Document:

Amended and Restated Executive Employment Agreement with Jeffrey Scott

 Exhibit 10.62 
 AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EXECUTIVE
EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of March 25, 2011 and is by and between GAIN Capital Holdings, Inc., a corporation organized under the laws of Delaware, including its subsidiaries and affiliates (the
“Company”) and Jeffrey Scott (“Executive”). 
 Recitals 

WHEREAS, the Executive is presently employed by the Company in the capacity of Chief Commercial Officer, pursuant to that certain Executive Employment
Agreement between the Company and Executive (the “Prior Agreement”), dated February 23, 2011 (the “Effective Date”); 

WHEREAS, the Company and the Executive desire to amend and restate the terms and conditions of the Prior Agreement in order to reflect certain desired
clarifications in the terms and continue Executive’s employment with the Company upon the amended and restated terms and conditions of this Agreement; and 
 WHEREAS, the Company and the Executive have agreed that this Agreement will supersede and replace the Prior Agreement as of the Effective Date. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations set forth herein, the parties hereto, intending to be legally bound, hereby agree as follows: 

1. Employment Term. The Company hereby agrees to employ the Executive directly or through a subsidiary, and the Executive hereby
agrees to continue such employment, as the Chief Commercial Officer of the Company, through the anniversary of the Effective Date, unless terminated sooner pursuant to Section 8 hereof (the “Term”). 

2. Representations and Warranties. The Executive represents that Executive is entering into this Agreement voluntarily and that
Executive’s employment hereunder and his compliance with the terms and conditions of this Agreement will not conflict with or result in the breach of any agreement to which Executive is a party or by which Executive may be bound, or any legal
duty that Executive owes or may owe to another. 
 3. Duties and Extent of Services. 

(a) During the Term, the Executive shall serve as Chief Commercial Officer of the Company and its primary operating subsidiaries, with
such duties, responsibilities and authority as are consistent with such position, subject to the oversight of the Company (the “Board”), and shall so serve faithfully and to the best of Executive’s ability under the direction
and supervision of the Chief Executive Officer. As an executive officer of the Company, the Executive shall be entitled to all of the benefits and protections to which all officers of the Company are entitled pursuant to the Company’s Amended
and Restated Certificate of Incorporation, which shall include, but not be limited to, the rights of indemnification set forth in such Amended and Restated Certificate of Incorporation, and coverage under the Company’s directors’ and
officers’ liability insurance as in effect from time to time. 
 (b) During the Term, the Executive agrees to devote
substantially his full business time, attention, and energies to the Company’s business and shall not be engaged in any other business activity, whether or not such business activity is pursued for gain, profit, or other pecuniary advantage.
Subject, however, to Section 11, 12 and 13 herein, the Executive may serve in charitable and civic positions and as 

  
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a director of other companies with the prior consent of the Chief Executive Officer, which consent shall not be unreasonably withheld. The Executive covenants, warrants, and represents that he
shall devote his full and best efforts to the fulfillment of his employment obligations, and he shall exercise the highest degree of loyalty and the highest standards of conduct in the performance of his duties. 

4. Compensation. 
 (a) Base Salary. The Company shall pay the Executive a base salary (the “Base Salary”) of not less than $325,000 , payable in bi-monthly installments. The Base Salary shall be
reviewed by the Board annually and may be increased in the Board’s sole discretion. The Executive shall not receive any additional compensation from any subsidiary of the Company following the date hereof. 

(b) Equity. During the Employment Period, the Executive will be eligible to participate in all long-term equity incentive programs
established by the Company for its employees, including the 2010 Omnibus Incentive Compensation Plan (or a successor thereto), at levels determined by the Compensation Committee in its sole discretion commensurate with the Executive’s position.
In addition, on the earlier of (i) the Company grant date that occurs during the first quarter of 2011 (if any) or (ii) the next scheduled grant date following the Start Date (as determined by the Compensation Committee), the Executive
will be granted an equity award pursuant to and subject to the terms and conditions of the 2010 Omnibus Incentive Compensation Plan (or successor plan) consisting of a number of shares of restricted stock and non-qualified stock options. The
approved grant will consist of 20,000 shares of restricted stock and 60,000 non-qualified stock options. All equity grants made to the Executive will vest in accordance with a vesting schedule that is consistent with other grants under the 2010
Omnibus Incentive Compensation Plan (or successor plan) and will be subject in all respects to the terms of the 2010 Omnibus Incentive Compensation Plan (or successor plan) and the agreement evidencing such grant. 

(c) Bonus. During the Executive’s employment under this Agreement, the Company shall cause the Executive to be eligible to
participate in each bonus or incentive compensation plan, program or policy maintained by the Company from time to time, in whole or in part, for the executive officers of the Company (each, an “Incentive Compensation Plan” and
payments thereunder, “Incentive Compensation”). The Executive’s target and maximum compensation under, and his performance goals and other terms of participation in, each Incentive Compensation Plan shall be determined by the
Company’s Compensation Committee in its sole discretion. The Executive’s target variable incentive cash bonus for 2011 is 75% of base salary for 2011. Any such Incentive Compensation is not guaranteed and is contingent upon the Executive
and the Company achieving deliverables or goals agreed upon. Any such Incentive Compensation shall not be considered “earned” by the Executive until the Company has allocated payment to be made to the Executive for any performance period.
Payment under any such Incentive Compensation Plan shall be made, if at all, after the close of the relevant performance period and by no later than March 15th of the year after the year in which the performance period ends. Notwithstanding
anything herein to the contrary, to the extent permitted or required by governing law, the Company’s Compensation Committee shall have discretion to require the Executive to repay to the Company the amount of any Incentive Compensation to the
extent the Compensation Committee or Board determines that such bonus was not actually earned by the Executive due to (A) the amount of such payment was based on the achievement of financial results that were subsequently the subject of a
material accounting restatement that occurs within three years of such payment (except in the case of a restatement due to a change in accounting policy or simple error); (B) the Executive has engaged in fraud, gross negligence or intentional
misconduct; or (C) the Executive has deliberately misled the market or the Company’s stockholders regarding the Company’s financial performance. 

  
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 5. Benefits. During the Term, the Executive shall be entitled to participate in any
and all benefit programs and arrangements generally made available by the Company to executive officers, including, but not limited to, pension plans, contributory and noncontributory welfare and benefit plans, disability plans and medical, death
benefit and life insurance plans for which the Executive may be eligible during the Term. Furthermore, the Executive shall be permitted four weeks of paid time off (“PTO”) during each calendar year. Accrued paid leave may be used
for vacation, professional enrichment and education, sickness and disability. Unused leave shall not accrue from one calendar year to another. 
 6. Expenses. During the Executive’s employment, the Executive will be reimbursed for travel, entertainment and other out-of-pocket expenses reasonably incurred by Executive on behalf of the
Company in the performance of Executive’s duties hereunder, so long as (a) such expenses are consistent with the type and amount of expenses that customarily would be incurred by similarly situated corporate executives in the United
States; and (b) the Executive timely provides copies of receipts for expenses in accordance with Company policy. 
 7.
Adherence to Company Policy. The Executive acknowledges that he is subject to insider information policies designed to preclude its employees from violating the federal securities laws by trading on material, non-public information or passing
such information on to others in breach of any duty owed to the Company or any third party. The Executive shall promptly execute any agreements generally distributed by the Company or to its employees requiring such employees to abide by its insider
information policies. 
 8. Termination. 
 (a) Disability. In accordance with applicable law, the Company may terminate the Executive’s employment at any time after the Executive becomes Disabled. As used herein,
“Disabled” means the incapacity of the Executive, due to injury, illness, disease, or bodily or mental infirmity, to engage in the performance of substantially all of the usual duties of employment with the Company. 

(b) Death. The Executive’s employment with the Company will terminate upon the death of the Executive. 

(c) Termination with Cause. The Company may terminate the Executive’s employment at any time for Cause by providing written
notice of such termination to the Executive. As used herein, “Cause” means any of the following, as determined by the Board: 
 (i) the Executive’s material breach of this Agreement; 
 (ii)
the Executive’s gross negligence (other than as a result of disability or occurring after the Executive’s provision of notice in connection with a resignation for Good Reason) or willful misconduct in carrying out his duties hereunder,
resulting in harm to the Company; 
 (iii) the Executive’s material breach of any of his fiduciary
obligations as an officer of the Company; 
 (iv) any conviction by a court of law of, or entry of a pleading of
guilty or nolo contendere by the Executive with respect to, a felony or any other crime for which fraud or dishonesty is a material element, excluding traffic violations; 

