Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This agreement
is made and entered into this 30th day of April 2007 (the “Effective Date”), by and between Sam Moore
Furniture LLC (“Employer”), a wholly owned subsidiary of Hooker Furniture Corporation (“Parent”), and Michael C. Moldenhauer (“Executive”) (each a “Party” and collectively, the “Parties”).

 WHEREAS, Executive was previously employed as President of Sam Moore Furniture Industries, Inc. (“Seller”); 
 WHEREAS, Employer has acquired the business and substantially all of the assets of Seller; 
 WHEREAS, Executive was a key executive with Seller with expertise in the management of the manufacture and marketing of upholstered chairs with exposed
wooden frames; and 
 WHEREAS, Employer desires to assure continuance of Executive’s service in connection with such business; and

 WHEREAS, the Parties agree that a covenant not to compete is essential to the growth and stability of the business of Seller during the
first years after its acquisition by Employer and to the continuing viability of such business whenever the employment to which this Agreement relates is terminated; 
 1. Employment. Upon the Effective Date, Employer shall employ and Executive agrees to become employed as President and Chief Executive Officer of Employer, which has been established to operate the former
assets and business of Seller, and to perform such different or other duties as may be assigned to him by Employer from time to time by the Chief Executive Officer of Parent (the “Parent CEO”). Executive will devote his full working time
and best efforts to the diligent and faithful performance of such duties as may be entrusted to him from time to time by Employer, and shall observe and abide by the corporate policies and decisions of Employer and Parent in all business matters.

 2. Term. Executive’s employment shall continue under this Agreement for a period beginning on the Effective Date of this
Agreement and ending three (3) years thereafter. 
 3. Compensation. Employer shall pay and Executive shall accept as full
consideration for the services to be rendered hereunder compensation consisting of the items listed below. Employer shall have no obligation to pay any such compensation for any period after the termination of Executive’s employment, except as
otherwise expressly provided. 
 (a) Salary, paid pursuant to Parent’s normal payroll practices, at an annual rate of $240,000 per year
or such other rate as may be established prospectively by the Compensation Committee of the Board of Directors of Parent (the “Compensation Committee”) 

 
from time to time consistent with the range of salaries for officers of Employer and/or Parent with a similar level of responsibility to Executive. All such
payments shall be subject to deduction and withholding authorized or required by applicable law. 
 (b) An Annual Bonus with respect to each
fiscal year of the Parent (the “Performance Year”) during the term of this Agreement , beginning with the Performance Year that began on January 29, 2007. The Annual Bonus shall be computed as a percentage of Executive’s salary
as in effect for the Performance Year, not to exceed 25% of such salary. The terms and conditions of the Annual Bonus, including the applicable performance criteria for a Performance Year, and the determination of the amount of the Annual Bonus
payable to the Executive for a Performance Year (if any) shall be determined in the sole discretion of the Parent CEO. The Annual Bonus will be paid by no later than April 1 of the calendar year in which the Performance Year ends. 

(c) Such other benefits, payments, or items of compensation as are provided under the employee benefit plans of the Employer, or as are made available
from time to time under compensation policies set by Parent for management employees of Employer and/or Parent having similar salary and level of responsibility, including but not limited to vacation. 
 (d) Employer shall reimburse Executive, in accordance with the general policies and practices of Parent as in effect from time to time, for normal
out-of-pocket expenses incurred by Executive in the ordinary course of business, including without limitation, Parent’s standard mileage allowance for business use of any personal vehicle, business related travel, customer entertainment,
cellular telephone expense and professional organizations. 
 4. Disability or Death. 
 (a) Disability. If at any time during the Term of this Agreement, Executive becomes disabled and he has not breached any of the provisions of this
Agreement, compensation shall continue to be paid to him according to the Employer’s normal payroll schedule while he is still living, but only for the first six (6) month period during which he shall be so disabled. Such payments
shall be in lieu of any other disability benefit payable for such period under any other employee benefit plan, policy or practice of the Employer or the Parent. In such event, Employer may, at its sole option, retain Executive in its employment and
continue payment of Executive’s compensation for an additional period of up to 23 months (for maximum of 29 months total) until he is able to return to work, or Employer may terminate this Agreement. If the Employer exercises its discretion to
terminate the Agreement on account of the Executive’s disability, the Executive shall not be entitled to any further compensation or benefits under this Agreement (except for such compensation or benefits to which the Executive may be entitled
under the terms of any employee benefit plan of the Employer or the Parent). For purposes of this Section 4(a), Executive shall be considered “disabled” if he has suffered any medically 

