Document:

Stock Incentive Plan of 2006

 
EXHIBIT 10.8 
 FREMONT MICHIGAN INSURACORP, INC. 
 STOCK INCENTIVE PLAN OF 2006 
 February 24, 2006, as amended and restated
effective December 11, 2007 
  

	1.	PURPOSES 

 The general purposes of this Stock
Incentive Plan (the “Plan”) are to encourage employees and non-employee directors of Fremont Michigan InsuraCorp, Inc. (the “Company”) and its Affiliates (as defined below) to acquire a proprietary interest in the Company in
order to create an increased incentive to contribute to the Company's future success and prosperity, and to enhance the ability of the Company and its Affiliates to attract and retain exceptionally qualified individuals upon whom the sustained
progress, growth, and profitability of the Company depend, thus enhancing the value of the Company for the benefit of its stockholders. 
  

	2.	DEFINITIONS 

 “Affiliate”
means any entity in which the Company directly or indirectly has a significant equity interest under generally accepted accounting principles and any other entity in which the Company has a significant direct or indirect equity interest as
determined by the Committee. The term shall also include any entity which, with respect to the Company, satisfies the definitions of “parent corporation” or “subsidiary corporation” stated in Section 424 of the Code.

 “Award” means any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award, Dividend
Equivalent, or Other Stock-Based Award granted under the Plan. 
 “Award Agreement” means a written agreement, contract, or
other instrument or document evidencing an Award. 
 “Board” means the Board of Directors of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Board acting as a whole, unless a committee of the Company's directors is designated by the Board (and changed in
the Board's discretion at any time and from time to time) to administer the Plan and composed of not less than two directors, each of whom is a “non-employee director” within the meaning of Rule 16b-3, or, to the extent provided in
Section 3 of the Plan, another director or group of directors to whom authority has been delegated pursuant to Section 3(m). The above, despite the fact that a Committee member shall fail to qualify under the above requirements, shall not
invalidate any Award made by the Committee, if the Award is otherwise validly made under the Plan. 
 “Disability” means,
with respect to a given Participant at a given time, any medically determinable physical or mental impairment that the Committee, on the basis of competent, medical evidence, reasonably determines has rendered or will render the Participant
permanently and totally disabled within the meaning of Section 422(c)(6) of the Code (or such successor section as is in effect at the time). 
 “Dividend Equivalent” means a right granted under Section 6(e) of the Plan. 
 “Effective
Date” means February 24, 2006, subject to approval by the stockholders of the Company at the 2006 Annual Meeting of Shareholders or any adjournment thereof. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair
Market Value” means, with respect to a Share on a given date: (a) if the Shares are listed for trading on a national securities exchange (including, for this purpose, the National Market System (“NMS”) of the National
Association of Securities Dealers Automated Quotation System (“NASDAQ”)) on that date, the closing Share price on that exchange (or, if there is more then one, the principal such exchange), or, for the NMS, the last sale price, on the day
immediately preceding the date as of which fair market value is being determined, or on the next preceding day on which Shares were there traded if no Shares were traded on the immediately preceding day; (b) if the Shares are not listed for
trading on any securities exchange (including the NMS) on that date but 

 
are reported by NASDAQ, and market information concerning the Shares is published on a regular basis in The Wall Street Journal or The New York Times, the
average of the daily bid and low asked prices of the Shares, as so published, on the day nearest preceding the date in question for which the prices were published; (c) if (a) is inapplicable and market information concerning the Shares is
not regularly published as described in (b), the average of the high bid and low asked prices of the Shares in the over-the-counter market on the day nearest preceding the date in question as reported by NASDAQ (or, if NASDAQ does not report prices
for the Shares, another generally accepted reporting service); or (d) if none of the above are applicable, the fair market value of a Share as, of the date in question, determined by the Committee. 
 “Non-Qualified Stock Option” means an Option that is not an Incentive Stock Option. 
 “Option” means an option to buy Shares granted under Section 6(a) of the Plan. 
 “Other Stock-Based Award” means a right granted under Section 6(f) of the Plan. 
 “Participant” means an employee or non-employee director of the Company or any Affiliate designated to be granted an Award under the
Plan. 
 “Performance Award” means a right granted under Section 6(d) of the Plan. 
 “Restricted Period” means the period of time during which an Award of Restricted Stock or Restricted Stock Units is subject to transfer
restrictions and potential forfeiture. 
 “Restricted Stock” means a Share granted under Section 6(c) of the Plan.

 “Restricted Stock Unit” means a right granted under Section 6(c) of the Plan that is denominated in Shares.

 “Rule 16b-3” means Securities and Exchange Commission Rule 16b-3 (or any successor rule or regulation), as applicable
with respect to the Company at a given time. 
 “Section 16” means Section 16 of the Exchange Act and the rules and
regulations implementing it, or any successor provision, rule, or regulation in effect at a given time. 
 “Section 16 Reporting
Person” means a person who is a director or officer of the Company for purposes of Section 16. 
 “Shares”
means shares of the Company's common stock, no par value per share, or such other securities or property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 4 (b) of the Plan.

 “Stock Appreciation Right” means a right granted under Section 6(b) of the Plan. 
  

	3.	ADMINISTRATION 

 The Committee shall administer the
Plan. Subject to the terms and limitations stated in the Plan, and to applicable law, the Committee's authority shall include without limitation the power to: 
 (a) designate Participants; 
 (b) determine the types of Awards to be granted and the times at which Awards
will be granted; 
 (c) determine the number of Shares to be covered by Awards and any payments, rights, or other matters to be calculated in
connection with them; 
 (d) determine the terms and conditions of Awards and amend the terms and conditions of outstanding Awards, including
the acceleration of vesting of rights granted by Awards and the shortening of a Restricted Period; 
 (e) determine how, whether, to what
extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other Awards, or other securities or property, or canceled, forfeited, or suspended; 

 (f) determine how, whether, to what extent, and under what circumstances cash, Shares, other Awards,
other securities or property, or other amounts payable with respect to an Award shall be deferred, whether automatically or at the election of the holder or of the Committee; 
 (g) determine the methods and procedures for establishing the value of any property (including, without limitation, Shares or other securities)
transferred, exchanged, given, or received with respect to the Plan or any Award; 
 (h) prescribe and amend the forms of Award Agreements
and other instruments required under or advisable with respect to the Plan; 
 (i) interpret and administer the Plan, Award Agreements,
Awards, and any contract, document, instrument, or agreement relating to it; 
 (j) establish, amend, suspend, or waive such rules and
regulations and appoint such agents as it shall deem appropriate for the administration of the Plan; 
 (k) decide all questions and settle
all controversies and disputes which may arise in connection with the Plan, Award Agreements, or Awards; 
 (l) delegate to one or more other
directors of the Company (who need not be "non-employee directors" within the meaning of Rule 16b-3) the authority to designate and grant Awards to Eligible Participants, provided those Participants are not Section 16 Reporting Persons; and

