Document:

Addendum No. 6 to Broker Agreement

 Exhibit 10.7.7 
 ADDENDUM No. 6 
 THIS ADDENDUM is to the Broker Agreement dated March 26, 1999 between
Hull & Company, Inc. (“Broker”) and USF&G Specialty Insurance Company (“Company”) as amended by addenda effective July 1, 2000, April 1, 2001, July 1, 2001, September 1, 2001 and
July l, 2002 (“Agreement”). 
 WHEREAS, the Company has requested that the termination provision of the Agreement (Section 8) be amended to
require twenty-four (24) months written notice of termination; and 
 WHEREAS, the Broker is willing to make such an amendment if additional
changes are made to the Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Broker and the Company agree to amend the Agreement as follows: 
 1. Section 8 b) is amended to read “By either
party for any reason upon twenty-four (24) months written notice to the other.” 
 2. A new subparagraph n) is added to
Section 8 to read as follows: 
 n) The Company’s parent company has an A.M. Best rating below A-VIII. 

3. A new subparagraph o) is added to Section 8 to read as follows: 
 o) Kevin Nish and Karen Padovese are no longer responsible for the overall management of the residential property insurance business that
is the subject of this Agreement. 
 4. The second paragraph below the new Section 8 o) on page 11 of the Agreement is amended to read
as follows: 
 In addition to the termination events described above, the parties agree that this Agreement can be immediately terminated by
either party upon written notice to the other if the renewal retention in all States drops below 55% in any one month. 
 5. Section 12
is amended to include a new subparagraph g) to read as follows: 
 The Broker and the subproducers shall continue to have access to the
Company’s RHQ system, as currently operational, to service existing business until the Policies have expired, subject to the other terms of this Section. 
 6. A new subparagraph q) is added to Section 14 to read as follows: 

 If the Company enters new states, the Broker will have the opportunity to, but not be obligated to,
market business in those states using the Company’s RHQ system. 
 All other terms and conditions in the Agreement, as previously amended, remain
unchanged. 
 The effective date of this Addendum shall be August 11, 2004. 
 IN WITNESS WHEREOF, the parties have duly authorized, executed and delivered this Addendum as of the effective date set forth above. 
  

							
	USF&G SPECIALTY INSURANCE COMPANY	    	HULL & COMPANY, INC.
				
	By:	 	 /s/ Karen M. Padovese
	    	By:	 	 /s/ Bruce E. Bowers

	Name:	 	Karen M. Padovese	    	Name:	 	Bruce E. Bowers
	Title:	 	Vice President	    	Title:	 	S.V.P.Addendum No. 7 to Broker Agreement

 Exhibit 10.7.8 
 ADDENDUM No. 7 
 THIS ADDENDUM to the Broker
Agreement dated March 26, 1999 between Hull & Company, Inc. (“Broker) and USF&G Specialty Insurance Company (“Company”) as amended by addenda dated July 1, 2000, April 1, 2001, July 1,
2001, September 1, 2001, and July 1, 2002 (the “Agreement”) is entered into as of the 6th
day of June, 2005. 
 WHEREAS, the majority ownership of the assets of the Broker changed effective March 1, 2005; and 
 WHEREAS, the Company and Broker desire the Agreement to remain in full force and effect and not terminated as provided by Section 8 (d) of the
Agreement; and 
 WHEREAS, the Company and Broker desire to assign the Agreement to the Broker’s successor in interest consistent with the
requirements of Section 14 (d) of the Agreement; and 
 WHEREAS, the parties desire to amend the contact information for the Company when
information sent concerns the monthly reports. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Broker and the Company agree to amend the Agreement as follows: 
 1. The Company and Broker agree that notwithstanding the sale and change
in majority ownership of the assets of the Broker, the Agreement shall not terminate as provided by Section 8 (d) of the Agreement. 
 2. The
Company understands that the assets of the Broker were acquired by Brown & Brown, Inc. and that, as a result of such acquisition, the assets previously owned by the Broker were transferred to a new entity known as Hull & Company,
Inc. with FEIN# 20-2357767. Pursuant to Section 14 (d) of the Agreement, the Company consents to the assignment and transfer of all of the Broker’s rights and interest in, and all of its duties and obligations under the Agreement to
Hull & Company, Inc. with FEIN# 20-2357767. 
 3. The Broker hereby assigns to and Hull & Company, Inc. with FEIN # 20-2357767 hereby
accepts and assumes all of the Broker’s rights and interests in, and all of its duties and obligations under the Agreement. 
 4. The contact
information provided under Section 6 (c) for the Company when information concerns the monthly reports shall be changed to: 
 USF&G Specialty Insurance Company 
 4820 Business Center Drive 
 Suite 200 
 Fairfield, CA 94534 
 Attention: Karen M. Padovese, Vice President 