 
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six
months, where such impairment causes the Executive to be unable to perform the duties of his position of employment or any substantially similar position of employment with the Employer. 
 (b) Death. If Executive should die during the Term of this Agreement, Executive’s employment and Employer’s obligations hereunder (other
than pro rata payment of salary) shall terminate as of his death. In such event, the Employer shall pay the Executive an Annual Bonus for the Performance Year in which the Executive died, which shall be prorated for the period ending on the date of
the Executive’s death. Such Annual Bonus, if any, shall be paid by no later than April 1 of the calendar year in which such Performance Year ends. 
 5. Termination by Employer. 
 (a) Cause. Employer may terminate the employment of Executive
under this Agreement during its Term for Cause. “Cause” shall include Executive’s fraud, dishonesty, theft, embezzlement, misconduct by Executive injurious to the Employer, Parent or any of their respective affiliates, conviction of,
or entry of a plea of guilty or nolo contendere to, a crime that constitutes a felony or other crime involving moral turpitude, competition with Employer, Parent or any of their respective affiliates, unauthorized use of any trade secrets of
Employer, Parent or any of their respective affiliates or Confidential Information (as defined below), a violation of any policy, code or standard of ethics generally applicable to employees of the Employer, Executive’s material breach of
fiduciary duties owed to Employer, Executive’s excessive and unexcused absenteeism unrelated to a disability, or, following written notice and a reasonable opportunity to cure, gross neglect by Executive of the duties assigned to him. In such
event no further Salary shall be paid to Executive after the date of termination and no Annual Bonus shall be paid to Executive after the date of termination, including any Annual Bonus with respect to the portion of any fiscal year preceding the
date of termination. Executive shall retain only such rights to participate in other benefits as are required by the terms of those plans, Employer’s polices, or applicable law. 
 (b) Without Cause. Employer may terminate the employment of Executive under this Agreement during its Term without Cause. In such event, however,
Executive, while living, shall be entitled to continue to receive his then current base Salary and Annual Bonus for a period of twelve (12) months following such termination of employment or the remaining Term of this Agreement, whichever is
less (the “Severance Period”). Annual Bonus payment(s), if otherwise payable under the terms described and referenced in Section 3(b) above, shall be made on the date(s) described in Section 3(b) above, and shall include pro rata
payment for the Severance Period. Notwithstanding the foregoing, the total amount payable under this Section 5(b) shall not exceed the applicable dollar limit imposed under Treasury Regulation Section 1.409A-1(b)(9)(iii), or any successor
or replacement section thereto. 