 (m) make any other determination and take any other action that the Committee deems necessary or desirable for the interpretation,
application, or administration of the Plan, Award Agreements, or Awards. 
 All designations, determinations, interpretations, and other
decisions with respect to the Plan, Award Agreements, or any Award shall be within the sole discretion of the Committee, may be made at any time, and shall be final, conclusive, and binding. To the extent that and for so long as the Committee may
delegate to one or more other directors its authority to designate Participants and grant Awards as permitted by subsection (l) above, subsequent references in the Plan to the "Committee" shall be construed to include such other director or
directors acting pursuant to the delegated authority. 
  

	4.	SHARES AVAILABLE FOR AWARDS 

 (a) Shares
Available. Subject to adjustment as provided in Section 4(b): 
 (i) Initial Authorization. The total number
of shares of Common Stock for which Awards may be issued under this Plan shall not exceed 75,000 Shares. Pursuant to Section 4(b) of the Plan, the number of Shares subject to the Plan was increased to 150,000 to adjust for the two-for-one stock
split paid on November 17, 2006. 
 (ii) Accounting for Awards. For purposes of this Section 4: 

(A) if an Award (other than a Dividend Equivalent) is denominated in Shares, the number of Shares covered by the Award, or to which the
Award relates, shall be counted on the date of grant of the Award against the aggregate number of Shares available for granting Awards under the Plan, to the extent determinable on that date, and, as long as the number of Shares is not then
determinable, under procedures adopted by the Committee consistent with the purposes of the Plan; and 
 (B) Dividend
Equivalents and Awards not denominated in Shares shall be counted against the aggregate number of Shares available for granting Awards under the Plan in such amount and at such time as the Committee shall determine under procedures adopted by the
Committee consistent with the purposes of the Plan; PROVIDED, HOWEVER, that Awards that operate in tandem with (whether granted simultaneously with or at a different time from), or that are substituted for, other Awards or restricted stock awards or
stock options granted under any other plan of the Company may be counted or not counted under procedures adopted by the Committee in order to avoid double counting. 

 (iii) Sources of Shares Deliverable under Awards. Any Shares delivered pursuant to
an Award may consist, in whole or in part, of authorized but unissued Shares or of Shares reacquired by the Company, including but not limited to Shares purchased on the open market. 
 (b) Adjustments. Upon the occurrence of any nonrecurring dividend or other distribution (whether in the form of cash, Shares, other securities, or
other property), change in the capital or shares of capital stock, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of shares or other securities of
the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or extraordinary transaction or event which affects the Shares, then the Committee shall cause there to be made adjustment to prevent dilution
or enlargement of rights, as appropriate, in (i) the number and type of Shares (or other securities or property) which may be made the subject of Awards under the Plan, (ii) outstanding Awards, including, without limitation, the number and
type of Shares (or other securities or property) subject to them, and (iii) the grant, purchase, or exercise price with respect to outstanding Awards, and, if deemed appropriate, make provision for cash payments to the holders of outstanding
Awards; provided, however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number. 
 (c)
Limitations Upon Awards. No participant shall be granted, during any calendar year, Awards with respect to more than 15,000 Shares, which number shall be calculated and adjusted pursuant to Section 4(b) above only to the extent that such
calculation or adjustment will not affect the status of any Award theretofore issued or that may thereafter be issued as “performance based compensation” under Section 162(m) of the Code. 
  

	5.	ELIGIBILITY 

 (a) Any employee or non-employee
director of the Company or any Affiliate, including any officer or officer-director of the Company or any Affiliate, as may be selected from time to time by the Committee or by the directors to whom authority may be delegated pursuant to
Section 3(m) of this Plan, is eligible to be designated a Participant with respect to any Award, except that an Other Stock-Based Award may not be granted to a Section 16 Reporting Person. 
 (b) Any Participant may decline to participate in the Plan by providing written notice of the declination to the Committee within 120 days after
receiving notice of an award granted under the Plan. 
  

	6.	AWARDS 

 (a) Options. The Committee is
authorized to grant Options to eligible Participants. 
 (i) Committee Determinations. Subject to the terms and
limitations of the Plan, the Committee shall determine the: 
 (A) number of shares subject to each Option and, subject to the
limitation in Section 6(a)(ii) below, the exercise price per share; 
 (B) term of each Option; and 
 (C) time or times at which an Option may be exercised, in whole or in part, and the method or methods by which and the form or forms
(including, without limitation, cash, Shares, other Awards, or other property, or any combination of them, having a fair market value on the exercise date equal to the relevant exercise price) in which payment of the exercise price with respect to
it may be made or deemed to have been made. 
 The Committee may impose such additional or other conditions or restrictions on any Option as
it deems appropriate and as are not inconsistent with the terms of the Plan. 
 (ii) Exercise Price. The exercise price
of an Option to purchase a share of Common Stock, as determined by the Committee, shall be not less than 100% of the fair market value of a share of Common Stock on the date the Option is granted. The exercise price shall be subject to adjustment
pursuant to Section 4 (b). 

