0001558370-16-005673 Sample Contracts

LOAN AGREEMENT
Loan Agreement • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance • Texas
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GUARANTY AGREEMENT
Guaranty Agreement • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance • Texas

This GUARANTY AGREEMENT (this "Guaranty") is made as of the 31st day of March, 2016, by Guarantor (as hereinafter defined) for the benefit of Lender (as hereinafter defined).

SEVERANCE agreement
Severance Agreement • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance • Texas

This Severance Agreement (this “Agreement”) dated as of February 4, 2016, is entered into by and between Matthew A. Freeman (“Employee”) and T.B.A. Insurance Group, Ltd., a Texas limited partnership (the “Company” or “Employer”), collectively, the “Parties.”

EMPLOYMENT AGREEMENT
Employment Agreement • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance • Texas

This Employment Agreement (the “Agreement”) is made and entered into as of February 4, 2016, by and between T.B.A. Insurance Group, Ltd., a Texas limited partnership having its principal offices located at 1900 L. Don Dodson Drive, Bedford, Texas 76021 (“Employer” or “Company”), and Matthew A. Freeman (“Employee”), collectively, the “Parties.”

PLEDGE AND SECURITY AGREEMENT
Pledge and Security Agreement • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance • Texas
STATE NATIONAL COMPANIES, INC.
State National • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance

The Committee hereby grants to the individual named above (the “Recipient”) a Restricted Stock Award for the number of Shares listed above, subject to the terms and conditions of the Plan and this Restricted Stock Award Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Restricted Stock Award Agreement, the terms and conditions of the Plan shall prevail.

STATE NATIONAL COMPANIES, INC.
State National • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance

Total Restricted Stock Award: Number of Shares equal to $_______ divided by Fair Market Value of a Share on the Date of Grant, rounded down to the nearest whole Share

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