Document:

EX-10.10

 Exhibit 10.10 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Executive Employment Agreement (“Agreement”) is entered into as of December 31, 2014 (the “Effective Date”), by
and between Patriot National, Inc. (the “Company”), a corporation organized under the laws of Delaware, with its principal administrative office at 401 East Las Olas Boulevard, Suite 1650, Fort Lauderdale, Florida 33301, and Steven M.
Mariano (“Executive”). 
 WHEREAS, the Company wishes to assure itself of the services or continued services of Executive
for the period provided in this Agreement; and 
 WHEREAS, Executive is willing to serve (or continue to serve) in the employ
of the Company on a full-time basis for said period. 
 NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows: 
  

	1.	Position and Responsibilities. The Company hereby employs Executive and Executive accepts employment as Chairman, Chief Executive Officer and President of the Company, on the terms and conditions herein set
forth. During the Employment Term, Executive shall serve as the Chairman, Chief Executive Officer and President of the Company. Executive shall have such duties, responsibilities, and authority as is commensurate with his position and shall report
solely and directly to the Company’s Board of Directors (the “Board”). During said period, Executive also agrees to serve, if elected, as an officer and director of any direct or indirect subsidiary of the Company (individually, a
“Subsidiary” or collectively, the “Subsidiaries”). In accordance with the Company’s bylaws, the Company shall nominate Executive as a director for shareholder approval at each annual meeting after the Effective Date during
the Employment Term (as defined below) in which his term as a director is due to expire. 

  

	2.	Employment Term. The period of Executive’s employment under this Agreement shall commence as of the Effective Date and shall continue until December 31, 2017 (the “Initial Term”) provided that
such term shall be automatically extended for an additional 12-month period commencing at the end of the Initial Term, and successively thereafter for additional 12-month periods (each such period an “Additional Term”), unless either party
shall have given notice to the other party that such party does not desire to extend the term of this Agreement, such notice to be given at least ninety (90) calendar days prior to the end of the Initial Term or the applicable Additional Term
(the Initial Term and any Additional Terms, if applicable, collectively, the “Employment Term”). In the event a Change in Control (as defined below) occurs on or after January 1, 2015, the Employment Term shall be extended and
continue in effect until at least the second anniversary of such Change in Control. The date of expiration of the Employment Term shall be referred to herein as the “Termination Date.” Upon the Termination Date, Executive shall be deemed
to resign from (i) the Board or board of directors of the Company or any Subsidiary or any other board to which he has been appointed or nominated by or on behalf of the Company, (ii) any position with the Company or any Subsidiary,
including, but not limited to, as an officer of the Company or any Subsidiary, and (iii) any fiduciary positions with respect to the employee benefit plans of the Company or any Subsidiary. 

	3.	Extent of Services. During the Employment Term, Executive shall devote his entire attention and energy to the business and affairs of the Company and Subsidiaries on a full-time basis and shall not be engaged in
any other business activity, regardless of whether such business activity is pursued for gain, profit or other pecuniary advantage, that interferes materially with the business of the Company, but this shall not be construed as preventing Executive
from investing his assets in such form or manner as will not require any services on the part of Executive in the operation of the affairs of the companies in which such investments are made and will not otherwise conflict with the provisions of
this Agreement. Executive may devote reasonable time to activities such as supervision of personal investments and activities involving professional, charitable, educational, religious, and similar types of activities, speaking engagements and
membership on other boards of directors, provided such activities do not interfere materially with the business of the Company. The time involved in such activities will not be treated as vacation time. Executive will be entitled to keep any amounts
paid to him in connection with such activities (e.g., director fees and honoraria). 

  

	4.	Compensation. 

  

	 	(a)	Salary. During the Employment Term, the Company shall pay Executive an annual salary of not less than $1 (“Annual Salary”), payable in accordance with the Company’s regular payroll procedures, with
possible increases in Executive’s salary at least annually. In January of each year that this Agreement is in effect, the Board or the Compensation Committee of the Board will review and consider whether to increase Executive’s base
salary. Executive’s Annual Salary shall not be decreased without Executive’s prior written consent, and the term “Annual Salary” for purposes of this Agreement shall refer to base salary annualized, as most recently increased.

  

	 	(b)	Bonus. During the Employment Term, Executive shall be eligible to receive an annual bonus each year in an amount as may be determined by the Compensation Committee of the Board, pursuant to a bonus plan that may
then be in effect or otherwise, subject to the attainment of such goals as the Compensation Committee of the Board shall establish and communicate to Executive within the first ninety (90) calendar days of such year. Any annual bonus shall be
paid no later than 2  1⁄2 months following the end of the calendar year and is intended to qualify for the short-term deferral exception to Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”). 

  

	 	(c)	Long Term Incentive. During the Employment Term, Executive shall be entitled to participate in, and receive awards under, any long-term incentive plan (whether payable in cash, equity or otherwise) maintained by
the Company in which other senior executives of the Company participate, in the discretion of the Compensation Committee of the Board. 

  
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	 	(d)	Benefits. During the Employment Term, Executive shall be entitled to participate in all benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability,
life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion, on the same basis as other executives of the Company, subject in all cases to the respective terms of such plans. The
Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by Executive, so long as the Company takes such action generally with respect to all other executive
officers. 

  

	 	(e)	Vacation. During the Employment Term, Executive will be provided four (4) weeks of vacation per calendar year, prorated based on date of hire, with additional weeks in accordance with the anniversary dates
pursuant to the Company’s vacation policy. 

  

	 	(f)	Business Expenses. During the Employment Term, Executive shall be entitled to prompt reimbursement for all reasonable expenses incurred by him in furtherance of the business of the Company in connection with
Executive’s performance of his duties hereunder, in accordance with the policies and procedures established for executive officers of the Company, and provided Executive properly accounts for such expenses. 

 

	5.	Termination. 

  

	 	(a)	Death. This Agreement and Executive’s employment hereunder shall terminate immediately upon Executive’s death. 

  

	 	(b)	Disability. To the extent permitted by law, if Executive is: (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can
be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three months under the Company’s disability or health plan, or (iii) determined to be
totally disabled by the Social Security Administration, then upon at least sixty (60) calendar days’ prior written notice to Executive, if such is consistent with applicable law, Executive shall be considered disabled for purposes of this
Agreement and the Company may terminate this Agreement and Executive’s employment hereunder, unless, within that notice period, Executive shall have resumed performance of the essential functions of his positions, with or without reasonable
accommodation. 

  

	 	(c)	Termination by the Company. 

  

	 	(i)	Termination for Cause. The Company may terminate this Agreement and Executive’s employment hereunder at any time for Cause. As used herein, “Cause” shall mean: 

 

	 	(A)	a material breach by Executive of Executive’s duties and obligations hereunder, including but not limited to gross negligence in the performance of his duties and responsibilities or the willful failure to follow
the Board’s directions, in each case, which causes or is likely to cause a material injury to the business of the Company, in the reasonable, good faith determination of the Board; provided, however, that Cause shall not exist unless the
Company has provided Executive with written notice setting forth the existence of the non-performance, failure or breach and Executive shall not have cured same within thirty (30) calendar days after receiving such notice; 

  
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	 	(B)	willful misconduct by Executive that, in the reasonable determination of the Board, has caused or is likely to cause material injury to the reputation or business of the Company; 

 

	 	(C)	any criminal act of fraud, material misappropriation or other material dishonesty by Executive; or 

  

	 	(D)	Executive’s conviction of a felony, but specifically excluding any conviction based on vicarious liability (with “vicarious liability” meaning liability based on acts of the Company for which Executive is
charged solely as a result of his service with the Company and in which he was not directly involved and did not have prior knowledge of such actions or intended actions); 

Executive shall be considered to have been discharged for Cause if the Company determines within thirty (30) calendar days after his
resignation or discharge that discharge for Cause was warranted. In the event of termination for Cause, the Company shall be obligated to pay Executive only Executive’s salary up to the date of termination and any earned but unpaid bonus with
respect to any calendar year ended prior to the date of termination. 
 For purposes of this Agreement, no act or failure to act on
Executive’s part shall be considered “willful” unless it is done, or omitted to be done, by him in bad faith or without reasonable belief that his action or omission was in the best interests of the Company or a Subsidiary. Any act or
failure to act based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company or a Subsidiary shall be conclusively presumed to be done, or omitted to be done, in good faith and in
the best interests of the Company or a Subsidiary. 
 In the case of a discharge of Executive for Cause, the Company shall provide a Notice
of Termination, which shall include a copy of a resolution duly adopted by the Board at a meeting called and held for such purpose (after reasonable notice to Executive and reasonable opportunity 

  
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for Executive, together with Executive’s counsel, to be heard before the Board prior to such vote), finding that, in the reasonable and good faith opinion of the Board, Executive was guilty
of conduct constituting Cause. 
  

	 	(ii)	Termination Without Cause. Notwithstanding anything contained herein to the contrary, the Company also may terminate this Agreement and Executive’s employment hereunder for reason other than death,
Disability, or Cause upon no less than sixty (60) calendar days’ prior written notice to Executive. The Company shall be deemed to have terminated this Agreement without Cause in the event that this Agreement is terminated as a result of
the Company’s giving notice of non-renewal prior to the end of the Initial Term or any Additional term as provided in Section 2 above. 

  

	 	(d)	Termination by Executive Without Good Reason. Executive may terminate this Agreement and his employment hereunder for any reason whatsoever, upon no less than sixty (60) calendar days’ prior written
notice to the Company. 

  

	 	(e)	Termination by Executive For Good Reason. If Executive resigns for Good Reason, then Executive’s termination shall be treated as a termination by the Company without Cause pursuant to Section 5(c)(ii)
hereof. As used herein, a resignation for “Good Reason” shall mean a resignation by Executive within ninety (90) calendar days following the initial existence of one or more of the following conditions arising without Executive’s
consent: 

  

	 	(i)	a material reduction in Executive’s Annual Salary; 

  

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

  

	 	(iii)	a relocation of Executive’s principal place of employment by more than fifty (50) miles from its location at the Effective Date of this Agreement; or 

 

	 	(iv)	any other action or inaction that constitutes a material breach by the Company of this Agreement; 

provided, however, that Good Reason shall not exist unless Executive has provided the Company with a written notice setting forth the reason(s)
for the existence of Good Reason within ninety (90) calendar days of the initial existence of the condition(s), and the Company has not cured the reason(s) for the existence of Good Reason within thirty (30) calendar days after receiving
such notice. 
  

	 	(f)	Payments Upon Termination. 

  

	 	(i)	Termination of Employment for any Reason: The following payments will be made upon Executive’s termination of employment for any reason: 

 

	 	(A)	Earned but unpaid Annual Salary through the date of termination. 

  

	 	(B)	Bonus and all other forms of incentive compensation earned but unpaid at the time of termination for which the performance measurement period has ended and the performance goals attained (if applicable).

  
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	 	(C)	Accrued but unpaid vacation. 

  

	 	(D)	Amounts payable under any of the Company’s employee benefit plans in accordance with the terms of those plans. 

  

	 	(E)	Unreimbursed expenses incurred by Executive on the Company’s behalf. 

