
challenging, contesting, impairing, invalidating, or tending to impair or invalidate any of BC’s rights in any of the Licensed Marks or any registrations derived from such rights. The Company shall not assign, sublicense, transfer, or otherwise
convey the Company’s rights or obligations with respect to the Licensed Marks without BC’s prior written consent. The Company shall promptly notify BC of any and all infringements, imitations, simulations or other illegal use or misuse of
any of the Licensed Marks which come to the Company’s attention. As the sole owner of the Licensed Marks, BC shall determine whether to take any action to prevent the infringement, imitation, simulation or other illegal use or misuse of the
Licensed Marks. The Company shall render BC all reasonable assistance in connection with any matter pertaining to the protection, enforcement or infringement of the Licensed Marks used by the Company, whether in the courts, administrative or
quasi-judicial agencies, or otherwise. In the event BC intends not to renew this agreement, enter into a replacement servicing agreement or enter into another agreement that provides the rights to the Company set forth in this paragraph 1(c), BC
will provide the Company with notice of its intention and the Company will continue to enjoy the rights set forth in this paragraph 1(c) for a period of 90 days following the later of: (i) the receipt by the Company of 

 
such written notice; or (ii) the expiration of the agreement which provides for the rights set forth in this paragraph 1(c) or rights substantially
similar thereto. Nothing set forth in this agreement shall be interpreted to require the Company to utilize the Licensed Marks. Likewise, if the Company’s use of the Licensed Marks is reasonably determined to have caused, or have the potential
of causing, material damage to the value of the Licensed Marks, BC may terminate the license granted to the Company upon 90 days written notice. 
  

	2.	Term. The initial term of this Agreement shall begin on the date first above written and expire on December 31, 2007, subject to the terms and provisions of
Section 6 below. This Agreement shall be renewed upon terms and conditions mutually agreed by the parties for a subsequent term of one year 

  

	3.	Contract Sum. 

 a. In consideration of the
performance of the Services by BC, the Company shall pay to BC the fees set forth in the Schedule of Fees attached hereto as Exhibit B (the “Contract Sum”) at the times and in accordance with Exhibit B. The Contract Sum shall be the sole
compensation due BC in connection with its performance of the Services. 
 b. Unless otherwise agreed in writing, BC shall be entitled to
reimbursement from the Company for out-of-pocket expenses incurred in the performance of the Services unless BC is specifically responsible for such amounts as set forth on the Schedule of Reimbursements attached hereto as Exhibit C at the times and
in accordance with Exhibit C. 
 c. Unless otherwise agreed in writing, BC shall be responsible for fees incurred in connection with retaining
any additional independent contractors or subcontractors in connection with performing the Services. 
  

	4.	Events of Default by BC. The following shall constitute “BC Events of Default” hereunder by BC: 

 a. failure on the part of BC duly to observe or perform in any material respect any of the covenants or agreements on the part of BC set forth in this
Agreement which continues unremedied for a period of fifteen (15) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to BC by the Company (unless such failure is the result of
the Company’s failure to observe or perform any of its obligations hereunder, in which case BC’s failure shall not constitute an event of default); or 
 b. a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or
appointing a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against BC and such
decree or order shall have remained in force undischarged or unstayed for a period of sixty (60) days; or 
 c. BC shall consent to the
appointment of a trustee, conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to BC or of or relating to all or substantially all of the property
of BC; or 
 d. BC shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of
any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations or take any action in furtherance of the foregoing. 
  

	5.	Events of Default by the Company. The following shall constitute “Company Events of Default” hereunder by the Company: 

 a. any failure by the Company to make any payment required to be made by the Company to BC within 20 days of the date of invoice date; or 

 b. any failure on the part of the Company duly to observe or perform in any material respect any other of
the covenants or agreements on the part of the Company set forth in this Agreement or any governing document by and between the Company and BC for the transactions being serviced which continues unremedied for a period of fifteen (15) days
after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Company by BC; or 
 c. a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or appointing a conservator or
receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Company and such decree or order
shall have remained in force undischarged or unstayed for a period of sixty (60) days; or 
 d. the Company shall consent to the
appointment of a trustee, conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Company or of or relating to all or substantially all of the
property of Company; or 
 e. the Company shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations or take any action in furtherance of the foregoing. 
  

