Document:

Exhibit
10.1

MASTER AGREEMENT

AMONG

GENERAL ELECTRIC COMPANY,

GENERAL ELECTRIC CAPITAL CORPORATION,

GEI, INC.,

GE FINANCIAL ASSURANCE HOLDINGS, INC.

AND

GENWORTH FINANCIAL, INC.

Dated May     , 2004

 

 

 

TABLE
OF CONTENTS

 

	
  ARTICLE I

  	
  DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  1.1

  	
  Certain
  Definitions

  	
   

  
	
   

  	
   

  	
   

  
	
  1.2

  	
  Other Terms

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  THE SEPARATION

  	
   

  
	
   

  	
   

  	
   

  
	
  2.1

  	
  Transfer of
  Assets; Assumption of Liabilities; Consideration

  	
   

  
	
   

  	
   

  	
   

  
	
  2.2

  	
  Genworth Assets

  	
   

  
	
   

  	
   

  	
   

  
	
  2.3

  	
  Genworth
  Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  2.4

  	
  Termination of Agreements

  	
   

  
	
   

  	
   

  	
   

  
	
  2.5

  	
  DISCLAIMER OF
  REPRESENTATIONS AND WARRANTIES

  	
   

  
	
   

  	
   

  	
   

  
	
  2.6

  	
  Governmental
  Approvals and Consents; Delayed Transfer Assets and Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  2.7

  	
  Novation
  of Assumed Genworth Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  2.8

  	
  Novation of Liabilities
  other than Genworth Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  2.9

  	
  European Creditor Business

  	
   

  
	
   

  	
   

  	
   

  
	
  2.10

  	
  FACL
  Bonds

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  INTERCOMPANY
  TRANSACTIONS AS OF THE CLOSING DATE

  	
   

  
	
   

  	
   

  	
   

  
	
  3.1

  	
  Time and Place of
  Closing

  	
   

  
	
   

  	
   

  	
   

  
	
  3.2

  	
  Pre-Closing
  Transactions

  	
   

  
	
   

  	
   

  	
   

  
	
  3.3

  	
  Closing
  Transactions

  	
   

  
	
   

  	
   

  	
   

  
	
  3.4

  	
  Amended and Restated
  Certificate of Incorporation and Amended and Restated Bylaws

  	
   

  
	
   

  	
   

  	
   

  
	
  3.5

  	
  Transfers
  of Assets and Assumption of Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  3.6

  	
  Transfer
  of Excluded Assets; Assumption of Excluded Liabilities

  	
   

  
	
   

  	
   

  	
   

  
	
  3.7

  	
  The
  Initial Public Offering and the Concurrent Offerings

  	
   

  
	
   

  	
   

  	
   

  
	
  3.8

  	
  Rescission

  	
   

  
	
   

  	
   

  	
   

  
	
  3.9

  	
  European
  Transfers

  	
   

  
	
   

  	
   

  	
   

  
	
  3.10

  	
  Tax Matters

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  FINANCIAL AND OTHER INFORMATION

  	
   

  
	
   

  	
   

  	
   

  
	
  4.1

  	
  Annual Financial
  Information

  	
   

  

 

i

 

TABLE
OF CONTENTS

(continued)

 

	
  4.2

  	
  Quarterly Financial
  Information

  	
   

  
	
   

  	
   

  	
   

  
	
  4.3

  	
  GE’s
  Operating Reviews

  	
   

  
	
   

  	
   

  	
   

  
	
  4.4

  	
  General Financial
  Statement Requirements

  	
   

  
	
   

  	
   

  	
   

  
	
  4.5

  	
  Twenty
  Percent Threshold

  	
   

  
	
   

  	
   

  	
   

  
	
  4.6

  	
  GE Public
  Filings

  	
   

  
	
   

  	
   

  	
   

  
	
  4.7

  	
  GE
  Annual Statements

  	
   

  
	
   

  	
   

  	
   

  
	
  4.8

  	
  Fifty
  Percent Threshold

  	
   

  
	
   

  	
   

  	
   

  
	
  4.9 

  	
  Accountants’
  Reports 

  	
   

  
	
   

  	
   

  	
   

  
	
  4.10

  	
  Agreement
  for Exchange of Information; Archives

  	
   

  
	
   

  	
   

  	
   

  
	
  4.11

  	
  Ownership
  of Information

  	
   

  
	
   

  	
   

  	
   

  
	
  4.12

  	
  Compensation for
  Providing Information

  	
   

  
	
   

  	
   

  	
   

  
	
  4.13

  	
  Record
  Retention

  	
   

  
	
   

  	
   

  	
   

  
	
  4.14

  	
  Liability

  	
   

  
	
   

  	
   

  	
   

  
	
  4.15

  	
  Other
  Agreements Providing for Exchange of Information

  	
   

  
	
   

  	
   

  	
   

  
	
  4.16

  	
  Production
  of Witnesses; Records; Cooperation

  	
   

  
	
   

  	
   

  	
   

  
	
  4.17

  	
  Privilege

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  RELEASE; INDEMNIFICATION

  	
   

  
	
   

  	
   

  	
   

  
	
  5.1

  	
  Release of Pre-Closing
  Claims

  	
   

  
	
   

  	
   

  	
   

  
	
  5.2

  	
  General
  Indemnification by Genworth

  	
   

  
	
   

  	
   

  	
   

  
	
  5.3

  	
  General Indemnification
  by GE

  	
   

  
	
   

  	
   

  	
   

  
	
  5.4 

  	
  Registration
  Statement Indemnification 

  	
   

  
	
   

  	
   

  	
   

  
	
  5.5

  	
  Contribution

  	
   

  
	
   

  	
   

  	
   

  
	
  5.6

  	
  Indemnification
  Obligations Net of Insurance Proceeds and Other Amounts, On an After-Tax
  Basis

  	
   

  
	
   

  	
   

  	
   

  
	
  5.7

  	
  Procedures
  for Indemnification of Third Party Claims

  	
   

  
	
   

  	
   

  	
   

  
	
  5.8

  	
  Additional
  Matters

  	
   

  
	
   

  	
   

  	
   

  
	
  5.9

  	
  Remedies
  Cumulative; Limitations of Liability

  	
   

  
	
   

  	
   

  	
   

  
	
  5.10

  	
  Survival
  of Indemnities

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  OTHER AGREEMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  6.1

  	
  Further
  Assurances

  	
   

  

 

ii

 

TABLE
OF CONTENTS

(continued)

 

	
  6.2

  	
  Confidentiality

  	
   

  
	
   

  	
   

  	
   

  
	
  6.3

  	
  Insurance
  Matters

  	
   

  
	
   

  	
   

  	
   

  
	
  6.4

  	
  Allocation of Costs
  and Expenses

  	
   

  
	
   

  	
   

  	
   

  
	
  6.5 

  	
  Covenants
  Against Taking Certain Actions Affecting GE 

  	
   

  
	
   

  	
   

  	
   

  
	
  6.6

  	
  No Violations

  	
   

  
	
   

  	
   

  	
   

  
	
  6.7

  	
  Registration
  Statements

  	
   

  
	
   

  	
   

  	
   

  
	
  6.8

  	
  Charter
  Provision

  	
   

  
	
   

  	
   

  	
   

  
	
  6.9

  	
  Litigation and
  Settlement Cooperation

  	
   

  
	
   

  	
   

  	
   

  
	
  6.10

  	
  Continuation of
  Certain Arrangements

  	
   

  
	
   

  	
   

  	
   

  
	
  6.11

  	
  Future Intercompany
  Transactions

  	
   

  
	
   

  	
   

  	
   

  
	
  6.12

  	
  Use
  of Restricted Marks; Certain Commercial Arrangements

  	
   

  
	
   

  	
   

  	
   

  
	
  6.13

  	
  Committees

  	
   

  
	
   

  	
   

  	
   

  
	
  6.14

  	
  Genworth
  Bridge Loan

  	
   

  
	
   

  	
   

  	
   

  
	
  6.15

  	
  GE Policies

  	
   

  
	
   

  	
   

  	
   

  
	
  6.16

  	
  HomeBuyer
  Now Program; GE Relocation Program

  	
   

  
	
   

  	
   

  	
   

  
	
  6.17

  	
  Joint Management Committee

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  DISPUTE RESOLUTION

  	
   

  
	
   

  	
   

  	
   

  
	
  7.1

  	
  General
  Provisions

  	
   

  
	
   

  	
   

  	
   

  
	
  7.2

  	
  Consideration by
  Senior Executives

  	
   

  
	
   

  	
   

  	
   

  
	
  7.3

  	
  Mediation

  	
   

  
	
   

  	
   

  	
   

  
	
