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SEPARATION AND ENGAGEMENT AGREEMENT

This Separation and Engagement Agreement (“Agreement”) is entered into by and between Goosehead Insurance, Inc. (the “Company”) and Mark Colby (“Employee”), effective as of the date it is executed by both Parties (the “Effective Date”). The Company and Employee are referred to herein individually, as a “Party” and collectively, as the “Parties.”

WHEREAS, Employee has been employed by the Company as Chief Financial Officer for the Company;

WHEREAS, Employee entered into the following agreements with the Company, which shall survive and continue in full force and effect except as otherwise set forth in Section 8: (a) Alternative Dispute Resolution – Mutual Agreement to Arbitrate Disputes agreement entered into as of May 5, 2016 (“the Arbitration Agreement”), and (b) the Proprietary Information, Non-Competition, and Non- Solicitation Agreement, Intellectual Property, and Non-Solicitation signed by Employee on April 20, 2018 (“Non-Competition Agreement”) (collectively, the “Surviving Agreements”);

WHEREAS, Employee’s employment and all positions with the Company shall terminate effective September 11, 2022 (the “Separation Date”);

WHEREAS, the Parties desire to set forth Employee’s separation and consulting benefits and obligations and to finally, fully and completely resolve all matters arising from or during Employee’s employment and separation from employment, any benefits, bonuses and compensation connected with such employment and all other disputes and matters that the Parties may have for any reason; and

NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

1.End of Employee’s Employment. The Parties agree that Employee’s employment with the Company terminated effective as of the Separation Date, including all of Employee’s positions as an officer and employee of the Company and any affiliate and committees thereof. Employee shall execute all documents and take such further steps as may be required to effectuate Employee’s separation from the Company. Employee shall not perform any work except as set forth in this Agreement, and shall not make any representations or execute any documents, or take any other actions, on behalf of the Company as of the Separation Date. The Company shall pay Employee for all base salary earned but unpaid through the Separation Date, and shall reimburse Employee for all reasonable business expenses, including business expenses incurred and submitted in accordance with the Company’s expense reimbursement policies. Employee shall continue to receive Employee’s current base salary (unless on an unpaid leave of absence) and other benefits in accordance with the terms of the applicable plan documents up through the Effective Date.

1.Consideration.

a.Provided that Employee complies with this Agreement, in consideration of Employee’s execution of this Agreement and promises herein, including, without limitation, the release of claims against the Company, the Company shall provide Employee the following:

a.The Company shall pay Employee an amount equal to six months of Employee’s base salary, less applicable taxes and withholdings, payable in twelve equal semi-monthly installments in accordance with the Company’s normal

payroll practices, with the first payment beginning on the first payroll after the Effective Date and ending after the final payment which will be on or around March 15, 2023 (the “Consulting Payment”). The period from the Effective Date through the last payment date is referred to herein as the “Consulting Period.” Employee agrees to be reasonably available to the Company or its representatives (including attorneys) to provide general advice or assistance as reasonably requested by the Company (“Consulting”) through the Consulting Period; and

a.All vested, outstanding stock option awards granted pursuant to the Stock Option Award Agreement dated April 26, 2018 with a $10.00 exercise price and pursuant to the Stock Option Award Agreement dated April 1, 2020 with a $40.88 exercise price (each an “Award Agreement”) shall remain outstanding and exercisable until December 31, 2023. For purposes of clarity, any unvested options shall be forfeited on the Separation Date in accordance with the terms of the applicable option award agreements. All amounts payable pursuant to this Section 2(a)(ii) shall be subject to applicable taxes and withholdings.

The consideration in Section 2(a) is to herein as the “Consulting Benefits.” Employee acknowledges and agrees that (i) Employee is not entitled to any other payments, bonuses, or benefits other than those set forth in this Agreement, and (ii) but for this Agreement, Employee is not otherwise entitled to the amounts and benefits set forth in this Section 2(a).

i.The amounts payable pursuant to Section 2(a) shall not be treated as compensation under the Company’s 401(k) Plan or any other retirement plan.

i.The Company shall have no obligation to provide the benefits described in Section 2(a) unless Employee timely executes this Agreement in accordance with Section 17.

i.Other than the compensation and payments provided for in this Agreement, Employee shall not be entitled to any additional compensation, bonuses, vacation pay, PTO, payments, grants, options or benefits under any agreement or any benefit plan, equity, long term incentive plan, profit sharing, short term incentive plan, severance plan or bonus or any other incentive program established by the Company.

a.Mutual Release of Claims.

