0000950144-06-008951 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 19th, 2006 • First Acceptance Corp /De/ • Fire, marine & casualty insurance • Tennessee

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made as of September 13, 2006 by and between First Acceptance Corporation, a Delaware corporation (the “Company”), and Edward Pierce (“Executive”).

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NONQUALIFIED STOCK OPTION AGREEMENT FIRST ACCEPTANCE CORPORATION 2002 LONG TERM INCENTIVE PLAN
Nonqualified Stock Option Agreement • September 19th, 2006 • First Acceptance Corp /De/ • Fire, marine & casualty insurance
FIRST ACCEPTANCE CORPORATION AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • September 19th, 2006 • First Acceptance Corp /De/ • Fire, marine & casualty insurance

This AMENDMENT to EMPLOYMENT AGREEMENT is made by and between Thomas M. Harrison, Jr. (the “Executive”) and First Acceptance Corporation, a Delaware corporation (the “Company”) effective as of September 13, 2006 (the “Amendment Effective Date”).

FIRST ACCEPTANCE CORPORATION AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • September 19th, 2006 • First Acceptance Corp /De/ • Fire, marine & casualty insurance

This AMENDMENT to EMPLOYMENT AGREEMENT is made by and between Stephen J. Harrison (the “Executive”) and First Acceptance Corporation, a Delaware corporation (the “Company”) effective as of September 13, 2006 (the “Amendment Effective Date”).

STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • September 19th, 2006 • First Acceptance Corp /De/ • Fire, marine & casualty insurance • Tennessee

This Stock Purchase Agreement (this “Agreement”) is made as of September 13, 2006 by and between First Acceptance Corporation, a Delaware corporation (the “Company”), and Edward Pierce (“Executive”).

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