Document:

Promissory Note

 EXHIBIT 10.2 
 PROMISSORY NOTE 
 $15,000,000.00 
 March 28, 2008 
 Roanoke Gas Company 
 519 Kimball Avenue 
 Roanoke, Virginia 24016 
 (Hereinafter referred to as “Borrower”) 
 Wachovia Bank, National Association 
 Roanoke, Virginia 24011 
 (Hereinafter referred to as “Bank”)

 IMPORTANT NOTICE 
 THIS NOTE
CONTAINS A CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE AS A BORROWER AND ALLOWS BANK TO OBTAIN A JUDGMENT AGAINST YOU WITHOUT FURTHER NOTICE. 
 Borrower promises to pay to the order of Bank, in lawful money of the United States of America by mailing to the address specified hereinafter or wherever else Bank may
specify, the sum of Fifteen Million and No/100 Dollars ($15,000,000.00) or such sum as may be advanced and outstanding from time to time, with interest on the unpaid principal balance at the rate and on the terms provided in this Promissory Note
(including all renewals, extensions or modifications hereof, this “Note”). 
 RENEWAL/MODIFICATION. This Promissory Note renews, extends
and/or modifies that certain Promissory Note dated March 20, 2007 (the “Original Promissory Note”), evidencing an original principal amount of $20,000,000.00. This Promissory Note is not a novation. 
 LINE OF CREDIT. Borrower may borrow, repay and reborrow, and, upon the request of Borrower, Bank shall advance and readvance under this Note from time to time
until the maturity hereof (each an “Advance” and together the “Advances”), so long as the total principal balance outstanding under this Note at any one time does not exceed (i) $15,000,000.00 from the date of this Note
through and including March 31, 2008; (ii) beginning April 1, 2008 through and including July 15, 2008, the principal amount available for lending under this note shall be $2,000,000.00; (iii) beginning July 16, 2008
through and including September 15, 2008, the principal amount available for lending under this note shall be $5,000,000.00; (iv) beginning September 16, 2008 through and including November 15, 2008, the principal amount
available for lending under this note shall be $10,000,000.00; (v) beginning November 16, 2008 through and including February 15, 2009, the principal amount available for lending under this note shall be $15,000,000.00; and
(vi) beginning February 16, 2009 through and including March 31, 2009, the principal amount available for lending under this note shall be $10,000,000.00. Bank’s obligation to make Advances under this Note shall terminate if
Borrower is in Default. As of the date of each proposed Advance, Borrower shall be deemed to represent that each representation made in the Loan Documents is true as of such date. 
 If Borrower subscribes to Bank’s cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the
applicable demand deposit account and the line of credit for credit or debit to the line of credit. 
  

 Page 1 

 USE OF PROCEEDS. Borrower shall use the proceeds of the loan(s) evidenced by this Note for the commercial purposes
of Borrower, as follows: finance inventory and accounts receivable. 
 INTEREST RATE. Interest shall accrue on the unpaid principal balance of this
Note from the date hereof at the LIBOR Market Index Rate plus 0.50%, as that rate may change from day to day in accordance with changes in the LIBOR Market Index Rate (“Interest Rate”). “LIBOR Market Index Rate”, for any day,
means the rate for 1 month U.S. dollar deposits as reported on Telerate Successor Page 3750 as of 11:00 a.m., London time, on such day, or if such day is not a London business day, then the immediately preceding London business day (or if not so
reported, then as determined by Bank from another recognized source or interbank quotation). 
 DEFAULT RATE. In addition to all other rights
contained in this Note, if a Default (as defined herein) occurs and as long as a Default continues, all outstanding Obligations, other than Obligations under any swap agreements (as defined in 11 U.S.C. § 101, as in effect from time to time)
between Borrower and Bank or its affiliates, shall bear interest at the Interest Rate plus 3% (“Default Rate”). The Default Rate shall also apply from acceleration until the Obligations or any judgment thereon is paid in full. 

INTEREST AND FEE(S) COMPUTATION (ACTUAL/360). Interest and fees, if any, shall be computed on the basis of a 360-day year for the actual number of days in the
applicable period (“Actual/360 Computation”). The Actual/360 Computation determines the annual effective interest yield by taking the stated (nominal) rate for a year’s period and then dividing said rate by 360 to determine the daily
periodic rate to be applied for each day in the applicable period. Application of the Actual/360 Computation produces an annualized effective rate exceeding the nominal rate. 
 REPAYMENT TERMS. This Note shall be due and payable in consecutive monthly payments of accrued interest only, commencing on April 1, 2008, and continuing on the same day of each month thereafter until
fully paid. In any event, all principal and accrued interest shall be due and payable on March 31, 2009. 
 APPLICATION OF PAYMENTS. Monies
received by Bank from any source for application toward payment of the Obligations shall be applied to accrued interest and then to principal. If a Default occurs, monies may be applied to the Obligations in any manner or order deemed appropriate by
Bank. 
 If any payment received by Bank under this Note or other Loan Documents is rescinded, avoided or for any reason returned by Bank because of any
adverse claim or threatened action, the returned payment shall remain payable as an obligation of all persons liable under this Note or other Loan Documents as though such payment had not been made. 
 DEFINITIONS. Loan Documents. The term “Loan Documents”, as used in this Note and the other Loan Documents, refers to all documents executed in
connection with or related to the loan evidenced by this Note and any prior notes which evidence all or any portion of the loan evidenced by this Note, and any letters of credit issued pursuant to any loan agreement to which this Note is subject,
any applications for such letters of credit and any other documents executed in connection therewith or related thereto, and may include, without limitation, a commitment letter that survives closing, a loan agreement, this Note, guaranty
agreements, security agreements, security instruments, financing statements, mortgage instruments, any renewals or modifications, whenever any of the foregoing are executed, but does not include swap agreements (as defined in 11 U.S.C. § 101,
as in effect from time to time). Obligations. The term “Obligations”, as used in this Note and the other Loan Documents, refers to any and all indebtedness and other obligations under this Note, all other obligations under any other
Loan Document(s), and all obligations under any swap agreements (as defined in 11 U.S.C. § 101, as in effect from time to time) between Borrower and Bank, or its affiliates, whenever executed. Certain Other Terms. All terms that are used
but not otherwise defined in any of the Loan Documents shall have the definitions provided in the Uniform Commercial Code. 
  