i.Release of Claims by Employee. In consideration of the promises of the Company provided herein, including the Company’s mutual release of claims, the consideration provided for in Section 2, and other consideration provided for in this Agreement, that being good and valuable consideration, the receipt, adequacy and sufficiency of which Employee acknowledges, Employee, on Employee’s own behalf and on behalf of Employee’s agents, administrators, representatives, executors, successors, heirs, devisees and assigns (collectively, the “Employee Releasing Parties”) hereby fully and forever waives, releases, extinguishes and discharges the Company, its shareholders, its affiliates, subsidiaries and its past, present and future parents, owners, officers, directors, shareholders, members, executives, employees, consultants, independent contractors, 

partners, agents, attorneys, advisers, insurers, fiduciaries, employee benefit plans, representatives, successors and assigns (each, a “Company Released Party” and collectively, the “Company Released Parties”), jointly and severally, from any and all claims, rights, demands, debts, obligations, losses, causes of action, suits, controversies, setoffs, affirmative defenses, counterclaims, third party actions, damages, penalties, costs, expenses, attorneys’ fees, liabilities and indemnities of any kind or nature whatsoever (collectively, the “Claims”), whether known or unknown, suspected or unsuspected, accrued or unaccrued, whether at law, equity, administrative, statutory or

otherwise, and whether for injunctive relief, back pay, front pay, fringe benefits, equity, reinstatement, reemployment, compensatory damages, punitive damages, or any other kind of damages, which any of Employee Releasing Parties have, had or may have against any of the Company Released Parties relating to or arising out of any matter arising on or before the date this Agreement is executed by Employee. Such released Claims include, without limitation, (i) all Claims arising out of or in connection with, or in any way related to Employee’s employment, compensation, equity, bonuses, commissions, incentive compensation, payments, vacation, leaves of absence, alleged payments, benefits, employment contracts, terms and conditions of employment, severance pay, and any other benefits Employee may or may not have received during Employee’s employment with the Company (or any Released Party), (ii) all Claims arising at law or equity or sounding in contract (express or implied) or tort, including Claims for wrongful discharge, libel, slander, breach of express or implied contract or implied covenant of good faith and fair dealing, (iii) Claims arising by statute, common law or otherwise, including all Claims arising under any federal, state, local, county or municipal laws of any jurisdiction, (iv) Claims for alleged fraud, concealment, negligence, negligent misrepresentation, promissory estoppel, quantum meruit, intentional or negligent infliction of emotional distress, violation of public policy, (v) Claims for discrimination, harassment, sexual harassment or retaliation and Claims arising under any laws that prohibit discrimination, harassment or retaliation based on age, sex, gender, pregnancy, sexual orientation, race, color, ancestry, national origin, alienage or citizenship status, religion, creed, disability, medical leave, military status, veteran status, marital status, genetic information, the filing of or intent to file a workers’ compensation claim, or any other protected trait, characteristic, or activity, including, without limitation, the Age Discrimination in Employment Act of 1967, as amended, the Americans with Disabilities Act of 1990, as amended, the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C.
§1981, the Civil Rights Act of 1991, the Civil Rights Act of 1866 and/or 1871, the Equal Pay Act of 1963, the Lilly Ledbetter Fair Pay Act of 2009, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, as amended, the Family and Medical Leave Act of 1993, the Occupational Safety and Health Act, the Employee Polygraph Protection Act, the Uniformed Services Employment and Reemployment Rights Act, the Worker Adjustment and Retraining Notification Act, the Genetic Information Nondiscrimination Act, the National Labor Relations Act, the Labor Management Relations Act, the Immigration Reform and Control Act, the Texas Labor Code, the Texas Payday Law, the Texas Commission on Human Rights or Chapter 21, any statute or laws of the State of Texas or any other federal, state, local, municipal or common law whistleblower, discrimination or anti-retaliation statute law or ordinance, and (vi) any other Claims arising under state, federal, local, municipal or common law, as well as any expenses, costs or attorneys’ fees.

Except as required by law, Employee agrees that Employee will not commence, maintain, initiate, or prosecute, or cause, encourage, assist, volunteer, advise or cooperate with any other person to commence, maintain, initiate or prosecute, any action, lawsuit, proceeding, charge, petition, complaint or Claim before any court, agency or tribunal against the Company or any of the Company Released Parties arising from, concerned with, or otherwise relating to, in whole or in part, Employee’s employment, the terms and conditions of Employee’s employment, or Employee’s separation from employment with the 

Company or any of the matters or Claims discharged and released in this Agreement. Employee represents that Employee has not filed any complaints, charges or lawsuits against the Company  with  any  governmental agency or any court based on Claims that are released and waived by this Release.

i.By the Company. In consideration of the mutual promises contained in this Agreement, including Employee’s release of claims, which is in addition to anything of value to which the Company is already entitled, the Company, on behalf of itself and all of its parents, divisions, subsidiaries, affiliates, joint venture partners, partners, and related companies, and their present and former agents, executives, employees, officers, directors, attorneys, stockholders, plan fiduciaries, successors and assigns, irrevocably and unconditionally releases, waives, and forever discharges, Employee and Employee heirs, executors, successors and assigns (the “Employee Released Parties”), from any and all claims, demands, actions,

causes of action, costs, fees, and all liability whatsoever, whether known or unknown, fixed or contingent, which the Company has, had, or may have against the Employee Released Parties relating to or arising out of Employee’s employment, compensation and terms and conditions of employment or separation from employment up through the Effective Date. This release includes, without limitation, claims at law or equity or sounding in contract (express or implied) or tort, claims arising under any federal, state or local laws, or any other statutory or common law claims related to relating to or arising out of Employee’s employment or separation from employment for any period up to and including the date this Agreement is signed by the Parties.