	6.	Remedies. 

 (a) Remedies of the Company. If a BC
Event of Default shall occur, the Company (i) may terminate this Agreement by giving thirty (30) days prior written notice to BC, and (ii) shall be entitled to any and all other rights and remedies under law or in equity. 

(b) Remedies of BC. If a Company Event of Default shall occur, BC (i) may terminate this Agreement and resign by giving thirty (30) days
prior written notice to the Company, and (ii) shall be entitled to any and all other rights and remedies under law or in equity. 
 (c)
Payment of Fees Upon Termination. Whether this Agreement is terminated through Section 2 or Section 6, BC shall be entitled to be paid any and all fees which remain accrued and unpaid through the final date of the rendering of the
Services. In addition, within five (5) business days of any termination, BC will return any of the Company’s materials at the Company’s expense. The terms and provisions of this Section 6(c) shall survive any termination of this
Agreement. 
 (d) Limitation of Damages. Neither party shall be liable to the other party for punitive, consequential or indirect damages.
Additionally, the Company acknowledges that BC is merely providing a service for a fee under this Agreement. Accordingly, BC shall not be liable to Company under this Agreement for any amounts in excess of any fees paid to BC hereunder, unless such
loss or damage is caused by the gross negligence or willful misconduct of BC. The terms and provisions of this Section 6(d) shall survive any termination of this Agreement. 
  

	7.	Notices. No notice or other communication shall be deemed given unless sent in any of the manners, and to the persons, specified in this Section. All notices and other
communications hereunder shall be in writing and shall be deemed given (a) upon receipt if delivered personally (unless subject to clause (b)) or if mailed by registered or certified mail, (b) at noon on the date after dispatch if sent by
overnight courier or (c) upon the completion of transmission (which is confirmed by telephone or by a statement generated by the transmitting machine) if transmitted by telecopy or other means of facsimile which provides immediate or near
immediate transmission to compatible equipment in the possession of the recipient, in any case to the parties at the following addresses or telecopy numbers (or at such other address or telecopy number for a party as will be specified by like
notice): 

  

							
		 		 	If to Company:	  	Brooke Credit Corporation
		 		 		  	10950 Grandview Drive
		 		 		  	Suite 600
		 		 		  	Overland Park, Kansas 66210
		 		 		  	Attn: Michael Lowry
				
		 		 	If to BC:	  	Brooke Corporation
		 		 		  	10950 Grandview Drive
		 		 		  	Suite 600
		 		 		  	Overland Park, Kansas 66210
		 		 		  	Attn: General Counsel

	8.	Independent Contractor. In its performance and completion of the Services and any of its other duties and obligations under this Agreement, BC shall at all times be deemed to
be an independent contractor and nothing in this Agreement shall at any time be construed so as to create the relationship of employer and employee, principal and agent, partnership or joint venture as between BC and Company. BC shall have the
entire charge, control and supervision of its performance of the Services and any of its other duties and obligations under this Agreement, subject to the terms and provisions of this Agreement and Exhibit A hereto. Both parties acknowledge
that they shall have no authority to bind the other party to any contractual or other obligation whatsoever. 

  

	9.	Indemnity. BC agrees to indemnify, defend and hold harmless the Company and its directors, members, managers, officers and employees from and against any and all loss,
liability, claim, damage, cost or expense (including without limitation reasonable legal fees and expenses and all other costs and expenses incurred in investigating, preparing for or defending any proceeding, commenced or threatened, incident to
the foregoing or to the enforcement of this Section 9) suffered or incurred by the Company and arising out of, or in connection with (i) any act or omission of BC or any of its employees, (ii) any breach by BC of any covenant,
obligation or representation or warranty (as of the date when made) of BC contained in this Agreement, and/or (iii) any claim by any third party in any way related directly or indirectly to the subject matter of this Agreement unless the claim
relating thereto is directly attributable to breach of this Agreement, willful misconduct, bad faith, fraud or negligence of the Company or any of its directors, members, managers, officers or employees. The Company hereby agrees to indemnify,
defend and hold harmless BC and its directors, members, officers and employees from and against any and all loss, liability, claim, damages, cost or expense (including without limitation reasonable legal fees and expenses and all other costs and
expenses incurred in investigating, preparing for or defending any proceeding, commenced or threatened, incident to the foregoing or to the enforcement of this Section 9) suffered or incurred by BC or its directors, members, officers and
employees for or on account of or arising out of or in connection with (i) any breach by the Company of any covenant, obligation or representation or warranty (as of the date when made) of the Company contained in this Agreement, and/or
(ii) any claim directly attributable to willful misconduct, bad faith, fraud or negligence of the Company or any of its directors, members, managers, officers or employees. 

