Document:

Employment Agreement of L. Kevin Kelly

 Exhibit 10.1 
  
 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 
  
 May 27, 1997 
  
 Mr. L. Kevin Kelly 
 Homat Green Hill #120 
 4-2-8 Shibuya, Shibuya-ku 
 Tokyo, Japan 
  
 Dear Kevin: 
  
 Thank you for taking the time with our key partners. We are very much looking forward to having you as a member of the H&S family worldwide. Based on the
parameters we discussed previously, we are pleased to confirm Heidrick & Struggles Japan Co. Ltd.’s offer of employment to you and want to set forth our agreement, which is as follows: 
  

	1.	Employment: 

  
 You will join our Tokyo, Japan, branch office (“Company”) on July 15th, 1997, with the title of Partner to perform the duties of an executive
search consultant as you have agreed to perform those duties for us. You will report to the Tokyo Office Managing Partner with the understanding that we may change this at any time. As an executive search Partner, the Company will expect you to
achieve an acceptable level of Fee and Source of Business Credits after a reasonable break-in period. Based on your level of experience, we expect that your Fee and Source of Business Credits (Execution Fee plus Business Development) will be at
least ¥150,000,000 for our fiscal year ending September 30th, 1998, and ¥170,000,000 for our fiscal year ending September 30th, 1999, with the following year’s figures exceeding the foregoing after inflation. 
  

	2.	Probationary Period: 

  
 As is customary in Japan, you shall serve a six-month probationary period from the effective date of employment. During this probationary period we shall
determine if you are suitable for the duties referred to in Item 1 above. Should we determine, during this period, that you are, for any reason, unsuitable for the position, we may terminate this agreement and your employment with the company with
no liability whatsoever. Along the same lines, you may decide that H&S does not offer you the type of employment that you are comfortable with. 
  

	3.	Compensation: 

  
 Your compensation will consist of Items 4 through 8 below. 
  
 Kasurnigaseki Building Suite 3118 3-2-5 Kasurnigaseki Chiyoda-ka Tokyo 100 Phone: 03-3500-5310 FAX: 03-3500-5350 
  
 Heidrick & Struggles Japan. Ltd. Offices in Principal Cities of the World

  

 L. Kevin Kelly 
 May 28, 1997

 Page 2 
  

	4.	Wages (Base): 

  
 Your monthly base salary will be ¥1,330,000 (¥15,960,000 annually). Your position with the Company is an exempt position and does not qualify for
overtime pay. The monthly base salary will be paid on the 24th of each month. We may revise your monthly salary, taking into consideration your work performance and ability. Currently, salaries are reviewed in November of each year; therefore your
first salary review will be in November, 1998. 
  

	5.	Housing Allowance and Home Leave: 

  
 You will receive ¥650,000 per month as housing allowance. This amount will be paid at the time you move in one year from now*. You are also entitled
to one home leave per year. We will cover the cost of airline tickets for you and your family one time per year. 
  

	*	This could be sooner depending your circumstances. 

  

	6.	Local District Tax (Tokyo Ward): 

  
 Your Tokyo Ward taxes will be paid by H&S for the tax year of 1997, beginning July 15th, 1997 and thereafter. 
  

	7.	Discretionary Bonus: 

  
 You will be eligible for an annual Partner’s Incentive Bonus for our fiscal year ending September 30th, 1997, and you will be paid in December of
that year. Currently these types of bonuses are discretionary and are not earned until declared by the Board of Directors or the Executive Committee of the Board of Directors. Further, all discretionary and incentive bonuses are paid only if you are
in our employ on the bonus payment dates. A Partner Incentive Bonus is calculated based on performance and guided by a published formula. However, we will guarantee a minimum bonus of ¥25,000,000 for the fiscal year ending in 1998. As agreed,
there will be no guaranteed bonus for the 1997 fiscal year. When the guarantee expires, your bonus will be calculated based on the formula and paid to you in full. This calculation will include your base salary, housing allowance and district tax as
the base line. 
  