  7.4

  	
  Arbitration

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VIII

  	
  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  
	
  8.1

  	
  Corporate Power;
  Fiduciary Duty

  	
   

  
	
   

  	
   

  	
   

  
	
  8.2

  	
  Governing Law

  	
   

  
	
   

  	
   

  	
   

  
	
  8.3

  	
  Survival
  of Covenants

  	
   

  
	
   

  	
   

  	
   

  
	
  8.4

  	
  Force Majeure

  	
   

  
	
   

  	
   

  	
   

  
	
  8.5

  	
  Notices

  	
   

  
	
   

  	
   

  	
   

  
	
  8.6

  	
  Severability

  	
   

  
	
   

  	
   

  	
   

  
	
  8.7

  	
  Entire
  Agreement

  	
   

  

 

iii

 

TABLE
OF CONTENTS

(continued)

 

	
  8.8

  	
  Assignment; No Third-Party
  Beneficiaries

  	
   

  
	
   

  	
   

  	
   

  
	
  8.9

  	
  Public
  Announcements

  	
   

  
	
   

  	
   

  	
   

  
	
  8.10

  	
  Amendment

  	
   

  
	
   

  	
   

  	
   

  
	
  8.11

  	
  Rules
  of Construction

  	
   

  
	
   

  	
   

  	
   

  
	
  8.12 

  	
  Counterparts 

  	
   

  

 

iv

 

EXHIBITS

	
  A

  	
  Form of Transition
  Services Agreement

  
	
  B

  	
  Form of Registration
  Rights Agreement

  
	
  C

  	
  Form of Tax Matters
  Agreement

  
	
  D

  	
  Form of Employee
  Matters Agreement

  
	
  E

  	
  Form of Transitional
  Trademark License Agreement

  
	
  F

  	
  Form of Intellectual
  Property Cross License Agreement

  
	
  G

  	
  Form of Outsourcing
  Services Separation Agreement

  
	
  H

  	
  Form of European
  Transition Services Agreement

  
	
  I

  	
  Form of Investment
  Management Agreements

  
	
  J

  	
  Form of Viking
  Agreement

  
	
  K

  	
  Form of Liability and
  Portfolio Management Agreements

  
	
  L

  	
  Form of Asset
  Management Services Agreement

  
	
  M

  	
  Form of UK Transfer
  Plan

  
	
  N

  	
  Form of French Transfer
  Plan

  
	
  O

  	
  Form of Derivatives
  Management Services Agreement

  
	
  P

  	
  Form of European Tax
  Matters Agreements

  
	
  Q

  	
  Form of Framework
  Agreement

  
	
  R

  	
  Form of Mortgage
  Services Agreement

  
	
  S

  	
  Form of UFLIC ESG
  Services Agreement

  
	
  T

  	
  French Transfer
  Agreement

  
	
  U

  	
  Form of Capital
  Maintenance Agreement

  
	
  V

  	
  Form of JLIC Recapture
  Agreement

  
	
  W

  	
  Form of Long-Term Care
  Retrocession Agreement

  
	
  X

  	
  Form of Medicare
  Supplement Reinsurance Agreement

  
	
  Y

  	
  Form of Structured
  Settlement Annuity Reinsurance Agreements

  
	
  Z

  	
  Form of Variable
  Annuity Reinsurance Agreements

  
	
  AA

  	
  Form of Trust Agreements

  
	
  BB

  	
  Form of Business
  Services Agreement

  
	
  CC

  	
  Form of Genworth
  Contingent Note

  
	
  DD

  	
  Form of Genworth
  Promissory Note

  
	
  EE

  	
  Plan of Divestiture

  
	
  FF

  	
  FACL Reinsurance
  Agreement

  
	
  GG

  	
  Form of FACL Fall-back
  Stock Transfer Agreement

  
	
  HH

  	
  FICL Reinsurance
  Agreement

  
	
  II

  	
  Form of International
  Tax Matters Agreements

  
	
  JJ

  	
  Form of French
  Reinsurance Agreement

  
	
  KK

  	
  Joint Management
  Committee Letter Agreement

  
	
  LL

  	
  Form of Amended and
  Restated Certificate of Incorporation

  
	
  MM

  	
  Form of Amended and
  Restated Bylaws

  
	
  NN

  	
  Form of Viking Stock
  Purchase Agreement

  
	
  OO

  	
  Form of Tax Matters
  Agreement (GECA 338 Election)

  
	
  PP

  	
  Form of Tax Matters
  Agreement (Genworth 338 Election)

  
	
   

  	
   

  

 

v

 

SCHEDULES

	
  Schedule 1.1

  	
  Discontinued Businesses

  
	
  Schedule 1.1(a)

  	
  Supply and Vendor Contracts

  
	
  Schedule 1.1(b)

  	
  GEFAHI Contracts

  
	
  Schedule 1.1(e)

  	
  Genworth Contracts

  
	
  Schedule 2.1(a)

  	
  Plan of Separation

  
	
  Schedule 2.1(b)

  	
  Delayed Transfer Assets

  
	
  Schedule 2.2(a)(i)

  	
  Genworth Assets

  
	
  Schedule 2.2(a)(ii)(B)

  	
  Capital Stock GE Subsidiaries

  
	
  Schedule 2.2(a)(ii)(C)

  	
  Capital Stock GE Affiliates

  
	
  Schedule 2.2(b)(i)

  	
  Excluded Assets

  
	
  Schedule 2.2(b)(ii)

  	
  Excluded Contracts

  
	
  Schedule 2.3(a)(i)

  	
  Genworth Liabilities

  
	
  Schedule 2.3(b)(iv)

  	
  Excluded Liabilities

  
	
  Schedule 2.4(b)(ii)

  	
  Continuing Agreements

  
	
  Schedule 2.4(b)(iii)

  	
  GE Guarantees

  
	
  Schedule 2.9

  	
  European Creditor Business Entities

  
	
  Schedule 3.2(d)

  	
  JLIC Surplus Notes

  
	
  Schedule 3.2(f)

  	
  Dividends

  
	
  Schedule 3.9(a)

  	
  Consideration Under French Transfer Agreement

  
	
  Schedule 3.9(c)

  	
  Adjustments to Consideration

  
	
  Schedule 4.1

  	
  Annual Corporate Reporting Data

  
	
  Schedule 4.2(a)

  	
  First and Second Quarter Corporate Reporting Data

  
	
  Schedule 4.2(b)

  	
  Third Quarter Corporate Reporting Data

  
	
  Schedule 4.3

  	
  FP&A Reports

  
	
  Schedule 4.8

  	
  Monthly Financial Information 

  
	
  Schedule 5.2(d)

  	
  Transaction Documents — Genworth Indemnification

  
	
  Schedule 5.3(c)

  	
  Transaction Documents — GE Indemnification

  
	
  Schedule 5.4

  	
  GE Indemnification

  
	
  Schedule 6.3

  	
  Insurance Coverage

  
	
  Schedule 6.5(b)

  	
  GE Contracts

  
	
  Schedule 6.10

  	
  Continuation of Certain Arrangements

  
	
  Schedule 6.12(b)(i)(B)

  	
  Business Activities

  
	
  Schedule 6.15

  	
  GE Policies

  
	
  Schedule 7.1

  	
  Transaction Documents — Dispute Resolution

  

 

vi

 

MASTER AGREEMENT

MASTER AGREEMENT, dated
May     , 2004 (this “Agreement”), among
General Electric Company, a New York corporation (“GE”), General
Electric Capital Corporation, a Delaware corporation (“GECC”), GEI,
Inc., a Delaware corporation (“GEI”), GE Financial Assurance Holdings,
Inc., a Delaware corporation (“GEFAHI”, and collectively with GE, GEI
and GECC, the “GE Parties”), and Genworth Financial, Inc., a Delaware
corporation (“Genworth”). 
Certain terms used in this Agreement are defined in Section 1.1.