  

	10.	 Confidentiality. Each party (the “Receiving Party”) agrees and acknowledges that, except to the extent permitted herein, all information and data
supplied by the other party (the “Disclosing Party”) regarding its company matters, systems, procedures, assets or operations shall be held in strict confidence at all times and the Receiving Party will not disclose or otherwise divulge
any of such information to any party without the prior written consent of the Disclosing Party. Provided, however, that the Receiving Party shall be authorized to disclose such information (i) to any of its directors, members, officers,
employees, representatives, accountants, auditors, attorneys and agents and to any of its affiliates, subsidiaries and parents and any of their respective directors, members, officers, employees, representatives, accountants, auditors, attorneys and
agents to the extent any of them have a need to know such information to perform services hereunder and only for such purpose and agree in writing to keep such information confidential (collectively referred to herein as “Receiving Party’s
Representatives”); (ii) to any government agency with jurisdiction over the Receiving Party or the Receiving Party’s Representatives or the transaction contemplated herein; (iii) as may be required by law or regulation, judicial
or administrative order, ruling or judgment or legal obligation to disclose (which may 

	 	 
include, by way of example and not by way of limitation, any discovery or disclosure demands or requirements issued or arising in any judicial or
administrative investigation or proceeding); (iv) if it is advised by its counsel that its failure to do so would be unlawful, or (v) if failure to do so would expose the Receiving Party to loss, liability, claim or damage for which it has
not been adequately indemnified to its satisfaction. The terms and provisions of this Section 10 shall survive any termination of this Agreement. 

  

	11.	Assignability. This Agreement may be assigned by either party hereto to any entity buying substantially all of the assigning party’s assets or ownership interests,
provided such entity executes an assumption agreement reasonably acceptable to the non-assigning party. 

  

	12.	Governing Law. This Agreement and the respective rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of
Kansas, without regard to its conflicts of laws provisions. 

  

	13.	Successors and Assigns. This Agreement and the terms, covenants, provisions and conditions hereof shall be binding upon, and shall inure to the benefit of, the respective
heirs, successors and assigns of the parties hereto; provided, however, that, except as set forth in Section 11 above, neither party shall assign this Agreement, or otherwise dispose of all or any portion of its right, title or interest herein,
to any person or entity without the prior written consent of the other party. There shall be no third party beneficiaries to this Agreement. This Agreement is not intended to confer on any person other than the parties hereto and their successors
and permitted assigns any rights, obligations, remedies or liabilities. 

  

	14.	Merger. Subject to the provisions of paragraph 2, any corporation or limited liability company into which either party may be merged or converted or with which it may be
consolidated, or any corporation or limited liability company resulting from any merger, conversion or consolidation to which either party shall be a party, or any corporation or limited liability company succeeding to the business of such party
shall be successor of such party hereunder without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto except where an instrument of transfer or assignment is required by law to
effect such succession, anything herein to the contrary notwithstanding. 

  

	15.	Severability. If any provision of this Agreement is held to be invalid or unenforceable, then, to the extent that such invalidity or unenforceability shall not deprive either
party of any material benefit intended to be provided by this Agreement, the remaining provisions of this Agreement shall remain in full force and effect and shall be binding upon the parties hereto. 

  

	16.	Jury Trial. The parties hereto hereby knowingly and voluntarily waive any right which either or both of them shall have to receive a trial by jury with respect to any claims,
controversies or disputes which shall arise out of this Agreement or the subject matter hereof. 