 With a copy to: 
 USF&G Specialty Insurance Company 
 1340 Smith Ave. 
 Suite 200 
 Baltimore, MD 21209 
 Attention: Rosemary Quinn, Counsel 
 All other notices
provided to the Company pursuant to Section 6 (c) of the Agreement shall be sent to the same location but to the attention of Greg Vezzosi with a copy to James Crist, Assistant Vice President – Legal. 
  

	5.	All other terms and conditions in the Agreement, as previously amended, shall remain unchanged and in full force and effect. 

  

	6.	The effective date of this Addendum shall be March 1, 2005. 

 IN
WITNESS WHEREOF, the parties have duly authorized, executed and delivered this Addendum as of the date set forth above in the first paragraph. 
  

			
	USF&G SPECIALTY INSURANCE COMPANY
		
	By:	 	 /s/ Karen M. Padovese

	Name:	 	Karen M. Padovese
	Title:	 	Vice President
	
	HULL & COMPANY, INC. (FEIN # 59-0994263)
		
	By:	 	 /s/ Bruce E. Bowers

	Name:	 	Bruce E. Bowers
	Title:	 	S.V.P.
	
	HULL & COMPANY, INC. (FEIN #20-2357767)
		
	By:	 	 /s/ Bruce E. Bowers

	Name:	 	Bruce E. Bowers
	Title:	 	S.V.P.Addendum No. 8 to Broker Agreement

 Exhibit 10.7.9 
 ADDENDUM No. 8 
 THIS ADDENDUM to
the Broker Agreement dated March 26, 1999 between Hull & Company, Inc. (“Broker) and USF&G Specialty Insurance Company (“Company”) as amended by addenda dated July 1, 2000, April 1,
2001, July 1, 2001, September 1, 2001, July 1, 2002, August 11, 2004 and March 1, 2005 (the “Agreement”) is entered into as of the 7th day of March, 2007. 
 WHEREAS, the Company
desires to remove certain termination provisions with regard to its parent company’s A.M. Best rating; and 
 WHEREAS, the
Company desires to remove certain termination provisions with regard to the overall management of the residential property insurance business of the Company; and 
 WHEREAS, the Company desires to amend the contact information for the Company pursuant to notices. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Broker and the Company agree to amend the Agreement as follows: 
  

	 	1.	Subparagraph 8n) of the Agreement as previously added by Addendum No. 6, effective August 11, 2004, shall be deleted in its entirety. 

  

	 	2.	Subparagraph 8o) of the Agreement as previously added by Addendum No. 6, effective August 11, 2004, shall be deleted in its entirety. 

  

	 	3.	Section 6(c) of the Agreement as previously amended by Addendum No. 7, Section 4, is amended to read as follows: 

 GeoVera Specialty Insurance Company 
 4820 Business Center Drive 
 Suite 200 
 Fairfield, CA 94534 
 Attention: Karen M. Padovese, Chief Operating Officer 
 With a copy to: 
 GeoVera Specialty Insurance Company 
 4820 Business Center Drive 
 Suite 200 
 Fairfield, CA 94534 
 Attention: Michael Zukerman, General Counsel 
  

	 	4.	All other terms and conditions in the Agreement, as previously amended, shall remain unchanged and in full force and effect. 