W I T N E S S E T H:

WHEREAS, the boards of directors of GE and GECC have
determined that it is in the best interests of GE, GECC and their respective
stockholders to divest the Genworth Group into a separate business, and the
board of directors of GECC has adopted the Plan of Divestiture for the purpose
of divesting a controlling interest in the stock of Genworth;

WHEREAS, Genworth has been incorporated solely for
these purposes and has not engaged in activities except in preparation for its
corporate reorganization and the sale of its stock;

WHEREAS, in furtherance of the foregoing, the boards
of directors of GE, GECC and GEFAHI and the board of directors of Genworth have
determined that it is appropriate and desirable to transfer the Genworth Assets
to Genworth and its Subsidiaries and to cause Genworth and certain of its
Subsidiaries designated by Genworth to assume the Genworth Liabilities, all as
more fully described in this Agreement and the Transaction Documents;

WHEREAS, the boards of directors of GE and GEFAHI have
further determined that it is appropriate and desirable to divest (i) a portion
of GEFAHI’s interest in the Genworth Common Stock through the Initial Public
Offering registered under the Securities Act, (ii) all of GEFAHI’s interest in
the Genworth Equity Units and (iii) all of GEFAHI’s interest in the Series A
Preferred Stock, concurrently with the closing of the Separation and the other
transactions contemplated by this Agreement, and the board of directors of
Genworth has further determined that it is appropriate and desirable to facilitate
the Initial Public Offering and the Concurrent Offerings;

WHEREAS, pursuant to the Plan of Divestiture, GECC
plans to dispose of additional stock of Genworth so that within two years
following the Initial Public Offering GECC will own in the aggregate less than
50% of the outstanding stock of Genworth and as soon or reasonably practicable
thereafter will own in the aggregate less than 20% of the outstanding stock of
Genworth; and

WHEREAS, it is appropriate and desirable to set forth
the principal corporate transactions required to effect the Separation and
certain other agreements that will, following the consummation of the Initial
Public Offering and the Concurrent 

 

1

 

Offerings,
govern certain matters relating to the Separation and the Initial Public
Offering and the relationship of GE, Genworth and their respective
Subsidiaries.

 

NOW, THEREFORE, in consideration of the premises and
the representations, warranties, covenants and agreements contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and intending to be legally bound hereby, the parties
hereby agree as follows:

ARTICLE I

DEFINITIONS

1.1           Certain
Definitions.  For purposes of
this Agreement, the following terms shall have the meanings specified in this Section 1.1:

“Action” means any demand, action, claim,
dispute, suit, countersuit, arbitration, inquiry, proceeding or investigation
by or before any federal, state, local, foreign or international Governmental
Authority or any arbitration or mediation tribunal.

“Affiliate” (and, with a correlative meaning, “affiliated”)
means, with respect to any Person, any direct or indirect subsidiary of such
Person, and any other Person that directly, or through one or more
intermediaries, controls or is controlled by or is under common control with
such first Person; provided, however, that from and after the
Closing Date, no member of the Genworth Group shall be deemed an Affiliate of
any member of the GE Group for purposes of this Agreement and the Transaction
Documents and no member of the GE Group shall be deemed an Affiliate of any
member of the Genworth Group for purposes of this Agreement and the Transaction
Documents.  As used in this definition,
“control” (including with correlative meanings, “controlled by”
and “under common control with”) means possession, directly or
indirectly, of power to direct or cause the direction of management or policies
or the power to appoint and remove a majority of directors (whether through
ownership of securities or partnership or other ownership interests, by
contract or otherwise).

“AML” means American Mayflower Life Insurance
Company of New York, a New York insurance company.

“Applicable Accounting Method” means the
applicable accounting method by which GE is required, in accordance with GAAP,
to account for its investment in Genworth (namely, on a consolidated basis,
under the equity method or under the cost method).

“Asset
Management Services Agreement” means the Asset Management Services
Agreement substantially in the form attached as Exhibit L by and among
Genworth, GEFAHI and GE Asset Management Incorporated and the related
agreements listed in that Exhibit.

 

2

 

“Assets”
means, with respect to any Person, the assets, properties and rights (including
goodwill) of such Person, wherever located (including in the possession of
vendors or other third parties or elsewhere), whether real, personal or mixed,
tangible, intangible or contingent, in each case whether or not recorded or
reflected or required to be recorded or reflected on the books and records or
financial statements of such Person, including the following:

 

(a)           all
accounting and other books, records and files whether in paper, microfilm,
microfiche, computer tape or disc, magnetic tape or any other form;

(b)           all
apparatus, computers and other electronic data processing equipment, fixtures,
machinery, equipment, furniture, office equipment, automobiles, trucks,
vessels, motor vehicles and other transportation equipment and other tangible
personal property;

(c)           all
interests in real property of whatever nature, including easements, whether as
owner, mortgagee or holder of a Security Interest in real property, lessor,
sublessor, lessee, sublessee or otherwise;

(d)           except
for the capital stock referred to in Section 2.2(a)(ii)(B) and Section 2.2(a)(ii)(C), all interests in any capital stock or other equity
interests of any Subsidiary or any other Person, all bonds, notes, debentures
or other securities issued by any Subsidiary or any other Person, all loans,
advances or other extensions of credit or capital contributions to any
Subsidiary or any other Person and all other investments in securities of any
Person;

(e)           all
license agreements, leases of personal property, open purchase orders for
supplies, parts or services and other contracts, agreements or commitments;

(f)            all
deposits, letters of credit and performance and surety bonds;

(g)           all
written technical information, data, specifications, research and development
information, engineering drawings, operating and maintenance manuals, and
materials and analyses prepared by consultants and other third parties;

(h)           all
domestic and foreign intangible personal property, patents, copyrights, trade
names, trademarks, service marks and registrations and applications for any of
the foregoing, mask works, trade secrets, inventions, designs, ideas,
improvements, works of authorship, recordings, other proprietary and
confidential information and licenses from third Persons granting the right to
use any of the foregoing;

(i)            all
computer applications, programs and other software, including operating
software, network software firmware, middleware, design software, design tools,
systems documentation and instructions;

(j)            all cost information, sales and pricing
data, customer prospect lists, supplier records, customer and supplier lists,
customer and vendor data, correspondence and lists, product literature, artwork,
design, formulations and specifications, quality 

3

 

records
and reports and other books, records, studies, surveys, reports, plans and
documents;

 

(k)           all prepaid expenses, trade accounts and
other accounts and notes receivables;

 

(l)            all
rights under contracts or agreements, all claims or rights against any Person
arising from the ownership of any Asset, all rights in connection with any bids
or offers and all claims, choses in action or similar rights, whether accrued
or contingent;

(m)          all
rights under insurance policies and all rights in the nature of insurance,
indemnification or contribution;

(n)           all
licenses, permits, approvals and authorizations which have been issued by any
Governmental Authority;

(o)           cash
or cash equivalents, bank accounts, lock boxes and other deposit arrangements;
and

(p)           interest
rate, currency, commodity or other swap, collar, cap or other hedging or
similar agreements or arrangements.

“Brookfield” means Brookfield Life Assurance
Company Limited, a Bermuda insurance company.

“Business Day” means a day other than a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by Law to close. 
Any event the scheduled occurrence of which would fall on a day that is
not a Business Day shall be deferred until the next succeeding Business Day.

“Business Services Agreement” means the
Business Services Agreement substantially in the form attached hereto as Exhibit
BB, by and between UFLIC and GNA.

“Capital Maintenance Agreement” means the
Capital Maintenance Agreement in substantially the form attached as Exhibit
U, between GE Capital and UFLIC.

“Class A Common Stock” means the Class A common
stock, $0.001 par value per share, of Genworth.

“Class B Common Stock” means the Class B common
stock, $0.001 par value per share, of Genworth.

“Code”
means the Internal Revenue Code of 1986, as amended.

 

4

 

“Concurrent
Offerings” means the registered public offerings by GEFAHI of Genworth
Equity Units and Series A Preferred Stock, each such offering to be made
concurrently with the Initial Public Offering.

 

“Consents” means any consent, waiver or
approval from, or notification requirement to, any third parties.

“Corporate Reporting Data” means the Corporate
Data Repository (CDR) submissions and data requirements, the Data Request (DR)
and Web Reporting Interface (WRI) submissions and data requirements, and the
Management’s Discussion and Analysis (MD&A) and Annual Report (A/R)
submissions and data requirements, as set forth in detail on Schedules 4.1
and 4.2(a) and (b).

“Debt Registration Statement” means the
registration statement on Form S-1 filed under the Securities Act
pursuant to which the Genworth Senior Notes will be registered.

“Debt Release Agreement” means

“Delayed Transfer Assets” means any Genworth
Assets that are expressly provided in this Agreement or any Transaction
Document to be transferred after the Closing Date.

“Delayed Transfer Legal
Entities” means Financial
Assurance Company Limited, Financial Insurance Company Limited, Consolidated
Insurance Group Limited, GE Financial Assurance Compania de Seguros y
Reaseguros de Vida SA and GE Financial Insurance Compania de Seguros y
Reaseguros SA.

“Delayed Transfer Liabilities” means any
Genworth Liabilities that are expressly provided in this Agreement or any
Transaction Document to be assumed after the Closing Date.

“Derivatives Management Services Agreement”
means the Derivatives Management Services Agreement in substantially the form
attached hereto as Exhibit O, to be entered into by and among GELAAC,
FHL, First Colony, GECA, Genworth, GNA and GECC.