  

	 	(ii)	Termination by Company without Cause or by Executive for Good Reason. In the event that the Company terminates this Agreement without Cause or Executive terminates this Agreement for Good Reason, Executive shall
be entitled to receive (x) a lump sum severance payment equal to two hundred percent (200%) of the sum of Executive’s Annual Salary at the time of termination (or, if greater, Annual Salary prior to the occurrence of Good Reason) plus
Executive’s Average Annual Bonus, and (y) reimbursement of the full cost for the continuation of Company-provided group health plan coverage for Executive and his eligible dependents (“COBRA coverage”), if Executive elects COBRA
coverage, for eighteen (18) months following the employment termination (together, the “Severance Benefits”). 

  

	 	(A)	If the Company is obligated by law (including the WARN Act or any similar state or foreign law) to pay Executive severance pay, a termination indemnity, notice pay, or the like, then the amount of such legally required
pay shall reduce the Severance Benefits hereunder. 

  

	 	(B)	For purposes of this Agreement, “Average Annual Bonus” means the average bonus for the three (3) fiscal years preceding the termination of employment. 

 

	 	(iii)	Termination Due to Disability. In the event that Executive employment terminates due to his Disability, the Company shall continue paying Executive’s Base Salary until the third anniversary of such
termination; provided that, the payments made by the Company under this paragraph shall be reduced, dollar-for-dollar, by the payment made to Executive under any long-term disability plan, policy or program provided or contributed to by the Company.

  

	 	(iv)	Nonduplication of Benefits. If Executive receives the Severance Benefits under this Section 5, he shall not be entitled to also receive the Change in Control Compensation under Section 6 hereof.

  

	 	(g)	 Release. Notwithstanding any other provision of this Agreement to the contrary, Executive acknowledges and agrees that payment of any Severance
Benefit or Change in Control Compensation to which Executive is entitled under this 

  
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Agreement is conditioned upon and subject to Executive’s execution and delivery to the Company of an original, signed general waiver and release of claims of Executive occurring up to the
release date, in a form substantially the same as attached hereto as Exhibit A (the “Release”). The Company shall deliver the Release to Executive within ten (10) calendar days of the date Executive’s employment terminates and
Executive must deliver to the Company and not revoke an executed and enforceable Release no later than sixty (60) calendar days after the date Executive’s employment terminates (the “Release Deadline”). Payment of the amounts
described in Sections 5 and 6 shall commence no earlier than the date on which Executive delivers to the Company and does not revoke an executed and enforceable release as described herein. Payment of any severance or benefits that are not exempt
from Code Section 409A shall be delayed until the Release Deadline, irrespective of when Executive executes the Release; provided, however, that where Executive’s termination of employment and the Release Deadline occur within the same
calendar year, the payment may be made up to thirty (30) calendar days prior to the Release Deadline, and provided further that where Executive’s termination of employment and the Release Deadline occur in two separate calendar years,
payment may not be made before the later of January 1 of the second year or the date that is thirty (30) calendar days prior to the Release Deadline. 

  

	6.	Change in Control. 

  

	 	(a)	Change in Control Severance Compensation. If within twenty-four (24) months following a Change in Control (as defined below) Executive’s employment with the Company is terminated by the Company without
Cause or Executive resigns for Good Reason, then Executive shall be entitled to receive from the Company (x) a lump sum cash severance payment equal to three hundred percent (300%) of the sum of Executive’s Annual Salary (or, if
greater, Annual Salary prior to the occurrence of Good Reason) plus Executive’s Average Annual Bonus, and (y) reimbursement for COBRA coverage, if Executive elects COBRA coverage, for eighteen (18) months following the employment
termination (together, the “Change in Control Compensation”). Subject to Section 10 hereof, the cash portion of the Change in Control Compensation shall be payable in a single lump sum payment sum within ten (10) calendar days
following the date of termination. Executive shall be entitled to the Change in Control Compensation if, within six (6) months prior to the Change in Control, at the request or direction of a participant in a potential acquisition, the Company
terminates Executive’s employment without Cause or causes a condition constituting Good Reason. 

  

	 	(b)	Change in Control. For purposes of this Agreement, “Change in Control” shall have the meaning given to such term in the Patriot National, Inc. 2014 Omnibus Incentive Plan, as amended from time to time,
or any successor plan thereto. 

  

	 	(c)	Nonduplication of Benefits. If Executive receives the Change in Control Compensation under this Section 6, he shall not be entitled to also receive the Severance Benefits under Section 5(c)(ii) or 5(e)
hereof. 

  
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	 	(d)	General Release. Notwithstanding anything herein to the contrary, the payment of any Change in Control Compensation hereunder to Executive shall be subject to the execution by Executive and delivery to the
Company of a general release of the Company and its affiliates of any and all claims under this Agreement or related to or arising out of Executive’s employment hereunder in accordance with Section 5(g). 

 

	7.	Tax and Other Restrictions. Notwithstanding anything herein to the contrary: 

  

	 	(a)	Excess Parachute Payments. In the event that any amount or benefits made or provided to Executive above and under all other plans and programs of the Company (the “Covered Payments”) is determined to
constitute a Parachute Payment, as such term is defined in Code Section 280G(b)(2), the Company shall pay to Executive either (i) the full amount of such Covered Payments or (ii) such lesser amount (beginning with those amounts that
are exempt from Section 409A and then from amounts that are subject to Section 409A, beginning with such amounts scheduled to be paid furthest from the first date of payments) as would result in no portion of the Covered Payments being
subject to the excise tax under Code Section 4999 (“Excise Tax”), whichever of the foregoing amounts, taking into account the applicable federal, state and local employment taxes, income taxes and the Excise Tax, results in
Executive’s receipt, on an after-tax basis, of the greater amount of the Covered Payments, notwithstanding that all or some portion of the Covered Payments may be subject to the Excise Tax. 

 

	 	(b)	Procedure for Determinations. All determinations required to be made under this Section 7 and the assumptions to be utilized in arriving at such determinations, shall be made by the independent public
accountants then regularly retained by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and Executive within fifteen (15) business days of the receipt of notice from the
Company or Executive that there have been Covered Payments, or such earlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change of
Control, the Company shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder) in consultation with counsel acceptable
to Executive. All fees and expenses of the Accounting Firm and such counsel shall be borne solely by the Company. 

  

	 	(c)	 Internal Revenue Service Claims. In the event that upon any audit by the Internal Revenue Service, or by a state or local taxing authority, of
the Covered Payments, a change is formally determined to be required in the amount of taxes paid by Executive, appropriate adjustments will be made under this Agreement such that the net amount that is payable to Executive after taking into account
the provisions of Code Section 4999 will reflect the intent of the parties as expressed in this Section. Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require payment of an
Excise 

  
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Tax or an additional Excise Tax on the Covered Payments (a “Claim”). Such notification shall be given as soon as practicable but no later than ten (10) business days after
Executive is informed in writing of such Claim and shall apprise the Company of the nature of such Claim and the date on which such Claim is requested to be paid. Executive shall not pay such Claim prior to the expiration of the thirty (30)-day
period following the date on which she gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such Claim is due). If the Company notifies Executive in writing prior to the expiration of
such period that it desires to contest such Claim, Executive shall: 

  

	 	(i)	give the Company any information reasonably requested by the Company relating to such Claim, 

  

	 	(ii)	take such action in connection with contesting such Claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such Claim by
an attorney reasonably selected by the Company, 

  

	 	(iii)	cooperate with the Company in good faith in order effectively to contest such Claim, and 

  

	 	(iv)	permit the Company to participate in any proceedings relating to such Claim; 

 provided,
however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold Executive harmless, on an after-tax basis, for any
Excise Tax, additional Excise Tax, or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this
subparagraph (c), the Company, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such Claim and may, at its sole option, either direct Executive
to pay the tax claimed and sue for a refund or contest the Claim in any permissible manner, and Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one
(1) or more appellate courts, as the Company shall determine, provided, however, that if the Company directs Executive to pay such Claim and sue for a refund, the Company shall pay the amount of such payment to Executive as additional
compensation, and shall indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax, additional Excise Tax, or income tax (including interest or penalties with respect thereto) imposed with respect to such additional
compensation; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of Executive with respect to which such contested amount is claimed to be due is limited solely to such contested
amount. The Company shall reimburse any fees and expenses provided for under this Section 9 on or before the last day of Executive’s taxable 

  
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year following the taxable year in which the fee or expense was incurred, and in accordance with the other requirements of Code Section 409A and Treasury Regulation §1.409A-3(i)(1)(v)
(or any similar or successor provisions). 
  

	 	(d)	Refund. If, after the receipt by Executive of an amount paid by the Company pursuant to Subparagraph (c), Executive becomes entitled to receive any refund with respect to such Claim, Executive shall (subject to
the Company’s complying with the requirements of subparagraph (c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). 

 

	8.	Covenants of Executive and the Company. 

  

	 	(a)	Nonsolicitation. During the Employment Term and for a period of two years thereafter, Executive shall not, directly or indirectly, (i) employ, solicit for employment or otherwise contract for the services of
any individual who is or was an employee of the Company or any of its Subsidiaries during the Employment Term; (ii) otherwise induce or attempt to induce any employee of the Company or its Subsidiaries to leave the employ of the Company or such
Subsidiary, or in any way knowingly interfere with the relationship between the Company or any such Subsidiary and any employee respectively thereof, provided, however, that this clause (ii) shall not prohibit the activities described in the
preceding clause (i) following termination of the Employment Term with respect to any individual who was not an employee of the Company or its Subsidiaries during the Employment Term; or (iii) induce or attempt to induce any customer,
supplier, broker, agent, licensee or other business relation of the Company or any Subsidiary of the Company to cease doing business with the Company or such Subsidiary, or interfere in any way with the relationship between any such customer,
supplier, broker, agent, licensee or business relation and the Company or any subsidiary thereof. 

  

	 	(b)	 Nondisclosure. For the Employment Term and thereafter, (i) Executive shall not divulge, transmit or otherwise disclose (except as legally
compelled by court order, and then only to the extent required, after prompt notice to the Company’s Chief Executive Officer and Chief Legal Officer of any such order), directly or indirectly, other than in the regular and proper course of
business of the Company and its Subsidiaries, any confidential knowledge or information with respect to the operations or finances of the Company or any of its Subsidiaries or with respect to confidential or secret processes, methods, services,
techniques, reinsurance arrangements, customers or plans with respect to the Company or its Subsidiaries and (ii) Executive will not use, directly or indirectly, any confidential information for the benefit of anyone other than the Company and
its Subsidiaries; provided, however, that Executive has no obligation, express or implied, to refrain from using or disclosing to others any knowledge or information which is or hereafter shall become available to the general public other than
through disclosure by Executive, or as requested by regulatory bodies or as required by judicial courts. All new processes, techniques, know-how, methods, inventions, plans, products,

  
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patents and devices developed, made or invented by Executive, alone or with others, while an employee of the Company which are related to the business of the Company and its Subsidiaries shall be
and become the sole property of the Company, unless released in writing by the Board, and Executive hereby assigns any and all rights therein or thereto to the Company. 

 

	 	(c)	Nondisparagement. During the Employment Term and thereafter, Executive shall not take any action to disparage or criticize the Company or its Subsidiaries or their respective employees, directors, owners
or customers or to engage in any other action that injures or hinders the business relationships of the Company or its Subsidiaries. During the Employment Term and thereafter, the Company shall not take any action to disparage or criticize Executive
to any third parties. Nothing contained in this Section 8(c) shall preclude either Executive or the Company from (i) making truthful statements or disclosures that are required by applicable law, regulation or legal process or
(ii) enforcing their respective rights under this Agreement. 