  
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 (v) the Executive willfully or recklessly engages in conduct which either is
materially or demonstrably injurious to the Company, monetarily or otherwise. 
 For purposes of determining Cause, no act or
omission by the Executive shall be considered “willful” unless it is done or omitted in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act or failure to act
based upon: (a) authority given pursuant to a resolution duly adopted by the Board, or (b) advice of counsel for the Company, shall be conclusively presumed to be done or omitted to be done by the Executive in good faith and in the best
interests of the Company. In addition, as to subsections (i)-(iii) above, if the action or inaction in question is susceptible of a cure, then no finding of Cause shall occur prior to written notice to the Executive setting forth in
reasonable detail the action or inaction at issue, and the Executive’s failure to cure such condition following a cure period of no less than sixty (60) days. 
 (d) Termination Without Cause. The Company, at the direction of the Board, may terminate the Executive’s employment without Cause at any time upon no less than ninety (90) days prior
written notice, or ninety (90) days’ pay in lieu of notice. 
 (e) Resignation for Good Reason. The Executive
may resign from his employment with the Company for Good Reason by providing written notice to the Chief Executive Officer that an event constituting Good Reason has occurred and the Executive desires to resign from his employment with the Company
as a result. Such notice must be provided to the Chief Executive Officer by the Executive within sixty (60) days following the initial occurrence of the event constituting Good Reason. After receipt of such written notice, the Chief Executive
Officer shall have a period of sixty (60) days to cure such event; provided, however, the Chief Executive Officer, may, at its sole option, determine not to cure such event and accept the Executive’s resignation effective thirty
(30) days following the Chief Executive Officer’s receipt of the Executive’s notice that an event constituting Good Reason has occurred. If the Chief Executive Officer does not cure the event constituting Good Reason within the
requisite sixty (60) day period, the Executive’s employment with the Company shall terminate on account of Good Reason thirty (30) days following the expiration of the Chief Executive Officer’s cure period, unless the Chief
Executive Officer determines to terminate the Executive’s employment prior to such date. As used herein, “Good Reason” means that, without the Executive’s consent, any of the following has occurred: 

(i) a material diminution in the Executive’s authority, duties or responsibilities; 

(ii) a material diminution in the Executive’s Base Salary; or 

(iii) any action or inaction by the Company that constitutes a material breach by the Company of its obligations under
this Agreement. 
 For the avoidance of doubt, in no event shall the expiration of this Agreement be construed as giving rise to Good Reason.

 (f) Resignation Without Good Reason. The Executive may resign from his employment with the Company without Good Reason
(as that term is defined in Section 8(c)) at any time upon no less than ninety (90) days prior written notice to the Chief Executive Officer. Upon such notice of resignation, the Company may, at its sole option, accept the
Executive’s resignation effective as of a date prior to the resignation date specified in the notice, and in such event, the earlier date will be the effective date of termination of the Executive’s employment for all purposes hereunder.

  
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 9. Compensation Upon Termination. 

(a) Disability. Upon termination of employment pursuant to Section 8(a), the Executive will receive any Base Salary
accrued and unpaid as of such date as well as any accrued but unused PTO and appropriate expense reimbursements. Such amounts will be paid as soon as practicable after the termination of employment. If the Executive becomes disabled before the end
of the fiscal year, the Executive will also receive Incentive Compensation for such fiscal year on a pro rata basis (1/12th of the aggregate Incentive Compensation payable to the Executive for such fiscal year for each month in which he was employed
on the last day of that month), but only to the extent that all prerequisites for receiving the Incentive Compensation have otherwise been satisfied. Such pro rata Incentive Compensation will be paid at the time that the Incentive Compensation is
payable to other executives. The Company shall have no further obligations under this Agreement to the Executive. 
 (b)
Death. In the event of the Executive’s death, the Executive’s estate will receive his Base Salary accrued and unpaid as of the date of his death as well as any accrued but unused PTO and appropriate expense reimbursements. Such
amounts will be paid as soon as practicable after the termination of employment. If the Executive dies before the end of the fiscal year, the Executive’s estate will receive Incentive Compensation for such fiscal year on a pro rata basis
(1/12th of the aggregate Incentive Compensation payable to the Executive for such fiscal year for each month in which he was employed on the last day of that month), but only to the extent that all prerequisites for receiving the Incentive
Compensation have otherwise been satisfied. Such pro rata bonus will be paid at the time that the Incentive Compensation is payable to other executives. The Company shall have no further obligations under this Agreement to the Executive. 

(c) Termination Without Cause or Resignation With Good Reason Other Than in Connection With a Change in Control. If, other than in
connection with a Change in Control as defined in Section 9(d), the Company terminates the Executive’s employment without Cause pursuant to Section 8(d) or if the Executive resigns for Good Reason pursuant to
Section 8(e), the Company will pay the Executive his Base Salary accrued and unpaid as of the date of termination of employment as well as any accrued but unused PTO and appropriate expense reimbursements. Such amounts will be paid as
soon as practicable after the termination of employment. In addition, subject to the Executive’s execution and nonrevocation of the general release of claims described in Section 9(f) below and compliance with the requirements of
Section 20 below, as well as Executive’s compliance with the restrictive covenants set forth in Sections 10 through 14 below, the Company will also pay and/or provide to the Executive the following: 

(i) severance in an amount equal to twelve (12) months of the Executive’s monthly Base Salary (the
“Severance Amount”), minus applicable deductions and withholdings, which shall be paid to the Executive in accordance with the Company’s normal payroll practices in equal installments over the twelve (12) month period
following Executive’s last day of employment and which shall commence as soon as administratively practicable following the expiration of the revocation period for the general release, but not later than sixty (60) days following the date
of Executive’s last day of employment with the Company; 
 (ii) in accordance with Section 4(c),
the Executive will receive any accrued and unpaid Incentive Compensation, minus applicable deductions and withholdings, for which he is eligible, with such amount to be paid in a lump sum as soon as practicable after the termination of employment;

 (iii) notwithstanding any eligibility requirement that the Executive must be employed by the Company as of the
date on which the Incentive Compensation is paid, if the Executive’s employment is terminated before such date in accordance with Section 8(d) or 8(e), he will be eligible to receive Incentive Compensation on a pro rata basis
(1/12th of the aggregate Incentive Compensation 

  
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payable to the Executive for such fiscal year for each month in which he was employed on the last day of that month (but not in duplication of the amount paid pursuant to clause (ii) of this
Section 9(c))), minus applicable deductions and withholdings, but only to the extent that all prerequisites for receiving the Incentive Compensation have otherwise been satisfied, with such pro rata Incentive Compensation being paid in a
lump sum at the same time that the Incentive Compensation is payable to other executives; 
 (iv) notwithstanding
any provision to the contrary in any applicable grant agreement or the Company’s 2010 Omnibus Incentive Compensation Plan (or a successor plan), all shares subject to Company equity grants (including without limitation stock options, stock
units and stock awards) that vest solely on the Executive’s continued employment with the Company for a specified period of time held by the Executive at the time of his termination date that would have vested within the twelve month
(12) month period following the Executive’s termination date if the vesting schedule for such grants were based on a monthly vesting schedule, as opposed to the vesting schedule set forth in his grant agreement, shall become vested on the
Executive’s termination date; and 
 (v) the Company will provide continued health benefits to the Executive
at the same premium rates charged to other then current employees of the Company for the twelve (12) month period following his termination of employment, unless the Executive is otherwise covered by health insurance provided by a future
employer. 
 For the avoidance of doubt, acceleration, if any, of equity grants that vest in whole or in part based on the
satisfaction of performance-based or market-based conditions will be governed by the terms of the applicable award agreement and/or plan. 
 The Company has no further obligation under this Agreement to the Executive upon his termination without Cause, resignation for Good Reason, or the Company’s decision not to extend or renew the
contract upon its scheduled expiration date. The obligations of the Company set forth in this Section 9(c) or Section 9(d) will be suspended and no longer enforceable if the Executive materially breaches the terms and
conditions of Sections 9(f), 7, 10, 11, 12, 13, 14 or 15, which material breach is not cured (if capable of cure) within ten (10) days written notice of such breach. For the avoidance of doubt, in no event shall the expiration of this
Agreement be construed as a termination without Cause or resignation for Good Reason. 
 (d) Termination Without Cause or
Resignation With Good Reason in Connection With a Change in Control. If, on or within twelve (12) months after a Change in Control as defined below, the Company terminates the Executive’s employment without Cause pursuant to
Section 8(d) or if the Executive resigns for Good Reason pursuant to Section 8(e), the Executive is entitled to his Base Salary accrued and unpaid as of the date of termination of employment as well as any accrued but unused
PTO and appropriate expense reimbursements. Such amounts will be paid as soon as practicable after the termination of employment. In addition, subject to the Executive’s execution and nonrevocation of the general release of claims described in
Section 9(f) below and compliance with the requirements of Section 20 below, the Executive shall be entitled to the following: 
 (i) severance in an amount equal to twelve (12) months of the Executive’s monthly Base Salary (the “Change in Control Severance Amount”), minus applicable deductions and
withholdings, which shall be paid to the Executive in a lump sum as soon as administratively practicable following the expiration of the revocation period for the general release, but not later than sixty (60) days following the date of
Executive’s last day of employment with the Company; 

  
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 (ii) in accordance with Section 4(c), the Executive will receive
any accrued and unpaid Incentive Compensation, minus applicable deductions and withholdings, for which he is eligible, with such amount to be paid in a lump sum as soon as practicable after the termination of employment; 

(iii) notwithstanding any eligibility requirement that the Executive must be employed by the Company as of the date on
which the Incentive Compensation is paid, if the Executive’s employment is terminated before such date in accordance with Section 8(d) or 8(e), he will be eligible to receive Incentive Compensation on a pro rata basis (1/12th of the
aggregate Incentive Compensation payable to the Executive for the fiscal year for each month in which he was employed on the last day of that month), minus applicable deductions and withholdings, based on the target Incentive Compensation for the
applicable period, with such pro rata bonus being paid in a lump sum as soon as administratively practicable following the expiration of the revocation period for the general release, but not later than sixty (60) days following the date of the
Executive’s last day of employment with the Company; 
 (iv) an amount equal to one times the
Executive’s aggregate target Incentive Compensation for the fiscal year of the Company in which the termination of employment occurs, determined without regard to any reduction thereof that constitutes Good Reason, with such amount to be paid
in a lump sum as soon as administratively practicable following the expiration of the revocation period for the general release, but not later than sixty (60) days following the date of the Executive’s last day of employment with the
Company; 
 (v) notwithstanding any provision to the contrary in any applicable grant agreement or the
Company’s 2010 Omnibus Incentive Compensation Plan (or a successor plan), all shares subject to Company equity grants (including without limitation stock options, stock units and stock awards) that vest solely on the Executive’s continued
employment with the Company for a specified period of time held by the Executive at the time of his termination date shall immediately vest in full and/or become immediately exercisable or payable on the Executive’s termination date; and

 (vi) the Company will provide continued health benefits to the Executive at the same premium rates charged to
other then current employees of the Company for the twelve (12) month period following his termination of employment, unless the Executive is otherwise covered by health insurance provided by a future employer. 

