Document:

Asset Purchase Agreement

 Exhibit 10.1 
 ASSET PURCHASE AGREEMENT 
 THIS ASSET PURCHASE
AGREEMENT, dated as of this 14TH day of March, 2013, is
entered into by and between Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (“Buyer”), TSG Agency, LLC, a Mississippi limited liability company (“Seller”), and Ivan Spinner, an adult
individual (the “Principal”, and collectively with the Seller, the “Seller Group”). 

Background: 
 Seller is engaged in the Business. Seller owns the Purchased Assets, which Seller uses in the operation of the Business. Buyer desires to purchase from Seller, and Seller desires to sell to Buyer, the
Purchased Assets, all upon the terms and conditions hereinafter set forth. The Principal owns 100% of the issued and outstanding equity interests of Seller. The Principal is entering into this Agreement to provide certain non-competition,
indemnification and other representations and warranties to and covenants with Buyer as a material inducement for Buyer to enter into this Agreement. 
 Agreement: 
 In consideration of the premises and of the respective mutual
agreements, covenants, representations and warranties contained herein, the parties hereto agree as follows: 
 1.
DEFINITIONS. 
 1.1. Certain Defined Terms. As used in this Agreement, except as otherwise set forth
herein, each capitalized term shall have the meaning ascribed to such term in Exhibit A. 
 1.2.
Construction, etc. Unless otherwise expressly provided, for purposes of this Agreement, the following rules of interpretation shall apply: (i) whenever the context requires, the singular includes the plural and the plural includes
the singular; (ii) “or” is not exclusive; (iii) a reference to any Person includes such Person’s successors and assigns but, if applicable, only if succession or any assignment to such successors and assigns is not
prohibited by this Agreement; (iv) the words “include,” “includes” and “including” and any other words or phrases of inclusion shall not limit the generality of any enumerations or descriptions preceding

  
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such terms, and references to “included” matters will be regarded as non-exclusive, non-characterizing illustrations; (v) references to any document, instrument or agreement
(A) shall be deemed to include all exhibits, schedules, addenda, riders and other attachments thereto, (B) shall include all documents, instruments or agreements issued or executed in replacement thereof, and (C) shall mean such
document, instrument or agreement as amended, modified or supplemented from time to time and in effect from time to time in accordance with the terms thereof; (vi) the section headings contained in this Agreement are for the reference purposes
only and shall not affect the meaning or interpretation of any of the provisions of this Agreement; (vii) “copy” or “copies” means that the copy or copies of the material to which it relates are true, correct and complete;
and (viii) “business day” shall mean any day other than a Saturday, Sunday, and any day on which banking institutions in Wilmington, Delaware are required by applicable law to be closed. 

1.2.1. This Agreement is a result of negotiations among, and has been reviewed by Seller, Buyer, Principal and their respective counsel.
Accordingly, this Agreement shall be deemed to be the product of all parties hereto, and no ambiguity shall be construed in favor of or against any party hereto. 
 2. PURCHASE AND SALE OF THE PURCHASED ASSETS. 
 2.1. Purchase
and Sale. Upon the terms and conditions of this Agreement, Buyer hereby agrees to purchase and acquire, and Seller hereby agrees to sell, convey, assign, transfer and deliver to Buyer, free and clear of all Liens, the Purchased Assets.

 2.2. No Assumption of Liabilities. Buyer will not acquire or assume and will have no responsibility for paying,
performing or discharging any Liabilities of the Seller or Principal (the “Retained Liabilities”). No such assumption shall be implied or construed by operation of Law or otherwise. All Retained Liabilities shall remain the sole
responsibility of, and shall be retained, paid, performed and discharged solely by, as applicable, Seller and Principal. 

  
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 2.3. Purchase Price; Allocation. 

2.3.1. The purchase price for all of the Purchased Assets shall be equal to Five Million Five Hundred Thousand Dollars
($5,500,000) (the “Purchase Price”), payable by wire transfer of immediately available funds on the Closing Date. 
 2.3.2. The Purchase Price shall be allocated as set forth on Schedule 2.3.2. Buyer, on the one hand, and the Seller Group, on the other hand, have arrived at this allocation as set
forth in Schedule 2.3.2 by arm’s-length negotiation and none of them will take a position (and each of them will cause their respective Affiliates not to take a position) on any Tax Return or before any Governmental or
Regulatory Authority charged with the collection of any Tax or in any Proceeding that is in any manner inconsistent with the terms of Schedule 2.3.2 or this Section 2.3.2 without the prior written consent of the
other parties to this Agreement. 
 2.4. Excluded Assets. Buyer shall not purchase from Seller, and Seller shall
not sell or transfer to Buyer, any assets of Seller other than the Purchased Assets (collectively, “Excluded Assets”), all of which are excluded from the sale and purchase contemplated hereunder and shall remain the property of
Seller after the Closing. 
 3. CLOSING DATE; CLOSING DELIVERIES. 

3.1. Closing. The closing of the purchase and sale of the Purchased Assets hereunder (the “Closing”) shall
take place at the offices of Stevens & Lee P.C., 620 Freedom Business Center Drive, Suite 200, King of Prussia, Pennsylvania, 19046, or at such other place as Buyer and Seller may mutually agree upon, at 10:00 a.m. (Eastern
Standard Time) on the date hereof (the “Closing Date”). The Closing will be effective as of 11:59 p.m. local time on the Closing Date. 
 3.2. Seller Group Deliveries at Closing. Subject to the terms and conditions of this Agreement, on the Closing Date, the members of the Seller Group, as appropriate, shall deliver to Buyer:

 3.2.1. An executed bill of sale and assignment agreement in form and substance satisfactory to Buyer and the Seller Group
(the “Bill of Sale”); 

  
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 3.2.2. an employment agreement, in form and substance satisfactory to Buyer and the
Principal (the “Principal Employment Agreement”), duly executed by the Principal; and 
 3.2.3. such other
bills of sale, endorsements, assignments and other instruments of transfer and conveyance, in form and substance reasonably satisfactory to Buyer, as shall be effective to vest in Buyer as of the Closing Date, good and marketable title, free and
clear of any Liens, in and to all of the Purchased Assets. 
 3.3. Buyer Deliveries at Closing. Subject to the
terms and conditions of this Agreement, on the Closing Date, Buyer shall deliver, or cause to be delivered, to Seller: 

3.3.1. the Purchase Price by wire transfer of immediately available funds; 

3.3.2. a countersigned copy of the Bill of Sale; and 
 3.3.3. a copy of the Principal Employment Agreement countersigned by Buyer. 
 4.
BUYER REPRESENTATIONS AND WARRANTIES. Buyer represents and warrants to Seller as follows: 
 4.1.
Organization and Authority. Buyer is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware. Buyer has the requisite limited liability company power and authority to enter
into this Agreement and to perform its obligations under this Agreement. The signing, delivery and performance of this Agreement by Buyer have been duly authorized by Buyer, and no further limited liability company action is required on Buyer’s
part in order to authorize this Agreement or the transactions contemplated hereby. Buyer has all requisite power, authority and legal capacity to execute and deliver each Transaction Document to which it is a party, to perform its obligations under
each such Transaction Document, and to consummate the transactions contemplated by each such Transaction Document. This Agreement and each Transaction Document to which Buyer is a party is a legal, valid and binding obligation of Buyer, duly
enforceable against Buyer in accordance with its terms. 

  
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 4.2. No Conflict or Violation. Neither the signing and delivery by Buyer of
this Agreement and the other Transaction Documents to which Buyer is a party, nor the performance by Buyer of the transactions contemplated by this Agreement, will result in: (i) a violation or conflict with Buyer’s formation or governing
documents; (ii) a violation of any Laws or any Order to which Buyer is subject in any material respect; or (iii) a breach or default under any material Contract to which Buyer is a party or is otherwise subject. 

4.3. No Broker’s or Finder’s Fees. No broker, finder, financial advisor or other person acting in a similar
capacity has acted directly or indirectly for Buyer in connection with this Agreement or the transactions contemplated by this Agreement. 
 4.4. Consents and Approvals. Except for any filings or disclosures required to be made by Parent under the Securities Exchange Act of 1934, as amended, or any of the rules and regulations
promulgated thereunder (the “Exchange Act”), the execution, delivery and performance by Buyer of this Agreement and the other Transaction Documents to which it is a party does not require consent, approval or authorization from, or
any declaration, filing, registration or notice with or to, any Governmental or Regulatory Authority or any other Person. 
 5.
SELLER GROUP REPRESENTATIONS AND WARRANTIES. Each member of the Seller Group, jointly and severally, represents and warrants to Buyer as follows: 
 5.1. Organization and Authority. 
 5.1.1. Seller is a limited
liability company duly organized, validly existing and in good standing under the Laws of the State of Mississippi. Seller has the requisite power and authority to own the Purchased Assets and to carry on the Business as presently conducted.