 Page 2 

 LATE CHARGE. If any payments are not timely made, Borrower shall also pay to Bank a late charge equal to 5% of
each payment past due for 8 or more days. This late charge shall not apply to payments due at maturity or by acceleration hereof, unless such late payment is in an amount not greater than the highest periodic payment due hereunder. 
 Acceptance by Bank of any late payment without an accompanying late charge shall not be deemed a waiver of Bank’s right to collect such late charge or to collect a
late charge for any subsequent late payment received. 
 ATTORNEYS’ FEES AND OTHER COLLECTION COSTS. Borrower shall pay all of Bank’s
reasonable expenses actually incurred to enforce or collect any of the Obligations including, without limitation, reasonable arbitration, paralegals’, attorneys’ and experts’ fees and expenses, whether incurred without the
commencement of a suit, in any trial, arbitration, or administrative proceeding, or in any appellate or bankruptcy proceeding. 
 USURY. If at any
time the effective interest rate under this Note would, but for this paragraph, exceed the maximum lawful rate, the effective interest rate under this Note shall be the maximum lawful rate, and any amount received by Bank in excess of such rate
shall be applied to principal and then to fees and expenses, or, if no such amounts are owing, returned to Borrower. 
 DEFAULT. If any of the
following occurs, a default (“Default”) under this Note shall exist: Nonpayment; Nonperformance. The failure of timely payment or performance of the Obligations or Default under this Note or any other Loan Documents. False
Warranty. A warranty or representation made or deemed made in the Loan Documents or furnished Bank in connection with the loan evidenced by this Note proves materially false, or if of a continuing nature, becomes materially false. Cross
Default. At Bank’s option, any default in payment or performance of any obligation under any other loans, contracts or agreements of Borrower, any Subsidiary or Affiliate of Borrower, any general partner of or the holder(s) of the majority
ownership interests of Borrower with Bank or its affiliates (“Affiliate” shall have the meaning as defined in 11 U.S.C. § 101, as in effect from time to time, except that the term “Borrower” shall be substituted for the term
“Debtor” therein; “Subsidiary” shall mean any business in which Borrower holds, directly or indirectly, a controlling interest). Cessation; Bankruptcy. The death of, appointment of a guardian for, dissolution of,
termination of existence of, loss of good standing status by, appointment of a receiver for, assignment for the benefit of creditors of, or commencement of any bankruptcy or insolvency proceeding by or against Borrower, its Subsidiaries or
Affiliates, if any, or any general partner of or the holder(s) of the majority ownership interests of Borrower, or any party to the Loan Documents. Material Capital Structure or Business Alteration. Without prior written consent of Bank,
(i) a material alteration in the kind or type of Borrower’s business or that of Borrower’s Subsidiaries or Affiliates, if any; (ii) the sale of substantially all of the business or assets of Borrower, any of Borrower’s
Subsidiaries or Affiliates or any guarantor, or a material portion (10% or more) of such business or assets if such a sale is outside the ordinary course of business of Borrower, or any of Borrower’s Subsidiaries or Affiliates or any guarantor,
or more than 50% of the outstanding stock or voting power of or in any such entity in a single transaction or a series of transactions; (iii) the acquisition of substantially all of the business or assets or more than 50% of the outstanding
stock or voting power of any other entity; or (iv) should any Borrower or any of Borrower’s Subsidiaries or Affiliates or any guarantor enter into any merger or consolidation. Material Adverse Change. Bank determines in good faith,
in its sole discretion, that the prospects for payment or performance of the Obligations are impaired or there has occurred a material adverse change in the business or prospects of Borrower, financial or otherwise. 
 REMEDIES UPON DEFAULT. If a Default occurs under this Note or any Loan Documents, Bank may at any time thereafter, take the following actions: Bank Lien.
Foreclose its security interest or lien against Borrower’s deposit accounts and investment property without notice. Acceleration Upon Default. Accelerate the maturity of this Note and, at Bank’s option, any or all other Obligations,
other than Obligations under any swap agreements (as defined in 11 U.S.C. § 101, as in effect from time to time) between Borrower and Bank, or its affiliates, which shall be due in accordance with and governed by the provisions of said swap
agreements; whereupon this Note and the accelerated Obligations shall be immediately due and payable; provided, however, if the Default is based upon a bankruptcy or insolvency 

  

 Page 3 

 
proceeding commenced by or against Borrower or any guarantor or endorser of this Note, all Obligations (other than Obligations under any swap agreement as
referenced above) shall automatically and immediately be due and payable. Cumulative. Exercise any rights and remedies as provided under the Note and other Loan Documents, or as provided by law or equity. 
 ANNUAL FINANCIAL STATEMENTS. Borrower shall deliver to Bank, within 90 days after the close of each fiscal year, unaudited management-prepared financial
statements reflecting its operations during such fiscal year, including, without limitation, a balance sheet, profit and loss statement and statement of cash flows, with supporting schedules and in reasonable detail, prepared in conformity with
generally accepted accounting principles, applied on a basis consistent with that of the preceding year. If unaudited statements are required, such statements shall be certified as to their correctness by a principal financial officer of Borrower.

