Amendment #8

Dated and Effective: January 1, 2025

To the

SHARED SERVICES AGREEMENT

By and between

FIRST SOUTHERN NATIONAL BANK

And

UTG, INC.

Dated

January 1, 2017

Purpose: To amend and replace Item 1-Services of above said agreement in its entirety.

1.	Services. During the term of this Agreement, the parties hereby agree to share personnel and the employee costs of certain groups of employees of both entities. The initial Shared Services of the two entities shall be as follows:

	FSNB percentage	UTG percentage
Accounting	50%	50%
CLG	*	*
Human Resources	85%	15%
People & Culture	75%	25%
Information Technology	50%	50%
Investments	50%	50%
Leadership	*	*
Marketing	50%	50%
Real Estate	50%	50%
Grounds	50%	50%

*See attached allocations per Exhibit A.

The Shared Services of each entity shall include the base pay, bonuses paid, payroll related taxes and costs of employee benefits provided for each individual covered.

Allocated costs shall first be reduced for reimbursements, if any, received from other entities or third parties.

Additional employees or groups of employees may be added as shared services upon mutual agreement of both parties and attached hereto as an addendum to this Agreement.

Corporate performance-based bonuses or awards are specifically excluded from this formula and sharing arrangement. Such bonuses or awards shall be borne entirely by the individual entity and determined exclusively by the management of each entity. Individuals covered under this agreement may receive such corporate performance-based bonuses from either or both entities.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their officers thereunto duly authorized as of the date first above written.

UTG, INC. FIRST SOUTHERN NATIONAL BANK

By: ___________________________ By: ____________________________

Theodore C. Miller Tommy Roberts

Sr. Vice President CEO

Attest: Attest:

______________________________ ________________________________

Bradley J. Betack Bradley J. Betack

Secretary Secretary

Shared Services Agreement FSNB/UTG Exhibit A

CLG

Name	FSNB %	UTG %
Joe Hafley	80%	20%
Leah Baker	20%	80%
Mike Taylor	80%	20%
Shay Pendygraft	20%	80%

Leadership

Name	FSNB %	UTG %
Baker Ellis	75%	25%
Brad Betack	50%	50%
Candice Brown	50%	50%
Christopher Davis	75%	25%
Daniel Roberts	50%	50%
Denise Henderson	25%	75%
Doug Ditto	25%	75%
Jess Correll	25%	75%
Julie Cox	50%	50%
Max Appel	85%	15%