For the avoidance of doubt, acceleration, if any, of equity grants that vest in whole or in part based on the satisfaction of
performance-based or market-based conditions will be governed by the terms of the applicable award agreement and/or plan. In the event that the Company modifies the performance periods or frequency at which discretionary bonuses are to be earned or
paid, the references to Incentive Compensation and Quarterly Bonus in this Section 9(d) shall be construed accordingly to reflect such modified bonus periods or frequency. 

The Company has no further obligation under this Agreement to the Executive upon his termination without Cause or resignation for Good
Reason in connection with a Change in Control. The obligations of the Company set forth in this Section 9(d) will be suspended and no longer enforceable if the Executive materially breaches the terms and conditions of Sections 9(f),
7, 10, 11, 12, 13, 14 or 15, which material breach is not cured (if capable of cure) within ten (10) days written notice of such breach. If benefits are due under this Section 9(d), no benefits are due under
Section 9(c). 
 For purposes of this Agreement, “Change in Control” means a (I) Change in
Ownership of the Company, (II) Change in Effective Control of the Company, or (III) Change in the Ownership of Assets of the Company, as described herein and construed in accordance with section 409A of the Internal Revenue Code of 1986, as amended,
and the regulations and Treasury guidance issued thereunder (the 

  
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“Code”); except that no Change in Control shall be deemed to occur as a result of a change of ownership resulting from the death of a stockholder or a transaction in which the
Company becomes a subsidiary of another corporation and in which the stockholders of the Company, immediately prior to the transaction, will beneficially own, immediately after the transaction, shares entitling such stockholders to more than 50% of
all votes to which all stockholders of the parent corporation would be entitled in the election of directors (without consideration of the rights of any class of stock to elect directors by a separate class vote). 

(I) A “Change in Ownership of the Company” shall occur on the date that any one Person acquires, or Persons Acting as a
Group acquire, ownership of the capital stock of the Company that, together with the stock held by such Person or Group, constitutes more than 50% of the total fair market value or total voting power of the capital stock of the Company. However, if
any one Person is, or Persons Acting as a Group are, considered to own more than 50% of the total fair market value or total voting power of the capital stock of the Company, the acquisition of additional stock by the same Person or Persons Acting
as a Group is not considered to cause a Change in Ownership of the Company or to cause a Change in Effective Control of the Company (as described below). An increase in the percentage of capital stock owned by any one Person, or Persons Acting as a
Group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated as an acquisition of stock. 
 (II) A “Change in Effective Control of the Company” shall occur on the date a majority of members of the Board is replaced during any 12-month period by directors whose appointment or
election is not endorsed by a majority of the members of the Board before the date of the appointment or election. 
 (III) A
“Change in the Ownership of Assets of the Company” shall occur on the date that any one Person acquires, or Persons Acting as a Group acquire (or has or have acquired during the 12-month period ending on the date of the most recent
acquisition by such Person or Persons), assets from the Company that have a total gross fair market value equal to or more than 75% of the total gross fair market value of all of the assets of the Company immediately before such acquisition or
acquisitions. For this purpose, “gross fair market value” means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

 The following rules of construction apply in interpreting the definition of Change in Control: 

(A) A “Person” means any individual, entity or group within the meaning of section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended, other than employee benefit plans sponsored or maintained by the Company and by entities controlled by the Company or an underwriter of the capital stock of the Company in a registered public offering.

 (B) Persons will be considered to be “Persons Acting as a Group” (or “Group”) if they are
owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the corporation. If a Person owns stock in both corporations that enter into a merger, consolidation, purchase
or acquisition of stock, or similar transaction, such shareholder is considered to be acting as a Group with other shareholders only with respect to the ownership in that corporation before the transaction giving rise to the change and not with
respect to the ownership interest in the other corporation. Persons will not be considered to be acting as a Group solely because they purchase assets of the same corporation at the same time or purchase or own stock of the same corporation at the
same time, or as a result of the same public offering. 
 (C) For purposes of the definition of Change in Control, “fair
market value” shall be determined by the Board. 

  
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 (D) A Change in Control shall not include a transfer to a related person as described in
Code section 409A or a public offering of capital stock of the Company. 
 (E) For purposes of the definition of Change in
Control, Code section 318(a) applies to determine stock ownership. Stock underlying a vested option is considered owned by the individual who holds the vested option (and the stock underlying an unvested option is not considered owned by the
individual who holds the unvested option). For purposes of the preceding sentence, however, if a vested option is exercisable for stock that is not substantially vested (as defined by Treas. Reg. § 1.83-3(b) and (j)), the stock underlying
the option is not treated as owned by the individual who holds the option. 
 (e) Termination With Cause, Resignation Without
Good Reason, or Expiration of the Agreement. If, whether or not in connection with a Change in Control, the Company terminates the Executive’s employment with Cause pursuant to Section 8(c), if the Executive resigns without Good
Reason pursuant to Section 8(f), or if the Executive is entitled to the severance benefits pursuant to Section 9(c) or Section 9(d) and either does not execute or revokes the general release of claims required
pursuant to Section 9(f), or is in breach of any of the covenants set forth in Sections 10, 11, 12, 13 or 14 below, the Company will pay the Executive his Base Salary accrued and unpaid as of the date of termination of employment as well
as any accrued but unused PTO and appropriate expense reimbursements. Such amounts will be paid as soon as practicable after the termination of employment. The Company shall have no further obligations under this Agreement to the Executive. If this
Agreement expires without any extension or renewal of its terms, the Executive will be an at-will employee of the Company thereafter unless the Company elects to terminate the Executive’s employment coincident with such expiration and the
Company shall have no further obligations under this Agreement to the Executive. If the Company elects to terminate the Executive’s employment coincident with the expiration of this Agreement, the Company will pay the Executive his Base Salary
accrued and unpaid as of the date of termination of employment as well as any accrued but unused PTO and appropriate expense reimbursements. For the avoidance of doubt, in no event shall the expiration of this Agreement, or the termination of
Executive’s employment coincident with such expiration, be construed as a termination without Cause or resignation for Good Reason. 
 (f) Release of Claims. As a condition for the payments of the Severance Amount or the Change in Control Severance and Incentive Compensation provided in Section 9(c) or
Section 9(d), the Executive must execute a general release of all claims (including claims under local, state and federal laws, but excluding claims for payment due under Section 9(c) or Section 9(d) that the
Executive has or may have against the Company or any related individuals or entities (the “Release”). The Release shall be in a form reasonably acceptable to the Company, and shall include confidentiality, cooperation, and
non-disparagement provisions, as well as other terms requested by the Company that are typical of an executive severance agreement. The Severance Amount, Change in Control Severance Amount, Incentive Compensation, acceleration of vesting and
continued health benefits provided for in Section 9(c) or Section 9(d) are conditioned upon and will not be paid (or be provided) until the execution of the Release and the expiration of any revocation period; provided
that notwithstanding any provision of this Agreement to the contrary, in no event shall the timing of the Executive’s execution of the Release, directly or indirectly, result in the Executive designating the calendar year of payment, and if a
payment that is subject to execution of the Release could be made in more than one taxable year, payment shall be made in the later taxable year. The Company shall provide the Release to the Executive by no later than ten days after the Executive
terminates employment with the Company, and the Executive shall execute the Release during the statutory time period specified by applicable law. If the Release is not executed during the statutory time period specified by applicable law, the
Company’s obligation to pay any Severance Amount, Change in Control Severance Amount, or Incentive Compensation and to provide any acceleration of vesting and continued health benefits provided for in Section 9(c) or
Section 9(d) pursuant to this Agreement shall terminate. 

