Document:

2009 Annual Incentive Plan

 Exhibit 10.17 

CORSAIR MEMORY, INC. 

2009 ANNUAL INCENTIVE PLAN 

Annual incentive compensation for Corsair Memory Inc.’s (the “Company”) executive officers under the 2009 Annual Incentive
Plan (“AIP”) is based on the achievement of pre-established company and individual objectives for the year and is paid in cash. Awards under the AIP are paid in March of each year based on the prior year’s performance. All of the
Company’s executive officers, including its Chief Executive Officer, are eligible to receive annual cash incentive compensation under the AIP. 

The compensation committee establishes (1) performance measures based on company and individual performance and (2) a formula
for calculating a participant’s award based on actual performance compared to the pre-established performance goals. The Chief Executive Officer recommends to the compensation committee a proposed approach to setting performance measures and
targets. The established performance measures for the executive officers under the AIP were a combination of company performance and individual performance, weighted two-thirds towards company performance and one-third towards individual
performance. The Company weights the annual incentive award to company performance. The target incentive award is 20% of the executive officer’s annual base salary with a maximum incentive award opportunity of 75% of annual base salary for
Mr. Flahaux and 100% of annual base salary for Mr. Paul and Mr. Hawkins. 
 Company performance. The
Company performance target was adjusted EBIT, which is defined as net income (loss) less other income (expense), net, plus interest expense, net, loss on revaluation of common stock warrants, income tax expense (benefit) and stock-based compensation
(benefit) expense. Payout for the Company performance is triggered if performance exceeds 10% of the prior year’s adjusted EBIT up to 150% of the prior year’s adjusted EBIT. 

Individual performance. The compensation committee gives no specific weighting to individual performance goals, and it evaluates
individual performance in a non-formulaic manner. The one-third of the target incentive award that is based on individual performance is calculated based on a multiple that ranges from 0.0 to 1.5 times of the target incentive award opportunity
allocated to individual performance. If the executive officer’s performance meets, but does not exceed, expectations, he receives a multiple of 1 times the target incentive award. The individual performance based award does not depend on the
achievement of the Company performance goal.2009 Profit Sharing Plan

 Exhibit 10.19 

CORSAIR MEMORY, INC. 

2009 PROFIT SHARING PLAN 

Corsair Memory, Inc. (the “Company”) maintains a profit sharing plan which, in 2009, was available to all regular full-time and
part-time employees other than some employees based in Taiwan who participate in a separate bonus plan. The profit sharing plan is based on earnings performance. Payouts under the profit sharing plan are made quarterly only to those individuals who
are employees on the date of such payout and who worked for the Company for at least 60 days during the relevant quarter. The Company contributes a percentage of adjusted EBT, which the Company defines as adjusted EBIT less interest expense.
Adjusted EBIT is calculated as net income (loss) less other income (expense), net plus interest expense, net, loss on revaluation of common stock warrants, income tax expense (benefit) and stock-based compensation (benefit) expense. The amount paid
to each participating employee is based on years of service and level for the first three years of employment, then based on level after three years of employment.Offer letter with Paul McGuire

 Exhibit 10.23 

April 27, 2006 
 Paul McGuire 

[address] 
 Dear Paul: 

On behalf of Corsair Memory, I am pleased to offer you a position as Vice President of Worldwide Sales, reporting to Andy Paul, President. Your start
date will be as soon as possible but no later than June 1, 2006. 
 Your base salary will be $225,000 per annum, or $18,750.00 per month.
As with all Senior Managers at Corsair, you will be eligible to receive a bonus each calendar year of employment depending on company performance. A first year Senior Manager Bonus of 10% of your base salary will be guaranteed, pro rata based on
your actual start date. 
 In addition, you will receive a monthly commission of $5,416.67 ($65,000 annually) if you achieve 100% of the
Corporate Sales Plan. For the balance of 2006, your monthly commission will be guaranteed if the actual monthly sales’ does not meet the sales plan. The attached document is the sales plan for 2006 which you will be tracked against. 

Salaries and commissions are paid twice monthly on the 15th and the last day of each month. 

