Document:

mcahillnoncompeteredacte

                       CONFIDENTIAL INFORMATION, NON-SOLICITATION AND NON-COMPETITION AGREEMENT             This  Confidential  Information,  Non-Solicitation  and   Non-Competition   Agreement           ("Agreement")  is  made  and  entered  into  as  of  the  2 2 _ day of August, 2020,  by  and           between  FEDNAT  HOLDING  COMPANY,  its  affiliates,  parents,  subsidiaries,  successors  or           assigns  (collectively  referred  to  as  “Company”),  and  PATRICK  MCCAHILL  (hereinafter           "Employee").                    WHEREAS, Employee seeks employment or continued employment with the Company;                     WHEREAS, the Company would not employ or continue to employ Employee but for           Employee's agreement to the terms and conditions hereinafter set forth; and                     WHEREAS,  Employee  will  be entrusted  with  and  have access  to  the Company's trade           secrets,  customers,  employees  and  other  confidential  and  proprietary information,  property and           knowledge.                     NOW, THEREFORE, in consideration of, among other things, Employee's employment           or  continued  employment,  the  receipt  and  sufficiency  of  which  Employee  acknowledges,           Company and Employee agree as follows:                    1.    COMPANY'S  BUSINESS.  The  Company  offers  insurance  products  and            services,  including  but  not  necessarily  limited  to,  homeowners insurance,  commercial  general            liability  insurance,  federal  flood  insurance,  personal  auto,  and  umbrella  insurance.  The  term            "Company's Business", as used in this Agreement, includes these activities as well as any other            activities in which the Company may become engaged or be in the process of developing during            Employee's employment with the Company.                    2.    ACCESS  TO  CUSTOMERS,  POLICYHOLDERS,  AGENTS  AND            CONFIDENTIAL  INFORMATION.  At  great  expense  to  it,  the  Company  has  secured            customers,  policyholder,  agents  and  solicited  potential  customers,  policyholders  and  agents            through  its employees  and  sales  and  marketing  efforts  in its  service  area and  by promoting its            business  practices  through  its  good  name  in  the  industry. In  this  regard,  Employee  will  have            employment  responsibilities  involving  finance,  accounting,  investments,  SEC  reporting,            shareholder communication, administration, customer contact, marketing, distribution, products,            services  and  new  product  and  services  launches,  recruiting,  contact  with  recruits,  and/or            exposure  to  sales,  marketing,  product,  services,  customer  and  recruiting  information  and  other           aspects of Company's Business.                    3.    COMPANY'S CONFIDENTIAL INFORMATION.                          a. With  the  exception  of  its  employees,  the  Company  considers  its most                           valuable  assets  to  be  its  trade  secrets  and  other  confidential business                           information such as its insured and agent lists, any and all Company financial                           records known or considered to be non-public information, current and future                           sales  and  marketing  plans,  including  distribution,  advertising,  underwriting,                           files,  business  relationships  and  accounts,  customer  lists  and information,                           computer  software  and  hardware,  information  relating  to  the  Company's                           programs, activities, projects and services, or any other materials relating to 

 