“Employee Matters Agreement” means the Employee
Matters Agreement in substantially the form attached hereto as Exhibit D,
to be entered into by and between GE and Genworth.

“Equity Units Registration Statement” means the
registration statement on Form S-1 filed under the Securities Act (No.
333-               )
pursuant to which the Genworth Equity Units issued to GEFAHI and sold by GEFAHI
will be registered.

 “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended.

 

5

 

“European
Creditor Business” means the business of those entities set forth in Schedule
2.9 of this Agreement and the payment protection business of Vie Plus S.A.

 

“European Transition Services Agreement” means
the Transitional Services Agreement in substantially the form attached hereto
as Exhibit H, to be entered into by and between Financial Insurance
Group Services Limited and GE Life Services Limited.

“Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the SEC
thereunder, all as the same shall be in effect at the time that reference is
made thereto.

“Excluded Employee Liabilities” shall have the
meaning set forth in the Employee Matters Agreement.

“FACL” means Financial Assurance Company Limited.

“FACL Bond Portfolio” means the products known
as the guaranteed equity bonds, the guaranteed bonds, the flexible term
guaranteed bonds, the investment bonds, the flexible access bonds, the
individual non-creditor term assurances and structured settlements issued by
FACL to certain policyholders in the United Kingdom including any and all
rights, obligations and liabilities of FACL under all contracts entered into
with any policyholders of FACL in respect of such products.

“FACL Bonds” means the products known as the
guaranteed equity bonds, the guaranteed bonds, the flexible term guaranteed
bonds, the investment bonds, the flexible access bonds, the individual
non-creditor term assurances and structured settlements issued by FACL to
certain policyholders in the United Kingdom that are in force as at the UK
Transfer Date and including any and all rights, obligations and liabilities of
FACL under all contracts entered into with any policyholders of FACL in respect
of such products.

“FACL Fall-back Stock Transfer Agreement” means
the Stock Transfer Agreement in substantially the form attached hereto as Exhibit GG
to be entered into by and between GE Insurance Holdings Limited and GEFA UK
Holdings Limited as and when contemplated by Section 3.9.

“FACL Reinsurance
Agreement” means the Reinsurance Agreement, dated
                    ,
2004, by and between FACL and Viking as attached as Exhibit FF.

“FHL” means Federal Home Life Insurance
Company, a Virginia insurance company.

“FICL Reinsurance Agreement” means the Reinsurance Agreement,
dated
                    ,
2004, by and between Financial Insurance Company Limited and Viking as attached
as Exhibit HH.

 

6

 

“FINCL”
means Financial New Life Company Limited.

 

“Financial Closing Date” means, as to each
fiscal quarterly or annual period of any member of the Genworth Group, the last
Saturday in such fiscal period.

“Firm Public Offering Shares” means the Class A
Common Stock sold in the Initial Public Offering, other than Class A Common
Stock sold as a result of exercise of the Over-Allotment Option by the
Underwriters, and the Series A Preferred Stock sold in a Concurrent Offering.

“First Colony” means First Colony Life
Insurance Company, a Virginia insurance company.

“Force Majeure” means, with respect to a party,
an event beyond the control of such party (or any Person acting on its behalf),
which by its nature could not have been foreseen by such party (or such
Person), or, if it could have been foreseen, was unavoidable, and includes,
without limitation, acts of God, storms, floods, riots, fires, sabotage, civil
commotion or civil unrest, interference by civil or military authorities, acts
of war (declared or undeclared) or armed hostilities or other national or
international calamity or one or more acts of terrorism or failure of energy
sources.

“FP&A Reports” means the SRO data
requirements, the Session I and Session II data requirements and the Op Plan
data requirements, as set forth in detail on Schedule 4.3.

“Framework Agreement” means the Framework
Agreement between GEFA International Holdings, Inc. and General Electric
Capital Corporation, in substantially the form attached hereto as Exhibit Q.

“French Reinsurance
Agreement” means the Reinsurance Agreement, dated
                    ,
2004, by and between Vie Plus S.A. and RD Plus S.A. as attached as Exhibit
JJ.

“French Transfer Agreement” means the Business
Transfer Agreement in substantially the form attached hereto as Exhibit T
to be entered into by and between Vie Plus S.A. and Financial New Life Company
Limited.

“French Transfer Plan” means the Agreement on
Transfer of a Portfolio of Insurance Contracts in substantially the form
attached as Exhibit N to be entered into by and between Vie Plus S.A.
and FINCL.

“GAAP” means United States generally accepted
accounting principles.

“GE Group” means GE and each Person (other than
any member of the Genworth Group) that is an Affiliate of GE immediately after
the Closing.

“GECA”
means General Electric Capital Assurance Company, a Delaware insurance company.

 

7

 

“GECLANY”
means GE Capital Life Assurance Company of New York, a New York insurance
company.

 

“GEFA” means the GE Financial Assurance
operating unit within GE Capital.

“GELAAC” means GE Life and Annuity Assurance
Company, a Virginia insurance company.

“Genworth Balance Sheet” means Genworth’s
unaudited Pro Forma Combined Statement of Financial Position as of
December 31, 2003 included in the IPO Registration Statement.

“Genworth Bridge Loan” means the 180-day loan
to be obtained by Genworth in the amount of $2.4 billion, the proceeds of which
will be used to repay the Genworth Promissory Note.

“Genworth Business” means the businesses of (a)
the members of the Genworth Group; (b) GEFAHI; (c) the Delayed Transfer Legal
Entities and (d) those terminated, divested or discontinued businesses of the
members of Genworth Group, other than those listed on Schedule 1.1.

“Genworth Common Stock” means the Class A
Common Stock and the Class B Common Stock.

“Genworth Contingent Note” means the $550 million
Subordinated Contingent Promissory Note payable by Genworth to GEFAHI, in
substantially the form attached hereto as Exhibit CC.

“Genworth Contracts” means the following
contracts and agreements to which GE or any of its Affiliates is a party or by
which GE or any of its Affiliates or any of their respective Assets is bound,
whether or not in writing, except for any such contract or agreement that is
contemplated to be retained by GE or any member of the GE Group pursuant to any
provision of this Agreement or any Transaction Document:

(a)           any
supply or vendor contracts or agreements listed or described on Schedule 1.1(a) and any other supply or vendor contracts or agreements entered into
after the date hereof and prior to the Closing Date that relate primarily to
the Genworth Business;

(b)           any
contract or agreement entered into in the name of GEFAHI that is not listed on Schedule 1.1(b);

(c)           any
contract or agreement entered into in the name of, or expressly on behalf of,
any division, business unit or member of the Genworth Group;

(d)           any contract or agreement, including
any joint venture agreement, that relates primarily to the Genworth Business;

 

8

 

(e)           the contracts, agreements and other
documents listed or described on Schedule 1.1(e);

 

(f)            any guarantee, indemnity,
representation, warranty or other Liability of any member of the Genworth Group
or the GE Group in respect of (i) any other Genworth Contract, (ii) any
Genworth Liability or (iii) the Genworth Business; and

 

(g)           any contract or agreement that is
otherwise expressly contemplated pursuant to this Agreement or any of the
Transaction Documents to be assigned to Genworth or any member of the Genworth
Group.

 

“Genworth Credit Facilities” means the 364-day
and five-year revolving credit facilities in the aggregate amount of $2 billion
to be obtained by Genworth.

“Genworth Equity Units” means $600 million in
aggregate amount of Equity Units to be sold by GEFAHI.

“Genworth Group” means Genworth, each Subsidiary
of Genworth immediately after the Closing and each other Person that is either
controlled directly or indirectly by Genworth immediately after the Closing;
provided, that any Delayed Transfer Asset that is transferred to Genworth at
any time following the Closing shall, to the extent applicable, be considered
part of the Genworth Group for all purposes of this Agreement.

“Genworth Promissory Note” means the $2.4
billion Promissory Note payable by Genworth to GEFAHI, in substantially the
form attached hereto as Exhibit DD.

“Genworth Senior Notes” means approximately
$1.9 billion aggregate principal amount of senior notes to be issued by
Genworth, the proceeds of which will be used to repay approximately $1.9
billion of the Genworth Bridge Loan.

“GNA” means GNA Corporation.

“Governmental Approvals” means any notice,
report or other filing to be made with, or any consent, registration, approval,
permit or authorization to be obtained from, any Governmental Authority.

“Governmental Authority”  means any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government, including any governmental authority, agency, department, board,
commission or instrumentality whether federal, state, local or foreign (or any
political subdivision thereof), and any tribunal, court or arbitrator(s) of
competent jurisdiction.