i.Claims Excluded from Release. Notwithstanding the above, the Parties agree that the Parties’ respective release of claims shall not include any of the following claims or rights:

1.Claims a Company Released Party may have relating to or arising out of any illegal conduct, fraud or breach of fiduciary duty by Employee or any action(s) from a government agency arising from or relating to Employee’s actions or inactions. The Company represents that it is not aware of any such claims, or facts giving rise to such claims, as of the Effective Date of this Agreement.

1.Vested benefits Employee may have under any employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended (which includes Employee’s 401(k) account).

1.Any claim which may not be waived by applicable law, which includes Employee’s rights to benefit continuation coverage under the Consolidated Omnibus Budget Reconciliation Act.

1.The Parties’ obligations under this Agreement.

1.Any claims arising after the date this Agreement is executed by the Parties.

1.Any claims Employee may have for indemnification and defense under directors and officers insurance (or similar insurance) or the By-laws.

1.Any claims Employee may have as a shareholder of the Company.

1.No Interference. Nothing in this Agreement is intended to interfere with a Party’s right to report possible violations of federal, state or local law or regulation to any governmental or law enforcement agency or entity, or to make other disclosures that are protected under the whistleblower provisions of federal or state law or regulation. The Parties acknowledge that nothing in this Agreement
(a) is intended to interfere with a Party’s right to file a claim or charge with, or testify, assist, or participate in an investigation, hearing, or proceeding conducted by, the Equal Employment Opportunity Commission (the “EEOC”), the Securities Exchange Commission (“SEC”), the National Labor Relations Board (“NLRB”), any state human rights commission, or any other government agency or entity charged with enforcement of any laws, (b) limits Employee’s right to challenge the validity of the waiver of claims under the ADEA, or (c) limits Employee from exercising rights, if any, under Section 7 of the NLRA to engage in protected, concerted activity with other employees. In making such disclosures, a Party need not seek prior authorization from the other Party, and is not required to notify the other Party of any such reports, disclosures or conduct. However, by executing this Agreement, Employee hereby waives the right to recover any damages or benefits in any proceeding Employee may bring before the EEOC, the NLRB, any state human rights commission, or any other government agency or entity or in any proceeding brought by the EEOC, NLRB any state human rights commission, or any other government agency or entity on Employee’s behalf with respect to any Claim released in this Agreement; except for any right Employee

may have to receive a payment or award from a government agency (and not the Company) for information provided to the government agency or otherwise where prohibited.

1.Known Violations. Employee agrees that, to the extent Employee is aware of conduct by anyone while employed by or representing the Company that gives Employee a belief, concern or suspicion that a violation of any state or federal law, regulation (particularly involving employment, securities (including, but not limited to, the Investment Advisors Act of 1940, Securities Act of 1933, and/or Securities Exchange Act of 1934), tax, and/or real property), or any policy of the Company, Employee has reported such belief, concern or suspicion to the General Counsel of the Company. If Employee has not reported this information as of the date of this Agreement, Employee agrees Employee does not know of any such conduct. Employee understands that the Company has a strict policy against retaliation for reporting such information, and Employee has not withheld such information by reason of any concerns about retaliation. Employee acknowledges and understands that nothing in this provision is intended to interfere with Employee’s right to engage in the conduct outlined in Section 4.

1.Return of Company Property. Within 7 business days following the Separation Date, Employee shall, to the extent not previously returned or delivered, without copying or retaining any copies:
(a) return all equipment, records, files, documents, data, computer programs, programs or other materials and property in Employee’s possession which belong to the Company or any one or more of its affiliates, including, without limitation, all computer access codes, credit cards, cell phones, laptops, computers and related equipment, keys and access cards; and (b) deliver all original and copies of Confidential Information (defined below) notes, materials, records, reports, plans, data or other documents, files or programs (whether stored in paper form, computer form, digital form, electronically or otherwise or on Employee’s personal computer or any other media) that relate or refer to (1) the Company or any one or more of its affiliates, or (2) the Company’s or any one or more of its affiliates’ Confidential Information, financial information, financial data, financial statements, personnel 

information, business information, strategies, sales, customers, suppliers or similar information. Should Employee later discover additional items described or referenced in subsections (a) or (b) above, Employee will promptly notify the Company and return/deliver such items to the Company. Employee agrees to execute any such documents requested by the Company confirming that Employee has complied in all regards with this Section 6. The Company agrees that to the extent Employee has any personal information on Employee’s laptop returned to the Company, the Company will treat it as confidential.