                                     the Company's business or the customers of the Company or any trade secrets                           or  confidential  information,  including,  without  limitation,  any  business  or                           operational planning, budgeting and methods, drawings, sketches, designs or                           concepts,  know-how,  marketing  plans  or  strategies,  financial  accounting,                           investment  presentations,  reinsurance,  human  resource  management,                           corporate recordkeeping, programs, products or services, business acquisition                           plans, financial or other performance data, personnel and other policies of the                           Company,  and  any  other  information,  whether  communicated  orally or in                           documentary  or  other  tangible  form,  concerning  how  Company  operates                           Company's Business.  The parties to this Agreement recognize Company has                           invested  considerable  amounts  of  time  and  money  in  attaining   and                           developing  all  of  the  information  described  above  (hereafter  collectively                           referred to as "Company's Confidential Information"), and any unauthorized                           disclosure  or  release  of  Company's  Confidential  Information  in any  form                           would irreparably harm Company.                          b. The  parties  recognize  Employee  may take  part  in  attaining and  developing,                           and/or otherwise will have access to Company's Confidential Information in                           the course of Employee's employment with Company.                          c. The parties further recognize protecting Company's Confidential Information                           from  disclosure  to  others  not  only  benefits  Company,  but  also  benefits  all                           Company employees who remain in Company's employ, as their livelihood is                           dependent upon the preservation of Company's Business.                    4.    COMPANY'S  LEGITIMATE  BUSINESS  INTERESTS.  In  light  of  the            foregoing,  the  Company  has  legitimate  business  interests  to  protect,  including  (a)  valuable            confidential business and proprietary information and trade secrets, (b) substantial relationships            with  specific  prospective  and  existing  customers,  and  (c)  goodwill  associated  with  (i)            extraordinary or specialized training of its employees, (ii) promotion of the Company's business            practice through  its  good  name in  the industry,  and  (iii) the specific geographical  location  and            marketing area within which the Company’s business is located and draws its customers.                    5.    NON-DISCLOSURE  OR  USE  OF  COMPANY'S  CONFIDENTIAL            INFORMATION.  Employee  shall  refrain  from  directly  or  indirectly  disclosing to any third            party, using for any purpose other than for the direct benefit of Company, or communicating in            any  manner,  any  of  Company's  Confidential  Information  during  Employee's  employment  and            thereafter, whatever the reason for Employee leaving Company's employ.                    6.    CONFIDENTIAL  INFORMATION  FROM  THIRD  PARTIES.  Employee            recognizes the Company has received and in the future will receive from customers, agents, and            other  third  parties  their  confidential  or  proprietary  information  subject  to  a  duty  on  the           Company's part to maintain the confidentiality of such information and to use it only for certain           limited purposes. Employee agrees to hold all such confidential or proprietary information in the           strictest confidence and not to disclose it to any person, firm or corporation or to use it except as           necessary in carrying out Employee’s work for Company consistent with Company's agreement           with such third party. 

 

                            7.    RETURN OF COMPANY'S PROPERTY.  Should Employee's employment be            terminated for any reason, Employee shall:                          a. Refrain  from  taking  any  of  the  Company's  property  or  allowing  any  of  the                           Company's property to be taken from the Company's premises;                          b. Refrain  from  transmitting  or  reproducing  in  any  manner  or  allowing  to  be                           transmitted or reproduced any of the Company's property;                          c. Refrain from removing any such reproduction from the Company's premises;                          d. Delete any electronically stored Company property in Employee's possession,                           custody or control; and                          e. Immediately  return  to  Company  any  original  or  reproduction  of  Company's                           property  in  Employee's  possession,  including  but  not  limited  to  manuals,                           procedures, reports, papers, or other documents relating to the business of the                           Company. At  any  time  upon  request  by  the  Company,  Employee  agrees  to                          immediately return to the Company any of the Company's property.                    8.    RESTRICTIVE  COVENANTS.      During  Employee’s  employment  with  the            Company  and  for  a  period  of  one  year  thereafter,  whatever   the   reason   for   Employee's            termination  of  employment,  Employee  shall  not,  either  directly or  indirectly,  either  on            Employee’s  own  behalf  or  on  behalf  of  another  business  or  individual,  engage  in  any  of  the            following  activities,  or  assist  others  in  such  activities,  in  any  geographic  location  where            Company's Business is or may be conducted:                          a. Solicit, hire, recruit, or attempt to solicit, hire or recruit, for any individual or                           entity engaged in any business similar to and in competition with Company's                           Business,  any  current  or  former  employee,  including  directors, officers  and                           agents,  of  the  Company,  or  enter  into  any  contractual  agreement  with  any                           employee or former employee, including directors, officers and agents, of the                           Company,  or  attempt  to  induce  any  employee,  including  directors,  officers                           and  agents,  of  the  Company  to  terminate  his  or  her  employment  or                           relationship with the Company;                          b. Solicit  or  accept  any  business  from  any  of  Company's  current,  former  or                           prospective  customers  (a  prospective  customer  is  defined  as  any  person  or                           business  Company  has  actively  solicited,  planned  to  solicit,  or  provided                          products or services to, during the 12  months before Employee's termination                          of  employment  with  Company),  insureds,  agents,  vendors,  partners,  or                           associations,  if  the  business  solicited  or  accepted  is  similar to  Company's                           Business; or                          c. Enter  into,  engage  in,  be  employed  by,  be  connected  to,  consult  for,  or                           otherwise assist any business or individual engaged primarily in any business                           similar  to  and  in  competition  with  Company's  Business.  Nothing in  this                           Agreement prevents Employee from owning not more than 2% of the equity                           of a publicly traded entity. 

