Document:

Exhibit 10.1

 

 

ASSET SALE AND PURCHASE AGREEMENT

 

THIS ASSET SALE AND PURCHASE AGREEMENT
is made and entered into as of July 11, 2016 (this “Agreement”), by and among FITNESS 24/7 EB Inc., a
Pennsylvania company (“Seller”), ELLENI BERGER, the sole owner of Seller (the “Owner”)
and GOLDEN GLOBAL CORP., a Nevada corporation (“Buyer”). Seller, Owner and Buyer are sometimes referred
to herein individually, as a “Party” and collectively, as the “Parties.”

 

RECITAL

 

WHEREAS,
Seller operates a fitness center located in West Mifflin, Pennsylvania (the “Business”); and

 

WHEREAS, Seller wishes
to sell, transfer and convey to Buyer and Buyer wishes to purchase from Seller, substantially all the assets of Seller relating
to the Business (the “Assets”), all on the terms and conditions set forth herein.

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the 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:

 

ARTICLE I

SALE AND PURCHASE OF ASSETS

 

Section 1.01         Sale
and Purchase of Assets.         Upon the terms and subject to the conditions
of this Agreement, on the Closing Date (as hereinafter defined), Seller is selling, transferring and conveying to Buyer and Buyer
is purchasing and acquiring from Seller, all of Seller's right, title to and interest in all of the properties, rights and assets
of Seller, wherever situated, of every kind, nature and description, tangible or intangible, constituting part of the Business,
whether arising by contract, law or otherwise, except for the Excluded Assets (as hereinafter defined), all as the same shall exist
on the Closing Date (the “Assets”), including, without limitation, the following:

 

(a)          all
furniture, fixtures, equipment and other fixed assets and leasehold improvements used in connection with or related to the Business;

 

(b)          all lists, mailing
lists, documents, information and records (whether in printed form or computer or other electronic media) related, in each case,
to past, present and prospective customers of the Business;

 

 

     

     

    

 

(c)          copies of all existing
files, accounting records, correspondence, internal reports and contractual documents related to the Business, including databases
and records, whether in print, digital or other electronic format;

 

(d)          all copy, films, digital
media, mechanicals, graphics, artwork, camera-ready plates, plate-making film, photographs and other reproduction materials related
to the Business, whether in the possession of Seller or third parties;

 

(e)          all promotional and
marketing materials, whether in print, digital or other electronic format;

 

(f)          all intellectual property
used in the Business, including, without limitation, all trade names, (including, without limitation, the name “Fitness
24/7”), trademarks and service marks, domain names and URLs set forth on Schedule 1.01(f);

 

(g)          each contract, agreement,
commitment or arrangement related to the Business set forth on Schedule 1.01(g) (the “Assigned Contracts”);

 

(h)          all software, software
systems, databases and database systems, whether owned, leased or licensed, that are used in connection with the Business;

 

(i)          all
1-800 or other telephone numbers used in connection with the Business;

and

 

(j)          all of the goodwill and going concern value
related to the Business.

 

Section 1.02         Excluded
Assets.    The Assets shall not include, and Buyer acknowledges
that the following shall be excluded from the Assets (the “Excluded Assets”):

 

(a)          all of Seller’s accounts receivable
as of the Closing Date;

 

(b)          all cash and cash equivalents on hand as
of the Closing Date;

 

(c)          each contract, agreement, commitment or
arrangement related to the Business that is not included in the Assigned Contracts; and

 

(d)          copies of Seller’s company books
and records of internal company proceedings, tax records and work papers that Seller is required by law to retain.

 

Section 1.03         Assumed
Liabilities.    On the Closing Date, Buyer agrees to assume, pay,
perform and discharge or otherwise satisfy, as applicable, all executory obligations of Seller arising from and after the Closing
Date under the Assigned Contracts, except for any obligations for or in respect of non-performance or breach by Seller of any Assigned
Contract (the “Assumed Liabilities”).

