Document:

EX-10.43

 Exhibit 10.43 

FIDELITY & GUARANTY LIFE 

2013 NON-STATUTORY STOCK OPTION AGREEMENT 

This Employee Non-Statutory Stock Option Agreement (the “Agreement”), dated as of December 31, 2013, between
Fidelity & Guaranty Life, a Delaware corporation, and the Employee whose name appears on the signature page hereof, is being entered into pursuant to the Fidelity & Guaranty Life 2013 Stock Incentive Plan. 

The Company and the Employee hereby agree as follows: 

Section 1. Certain Definitions. Capitalized terms used in this Agreement and not defined herein shall have the respective meaning
ascribed to such terms in the Plan. The following additional terms shall have the following meanings: 
 “Aggregate Price”
has the meaning set forth in Section 5(a). 
 “Agreement” means this Employee Non-Statutory Stock Option Agreement, as
amended from time to time in accordance with the terms hereof. 
 “Cause” as to any Employee who is party to an employment
agreement with the Company or a Subsidiary or Affiliate, has the same meaning as set forth in such employment agreement. In the absence of such an employment agreement, “Cause” shall mean the Employee (i) shall have been convicted,
indicted for, or entered a plea of nolo contendere to, any felony or any other act involving fraud, theft, misappropriation, dishonesty, or embezzlement, (ii) shall have committed intentional and willful acts of misconduct that materially
impair the goodwill or business of the Company or cause material damage to its property, goodwill, or business, or (iii) shall have willfully refused to, or willfully failed to, perform in any material respect his or her duties, provided,
however, that no such termination for Cause under clause (iii) shall be effective unless the Employee does not cure such refusal or failure to the Company’s reasonable satisfaction as soon as practicable after the Company gives the
Employee written notice identifying such refusal or failure (and, in any event, within ten (10) calendar days after receipt of such written notice). The determination as to whether “Cause” has occurred shall be made by the Committee,
which shall have the authority to waive the consequences under the Plan of the existence or occurrence of any of the events, acts or commissions constituting “Cause.” A termination for Cause shall be deemed to include a determination
following an Employee’s termination of employment for any reason that circumstances existed prior to such termination sufficient for the Company or one of its Subsidiaries or Affiliates to have terminated such Employee’s employment for
Cause. 
 “Employee” means the grantee of the Non-Statutory Stock Options (whether an employee, consultant or director),
whose name is set forth on the signature page of this Agreement; provided that following such person’s death “Employee” shall be deemed to include such person’s beneficiary or estate and following such person’s Disability,
“Employee” shall be deemed to include such person’s legal representative. 

 “Exercise Date” has the meaning set forth in Section 5(a). 

“Exercise Price” has the meaning set forth in Section 5(a). 

“Financing Agreements” means any guaranty, financing or security agreement or document entered into by the Company or any
Subsidiary from time to time. 
 “Normal Termination Date” has the meaning set forth in Section 4(a). 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

Section 2. Grant of Non-Statutory Stock Options 

(a) Confirmation of Grant. The Company hereby evidences and confirms, effective as of the date hereof, its grant to the
Employee of Non-Statutory Stock Options to purchase the number of shares of Stock specified on the signature page hereof. The Non-Statutory Stock Options are not intended to be incentive stock options under the Code. This Agreement is entered into
pursuant to, and the terms of the Non-Statutory Stock Options are subject to, the terms of the Plan. If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern. 

(b) Exercise Price. Each share of Stock covered by an Non-Statutory Stock Option shall have the Exercise Price specified
on the signature page hereof. 
 Section 3. Vesting and Exercisability 

(a) Vesting. Except as otherwise provided in Section 3(b) or 6 of this Agreement, the Non-Statutory Stock Options
shall become vested in three equal installments on each of the first through third anniversaries of the Grant Date, subject to the continuous employment of the Employee with the Company until the applicable vesting date. 

(b) Discretionary Acceleration. The Committee, in its sole discretion, may accelerate the vesting or exercisability of
all or a portion of the Non-Statutory Stock Options, at any time and from time to time. 
 (c) Exercise. Once vested
in accordance with the provisions of this Agreement, the Non-Statutory Stock Options may be exercised at any time and from time to time prior to the date such Non-Statutory Stock Options terminate 

  
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pursuant to Section 4. Non-Statutory Stock Options may only be exercised with respect to whole shares of Stock and must be exercised in accordance with Section 5. 