 FINANCIAL AND OTHER INFORMATION. Borrower shall deliver to Bank such information as Bank may reasonably request from time to time, including
without limitation, financial statements and information pertaining to Borrower’s financial condition. Such information shall be true, complete, and accurate. 
 CONFESSION OF JUDGMENT. Each Borrower hereby constitutes and appoints John G. Fox, Thomas G. Cooper, Sr. (each of whom is an officer of Bank), and Bank through an officer duly authorized by Bank (any of the foregoing may act), as the
true and lawful attorneys-in-fact for them, in any or all of their names, place and stead, and upon the occurrence of a Default in the payment of the Obligations due under this Note, at maturity, or upon acceleration, to confess judgment against
them or any of them, in favor of Bank, before the Clerk of the Circuit Court for City of Richmond, Virginia, in accordance with 1950 Code of Virginia, Section 8.01-431 et seq., and any successor statute, for all amounts owed with respect
to the Obligations under and pursuant to this Note including, without limitation, all costs of collection and attorneys’ fees in an amount equal to 15% of the Obligations then outstanding (which shall be deemed reasonable attorneys’ fees
for the purposes of this paragraph), and court costs, hereby ratifying and confirming the acts of said attorney-in-fact as if done by themselves. Upon request of Bank, each Borrower will execute an amendment or other agreement substituting
attorneys-in-fact appointed to act for each Borrower hereunder. 
 WAIVERS AND AMENDMENTS. No waivers, amendments or modifications of this Note and
other Loan Documents shall be valid unless in writing and signed by an officer of Bank. No waiver by Bank of any Default shall operate as a waiver of any other Default or the same Default on a future occasion. Neither the failure nor any delay on
the part of Bank in exercising any right, power, or remedy under this Note and other Loan Documents shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise thereof or the exercise of
any other right, power or remedy. 
 Except to the extent otherwise provided by the Loan Documents or prohibited by law, each Borrower and each other person
liable under this Note waives presentment, protest, notice of dishonor, demand for payment, notice of intention to accelerate maturity, notice of acceleration of maturity, notice of sale and all other notices of any kind. Further, each agrees that
Bank may (i) extend, modify or renew this Note or make a novation of the loan evidenced by this Note, and/or (ii) grant releases, compromises or indulgences with respect to any collateral securing this Note, or with respect to any Borrower
or other person liable under this Note or any other Loan Documents, all without notice to or consent of each Borrower and other such person, and without affecting the liability of each Borrower and other such person; provided, Bank may not extend,
modify or renew this Note or make a novation of the loan evidenced by this Note without the consent of the Borrower, or if there is more than one Borrower, without the consent of at least one Borrower; and further provided, if there is more than one
Borrower, Bank may not enter into a modification of this Note which increases the burdens of a Borrower without the consent of that Borrower. 
 MISCELLANEOUS PROVISIONS. Assignment. This Note and the other Loan Documents shall inure to the benefit of and be binding upon the parties and their respective heirs, legal representatives, successors and assigns. Bank’s
interests in and rights under this Note and the other Loan Documents are freely assignable, in whole or in part, by Bank. In addition, nothing in this Note or any of the other 

  

 Page 4 

 
Loan Documents shall prohibit Bank from pledging or assigning this Note or any of the other Loan Documents or any interest therein to any Federal Reserve
Bank. Borrower shall not assign its rights and interest hereunder without the prior written consent of Bank, and any attempt by Borrower to assign without Bank’s prior written consent is null and void. Any assignment shall not release Borrower
from the Obligations. Organization; Powers. Borrower represents that Borrower (i) is (a) an adult individual and is sui juris, or (b) a corporation, general partnership, limited partnership, limited liability company or
other legal entity, duly organized, validly existing and in good standing under the laws of its state of organization, and is authorized to do business in each other jurisdiction wherein its ownership of property or conduct of business legally
requires such organization (ii) has the power and authority to own its properties and assets and to carry on its business as now being conducted and as now contemplated; and (iii) has the power and authority to execute, deliver and
perform, and by all necessary action has authorized the execution, delivery and performance of, all of its obligations under this Note and any other Loan Document to which it is a party. Compliance with Laws. Borrower represents that Borrower
and any subsidiary and affiliate of Borrower and any guarantor are in compliance in all respects with all federal, state and local laws, rules and regulations applicable to its properties, operations, business, and finances, including, without
limitation, any federal or state laws relating to liquor (including 18 U.S.C. § 3617, et seq.) or narcotics (including 21 U.S.C. § 801, et seq.) and/or any commercial crimes; all applicable federal, state and local laws and regulations
intended to protect the environment; and the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), if applicable. None of Borrower, or any subsidiary or affiliate of Borrower or any guarantor is a Sanctioned Person or has
any of its assets in a Sanctioned Country or does business in or with, or derives any of its operating income from investments in or transactions with, Sanctioned Persons or Sanctioned Countries in violation of economic sanctions administered by
OFAC. The proceeds from the Loan will not be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Country. “OFAC” means the U.S. Department of the
Treasury’s Office of Foreign Assets Control. “Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/programs/index.shtml, or as otherwise published from time to time. “Sanctioned Person” means (i) a person named on the list of Specially Designated Nationals or Blocked Persons maintained
by OFAC available at http://www.treas.gov/offices/enforcement/ofac/sdn/index.shtml, or as otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a
Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. Applicable Law; Conflict Between Documents. This Note and, unless otherwise provided in any other
Loan Document, the other Loan Documents shall be governed by and interpreted in accordance with federal law and, except as preempted by federal law, the laws of the state named in Bank’s address on the first page hereof without regard to that
state’s conflict of laws principles. If the terms of this Note should conflict with the terms of any loan agreement or any commitment letter that survives closing, the terms of this Note shall control. Borrower’s Accounts. Except as
prohibited by law, Borrower grants Bank a security interest in all of Borrower’s deposit accounts and investment property with Bank and any of its affiliates. Swap Agreements. All swap agreements (as defined in 11 U.S.C. § 101, as
in effect from time to time), if any, between Borrower and Bank or its affiliates are independent agreements governed by the written provisions of said swap agreements, which will remain in full force and effect, unaffected by any repayment,
prepayment, acceleration, reduction, increase or change in the terms of this Note, except as otherwise expressly provided in said written swap agreements, and any payoff statement from Bank relating to this Note shall not apply to said swap
agreements except as otherwise expressly provided in such payoff statement. Jurisdiction. Borrower irrevocably agrees to non-exclusive personal jurisdiction in the state named in the Bank’s address on the first page hereof.
Severability. If any provision of this Note or of the other Loan Documents shall be prohibited or invalid under applicable law, such provision shall be ineffective but only to the extent of such prohibition or invalidity, without invalidating
the remainder of such provision or the remaining provisions of this Note or other such document. Payments. All payments shall be mailed to Bank at Commercial Loan Services, P. O. Box 740502, Atlanta, GA 30374-0502; or other such address as
provided by Bank in writing. Notices. Any notices to Borrower shall be sufficiently given, if in writing and mailed or delivered to the Borrower’s address shown above or such other address as provided hereunder, and to Bank, if in
writing and mailed or delivered to Wachovia Bank, National Association, Mail Code VA7628, P. O. Box 13327, Roanoke, VA 24040 or Wachovia Bank, National Association, Mail Code VA7628, 10 South 