  
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 (g) Section 280G Cutback. The Executive shall bear all expense of, and be solely
responsible for, all federal, state, local or foreign taxes due with respect to any payment received under this Agreement, including, without limitation, any excise tax imposed by Code section 4999. Notwithstanding anything to the contrary in this
Agreement, in the event that any payment or benefit received or to be received by the Executive pursuant to the terms of this Agreement or in connection with the Executive’s termination of employment or contingent upon a Change in Control
pursuant to any plan or arrangement or other agreement with the Company or any affiliate (collectively, the “Payments”) would be subject to the excise tax imposed by Code section 4999, as determined by the Company, then the Payments
shall be reduced to the extent necessary to prevent any portion of the Payments from becoming nondeductible by the Company under Code section 280G or subject to the excise tax imposed under Code section 4999, but only if, by reason of that
reduction, the net after-tax benefit received by the Executive exceeds the net after-tax benefit the Executive would receive if no reduction was made. For this purpose, “net after-tax benefit” means (i) the total of all
Payments that would constitute “excess parachute payments” within the meaning of Code section 280G, less (ii) the amount of all federal, state, and local income taxes payable with respect to the Payments calculated at the maximum
marginal income tax rate for each year in which the Payments shall be paid to the Executive (based on the rate in effect for that year as set forth in the Code as in effect at the time of the first payment of the Payments), less (iii) the
amount of excise taxes imposed on the Payments described in clause (i) above by Code section 4999. If, pursuant to this Section 9(g), Payments are to be reduced, the Company shall determine which Payments shall be reduced in a
manner so as to avoid the imposition of additional taxes under Code section 409A. 
 10. Confidentiality; Return of Company
Property. 
 (a) The Executive acknowledges that, by reason of Executive’s employment by the Company, Executive will
have access to confidential information of the Company, including, without limitation, information and knowledge pertaining to products, inventions, discoveries, improvements, innovations, designs, ideas, trade secrets, proprietary information,
business strategies, packaging, advertising, marketing, distribution and sales methods, sales and profit figures, employees, customers and clients, and relationships between the Company and its business partners, including dealers, traders,
distributors, sales representatives, wholesalers, customers, clients, suppliers and others who have business dealings with them (“Confidential Information”). The Executive acknowledges that such Confidential Information is a
valuable and unique asset of the Company and covenants that, both during and after the Term, Executive will not disclose any Confidential Information to any person or entity, except as Executive’s duties as an employee of the Company may
require, without the prior written authorization of the Board. The obligation of confidentiality imposed by this Section 10 shall not apply to Confidential Information that otherwise becomes generally known to the public through no act
of the Executive in breach of this Agreement or any other party in violation of an existing confidentiality agreement with the Company, or which is required to be disclosed by court order or applicable law. 

(b) All records, designs, patents, business plans, financial statements, manuals, memoranda, lists, research and development plans and
products, and other property delivered to or compiled by the Executive by or on behalf of the Company or its vendors or customers that pertain to the business of the Company shall be and remain the property of the Company, and be subject at all
times to its discretion and control. Likewise, all correspondence, reports, records, charts, advertising materials and other similar data pertaining to the business, activities or future plans of the Company (and all copies thereof) that are
collected by the Executive shall be delivered promptly to the Company without request by it upon termination of the Executive’s employment. 
 11. Non-Competition. While the Executive is employed at the Company and for a period of twelve (12) months after the termination of his employment with the Company for any reason (the
“Restricted Period”), the Executive will not, directly or indirectly, own, maintain, finance, operate, 

  
 10 

 
engage in, assist, be employed by, contract with, license, or have any interest in, or association with a business or enterprise engaged in or planning to be engaged in, the Internet retail
trading of foreign exchange, or any business engaged in by the Company, or approved for the Company or its affiliates to be engaged in by the Board of Directors of the Company, during his employment with the Company. 

12. Solicitation of Clients. During the Restricted Period, the Executive, directly or indirectly, including through any other
person or entity, shall not seek business from any Client on behalf of any enterprise or business other than the Company, refer business generated from any Client to any enterprise or business other than the Company, or receive commissions based on
sales or otherwise relating to the business from any Client, enterprise or business other than the Company. For purposes of this Agreement, the term “Client” means any person, firm, corporation, limited liability company,
partnership, association or other entity (i) to which the Company sold or provided services during the 12-month period prior to the time at which any determination is required to be made as to whether any such person, firm, corporation,
partnership, association or other entity is a Client, or (ii) who or which has been approached by an employee of the Company for the purpose of soliciting business for the Company and which business was reasonably expected to generate revenue
in excess of $100,000 per annum. 
 13. Solicitation of Employees. During the Restricted Period, the Executive, directly
or indirectly, shall not contact or solicit any employee of the Company for the purpose of hiring them or causing them to terminate their employment relationship with the Company. 

14. Inventions, Ideas, Processes, and Designs. All inventions, ideas, processes, programs, software, and designs (including all
improvements) conceived or made by the Executive during his employment with the Company (whether or not actually conceived during regular business hours) and related to the business of the Company, or the business approved by the Board of Directors
to be engaged in by the Company, shall be disclosed in writing promptly to the Company and shall be the sole and exclusive property of the Company. An invention, idea, process, program, software, or design (including an improvement) shall be deemed
related to the actual or approved business of the Company if (x) it was made with the Company’s equipment, supplies, facilities, or Confidential Information, (y) results from work performed by the Executive for the Company, or
(z) pertains to the current business or demonstrably anticipated research or development work of the Company. The Executive shall cooperate with the Company and its attorneys in the preparation of patent and copyright applications for such
developments and, upon request, shall promptly assign all such inventions, ideas, processes, and designs to the Company. The decision to file for patent or copyright protection or to maintain such development as a trade secret shall be in the sole
discretion of the Company, and the Executive shall be bound by such decision. 
 15. Specific Performance/Remedies. The
Executive acknowledges that the services to be rendered by the Executive are of a special, unique and extraordinary character and, in connection with such services, the Executive will have access to Confidential Information vital to the
Company’s business. Executive further agrees that the covenants contained in Sections 11, 12, 13 and 14 are reasonable and necessary to protect the legitimate business interests of the Company. By reason of this, the Executive consents and
agrees that if the Executive violates any of the provisions of Section 11, 12, 13, and 14 hereof, the Company would sustain irreparable injury and that monetary damages would not provide adequate remedy to the Company. The Executive
hereby agrees that the Company shall be entitled to have Section 11, 12, 13, or 14 hereof specifically enforced (including, without limitation, by injunctions and restraining orders) by any court in the State of New Jersey having equity
jurisdiction and agrees to be subject to the jurisdiction of said court. As a further and non-exclusive remedy, Executive understands that a breach of the covenants contained in Sections 11, 12, 13, or 14 above that causes material harm to the
Company as reasonably determined by the Board (which determination shall be binding and final) shall eliminate Executive’s entitlement to any further payment of the Severance 

  
 11 

 
Amount, Change in Control Severance Amount, Incentive Compensation, acceleration of vesting and continued health benefits provided for in Section 9(c) or Section 9(d), and Executive
shall be required to return any such amounts in the event of such a breach. Nothing contained herein shall be construed as prohibiting the Company from pursuing any other remedies available to it for such breach or threatened breach, including the
recovery of damages from the Executive. 
 16. Complete Agreement. This Agreement embodies the entire agreement of the
parties with respect to the Executive’s employment, compensation, benefits and related items and supersedes any other prior oral or written agreements, arrangements or understandings between the Executive and the Company, other than the award
agreements reflecting outstanding equity awards held by the Executive as of the date of this Agreement which shall continue to control such equity awards except as expressly modified by Sections 9(c) and 9(d) of this Agreement. This Agreement
may not be changed or terminated orally but only by an agreement in writing signed by the parties hereto. 
 17. Waiver.
The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by such party. 

18. Governing Law; Assignability. 
 (a) This Agreement shall be governed by, and construed in accordance with, the laws of the State of New Jersey without reference to the choice of law provisions thereof. 

(b) The Executive may not, without the Company’s prior written consent, delegate, assign, transfer, convey, pledge, encumber or
otherwise dispose of this Agreement or any interest herein. Any such attempt shall be null and void and without effect. The Company and the Executive agree that this Agreement and all of the Company’s rights and obligations hereunder may be
assigned or transferred by the Company and shall be assumed by and be binding upon any successor to the Company. 
 19.
Severability. If any provision of this Agreement or any part thereof, including, without limitation, Sections 11, 12, 13, or 14, as applied to either party or to any circumstances shall be adjudged by a court of competent
jurisdiction to be void or unenforceable, the same shall in no way affect any other provision of this Agreement or remaining parts thereof, which shall be given full effect without regard to the invalid or unenforceable part thereof, or the validity
or enforceability of this Agreement. In the event an arbitrator or court of competent jurisdiction deems the restrictive covenants unreasonably lengthy in time or overly broad in scope, it is the intention and agreement of the parties that those
provisions which are not fully enforceable be deemed as having been modified to the extent necessary to render them reasonable and enforceable and that they be enforced to such extent. 

20. Notices. All notices to the Company or the Executive, permitted or required hereunder, shall be in writing and shall be
delivered personally, by telecopier or by courier service providing for next-day delivery or sent by registered or certified mail, return receipt requested, to the following addresses: 

If to the Company: 
 GAIN Capital Holdings, Inc. 
 Bedminster One 

135 Route 202/206 

Bedminster, New Jersey 07921 
 Attention: Chief Executive Officer 

  
 12 

 If to the Executive, to the address set forth on the first page hereof. 

