Document:

EX-4.(i)

 Exhibit 4(i) 

MERIT LIFE INSURANCE CO. 
 In this
document the Merit Life Insurance Co. is referred to as “We”, “Our” or “Us”. We refer to the person or entity that owns this Contract as “You” or “Your”. Starting on page 3, We provide definitions
for many of the terms We use in this document. We capitalize those terms. We are a stock company. Our home office is located at [211 East 7th Street, Suite 620, Austin, Texas
78701]. We can be reached by phone at [833-637-4854]. For customer service Our e-mail address
[meritsupport@meritlifegroup.com]. If You wish to learn more about Us, Our website is found at [www.meritlifegroup.com]. Our administrative offices are located at [2 Corporate Drive, Suite 760, Shelton, Connecticut 06484]. 

Individual Fixed Contingent Deferred Annuity Contract 

Summary of Benefits: We guarantee income for life. We do so by protecting against the loss of income which is taken as withdrawals from Your Account.
That occurs if the value of the Account is reduced to zero as defined by the conditions specified in this Contract (the Covered Event occurs). Should that occur, We pay the Benefit Amount. The Benefit Amount in the Income Year the Covered Event
Occurs is the Income Amount at the time the Covered Event happens minus any withdrawals in that Income Year. In subsequent Income Years, the Benefit Amount We pay each Income Year for the Annuitant’s lifetime equals the Income Amount in effect
when the Covered Event happens. On the Exercise Date, We determine the initial Income Amount. We determine the initial Income Amount by applying a guaranteed income percentage shown in the Schedule to the Income Base as of the Exercise Date.
On that Exercise Date, the Income Base is the higher of the then value of the Account or the Account’s value on this Contract’s Issue Date, adjusted by any Eligible Contributions or Excess Withdrawals. Eligible Contributions and Excess
Withdrawals result in adjustments to the Income Base and, as a result, to the Income Amount. If this summary conflicts with the description of benefits within, the description within controls. 

THIS CONTRACT HAS NO CASH VALUE, NO SURRENDER VALUE, DOES NOT PAY DIVIDENDS NOR INTEREST AND DOES NOT PROVIDE A DEATH BENEFIT. We do not guarantee the
investment performance of Your Account. This Contract is effective upon issuance. PLEASE READ THIS LEGAL CONTRACT BETWEEN YOU AND US CAREFULLY. We only pay the benefits this Contract provides if both: (a) You comply with
the terms set out in this document; and (b) Your Financial Firm complies with the agreement between Us and that Financial Firm (or any successor Financial Firm). YOU HAVE THE RIGHT FOR ANY REASON TO CANCEL AND RETURN THIS CONTRACT
WITHIN 30 DAYS AFTER YOU RECEIVE IT. If You do, We will return any amounts that were paid for it. You may return it by delivering or mailing it to Our administrative office at the address noted above. 

Non- Participating                Individual Fixed
Contingent Deferred Annuity Contract 
 Signed for Merit Life Insurance Co. 

 

			
	 Secretary
	  	 President 

	 

	  	 

  

			
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 Table of Contents 
  

					
	 SCHEDULE
	  	 	[4	] 
	 DEFINITIONS
	  	 	[5	] 
	 BENEFIT
	  	 	[7	] 
	 OWNERSHIP
	  	 	[9	] 
	 FINANCIAL FIRM
	  	 	[9	] 
	 GENERAL PROVISIONS
	  	 	[11	] 

  

			
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 SCHEDULE 

OWNER: [CUSTODIAL IRA FOR THE BENEFIT OF JOHN DOE] 
 ANNUITANT:
[JOHN DOE] 
 ANNUITANT’S BIRTHDATE: [JANUARY 1, 1954] 

FINANCIAL FIRM AT ISSUE: [RESPONSIBLE ADVISORS, INC.] 
 ACCOUNT
NUMBER AT FINANCIAL FIRM: [987654321] 
 INITIAL ACCOUNT VALUE: [$100,000] 

CONTRACT NUMBER: [TX5G200000001] 
 ISSUE DATE: [JANUARY 1, 2020]

 JURISDICTION OF ISSUE:        [Texas] 

DEPARTMENT OF INSURANCE PHONE NUMBER: [800-252-3439] 

GUARANTEED INCOME PERCENTAGE: [5%] 

CUMULATIVE CONTRIBUTION LIMIT: [$ 10,000,000.00] 
 VESTING
PERIOD: [UNTIL THE LATER OF 2 YEARS OR THE ANNUITANT’S 65TH BIRTHDAY] 
 FEE: [0.55% PER YEAR OF
THE ACCOUNT VALUE] 
 PAYMENT PROCESSING FEE (FOR OTHER THAN ELECTRONIC PAYMENTS): [$20.00] 

  

			
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 DEFINITIONS 

Account: Your account at Your Financial Firm in relation to which We provide the coverage under this Contract. 