 (iii) Other Terms. Unless otherwise determined by the Committee: 
 (A) A Participant electing to exercise an Option shall give written notice to the Company, as may be specified by the Committee, of
exercise of the Option and the number of Shares elected for exercise, such notice to be accompanied by such instruments or documents as may be required by the Committee, and shall tender the aggregate exercise price of the Shares elected for
exercise. 
 (B) At the time of exercise of an Option, payment in full in cash shall be made for all Shares then being
purchased. 
 (C) If the employment, directorship or consulting arrangement of a Participant terminates for any reason
(including termination by reason of the fact that an entity is no longer an Affiliate) other than the Participant's death or Disability, the Participant may afterwards exercise the Option as provided below, except that the Committee may terminate
the unexercised portion of the Option concurrently with or at any time following termination of the employment or consulting arrangement (including termination of employment upon a change of status from employee to consultant) if it shall determine
that the Participant has engaged in any activity detrimental to the interests of the Company or an Affiliate. If the termination is voluntary on the part of the Participant (other than by reason of retirement of an employee-Participant on or after
normal retirement date), the Option may be exercised only within thirty days after the date of termination. If the termination is involuntary on the part of the Participant, if an employee-Participant retires on or after normal retirement date, the
Option may be exercised within three months after the date of termination or retirement. For purposes of this subsection (C), a Participant's employment or consulting arrangement shall not be considered terminated (i) in the case of approved
sick leave or other bona fide leave of absence (not to exceed one year), (ii) in the case of a transfer of employment or the consulting arrangement among the Company and Affiliates, or (iii) by virtue of a change of status from employee to
consultant or from consultant to employee, except as provided above. 
 (D) If a Participant dies or becomes subject to a
Disability at a time when entitled to exercise an Option, then the Option shall be fully vested and may be exercised in full or in part, as determined by the Participant’s personal representative, at any time or times within one year after
death or the date of termination due to a Disability. The Company may decline to deliver Shares to a designated beneficiary until it receives indemnity against claims of third parties satisfactory to the Company. Except as so exercised, the Option
shall expire at the end of that period. 
 (E) An Option may be exercised only if and to the extent the Option was exercisable
at the date of termination of employment, directorship or the consulting arrangement, and an Option may not be exercised at any time when the Option would not have been exercisable had the Participant's employment, directorship or consulting
arrangement continued. 
 (iv) Restoration Options. At the time of grant of an Option (for purposes of this subsection,
an “original Option”) that is not itself a Restoration Option (as defined below), or at the time a Restoration Option arises, or at any other time while the grantee continues to be eligible for Awards and the original Option or a
Restoration Option (either, a “predecessor Option”) is outstanding, the Committee may provide that the predecessor Option shall carry with it a right to receive an Option (for purposes of this subsection, a “Restoration Option”)
if, while still eligible to be granted an Option, the grantee exercises the predecessor Option (or a portion of it) and pays some or all of the applicable exercise price in Shares that have been owned by the grantee for at least six months prior to
exercise. In addition to being subject to any other terms and conditions (including additional limitations on exercisability) that the Committee deems appropriate, and except to the extent the Committee otherwise provides with respect to a given
Restoration Option, each Restoration Option shall be subject to the following; 
 (A) the number of Shares subject to the
Restoration Option shall be the lesser of: (x) the number of whole Shares delivered in exercise of the predecessor Option, or (y) the number of Shares available for grant under the Plan at the time the Restoration Option arises;

 (B) the Restoration Option automatically shall arise and be granted (if ever) at the time of payment of the exercise price
in respect of the predecessor Option; 
 (C) the per Share exercise price of the Restoration Option shall be the Fair Market
Value of a Share on the date the Restoration Option arises; 
 (D) the expiration date of the Restoration Option shall be the
same as that of the predecessor Option; 
 (E) the Restoration Option shall first become exercisable six months after it
arises; and 

 (F) the Restoration Option shall be a Nonqualified Stock Option. 
 (b) Stock Appreciation Rights. The Committee is authorized to grant Stock Appreciation Rights to eligible Participants. Subject to the terms of
the Plan, a Stock Appreciation Right granted under the Plan shall confer on the holder of it of a right to receive, upon exercise of it, the excess of (i) the Fair Market Value of one Share on the date of exercise or, if the Committee shall so
determine in the case of any such right other than one related to an Incentive Stock Option, at any time during a specified period before or after the date of exercise over (ii) the grant price of the right as specified by the Committee.
Subject to the terms of the Plan, the Committee shall determine the grant price, term, methods of exercise and settlement of the Stock Appreciation Right, the effect of termination of the Participant's employment, directorship or consulting
relationships, and any other terms of the Stock Appreciation Right the Committee deems appropriate. The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it may deem appropriate. 
 (c) Restricted Stock and Restricted Stock Units. 
 (i) Grants. The Committee is authorized to grant Awards of Restricted Stock to eligible Participants. The Award shall consist of Shares or Restricted Stock Units, which shall give the Participant the right to
receive cash, Shares, other securities, other Awards, or other property, in each case subject to the termination of the Restricted Period for the Award determined by the Committee. 
 (ii) Restrictions. The Restricted Period determined by the Committee for Restricted Stock and Restricted Stock Units may differ
among Participants, and any Restricted Period may have different expiration dates with respect to portions of Shares or Units covered by the same Award. During the applicable Restricted Period, Restricted Stock Units and Restricted Stock shall be
nontransferable (except as provided in Section 6 (g) (v) of the Plan) and subject to forfeiture as provided in subsection (iv) of this Section 6 (c). Subject to the terms of the Plan, Awards of Restricted Stock and
Restricted Stock Units also shall be subject to such other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive any dividend or other right or property),
which restrictions may lapse separately or in combination, at such time or times, in installments or otherwise, as the Committee may determine. Unless the Committee shall otherwise determine, any Shares or other securities distributed with respect
to Restricted Stock or which a Participant is otherwise entitled to receive by reason of the Shares shall be subject to the restrictions contained in the above restrictions and the provisions of the Plan. Participants shall have all of the rights of
a stockholder with respect to Shares of Restricted Stock. 
 (iii) Issuance of Shares. Any Shares granted as Restricted
Stock shall be evidenced on the stock transfer records of the Company with such restrictive transfer legend as the Committee determines to be advisable in order to prevent impermissible transfer of the Shares prior to the end of the applicable
Restricted Period, and the maintained as restricted until the Shares no longer are subject to forfeiture. Each Award Agreement concerning an Award of Restricted Stock shall include the grantee's consent to transfer to the Company of any forfeited
Restricted Stock without the need for any further consent, direction, or other action by the grantee. 
 (iv)
Forfeiture. Except as otherwise determined by the Committee: 
 (A) If the employment, directorship or consulting
arrangement of a Participant terminates for any reason (including termination by reason of the fact that any entity is no longer an Affiliate), other than the Participant's death or Disability or, in the case of an employee, retirement on or after
normal retirement date, all Shares of Restricted Stock and all Restricted Stock Units that were awarded to the Participant which are still subject to restrictions shall upon such termination of employment, directorship or the consulting relationship
be forfeited and (in the case of Restricted Stock) transferred back to the Company. For purposes of this subsection (A), a Participant's employment or consulting arrangement shall not be considered terminated (i) in the case of approved sick
leave or other bona fide leave of absence (not to exceed one year), (ii) in the case of a transfer of employment or the consulting arrangement among the Company and Affiliates, or (iii) other than as provided in subsection (D) of this
Section 6(c)(iv), by virtue of a change of status from employee to consultant or from consultant to employee. 
 (B) If a
Participant ceases to be employed or retained by the Company or an Affiliate by reason of death or Disability, or if following retirement a Participant continues to have rights under an Award of Restricted Stock or Restricted Stock Units and then
dies, the Award shall fully vest and no longer be subject to forfeiture. 