1.Mutual Non-Disparagement. Employee agrees that the Company’s goodwill and reputation are assets of great value to the Company which have been obtained and maintained through great costs, time and effort. Therefore, Employee shall not in any way disparage, libel or defame the Company, its business or business practices, its products or services, or its shareholders, owners, managers, officers, directors, employees, investors or affiliates. The Company agrees that its executive officers and managing directors shall not in any way disparage, libel or defame Employee.

The rights afforded the Parties under this provision are in addition to any and all rights and remedies otherwise afforded by law. This provision shall not preclude the Parties from providing truthful testimony in a court of law, administrative or arbitral proceeding or a government investigation (including without limitation depositions in connection with such proceeding). Nothing in this Section 7 is intended to interfere with a Party’s rights in Section 4.

1.Surviving Agreements. Employee and the Company agree that the Surviving Agreements survive the termination of Employee’s employment and shall remain in full force and effect as set forth in the Surviving Agreements except as otherwise set forth in this Section 8 or agreed to by the Parties in writing. Employee reaffirms and agrees to honor and abide by the terms of the Surviving Agreements; provided that, notwithstanding anything to the contrary in the Non-Competition Agreement or any other

non-competition or non-solicitation agreements, if any, between Employee and the Company, the Parties agree as follows:

a.Employee may pursue opportunities and conduct business in any manner with Michael C. Colby, Matthew C. Colby, or Madde Borg in connection with any business not competing in the Same or Similar Business (as defined in the Non-Competition Agreement) as the Company and such actions, if any, shall not constitute a violation of the non-competition and non-solicitation provisions of the Non-Competition Agreement.

a.Employee may submit one or more requests that the Company consent to a limited exception or exemption to any restrictions in the Non-Competition Agreement by sending the request(s) in writing to the Company, ATTN: General Counsel at legal@goosehead.com, with truthful information regarding the opportunity and the rationale for the request. Employee will reasonably cooperate with any investigation by the Company of Employee’s request and within ten (10) business days of Employee’s request, the Company will provide Employee with a written response regarding whether Employee’s request is granted, and if not granted in whole, the response will include an explanation of why denial is reasonable if the request is denied. Consent to any requested exception or exemption to the Non- Competition Agreement will not be unreasonably withheld by the Company.

In the event of any conflict between this Section 8 and the Non-Competition Agreement, and any other non- competition or non-solicitation agreements, if any, between Employee and the Company, the terms and conditions of this Section 8 will control.

1.Cooperation. As a further material inducement to the Company to provide Employee the consideration provided for in Section 2 and subject to Section 4, Employee agrees to cooperate and provide reasonable assistance, at the request of the Company, in any and all investigations or other legal, equitable or business matters or proceedings which involve any matters for which Employee worked on or had responsibility during Employee’s employment with the Company. This includes but is not limited to testifying (and preparing to testify) as a witness in any proceeding or otherwise providing information or reasonable assistance to the Company in connection with any investigation, claim or suit, and cooperating with the Company regarding any investigation, litigation, claims or other disputed items involving the Company that relate to matters within the knowledge or responsibility of Employee. Specifically, Employee agrees (i) to meet with the Company’s representatives, its counsel or other designees at reasonable times and places with respect to any items within the scope of this provision; (ii) to provide truthful testimony regarding the same to any court, agency or other adjudicatory body; (iii) to provide the Company with immediate notice of contact or subpoena by any non-governmental party; and (iv) to not voluntarily assist any non-governmental adverse party or such non-governmental adverse party’s representatives. Employee acknowledges and understands that Employee’s obligations of cooperation under this Section 9 are not limited in time and may include, but shall not be limited to, the need for or availability for testimony. Employee shall receive no additional compensation for time spent assisting the Company pursuant to this Section 9 other than the compensation and benefits provided for in this Agreement, provided that Employee shall be entitled to be reimbursed for any reasonable out-of-pocket expenses incurred in fulfilling Employee’s obligations pursuant to subsections (i) and (ii) above. Nothing in this Section 9 is intended to interfere with Employee’s rights in Section 4.

1.Reference. The Company agrees to provide a neutral reference regarding Employee’s employment with the Company, providing Employee’s duties, salary and dates of employment in accordance with the Company’s policy. Upon request, the Company will promptly provide a letter to Employee with the neutral reference, signed by an executive officer of the Company.

1.No Assignment of Claims. Employee represents that Employee has not transferred or assigned, to any person or entity, any claim involving the Company or the Released Parties, or any portion thereof or interest therein. The Parties acknowledge and agree that nothing in this Agreement shall prohibit payment of any amounts due to Employee under this Agreement to Employee’s estate or legal guardian.

1.Arbitration; Controlling Law and Venue; Waiver of Jury Trial. The Arbitration Agreement shall govern any and all disputes that arise out or relate to this Agreement. This Agreement shall in all respects be interpreted, enforced, and governed under the laws of the State of Texas, without regard to any conflict of law principles. The Company and Employee agree that the language in this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for, or against, either of the Parties. To the extent any claim or dispute is not covered by the Arbitration Agreement, exclusive venue of any claim or dispute shall be in a state district court of competent jurisdiction in Tarrant County, Texas, or the United States District Court for the Northern District of Texas, and Employee consents to the jurisdiction of such courts.