 

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Section 1.04         Excluded
Liabilities.    Except for the Assumed Liabilities, Buyer is not
assuming any liabilities of Seller of any nature whatsoever, whether absolute, accrued, contingent or otherwise, disclosed or undisclosed,
and whether or not relating to the Assets or the Business (the “Excluded Liabilities”).

 

Section 1.06         Purchase
Price.   In consideration of the sale, transfer and conveyance
of the Assets by Seller to Buyer, Buyer hereby agrees to assume the Assumed Liabilities in accordance with Section 1.03 on
the Closing Date, and to pay to Seller the sum of $100,000.00 (the “Purchase Price”). Buyer shall pay the Purchase
Price to Seller at Closing by wire transfer in immediately available funds to such bank account as may be designate by Seller in
writing.

 

ARTICLE II

CLOSING

 

Section 2.01         Closing.   The
closing of the transactions contemplated by hereby (the “Closing”) shall take place contemporaneously with
the execution of this Agreement.

 

Section 2.02         Closing
Deliverables.

 

		(a)	At the Closing, Seller shall deliver to Buyer the following:

 

(i)          A
Bill of Sale in the form of Exhibit A hereto (the “Bill of Sale”), duly executed by Seller, conveying
and transferring the Assets to Buyer or a wholly-owned subsidiary of Buyer designated by Buyer the “Subsidiary”);

 

(ii)         An
Assignment and Assumption Agreement in the form of Exhibit B hereto, (the “Assignment and Assumption Agreement”),
duly executed by Seller, conveying and transferring the Assigned Contracts to Buyer or the Subsidiary and providing for the assumption
of the Assigned Liabilities by Buyer; and

 

(iii)        Such
other documents as may be necessary to effect the consummation of the transactions contemplated by this Agreement.

 

		(b)	At the Closing, Buyer shall deliver to Seller the following:

 

(i)          Payment
of the Purchase Price as provided in Section 1.05;

 

(ii)         The
Assignment and Assumption Agreement, duly executed by Buyer; and

 

(iii)        Such
other documents as may be necessary to effect the consummation of the transactions contemplated by this Agreement.

  

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ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SELLER
AND OWNER

 

Seller and Owner, jointly and severally, represent and
warrant to Buyer as follows:

 

Section 3.01         Organization
and Qualification of Seller.   Seller is a corporation duly organized,
validly existing and in good standing under the laws of the Commonwealth of Pennsylvania.

 

Section 3.02         Authority
of Seller and Owner.   Seller and Owner have all necessary corporate
power and authority to enter into this Agreement, the Bill of Sale and the Assignment and Assumption Agreement (the “Transaction
Documents”) to which each is a party, to carry out their respective obligations hereunder and thereunder and to consummate
the transactions contemplated hereby and thereby. The execution and delivery by Seller and Owner of this Agreement and any other
Transaction Document to which they are a party, the performance by Seller and Owner of their respective obligations hereunder and
thereunder and the consummation by Seller and Owner of the transactions contemplated hereby and thereby have been duly authorized
by all requisite action on the part of Seller.

 

Section 3.03         No
Conflicts.   Neither the execution, delivery or performance by
Seller and Owner of this Agreement or any other Transaction Document to which Seller or Owner is a party, nor the consummation
of the transactions contemplated hereby or thereby, nor compliance with the terms and provisions hereof or thereof, (a) will contravene
any provision of any applicable law, statute, rule or regulation, or any judgment, decree, franchise, ruling, order or permit of
any court or governmental authority applicable to Seller or Owner; (b) will conflict or be inconsistent with the organizational
documents of Seller; or (c) will result in the creation of or imposition of (or obligation to create or impose) any lien, security
interest, pledge, charge, claim or encumbrance of any kind (“Lien”) upon any of the Assets.

 

Section 3.04         No
Consents.   No order, consent, approval, license, registration
or validation of, or filing with, or exemption by, any governmental agency, commission, board or public authority or any third
party is required to authorize, or is required in connection with, the execution, delivery or performance by Seller or Owner of
this Agreement or any other Transaction Document to which Seller or Owner is a party.

