Document:

EX-10.3

 Exhibit 10.3 
 [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

SERVICING AGREEMENT 
 This SERVICING AGREEMENT, dated as of April 29, 2013 (this “Agreement”), by and between Imperial Finance & Trading, LLC, a Florida limited liability company
(“Servicer”) and White Eagle Asset Portfolio, LLC, a Delaware limited liability company (the “Borrower”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Loan and Security
Agreement, dated as of April 29, 2013 (as it may be amended, supplemented or modified from time to time in accordance with its terms, the “Loan Agreement”), by and among the Borrower, CLMG Corp., a Texas corporation, as the
administrative agent for the Lenders (as defined below) (in such capacity, the “Administrative Agent”), Imperial Finance & Trading, LLC, as Portfolio Manager (as defined in the Loan Agreement) and as Servicer, and the
financial institutions party thereto from time to time (each, a “Lender” and collectively, the “Lenders”), the Lenders have agreed to make credit advances to the Borrower from time to time upon the terms and subject
to the conditions set forth in the Loan Agreement; and 
 WHEREAS, the Borrower desires to appoint Servicer with respect to the
ongoing administration and servicing of certain life insurance policies that are from time to time owned (including as of the date hereof), directly or indirectly, by the Borrower, which life insurance policies serve as collateral for the credit
advances made by the Lenders to the Borrower under the Loan Agreement, and Servicer desires to accept such appointment and perform its covenants, duties, obligations and services hereunder, all in accordance with the terms and conditions of this
Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter contained,
the parties hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1. Certain Definitions. Capitalized
terms used in this Agreement but not otherwise defined shall have the respective meanings set forth in the Loan Agreement which also contains rules as to usage and construction which shall be applicable to this Agreement. 

“Administrative Agent” has the meaning set forth in the recitals. 

“Borrower” has the meaning set forth in the recitals. 

 “Borrower Indemnitees” means, collectively, Servicer, the Administrative
Agent, the Lenders, each Affiliate of any of the foregoing and each stockholder, member, partner (limited, general or other), manager, officer, director, trustee, employee, agent and representative of Servicer or any of its Affiliates. 

“Death Benefit” means the cash amount of a Pledged Policy to be paid upon the death of the Insured under such Pledged
Policy, which amount will be net of any policy loans made under such Pledged Policy (and accrued interest thereon). 

“E&O Insurance” has the meaning set forth in Section 3.2(d). 

“Lender” has the meaning set forth in the recitals. 

“Loan Agreement” has the meaning set forth in the recitals. 

“Loss” means any incurred loss, liability, claim, cost, damage, expense, tax, penalty, interest or fine, whether or not
arising out of a third party claim, including reasonable attorneys’ fees and other out-of-pocket costs and expenses related to such incurred loss, liability, claim, damage, tax, penalty, interest or fine. 

“Paid Through Date” means, with respect to each Pledged Policy and a Premium Payment in respect thereof, the latest
eligible date the related Issuing Insurance Company will accept a Premium Payment for such Pledged Policy, as determined by Servicer based on the contractual terms of such Pledged Policy, if any. 

“Policy Information” has the meaning given to such term in paragraph 4(a) of Annex 1 hereto. 

“Premium Due Date” has the meaning given to such term in paragraph 1(b) of Annex 1 hereto. 

“Premium Due Date Schedule” means a written schedule prepared by the Servicer that contains all the following
information: 
  

	 	1.	the Pledged Policy identification code; 

  

	 	2.	the Pledged Policy number; 

  

	 	3.	the Paid Through Date; 

  

	 	4.	the Insured’s first and last name; 

  

	 	5.	Issuing Insurance Company’s full legal name; 

  

	 	6.	Issuing Insurance Company’s contact information for purposes of remitting Premium Payments; 

 

	 	7.	the Premium Payment amount; and 

  

	 	8.	Issuing Insurance Company’s applicable wire instructions and/or overnight payment address. 

  
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 “Premium Payment” has the meaning given to such term in paragraph 1(b) of
Annex 1 hereto. 
 “Premium Payment Schedule” means, with respect to each Pledged Policy, a written
schedule of premium payments to be made in respect of such Pledged Policy (including the dates upon which such payments are due to the applicable Issuing Insurance Company), which schedule shall be prepared by Servicer per the directed or agreed
upon optimization parameters in accordance with the Servicing Standard in order to pay the applicable Premiums, which may be updated from time to time by Servicer with the consent of the Administrative Agent. 

“Premium Remittance Schedule” means a written schedule prepared by the Servicer that contains the following information:

  

	 	1.	the date on which the Securities Intermediary remitted Premium Payment to the applicable Issuing Insurance Company; 

 

	 	2.	whether the Premium Payment was remitted to the Issuing Insurance Company by check or wire; 

 

	 	3.	If remitted by wire transfer, the wire payment tracking number; 

  

	 	4.	If remitted by check, the check number; 

  

	 	5.	the Pledged Policy identification code; 

  

	 	6.	the Pledged Policy number; 

  

	 	7.	the date each Premium Payment is due; 

  

	 	8.	the Insured’s first and last name; 

  

	 	9.	Issuing Insurance Company’s full legal name; 

  

	 	10.	Issuing Insurance Company’s contact information for purposes of remitting Premium Payments; and 

 

	 	11.	the Premium Payment amount. 

“Servicer Collateral Audit” has the meaning set forth in Section 3.2(b). 

“Servicer Indemnitees” means, collectively, the Administrative Agent, the Lenders, the Borrower, each Affiliate of the
Borrower, the Lenders and the Administrative Agent, and each stockholder, member, partner (limited, general or other), manager, officer, director, trustee, employee, agent, representative, successor and assignee of the Borrower, the Lenders and the
Administrative Agent or any of their Affiliates. 
 “Servicer Material Adverse Effect” means, with respect to
any event or circumstance, a material adverse effect on: 
 (a) the business, assets, financial condition or operations of
Servicer; 
 (b) the ability of Servicer to perform any of its obligations under this Agreement; or 

(c) the validity or enforceability against Servicer of this Agreement. 

  
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 “Servicer Report” has the meaning given to such term in paragraph 4(c) of
Annex 1 hereto. 
 “Servicer Termination Event” has the meaning set forth in Section 4.1(a).

 “Services” has the meaning set forth in Section 2.1. 

“Servicing Fee” has the meaning set forth in Section 5.1. 

“Servicing Standard” has the meaning set forth in Section 6.1(b). 

“Successor Servicer” has the meaning set forth in Section 4.2. 

“Tracking Services” means, collectively, the portion of the Services described in paragraph 2 of Annex 1 hereto.

 ARTICLE II 
 RESPONSIBILITIES OF SERVICER 
 Section 2.1. The Borrower hereby
appoints and engages Servicer to provide the services described on Annex 1 hereto (the “Services”), pursuant to, and in accordance with, the terms and provisions of this Agreement, and Servicer hereby accepts such appointment
and agrees to perform its covenants, duties, obligations and the Services on the terms and conditions set forth in this Agreement. Servicer will, for the benefit of the Borrower and so long as the Loan Agreement is in effect, the Administrative
Agent and the Lenders, perform the Services in all cases subject to the Servicing Standard. Servicer shall also take such ancillary actions (even if not specifically set forth in Annex 1) as are reasonably necessary to service the Pledged Policies
in accordance with the Servicing Standard. Servicer and the Borrower agree that in the event the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent, requests Servicer perform additional work other than the Services and
such ancillary actions, Servicer will decide in its reasonable discretion whether to perform such work. If Servicer reasonably declines to perform such work, such declination shall not constitute a default and may not serve as a reason for the
termination of Servicer. 
 Section 2.2. Servicer Reports. Servicer shall deliver a Servicer Report to the Borrower,
and so long as the Loan Agreement is in effect, to the Administrative Agent, no later than the seventh (7th) day of each calendar month (or if such day is not a Business Day, the next succeeding Business Day). 