“Group”
means the GE Group or the Genworth Group, as the context requires.

 

9

 

“Information”
means information, whether or not patentable or copyrightable, in written,
oral, electronic or other tangible or intangible forms, stored in any medium,
including studies, reports, records, books, contracts, instruments, surveys,
discoveries, ideas, concepts, know-how, techniques, designs, specifications,
drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data,
computer data, disks, diskettes, tapes, computer programs or other software,
marketing plans, customer names, communications by or to attorneys (including
attorney-client privileged communications), memoranda and other materials
prepared by attorneys or under their direction (including attorney work
product), and other technical, financial, employee or business information or
data.

 

“Initial Public Offering” means the initial
public offering of Genworth Common Stock.

“Insurance Policies” means the insurance
policies written by insurance carriers, including those affiliated with GE and
any self-insurance arrangements, pursuant to which Genworth or one or more of
its Subsidiaries (or their respective officers or directors) will be insured
parties after the Closing Date.

“Insurance Proceeds” means those monies: (a)
received by an insured from an insurance carrier; (b) paid by an insurance
carrier on behalf of the insured; or (c) received (including by way of set off)
from any third party in the nature of insurance, contribution or
indemnification in respect of any Liability; in any such case net of any
applicable premium adjustments (including reserves and retrospectively rated
premium adjustments) and net of any costs or expenses incurred in the
collection thereof.

“Intellectual Property Cross License Agreement”
means the Intellectual Property Cross License Agreement in substantially the
form attached hereto as Exhibit F, to be entered into by and between GE
and Genworth.

“International Tax Matters Agreements” means
(i) the Canadian Tax Matters Agreement in substantially the form attached
hereto as Exhibit II-1, to be entered into by and among GE, GECC,
GECMIC Holdings Inc., GE Capital Mortgage Insurance Company (Canada) and
Genworth, (ii) the European Tax Matters Agreement in substantially the form
attached hereto as Exhibit II-2, to be entered into by and among
GE, GECC, IGE USA Investments, Consolidated Insurance Holdings Limited, FACL,
Financial Insurance Group Services Company Limited, GE Capital SAS, GEFA
International Holdings Inc., UK Group Holding Company Limited, Genworth and
GEFA UK Holdings, (iii) the Taxation Management Agreement in substantially the
form attached hereto as Exhibit II-3, to be entered into by and
among Genworth, GECC and GE and (iv) the Taxation Management (Stub Period
Payments) Agreement in substantially the form attached hereto as Exhibit II-4,
to be entered into by and among GE Capital Australia, GE Mortgage Insurance
Company Pty Limited, Genworth, GECC and GE.

“Investment
Management Agreements” means (i) the Amended and Restated Investment
Management and Services Agreements in substantially the form 

 

10

 

attached
hereto as Exhibit I, to be entered into by and among GE Asset Management
Incorporated and certain members of the Genworth Group, (ii) the Investment
Management Agreements in substantially the form attached hereto as Exhibit I,
to be entered into by and between GE Asset Management Incorporated and GNA,
(iii) the Investment Management Agreement in substantially the form attached
hereto as Exhibit I to be entered into by and among GE Asset Management
Limited and each of Financial Assurance Company Limited, GE Mortgage Insurance
Limited, RD Plus S.A., Financial Insurance Guernsey PCC Limited, GE Financial
Assurance Compania de Seguros y Reaseguros de Vida SA and GE Financial
Insurance Compania de Seguros y Reaseguros SA.

 

“IP Application” means any application for the
registration, acquisition or perfection of intellectual property rights,
including patent applications, copyright applications and trademark
applications.

“IPO Registration Statement” means the registration
statement on Form  S-1 filed under the
Securities Act (No. 333-112009) pursuant to which the Genworth Common Stock to
be issued to GEFAHI and sold by GEFAHI in the Initial Public Offering will be
registered.

“IRS” means the United States Internal Revenue
Service.

“JLIC Recapture Agreement” means the Recapture
Agreement in substantially the form attached as Exhibit V, to be entered
into by and between Jamestown Life Insurance Company and GECA.

“Law” means any federal, state, local or
foreign law (including common law), statute, code, ordinance, rule, regulation
or other requirement enacted, promulgated, issued or entered by a Governmental
Authority.

“Liabilities” means any debt, loss, damage,
adverse claim, liability or obligation of any Person (whether direct or
indirect, known or unknown, asserted or unasserted, absolute or contingent,
accrued or unaccrued, liquidated or unliquidated, or due or to become due, and
whether in contract, tort, strict liability or otherwise), and including all
costs and expenses relating thereto.

“Liability and Portfolio Management Agreements”
means the Liability and Portfolio Management Agreements in substantially the
forms attached hereto as Exhibit K by and between (1) Trinity Plus
Funding Company, LLC and Genworth Financial Asset Management, LLC, (2) Trinity
Funding Company, LLC and Genworth Financial Asset Management, LLC and (3) FGIC
Capital Market Services, Inc., Genworth Financial Asset Management, LLC and
General Electric Capital Corporation.

“Licensed Marks” shall have the meaning
specified in the Transition Trademark Agreement.

“Long-Term Care
Retrocession Agreements” means the Retrocession Agreements in substantially
the form attached hereto as Exhibit W, to be entered into by 

 

11

 

and
between UFLIC, on the one hand, and each of GECA and GECLANY, on the other
hand.

 

“Medicare Supplement Reinsurance Agreement”
means the Coinsurance Agreement in substantially the form attached hereto as Exhibit
X, to be entered into by and between UFLIC and FHL.

“Mortgage Services  Agreement” means the
Mortgage Services Agreement substantially in the form attached hereto as Exhibit
R to be entered into by and between GE Mortgage Services, LLC and GE
Mortgage Holdings, LLC.

“Outsourcing Services Separation Agreement”
means the Outsourcing Services Separation Agreement in substantially the form
attached hereto as Exhibit G, to be entered into by and among GE, GECC,
GE Capital International Services and Genworth.

“Over-Allotment Option” means the
over-allotment option that may be exercised by the underwriters of the Initial
Public Offering pursuant to the Underwriting Agreements relating to the Initial
Public Offering and the offering of the Series A Preferred Stock.

“Person” means any individual, corporation,
partnership, firm, joint venture, association, joint-stock company, trust,
unincorporated organization, Governmental Authority or other entity.

“Plan of Divestiture” means the plan of
divestiture adopted by the board of directors of GECC attached hereto as Exhibit
EE.

“Pre-Closing Documents” means the Debt Release
Agreement, the FACL Reinsurance Agreement, the FICL Reinsurance Agreement and
the French Reinsurance Agreement.

“Prospectus” means the prospectus or
prospectuses included in any of the Registration Statements, as amended or
supplemented by any prospectus supplement and by all other amendments and
supplements to any such prospectus, including post-effective amendments and all
material incorporated by reference in such prospectus or prospectuses.

“Registration Rights Agreement” means the
Registration Rights Agreement in substantially the form attached hereto as Exhibit
B, to be entered into by and between GEFAHI and Genworth.

“Registration
Statements” means the IPO Registration Statement, the Equity Units
Registration Statement, the Series A Preferred Stock Registration Statement and
the Debt Registration Statement, including in each case the Prospectus related
thereto, amendments and supplements to any such Registration Statement,
including post-effective amendments, all exhibits and all materials
incorporated by reference in any such Registration Statement and Prospectus.

 

12

 

“Reinsurance
Agreements” means the Long-Term Care Retrocession Agreements, the
Structured Settlement Annuity Reinsurance Agreements, the Variable Annuity
Reinsurance Agreements, and the Medicare Supplement Reinsurance Agreement.

 

“Restricted Marks” means the Licensed Marks and
the name “General Electric.”

“SEC” means the Securities and Exchange
Commission.

“Securities Act” means the Securities Act of
1933, as amended.

“Security Interest” means any mortgage,
security interest, pledge, lien, charge, claim, option, right to acquire,
voting or other restriction, right-of-way, covenant, condition, easement,
encroachment, restriction on transfer, or other encumbrance of any nature
whatsoever.

“Separation” means the transfer of the Genworth
Assets to Genworth and its Subsidiaries and the assumption by Genworth and its
Subsidiaries of the Genworth Liabilities, and the transfer of certain Excluded
Assets to GE and its Subsidiaries and the assumption by GE and its Subsidiaries
of certain Excluded Liabilities, all as more fully described in this Agreement
and the Transaction Documents.

“Series A Preferred Stock” means the series A
cumulative preferred stock, $.001 par value per share, of Genworth.

“Series A Preferred Stock Registration Statement”
means the registration statement on Form S-1 filed under the Securities Act
(No. 333-   ) pursuant to which the
Series A Preferred Stock issued to GEFAHI and sold by GEFAHI will be
registered.