 

                            9.    RIGHT  TO  INJUNCTIVE  RELIEF.  The parties to this  Agreement  recognize            irreparable harm would result from any breach by Employee of the covenants contained in this            Agreement and monetary damages alone would not provide adequate relief for any such breach.            Accordingly, in addition to any other remedy which may be available to Company, if Employee            breaches a restrictive covenant in this Agreement, the parties acknowledge injunctive and other            relief  in  favor  of  Company  is  proper  and  may  be  ordered  by  any state  or  federal  court  of            competent jurisdiction located in Broward County, Florida.                    10.   TRADE SECRETS. Company and Employee's rights and obligations under this            Agreement  shall  be  cumulative  and  in  addition  to  any  rights  Company  may  have  to  protect            Company's Confidential Information that may constitute trade secrets under applicable law.                    11.   COSTS  AND  ATTORNEYS'  FEES.  If  either  party  seeks  to  enforce  any            provision(s)  in  this  Agreement  in  a  court  of  competent  jurisdiction  and  secures  any  relief,  the            prevailing party shall be entitled to reasonable attorney's fees and costs incurred in enforcing this            Agreement.                    12.   EXTENSION  OF  RESTRICTIVE  COVENANT  DURING  BREACH.  If            Employee  breaches  a  covenant  containing  a  specified  duration,  the  duration  of  that  covenant            shall  be  extended  by  the  period  of  time  between  Employee's  termination  of  employment  with            Company and the date a court of competent jurisdiction enters an injunction restraining further            breach  of  the  covenant.  Additionally,  if  Employee  breaches  any restrictive  covenant  in  this            Agreement, Employee forfeits Employee’s right to any compensation payable while Employee is            breaching such covenant or after any such breach has occurred.                    13.   SERVICE OF PROCESS.  If Company determines Employee has breached this            Agreement, Employee shall become available for service of process within the State of Florida.                    14.   JUDICIAL  MODIFICATION  OF  COVENANTS.  If  a  court  of  competent            jurisdiction determines any of the restrictions in this Agreement are overbroad, Employee shall            agree to modification of the affected restriction(s) to permit enforcement to the maximum extent            allowed by law.                    15.   INDEPENDENT  AGREEMENTS.  The  agreements  and  covenants  in            Paragraphs  5-8  of  this  Agreement  shall  be  construed  as  agreements  independent  of  any  other            provision  of  this  Agreement  or  in  any  other  agreement  by,  between,  among,  or  affecting            Company and Employee, and the existence of any claim or cause of action of Employee against            Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to            the  enforcement  of  any  of  the  agreements  or  covenants  in  those Paragraphs. The  covenants,            agreements,  and  representations  set  forth  in  this  Agreement  will  survive  termination  of  this            Agreement and termination of Employee's employment.                    16.   AT-WILL  EMPLOYMENT/NO  DUTY  TO  EMPLOY.   Employee            understands  that  this  Agreement  does  not  constitute  a  contract of  employment  or  obligate  the            Company  to  employ  Employee  for  any  stated  period  of  time.  Nothing  contained  in  this            Agreement  shall  limit  the  ability  of  either  Employee  or  the  Company  to  terminate  the            employment relationship at will, with or without cause, at any time.                    17.   SUCCESSORS  AND  ASSIGNS. Company's  rights  and  obligations  under  this            Agreement  may  be  assigned  at  the  Company's  discretion  to  any  successor  or  assign.    Any 