Section 2.3. Servicer’s Customary Practices and Procedures. The parties hereto acknowledge that as of the date hereof,
the Servicer is in the process of implementing new customary practices and procedures, which shall be approved by the Administrative Agent at the direction of the Required Lenders in their reasonable discretion and shall be completed within sixty
(60) days of the date hereof. Prior to such implementation, the Servicer shall comply with the Servicing Standard and after such implementation, the Servicer shall comply with the 

  
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Servicer’s customary practices and procedures and the Servicing Standard. Servicer shall not materially revise Servicer’s customary practices and procedures without the prior written
consent of the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent. 
 Section 2.4. No
Other Duties. Servicer’s duties shall be limited to those expressly specified in this Agreement and Servicer shall have no implied duties or obligations. 
 Section 2.5. Independent Contractor Relationship. Servicer’s relationship with the Borrower will be that of an independent contractor and nothing in this Agreement should be deemed or
construed by the parties hereto or by any other Person to make Servicer a general or special dependent agent, legal representative, joint venturer, partner or employee of the Borrower, the Administrative Agent or any Lender or otherwise create the
relationship of a partnership, joint venture or other joint or common undertaking for any purpose. Servicer assumes full responsibility for the acts of its personnel while performing services hereunder and shall be responsible for their supervision,
direction and control, compensation, benefits and taxes. Servicer does not have, expressly or by implication, or may represent itself as having, directly or indirectly, any authority to act for or on behalf of the Borrower, the Administrative Agent
or any Lender or to make contracts or enter into any agreements in the name of the Borrower, the Administrative Agent or any Lender or to obligate or bind the Borrower, the Administrative Agent or any Lender in any manner whatsoever unless with
respect to the Borrower only, specifically required to do so in this Agreement or requested to do so by the Borrower, in writing. 
 ARTICLE III 
 REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 3.1. Representations and Warranties of Servicer. Servicer, as of the date hereof, hereby represents and warrants to,
and covenants with the Borrower as follows. 
 (a) Organization and Good Standing. Servicer is a limited liability
company duly formed, validly existing and in good standing under the laws of the State of Florida and has all requisite limited liability company power and authority to own, lease and operate its properties and to carry on its business as now
conducted. Servicer is duly qualified and authorized to do business as a foreign limited liability company and is in good standing under the laws of each jurisdiction in which the conduct of its business or the ownership of its properties requires
such qualification or authorization, except where the failure to be so qualified, authorized or in good standing would not reasonably be expected to have a material adverse effect on Servicer’s ability to perform its obligations under this
Agreement. 
 (b) Authorization of Agreement. Servicer has all requisite power and authority to execute and deliver this
Agreement and to perform its obligations hereunder and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized
by all requisite limited liability company action on the part of Servicer. This 

  
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Agreement has been duly and validly executed and delivered by Servicer and (assuming the due authorization, execution and delivery by the Borrower) this Agreement constitutes the legal, valid and
binding obligation of Servicer, enforceable against Servicer in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and
subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity). 

(c) Conflicts; Consents of Third Parties. 
 (i) None of the execution and delivery by Servicer of this Agreement, the consummation of the transactions contemplated hereby, or compliance by Servicer with any of the provisions hereof will conflict
with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination or cancellation under, any provision of (A) the certificate of formation and limited liability
company agreement of Servicer; (B) any contract or permit to which Servicer is a party or by which any of the properties or assets of Servicer are bound; (C) any order of any Governmental Authority applicable to Servicer or by which any of
the properties or assets of Servicer are bound or (D) any Applicable Law, other than, in the case of clause (B), such conflicts, violations, defaults, terminations or cancellations that would not reasonably be expected to have a material
adverse effect on Servicer’s ability to perform its obligations under this Agreement. 
 (ii) No consent,
waiver, approval, order, permit, license or authorization of, or declaration or filing with, or notification to, any Person or Governmental Authority is required on the part of Servicer in connection with the execution and delivery of this
Agreement, the compliance by Servicer with any of the provisions hereof, or the consummation of the transactions contemplated hereby, or the taking by Servicer of any other action contemplated hereby, except for such consents, licenses, waivers,
approvals, orders, permits or authorizations the failure of which to obtain would not have a material adverse effect on Servicer’s ability to perform its obligations under this Agreement. 

(d) No Proceedings. There is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental
Authority to which Servicer is subject, and there is no action, suit, arbitration, regulatory proceeding or investigation pending, or, to the knowledge of Servicer, threatened, before or by any court, regulatory body, administrative agency or other
tribunal or governmental instrumentality, against Servicer that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on any of the Pledged Policies or the business, assets, financial condition or
operations of Servicer; and there is no action, suit, proceeding, arbitration, regulatory or governmental investigation, pending or, to the knowledge of Servicer, threatened, before or by any court, regulatory body, administrative agency, or other
tribunal or governmental instrumentality (A) asserting the invalidity of this Agreement or under any other Transaction Document or (B) asserting that any Pledged Policy or Policy to become a Pledged Policy is invalid, void or otherwise
unenforceable for any reason. 
 (e) Ability to Perform Services. Servicer possesses the requisite assets, employees and
experience to perform the Services in accordance with the Servicing Standard. 

  
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 Section 3.2. Covenants of Servicer. 

(a) Compliance with Laws, Etc. Servicer shall comply with all Applicable Laws. 

(b) Audit. Servicer shall permit Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and each
Lender, or their duly authorized representatives, attorneys or auditors during ordinary business hours and upon one (1) Business Day written notice, to visit the offices thereof and to inspect its accounts, records and computer systems,
software and programs used or maintained by Servicer in relation to the Collateral or its performance of duties hereunder at such times as Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, may reasonably request (a
“Servicer Collateral Audit”) and Servicer shall enable the Insurance Consultant to seek and receive from the related Issuing Insurance Companies any verifications of coverage related to the Pledged Policies as often as Borrower, and
so long as the Loan Agreement is in effect, the Administrative Agent, may request the Insurance Consultant to do so; provided, however, if no Event of Default or Unmatured Event of Default has occurred and is continuing, the total expenses incurred
by or on behalf of Borrower related to a Servicer Collateral Audit and delivering any verifications of coverage related to the Pledged Policies shall be limited to no more than $2,000 (as adjusted annually for inflation or such higher amount if such
higher amount is the Insurance Consultant’s reasonably determined prevailing market cost in the industry for such Servicer Collateral Audits of the type in question as adjusted for changes in audit standards) for each Pledged Policy during any
twelve (12) month period. So long as the Loan Agreement is in effect, upon written instructions from the Administrative Agent, the Borrower shall, and shall cause the Servicer to release any document related to any Collateral to the
Administrative Agent. So long as the Loan Agreement is in effect, the Administrative Agent may conduct a Servicer Collateral Audit no more than once per calendar year at the Borrower’s expense and no more frequently than once every two
(2) calendar months at the Lenders’ expense. So long as the Loan Agreement is in effect, the Administrative Agent may conduct Servicer Collateral Audits as it wishes at the Lenders’ expense; provided, however, if an Event of Default
or Unmatured Event of Default has occurred and is continuing, the Administrative Agent, at the Borrower’s expense, shall have the right to conduct a Servicer Collateral Audit at any time and as often the Administrative Agent determines is
necessary or desirable. 
 (c) Forwarding of Communications; Turnover of Monies. Following the date hereof, if Servicer
or any of its employees, agents, representatives, Affiliates or third party service providers at any time receives any written communications or cash, checks or other instruments relating to the Pledged Policies, such recipient will segregate and
hold such payments in trust for the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent (on behalf of the Secured Parties), and will, promptly upon receipt (but in any event within two (2) Business Days of receipt
thereof) remit all such communications, cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to the 

  
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Collection Account. In addition, the Servicer shall deliver or cause to be delivered to the Borrower, the Custodian, and so long as the Loan Agreement is in effect, the Administrative Agent and
the Insurance Consultant, within two (2) Business Days after the Servicer’s receipt of written notice of any material adverse change, or of any fact, event or circumstance that would reasonably be expected to result in a material adverse
change, in the ability of Servicer to perform the Services or to otherwise comply with any of its obligations under this Agreement, a notice setting forth the details thereof and the action, if any, the Servicer is taking or proposes to take with
respect thereto. 
 (d) Insurance. During the term of this Agreement, Servicer shall maintain errors and omissions
insurance (the “E&O Insurance”) with respect to its operations and with respect to its obligations under this Agreement which is adequate, reasonable and customary in light of Servicer’s operations and consistent with the
Servicing Standard, but in no event with an aggregate claim limit that is less than ten million dollars ($10,000,000). The E&O Insurance shall be on terms and conditions and issued by an insurer, in each case, reasonably acceptable to the
Administrative Agent acting at the direction of the Required Lenders. 
 (e) Further Assurances. Servicer shall use its
reasonable, good faith efforts to take, or cause to be taken, all actions that are, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things that are, necessary, proper or otherwise advisable
under all Applicable Law to more fully effect the purposes of this Agreement. 
 (f) Investigative Services. Servicer
may, at its own expense, use third party investigative services approved by the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent (such approval shall be in the Borrower’s, and so long as the Loan Agreement is
in effect, the Administrative Agent’s, sole and absolute discretion) to conduct the Tracking Services. 
 (g)
Licenses. Servicer shall maintain all licenses, permits, certificates of authority or other authorizations required from any Governmental Authority in order to perform its obligations under this Agreement. 