  

	 	(d)	Noncompetition. In consideration of the payment to Executive of the Severance payments pursuant to Section 5(f)(ii) or 5(e) or Change in Control Compensation pursuant to Section 6, Executive hereby
agrees that, from and after the Termination Date, and for two (2) years thereafter, Executive shall not participate as a partner, joint venturer, proprietor, shareholder, employee or consultant, or have any other direct or indirect financial
interest (other than a less than 10% interest in a corporation whose shares are regularly traded on a national securities exchange or in the over-the-counter market), including, without limitation, the interest of a creditor in any form, in, or in
connection with, any business competing directly or indirectly with the business of the Company and its Subsidiaries in any geographic area where the Company and its Subsidiaries are actively engaged in conducting business as of the Termination
Date; provided that, for the avoidance of doubt, and notwithstanding anything to the contrary herein or in the Employment Agreement, during the Employment Term and for a period of two years thereafter neither Executive nor any of his non-Loan Party
Affiliates or Subsidiaries (each as defined in the Credit Agreement) shall purchase, hold or acquire (including pursuant to any merger with any Person (as defined in the Credit Agreement)) any Equity Interests (as defined in the Credit Agreement)
(other than a less than two percent (2%) interest in any corporation competing directly or indirectly with the business of the Company and its Subsidiaries or the Loan Parties and their Subsidiaries whose shares are regularly traded on a
national securities exchange or in the over-the-counter market) in any business competing directly or indirectly with the business of the Company and its Subsidiaries or the Loan Parties and their Subsidiaries. 

 

	 	(e)	 Return of Company Property. All files, records, correspondence, memoranda, notes or other documents (including, without limitation, those in
computer-readable form) or property relating or belonging to the Company or its Subsidiaries or affiliates, whether prepared by Executive or otherwise coming into Executive’s possession in the course of the performance of his services under
this 

  
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Agreement, shall be the exclusive property of the Company and shall be delivered to the Company, and not retained by Executive (including without limitations, any copies thereof), promptly upon
request by the Company and, in any event, within sixty (60) calendar days following the Termination Date. 

  

	 	(f)	Scope. The Company and Executive further acknowledge that the time, scope, geographic area and other provisions of this Section 8 have been specifically negotiated by sophisticated commercial parties and
agree that all such provisions are reasonable under the circumstances of the activities contemplated by this Agreement. In the event that the agreements in this Section 8 shall be determined by any court of competent jurisdiction to be
unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any other respect, they shall be interpreted to extend only over the maximum geographical
area as to which they may be enforceable and/or to the maximum extent in all other respect as to which they may be enforceable, all as determined by such court in such action. 

 

	 	(g)	Enforcement. Both parties recognize that the services to be rendered under this Agreement by Executive are special, unique and of extraordinary character and that in the event of the breach by Executive or the
Company of any of the terms and conditions of this Section 8 to be performed by each party, then the Company or Executive shall be entitled, if it so elects, to institute and prosecute proceedings in any court of competent jurisdiction, either
in law or in equity, to obtain damages for any breach hereof, or to enforce the specific performance hereof by Executive or the Company or to enjoin Executive or the Company from performing acts prohibited above during the period herein covered, but
nothing herein contained shall be construed to prevent such other remedy in the courts as the Company or Executive may elect to invoke. 

  

	 	(h)	Other. If Executive competes with the Company or otherwise violates any of the restrictions contained in this Section 8, the Company shall have no obligation to pay the Severance Payment or Change of
Control Compensation or any remaining installment thereof to Executive. 

  

	9.	 Indemnification and Insurance. The Company shall provide Executive (including Executive’s heirs, executors and administrators), at the
Company’s expense, with coverage under a standard directors’ and officers’ liability insurance policy, and shall indemnify Executive (and Executive’s heirs, executors and administrators) to the fullest extent permitted under
Delaware law against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit or proceeding in which Executive may be involved by reason of Executive’s having been a director or officer
of the Company (whether or not Executive continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees
and the cost of reasonable settlements. The Company shall cover Executive under directors and officers’ liability insurance both during and, while potential liability exists, after the term of this Agreement in the same amount and to the same
extent as the Company covers its other officers and directors. In the event the referenced D&O liability policy is a “wasting” 

  
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policy in that defense and litigation costs reduce the amount of insurance available for indemnification purposes, the Company agrees to provide Executive with full and complete indemnification
beyond the coverage limit offered by the D&O policy. 

  

	10.	Application of Code Section 409A. 

  

	 	(a)	General. To the extent applicable, it is intended that this Agreement comply with the provisions of Code Section 409A, so as to prevent inclusion in gross income of any amounts payable or benefits provided
hereunder in a taxable year that is prior to the taxable year or years in which such amounts or benefits would otherwise actually be distributed, provided or otherwise made available to Executive. This Agreement shall be construed, administered, and
governed in a manner consistent with this intent and the following provisions of this Section shall control over any contrary provisions of this Agreement. 

  

	 	(b)	Restrictions on Specified Employees. In the event Executive is a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i) and delayed payment of any amount or commencement of any
benefit under this Agreement is required to avoid a prohibited distribution under Code Section 409A(a)(2), then amounts payable in connection with Executive’s termination of employment will be delayed and paid, with interest at the short
term applicable federal rate as in effect as of the termination date, in a single lump sum six months thereafter (or if earlier, the date of Executive’s death); provided, however, that payments to which Executive is entitled under
Section 5(f)(ii) and 6(a) of this Agreement need not be delayed under this Section 10(b) to the extent those payments would comply with the requirements of Treas. Reg. §1.409A-1(a)(b)(9), which generally requires that such payments
not exceed two times the lesser of (1) Executive’s annualized compensation based on his annual rate of pay in the year before the date of termination or (2) the Code Section 401(a)(17) limit applicable to qualified plans during
the year of Executive’s date of termination, or would otherwise be payable without delay without violating Section 409A. 

  

	 	(c)	Separation from Service. Payments and benefits hereunder upon Executive’s termination or severance of employment with the Company that constitute deferred compensation under Code Section 409A payable
shall be paid or provided only at the time of a termination of Executive’s employment which constitutes a “separation from service” within the meaning of Code Section 409A (subject to a possible six-month delay pursuant to the
subsection (b) above). 

  

	 	(d)	Separate Payments. For purposes of Code Section 409A, each payment under this Agreement shall be treated as a right to a separate payment for purposes of Code Section 409A. 

 

	 	(e)	 Reimbursements. All reimbursements and in kind benefits provided under this Agreement, including, but not limited to, payments under Sections
4(d) and 9, shall be made or provided in accordance with the requirements of Code Section 409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during Executive’s lifetime (or during a
shorter period of 

  
 13 

	 	
time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for
reimbursement, or in kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred, and
(iv) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. 

  

	 	(f)	References to Code Section 409A. References in this Agreement to Code Section 409A include both that section of the Code itself and any guidance promulgated thereunder. 

 

	11.	Miscellaneous. 

  

	 	(a)	Modification. This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. 

  

	 	(b)	Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the
party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a
waiver of such term or condition for the future as to any act other than that specifically waived. 

  

	 	(c)	Notices. Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and if sent by registered or certified mail to Executive or the Company at the address set forth below
or to such other address as they shall notify each other in writing: 

 If to the Company: 

Patriot National, Inc. 
 401
East Las Olas Boulevard, Suite 1540 
 Fort Lauderdale, Florida 33301 

If to Executive: 
 To the last
mailing address on file with the Company. 
  

	 	(d)	Assignment. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and permitted assigns and Executive and personal representatives, heirs, legatees and beneficiaries.
This Agreement may be assigned by the Company with the consent of Executive to a fiscally responsible entity that assumes the obligations set forth herein, but shall not be assignable by Executive. 

 

	 	(e)	 Applicable Law. This Agreement shall be construed in accordance with the laws of the State of Florida in every respect, including, without
limitation, validity, 

  
 14 

	 	
interpretation and performance. Any dispute between the parties hereto, arising under or relating to this Agreement or Executive’s employment with the Company, other than for an action by
the Company for specific performance, injunction or other equitable remedy to enforce Section 7 hereof shall be settled by an arbitration administered by a single arbitrator in Fort Lauderdale, Florida. The arbitrator shall be selected upon
mutual agreement of Executive and Company. In the event the parties cannot agree on a single mediator, each party select one arbitrator and these two arbitrators will select the third arbitrator who will act as the final arbitrator in the
arbitration proceedings. Discovery, motion practice, and other administrative matters attendant to the litigation shall be conducted pursuant to the then prevailing discovery and motion rules in the US District Court for the Southern District of
Florida and as interpreted by the relevant case law. The prevailing party in any such arbitration may be awarded attorneys’ fees and expenses and judgment upon the award rendered may be entered in any court having jurisdiction thereof.

  

	 	(f)	Headings. Section headings and numbers herein are included for convenience of reference only and this Agreement is not to be construed with reference thereto. If there be any conflict between such numbers
and headings and the text hereof, the text shall control. 

  

	 	(g)	Severability. If for any reason any portion of this Agreement shall be held invalid or unenforceable, it is agreed that the same shall not affect the validity or enforceability of the remainder hereof. The
portion of the Agreement which is not invalid or unenforceable shall be considered enforceable and binding on the parties and the invalid or unenforceable provision(s), clause(s) or sentence(s) shall be deemed excised, modified or restricted to the
extent necessary to render the same valid and enforceable and this Agreement shall be construed as if such invalid or unenforceable provision(s), clause(s), or sentences(s) were omitted. The provisions of this Section 11(g), as well as Sections
8 and 9 hereof, shall survive the termination of this Agreement. 

  

	 	(h)	Entire Agreement. This Agreement contains the entire agreement of the parties with respect to its subject matter and supersedes all previous agreements between the parties. No officer, employee, or representative
of the Company has any authority to make any representation or promise in connection with this Agreement or the subject matter thereof that is not contained therein, and Executive represents and warrants he has not executed this Agreement in
reliance upon any such representation or promise. No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto. 

  

	 	(i)	Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by the breaching party.

  
 15 

	 	(j)	Compensation Recovery Policy. Notwithstanding any provision in this Agreement to the contrary, payments under this Agreement will be subject to any Compensation Recovery Policy established by the Company and
amended from time to time. 

  

	 	(k)	No Mitigation. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement,
and such amounts shall not be reduced whether or not Executive obtains other employment. 

  

	 	(l)	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one agreement. 

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer and Executive has signed this
Agreement all on the day and year first above written. 
  

									
	PATRIOT NATIONAL, INC.	 		 		 	EXECUTIVE
	a Delaware corporation	 		 		 	
					
	By:	 	 /s/ Christopher A. Pesch
	 		 		 	 /s/ Steven Mariano

	Title:	 	 Executive Vice President & General Counsel
	 		 		 	

  
 16 

 Exhibit A to Executive Employment Agreement 

RELEASE AGREEMENT 

THIS RELEASE AGREEMENT is made and entered into this      day of         ,
         by and between Patriot National, Inc. and its subsidiaries (collectively the “Company”) and
                (hereinafter “Executive”). 