WITH RESPECT TO ANY DISPUTE BETWEEN EMPLOYEE AND THE COMPANY ARISING OUT OF, IN CONNECTION WITH OR IN ANY WAY RELATED TO THIS AGREEMENT AND WHICH IS NOT COVERED BY THE ARBITRATION AGREEMENT, EMPLOYEE AGREES TO RESOLVE SUCH DISPUTE(S) BEFORE A JUDGE WITHOUT A JURY. EMPLOYEE HAS KNOWLEDGE OF THIS PROVISION AND AGREES TO HEREBY WAIVE EMPLOYEE’S RIGHT TO TRIAL BY JURY AND AGREES TO HAVE ANY DISPUTE(S) ARISING BETWEEN THE COMPANY AND EMPLOYEE ARISING OUT OF, IN CONNECTION WITH OR IN ANY WAY RELATED TO THIS AGREEMENT RESOLVED BY A JUDGE OF A COMPETENT COURT IN TARRANT COUNTY, TEXAS, OR THE UNITED STATES DISTRICT COURT FOR THE NOTHERN DISTRICT OF TEXAS SITTING WITHOUT A JURY.

1.Severability. Should any provision of this Agreement be declared or determined to be illegal or invalid by any government agency or court of competent jurisdiction, the validity of the remaining parts, terms or provisions of this Agreement shall not be affected and such provisions shall remain in full force and effect. Upon any finding by any government agency or court of competent jurisdiction that Section 3 above is illegal or invalid, Employee agrees to execute a valid and enforceable general release.

1.Breach of Agreement. In the event Employee materially breaches any portion, or challenges the enforceability, of this Agreement, Employee (i) forfeits all Consulting Benefits from the date of such breach or threatened breach; provided that (A) the Company provides Employee seven (7) days written notice (“Notice Period”) to Employee’s personal email address on file with the Company and his counsel, Donald Kaczkowski at dak@mcdonaldlaw.com, explaining the alleged breach or threatened breach, and (B) Employee does not promptly thereafter cure any curable breach during the Notice Period,
(ii) pay the Company for all attorneys’ fees, expenses and costs the Company incurs in any action arising out of Employee’s breach or threatened breach of this Agreement if the Company prevails in any legal action arising out of Employee’s breach/threatened breach, and (iii) pay the Company for any and all other damages to which the Company may be entitled at law or in equity as a result of a breach of this Agreement. Notwithstanding the foregoing, in no case shall Employee forfeit compensation already received under Section 2(a)(i) prior to the end of the Notice Period. Employee acknowledges and agrees that Employee will not, and may not, exercise any stock options under an Award Agreement during the Notice Period. In addition, Employee acknowledges and agrees that the Company may withhold from any payments due under this Agreement any amounts owed by Employee to the Company. If the Company materially breaches this Agreement, then the Company shall pay for Employee’s attorneys’ fees, expenses and costs incurred in any legal action arising out of the Company’s breach or threatened breach of this Agreement if the Employee prevails in any such action.

1.No Admission of Liability. This Agreement shall not in any way be construed as an admission by the Company or Employee of any acts of wrongdoing or violation of any statute, law, or legal right. Rather, the Parties specifically deny and disclaim that either has any liability to the other, but are willing to enter this Agreement at this time to definitely resolve once and forever this matter and to avoid the costs, expense, and delay of litigation.

1.Binding Effect of Agreement. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors, assigns, executors, administrators, heirs and estates. The Released Parties are third-party beneficiaries of this Agreement.

1.Knowing and Voluntary Waiver of Claims and Execution of Agreement; Consideration Period. Employee, by Employee’s free and voluntary act of signing below, acknowledges that (a) Employee has been given a period of five (5) days to consider whether to agree to the terms contained herein (“Review Period”); and (b) Employee knowingly agrees to all of the terms of this Agreement and intends to be legally bound thereby. Employee acknowledges that Employee has been afforded a reasonable period of time to consider the terms of this Agreement and waiver of claims prior to its execution. Employee further acknowledges that Employee has read this Agreement in its entirety; that Employee fully understands all of the terms of the Agreement and their significance; and that Employee has signed the Agreement voluntarily and of Employee’s own free will. This Agreement shall not become effective until Employee signs this Agreement (“Effective Date”). No payments due to Employee under this Agreement shall be made or begin before the Effective Date. The signed Agreement must be returned to the Company, Attn: Ryan Langston at ryan.langston@goosehead.com before the end of the Review Period.
2.Entire Agreement. This Agreement and the Surviving Agreements constitute the entire agreement and understanding between the Parties with respect to the subject matter hereof, and fully supersede all prior and contemporaneous negotiations, understandings, representations, writings, discussions and/or agreements between the Parties, whether oral or written, pertaining to or concerning the subject matter of this Agreement. No oral statements or other prior written material not specifically incorporated into this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated into this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all Parties to this Agreement.