Section 4. Termination of Non-Statutory Stock Options 

(a) Normal Termination Date. Unless earlier terminated pursuant to Section 4(b) or Section 6, the
Non-Statutory Stock Options shall terminate on the seventh anniversary of the Grant Date (the “Normal Termination Date”), if not exercised prior to such date. 

(b) Early Termination. If the Employee’s employment with the Company terminates for any reason, any Non-Statutory
Stock Options held by the Employee that have not vested before the effective date of such termination of employment shall terminate immediately upon such termination of employment and, if the Employee’s employment is terminated for Cause, all
Non-Statutory Stock Options (whether or not then vested or exercisable) shall automatically terminate immediately upon such termination. 

Section 5. Manner of Exercise 

(a) General. Subject to such reasonable administrative regulations as the Committee may adopt from time to time, the
Employee may exercise vested Non-Statutory Stock Options by giving advance notice to the Company specifying the proposed date on which the Employee desires to exercise a vested Non-Statutory Stock Option (the “Exercise Date”), the
number of whole shares with respect to which the Non-Statutory Stock Options are being exercised (the “Exercise Shares”) and the aggregate Exercise Price for such Exercise Shares (the “Aggregate Price”). Subject to
Section b(c) of the Plan, on or before the Exercise Date the Employee shall deliver to the Company full payment for the Exercise Shares in United States dollars in cash, or cash equivalents satisfactory to the Company, or, if so permitted by the
Committee (and on such conditions as the Committee shall determine) (A) through a net issuance arrangement pursuant to which a number of shares of Stock subject to the portion of the Non-Statutory Stock Option being exercised, having a Fair
Market Value equal to the applicable exercise price plus the required minimum withholding taxes, are retained by the Company or (B) by using a broker assisted cashless exercise program acceptable to the Committee, and the Company shall
direct such issuance to be registered by the Company’s transfer agent. The Company may require the Employee to furnish or execute such other documents as the Company shall reasonably deem necessary (i) to evidence such exercise, or
(ii) to comply with or satisfy the requirements of the Securities Act, applicable state or non-U.S. securities laws or any other law. 

  
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 (b) Restrictions on Exercise. Notwithstanding any other provision of this
Agreement, the Non-Statutory Stock Options may not be exercised in whole or in part, and no certificates representing Exercise Shares shall be delivered, (i) unless (A) all requisite approvals and consents of any governmental
authority of any kind shall have been secured, (B) the Exercise Shares shall have been registered under such laws, and (C) all applicable U.S. federal, state and local and non-U.S. tax withholding requirements shall have been
satisfied or (ii) if such exercise would result in a violation of the terms or provisions of or a default or an event of default under, any of the Financing Agreements. The Company shall use its commercially reasonable efforts to obtain
any consents or approvals referred to in clause (i) (A) of the preceding sentence, but shall otherwise have no obligations to take any steps to prevent or remove any impediment to exercise described in such sentence. 

(c) Treatment of vested Non-Statutory Stock Options upon Termination of Employment. All vested Non-Statutory Stock
Options held by the Employee following the effective date of a termination of employment shall expire if not exercised by the Employee within 30 days following the effective date of such termination of employment or upon the Normal Termination Date,
if earlier. 
 Section 6. Change in Control. 

(a) Alternative Award. No cancellation, acceleration, vesting, lapse of restrictions or other payment shall occur with
respect to any Non-Statutory Stock Options in connection with a Change in Control if the Committee reasonably determines in good faith, prior to the occurrence of the Change in Control, that such Non-Statutory Stock Options shall be honored or
assumed, or new rights substituted therefor following the Change in Control (such honored, assumed, or substituted award, an “Alternative Award”), provided that any Alternative Award must: 

(i) Give the Employee who held such Non-Statutory Stock Options rights and entitlements substantially equivalent to or better
than the rights and terms applicable under such Non-Statutory Stock Options, including but not limited to an identical or better exercise and vesting schedule, and identical or better timing and methods of payment; and 