Annuitant: The person upon whose continued life We make payments should a Covered Event occur. 

Benefit Amount: The Benefit Amount is the amount We pay the Annuitant once the Covered Event has occurred. 

Code: The Internal Revenue Code of 1986, as amended. 

Contract: The agreement between You and Us, embodied in this document, that We issue and which provides the terms of the protection We provide. 

Covered Event: This is the date the value of Your Account becomes zero for reasons other than an Excess Withdrawal. 

Cure Period: The period allowed to remedy a breach in the investment guidelines and risk profiles. We agree to this period with Your Financial Firm.
Such period may be as long as 30 days, but may be less. 
 Eligible Contribution: A contribution made into Your Account after the Issue Date for
which the Vesting Period for that contribution has passed. The Vesting Period is shown in Schedule. 
 Excess Withdrawal: There are two types of
Excess Withdrawals. The first is any withdrawal during the Vesting Period. The second is any amount withdrawn on or after the end of the Vesting Period that exceeds the Income Amount for the then current Income Year. Excess Withdrawals reduce Your
subsequent Income Amount proportionately in the manner We describe in this Contract. 
 Exercise Date: The date of Your first withdrawal after the
Vesting Period . 
 Fee: The amount You owe Us for this coverage. The Fee is shown in the Schedule. 

Financial Firm: An entity We approve for holding Your Account. 

Income Amount: A value We calculate as of the Exercise Date. We determine the Income Amount initially by applying the guaranteed income percentage
shown in the Schedule to the Income Base. Subsequently, We increase the Income Amount due to Eligible Contributions to Your Account or decrease the Income Amount due to Excess Withdrawals. If the Covered Event occurs, Your Benefit Amount
equals Your then current Income Amount. 
 Income Base: A value We use to determine Your Income Amount. It is the greater of the Account’s
value on the Exercise Date or the Account’s value on the Issue Date adjusted by any Eligible Contributions and any Excess Withdrawals 

  

			
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 Income Year: The one-year period measured from the Exercise
Date or any anniversary of the Exercise Date. 
 Issue Date: The date We issue this Contract and initiate its protection. 

Vesting Period: The Vesting Period is shown in the Schedule. There is a Vesting Period for this Contract and for any contribution to Your Account after
the Issue Date. As to any contribution to Your Account after the Issue Date, the Vesting Period is measured from the date of that contribution to Your Account. As to this Contract, it is the period measured from the Issue Date. 

  

			
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 BENEFIT 

We guarantee to provide ongoing payments for the Annuitant’s life if a Covered Event occurs. That happens if and when the value of Your Account
goes to zero for reasons other than an Excess Withdrawal. We will provide such payments if this Contract is then in effect, if there is no legal impediment at such time for Our providing the payments, and You have provided Us with the information We
need to make such payments. 
 We may require proof that the Annuitant is alive from
time-to-time. We may pursue recovery of any amounts paid after the Annuitant’s death from You or the Annuitant’s estate. 

We make these payments to an account for the benefit of the Annuitant. 

We do not guarantee the investment performance of Your Account. 

Benefit if the Covered Event Occurs 
 As of the date of the
Covered Event, We begin payments of the Benefit Amount each Income Year for the Annuitant’s lifetime. In the Income Year the Covered Event occurs the Benefit Amount is the Income Amount at the time of the Covered Event minus any withdrawals in
that Income Year. In subsequent Income Years, the Benefit Amount We pay each Income Year for the Annuitant’s lifetime equals the Income Amount in effect when the Covered Event happens. 

The annual Benefit Amount equals the Income Amount as of the date of the Covered Event. We may make payments periodically, but not less frequently than
annually.     
 Income Amount 
 The
Income Amount is determined by applying the guaranteed income percentage shown in the Schedule to the then current Income Base. 
 You are not required to
take the Income Amount in any Income Year. Any portion of the Income Amount You do not take in an Income Year remains in Your Account and does not increase the Income Amount in subsequent Income Years.  

