MMRGlobal, Inc. (fka MMRF)

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$2.5 million Life insurance for MMRF shareholders

Life insurance policy paid for by shreholders gives Kira $2.5 million and MMRF AT LEAST $2.5 million

Employee Benefits
. The Executive shall be entitled to reimbursement for expenditures for life
insurance on the Executive in the face amount of
$5,000,000 (or such higher amount as may be
agreed to by the Board of Directors of Parent), provided that Executive shall assign not less than
50% of the face amount of any proceeds of such insurance to the Company. The Executive shall
also be entitled to: (i) four weeks' vacation fo
r each 12-month period du
ring the Employment
Period; (ii) an automobile allowance of $3,0
00 per month; (iii) reimbursement for up to
$3,000,000 of coverage under the existing policy (249736) and other insurance (which may
include D&O coverage or excess D&O coverage) in amounts consistent with past practice, and
any policy issued u
pon renewal or replacement thereof;
and (iv) such other benefits and
perquisites that are generally made available to senior executives of Parent or the Company from
time to time.
e.
Indemnification
. T

https://www.sec.gov/Archives/edgar/data/1285701/000113626112000185/exhibit10-40.pdf