Exhibit 10.77

 

February 19, 2013

 

American General Life Insurance Company

c/o SunAmerica Financial Group, Inc.

2727-A Allen Parkway

Houston, Texas 77019

Attention:  Chief Financial Officer

 

American General Life Insurance Company

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 (as supplemented, the “Capital Maintenance
Agreement”) by and between American International Group, Inc. and American
General 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 February 19, 2013, the Specified
Minimum Percentage shall equal 385%.  Accordingly, Schedule 1 to the Capital
Maintenance Agreement shall be restated as follows:

 

“The Specified Minimum Percentage shall equal 385% of the Company’s Company
Action Level RBC.”

 

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Yours sincerely,

 

 

 

AMERICAN INTERNATIONAL GROUP, INC.

 

 

 

 

 

 

By:

/s/ Charles S. Shamieh

 

 

Name: Charles S. Shamieh

 

 

Title: Senior Vice President and Chief Corporate Actuary

 

 

 

 

Acknowledged and agreed:

 

 

 

AMERICAN GENERAL LIFE INSURANCE COMPANY

 

 

 

 

 

 

By:

/s/ Mary Jane B. Fortin

 

 

Name: Mary Jane B. Fortin

 

 

Title: Executive Vice President and Chief Financial Officer

 

 

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