The Income Amount is the guaranteed amount You may withdraw in each Income Year without reducing future benefits. We determine the initial Income Amount on
the Exercise Date. 
 Income Base 
 We determine the
Income Base. It is the higher of (a) or (b), where: 
 (a) is the value of Your Account on this Contract’s Issue Date plus any
Eligible Contributions and less the proportional impact of Excess Withdrawals; or 
 (b) is the value of Your Account on the Exercise Date
reduced by the value of any contributions to Your Account that have not yet vested and less the impact of any Excess Withdrawals. 
 Excess Withdrawals

 Any withdrawal during the Vesting Period is an Excess Withdrawal. 

Any amount withdrawn on or after the end of the Vesting Period that exceeds the Income Amount for the Income Year in which that withdrawal occurs is an Excess
Withdrawal. 

  

			
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 Impact of Excess Withdrawals on the Income Base 

An Excess Withdrawal reduces the Income Base by the ratio of the Excess Withdrawal to the value of Your Account as of the date of the Excess Withdrawal, after
any other withdrawal taken on the same date. 
 Fee 

The annual Fee is a percentage of the value of Your Account. This percentage is shown in the Schedule. The Fee is paid in arrears. 

The Fee is withdrawn from Your Account quarterly. The Fee is due at the end of each quarter. We pro-rate the Fee due
for the period between the Issue Date and the date the first Fee is assessed. 
 The amount of the Fee is not considered a withdrawal. 

The percentage of Your Account that Your Financial Firm may reasonably assess against Your Account periodically for its services in relation to that Account is
not considered a withdrawal. 
 No Fee is assessed once the Covered Event has occurred. 

We have the right to recover from You or Your estate any accrued but unpaid Fees if this Contract terminates before the Covered Event. 

Eligible Contributions 
 Contributions into Your Account
after the Issue Date may increase Your Income Base, but only if they are Eligible Contributions. We treat contributions as Eligible Contributions when they have satisfied the Vesting Period shown in the Schedule. 

Contribution Limit 
 We may limit the total value of Your
Eligible Contributions. The limit equals Your Account Value on the Issue Date plus the value of all Eligible Contributions. The limit is shown in the Schedule. 

Required Minimum Distributions 
 During an Income Year,
You may withdraw from Your Account an amount to avoid a penalty under the Code’s provisions regarding required minimum distributions. The amount You withdraw may exceed Your Income Amount for that Income Year. We will not treat the amount which
exceeds the Income Amount for the then current Income Year as an Excess Withdrawal to the extent that amount was needed to meet the required minimum distribution amount based solely on the value of Your Account. 

Delivery of payments 
 After the Covered Event We deliver
payments electronically to an account for the benefit of the Annuitant at the financial institution that You designate. We reserve the right to reduce each payment by the payment processing fee shown in the Schedule if an alternate form of delivery
is elected. 

  

			
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 OWNERSHIP 

This Contract may be owned by the Annuitant, or the Annuitant and her or his spouse. It also may be owned by a trust, custodial account or other non-individual acting as agent for the Annuitant or for the Annuitant and her or his spouse. The Contract must be owned by the same individual(s) or entity that owns Your Account at the Financial Firm. However, if
the Contract is owned by an entity and the entity terminates, ownership rights transfer to the Annuitant. 
 Owners must meet Our requirements for owning a
Contract. We may terminate this Contract as of the date Our requirements are no longer met. 
 Account Ownership 

We issue this Contract in relation to Your Account. The Account number as of the Issue Date is shown in the Schedule. We may terminate this Contract as of the
date You transfer, assign or, if the Account is not owned by an individual, change the beneficial owner of the Account. We may terminate this Contract if You do not inform Us within 30 days of a change to ownership or beneficial ownership
designation of the Account. 
 FINANCIAL FIRM 

We determine the Financial Firms where Accounts may be held. This Account is held as of the Issue Date at the Financial Firm shown in the Schedule. 