Either party may change the address to which notices shall be sent by sending written notice of such change of address to the other
party. Any such notice shall be deemed given, if delivered personally, upon receipt; if telecopied, when telecopied; if sent by courier service providing for next-day delivery, the next business day following deposit with such courier service; and
if sent by certified or registered mail, three days after deposit (postage prepaid) with the U.S. mail service. 
 21.
Section 409A. 
 (a) This Agreement shall be interpreted to avoid the imposition of any additional taxes under Code
section 409A. If any payment or benefit cannot be provided or made at the time specified herein without incurring additional taxes under Code section 409A, then such benefit or payment shall be provided in full at the earliest time thereafter when
such sanctions will not be imposed. The preceding provisions, however, shall not be construed as a guarantee by the Company of any particular tax effect to Executive under this Agreement. For purposes of Code section 409A, each payment under this
Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. In no event may the Executive, directly or indirectly, designate
the calendar year of payment. 
 (b) To the maximum extent permitted under Code section 409A, the cash severance payments
payable under this Agreement are intended to comply with the ‘short-term deferral exception’ under Treas. Reg. §1.409A-1(b)(4), and any remaining amount is intended to comply with the ‘separation pay exception’ under Treas.
Reg. §1.409A-1(b)(9)(iii) or any successor provision; provided, however, any amount payable to the Executive during the six-month period following the Executive’s termination date that does not qualify within either of the foregoing
exceptions and is deemed as deferred compensation subject to the requirements of Code section 409A, then such amount shall hereinafter be referred to as the ‘Excess Amount.’ If the Executive is a “key employee” of a publicly
traded corporation under section 409A at the time of his separation from service and if payment of the Excess Amount under this Agreement is required to be delayed for a period of six (6) months after separation from service pursuant to Code
section 409A, then notwithstanding anything in this Agreement to the contrary, payment of such amount shall be delayed as required by Code section 409A, and the accumulated postponed amount shall be paid in a lump sum payment within ten
(10) days after the end of the six (6) month period. If the Executive dies during the postponement period prior to the payment of the postponed amount, the amounts withheld on account of section 409A shall be paid to the personal
representative of the Executive’s estate within sixty (60) days after the date of the Executive’s death. A “key employee” shall mean an employee who, at any time during the 12-month period ending on the identification
date, is a “specified employee” under Code section 409A, as determined by the Board, in its sole discretion. The determination of key employees, including the number and identity of persons considered key employees and the identification
date, shall be made by the Board in accordance with the provisions of Code sections 416(i) and 409A. 
 (c) To the extent
the Executive is, at the time of his termination of employment under this Agreement, participating in one or more deferred compensation arrangements subject to Code section 409A, the payments and benefits provided under those arrangements shall
continue to be governed by, and to become due and payable in accordance with, the specific terms and conditions of those arrangements, and nothing in this Agreement shall be deemed to modify or alter those terms and conditions. 

(d) “Termination of employment,” “resignation,” or words of similar import, as used in this Agreement means, for
purposes of any payments under this Agreement that are payments of deferred 

  
 13 

 
compensation subject to Code section 409A, the Executive’s “separation from service” as defined in Code section 409A. 

(e) Nothing herein shall be construed as having modified the time and form of payment of any amounts or payments of “deferred
compensation” (as defined under Treas. Reg. § 1.409A-1(b)(1), after giving effect to the exemptions in Treas. Reg. §§ 1.409A-1(b)(3) through (b)(12)) that were otherwise payable pursuant to the terms of any agreement between
Company and the Executive in effect on or after January 1, 2005 and prior to the date of this Agreement. 
 (f) All
reimbursements provided under this Agreement shall be made or provided in accordance with the requirements of Code section 409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during the
Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other
calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement is not subject to
liquidation or exchange for another benefit. 
 22. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument. 
 23. Separation. All covenants that, by their terms, naturally would survive the termination or expiration of this Agreement, including but not limited to Sections 11, 12, 13, 14 and 15
hereof, shall survive the termination or expiration of this Agreement. 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amended and Restated Executive Employment
Agreement as of the date first above written. 
  

			
	GAIN CAPITAL HOLDINGS, INC.
		
	By:	 	/s/ Glenn Stevens
	Name:	 	Glenn Stevens
	Title:	 	President and Chief Executive Officer

  

	
	/s/ Jeffrey Scott
	EXECUTIVE

  
 15Employment Agreement by and among United Maritime Group, LLC and John Binion

 Exhibit 10.19 
 EXECUTION COPY 
 EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this
    19th            day of March 2010, by and between United Maritime Group, LLC (the “Company”), and John P. Binion (the
“Employee”). 
 W I T N E S S E T H :

 WHEREAS, the Company desires to employ Employee and to enter into this Agreement embodying the terms of such employment, and
Employee desires to enter into this Agreement and to accept such employment, subject to the terms and provisions of this Agreement. 
 NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the
Company and Employee hereby agree as follows: 
 Section 1. Definitions. 

(a) “Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through the date of termination of
Employee’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 below, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, including
payment in lieu of any accrued but unused vacation time, in accordance with the terms contained therein. 
 (b) “Annual
Bonus” shall have the meaning set forth in Section 4(b) below. 
 (c) “Base Salary” shall mean the
salary provided for in Section 4(a) below or any increased salary granted to Employee pursuant to Section 4(a). 
 (d)
“Board” shall mean the Board of Directors of the Parent. 
 (e) “Cause” shall mean
(i) Employee’s act(s) of gross negligence or willful misconduct in the course of Employee’s employment hereunder that is or could reasonably be expected to be materially injurious to the Company or any other member of the Company
Group, (ii) willful failure or refusal by Employee to perform in any material respect his duties or responsibilities, not measured by economic performance, (iii) misappropriation by Employee of any assets or business opportunities of the
Company or any other member of the Company Group, (iv) embezzlement or fraud committed by Employee, or at his direction, (v) Employee’s conviction of, indictment for, or pleading “guilty” or “no contest” to,
(x) a felony or (y) any other criminal charge that has, or could be reasonably expected to have, an adverse impact on the performance of Employee’s duties to the Company or any other member of the Company Group or otherwise result in
material injury to the reputation or business of the Company or any other member of the Company Group, (vi) any material violation of the policies of the Company, including, but not limited to those relating to sexual harassment, business
conduct or otherwise set forth in the manuals or statements of policy of the Company, or (vii) Employee’s material breach of Section 3(b) hereof or a breach of any of the restrictive covenants contained in Section 9 hereof. 

 (f) “Code” shall mean the Internal Revenue Code of 1986, as amended.

 (g) “Commencement Date” shall mean the date Employee commences employment with the Company, which shall be
mutually agreed by the parties hereto and be in no event later than March 28, 2010. 
 (h) “Company” shall
have the meaning set forth in the preamble hereto. 
 (i) “Company Group” shall mean the Parent together with
any direct or indirect subsidiary of the Parent. 
 (j) “Compensation Committee” shall mean the committee of
the Board designated to make compensation decisions relating to senior executive officers of the Company Group. Prior to any time that such a committee has been designated, the Board shall be deemed the Compensation Committee for purposes of this
Agreement. 
 (k) “Competitive Activities” shall mean any business activities in which the Company or any other
member of the Company Group engages (or has committed plans to engage) during the Term of Employment. 
 (l)
“Confidential Information” shall mean confidential or proprietary trade secrets, client lists, client identities and information, information regarding service providers, investment methodologies, marketing data or plans, sales
plans, management organization information, operating policies or manuals, business plans or operations or techniques, financial records or data, or other financial, commercial, business or technical information (i) relating to the Company or
any other member of the Company Group, or (ii) that the Company or any other member of the Company Group may receive belonging to suppliers, customers or others who do business with the Company or any other member of the Company Group, but
shall exclude any information that is in the public domain or hereafter enters the public domain, in each case without the breach by Employee of Section 9(a) below. 
 (m) “Developments” shall have the meaning set forth in Section 9(e) below. 
 (n) “Disability” shall mean any physical or mental disability or infirmity that prevents the performance of Employee’s duties for a period of (i) ninety (90) consecutive
days or (ii) one hundred twenty (120) non-consecutive days during any twelve (12) month period. Any question as to the existence, extent or potentiality of Employee’s Disability upon which Employee and the Company cannot agree
shall be determined by a qualified, independent physician selected by the Company and approved by Employee (which approval shall not be unreasonably withheld). The determination of any such physician shall be final and conclusive for all purposes of
this Agreement. 
 (o) “Employee” shall have the meaning set forth in the preamble hereto. 

(p) “Good Reason” shall mean, without Employee’s consent, (i) a material diminution in Employee’s title,
duties or responsibilities, (ii) the relocation of Employee’s principal place of employment (as set forth in Section 3(c) hereof) more than fifty (50) miles from its current location, or (iii) the failure of the Company to pay
any compensation owing to the Employee pursuant to Section 4 when such compensation is due. Notwithstanding the foregoing, during the Term of Employment, in the event that the Board reasonably believes that Employee may have engaged in conduct that
could constitute Cause hereunder, the Board may, in its sole and absolute discretion, suspend Employee from performing his duties hereunder, and any such suspension shall in no event constitute an event pursuant to which Employee may terminate
employment with Good Reason; provided, that no such suspension shall alter the Company’s obligations under this Agreement during such period of suspension. Any such suspension shall end after thirty (30) days except with the written
consent of the Employee, which may be renewed from time to time. 

  
 - 2 -

 (q) “Interfering Activities” shall mean (i) encouraging, soliciting,
or inducing, or in any manner attempting to encourage, solicit, or induce, any individual employed by, or individual or entity providing consulting services to, the Company or any other member of the Company Group to terminate such employment or
consulting services; provided, that the foregoing shall not be violated by general advertising not targeted at employees or consultants of the Company or any other member of the Company Group; (ii) hiring any individual who was employed
by the Company or any other member of the Company Group within the six (6) month period prior to the date of such hiring; or (iii) encouraging, soliciting or inducing, or in any manner attempting to encourage, solicit or induce any
customer, supplier, licensee or other business relation of the Company or any other member of the Company Group to cease doing business with or materially reduce the amount of business conducted with the Company or any other member of the Company
Group, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any other member of the Company Group. 