  

 Page 5 

 
Jefferson Street, Roanoke, VA 24011 or such other address as Bank may specify in writing from time to time. Notices to Bank must include the mail code. In
the event that Borrower changes Borrower’s address at any time prior to the date the Obligations are paid in full, Borrower agrees to promptly give written notice of said change of address by registered or certified mail, return receipt
requested, all charges prepaid. Plural; Captions. All references in the Loan Documents to Borrower, guarantor, person, document or other nouns of reference mean both the singular and plural form, as the case may be, and the term
“person” shall mean any individual, person or entity. The captions contained in the Loan Documents are inserted for convenience only and shall not affect the meaning or interpretation of the Loan Documents. Advances. Bank may, in
its sole discretion, make other advances which shall be deemed to be advances under this Note, even though the stated principal amount of this Note may be exceeded as a result thereof. Posting of Payments. All payments received during normal
banking hours after 2:00 p.m. local time at the address for payments set forth above shall be deemed received at the opening of the next banking day. Joint and Several Obligations. If there is more than one Borrower, each is jointly and
severally obligated together with all other parties obligated for the Obligations. Fees and Taxes. Borrower shall promptly pay all documentary, intangible recordation and/or similar taxes on this transaction whether assessed at closing or
arising from time to time. LIMITATION ON LIABILITY; WAIVER OF PUNITIVE DAMAGES. EACH OF THE PARTIES HERETO, INCLUDING BANK BY ACCEPTANCE HEREOF, AGREES THAT IN ANY JUDICIAL, MEDIATION OR ARBITRATION PROCEEDING OR ANY CLAIM OR CONTROVERSY
BETWEEN OR AMONG THEM THAT MAY ARISE OUT OF OR BE IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY OTHER AGREEMENT OR DOCUMENT BETWEEN OR AMONG THEM OR THE OBLIGATIONS EVIDENCED HEREBY OR RELATED HERETO, IN NO EVENT SHALL ANY
PARTY HAVE A REMEDY OF, OR BE LIABLE TO THE OTHER FOR, (1) INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES OR (2) PUNITIVE OR EXEMPLARY DAMAGES. EACH OF THE PARTIES HEREBY EXPRESSLY WAIVES ANY RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES
THEY MAY HAVE OR WHICH MAY ARISE IN THE FUTURE IN CONNECTION WITH ANY SUCH PROCEEDING, CLAIM OR CONTROVERSY, WHETHER THE SAME IS RESOLVED BY ARBITRATION, MEDIATION, JUDICIALLY OR OTHERWISE. Patriot Act Notice. To help fight the funding of
terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. For purposes of this section, account shall be understood to
include loan accounts. Final Agreement. This Note and the other Loan Documents represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent agreements of the parties. There
are no unwritten agreements between the parties. 
 WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF BORROWER BY EXECUTION
HEREOF AND BANK BY ACCEPTANCE HEREOF, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE, THE LOAN DOCUMENTS OR
ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONNECTION WITH THIS NOTE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY WITH RESPECT HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO BANK
TO ACCEPT THIS NOTE. EACH OF THE PARTIES AGREES THAT THE TERMS HEREOF SHALL SUPERSEDE AND REPLACE ANY PRIOR AGREEMENT RELATED TO ARBITRATION OF DISPUTES BETWEEN THE PARTIES CONTAINED IN ANY LOAN DOCUMENT OR ANY OTHER DOCUMENT OR AGREEMENT
HERETOFORE EXECUTED IN CONNECTION WITH, RELATED TO OR BEING REPLACED, SUPPLEMENTED, EXTENDED OR MODIFIED BY, THIS NOTE. 
 SIGNATURE(S) ON FOLLOWING PAGE

  

 Page 6 

 IN WITNESS WHEREOF, Borrower, on the day and year first above written, has caused this Note to be duly executed
under seal. 
  

					
	Roanoke Gas Company	 	
			
	By:	 	 /s/ John B. Williamson, III
	 	(SEAL)
		 	John B. Williamson, III, CEO/President	 	
			
	By:	 	 /s/ Howard T. Lyon
	 	(SEAL)
		 	Howard T. Lyon, Controller/Treasurer	 	

  

 Page 7Employment Agreement

 Exhibit 10.9 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”) is made and
entered into as of December 17, 2007, by and between NovaStar Financial, Inc. (the “Company”) and Todd M. Phillips (the “Employee”). 
 1. EMPLOYMENT BY THE COMPANY 
 1.1
Employment. The Company hereby employs Employee, and Employee hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement. 
 1.2 Duties. Employee initially shall be employed by the Company in the position of Vice President - Controller. Employee shall perform for and on
behalf of the Company such duties as the chief executive officer or Board of Directors of the Company shall assign from time to time, and shall perform such duties in accordance with the Company’s policies and practices, including, but not
limited to, its employment policies and practices. 
 1.3 Efforts. Employee hereby agrees that he will devote all of his working time
and attention and give his diligent effort and skill exclusively to the business and interests of Company, and that he will perform such services as may from time to time be assigned to Employee, and shall do his utmost to further enhance and
develop the best interests and welfare of the Company in all respects. Employee agrees that he will give full attention and fully comply with the rules and procedures as may from time to time be promulgated by Company in its sole discretion.