  

	17.	Entire Agreement. This Agreement and the exhibits and schedules attached hereto embody the entire agreement and understanding of the parties hereto with respect to the
subject matter hereof and supersede all prior and contemporaneous agreements and understandings, oral or written, relating to said subject matter. Any exhibits and schedules to this Agreement are hereby incorporated into this Agreement in their
entirety by this reference. 

  

	18.	Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which shall
together constitute one and the same agreement. The parties hereto agree that facsimile signatures on this Agreement shall be deemed effective as originals by the parties for all purposes. 

  

	19.	Headings. The headings of the Sections contained in this Agreement are inserted for convenience only and shall not affect the meaning or interpretation of this Agreement or
any provision hereof. 

  

	20.	 Waiver. All remedies available to either party for one or more breaches by the other party are and shall be deemed cumulative and may be exercised separately
or concurrently without waiver of any other remedies. No 

	 	 
party hereto shall be deemed to have waived any right, power or privilege under this Agreement unless such waiver shall have been expressed in a written
instrument signed by the waiving party. The failure of any party hereto to enforce any provision of this Agreement shall in no way be construed as a waiver of such provision or a right of such party to thereafter enforce such provision or any other
provision of this Agreement. 

  

	21.	Construction. Unless the context of this Agreement otherwise clearly requires, (i) references in this Agreement to the plural include the singular, the singular the
plural, the masculine the feminine, the feminine the masculine and the part the whole and (ii) the word “or” will not be construed as exclusive and the word “include,” “including” or similar terms shall be
construed as if followed by the phrase “without being limited to.” 

  

	22.	Any issue, claim or dispute that may arise out of or in connection with this Agreement (including exhibits and addenda) and/or the relationship of the parties and which the
parties are not able to resolve themselves by negotiation, shall be submitted to mediation in a manner agreed to by the parties. The parties agree to use mediation to attempt to resolve such issue, claim or dispute prior to filing any arbitration
action, lawsuits, complaints, charges or claims. The parties will select an independent mediator agreeable to both parties. The mediator will communicate with the parties to arrange and convene the mediation process that will be most efficient,
convenient and effective for both parties. The costs of the mediation and fees of the mediator will be borne equally by the parties. The parties will cooperate with the mediator in coming to a reasonable agreement on the mediation arrangements which
will include the time and place for conducting the mediation, who will attend or participate in the mediation and what information and written material will be exchanged before the mediation. The mediation will be conducted in Overland Park,
Kansas. 

  

	23.	Any issue, claim, dispute or controversy that may arise out of, in connection with or relating to this Agreement (including exhibits and addenda) and/or the relationship of the
parties, and which the parties are not able to resolve through mediation, shall be settled by arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, and judgment on the award rendered by the
arbitrator(s) may be entered in a court having jurisdiction thereof. The parties agree to use arbitration to resolve any such issue, claim, dispute or controversy prior to and in lieu of filing any lawsuits, complaints, charges or claims. The
costs of the arbitration and fees of the arbitrator(s) will be borne equally by the parties. 

 (signature page follows)

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

			
	THE COMPANY:
		
		 	 /s/ Michael Lowry

	By:	 	Michael Lowry
	Title:	 	Chief Executive Officer
	
	BROOKE CORPORATION
		
		 	 /s/ Leland Orr

	By:	 	Leland Orr
	Title:	 	Chief Financial Officer

 EXHIBIT A 
 Schedule of Services 
 BC shall perform the following services: 
 Permanent, Confidential and Loan File Document Management 
  

	•	 	 Process referenced documents in accordance with established Original Documents Memorandum 

  

	•	 	 Provide secure facilities for storage of referenced documents 

  

	•	 	 Establish procedures for filing and physical security of referenced documents 

  

	•	 	 Establish procedures for electronically storing and electronic security of referenced documents 

 External Audit Services 
  

	•	 	 Coordinate audit activities with external auditors 

  

	•	 	 Gather and provide information requested by external auditors 

  

	•	 	 Facilitate and collaborate work for external auditors 

  

	•	 	 Compile selected audit books in accordance with Audit File Book Memorandum 

 Internal Audit/Internal Control Services 
  

	•	 	 Conduct internal audits of the Company and its systems, procedures, policies and processes 

  

	•	 	 Evaluate the adequacy and effectiveness of internal controls 

  