 

Section 3.04         Title
to and Condition and Sufficiency of Assets.   Seller has, and
is transferring to Purchaser hereunder, good, valid and marketable title to all of the Assets, free and clear of any and all Liens.
All of the Assets are usable in the ordinary course of the Business for the purposes and uses intended and are in good working
condition, reasonable and ordinary wear and tear excepted. The Assets comprise all of the assets, properties, and rights of every
type and description, real, personal and mixed, tangible or intangible, used or employed by Seller in operating the Business, other
than the Excluded Assets.

 

Section
3.05         Litigation.   There
are no lawsuits, inquiries, proceedings or investigations pending or, to the best of Seller's and Owner’s knowledge,
threatened before any court or governmental or administrative body or agency against Seller or Owner related to (a) the
transactions contemplated by this Agreement and the other Transaction Documents; or (b) the Business or any of the Assets.
Neither Seller nor Owner is subject to any judgment, order or decree with respect to the Business and the Assets entered in
any lawsuit or proceeding.

 

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Section 3.06         Assigned
Contracts.  All of the Assigned Contracts are in full force and effect, will continue in full force and effect after the
Closing and may be transferred to Buyer pursuant to this Agreement. Neither Seller nor Owner is in or alleged to be in default,
nor to the best of Seller’s and Owner’s knowledge is any other party in or alleged to be in default, , under any of
the Assigned Contracts and to the best of Seller’s and Owner’s knowledge no event has occurred and no condition or
state of facts exists which, with the passage of time or the giving of notice or both, would constitute such a default or breach
by Seller, Owner or any other party under the Assigned Contracts.

 

Section 3.07         Compliance
with Laws.   Seller is in not violation of any applicable federal,
state or local law, rule, regulation or ordinance or any judgment, writ, decree, injunction order, permit or any other requirement
of any court or governmental agency or authority in any manner relating to the Assets, nor has Seller or Owner received any notice
alleging any such violation.

 

Section 3.08         Financial
Statements.   The financial statements attached as Exhibit
C hereto have been prepared from books and records maintained by Seller in accordance with United States generally accepted
accounting principles as in effect in the United States from time to time and consistently applied and consistent with past practice,
other than with respect to the absence of footnotes and fairly present in all material respects the financial condition and results
of operations of the Business as of the dates thereof and for the periods presented, subject to normal year-end adjustments.

 

Section 3.09         Brokers.    Except
for Transworld Business Advisors, which Seller and Owner shall be fully responsible, neither Seller nor Owner has incurred any
obligation or liability, contingent or otherwise, for brokers’ or finders’ fees or commissions in connection with the
execution and delivery of this Agreement and the other Transaction Documents or consummation of the transactions contemplated hereby
or thereby.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer represents and warrants to Seller and
Owner as follows:

 

Section 4.01         Organization
and Qualification of Buyer.   Buyer is a corporation, duly incorporated,
validly existing and in good standing under the laws of the State of Nevada.

 

Section
4.02         Authority of
Buyer.   Buyer has all necessary corporate power and authority to enter
into this Agreement and the other Transaction Documents to which it is a party, to carry out its obligations hereunder and
thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Buyer of this
Agreement and any other Transaction Document to which it is a party, the performance by Buyer of its obligations hereunder
and thereunder and the consummation by Buyer of the transactions contemplated hereby and thereby have been duly authorized by
all requisite action on the part of Seller.

 

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Section 4.03         No
Conflicts.   Neither the execution, delivery or performance by
Buyer of this Agreement or any other Transaction Document to which Buyer is a party, nor the consummation of the transactions contemplated
hereby or thereby, nor compliance with the terms and provisions hereof or thereof, (a) will contravene any provision of any applicable
law, statute, rule or regulation, or any judgment, decree, franchise, ruling, order or permit of any court or governmental authority
applicable to Buyer; or (b) will conflict or be inconsistent with the organizational documents of Buyer.

 

Section 4.04         No
Consents.   No order, consent, approval, license, registration
or validation of, or filing with, or exemption by, any governmental agency, commission, board or public authority or any third
party is required to authorize, or is required in connection with, the execution, delivery or performance by Buyer of this Agreement
or any other Transaction Document to which Buyer is a party.

