Exhibit 10.10

 

March 30, 2012

 

The Variable Annuity Life Insurance Company

2929 Allen Parkway

Houston, TX 77019

Attention:  Secretary

 

The Variable Annuity Life Insurance Company

2929 Allen Parkway

Houston, TX 77019

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 The Variable Annuity Life Insurance
Company (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:

 

THE VARIABLE ANNUITY LIFE INSURANCE COMPANY

 

 

By:

/s/ Michael J. Akers

 

 

Name: Michael J. Akers

 

 

Title: Executive Vice President

 

 

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