	8.	Commuting Allowance: 

  
 We will pay your commuting expenses in full. This amount will be added to your regular monthly salary. We are currently not encouraging the use of a
private car as a method of commuting. In the future, we may re-examine this commuting method. 
  
 HEIDRICK & STRUGGLES 
 Consultants in Executive Search 
  

 L. Kevin Kelly 
 May 28, 1997

 Page 3 
  

	9.	Retirement Plan: 

  
 As we discussed, H&S Japan Co. Ltd. may establish a retirement plan in 1997 for its employees after studying other professional firms’ retirement
programs in Japan. 
  

	10.	Work Hours: 

  
 Your regular work hours will be between 9:00 a.m. and 5:00 p.m. We may change the regular work hours from time to time depending on business
circumstances. 
  

	11.	Holidays and Paid Vacations: 

  
 Holidays and paid vacations shall be in accordance with company policy. 
  

	12.	Confidentiality Agreement: 

  
 Three copies of an agreement relating to trade secrets, confidential information, clients, et cetera, are enclosed. We ask all of our employees to sign
this agreement. Please review and sign all three copies and return two of them to us for processing. 
  

	13.	Rules of Employment: 

  
 The terms and conditions of your employment shall be governed by the provisions, provided, however, that if in the future we establish any Rules of
Employment, any conflicting terms and conditions of employment shall be governed by the Rules of Employment. 
  

	14.	No Conflicting Agreement: 

  
 As you have advised us, you have not and will not sign any agreement that will, in any way, affect your joining our firm or the performance of your work
for us. However, as you have informed us, we understand that there may be some minor exceptions. 
  

	15.	Entire Agreement and Amendment: 

  
 This agreement contains our entire understanding and can be amended only in the form of a written amendment signed by you and either the President or
Treasurer of the Company. 
  
 HEIDRICK &
STRUGGLES 
 Consultants in Executive Search 
  

 L. Kevin Kelly 
 May 28, 1997

 Page 4 
  
 Please confirm your acceptance of this employment agreement by signing and returning to me the enclosed copy of this letter, together with the agreement referred to in item 12 above. We are all looking forward to
working with you to build solid worldwide and Japan Financial practices. 
  

	
	 Sincerely,

	
	/s/    Koichi “Kris” Fukuda
	Koichi “Kris” Fukuda
	Managing Partner

  

							
	 cc:
	  	Mr. Tom Friel	  	phone 415-234-1500	  	fax 415-854-4191
	 	  	Mr. Rick Nelson	  	phone 312-496-1795	  	fax 312-496-1290

  
 I accept the above position and agree
to the above terms. 
  

					
			
	/s/    L. Kevin Kelly	 	 	 	 5-27-97

	L. Kevin Kelly	 	 	 	 Date

  
 Addendum: 
  
 1. Moving Expenses will be paid for by H.S. 
  
 2. Premium for Medical / Dental Insurance will be paid by H.S. 
  
 3. Tax preparation by A.A. will be paid by H.S. 
  
 4. Continuing Membership at American Club. 
  
 5. Home Trip back to the U.S. (one-way) in case of termination. 
  
 HEIDRICK & STRUGGLES 
 Consultants in Executive Search 
  

 September 2, 2002 
  
 PRIVATE & CONFIDENTIAL 
  
 Mr Kevin Kelly 
 38-16A Kamiyacho 
 Shibuya-ku, Tokyo 
 Japan 
  
 Dear Kevin, 
  
 This letter is an updated employment agreement between yourself and Heidrick & Struggles (Japan) Inc. and is meant to document the various changes that have been made
to your initial employment agreement with the firm in 1997. This letter supersedes all previous agreements, both written and verbal, and can be amended only in writing and agreed to by yourself and the Chief Executive Officer of Heidrick &
Struggles International or his delegate (CEO). The terms and conditions of this agreement are as follows: 
  

	1.	Title 

  
 You have the title of Senior Partner in the financial service practice. In addition you are currently serving in the roles of Office Managing Partner, Tokyo and Regional Managing Partner, Asia Pacific. As regional
managing partner you report to the Chief Operating Officer of Heidrick & Struggles International. You understand that the positions of OMP of Tokyo and RMP of Asia Pacific could change at anytime. 
  