Executive’s employment with Company terminated on             ,
                    ; and Executive has voluntarily agreed to the terms of this RELEASE AGREEMENT in exchange for severance benefits under the
Employment Agreement (“Employment Agreement”) to which Executive otherwise would not be entitled. 
 NOW THEREFORE, in
consideration for severance benefits provided under the Employment Agreement, Executive on behalf of himself and his spouse, heirs, executors, administrators, children, and assigns does hereby fully release and discharge Company, its officers,
directors, employees, agents, subsidiaries and divisions, benefit plans and their administrators, fiduciaries and insurers, successors, and assigns from any and all claims or demands for wages, back pay, front pay, attorney’s fees and other
sums of money, insurance, benefits, contracts, controversies, agreements, promises, damages, costs, actions or causes of action and liabilities of any kind or character whatsoever, whether known or unknown, from the beginning of time to the date of
these presents, relating to his employment or termination of employment from Company, including but not limited to any claims, actions or causes of action arising under the statutory, common law or other rules, orders or regulations of the United
States or any State or political subdivision thereof including the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act. 

The Company represents that it is not presently aware of any cause of action that it or any of the other Company have against Executive as of
the date hereof. The Company acknowledges that this Release granted by Executive will be null and void in the event the Company subsequently brings a cause of action against Executive. 

Executive acknowledges that Executive’s obligations under Section 9 of the Employment Agreement shall continue to apply to
Executive. 
 This Release Agreement supersedes any and all other agreements between Executive and Company except agreements relating to
proprietary or confidential information belonging to Company and indemnification by the Company. This release does not affect Executive’s right to any benefits to which Executive may be entitled under any employee benefit plan, program or
arrangement sponsored or provided by Company, including but not limited to the Employment Agreement and the plans, programs and arrangements referred to therein. 

Executive and Company acknowledge that it is their mutual intent that the Age Discrimination in Employment Act waiver contained herein fully
comply with the Older Workers Benefit Protection Act. Accordingly, Executive acknowledges and agrees that: 
 (a) The
Severance benefits exceed the nature and scope of that to which he would otherwise have been legally entitled to receive. 

 (b) Execution of this Agreement and the Age Discrimination in Employment Act
waiver herein is his knowing and voluntary act; 
 (c) He has been advised by Company to consult with his personal attorney
regarding the terms of this Agreement, including the aforementioned waiver; 
 (d) He has had at least twenty-one
(21) calendar days within which to consider this Agreement; 
 (e) He has the right to revoke this Agreement in full
within seven (7) calendar days of execution and that none of the terms and provisions of this Agreement shall become effective or be enforceable until such revocation period has expired; 

(f) He has read and fully understands the terms of this Agreement; and 

(g) Nothing contained in this Agreement purports to release any of Executive’s rights or claims under the Age
Discrimination in Employment Act that may arise after the date of execution. 
 IN WITNESS WHEREOF, the parties have executed this Agreement
on the date indicated above. 
  

									
	PATRIOT NATIONAL, INC.	 		 		 	EXECUTIVE
	a Delaware corporation	 		 		 	
					
	By:	 	  
	 		 		 	  

	Title:EX-10.15

 Exhibit 10.15 

EXECUTIVE EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 5th day of January 2015 (the “Effective Date”), by and between Patriot National, Inc., a Delaware corporation (the “Company”), and Thomas Shields (the
“Executive”). 
 W I T N E S S E T H : 

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

Section 1. Definitions. Capitalized terms not otherwise defined in this Agreement shall have the meaning set forth on Appendix
A, attached hereto. 
 Section 2. Acceptance and Term of Employment. 

The Company agrees to employ Executive, and Executive agrees to serve the Company, on the terms and conditions set forth herein. The Term of
Employment shall be deemed to have commenced on September 8th, 2014 and shall continue until terminated as provided in Section 7 hereof. 

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

(a) Position, Duties, and Responsibilities. During the Term of Employment, Executive shall be employed and serve as the Executive Vice
President & Chief Financial Officer of the Company (together with such other position or positions consistent with Executive’s title as the Board shall specify from time to time) and shall have such duties and responsibilities
commensurate with such title. Executive also agrees to serve as an officer and/or director of any other member of the Company Group, in each case without additional compensation. 

(b) Performance. Executive shall devote his full business time, attention, skill, and best efforts to the performance of his duties
under this Agreement and shall not engage in any other business or occupation during the Term of Employment, including, without limitation, any activity that (x) conflicts with the interests of the Company or any other member of the Company
Group, (y) interferes with the proper and efficient performance of Executive’s duties for the Company, or (z) interferes with Executive’s exercise of judgment in the Company’s best interests. Notwithstanding the foregoing,
nothing herein shall preclude Executive from (i) serving, with the prior written consent of the Board, as a member of the boards of directors or advisory boards (or their equivalents in the case of a non-corporate entity) of non-competing
businesses and charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal investments and affairs; provided, 

 
however, that the activities set out in clauses (i), (ii), and (iii) shall be limited by Executive so as not to materially interfere, individually or in the aggregate, with the
performance of his duties and responsibilities hereunder. 
 (c) Principal Place of Employment. Executive’s principal place of
employment shall be in Fort Lauderdale, Florida, although Executive understands and agrees that he may be required to travel from time to time for business reasons. 

Section 4. Compensation. 

During the Term of Employment, Executive shall be entitled to the following compensation: 

(a) Base Salary. Executive shall be paid an annualized Base Salary, payable in accordance with the regular payroll practices of the
Company, of not less than $395,000, with increases, if any, as may be approved in writing by the Compensation Committee. 
 (b) Annual
Bonus. Commencing with the Company’s 2015 fiscal year, Executive shall be eligible to participate in the annual bonus plan adopted by the Company from time to time (the “Annual Bonus Plan”), pursuant to which he shall be
eligible to receive an annual incentive bonus award in respect of such fiscal year, and each subsequent year during the Term of Employment (the “Annual Bonus”). The target Annual Bonus for each such fiscal year (the
“Target Annual Bonus”) shall be not less than 100% of annual Base Salary, with the actual Annual Bonus payable under the Annual Bonus Plan being based upon the level of achievement of annual Company and individual performance
objectives for such fiscal year, as established by the Compensation Committee and communicated to Executive. The Annual Bonus shall otherwise be subject to the terms and conditions of the Annual Bonus Plan. With respect to the Company’s 2014
fiscal year, Executive shall receive a bonus equal to no less than $130,000 (the “2014 Bonus”), with the actual amount of the 2014 Bonus determined by the Company, based on Executive’s performance. The Annual Bonus and the 2014
Bonus shall be paid to Executive at the same time as annual bonuses are generally payable to other senior executives of the Company subject to Executive’s continuous employment through the applicable payment date. 

(c) Equity Awards. In consideration of Executive entering into this Agreement and as an inducement to join the Company, the Company
will grant the following equity awards to Executive (i) 70,588 restricted shares of the Company’s common stock and (ii) 141,176 stock options (together with the restricted shares, the “IPO Grant”), in each case,
vesting one-third (1/3) annually over a three (3) year vesting period commencing on the date of grant subject to Executive’s continued employment and subject to the terms of the Omnibus Plan and the applicable Award agreements as
approved by the Compensation Committee or the Board. The stock options will have an exercise price equal to Company’s IPO price (which represents the fair market value of one share of common stock of the Company on the date of grant). During
the Employment Term, Executive shall be eligible to participate in, and receive Awards, under the Omnibus Plan, or any successor plan thereto, on the same basis and subject to the same terms and conditions as the Awards that are generally granted to
other executive officers of the Company; provided that all amounts, terms and conditions applicable to such Awards shall be determined by the Compensation Committee, in its sole discretion. 

  
 -2- 

 (d) Automobile Allowance. During the Term of Employment, the Company shall pay or provide
the Executive a monthly automobile allowance of $1,000 per month, payable on the first pay period of every month. 
 (e) Relocation
Expenses. During the Term of Employment, the Company shall pay eight (8) months’ rent on a mutually agreeable corporate apartment to be used by Executive and Executive’s family. 

(f) Signing Bonus. Executive shall receive a one-time signing bonus of $50,000, payable during the first pay period of Executive’s
full-time employment. 
 Section 5. Employee Benefits. 

During the Term of Employment, Executive shall be entitled to participate in health, insurance, retirement, annual leave and time-off, and
other benefits provided generally to other executive officers of the Company, as such plans, policies and arrangements may exist from time to time. Executive shall also be entitled to twenty (20) vacation days per year (which shall be pro-rated
for the year in which Executive commenced employment with the Company), holidays and sick days, as well as any other benefits, in each case, as are generally allowed to other executive officers of the Company and in accordance with the Company
policy as in effect from time to time. Nothing contained herein shall be construed to limit the Company’s ability to amend, suspend, or terminate any employee benefit plan or policy at any time without providing Executive notice, and the right
to do so is expressly reserved. 
 Section 6. Reimbursement of Business Expenses. 

Executive is authorized to incur reasonable business expenses in carrying out his duties and responsibilities under this Agreement, and the
Company shall promptly reimburse him for all such reasonable business expenses, subject to documentation in accordance with the Company’s policy, as in effect from time to time. 

Section 7. Termination of Employment. 

(a) General. The Term of Employment shall terminate earlier than as provided in Section 2 hereof upon the earliest to occur of
(i) Executive’s death, (ii) a termination by reason of a Disability, (iii) a termination by the Company with or without Cause, and (iv) a termination by Executive with or without Good Reason. Upon any termination of
Executive’s employment for any reason, except as may otherwise be requested by the Company in writing and agreed upon in writing by Executive, Executive shall resign from any and all directorships, committee memberships, and any other positions
Executive holds with the Company or any other member of the Company Group. Notwithstanding anything herein to the contrary, the payment (or commencement of a series of payments) hereunder of any nonqualified deferred compensation (within the meaning
of Section 409A of the Code) upon a termination of employment shall be delayed until such time as Executive has also undergone a “separation from service” as defined in Treas. Reg. 1.409A-1(h), at which time such nonqualified
deferred compensation (calculated as of the date of Executive’s termination of employment hereunder) shall be paid (or commence to be paid) to Executive on the schedule set forth in this Section 7 as if Executive had undergone such
termination of employment (under the same circumstances) on the date of his ultimate “separation from service.” 

  
 -3- 

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

(i) The Accrued Obligations (including, for the avoidance of doubt, any death benefits or disability benefits, as the case may
be, under any death benefit program or disability benefit program maintained by the Company that covers the Executive); 

(ii) Any unpaid Annual Bonus in respect of any completed fiscal year that has ended prior to the date of such termination,
which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than the date that is 2 1⁄2
months following the last day of the fiscal year in which such termination occurred (the “Prior Year Bonus”); 

(iii) Subject to satisfaction of the applicable performance objectives applicable under the Annual Bonus Plan for the fiscal
year in which such termination occurs, an amount equal to (A) the Annual Bonus that Executive would otherwise have been entitled to receive under the Annual Bonus Plan had no such termination occurred, multiplied by (B) a fraction, the
numerator of which is the number of days elapsed from the commencement of such fiscal year through the date of such termination and the denominator of which is 365 (the “Pro Rata Bonus”), which amount shall be paid at such time
annual bonuses are paid to other senior executives of the Company, but in no event later than the date that is 2 1⁄2 months following the last day of the
fiscal year in which such termination occurred; and 
 (iv) Subject to Executive’s election of COBRA continuation
coverage under the Company’s group health plan, payment, on the first regularly scheduled payroll date of each month during the 12 month period immediately following the date of Executive’s termination of employment, of an amount equal to
the difference between the monthly COBRA premium cost and the monthly contribution paid by active employees for the same coverage; provided, that the payments described in this clause (iv) shall cease earlier than the expiration of such
12 month period in the event that Executive becomes eligible to receive any health benefits as a result of subsequent employment or service or otherwise during such period. 