 5.1.2. The execution, delivery and performance of this Agreement by Seller have been duly authorized by all necessary
limited liability company action on behalf of Seller and by Principal, and no further action is required on the part of Seller in order to authorize the execution and delivery of this Agreement and the Transaction Documents to which it is a party,
to perform its obligations hereunder and thereunder, or to consummate the transactions contemplated hereby and thereby. The Principal has the legal capacity to execute 

  
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and deliver each Transaction Document to which he is a party, to perform his obligations under each such Transaction Document, and to consummate the transactions contemplated by each such
Transaction Document. This Agreement and each Transaction Document to which each member of the Seller Group is a party constitutes a legal, valid and binding obligation of such member of the Seller Group, duly enforceable against each of them in
accordance with its terms. 
 5.2. No Conflict or Violation. Neither the signing and delivery by the Seller or the
Principal of this Agreement and the other Transaction Documents to which it or he is a party, nor the performance by the Seller or the Principal of the transactions contemplated hereby and thereby, will result in: (i) a violation of or conflict
with Seller’s certificate or articles of organization or limited liability company operating agreement as in effect on the date hereof; (ii) a violation of any Laws or any Order to which Seller, the Principal, the Business or any of the
Purchased Assets are subject; (iii) the imposition of any Lien against any of the Purchased Assets; (iv) the loss, revocation or nonrenewal of any material Permit; or (v) a breach or default under any Assumed Contract. 

5.3. Consent and Approvals. Except as set forth on Schedule 5.3, the execution, delivery and performance
by the Seller and the Principal of this Agreement and each Transaction Document to which it or he is a party, does not and will not require any consent, approval, appointment or authorization from, or any declaration, filing, registration or notice
with or to, any Governmental or Regulatory Authority or any other Person. 
 5.4. Absence of Litigation. There are
no Proceedings pending or, to the Knowledge of Seller, threatened against or involving Seller, the Business, the Purchased Assets or the Principal (as such Proceedings relate to the Business). There are no outstanding Orders related to the Business
against any member of the Seller Group or any producers or employees involved on behalf of Seller in the Business. 
 5.5.
Compliance with Laws; Permits. 
 5.5.1. Seller (and each other member of the Seller Group insofar as it relates
to the Business or the Purchased Assets) has been in the past and is now in compliance in all material respects with all Laws applicable to Seller, the Business and the Purchased Assets. 

  
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No member of the Seller Group has received notice of a violation or alleged violation of any Laws related to the Business which has not been rectified or which remains outstanding and no such
outstanding violation exists or material violation has occurred. 
 5.5.2. Seller and Principal have all Permits necessary for
the conduct and operation of the Business as presently conducted. Seller has been, and is now, conducting the Business in material compliance with the Permits in all material respects. Seller has timely filed all material reports, registrations,
statements, renewal applications and other submissions that are required pursuant to any Permit to be filed with any Governmental or Regulatory Authority having jurisdiction over the Business. 

5.6. Title to Purchased Assets. Seller has and will deliver to Buyer good and marketable title to all of the Purchased
Assets, free and clear of all Liens. No Person other than Seller owns, holds or claims any beneficial interest, ownership, option to purchase or right of first refusal or Lien of any kind in or to the Purchased Assets, and none of the Purchased
Assets is subject to any Lien or other financing arrangement. Seller has not leased or licensed any of the Purchased Assets for use by any other Person. 
 5.7. Client Information. Seller has not directly or indirectly provided any third party with access to any Client Information, and no third party has had or currently has access to any such
information. 
 5.8. Assumed Contracts. All of the Assumed Contracts are in full force and effect and Seller has
paid in full all amounts due to date thereunder and has satisfied in full all of its other material liabilities and obligations to date. Seller is not in default under any Assumed Contract (copies of which have been provided to Buyer), nor is any
other party to any Assumed Contract in default, and there does not exist any condition which, with the giving of notice or the lapse of time or both, would constitute a material default under any Assumed Contract. 

5.9. Brokers; Powers of Attorney. 
 5.9.1. No member of the Seller Group has employed or engaged any broker, financial advisor, finder or similar intermediary and no member of the Seller Group has incurred or will incur any broker’s,
finder’s or similar fees, commissions or expenses in connection with sale of the Purchased Assets contemplated by this Agreement. 

  
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 5.9.2. No member of the Seller Group has granted any power of attorney to any Person for
any purpose whatsoever with respect to the Business or the Purchased Assets. 
 5.10. Full Disclosure. No
representation or warranty by any member of the Seller Group in this Agreement or any Transaction Document or in any of the schedules or exhibits attached hereto or thereto contains any untrue statement of a material fact or omits to state any fact
necessary to make any statement herein or therein not materially misleading. 
 6. CERTAIN COVENANTS OF THE
PARTIES. 
 6.1. Publicity. Other than with respect to any filings or disclosures required to be made by
Parent under the Exchange Act, (i) no publicity release or announcement concerning this Agreement or the transactions contemplated hereby will be made without written advance approval thereof by each of Buyer and Seller, (ii) Buyer and
Seller will cooperate in issuing any press release or other public announcement concerning this Agreement or the transactions contemplated hereby, and (iii) Buyer and Seller shall furnish to the other drafts of all press releases or
announcements prior to their release. 
 6.2. Restrictive Covenants.  

6.2.1. Each of Seller and Principal covenants and agrees that during the period commencing on the Closing Date and ending on the later of
(i) two years following the Closing Date and (ii) one year following the Termination Date (as defined in the Principal Employment Agreement) (the “Restricted Period”), neither Seller nor Principal will, directly or
indirectly, own, manage, operate, control, render service to, or participate in the ownership, management, operation or control of any Competitor anywhere in the United States of America; provided, however, that
(i) Principal shall be entitled to own shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or on the Nasdaq Stock Market which represent, in the aggregate, not more than 1% of
such corporation’s fully-diluted shares, and (ii) the foregoing noncompetition covenant shall not impair or limit in any way (A) Principal’s right to receive any commissions or overrides arising under Contracts in

  
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effect prior to the Closing Date between Principal or his Affiliate, La Bella LLC, and any third party relating to insurance or related business written by Down Line Agents or
(b) Executive’s ownership interest in Insurance Center for Excellence, LLC or otherwise limit in any way Executive’s right to receive any profits, distributions, or other payments as a result of or incident to such ownership interest.

 6.2.2. Each of Seller and Principal covenants and agrees that during the Restricted Period, neither Seller nor Principal
will, and cause their respective Affiliates not to, directly or indirectly, employ or solicit, or receive or accept the performance of services by any then current officer, manager, employee or independent contractor of Buyer or any subsidiary or
Affiliate of Buyer, or in any way interfere with the relationship between Buyer or any subsidiary or Affiliate of Buyer, on the one hand, and any such officer, manager, employee or independent contractor, on the other hand. 

6.2.3. Each of Seller and Principal covenants and agrees that during the Restricted Period, neither Seller nor Principal will, and cause
their respective Affiliates not to, directly or indirectly, knowingly induce, or attempt to induce, any customer, salesperson, distributor, supplier, vendor, manufacturer, representative, agent, jobber, licensee or other Person known by Executive to
be transacting business with Buyer or any subsidiary or Affiliate of Buyer (collectively the “Customers” and “Vendors”) to reduce or cease doing business with Buyer or any such subsidiary or Affiliate of Buyer, or
in any way to interfere with the relationship between any such Customer or Vendor, on the one hand, and Buyer or any subsidiary or Affiliate of Buyer, on the other hand. 
 6.2.4. Each of Seller and Principal agrees to not, and to cause their respective Affiliates not to, make any statements, written or oral, which would be reasonably likely to disparage or damage Buyer, its
subsidiaries or Affiliates or the personal or professional reputation of any present or former employees, officers or members of the managing or directorial boards or committees of Buyer or its subsidiaries or Affiliates. 

6.2.5. Each of Seller and Principal acknowledges that monetary damages will not be an adequate remedy for Buyer in the event of a breach
of this Section 6.2 and that it would be impossible for Buyer to measure damages in the event of such a breach. Therefore, 

  
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each of Seller and Principal agrees that, in addition to other rights that Buyer may have at Law or equity, Buyer is entitled, without posting bond, to an injunction preventing Seller or
Principal from any breach of this Section 6.2. In the event of a breach or violation by Seller or Principal during the Restricted Period of any restriction set forth in this Section 6.2, the Restricted Period
shall be tolled until such breach or violation has been cured. 
 6.2.6. The parties intend to provide the maximum protection
possible with respect to Buyer, its subsidiaries and Affiliates, and its Customers and Vendors. The parties, however, do not intend to include a provision that contravenes the public policy of any state. Therefore, if any provision of this
Section 6.2 is unlawful, against public policy or otherwise declared void, such provision shall not be deemed part of this Section 6.2, which otherwise shall remain in full force and effect. If, at the time of
enforcement of this Section 6.2, a court or other tribunal holds that the duration, scope or area restriction provided in this Section 6.2 is unreasonable under the circumstances then existing, the parties agree
that the court shall have the power to enforce the restrictions to the extent it deems reasonable. 
 6.3. Bulk
Sales. Seller shall comply with any and all requirements and provisions of any “bulk-transfer” or similar Laws in each applicable jurisdiction that may apply with respect to the sale of any or all of the Purchased Assets to Buyer.