(ii) Have terms such that if, following a Change in Control, an Employee’s employment is involuntarily or constructively
terminated (other than for Cause) at a time when any portion of the Alternative Award is non-vested, the non-vested portion of such Alternative Award shall immediately vest and become exercisable in full. For purposes of

  
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this Section 6(a)(ii), involuntary termination of employment refers to actual, involuntary termination of employment (other than for Cause), and constructive termination of employment refers
to any of the following (other than for Cause) occurring within two years following the Change in Control: (A) material diminution in duties; (B) material diminution in compensation, or (C) a requirement to relocate to a primary place
of business more than 50 miles from Employee’s primary plan of business immediately prior to the Change in Control. 

(b) Vesting and Cancellation. Notwithstanding Section 6(a), if the Committee, in its discretion, determines that
the Employee will not receive an Alternative Award, all of Employee’s outstanding unvested Non-Statutory Stock Options shall vest, and all outstanding Non-Statutory Stock Options shall remain exercisable only for 30 days following the Change in
Control, at which time they shall expire, unless the Committee, in its discretion, determines to cancel the Non-Statutory Options in exchange for payment to Employee of the excess of the Fair Market Value of the Stock subject to the Options over the
exercise price of the Options, as set forth in Section 13(b) of the Plan (or otherwise take action with respect to the Options as set forth in Section 13(b) of the Plan). 

(c) Limitation of Benefits. In the event that it is determined that any acceleration of vesting, payment or other value
provided under this Agreement in connection with a change in control would be considered “parachute payments” within the meaning of Section 280G of the Code (the “Parachute Payments”) that, but for this
Section 6(c) would be payable to Grantee hereunder, and would, when combined with any other Parachute Payments under any other agreement or arrangement, exceed the greatest amount of Parachute Payments that could be paid to Employee without
giving rise to any liability for the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the aggregate amount of Parachute Payments payable to Employee hereunder shall be reduced such that it shall not
exceed the amount that produces the greatest after-tax benefit to Employee after taking into account any Excise Tax to be payable by Employee. 

Section 7. Miscellaneous. 

(a) Withholding. The Company or one of its Subsidiaries shall have the power to withhold, or to require the Employee to
remit to the Company an amount in cash sufficient to satisfy any applicable U,S. federal, state and local and non-U.S. tax withholding or other similar charges or fees that may arise in connection with the grant, vesting, exercise or purchase of the
Non-Statutory Stock Options. 

  
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 (b) Authorization to Share Personal Data. The Employee authorizes any
affiliate of the Company that employs the Employee or that otherwise has or lawfully obtains personal data relating to the Employee to divulge or transfer such personal data to the Company or to a third party, in each case in any jurisdiction, if
and to the extent necessary or appropriate in connection with this Agreement or the administration of the Plan. 
 (c) No
Rights as Stockholder; No Voting Rights. The Employee shall have no rights as a stockholder of the Company with respect to any shares of Stock covered by the Non-Statutory Stock Options until the exercise of the Non-Statutory Stock Options and
delivery of the shares of Stock. Except as provided in Section 13 of the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the delivery of the shares of Stock. 

(d) No Right to Continued Employment. Nothing in this Agreement shall be deemed to confer on the Employee any right to
continue in the employ of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary to terminate such employment at any time. 

(e) Non-Transferability of Non-Statutory Stock Options. The Non-Statutory Stock Options may be exercised only by the
Employee, or, following the Employee’s death, by his designated beneficiary or by his estate in the absence of a designated beneficiary. The Non-Statutory Stock Options are not assignable or transferable, in whole or in part, and they may not,
directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise) other than by will or by the laws of
descent and distribution to the estate of the Employee upon the Employee’s death or with the Company’s consent. 

(f) Notices. All notices and other communications required or permitted to be given under this Agreement shall be in
writing and shall be deemed to have been given if delivered personally or sent by certified or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery, to the Company or the Employee,
as the case may be, at the following addresses or to such other address as the Company or the Employee, as the case may be, shall specify by notice to the other: 

(i) if to the Company, to it at: 

Fidelity & Guaranty Life Holdings, Inc. 