We rely on the Financial Firm to maintain Your Account, and to do so in accordance with investment guidelines and risk parameters agreed to between the
Financial Firm and Us. We may terminate this Contract if You or Your Financial Firm invests the assets in Your Account outside of such agreed upon investment guidelines and risk parameters, and You or Your Financial Firm does not remedy this
breach within the Cure Period We and the Financial Firm have determined in Our agreement. Termination in that situation would be as of the end of the Cure Period. 

We also rely on the Financial Firm to provide Us with information about Your Account that We need to administer Your Contract. We may terminate this
Contract as of the date the Financial Firm fails to provide timely and accurate information about Your Account or properly assess and forward Our Fee in accordance with the agreement between the Financial Firm and Us. 

Changing Your Financial Firm 
 This section addresses Your
ability to continue Your Contract if You transfer Your Account to a different financial firm. 
 The provisions outlined below apply prior to any Covered
Event and prior to the death of the Annuitant. In addition, these provisions apply prior to the date of any of occurrence which may lead Us to exercise Our right to terminate Your Contract or which otherwise leads to termination. 

  

			
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 If You transfer Your Account to a Financial Firm with which We have an agreement in relation to this type of
Contract, You may continue Your Contract, subject to the conditions noted below. The transfer does not affect any of Your or Our rights and obligations under the Contract. 
  

	 	1.	 The ownership and Annuitant designations of Your Contract as of the date You close Your Account at Your prior
Financial Firm both must be the same on the date You open Your Account at Your new Financial Firm. 

  

	 	2.	 We need to be informed by You or, on Your behalf, Your new Financial Firm, that You are electing to continue
Your Contract in relation to the Account at the new Financial Firm. We must receive notice of Your election to do so on or before the date You close Your Account at Your Financial Firm. The opening of Your Account and Your election to continue the
Contract at the new Financial Firm must be completed within thirty days of closing Your Account at Your prior Financial Firm. 

  

	 	3.	 If You do wish Your Contract to continue after transferring Your Account to a new Financial Firm, You and Your
Account must comply with the terms of Our agreement with Your new Financial Firm. 

 If the dollar value of Your Account as of the date
You open Your Account at Your new Financial Firm differs from the dollar value of Your Account as of the date You close Your Account at Your prior Financial Firm, the following are the results: 

 

	 	a.	 If the dollar value at the new Financial Firm is higher, We will treat the increase as a contribution to Your
Account. A Vesting Period will apply to that contribution as it would to any other contribution to Your Account. 

  

	 	b.	 If the dollar value at the new Financial Firm is lower, We will treat the decrease as a withdrawal. Such a
withdrawal will have the same impact on Your Income Amount and Benefit Amount as any other withdrawal. 

 We cannot guarantee that at the
time You wish to transfer Your Account We will have an agreement in effect regarding this type of Contract with any other financial firm, that any financial firm with which We have an agreement will be willing to have You as its client or which You
find acceptable. If You transfer Your Account to a financial firm with which We do not have an agreement, We will terminate Your Contract as of the date Your Account is closed at Your prior Financial Firm. 

A situation could arise, such as the termination of Our agreement with Your Financial Firm, where You would need to transfer Your Account to a different
financial firm in order to continue Your Contract. We cannot guarantee that at such time We will have an agreement in effect regarding this type of Contract with any other financial firm, that any financial firm with which We have an agreement will
be willing to have You as its client or which You find acceptable. Should continuation of Your Account at Your existing Financial Firm no longer be possible and a transfer of Your Account to a different financial firm not be acceptable to You or be
possible, for whatever reason, We will terminate Your Contract as of the date Your Account is closed at Your Financial Firm. 
 Recovery of payment
amounts 
 We reserve the right to recover from You and/or the Annuitant’s estate an amount equal to any overpayments We have made for any reason.

  

			
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 GENERAL PROVISIONS 

Age 
 We may require proof of the Annuitant’s age at
any time. 
 Misstatement of Age 
 If the
Annuitant’s age has been misstated: (a) We will adjust this Contract to what it would have been had We been provided the correct age as of the Issue Date; and (b) We will adjust any other provision as needed to conform to the facts.

 Electronic Delivery of Documents 
 Wherever permitted
and with Your written consent, We will provide this Contract and any reports from Us electronically; however, You may elect to receive paper documents and reports. 

Termination 
 In addition to those circumstances in which
termination of this Contract may occur noted in prior sections of this Contract, this Contract terminates as of the date of the Annuitant’s death. 