	•	 	 Develop and recommend changes in operations, policies, procedures or controls to increase efficiency of operations or to improve safeguards over internal controls

  

	•	 	 Develop and implement audit plans and programs 

  

	•	 	 Develop and implement audit procedures 

  

	•	 	 Prepare written reports as needed and communicate as necessary 

  

	•	 	 Perform audit procedures and prepare work papers documenting the audit procedures performed 

  

	•	 	 Review transactions, documents, records, reports, policies and procedures for accuracy and effectiveness and to help ensure that they are followed

 Risk Management Services 
  

	 	•	 	 Provide insurance 

  

	 	•	 	 Provide information about insurance policies 

  

	 	•	 	 Analysis of risk identification reports 

  

	 	•	 	 Advise BCC loan committee 

  

	 	•	 	 Advise BCC CPA committee 

 Transportation services

  

	 	•	 	 Provide access to Brooke Bus 

  

	 	•	 	 Provide access to Corporate vehicles 

  

	 	•	 	 Coordination of corporate transportation 

  

	 	•	 	 Schedule commercial air travel for the Company’s senior management 

  

	 	•	 	 Schedule private air travel for the Company’s senior management 

  

	 	•	 	 Schedule lodging, car rental and other related travel expenses for the Company’s senior management 

  

	 	•	 	 Monitor travel expenses (including compilation of monthly reports detailing travel expenses for all employees) to assist the Company’s management in monitoring
travel expenses 

  

	 	•	 	 Monitor employee expense reports 

 Corporate Marketing Services 
  

	 	•	 	 Maintain and coordinate relationship with advertising agency 

  

	 	•	 	 Develop annual reports, brochures, and other marketing materials for the organization 

  

	 	•	 	 Develop, coordinate, manage and expand company websites 

  

	 	•	 	 Develop, update and maintain of Brooke guides 

  

	 	•	 	 Coordinate printing and mailing of corporate communications 

  

	 	•	 	 Develop, coordinate, track and release press releases 

  

	 	•	 	 Develop, design and coordinate corporate identity, company message and public relations 

  

	 	•	 	 Oversee and analyze company marketing campaigns and lead generation 

  

	 	•	 	 Provide clearing house services for marketing materials 

  

	 	•	 	 Coordinate Logo usage and Trade Name Protection 

  

	 	•	 	 Track and Measure the effectiveness of marketing plans and campaigns 

  

	 	•	 	 Conduct marketing analysis based on information gathered from customer as well as information researched 

  

	 	•	 	 Perform market analysis 

  

	 	•	 	 Manage and coordinate the development and success of marketing websites 

  

	 	•	 	 Assist in writing, compilation and editing of: 

  

	 	¡	 	 Press releases 

  

	 	¡	 	 Advertisements 

  

	 	¡	 	 Letters/notes/communications 

  

	 	¡	 	 Develop writing projects 

  

	 	¡	 	 Procedures 

  

	 	¡	 	 Video scripts 

  

	 	¡	 	 Speeches 

  

	 	¡	 	 Presentations 

  

	 	¡	 	 SEC filings and other periodic reports 

  

	 	•	 	 Graphics/video production 

  

	 	•	 	 Organize, edit and complete video productions 

  

	 	•	 	 Assist in graphic design projects 

  

	 	•	 	 Organize and format annual reports and other corporate communications 

  

	 	•	 	 Contract with vendors and printers for annual reports and other corporate communications 

  

	 	•	 	 Prepare and circulate monthly advertising expense analysis 

  

	 	•	 	 Prepare and circulate monthly website tracking report 

  

	 	•	 	 Prepare and circulate monthly PR/Communications analysis 

 Corporate recruiting assistance 
  

	 	•	 	 Develop advertising and recruitment campaigns for Company’s senior management 

  

	 	•	 	 Conduct initial phone screening for Company Senior Management 

  

	 	•	 	 Prepare post interview communications with prospects who are hired and not hired 

  

	 	•	 	 Track and Measure the effectiveness of recruitment sources and activities 

  

	 	•	 	 Develop and maintain recruitment procedures, forms and tools 

  

	 	•	 	 Prepare recruitment analysis 

  

	 	•	 	 Distribute periodic recruitment analysis, priorities and progress reports 

  

	 	•	 	 Manage, coordinate and attend career fairs 

  

	 	•	 	 Manage, coordinate and develop Brooke careers website 

  

	 	•	 	 Conduct internal postings as requested 

  

	 	•	 	 Develop and maintain relationship with CareerBuilder.com, Monsterjobs.com, HotJobs.com, etc. 