Following Executive’s death or a termination of Executive’s employment by reason of a Disability, except as set forth in this Section 7(b),
Executive shall have no further rights to any compensation or any other benefits under this Agreement. 

  
 -4- 

 (c) Termination by the Company for Cause. 

(i) The Company may terminate Executive’s employment at any time for Cause, effective upon Executive’s receipt of
written notice of such termination; provided, however, that with respect to any Cause termination relying on clause (A) of the definition of Cause, to the extent that such act or acts or failure or failures to act are curable,
Executive shall be given not less than thirty (30) days’ written notice by the Board of the Company’s intention to terminate him for Cause, such notice to state in detail the particular act or acts or failure or failures to act that
constitute the grounds on which the proposed termination for Cause is based, and such termination shall be effective at the expiration of such thirty (30) day notice period unless Executive has fully cured such act or acts or failure or
failures to act that give rise to Cause during such period. In connection with such termination of Executive’s employment for Cause, during such thirty (30) day notice period, the Executive shall be given an opportunity to be heard before
the Board, at such time and in such manner (whether in-person or telephonic) as determined by the Board in its sole discretion. 

(ii) In the event that the Company terminates Executive’s employment for Cause, he shall be entitled only to the Accrued
Obligations. Following such termination of Executive’s employment for Cause, except as set forth in this Section 7(c)(ii), Executive shall have no further rights to any compensation or any other benefits under this Agreement. 

(d) Termination by the Company without Cause. The Company may terminate Executive’s employment at any time without Cause,
effective upon Executive’s receipt of written notice of such termination. In the event that Executive’s employment is terminated by the Company without Cause (other than due to death or Disability), Executive shall be entitled to: 

(i) The Accrued Obligations; 

(ii) The Prior Year Bonus; 

(iii) The Pro Rata Bonus; 

(iv) An amount equal to the Severance Factor multiplied by the sum of (A) Base Salary, plus (B) the Target Annual
Bonus, such amount to be paid in substantially equal payments during the Severance Term, and payable in accordance with the Company’s regular payroll practices; provided, however, that for purposes of calculating the amount
payable under this subsection (iv), any reduction to Base Salary or Target Bonus which constituted the grounds for a termination by the Executive for Good Reason will be disregarded; and 

(v) Subject to Executive’s election of COBRA continuation coverage under the Company’s group health plan, payment, on
the first regularly scheduled payroll date of each month during the Severance Term, of an amount equal to the difference between the monthly COBRA premium cost and the monthly contribution paid by active employees for the same coverage;
provided, that the payments described in this clause (v) shall cease earlier than the expiration of the Severance Term in the event that Executive becomes eligible to receive any health benefits as a result of subsequent employment or
service during the Severance Term. 

  
 -5- 

 Notwithstanding the foregoing, the payments and benefits described in clauses (ii), (iii), (iv), and
(v) above shall immediately terminate, and the Company shall have no further obligations to Executive with respect thereto, in the event that Executive breaches any provision of the Non-Interference Agreement. Following such termination of
Executive’s employment by the Company without Cause, except as set forth in this Section 7(d), Executive shall have no further rights to any compensation or any other benefits under this Agreement. For the avoidance of doubt,
Executive’s sole and exclusive remedy upon a termination of employment by the Company without Cause shall be receipt of the Severance Benefits. 

(e) Termination by Executive with Good Reason. Executive may terminate his employment with Good Reason by providing the Company ten
(10) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event.
During such ten (10) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the expiration of such cure period, and Executive shall be
entitled to the same payments and benefits as provided in Section 8(d) hereof for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 7(d) hereof. Following such
termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 7(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement. For the avoidance of
doubt, Executive’s sole and exclusive remedy upon a termination of employment with Good Reason shall be receipt of the Severance Benefits. 

(f) Termination by Executive without Good Reason. Executive may terminate his employment without Good Reason by providing the Company
thirty (30) days’ written notice of such termination. In the event of a termination of employment by Executive under this Section 7(f), Executive shall be entitled only to the Accrued Obligations. In the event of termination of
Executive’s employment under this Section 7(f), the Company may, in its sole and absolute discretion, by written notice accelerate such date of termination without changing the characterization of such termination as a termination by
Executive without Good Reason. Following such termination of Executive’s employment by Executive without Good Reason, except as set forth in this Section 7(f), Executive shall have no further rights to any compensation or any other
benefits under this Agreement. 
 (g) Release. Notwithstanding any provision herein to the contrary, the payment of any amount or
provision of any benefit pursuant to subsection (d) or (e) of this Section 8 (other than the Accrued Obligations) (collectively, the “Severance Benefits”) shall be conditioned upon Executive’s execution, delivery
to the Company, and non-revocation of the Release of Claims (and the expiration of any revocation period contained in such Release of Claims) within sixty (60) days following the date of Executive’s termination of employment hereunder. If
Executive fails to execute the Release of Claims in such a timely manner so as to permit any revocation period to expire prior to the end of such sixty (60) day period, or timely revokes his acceptance of such release following its execution,
Executive shall not be entitled to 

  
 -6- 

 
any of the Severance Benefits. Further, to the extent that any of the Severance Benefits constitutes “nonqualified deferred compensation” for purposes of Section 409A of the Code,
any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the sixtieth (60th) day following the date of Executive’s termination of employment hereunder,
but for the condition on executing the Release of Claims as set forth herein, shall not be made until the first regularly scheduled payroll date following such sixtieth (60th) day, after
which any remaining Severance Benefits shall thereafter be provided to Executive according to the applicable schedule set forth herein. 

Section 8. Certain Payments. 

(a) In the event that any payment or benefit received or to be received by the Executive pursuant to this Agreement or otherwise
(“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this section, be
subject to the excise tax imposed by Section 4999 of the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of this Section 8, such
Payments shall be either (A) provided in full pursuant to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise
Tax (“Reduced Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or
penalties on such taxes), results in the receipt by the Executive, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments may be subject
to the Excise Tax. 
 (b) Unless the Company and the Executive otherwise agree in writing, any determination required under this
Section 8 shall be made by an independent advisor designated by the Company and reasonably acceptable to the Executive (“Independent Advisor”), whose determination shall be conclusive and binding upon the Executive and the
Company for all purposes. For purposes of making the calculations required under this Section, Independent Advisor may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code; provided that Independent Advisor shall assume that the Executive pays all taxes at the highest marginal rate. The Company and the Executive shall furnish to Independent Advisor such
information and documents as Independent Advisor may reasonably request in order to make a determination under this Section. The Company shall bear all costs that Independent Advisor may incur in connection with any calculations contemplated by this
Section. The reduction of the Payments payable hereunder, if applicable, shall be made by first reducing the cash payments under Section 7(d)(iv), second by reducing the Pro Rata Bonus and the Prior Year Bonus, third by reducing COBRA
reimbursement under Section 7(d)(v) and lastly by reducing any other Payments in a manner determined by the Company, in consultation with the Executive. 

(c) If, notwithstanding any reduction described in Section 8 (or in the absence of any such reduction), the Internal Revenue Service
(“IRS”) determines that the Executive is liable for the Excise Tax as a result of the receipt of one or more Payments, then the Executive 

  
 -7- 

 
shall be obligated to surrender or pay back to the Company, within 120 days after a final IRS determination, an amount of such payments or benefits equal to the “Repayment
Amount.” The Repayment Amount with respect to such Payments shall be the smallest such amount, if any, as shall be required to be surrendered or paid to the Company so that the Executive’s net proceeds with respect to such Payments
(after taking into account the payment of the excise tax imposed on such Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount with respect to such Payments shall be zero if a Repayment Amount of more than zero would not
eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by the Executive from the Payments. If the Excise Tax is not eliminated pursuant to this Section 8, the
Executive shall pay the Excise Tax. 
 Section 9. Non-Interference Agreement. 

As a condition of, and prior to commencement of, Executive’s employment with the Company, Executive shall have executed and delivered to
the Company the Non-Interference Agreement. 
 Section 10. Representations and Warranties of Executive. 

Executive represents and warrants to the Company that: 

(a) Executive is entering into this Agreement voluntarily and that his employment hereunder and compliance with the terms and conditions
hereof will not conflict with or result in the breach by him of any agreement to which he is a party or by which he may be bound; 
 (b)
Executive has not violated, and in connection with his employment with the Company will not violate, any non-solicitation, non-competition, or other similar covenant or agreement of a prior employer by which he is or may be bound; and 

(c) in connection with his employment with the Company, Executive will not use any confidential or proprietary information he may have
obtained in connection with employment with any prior employer. 
 Section 11. Taxes. 

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

Section 12. No Mitigation. 

Executive shall not be required to mitigate the amount of any payment provided pursuant to this Agreement by seeking other employment or
otherwise, and except as provided in 

  
 -8- 

 
Section 7(d)(iv) hereof, the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive’s other employment or
otherwise. 
 Section 13. Additional Section 409A Provisions. 

Notwithstanding any provision in this Agreement to the contrary— 

(a) Any payment otherwise required to be made hereunder to Executive at any date as a result of the termination of Executive’s employment
shall be delayed for such period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code (the “Delay Period”). On the first business day following the expiration of the Delay Period,
Executive shall be paid, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the payment
schedule set forth herein. 
 (b) Each payment in a series of payments hereunder shall be deemed to be a separate payment for purposes of
Section 409A of the Code. 
 (c) To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this
Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code), (i) any such expense reimbursement shall be made by the Company no later than the last day of the taxable year following the taxable
year in which such expense was incurred by Executive, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) the amount of expenses eligible for reimbursement or
in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to
expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect. 

(d) While the payments and benefits provided hereunder are intended to be structured in a manner to avoid the implication of any penalty taxes
under Section 409A of the Code, in no event whatsoever shall any member of the Company Group be liable for any additional tax, interest, or penalties that may be imposed on Executive as a result of Section 409A of the Code or any damages
for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A of the Code). If any provision of this Agreement (or of any award of
compensation, including equity compensation or benefits) would cause Executive to incur any additional tax or interest under Section 409A of the Code, the Company shall, after consulting with and receiving the approval of Executive, reform such
provision in a manner intended to avoid the incurrence by Executive of any such additional tax or interest 
 Section 14. Successors
and Assigns; No Third-Party Beneficiaries. 
 (a) The Company. This Agreement shall inure to the benefit of the Company and its
respective successors and assigns. Neither this Agreement nor any of the rights, obligations, or interests arising hereunder may be assigned by the Company to a Person (other 

  
 -9- 

 
than another member of the Company Group, or its or their respective successors) without Executive’s prior written consent (which shall not be unreasonably withheld, delayed, or
conditioned); provided, however, that in the event of a sale of all or substantially all of the assets of the Company or any direct or indirect division or subsidiary thereof to which Executive’s employment primarily relates, the
Company may provide that this Agreement will be assigned to, and assumed by, the acquiror of such assets, division or subsidiary, as applicable, without Executive’s consent. 

(b) Executive. Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or
otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to
Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate. 
 (c) No Third-Party
Beneficiaries. Except as otherwise set forth in Section 7(b) or Section 14(b) hereof, nothing expressed or referred to in this Agreement will be construed to give any Person other than the Company, the other members of the Company
Group, and Executive any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. 