 6. Employment Upon Expiration of Agreement. If Executive is still employed by Employer when this
Agreement expires by the conclusion of its Term, Executive’s employment with Employer may or may not continue thereafter, but any such employment shall be “at will,” and may be terminated by either Employer or Executive at any time,
with or without cause, except as otherwise agreed in writing by Employer and Executive. 
 7. Confidential Information and Return of
Property. “Confidential Information” means any written, oral, or other information obtained by Executive in confidence from Seller, Employer, Parent or any of their respective affiliates, including without limitation information about
their respective operations, financial condition, business commitments or business strategy, as a result of his employment with Employer or Seller unless such information is already publicly known through no fault of any person bound by a duty of
confidentiality to Seller, Employer, Parent or any of their respective affiliates. Executive will not at any time, during or after his employment with Employer, directly or indirectly disclose Confidential Information to any person or entity other
than authorized officers, directors and employees of Employer or Parent. Executive will not at any time, during or after his employment with Employer, in any manner use Confidential Information on behalf of himself or any other person or entity
other than Employer, or accept any position in which he would have a duty to any person to use Confidential Information against the interests of Employer, Parent or any of their respective affiliates. Upon termination of his employment for any
reason, Executive will promptly return to Employer all property of Employer or Parent, including documents and computer files, especially where such property contains or reflects Confidential Information. Nothing in this Agreement shall be
interpreted or shall operate to diminish such duties or obligations of Executive to Employer that arise or continue in effect after the termination of Executive’s employment hereunder, including without limitation any such duties or obligations
to maintain confidentiality or refrain from adverse use of any of Employer’s trade secrets or other Confidential Information that Executive may have acquired in the course of Executive’s employment. 
 8. Disclosure and Ownership of Work Related Intellectual Property. Executive shall disclose fully to Employer any and all intellectual property
(including, without limitation, inventions, processes, improvements to inventions and processes, and enhancements to inventions and processes, whether or not patentable, formulae, data and computer programs, related documentation and all other forms
of copyrightable subject matter) that Executive conceives, develops or makes during the term of his employment and that in whole or in part result from or relate to Executive’s work for Employer (collectively, “Work Related Intellectual
Property”). Any such disclosure shall be made promptly after each item of Work Related Intellectual Property is conceived, developed or made by Executive, whichever is sooner. Executive acknowledges that all Work Related Intellectual Property
that is copyrightable subject matter and which qualifies as “work made for hire” shall be automatically owned by Employer. Further, Executive hereby assigns to Employer any and all rights which Executive has or may have in Work Related
Intellectual Property that is copyrightable subject matter and that, for any reason, does not qualify as “work made for hire.” If any Work Related Intellectual Property embodies or reflects any preexisting rights of Executive, Executive
hereby grants to Employer the irrevocable, perpetual, nonexclusive, worldwide, and royalty-free license to use, reproduce, display, perform, distribute copies of and prepare derivative works based upon such preexisting rights and to authorize others
to do any or all of the foregoing. 

 9. Covenant Not to Compete. Executive and Employer agree that after the consummation of the sale
of Seller’s business to Employer, Employer’s business will depend to a considerable extent on the individual efforts of Executive. Moreover, Executive recognizes that, by virtue of his employment with Employer, he will have access to
confidential and/or proprietary information relating to the Employer’s business. Accordingly, and in consideration of Employer’s agreement to employ Executive, Executive covenants and agrees that he will not, for the period of his
employment hereunder and for two (2) years thereafter, whether or not within the original Term of this Agreement, but in no event for less than three (3) years after the Effective Date hereof, engage directly or indirectly
(as principal, agent, or consultant or through any corporation, firm or organization in which he may be an officer, director, employee, shareholder, partner, member or be otherwise affiliated) in the design, development, manufacture, import or
wholesale sale of upholstered furniture, in any position in which he has responsibility for conducting, control over, influence over, or input into the management, policies, or strategies of any business competing with that being conducted by
Employer, Parent or any of their respective affiliates in any U.S. state, territory or district in which any of them is doing business upon the termination of his employment under this Agreement. This provision shall not, after the termination of
Executive’s employment under this Agreement, prohibit Executive from owning less than 2% of the stock of any publicly held corporation. 
 10. Non-Solicitation of Customers. Executive agrees that during the Term of this Agreement, and for a period of two (2) years thereafter, but in no event for less than three (3) years after the Effective Date
hereof, regardless of the circumstances of the termination or any claim that Executive may have against Employer under this Agreement or otherwise, Executive will not: 
 (a) Solicit or attempt to solicit, for purposes competitive with Employer, Parent or any of their respective affiliates, any person or entity who was an existing customer or employee of Employer, Parent or any of
their respective affiliates within one (1) year prior to the termination of Executive’s employment hereunder; 
 (b) Any
person or entity from whom Employer, Parent or any of their respective affiliates or Executive was, within the one (1) year period prior to the termination of Executive’s employment hereunder, actively soliciting or preparing to
solicit for the purpose of establishing a customer, employment, or other business relationship; or 
 (c) Solicit or encourage any vendor,
supplier or employee of Employer, Parent or any of their respective affiliates to cease doing business with Employer, Parent or any of their respective affiliates or to divert goods or services previously provided to Employer, Parent or any of their
respective affiliates to any person or entity other than Employer, Parent or any of their respective affiliates. 