 (C) If an employee ceases to be employed by the Company or an Affiliate by reason of
retirement on or after normal retirement date, the restrictions contained in the Award of Restricted Stock shall continue to lapse in the same manner as though employment had not terminated. 
 (D) However, notwithstanding the provisions of subsections (B) and (C) above, if a Participant continues to hold an Award of
Restricted Stock or Restricted Stock Units following termination of his employment or consulting arrangement (including retirement and termination of employment upon a change of status from employee to consultant), the Restricted Stock or Restricted
Stock Units which remain subject to restrictions shall nonetheless be forfeited, and (in the case of Restricted Stock) transferred back to the Company, if the Committee at any time later determines that the Participant has engaged in any activity
detrimental to the interests of the Company or an Affiliate. 
 (E) At the expiration of the Restricted Period as to Shares
covered by an Award of Restricted Stock, or as to Restricted Stock Units to be settled in Shares, the Company shall deliver the Shares as to which the Restricted Period has expired, as follows: 
 (1) if an assignment to a trust has been made in accordance with Section 6(g)(v)(B)(2)(c), to the trust; or 
 (2) if the Restricted Period has expired by reason of death and a beneficiary has been designated in form approved by the Company, to the
beneficiary so designated; or 
 (3) in all other cases, to the Participant or the legal representative of the
Participant’s estate. 
 (d) Performance Awards. The Committee is authorized to grant Performance Awards to eligible
Participants. Subject to the terms of the Plan, a Performance Award granted under the Plan (i) may be denominated or payable in cash, Shares (including, without limitation, Restricted Stock), other securities, other Awards, or other property
and (ii) shall confer on the holder rights valued as determined by the Committee and payable to, or exercisable by, the holder of the Performance Award, in whole or in part, upon the achievement of such performance goals during such performance
period, as the Committee shall establish. Subject to the terms of the Plan, the performance goals to be achieved during any performance period, the length of any performance period, the amount of any Performance Award granted, the amount of any
payment or transfer to be made pursuant to any Performance Award, and the other terms and conditions of any Performance Award, including the effect upon the Award, of termination of the Participant's employment, directorship or consulting
relationships, shall be determined by the Committee. 
 (e) Dividend Equivalents. The Committee is authorized to grant to eligible
Participants Awards under which the holders shall be entitled to receive payments equivalent to dividends or interest with respect to a number of Shares determined by the Committee, and the Committee may provide that such amounts (if any) shall be
deemed to have been reinvested in additional Shares or otherwise reinvested. Subject to the term of the Plan, the Awards may have such terms and conditions as the Committee shall determine. 
 (f) Other Stock-Based Awards. The Committee is authorized to grant to eligible Participants such other Awards that are denominated or payable in,
valued in whole or in part by reference to, or otherwise based on or related to Shares (including, without limitation, securities convertible into Shares), as are deemed by the Committee to be consistent with the purposes of the Plan; PROVIDED,
HOWEVER, that the grants may not be made to Section 16 Reporting Persons. Subject to the terms of the Plan, the Committee shall determine the terms and conditions of such Other Stock-Based Awards. Shares or other securities delivered pursuant
to a purchase right granted under this Section 6(f) shall be purchased for such consideration, which may be paid by such method or methods and in such form or forms, including, without limitation, cash, Shares, other securities, other Awards,
other property, or any combination of the above, as the Committee shall determine. 
 (g) General. 
 (i) No Cash Consideration for Awards. Awards may be granted for no cash consideration or for such minimal cash consideration as may
be required by applicable law. 
 (ii) Awards May Be Granted Separately or Together. Awards may, in the discretion of
the Committee, be granted either alone or in addition to, in tandem with, or in substitution for, any other Award or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other
Awards, or in addition to or in tandem with the awards granted under another plan of the Company or an Affiliate, may be granted either at the same time as or at a different time from the grant of the other Awards or awards. 

 (iii) Forms of Payment under Awards. Subject to the terms of the Plan and of any
applicable Award Agreement, payments or transfers to be made by the Company or an Affiliate upon the grant, exercise, or payment of an Award may be made in such form or forms as the Committee shall determine, including, without limitation, cash,
Shares, other securities, other Awards, or other property, or any combination, and may be made in a single payment or transfer, in installments, or on a deferred basis, in each case in accordance with rules and procedures established by the
Committee. The rules and procedures may include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents in respect of installment or
deferred payments. 
 (iv) Limits on Transfer of Awards. 
 (A) Except as the Committee may otherwise determine, no Award or right under any Award may be sold, encumbered, pledged, alienated,
attached, assigned, or otherwise transferred in any manner, and any attempt to do any of the above shall be void and unenforceable against the Company. 
 (B) Despite the provisions of paragraph (A) above, except as provided in paragraph (C) below: 
 (1) An Option may be transferred: 
 (a) to a death beneficiary designated by the Participant
in writing on a form approved by the Committee; or 
 (b) by will or the applicable laws of descent and distribution to the
personal representative, executor or administrator of the Participant’s estate. 
 (2) A Participant may assign or
transfer rights under an Award of Restricted Stock or Restricted Stock Units: 
 (a) to a death beneficiary designated by the
Participant in writing on a form approved by the Committee; 
 (b) by will or the applicable laws of descent and distribution
to the personal representative, executor or administrator of the Participant’s estate; or 
 (c) to a revocable grantor
trust established by the Participant for the sole benefit of the Participant during the Participant's life, and under the terms of which the Participant is and remains the sole trustee until death or physical or mental incapacity. The assignment
shall be effected by a written instrument in form and content satisfactory to the Committee, and the Participant shall deliver to the Committee a true copy of the agreement or other document evidencing the trust. If in the judgment of the Committee
the trust does not meet the criteria of a trust to which an assignment is permitted by the terms of it, or if, after assignment (whether because of amendment, by operation of law, or for any other reason) the trust no longer meets the criteria, the
attempted assignment shall be void and may be disregarded by the Committee and the Company and all rights to the Awards shall revert to and remain solely in the Participant. Notwithstanding a qualified assignment, the Participant, and not the trust
to which rights under an Award may be assigned, for the purpose of determining compensation arising by reason of the Award shall continue to be considered an employee, director or consultant, as the case may be, of the Company or an Affiliate but
the trust and the Participant shall be bound by all of the terms and conditions of the Award Agreement and this Plan. Shares issued in the name of and delivered to the trust shall be conclusively considered issuance and delivery to the Participant.