Section 15. Waiver and Amendments. 

Any waiver, alteration, amendment, or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by
each of the parties hereto; provided, however, that any such waiver, alteration, amendment, or modification must be consented to on the Company’s behalf by the Board. No waiver by either of the parties hereto of their rights
hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 

Section 16. Severability. 

If any covenants or such other provisions of this Agreement are found to be invalid or unenforceable by a final determination of a court of
competent jurisdiction, (a) the remaining terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or provision hereof shall be deemed replaced by a term or provision that is valid and enforceable and that
comes closest to expressing the intention of the invalid or unenforceable term or provision hereof. 
 Section 17. Indemnification
and D&O Insurance. 
 The Company shall provide Executive (including Executive’s heirs, executors and administrators), at the
Company’s expense, with coverage under a standard director’s and officers’ (D&O) liability insurance policy, and shall indemnify Executive (and Executive’s heirs, executors and administrators) to the fullest extent permitted
under Delaware law against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit or proceeding in which Executive may be involved by reason of Executive’s having been a director or
officer of the Company (whether or not Executive continues to be a director or 

  
 -10- 

 
officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not limited to, judgments, court costs and attorney’s fees and the cost of
reasonable settlements. The Company shall cover the Executive under D&O liability insurance both during and, while potential liability exists, after the Term of Employment under this Agreement in the same amount and to the same extent as the
Company covers its other officers and directors. In the event the referenced D&O liability policy is a “wasting” policy in that defense and litigation costs reduce the amount of insurance available for indemnification purposes, the
Company agrees to provide Executive with full and complete indemnification beyond the coverage limit offered by the D&O policy. 

Section 18. Governing Law; Waiver of Jury Trial. 

THIS AGREEMENT IS GOVERNED BY AND IS TO BE CONSTRUED UNDER THE LAWS OF THE STATE OF FLORIDA. EACH PARTY TO THIS AGREEMENT ALSO HEREBY WAIVES
ANY RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION, OR PROCEEDING UNDER OR IN CONNECTION WITH THIS AGREEMENT. 

Section 19. Notices. 

(a) Place of Delivery. Every notice or other communication relating to this Agreement shall be in writing, and shall be mailed to or
delivered to the party for whom or which it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided; provided, that unless and until some other address be
so designated, all notices and communications by Executive to the Company shall be mailed or delivered to the Company at its principal executive office (to the attention of the General Counsel), and all notices and communications by the Company to
Executive may be given to Executive personally or may be mailed to Executive at Executive’s last known address, as reflected in the Company’s records. 

(b) Date of Delivery. Any notice so addressed shall be deemed to be given (i) if delivered by hand, on the date of such delivery,
(ii) if mailed by courier or by overnight mail, on the first business day following the date of such mailing, (iii) if by facsimile or electronic delivery, on the first business day following the date of such delivery and (iv) if
mailed by registered or certified mail, on the third business day after the date of such mailing. 
 Section 20. Section
Headings. 
 The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to
constitute a part thereof or affect the meaning or interpretation of this Agreement or of any term or provision hereof. 

Section 21. Entire Agreement. 

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

  
 -11- 

 Section 22. Survival of Operative Sections. 

Upon any termination of Executive’s employment, the provisions of Section 7 through Section 22 of this Agreement (together with
any related definitions set forth in Section 1 hereof) shall survive to the extent necessary to give effect to the provisions thereof. 

Section 23. Counterparts. 

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

*        *        * 

  
 -12- 

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

			
	PATRIOT NATIONAL, INC.
	
	 /s/ Christopher A. Pesch

	By:	 	Christopher A. Pesch
	Title:	 	Executive Vice President & General Counsel
	
	EXECUTIVE
	
	 /s/ Thomas Shields

	Thomas Shields

 APPENDIX A 

Definitions 
 (a)
“Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 6
hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, including rights with respect to Company equity (or equity derivatives), in accordance with the terms contained therein.

 (b) “Agreement” shall have the meaning set forth in the preamble hereto. 

(c) “Annual Bonus” shall have the meaning set forth in Section 4(b) hereof. 

(d) “Award” shall mean the meaning given to such term in the Omnibus Plan, or any successor plan thereto. 

(e) “Base Salary” shall mean the salary provided for in Section 4(a). 

(f) “Board” shall mean the Board of Directors of the Company. 

(g) “Cause” shall mean (A) a material breach by Executive’s duties and obligations hereunder, including but not
limited to gross negligence in the performance of his duties and responsibilities, or the willful failure to follow the Board’s directions, in each case, which has caused or is likely to cause material injury to the reputation or business of
the Company; provided, however, that Cause shall not exist unless the Company has provided Executive with written notice setting forth the existence of the non-performance, failure or breach and Executive shall not have cured same within thirty
(30) days after receiving such notice; (B) willful misconduct by Executive that, in the reasonable determination of the Board, has caused or is likely to cause material injury to the reputation or business of the Company; (C) any
criminal act of fraud, material misappropriation or other material dishonesty by Executive; or (D) Executive’s conviction of a felony, but specifically excluding any conviction based on vicarious liability (with “vicarious liability
meaning liability based on acts of the Company for which the Executive is charged solely as a result of his service with the Company and in which he was not directly involved and did not have prior knowledge of such actions or intended actions).
Executive shall be considered to have been discharged for Cause if the Company determines within 30 days after his resignation or discharge for Cause was warranted. For purposes of this Agreement, no act or failure to act on the Executive’s
part shall be considered “willful” unless it is done, or omitted to be done, by him in bad faith or without reasonable belief that his action or omission was in the best interests of the Company or a Subsidiary. Any act or failure to act
based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company or a Subsidiary shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best
interests of the Company or a Subsidiary. 
 (h) “Change in Control” shall have the meaning assigned to such term in the
Omnibus Plan, or any successor plan thereto. 

 (i) “Code” shall mean the Internal Revenue Code of 1986, as amended, and the
rules and regulations promulgated thereunder. 
 (j) “Company” shall have the meaning set forth in the preamble hereto.

 (k) “Company Group” shall mean the Company together with any of its direct or indirect subsidiaries. 

(l) “Compensation Committee” shall mean the committee of the Board designated to make compensation decisions relating to
senior executive officers of the Company Group. Prior to any time that such a committee has been designated, the Board shall be deemed the Compensation Committee for purposes of this Agreement. 

(m) “Delay Period” shall have the meaning set forth in Section 12 hereof. 

(n) “Disability” shall mean to the extent permitted by law, if Executive is (i) unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, (ii) by reason of any
medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
three months under the Company’s disability or health plan, or (iii) determined to be totally disabled by the Social Security Administration, then upon at least 60 days’ prior written notice to Executive, if such is consistent with
applicable law, Executive shall be considered disabled for purposes of this Agreement and the Company may terminate this Agreement and Executive’s employment hereunder, unless, within that notice period, Executive shall have resumed performance
of the essential functions of his positions, with or without reasonable accommodation. 
 (o) “Executive” shall have the
meaning set forth in the preamble hereto. 
 (p) “Excise Tax” shall have the meaning set forth in Section 8 hereto.

 (q) “Good Reason” shall mean, without Executive’s consent, (i) a material diminution in Executive’s
title, duties, or responsibilities as set forth in Section 3 hereof, (ii) a material reduction in Base Salary set forth in Section 4(a) hereof or Target Annual Bonus opportunity set forth in Section 4(b) hereof (other than
pursuant to an across-the-board reduction applicable to all other executives of the Company), (iii) the relocation of Executive’s principal place of employment (as provided in Section 3(c) hereof) more than fifty (50) miles from
its current location, or (iv) any other material breach of a provision of this Agreement by the Company (other than a provision that is covered by clause (i), (ii), or (iii) above). Executive acknowledges and agrees that his exclusive
remedy in the event of any breach of this Agreement shall be to assert Good Reason pursuant to the terms and conditions of Section 7(e) hereof. Notwithstanding the foregoing, during the Term of Employment, in the event that the Board reasonably
believes that Executive may have engaged in conduct that could constitute Cause hereunder, the Board may, in its sole and absolute discretion, suspend Executive from performing his duties hereunder, and in no event shall any such suspension
constitute an event pursuant to which Executive may terminate employment with Good Reason or otherwise constitute a breach hereunder; provided, that no such suspension shall alter the Company’s obligations under this Agreement during
such period of suspension. 

  
 -2- 

 (r) “Independent Advisor” shall have the meaning set forth in Section 8
hereto. 
 (s) “IRS” shall have the meaning set forth in Section 8 hereto. 

(t) “Non-Interference Agreement” shall mean the Confidentiality, Non-Interference, and Invention Assignment Agreement
attached hereto as Exhibit A. 
 (u) “Omnibus Plan” shall mean the Patriot National, Inc. 2014 Omnibus Incentive
Plan, as amended from time to time. 
 (v) “Payments” shall have the meaning set forth in Section 8 hereto. 

(w) “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust (charitable or non-charitable), unincorporated organization, or other form of business entity. 

(x) “Prior Year Bonus” shall have the meaning set forth in Section 7(b) hereof. 

(y) “Pro Rata Bonus” shall have the meaning set forth in Section 7(b) hereof. 

(z) “Reduced Amount” shall have the meaning set forth in Section 8 hereto. 

(aa) “Release of Claims” shall mean the Release of Claims in substantially the same form attached hereto as
Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel). 
 (bb) “Repayment
Amount” shall have the meaning set forth in Section 8 hereto. 
 (cc) “Severance Benefits” shall have the
meaning set forth in Section 7(g) hereof. 
 (dd) “Severance Factor” shall mean (i) in the case of a termination
of Executive’s employment by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason, in either case during the twelve (12) month period immediately following the occurrence of a Change in
Control (or during the six (6) months prior to the Change in Control, if Executive’s termination of employment without Cause (other than by reason of death or Disability) or the condition constituting Good Reason was at the request or
direction of a participant in the potential acquisition), 2.0 and (ii) in the case of any other termination of Executive’s employment by the Company without Cause (other than by reason of death or Disability) or by Executive for Good
Reason not described in clause (i) of this paragraph, 1.0. 

  
 -3- 

 (ee) “Severance Term” shall mean a number of months following Executive’s
termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason equal to the product of (i) the Severance Factor multiplied by (ii) twelve (12) months. 

(ff) “Target Annual Bonus” shall have the meaning set forth in Section 4(b) hereof. 

(gg) “Term of Employment” shall mean the period specified in Section 2 hereof. 

  
 -4- 

 Exhibit A 

CONFIDENTIALITY, NON-INTERFERENCE, AND INVENTION ASSIGNMENT AGREEMENT 

As a condition of my Employment Agreement (the “Employment Agreement”), dated January 5, 2015, with Patriot National,
Inc. (the “Company”), and in consideration of my continued employment with the Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to the terms and conditions of this Confidentiality,
Non-Interference, and Invention Assignment Agreement (the “Non-Interference Agreement”): 
  

	 	Section 1.	Confidential Information. 