Corsair offers a full service benefits plan that includes: a) 3 weeks paid vacation per year, which is accrued on a monthly basis; b) medical and
chiropractic through Healthnet or medical through Kaiser; c) dental, orthodontics (for children), life insurance and long-term disability through United Concordia; d) vision through Vision Service Plan (VSP); supplemental insurance through Colonial;
f) after 90 days you will be eligible to join the Corsair 401K plan; and g) you will be eligible to participate in Corsair’s profit sharing plan per profit sharing plan documents. 

Should your employment with Corsair Memory Inc. be terminated un-voluntarily, then Corsair Memory Inc. will cover your first three (3) months of
eligible Cobra expenses. 
 Corsair will also offer you a Stock Grant of 20,000 shares, at the current ESOP price of $27.03. This grant will
have a three (3) year reverse vesting schedule. Corsair will also offer, as part of this Stock Grant, to provide you a 

 
loan of $540,600 which will be forgiven over a three (3) year period. The loan will have a fixed interest rate of 7.75% (today’s prime rate) which will also be forgiven over the three
(3) year period. Only “owned” shares of stock will be eligible to be factored into any Shareholder Bonuses. 
 In addition, you
will be given an opportunity to purchase up to 15,000 shares after 90 days of employment at the then independent valuation ESOP price per share. At the time of purchase, you will be required to pay a minimum of 10% of the purchase price. Corsair
will advance you an interest bearing secured loan for the balance of the stock purchase. The loan will be for a period of three (3) years and the interest rate will be fixed for the duration of the loan and will equal the prime rate at the time
of purchase. Your first loan payment won’t be due until January 1, 2007 and you will be allowed to use shareholder bonuses, management bonuses and profit sharing to pay down the loan. This opportunity can be held open until the end of
2006, but the price cannot be guaranteed. However currently the expectation is that the ESOP price will remain at $27.03 for the balance of the year. 

In addition, at times during your employment at Corsair, other shares of stock may be available for purchase directly from other shareholders. The
company will endeavor to make available to you for purchase an additional 15,000 shares from other shareholders. These should be available at the current ESOP stock price, but you will have to negotiate with the individual shareholder any loan
program and up front payment. 
 Working hours are nominally 8:15AM to 5:30PM Monday to Friday although extra hours may be required to meet your
goals and objectives. 
 By signing acceptance of this offer, you agree that: 

 

	1)	You have the legal right to work in the United States. 

	2)	You do not have in your possession or will not bring into the company any proprietary data from any previous employer. 

Sincerely, 
 Corsair Memory Inc. 

/s/ Andrew Paul 
 Andrew Paul 

President 
  

									
	Accepted by	 	/s/ Paul McGuire	 		 	Date	 	5/8/06
					
	Printed Name	 	Paul McGuireFirst Amendment, dated June 30, 2010, to the Loan Agreement dated July 17, 2009

 Exhibit 10.1 

Execution Copy 

FIRST AMENDMENT AGREEMENT 

THIS FIRST AMENDMENT AGREEMENT (this “Amendment”) is dated as of June 30, 2010, between ASSURANCEAMERICA CORPORATION, a
Nevada corporation (the “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, successor in interest by merger to WACHOVIA BANK, NATIONAL ASSOCIATION (“Lender”); 

W I T N E S S E T H : 

WHEREAS, the Borrower and the Lender are parties to that certain Loan Agreement, dated as of July 17, 2009 (as amended, the
“Loan Agreement”); 
 WHEREAS, the Borrower has requested that Lender amend certain provisions of the Loan Agreement
and the Lender has so agreed, subject to the terms and conditions hereof; 
 NOW, THEREFORE, for and in consideration of the
above premises and other good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged by the parties hereto, the parties hereto agree as follows: 

1. Definitions; Amendment a Loan Document. Unless otherwise specifically defined herein, each capitalized term used herein which
is defined in the Loan Agreement shall have the meaning assigned to such term in the Loan Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each
reference to “this Agreement” and each other similar reference contained in the Loan Agreement shall from and after the date hereof refer to the Loan Agreement as amended hereby. This Amendment is a Loan Document. 