1001 Fleet Street, 6th Floor 

Baltimore, MD 21202 
 Att:
General Counsel 

  
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 With a copy to: 

Harbinger Group, Inc. 
 450 Park
Ave, 30th Floor 
 New York New York 10022 

Att: General Counsel 

(ii) if to the Employee, to the Employee at his or her most recent address as shown on the books and records of the Company or
Subsidiary employing the Employee. 
 All such notices and communications shall be deemed to have been received on the date of delivery if
delivered personally or on the third business day after the mailing thereof. 
 (g) Binding Effect; Benefits. This
Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the
parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein. 

(h) Waiver. Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the
time for the performance of any of the obligations or other actions of the other parties under this Agreement, (B) waive compliance with any of the conditions or covenants of the other parties contained in this Agreement and
(C) waive or modify performance of any of the obligations of the other parties under this Agreement. Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver by the party or beneficiary taking such action of compliance with any representations, warranties, covenants or agreements contained herein. The waiver
by any party hereto or beneficiary hereof of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or privilege
hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges hereunder or shall be deemed a waiver of such party’s or beneficiary’s rights to exercise the same at any subsequent time or times
hereunder. 
 (i) Amendment. This Agreement may not be amended, modified or supplemented orally, but only by a written
instrument executed by the Employee and the Company. 

  
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 (j) Assignability. Neither this Agreement nor any right, remedy,
obligation or liability arising hereunder or by reason hereof shall be assignable by the Company or the Employee without the prior written consent of the other party. 

(k) Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State of
Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

(l) Arbitration; Waiver of Jury Trial. Any dispute, controversy or claim arising out of or pursuant to the Plan, this
Agreement, any other agreement entered into pursuant to the Plan or any undertakings, covenants and agreements incorporated by reference into the Plan or this Agreement shall be adjudicated as provided in Section 5 of the Plan. 

(m) Titles and Headings. The titles and headings of the sections in this Agreement are for convenience of reference only
and shall not affect the meaning or interpretation of this Agreement. 
 (n) Gender and Number. Except where otherwise
indicated by the context, any masculine term used herein shall also include the feminine; the plural shall include the singular and the singular shall include the plural. 

(o) Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original and all of which together shall constitute one and the same instrument. 
 (p) Clawback. Employee
acknowledges and agrees to be bound by the clawback provisions set forth in Section 21(b) of the Plan. 
 IN WITNESS WHEREOF, the
Company and the Employee have executed this Agreement as of the date first above written. 
  

			
	FIDELITY & GUARANTY LIFE
		
	By:	 	  

		 	Name:
		 	Title:
	
	THE EMPLOYEE:
	
	«Name »
	
	  

  
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	 Address of the Employee:

		
	Total Number of Shares	  	Exercise Price
	for the Purchase of Which	  	
	Non-Statutory Stock	  	
	Options have been Granted	  	
		
	[—] Shares	  	$[—]

  
 9EX-10.44

 Exhibit 10.44 

FIDELITY & GUARANTY LIFE 

2013 RESTRICTED STOCK AGREEMENT 

This RESTRICTED STOCK AGREEMENT, dated as of December 31, 2013 (the “Grant Date”) (this “Agreement”) is
entered into by and between Fidelity & Guaranty Life, a Delaware corporation (the “Company”) and (the “Employee”). 

WHEREAS, the Company and the Employee intend hereby to enter into this Agreement to evidence the Award of Restricted Stock to the Employee.

 NOW, THEREFORE, in consideration of the premises and subject to the terms and conditions set forth herein, the parties hereto agree as
follows: 
 The Company and the Employee hereby agree as follows: 

Section 1. Grant of Restricted Stock. Subject to the terms of this Agreement, the Company hereby evidences and confirms, effective
as of the date hereof, its grant to the Employee of the number of shares of Restricted Stock specified on the signature page hereof. This Agreement is entered into pursuant to, and the terms of the Restricted Stock are subject to, the terms of the
Plan. As of the Grant Date, the Restricted Stock will be registered in the Employee’s name. The Employee agrees that, within twenty-five days of the Grant Date, the Employee shall give notice to the Company as to whether or not the Employee has
made an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to the Restricted Stock. 