 Facilities/Real estate Services 
  

	 	•	 	 Process payments for supplies in a timely manner 

  

	 	•	 	 Purchase equipment with market price under $1000 

  

	 	•	 	 Track fixed assets for the company 

	 	•	 	 Facilitate acquisition of equipment for company 

  

	 	•	 	 Order offices supplies for company 

  

	 	•	 	 Set up accounts with Staples, UPS, and other vendors on behalf of Company 

  

	 	•	 	 Assure processing of timely payment of Staples, UPS and other vendors 

 Transaction services 
  

	 	•	 	 Maintain agreements library and forms 

  

	 	•	 	 Research state laws as Company expands 

  

	 	•	 	 Handle financing transactions including securitizations, warehouse lines 

  

	 	•	 	 Provide legal counsel to Company on transaction related matters 

  

	 	•	 	 Assist with problem resolution (including post transaction, borrower and other issues) 

  

	 	•	 	 Provide counsel on credit sales compliance 

  

	 	•	 	 Assist with dispute resolution and manage litigation relating to borrowers 

 Corporate/Regulatory Services 
  

	 	•	 	 Assist with dispute resolution and manage litigation relating to employment, general corporate matters 

  

	 	•	 	 Provide corporate governance advice and compliance services 

  

	 	•	 	 Assist in the development and maintenance of corporate policies 

  

	 	•	 	 Assist with problem resolution (other than post transaction and borrower issues) 

  

	 	•	 	 Handle general corporate matters 

  

	 	•	 	 Assist in capital raising 

  

	 	•	 	 Coordinate SEC filings (Registrations statements, proxy statements, 10K, 10Q, 8K, Forms 3, 4 and 5, etc.) 

  

	 	•	 	 Complete, submit, track and follow-up on foreign authority and assumed named applications 

  

	 	•	 	 Complete, submit, track and follow-up on annual report filings 

  

	 	•	 	 Oversee corporate compliance with respect to company operations 

  

	 	•	 	 Assist with corporate governance 

  

	 	•	 	 Subsidiary secretaries 

  

	 	•	 	 Maintain corporate books and records 

  

	 	•	 	 Assist with internal controls 

  

	 	•	 	 Intellectual property assistance 

  

	 	•	 	 Seek and maintain service and trade marks 

  

	 	•	 	 Seek and maintain patents 

 IT support services

  

	 	•	 	 Provide website development and maintenance assistance 

  

	 	•	 	 Provide computer support 

  

	 	•	 	 Develop, coordinate and maintain IT systems 

  

	 	•	 	 Develop, coordinate and maintain IT security systems 

  

	 	•	 	 Develop, coordinate and maintain backup information systems 

  

	 	•	 	 Provide platform for and maintenance of document management 

  

	 	•	 	 Provide platform for and maintenance of personal management 

  

	 	•	 	 Assist in data collection and maintenance 

  

	 	•	 	 Provide database maintenance 

  

	 	•	 	 Generate reports from information systems as requested 

  

	 	•	 	 Order computers, other hardware and software to optimize purchasing power 

  

	 	•	 	 Track computers, other hardware and software 

  

	 	•	 	 Provide IT consultation on an as needed basis 

  

	 	•	 	 IT analysis and maintenance 

  

	 	•	 	 Monitor server needs and provide upgrades as needed or requested 

  

	 	•	 	 Analyze Software needs and provides upgrades as needed or requested 

  

	 	•	 	 Assist in training personnel on information systems 

 Human resources services 
  

	 	•	 	 Provide experienced personnel to assist in Company operations 

  

	 	•	 	 Assist in employee relations and retention 

  

	 	•	 	 Provide manager counseling and advisory services 

  

	 	•	 	 Conduct employee investigations 

  

	 	•	 	 Maintain personnel files 

  

	 	•	 	 Assist in the design and implementation of human resources policies and procedures 