Section 3.3. Representations and Warranties of the Borrower. The Borrower, as of the date hereof, hereby represents and
warrants to, and covenants with Servicer as follows. 
 (a) Organization and Good Standing. The Borrower is a limited
liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited partnership power and authority to own, lease and operate its properties and to carry on its business as now
conducted. 
 (b) Authorization of Agreement. The Borrower has all requisite power and authority to execute and deliver
this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and thereby have
been duly authorized by all requisite action on the part the Borrower. This Agreement has been 

  
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duly and validly executed and delivered by the Borrower and (assuming the due authorization, execution and delivery by the Servicer) this Agreement constitutes the legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and
subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity). 

(c) Conflicts; Consents of Third Parties. 
 (i) None of the execution and delivery by the Borrower of this Agreement, the consummation of the transactions contemplated hereby, or compliance by the Borrower with any of the provisions hereof will
conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination or cancellation under, any provision of (A) the Borrower Organizational Documents;
(B) any contract or permit to which the Borrower is a party or by which any of the properties or assets of the Borrower are bound; (C) any order of any Governmental Authority applicable to the Borrower or by which any of the properties or
assets of the Borrower are bound or (D) any Applicable Law, other than, in the case of clause (B), such conflicts, violations, defaults, terminations or cancellations that would not have a material adverse effect on the Borrower’s ability
to perform its obligations under this Agreement. 
 (ii) No consent, waiver, approval, order, permit or
authorization of, or declaration or filing with, or notification to, any Person or Governmental Authority is required on the part of the Borrower in connection with the execution and delivery of this Agreement, the compliance by the Borrower with
any of the provisions hereof, or the consummation of the transactions contemplated hereby, or the taking by the Borrower of any other action contemplated hereby, except for such consents, waivers, approvals, orders, permits or authorizations the
failure of which to obtain would not have a material adverse effect on the Borrower’s ability to perform its obligations under this Agreement. 
 (d) No Proceedings. There is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority to which the Borrower is subject, and there is no action,
suit, arbitration, regulatory proceeding or investigation pending, or, to the actual knowledge of the Borrower, threatened, before or by any court, regulatory body, administrative agency or other tribunal or governmental instrumentality, against the
Borrower that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on any of the Pledged Policies or the business, assets, financial condition or operations of the Borrower; and there is no action, suit,
proceeding, arbitration, regulatory or governmental investigation, pending or, to the actual knowledge of any the Borrower, threatened, before or by any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality
(A) asserting the invalidity of this Agreement or any other Transaction Document or (B) asserting that any Pledged Policy or Policy to become a Pledged Policy is invalid, void or otherwise unenforceable for any reason. 

  
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 Section 3.4. Covenants of the Borrower. 

(a) The Borrower shall deliver or cause to be delivered to Servicer, the Custodian, and so long as the Loan Agreement is in effect, the
Administrative Agent and the Insurance Consultant, within three (3) Business Days after the Borrower’s or any of its Affiliates’ receipt, a copy of each written notice or other letter or document received by the Borrower (other than
invoices and other information which are not material to the status of a Pledged Policy or such notices, letters or documents received from the Securities Intermediary which have already been delivered to Servicer) in connection with a Pledged
Policy, the Services or the other transactions contemplated by this Agreement from any Issuing Insurance Company, Insured, Governmental Authority or arbitrator. 
 (b) The Borrower shall deliver or cause to be delivered to Servicer, the Custodian, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, within three
(3) Business Days after the transmission thereof by the Borrower or any of their Affiliates, a copy of each material written notice or other letter or document given by the Borrower in connection with a Pledged Policy or the Services to any
Issuing Insurance Company, Insured, Governmental Authority or arbitrator. 
 (c) The Borrower shall deliver or cause to be
delivered to Servicer, the Custodian, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, promptly upon (and in any event within two (2) Business Days after) the Borrower’s or any of its
Affiliates’ receipt of written notice of any threatened or pending action by or before any Governmental Authority or arbitrator or any other Person (other than such notices received from the Securities Intermediary which have already been
delivered to Servicer) which (i) involves or affects any Pledged Policy, this Agreement, the Loan Agreement or the transactions contemplated hereby or thereby, (ii) in any manner challenges the validity or enforceability of any Pledged
Policy or this Agreement or (iii) in any manner challenges or seeks to restrain or prohibit the transactions contemplated by this Agreement, in each case, a notice setting forth the details thereof and any action, if any, the Borrower is taking
or proposes to take with respect thereto. 
 (d) The Borrower shall deliver or cause to be delivered to Servicer, the Custodian,
and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, within two (2) Business Days after the Borrower or any of its Affiliates’ receipt of written notice of any material adverse change, or
of any fact, event or circumstance that would reasonably be expected to result in a material adverse change, in the ability of Servicer to perform the Services or to otherwise comply with any of its obligations under this Agreement, a notice setting
forth the details thereof and the action, if any, the Borrower is taking or propose to take with respect thereto. 
 (e) The
Borrower shall use its reasonable, good faith efforts to take, or cause to be taken, all actions that are, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things that are, necessary, proper or
otherwise advisable under all Applicable Law to more fully effect the purposes of this Agreement. 

  
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 ARTICLE IV 
 TERMINATION 
 Section 4.1. Termination. 

(a) This Agreement shall terminate automatically upon (i) the collection of the Death Benefit in respect of the last Pledged Policy
to reach maturity or (ii) the date on which all of the Obligations (including, without limitation, the Aggregate Participation Interest) shall have been irrevocably paid in full in cash. 

(b) Servicer may be terminated in writing by (each of the following Sections 4.1(b)(i)(A), (B), (C), (D),
(E), (F), (G), (H), (I) and (J), a “Servicer Termination Event”): 
 (i) (1) the Borrower (with the prior written consent of the Administrative Agent, which consent may be granted or withheld in its sole and absolute discretion) or (2) so long as the Loan Agreement is
in effect, the Administrative Agent, effective upon delivery by the Borrower or the Administrative Agent, as applicable, of written notice of termination to Servicer and the appointment of a Successor Servicer in accordance with
Section 4.3 below if any of the following events occur: 
 (A) Servicer fails to perform or observe
any of the covenants, conditions or agreements to be performed or observed by it hereunder (other than Section 3.2(c) and paragraphs 3(c), 5(a) and 5(b) of Annex 1) and such failure shall continue for a period in excess of thirty
(30) calendar days after the earlier of (i) knowledge thereof by Servicer or (ii) written notice thereof is given to Servicer; 
 (B) Servicer fails to perform or observe any of the covenants, conditions or agreements set forth in Section 3.2(c) or paragraphs 3(c), 5(a) or 5(b) of Annex 1; 

(C) any Event of Bankruptcy shall occur with respect to Servicer; 

(D) any representation or warranty made or deemed made by Servicer under this Agreement shall prove to have been incorrect
or untrue in any material respect when made (or when such representation, warranty, information or report is deemed to have been made or delivered) and, if curable, such breach is not cured within thirty (30) days; 

(E) any information or report prepared and delivered by or on behalf of Servicer hereunder shall prove to have been
incorrect or untrue in any material respect and, if curable, such breach is not cured within fifteen (15) days; 

  
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 (F) an event has occurred that has had or could reasonably be expected to
have a Servicer Material Adverse Effect; 
 (G) Servicer (if it is the initial Servicer) ceases to be a Publicly
Traded Company or a Blocked Person shall become the owner, directly or indirectly, beneficially or of record, of equity representing five percent (5.00%) or more of the aggregate ordinary voting power represented by the issued and outstanding
equity of Servicer; 
 (H) the Internal Revenue Service shall file notice of a Lien pursuant to the Code with
regard to any assets of Servicer or the PBGC shall, or shall indicate its intention to, file notice of a Lien pursuant to Section 4068 of ERISA with regard to any of the assets of Servicer in excess of $3,000,000, unless such filing is being
contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside; 
 (I) the Lenders shall have exercised, or commenced the exercise of, their rights under Section 10.2 of the Loan Agreement upon the occurrence and continuance of an Event of Default; or 

(J) one or more judgments for the payment of money shall be rendered against Servicer in an aggregate amount in excess of
$3,000,000, and shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof. 