 (3) The Committee shall not permit Section 16 Reporting Persons to transfer or assign Awards except as and to the
extent (if any) permitted under Rule 16b-3. 
 (C) The Committee, the Company, and its officers, agents, and employees may
rely upon any beneficiary designation, assignment, or other instrument of transfer, copies of trust agreements, and any other documents delivered to any of them by or on behalf of a Participant, which they believe genuine, and any action taken by
any of them in reliance shall be conclusive and binding upon the Participant, the personal representatives of the Participant's estate, and all persons asserting a claim 

 
based on an Award to the Participant. The delivery by a Participant of a beneficiary designation, or an assignment of rights under an Award as permitted
under it, shall constitute the Participant’s irrevocable undertaking to hold the Committee, the Company, and its officers, agents, and employees harmless against claims, including any cost or expense incurred in defending against claims, of any
person (including the Participant) which may be asserted or alleged to be based on an Award subject to a beneficiary designation or an assignment. In addition, the Company may decline to deliver Shares to a beneficiary until it receives indemnity
against claims of third parties satisfactory to the Company. 
 (v) No Change in Control. 
 (A) Notwithstanding any of the provisions of this Plan or any Award Agreement, upon a Change in Control of the Company (as defined below)
the vesting of all rights of Participants under outstanding Awards shall be accelerated and all restrictions shall terminate in order that Participants may fully realize the benefits intended to be made available under the Awards. The acceleration
shall include, without limitation, the immediate exercisability in full of all Options and the termination of restrictions on Restricted Stock and Restricted Stock Units. Further, upon the Change in Control, in addition to the Committee's authority
described in Section 4(b), the Committee, as constituted, before the Change in Control, is authorized and has sole discretion, as to any Award, to take any one or more of the following actions: (i) cause any Award then outstanding to be
assumed, or new rights substituted, by the acquiring or surviving entity or other person giving rise to the Change in Control; (ii) make such adjustment to any Award then outstanding as the Committee deems appropriate to reflect the Change in
Control; and (iii) provide for the purchase of any Award, upon the Participant's request, for an amount of cash equal to the amount that could have been attained upon the exercise of the Award or realization of the Participant's rights had the
Award been currently exercisable or payable. 
 (B) A Change in Control shall occur if, after the Effective Date: 

(1) any “person” or “group” (as those terms are used in Sections 13(d) and 14(d) of the Exchange Act and
applicable regulations), other than pursuant to a transaction or agreement previously approved by the Board (whether before, at, or after the Effective Date and including, but not limited to, a transaction or agreement contemplated by the Plan of
Conversion pursuant to which Fremont Mutual Insurance Company is converted from a Michigan mutual property and casualty insurance company to a Michigan stock property and casualty insurance company), directly or indirectly purchases or otherwise
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of voting securities representing 30 percent or more of the combined voting power of all outstanding voting securities of the Company; or 
 (2) the stockholders of the Company approve (i) an agreement to merge or consolidate the Company in a transaction in which the
Company is not the surviving entity, (ii) an agreement to sell or dispose of substantially all of the Company's assets, or (iii) a plan to liquidate the Company, unless, in the case of an event described in (i), (ii), or (iii), the Board
determines prior to the occurrence of the event that the effects described in Section 6(g)(v)(A) will not apply with respect to the event. 
 (vi) Cash Settlement. Aside from any provision of this Plan or of any Award Agreement to the contrary, any Award outstanding under it may at any time be canceled in the Committee's sole discretion upon payment
of the value of the Award to the holder of it in cash or in another Award under it, such value to be determined by the Committee in its sole discretion. 
 (vii) Certain Securities Law Considerations. The Company intends, as soon as possible after the Effective Date, to register with the Securities and Exchange Commission on Form S-8 the total number of Shares
that may be acquired by Participants under the Plan. Awards granted under the Plan may not be exercised until the Form S-8 is filed and effective. 
 (viii) Award Agreements. Each Award shall be evidenced by an Award Agreement in such form as the Committee shall prescribe. 
  

	7.	AMENDMENT, SUSPENSION, OR TERMINATION; CERTAIN OTHER MATTERS. 

 Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in the Plan: 
 (a) Amendments, Suspension, or Termination. The Board may amend, suspend, or terminate the Plan or any portion of it at any time, with or without stockholder approval, and the Board or the Committee may amend
any outstanding Award; provided, however, that (i) no Plan amendment shall be effective until approved by stockholders of the Company, insofar as stockholder approval is required in order for the Plan to continue to satisfy the conditions of
Rule 16b-3 or any applicable requirements of a national securities exchange or the NMS, and (ii) without the consent of an affected Participant no amendment of the Plan or of any Award may impair the rights of the Participant under any
outstanding Award. 

 (b) Adjustments of Awards Upon The Occurrence of Certain Unusual or Nonrecurring Events. The
Committee shall make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4(b) or a Change in Control
as defined in Section 6(g)(v)) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available to holders of outstanding Awards under the Plan. 
 (c)
Correction of Defects, Omissions, And Inconsistencies. The Committee may correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to effectuate
the Plan. 
  