  

	 	•	 	 Monitor changes in employment practices laws 

  

	 	•	 	 Implement practices to reduce EPL exposures 

  

	 	•	 	 Investigate and work to resolve employee relation issues and complaints 

  

	 	•	 	 Conduct onsite and remote employee training 

  

	 	•	 	 Conduct employee orientation 

  

	 	•	 	 Consult with managers regarding personnel issues 

  

	 	•	 	 Design and conduct management training with respect to employment practices issues 

  

	 	•	 	 Assist in recruitment process (e.g. design and review recruitment advertising, design and review applications, assist in interview design and process, conduct
reference checks) 

  

	 	•	 	 Assist in evaluation and discipline process 

  

	 	•	 	 Assist in termination process (e.g. exit interviews, pre and post termination consultations with management); 

  

	 	•	 	 Manage and assist in preparation of job descriptions 

  

	 	•	 	 Assist in ensuring compliance with applicable laws 

  

	 	•	 	 Coordinate third party training 

  

	 	•	 	 Assist in preparation of employment agreements and forms 

  

	 	•	 	 Provide benefit administration and communication 

  

	 	•	 	 Assist in the design and selection of benefit packages and providers 

  

	 	•	 	 Conduct salary surveys 

  

	 	•	 	 Manage performance evaluation process 

  

	 	•	 	 Manage FMLA and leave of absences policies and procedures 

  

	 	•	 	 Provide workers compensation administration and OSHA reporting 

 Payroll Accounting 
  

	 	•	 	 Payroll processing 

  

	 	•	 	 Solve problems concerning payroll and enforce payroll policies. 

  

	 	•	 	 Compile payroll data such as garnishments, vacation time, insurance and 401(k) deductions. 

  

	 	•	 	 Administer time and attendance system for accuracy and completeness 

  

	 	•	 	 Process weekly transfer of payroll data to ADP 

  

	 	•	 	 Provide applicable state and federal wage and hour compliance services 

  

	 	•	 	 Prepare reports for management (gross payroll, hours worked, vacation accrual, tax deductions, benefit deductions, etc.) 

  

	 	•	 	 Provide access to payroll service provider 

  

	 	•	 	 Respond to employee questions 

  

	 	•	 	 Process payroll deductions 

  

	 	•	 	 Determine if vendor charges for benefits are accurate 

 Cash Management services 
  

	 	•	 	 Provide daily cash management 

  

	 	•	 	 Analyze cash needs and inform Company accordingly 

  

	 	•	 	 Prepare quarterly cash reports for Company and its auditors 

  

	 	•	 	 Prepare monthly bank reconciliations for Company 

  

	 	•	 	 Make daily deposit of funds received and balance cash accounts to the general ledger 

  

	 	•	 	 Reconcile weekly bank statements and balance to the general ledger 

  

	 	•	 	 Make Transfers to Online Accounts and enter the transactions in the system. 

 EXHIBIT B 
 Schedule of Fees 
 The Company shall pay the following fees to BC: 
 Annual fee of $2,250,000 payable in 12 equal monthly installments 

 EXHIBIT C 
 Schedule of Reimbursements 
 BC shall be responsible for the following expenses: 
 National Office rent, telephone, and utilities 
 Processing center’s
rent, telephone, and utilities 
 Advertising center’s rent, telephone, and utilities 
 Facility center’s rent, telephone, and utilities 
 Alltel cell phone service and associated charges 
 National Office supplies purchased through Staples 
 Processing Center
supplies purchased through Staples 
 Advertising center’s supplies purchased through Staples 
 Facility center’s supplies purchased through Staples 
 Private airplane
expense 
 Fleet ownership expenses, including lease costs, interest and taxes 
 Recruitment expenses (e.g. Career Builders, Monster.com, etc.) 
 Computer acquisition costs (but not maintenance expenses)

 Telephone system purchase costs (but not maintenance expenses) 
 Outside legal counsel expenses and professional fees unrelated to capital raising and loan funding initiatives 
 Accounting and auditing
professional fees and expenses 
 Postage for processing center, advertising center, facility center and national office 
 UPS expense for processing center, advertising center, facility center and national office 
 General printing costs not specifically associated with the Company

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