 7. INDEMNIFICATION. 
 7.1. Indemnification by Buyer. Buyer shall indemnify, defend and hold Seller and Principal and each of Seller’s and Principal’s officers, directors, employees, representatives and
Affiliates harmless from and against, and shall reimburse Seller and Principal on demand on account of, any and all Adverse Consequences which may be asserted against, imposed on or incurred by any of them as a result of or arising out of or in any
manner relating or attributable to (i) any inaccuracy or breach of any representation or warranty made by Buyer in this Agreement (in each case without regard to any qualifications as to materiality set forth therein), (ii) any breach or
non-fulfillment by Buyer of any covenants or obligations contained in this Agreement, or (iii) Buyer’s ownership and operation of the Purchased Assets after the Closing Date. 

  
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 7.2. Indemnification by the Seller Group. Each of Seller and Principal,
jointly and severally, shall indemnify, defend and hold Buyer, its Affiliates, and their respective officers, directors, members, managers, employees, representatives, successors and assigns harmless from and against, and shall reimburse Buyer on
demand on account of, any and all Adverse Consequences which may be asserted against, imposed on or incurred by any of them as a result of or arising out of or in any manner relating or attributable to (i) any inaccuracy or breach of any
representation or warranty made by Seller or Principal in this Agreement (in each case without regard to any qualifications as to materiality set forth therein), (ii) any breach or non-fulfillment by Seller or Principal of any of covenants or
obligations contained in this Agreement, or (iii) any and all Retained Liabilities. 
 7.3. Indemnification
Procedures. Any Persons entitled to indemnification under this Agreement (the “Indemnified Parties”) receiving notice of a claim from a third party (a “Third-Party Claim”) will promptly give notice of the
claim to the party under this Agreement required to provide indemnification (the “Indemnifying Party”); provided, however, that the failure to give such notice will not relieve or otherwise affect the Indemnifying
Party’s obligations under this Article 7 with respect to such claim, except to the extent that the failure to give notice actually materially prejudices or otherwise impairs the Indemnifying Party’s ability to defend
against or contest the claim. 
 7.3.1. The Indemnifying Party will be entitled at its own cost and expense to contest and
defend any Third-Party Claim unless such Third-Party Claim is reasonably likely to materially and adversely affect the Indemnified Party other than as a result of monetary damages; provided, that the Indemnifying Party will notify the
Indemnified Parties within a reasonable period of time, not to exceed twenty (20) days after receipt of notice of the Third-Party Claim, that the Indemnifying Party intends to so contest or defend; and provided, further, that all
Adverse Consequences incurred by the Indemnified Party prior to any assumption by the Indemnifying Party of the defense or contest of a Third-Party Claim shall be reimbursed by the Indemnifying Party to the extent indemnifiable hereunder. The
contest or defense will be conducted by counsel selected by the Indemnifying Party and reasonably acceptable to the Indemnified Parties. Any of the Indemnified Parties will have the right to participate in any Proceedings relating to such
Third-Party Claim, including the right to employ counsel separate 

  
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from the counsel employed by the Indemnifying Party (subject to the Indemnifying Party’s right to control the defense) at its own cost and expense, unless (i) the Indemnifying Party and
the Indemnified Party are both named parties to the Third-Party Claim and a Governmental or Regulatory Authority with jurisdiction over such claim shall have determined that representation of both parties by the same counsel would be inappropriate
due to actual or potential differing interests between them or the availability to the Indemnified Party of one or more defenses or counterclaims that are inconsistent with one or more of those that may be available to the Indemnifying Party in
respect thereof, or (ii) the Indemnified Party assumes the defense of a Third Party Claim after the Indemnifying Party has failed to diligently pursue a Third Party Claim it has assumed in accordance with this Section 7.3.1,
in which each case all such costs or expenses incurred by the Indemnified Party in connection with such participation, including without limitation the fees of separate counsel incurred by the Indemnified Party with respect to such Third-Party
Claim, shall be borne by the Indemnifying Party. The Indemnifying Party will otherwise be responsible for the costs and expenses of the defense, including payment of any judgment, award or settlement amount for which the Indemnifying Party is liable
under this Article 7. 
 7.3.2. If (i) the Indemnifying Party does not elect within the 20-day period
to contest any Third-Party Claim, (ii) the Indemnifying Party is not entitled to defend the Third Party Claim under Section 7.3.1, or (iii) after assuming the defense of a Third-Party Claim, the Indemnifying Party fails
to conduct the defense of such Third-Party Claim in a reasonably diligent manner within 20 days after receiving written notice from the Indemnified Party to the effect that the Indemnifying Party has so failed, the Indemnified Parties will be
entitled to defend and otherwise handle the claim, but shall not thereby waive any right to indemnification therefor or be adversely affected with respect to its rights to indemnification for such claim. 

7.3.3. The party conducting the defense or contest of any Third-Party Claim hereunder shall keep the non-controlling party(ies)
reasonably advised of the status of such claim and the defense thereof and shall consider in good faith recommendations made by such non-controlling party(ies) with respect thereto. 

  
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 7.3.4. Notwithstanding anything to the contrary contained in this
Article 7, the Indemnifying Party will not have the right to settle or compromise any Third-Party Claim without the Indemnified Party’s consent, which may be given or withheld in its sole discretion; provided,
however, that the Indemnified Party’s consent shall not be unreasonably withheld or delayed if the settlement or compromise includes as an unconditional term thereof the giving by all claimants or plaintiffs to the Indemnified Party of a
release from all liability in respect of the claim and if no injunctive or other equitable relief would be imposed against the Indemnified Party pursuant to or as a result of such settlement. 

7.4. Survival. All covenants and obligations on the part of each member of the Seller Group and Buyer in this Agreement, or
in any document delivered pursuant to this Agreement at Closing or otherwise, will survive the Closing in accordance with their terms. Notwithstanding any investigation by or on behalf of Buyer or any member of the Seller Group, all representations
and warranties of Buyer, Seller and Principal in this Agreement, or in any documents delivered pursuant to this Agreement at Closing or otherwise, will survive the Closing for a period of two (2) years, provided, however, that the
representations and warranties in Sections 4.1, 4.2, 5.1, 5.2 and 5.7 and any claims based upon any fraud shall survive indefinitely. Notwithstanding anything to the contrary contained in this Agreement, any representation or
warranty on the part of any member of the Seller Group and Buyer in this Agreement will survive indefinitely to the extent a claim with respect thereto has been submitted in writing prior to the applicable survival expiration date. 

7.5. Purchase Price Adjustment. All indemnification payments made pursuant to this Agreement shall be treated as
adjustments to the Purchase Price. 
 7.6. Limitations. Notwithstanding anything herein to the contrary, as to
matters which are subject to indemnification pursuant to this Article 7, (i) Seller and Principal shall not be liable unless and until the aggregate Adverse Consequences to the Indemnified Parties resulting from indemnifiable
matters hereunder shall exceed a cumulative aggregate amount equal to Thirty Thousand Dollars ($30,000) (the “Indemnification Threshold”), in which case Seller and Principal shall be responsible and shall indemnify the Indemnified
Parties for all Adverse Consequences from the first dollar thereof, and (ii) the aggregate amount of all 

  
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payments that shall be payable by Seller and Principal as a result of any claims for indemnification made hereunder shall be limited in the aggregate to an amount equal to the Purchase Price;
provided, however, that the foregoing limitations shall not apply to any Adverse Consequences attributable to any Retained Liabilities, fraud, or to Seller’s or Principal’s breach of or noncompliance with the covenants set
forth in Sections 6.2 and/or 6.3. 
 7.7. Benefit of the Bargain. An Indemnified Party’s right
to indemnification hereunder or other remedies based on any representation, warranty, covenant or liability of another Person contained in or made pursuant to this Agreement shall not be affected by any investigation conducted by such Indemnified
Party or any of its representatives or Affiliates or any knowledge acquired (or capable of being acquired) by any such Indemnified Party or its representatives or Affiliates, in each case, at any time, whether before or after the execution and
delivery of this Agreement or the Closing. 
 8. MISCELLANEOUS. 

8.1. Notices. All notices, consents, waivers and other communications required or permitted under this Agreement shall be
sufficiently given for all purposes hereunder if in writing and (i) hand delivered, (ii) sent by certified or registered mail, return receipt requested and proper postage prepaid, (iii) sent by a nationally recognized overnight
courier service, or (iv) sent by facsimile, in each case to the address or facsimile number and to the attention of the person (by name or title) set forth below: 
  

			
	 If to Seller or Principal:
  

Ivan Spinner
 TSG Agency, LLC

4397 Creote Rd.
 Gulfport, MS 39503

Facsimile: 954-333-1985
	 	 With a copy to:
  

P. Pete Zografakis
 Spruce Law Group

1177 Spruce Street
 Philadelphia, PA
19103
 Facsimile: 267-507-1766

  

			
	 If to Buyer:
  

Michael W. Kosloske
 Health Plan Intermediaries
Holdings, LLC
 15437 N. Florida Avenue

Suite 201
 Tampa, FL 33613

Facsimile: 877-376-5832
	 	 With a copy to:
  

Michael A. Petrizzo, Jr.
 Stevens &
Lee
 620 Freedom Business Center Dr.