 11. Equitable Relief. Executive acknowledges and agrees that a breach of any of the covenants made
by him in Sections 7, 8, 9 and 10 above would cause irreparable harm to Employer, Parent or any of their respective affiliates for which there would be no adequate remedy at law. Accordingly, in the event of any threatened or actual breach of any
such covenant, Executive agrees that Employer shall be entitled to enforce any such covenant by injunctive and other appropriate equitable relief in any court of competent jurisdiction, in addition to all other remedies available. If Executive
breaches Sections 9 or 10 above, the duration of the period identified shall be computed from the date he resumes compliance with the covenant or from the date Employer is granted injunctive or other equitable relief by a court of competent
jurisdiction enforcing the covenant, whichever shall first occur, reduced by the number of days Executive was not in breach of the covenant after termination of employment, or any delay in filing suit, whichever is greater. 
 12. Assignment. Employer may assign this Agreement to any other entity acquiring all or substantially all of the assets of Employer or to any
other entity into which or with which Employer may be merged or consolidated. Upon such assignment, merger, or consolidation, the rights of Employer under this Agreement, as well as the obligations and liabilities of Employer hereunder, shall inure
to the benefit of and be binding upon the assignee, successor-in-interest, or transferee of Employer. This Agreement is not assignable in any respect by Executive. 
 13. Invalid Provisions. It is not the intention of either Party to violate any public policy, or any statutory or common law. If any sentence, paragraph, clause or combination of the same in this Agreement is
in violation of the law of any State where applicable, such sentence, paragraph, clause or combination of the same shall be void in the jurisdictions where it is unlawful, and the remainder of the Agreement shall remain binding on the Parties.
However, the Parties agree, and it is their desire that a court should substitute for each such illegal, invalid or unenforceable covenant a reasonable and judicially-enforceable limitation in its place, and that as so modified the covenant shall be
as fully enforceable as if set forth herein by the Parties themselves in the modified form. 
 14. Entire Agreement; Amendments. This
Agreement contains the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof. This Agreement may be amended in whole or in part
only by an instrument in writing setting forth the particulars of such amendment and duly executed by both Parties. 
 15. Multiple
Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same instrument. 
 16. Governing Law. The validity, construction, interpretation and enforceability of this Agreement and the capacity of the parties shall be
determined and governed by the laws of the Commonwealth of Virginia, without regard to the conflict of law rules contained therein. 

 17. Taxes. All payments made under this Agreement shall be subject to the Employer’s
withholding of all required foreign, federal, state and local income and employment/payroll taxes, and all payments shall be net of such tax withholding. The parties intend that any payment under this Agreement shall, to the extent subject to
Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”) be paid in compliance with Code Section 409A and the Treasury Regulations thereunder such that there shall be no adverse tax consequences,
interest, or penalties as a result of the payments, and the parties shall interpret the Agreement in accordance with Code Section 409A and the Treasury Regulations thereunder. The parties agree to modify this Agreement or the timing (but not
the amount) of any payment to the extent necessary to comply with Section 409A of the Code and avoid application of any taxes, penalties, or interest thereunder. However, in the event that the payments under the Agreement are subject to any
taxes (including, without limitation, those specified in Code Section 409A), the Executive shall be solely liable for the payment of any such taxes. 
 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first written above. 
  

