ARM FINANCIAL GROUP, INC.
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March 20, 1998
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ARM Financial Group, Inc.
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Dear ▇▇▇▇▇▇:
This letter amendment (this "AMENDMENT") sets forth our mutual
understanding concerning an amendment to your Change in Control Agreement
with ARM Financial Group, Inc. dated as of December 4, 1997 (the "CHANGE IN
CONTROL AGREEMENT").
1. Section 6.7 of the Change in Control Agreement is hereby
amended by deleting the words "June 30, 1998" and inserting the words
"December 31, 1998".
2. This Amendment shall be governed in accordance with the laws of
the State of New York.
3. Except as modified hereby, the Change in Control Agreement
remains in full force and effect.
2
Please evidence your agreement with this Amendment by executing the
acknowledgment set forth below.
ARM FINANCIAL GROUP, INC.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇
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Name:
Title:
ACKNOWLEDGED AND
AGREED AS OF THE DATE
FIRST ABOVE WRITTEN
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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