Suite 200
 King of Prussia, PA 19016

Facsimile: 610-988-0839

  
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 Any party may change the address to which notices, requests, demands, claims, and other communications
hereunder are to be delivered by giving the other parties notice in the manner herein set forth. 
 8.2. Entire
Agreement. This Agreement, together with the attached exhibits and schedules and the Transaction Documents, constitutes the entire agreement and understanding between the parties hereto and supersedes all prior agreements, understandings,
negotiations and discussions, both written and oral, between and among the parties hereto with respect to the subject matter hereof. This Agreement may not be amended, modified or supplemented except in a writing signed by all of the parties hereto.

 8.3. Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto,
their respective heirs, executors, legal representatives, successors and permitted assigns. No party to this Agreement may assign or delegate any of its rights, duties or obligations under this Agreement to any Person without prior written consent
of the other parties hereto; provided that Buyer shall have a right to assign and delegate any of its rights and obligations to any one or more of its Affiliates, without any such consent. Any attempted assignment or delegation in violation
of the foregoing sentence shall be void and of no effect. 
 8.4. Waiver. Buyer, by an instrument duly executed by
its authorized representative in writing, may extend the time for or waive the performance of any of the obligations of Seller or waive compliance by Seller with any of the covenants or conditions contained herein. Seller, by an instrument in
writing, may extend the time for or waive the performance of any of the obligations of Buyer or waive compliance by Buyer with any of the covenants or conditions contained herein. No waiver of any of the provisions of this Agreement shall be deemed
or shall constitute a waiver of any of the other provisions hereof (whether or not similar), nor shall any such waiver constitute a continuing waiver unless otherwise expressly so provided. 

  
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 8.5. No Third Party Beneficiary. Except as provided in Article 7
with respect to Indemnified Parties and Section 6.2 with respect to Buyer’s subsidiaries and Affiliates, nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any Person
other than the parties hereto and their respective successors and permitted assigns any rights or benefits under or by reason of this Agreement. 
 8.6. Severability. It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the Laws and public policies
applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement (including the Restricted Period or the Restricted Area) shall be adjudicated by a court of competent jurisdiction to be invalid,
prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of this Agreement or affecting the
validity or enforceability of such provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction 

8.7. Counterparts, etc. This Agreement may be executed in one or more counterparts, which, taken together, shall represent
a fully executed Agreement. This Agreement, to the extent signed and delivered by means of a facsimile machine or by other electronic transmission of a manual signature (by portable document format (pdf) or other method that enables the recipient to
produce a copy of the manual signature), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same effect as if it were the original signed version thereof delivered in person.

 8.8. Further Assurances. Seller, Principal and Buyer agree, upon request and for no additional consideration,
to execute and deliver any documents and to take all further actions which may be reasonably requested by the other party in order to effectuate the purposes and intent of this Agreement and the transfer of the Purchased Assets to Buyer hereunder.

  
 16 

 8.9. Remedies Cumulative. Except as otherwise expressly provided herein, no
remedy made available by any of the provisions of this Agreement is intended to be exclusive of any other remedy, and each and every remedy shall be cumulative and shall be in addition to every other remedy available hereunder under applicable Law.

 8.10. Governing Law; Jurisdiction.  
 8.10.1. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER
OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED. 
 8.10.2. Any Proceeding arising out of or relating to this Agreement or any Transaction Document or any of the transactions contemplated hereby or thereby shall be brought exclusively in the state or
federal courts located in Wilmington, Delaware. Each of the parties irrevocably submits to the exclusive jurisdiction of such courts in any such Proceeding, and waives any objection it or he may now or hereafter have to venue or to convenience of
forum. 
 8.11. Waiver of Right to Trial by Jury. Each party to this Agreement waives any right to trial by jury
in any action, matter or Proceeding regarding this Agreement or any Transaction Document or any of the transactions contemplated hereby or thereby. 
 8.12. Payment of Sales, Use or Similar Taxes. Seller shall be responsible for (and shall indemnify and hold Buyer harmless against) one hundred percent (100%) of any sales Taxes
incident to the sale and transfer of the Purchased Assets and for all other applicable sales, use, stamp, documentary, filing, recording, transfer or similar fees or Taxes or governmental charges (including UCC-3 filing fees, if any) in connection
with the sale of the Purchased Assets contemplated by this Agreement. 

  
 17 

 [SIGNATURE PAGE FOLLOWS] 

  
 18 

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

			
	BUYER:
	
	 HEALTH PLAN INTERMEDIARIES
 HOLDINGS, LLC

		
	By:	 	 /s/ Michael Kosloske

	Name:	 	Michael Kosloske
	Title:	 	President and Chief Executive Officer
	
	SELLER:
	
	TSG AGENCY, LLC
		
	By:	 	 /s/ Ivan M. Spinner

	Name:	 	Ivan Spinner
	Title:	 	Managing Member
	
	PRINCIPAL:
		
	By:	 	 /s/ Ivan M. Spinner

	Name:	 	Ivan Spinner

 (Signature Page to Asset Purchase Agreement) 

 EXHIBIT A 

DEFINITIONS 
 “Adverse Consequences” means all claims, charges, penalties, judgments, fines, amounts paid in settlement, assessments, remediation, liabilities, obligations, losses, damages,
deficiencies, diminutions in value, Taxes, fees, costs and expenses, including all reasonable attorneys’ fees and court costs and the reasonable costs incurred by any Person to enforce another Person’s indemnification obligations under
this Agreement. 
 “Affiliate” means, with respect to a particular Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such particular Person. For purposes of this definition, the terms “control,” “controlled by” and “under common
control” as used with respect to any Person shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by
contract, or otherwise. 
 “Agreement” means this Asset Purchase Agreement, as the same may be amended,
supplemented or otherwise modified from time to time. 
 “Assumed Contracts” means those Contracts specifically
identified on Schedule 6(a). 
 “Bill of Sale” is defined in Section 3.2.1.

 “Business” means the insurance agency business of Seller as conducted on the date hereof. 

“Buyer” has the meaning set forth in the preamble to this Agreement. 

“Buyer Business” means (i) developing and administering web-based individual health insurance plans and ancillary
health insurance products, (ii) designing and structuring data-driven individual health insurance plans and ancillary health insurance products, (iii) marketing such individual health insurance plans and ancillary health insurance
products, (iv) managing relations with insureds, and (v) any other business or commercial activity, in each case as 

  
 A-1

 
conducted by Parent or any subsidiary or Affiliate of Parent (including Buyer). For purposes of clarity, the term “Buyer Business” shall include the business related in any way
to the Purchased Assets being purchased by Buyer under this Agreement. 
 “Client Information” means all
list(s) or Records of clients or customers or accounts, together with all files, computer records and client, customer and account records (whether in written format, digital format or any other media) used or held by, for or in connection with the
Business or the Purchased Assets. For purposes of this definition, the terms “client” or “customer” or “account”, mean as to any Person at any time, any other Person listed or otherwise identified
on or in the books or records of such Person (whether in written format, digital format or any other media) at such time as a client, customer, account or other Person from whom such Person directly or indirectly (i) derived or received any
revenue or other income, (ii) may prospectively derive or receive any revenue or other income or (iii) derived or received revenue or other income during the twenty-four (24) month period prior to such time. 

“Closing” is defined in Section 3.1. 

“Closing Date” is defined in Section 3.1. 

“Contract” means any agreement, contract, lease, consensual obligation, promise or undertaking (whether written or oral
and whether express or implied). 
 “Competitor” means any Person that directly or indirectly is engaged in, or
plans to be engaged in, any activity that is or could reasonably be considered to be competitive with the Buyer Business. 

“Customers” is defined in Section 6.2.3. 

“Down Line Agents” means those entities and individuals set forth on Schedule
6(b). 
 “Exchange Act” is defined in Section 4.4. 

“Excluded Assets” is defined in Section 2.4. 

  
 A-2

 “Governmental or Regulatory Authority” means any court, tribunal,
arbitrator, authority, agency, commission, official or other instrumentality of the United States, any foreign country or any domestic or foreign state, province, county, city or other political subdivision. 

“Indemnified Parties” is defined in Section 7.3. 

“Indemnifying Party” is defined in Section 7.3. 

“Indemnification Threshold” is defined in Section 7.6. 

“Knowledge of Seller” means the actual knowledge of the Principal and the knowledge that Principal could be expected to
discover after reasonable investigation concerning the fact or matter in question. 
 “Law” means any law,
statute, rule, regulation, ordinance or other pronouncement having the effect of law, in each case, of any Governmental or Regulatory Authority. 
 “Liabilities” means, collectively, any and all liabilities or obligations (as such terms may be most broadly interpreted under applicable Law) of any kind (whether express or implied,
secured or unsecured, fixed or unfixed, known or unknown, choate or inchoate, perfected or unperfected, liquidated or unliquidated, due or to become due, accrued or unaccrued, contingent or non-contingent, or otherwise), whether or not relating to
the Purchased Assets, the Business or otherwise. 
 “Liens” means any mortgage, pledge, assessment, security
interest, lease, lien, right of possession in favor of any third party, claim, levy, charge, equitable interest, option, right of way, easement, encroachment, right of first option, right of first refusal or similar restriction or other encumbrance
of any kind, or any conditional sale agreement, factor’s lien agreement or any other right of any third party of any kind. 