			
	EMPLOYER
		
	By:	 	 /s/ Edwin L. Ryder

		 	Edwin L. Ryder
		 	Executive Vice President,
		 	Hooker Furniture Corporation, and
		 	Vice President, Sam Moore Furniture LLC
	
	EXECUTIVE
		
		 	 /s/ Michael C. Moldenhauer

		 	Michael C. Moldenhauer
		 	President, Sam Moore Furniture LLCForm of Restricted Share Agreement

 Exhibit 10.27 
 RESTRICTED SHARE AGREEMENT 
 ([            ]) 
 This RESTRICTED SHARE AGREEMENT
(this “Agreement”) is dated as of [            ], by and between GEOVERA INSURANCE HOLDINGS, LTD. , an exempted company incorporated in the Islands of Bermuda (the
“Company”), and [            ] (the “Shareholder”). 
 WHEREAS, the Company wishes to issue to the Shareholder a certain number of the Company’s Common Shares (as defined in Section 1.1 hereof) under the 2007 Incentive Award Plan, as amended from time to time (the
“Plan”), on the terms and subject to the restrictions contained in this Agreement; 
 WHEREAS, all capitalized terms
used but not defined in this Agreement shall have the meanings given to such terms in the Plan; and 
 NOW, THEREFORE, in
consideration of the mutual promises and agreements set forth herein, the Company and the Shareholder agree as follows: 
 1. GENERAL

 1.1. Definitions. AS USED HEREIN, THE FOLLOWING TERMS SHALL HAVE THE MEANINGS SPECIFIED BELOW: 
 “Act” has the meaning specified in Section 5(a) hereof. 
 “Agreement” has the meaning specified in the preamble hereto. 
 “Board” means the Board of Directors of the Company. 
 “Change of Control” has the meaning specified in the Plan. 
 “Common
Shares” means the common shares, par value $0.0001 per share, of the Company. 
 “Company” has the meaning
specified in the preamble hereto. 
 “Distributions” has the meaning specified in Section 7.1. 
 “Original Price Per Share” means $[            ] per share for each Common
Share. 
 “Person” an individual, partnership, limited liability company, corporation, association, trust, joint venture,
unincorporated organization, or any government, governmental department or agency or political subdivision thereof. 
 “Plan” has the meaning specified in the recitals hereto. 

 “Shares” has the meaning set forth in Section 2(a) of this Agreement and includes
all other shares of share capital issued with respect thereto by way of dividend or share split or in connection with any merger, consolidation, recapitalization or reorganization affecting the Company’s share capital. 
 “Shareholder” has the meaning specified in the preamble hereto. 
 “Subsidiary” means any corporation, association, trust, or other business entity, of which the designated parent shall at any time own
or control directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes) of the outstanding shares of share capital (or other shares of beneficial interest) which are (a) entitled ordinarily, in the
absence of contingencies, to vote for the election of a majority of such business entity’s directors (or Persons exercising similar functions), even though the right so to vote has been suspended by the happening of such a contingency, or
(b) entitled at the time to vote for the election of a majority of such business entity’s directors (or Person exercising similar functions), whether or not the right so to vote exists by reason of the happening of a contingency.

 “Termination of Service” means the later of the termination of the Shareholder’s service as member of the Board or
the termination of the Shareholder’s services as a consultant to the Company if the Shareholder enters into a written consulting agreement with the Company, for any reason, including, without limitation, for resignation, death or Disability of
the Shareholder, and whether or not for Cause. 
 “Transfer” has the meaning specified in Section 4 hereof. 

“Unvested Shares” has the meaning specified in Section 3.1 hereof. 
 “Vested Shares” has the meaning specified in Section 3.1 hereof. 
 “Vesting Date” has the meaning specified in Section 7.1(b). 
 “Vesting Date Payment” has the meaning specified in Section 7.1(b). 
 1.2. Incorporation of Terms of Plan. The Shares and this Agreement are subject to the terms and conditions of the Plan which are
incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 
 2. PURCHASE AND SALE OF SHARES. Subject to (i) the terms and conditions hereinafter set forth and in reliance on the representations and warranties contained herein, and (ii) the Company’s receipt of any and all
necessary consents, authorizations and approvals of the transactions contemplated by this Agreement, and in consideration of the services to be provided by the Shareholder to the Company and its Subsidiaries, the Company hereby agrees to issue to
the Shareholder, on the date hereof [            ] restricted Common Shares of the Company (the “Shares”). As of the date hereof, the Company shall deliver to the
Shareholder a certificate or certificates representing the Shares (each such certificate to bear the legends set forth in Section 6 hereof). 