	8.	MISCELLANEOUS 

 (a) No Rights to Awards.
Subject only to the express requirements of the Plan, there is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards under the Plan, and no Participant or other person shall have any claim to be granted any
Award. The terms and conditions of Awards of the same type, and the determination of the Committee to grant a waiver or modification of the terms and conditions of any Award, need not be the same with respect to the Participant. 
 (b) Withholding. Before taking action with respect to an Award the Company or any Affiliate shall be entitled to: (i) require a Participant
who is an employee to remit to the Company all amounts necessary to satisfy all federal, state, local and foreign withholding and employment-related tax requirements attributable to an Award, including, without limitation, the grant, exercise or
vesting of, any payment or transfer under or payment of dividends with respect to an Award; or (ii) withhold and deduct from future wages of a Participant (or from other amounts that may be due and owing to a Participant from the Company or a
Subsidiary), or make other arrangements for the collection of such withholding (including through the sale of Shares otherwise issuable pursuant to the applicable Award). To the extent permitted by the Committee and subject to applicable securities
law, withholding may be satisfied by withholding Shares to be received upon exercise or vesting of an Award or by delivery to the Company of previously owned Shares having a fair market value equal to the amount to be withheld. In addition, the
Company may reasonably delay the issuance or delivery of Shares pursuant to an Award as it determines appropriate and to take any action to satisfy all of such tax withholding and other administrative matters. 
 (c) No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or
continuing in effect other or additional compensation arrangements, including the grant of options and other stock-based awards, and the arrangements may be either generally applicable or applicable only in specific cases. 
 (d) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the
Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a Participant from employment, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Award Agreement or another written
agreement with the Participant. 
 (e) Governing Law. Except to the extent, if any, preempted by Federal law, the validity,
construction, and effect of the Plan, any rules and regulations relating to the Plan established by the Committee, and any Award Agreement shall be determined in accordance with the laws of the State of Michigan. 
 (f) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, the provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed
or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, the provision shall be stricken as to the jurisdiction, person or Award, and the remainder of the Plan and the Award shall
remain in full force and effect. 

 (g) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company or any Affiliate
pursuant to an Award, the right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (h)
No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any
fractional Shares, or whether the fractional Shares or any rights shall be canceled, terminated, or otherwise eliminated. 
 (i)
Stockholder Status. Neither the grantee of an Award, nor any other person to whom the Award or the grantee's rights under it may pass, shall be, or have any right or privileges of, a holder of Shares in respect of any Shares issuable pursuant
to or in settlement of the Award, unless and until certificates representing the Shares have been issued in the name of the grantee or other person. 
 (j) Change in Status. In the event that a Participant ceases to be an employee or non-employee director and becomes a consultant to the Company, subject to the approval of the Committee and their continued
satisfactory service in accordance with the terms of their consulting agreement, such Participant shall be permitted to continue to hold and vest Awards granted to them at a time when they were eligible to receive an Award under this Plan.

 (k) Headings. Headings are given to the Sections and Subsections of the Plan solely as a convenience to facilitate reference. The
headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision of it. 
  

	9.	EFFECTIVENESS AND DURATION 

 The adoption of the
Plan shall be effective as of the Effective Date and shall continue in effect until terminated by the Board or the expiration of 10 years from the Effective Date, whichever occurs first. 
 The Plan was approved by the Board of Directors on February 24, 2006. The Plan, as amended and restated, was approved by the Board of Directors on
December 11, 2007. 
  

			
	FREMONT MICHIGAN INSURACORP, INC.
		
	By	 	/s/ Richard E. Dunning
		 	 Richard E. Dunning

		 	 Its President

		
	By	 	/s/ Donald E. Bradford
		 	 Donald E. Bradford

		 	 Its SecretaryStockholder Agreement

 Exhibit 10.1 
 STOCKHOLDER AGREEMENT 
 STOCKHOLDER AGREEMENT, dated as of March 21, 2008 (this
“Agreement”), among the stockholders listed on the signature page(s) hereto (collectively, “Stockholders” and each individually, a “Stockholder”), TenFold Corporation, a
Delaware corporation (the “Company”) and Versata Enterprises, Inc., a Delaware corporation (the “Buyer”). Capitalized terms used and not otherwise defined herein shall have the respective meanings
assigned to them in the Merger Agreement referred to below. 
 WHEREAS, as of the date hereof, the Stockholders collectively own of record
and beneficially shares of capital stock of the Company, as set forth on Schedule I hereto (such shares, or any other voting or equity of securities of the Company hereafter acquired by any Stockholder prior to the termination of this Agreement,
being referred to herein collectively as the “Shares”); 
 WHEREAS, concurrently with the execution of this
Agreement, the Buyer and the Company are entering into an Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), pursuant to which, upon the terms and subject to the conditions thereof, a
subsidiary of the Buyer will be merged with and into the Company, and the Company will be the surviving corporation (the “Merger”); and 
 WHEREAS, as a condition to the willingness of the Buyer to enter into the Merger Agreement, the Buyer has required that the Stockholders agree, and in order to induce the Buyer to enter into the Merger Agreement, the
Stockholders are willing to enter into this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and
agreements contained herein, and intending to be legally bound hereby, the parties hereby agree, severally and not jointly, as follows: 
 Section 1. Voting of Shares. 
 (a) Each Stockholder covenants and agrees that until the termination of this
Agreement in accordance with the terms hereof, at any meeting of the stockholders of the Company, however called, and in any action by written consent of the stockholders of the Company, such Stockholder will vote, or cause to be voted, all of his,
her or its respective Shares (i) in favor of adoption of the Merger Agreement and approval of the Merger contemplated by the Merger Agreement, as the Merger Agreement may be modified or amended from time to time in a manner not adverse to the
Stockholders, (ii) against any merger agreement or merger (other than the Merger Agreement and the Merger), consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or
by the Company or any other proposal, offer or agreement concerning any merger, reorganization, consolidation, recapitalization, business combination, liquidation, share exchange, sale of stock, sale of material assets or similar business
transaction involving the Company, any subsidiary of the Company or any division of the Company (each, an “Alternative Proposal”) and (iii) against any other action, agreement or transaction submitted for the vote or
written consent of Stockholders that would reasonably be expected to impede, interfere with, delay, postpone, discourage, 