2. Amendments. Effective upon satisfaction of the terms and conditions to effectiveness set forth in Section 10 hereof:

 (a) Section 1.1(i) of the Loan Agreement is hereby amended and restated in its entirety as follows: 

(i) Subject to the terms and conditions of this Agreement, including, without limitation, the Post-Closing Funding
Conditions (defined in Section 2.1(e) below), Lender hereby agrees to make advances to Borrower under a revolving loan facility from time to time from the date of this Agreement (the “Closing Date”) through July 16, 2011, (the
“Maturity Date”), in the aggregate principal amount not exceeding ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 U.S. DOLLARS ($1,500,000.00) (the “Revolving Loan Facility”; the Revolving Loan Facility, along with all other
financial accommodations provided by the Lender to the Borrower under the terms of this Agreement from time to time, the “Loan Facility”). The proceeds of the Loan Facility shall be used as follows: (i) to fund the purchase price and
transaction costs incurred for Permitted Acquisitions (defined on Schedule 1.1 attached hereto), provided that advances to fund Permitted Acquisitions consisting of acquisitions of managing general agencies may not exceed $500,000 in the aggregate
for all such managing general agencies purchased, (ii) to fund short-term loans with maturities not exceeding 45 days (or the Maturity Date, if sooner) by Borrower to AAIC (defined below) from time to time at the end of any fiscal quarter of
AAIC not exceeding $500,000 in the aggregate at any time outstanding and (iii) otherwise solely for Borrower’s working capital needs in the ordinary course of business and general corporate needs in the ordinary course of business from
time to time. The principal amount of the Loan Facility outstanding at any time shall be evidenced by a revolving loan note issued by Borrower payable to the order of Lender dated as of even date herewith (as amended or otherwise modified from

 
time to time, “Note”). Borrower may borrow, prepay and reborrow advances under the Loan Facility at any time through but not including the Maturity Date. 

(b) A new Section 1.1(vi) of the Loan Agreement is hereby added as follows: 

(vi) Borrower agrees that the outstanding principal balance of the Revolving Loan Facility shall be repaid in full and no
loans under the Revolving Loan Facility may be outstanding for at least one period of 30 consecutive days during each 12 month period in which this Agreement is in effect. 

(c) Section 4.10 of the Loan Agreement is hereby amended and restated in its entirety as follows: 

SECTION 4.10. FINANCIAL CONDITION. Maintain Borrower’s financial condition as follows, calculated in accordance with
GAAP consistently applied and used consistently with prior practices (except to the extent modified by the definitions below): 

(a) Minimum Fixed Charge Coverage Ratio. A minimum Fixed Charge Coverage Ratio, tested quarterly, commencing with the
fiscal quarter ending June 30, 2010, and for each quarter thereafter, of not less than (i) 1.10 to 1.0 for each of the fiscal quarters ending June 30, 2010, and September 30, 2010, and (ii) 1.25 to 1.0 for each fiscal
quarter thereafter. “Fixed Charge Coverage Ratio” means, for the Borrower and its Subsidiaries for the fiscal quarter ending June 30, 2010, and thereafter, the quotient of (x) net income for the trailing 12 month period plus, to
the extent deducted from net income for the trailing 12 month period, the sum of (i) interest expense, (ii) income tax expense, (iii) depreciation, depletion, and amortization, (iv) non-cash stock option expenses for such period
not exceeding $500,000 for such period and (v) asset write-downs pertaining to acquisitions, non-cash write-downs and non-cash charges resulting from changes in GAAP accounting principles for such period not exceeding $500,000 in the aggregate
for such period, minus unfinanced capital expenditures for such period; divided by (y) the sum of (i) interest expense for the trailing 12 month period, (ii) cash taxes paid for the trailing 12 month period, (iii) dividends and
distributions (defined below) paid in the trailing 12 month period (other than dividends and distributions paid to the Borrower or a Subsidiary), and (iv) scheduled principal payments on long-term debt (including, without limitation, the
payments made in the 12 month period before maturity thereof and all other current maturities of long-term debt) and payments made with respect to the Debt of AAIC or AATC under the Indenture paid in the trailing 12 month period. As used herein,
“long-term debt” shall mean debt with a maturity no sooner than the date that is 1 year from the date incurred. 