 (a) Company Group Information. I acknowledge that,
during the course of my employment, I will have access to information about the Company and its direct and indirect subsidiaries (together with the Company, the “Company Group”) and that my employment with the Company shall bring me
into close contact with confidential and proprietary information of the Company Group. In recognition of the foregoing, I agree, at all times during the term of my employment with the Company and thereafter, to hold in confidence, and not to use,
except for the benefit of the Company Group, or to disclose to any person, firm, corporation, or other entity without written authorization of the Company, any Confidential Information that I obtain or create. I further agree not to make copies of
such Confidential Information except as authorized by the Company. I understand that “Confidential Information” means information that the Company Group has or will develop, acquire, create, compile, discover, or own, that has value
in or to the business of the Company Group that is not generally known and that the Company wishes to maintain as confidential. I understand that Confidential Information includes, but is not limited to, any and all non-public information that
relates to the actual or anticipated business and/or products, research, or development of the Company, or to the Company’s technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other information
regarding the Company’s products or services and markets, customer lists, and customers (including, but not limited to, customers of the Company on whom I called or with whom I may become acquainted during the term of my employment), software,
developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, and other business information disclosed by the Company either directly or indirectly in writing,
orally, or by drawings or inspection of premises, parts, equipment, or other Company property. Notwithstanding the foregoing, Confidential Information shall not include (i) any of the foregoing items that have become publicly and widely known
through no unauthorized disclosure by me or others who were under confidentiality obligations as to the item or items involved or (ii) any information that I am required to disclose to, or by, any governmental or judicial authority;
provided, however, that in such event I will give the Company prompt written notice thereof so that the Company Group may seek an appropriate protective order and/or waive in writing compliance with the confidentiality provisions of
this Non-Interference Agreement. 
 (b) Former Employer Information. I represent that my performance of all of the terms of this
Non-Interference Agreement as an employee of the Company Group has not breached and will not breach any agreement to keep in confidence proprietary information, knowledge, or data acquired by me in confidence or trust prior or subsequent to the
commencement of my employment with the Company, and I will not disclose to any member of the Company Group, or induce any member of the Company Group to use, any developments, or confidential or proprietary information or material I may have
obtained in connection with employment with any prior employer in violation of a confidentiality agreement, nondisclosure agreement, or similar agreement with such prior employer. 

	 	Section 2.	Developments. 

 (a) Developments Retained and Licensed. I have attached hereto, as
Schedule A, a list describing with particularity all developments, original works of authorship, developments, improvements, and trade secrets that were created or owned by me prior to the commencement of my employment (collectively
referred to as “Prior Developments”), that belong solely to me or belong to me jointly with another, that relate in any way to any of the proposed businesses, products, or research and development of any member of the Company Group,
and that are not assigned to the Company hereunder, or if no such list is attached or the list is blank, I represent that there are no such Prior Developments. If, during any period during which I perform or performed services for the Company Group
both before or after the date hereof (the “Assignment Period”), whether as an officer, employee, director, independent contractor, consultant, or agent, or in any other capacity, I incorporate (or have incorporated) into a Company
Group product or process a Prior Development owned by me or in which I have an interest, I hereby grant the Company, and the Company Group shall have, a non-exclusive, royalty-free, irrevocable, perpetual, transferable worldwide license (with the
right to sublicense) to make, have made, copy, modify, make derivative works of, use, sell, and otherwise distribute such Prior Development as part of or in connection with such product or process. 

(b) Assignment of Developments. I agree that I will, without additional compensation, promptly make full written disclosure to the
Company, and will hold in trust for the sole right and benefit of the Company all developments, original works of authorship, inventions, concepts, know-how, improvements, trade secrets, and similar proprietary rights, whether or not patentable or
registrable under copyright or similar laws, which I may (or have previously) solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the Assignment Period, whether or not
during regular working hours, provided they either (i) relate at the time of conception or reduction to practice of the invention to the business of any member of the Company Group, or actual or demonstrably anticipated research or development
of any member of the Company Group; (ii) result from or relate to any work performed for any member of the Company Group; or (iii) are developed through the use of equipment, supplies, or facilities of any member of the Company Group, or
any Confidential Information, or in consultation with personnel of any member of the Company Group (collectively referred to as “Developments”). I further acknowledge that all Developments made by me (solely or jointly with others)
within the scope of and during the Assignment Period are “works made for hire” (to the greatest extent permitted by applicable law) for which I am, in part, compensated by my salary, unless regulated otherwise by law, but that, in the
event any such Development is deemed not to be a work made for hire, I hereby assign to the Company, or its designee, all my right, title, and interest throughout the world in and to any such Development. 

(c) Maintenance of Records. I agree to keep and maintain adequate and current written records of all Developments made by me (solely or
jointly with others) during the Assignment Period. The records may be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, or any other format. The records will be available to and remain the sole property of the
Company Group at all times. I agree not to remove such records from the Company’s place of business except as expressly permitted by Company Group policy, which may, from time to time, be revised at the sole election of the Company Group for
the purpose of furthering the business of the Company Group. 
 (d) Intellectual Property Rights. I agree to assist the Company, or
its designee, at the Company’s expense, in every way to secure the rights of the Company Group in the Developments and any copyrights, patents, trademarks, service marks, database rights, domain names, mask work rights, moral rights, and other
intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments,
recordations, and all other instruments that the Company 

  
 -2- 

 
shall deem necessary in order to apply for, obtain, maintain, and transfer such rights and in order to assign and convey to the Company Group the sole and exclusive right, title, and interest in
and to such Developments, and any intellectual property and other proprietary rights relating thereto. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall
continue after the termination of the Assignment Period until the expiration of the last such intellectual property right to expire in any country of the world; provided, however, the Company shall reimburse me for my reasonable
expenses incurred in connection with carrying out the foregoing obligation. If the Company is unable because of my mental or physical incapacity or unavailability for any other reason to secure my signature to apply for or to pursue any application
for any United States or foreign patents or copyright registrations covering Developments or original works of authorship assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers
and agents as my agent and attorney in fact to act for and in my behalf and stead to execute and file any such applications or records and to do all other lawfully permitted acts to further the application for, prosecution, issuance, maintenance,
and transfer of letters patent or registrations thereon with the same legal force and effect as if originally executed by me. I hereby waive and irrevocably quitclaim to the Company any and all claims, of any nature whatsoever, that I now or
hereafter have for past, present, or future infringement of any and all proprietary rights assigned to the Company. 
  

	 	Section 3.	Returning Company Group Documents. 

 I agree that, at the time of termination of
my employment with the Company for any reason, I will deliver to the Company (and will not keep in my possession, recreate, or deliver to anyone else) any and all Confidential Information and all other documents, materials, information, and property
developed by me pursuant to my employment or otherwise belonging to the Company. I agree further that any property situated on the Company’s premises and owned by the Company (or any other member of the Company Group), including disks and other
storage media, filing cabinets, and other work areas, is subject to inspection by personnel of any member of the Company Group at any time with or without notice. 
  

	 	Section 4.	Disclosure of Agreement. 

 As long as it remains in effect, I will disclose the existence
of this Non-Interference Agreement to any prospective employer, partner, co-venturer, investor, or lender prior to entering into an employment, partnership, or other business relationship with such person or entity. 

 

	 	Section 5.	Restrictions on Interfering. 

 (a) Non-Competition. During the period of my
employment with the Company (the “Employment Period”) and the Post-Termination Restricted Period, I shall not, directly or indirectly, individually or on behalf of any person, company, enterprise, or entity, or as a sole
proprietor, partner, stockholder, director, officer, principal, agent, or executive, or in any other capacity or relationship, engage in any Competitive Activities within the United States of America or any other jurisdiction in which any member of
the Company Group engages in business derives a material portion of its revenues or has demonstrable plans to commence business activities in. 

(b) Non-Interference. During the Employment Period and the Post-Termination Restricted Period, I shall not, directly or indirectly for
my own account or for the account of any other individual or entity, engage in Interfering Activities. 

  
 -3- 

 (c) Definitions. For purposes of this agreement: 

(i) “Business Relation” shall mean any current or prospective client, customer, licensee, supplier, or other business
relation of the Company Group, or any such relation that was a client, customer, licensee or other business relation within the prior six (6) month period, in each case, to with whom I transaction business or whose identity became known to me
in connection with my relationship with, or employment by, the Company. 
 (ii) “Competitive Activities” shall mean any
business activities related to turn-key workers’ compensation and outsourcing services for insurance companies, employers and government agencies, or any other business activity that is materially competitive with the then current or
demonstrably planned business activities of the Company Group. 
 (iii) “Interfering Activities” shall mean
(A) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any Person employed by, or providing consulting services to, any member of the Company Group to terminate such Person’s employment or
services (or in the case of a consultant, materially reducing such services) with the Company Group; (B) hiring any individual who was employed by the Company Group within the six (6) month period prior to the date of such hiring; or
(C) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any Business Relation to cease doing business with or reduce the amount of business conducted with the Company Group, or in any way
interfering with the relationship between any such Business Relation and the Company Group. 
 (iv) “Person” shall mean
any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust (charitable or non-charitable), unincorporated organization, or other form of
business entity. 
 (v) “Post-Termination Restricted Period” shall mean the period commencing on the date of the
termination of the Employment Period for any reason and ending on the later to occur of (x) the twelve (12) month anniversary of such date of termination and (y) the expiration of the Severance Term (as defined in the Employment
Agreement). 
 (d) Non-Disparagement. I agree that during the Employment Period, and at all times thereafter, I will not make any
disparaging or defamatory comments regarding any member of the Company Group or their respective current or former directors, officers, or employees in any respect or make any comments concerning any aspect of my relationship with any member of the
Company Group or any conduct or events which precipitated any termination of my employment from any member of the Company Group. However, my obligations under this subparagraph (d) shall not apply to disclosures required by applicable law,
regulation, or order of a court or governmental agency. 
  

	 	Section 6.	Reasonableness of Restrictions. 

 I acknowledge and recognize the highly
competitive nature of the Company’s business, that access to Confidential Information renders me special and unique within the Company’s industry, and that I will have the opportunity to develop substantial relationships with existing and
prospective clients, accounts, customers, consultants, contractors, investors, and strategic partners of the Company Group during the course of and as a result of my employment with the Company. In light of the foregoing, I recognize and acknowledge
that the restrictions and limitations set forth in this Non-Interference Agreement are reasonable and valid in geographical and temporal scope and in all other respects and are essential to protect the value of the business and assets of the Company
Group. I further acknowledge that the restrictions and limitations set forth in this agreement will not materially interfere with my ability to earn a living following the termination of my employment with the Company and that my ability to earn a
livelihood without violating such restrictions is a material condition to my employment with the Company. 

  
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	 	Section 7.	Independence; Severability; Blue Pencil. 

 Each of the rights enumerated in this
Non-Interference Agreement shall be independent of the others and shall be in addition to and not in lieu of any other rights and remedies available to the Company Group at law or in equity. If any of the provisions of this agreement or any part of
any of them is hereafter construed or adjudicated to be invalid or unenforceable, the same shall not affect the remainder of this Non-Interference Agreement, which shall be given full effect without regard to the invalid portions. If any of the
covenants contained herein are held to be invalid or unenforceable because of the duration of such provisions or the area or scope covered thereby, I agree that the court making such determination shall have the power to reduce the duration, scope,
and/or area of such provision to the maximum and/or broadest duration, scope, and/or area permissible by law, and in its reduced form said provision shall then be enforceable. 

 

	 	Section 8.	Injunctive Relief. 

