THIS AGREEMENT is made and entered into this 1st day of May, 2006 by and among Reliv
International, Inc., aDelaware corporation, with its principal offices and place of business at 136 Chesterfield
Industrial Boulevard, Chesterfield, Missouri 63005 (hereinafter referred to as the “Company”) and Ryan A.
Montgomery, an individual whose address is Box 495, St. Albans, Missouri (hereinafter referred to as the
WHEREAS, Executive is employed by the Company;
WHEREAS, Executive wishes to provide life insurance protection for his family in the event of his death,
under a policy of life insurance insuring his life (hereinafter referred to as the “Policy”), which is described in
Exhibit A attached hereto, and which has been issued by Metropolitan Life Insurance Company (hereinafter
referred to as the “Insurer”);
WHEREAS, the Company is willing to pay premiums due on the Policy as an additional employment
benefit for Executive, on the terms and conditions set forth;
WHEREAS, the Company is the owner of the Policy and, as such, possesses all of the incidents of
ownership of the policy; and,
WHEREAS, the Company wishes to retain such ownership rights in order to secure the repayment of the
amounts which it will pay toward the premiums on the Policy.
NOW, THEREFORE, in consideration of the premises and of the terms, covenants and conditions
hereinafter contained, the parties hereto agree as follows:
Purchase of Policy. The Company has purchased the Policy from the Issuer in the total face
amount of $500,000. The parties hereto have taken all necessary action to cause the Insurer to issue the Policy,
and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this
Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this
Agreement and of the endorsement to the Policy filed with the Insurer.
Ownership of the Policy . Th