“Orders” means any writ, judgment, decree, injunction, or similar order of any Governmental or Regulatory Authority (in
each such case whether preliminary, final or otherwise). 

  
 A-3

 “Permits” means all licenses, permits, certificates, orders, approvals,
registrations, certifications and authorizations with all Governmental and Regulatory Authorities required in connection with the ownership and use of the Purchased Assets or the operation of the Business. 

“Person” means any natural person, corporation, unincorporated organization, partnership (general, limited or
otherwise), limited liability company, association, joint-stock company, joint venture, trust, governmental body or agency or other entity having legal status of any kind. 
 “Principal” has the meaning set forth in the preamble to this Agreement. 
 “Principal Employment Agreement” is defined in Section 3.2.2. 
 “Proceedings” means all litigation, complaints, actions, suits, proceedings, hearings, investigations, grievances, arbitrations or other legal, administrative or governmental proceedings
or enforcement actions. 
 “Purchase Price” is defined in Section 2.3.1. 

“Purchased Assets” means Seller’s entire right, title and interest in, to and under (i) all Assumed Contracts
(provided, that any unpaid amounts due and owing as of the Closing Date under the Assumed Contracts for pre-Closing periods (but not for any post-Closing new or renewal business) shall continue to be payable to Seller following the Closing
pursuant to the terms and conditions of the applicable Assumed Contract), (ii) all Client Information and all other data and Records related to the Purchased Assets or the Business as it relates to the Assumed Contracts, (iii) all rights
of Seller under non-disclosure or confidentiality, non-compete, or non-solicitation agreements with employees and agents of Seller or with third parties to the extent relating to the Assumed Contracts or the Business attributable thereto (or any
portion thereof), and (iv) all rights (including renewal rights), warranties, guaranties, privileges, claims, and causes of action associated with any of the assets described in the immediately preceding clauses (i) through
(iii) inclusive, but does not include the Excluded Assets or any Retained Liabilities. 

  
 A-4

 “Records” means all information that is inscribed on a tangible medium or
that is stored in an electronic or other medium. 
 “Restricted Period” is defined in
Section 6.2.1. 
 “Retained Liabilities” is defined in Section 2.2.

 “Seller” has the meaning set forth in the preamble to this Agreement. 

“Seller Group” has the meaning set forth in the preamble to this Agreement. 

“Tax Authority” means any state or local government, or agency, instrumentality or employee thereof, charged with the
administration of any law or regulation relating to Taxes. 
 “Tax Return” means all returns, declarations,
reports, estimates, information returns and statements required to be filed in respect of any Taxes. 
 “Taxes”
means (i) all federal, state, local or foreign taxes, charges, or other assessments, including all net income, gross receipts, capital, sales, use, motor fuel, ad valorem, value added, transfer, franchise, profits, inventory, capital stock,
license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp, occupation, property and estimated taxes and (ii) all interest, penalties, fines, additions to tax or additional amounts imposed by any Tax
Authority in connection with any item described in clause (i). 
 “Third-Party Claim” is defined in
Section 7.3. 
 “Transaction Documents” means this Agreement, the Bill of Sale, the
Principal Employment Agreement, and the other instruments and documents delivered at the Closing in connection with the transactions contemplated under this Agreement. 
 “Vendors” is defined in Section 6.2.3. 

  
 A-5Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this
“Agreement”) is dated as of March 14, 2013, by and between Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (the “Company”), and Ivan M. Spinner (“Executive”).

 Recitals 
 A. The parties are entering into this Agreement in connection with the acquisition by the Company of certain assets of TSG Agency, LLC (“TSG”), and Executive desires to be hired by the
Company, upon the terms and conditions set forth herein, to become effective as of the date of this Agreement; and 
 B. The
Company and Executive agree to protect the interests of the Company and Company’s customers and Confidential Information (as defined below) that may have been or that may be disclosed to Executive as set forth herein. 

Agreement 

NOW, THEREFORE, in consideration of the mutual promises made herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 
 Section 1.
Employment, Duties and Acceptance. 
 (a) The Company shall employ Executive during the Term (as defined below) as
National Sales Director. Executive shall have such authority and such responsibilities as are assigned or delegated to him from time to time by the Chief Sales Officer of the Company. 

(b) Executive hereby accepts such employment and agrees to render Executive’s services to the Company on a full-time basis and to
devote Executive’s full business time and attention to the business and affairs of the Company and any parent, subsidiary or other affiliate of the Company. Executive agrees that at all times during the term hereof, Executive will faithfully
perform the duties assigned by the Company to the best of Executive’s ability. Executive shall report directly to the Company’s Chief Sales Officer. 

  
 1 

 (c) The duties to be performed by Executive hereunder shall be performed at Executive’s
office in Gulfport, MS. Executive, however, shall travel as his duties require and visit the Company’s principal offices in Tampa, Florida as requested by the Company. Executive shall be entitled to an annual vacation of 15 days in
accordance with the Company’s policies and practices; provided that Executive shall schedule the timing and duration of Executive’s vacations in a reasonable manner taking into account the needs of the business of the Company.

 (d) Executive acknowledges that from time to time the Company may promulgate workplace policies and rules. Executive agrees
to fully comply with all such policies and rules, and understands that failure to do so may result in a disciplinary action up to and including immediate discharge for Cause. 
 Section 2. Term. As used herein, the “Term” means the period commencing as of the date hereof (the “Effective Date”), and ending on March 14, 2014. The
Term shall be automatically extended for successive one-year periods unless Executive or the Company gives written notice of termination on or before the 30th day prior to the expiration of any Term of its desire not to renew the Term. Any such
renewal shall be upon the terms and conditions set forth herein unless otherwise agreed between the Company and Executive. In the event that the Company gives written notice that it does not intend to renew the Term, following the end of the Term,
the Company shall pay to Executive an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate then in effect) payable monthly in accordance with the Company’s existing payroll practices for the period commencing on
the Termination Date and ending 12 months after the Termination Date. As a condition to the Company’s obligations, if any, to make severance payments under this Section 2, Executive shall have executed, delivered and not revoked a
general release in the form attached hereto as Exhibit A. 
 Section 3. Compensation. Executive shall be
entitled to the following compensation: 
 (a) The Company agrees to pay to Executive a salary in cash (the
“Salary”), as compensation for the services to be performed by Executive, at the rate of $100,000 per calendar year, paid in accordance with the Company’s customary payroll procedures and subject to applicable withholding.
During the Term, the Board shall have the right to increase, but not decrease, the Salary. Executive’s salary as in effect from time to time shall constitute the “Salary” for purposes of this Agreement. 

  
 2 

 (b) Effective as soon as practicable on or after the Effective Date, Health Insurance
Innovations, Inc. (“HII”) shall grant a Restricted Stock Award of 50,000 shares of HII common stock pursuant to the terms of the Health Insurance Innovations, Inc. Long Term Incentive Plan (the “LTI
Plan”). Subject to the terms of the LTI Plan and the applicable Restricted Stock Award Agreement, such Restricted Stock Award shall vest over 24 months in 25% increments every six months. In the event of the Executive’s
termination of employment at any time (either prior to, coincident with or after a Change in Control as defined in the LTI Plan) due to the Executive’s death or Disability (as defined in the LTI Plan), by the Company without Cause pursuant to
Section 4(a)(iv) or by the Executive for Good Reason pursuant to Section 4(a)(vi), the unvested portion of the Restricted Stock Award shall fully vest and become non-forfeitable on the date of any such termination of employment. In the
event of the Executive’s termination of employment at any time under circumstances not described in the preceding sentence, the unvested portion of the Restricted Stock Award shall be forfeited in its entirety without any payment to the
Executive. 
 (c) The Company shall reimburse Executive for all reasonable expenses incurred by Executive in the course of
performing Executive’s duties under this Agreement that are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements
with respect to reporting and documentation of such expenses. 
 (d) Executive shall be eligible for an annual bonus and long
term incentive awards as determined at the sole discretion of the Company’s board of directors (the “Board”) from time to time. 
 (e) Executive shall be entitled to all rights and benefits for which Executive shall be eligible under any retirement, retirement savings, profit-sharing, pension or welfare benefit plan, life,
disability, health, dental, hospitalization and other forms of insurance and all other so-called “fringe” benefits or perquisites (except for with respect to any plan that provides severance or other similar benefits), on the same terms
that the Company provides to other 

  
 3 

 
similarly situated senior Company executives (subject to all restrictions on participation that may apply under federal and state tax laws); provided, however, that Executive shall
not be eligible to participate in any bonus, equity incentive plan, stock option plans, or incentive compensation plan, agreement or arrangement that relates to or is approved or adopted in connection with the Company’s recently completed
initial public offering. 
 Section 4. Termination. 