  

	 	5.	The effective date of this Addendum shall be March 7, 2007. 

 IN WITNESS WHEREOF, the parties have duly authorized, executed and delivered this Addendum as of
the date set forth above in the first paragraph. 
  

			
	GEOVERA SPECIALTY INSURANCE COMPANY

			
		
	By:	 	/s/    MICHAEL ZUKERMAN        

			
	Name:	 	Michael Zukerman
	Title:	 	General Counsel and Secretary
	
	HULL & COMPANY, INC.

			
		
	By:	 	/s/    BRUCE E. BOWERS        

			
	Name:	 	Bruce E. Bowers
	Title:	 	S.V.P.Restricted Stock Agreement (Kevin Nish)

 Exhibit 10.8 
 RESTRICTED STOCK AGREEMENT  
 (Kevin Nish) 
 This RESTRICTED STOCK AGREEMENT (this “Agreement”) is dated as of November 1, 2005, by and between HFF&L (CAYMAN)
HOLDINGS, LTD., a Cayman Islands exempted company (the “Company”), and KEVIN NISH (the “Stockholder”). 
 WHEREAS, the Company wishes to issue to the Stockholder a certain number of the Company’s Ordinary Shares (as defined in Section 1 hereof) on the terms and subject to the restrictions contained in this Agreement; and

 NOW, THEREFORE, in consideration of the mutual promises and agreements set forth herein, the Company and the Stockholder
agree as follows: 
 1. DEFINITIONS. As used herein, the following terms shall have the meanings specified below: 
 “Act” has the meaning specified in Section 4(a) hereof. 
 “Affiliate” has the meaning specified in the Members Agreement. 
 “After-Tax Percentage” means 56%. 
 “After-Tax Vested Share Distribution” has the meaning specified in Section 7.1(a). 
 “Agreement” has the meaning specified in the preamble hereto. 
 “Board” means the Board of
Directors of the Company. 
 “Company” has the meaning specified in the preamble hereto. 
 “Distributions” has the meaning specified in Section 7.1. 
 “Employer” means HFF&L (U.S.) Holdings, Inc., a Delaware corporation and an indirect wholly-owned Subsidiary of the Company.

 “Event of Default” has the meaning specified in the Note. 
 “Members Agreement” means the Management Members’ Agreement, dated as of November 1, 2005, among the Company the Sponsor
Members of the Company party thereto and the Management Members of the Company party thereto, as amended and in effect from time to time. 
 “Note” has the meaning specified in specified in Section 2(a). 
 “Ordinary Shares” means the
ordinary shares, par value $0.001 per share, of the Company. 

 “Original Price Per Share” means $5.00 per Share for each Ordinary Share. 
 “Person” an individual, partnership, limited liability company, corporation, association, trust, joint venture, unincorporated
organization, or any government, governmental department or agency or political subdivision thereof. 
 “Sale of the
Company” means any of the following events: (a) the acquisition of the Company by another Person by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger, scheme of
arrangement, consolidation, recapitalization or other similar transaction) in which the Company’s members of record immediately prior to such acquisition will, immediately after such acquisition (by virtue of securities issued as consideration
for the Company’s acquisition or otherwise) fail to hold at least fifty percent (50%) of the voting power of the resulting or surviving corporation or other surviving entity, as applicable, following such acquisition, or (b) the sale
of all or substantially all of the Company’s and its Subsidiaries’ assets, taken as a whole. 
 “Shares” has the
meaning set forth in Section 2(a) of this Agreement and includes all other shares of capital stock issued with respect thereto by way of dividend or stock split or in connection with any merger, consolidation, recapitalization or reorganization
affecting the Company’s capital stock. 
 “Stockholder” has the meaning specified in the preamble hereto. 