(b) Minimum Net Worth. A Net Worth as of the last day of any fiscal quarter of at least (i) $12,000,000 for the
fiscal quarter ending on June 30, 2010, and (ii) the Minimum Amount for each fiscal quarter thereafter. “Minimum Amount” means, for any fiscal quarter, beginning with the fiscal quarter ending on September 30, 2010, the Net
Worth required under this Section 4.10(b) for the prior fiscal quarter plus 50% of Borrower’s and its Subsidiaries’ positive net income for such fiscal quarter. “Net Worth” means, determined in accordance with GAAP,
Borrower’s total assets minus Borrower’s total liabilities, each on a consolidated basis; provided, however, the calculation of Net Worth shall exclude the following items (if resulting in a reduction of Net Worth) not exceeding $2,500,000
in an aggregate, cumulative amount that are incurred after the Closing Date: asset write-downs pertaining to acquisitions, non-cash write-downs and non-cash charges resulting from changes in GAAP accounting principles. 

(d) The definition of “Target Company” contained in Schedule 1.1 to the Loan Agreement is hereby amended and restated in its
entirety as follows: 
  

 2 

 “Target Company” means a broker agency or managing general agency
business, each substantially in the same line of business (or lines of business reasonably related thereto) conducted by Trustway Insurance Agencies, LLC, Trustway T.E.A.M., Inc. and AssuranceAmerica Managing General Agency LLC on the date of this
Agreement. 
 3. Restatement of Representations and Warranties. The Borrower hereby represents and warrants that, as of
the date of this Amendment, and after giving effect to the terms of this Amendment, there exists no Default or Event of Default. The Borrower hereby restates and renews each and every representation and warranty heretofore made by it in the Loan
Agreement and the other Loan Documents as fully as if made on the date hereof, except to the extent (i) expressly amended in Section 2 above and (ii) that such representations and warranties expressly relate solely to an earlier date
(in which case such representations and warranties shall have been true and complete on and as of such earlier date). 
 4.
Effect of Amendment; No Novation or Mutual Departure. The Borrower expressly acknowledges and agrees that there has not been, and this Amendment does not constitute or establish, a novation with respect to the Loan Agreement or any of the
Loan Documents or any debt or other obligations owed by Borrower to Lender. The amendments set forth in Section 2 above shall be deemed to have prospective application only, unless otherwise specifically stated herein. Notwithstanding the
foregoing, the agreements of Lender contained in this Amendment shall not (i) apply to any other past, present or future noncompliance with any provision of the Loan Agreement or any of the other Loan Documents, (ii) impair or otherwise
adversely affect the Lender’s right at any time to exercise any right or remedy in connection with the Loan Agreement or any of the other Loan Documents, or (iii) except as expressly set forth in Section 2 above, (1) amend,
modify or otherwise alter any provision of the Loan Agreement or any of the other Loan Documents, or (2) constitute a mutual departure from the terms, covenants, conditions and agreements contained in the Loan Agreement or any of the other Loan
Documents other than as expressly agreed to in Section 2 above. Nothing in this Amendment shall affect or limit the Lender’s right to require payment of debt and other obligations owing from the Borrower to the Lender under, or to require
strict performance of the terms, covenants, conditions and agreements contained in the Loan Agreement and the other Loan Documents, to exercise any and all rights, powers and remedies under the Loan Agreement or the other Loan Documents or at law or
in equity, or to do any and all of the foregoing, immediately at any time after the occurrence of a Default or an Event of Default. 

