X0306 4 2019-07-17 0 0000355379 MIDWEST HOLDING INC. MDWT 0001528111 Morrison Scott 609 CASTLE RIDGE ROAD, SUITE 450 AUSTIN TX 78746 1 0 0 0 Options 0.05 2019-07-17 4 A 0 16666 0 A 2021-07-17 2029-07-17 Common Stock 16666 16666 D Options 0.05 2019-07-17 4 A 0 33334 0 A 2023-07-17 2029-07-17 Common Stock 33334 50000 D Options granted under the Company's 2019 Long-Term Incentive Plan. Shares vest as follows: (i) 16,666 shares shall vest on July 17, 2021; and (ii) 33,334 shares shall vest on July 17, 2023; in each case subject to the Reporting Person's continued service as a member of the Company's Board of Directors. /s/ Scott Morrison 2019-07-19