 3. VESTING AND REPURCHASE OF SHARES. Initially, all of the Shares shall be considered
“Unvested Shares”. On the date which is one year from the date hereof, unless the Shareholder has incurred a Termination of Service prior to such date, one hundred percent (100%) of the Shares shall become “Vested
Shares.” In the event of a Change in Control, in connection with which the successor corporation does not assume the Shares or substitute an equivalent right for the Shares, that occurs prior to a Termination of Service (the first such
event, a “Vesting Acceleration Event”), the then Unvested Shares shall become Vested Shares upon the occurrence of such Vesting Acceleration Event. No Shares which have not already become Vested Shares shall become Vested Shares
upon or after the Termination of Service for any reason. 
 4. RESTRICTIONS ON TRANSFER. The Shareholder may not sell, assign,
transfer, pledge, gift or otherwise dispose of the Unvested Shares. 
 5. INVESTMENT REPRESENTATIONS. (a) The Shareholder
represents that the Shares are being acquired for the Shareholder’s own account for investment and not with a view to the distribution thereof. The Shareholder understands that the Shares have not been registered under the Securities Act of
1933, as amended (the “Act”), on the grounds that the offer and sale of the Shares to her are exempt from the registration requirements of the Act under Section 4(2) thereof as a transaction not involving any public offering of
the Shares. The Shareholder understands that the Company’s reliance on such exemption is predicated in part on the representations of the Shareholder which are contained herein. 
 (b) The Shareholder understands that the Shareholder must bear the economic risk of his investment in the Shares for an indefinite period of time because
the Shares have not been registered under the Act and, therefore, cannot be sold unless they are subsequently registered under the Act or an exemption from such registration is available. 
 (c) The Shareholder represents that the Shareholder is an “accredited investor” (as defined in Rule 501 under the Act). 
 6. LEGENDS; STOP TRANSFER. (a) Each certificate representing the Shares shall bear legends in or substantially in the following form:

 “THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO TRANSFER, SALE OR
OTHER DISPOSITION OF THESE SHARES MAY BE MADE UNLESS A REGISTRATION STATEMENT WITH RESPECT TO THESE SHARES HAS BECOME EFFECTIVE UNDER SAID ACT, OR THE COMPANY HAS BEEN FURNISHED WITH AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED. 
 THE SHARES EVIDENCED BY THIS CERTIFICATE ARE ALSO SUBJECT TO CERTAIN PROVISIONS REGARDING RESTRICTIONS UPON
TRANSFER CONTAINED IN A RESTRICTED SHARE AGREEMENT, DATED AS OF [            ], AND THE GEOVERA INSURANCE HOLDINGS, 