	2.	Compensation 

  
 Your compensation will consist of items a) through f). 
  
 a) Your base salary is at the rate of ¥1,750,000 per month (¥21,000,000 annually), paid monthly on or about the 24th of the month. Your position
with the firm is an exempt position and does not qualify for overtime. 
  
 b) The firm currently leases for you a residence with a monthly rent of ¥1,500,000 under the legal rent scheme and paid the required deposits (shikikin). Of the total monthly rent, ¥700,000 will be excluded from your Total Cost to
the Firm. Any damages to the residence or deductions from the deposit will be your sole responsibility. 
  
 c) You are eligible to be considered for a discretionary bonus for the annual bonus period ending every December 31, payable in the same December and the
following March. Bonuses are calculated in accordance with the current Tokyo Partner/Principal Cash Compensation Policy (enclosed) on a Total Cost to the Firm basis (TCF). 

 You understand all bonuses are discretionary and are not earned until declared by the Board of Directors.

  
 All discretionary bonuses are paid only if you are in our
employ on the bonus payment dates and may be partially paid in equity in accordance with our GlobalShare program. 
  
 d) Commuting costs by public transportation, via a reasonable route, will be paid by the company. 
  
 e) The firm will pay your personal ward taxes on your behalf, including that
amount in your TCF. 
  
 f) The firm will provide you with the
following other benefits which will not be considered part of your TCF: 
  
 Tokyo American Club membership (monthly dues) 
 Japanese and US tax preparation by a
qualified tax professional chosen by the Firm. 
 School tuition for your children 
 Business class home leave for you and your family 
 Annual leave of 20 days per year 
 Medical insurance 
  

	3.	Fees and SOB expectations 

  
 Being a Senior Partner and given your level of experience you are expected to be “self-sufficient” and generate and execute a minimum of
¥250,000,000 per year. 
  

	4.	Working Hours 

  
 The standard working hours for all Heidrick & Struggles Japan employees are 9.00 a.m. to 5:30 p.m. Monday through Friday. Overall, you are expected to
work whatever hours necessary to fulfill your duties under the terms of this contract. 
  

	5.	Expenses 

  
 The company will reimburse you for any out-of-pocket expenses incurred on the firm’s behalf subject to presentation of appropriate receipts. Expenses
are to be submitted monthly for approval to the Asia Pacific Finance Director or his delegate. 
  

	6.	Exclusivity of Services 

  
 You are required to devote your whole time, attention, and abilities to the business and interests of the firm. You may not engage or be interested
whether directly or indirectly in any other trade or business other than that of the firm during the continuance of your employment with us, except with the written consent of the CEO. 
  

	7.	Confidentiality 

 You will appreciate that in the course of your employment you will be in the receipt of extremely
confidential and commercially sensitive information. You will, therefore, be expected to maintain the highest standards of probity and discretion and you will not pursue for your own purpose or for any purpose other than that of the firm, any
secret, confidential or private information relating to the private affairs of the firm, its clients and its business generally. If ever you are in any doubt concerning an issue of confidentiality, you should consult the CEO. 
  
 In the event of any improper disclosure, the firm reserves the right to take
disciplinary or other appropriate action, including immediate dismissal. 
  
 By signing this agreement you are reaffirming the confidentially agreement you signed when you originally joined the firm in 1997. 
  

	8.	Termination of Employment 

  
 Subject to the following paragraph, you are an “employee at will” unless or until we may otherwise agree in writing. This gives us maximum
flexibility and permits either of us to terminate employment and compensation at any time for any reason. If your employment is terminated by Heidrick & Struggles Japan, “notice or wages in lieu of” will be in accordance with existing
company policy, which is currently one (1) month. 
  