 

ARTICLE V

SURVIVAL; INDEMNIFICATION

 

Section 5.01         Survival.   All
of the provisions of this Agreement shall survive the Closing indefinitely, except that the representations and warranties of Seller
and Owner, on one hand, and the representations and warranties of Buyer on the other hand, shall survive until the first anniversary
of the Closing Date.

 

Section 5.02        Indemnity
by Seller and Owner. Seller and Owner,, jointly and severally, shall indemnify and hold harmless Buyer and Buyer’s
directors, officers and employees from and against and in respect of any and all damages, losses, claims, penalties, liabilities,
costs and expenses (including, without limitation, all fines, interest, reasonable and actual legal fees and expenses and amounts
paid in settlement), that arise from or relate or are attributable to (a) any misrepresentation or breach of warranty by Seller
or Owner in this Agreement or any of the other Transaction Documents to which they are a party; or (b) any breach of any covenant
or agreement on the part of Seller or Owner in this Agreement or in any of the other Transaction Documents to which they are a
party.

 

Section 5.03         Indemnity
by Buyer.   Buyer shall indemnify and hold harmless Seller and
Owner from and against and in respect of any and all damages, losses, claims, penalties, liabilities, costs and expenses (including,
without limitation, all fines, interest, reasonable and actual legal fees and expenses and amounts paid in settlement), that arise
from or relate or are attributable to (and without giving effect to any tax benefit to the indemnified party) (a) any misrepresentation
or breach of warranty by Buyer in this Agreement or any of the other Transaction Documents to which Buyer is a Party; or (b) any
breach of any covenant or agreement on the part of Buyer in this Agreement or any of the other Transaction Documents to which Buyer
is a Party.

 

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Section 5.04         Notice
to Indemnitor; Right of Parties to Defend.   Promptly after the assertion
of any claim by a third party or occurrence of any event which may give rise to a claim for indemnification from an indemnifying
Party ("Indemnitor") under this Article V, an indemnified Party ("Indemnitee") shall notify
the Indemnitor in writing of such claim. The Indemnitor shall have the right to assume the control and defense of any such action,
provided that the Indemnitee may participate in the defense of such action subject to the Indemnitor's reasonable direction and
at Indemnitee's sole cost and expense. The Party contesting any such claim shall be furnished all reasonable assistance in connection
therewith by the other Party or Parties and be given full access to all information relevant thereto. In no event shall any such
claim be settled without the Indemnitor's consent.

 

ARTICLE VI

MISCELLANEOUS

 

Section 6.01         Expenses.      Except
as otherwise expressly provided herein, all costs and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the Party incurring such costs and expenses.

 

Section 6.02         Further
Assurance.   The Parties agree after the Closing they will, from
time to time, upon the request of each other, and without further consideration, execute, acknowledge and deliver in proper form
any further assignment and take such action as the Parties may reasonably require in order to more effectively carry out the purposes
of and otherwise to comply with the true intent of this Agreement.

 

Section 6.03         Publicity.   Without
the consent of the other Party or Parties or unless required by law, either Party shall be able to issue a press release or any
statement to the print or electronic media with regard to this Agreement and the transactions contemplated hereby.

 

Section 6.04         Severability.   If
any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other term or provision of this Agreement.

 

Section 6.05         Entire
Agreement.   This Agreement and the other Transaction Documents
constitute the sole and entire agreement of the Parties with respect to the subject matter contained herein and therein.

 

Section 6.06         Binding
Agreement; No Assignment; No Third-Party Beneficiaries.   This
Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective heirs, legal representatives
and successors and assigns. No Party may assign its or her rights or obligations hereunder without the prior written consent of
the other Party or Parties. This Agreement is for the sole benefit of the Parties hereto and their respective heirs, legal representatives
and successors and permitted assigns.

 

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Section 6.07         Amendment
and Modification; Waiver.  This Agreement may only be amended,
modified or supplemented by an agreement in writing signed by the Parties hereto.

 

Section 6.08         Governing
Law; Waiver of Jury Trial: Attorney’s Fees.