Entire Contract 
 This Contract, the application for this
protection and any endorsements and/or riders to this Contract constitute the entire agreement between You and Us. 
 Our Right to Amend this Contract

 This Contract is intended to be treated as an annuity under the Code. Also, it is not intended to affect the treatment of Your Account under the Code.
The provisions of this Contract are to be interpreted to maintain such treatments. If needed to maintain such treatments, We may amend this Contract. We will send You a copy of any such amendment. You must inform Us in a written form that provides
Us with sufficient information to process Your refusal if You refuse to accept such amendment. Any such refusal may result in adverse tax consequences. 

We also may amend this Contract to add or modify provisions required by any applicable state insurance department, legislation, judicial decree or regulatory
order. 
 Any amendment to this Contract must be in writing and must be signed by Our President, Secretary or Vice President. 

Non-Participating 

Neither You nor the Annuitant share in Our profit or surplus. 

Notice to Us 
 Any required notice to Us from You must be
received at Our administrative office indicated on the first page of this Contract. We may accept written or electronic notice, which may be via the internet or over the telephone. Notices must meet Our applicable requirements. 

  

			
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 MERIT LIFE INSURANCE CO. 

Non- Participating                Individual Fixed
Contingent Deferred Annuity Contract 

  

			
		 	 12EX-10.(xii)

 Exhibit 10(xii) 

Execution version 
 UNDERWRITING AND
SERVICING AGREEMENT 
 This Underwriting and Servicing Agreement (“Agreement”) is entered into by and between Merit Life Insurance Company
(“Merit”), and INTE Securities LLC (“Principal Underwriter”), effective this      day of                 , 2020 (“Effective
Date”). 
 WHEREAS, Merit is a life and annuity company duly organized and validly existing under the laws of the State of Texas and is subject to
supervision by the Texas Department of Insurance; 
 WHEREAS, Merit is currently developing a number of contingent deferred annuity (“CDA”)
products; 
 WHEREAS, Merit intends for such CDAs to be issued following the effectiveness of its Registration Statements relating thereto filed with the
Securities and Exchange Commission (“SEC”) on Form S-1, pursuant to the Securities Act of 1933, as amended (the “1933 Act”); 

WHEREAS, Merit desires to retain Principal Underwriter to act as principal underwriter for the distribution of the CDAs in order to satisfy the requirements
of the federal securities laws and Principal Underwriter desires to provide such services; 
 WHEREAS, Principal Underwriter is registered as a
broker-dealer with the SEC under the Securities Exchange Act of 1934 (the “1934 Act”) and is a member of the Financial Industry Regulatory Authority (“FINRA”); 

WHEREAS, Merit expects to enter into agreements with investment advisory firms (“Financial Firms”), who will manage the accounts with respect to
which the CDAs are issued; 
 WHEREAS, affiliates of these Financial Firms registered as broker-dealers, together with other registered broker-dealers with
whom a Financial Firm may work, may be authorized by Principal Underwriter to participate in the distribution of the CDAs; 
 WHEREAS, in the alternative,
certain Financial Firms may directly refer their clients to the Principal Underwriter, whose registered representatives also will be employees of Merit and, when required, licensed insurance agents, for the purchase of CDAs. 

NOW, THEREFORE, in consideration of the mutual promises contained herein the parties agree as follows: 

 

	1.	 Representations of Principal Underwriter. 

Principal Underwriter represents and warrants that it is registered as a member of FINRA and as a broker-dealer with the SEC and, to the extent
necessary to perform the activities contemplated hereunder, is registered, or otherwise qualified or exempt, under the applicable securities laws of every state or other jurisdiction in which the CDAs are offered. Principal Underwriter further
represents that the activity undertaken pursuant to this Agreement is activity permitted by its Membership Agreement with FINRA. 

 Execution version 
  

	2.	 Appointment of Principal Underwriter. 

On the Effective Date of this Agreement, Merit appoints Principal Underwriter and Principal Underwriter accepts the appointment to serve as
principal underwriter of the CDAs in all jurisdictions where the CDAs may be lawfully offered and issued, subject to the registration requirements of the 1933 Act, 1934 Act and state insurance regulations. 