 If at any
time during your employment with Heidrick & Struggles Japan you should be guilty or commit any misconduct which is sufficiently serious in the view of the CEO such as an act of dishonesty, theft or breach of confidence, the firm reserves the
right to tender your immediate dismissal without notice or payment of notice. 
  

	9.	No Conflicting Agreement 

  
 You have advised us that you have not and will not sign any agreement that will, in any way, prohibit the performance of your work for us. 
  

	10.	Offer Term and Amendments 

  
 This Agreement contains our entire understanding and can be amended only in writing, which is signed by you and the CEO or his delegate. 
  
 Dave AndersonEmployment Agreement by and between Capital Title Group, Inc. and Donald R. Head

 Exhibit 10.19 
  
 CAPITAL TITLE GROUP, INC. 
  
 AMENDMENT 
 TO 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT amends the Employment Agreement dated March 7, 1998, by and
between CAPITAL TITLE GROUP, INC. (“Employer”) and DONALD R. HEAD (“Employee”) in the following particulars: 
  

	 	1.	Paragraph 4(a) is deleted. New paragraph 4(a) shall read: 

  
 “The annual salary (hereafter “Annual Base Compensation”) is increased to $270,000, effective January 1, 2003.” 
  

	 	2.	New paragraph 4(h) shall read: 

  
 “The Board of Directors shall, at the end of each year and at its sole discretion, determine an amount to be paid to Employee as an additional bonus
(hereafter “Additional Bonus”). The amount of the Additional Bonus shall be determined following a review at the end of each year, conducted by the Compensation Committee, of the performance of the Company, taking into account the economy,
shareholder value and the achievement of projected forecasts.” 
  

	 	3.	On execution of this Amendment to Employment Agreement, the Company shall cause Capital Title Group, Inc. to grant an option in favor of Employee to purchase an additional one
hundred thousand (100,000) shares of the common stock of CTGI based on the usual formulae for the strike price. 

  
 The foregoing provisions become effective as of January 1, 2003 and, except to the extent herein modified, the Employment Agreement and subsequent
Amendments thereto shall remain in full force and effect. 
  
 IN
WITNESS WHEREOF, the parties have hereunto executed this Agreement as of the 13 day of December, 2002. 
  

									
	EMPLOYER:	 	 	 	EMPLOYEE:
			
	CAPITAL TITLE GROUP, INC.	 	 	 	 
					
	 By
	 	/s/    TED F. LAMB        	 	 	 	 	 	/s/    DONALD R. HEAD        
	 	 	TED F. LAMB, Director 	 	 	 	 	 	DONALD R. HEAD

  

 CAPITAL TITLE GROUP, INC. 
  
 AMENDMENT 
 TO 
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT amends the Employment Agreement of June 1,1996, by and between CAPITAL TITLE GROUP, INC. (“Employer”) and DONALD R. HEAD
(“Employee”). References are to paragraph numbers in the Employment Agreement. 
  

	 	1.	Paragraph 2 is deleted. New Paragraph 2 shall read as follows: 

  
 “Term. Subject to the provisions for termination as hereinafter provided, the term of this Agreement shall be deemed to have commenced (the
“Commencement Date”) on April 1,1998, and shall terminate on March 31, 2003, unless extended to a New Termination Date as provided herein, and subject to early termination as provided below. This Agreement shall automatically be extended,
on each anniversary of the Commencement Date (“Anniversary”) to a New Termination Date, which date shall be five (5) years after the date of such Anniversary, unless not less than sixty (60) days prior to any such Anniversary, either (a)
written notice of termination is delivered to Employee by the Board, or (b) written notice of resignation is given to the Board by Employee. 
  