 

                      successor or assign of Company is authorized to enforce all terms of this Agreement, including,            but  not  limited  to,  the  provisions  and  restrictive  covenant  described  in  Paragraphs  5-8  of  this            Agreement,  as  if  the  name  of  such  successor  or  assign  replaces Company  throughout  this            Agreement.  Employee's  rights  and  obligations  under this  Agreement,  being personal  in  nature,            may not be assigned.                    18.   NOTICES.  All  notices  required  or  permitted  under  this  Agreement  shall be  in            writing and shall be deemed delivered when delivered in person or on the third day after being            deposited in the mail, postage paid, addressed as follows:                  FEDNAT HOLDING COMPANY:                  14050 NW 14th Street,                Suite 180                Sunrise, Florida 33323                Attention:  Chief Executive Officer                 PATRICK MCCAHILL                 7431 N Cypresshead Drive,                Parkland, FL 33067                Such addresses may be changed from time to time by either party by providing written notice in            the manner set forth above.                    19.   ENTIRE  AGREEMENT.  This  Agreement,  Bonus  Agreement,  and  Change  in            Control Agreement contain the entire agreement of the parties and there are no other promises or           conditions in any other agreement whether oral or written. This Agreement supersedes any prior           written or oral agreements between the parties, with the exception of the Bonus Agreement, and           Change in Control Agreement.                    20.   AMENDMENT.  This  Agreement  may not  be  modified  or  amended,  unless  the            modification is set forth in a written document signed by both parties.                    21.   SEVERABILITY.  If  any  provisions  of  this Agreement shall  be  held  to  be            invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and            enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but            that by limiting such provision it would become valid or enforceable, then such provision shall            be deemed to be written, construed, and enforced as so limited.                    22.   WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce            any provision of this Agreement shall not be construed as a waiver or limitation of that party's            right  to  subsequently  enforce  and  compel  strict  compliance  with  every  provision  of  this            Agreement.                    23.   APPLICABLE  LAW.  ALL  ISSUES  RELATED  TO  THIS  AGREEMENT           SHALL  BE  GOVERNED  AND  CONSTRUED      IN  ACCORDANCE  WITH  THE  LAWS  OF            THE    STATE    OF    FLORIDA,    WITHOUT    REGARD    TO    CONFLICT    OF    LAWS 

 

                     PRINCIPLES.  THE  PARTIES  AGREE  THAT  ANY  LITIGATION  ARISING  OUT  OF,           CONCERNING, OR IN CONNECTION WITH THIS AGREEMENT SHALL OCCUR IN THE           STATE  OF  FLORIDA,  IN  BROWARD  COUNTY,  FLORIDA  OR  IN  THE  FEDERAL           COURTS  OF  THE  UNITED  STATES  DISTRICT  COURT,  SOUTHERN  DISTRICT  OF           FLORIDA.  BOTH  PARTIES  HEREBY  CONSENT  TO  JURISDICTION  OF  THE  STATE           AND  FEDERAL  COURTS  LOCATED  IN  THE  STATE  OF  FLORIDA  OVER  ANY  SUCH           LITIGATION  OR  DISPUTE.  EMPLOYEE  EXPRESSLY  CONSENTS  TO  THE  PERSONAL           JURISDICTION  OF  THE  FEDERAL  AND  STATE  COURTS  IN  FLORIDA.  ANY  SUCH           LAWSUIT SHALL BE BROUGHT IN OR REMOVED TO A STATE OR FEDERAL COURT           OF  COMPETENT  JURISDICTION  LOCATED  IN  BROWARD  COUNTY,  FLORIDA  OR           THE UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF FLORIDA.                    24.   ACKNOWLEDGMENTS. Both Employee and the Company are executing this           Agreement  voluntarily  and  without  any  duress  or  undue  influence.  Both  Employee  and  the           Company  understand  the  terms,  consequences  and  binding  effect  of  this  Agreement.  Both           Employee and the Company have had the opportunity to seek the advice of an attorney of their           own selection before signing this Agreement.  No rules of construction will be applied in favor           of or against either party based on the identity of the party drafting this Agreement.                    25.   COUNTERPARTS.  This  Agreement  may  be  executed  in  any  number  of            counterparts, each of which shall be enforceable, and all of which together shall constitute one            agreement. A photocopy, facsimile, copy or electronic copy of any party's signature shall be as            binding as the original.             AGREED TO AND ACCEPTED:             FEDNAT HOLDING COMPANY             By:  /s/ Michael Braun                   Michael H. Braun CEO/President             AGREED TO AND ACCEPTED:            PATRICK MCCAHILL            /s/ Patrick McCahill                 Patrick McCahillgsky3q2020ex10_1