(r) “LLC Agreement” shall mean the Parent’s Limited Liability Company Agreement, dated as of December 4, 2007,
as amended, amended and restated, modified or supplemented from time to time. 
 (s) “Parent” shall mean GS
Maritime Holding LLC, a Delaware limited liability company and ultimate parent of the Company. 
 (t) “Person”
shall mean any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust (charitable or non-charitable), unincorporated organization or other form of business entity. 

(u) “Restricted Area” shall mean any State of the United States of America or any other jurisdiction in which the
Company or any other member of the Company Group engages (or has committed plans to engage) in business during the Term of Employment. 
 (v) “Restricted Period” shall mean the period commencing on the date hereof and extending to the two (2) year anniversary of Employee’s termination of employment for any reason.

 (w) “Severance Term” shall mean the two (2) year period following Employee’s termination by the
Company without Cause (other than by reason of death or Disability), by Employee for Good Reason, or following the expiration of the Term of Employment. 

  
 - 3 -

 (x) “Term of Employment” shall mean the period specified in Section 2
below. 
 Section 2. Acceptance and Term of Employment. 

The Company agrees to employ Employee and Employee agrees to serve the Company on the terms and conditions set forth herein. The Term of
Employment shall commence on the Commencement Date and shall continue until the five (5) year anniversary of the Commencement Date, unless terminated earlier as provided in Section 8 hereof. 

Section 3. Position, Duties and Responsibilities; Place of Performance. 

(a) During the Term of Employment, Employee shall be employed and serve as the Chief Operating Officer and Senior Vice President of the
Company (together with such other position or positions consistent with Employee’s title as the Board shall specify from time to time) and shall have such duties typically associated with such title. Employee also agrees to serve as an officer
and/or director of any parent or subsidiary of the Company, in each case without additional compensation. 
 (b) Employee shall
devote his full business time, attention, and skill to the performance of his duties under this Agreement and shall not engage in any other business or occupation during the Term of Employment, including, without limitation, any activity that
(x) conflicts with the interests of the Company or any other member of the Company Group, (y) interferes with the proper and efficient performance of his duties for the Company, or (z) interferes with the exercise of his judgment in
the Company’s best interests. Notwithstanding the foregoing, nothing herein shall preclude Employee from (i) serving, with the prior written consent of the Board, as a member of the board of directors or advisory board (or their
equivalents in the case of a non-corporate entity) of non-competing businesses and charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal investments and affairs;
provided, however, that Employee shall notify the Company in writing prior to participating in any of the activities set out in clauses (i), (ii) and (iii) (or as of the date hereof with respect to such activities in which
Employee is already participating), and Employee’s participation in such activities shall be limited by Employee so as not to materially interfere, individually or in the aggregate, with the performance of his duties and responsibilities
hereunder. In the event the Company believes such activities are interfering with his duties and responsibilities and provided Employee has properly notified the Company of his participation in such activities as provided above, the Company shall
send Employee a written notice specifying such activities, and Employee shall have thirty (30) days to limit such activities so as to comply with the proviso in the preceding sentence. 

(c) Employee’s principal place of employment shall be in Tampa, Florida, although Employee understands and agrees that he may be
required to travel from time to time for business reasons. 

  
 - 4 -

 Section 4. Compensation. During the Term of Employment, Employee shall be
entitled to the following compensation: 
 (a) Base Salary. Employee shall be paid an annualized Base Salary, payable in
accordance with the regular payroll practices of the Company, of not less than $275,000. Employee’s Base Salary shall be reviewed each year by the Board or the Compensation Committee, which may increase (but not decrease) Employee’s Base
Salary. 
 (b) Annual Bonus. Employee shall be eligible for an annual incentive bonus award determined by the Board in
consultation with the Chief Executive Officer in respect of each fiscal year during the Term of Employment (the “Annual Bonus”). The target Annual Bonus range for each fiscal year shall be from 60% to 120% of Base Salary, with the
actual Annual Bonus, if any, payable being based upon the level of achievement of annual Company and individual performance objectives for such fiscal year, as determined by the Board or the Compensation Committee after meeting with the Chief
Executive Officer and communicated to Employee. The Annual Bonus shall be paid to Employee at the same time as annual bonuses are generally payable to other senior executives of the Company. 

(c) Parachute Payment. In the event that any payment or benefit received or to be received by Employee in connection with the
termination of his employment (whether pursuant to the terms of this Agreement or any other plan, arrangement, or agreement with the Company or any person affiliated with the Company (collectively, the “Parachute Payments”)) would
not be deductible (in whole or in part) by the Company, an affiliate, or other person making such payment or providing such benefit, as a result of Section 280G of the Code, at Employee’s election, either (i) the Parachute Payments
shall be reduced until no portion of the Parachute Payments is not deductible, (ii) Employee shall pay the excise tax payable pursuant to Section 4999 of the Code with respect to the “excess parachute payment” (as defined in
Section 280G of the Code), or (iii) Employee shall agree to waive all or a portion of the Parachute Payments and allow the Company to request the approval of the waived payments by the members of Parent in accordance with Section 280G
and the Treasury Regulations promulgated thereunder. 
 (d) Parent Equity. 

(i) As soon as practical following the Commencement Date, Employee shall be offered the opportunity to purchase a number
of Class A Units (as defined in the LLC Agreement) for an aggregate purchase price of $500,000. Such purchase shall be subject to the execution of certain documentation delivered to Employee prior to the closing date of such purchase,
including, without limitation, a joinder or similar agreement causing Employee to become subject to the terms and conditions of the LLC Agreement. 
 (ii) As soon as practical following the Commencement Date, Employee shall be granted 1,838 Profits Units (as defined in the LLC Agreement), one-half of which will be subject to time based vesting and
one-half of which shall be subject to performance based vesting, and which shall be evidenced by, and subject to a Profit Unit Grant Agreement, substantially in the form attached hereto as Exhibit A. 

  
 - 5 -

 Section 5. Employee Benefits. 

During the Term of Employment, Employee shall be entitled to participate in health, insurance, retirement and other benefits provided to
other senior executives of the Company. Employee shall also be entitled to the same number of holidays, sick days and other benefits as are generally allowed to senior executives of the Company in accordance with the Company’s policies as in
effect from time to time, and shall be entitled to four (4) weeks paid vacation per year, to be taken in accordance with the Company’s vacation policy as in effect from time to time. 

Section 6. Key-Man Insurance. 
 At any time during the Term of Employment, the Company shall have the right to insure the life of Employee for the sole benefit of the Company, in such amounts, and with such terms, as it may determine.
All premiums payable thereon shall be the obligation of the Company. Employee shall have no interest in any such policy, but agrees to cooperate with the Company in taking out such insurance by submitting to physical examinations, supplying all
information required by the insurance company, and executing all necessary documents, provided that no financial obligation is imposed on Employee by any such documents. 
 Section 7. Reimbursement of Business Expenses. 
 Employee is
authorized to incur reasonable business expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all such reasonable business expenses incurred in connection with carrying out the
business of the Company, subject to documentation in accordance with the Company’s policy, as in effect from time to time. 

Section 8. Termination of Employment. 
 (a) General. The Term of Employment shall terminate earlier than as provided in Section 2 above upon the earliest to occur of (i) Employee’s death, (ii) a termination by reason of a
Disability, (iii) a termination by the Company with or without Cause, and (iv) a termination by Employee with or without Good Reason. Upon any termination of Employee’s employment for any reason, except as may otherwise be requested
by the Company in writing and agreed upon in writing by Employee, Employee shall resign from any and all directorships, committee memberships or any other positions Employee holds with the Company or any other member of the Company Group.
Notwithstanding anything herein to the contrary, the payment (or commencement of a series of payments) hereunder of any nonqualified deferred compensation (within the meaning of Section 409A of the Code) upon a termination of employment shall
be delayed until such time as Employee has also undergone a “separation from service” as defined in Treas. Reg. 1.409A-1(h), at which time such nonqualified deferred compensation (calculated as of the date of Employee’s
termination of employment hereunder) shall be paid (or commence to be paid) to Employee on the schedule set forth in this Section 8 as if Employee had undergone such termination of employment (under the same circumstances) on the date of his
ultimate “separation from service.” 

