0000097196-09-000010 Sample Contracts

AMERICAN INDEPENDENCE CORP. Stock Option Award Agreement
Stock Option Award Agreement • July 31st, 2009 • American Independence Corp • Accident & health insurance • Delaware

You (the “Participant”) are hereby awarded the following stock option (the “Option”) to purchase Shares of American Independence Corp. (the “Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Award Agreement”) and in the American Independence Corp. 2009 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. You should carefully review these documents, and consult with your personal financial advisor, before exercising this Option.

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Restricted Share Award Agreement
Restricted Share Award Agreement • July 31st, 2009 • American Independence Corp • Accident & health insurance • Delaware

You are hereby awarded Restricted Shares subject to the terms and conditions set forth in this Restricted Share Award Agreement (“Award Agreement” or “Award”), and in the American Independence Corp. 2009 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.

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