1.Disclaimer of Reliance. Except for the specific representations expressly made by the Company in this Agreement, Employee specifically disclaims that Employee is relying upon or has relied upon on any communications, promises, statements, inducements, or representation(s) that may have been made, oral or written, regarding the subject matter of this Agreement. The Parties represent that they are relying solely and only on their own judgment in entering into this Agreement. Therefore, Employee understands that Employee is precluded from bringing any fraud or similar claim against the Company associated with any such communications, promises, agreements, statements, inducements, understandings, or representations. In addition, Employee acknowledges and agrees that the Company has not made any warranty or representation to Employee with respect to the income tax consequences of this Agreement or any of the transactions contemplated herein, and Employee further represents that Employee is in no manner relying on the Company or any of its’ respective directors, managers, officers, employees or authorized representatives (including attorneys, accountants, consultants, bankers, lenders, prospective lenders, or financial representatives) for tax advice or an assessment of such tax consequences.

1.Employee Acknowledgments and Representations.

Employee acknowledges and represents that Employee has not been denied any leave, benefits or rights to which Employee may have been entitled under any other federal or state law.

Employee acknowledges and represents that, as of the date of this Agreement and except as expressly provided in this Agreement, Employee has been paid all wages, bonuses, compensation, equity and benefits related to Employee’s employment, with the exception of any right Employee may have under the terms of a written ERISA qualified benefit plan or this Agreement.

Employee warrants and represents that Employee has not taken any Confidential Information for any purpose not permitted in this Agreement or necessary to perform Employee duties under this Agreement.

Employee acknowledges and represents that Employee has not suffered any on the job injury for which Employee has not already filed a claim.

Employee acknowledges that neither this Agreement nor the Company’s offer to enter into this Agreement constitutes an admission of any liability or unlawful conduct or discriminatory acts of any kind by the Company or any Released Party, or anyone acting under their supervision or on their behalf.

Employee acknowledges and represents that Employee has had the opportunity to provide the Company with written notice of any and all concerns regarding suspected ethical and/or compliance issues or violations on the part of the Company or any other Released Parties.

1.No Waiver. Failure of the Company to exercise and/or delay in exercising any right, power or privilege in this Agreement shall not operate as a waiver. No waiver of the Company’s rights hereunder shall be effective unless it is in writing and signed by the Company. The Company’s waiver of any provision of the Agreement shall not constitute (i) a continuing waiver of that provision, or (ii) a waiver of any other provision of this Agreement. Furthermore, no waiver of any breach of any provision shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision.

1.Counterparts. This Agreement may be executed by the Parties in multiple counterparts, whether or not all signatories appear on these counterparts (including via electronic signatures and exchange of PDF documents via email), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

1.Consulting. If Employee incurs expenses for travel, room, or board in connection with Consulting requested by the Company, Company shall reimburse Employee for same, provided that Employee has obtained prior approval from the Company for such expenses.

[Remainder of Page Intentionally Left Blank]

By executing this Agreement, Employee acknowledges that: (i) Employee has considered the terms of this Agreement; (ii) Employee has been advised to consult with an attorney prior to executing this Agreement and, in fact, have consulted with an attorney before executing this Agreement or intentionally elected not to do so; (iii) Employee has read this Agreement and fully understand its terms and their import; (iv) except as provided for in this Agreement, Employee has no contractual right or claim to the benefits described herein; (v) the consideration provided for herein is good and valuable; and (vi) Employee is entering into this Agreement voluntarily, deliberately of Employee’s own free will, with all the information needed to make an informed decision to enter this Agreement, and without any coercion, undue influence, threat, or intimidation of any kind or type whatsoever.

ACCEPTED AND AGREED TO BY: 

EMPLOYEE

By: /s/ Mark S. Colby
Date: 9/15/2022

GOOSEHEAD INSURANCE, INC.

By: /s/ P. Ryan Langston
Title: Chief Legal Officer
Date: 9/15/2022Exhibit 10.1

 

THIS SENIOR PROMISSORY NOTE (THIS “NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR
INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

SENIOR PROMISSORY NOTE

 

	Principal Amount: $300,000	Dated October 26, 2022

 

Mount Rainier Acquisition
Corp. a Delaware corporation (the “Maker”), promises to pay to the order of DC Rainier SPV LLC, a Delaware limited
liability company (the “Payee”), the principal sum of three hundred thousand dollars and zero cents ($300,000) in lawful
money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or
wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time
designate by written notice in accordance with the provisions of this Note.

 

		1.	Principal; Bridge to Business Combination. The principal balance of this Promissory Note (this
 “Note”) shall be payable on the earlier of January 3, 2023 or the Closing of the Business Combination, in immediately
available U.S. dollars, without set off or counterclaim. The principal balance may be prepaid at any time without penalty. If any amount
hereunder shall be due on a day when banks are allowed to close in the State of New York (“Business Day”), payment
shall be due on the next following Business Day. Capitalized terms not set forth herein shall have the meanings set forth in the Business
Combination Agreement, dated as of March 23, 2022, as amended on June 19, 2022, by and among the Company, HUB Cyber Security
(Israel) Ltd., a company organized under the laws of the State of Israel and its wholly-owned subsidiary, Rover Merger Sub Inc., a Delaware
corporation.