Section 2. Vesting and Forfeiture 

(a) Based on Continued Employment. The Restricted Stock shall vest in three equal installments on the first through
third anniversaries of the Grant Date, subject to the Employee’s continued employment with the Company through the applicable vesting date. 

(b) Alternative Award. No acceleration of vesting shall occur with respect to Restricted Stock if the Committee
reasonably determines prior to the Change in Control that the Restricted Stock agreement shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed, or substituted award, an
“Alternative Award”), provided that any Alternative Award must: 
 (i) Give the Employee who held Restricted
Stock rights and entitlements substantially equivalent to or better than the rights and terms applicable under this Restricted Stock agreement, including but not limited to an identical or better vesting schedule; and 

 (ii) Have terms such that if, following a Change in Control, an Employee’s
employment is involuntarily or constructively terminated (other than for Cause) at a time when any portion of the Alternative Award is non-vested, the non-vested portion of such Alternative Award shall immediately vest in full. For purposes of this
Section 2(b), involuntary termination of employment refers to actual, involuntary termination of employment (other than for Cause), and constructive termination of employment refers to any of the following (other than for Cause) occurring
within two years following the Change in Control: (A) material diminution in duties; (B) material diminution in compensation, or (C) a requirement to relocate to a primary place of business more than 50 miles from
Employee’s primary plan of business immediately prior to the Change in Control. 
 (c) Notwithstanding
Section 2(b), if the Committee, in its discretion, determines that the Employee will not receive an Alternative Award, any Restricted Stock that is unvested as of the Change in Control shall automatically become vested as of the Change in
Control (provided that the Employee has remained continuously employed by the Company through the Change in Control). 
 (d)
Limitation of Benefits. In the event that it is determined that any acceleration of vesting, payment or other value provided under this Agreement in connection with a change in control would be considered “parachute payments” within
the meaning of Section 280G of the Code (the “Parachute Payments”) that, but for this Section 6(c) would be payable to Grantee hereunder, and would, when combined with any other Parachute Payments under any other agreement or
arrangement, exceed the greatest amount of Parachute Payments that could be paid to Employee without giving rise to any liability for the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the aggregate amount of
Parachute Payments payable to Employee hereunder shall be reduced such that it shall not exceed the amount that produces the greatest after-tax benefit to Employee after taking into account any Excise Tax to be payable by Employee. 

(e) Discretionary Acceleration. The Board, in its sole discretion, may accelerate the vesting of all or a portion of the
Restricted Stock at any time and from time to time. 
 (f) Effect of Termination of Employment. If the Employee’s
employment with the Company is terminated by the Employee or by the Company, any unvested Restricted Stock shall be forfeited as of the date of termination. 

(g) No Other Accelerated Vesting. The vesting provisions set forth in this Section 2, or expressly set forth in the
Plan, shall be the exclusive vesting 

  
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provisions applicable to the shares of Restricted Stock and shall supersede any other provisions relating to vesting, unless such other such provision expressly refers to the Plan by name and
this Agreement by name and date. 
 Section 3. Dividends 

If the Company pays any cash dividend on the Stock, the Company shall credit to the Employee’s account an amount equal to
the product of (x) the number of shares of unvested Restricted Stock as of the record date for such distribution times (y) the per share amount of such dividend on Stock. Any cash amounts credited to the Employee’s
account shall be paid to the Employee on the applicable Vesting Date (as defined below), or alternatively, shall be forfeited at the same time Employee’s unvested Restricted Stock is forfeited. If the Company makes any dividend payment on the
Stock in the form of Stock or other securities, the Company will credit the Employee’s account with that number of additional shares of Stock or other securities that would have been distributed with respect to that number of shares of Stock
underlying the unvested Restricted Stock as of the record date thereof. Any such additional shares of Stock or other securities shall be subject to the same vesting and transfer restrictions as apply to the Restricted Stock. 

Section 4. Vesting of Restricted Stock 

On each date on which shares of Restricted Stock become vested pursuant to this Agreement (each, a “Vesting
Date”), subject to Section 8(a), the shares of Restricted Stock that have then vested (the “Vested Shares”) shall cease to be subject to this Agreement. 