“Stock Purchase Agreement” means the Stock Purchase Agreement, dated as of November 1, 2005, between the Company and the
Stockholder, as amended and in effect from time to time. 
 “Subsidiary” means any corporation, association, trust, or other
business entity, of which the designated parent shall at any time own or control directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes) of the outstanding shares of capital stock (or other shares of
beneficial interest) which are (a) entitled ordinarily, in the absence of contingencies, to vote for the election of a majority of such business entity’s directors (or Persons exercising similar functions), even though the right so to vote
has been suspended by the happening of such a contingency, or (b) entitled at the time to vote for the election of a majority of such business entity’s directors (or Person exercising similar functions), whether or not the right so to vote
exists by reason of the happening of a contingency. 
 “Termination of Employment” means the termination of the
Stockholder’s employment with the Company or any of its Subsidiaries for any reason, including, without limitation, for resignation, death or Disability of the Stockholder, and whether or not for Cause. 
 “Transfer” has the meaning specified in Section 4 hereof. 
 “Unvested Shares” has the meaning specified in Section 3.1 hereof. 
 “Vested Shares” has the meaning specified in Section 3.1 hereof. 
 “Vesting Date” has the meaning specified in Section 7.1(b). 
  

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 “Vesting Date Payment” has the meaning specified in Section 7.1(b). 
 2. PURCHASE AND SALE OF SHARES. (a) Subject to (i) the terms and conditions hereinafter set forth and in reliance on the representations
and warranties contained herein, and (ii) the Company’s receipt of any and all necessary consents, authorizations and approvals of the transactions contemplated by this Agreement, and in consideration of the services to be provided by the
Stockholder to the Company and its Subsidiaries, the Company hereby agrees to issue to the Stockholder, on the date hereof 434,596 Ordinary Shares (the “Shares”). On the date hereof the Company shall deliver to the Stockholder a
certificate or certificates representing the Shares (each such certificate to bear the legends set forth in Section 6 hereof). The Employer agrees to loan to the Stockholder an amount of up to $956,111 to fund payment of the U.S. federal and
state income tax obligations of the Stockholder resulting from the grant of the Shares hereunder (the “Loan”). The Loan will be made at the time such tax obligations are paid by the Stockholder and will be evidenced by a limited
recourse stockholder promissory note, substantially in the form attached hereto as Exhibit A (the “Note”). On or prior to the date of the Loan, the Stockholder will (i) duly execute and deliver to the Employer the Note
and (ii) deliver and pledge all of the Shares to the Employer pursuant to the terms of the Note, together with undated shares transfers or other appropriate instruments of assignment thereof duly executed in blank by the Stockholder. The Note
will be secured by the Shares and the Purchased Shares (as defined in the Stock Purchase Agreement). 
 (b) The Company represents and
warrants that, after giving effect to the purchase and sale effected hereby and all other agreements to purchase capital stock and securities of the Company as of the date hereof, (i) the authorized share capital of the Company is $50,000 and
consists of 50,000,000 Ordinary Shares, 44,111,516 shares of which are issued and outstanding on the date hereof, (ii) all such outstanding share capital is owned as set forth on Schedule 1 hereto and is validly issued and outstanding,
fully paid and non-assessable and (iii) there are no commitments for the purchase or sale of, and no options, warrants or other rights to subscribe for or purchase, any securities of the Company other than as set forth on Schedule 1
hereto. 
 3. VESTING AND REPURCHASE OF SHARES. 
 3.1 Vesting of Shares. Initially, all of the Shares shall be considered “Unvested Shares”. On each anniversary of November 1, 2005 prior to the Termination of Employment, commencing
with November 1, 2006, 25% of the original number of Shares shall become “Vested Shares”, such that all of the Shares shall be Vested Shares as of and after November 1, 2009 if the Termination of Employment does not occur
prior to such date. If a Sale of the Company occurs prior to a Termination of Employment (the first such event or sale, a “Vesting Acceleration Event”), the then Unvested Shares shall become Vested Shares upon the occurrence of such
Vesting Acceleration Event. No Shares which have not already become Vested Shares shall become Vested Shares upon or after the Termination of Employment for any reason. 
 3.2 Repurchase Rights of the Company and the Sponsor Members. Upon the Termination of Employment, the Company and the Sponsor Members (as defined in the 

