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Into account, under Section 130 of the Code, with respect to this Agreement. Notwithstanding anything to the contrary contained In this Agreement, neither any Claimant nor any Successor Payee shall have any rights with respect to the Annuity or the payments thereunder that would cause any amount attributable to the Annuity to be currently Includible in the recipient's income or would otherwise affect the determination of when any recipient Is treated as having received any payment for income tax purposes, or would otherwise prevent this Agreement from satisfying all of the conditions for a "qualified assignment" within the meaning of Section 130(c) of the Code. S. Delivery of Payments. Assignee may have Annuity Issuer sand payments directly to a Claimant, or, If applicable, to a Successor Payee (as d6fllied In DoEflaraph 8 of this Aereoment), or deliver pa ments by electronic funds transfer to a depository Institution In the United States for credit (directly or Indirectly) to an insured account In the name of such Claimant or Successor Payee. Such direction of pa men under the Annuity shall not be deemed to afford the Claimant or any Successor Payee any rights of ownership or control of the Annuity. Each Claimant and any Successor Payee shall at all t(mes keep Annuity issuer apphsed of sucb Clalmanfa or Successor Payoo's cui runt street address and telephone number and, If such Claimant or Successor Payee receives payments by electronic funds transfer, the name, addresa, bank identifier number ((BIN) and telepphone number of the applicable depository Institution and the account number of the account to which the payments are to 8. Discharge of Llability, The Assignee's liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee by the Annuity Issuer. 7. Acceleration, Transfer of Payment Rights. None of the Periodic Payments and no rights to or Interest in any of the Periodic Payments (all of the foregoing being hereinafter collectively referred to as "Payment Rights") can be I. Accelerated, deferred, increased or decreased by any recipient of any of the Periodic Payments; or If.. Sold, assigned, pledged, hypothecated or otherwise transferred or encumbered, either directly or ndiroctly, unless such sale, assignment, pledge, hypothecation or othartransfer or encumbrance an such transartlon being hereiinafter referred to as a "TransfaW') has been approved in advance Ina "Qualified order" as defined In Section 5891(b)(2) of the Code (a "Qualifed Order") and otherwise complies with applicable state (aw, Including without limitation any applicable state structured settlement protection statute: No Claimant or Successor Payee shall have the power to effect any Transfer of Payment Rights except as provided In sub -paragraph (tl) above, and any other purported Transfer of Payment Rights shall be wholly void. If Payment Rights under this Agreement become the subject of a Transfer approved in accordance with sub-pparagraph (II) above the rights of any direct or Indirect transferee of such Transfer shall be subject to tha terms of this Agreement and any defense or claim in recoupment arising hereunder. 8, Beneficiaries. Any Periodic Payments to be made after the death of any Claimant or Successor Payee shall be made to such party as shall have been designated in, or in accordance with, the Settlement Agreement or, if the Settlement Agreement does not provide for such designation, then to tha party de ad in conformity with this paragraph B. Any party so designated is referred to in this Agreement as a "Beneficiary." If no Benefinfary Is livingg at the time of the death of a Claimant or Successor Payee, payment shall be made to the decedenfe estate, As used In this agreement the term "Successor Payee" refers to a Beneficiary or an estate that has become entitled to receive Periodic Payments following the death of a Claimant or a Successor Ps ea. Except as otherwise provided in the 5ettlem t Agreement, no designation or change of designation of a Beneficiary shall e effective unless such change (p is requested In a written request submitted to Assignee (or its authorized agent) in accordance with Assignee's customary procedures for processing such requests; and (li) Is confirmed by Assignee (or Its authorized agent). Except for a designation that is expressly Identified In the Sottiemant Agreement as Irrevocable, any designation of a Beneficiary shall be deamed to be revocable; an no party that is designated as a Beneficiary (other than a party irrevocably designated as a Beneficiary In the Set ament Agreement) shall, solely by virtue of its designation as a Beneficiary, be deemed to have any cognizable Interest in any Periodic Payments. Page 2 Vei^sion v12.00h•12.00 - CHAR