 

(a)          This Agreement shall
be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania without reference to conflict
of law principles.

 

(b)         The Parties waive any right to a trial
by jury.

 

(c)         If any action is brought
to interpret or enforce this Agreement or any of the Transaction Documents, the prevailing Party or Parties shall be entitled to
recover attorney’s fees and costs from the other Party or Parties at both the trial and appellate levels.

 

Section 6.05         Notices.     All
communications between the Parties with respect to any of the provisions of this Agreement shall be sent by certified mail, return
receipt requested or by nationally recognized overnight courier and shall be deemed given upon receipt.

 

 

	If to Seller or Owner to:	150 Millview Drive
	 	Pittsburgh, PA 15238
	 	Attention:  Eleni Berger

 

	If to Buyer to:	Golden Global Corp. 
	 	21573 San Germain Dr. 
	 	Boca Raton, FL 33433
	 	Attention:  CEO

 

or such other addresses as shall be furnished in writing by any
Party in the manner for giving notices hereunder.

 

Section 6.06         Counterparts.   This
Agreement may be executed in one or more counterparts (including by facsimile, .pdf or other electronic transmission), each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[SIGNATURE
PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed as of the date first written above.

 

	 	SELLER:
	 	 
	 	FITNESS 24/7 EB, INC.

 

	 	By:	/s/ Elleni Berger
	 	 	Elleni Berger, Managing Member

 

	 	OWNER:
	 	 
	 	/s/ Elleni Berger
	 	Elleni Berger

 

	 	BUYER:
	 	 
	 	GOLDEN GLOBAL CORP.
	 	 
	 	By:	/s/ Erik Blum
	 	 	Erik Blum, CEO

 

    	 	9 | PageExhibit 10.3

 

DIRECTOR NOMINATION AGREEMENT

 

DIRECTOR NOMINATION AGREEMENT, dated as of
         , 2016 (this “Agreement”), by and among Kinsale Capital Group, Inc., a Delaware corporation (the “Company”),
Moelis Capital Partners Opportunity Fund I, L.P. and Moelis Capital Partners Opportunity Fund I-A, L.P. (collectively, together
with their respective Permitted Transferees, the “Moelis Funds”).

 

WHEREAS, the Company has determined that it
is in its best interests to effect an initial public offering (“IPO”) of shares of common stock, par value $0.01
per share, of the Company (the “Common Stock”); and

 

WHEREAS, in connection with the IPO, the Company
and the Moelis Funds desire to enter into this Agreement setting forth certain rights and obligations with respect to the nomination
of directors to the Board of Directors of the Company (the “Board”) and other matters relating to the Board
from and after the IPO.

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

Section 1.     Definitions. As used in this
Agreement, the following terms shall have the meanings ascribed to them below:

 

“Affiliate” means, with
respect to a specified Person, any Person that directly, or indirectly through one or more intermediaries, controls or is controlled
by, or is under common control with, the Person specified. For purposes of this definition, “control” (including the
terms “controlling,” “controlled by” and “under common control with”) means the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise.

 

“By-Laws” means the Amended
and Restated By-Laws of the Company, as may be amended from time to time.

 

“First Threshold Date”
means the first date on which the Moelis Funds cease to beneficially own 35% or more of the total number of shares of Common Stock
outstanding.

 

“Certificate of Incorporation”
means the Amended and Restated Certificate of Incorporation of the Company, as may be amended from time to time.

 

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“Permitted Transferee”
shall mean, with respect to the Moelis Funds, (i) any Affiliates of the Moelis Funds, which for purposes of this definition only
includes any investment fund or holding company that is directly or indirectly managed or advised by the same manager or investment
adviser as the Moelis Funds or by an Affiliate of such manager or investment adviser, and (ii) any member or general or limited
partner of the Moelis Funds.

 

“Person” means any individual,
corporation, partnership, limited liability company, joint venture, association, trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof.

 

“Second Threshold Date”
means the first date on which the Moelis Funds cease to beneficially own 20% or more of the total number of shares of Common Stock
outstanding.