“Structured Settlement Annuity Reinsurance
Agreements” means the Coinsurance Agreements in substantially the form
attached as Exhibit Y hereto, to be entered into by and between UFLIC,
on the one hand, and each of First Colony, FHL, GELAAC, GECA, GECLANY and AML,
on the other hand.

“Subsidiary” or “subsidiary” means, with
respect to any Person, any corporation, limited liability company, joint
venture or partnership of which such Person (a) beneficially owns, either
directly or indirectly, more than fifty percent (50%) of (i) the total combined
voting power of all classes of voting securities of such entity, (ii) the total
combined equity interests, or (iii) the capital or profit interests, in the
case of a partnership; or (b) otherwise has the power to vote, either directly
or indirectly, sufficient securities to elect a majority of the board of
directors or similar governing body.

“Tax”  means all federal, state, provincial,
territorial, municipal, local or foreign income, profits, franchise, gross
receipts, environmental (including taxes under Code Section 59A), customs,
duties, net worth, sales, use, goods and services, withholding, value added, ad valorem, employment, social security,
disability, occupation, pension, real property, personal property (tangible and
intangible), stamp,

 

13

 

transfer, conveyance, severance, production, excise, premium,
retaliatory and other taxes, withholdings, duties, levies, imposts, guarantee fund assessments and other
similar charges and assessments (including any and all fines, penalties and
additions attributable to or otherwise imposed on or with respect to any such
taxes, charges, fees, levies or other assessments, and interest thereon)
imposed by or on behalf of any Taxing Authority, in each case whether such Tax
arises by Law, contract, agreement or otherwise.

 

“Tax Returns”
means any report, return, declaration, claim for refund, information report or
return or statement required to be supplied to a Taxing Authority in connection
with Taxes, including any schedule or attachment thereto or amendment thereof.

 

“Taxing Authority” means any Governmental Authority
exercising any authority to impose, regulate, levy, assess or administer the
imposition of any Tax.

“Tax Matters Agreement” means the Tax Matters
Agreement, in substantially the form attached hereto as Exhibit C, to be
entered into by and among GE, GECC, GEI, GEFAHI and Genworth.

“Transactions” means, collectively, (i) the
Separation, (ii) the Initial Public Offering and (iii) all other transactions
contemplated by this Agreement or any Transaction Document.

“Transition Services Agreement” means the Transition
Services Agreement in substantially the form attached hereto as Exhibit A,
to be entered into by and among GE, GECC, GEI, GEFAHI, GNA and Genworth and GE
Mortgage Holdings, LLC.

“Transitional Trademark License Agreement”
means the Transitional Trademark License Agreement in substantially the form
attached hereto as Exhibit E, to be entered into by and between GE and
Genworth.

“Trigger Date” means the first date on which
members of the GE Group cease to beneficially own (excluding for such purposes shares
of Genworth Common Stock beneficially owned by GE but not for its own account,
including (in such exclusion) beneficial ownership which arises by virtue of
some entity that is an Affiliate of GE being a sponsor of or advisor to a
mutual or similar fund that beneficially owns shares of Genworth Common Stock)
more than fifty percent (50%) of the outstanding Genworth Common Stock.

“Trust
Agreements” means the (i) Trust Agreements in substantially the form
attached hereto as Exhibit AA, to be entered into by and among UFLIC and
The Bank of New York, as trustee, on the one hand, and each of AML, First
Colony, FHL, GELAAC, GECA, and GECLANY and (ii) the Trust Agreement to be
entered into by and among FHL and The Bank of New York, as Trustee, and UFLIC.

 

14

 

“UFLIC”
means Union Fidelity Life Insurance Company, an Illinois insurance company.

 

“UFLIC Agreements” means the Recapture
Agreement to be entered into by and between GELAAC and UFLIC, the Recapture
Agreement to be entered into by and between GECLANY and UFLIC and the
Administrative Services Agreement to be entered into by and between UFLIC and
First Colony.

“UFLIC ESG Services Agreement” means the
Administrative Services Agreement in substantially the form attached as Exhibit
S, to be entered into by and between UFLIC and GE Group Life Assurance
Company.

“UK Transfer Date” means the earlier of (i) the
date on which the Assets and Liabilities of FACL are transferred to FINCL
pursuant to the UK Transfer Plan and (ii) the date on which all the shares of
FACL are transferred into Genworth under the FACL Fall-back Stock Transfer
Agreement.

“UK Transfer Plan” means the Scheme for the
Transfer to Financial New Life Company Limited of the insurance business of
Financial Assurance Company Limited in substantially the form attached hereto
as Exhibit M. 

“Underwriters” means the managing underwriters
for the Initial Public Offering.

“Underwriting Agreements” means the
Underwriting Agreements to be entered into by and among GEFAHI, Genworth and
the Underwriters in connection with the offering of Genworth Common Stock by
GEFAHI in the Initial Public Offering and the offering of Series A Preferred
Stock and Equity Units by GEFAHI in the Concurrent Offerings.

“Variable Annuity Reinsurance Agreements” means
the Reinsurance Agreements in substantially the form attached hereto as Exhibit
Z, to be entered into by and between UFLIC, on the one hand, and each of
GELAAC and GECLANY, on the other hand.

“Viking” means Viking Insurance Company, Ltd.,
a Bermuda corporation.

“Viking Agreement” means the Agreement
Regarding Continued Reinsurance of Insurance Products in substantially the form
attached hereto as Exhibit J, to be entered into between GECC and
Viking.

“Viking Stock Purchase Agreement” means the
Stock Purchase Agreement in substantially the form attached hereto as Exhibit NN,
to be entered into between GELCO Corporation and GEFAHI.

1.2           Other Terms.  For purposes of this Agreement, the
following terms have the meanings set forth in the sections indicated.

15

 

	
  Term

  	
   

  	
  Section

  
	
  After-Tax Basis

  	
   

  	
  5.6(c)

  
	
  Agreement

  	
   

  	
  Recitals

  
	
  Closing

  	
   

  	
  3.1

  
	
  Closing Date

  	
   

  	
  3.1

  
	
  CPR

  	
   

  	
  7.3

  
	
  CPR Arbitration Rules

  	
   

  	
  7.4(a)

  
	
  Dispute

  	
   

  	
  7.1(a)

  
	
  Excluded Assets

  	
   

  	
  2.2(b)

  
	
  Excluded Liabilities

  	
   

  	
  2.3(b)

  
	
  FACL Bond Portfolio Reinsurance

  	
   

  	
  2.10(a)

  
	
  GE

  	
   

  	
  Recitals

  
	
  GE Annual Statements

  	
   

  	
  4.7

  
	
  GE Auditors

  	
   

  	
  4.7(a)

  
	
  GE Confidential Information

  	
   

  	
  6.2(b)

  
	
  GE Guarantees

  	
   

  	
  2.4(b)(iii)

  
	
  GE Indemnified Parties

  	
   

  	
  5.2

  
	
  GE Parties

  	
   

  	
  Recitals

  
	
  GE Policies

  	
   

  	
  6.15

  
	
  GE Public Filings

  	
   

  	
  4.6

  
	
  GE Transfer Documents

  	
   

  	
  3.5

  
	
  GECC

  	
   

  	
  Recitals

  
	
  GEI

  	
   

  	
  Recitals

  
	
  GEFAHI

  	
   

  	
  Recitals

  
	
  Genworth

  	
   

  	
  Recitals

  
	
  Genworth Assets

  	
   

  	
  2.2(a)

  
	
  Genworth Auditors

  	
   

  	
  4.7(a)

  
	
  Genworth Confidential Information

  	
   

  	
  6.2(a)

  
	
  Genworth Indemnified Parties

  	
   

  	
  5.3

  
	
  Genworth Information

  	
   

  	
  4.5(g)

  
	
  Genworth Liabilities

  	
   

  	
  2.3(a)

  
	
  Genworth Public Documents

  	
   

  	
  4.5(e)

  
	
  Genworth Transfer Documents

  	
   

  	
  3.6(a)(iii)

  
	
  Indemnified Party

  	
   

  	
  5.6(a)

  
	
  Indemnifying Party

  	
   

  	
  5.6(a)

  
	
  Indemnity Payment

  	
   

  	
  5.6(a)

  
	
  Initial Notice

  	
   

  	
  7.2

  
	
  Privilege

  	
   

  	
  4.17

  
	
  Registration Indemnified Parties

  	
   

  	
  5.4(a)

  
	
  Reinsurance-Related Documents

  	
   

  	
  3.2(a)

  
	
  Representatives

  	
   

  	
  6.2(a)