Section 5. Employee’s Representations and Warranties 

(a) Access to Information, Etc. The Employee represents and warrants as follows: 

(i) the Employee understands the terms and conditions that apply to the Restricted Stock and the risks associated with the
Restricted Stock; and 
 (ii) as of the Grant Date, the Employee is an officer or employee of the Company or one of its
Subsidiaries. 
 (b) No Right to Awards. The Employee acknowledges and agrees that the grant of any Restricted Stock
(i) is being made on an exceptional basis and is not intended to be renewed or repeated, (ii) is entirely voluntary on the part of the Company and its Subsidiaries; and (iii) should not be construed as creating
any obligation on the part of the Company or any of its Subsidiaries to offer any Restricted Stock in the future. 

  
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 Section 6. Restriction on Transfer; Legending. 

(a) Prior to the applicable vesting date, the Restricted Stock is not assignable or transferable, in whole or in part, and it
may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise). Any purported transfer in
violation of this Section 6 shall be void ab initio. 
 (b) Prior to the applicable Vesting Date, a restrictive legend
shall be placed on any certificates representing the shares of Restricted Stock that makes clear that the shares are subject to the vesting conditions set forth in this Agreement and a notation shall be made in the appropriate records of the Company
or any transfer agent indicating that the shares are subject to such restrictions. 
 Section 7. Certain Definitions. As used in
this Agreement, capitalized terms that are not defined herein have the respective meanings given to them in the Plan, and the following additional terms shall have the following meanings: 

“Agreement” means this Employee Restricted Stock Agreement, as amended from time to time in accordance with
the terms hereof. 
 “Cause” as to any Employee who is party to an employment agreement with the Company or
a Subsidiary or Affiliate, has the same meaning as set forth in such employment agreement. In the absence of such an employment agreement, “Cause” shall mean the Employee (i) shall have been convicted, indicted for, or entered
a plea of nolo contendere to, any felony or any other act involving fraud, theft, misappropriation, dishonesty, or embezzlement, (ii) shall have committed intentional and willful acts of misconduct that materially impair the goodwill or
business of the Company or cause material damage to its property, goodwill, or business, or (iii) shall have willfully refused to, or willfully failed to, perform in any material respect his or her duties, provided, however, that no such
termination for Cause under clause (iii) shall be effective unless the Employee does not cure such refusal or failure to the Company’s reasonable satisfaction as soon as practicable after the Company gives the Employee written notice
identifying such refusal or failure (and, in any event, within ten (10) calendar days after receipt of such written notice). The determination as to whether “Cause” has occurred shall be made by the Committee, which shall have the
authority to waive the consequences under the Plan of the existence or occurrence of any of the events, acts or commissions constituting “Cause.” A termination for Cause shall be deemed to include a determination following an
Employee’s termination of 

  
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employment for any reason that circumstances existed prior to such termination sufficient for the Company or one of its Subsidiaries or Affiliates to have terminated such Employee’s
employment for Cause. 
 “Employee” means the grantee of the Restricted Stock whose name is set forth on the
signature page of this Agreement (whether an employee, consultant or director); provided that following such person’s death the “Employee” shall be deemed to include such person’s beneficiary or estate and following such
person’s Disability, the “Employee” shall be deemed to include such person’s legal representative. 

“Plan” means the Fidelity & Guaranty Life 2013 Stock Incentive Plan, as amended from time to time in
accordance with its terms. 
 “Restricted Stock” means the Stock evidenced by (and subject to the terms and
conditions of) this Agreement and the Plan. 
 “Securities Act” means the United States Securities Act of
1933, as amended, or any successor statute, and the rules and regulations promulgated thereunder. 
 “Vested
Shares” has the meaning given in Section 4. 
 “Vesting Date” has the meaning given in
Section 4. 
 Section 8. Miscellaneous 