 1.4 Conflicts. Employee shall not, without prior written consent of the Company, at any time during his employment with the
Company: (a) accept employment with, or render services of a business, professional or commercial nature to any person other than the Company; (b) engage in, own or provide financial or other assistance to any person, venture or activity
which the Company may in good faith consider to be competitive with or adverse to the Company, whether directly or indirectly, alone or with any other person as a principle, agent, shareholder, participant, partner, promoter, director, officer,
manager, employee, consultant, sales representative or otherwise; or (c) engage in any venture or activity that the Company may in good faith consider to interfere with Employee’s performance of his duties. 
 1.5 Authority. Employee represents that he has not entered into any agreement that is effective at the time of the execution of this Agreement
which would prevent Employee from performing his duties to the Company. Employee is not authorized by the Company to take, use, disclose or otherwise misappropriate any confidential, business proprietary, trade secret and/or other any other business
information from any of Employee’s former employers to perform his job duties with the Company, and Employee hereby covenants and agrees that Employee shall not use or disclose any such information to the Company in performing his job duties
for the Company or otherwise. 
 2. COMPENSATION 
 2.1 Base Salary. The Company agrees to pay Employee an annual base salary (“Base Salary”) of $145,000.00, payable in accordance with the Company’s regular payroll schedule and subject to
applicable deductions and withholdings. The Company may increase or decrease Employee’s Base Salary at any time in its sole discretion, subject to the rights of Employee under Section 5 of this Agreement. 
 2.2 2007 Performance Bonus. Employee shall be paid a Performance Bonus of $68,400 on the first regularly scheduled pay day in 2008. The foregoing
is hereby deemed to be fully earned and shall not be subject to modification by the Company without the written consent of Employee. 

 2.3 Future Performance Bonuses. Employee shall be eligible to receive incentive compensation
(“Incentive Pay”) based upon goals established by the Company from time to time. The Incentive Pay target is 50% of Base Salary, with a maximum of 100%. The Company may prospectively increase or decrease Employee’s Incentive
Pay and any Incentive Pay target amount thereof, and may prospectively modify any Incentive Pay program or structure, at any time in its sole discretion, subject to the rights of Employee under Section 5 of this Agreement; provided, however,
that the Company shall not have the right to decrease or alter the terms of any Incentive Pay to the extent the amount or terms thereof are set forth in a written agreement between Employee and the Company, other than modifications made in
accordance with the terms of such agreement. Incentive Pay for any calendar year or portion thereof shall be deemed earned only at the end of such calendar year, except to the extent otherwise provided in this Agreement or any other written
agreement between Employee and the Company. Should Employee no longer be employed by the Company on the date on which any Incentive Pay is deemed pursuant to the foregoing to be earned, Employee shall not be eligible or entitled to such Incentive
Pay or to any pro-rata portion thereof, except to the extent otherwise provided in this Agreement or any other written agreement between Employee and the Company. 
 2.4 Benefits. Employee shall be entitled to participate in any employee benefits plans, perquisites and fringe benefits that the Company extends generally from time to time to employees of the Company at the
level of Employee. Separate written descriptions of available benefits will be provided or made available from time to time, and the Company reserves, in its sole and absolute discretion, the right to modify these benefits in whole or in part at any
time. 
 2.5 Vacation. Employee shall be entitled to 3 weeks of paid vacation per calendar year, with such vacation to be accrued and
taken in accordance with the Company’s standard vacation policies. 
 2.6 Business Expenses. The Company shall reimburse Employee
for any and all necessary, customary and usual expenses, properly receipted in accordance with the Company’s policies and procedures, incurred by Employee on behalf of the Company. 
 2.7 Equity Awards. Equity or equity-based compensation awards including, without limitation, stock options and/or restricted stock
(“Equity Awards”) may be offered to certain employees of the Company from time to time, at the sole discretion of the Company. Such Equity Awards, if any, shall be governed solely by one or more separate agreements and the
provisions of any plan governing such awards. 
 3. AT WILL EMPLOYMENT 
 Employee and the Company acknowledge that there is no agreement, express or implied, between them for any specified term or period of employment, nor for
continuing or long-term employment. The employment relationship between Employee and the Company is completely and, in all respects, at-will. Each of Employee and the Company has the separate and absolute right to terminate the employment
relationship, at any time, with or without cause, for any reason or no reason and no reason need be given. The fact that other sections of this Agreement provide differential post-termination benefits to Employee on the basis of whether Employee is
terminated with Cause or without Cause, as defined below, and the fact that the other rights and obligations set forth in this Agreement remain in effect for a specified period of time, do not undermine the at-will nature of the employment
relationship. This is the entire agreement between Employee and the Company regarding the matters set forth in this paragraph. 

 4. TERMINATION OF EMPLOYMENT BY THE COMPANY 
 4.1 Termination For Cause. Employee’s employment may be terminated by the Company for Cause at any time. For purposes of this Agreement,
“Cause” shall mean the existence of or a good faith belief by the Company in the existence of facts which constitute a basis for termination of Employee’s employment in view of relevant factors and circumstances, which may
include, but are not limited to, Employee’s duties, responsibilities, conduct on the job or otherwise, job performance, and employment record. Acts or omissions that constitute Cause include, but are not limited to: 
 (a) Breach of any of the terms of this Agreement; 
 (b) Failure to perform material duties in accordance with the standards from time to time established by the Company; 
 (c) Neglect in performance of or failure to attend to the performance of material duties; 
 (d) Insubordination or willful breach of policies and procedures of the Company; 
 (e) Breach of fiduciary duties; or 
 (f) Conduct that the Company determines in good faith may impair or tend to impair the integrity of the Company, including but not limited to commission of a felony, theft, misappropriation, embezzlement, dishonesty,
or criminal misconduct. 
 4.2 Termination For Death or Disability. Employee’s employment shall be terminated by the Company upon
the death of Employee, and may be terminated by the Company upon the disability of Employee, consistent with any rights or obligations of the Company and the Employee under the Americans with Disabilities Act, or any other applicable constitutional
provision or statute. Termination for death or disability is separate and distinct from termination with Cause or Good Reason and from termination without Cause or Good Reason, and will give rise only to the rights and obligations expressly provided
in Section 6.3 hereof.  
 4.3 Termination Without Cause. Employee’s employment may be terminated by the Company
without Cause at any time and at its sole discretion. 
 5. TERMINATION OF EMPLOYMENT BY EMPLOYEE 
 5.1 Termination for Good Reason. Employee’s employment may be terminated by Employee at any time for Good Reason. For purposes of this
Agreement, “Good Reason” shall mean the occurrence, without the Employee’s consent, of any one or more of the following events: 
 (a) Except in connection with the Company’s termination of Employee’s employment for Cause pursuant to Section 4.1 or as a result of Employee’s death or disability: (i) a material reduction in
Employee’s Base Salary or Incentive Pay target; or (ii) a decrease in the responsibilities of Employee to a level that, on the whole, is materially inconsistent with the position for which Employee is then employed by the Company; or

 (b) The Company requires that Employee relocate more than fifty (50) miles from the location at which Employee is
employed by the Company on the date hereof, and the Employee objects to such relocation in writing prior to Employee’s actual relocation. 