  
 - 6 -

 (b) Termination due to Death or Disability. Employee’s employment shall
terminate automatically upon his death. The Company may terminate Employee’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Employee’s receipt of written notice of such termination. In the
event Employee’s employment is terminated due to his death or Disability, Employee or his estate or his beneficiaries, as the case may be, shall be entitled to: 

(i) The Accrued Obligations; and 

(ii) Any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date
of such termination, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year in which such
termination occurred. 
 Following such termination of Employee’s employment by the reason of death or Disability, except as set
forth in this Section 8(b), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 
 (c) Termination by the Company for Cause. The Company may terminate Employee’s employment at any time for Cause, effective upon Employee’s receipt of written notice of such termination.
In the event the Company terminates Employee’s employment for Cause, he shall be entitled only to the Accrued Obligations. Following such termination of Employee’s employment for Cause, except as set forth in this Section 8(c), Employee
shall have no further rights to any compensation or any other benefits under this Agreement. 
 (d) Termination by the
Company without Cause. The Company may terminate Employee’s employment at any time without Cause, effective upon Employee’s receipt of written notice of such termination. In the event Employee’s employment is terminated by the
Company without Cause (other than due to death or Disability), Employee shall be entitled to: 
 (i) The Accrued
Obligations; 
 (ii) Any unpaid Annual Bonus in respect to any completed fiscal year which
has ended prior to the date of such termination, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year in which such
termination occurred; 
 (iii) Annual Bonus for the fiscal year of termination, to the
extent applicable performance conditions are achieved for such fiscal year, such amount to be paid in a lump sum at the same time the Annual Bonus would otherwise have been paid pursuant to Section 4(b) above had such termination not occurred,
but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year in which such termination occurred; 
 (iv) Continuation of payment of Base Salary during the Severance Term, payable in accordance with the Company’s regular payroll practices, it being agreed that each installment of Base Salary payable
hereunder shall be deemed to be a separate payment for purposes of Section 409A of the Code; and 

  
 - 7 -

 (v) Continuation, during the Severance Term, of the medical benefits
provided to Employee and his covered dependants under the Company’s health plans in effect as of the date of such termination, it being understood and agreed that (A) Employee shall be required to pay that portion of the cost of such
medical benefits as Employee was required to pay (including through customary deductions from Employee’s paycheck) as of the date of Employee’s termination of employment with the Company, and (B) notwithstanding the foregoing, the
Company’s obligation to provide such continuation of benefits shall terminate prior to the expiration of the Severance Term in the event that Employee becomes eligible to receive any such or similar benefits while employed by or providing
service to, in any capacity, any other business or entity during the Severance Term; provided, however, that to the extent that the applicable Company health plan is self-insured and Employee qualifies as a “highly compensated
individual” (within the meaning of Section 105(h) of the Code), such continuation of benefits shall be provided on a fully taxable basis, based on 100% of the monthly premium cost of participation in the self-insured plan less any portion
required to be paid by Employee pursuant to clause (A) above. 
 Notwithstanding the foregoing, the Severance Term shall expire, the
payments and benefits described in clauses (ii), (iii), (iv), and (v) above shall immediately terminate, and the Company shall have no further obligations to Employee with respect thereto, in the event that Employee breaches any provision of
Section 9 hereof. Following such termination of Employee’s employment by the Company without Cause, except as set forth in this Section 8(d), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

 (e) Termination by Employee with Good Reason. Employee may terminate his employment with Good Reason by providing the
Company ten (10) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of
such event. During such ten (10) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall
be entitled to the same payments and benefits as provided in Section 8(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 8(d) above. Following such termination of
Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 

(f) Termination by Employee without Good Reason. Employee may terminate his employment without Good Reason by providing the
Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by Employee under this Section 8(f), Employee shall be entitled only to the Accrued Obligations. In the event of termination of
Employee’s employment under this Section 8(f), the Company may, in its sole and absolute discretion, by written notice accelerate such date of termination and still have it treated as a termination without Good Reason. Following such
termination of Employee’s employment by Employee without Good Reason, except as set forth in this Section 8(f), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 

  
 - 8 -

 (g) Expiration of the Term of Employment. To the extent Employee’s employment
has not terminated earlier as set forth in Section 8(a) hereof, Employee’s employment shall terminate upon the expiration of the Term of Employment. Upon termination of Employee’s employment due to the expiration of the Term of Employment,
the Employee shall be entitled to: 
 (i) The Accrued Obligations; 

(ii) Any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date
of expiration of the Term of Employment, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year in which such
termination occurred; 
 (iii) Annual Bonus for the fiscal year of termination, to the
extent applicable performance conditions are achieved for such fiscal year, such amount to be paid in a lump sum at the same time the Annual Bonus would otherwise have been paid pursuant to Section 4(b) above had such termination not occurred,
but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year in which such termination occurred; 
 (iv) Continuation of payment of Base Salary during the Severance Term, payable in accordance with the Company’s regular payroll practices, it being agreed that each installment of Base Salary payable
hereunder shall be deemed to be a separate payment for purposes of Section 409A of the Code; and 
 (v)
Continuation, during the Severance Term, of the medical benefits provided to Employee and his covered dependants under the Company’s health plans in effect as of the date of such termination, it being understood and agreed that
(A) Employee shall be required to pay that portion of the cost of such medical benefits as Employee was required to pay (including through customary deductions from Employee’s paycheck) as of the date of Employee’s termination of
employment with the Company, and (B) notwithstanding the foregoing, the Company’s obligation to provide such continuation of benefits shall terminate prior to the expiration of the Severance Term in the event that Employee becomes eligible
to receive any such or similar benefits while employed by or providing service to, in any capacity, any other business or entity during the Severance Term; provided, however, that to the extent that the applicable Company health plan
is self-insured and Employee qualifies as a “highly compensated individual” (within the meaning of Section 105(h) of the Code), such continuation of benefits shall be provided on a fully taxable basis, based on 100% of the monthly
premium cost of participation in the self-insured plan less any portion required to be paid by Employee pursuant to clause (A) above. 

  
 - 9 -

 Notwithstanding the foregoing, the Severance Term shall expire, the payments and benefits described in
clauses (ii), (iii), (iv), and (v) above shall immediately terminate, and the Company shall have no further obligations to Employee with respect thereto, in the event that Employee breaches any provision of Section 9 hereof. Except as otherwise
set forth below in this Section 8(g), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 
 (h) Release. Notwithstanding any provision herein to the contrary, the payment of any amount or provision of any benefit pursuant to subsection (b), (d), or (e) of this Section 8 (other
than the Accrued Obligations) (collectively, the “Severance Benefits”) shall be conditioned upon Employee’s execution, delivery to the Company, and non-revocation of a customary general release in favor of the Company Group in
such form as is reasonably required by the Company, that does not contain any post-employment restrictions that are in addition to those contained in this Agreement (and the expiration of any revocation period contained in such release) within sixty
(60) days following the date of Employee’s termination of employment hereunder. If Employee fails to execute the release in such a timely manner so as to permit any revocation period to expire prior to the end of such sixty (60) day
period, or timely revokes his acceptance of such release following its execution, Employee shall not be entitled to any of the Severance Benefits. Further, to the extent that any of the Severance Benefits constitutes “nonqualified deferred
compensation” for purposes of Section 409A of the Code, any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the sixtieth (60th) day following the date of Employee’s termination of employment hereunder, but for the condition on
executing the release as set forth herein, shall not be made until the first regularly scheduled payroll date following such sixtieth (60th) day, after which any remaining Severance Benefits shall thereafter be provided to Employee according to the
applicable schedule set forth herein. For the avoidance of doubt, in the event of a termination due to Employee’s death or Disability, Employee’s obligations herein to execute and not revoke the release may be satisfied on his behalf by
his estate or a person having legal power of attorney over his affairs. 
 Section 9. Restrictive Covenants.
Employee acknowledges and agrees that the agreements and covenants contained in this Section 9 are (i) reasonable and valid in geographical and temporal scope and in all other respects, and (ii) essential to protect the value of the
business and assets of the Company Group. 
 (a) Confidential Information. At any time during and after the end of the
Term of Employment, without the prior written consent of the Board, except to the extent required by an order of a court having jurisdiction or under subpoena from an appropriate government agency, in which event, Employee shall use his best efforts
to consult with the Board prior to responding to any such order or subpoena, and except as required in the performance of his duties hereunder, Employee shall not disclose to or use for the benefit of himself or any third party any Confidential
Information. 
 (b) Non-Competition. Employee covenants and agrees that during the Restricted Period, Employee
shall not, directly or indirectly, individually or jointly, own any interest in, operate, join, control or participate as a partner, director, principal, officer, or agent of, enter into the employment of, act as a consultant to, or perform any
services for any Person (other than the Company or any other member of the Company Group), that engages in any Competitive Activities within the Restricted Area. Notwithstanding anything herein to the contrary, this Section 9(b) shall not prevent
Employee from acquiring as an investment securities representing not more than three percent (3%) of the outstanding voting securities of any publicly-held corporation. 

  
 - 10 -

 (c) Non-Solicitation; Non-Interference. During the Restricted Period, Employee shall
not, directly or indirectly, for his own account or for the account of any other Person, engage in Interfering Activities. 

(d) Return of Documents. In the event of the termination of Employee’s employment for any reason, Employee shall deliver to
the Company all of (i) the property of the Company and any other member of the Company Group and (ii) the documents and data of any nature and in whatever medium of the Company and any other member of the Company Group, and he shall not
take with him any such property, documents or data or any reproduction thereof, or any documents containing or pertaining to any Confidential Information. 
 (e) Works for Hire. Employee agrees that the Company shall own all right, title and interest throughout the world in and to any and all inventions, original works of authorship, developments,
concepts, know-how, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or
reduced to practice during the Term of Employment, whether or not during regular working hours, provided they either (i) relate at the time of conception or development to the actual or demonstrably proposed business or research and development
activities of any member of the Company Group; (ii) result from or relate to any work performed for the Company or any member of the Company Group; or (iii) are developed through the use of Confidential Information and/or Company resources
or in consultation with any personnel of the Company or any other member of the Company Group (collectively referred to as “Developments”). Employee hereby assigns all right, title and interest in and to any and all of these
Developments to the Company. Employee agrees to assist the Company, at the Company’s expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce, and defend any rights specified to be so owned or
assigned. Employee hereby irrevocably designates and appoints the Company and its agents as attorneys-in-fact to act for and on Employee’s behalf to execute and file any document and to do all other lawfully permitted acts to further the
purposes of the foregoing with the same legal force and effect as if executed by Employee. In addition, and not in contravention of any of the foregoing, Employee acknowledges that all original works of authorship which are made by him (solely or
jointly with others) within the scope of employment and which are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act (17 U.S.C. Sec. 101). To the extent allowed by law, this
includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights.” To the extent Employee retains any such moral rights under applicable law, Employee hereby
waives such moral rights and consents to any action consistent with the terms of this Agreement with respect to such moral rights, in each case, to the full extent of such applicable law. Employee will confirm any such waivers and consents from time
to time as requested by the Company. 