(ii) Servicer effective upon the occurrence of both of the following events: 

(A) the Borrower’s failure to pay or cause to be paid the portion of the Servicing Fee payable to the Servicer
pursuant to the Priority of Payments in accordance with the terms of the Loan Agreement; and 
 (B) the
appointment of a Successor Servicer in accordance with Section 4.3 below. 
 The Borrower shall pay to Servicer its
fees and expenses accrued through the effective date of termination. 
 Section 4.2. Resignation. Servicer shall not
resign from the obligations and duties hereby imposed on it except (a) upon determination that (i) the performance of its duties hereunder is no longer permissible under Applicable Law and (ii) there is no reasonable action that
Servicer could take to make the performance of its duties hereunder permissible under Applicable Law or (b) upon the assumption, by an agreement supplemental hereto, in form satisfactory to the Borrower, and so long as the Loan Agreement is in
effect, the Administrative Agent, of the obligations and duties of Servicer hereunder, by any other entity approved by the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent (such

  
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approval shall be in the Administrative Agent’s sole and absolute discretion) (such entity, the “Successor Servicer”). Any determination permitting the resignation of
Servicer shall be evidenced as to clause (a) above by an opinion of counsel in form and substance acceptable to the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, to such effect delivered to the Borrower,
and so long as the Loan Agreement is in effect, the Administrative Agent. 
 Section 4.3. Servicer Termination and
Resignation. Servicer shall cooperate with the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, and any Success Servicer in effecting the termination of the responsibilities and rights of Servicer under this
Agreement, including, without limitation, delivery to such Successor Servicer of any and all data maintained by Servicer related to the Pledged Policies, this Agreement and any of its obligations under this Agreement and designating such Successor
Servicer as Servicer’s agent, assignee, designee, authorized representative, and any other similar designation required by such Successor Servicer for the purposes of complying with Applicable Law with respect to performing any of the services
described in this Agreement. No termination of Servicer nor any resignation by Servicer shall be effective unless and until a Successor Servicer is appointed pursuant to clause (b) of Section 4.2 above and Servicer shall have
transferred all data to such Successor Servicer as required in the previous sentence. Borrower shall remain obligated to pay any unpaid costs and expenses to any servicer which has resigned or been terminated hereunder. Borrower hereby agrees that
MLF LexServ, L.P. shall be an acceptable Successor Servicer. 
 ARTICLE V 

SERVICING FEES 
 Section 5.1. Servicing Fee. The Borrower will pay to Servicer for its servicing obligations under this Agreement on each Distribution Date a fee (the “Servicing Fee”) in
arrears, equal to $350 for each Policy that was a Pledged Policy during the immediately preceding calendar quarter. 

Section 5.2. Servicer’s Expenses. Servicer shall pay out of the Servicing Fee all costs and expenses of performing its
obligations under this Agreement other than expenses associated with the procurement of Life Expectancy Reports, which shall be reimbursable by the Borrower. 
 ARTICLE VI 
 STANDARD OF CARE; INDEMNITY 

Section 6.1. Standard of Care. 
 (a) Servicer may rely in good faith on any document of any kind (or a copy thereof) on its face appearing to have been properly executed and submitted by any person authorized to submit the same with
respect to any matters arising under this Agreement. 

  
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 (b) In performing the Services, Servicer shall perform its duties, covenants, obligations
and services hereunder (i) with at least the same degree of skill, care, diligence and effort as used by other Persons of established reputation responsible for servicing Policies (and in any event at least the same degree of skill and care as
Servicer exercises with respect to comparable assets held for its own account) and (ii) in compliance with all Applicable Law (the foregoing, the “Servicing Standard”). Servicer shall also ensure that each of its agents, if
any, perform their duties and obligations in regards to the Pledged Policies in accordance with the Servicing Standard. Subject to the specific requirements and prohibitions of this Agreement, (i) Servicer shall perform the Services for the
benefit of the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and the Lenders, without regard to any relationship which Servicer or any Affiliate thereof may otherwise have with any Issuing Insurance Company or
Insured, and (ii) Servicer shall at all times act in accordance with the provisions of each Pledged Policy in all material respects and observe and comply with all Applicable Law. 

Section 6.2. Indemnification. 
 (a) Servicer shall reimburse, indemnify, defend and hold harmless each Servicer Indemnitee for, against and in respect of any and all Losses which such Servicer Indemnitee may incur or suffer resulting
from, arising out of, based upon or relating to (i) any breach by Servicer of any of its representations or warranties made herein, (ii) any breach or failure to perform by Servicer of any of its duties, covenants or obligations contained
herein, including without limitation, the breach or failure to perform the Services; provided, however, Servicer shall not be required to so reimburse, indemnify, defend or hold harmless any Servicer Indemnitee to the extent of any
Loss resulting from, arising out of, based upon or relating to any gross negligence, willful misconduct, bad faith or violation of any Applicable Law on the part of such Servicer Indemnitee; provided further that, the Servicer’s aggregate
liability under this Section shall not exceed the sum of (i) the aggregate compensation and other consideration paid or to be paid to Servicer by the Borrower under this Agreement, (ii) the aggregate insurance coverage available under the
Servicer’s E&O Insurance and (iii) the difference, if any, between (A) the sum of clauses (i) and (ii) and (B) thirty million dollars ($30,000,000). The obligations of Servicer set forth in this
Section 6.2(a) hereof shall survive any termination of this Agreement. 
 (b) The Borrower shall reimburse,
indemnify, defend and hold harmless each Borrower Indemnitee for, against and in respect of any and all Losses which such Borrower Indemnitee may incur or suffer resulting from, arising out of, based upon or relating to (i) any breach by the
Borrower of any of its representations or warranties set forth in this Agreement, or (ii) any breach or failure by the Borrower to perform any of its duties, covenants or obligations contained in this Agreement; provided, however,
the Borrower shall not be required to so reimburse, indemnify, defend or hold harmless any Borrower Indemnitee to the extent of any Loss resulting from, arising out of, based upon or relating to any gross negligence, willful misconduct, bad faith or
violation of any Applicable Law on the part of such Borrower Indemnitee. The obligations of the Borrower set forth in this Section 6.2(b) hereof shall survive the termination of this Agreement. 

  
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 (c) Indemnification Procedures. 

(i) Notice of Claim. If any claim or demand is asserted by any person entitled to indemnification under the
provisions of Section 6.02 (individually or collectively, the “Indemnified Party”), written notice of such claim or demand shall promptly be given to each party from whom indemnification is sought (individually, the
“Indemnifying Party”). The Indemnified Party shall make available to the Indemnifying Party and its counsel and accountants at reasonable times and for reasonable periods, during normal business hours, copies of all books and
records of the Indemnified Party reasonably requested by the Indemnifying Party relating to any such possible claim for indemnification, and each party hereunder will render to the other such assistance as it may reasonably require of the other (at
the expense of the party requesting assistance) in order to ensure prompt and adequate defense of any suit, claim or proceeding based upon a state of facts which may give rise to a right of indemnification hereunder. 