 

“Third Threshold Date”
means the first date on which the Moelis Funds cease to beneficially own 10% or more of the total number of shares of Common Stock
outstanding.

 

Section 2.     Board Number; Board Nomination.

 

(a)     Until the First Threshold Date, the
Moelis Funds shall have the right (but not the obligation) pursuant to this Agreement to submit for nomination to the Board three
(3) individuals and the Company shall obtain any necessary approvals from the Board, the Compensation, Nominating and Corporate
Governance Committee of the Board or other duly authorized committee of the Board and shall include in the slate of nominees recommended
to stockholders of the Company (the “Stockholders”) for election as a director at any annual or special meeting
of the Stockholders (or, if permitted, by any action by written consent of the Stockholders) at which directors of the Company
are to be elected, the up to three individuals identified in advance by the Moelis Funds.

 

(b)     After the First Threshold Date and
until the Second Threshold Date, the Moelis Funds shall have the right (but not the obligation) pursuant to this Agreement to submit
for nomination to the Board two (2) individuals and the Company shall obtain any necessary approvals from the Board, the Compensation,
Nominating and Corporate Governance Committee of the Board or other duly authorized committee of the Board and shall include in
the slate of nominees recommended to the Stockholders for election as a director at any annual or special meeting of the Stockholders
(or, if permitted, by any action by written consent of the Stockholders) at which directors of the Company are to be elected, the
up to two individuals identified in advance by the Moelis Funds.

 

(c)     After the Second Threshold Date and
until the Third Threshold Date, the Moelis Funds shall have the right (but not the obligation) pursuant to this Agreement to submit
for nomination to the Board one (1) individual and the Company shall obtain any necessary approvals from the Board, the Compensation,
Nominating and Corporate Governance Committee of the Board or other duly authorized committee of the Board and shall include in
the slate of nominees recommended to the Stockholders for election as a director at any annual or special meeting of the Stockholders
(or, if permitted, by any action by written consent of the Stockholders) at which directors of the Company are to be elected, the
one individual identified in advance by the Moelis Funds (any such individuals identified pursuant to Section 2(a), Section 2(b)
or Section 2(c) hereof, the “Moelis Nominees”).

 

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(d)     In the event that the Moelis Funds
have nominated less than the total number of individuals that the Moelis Funds shall be entitled to nominate pursuant to this Section
2(a), Section 2(b) or Section 2(c), then the Moelis Funds shall have the right, at any time, to nominate such additional individual(s)
to which the Moelis Funds are entitled, in which case, the Company shall cause the Board to take all necessary corporate action
to (1) increase the size of the Board as required to enable the Moelis Funds to so nominate such additional individuals and (2)
nominate such additional individuals identified by the Moelis Funds to fill such newly created vacancies.

 

(e)     Vacancies arising through the death,
resignation or removal of any Moelis Nominee who was nominated to the Board pursuant to this Section 2, may be filled by the Board
only with a Moelis Nominee, and the director so chosen shall hold office until the next election and until his or her successor
is duly elected and qualified, or until his or her earlier death, resignation or removal.

 

(f)     Notwithstanding the provisions of
this Section 2, the Moelis Funds shall not be entitled to designate a Person as a nominee to the Board upon a written determination
by the Compensation, Nominating and Corporate Governance Committee of the Board or equivalent duly authorized committee of the
Board with nominating responsibility (which determination shall set forth in writing reasonable grounds for such determination)
that such Person would not be qualified under any applicable law, rule or regulation to serve as a director of the Company. In
such an event, the Moelis Funds shall be entitled to select a Person as a replacement nominee and the Company shall cause such
Person to be nominated as the Moelis Nominee at the same meeting (or, if permitted, pursuant to the same action by written consent
of the Stockholders) as such initial Person was to be nominated. Other than with respect to the issue set forth in the first sentence
of this Section 2(f), neither the Company nor any other party to this Agreement shall have the right to object to any Moelis Nominee.
Notwithstanding anything in this Agreement to the contrary, no Moelis Nominee shall be required to qualify as an independent director
under applicable rules or regulations of the U.S. Securities and Exchange Commission or a stock exchange on which shares of Common
Stock are listed.