                                                                   Exhibit 10.1                                                            STRICTLY CONFIDENTIAL  August 2, 2020  Andrew Kang  Dear Andrew:  GreenSky, Inc. (also referred to as “GreenSky” or the “Company”) is pleased to offer  you a full-time position to serve as the Executive Vice President and Chief Financial  Officer, reporting directly to David Zalik, GreenSky’s Chief Executive Officer. The  position is located in Atlanta, Georgia, and includes the duties we discussed, and others  as reasonably assigned from time to time. Your start date will be on or before  September 1, 2020, or as soon thereafter as your obligations to your current employer  permit (but in no event later than November 9, 2020); it being understood that if you do  not commence employment with GreenSky by November 9, 2020 (other than due to a  refusal by GreenSky to employ you), this offer letter shall be null and void and of no  force or effect.  Your bi-weekly salary will be $25,000.00, which is equivalent to $650,000.00 on an annual  basis. You will be paid in accordance with GreenSky’s customary payroll practice, which  currently provides for bi-weekly pay periods, subject to tax withholdings and other  standard payroll deductions.  You will also be eligible for an annual discretionary cash bonus, with a target of 50% of your  annualized base salary, based upon the achievement of certain agreed-upon executive  annual performance objectives and the achievement by the Company of EBITDA targets  established from time to time by the Company’s board of directors (the “Board”) or by the  Compensation Committee of the Board. You will be eligible to participate in the GreenSky,  Inc. 2018 Omnibus Incentive Compensation Plan (the “Omnibus Plan”), at a targeted annual  value of $650,000.00, with annual awards (“LTIP Awards”) initially composed 2/3 of RSA  grants and 1/3 qualified stock options, each LTIP award to vest ratably over grant date  Anniversaries 1-4. Current forms of award agreement for these grants, and a copy of the  Omnibus Plan, have been provided separately. Your annual cash bonus and LTIP Awards 

 