(ii) Right to Control Defense; Counsel. Subject to the terms hereof, the Indemnifying Party, at its own expense,
shall have the right to assume control (subject to the right of the Indemnified Party to participate at the Indemnified Party’s expense and with counsel of the Indemnified Party’s choice and further subject to Governmental Authority
requirements and the requirements of any applicable regulator) of the defense, compromise or settlement of the matter (subject to the last sentence of this Section 6.2(c)(ii)), including, at the Indemnifying Party’s expense, employment of
counsel of the Indemnifying Party’s choice and reasonably acceptable to the Indemnified Party, by providing written notification to the Indemnified Party within fifteen (15) calendar days of receipt of the notice of the claim or demand.
The Indemnified Party shall either consent or object, in writing, to the counsel retained by the Indemnifying Party for such purposes within fifteen (15) calendar days of the Indemnified Party’s receipt of written notice of the selected
counsel, provided that such consent shall not be unreasonably withheld or conditioned. The Indemnified Party shall have the right to employ its own counsel if the Indemnified Party so elects to assume such defense, but the fees and expense of such
counsel shall be at the Indemnified Party’s expense, unless (1) the employment of such counsel shall have been authorized in writing by the Indemnifying Party; (2) such Indemnified Party shall have reasonably concluded that the
interests of such parties are conflicting such that it would be inappropriate for the same counsel to represent both parties or shall have reasonably concluded that the ability of the parties to prevail in the defense of any claim are improved if
separate counsel represents the Indemnified Party (in which case the Indemnifying Party shall not have the right to direct the defense of such action on behalf of the Indemnified Party), and in either of such events such reasonable fees and expenses
shall be borne by the Indemnifying Party; (3) the Indemnified Party shall have reasonably concluded that it is necessary to institute separate litigation, whether in the same or another court, in order to defend the claims asserted against it;
or (4) the Indemnifying Party shall have employed counsel reasonably acceptable to the Indemnified Party to take charge of the defense of such action after the Indemnifying Party elected to assume the defense thereof, provided that the
Indemnified Party did not unreasonably withhold consent to, such counsel. The Indemnifying Party 

  
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shall not, without the prior written consent of the Indemnified Party, effect any settlement or compromise or consent of any pending or threatened action, suit or proceeding in respect of which
any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party unless such settlement, compromise or consent includes an unconditional release of such Indemnified Party from all liability
on any claims that are the subject matter of such action and any related future claims and does not include a statement as to or an admission of fault, culpability or failure to act or on behalf of any Indemnified Party. 

(iii) Defense and Settlement of Claims. If the Indemnifying Party gives notice to any Indemnified Party that the
Indemnifying Party will assume control of the defense (to the extent permitted by Governmental Authority requirements and the requirements of any applicable regulator), including compromise or settlement of the matter, the Indemnifying Party shall
institute and maintain any such defense diligently and reasonably and shall keep the Indemnified Party fully advised of the status thereof. In such event, the Indemnifying Party will be deemed to have waived all defenses to the claims for
indemnification by the Indemnified Party with respect to that matter. Any Losses of the Indemnified Party caused by a failure of the Indemnifying Party to defend, compromise or settle a claim or demand in a reasonable and expeditious manner, after
the Indemnifying Party has given notice that it will assume control of the defense (to the extent permitted by Governmental Authority requirements and the requirements of any applicable regulator), compromise or settlement of the matter, shall be
included in the Losses for which the Indemnifying Party shall be obligated to indemnify the Indemnified Party. 
 ARTICLE VII

 MISCELLANEOUS 
 Section 7.1. Expenses. Except as otherwise provided in this Agreement, each of Servicer and the Borrower shall bear its own expenses incurred in connection with the negotiation and execution
of this Agreement and the consummation of the transactions contemplated hereby. 
 Section 7.2. Submission to
Jurisdiction; No Jury Trial; Service of Process. 
 (a) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF THE U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK OVER ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY AND EACH PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH DISPUTE OR ANY SUIT, ACTION OR PROCEEDING RELATED THERETO MAY BE HEARD AND DETERMINED IN SUCH COURTS. THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION WHICH THEY MAY NOW OR 

  
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HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH DISPUTE BROUGHT IN SUCH COURT OR ANY DEFENSE OF INCONVENIENT FORUM FOR THE MAINTENANCE OF SUCH DISPUTE. EACH OF THE PARTIES HERETO AGREES THAT A
JUDGMENT IN ANY SUCH DISPUTE MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 
 (b) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 (c) Each of the parties hereto hereby consents to process being served by
any party to this Agreement in any suit, action or proceeding by the delivery of a copy thereof in accordance with the provisions of Section 7.5, in addition to any other manner allowable by Law. 

Section 7.3. Entire Agreement; Amendment; Waiver; Remedies Cumulative. This Agreement (including the schedules and exhibits
hereto) represents the entire understanding and agreement between the parties hereto with respect to the subject matter hereof. This Agreement may only be modified, amended or waived in writing signed by the parties hereto, and so long as the Loan
Agreement is in effect, with the prior written consent of the Administrative Agent (or, in the case of a waiver, by the party from whom such waiver is sought, and so long as the Loan Agreement is in effect, with the prior written consent of the
Administrative Agent). The waiver by any party hereto of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. 

Section 7.4. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York, including General Obligations Law Sections 5-1401 and 5-1402, but otherwise without regard to principles of conflicts-of-laws. 

  
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 Section 7.5. Notices. All notices and other communications under this Agreement
shall be in writing (including electronic mail communication) and shall be deemed given (i) when delivered personally by hand (with written confirmation of receipt), (ii) when sent by facsimile (with written confirmation of transmission),
provided that the facsimile is sent during normal business hours of the recipient, if not, the facsimile will be deemed to be received the next Business Day, (iii) if sent by electronic mail, when the sender thereof shall have received
electronic confirmation of the transmission thereof (provided that should such day not be a Business Day, on the next Business Day) or (iv) one Business Day following the day sent by overnight courier (with written confirmation of receipt), in
each case at the following addresses, electronic mail addresses and facsimile numbers (or to such other address or facsimile number as a party may have specified by notice given to the other party pursuant to this provision): 

If to Servicer, to: 
 701 Park of Commerce Boulevard 
 Suite 301 

Boca Raton, Florida 33487 
 Attention: General Counsel 
 Telephone: 

Facsimile: 
 Email: 
 If to the Borrower, to: 

701 Park of Commerce Boulevard 
 Suite 301 
 Boca Raton, Florida 33487 

Attention: General Counsel 
 Telephone: 
 Facsimile: 

Email: 
 If to the Administrative Agent (so long as the Loan Agreement is in effect), to: 
 7195 Dallas Parkway 
 Plano, Texas 75024 

Attention: James Erwin 
 Telephone: 
 Facsimile: 

Email: 
 with a copy to (which shall not constitute notice): 
 Boris Ziser,
Esq. 
 Stroock & Stroock & Lavan LLP 

180 Maiden Lane 
 New York, New York 10038 
 Telephone: 

Facsimile: 
 Email: 
 If to the Insurance Consultant (so long as the Loan Agreement is in
effect), to: 
 2911 Turtle Creek Blvd. 

Suite 300 
 Dallas, Texas 75214 
 Attention: Robert Hughes 

Telephone: 
 Facsimile: 
 Email: 

Section 7.6. Severability. If any term or other provision of this Agreement is invalid, illegal, or incapable of being
enforced by any law or public policy, all other terms or provisions 

  
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of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially
adverse to any party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 

Section 7.7. Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and
their respective successors and permitted assigns. Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person or entity not a party to this Agreement except as provided below. No assignment of this
Agreement or of any rights or obligations hereunder may be made by either Servicer or the Borrower, directly or indirectly (by operation of law or otherwise), without the prior written consent of the other parties hereto, and so long as the Loan
Agreement is in effect, the Administrative Agent, and any attempted assignment without the required consent shall be void. The Administrative Agent and each of the Lenders shall be an express third party beneficiary of this Agreement so long as the
Loan Agreement is in effect (including, without limitation, all representations, warranties and indemnities hereunder), with the right to enforce any rights hereunder directly, as if such party was a direct party hereto. 