  

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Members Agreement) shall have the rights to purchase all or a portion of the Shares in accordance with the terms of Article IV of the Members Agreement.

 4. RESTRICTIONS ON TRANSFER. The Stockholder may not sell, assign, transfer, pledge, gift or otherwise dispose of
(“Transfer”) any of the Shares, except in accordance with Article III of the Members Agreement. 
 5. INVESTMENT
REPRESENTATIONS. (a) The Stockholder represents that the Shares are being acquired by him for his own account for investment and not with a view to the distribution thereof. The Stockholder understands that the Shares have not been
registered under the Securities Act of 1933, as amended (the “Act”), on the grounds that the offer and sale of the Shares to him are exempt from the registration requirements of the Act under Section 4(2) thereof as a
transaction not involving any public offering of the Shares. The Stockholder understands that the Company’s reliance on such exemption is predicated in part on the representations of the Stockholder which are contained herein. 
 (b) The Stockholder understands that he must bear the economic risk of his investment in the Shares for an indefinite period of time because the Shares
have not been registered under the Act and, therefore, cannot be sold unless they are subsequently registered under the Act or an exemption from such registration is available. The Stockholder agrees that he will not offer to Transfer any of the
Shares except as expressly permitted by the Members Agreement and then only after the Company has received an opinion of its counsel that such offer or Transfer is not in violation of the registration requirements of the Act or other applicable law.

 (c) The Stockholder represents that he is an “accredited investor” (as defined in Rule 501 under the Act). 
 6. LEGENDS; STOP TRANSFER. (a) Each certificate representing the Shares shall bear legends in or substantially in the following form:

 “THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO TRANSFER, SALE OR
OTHER DISPOSITION OF THESE SHARES MAY BE MADE UNLESS A REGISTRATION STATEMENT WITH RESPECT TO THESE SHARES HAS BECOME EFFECTIVE UNDER SAID ACT, OR THE COMPANY HAS BEEN FURNISHED WITH AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED. 
 THE SHARES EVIDENCED BY THIS CERTIFICATE ARE ALSO SUBJECT TO CERTAIN REPURCHASE RIGHTS IN FAVOR OF THE
COMPANY AND CERTAIN PROVISIONS REGARDING RESTRICTIONS UPON TRANSFER CONTAINED IN A RESTRICTED STOCK AGREEMENT, DATED AS OF NOVEMBER 1, 2005, COPIES OF WHICH WILL BE FURNISHED BY THE COMPANY TO THE HOLDER OF THE SHARES EVIDENCED BY THIS CERTIFICATE
UPON WRITTEN REQUEST AND WITHOUT CHARGE. 
  