for calendar year 2020 (“CY 2020”) will be prorated based on your actual start date, with the  cash bonus for CY 2020 paid when annual bonuses for CY 2020 are paid to other NEOs  and with the prorated LTIP Awards for CY 2020 granted within 30 days following  commencement of employment. Except as otherwise provided in GreenSky’s Executive  Severance Plan (the “Severance Plan”), you must be employed by GreenSky on the date  any annual bonus is distributed (or due to be distributed) to be eligible for the bonus.  The  current forms of award agreement will be used for your CY 2020 LTIP Awards.  You will be granted two hundred thousand (200,000) Class A Restricted Stock Awards  (RSAs) pursuant to the GreenSky Omnibus Plan within 30 days of commencement of  employment, such grant to vest 25% per annum (4-year vesting on anniversaries 1-4 of  your date of employment) with acceleration upon a Change in Control (as defined in the  Severance Plan). This award will be governed by an award agreement that is consistent  with the express terms of this offer letter and that otherwise follows the current form of  RSA agreement. In the event that before the second anniversary of your commencement  of employment you are terminated by the Company other than for “Cause” (as defined  herein) or “Disability” (as defined in the Severance Plan) or you terminate your  employment for “Good Reason” (as defined in the Severance Plan), GreenSky will pay  you $378,000 within 60 days following such termination (the “Termination Payment”) less  the fair market value of all vested RSAs as of the date of such termination, provided that if  the fair market value of such vested RSAs as of such date equals or exceeds $378,000  then no Termination Payment shall be due hereunder.  You will be provided with a $150,000.00 cash relocation stipend, to be funded within 45  days from commencement of employment, and taxable as relocation. To the extent that any  portion of the relocation stipend is used for expenses incurred that are non-deductible, such  non-deductible amount will be fully grossed up for federal income taxes at the rate of 38%  and for other taxes at the highest applicable marginal tax rate.  Subject to your continued  employment as of such date, the Company shall pay you a $220,000.00 cash sign-on  bonus on or before February 28, 2021, provided that such sign-on bonus shall also be  payable if, prior to February 28, 2021, you are terminated by the Company other than for  “Cause” (as defined herein) or “Disability” (as defined in the Severance Plan) or you                                 GreenSky, LLC | 5565 Glenridge Connector, Atlanta, GA 30342 | 1-866-936-0602                                      2

 

terminate your employment for “Good Reason” (as defined in the Severance Plan). You  agree to promptly reimburse the Company the full amount of such sign-on bonus if your  employment with the Company terminates before the second anniversary of your  commencement of employment with GreenSky, except in connection with a termination by  the Company other than for “Cause” (as defined herein) or “Disability” (as defined in the  Severance Plan) or by you for “Good Reason” (as defined in the Severance Plan) or due to  a material uncured breach by the Company of the terms of your employment.  You will be expected to commute to Atlanta weekly, obtaining a (GreenSky subsidized)  apartment in metro Atlanta allowing you to work on-site at the Company’s corporate  headquarters during normal working hours pending eventual permanent relocation to metro  Atlanta within one year of commencement of your employment with GreenSky.  If (a) you are terminated by the Company for any reason other than “Cause” (as defined  herein) or “Disability” (as defined in the Severance Plan) or (b) you resign your  employment for “Good Reason” (as defined in the Severance Plan) or due to a non-cured  material breach by the Company of the terms of your employment, and provided that you  have complied with the notice and opportunity-to-cure provisions of the Severance Plan,  the Company will provide the benefits described in the Severance Plan (sent under  separate cover). Provision of such benefits will further be contingent upon your execution,  and delivery within 60 days after your employment terminates, of a customary release and  separation agreement that (x) does not release claims under any applicable GreenSky  plan, program, agreement, or arrangement (other than duplicative severance benefits, if  any), and (y) does not impose any additional post-employment restrictions, obligations or  forfeitures on you, other than reasonable cooperation obligations; provided that such  release and severance agreement is delivered to you with 10 days after your employment  terminates.  A copy of the form of agreement currently used has been provided  separately.  For the purposes of this provision, “Cause” means any of the following: the  current use of illegal drugs; conviction of any crime which involves moral turpitude, fraud  or misrepresentation; commission of any act which constitutes a felony and which  adversely impacts the business or reputation of the Company; deliberate fraud;  misappropriation or embezzlement of Company funds or significant property; willful or                                 GreenSky, LLC | 5565 Glenridge Connector, Atlanta, GA 30342 | 1-866-936-0602                                      3