 

	3.	 Selling Agreements. 

In order to accomplish the distribution of the CDAs, Principal Underwriter is authorized to enter into selling agreements, on such terms and
conditions as Principal Underwriter determines are not inconsistent with this Agreement (“Selling Agreements”), with other broker-dealers registered under the 1934 Act and are members of FINRA (“Selling Firms”) who may or may not
be affiliated with the Financial Firms. 
 Merit may refuse to appoint any Selling Firm or Financial Firm, affiliated or networked insurance
agency of the Selling Firm or Financial Firm and any affiliated person of any of the foregoing entities as its agent under the insurance laws of the jurisdictions in which the CDAs may be offered and may terminate such appointment as provided for in
the Selling Agreements. 
  

	4.	 Duties of Principal Underwriter. 

 

	 	(a)	 Compliance 

Principal Underwriter will fully comply with the requirements of FINRA, the SEC and all other federal and state laws applicable to the
underwriting and distribution of the CDAs directly and through Selling Firms. Upon request by Merit, Principal Underwriter will furnish such records as may be necessary to establish such compliance. 

 

	 	(b)	 Associated Persons 

Upon request by Merit, Principal Underwriter will register designated Merit personnel as registered principals or registered representatives of
Principal Underwriter in order to allow such individuals to undertake certain activities in connection with the distribution of the CDAs. 
  

	 	(c)	 Prospectuses, Sales Literature, Educational Literature and Advertising. 

In accordance with the requirements of the laws of several states, and rules of FINRA and the SEC, Principal Underwriter will act in conformity
with final disclosure documents describing the CDAs. Principal Underwriter will file sales materials developed by Merit in relation to the CDAs with FINRA, and work with Merit to meet any concerns raised by FINRA in relation to such filings.
Principal 

 Execution version 
  

 
Underwriter will not give any information or make any representations or statements on behalf of or concerning Merit in connection with the CDAs other than information or representations
contained in the registration statement, prospectus or statement of additional information pertaining to the CDAs, as such materials may be amended from time to time or as may be contained in sales literature or materials to be used for education of
prospective applicants for CDAs prepared and approved by Merit. Principal Underwriter will not use, and will take reasonable steps to ensure that no Selling Firm, and no Financial Firm making referrals directly to Principal Underwriter, uses any
sales promotion, educational or advertising materials in connection with the offering and issuance of the CDAs which has not been approved in writing by Merit prior to such use. 

 

	 	(d)	 Fee Payments 

Principal Underwriter agrees that all Fee payments collected in respect to any Merit contract is the property of Merit. All payments made for
or under the CDAs shall be deducted from the associated clients’ accounts by the Financial Firms on Merit’s behalf and forwarded to Merit. 
  

	 	(e)	 Books, Records and Reports 

Principal Underwriter will comply with all applicable requirements of the 1934 Act and FINRA including the requirements to maintain and
preserve books and records pursuant to Section 17(a) of the 1934 Act and the rules thereunder. 
  

	 	(f)	 Indemnification 

Principal Underwriter hereby agrees to hold harmless and indemnify Merit against any and all claims, liabilities and expenses which Merit may
incur from liabilities arising out of or based upon any breach of this Agreement by Principal Underwriter. 
  

	 	(g)	 Assistance to Financial Firms 

Principal Underwriter may assist Merit in obtaining sales of the CDAs by Selling Firms or referrals of clients of the Financial Firms by
providing Selling Firms and/or Financial Firms (and with the consent of the Selling Firms and/or Financial Firms, their personnel) with support services including but not limited to the following: 

 

	 	•	 	 product information regarding the CDAs that has been prepared by or approved in advance of its use by Merit;

  

	 	•	 	 materials regarding the potential value of the CDAs as part of financial plans to provide prospective applicants
that have been prepared by or approved in advance of their use by Merit; 

 Execution version 
  

	 	•	 	 hypothetical illustrations of how the CDAs work prepared for specific prospective applicants prepared by or using
software programs developed and approved by Merit; 

  

	 	•	 	 sponsoring informational events regarding the CDAs for Selling Firms, Financial Firms and their applicable
personnel; and 

  

	 	•	 	 answering technical product questions about the CDAs for the Selling Firms, Financial Firms and their applicable
personnel. 

  

	5.	 Representations of Merit. 

 

	 	(a)	 Merit represents and warrants that it is domiciled in the State of Texas and licensed by the Texas Department
of Insurance to offer the CDAs and is licensed in other jurisdictions in which the CDAs may be offered. 

