0000701869-09-000001 Sample Contracts

AMENDMENT NO. 3 TO RETIREMENT BENEFIT AGREEMENT
Retirement Benefit Agreement • January 7th, 2009 • Independence Holding Co • Life insurance

Amendment No. 3 (“Amendment No. 3”), dated as of December 31, 2008, to the Retirement Benefit Agreement by and between Independence Holding Company (“IHC”) and Mr. Roy T.K. Thung (“Thung”), dated September 30, 1991 (the “Agreement”), as amended pursuant to Amendment No. 1 to Retirement Benefit Agreement, dated December 20, 2002, by and between IHC and Thung (“Amendment No. 1”) and Amendment No. 2 to Retirement Benefit Agreement, dated June 17, 2005, by and between IHC and Thung (“Amendment No. 2”). For good and valuable consideration, the parties hereto agree as follows:

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AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • January 7th, 2009 • Independence Holding Co • Life insurance • California

This Amendment to Executive Employment Agreement (this “Amendment”), by and between Independence Holding Company, a Delaware corporation (the “Company”), and Mr. Bernon R. Erickson, Jr., an individual resident in the State of California (“Executive”), is made as of December 31, 2008.

AMENDMENT TO SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • January 7th, 2009 • Independence Holding Co • Life insurance • Arizona

This Amendment to Salary Continuation Agreement (this “Amendment”), by and between Insurers Administrative Corporation, an Arizona corporation (the “Company”), and Mr. Scott M. Wood, an individual resident in the State of Arizona (“Executive”), is made as of December 31, 2008.

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