 (c) The Company’s material breach of any of the provisions of this Agreement or of
any other agreement between the Company and Employee concerning Incentive Pay or Equity Awards.Error! No bookmark name given. 
 5.2
Notice and Cure. Notwithstanding the foregoing, a termination of employment by Employee shall not be considered as having occurred for Good Reason unless Employee provides written notice of his objection to the event constituting Good Reason
within thirty (30) days following the occurrence thereof, specifying that Employee believes such event to constitute Good Reason, and the Company has been afforded a period of at least thirty (30) days following delivery of such notice to
remedy the event constituting Good Reason and has not done so. 
 5.3 Termination Without Good Reason. Employee’s employment may
be terminated by Employee without Good Reason at any time. 
 6. TREATMENT OF COMPENSATION AND BENEFITS UPON TERMINATION 

6.1 For Cause or Without Good Reason. If Employee is terminated by the Company for Cause or if Employee terminates his employment without Good
Reason: 
 (a) Employee shall not be entitled to any continuation of Base Salary, other than Base Salary accrued but unpaid at
the date of termination of Employee’s employment; 
 (b) Employee shall not be entitled to Incentive Pay not earned prior
to the date of termination of Employee’s employment; 
 (c) Employee shall be entitled to receive reimbursement for
business expenses incurred prior to the date of termination of Employee’s employment to the extent provided in Section 2.5 hereof; 
 (d) Employee shall not be entitled to continue to receive any benefits from the Company after the date of termination of Employee’s employment, except as otherwise required by the applicable benefit plan or
applicable law. 
 6.2 Other than for Cause; for Good Reason. If Employee’s employment is terminated by the Company other than
for Cause, or by the Employee for Good Reason: 
 (a) Employee shall receive compensation at the same rate as Employee’s
Base Salary in effect on the date of termination of Employee’s employment, for the period commencing on the date of termination and continuing until the date that is nine (9) months following the date of termination of Employee’s
employment, pursuant to a “Consultancy Agreement” between Employee and the Company, the terms and conditions of which are outlined in Section 8.4 of this Agreement; 
 (b) Employee shall be entitled to payment, within ten (10) days following termination, of (i) all Incentive Pay fully earned
prior to or upon the date of termination of Employee’s employment (including, without limitation, the full amount of the 2007 Performance Bonus); and (ii) to the extent and only to the extent determined by the Company in its sole and
absolute discretion, or required by any other written agreement between Employee and the Company, Incentive Pay not otherwise fully earned prior to the date of termination of Employee’s employment; 

 (c) Employee shall be entitled to receive reimbursement for business expenses incurred
prior to the date of termination of Employee’s employment to the extent provided in Section 2.5 hereof; 
 (d) Employee shall not be entitled to continue to receive any benefits from the Company after the date of termination of Employee’s employment, except as otherwise required by the applicable benefit plan or applicable law. 

6.3 For Death or Disability. If Employee’s employment is terminated by reason of the death or disability of Employee: 
 (a) Employee shall not be entitled to any continuation of Base Salary, other than Base Salary accrued but unpaid at the date of
termination of Employee’s employment; 
 (b) Employee shall be entitled to payment, within ten (10) days
following termination, of (i) all Incentive Pay fully earned prior to or upon the date of termination of Employee’s employment; and (ii) to the extent and only to the extent determined by the Company in its sole and absolute
discretion, or required by any other written agreement between Employee and the Company, Incentive Pay not otherwise fully earned prior to the date of termination of Employee’s employment; 
 (c) Employee shall be entitled to receive reimbursement for business expenses incurred prior to the date of termination of Employee’s
employment to the extent provided in Section 2.5 hereof; 
 (d) Employee shall not be entitled to continue to receive any
benefits from the Company after the date of termination of Employee’s employment, except as otherwise required by the applicable benefit plan or applicable law. 
 6.4 After Change in Control by Company Other than for Cause or by Employee for Good Reason. If Employee’s employment shall be terminated after a Change in Control, as defined in Section 6.5,
(a) by Company other than for Cause, or (b) by Employee for Good Reason, Employee shall be entitled to the following additional benefits, in addition to those otherwise provided for in this Agreement (including, without limitation,
Section 6.2 hereof): 
 (a) Employee shall be paid an amount (the “Severance Amount”) equal to one
(1) times the Employee’s combined current year Base Salary and actual Incentive Pay for the preceding fiscal year; provided, however, the Severance Amount shall not be less than Two Hundred Thousand Dollars ($200,000.00). The Severance
Amount shall be paid in a single lump sum within ten (10) days following termination of Employee’s employment by the Company other than for Cause or by Employee for Good Reason. 
 (b) Vesting for Equity Awards will accelerate to the date of termination. In other words, Employee shall immediately be vested with all
Equity Awards awarded by Company which have not been exercised prior to the termination date. The provisions of the agreements and/or plans governing the stock options and restricted stock will otherwise be controlling. 
 6.5 Change in Control. A “Change in Control” shall be deemed to have occurred if the conditions set forth in any one of the
following paragraphs shall have been satisfied. 