Section 7.8. Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an
original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized,
as of the date first written above. 
  

					
	IMPERIAL FINANCE & TRADING, LLC, as Servicer
		
	By:	 	 /s/ Richard S. O’Connell, Jr.

		 	Name:	 	Richard S. O’Connell, Jr.
		 	Title:	 	Chief Financial Officer
	
	WHITE EAGLE ASSET PORTFOLIO, LLC, as Borrower
		
	By:	 	 /s/ Richard S. O’Connell, Jr.

		 	Name:	 	Richard S. O’Connell, Jr.
		 	Title:	 	President & Chief Financial Officer

  
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Agreement 
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 ANNEX 1 
 SERVICES 
 Servicer shall manage, service and administer each Pledged Policy by providing
the following Services, in all cases subject to the Servicing Standard: 
 1. Premium Tracking and Premium Confirmation. 

(a) Servicer shall (i) maintain a Premium Payment Schedule, Premium Due Date Schedule and Premium Remittance Schedule with respect
to each Pledged Policy, (ii) monitor insurance premium and other invoices and notices received by Servicer from the Issuing Insurance Companies which have been forwarded by the Securities Intermediary pursuant to the Account Control Agreement
to Servicer with respect to the Pledged Policies and (iii) notify the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, within two (2) Business Days of the Servicer’s receipt of any such invoice or
notice if any such invoice or notice from any such Issuing Insurance Company states that a Pledged Policy (x) is in, or will enter, a state of grace, (y) will lapse or has lapsed or (z) will enter, or is in, a state of default.

 (b) On or before the tenth (10th) day following March 31, June 30, September 30 or December 30 of each year,
Servicer shall provide each of the Borrower, the Securities Intermediary, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, with (i) a Premium Due Date Schedule, which identifies each Pledged
Policy for which a premium payment is due to the applicable Issuing Insurance Company (each, a “Premium Due Date”) during the next succeeding calendar year and the amount of such premium payment (the “Premium
Payment”) required to be paid to such Issuing Insurance Company on such Premium Due Date, (ii) a Premium Payment Schedule, which identifies all scheduled Premium Payments to be made in respect of each Pledged Policy and (iii) a
Premium Remittance Schedule, which identifies all Premium Payments made in respect of each Pledged Policy during the previous calendar year. 
 (c) If there is a Premium Due Date (based on the applicable Premium Payment Schedule) with respect to a Pledged Policy occurring during the period beginning on the date such Policy first becomes a Pledged
Policy and ending on the last day of the calendar month immediately following the calendar quarter in which such Policy first becomes a Pledged Policy, Servicer shall, promptly following such Policy first becoming a Pledged Policy (and in any event
prior to such Premium Due Date), provide each of the Administrative Agent, the Borrower, the Insurance Consultant and the Securities Intermediary with a Premium Due Date Schedule in respect of such Pledged Policy. 

(d) For each Premium Due Date with respect to a Pledged Policy, (i) if the Securities Intermediary remitted the respective Premium
Payment to the applicable Issuing Insurance Company by check, Servicer shall confirm whether such Issuing Insurance Company has cashed such check and take all the reasonably necessary acts to confirm with such Issuing Insurance Company that it has
credited such Premium Payment to the correct Pledged Policy account and the Servicer shall use its commercially reasonable efforts to confirm with such Issuing Insurance Company that after giving effect to such Premium Payment, such Pledged Policy
has not lapsed, is not in any state of grace or default, and will not lapse or enter into any 

  
 A-1

 
state of grace or default prior to the next scheduled Premium Due Date (based upon the Premium Payment Schedule) and (ii) if the Securities Intermediary remitted the respective Premium
Payment to the applicable Issuing Insurance Company in immediately available funds, Servicer shall confirm with such Issuing Insurance Company that such Issuing Insurance Company received such Premium Payment and credited such Premium Payment to the
correct Pledged Policy account and the Servicer shall use its commercially reasonable efforts to confirm with such Issuing Insurance Company that after giving effect to such Premium Payment, such Pledged Policy has not lapsed, is not in any state of
grace or default, and will not enter into any state of grace or default prior to the next scheduled Premium Payment Date (based upon the Premium Payment Schedule). 
 (e) Within thirty (30) days after its receipt of a Policy Illustration as described in paragraph 4(b) below from the related Issuing Insurance Company in respect of a Pledged Policy, Servicer shall,
using the information contained in such Policy Illustration, utilizing commercially reasonable practices and in accordance with the Servicing Standard, calculate the Premium optimization for such Pledged Policy and the Net Death Benefit for the term
ending no sooner than the date upon which such Pledged Policy matures in a manner that the current cash value and future cash value shall be as low as reasonably possible while maintaining the Pledged Policy in full force and effect and not in a
state of grace. The Servicer will have no liability for any calculation, optimization, projection or recalculation of Premiums or the Net Death Benefit with respect to any Pledged Policy as to which the related Issuing Insurance Company later
specifies different minimum Premiums due to avoid lapse or pays a different amount of Net Death Benefit, as long as such differences are not caused by the bad faith or negligence of the Servicer. 

2. Insured Tracking. 

(a) Servicer shall monitor the health status of each Insured and the current address and contact information of the Insured periodically
(in the case of any Insured with a remaining Life Expectancy of (i) 12 months or less, at least monthly, and (ii) over 12 months, at least quarterly), subject to any restrictions imposed by Applicable Law. Servicer’s monitoring duties
and responsibilities shall be to perform periodic (as set forth in the preceding sentence) written or verbal communication (or good faith attempt at same) with each such Insured, regarding the current health status and address and contact
information of such Insured or, if the Insured has died, whether a claim for a Death Benefit may be submitted with respect to the related Pledged Policy. Contact method options include, but are not limited to, telephone, facsimile transmission,
email or other electronic communication, written communication via mail service and/or any available database with information about an Insured, an Insured’s physician(s) and/or a designated contact of an Insured. Servicer shall inform the
Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, in writing on (a) a monthly basis of any determination by Servicer that a claim for payment of any Death Benefit under a Pledged
Policy may be made and/or (b) a quarterly basis whether there has been a change in the residence or other contact information for any Insured or a designated contact of an Insured. At the request of the Borrower, and so long as the Loan
Agreement is in effect, the Administrative Agent, Servicer shall use additional efforts consistent with its usual business procedures to locate any Insured under a Pledged Policy whose health status Servicer has not been able to confirm for two
(2) consecutive contact periods. In respect 

  
 Annex 1-2

 
thereof and subject to the Borrower’s prior written approval, the fees and expenses of any arm’s length third party retained by Servicer in regard to such additional efforts shall be
paid by the Borrower on a pass-through basis. In the event that such additional efforts to contact the Insured or his or her representatives are exhausted and the health of the Insured cannot be confirmed, within two (2) Business Days thereof
the Servicer shall notify the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, and forthwith deliver to the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, a copy of the complete
tracking file in respect of the Insured. Servicer may use investigative services, subject to and in accordance with Section 3.2(f) hereof, to conduct the Tracking Services as set forth herein. 

(b) In addition, twice per calendar month Servicer shall perform an electronic mortality verification for each Insured with a summary of
Servicer’s findings of any mortality to be reported to the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, within five (5) Business Days and confirmed with contact by
Servicer to the Insured and/or his or her representative and contacts under clause (a) above immediately following Servicer’s obtaining of positive notification of mortality. 
 3. Death Benefit Processing. 
 (a) Servicer shall, following its
verification of the death of an Insured under a Pledged Policy, take all reasonable action (consistent with the Servicing Standard) to obtain a death certificate from the applicable Governmental Authority with respect to such Insured, which death
certificate shall include, if available, the cause of death of such Insured and conform to the applicable Issuing Insurance Company’s procedure for submission of a death claim for such Pledged Policy. Servicer shall provide the Borrower, and so
long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, with written notice of the death of each Insured under a Pledged Policy within five (5) Business Days of Servicer receiving a verified notification
of death with respect to such Insured. 
 (b) Servicer shall, no later than three (3) Business Days following its
verification of the death of an Insured under a Pledged Policy (or of the second Insured under a Pledged Policy that is a Joint Policy), initiate the process to obtain a copy, or certified copy if required by the applicable Issuing Insurance
Company, of the death certificate certified by the applicable Governmental Authority for such Pledged Policy. Servicer shall use its best efforts to promptly take all reasonable actions (consistent with the Servicing Standard) to obtain and complete
all necessary Death Benefit claim forms with respect to such Pledged Policy and to submit the death certificate and all necessary Death Benefit claim forms to the applicable Issuing Insurance Company, with a copy to the Borrower, and so long as the
Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant. Servicer shall also, within two (2) Business Days after it receives notice from an Issuing Insurance Company that such Issuing Insurance Company has denied a
claim for the payment of a Death Benefit in respect of any such Pledged Policy, notify the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, of such denial. 