 

reckless misconduct which is materially injurious to the reputation, business, business  prospects, or business relationships of the Company; any material violation or default, not  cured on 10 days written notice from the Company to you describing the violation and/or  default in reasonable detail and requesting cure, of any material written agreement you  have with the Company or any of the Company’s material written policies in effect from  time to time; material and continuous failure to meet reasonable performance criteria or  reasonable standards of conduct established in writing from time to time by the Company,  which failure is not cured by you within 45 days after your receipt of written notice  describing in reasonable detail the deficiencies with respect to such performance or  conduct; or your failure to permanently relocate to metro Atlanta within one year of  commencing employment with the Company.  Standard GreenSky employee benefits to include group health coverage, 401K  participation, paid holiday, vacation & personal days (uncapped for Executive level). The  GreenSky employee benefits are specified in the Employee Manual and currently include  paid time off for vacation and sick time, health and dental insurance, short and long-term  disability insurance, flexible spending/dependent care account, 401k and optional AFLAC  supplemental insurance. GreenSky reserves the right to modify the terms and conditions  of these benefits at any time in its sole discretion and as required by the needs of the  business. You will also be entitled to the benefits described in the Indemnification  Agreement that has been provided to you separately, which agreement will be fully  executed on or before your actual start date, and to prompt payment, or reimbursement,  of legal fees and other charges of counsel you reasonably incur (not to exceed $5,000.00)  in connection with entering into, and implementing, the arrangements described in this  letter.   As a GreenSky employee, you will be expected to abide by all GreenSky policies,  practices, and procedures, as outlined in GreenSky’s Employee Manual. You also agree  to execute and deliver, prior to your employment through the digital on-boarding process,  GreenSky’s Confidentiality, Non-Solicitation, Non-Recruitment, Non-Competition, and  Invention Assignment Agreement (the “Employee Agreement”), provided that,  notwithstanding anything to the contrary therein, (i) the non-competition covenant in the                                 GreenSky, LLC | 5565 Glenridge Connector, Atlanta, GA 30342 | 1-866-936-0602                                      4

 

Employee Agreement shall lapse one year following the termination of your employment  for any reason, and (ii) nothing in the Employee Agreement shall restrict you from  performing any of the same, or similar, duties that you performed for GreenSky for any  person or entity that offers or facilitates point-of-sale financing or online consumer  lending so long as, with respect to such person or entity, neither such financing nor such  lending is a material activity or a material source of revenue. A copy of the Employee  Agreement has been provided separately.   As required by law, this offer of employment is subject to satisfactory proof of your right  to work in the United States. By accepting this offer, you represent and warrant that your  employment with GreenSky will not violate any agreement, obligation or understanding  that you may have with any third party, including your current employer or any prior  employer, (y) you acknowledge that if the foregoing representation and warranty is in  any significant respect incorrect, GreenSky will be excused from an obligation to hire  you, and (z) upon notifying your current employer of your intention to resign your  employment, you agree to ask your current employer for a copy of any restrictive  covenant or similar type of restriction to which you are subject and to furnish same to  GreenSky promptly. GreenSky in return warrants that it will not require you to commit  any such violation.  GreenSky warrants that it has successfully completed all required professional reference  checks, background investigations, credit investigations, and other pre-employment  checks that may apply. GreenSky further warrants that it is fully authorized to enter into,  and carry out the terms of, this offer letter.  Please understand that your employment with GreenSky will be at will. This means that  either you or GreenSky may terminate your employment at any time, for any reason, not  prohibited by law. The nature of this employment relationship, and the terms set forth in  this letter, cannot be changed except in a writing signed by you and an executive officer  of GreenSky. In the event of any conflict between the terms of this letter and those of any  other document or understanding, the terms of this letter shall, to the extent more  favorable to you, control.                                 GreenSky, LLC | 5565 Glenridge Connector, Atlanta, GA 30342 | 1-866-936-0602                                      5

 

If you choose to accept our offer under the terms described, please sign below and  return an executed copy of this letter by August 4, 2020. Signatures delivered by  facsimile (including, without limitation, by “PDF”) shall be effective for all purposes.  We look forward to your favorable reply and to a productive and enjoyable work  relationship. We are excited to have you join us.  Very truly yours,  /s/ David Zalik  David Zalik  CEO/GreenSky                                Accepted by: /s/ Andrew Kang ______________                                Date: August 4, 2020 _____________________                                GreenSky, LLC | 5565 Glenridge Connector, Atlanta, GA 30342 | 1-866-936-0602                                      6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]