  
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 (f) Blue Pencil. If any court of competent jurisdiction shall at any time deem the
duration or the geographic scope of any of the provisions of this Section 9 unenforceable, the other provisions of this Section 9 shall nevertheless stand and the duration and/or geographic scope set forth herein shall be deemed to be the longest
period and/or greatest size permissible by law under the circumstances, and the parties hereto agree that such court shall reduce the time period and/or geographic scope to permissible duration or size. 

Section 10. Injunctive Relief. 
 Without limiting the remedies available to the Company, Employee acknowledges that a breach of any of the covenants contained in Section 9 hereof may result in material irreparable injury to the Company
Group for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of such a breach or threat thereof, the Company (or any other member of the Company Group) shall
be entitled to obtain a temporary restraining order and/or a preliminary or permanent injunction, without the necessity of proving irreparable harm or injury as a result of such breach or threatened breach of Section 9 hereof, restraining Employee
from engaging in activities prohibited by Section 9 hereof or such other relief as may be required specifically to enforce any of the covenants in Section 9 hereof. Notwithstanding any other provision to the contrary, the Restricted Period shall be
tolled during any period of violation of any of the covenants in Section 9(b) or (c) hereof and during any other period required for litigation during which the Company (or any other member of the Company Group) seeks to enforce such covenants
against Employee if it is ultimately determined that Employee was in breach of such covenants. 
 Section 11.
Representations and Warranties of Employee. 
 Employee represents and warrants to the Company that he is entering into
this Agreement voluntarily and that his employment hereunder and compliance with the terms and conditions hereof will not conflict with or result in the breach by him of any agreement to which he is a party or by which he may be bound.

 Section 12. Taxes. 
 The Company may withhold from any payments made under this Agreement all applicable taxes, including but not limited to income, employment and social insurance taxes, as shall be required by law. Employee
acknowledges and represents that the Company has not provided any tax advice to him in connection with this Agreement and that he has been advised by the Company to seek tax advice from his own tax advisors regarding this Agreement and
payments that may be made to him pursuant to this Agreement, including specifically, the application of the provisions of Section 409A of the Code to such payments. 

Section 13. Mitigation. 
 Employee shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise. 

  
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 Section 14. Additional Section 409A Provisions. 

(a) Notwithstanding any provision in this Agreement to the contrary, any payment otherwise required to be made hereunder to the Employee
at any date as a result of the termination of Employee’s employment (other than any payment made in reliance upon Treas. Reg. Section 1.409A-1(b)(9) (Separation Pay Plans) or Treas. Reg. Section 1.409A-1(b)(4) (Short-Term Deferrals))
shall be delayed for such period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code. On the earliest date on which such payments can be made without violating the requirements of
Section 409A(a)(2)(B)(i) of the Code, there shall be paid to the Employee, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence. No payment due under this Agreement shall
be delayed or deferred to a date that would violate Section 409A of the Code. 
 (b) Each payment in a series of payments
hereunder shall be deemed to be a separate payment for purposes of Section 409A of the Code. 
 (c) To the extent that any
right to reimbursement of expenses or payment of any benefit in-kind under this Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code), (i) any such expense reimbursement shall be made by
the Company no later than the last day of the taxable year following the taxable year in which such expense was incurred by Employee, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for
another benefit, and (iii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable
year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the
arrangement is in effect. 
 (d) While the payments and benefits provided hereunder are intended to be structured in a manner to
avoid the implication of any penalty taxes under Section 409A of the Code, in no event whatsoever shall the Parent or any of its affiliates (including, without limitation, the Company) be liable for any additional tax, interest, or penalties
that may be imposed on Employee as a result of Section 409A of the Code or any damages for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any, under
Section 409A of the Code). 
 Section 15. Successors and Assigns; No Third-Party Beneficiaries;
Indemnification. 
 (a) The Company. This Agreement shall inure to the benefit of the Company and its respective
successors and assigns. Neither this Agreement nor any of the rights, obligations or interests arising hereunder may be assigned by the Company without Employee’s prior written consent (which shall not be unreasonably withheld, delayed or
conditioned), to a person or entity other than an affiliate or parent entity of the Company, or their respective successors or assigns; provided, however, that, in the event of the merger, consolidation, transfer or sale of all or
substantially all of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and
perform all the promises, covenants, duties and obligations of the Company hereunder, it being agreed that in such circumstances, the consent of Employee shall not be required in connection therewith. 

  
 - 13 -

 (b) Employee. Employee’s rights and obligations under this Agreement shall not
be transferable by Employee by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Employee shall die, all amounts then payable to Employee hereunder shall be paid in accordance with
the terms of this Agreement to Employee’s devisee, legatee or other designee or, if there be no such designee, to Employee’s estate. 
 (c) No Third-Party Beneficiaries. Except as otherwise set forth in Section 8(b) or Section 15(b) hereof, nothing expressed or referred to in this Agreement will be construed to give any person or
entity other than the Company, the other members of the Company Group and Employee any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement. 

(d) Indemnification. To the fullest extent permitted by law, the Company shall indemnify Employee (including the advancement of
expenses) for any judgments, fines, amounts paid in settlement, and reasonable expenses, including attorneys’ fees, incurred by Employee in connection with the defense of any lawsuit or other claim to which he is made a party by reason of being
an officer or employee of the Company, provided that any settlement, consent to judgment or similar action taken by Employee without the prior written consent of the Company in respect of any such lawsuit or other claim shall not be subject to
indemnification hereunder. During the Term of Employment and for at least six (6) years thereafter, the Company shall make reasonable best efforts to maintain customary director and officer liability insurance covering Employee for acts and
omissions during the Term of Employment, which coverage shall include Severable Side A and Difference in Conditions. 

Section 16. Waiver and Amendments. 
 Any waiver, alteration, amendment or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by each of the parties hereto; provided, however,
that any such waiver, alteration, amendment or modification is consented to on the Company’s behalf by the Board. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any
subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 
 Section 17. Severability. 
 If any covenants or such other provisions
of this Agreement are found to be invalid or unenforceable by a final determination of a court of competent jurisdiction: (a) the remaining terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or
provision hereof shall be deemed replaced by a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision hereof. 

  
 - 14 -

 Section 18. Governing Law and Jurisdiction. 

This Agreement is governed by and is to be construed under the laws of the State of New York, without regard to conflict of laws rules.
Any dispute or claim arising out of or relating to this Agreement or claim of breach hereof (other than claims for injunctive relief, which shall be governed by Section 10 hereof) shall be brought exclusively in the Federal court in the State of New
York. By execution of the Agreement, the parties hereto, and their respective affiliates, consent to the exclusive jurisdiction of such court, and waive any right to challenge jurisdiction or venue in such court with regard to any suit, action, or
proceeding under or in connection with the Agreement. Each party to this Agreement also hereby waives any right to trial by jury in connection with any suit, action or proceeding under or in connection with this Agreement. 

Section 19. Notices. 
 (a) Every notice or other communication relating to this Agreement shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be
designated by it in a notice mailed or delivered to the other party as herein provided; provided that, unless and until some other address be so designated, all notices or communications by Employee to the Company shall be mailed or delivered
to the Company at its principal executive office, and all notices or communications by the Company to Employee may be given to Employee personally or may be mailed to Employee at Employee’s last known address, as reflected in the Company’s
records. 
 (b) Any notice so addressed shall be deemed to be given: (i) if delivered by hand, on the date of such
delivery; (ii) if mailed by courier or by overnight mail, on the first business day following the date of such mailing; or (iii) if mailed by registered or certified mail, on the third business day after the date of such mailing.

 Section 20. Section Headings. 
 The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof, affect the meaning or interpretation of this
Agreement or of any term or provision hereof. 
 Section 21. Entire Agreement. 

This Agreement, together with any exhibits attached hereto, constitute the entire understanding and agreement of the parties hereto
regarding the employment of Employee. This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings and agreements between the parties relating to the subject matter of this Agreement. 

Section 22. Survival of Operative Sections. 
 Upon any termination of Employee’s employment, the provisions of Section 8 through Section 23 of this Agreement (together with any related definitions set forth in Section 1 hereof) shall survive to
the extent necessary to give effect to the provisions thereof. 

  
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 Section 23. Counterparts. 

This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together
shall constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature. 

*        *        * 

[Signatures to appear on the following page] 

  
 - 16 -

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

	
	UNITED MARITIME GROUP, LLC
	
	/s/ Sal Litrico
	By: Sal Litrico
	Title: CEO

  

	
	EMPLOYEE
	
	/s/ John P. Binion
	John P. Binion

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