(c) If Servicer shall receive any check or other instrument of payment for such Death Benefits or other proceeds of a Pledged Policy,
Servicer shall hold such Death Benefits or other proceeds in trust solely for the benefit of the Borrower, and so long as the Loan Agreement 

  
 Annex 1-3

 
is in effect, the Administrative Agent, and within two (2) Business Days of Servicer’s receipt of any Death Benefit or other proceeds in respect of any Pledged Policy, notify the
Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, and deposit such amount into the Collection Account. 
 4.
Administrative Services. Servicer shall perform the following administrative Services in respect of the Pledged Policies: 
 (a) maintain an electronic database relating to all of the Pledged Policies which contains all material data (the “Policy Information”) as provided to Servicer by the Borrower and/or
other parties or otherwise obtained by Servicer, necessary for Servicer’s performance of the Services, which will include for each of the Pledged Policies: (i) the policy number; (ii) current contact information for all contact
persons affiliated with the Issuing Insurance Company who are pertinent to the administration of pending claims made with respect to a Pledged Policy; (iii) current contact information and social security numbers of each Insured under a Pledged
Policy; (iv) current contact information of each contact person for each Insured under a Pledged Policy; (v) name and current contact information of each physician and other medical personnel materially responsible for the medical care and
treatment of each Insured under a Pledged Policy; (vi) the current life status of each Insured under a Pledged Policy; and (vii) a record of each Premium Payment that has been confirmed by Servicer (and the date upon which such payment was
made as set forth on the Premium Remittance Schedule) to the relevant Issuing Insurance Company; 
 (b) obtain a Policy
Illustration (i) with respect to any Policy not listed on the Initial Advance Lexington Schedule to the Loan Agreement, in the calendar month immediately following a Policy becoming a Pledged Policy and an updated Policy Illustration for each
Pledged Policy no later than March 31 of each calendar year (or more frequently as directed by the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and (ii) with respect to any Policy listed on the Initial
Advance Lexington Schedule to the Loan Agreement, in the third calendar month after such Policy becomes a Pledged Policy and an updated Policy Illustration for each Pledged Policy no later than March 31 of each calendar year (or more frequently
as directed by the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent; provided that Borrower shall agree in writing to pay to Servicer such additional fees and expenses as reasonably determined by the parties as a
condition precedent to Servicer’s obtaining more than one (1) Policy Illustration during any calendar year); 
 (c)
without limiting clause (d) below, provide the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent and the Insurance Consultant, with one or more monthly reports, in the form attached as Annex 2 hereto
(each, a “Servicer Report”), by no later than the seventh (7th) day of each calendar month (or if such day is not a Business Day, the next succeeding Business Day); 

(d) upon request made to Servicer, deliver to the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent,
such reports as the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent, reasonably request, and shall permit the Borrower, and so long as the Loan Agreement is in effect, the Administrative Agent, and their respective
designees reasonably to monitor and audit Servicer’s performance of the Services at no cost (other than expenses approved and paid by Servicer) or disruption to Servicer’s business; 

  
 Annex 1-4

 (e) respond to inquiries from, and communicate as necessary or otherwise appropriate with,
the Issuing Insurance Companies relating solely to the Pledged Policies and Services described in Sections 1, 3 and 4 of this Annex 1; 
 (f) using commercially reasonable efforts in accordance with the Servicing Standard, obtain an updated HIPAA compliant medical information release form for each Insured under a Pledged Policy on an annual
basis if requested by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent (or more frequently as directed by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent); 

(g) no less frequently than once every twenty four (24) months or, so long as the Loan Agreement is in effect, if requested by the
Administrative Agent, once per calendar year, obtain an updated Life Expectancy Report for each Insured under a Pledged Policy, if requested by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent (or more frequently
as directed by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent); 
 (h) if requested by
the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent, obtain or cause a third-party to obtain a verification of coverage for each Pledged Policy on an annual basis, which may be obtained telephonically via a recorded
call with the related Issuing Insurance Company; 
 (i) provided that Servicer has an updated HIPAA compliant medical release
form for an Insured, obtain twice per calendar year updated medical records for such Insured under a Pledged Policy, if requested by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent (or more frequently as
directed by the Borrower, or so long as the Loan Agreement is in effect, the Administrative Agent); and 
 (j) request with
respect to each Pledged Policy an annual statement from the related Issuing Insurance Company in the month following such Pledged Policy’s anniversary and furnish a copy of such statement to the Borrower, and so long as the Loan Agreement is in
effect, the Administrative Agent. 
 5. FTP Site. 
 (a) So long as the Loan Agreement is in effect, Servicer shall upload to a File Transfer Protocol Site maintained by or on behalf of the Administrative Agent (the “FTP Site”) any and all
documents or other data required under this Agreement to be delivered to the Borrower, the Administrative Agent and the Insurance Consultant, within three (3) Business Days that such document or data is required to be delivered to such party
hereunder. 
 (b) No later than the Closing Date, Servicer shall upload to the FTP Site the complete Collateral Packages
relating to each of the Policies that will become Pledged Policies on the Closing Date. No later than the date on which an Additional Policy Advance is funded and a related Additional Policy becomes a Pledged Policy, Servicer shall upload to the FTP
Site the completed Collateral Packages relating to each such Policy. 

  
 Annex 1-5

 (c) Without limiting paragraph 4 above, Servicer shall upload to the FTP Site, within five
(5) Business Days after Servicer’s receipt thereof, a copy of each material written notice, letter, instrument or other document received by Servicer in connection with a Pledged Policy, the Services or the other transactions contemplated
by this Agreement from any Issuing Insurance Company, Insured, Governmental Authority, arbitrator or other Person. 
 (d)
Without limiting paragraph 4 above, Servicer shall upload to the FTP Site, within three (3) Business Days after the transmission thereof by Servicer, a copy of each material written notice, letter, instrument or other document (other than
premium payments) given by Servicer in connection with a Pledged Policy, the Services or the other transactions contemplated hereby to any Issuing Insurance Company, Insured, Governmental Authority, arbitrator or other Person. 

(e) On the date on which Servicer uploads any document or other data to the FTP Site, Servicer shall notify the Borrower, the
Administrative Agent and the Insurance Consultant, of such transmission to the FTP Site. 