 

(g)     Until the Third Threshold Date, the
Company shall notify the Moelis Funds in writing of the date on which proxy materials are expected to be mailed by the Company
in connection with an election of directors at an annual or special meeting of the Stockholders (and the Company shall deliver
such notice at least 60 days (or such shorter period to which the Moelis Funds consent, which consent need not be in writing) prior
to such expected mailing date or such earlier date as may be specified by the Company reasonably in advance of such earlier delivery
date on the basis that such earlier delivery is necessary so as to ensure that such nominee may be included in such proxy materials
at the time such proxy materials are mailed). The Company shall provide the Moelis Funds with a reasonable opportunity to review
and provide comments on any portion of the proxy materials relating to the Moelis Nominees or the rights and obligations provided
under this Agreement and to discuss any such comments with the Company. The Company shall notify the Moelis Funds of any opposition
to a Moelis Nominee in accordance with Section 2(f) sufficiently in advance of the date on which such proxy materials are to be
mailed by the Company in connection with such election of directors so as to enable the Moelis Funds to propose a replacement Moelis
Nominee, if necessary, in accordance with the terms of this Agreement, and the Moelis Funds shall have 10 business days to identify
such replacement Moelis Nominee.

 

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(h)     The Company shall cause the Board
to maintain a Compensation, Nominating and Corporate Governance Committee and subject to applicable laws and stock exchange regulations
(including any phase in periods or other limitations thereunder), the Moelis Funds shall have the right (but not the obligation)
to have a Moelis Nominee that is then a director of the Company serve as a member of the Compensation, Nominating and Corporate
Governance Committee.

 

(i)     In the event that the Moelis Funds
cease to have the requisite nomination rights pursuant to Section 2, the Moelis Funds shall use their best efforts to cause the
applicable Moelis Nominee to resign as promptly as practicable thereafter.

 

(j)     So long as this Agreement shall remain
in effect, subject to applicable legal requirements, the By-Laws and the Certificate of Incorporation shall accommodate and be
subject to and not in any respect conflict with the rights and obligations set forth herein.

 

Section 3.     Miscellaneous.

 

(a)     Effective Date. This Agreement
shall become effective upon the closing of the IPO.

 

(b)     Governing Law. This Agreement
and the rights and obligations of the parties hereto and the Persons subject hereto shall be governed by, and construed and interpreted
in accordance with, the laws of the State of Delaware, without giving effect to the choice of law principles thereof.

 

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(c)     Certain Adjustments. The provisions
of this Agreement shall apply to the full extent set forth herein with respect to any and all shares of capital stock of the Company
or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in
respect of, in exchange for, or in substitution for the shares of Common Stock, by combination, recapitalization, reclassification,
merger, consolidation or otherwise and the term “Common Stock” shall include all such other securities.

 

(d)     Enforcement. Each of the parties
hereto agrees that in the event of a breach of any provision of this Agreement, the aggrieved party may elect to institute and
prosecute proceedings in any court of competent jurisdiction to enforce specific performance or to enjoin the continuing breach
of this Agreement. Such remedies, however, shall be cumulative and not exclusive, and shall be in addition to any other remedy
which any party hereto may have.

 

(e)     Jurisdiction. In any judicial
proceeding involving any dispute, controversy or claim arising out of or relating to this Agreement, each of the parties hereto
unconditionally accepts the non-exclusive jurisdiction and venue of any United States District Court located in the State of Delaware,
or of the Court of Chancery of the State of Delaware, and the appellate courts to which orders and judgments thereof may be appealed.
In any such judicial proceeding, each of the parties hereto agrees that in addition to any method for the service of process permitted
or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided pursuant
to the directions in Section 3(h). EACH OF THE PARTIES HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE,
CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

(f)     Successors and Assigns. Except
as otherwise provided herein, the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective heirs, legal representatives, successors and permitted assigns.