 
frustrate the purposes of or adversely affect the Merger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance
by the Company of its obligations under the Merger Agreement or by such Stockholder of its obligations under this Agreement. 
 (b) Each Stockholder hereby irrevocably grants to, and appoints, the Buyer, and any individual designated in writing by it, and each of them individually, as its proxy and attorney-in-fact (with full power of substitution), for and in its
name, place and stead, to vote his, her or its Shares at any meeting of the stockholders of the Company called with respect to any of the matters specified in, and in accordance and consistent with this Section 1. Each Stockholder understands
and acknowledges that the Buyer is entering into the Merger Agreement in reliance upon the Stockholder’s execution and delivery of this Agreement. Each Stockholder hereby affirms that the irrevocable proxy set forth in this Section 1(b) is
given in connection with the execution of the Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Stockholder under this Agreement. Except as otherwise provided for herein, each Stockholder
hereby (i) affirms that the irrevocable proxy is coupled with an interest and may under no circumstances be revoked, (ii) ratifies and confirms all that the proxies appointed hereunder may lawfully do or cause to be done by virtue hereof
and (iii) affirms that such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212(e) of the Delaware General Corporation Law. Notwithstanding any other provisions of this Agreement,
the irrevocable proxy granted hereunder shall automatically terminate upon the termination of this Agreement. 
 (c) Each
Stockholder covenants and agrees that until the termination of this Agreement in accordance with the terms hereof, at any meeting of the stockholders of the Company, however called, and in any action by written consent of the stockholders of the
Company, such Stockholder shall appear at each such meeting or otherwise cause the Shares as to which such Stockholder controls the right to vote to be counted as present thereat for purposes of calculating a quorum. 
 (d) The obligations of each Stockholder specified in this Section 1 shall, subject to Section 6 hereto, apply whether or not the
Merger or any action described above is recommended by the Board of Directors of the Company. 
 Section 2. Transfer of Shares. Each
Stockholder covenants and agrees that such Stockholder will not directly or indirectly (i) sell, assign, transfer (including by merger, testamentary disposition, interspousal disposition pursuant to a domestic relations proceeding or otherwise
by operation of law), pledge, encumber or otherwise dispose of any of the Shares, (ii) deposit any of the Shares into a voting trust or enter into a voting agreement or arrangement with respect to the Shares or grant any proxy or power of
attorney with respect thereto which is inconsistent with this Agreement or (iii) enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect sale, assignment, transfer (including by merger,
testamentary disposition, interspousal disposition pursuant to a domestic relations proceeding or otherwise by operation of law) or other disposition of any Shares. 
  

 - 2 - 

 Section 3. Representations and Warranties of the Stockholders. Each Stockholder on its own behalf
hereby severally represents and warrants to the Buyer with respect to itself and its, his or her ownership of the Shares as follows: 
 (a) Ownership of Shares. The Stockholder beneficially owns all of the Shares as set forth on Schedule I hereto and has good and marketable title to such Shares, free and clear of any claims, liens, encumbrances and security interests
whatsoever. The Stockholder owns no shares of Common Stock other than the Shares as set forth on Schedule I hereto. The Stockholder has sole voting power, without restrictions, with respect to all of the Shares. 
 (b) Power, Binding Agreement. The Stockholder has the legal capacity and all requisite power and authority to enter into and
perform all of its obligations, under this Agreement. This Agreement has been duly and validly executed and delivered by the Stockholder and constitutes a valid and binding obligation of the Stockholder, enforceable against the Stockholder in
accordance with its terms. 
 (c) No Conflicts. The execution and delivery of this Agreement do not, and the
consummation of the transactions contemplated hereby will not, conflict with or result in any violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of
any obligation or to loss of a material benefit under, any provision of any loan or credit agreement, note, bond, mortgage, indenture, lease, or other agreement, instrument, permit, concession, franchise, license, judgment, order, decree, statute,
law, ordinance, rule or regulation applicable to the Stockholder, the Shares or any of the Stockholder’s properties or assets. Except as expressly contemplated hereby, the Stockholder is not a party to, and the Shares are not subject to or
bound in any manner by, any contract or agreement relating to the Shares, including without limitation, any voting agreement, option agreement, purchase agreement, stockholders’ agreement, partnership agreement or voting trust. Except for
filings with the SEC, no consent, approval, order or authorization of, or registration, declaration or filing with, any court, administrative agency or commission or other governmental authority or instrumentality, domestic, foreign or
supranational, is required by or with respect to the Stockholder in connection with the execution and delivery of this Agreement or the consummation by the Stockholder of the transactions contemplated hereby. 
 Section 4. No Solicitation. Prior to the termination of this Agreement in accordance with its terms, each Stockholder agrees, in its individual
capacity as a stockholder of the Company, that (i) it will not, nor will it authorize or permit any of its employees, agents and representatives to, directly or indirectly, (a) initiate, solicit or encourage any inquiries or the making of
any Alternative Proposal, (b) enter into any agreement with respect to any Alternative Proposal, or (c) participate in any discussions or negotiations regarding, or furnish to any person any information with respect to, or take any other
action to facilitate any inquiries or the making of any proposal that constitutes, or may reasonably be expected to lead to, any Alternative Proposal, and (ii) it will notify the Buyer as soon as possible if any such inquiries or proposals are
received by, any information or documents is requested from, or any negotiations or discussions are sought to be initiated or continued with, it or any of its affiliates in its individual capacity. Notwithstanding this Section 4 or any other
provision of this Agreement, nothing herein shall be deemed to prohibit, restrict, curtail or otherwise limit any action a Stockholder may take as a member of the Company Board consistent with Section 6.1(a) of the Merger Agreement. 

 

 - 3 - 

 Section 5. Stock Dividends, etc. In the event of a stock split, stock dividend or distribution, or
any change in the common stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, the term “Shares” shall be deemed to refer to and include such shares as well
as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction; provided, that the foregoing shall not prevent the
conversion of any of the Shares into the right to receive Merger Consideration (as defined in the Merger Agreement) pursuant to the Merger in accordance with the terms of the Merger Agreement. 
 Section 6. Termination. This Agreement shall terminate upon the earlier to occur of (i) the Effective Time or (ii) any termination of
the Merger Agreement in accordance with the terms thereof; provided, that no such termination shall relieve any party of liability for a willful breach hereof prior to termination. 
 Section 7. Specific Performance. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not
performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or in equity. 
 Section 8. Fiduciary Duties. Each Stockholder is signing this Agreement solely in such Stockholder’s capacity as an owner of his, her or its
respective Shares, and nothing herein shall prohibit, prevent or preclude such Stockholder from taking or not taking any action in his or her capacity as an officer or director of the Company, to the extent permitted by the Merger Agreement.

 Section 9. Consent and Waiver. Each Stockholder hereby gives any consents or waivers that are reasonably required for the
consummation of the Merger under the terms of any agreement to which such Stockholder is a party or pursuant to any rights such Stockholder may have in its capacity as a Stockholder of the Company. 
 Section 10. Waiver of Appraisal Rights. To the fullest extent permitted by applicable law, each Stockholder hereby waives any rights of appraisal
or rights to dissent from the Merger that it may have under applicable law. 
 Section 11. Miscellaneous. 
 (a) Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter
hereof and supersedes all prior agreements and understandings, both written and oral, between the parties with respect thereto. This Agreement may not be amended, modified or rescinded except by an instrument in writing signed by each of the parties
hereto. 
  