  
 Annex 1-6

 EXHIBIT A 
 FORM OF MONTHLY REPORT 

 [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 Imperial Finance and Trading 

Servicing Duty and Frequency Report 

Effective as of April 15, 2013 
  

											
	 Service Description
	 	 Frequency
	 	Department	 	Owner	 	FTP Site	 	Verification
						
	 Premium Payment Schedule
	 	Quarterly	 	Finance	 	[*]	 	Yes	 	Yes
	 Premium Due Date Schedule
	 	Quarterly	 	Pricing	 	[*]	 	Yes	 	Yes
	 Premium Remittance Schedule
	 	Quarterly	 	Data Entry	 	[*]	 	Yes	 	Yes
	 Insured Contact Information
	 	Quarterly	 	Servicing	 	[*]	 	Yes	 	No
	 Health Calls LE < than 12 months
	 	Monthly	 	Servicing	 	[*]	 	Yes	 	No
	 Health Calls LE > than 12 months
	 	Yearly	 	Servicing	 	[*]	 	Yes	 	No
	 HIPPA Compliant Medical Release
	 	Yearly	 	Data Entry	 	[*]	 	Yes	 	No
	 Medical Reports
	 	Yearly	 	Data Entry	 	[*]	 	Yes	 	No
	 LE Report < 12 months
	 	Monthly	 	Data Entry	 	[*]	 	Yes	 	No
	 LE Report > 12 months
	 	Every 24 months	 	Data Entry	 	[*]	 	Yes	 	No
	 Verification of Coverage (VOC)
	 	Yearly	 	Servicing	 	[*]	 	Yes	 	No
	 Policy Annual Statement
	 	Anniversary Date	 	Servicing	 	[*]	 	Yes	 	No
	 Policy Illustration Receipt / or request
	 	30 days from	 	Servicing	 	[*]	 	Yes	 	No
	 Mortality Verification
	 	Bi-weekly	 	Servicing	 	[*]	 	Yes	 	No
	 Mortality Notice
	 	5 Business days	 	Servicing	 	[*]	 	Yes	 	No
	 Mortality Processing
	 	3 Business days	 	Servicing	 	[*]	 	Yes	 	No
	 Any Documentation received by the company must be placed on the FTP Site
	 	2 Business days	 	All	 	All	 	Yes	 	NA

 [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 

 Operational Plan – 18 Months (May 2013 to October 2014) 

 

													
	 Draw Period
	 	 Premiums
	 	Servicing	 	Management	 	Audit	 	Other	 	Total
	 5-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 5-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 6-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 6-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 7-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 7-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 8-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 8-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 9-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 9-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 10-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 10-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 11-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 11-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 12-2013-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 12-2013 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 1-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 1-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 2-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 2-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 3-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 3-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 4-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 4-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 5-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 5-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 6-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 6-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 7-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 7-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 8-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 8-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 9-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 9-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 10-2014-Draw 1
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 10-2014 Draw 2
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
		 	  
	 	  
	 	  
	 	  
	 	  
	 	  

							
	 Totals
	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
		 	  
	 	  
	 	  
	 	  
	 	  
	 	  

 

 Premium Due Date Schedule 

Frequency: On or Before the 10th day following March 31, June 30, September 10 and December 30 
  

															
	 Policy
Identification

/Quote
No.
	 	Policy
Number	 	Paid
Through
Date	 	Insureds
Name
first/last	 	Carrier
Legal
Name	 	Remittance
Carrier
Contact
info.	 	Premium
Amount	 	Carrier
payment
instructions
Wire
and
or
Overnight
address
		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	

 
 

 Premium Payment Schedule 

Frequency: On or Before the 10th day following March 31, June 30, September 30 and December 30 
  

							
	 Policy
No.
	  	Insurance
Carrier	  	Payment due
Date for next
succeeding
calendar year	  	Premium
Amount
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

 Premium Remittance Schedule Report 

Frequency: On or Before the 10th day following March 31, June 30, September 30 and December 30 
  

																											
	 Policy No.
	 	Policy
Identification
/Code
No.	 	Insured
Name
First
/Last	 	Carrier
Legal
Name	 	Remittance
Carrier
Contact
Info	 	Premium
due
date	 	Premium
Payment
Amount	 	Sl Actual
remittance
date	 	Wire
or
Check	 	Wire
Tracking
no.	 	Check
no.	 	Carrier
Confirmation
Check
or
Wire
Received	 	Carrier
Confirmation
Premium
Applied
to
policy	 	Carrier
Confirmation
Policy
in
Good
standing
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	

 Imperial Finance and Trading Monthly Servicer Report 

For the period Ending xxx (monthly Report) 
  

																															
	 No. of Policies Serviced
	 	Policy
No.	 	Policy
Code
No.	 	Name
of
Insured	 	Date
of
Birth	 	Age	 	Gender	 	Smoking	 	Carrier
Name	 	Policy
Challenge
Y/N	 	Date of
Last
Premium
Payment	 	Premium
Payment
Amount	 	Premium
Payment
Schedule
Report	 	Any
Grace
notice
received
Yes or
No	 	Date
of last
Health
call	 	HIPPA
date
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	

																					
	 Date of Meds
	 	LE Exp Date	 	Illustration
Date	 	Mortality
Verification
date	 	VOC
Date	 	Annual
Statement
Date	 	Date of
Death
Notification	 	Date
of
Death	 	Date
Death
claim
filed
with
carrier	 	Date
Claim
was
received
and
deposited	 	Death
Benefit
Amount
ReceivedEX-10.4

 Exhibit 10.4 
 FIRST AMENDMENT TO SERVICING AGREEMENT 
 This FIRST AMENDMENT TO
SERVICING AGREEMENT (this “Amendment”), dated and effective as of August 9, 2013, is entered into by and between Imperial Finance & Trading, LLC, a Florida limited liability company (“Servicer”), and
White Eagle Asset Portfolio, LLC, a Delaware limited liability company (the “Borrower”). Capitalized terms used herein and not otherwise defined have the meanings ascribed thereto in the Servicing Agreement specified below to which
this Amendment relates. 
 W I T N E S S E T H: 

WHEREAS, Servicer and Borrower have heretofore entered into that Servicing Agreement dated as of April 29, 2013 (the
“Servicing Agreement”), providing for the performance by Servicer of specified ongoing administration and servicing of certain life insurance policies that are from time to time owned directly or indirectly by Borrower, which life
insurance policies serve as collateral for the credit advances made to the Borrower pursuant to that certain Loan and Security Agreement (the “Loan Agreement”), dated as of April 29, 2013, by and among Borrower, the financial
institutions party thereto from time to time as lenders (each, a “Lender” and collectively, the “Lenders”), and CLMG Corp., as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”); 
 WHEREAS, Section 7.3 of the Servicing Agreement permits amendment by written agreement of the Servicer
and Borrower with the consent of the Administrative Agent (while the Loan Agreement is in effect); and 
 WHEREAS, the
Administrative Agent has consented to the amendment of the Servicing Agreement pursuant to that certain First Amendment To Loan And Security Agreement And Security Account Control And Custodian Agreement made and entered into August 9, 2013, by
and among Borrower, Imperial Finance & Trading, LLC, Wilmington Trust, National Association, as Securities Intermediary and as Custodian (“Wilmington”), the Administrative Agent, and LNV Corporation, the sole Lender as of
the date hereof; 
 NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby mutually covenant and agree for the equal and ratable benefit of the parties hereto and of each express third party beneficiary as follows: 

1. Amendments to Annex I. The first sentence of Section 1(e) of Annex I of the Servicing Agreement is hereby amended and
restated to read as follows: 
 “By August 31, 2013, Servicer shall, using the information contained in the relevant
Policy Illustration described in paragraph 4(b) below received from the 

 
related Issuing Insurance Company in respect of each Pledged Policy that is a Pledged Policy as of the date of the Initial Advance, and then again within thirty (30) days after its later
receipt of a subsequent Policy Illustration relating thereto as described in paragraph 4(b) below from the related Issuing Insurance Company (using the information contained in such subsequent Policy Illustration), utilizing commercially reasonable
practices and in accordance with the Servicing Standard, calculate the Premium optimization for such Pledged Policy and the Net Death Benefit for the term ending no sooner than the date upon which such Pledged Policy matures in a manner that the
current cash value and future cash value shall be as low as reasonably possible while maintaining the Pledged Policy in full force and effect and not in a state of grace.” 

2. Separability Clause. In case any provision of this Amendment shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 3. Effect of
Headings. The section headings herein are for convenience only and shall not affect the construction hereof. 
 4.
Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS OF
LAW THAT WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. 
 5. Multiple Originals. The
exchange of copies of this Amendment and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Amendment as to the parties hereto and may be used in lieu of the original Amendment for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF transmission shall be deemed to be their original signatures for all purposes. 
 [Signature Page Follows] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date
first above written. 
  

					
	IMPERIAL FINANCE & TRADING, LLC
		
	By:	 	    /s/ Antony Mitchell
		 	Name:	 	Antony Mitchell
		 	Title:	 	Chief Executive Officer
	
	WHITE EAGLE ASSET PORTFOLIO, LLC
		
	By:	 	    /s/ Antony Mitchell
		 	Name:	 	Antony Mitchell
		 	Title:	 	Chief Executive Officer

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