(a) Events of Termination. Executive’s employment with the Company shall terminate (the date of such termination being the
“Termination Date”) immediately upon any of the following: 
 (i) Executive’s death (“Termination
Upon Death”); 
 (ii) the effective date of a written notice sent to Executive stating the Company’s
determination, made in good faith, that due to a mental or physical condition, Executive has been unable and failed to substantially render the services to be provided by Executive to the Company for a period of at least 180 days out of any
consecutive 360 days (“Termination For Disability”); 
 (iii) the effective date of a written notice sent
to Executive stating the Company’s determination, made in good faith, that it is terminating Executive’s employment for Cause (as defined below) (“Termination For Cause”); 

(iv) the effective date of a notice sent to Executive stating that the Company is terminating Executive’s employment without Cause,
which notice can be given by the Company at any time after the Effective Date at the Company’s sole discretion, for any reason or for no reason (“Termination Without Cause”); 

(v) the effective date of a notice (other than a notice delivered pursuant to Section 4(a)(vi) of this Agreement) sent to the
Company from Executive stating that Executive is electing to terminate Executive’s employment with the Company without Good Reason (“Resignation Without Good Reason”); or 

  
 4 

 (vi) the effective date of a written notice to Company stating Executive’s
determination, made in good faith, that a Good Reason Event (as defined below) has occurred within 30 days preceding such notice and as a consequence Executive is electing to terminate Executive’s employment hereunder for Good Reason
(“Resignation For Good Reason”); provided, however, that Executive will give the Company 30 days to cure such Good Reason Event, and if the Company fails to cure such Good Reason Event within 30 days after
Executive gives written notice of resignation hereunder, then Executive may immediately terminate Executive’s employment with the Company, and such termination will be a Resignation For Good Reason hereunder; provided, further,
that Executive’s termination shall be deemed a Termination For Cause if the Company has delivered to Executive written notice of any act or omission that, if not cured, would constitute Cause at any time preceding the notice provided by
Executive hereunder. 
 As used herein, the term “Cause” shall mean (i) commission of a willful act of
dishonesty in the course of Executive’s duties hereunder, (ii) conviction by a court of competent jurisdiction of, or plea of no contest to, a crime constituting a felony or conviction in respect of, or plea of no contest to, any act
involving fraud, dishonesty or moral turpitude, (iii) Executive’s performance under the influence of controlled substances (other than those taken pursuant to a medical doctor’s orders), or continued habitual intoxication, during
working hours, (iv) frequent or extended, and unjustifiable, absenteeism, (v) Executive’s personal misconduct or refusal to perform duties and responsibilities or to carry out directives of the Company, which, if capable of being
cured shall not have been cured, within 30 days after the Company shall have advised Executive in writing of its intention to terminate Executive’s employment, or (vi) Executive’s material non-compliance with the terms of this
Agreement, which, if capable of being cured shall not have been cured within 30 days after the Company shall have advised Executive in writing of its intention to terminate Executive’s employment. 

As used herein, the term “Good Reason Event” shall mean (i) a material adverse change in the responsibilities or
duties of Executive as set forth in this Agreement without Executive’s prior consent at a time when there are no circumstances pending that would permit the Board to terminate Executive for Cause, (ii) any reduction in the Salary or a
material reduction in Executive’s benefits (other than (x) a reduction in Salary that is the result of an administrative or 

  
 5 

 
clerical error, and which is cured within 15 business days after the Company receives notice of such failure or (y) a reduction in Salary or benefits that are generally applicable to
all members of the Company’s senior management) or (iii) a material breach by the Company of this Agreement that is not cured within 30 days following the Company’s receipt of written notice of such breach from Executive.

 (b) Effect of Termination. 
 (i) Death or Disability. In the event of Termination Upon Death or Termination For Disability pursuant to Sections 4(a)(i) and 4(a)(ii) of this Agreement, Executive (or Executive’s legal
representative) shall be entitled to receive in cash the following: 
 (A) an amount equal to any earned but unpaid Salary
owing by the Company to Executive as of the Termination Date (the “Accrued Salary”), and 
 (B) to the extent
set forth in any written management bonus plan, an amount equal to the pro rata portion, determined as of the Termination Date, of any bonus to which Executive would have been entitled had Executive been employed by the Company at the time such
bonus would have otherwise been paid (the “Accrued Bonus”). 
 Nothing contained herein shall be deemed to
limit or abrogate any insurance or other similar benefits available to Executive. 
 (ii) Termination For Cause. In the
event of a Termination For Cause pursuant to Section 4(a)(iii) of this Agreement, Executive shall be entitled to receive in cash an amount equal to any Accrued Salary. 
 (iii) Termination Without Cause and Resignation For Good Reason. In the event of Termination Without Cause or Resignation For Good Reason pursuant to Sections 4(a)(iv) and 4(a)(vi) of this
Agreement, Executive shall be entitled to receive in cash, subject to Section 4(c)(ii) of this Agreement: 
 (A) an amount
equal to any Accrued Salary; 
 (B) an amount equal to any Accrued Bonus; and 

  
 6 

 (C) an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate
then in effect) payable monthly for the period commencing on the Termination Date and ending 12 months after the Termination Date. 
 (iv) Resignation Without Good Reason. In the event of Resignation Without Good Reason pursuant to Section 4(a)(v) of this Agreement, Executive shall be entitled to receive in cash an amount
equal to any Accrued Salary. 
 (v) Upon Termination For Any Reason. In the event of any termination, Executive shall be
entitled to receive: 
 (A) any unpaid reasonable, reimbursable business expenses incurred by Executive in the course of
performing Executive’s duties under this Agreement that were incurred in a manner consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the
Company’s requirements with respect to incurring, reporting and documenting such expenses; and 
 (B) benefits under the
Company’s benefit plans of general application as shall be determined under the provisions of those plans. 
 (c)
Additional Provisions. 
 (i) Any amounts to be paid pursuant to this Section 4 shall be paid in accordance with the
Company’s existing payroll or bonus payment practices, as applicable. 
 (ii) As a condition to the Company’s
obligations, if any, to make any Accrued Bonus and severance payments provided under this Section 4, Executive shall have executed, delivered and not revoked a general release in the form attached hereto as Exhibit A. 

(iii) Notwithstanding any provision of this Agreement, the obligations and commitments under Section 5 of this Agreement shall
survive and continue in full force and effect in accordance with their terms notwithstanding any termination of Executive’s employment for any reason or termination of this Agreement for any reason. 

  
 7 

 (iv) Notwithstanding anything in this Agreement to the contrary, the Company shall have no
obligation to pay any amounts payable under Sections 4(b)(i)(B), 4(b)(iii)(B) or 4(b)(iii)(C) of this Agreement during such times as Executive is in breach of Section 5 of this Agreement, after the Company provides Executive with notice of
such breach. 
 Section 5. Noncompetition, Nonsolicitation And Confidentiality. 

(a) Definitions. 
 “Company’s Business” means (i) developing and administering web-based individual health insurance plans and ancillary health insurance products, (ii) designing and
structuring data-driven individual health insurance plans and ancillary health insurance products, (iii) marketing such individual health insurance plans and ancillary health insurance products, (iv) managing relations with insureds, and
(v) any other insurance or discount benefits business or commercial activity, in each case as conducted by the Company or any parent, subsidiary or other affiliate of the Company. 

“Competitor” means any company, other entity or association or individual that directly or indirectly is engaged in the
Company’s Business. 
 “Confidential Information” means any confidential information with respect to the
Company’s Business and/or the businesses of its clients or customers, including, but not limited to: the trade secrets of the Company; products or services; standard proposals; standard submissions, surveys and analyses; Commercial Lines
Quality Assurance Manual; Claims Services Department Procedures and Quality Assurance Manual; Surety Quality Assurance Manual; policy forms; fees, costs and pricing structures; marketing information; advertising and pricing strategies; analyses;
reports; computer software, including operating systems, applications and program listings; flow charts; manuals and documentation; data bases; all copyrightable works; the Company’s existing and prospective clients and customers, their
addresses or other contact information and/or their confidential information; existing and prospective client and customer lists and other related data; expiration periods; policy numbers; coverage specifications; daily reports and related
correspondence; premium renewal notices; and all similar and related information in whatever form. The term Confidential Information does 

  
 8 

 
not include, and there shall be no obligation hereunder with respect to, information that (i) is generally available to the public on the date of this Agreement, (ii) becomes generally
available to the public other than as a result of a disclosure by Executive not otherwise permissible hereunder or (iii) Executive has learned or learns from other sources where, to Executive’s knowledge, such sources have not violated
their confidentiality obligation to the Company or any other applicable obligation of confidentiality. 
 “Down Line
Agents” means those entities and individuals set forth on Schedule 5(a). 
 (b) Noncompetition. Executive
covenants and agrees that during the period commencing on the Effective Date and ending on the later of (i) two years following the Effective Date and (ii) one year following the Termination Date (the “Restricted Period”),
Executive will not, directly or indirectly, own, manage, operate, control, render service to, or participate in the ownership, management, operation or control of any Competitor anywhere in the United States of America; provided, however,
that (x) Executive shall be entitled to own shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or on the Nasdaq Stock Market which represent, in the aggregate, not more than
1% of such corporation’s fully-diluted shares and (y) the foregoing noncompetition covenant shall not impair or limit in any way (i) Executive’s right to receive any commissions or overrides arising under contracts in effect
prior to the Effective Date between Executive or his affiliate, La Bella LLC, and any third party relating to insurance or related business written by Down Line Agents, or (ii) Executive’s ownership in the Insurance Center for Excellence,
LLC or otherwise limit in any way Executive’s right to receive any profits, distributions, or other payments as a result of or incident to such ownership. 
 (c) Nonsolicitation of Employees. Executive covenants and agrees that during the Restricted Period, Executive will not, directly or indirectly, employ or solicit, or receive or accept the
performance of services by any then current officer, manager, employee or independent contractor of the Company or any parent, subsidiary or other affiliate of the Company, or in any way interfere with the relationship between the Company or any
parent, subsidiary or other affiliate of the Company, on the one hand, and any such officer, manager, employee or independent contractor, on the other hand. 