 I expressly acknowledge that any breach or threatened breach
of any of the terms and/or conditions set forth in this Non-Interference Agreement may result in substantial, continuing, and irreparable injury to the members of the Company Group. Therefore, I hereby agree
that, in addition to any other remedy that may be available to the Company, any member of the Company Group shall be entitled to seek injunctive relief, specific performance, or other equitable relief by a court of appropriate jurisdiction in the
event of any breach or threatened breach of the terms of this Non-Interference Agreement without the necessity of proving irreparable harm or injury as a result of such breach or threatened breach and without the posting of a bond. Notwithstanding
any other provision to the contrary, I acknowledge and agree that the Post-Termination Restricted Period shall be tolled during any period of violation of any of the covenants in paragraph 5 hereof and during any other period required for litigation
during which the Company or any other member of the Company Group seeks to enforce such covenants against me if it is ultimately determined that I was in breach of such covenants. 

 

	 	Section 9.	Cooperation. 

 I agree that, following any termination of my employment, I will
continue to provide reasonable cooperation to the Company and/or any other member of the Company Group and its or their respective counsel in connection with any investigation, administrative proceeding, or litigation relating to any matter that
occurred during my employment in which I was involved or of which I have knowledge. As a condition of such cooperation, the Company shall reimburse me for reasonable out-of-pocket expenses incurred at the request of the Company with respect to my
compliance with this paragraph. I also agree that, in the event I am subpoenaed by any person or entity (including, but not limited to, any government agency) to give testimony or provide documents (in a deposition, court proceeding, or otherwise),
that in any way relates to my employment by the Company and/or any other member of the Company Group, I will give prompt notice of such request to the Company and will make no disclosure until the Company and/or the other member of the Company Group
has had a reasonable opportunity to contest the right of the requesting person or entity to such disclosure. 
  

	 	Section 10.	General Provisions. 

 (a) Governing Law; Waiver of Jury Trial. THE VALIDITY,
INTERPRETATION, CONSTRUCTION, AND PERFORMANCE OF THIS NON-INTERFERENCE AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE UNITED STATES OF AMERICA AND THE STATE OF 

  
 -5- 

 
FLORIDA, WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICT OF LAWS. BY EXECUTION OF THIS NON-INTERFERENCE AGREEMENT, I HEREBY WAIVE ANY RIGHT TO TRIAL BY
JURY IN CONNECTION WITH ANY SUIT, ACTION, OR PROCEEDING UNDER OR IN CONNECTION WITH THIS NON-INTERFERENCE AGREEMENT. 
 (b) Entire
Agreement. This Non-Interference Agreement sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein and merges all prior discussions between us. No modification or amendment to this
Non-Interference Agreement, nor any waiver of any rights under this Non-Interference Agreement, will be effective unless in writing signed by the party to be charged. Any subsequent change or changes in my duties, obligations, rights, or
compensation will not affect the validity or scope of this Non-Interference Agreement. 
 (c) No Right of Continued Employment. I
acknowledge and agree that nothing contained herein shall be construed as granting me any right to continued employment by the Company, and the right of the Company to terminate my employment at any time and for any reason, with or without cause, is
specifically reserved. 
 (d) Successors and Assigns. This Non-Interference Agreement will be binding upon my heirs, executors,
administrators, and other legal representatives and will be for the benefit of the Company, its successors, and its assigns. I expressly acknowledge and agree that this Non-Interference Agreement may be assigned by the Company without my consent to
any other member of the Company Group as well as any purchaser of all or substantially all of the assets or stock of the Company, whether by purchase, merger, or other similar corporate transaction, provided that the license granted pursuant to
Section 2(a) may be assigned to any third party by the Company without my consent. 
 (e) Survival. The provisions of this
Non-Interference Agreement shall survive the termination of my employment with the Company and/or the assignment of this Non-Interference Agreement by the Company to any successor in interest or other assignee. 

*        *        * 

I, Thomas Shields, have executed this Confidentiality, Non-Interference, and Invention Assignment agreement on the respective date set forth
below: 
  

							
	Date:	 	 1/6/15
	 		 	 /s/ Thomas Shields

		 		 		 	(Signature)

  
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 SCHEDULE A 

LIST OF PRIOR DEVELOPMENTS 

AND ORIGINAL WORKS OF AUTHORSHIP 

EXCLUDED FROM SECTION 2 
  

					
	 Title
	  	 Date
	  	 Identifying Number or

Brief Description

		  		  	
		  		  	
		  		  	

 x No Developments or improvements 

 ̈ Additional Sheets Attached 
  

			
	Signature of Executive:	 	 /s/ Thomas Shields

			
		
	Print Name of Executive:	 	 /s/ Thomas Shields

			
		
	Date:	 	 1/6/15

 Exhibit B 

RELEASE OF CLAIMS 

As used in this Release of Claims (this “Release”), the term “claims” will include all claims, covenants,
warranties, promises, undertakings, actions, suits, causes of action, obligations, debts, accounts, attorneys’ fees, judgments, losses, and liabilities, of whatsoever kind or nature, in law, in equity, or otherwise. 

For and in consideration of the Severance Benefits (as defined in my Employment Agreement, dated January 5, 2015, with Patriot National,
Inc. (the “Employment Agreement”)), and other good and valuable consideration, I, Thomas Shields for and on behalf of myself and my heirs, administrators, executors, and assigns, effective the date on which this release becomes
effective pursuant to its terms, do fully and forever release, remise, and discharge each of the Company and each of its direct and indirect subsidiaries and affiliates, together with their respective officers, directors, partners, shareholders,
employees, and agents (collectively, the “Group”) from any and all claims whatsoever up to the date hereof that I had, may have had, or now have against the Group, for or by reason of any matter, cause, or thing whatsoever,
including any claim arising out of or attributable to my employment or the termination of my employment with the Company, whether for tort, breach of express or implied employment contract, intentional infliction of emotional distress, wrongful
termination, unjust dismissal, defamation, libel, or slander, or under any federal, state, or local law dealing with discrimination based on age, race, sex, national origin, handicap, religion, disability, or sexual orientation. This release of
claims includes, but is not limited to, all claims arising under the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Civil Rights Act of 1991, the
Family Medical Leave Act, and the Equal Pay Act, each as may be amended from time to time, and all other federal, state, and local laws, the common law, and any other purported restriction on an employer’s right to terminate the employment of
employees. The release contained herein is intended to be a general release of any and all claims to the fullest extent permissible by law. 

I acknowledge and agree that as of the date I execute this Release, I have no knowledge of any facts or circumstances that give rise or could
give rise to any claims under any of the laws listed in the preceding paragraph. 
 By executing this Release, I specifically release all
claims relating to my employment and its termination under ADEA, a United States federal statute that, among other things, prohibits discrimination on the basis of age in employment and employee benefit plans. 

Notwithstanding any provision of this Release to the contrary, by executing this Release, I am not releasing (i) any claims relating to
my rights under Section 7 of the Employment Agreement, (ii) any claims that cannot be waived by law, or (iii) my right of indemnification as provided by, and in accordance with the terms of, the Company’s by-laws or a Company
insurance policy providing such coverage, as any of such may be amended from time to time. 
 I expressly acknowledge and agree that I
– 
  

	 	•	 	Am able to read the language, and understand the meaning and effect, of this Release; 

  

	 	•	 	Have no physical or mental impairment of any kind that has interfered with my ability to read and understand the meaning of this Release or its terms, and that I am not acting under the influence of any medication,
drug, or chemical of any type in entering into this Release; 

	 	•	 	Am specifically agreeing to the terms of the release contained in this Release because the Company has agreed to pay me the Severance Benefits in consideration for my agreement to accept it in full settlement of all
possible claims I might have or ever had, and because of my execution of this Release; 

  

	 	•	 	Acknowledge that, but for my execution of this Release, I would not be entitled to the Severance Benefits; 

  

	 	•	 	Understand that, by entering into this Release, I do not waive rights or claims under ADEA that may arise after the date I execute this Release; 

 

	 	•	 	Had or could have [twenty-one (21)][forty-five (45)]1 days from the date of my termination of employment (the “Release Expiration Date”) in which to
review and consider this Release, and that if I execute this Release prior to the Release Expiration Date, I have voluntarily and knowingly waived the remainder of the review period; 

 

	 	•	 	Have not relied upon any representation or statement not set forth in this Release or my Employment Agreement made by the Company or any of its representatives; 

 

	 	•	 	Was advised to consult with my attorney regarding the terms and effect of this Release; and 

  

	 	•	 	Have signed this Release knowingly and voluntarily. 

 I represent and warrant that I have not
previously filed, and to the maximum extent permitted by law agree that I will not file, a complaint, charge, or lawsuit against any member of the Group regarding any of the claims released herein. If, notwithstanding this representation and
warranty, I have filed or file such a complaint, charge, or lawsuit, I agree that I shall cause such complaint, charge, or lawsuit to be dismissed with prejudice and shall pay any and all costs required in obtaining dismissal of such complaint,
charge, or lawsuit, including without limitation the attorneys’ fees of any member of the Group against whom I have filed such a complaint, charge, or lawsuit. This paragraph shall not apply, however, to a claim of age discrimination under ADEA
or to any non-waivable right to file a charge with the United States Equal Employment Opportunity Commission (the “EEOC”); provided, however, that if the EEOC were to pursue any claims relating to my employment with
Company, I agree that I shall not be entitled to recover any monetary damages or any other remedies or benefits as a result and that this Release and the Severance Benefits will control as the exclusive remedy and full settlement of all such claims
by me. 
 I hereby agree to waive any and all claims to re-employment with the Company or any other member of the Company Group (as defined
in my Employment Agreement) affirmatively agree not to seek further employment with the Company or any other member of the Company Group. 

Notwithstanding anything contained herein to the contrary, this Release will not become effective or enforceable prior to the expiration of
the period of seven (7) calendar days following the date of its execution by me (the “Revocation Period”), during which time I may revoke my acceptance of this 

 

	1 	 To be selected based on whether applicable termination was “in connection with an exit incentive or other employment termination program”
(as such phrase is defined in the Age Discrimination in Employment Act of 1967). 

  
 -2- 

 
Release by notifying the Company and the Board of Directors of the Company, in writing, delivered to the Company at its principal executive office, marked for the attention of its Chief Executive
Officer. To be effective, such revocation must be received by the Company no later than 11:59 p.m. on the seventh (7th) calendar day following the execution of this Release. Provided
that the Release is executed and I do not revoke it during the Revocation Period, the eighth (8th) day following the date on which this Release is executed shall be its effective date. I
acknowledge and agree that if I revoke this Release during the Revocation Period, this Release will be null and void and of no effect, and neither the Company nor any other member of the Company will have any obligations to pay me the Severance
Benefits. 
 The provisions of this Release shall be binding upon my heirs, executors, administrators, legal personal representatives, and
assigns. If any provision of this Release shall be held by any court of competent jurisdiction to be illegal, void, or unenforceable, such provision shall be of no force or effect. The illegality or unenforceability of such provision, however, shall
have no effect upon and shall not impair the enforceability of any other provision of this Release. 
 EXCEPT WHERE PREEMPTED BY FEDERAL
LAW, THIS RELEASE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF FLORIDA, APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THAT STATE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS. I
HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION, OR PROCEEDING UNDER OR IN CONNECTION WITH THIS RELEASE. 

Capitalized terms used, but not defined herein, shall have the meanings ascribed to such terms in my Employment Agreement. 

 

	
	  

	Thomas Shields
	Date:

  
 -3-

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