 (a) Any “person” as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934 (the “Exchange Act”) (other than Company; any trustee or other fiduciary holding securities under an executive benefit plan of Company; or any company owned, directly or indirectly, by the stockholders of
Company in substantially the same proportions as their ownership of the stock of Company), is or becomes the “beneficial owner” (as defined by Rule 13d-3 under the Exchange Act), directly or indirectly, of the securities of Company (not
including any securities acquired directly from Company or from a transferor in a transaction expressly approved or consented to by the Board of Directors) representing more than 25% of the combined voting power of Company’s then outstanding
securities; or 
 (b) During any period of two consecutive years (not including any period prior to the execution of the
Agreement), individuals who at the beginning of such period constitute the Board of Directors and any new director (other than a director designated by a person who has entered into an agreement with Company to effect a transaction described in
clause (a), (c) or (d) of this section), (i) whose election by the Board of Directors or nomination for election by Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved or (ii) whose election is to replace a person who ceases to be a director due to death, disability or age,
cease for any reason to constitute a majority thereof; or 
 (c) The stockholders of Company approve a merger or consolidation
of Company with another corporation, other than (i) a merger or consolidation which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity), in combination with the ownership of any trustee or other fiduciary holding securities under an executive benefit plan of Company, at least 75% of the combined voting power of the voting
securities of Company or such surviving entity outstanding immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of Company (or similar transaction) in which no person
acquires more than 50% of the combined voting power of Company’s then outstanding securities; or 
 (d) The stockholders
of Company approve a plan of complete liquidation of Company or an agreement for the sale or disposition by Company of all or substantially all Company’s assets. 
 7. NON-COMPETITION 
 7.1 During Employment. Employee agrees that, during his employment by the
Company, he will not engage directly or indirectly, at any location within the United States, in any business of the same or similar nature to the business of the Company or of any Affiliate thereof or to any business in which the Company or any
Affiliate thereof is engaged in developing, nor will Employee participate directly or indirectly in the ownership or management of any enterprise engaged in such a business within the United States, including ownership or management as defined by
the Sarbanes-Oxley Act of 2002. As used in this Agreement, an “Affiliate” of any person or entity means any other person or entity that controls, is controlled by, or is under common control with such first person or entity, with
“control” of an entity meaning direct or indirect ownership of fifty percent (50%) or more of the voting power or economic interests of such entity. 

 8. ADDITIONAL OBLIGATIONS 
 8.1 Non-Interference. Employee agrees that during the term of his employment with the Company and for a period of one (1) year after
termination of employment with the Company for any reason, Employee shall not interfere with the business of the Company or any of its Affiliates. 
 8.2 Non-Solicitation. Employee agrees that during the term of his employment with the Company and for a period of one (1) year after termination of employment with the Company for any reason, Employee shall not directly or
indirectly solicit or encourage any of the employees of the Company or of any Affiliate thereof to leave such employment and/or to work for another company or business, whether or not the solicited employee would commit any breach of his own
employment terms by leaving the service of the Company or of such Affiliate. 
 8.3 Non-Disparagement. Employee agrees that he will
not, at any time during the term of his employment with the Company or thereafter, in any way disparage the Company or any of its Affiliates (or any of their respective directors, officers, managers, employees or other representatives), and will not
make or solicit any comments, statements, or the like to others that are derogatory or detrimental to the good name or business reputation of the Company or of any Affiliate thereof. 
 8.4 Consultancy Agreement. 
 (a) Employee shall enter into, and shall be conclusively deemed to have entered into, a consultancy agreement with Company upon the terms of this Section 8.4 (i) immediately upon termination of Employee’s employment without
Cause by the Company or for Good Reason by Employee, or (ii) at the Company’s sole discretion, immediately upon the Company’s request following termination of Employee’s employment with Cause by the Company or without Good Reason
by Employee. The term of the consultancy will commence on the date of termination of Employee’s employment and shall continue until the date that is six (6) months following the date of termination of Employee’s employment (the
“Consulting Period”). In exchange for Employee’s consulting services, Employee shall receive compensation during the Consulting Period at the same rate as Employee’s Base Salary in effect on the date of termination of
Employee’s employment (“Consultancy Pay”), payable in equal monthly installments. 
 (b) During the
Consulting Period, Employee agrees to make himself available to the Company for up to ten (10) hours per week, whether by telephone, e-mail, or in person, on an as-needed basis to consult with respect to matters that were within Employee’s
job description during the course of Employee’s employment. Employee agrees to respond promptly, reasonably and cooperatively to the Company’s requests for assistance. Barring special circumstances, the consulting hours shall not be
cumulative; accordingly, hours not used within a given week will be waived by the Company, but Employee will receive his full pay under Section 8.4(a). However, the Company reserves the right to require Employee to provide more than ten
(10) hours of service per week in the event that special circumstances arise in which Employee’s unique assistance is required by the Company. (Examples of special circumstances include, but are not limited to assistance in litigation or
responding to regulatory inquiries). Notwithstanding the foregoing, in the event that Employee accepts employment or other consulting work within the Consulting Period, Employee will be required to spend no more than five (5) hours per week
consulting with the Company. 
 (c) In order to protect the Company’s confidential and trade secret information from use
or disclosure to a party other than the Company, and to enable the Company to be able to obtain the benefits of Employee’s consulting obligations hereunder, Employee agrees that during the Consulting Period, Employee (i) will continue to
abide by the provisions of 