 
LTD. 2007 INCENTIVE AWARD PLAN COPIES OF WHICH WILL BE FURNISHED BY THE COMPANY TO THE HOLDER OF THE SHARES EVIDENCED BY THIS CERTIFICATE UPON WRITTEN
REQUEST AND WITHOUT CHARGE. 
 (b) In addition, the Company shall make a notation regarding the restrictions on transfer of the Shares in the
stock books of the Company, and such Shares shall be transferred on the books of the Company only if and when transferred or sold in compliance with all of the terms and conditions of this Agreement. 
 7. DIVIDEND AND OTHER DISTRIBUTIONS ON THE SHARES 
 7.1. Distributions on the Shares. If any dividends or other distributions are paid on Common Shares (collectively, “Distributions”): 
 (a) the Shareholder shall be entitled to receive and retain any Distributions in respect of any Vested Shares; 
 (b) the Company shall retain any Distribution in respect of any Unvested Shares until such time as such Unvested Shares become Vested Shares in
accordance with the terms of this Agreement, and on the applicable vesting date (each, a “Vesting Date”), the Company shall pay to the Shareholder an amount (each such amount, a “Vesting Date Payment”) equal to the
sum of (X) the amount of any Distributions that have been retained by the Company in accordance with this clause (b) on the Unvested Shares that have become Vested Shares on such Vesting Date, plus (Y) interest thereon from the
date of the applicable Distribution until such Vesting Date calculated at an annual rate set by the Board that is approximately equal to the rate that represents the yield on the Company’s operating Subsidiaries cash and investments during such
period. Upon the Termination of Service at any time and for any reason, the Shareholder shall automatically forfeit any right to any Distributions that have been retained by the Company in accordance with this clause (b) (including any interest
thereon) in respect of any Unvested Shares that have not become Vested Shares as of the date of the Termination of Service. Any payments under this clause (b) shall be made solely from the general assets of the Company. The Company shall have
no obligation and does not intend to establish, maintain or contribute to any trust, insurance contract, or other fund for the purpose of making or reserving for payments of dividends on Unvested Shares. The Shareholder shall have no greater rights
to any of the assets of the Company as a result of becoming entitled to a dividend on the vesting of previously Unvested Shares than the rights of any other general unsecured creditor of the Company. 
 8. GENERAL. 
 8.1.
Notices. Notices required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid,
addressed to the Participant to his address shown in the Company records, and to the Company at its principal executive office. 
 8.2. Equitable Remedies. Each of the parties hereto acknowledges and agrees that upon any breach by the Shareholder of the Shareholder’s obligations under Sections 3 or 4 

 
hereof, the Company will have no adequate remedy at law, and accordingly will be entitled to specific performance and other appropriate injunctive and
equitable relief. 
 8.3. Severability. If any provision of this Agreement is or becomes invalid, illegal or
unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired. 
 8.4. Waivers. No delay or omission by either party hereto in exercising any right, power or privilege hereunder shall impair such right, power or privilege, nor shall any single or partial
exercise of any such right, power or privilege preclude any further exercise thereof or the exercise of any other right, power or privilege. 
 8.5. Counterparts. This Agreement may be executed in multiple counterparts (including by facsimile), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 8.6. Assigns. This Agreement shall not be assignable or transferable by the Shareholder without the Company’s
prior written consent thereto. 
 8.7. Entire Agreement. This Agreement contains the entire understanding of the
parties, supersedes all prior agreements and understandings relating to the subject matter hereof and shall not be amended except by a written instrument hereafter signed by each of the parties hereto. Nothing in this Agreement shall be construed as
a grant to the Shareholder of any right to continuing membership on the Company’s Board of Directors or any other service relationship with the Company or any Subsidiary or to restrict in any way the right to terminate the Shareholder’s
service relationship with the Company at any time. 
 8.8. Governing Law. This Agreement and the obligations of the
parties hereunder shall be governed by, and construed, interpreted and enforced, in accordance with, the laws of Bermuda, without reference to applicable principles of conflicts of laws that would mandate the applicable of the laws of another
jurisdiction. 
 9. SECTION 83(B) ELECTION. The Shareholder and the Company acknowledge that the Shareholder may elect, in
accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended, to recognize ordinary income in this calendar year with respect to the acquisition of the Shares. To the extent that the Shareholder so elects, the Shareholder and
the Company agree that the fair market value of the Shares on the date hereof is equal to the aggregate Original Price Per Share of the Shares, and shall reflect such fair market value to the extent required on any Federal, state or local income tax
return or filing. The Shareholder further agrees that the Shareholder will file a Section 83(b) election form with the Internal Revenue Service within thirty (30) days after the date hereof. 
 [Remainder of page intentionally left blank; signature page follows] 
  

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

			
	THE COMPANY:	  	 GEOVERA INSURANCE HOLDINGS, LTD.
  
 By:                                      
                                        
                                     
 

		
	THE SHAREHOLDER:	  	  
                                       
                                        
                                        
     

 [Signature Page to Restricted Share Agreement]

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