  
 9 

 (d) Nonsolicitation of Customers and Vendors. Executive covenants and agrees that
during the Restricted Period, Executive will not, directly or indirectly, knowingly induce, or attempt to induce, any customer, salesperson, distributor, supplier, vendor, manufacturer, representative, agent, jobber, licensee or other person known
by Executive to be transacting business with the Company or any parent, subsidiary or other affiliate of the Company (collectively the “Customers” and “Vendors”) to reduce or cease doing business with the Company or
any such parent, subsidiary or other affiliate of the Company, or in any way to interfere with the relationship between any such Customer or Vendor, on the one hand, and the Company or any parent, subsidiary or other affiliate of the Company, on the
other hand. 
 (e) Representations and Covenants by Executive. Executive represents and warrants that:
(i) Executive’s execution, delivery and performance of this Agreement do not and will not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Executive is a party
or by which Executive is bound; (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity (other than the Company) and Executive is not subject to
any other agreement that would prevent Executive from performing Executive’s duties for the Company or otherwise complying with this Agreement; (iii) Executive is not subject to or in breach of any nondisclosure agreement, including any
agreement concerning trade secrets or confidential information owned by any other party; and (iv) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive,
enforceable in accordance with its terms. 
 (f) Nondisclosure of Confidential Information. Executive hereby acknowledges
and represents that Executive has consulted with independent legal counsel regarding Executive’s rights and obligations under this Agreement and that Executive fully understands the terms and conditions contained herein and Executive agrees
that Executive will not, directly or indirectly: (i) use, disclose, reverse engineer or otherwise exploit for Executive’s own benefit or for the benefit of anyone other than the Company the Confidential Information

  
 10 

 
except as authorized by the Company; (ii) during Executive’s employment with the Company, use, disclose, or reverse engineer (x) any confidential information or trade secrets of
any former employer or third party, or (y) any works of authorship developed in whole or in part by Executive during any former employment or for any other party, unless authorized in writing by the former employer or third party; or
(iii) upon Executive’s resignation or termination (x) retain Confidential Information, including any copies existing in any form (including electronic form), that are in Executive’s possession or control, or (y) destroy,
delete or alter the Confidential Information without the Company’s consent. Notwithstanding the foregoing, Executive may use the Confidential Information in the course of performing Executive’s duties on behalf of the Company or any
parent, subsidiary or other affiliate of the Company as described hereunder, provided that such use is made in good faith. Executive will immediately surrender possession of all Confidential Information to Company upon any suspension or
termination of Executive’s employment with Company for any reason. 
 (g) Inventions and Patents. Executive
acknowledges that all (i) inventions, innovations, improvements, developments, methods, designs, analysis, drawings, reports, processes, novel concepts and all similar or related information (whether or not patentable) that relate to the
Company’s or any of its parents’, subsidiaries’ or other affiliates’ actual or anticipated businesses, (ii) research and development and (iii) existing or future products or services that are, to any extent, conceived,
developed or made by Executive while employed by the Company or any parent, subsidiary or other affiliate of the Company (“Work Product”) belong to the Company or such parent, subsidiary or other, affiliate. Executive shall promptly
disclose such Work Product to the Board and perform all actions reasonably necessary or requested by the Board (whether during or after the Term) to establish and confirm such ownership (including, without limitation, executing assignments,
consents, powers of attorney and other instruments). 
 (h) Miscellaneous. 

(i) Executive acknowledges that (x) Executive’s position is a position of trust and responsibility with access to Confidential
Information of the Company, (y) the Confidential Information, and the relationship between the Company and each of its employees, 

  
 11 

 
Customers and Vendors, are valuable assets of the Company and may not be converted to Executives own use and (z) the restrictions contained in this Section 5 are reasonable and
necessary to protect the legitimate business interests of the Company and will not impair or infringe upon Executive’s right to work or earn a living after Executive’s employment with the Company ends. 

(ii) Each of the foregoing obligations shall be enforceable independent of any other obligation, and the existence of any claim or cause
of action that Executive may have against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of these obligations. 

(iii) Executive acknowledges that monetary damages will not be an adequate remedy for the Company in the event of a breach of this
Agreement and that it would be impossible for the Company to measure damages in the event of such a breach. Therefore, Executive agrees that, in addition to other rights that the Company may have at law or equity, the Company is entitled, without
posting bond, to seek an injunction preventing Executive from any breach of this Agreement. 
 (iv) In the event of a breach or
violation by Executive during the Restricted Period of any restriction in Section 5(b), (c) or (d) of this Agreement, the Restricted Period shall be tolled until such breach or violation has been cured. 

(v) The parties intend to provide the Company with the maximum protection possible with respect to its Customers and Vendors. The
parties, however, do not intend to include a provision that contravenes the public policy of any state. Therefore, if any provision of this Section 5 is unlawful, against public policy or otherwise declared void, such provision shall not be
deemed part of this Agreement, which otherwise shall remain in full force and effect. If, at the time of enforcement of this Agreement, a court or other tribunal holds that the duration, scope or area restriction stated herein is unreasonable under
the circumstances then existing, the parties agree that the court should enforce the restrictions to the extent it deems reasonable. 

  
 12 

 (vi) Executive hereby agrees that prior to accepting employment with any other person or
entity during the Term or during the Restricted Period following the Termination Date, Executive will provide such prospective employer with written notice of the existence of this Agreement and the provisions of this Section 5 of this
Agreement, with a copy of such notice delivered simultaneously to the Company in accordance with Section 10 of this Agreement. 
 (vii) Notwithstanding any provision of this Agreement, the obligations and commitments of this Section 5 shall survive and continue in full force and effect in accordance with their terms
notwithstanding any termination of Executive’s employment for any reason or termination of this Agreement for any reason. 

Section 6. Withholding Taxes. Prior to making any payments required to be made pursuant to this Agreement, the Company may
require that the Company be reimbursed in cash for any taxes required by any government to be withheld or otherwise deducted and paid by the Company in respect of such payment by the Company. In lieu thereof, the Company shall have the right to
withhold the amount of such taxes from any sums due or to become due from it to Executive. 
 Section 7. Expenses.
In the event of any legal action to enforce Executive’s or the Company’s rights under this Agreement, each party will be responsible for that party’s attorneys’ fees, expenses and disbursements. 

Section 8. Assignment. This Agreement is binding upon and shall inure to the benefit of the parties hereto and their
respective successors and assigns. Executive shall not assign or transfer any rights or obligations hereunder. The Company shall have the right to assign or transfer any rights or obligations hereunder only to (a) a successor entity in the
event of a merger, consolidation, or transfer or sale of all or substantially all the assets of the Company or (b) a parent, subsidiary or other affiliate of the Company. Any purported assignment, other than as provided above, shall be null and
void. 
 Section 9. Indemnification. The Company shall indemnify Executive for any act or omission done or not done
in performance of Executive’s duties hereunder in accordance with 

  
 13 

 
the Company’s by-laws to the extent provided for any other officer or member of the Board of the Company. The Company’s obligations under this Section 9 shall survive any
termination of this Agreement or Executive’s employment hereunder. 
 Section 10. Notices. All notices,
requests, consents and other communications required or permitted to be given hereunder, shall be in writing and shall be delivered personally or sent by prepaid telegram, telex, facsimile transmission, overnight courier or mailed, first class,
postage prepaid by registered or certified mail, as follows: 
  

			
	If to the Company:	  	 Health Plan Intermediaries Holdings, LLC.
 15438 N. Florida Avenue, Suite 201
 Tampa, Florida, 33613

Attention: Michael Kosloske
 Telecopy: (877)
376-5832
  
 with a copy to (which shall not constitute notice
hereunder):
 Health Plan Intermediaries Holdings, LLC
 15438 N. Florida Avenue, Suite 201
 Tampa, Florida, 33613

Attention: Gary Raeckers
 Telecopy: (877)
376-5832

		
	If to Executive:	  	To Executive’s address as reflected on the payroll records of the Company

 or such other address as either party shall designate by notice in writing to the other in accordance herewith. Any such
notice shall be deemed given when so delivered personally, by telex, facsimile transmission or telegram, or if sent by overnight courier, one day after delivery to such courier by the sender or if mailed, five days after deposit by the sender in the
U.S. mails. 
 Section 11. Entire Agreement. This Agreement shall constitute the entire agreement between Executive
and the Company concerning the subject matter hereof. This Agreement 

  
 14 

 
supersedes and preempts any prior employment agreement or other understandings, agreements or representations by or among the parties, written or oral, that may have related to the subject matter
hereof. No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing, signed by Executive and an authorized officer of the Company. 