	 	2.	Paragraph 4(a) is deleted. New paragraph 4(a) shall read: 

  
 “The annual salary (hereafter “Annual Base Compensation”) is increased to $200,000, effective April 1, 1998, to be paid on a pro rata basis
for the balance of the current calendar year.” 
  

	 	3.	Paragraph 4(b) is deleted. New paragraph 4(b) shall read: 

  
 “Employee shall receive additional compensation payable annually in an amount (the “Annual Bonus Amount”) equal to four percent (4%) of the
Employer’s annual income before taxes, but not to exceed two hundred percent (200%) of Employee’s Annual Base Compensation as of the Commencement Date to be determined in accordance with generally accepted accounting principles (the Actual
Annual Income Amount). For purposes of computing the Annual Bonus Amount, the Actual Annual Income Amount shall be calculated without taking into account (a) the Annual Bonus Amounts of either the Employee or the President, or (b) gains from (i) the

  

 
periodic disposition of assets, (ii) extraordinary events, and (iii) discontinued operations, or (c) the cumulative effect of changes in accounting estimates
or treatments.” 
  

	 	4.	Paragraph 4(c) is deleted. New Paragraph 4(c) shall read: 

  
 “In any instance when the Actual Annual Income Amount is less than seventy-five percent (75%) of the budgeted Annual Income Amount of the Employer
(but only on condition that, with the Employee acting in good faith, the budget has been approved prior to the end of the first quarter of the year to which it applies), the Board of Directors may reduce the Annual Bonus Amount to such sum as it
determines to be appropriate for the lower performance actually realized.” 
  

	 	5.	New Paragraph 4(d) is added and shall read as follows: 

  
 “Notwithstanding any other provision of Paragraph 4, in the event that Employee’s employment is terminated by Employer or its successor without
cause and for reasons other than Employee’s death (which shall be governed by Paragraph 12), or disability (which shall be governed by clause (ii) of Paragraph 3), within two (2) years of a Change in Control event as hereafter defined, Employee
shall be paid severance compensation in an amount equal to three hundred percent (300%) of his then Annual Base Compensation calculated on a full-year basis. Additionally, Employee shall be paid the Annual Bonus Amount calculated on a pro rata basis
for the period of employment in the year when the termination becomes effective.” 
  

	 	6.	New Paragraph 4(e) is added and shall read as follows: 

  
 “Severance compensation shall be payable, at the sole discretion of Employee, either (i) in equal semi-monthly-installments, or (ii) in one lump sum
in an amount equal to the aggregate of all payments required to be made hereunder. The final Bonus Amount shall be paid on the latter often (10) days following (i) the filing with the SEC of the Employer’s annual 10-K report for the preceding
fiscal year, or (ii) April 1st of the year next following Employee’s termination. Delinquent severance compensation due under clause 6(ii) shall bear interest at ten percent (10%) per annum for three (3) months and thereafter at fourteen
percent (14%) per annum until paid.” 
  

 2 

	 	7.	New Paragraph 4(f) is added and shall read as follows: 

  
 “The Annual Bonus Compensation shall be due and payable on the latter of (i) ten (10) days following the filing with the SEC of the Employer’s
annual 10-K report for the preceding fiscal year, or (ii) April 1st”. 
  

	 	8.	New Paragraph 4(g) is added and shall read: 

  
 “Change in Control shall have occurred at any time within a one-year period that (i) a majority of the members of the Board of Directors serving
prior to that date have been replaced by opposing nominees elected to such positions, and (ii) a change in control of fifty percent (50%) or more of the shares of common stock of Capital Title Group held by affiliates of the Employer (as that term
is defined in the Securities Exchange Act of 1934).” 
  
 IN
WITNESS WHEREOF, the parties have executed this Amendment to Employment Agreement on the 15th day of April, 1998.

  

			
	CAPITAL TITLE GROUP, INC.
		