  
	
  Response

  	
   

  	
  7.2

  
	
  Tax Agreements

  	
   

  	
  3.10(a)

  
	
  Third Party Claim

  	
   

  	
  5.7(a)

  
	
  Transaction Documents

  	
   

  	
  3.3(b)

  
	
  Transfer Documents

  	
   

  	
  3.6(a)(iii)

  

 

16

 

ARTICLE II

THE SEPARATION

2.1           Transfer of Assets; Assumption of
Liabilities; Consideration.

(a)           Subject to Section 3.8,
immediately following the execution and delivery of the Underwriting Agreements
by each of the parties thereto, in accordance with the plan and structure set
forth on Schedule 2.1(a):

(i)            GE shall, and shall cause its
applicable Subsidiaries to, contribute, assign, transfer, convey and deliver to
Genworth or certain of its Subsidiaries designated by Genworth, and Genworth or
such Subsidiaries shall accept from GE and its applicable Subsidiaries, all of
GE’s and such Subsidiaries’ respective rights, titles and interests in and to
all Genworth Assets, other than the Delayed Transfer Assets;

(ii)           Genworth and certain of its
Subsidiaries designated by Genworth, shall accept, assume and agree faithfully
to perform, discharge and fulfill all the Genworth Liabilities, other than the
Delayed Transfer Liabilities, in accordance with their respective terms.  Genworth and such Subsidiaries shall be
responsible for all Genworth Liabilities, regardless of when or where such
Genworth Liabilities arose or arise, or whether the facts on which they are
based occurred prior to or subsequent to the Closing Date, regardless of where
or against whom such Genworth Liabilities are asserted or determined (including
any Genworth Liabilities arising out of claims made by GE’s or Genworth’s
respective directors, officers, employees, agents, Subsidiaries or Affiliates
against any member of the GE Group or the Genworth Group) or whether asserted
or determined prior to the date hereof, and, except as set forth in Section 2.3(b)(v),
regardless of whether arising from or alleged to arise from negligence,
recklessness, violation of Law, fraud or misrepresentation by any member of the
GE Group or the Genworth Group, or any of their respective directors, officers,
employees, agents, Subsidiaries or Affiliates; and

(iii)          Genworth shall issue to GEFAHI (A)
485,000,000  shares of Class B Common
Stock, (B) 2,000,000 shares of Series A Preferred Stock, (C) the Genworth
Promissory Note, (D) the Genworth Contingent Note and (E) the Genworth Equity
Units.

(b)           Each
of the parties hereto agrees that the Delayed Transfer Assets will be contributed,
assigned, transferred, conveyed and delivered, and the Delayed Transfer
Liabilities will be accepted and assumed, in accordance with the terms of the
applicable Transaction Documents or as otherwise set forth on Schedule 2.1(b).  Following such contribution,
assignment, transfer, conveyance and delivery of any Delayed Transfer Asset, or
the acceptance and assumption of any Delayed Transfer Liability, the applicable
Delayed Transfer Asset or Delayed Transfer Liability shall be 

 

17

 

treated for all purposes of this Agreement and the Transaction
Documents as a Genworth Asset or a Genworth Liability, as the case may be.

 

(c)           If
at any time or from time to time (whether prior to or after the Closing Date),
any party hereto (or any member of such party’s respective Group), shall
receive or otherwise possess any Asset that is allocated to any other Person
pursuant to this Agreement or any Transaction Document, such party shall
promptly transfer, or cause to be transferred, such Asset to the Person so
entitled thereto.  Prior to any such
transfer, the Person receiving or possessing such Asset shall hold such Asset
in trust for any such other Person.

 

(d)           Genworth
hereby waives compliance by each member of the GE Group with the requirements
and provisions of the “bulk-sale” or “bulk-transfer” Laws of any jurisdiction
that may otherwise be applicable with respect to the transfer or sale of any or
all of the Genworth Assets to any member of the Genworth Group.

 

2.2           Genworth Assets.

(a)           For purposes of this Agreement, “Genworth
Assets” shall mean (without duplication):

(i)            the Assets listed or described on Schedule 2.2(a)(i) and all other Assets that are expressly provided by this Agreement or
any Transaction Document as Assets to be transferred to Genworth or any other
member of the Genworth Group;

(ii)           (A) all Genworth Contracts, (B) all
issued and outstanding capital stock of the Subsidiaries of GE listed on Schedule 2.2(a)(ii)(B), and (C) the shares of capital stock of certain
entities held by GE as listed on Schedule 2.2(a)(ii)(C);

(iii)          subject to Section 6.3,
any rights of any member of the Genworth Group under any of the Insurance
Policies, including any rights thereunder arising after the Closing Date in
respect of any Insurance Policies;

(iv)          all Assets reflected as Assets of
Genworth and its Subsidiaries in the Genworth Balance Sheet, subject to any
dispositions of such Assets subsequent to the date of the Genworth Balance
Sheet; and

(v)           any
and all Assets owned or held immediately prior to the Closing Date by GE or any
of its Subsidiaries that are used primarily in the Genworth Business.  The intention of this clause (v) is only to
rectify any inadvertent omission of transfer or conveyance of any Assets that,
had the parties given specific consideration to such Asset as of the date
hereof, would have otherwise been classified as a Genworth Asset.  No Asset shall be deemed to be a Genworth
Asset solely as a result of this clause (v) if such Asset is within the category
or type of Asset expressly covered by the terms of a Transaction Document
unless the party claiming entitlement to such Asset can establish that the
omission of the transfer or conveyance of such Asset was inadvertent.  In addition, no Asset shall be deemed a
Genworth Asset solely as a result of this clause (v)

 

18

 

unless a claim with respect thereto is made by Genworth on or prior to
the later of (A) the Trigger Date and (B) the first anniversary of the Closing
Date.

 

Notwithstanding
the foregoing, the Genworth Assets shall not in any event include the Excluded
Assets referred to in Section 2.2(b).

 

(b)           For the purposes of this Agreement, “Excluded
Assets” shall mean:

(i)            the Assets listed or described on Schedule 2.2(b)(i);

(ii)           the contracts and agreements listed
or described on Schedule 2.2(b)(ii); and

(iii)          any and all Assets that are expressly
contemplated by this Agreement or any Transaction Document as Assets to be
retained by a GE Party or any other member of the GE Group.

2.3           Genworth Liabilities.

(a)           For the purposes of this Agreement, “Genworth
Liabilities” shall mean (without duplication):

(i)            the Liabilities listed or described
on Schedule 2.3(a)(i) and all other Liabilities that are expressly
provided by this Agreement or any Transaction Document as Liabilities to be
assumed by Genworth or any other member of the Genworth Group, and all
agreements, obligations and Liabilities of Genworth or any other member of the
Genworth Group under this Agreement or any of the Transaction Documents;

(ii)           all Liabilities, including any
employee-related Liabilities (other than Excluded Employee Liabilities)
relating to, arising out of or resulting from:

(A)          the operation of the Genworth
Business, as conducted at any time before, on or after the Closing Date
(including any Liability relating to, arising out of or resulting from any act
or failure to act by any director, officer, employee, agent or representative
(whether or not such act or failure to act is or was within such Person’s
authority));

(B)           the operation of any business
conducted by any member of the Genworth Group at any time after the Closing
Date (including any Liability relating to, arising out of or resulting from any
act or failure to act by any director, officer, employee, agent or
representative (whether or not such act or failure to act is or was within such
Person’s authority)); or

(C)           any
Genworth Assets (including any Genworth Contracts and any real property and
leasehold interests);

 

19

 

in any such case whether arising before, on or after
the Closing Date;

(iii)          all Liabilities reflected as
liabilities or obligations of Genworth or its Subsidiaries in the Genworth
Balance Sheet, subject to any discharge of such Liabilities subsequent to the
date of the Genworth Balance Sheet; and

(iv)          all Liabilities arising out of claims
made by GE’s or Genworth’s respective directors, officers, employees, agents,
Subsidiaries or Affiliates against any member of the GE Group or the Genworth
Group with respect to the Genworth Business.

(b)           For the purposes of this Agreement, “Excluded
Liabilities” shall mean (without duplication):

(i)            any and all Liabilities that are
expressly contemplated by this Agreement or any Transaction Document as
Liabilities to be retained or assumed by GE or any other member of the GE Group
(in each case other than Delayed Transfer Liabilities), and all agreements and
obligations of any member of the GE Group under this Agreement or any of the
Transaction Documents;

(ii)           any and all Liabilities of a member
of the GE Group relating to, arising out of or resulting from any Excluded
Assets;

(iii)          the Excluded Employee Liabilities;

(iv)          the Liabilities listed on Schedule 2.3(b)(iv);
and

(v)           any and all liabilities arising from
a knowing violation of Law, fraud or misrepresentation by any member of the GE
Group (other than, for periods prior to the Closing Date, GEFAHI or any Delayed
Transfer Legal Entity) or any of their respective directors, officers,
employees or agents (other than any individual who at the time of such act was
acting in his or her capacity as  a
director, officer, employee or agent of any member of the Genworth Group).

