Exhibit 10.4

 

March 30, 2012

 

American General Life Insurance Company of Delaware

c/o SunAmerica Financial Group, Inc.

2727-A Allen Parkway

Houston, Texas 77019

Attention:  Chief Financial Officer

 

American General Life Insurance Company of Delaware

c/o SunAmerica Financial Group, Inc.

1999 Avenue of the Stars

Los Angeles, CA 90067

Attention:  General Counsel

 

Ladies and Gentlemen:

 

Reference is made to that certain Unconditional Capital Maintenance Agreement
dated as of March 30, 2011 (the “Capital Maintenance Agreement”) by and between
American International Group, Inc. and American General Life Insurance Company
of Delaware (the “Company”).  Capitalized terms, unless otherwise defined
herein, shall have the meanings set forth in the Capital Maintenance Agreement.

 

Pursuant to paragraph 3 of the Capital Maintenance Agreement, the undersigned
parties hereby agree that effective as of March 30, 2012, the Specified Minimum
Percentage shall equal 435%.  Accordingly, Schedule 1 to the Capital Maintenance
Agreement shall be restated as follows:

 

“The Specified Minimum Percentage shall equal 435% of the Company’s Company
Action Level RBC.”

 

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Yours sincerely,

 

 

 

AMERICAN INTERNATIONAL GROUP, INC.

 

 

 

 

 

By:

/s/ David L. Herzog

 

 

Name: David L. Herzog

 

 

Title: Executive Vice President and

 

 

Chief Financial Officer

 

Acknowledged and agreed:

 

AMERICAN GENERAL LIFE INSURANCE

COMPANY OF DELAWARE

 

 

By:

/s/ Don W. Cummings

 

 

Name: Don W. Cummings

 

 

Title: Senior Vice President

 

 

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