  

	 	(b)	 Merit, as issuer of the CDAs, upon effectiveness of the Registration Statements on Form S-1, shall have registered the CDAs under the 1933 Act. 

  

	 	(c)	 Merit will meet any requirements of the departments of insurance in the jurisdictions in which the CDAs may be
offered and issued regarding filing of advertising and materials about the CDAs meant for presentation to prospective applicants. 

  

	6.	 Duties of Merit. 

 

	 	(a)	 Prospectuses, Literature for Prospective Applicants and Advertising 

 

	 	(i)	 Merit will provide Principal Underwriter prospectuses relating to the CDAs and such other literature for
prospective applicants and advertising materials as Merit determines is necessary or desirable for use in connection with distribution of the CDAs. 

  

	 	(ii)	 Merit represents and warrants that the prospectus(es) and registration statement(s) relating to the CDAs will
contain no untrue statements of material fact or omission to state a material fact, the omission of which makes any statement contained in the prospectus(es) and registration statement(s) misleading. 

 

	 	(b)	 Applications for Contracts 

All applications for CDAs are subject to acceptance or rejection by Merit at its sole discretion. 

 Execution version 
  

	 	(c)	 Contract Delivery 

Merit will transmit CDA contracts directly to the CDA owner(s). 
  

	 	(d)	 Retention of Rights by Merit 

Merit reserves the right to reject any and all applications submitted, take possession of and cancel any CDA in accordance with its terms, and
make any compromise or settlement in respect of a CDA. Merit may in its sole discretion and without notice to Principal Underwriter, suspend availability of any form of CDA or amend any policies or contracts evidencing such CDAs if, in Merit’s
opinion, such suspension or amendment is (1) necessary for compliance with federal, state or local laws, regulations or administrative order(s); or, (2) necessary to prevent administrative or financial hardship to Merit. In all other
situations, Merit will provide 30 days’ notice to Principal Underwriter prior to suspending availability of any CDA or amending any policies or contracts evidencing such CDAs. 

 

	 	(e)	 Indemnification 

Merit agrees to indemnify and hold harmless Principal Underwriter and its affiliates and their respective directors, officers, employees,
consultants, agents and controlling person (each such person, an “Indemnified Party”) from and against any losses, claims, damages and liabilities, joint or several (collectively, the “Damages”), to which such Indemnified Party
may become subject in connection with or otherwise relating to or arising from (i) any transaction contemplated by this Agreement or the engagement of or performance of services by an Indemnified Party hereunder or (ii) an untrue statement
or an alleged untrue statement of a material fact or the omission or alleged omission to state a material fact necessary in order to make a statement not misleading in light of the circumstances under which it was made with respect to all
information furnished to Principal Underwriter or to be made available to a prospective party for consideration with respect to a transaction, and will reimburse each Indemnified Party for all reasonable fees and expenses (including the reasonable
fees and expenses of counsel) (collectively, “Expenses”) as incurred in connection with investigating, preparing, pursuing or defending any threatened or pending claim, action, proceeding or investigation (collectively, the
“Proceedings”) arising therefrom, whether or not such Indemnified Party is a formal party to such Proceeding; provided, that Merit will not be liable to any such Indemnified Party to the extent that any Damages are found by a court of
competent jurisdiction in a final, non-appealable decision to have resulted from the gross negligence or willful misconduct of the Indemnified Party seeking indemnification hereunder. Merit also agrees
that no Indemnified Party will have any liability (whether direct or indirect, in contract, tort or otherwise) to Merit or any person asserting claims on behalf of Merit arising out of or in connection with any transactions contemplated by this
Agreement or the engagement of or performance of services by any 

 Execution version 
  

 
Indemnified Party hereunder except to the extent that any Damages are found by a court of competent jurisdiction in a final, non-appealable decision to
have resulted from the gross negligence or willful misconduct of the Indemnified Party.
 If for any reason other than in accordance with
this Agreement, the foregoing indemnity is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless in accordance with this Agreement, then Merit will contribute to the amount paid or payable by an Indemnified Party
as a result of such Damages (including all Expenses incurred) in such proportion as is appropriate to reflect the relative benefits to Merit on the one hand, and Principal Underwriter on the other hand, in connection with the matters covered by this
Agreement or, if the foregoing allocation is not permitted by applicable law, not only such relative benefits but also the relative faults of such parties as well as any relevant equitable considerations. Merit agrees that for purposes of this
paragraph, the relative benefits to Merit and/or its stockholders and Principal Underwriter in connection with the matters covered by this Agreement will be deemed to be in the same proportion that the total value paid or received or to be paid or
received by Merit and/or its stockholders in connection with the transactions contemplated by this Agreement, whether or not consummated, bears to the fees paid or received by Principal Underwriter under this Agreement.