5. Borrower Ratification, Reaffirmation and Release. The Borrower hereby restates, ratifies and reaffirms each and every term,
covenant and condition set forth in the Loan Agreement and the other Loan Documents effective as of the date hereof. The Borrower acknowledges, agrees, represents and warrants that the Loan Agreement and the other Loan Documents, as amended and
affected by this Amendment, constitute legal, valid, binding and enforceable obligations of Borrower as of this date, free from any defense, counterclaim, offset or recoupment. The Borrower hereby waives, releases and discharges Lender from any and
all claims, demands, actions or causes of action arising out of or in any way relating to the Loans and the other Obligations, the Loan Agreement and the other Loan Documents and any documents, agreements, dealings, or other matters connected with
the Loans, any letter of credit or other Obligations, including, without limitation, all known and unknown matters, claims, transactions, or things occurring prior to the date of this Amendment related to the Loans, any letter of credit or other
Obligations. 
 6. Other Obligor Consent, Ratification, Reaffirmation and Release. Each of the undersigned
“Guarantors” hereby: (i) acknowledges receipt of this Amendment, (ii) consents to the execution and delivery of this Amendment by the parties thereto and (iii) reaffirms all of its guarantee obligations and other covenants
and agreements under the guaranty agreement (“Guaranty”) executed and delivered by it in favor of Lender and agrees that none of its guarantee obligations and other covenants and agreements shall be affected by the execution and delivery
of this Amendment. Each Guarantor further acknowledges, agrees, represents and warrants that the Loan Agreement and the other Loan Documents, as amended and 

 

 3 

 
affected by this Amendment, constitute legal, valid, binding and enforceable obligations of Borrower and each Guarantor as of this date, free from any defense, counterclaim, offset or recoupment.
Each Guarantor hereby waives, releases and discharges Lender from any and all claims, demands, actions or causes of action arising out of or in any way relating to the Loans and the other Obligations, the Loan Agreement and the other Loan Documents
and any documents, agreements, dealings, or other matters connected with the Loans, any letter of credit or other Obligations, including, without limitation, all known and unknown matters, claims, transactions, or things occurring prior to the date
of this Amendment related to the Loans, any letter of credit or other Obligations. 
 7. Counterparts; Section
References. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts and transmitted by facsimile to the other parties, each of which when so executed and delivered by facsimile shall
be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever
and are not a part of the agreements among the parties hereto evidenced hereby. 
 8. Further Assurances; Reimbursement of
Lender Expenses. The Borrower agrees to take such further actions as the Lender shall reasonably request in connection with this Amendment to evidence the agreements contained in this Amendment. Borrower agrees to pay directly or reimburse
Lender for all of Lender’s reasonable and actual fees and expenses outstanding relating to the Loan Agreement, including, but not limited to, any and all reasonable and actual filing fees, recording fees, and reasonable and actual expenses and
fees of Lender’s legal counsel, incurred in connection with the preparation, amendment, modification or enforcement of this Amendment (and any prior amendments), the Loan Agreement, and any and all documents executed and delivered in connection
herewith or therewith. 
 9. Governing Law. This Amendment shall be governed by and construed and interpreted in
accordance with, the laws of the State of Georgia. 
 10. Conditions Precedent. This Amendment shall become effective
only upon (a) execution and delivery of this Amendment by the parties hereto and (b) payment to the Lender, in immediately available funds, of (i) a fully earned and non-refundable renewal fee equal to $5,625 and
(ii) Lender’s reasonable and actual legal fees and expenses incurred in connection with this Amendment. 
 [SIGNATURES
CONTAINED ON FOLLOWING PAGES] 
  

 4 

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the parties
hereto as of the day and year first above written. 
  

									
	LENDER:	 		 	
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION	 		 	TRUSTWAY INSURANCE AGENCIES, LLC
					
	By:	 	/s/ Brian Martin	 		 	By:	 	/s/ John Mongelli
	Name:	 	Brian Martin	 		 	Name:	 	John Mongelli
	Title:	 	Senior Vice President	 		 	Title:	 	Chief Financial Officer

  

									
	BORROWER:	 		 	
			
	ASSURANCEAMERICA CORPORATION	 		 	TRUSTWAY T.E.A.M., INC.
					
	By:	 	/s/ John Mongelli	 		 	By:	 	/s/ John Mongelli
	Name:	 	John Mongelli	 		 	Name:	 	John Mongelli
	Title:	 	Chief Financial Officer	 		 	Title:	 	Chief Financial Officer

  

									
		 		 	 ASSURANCEAMERICA MANAGING

GENERAL AGENCY LLC

					
		 		 		 	By:	 	/s/ John Mongelli
		 		 		 	Name:	 	John Mongelli
		 		 		 	Title:	 	Chief Financial Officer

 GUARANTORS: 

 

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]