	 By
	 	/s/    DEBORAH CAMPBELL        
	 	 	Vice-President / Treasurer
		
	 	 	EMPLOYER
	
	/s/    DONALD R.
HEAD        
	 	 	DONALD R. HEAD
		
	 	 	EMPLOYEE

  

 3 

 COPY 
  
 CAPITAL TITLE GROUP, INC. 
  
 EMPLOYMENT AGREEMENT 
  

			
	Name of Employee (herein “Employee”):	  	DONALD R. HEAD
		
	Date:	  	June 1, 1996
		
	Initial Termination Date:	  	May 31, 2001
		
	Annual Salary:	  	$ 96,000 1st year
	 	  	$150,000 2nd year
	 	  	plus 6% of the profit
	 	  	before tax
		
	Position(s):	  	Chairman of the Board; and
	 	  	Chief Executive Officer

  
 THIS AGREEMENT
is entered into between Capital Title Group, Inc., a Delaware corporation (“Employer”), and Employee for the following purposes and upon the following conditions: 
  
 1. Employment. Employer hereby employs Employee as provided herein, and Employee hereby accepts such employment upon
the terms and conditions hereinafter set forth. On the effective date, this Agreement supersedes all prior agreements between Employer and Employee. 
  
 2. Term. Subject to the provisions for termination as hereinafter provided, the term of this Agreement shall begin on the date hereof and shall
terminate on the Initial Termination Date as provided above, unless extended to a New Termination Date as provided herein, and subject to early termination as provided below. This Agreement shall automatically be extended, on each anniversary of the
date hereof (“Anniversary”) to a New Termination Date, which date shall be ten (10) years after the date of such Anniversary, unless not less than sixty (60) days prior to any such Anniversary, either (a) written notice of termination is
delivered to Employee by the Board, or (b) written notice of resignation is given to the Board by Employee. In the event notice of termination is delivered to Employee by the Board in accordance with the preceding clause (a), this Agreement shall
terminate on the New Termination Date to which it was extended on the last preceding Anniversary or, if such notice is given prior to the first Anniversary, on the Initial Termination Date. 
  

 3. Early Termination. Except as provided in Paragraph 2, Employer may not terminate this Agreement
without cause. This Agreement may be terminated at any time with cause, if: (i) Employee is convicted of the willful and intentional commission of a crime (excluding traffic violations); (ii) if Employee is absent from work due to health or other
reasons for more than 180 consecutive days; or (iii) in the reasonable judgment of the Board of Directors, Employee has materially failed to perform his duties hereunder. In the event of any such termination, Employee shall continue to render his
services and shall be paid his regular compensation up to the effective date of termination as set by resolution of the Board of Directors, which shall not have retroactive effect. 
  
 4. Compensation. 
  
 (a) For the first year of this Agreement, Employer shall pay Employee an annual salary in the amount of $96,000.00, and in the second and
each succeeding year $150,000.00, payable in equal semi-monthly installments at the Company’s regular payroll periods. Notwithstanding any other provision in this Agreement, in the event of any resignation or other termination of this Agreement
for any reason during a sixty (60) month period following a “Change in Control of Employer” as defined herein, unless the operation of this paragraph shall expressly and voluntarily be waived by the Employee in a written instrument signed
by the Employee specifically for that purpose, the compensation required to be paid by Employer or Employee under this Agreement shall continue to be paid as though this Agreement had not terminated until the most recently established New
Termination Date; provided, however, the foregoing provision shall not apply to early termination of this Agreement upon the death (which shall be governed by Paragraph 12), disability (which shall be governed by clause (ii) of Paragraph 3),
termination following a conviction for the wilful and intentional commission of a crime (which shall be governed by clause (i) of Paragraph 3) and upon retirement at or after the Employee’s normal retirement date. Any compensation required to
be paid under this Paragraph following the resignation of Employee or other termination of this Agreement as hereinabove provided within sixty (60) months following any Change in Control of Employer, shall be paid, in the sole discretion of
Employee, either (i) in equal semi-monthly installments as provided in this Paragraph as though no change in the status of Employee under this Agreement had occurred, or (ii) in one lump sum in an amount equal to the aggregate of all payments
required to be made hereunder. 
  