Merit agrees not to enter into any waiver, release or settlement of any Proceeding (whether or not Principal Underwriter or any other
Indemnified Party is a formal party to such Proceeding) in respect of which indemnification may be sought hereunder without the prior written consent of Principal Underwriter (which consent will not be unreasonably withheld or delayed), unless such
waiver, release or settlement includes an unconditional release of Principal Underwriter and each Indemnified Party from all liability arising out of such Proceeding.

The indemnity, reimbursement and contribution obligations of Merit hereunder will be in addition to any liability which Merit may otherwise
have to any Indemnified Party and will be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of Merit or an Indemnified Party. These provisions of this Agreement will survive the modification,
termination or expiration of this Agreement. 
  

	 	(f)	 Books, Records and Reports 

Merit will comply with all applicable requirements of the 1934 Act and FINRA including the requirements to maintain and preserve books and
records pursuant to Section 17(a) of the 1934 Act and the rules thereunder regarding confirmations Merit sends or arranges to be sent on behalf of the Principal Underwriter or Selling Firms for Fees Merit receives under the Contracts. Merit
shall hold such books and records on behalf of and as agent for Principal Underwriter whose property they are and shall remain, and acknowledges that such books and records are at all times subject to inspection by the SEC in accordance with
Section 17(a) of the 1934 Act. 

 Execution version 
  

	7.	 Compensation of Principal Underwriter. 

Merit shall pay Principal Underwriter a fee of $100,000, payable $50,000 within five days following execution of this Agreement and $10,000 on
the first business day of each month thereafter until paid in full. If Principal Underwriter terminates this Agreement pursuant to Section 8 below prior to the final payment called for in the previous sentence being due, any amounts not
theretofore paid by Merit shall no longer be due. 
  

	8.	 Termination. 

This Agreement may be terminated, without cause, by any party upon forty-five (45) days prior written notice, without penalty; and may be
terminated immediately, by any party for failure to perform satisfactorily or other cause, including termination by the Principal Underwriter of any administrative services agreement between the parties; and will be terminated immediately if
Principal Underwriter ceases to be registered as a broker-dealer under the 1934 Act and a member of FINRA. This Agreement will also terminate immediately upon assignment without the prior written consent of all parties. 

 

	9.	 General Provisions. 

 

	 	(a)	 Amendment and Entirety 

This is the entire Agreement between Merit and Principal Underwriter with respect to the subject matter of this Agreement. No additions,
amendments or modifications of this Agreement or any waiver of any provision will be valid unless approved, in writing, by authorized representatives of Merit and Principal Underwriter. In addition, no waiver of any default or failure of performance
by either party will affect the other party’s rights with respect to a subsequent default or failure. 
  

	 	(b)	 Independent Contractor Relationship 

This Agreement does not create the relationship of employer and employee between any of the parties to this Agreement. The parties are
independent contractors with respect to each other, and their respective employees and agents. 
  

	 	(c)	 Assignment 

None of the parties will assign or transfer, in whole or in part, this Agreement or any of the benefits accrued or to accrue hereunder, without
prior written consent of an authorized representative of the other parties. 

 Execution version 
  

	 	(d)	 Governing Law 

It is agreed by the parties that this Agreement will be governed by the laws of the State of New York. 

 

	 	(e)	 Severability 

It is understood and agreed by the parties that if any part, term or provision of this Agreement is held to be invalid or in conflict with any
law or regulation, the validity of the remaining part, terms or provisions will not be affected and the parties’ rights and obligations will be construed and enforced as if this Agreement did not contain the part, term or provision held to be
invalid. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and attested as of the Effective Date. 

 

									
	MERIT LIFE INSURANCE COMPANY	 		 		 	
				
		 		 	        	 	ATTEST:
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

				
	INTE SECURITIES LLC	 		 		 	
			
		 		 	ATTEST:
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]