 
paragraphs 8.1, 8.2 and 8.3 above, and (ii) shall not directly or indirectly contact, solicit, divert or take away, or attempt to contact, solicit,
divert, or take away, the business or patronage of any of the clients, customers, or accounts, or prospective clients, customers, or accounts of the Company or of any of its Affiliates. 
 9. CONFIDENTIALITY/TRADE SECRETS 
 9.1
Confidential Information. For the purpose of this Agreement, “Confidential Information” means any technology, ideas, concepts, design, devices or other information belonging to or relating to the affairs of the Company or any
Affiliate thereof, including, but not limited to, (a) all trade secrets, unpublished proprietary or other information with respect to any business conducted or proposed to be conducted by the Company or any Affiliate thereof, (b) any
present or proposed services or products, (c) all lending policies and procedures, contracts and agreements with lenders, investors, and other clients, and information regarding lenders, investors, loan applicants, and borrowers, (d) the
manner in which business is conducted, sales techniques, and methods of data processing, and (e) budgets, forecasts, and financial information; provided, however, that Confidential Information shall not include any information that has entered
or enters the public domain through no fault of Employee. 
 9.2 Value and Secrecy. Employee acknowledges and agrees that the
Confidential Information has independent actual or potential economic value from not being generally known to the public or to other persons who can obtain economic value from its disclosure or use, is not readily available or independently
ascertainable through any source other than Company and its Affiliates, and is subject to reasonable efforts to maintain its secrecy. 
 9.3
Ownership. Employee understands and agrees that any and all Confidential Information produced or used by Employee during the period of employment belongs to the Company and its Affiliates and not to Employee. 
 9.4 Restrictions on Use and Disclosure. In recognition that the business of the Company and that the nature of Employee’s work will require
Employee to have access to Confidential Information which, if disclosed in an unauthorized manner, could be highly prejudicial to the Company, its Affiliates, and/or their respective clients: 
 (a) Employee agrees not to make any use whatsoever, directly or indirectly, at any time, of any Confidential Information, except as
required in the course of his employment with or provision of consulting services to the Company. 
 (b) Employee agrees not
to disclose in any manner any Confidential Information, directly or indirectly, during employment with the Company or following termination of employment, except as required in the course of his employment with or provision of consulting services to
the Company, or as required by applicable law, judicial or regulatory process, or other governmental authority. 
 (c)
Employee agrees to take, during his employment with the Company and following termination of employment, all precautions reasonably necessary to prevent the unauthorized use, disclosure, or dissemination of Confidential Information then his
possession or control. 

 (d) Upon termination of employment, Employee will immediately turn over to the Company
all Confidential Information, including all copies thereof, created or obtained by, or otherwise in the possession of, Employee. 
 9.5
Other Rights. Employee recognizes and acknowledges that none of the above provisions, nor the Company’s exercise of any rights under this Agreement, shall limit the rights of the Company under applicable statutes and common law rules
regarding trade secrets, including, without limitation, the Uniform Trade Secrets Act. 
 10. MISCELLANEOUS 
 10.1 Section 409A Requirements. To the extent applicable, this Agreement shall be interpreted, construed and operated in accordance with the
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury regulations and other guidance issued thereunder. If on the date of the Employee’s separation from service (as defined in
Treasury Regulation §1.409A-1(h)) with the Company the Employee is a specified employee (as defined in Code Section 409A and Treasury Regulation §1.409A-1(i)), then, notwithstanding any other provision of this Agreement, no
payment constituting the “deferral of compensation” within the meaning of Treasury Regulation §1.409A-1(b) and after application of the exemptions provided in Treasury Regulation §§1.409A-1(b)(4) and 1.409A-1(b)(9)(iii)
shall be made to the Employee at any time during the six (6) month period following the Employee’s separation from service, and any such amounts shall instead be paid in a lump sum on the first payroll payment date following
expiration of such six (6) month period. For purposes of conforming this Agreement to Section 409A of the Code, the parties agree that any reference to termination of employment, severance from service or similar terms shall mean a
“separation from service” as defined in Treasury Regulation §1.409A-1(h). 
 10.2 Specific Performance. Employee
understands and expressly acknowledges that the provisions of Sections 7, 8 and 9 of this Agreement are material terms of this Agreement. Employee acknowledges that any breach of the provisions of Section 7, 8 or 9 of this Agreement shall
result in serious and irreparable injury to the Company for which the Company cannot be adequately compensated by monetary damages alone. Employee agrees, therefore, that, in addition to any other remedies it may have, the Company shall be entitled
to enforce the specific performance of this Agreement and to seek both temporary and permanent injunctive relief (to the extent permitted by law). 
 10.3 Successors and Assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company. Employee cannot assign any right or obligation
under this Agreement without the prior written consent of the Company. 
 10.4 Entire Agreement; Amendment. Except for Incentive Pay
and Equity Award agreements and any other agreements referenced herein that have or may be entered into by the Company and Employee, this Agreement constitutes the entire agreement between the parties with respect to the subject matter of this
Agreement and supercedes any prior agreement by and between the parties with respect to the subject matter hereof. This Agreement can be modified only by a written instrument executed by Employee and an officer of the Company duly authorized to do
so by the Board of Directors of the Company. 
 10.5 Waiver. Failure to insist upon compliance with any of the terms, covenants or
conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver
of or relinquishment of such right or power at any other time or times. 

 10.6 Headings. Section headings in this Agreement are included for convenience of reference only
and shall not constitute a part of this Agreement for any purpose. 
 10.7 Severability. In the event that one or more of the
provisions contained herein are held to be invalid by a court of competent jurisdiction, the remainder of the contract will continue in full force and effect. 
 10.8 Attorney’s Fees. The prevailing party in any action or dispute between the Company and Employee shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or
proceeding in addition to any other relief to which the prevailing party may be entitled. 
 10.9 Negotiation. The parties warrant and
agree that the terms of this Agreement were the subject of negotiations between them. Employee acknowledges that he has read this Agreement and has had full opportunity to seek independent legal advice before signing it. 
 10.10 Governing Law; Consent to Jurisdiction. This Agreement and the legal relations thus created between the parties hereto shall be governed by
and construed under and in accordance with the laws of the State of Missouri, without regard to conflicts of laws principles. FOR PURPOSES OF DETERMINING ANY CONTROVERSY ARISING UNDER THIS AGREEMENT, EACH OF THE PARTIES HEREBY CONSENTS TO THE
NON-EXCLUSIVE JURISDICTION, PERSONAL AND OTHERWISE, OF THE FEDERAL AND STATE COURTS OF THE STATE OF MISSOURI, AND HEREBY WAIVES ANY OBJECTIONS OF ANY NATURE TO VENUE IN SUCH COURTS.  
 [Signatures on following page.] 

 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the date first written
above. 
  

			
	EMPLOYEE:
	
	 /s/ Todd M. Phillips

	Todd M. Phillips
	
	COMPANY:
	
	NOVASTAR FINANCIAL, INC.
		
	By:	 	 /s/ Rodney E. Schwatken

		 	Rodney Schwatken
		 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]