 - 4 - 

 (b) Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is
invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable law in
a mutually acceptable manner in order that the terms of this Agreement remain as originally contemplated to the fullest extent possible. 
 (c) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to the principles of conflicts of law thereof. 
 (d) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument. 
 (e) Notices. All notices and other communications hereunder
shall be in writing and shall be deemed duly delivered (i) three business days after being sent by registered or certified mail, return receipt requested, postage prepaid, or (ii) one business day after being sent for next business day
delivery, fees prepaid, via a reputable nationwide overnight courier service, in each case to the intended recipient as set forth below: 
 (i) if to a Stockholder to the address set forth on the respective signature page of this Agreement; 
 (ii) if to the Buyer to: 
 Versata Enterprises, Inc. 
 6011 West Courtyard Drive 
 Suite 300 
 Austin, Texas 78730 
 Attn: Lance A. Jones 
 Telecopy: (512) 874-3502 
 with a copy to: 
 Haynes and Boone, LLP 
 901 Main Street 
 Suite 3100 
 Dallas, Texas 75202 
 Attn: Dennis R. Cassell 
 Telecopy: (214) 200-0788 
 (iii) if to the Company to: 
 TenFold Corporation 
 698 West 10000 South 
 South Jordan, Utah 84095 
 Attn: Robert P. Hughes 
 Telecopy: (801) 816-0340 
  

 - 5 - 

 with a copy to: 
 Munger, Tolles & Olson LLP 
 355 South Grand Avenue 
 35th Floor 
 Los Angeles, California 90071-1560 
 Attn: Robert B. Knauss 
 Telecopy: (213) 687-3702 
 (f) No Third Party Beneficiaries. This Agreement is not intended, and shall not be deemed, to confer any rights or remedies upon any person other than the parties hereto and their respective successors and
permitted assigns, to create any agreement of employment with any person or to otherwise create any third-party beneficiary hereto. 
 (g) Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise by any of the parties hereto without the
prior written consent of the other parties, and any such assignment without such prior written consent shall be null and void, except that the Buyer may assign this Agreement to any direct or indirect wholly owned subsidiary of the Buyer without the
consent of the Company or the Stockholder, provided, that the Buyer shall remain liable for all of its obligations under this Agreement. Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be
enforceable by, the parties hereto and their respective successors and permitted assigns. 
 (h) Interpretation. When
reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement, unless otherwise indicated. The headings contained in this Agreement are for convenience of reference only and shall not affect in any way the
meaning or interpretation of this Agreement. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party.
Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. Any reference to any
federal, state, local or foreign statute or law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” No summary of this Agreement prepared by the parties shall affect in any way the meaning or interpretation of this
Agreement. 
 (i) Submission to Jurisdiction. Each of the parties to this Agreement (i) consents to submit itself
to the personal jurisdiction of any state or federal court sitting in the State of Delaware in any action or proceeding arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement, (ii) agrees that all
claims in respect of such action or proceeding may be heard and determined in any such court, (iii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court and
(iv) agrees not to bring any action or proceeding arising 

  

 - 6 - 

 
out of or relating to this Agreement or any of the transactions contemplated by this Agreement in any other court. Each of the parties hereto waives any
defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto. Any party hereto may make service on another party
by sending or delivering a copy of the process to the party to be served at the address and in the manner provided for the giving of notices in Section 11(e) hereto. Nothing in this Section, however, shall affect the right of any party to serve
legal process in any other manner permitted by law. 
 (j) WAIVER OF JURY TRIAL. EACH OF THE BUYER, THE COMPANY AND
EACH STOCKHOLDER HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THE ACTIONS OF THE BUYER, THE COMPANY OR EACH STOCKHOLDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT. 
 [Signature Pages to follow] 
  

 - 7 - 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be signed individually or by
its respective duly authorized officer as of the date first written above. 
  

			
	TENFOLD CORPORATION
		
	By:	 	 
	 Name:
 Title:
	 	 Robert Felton
 President and CEO

	
	VERSATA ENTERPRISES, INC.
		
	By:	 	 
	 Name:
 Title:
	 	 Sean P. Fallon
 Vice President – Finance and
Chief
 Financial Officer

  

 - 8 - 

			
	 STOCKHOLDERS:
  
 JEFFREY WALKER

		
	By:	 	 
	 Name:
 Address:
 Address:
	 	 Jeffrey Walker
 ____________________________
 ____________________________

	
	CASSANDRA WALKER
		
	By:	 	 
	 Name:
 Address:
 Address:
	 	 Cassandra Walker ____________________________
 ____________________________

	
	WALKER CHILDREN’S TRUST
		
	By:	 	 
	 Name:
 Title:
 Address:
 Address:
	 	 Jeffrey Walker
 Trustee
 ____________________________
 ____________________________

	
	FIRST MEDIA TF HOLDINGS, LLC
		
	By:	 	 First Media, L.P., its sole member and
 manager

		
	By:	 	 First Media Corporation, its sole General
 Partner

		
	By:	 	 
	 Name:
 Title:
 Address:
 Address:
	 	 Ralph W. Hardy, Jr.
 Secretary
____________________________
 ____________________________

  

 - 9 - 

			
	 STOCKHOLDERS, CONTINUED:
  
 ROBERT W. FELTON TRUST

		
	By:	 	 
	 Name:
 Title:
 Address:
 Address:
	 	 Robert W. Felton
 Trustee
 ____________________________
 ____________________________

	
	STEPHEN H. COLTRIN
		
	By:	 	 
	 Name:
 Address:
 Address:
	 	 Stephen H. Coltrin ____________________________
 ____________________________

  

 - 10 - 

 SCHEDULE I 
  

					
	 STOCKHOLDER
	  	NUMBER OF SHARES
OF COMMON STOCK	  	NUMBER OF SHARES
OF PREFERRED STOCK
	 Jeffrey & Cassandra Walker
	  	13,194,800	  	—  
	 Walker Children’s Trust
	  	3,869,800	  	—  
	 First Media TF Holdings
	  	3,340,330	  	476,342
	 Robert W. Felton Trust
	  	3,421,737	  	476,342
	 Stephen H. Coltrin
	  	—  	  	119,085

  

 - 11 -

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