 

		2.	Interest. Interest shall accrue on the unpaid principal balance of this Note at a rate of Ten (10%)
Percent per annum until all obligations due to Payee under this Note are paid in full.

 

		3.	Non-Convertible; Non-Recourse. This Note shall not be convertible into any securities of Maker,
and Payee shall have no recourse with respect to Payee’s ability to convert this Note into any securities of Maker. It is understood
and agreed that this provision does not prevent the Payee to accept any form of payment for this Note or reorganization or exchange of
this Note, including, without limitation, in the form of securities, whether or not as part of bankruptcy or reorganization proceedings.

 

		4.	Application of Payments. The Payee may apply and reapply any payment received hereunder to any
amounts owing hereunder in its sole discretion.

 

     

     

    

 

		5.	Events of Default. Each of the following shall constitute an event of default (“Event
of Default”):

 

		(a)	Failure to Make Required Payments. Failure by Maker to pay the principal of this Note when due
(whether at maturity, because of a mandatory prepayment provision or acceleration or otherwise) or to pay any other amount due under this
Note within 5 business days after the due date thereof; or

 

		(b)	Voluntary Liquidation, Etc. The commencement by Maker or any subsidiary thereof of a proceeding
under any law relating to bankruptcy, insolvency, reorganization, rehabilitation, arrangement, adjustment of debt, relief of debtors,
dissolution, liquidation, insolvency, winding up, adjustment, protection, relief or composition of debts or other similar law (“Insolvency
Laws”), or the consent by it to the appointment of, or taking possession by, a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) for Maker or for any substantial part of its property, or the making by it of any assignment
for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate
action by Maker in furtherance of any of the foregoing; or

 

		(c)	Involuntary Bankruptcy, Etc. (A) The commencement by any person other than Maker of a case
against Maker or any of its subsidiaries under any Insolvency Law that is not dismissed within 45 days , or (B) the commencement
of any proceeding the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for Maker
or for any substantial part of its property, or (C) any order is entered declaring Maker or any of its subsidiaries insolvent or
bankrupt or ordering the winding-up or liquidation of the affairs of Maker or any of its subsidiaries ; or

 

		(d)	Insolvency. Maker or any of its subsidiaries is not able to pay its debt as they become due, or
shall admit in writing its inability to pay its debts as they mature or shall make a general assignment for the benefit of creditors or
shall call a meeting of creditors with a view of arranging a composition, adjustment or restructuring of its debts; or

 

		(e)	Cross-Default. An event of default (or any other event which with the passage of time or the giving
or notice or both would become an event of default) occurs under any other indebtedness of Maker; or

 

		(f)	Repudiation of Note. Maker shall provide at any time notice to the Payee, including by way of public
announcement, of the Maker’s intention to not honor any provision of this Note (including requests for conversions of this Note
in accordance with the terms hereof); or

 

		(g)	Corporate Authorization. Maker or any Subsidiary thereof, by any act or failure to act, expressly
indicates its consent to, approval of or acquiescence in any of the actions described in any of the clauses above or takes any corporate
or other action to authorize or otherwise for the purpose of effecting any such action; or

 

     

     

    

 

		(h)	Judgment. Any monetary judgment, writ or similar final process shall be entered or filed against
the Maker or any of its subsidiaries or any of their assets and such judgment, writ or similar final process shall remain unvacated, unbonded
or unstayed for a period of forty-five (45) calendar days; or

 

		(i)	Levy or Lien. The occurrence of any levy upon or seizure or attachment of or lien upon any asset
of any Maker or any Subsidiary thereof and any such levy, seizure or attachment shall not be set aside, bonded or discharged within thirty
(30) days after the date; or

 

		(j)	Allegation of Fraud. Any allegation by any governmental or quasi-governmental authority of fraud,
misconduct or other impropriety in connection with its public offering.

 

		6.	Remedies.

 

		(a)	Upon the occurrence of an Event of Default specified in Section 5 hereof (other than clauses (b) or
(c)), Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount
of this Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest
or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same
to the contrary notwithstanding.

 

		(b)	Upon the occurrence of an Event of Default specified in Section 5(b) or 5(c) hereof, the
unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become
due and payable, in all cases without any action on the part of Payee and without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding..

 

		7.	Covenants. Maker covenants that at the Closing of the Business Combination, the Unpaid SPAC Liabilities
and Unpaid SPAC Expenses, including the unpaid principal balance and interest due under this Note, shall not exceed an aggregate of Ten
Million ($10,000,000) Dollars.