(a) Withholding. The Company or one of its Subsidiaries shall require the Employee to remit to the Company an amount in
cash sufficient to satisfy any applicable U.S. federal, state and local and non-U.S. tax withholding obligations that may arise in connection with the vesting of the Restricted Stock. In order to give effect to this Section 8(a), if so
permitted by the Committee, the Company may retain a number of shares of Restricted Stock that have an aggregate Fair Market Value as of the Vesting Date equal to the amount of such taxes required to be withheld (and the Employee shall thereupon be
deemed to have satisfied his obligations under this Section 8(a)). The number of shares of Restricted Stock subject to vesting on such Vesting Date shall thereupon be reduced by the number of shares so retained. The foregoing method of
withholding shall not be applied to the extent that the Employee elects to satisfy his withholding obligation by delivery of cash to the Company from other sources. In addition, the foregoing method of withholding shall not be available if
withholding in this manner would violate any financing instrument of the Company or any of its Subsidiaries. 
 (b)
Authorization to Share Personal Data. The Employee authorizes any affiliate of the Company that employs the Employee or that otherwise has or 

  
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lawfully obtains personal data relating to the Employee to divulge such personal data to the Company if and to the extent appropriate in connection with this Agreement or the administration of
the Plan. 
 (c) Notices. All notices and other communications required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been given if delivered personally or sent by certified or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery, to the Company or the
Employee, as the case may be, at the following addresses or to such other address as the Company or the Employee, as the case may be, shall specify by notice to the other: 

(i) if to the Company, to it at: 

Fidelity & Guaranty Life 

1001 Fleet Street, 6th Floor 

Baltimore, MD 21202 
 Att:
General Counsel 
 With a copy to: 

Harbinger Group, Inc. 
 450 Park
Ave, 30th Floor 
 New York New York 10022 

Att: General Counsel 

(ii) if to the Employee, to the Employee at his or her most recent address as shown on the books and records of the Company or
Subsidiary employing the Employee. 
 All such notices and communications shall be deemed to have been received on the date of delivery if
delivered personally or on the third business day after the mailing thereof. 
 (d) Binding Effect; Benefits. This
Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the
parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein. 

(e) Waiver. Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the
time for the performance of any of the obligations or other actions of the other parties under this Agreement, (B) waive 

  
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compliance with any of the conditions or covenants of the other parties contained in this Agreement and (C) waive or modify performance of any of the obligations of the other parties
under this Agreement. Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver by
the party or beneficiary taking such action of compliance with any representations, warranties, covenants or agreements contained herein. The waiver by any party hereto or beneficiary hereof of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges
hereunder or shall be deemed a waiver of such party’s or beneficiary’s rights to exercise the same at any subsequent time or times hereunder. 

(f) Amendment. This Agreement may not be amended, modified or supplemented orally, but only by a written instrument
executed by the Employee and the Company. 
 (g) Assignability. Neither this Agreement nor any right, remedy,
obligation or liability arising hereunder or by reason hereof shall be assignable by the Company or the Employee without the prior written consent of the other party. 

(h) Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State of
Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

(i) Arbitration; Waiver of Jury Trial. Any dispute, controversy or claim arising out of or pursuant to the Plan, this
Agreement, any other agreement entered into pursuant to the Plan or any undertakings, covenants and agreements incorporated by reference into the Plan or this Agreement shall be adjudicated in accordance with Section 5 of the Plan. 

(j) Titles and Headings. The titles and headings of the sections in this Agreement are for convenience of reference only
and shall not affect the meaning or interpretation of this Agreement. 
 (k) Gender and Number. Except where otherwise
indicated by the context, any masculine term used herein shall also include the feminine; the plural shall include the singular and the singular shall include the plural. 

(l) Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original and all of which together shall constitute one and the same instrument. 

  
 7 

 (m) No Right to Continued Employment. Nothing in this Agreement shall be
deemed to confer on the Employee any right to continue in the employ of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary to terminate such employment at any time. 

(n) Clawback. Employee acknowledges and agrees to be bound by the clawback provisions set forth in Section 21(b) of
the Plan. 
 [SIGNATURE PAGE FOLLOWS] 

  
 8 

 IN WITNESS WHEREOF, the Company and the Employee have executed this Agreement as of the date
first above written. 
  

					
	FIDELITY & GUARANTY LIFE
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	THE EMPLOYEE:
		
		 	  

		 	Name:	 	

 Total Number of Shares 

of Restricted Stock (Common Stock) 
 Granted Pursuant to this
Agreement: 

  
 9

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