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 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF A CERTAIN MANAGEMENT MEMBERS’
AGREEMENT, DATED AS OF NOVEMBER 1, 2005, AMONG THE ISSUER OF THIS CERTIFICATE AND CERTAIN OF ITS MEMBERS. THE MANAGEMENT MEMBERS’ AGREEMENT CONTAINS CERTAIN RESTRICTIVE PROVISIONS RELATING TO THE VOTING AND TRANSFER OF SHARES REPRESENTED
HEREBY. A COPY OF THE MANAGEMENT MEMBERS’ AGREEMENT IS ON FILE AT THE COMPANY’S PRINCIPAL OFFICES. UPON WRITTEN REQUEST TO THE COMPANY’S SECRETARY, A COPY OF THE MANAGEMENT MEMBERS’ AGREEMENT WILL BE PROVIDED WITHOUT CHARGE TO
THE HOLDER OF THIS CERTIFICATE.” 
 (b) In addition, the Company shall make a notation regarding the restrictions on transfer of the
Shares in the stock books of the Company, and such Shares shall be transferred on the books of the Company only if and when transferred or sold in compliance with all of the terms and conditions of this Agreement. 
 7. DIVIDEND AND OTHER DISTRIBUTIONS ON THE SHARES 
 7.1 Distributions on the Shares. If any dividends or other distributions are paid on Ordinary Shares (collectively, “Distributions”): 
 (a) the Stockholder shall be entitled to receive and retain any Distributions in respect of any Vested Shares; provided, however, that so
long as the Note is outstanding the After-Tax Percentage of any Distributions in respect of any Vested Shares (each, an “After-Tax Vested Share Distribution”) shall be used solely as follows: (i) first, to pay all
accrued and unpaid interest of the Note; and (ii) then, to repay the outstanding principal balance of the Note. Notwithstanding the foregoing, if any Event of Default has occurred and is continuing the entire amount of any Distribution
in respect of Vested Shares shall be applied in the manner contemplated by the proviso to the foregoing sentence. 
 (b) the Company shall
retain any Distribution in respect of any Unvested Shares until such time as such Unvested Shares become Vested Shares in accordance with the terms of this Agreement and on the applicable vesting date (each, a “Vesting Date”) the
Company shall pay to the Stockholder an amount (each such amount, a “Vesting Date Payment”) equal to the sum of (X) the amount of any Distributions that have been retained by the Company in accordance with this clause
(b) on the shares that have become Vested Shares on such Vesting Date, plus (Y) interest thereon from the date of the applicable Distribution until such Vesting Date calculated at an annual rate set by the Board that is
approximately equal to the rate that represents the yield on the Company’s operating Subsidiaries cash and investments during such period; provided, however, that so long as the Note is outstanding any Vesting Date Payment shall
be used solely as follows: (i) first, to pay all accrued and unpaid interest of the Note; and (ii) then, to repay the outstanding principal balance of the Note. Notwithstanding the foregoing, if any Event of Default has
occurred and is continuing the entire amount of any Distribution in respect of Unvested Shares shall be retained by the Company in the manner contemplated by the previous sentence. Upon the Termination of Employment at any time and for any reason,
the Stockholder shall automatically forfeit any right to any Distributions that have been retained by 

  

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the Company in accordance with this clause (b) (including any interest thereon) in respect of any Unvested Shares that have not become Vested Shares as
of the date of the Termination of Employment. Any payments under this clause (b) shall be made solely from the general assets of the Company. The Company shall have no obligation and does not intend to establish, maintain or contribute to any
trust, insurance contract, or other fund for the purpose of making or reserving for payments of dividends on Unvested Shares. The Stockholder shall have no greater rights to any of the assets of the Company as a result of becoming entitled to a
dividend on the vesting of previously Unvested Shares than the rights of any other general unsecured creditor of the Company. 
 7.2
Authorization. The Stockholder hereby irrevocably authorizes and directs the Company and the Employer to directly apply each After-Tax Share Distribution and Vesting Date Payment against payments of interest on and principal of the Note
in the manner contemplated by Section 7.1. 
 8. GENERAL. 
 8.1 Notices. All notices, demands and other communications hereunder shall be in writing or by written telecommunication, and shall be
deemed to have been duly given if delivered personally or if mailed by certified mail, return receipt requested, postage prepaid, or if sent by overnight courier, or sent by written telecommunication, as follows: 
 If to the Company, to: 
 c/o Friedman
Fleischer & Lowe, LLC 
 One Maritime Plaza 
 Suite 1000 
 San Francisco, California 94111 
 Attention: David L. Lowe 
 Fax No.:
(415) 402-2111 
 and 
 c/o
Hellman & Friedman LLC 
 One Maritime Plaza, 12th Floor 
 San Francisco, California 94111 
 Attention:
David R. Tunnell 
                Arrie R. Park 
 Fax No.: (415) 788-0176 
 With copies
sent simultaneously to: 
 Bingham McCutchen LLP 
 399 Park Avenue 
 New York, New York 10022 
 Attention: Neil W. Townsend, Esq. 
 Fax No:
(212) 752-5378 
  