 

(g)     Entire Agreement; Termination.
This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subject matter
hereof and supersedes all prior oral or written (and all contemporaneous oral) agreements or understandings with respect to the
subject matter hereof. This Agreement shall terminate and be of no further force and effect at such time as the Moelis Funds cease
to beneficially own at least 10% of the total number of shares of Common Stock outstanding.

 

    	5

    	 

    

(h)     Notices. All notices, requests,
demands, waivers, consents and other communications required or permitted to be given under this Agreement shall be in writing
and shall be deemed to have been duly given if (a) delivered personally, (b) mailed by certified or registered mail with postage
prepaid, (c) sent by next-day or overnight mail or delivery with proof of receipt maintained or (d) sent by fax, to the following
addresses (or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof):

 

If to the Company:

 

Kinsale Capital Group, Inc.

2221 Edward Holland Drive, Suite
600

Richmond, VA 23230

Attention: Michael P. Kehoe

Facsimile No.: [●]

 

with a copy (which shall not constitute notice)
to:

 

Skadden, Arps, Slate, Meagher &
Flom LLP

Four Times Square

New York, NY 10036

Attention: Dwight S. Yoo

Facsimile No.: (212) 735-2000

 

If to the Moelis Funds:

 

c/o Moelis Capital Partners LLC

399 Park Avenue, 6th Floor

New York, New York 10022

Attention: Marie Bober

Facsimile No.: [●]

 

and

 

c/o Nexphase Capital LLC

399 Park Avenue, 6th Floor

New York, New York 10022

Attention: Joel Killion

Facsimile No.: [●]

 

with copies (which shall not constitute notice)
to:

 

Ropes & Gray LLP

Prudential Tower, 800 Boylston Street

Boston, MA 02199-3600

Attention: Craig E. Marcus

Facsimile: (617) 235-0514

 

    	6

    	 

    

and

 

Ropes & Gray LLP

1211 Avenue of the Americas

New York, NY 10036-8704

Attention: Christopher B. Parsons

Facsimile: (646) 728-1588

 

All such notices, requests, demands, waivers,
consents and other communications shall be deemed to have been received by (a) if by personal delivery, on the day delivered, (b)
if by certified or registered mail, on the fifth business day after the mailing thereof, (c) if by next-day or overnight mail or
delivery, on the day delivered, or (d) if by fax, on the day delivered, provided that such delivery is confirmed.

 

(i)     Waiver. Waiver by any party
hereto of any breach or default by the other party of any of the terms of this Agreement shall not operate as a waiver of any other
breach or default, whether similar to or different from the breach or default waived. No waiver of any provision of this Agreement
shall be implied from any course of dealing between the parties hereto or from any failure by either party to assert its or his
or her rights hereunder on any occasion or series of occasions.

 

(j)     Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute
one and the same instrument.

 

(k)     Headings. The headings in
this Agreement are for the convenience of the parties only and shall not control or affect the meaning or construction of any provision
hereof.

 

(l)     Invalidity of Provision. The
invalidity or unenforceability of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability
of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision,
in any other jurisdiction.

 

(m)     Amendments and Waivers. The
provisions of this Agreement may be amended at any time and from time to time, and particular provisions of this Agreement may
be waived or modified, with and only with an agreement or consent in writing signed by each of the parties hereto.

 

    	7

    	 

    

(n)     Further Assurances. Each party
hereto shall do and perform or cause to be done and performed all such further acts and things and shall execute and deliver all
such other agreements, certificates, instruments and documents as any other party hereto or Person subject hereto may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement. The Company shall not directly or indirectly
take any action that is intended to, or would reasonably be expected to result in, the Moelis Funds being deprived of the rights
contemplated by this Agreement.

 

(o)     No Third-Party Beneficiaries.
This Agreement is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies.

 

[Remainder of Page
Intentionally Left Blank]

 

    	8

    	 

    

IN WITNESS WHEREOF this Agreement has been
signed by each of the parties hereto, and shall be effective as of the date first above written.

 

	 	KINSALE CAPITAL GROUP, INC.
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	Moelis Capital Partners Opportunity Fund I, L.P.
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	Moelis Capital Partners Opportunity Fund I-A, L.P.
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

    	9

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