 

		8.	Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment
for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections
in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present
or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from
attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for
payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of
execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

     

     

    

 

		9.	Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance,
performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard
to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or
modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that
may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

		10.	Notices. Any notice called for hereunder shall be deemed properly given if (i) sent by certified
mail, return receipt requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail
or delivery service providing receipted delivery or (iv) sent by email or (v) to the following addresses or to such other address
as either party may designate by notice in accordance with this Section:

 

If to Maker:

 

DC Rainier SPV LLC

C/o Dominion Capital LLC

256 West 38th Street, 15th Floor

New York, NY 10018

Attention: Legal Notices

Email: legal@domcapllc.com

 

If to Payee:

 

C/o Dominion Capital LLC

256 West 38th Street, 15th Floor

New York, NY 10018

Attention: Matthew Kearney

Email: matthewk@rainieracquisitioncorp.com

 

Notice shall be deemed given on the earlier of (i) actual
receipt by the receiving party, (ii)if sent by email, the date shown as sent on an email without any delivery failure, (iii) the
date reflected on a signed delivery receipt, or (iv) two (2) Business Days following tender of delivery or dispatch by express
mail or delivery service.

 

		11.	Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK.

 

     

     

    

 

		12.	Jurisdiction and Waiver of Jury Trial. The courts of the State of New York located in the Borough
of Manhattan (and appropriate appellate courts) have non-exclusive jurisdiction to settle any dispute directly or indirectly arising out
of or in connection with this agreement (including a dispute relating to any non-contractual obligations arising out of or in connection
with this agreement) and the parties submit to the non-exclusive jurisdiction of the courts of New York. Notwithstanding the foregoing,
nothing in this Note shall prevent the Payee from enforcing this Note in any jurisdiction where the assets of the Maker are or may be
located. Each party hereto hereby irrevocably waives trial by jury in any action or proceeding with respect to, or directly or indirectly
arising out of, under or in connection with, this Note or the transactions contemplated therein or related thereto (whether founded in
contract, tort or any other theory). Each party hereto (A) certifies that no other party and no representative of any such other
party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing
waiver and (B) acknowledges that it and the other parties hereto have been induced to enter into this Note by the mutual waivers
and certifications in this Section.

 

		13.	Severability; Counterparts. Any provision contained in this Note which is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. This Note may be executed in any number of counterparts and by different parties in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart. Signature
or delivery of an executed signature page of this Note by facsimile transmission or by e-mail or by other electronic transmission
shall be as effective as manual signature or, as the case may be, delivery of a manually executed counterpart hereof.

 

		14.	Trust Waiver; Use of Proceeds. Notwithstanding anything herein to the contrary, the Payee hereby
waives any and all right, title, interest or claim of any kind (“Claim”) in or to any amounts contained in the trust
account (the “Trust”) in which the proceeds of the initial public offering (the “IPO”) conducted
by (the “SPAC”) and the proceeds of the sale of securities in a private placement which occurred prior to the effectiveness
of the IPO, as described in greater detail in the registration statement and prospectus filed with the Securities and Exchange Commission
in connection with the IPO, were be placed, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim
from the trust account or any distribution therefrom for any reason whatsoever. The proceeds of this Note will be used for the Maker to
make an additional investment in the SPAC, to pay various expenses of the SPAC and for general corporate purposes.

 

		15.	Amendment; Waiver. Any amendment or other modification hereto or waiver of any provision hereof
may be made with, and only with, the written consent of the Maker and the Payee.

 

		16.	Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be
made by the Maker (by operation of law or otherwise) without the prior written consent of the Payee and any attempted assignment without
the required consent shall be void.

 

     

     

    

 

		17.	Further Assurances. The Maker shall, at its own cost and expense, execute and do (or procure to
be executed and done by any other necessary party) all such deeds, documents, acts and things as the Payee may from time to time require
as may be necessary to give full effect to this Note.

 

		18.	Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter
or impair the obligation of the Maker, which is absolute and unconditional, to pay the principal of, and other amounts, as applicable,
on this Note, without set off or counterclaim, at the time, place, and rate, and in the coin or currency, herein prescribed. This Note
is a direct debt obligation of the Maker. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set
forth herein and is at least pari passu with all indebtedness and other obligations of the Maker, and is not subordinated to any such
indebtedness or other obligation.

 

IN
WITNESS WHEREOF, each party hereto, intending to be legally bound hereby, has caused this Note to be duly executed on the day
and year first above written.

 

	 	MOUNT
    RAINIER ACQUISITION CORP.
	 	 
	 	 
	 	By: 	/s/ Matthew Kearney
	 	 	Name: Matthew Kearney
	 	 	Title: Authorized Signatory
	 	 	Signed on: October 26, 2022
	 	 
	 	 	Accepted and Agreed:
	 	 
	 	 
	 	DC
    Rainier SPV LLC
	 	 	By: Dominion Capital, LLC,
	 	 	as Manager
	 	 
	 	 
	 	By: 	/s/ Mikhail
    Gurevich
	 	 	Name: Mikhail Gurevich
	 	 	Title: Authorized Signatory
	 	 	Signed on: October 26, 2022

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