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 and 
 Weil, Gotshal & Manges LLP 
 100 Federal Street, 34th Floor 
 Boston, MA 02110 
 Attention: James Westra,
Esq. 
 Fax No.: (617) 772-8333 
 If to the Stockholder, to: 
 Kevin Nish 
 2643 Seminole Circle 
 Fairfield, CA 94533 
 Any such notice shall be effective (a) if delivered personally, when received, (b) if sent by overnight courier, when receipted for,
(c) if mailed, five (5) days after being mailed as described above, and (d) if sent by written telecommunication, when dispatched. 
 8.2 Equitable Remedies. Each of the parties hereto acknowledges and agrees that upon any breach by the Stockholder of his obligations under Sections 3.2 or 4 hereof, the Company will have no adequate remedy at law, and
accordingly will be entitled to specific performance and other appropriate injunctive and equitable relief. 
 8.3
Severability. If any provision of this Agreement is or becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected
or impaired. 
 8.4 Waivers. No delay or omission by either party hereto in exercising any right, power or privilege hereunder
shall impair such right, power or privilege, nor shall any single or partial exercise of any such right, power or privilege preclude any further exercise thereof or the exercise of any other right, power or privilege. 
 8.5 Counterparts. This Agreement may be executed in multiple counterparts (including by facsimile), each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 8.6 Assigns. This Agreement shall not be
assignable or transferable by the Stockholder without the Company’s prior written consent thereto. 
 8.7 Entire
Agreement. This Agreement contains the entire understanding of the parties, supersedes all prior agreements and understandings relating to the subject matter hereof and shall not be amended except by a written instrument hereafter signed by
each of the parties hereto. Nothing in this Agreement shall be construed as a grant to the Stockholder of any right to continuing employment with the Company or any Subsidiary (including the Employer) or to restrict in any way the right to terminate
the Stockholder’s employment at any time. 
 8.8 Governing Law. This Agreement and the obligations of the parties
hereunder shall be governed by, and construed, interpreted and enforced, in accordance with, the 

  

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laws of the State of New York, without reference to applicable principles of conflicts of laws that would mandate the applicable of the laws of another
jurisdiction. 
 9. SECTION 83(B) ELECTION. The Stockholder and the Company acknowledge that the Stockholder is electing, in
accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended, to recognize ordinary income in this calendar year with respect to the acquisition of the Shares. The Stockholder and the Company agree that the fair market value
of the Shares on the date hereof is equal to the aggregate Original Price Per Share of the Shares, and shall reflect such fair market value to the extent required on any Federal, state or local income tax return or filing. The Stockholder further
agrees that he will file a Section 83(b) election form with the Internal Revenue Service within thirty (30) days after the date hereof. 
 [Remainder of page intentionally left blank; signature page follows] 
  

 8 

 IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties hereto have caused this
Agreement to be duly executed as of the date and year first above written. 
  

			
	 THE COMPANY:
	  	HFF&L (CAYMAN) HOLDINGS, LTD.
		
		  	By: /s/ David L.
Lowe                            
		  	      David L. Lowe
		  	      President
		
	 THE STOCKHOLDER:
	  	
		
		  	      /s/ Kevin
Nish                                    
		  	      Kevin Nish

  
 [Signature Page to Kevin
Nish Restricted Stock Agreement] 
  

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