 (b) Additional
compensation shall be paid to Employee annually in an amount equal to six percent (6%) of the Employer’s pre-tax net profit on all company operations, calculated according to generally acceptable accounting principles applicable to title
insurance agencies consistently applied, prorated in the first year of employment for the period remaining in the Employer’s fiscal year if less than twelve (12) months, such compensation to be determined and paid within three (3) months
following the end of each succeeding fiscal year. Pretax profits for purposes of this Agreement shall be net taxable income attributable to operations as disclosed by Employer’s federal income tax returns and related internal records, but
exclusive of bonuses, dividends or other remuneration to 

  

 2 

 
stockholders, directors or executive committees. Copies of the Employer’s federal tax returns shall be furnished to Employee when received by the
Employer’s accounting firm in final form. At the Employer’s option, estimated compensation may be paid in successive fiscal years with appropriate adjustments spread over twelve (12) month periods in the event of any under or over
estimated payments made pursuant to this paragraph. 
  
 (c) “Change in Control of Employer” shall be deemed to have occurred when any of the following events shall occur: 
  

	 	(i)	any person, excluding existing shareholders as of the date of this Agreement, shall acquire, directly or indirectly, beneficial ownership of equity securities of Employer
representing in excess of twenty percent (20%) of the outstanding shares of any class of equity securities of Employer (for purposes hereof, “beneficial ownership” shall have the meaning prescribed in Rule 13d-3 promulgated under the
Securities Exchange Act of 1934); or 

  

	 	(ii)	any person who has acquired, directly or indirectly, beneficial ownership of equity securities of Employer (as defined in the preceding clause) representing in excess of twenty
percent (20%) of the outstanding shares of any class of equity securities of Employer shall seek to nominate or seek to cause to be elected to the Board of Directors, any person who has not been nominated for election to the Board by a majority of
the then incumbent directors of Employer. 

  
 5.
Duties. Employee is engaged in the Position (s) listed above to discharge the normal duties associated with said Position (s), and shall be vested with such authority as provided in the Bylaws, as specifically directed by the Board of
Directors of Employer or officers having authority over Employee under the Bylaws (“Senior Officers”), or pursuant to the general operating policies adopted by the Board of Directors of Employer. If elected to do so by the shareholders,
Employee will serve on the Board of Directors during the term of this Agreement, and will serve in such capacity without further compensation beyond that specified above, unless otherwise determined by the Board of Directors. He will keep the Board
of Directors and Senior Officers fully informed, will on a regular schedule (at least quarterly) present detailed financial information and business plans to the Board for approval and adoption, and thereafter conscientiously pursue their
accomplishment. 
  
 6. Extent of Service. Employee agrees
to devote all of his time, attention, and energies to the business of Employer; provided, however, that Employee may pursue passive investment activities not competing with, or in conflict with his duties to, Employer. 
  
 7. Working Facilities and Staff. Employer shall pay for an office,
administrative staff, telecommunications and computer equipment and such other facilities, equipment and services, suitable to Employee’s position and adequate for the performance of his duties. 
  

 3 

 8. Business Expenses. Employee is authorized to incur reasonable expenses for promoting the
business of Employer, including expenses for entertainment, travel, and similar items. Employer will reimburse Employee for all such expenses upon presentation by Employee of an itemized account of such expenditures. Such expenditures shall be
within approved budget items for such expense. In the event of any subsequent disallowance by the Internal Revenue Service of such reimbursed expenses as deductions on Employer’s income tax returns, such disallowed expense shall be treated as
an advance of future sums to be paid by Employer to Employee under this Agreement, except in those instances where such expenses are specifically authorized or directed by Employer prior to Employee’s expenditure therefor, which expenses shall
not be chargeable to Employee. 
  