Section 12. Governing Law. This Agreement shall be subject to and governed by the laws of the State of Florida, without
giving effect to the principles of conflicts of law under Florida law that would require or permit the application of the laws of a jurisdiction other than the State of Florida and irrespective of the fact that the parties now or at any time may be
residents of or engage in activities in a different state. Employee agrees that in the event of any dispute or claim arising under this Agreement, jurisdiction and venue shall be vested and proper, and Employee hereby consents to the jurisdiction of
any court sitting in the State of Florida, including a federal district court. 
 Section 13. Full Settlement.
Executive acknowledges and agrees that, subject to the payment by the Company of the benefits provided in this Agreement to Executive, in no event will the Company nor any parent, subsidiary or other affiliate thereof be liable to Executive for
damages under any claim of breach of contract as a result of the termination of Executive’s employment. In the event of any such termination, the Company shall be liable only to provide to Executive, or Executive’s heirs or beneficiaries,
the benefits specified in this Agreement. 
 Section 14. Strict Compliance. Executive’s or the Company’s
failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right Executive or the Company may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or
right of this Agreement. The waiver, whether express or implied, by either party of a violation of any of the provisions of this Agreement shall not operate or be construed as a waiver of any subsequent violation of any such provision. 

Section 15. Creditor Status. No benefit or promise hereunder shall be secured by any specific assets of the Company.
Executive shall have only the rights of an unsecured general creditor of the Company in seeking satisfaction of such benefits or promises. 

  
 15 

 Section 16. Section 409A. This Agreement is intended to comply with the
requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and shall be construed accordingly. Any payments or distributions to be made to Executive under this Agreement upon a separation
from service of amounts classified as “nonqualified deferred compensation” for purposes of Section 409A, shall in no event be made or commence until six months after such separation from service if Executive is determined to be a
specified Executive of a public company (all as determined under Section 409A). Each payment of nonqualified deferred compensation under this Agreement shall be treated as a separate payment for purposes of Section 409A. Any reimbursements
made pursuant to this Agreement shall be paid as soon as practicable but no later than 90 days after Executive submits evidence of such expenses to the Company (which payment date shall in no event be later than the last day of the calendar
incurred). The amount of such reimbursements paid and any in-kind benefits the year following the calendar year in which the expense was provided during any calendar year shall not affect the reimbursements paid or in-kind benefits provided in any
other calendar year, and the right to any such payments and benefits shall not be subject to liquidation or exchange for another payment or benefit. 
 Section 17. Cooperation. Executive agrees to provide assistance to and cooperate with the Company upon its reasonable request with respect to matters within the scope of Executive’s
duties and responsibilities during the Restricted Period. During such Period, the Company shall, to the maximum extent coordinate or cause any such request with Executive’s other commitments and responsibilities to minimize the degree to which
such request interferes with such commitments and responsibilities. The Company agrees that it will reimburse Executive for reasonable documented travel expenses (i.e., travel, meals and lodging) that Executive may incur in providing
assistance to the Company hereunder. 
 Section 18. Non-disparagement. Executive agrees to not make any statements,
written or oral, while employed by the Company and thereafter, which would be reasonably likely to disparage or damage the Company, its subsidiaries or affiliates or the personal or professional reputation of any present or former employees,
officers or members of the managing or directorial boards or committees of the Company or its subsidiaries or affiliates. The Company agrees that it will instruct each of its officers and members of its managing board not to make

  
 16 

 
any disparaging communication regarding Executive, and no director, officer or employee of the Company will be authorized on the Company’s behalf to make any such disparaging communications
regarding Executive. 
 Section 19. Recoupment. If the Company is required to prepare an accounting restatement due
to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, and if the Executive knowingly or grossly negligently engaged in the misconduct, or knowingly or grossly
negligently failed to prevent the misconduct, or if the Executive is one of the individuals subject to automatic forfeiture under, Section 304 of the United States Sarbanes-Oxley Act of 2002 (and not otherwise exempted), the Executive shall
reimburse the Company the amount of any payment in settlement of any earned or accrued during the twelve-month period following the first public issuance or filing with the United States Securities and Exchange Commission (whichever first occurred)
of the financial document not in compliance with such financial reporting requirement. Such payments shall be subject to repayment to or recoupment (clawback) by the Company in accordance with such policies and procedures as the Committee or Board
may adopt from time to time, including policies and procedures to implement applicable law (including. but not limited to Section 954 of the Dodd-Frank Act), stock market or exchange rules and regulations or accounting or tax rules and
regulations. 
 Section 20. Survival. Any provision of this Agreement that is expressly or by implication intended
to survive the termination of this Agreement shall survive or remain in effect after the termination of this Agreement. 

Section 21. Counterparts. This Agreement may be executed in two or more counterparts, anyone of which need not contain the
signature of more than one party, but all such counterparts taken together shall constitute one and the same agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
 17 

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

			
	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC
		
	By:	 	 /s/ Michael Kosloske

	Name:	 	Michael Kosloske
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Ivan M. Spinner
 Ivan M. Spinner

 (Signature Page to Employment Agreement) 

 EXHIBIT A 
 FORM OF RELEASE 
 This RELEASE (“Release”) is granted
effective as of the      day of                      by Ivan M. Spinner (the “Executive”) in favor
of Health Plan Intermediaries Holdings, LLC (the “Company”) and the other Released Parties (as defined below). This is the Release referred to in the Employment Agreement, dated as of March 14, 2013, between the Company and the
Executive (the “Employment Agreement”). The Executive gives this Release in consideration of the Company’s promises and covenants contained in the Employment Agreement, with respect to which this Release is an integral part.

 1. Release of the Company. The Executive, for himself, his successors, assigns, attorneys, and all those entitled to
assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, stockholders, trustees, Executives, agents, parent corporations, subsidiaries, affiliates, estates, successors, assigns and
attorneys (the “Released Parties”), from any and all claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands,
claims for attorney’s fees and costs, or liabilities whatsoever, in law or in equity, which the Executive ever had or now has against the Released Parties, arising by reason of or in any way connected with or which may be traced either directly
or indirectly to the employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors and the Executive, or the termination of that relationship, that the Executive has, had or purports to
have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment
discrimination under federal or state law, except as provided in Paragraph 2; claims arising under Title VII of the Civil Rights Act, 42 U.S.C. § 2000(e), et seq. or the Americans With Disabilities Act, 42 U.S.C.
§ 12101, et seq.; claims for statutory or common law wrongful discharge, including any claims arising under the Fair Labor Standards Act, 29 U.S.C. § 201, et seq.; claims for attorney’s fees, expenses and
costs; claims for defamation; claims for wages or vacation pay; claims for benefits, including any claims arising under the Executive Retirement Income Security Act, 29 U.S.C. § 1001, et seq.; and provided,
however, that nothing herein shall 

  
 A-1

 
release the Company of its obligations to the Executive under the Employment Agreement or any other contractual obligations between the Company or its subsidiaries or affiliates and the
Executive, or any indemnification obligations to the Executive under the Company’s bylaws or operating agreement or federal, state or local law or otherwise. 
 2. Release of Claims Under Age Discrimination in Employment Act. Without limiting the generality of the foregoing, the Executive agrees that by executing this Release, he has released and waived
any and all claims he has or may have as of the date of this Release for age discrimination under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. It is understood that the Executive has been advised to
consult with an attorney prior to executing this Release; that he in fact has consulted a knowledgeable, competent attorney regarding this Release; that he may, before executing this Release, consider this Release for a period of 21 calendar
days; and that the consideration he receives for this Release is in addition to amounts to which he was already entitled. It is further understood that this Release is not effective until seven calendar days after the execution of this Release and
that the Executive may revoke this Release within seven calendar days from the date of execution hereof. 
 The Executive agrees
that he has carefully read this Release and is signing it voluntarily. The Executive acknowledges that he has had 21 days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the
expiration of such 21-day period, the Executive is waiving his right to review the Release for such full 21-day period prior to signing it. The Executive has the right to revoke this release within seven days following the date of its execution by
him. However, if the Executive revokes this Release within such seven-day period, no severance benefit will be payable to him under the Employment Agreement and he shall return to the Company any such payment received prior to that date. 

THE EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS
AGAINST THE COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. THE EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN ATTORNEY OR OTHER ADVISOR OF HIS CHOOSING CONCERNING HIS EXECUTION OF THIS

  
 A-2

 
RELEASE AND THAT HE IS SIGNING THIS RELEASE VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH CLAIMS. 

 

	
	  
 Name of Executive: Ivan M.
Spinner

 Date:
                     

  
 A-3

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