 9. Automobile Expense
Allowance. Employer shall pay Employee, in addition to his regular salary, an automobile expense allowance in the amount of $800 per month, payable semi-monthly. 
  
 10. Medical Expenses. During the term of this Agreement, Employer shall provide a group health plan for the coverage
of the medical expenses of Employee and his immediate family dependents, with such plan to provide for the payment of medical expenses in amounts and under terms as are reasonable and customary for plans for businesses such as Employer. 

 
 11. Vacations. Employee shall be entitled in each year of this
Agreement to a vacation of three weeks during which time his compensation shall be paid in full. Employee may direct that unused vacation time be carried over from the year to which it relates to a following year and be accumulated for
Employee’s use in such year or subsequent years, or that he be paid for any unused vacation time at the end of any year. In addition, Employee shall be entitled to normally established paid holidays and other employee benefit programs,
including, but not limited to, sick leave. 
  
 12. Death During
Employment. If Employee dies during the term of this employment, Employer shall pay to the estate of Employee the compensation, including any bonus, which would otherwise be payable to Employee up to the end of the month in which his death
occurs and will continue to make payments of such compensation to his estate for a period of three (3) years after Employee’s death. 
  
 13. Return of Books and Papers. Upon the termination of Employee’s employment with Employer for any reason, Employee shall deliver promptly to
Employer all manuals and memoranda; all cost, pricing and other financial data; all customer information; all other written or printed materials which are the property of the Company (and any copies of them); and all other materials which may
contain confidential information relating to the business of Employer, which Employee may then have in his possession whether prepared by Employee or not. 
  

 4 

 14. Notices. Any notice required or permitted to be given under this Agreement shall be sufficient
if in writing, and if sent by registered mail to his residence in the case of Employee, or to its principal office in the case of Employer. 
  
 15. Waiver of Breach. The waiver by Employer of a breach of any provision of this Agreement by Employee shall not operate or be construed as a
waiver of any subsequent breach by Employee. 
  
 16.
Assignment. The rights and obligations of Employer under this Agreement shall inure to the benefit of, and shall be binding upon, the successor and assigns of Employer. 
  
 17. Entire Agreement. This instrument contains the entire agreement of the parties. It may not be changed orally but
only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought. 
  
 18. Paragraph Headings. Paragraph headings have been chosen and used for convenience in referring to the various sections and paragraphs of the
Agreement and are not to be accorded by meaning or significance beyond such use in any interpretation of any provisions of this Agreement. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on the 1st day of June, 1996. 
  

			
	CAPITAL TITLE GROUP, INC.
		
	 By:
	 	/s/    ANDREW A. JOHNS        
	 	 	President
		
	 	 	EMPLOYER
	
	/s/    DONALD R.
HEAD        
	 	 	DONALD R. HEAD
		
	 	 	EMPLOYEE

  

 5 

 CAPITAL TITLE GROUP, INC. 
  
 AMENDMENT 
 TO 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT amends the Employment Agreement dated March 7, 1998, by and
between CAPITAL TITLE GROUP, INC. (“Employer”) and DONALD R. HEAD (“Employee”) in the following particulars: 
  

	 	1.	Paragraph 4(a) is deleted. New paragraph 4(a) shall read: 

  
 “The annual salary (hereafter “Annual Base Compensation”) is increased to $300,000, effective April 1, 2005.” 
  
 Except to the extent herein modified, the Employment Agreement dated March 7,
1998 and subsequent Amendments thereto shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the parties have hereunto executed this Agreement as of the 8th day of March, 2005. 
  

									
	EMPLOYER:	 	 	 	EMPLOYEE:
			
	CAPITAL TITLE GROUP, INC.	 	 	 	 
					
	By:	 	/s/    TED F. LAMB        	 	 	 	By:	 	/s/    DONALD R. HEAD        
	 	 	TED F. LAMB, Director	 	 	 	 	 	DONALD R. HEAD

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]