(c)           Any Liabilities of any member of the
GE Group not expressly referenced in Section 2.3(a) above are Excluded
Liabilities and all Excluded Liabilities shall not be Genworth Liabilities.

2.4           Termination of Agreements.

(a)           Except as set forth in Section 2.4(b), Genworth and each member of the Genworth Group, on the one hand, and
GE and each member of the GE Group, on the other hand, hereby terminate any and
all agreements, arrangements, commitments or understandings, whether or not in
writing, between or among Genworth or any member of the Genworth Group, on the
one hand, and GE or any member of the GE Group, on the other hand, effective as
of the Closing Date.  No such terminated
agreement, arrangement, commitment or understanding (including any provision
thereof which purports to survive termination) shall be of any further force or
effect after the Closing 

 

20

 

Date.  Each party shall, at the reasonable request
of any other party, take, or cause to be taken, such other actions as may be
necessary to effect the foregoing.

 

(b)           The provisions of Section 2.4(a) shall not apply to any of the following agreements, arrangements,
commitments or understandings (or to any of the provisions thereof):

(i)            this Agreement and the Transaction
Documents (and each other agreement or instrument expressly contemplated by
this Agreement or any Transaction Document to be entered into or continued by
any of the parties hereto or any of the members of their respective Groups);

(ii)           except to the extent redundant with
any provision of or service provided under this Agreement or any of the
Transaction Documents (including any exhibits or schedules thereto), the
agreements, arrangements, commitments and understandings listed or described on
Schedule 2.4(b)(ii);

(iii)          the guarantees, indemnification
obligations, surety bonds and other credit support agreements, arrangements,
commitments or understandings listed or described on Schedule 2.4(b)(iii)
(the “GE Guarantees”);

(iv)          any agreements, arrangements,
commitments or understandings to which any Person other than the parties hereto
and their respective Affiliates is a party (it being understood that to the
extent that the rights and obligations of the parties and the members of their
respective Groups under any such agreements, arrangements, commitments or
understandings constitute Genworth Assets or Genworth Liabilities, they shall
be assigned pursuant to Section 2.1);

(v)           any accounts payable or accounts
receivable between a member of the GE Group, on the one hand, and a member of
the Genworth Group, on the other hand, accrued as of the Closing Date and
reflected in the books and records of the parties or otherwise documented in
writing in accordance with past practices; provided, however,
that all such amounts must be settled within 90 days after the Closing Date
except as otherwise provided for in the Transaction Documents;

(vi)          any agreements, arrangements,
commitments or understandings to which any non-wholly owned Subsidiary of GE or
Genworth, as the case may be, is a party (it being understood that directors’
qualifying shares or similar interests will be disregarded for purposes of
determining whether a Subsidiary is wholly owned); and

(vii)         any other agreements, arrangements,
commitments or understandings that this Agreement or any Transaction Document
expressly contemplates will survive the Closing Date.

2.5           DISCLAIMER
OF REPRESENTATIONS AND WARRANTIES.  EACH OF GE (ON BEHALF OF ITSELF AND EACH MEMBER OF THE GE GROUP)
AND GENWORTH (ON BEHALF OF ITSELF AND EACH MEMBER OF 

 

21

 

THE GENWORTH GROUP)
UNDERSTANDS AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN ANY
TRANSACTION DOCUMENT, NO PARTY TO THIS AGREEMENT, ANY TRANSACTION DOCUMENT OR
ANY OTHER AGREEMENT OR DOCUMENT CONTEMPLATED BY THIS AGREEMENT, ANY TRANSACTION
DOCUMENT OR OTHERWISE, IS REPRESENTING OR WARRANTING IN ANY WAY AS TO THE
ASSETS, BUSINESSES OR LIABILITIES TRANSFERRED OR ASSUMED AS CONTEMPLATED HEREBY
OR THEREBY, AS TO ANY CONSENTS OR APPROVALS REQUIRED IN CONNECTION HEREWITH OR
THEREWITH, AS TO THE VALUE OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY
OTHER MATTER CONCERNING, ANY ASSETS OF SUCH PARTY, OR AS TO THE ABSENCE OF ANY
DEFENSES OR RIGHT OF SETOFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY
CLAIM OR OTHER ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE, OF ANY PARTY, OR AS TO
THE LEGAL SUFFICIENCY OF ANY ASSIGNMENT, DOCUMENT OR INSTRUMENT DELIVERED
HEREUNDER TO CONVEY TITLE TO ANY ASSET OR THING OF VALUE UPON THE EXECUTION,
DELIVERY AND FILING HEREOF OR THEREOF. 
EXCEPT AS MAY EXPRESSLY BE SET FORTH HEREIN OR IN ANY TRANSACTION
DOCUMENT, ALL SUCH ASSETS ARE BEING TRANSFERRED ON AN “AS IS,” “WHERE IS” BASIS
(AND, IN THE CASE OF ANY REAL PROPERTY, BY MEANS OF A QUITCLAIM OR SIMILAR FORM
DEED OR CONVEYANCE) AND THE RESPECTIVE TRANSFEREES SHALL BEAR THE ECONOMIC AND
LEGAL RISKS THAT (I) ANY CONVEYANCE SHALL PROVE TO BE INSUFFICIENT TO VEST IN
THE TRANSFEREE GOOD TITLE, FREE AND CLEAR OF ANY SECURITY INTEREST, AND (II)
ANY NECESSARY CONSENTS OR GOVERNMENTAL APPROVALS ARE NOT OBTAINED OR THAT ANY
REQUIREMENTS OF LAWS OR JUDGMENTS ARE NOT COMPLIED WITH.

2.6           Governmental Approvals and Consents;
Delayed Transfer Assets and Liabilities.

(a)           To the extent that the Separation
requires any Governmental Approvals or Consents, the parties will use their
commercially reasonable efforts to obtain such Governmental Approvals and
Consents; provided, however, that neither GE nor Genworth shall
be obligated to contribute capital in any form to any entity in order to obtain
such Governmental Approvals and Consents.

(b)           If and to the extent that the valid,
complete and perfected transfer or assignment to the Genworth Group of any
Genworth Assets or the assumption by the Genworth Group of any Genworth
Liabilities would be a violation of applicable Law or require any Consent or
Governmental Approval in connection with the Separation, or the Initial Public
Offering, then, unless the parties hereto mutually shall otherwise determine,
the transfer or assignment to the Genworth Group of such Genworth Assets or the
assumption by the Genworth Group of such Genworth Liabilities shall be
automatically deemed deferred and any such purported transfer, assignment or
assumption shall be null and void until such time as all legal impediments are
removed or such Consents or Governmental Approvals have been obtained.  Any such Liability

 

22

 

shall be deemed a Delayed
Transfer Liability.  Any such Asset
shall be deemed (i) a Delayed Transfer Asset and, (ii) notwithstanding the
foregoing, a Genworth Asset for purposes of determining whether any Liability
is a Genworth Liability.

 

(c)           If any transfer or assignment of any
Genworth Asset intended to be transferred or assigned hereunder or any
assumption of any Genworth Liability intended to be assumed by Genworth
hereunder (including without limitation all Assets and Liabilities of FACL
intended to be transferred to or assumed by FINCL pursuant to the UK Transfer
Plan and all Assets and Liabilities of 
Vie Plus SA intended to be transferred to or assumed by members of the
Genworth Group pursuant to the French Transfer Agreement or French Transfer
Plan) is not consummated on the Closing Date, whether as a result of the
provisions of Section 2.6(b) or for any other reason, then, insofar
as reasonably possible, (i) the Person retaining such Genworth Asset shall
thereafter hold such Genworth Asset for the use and benefit of the Person
entitled thereto (at the expense of the Person entitled thereto) and (ii)
Genworth shall, or shall cause its applicable Subsidiary to, pay or reimburse
the Person retaining such Genworth Liability for all amounts paid or incurred
in connection with such Genworth Liability. 
In addition, the Person retaining such Genworth Asset shall, insofar as
reasonably possible and to the extent permitted by applicable Law, treat such
Asset in the ordinary course of business in accordance with past practice and
take such other actions as may be reasonably requested by the Person to whom
such Genworth Asset is to be transferred in order to place such Person in the
same position as if such Genworth Asset had been transferred as contemplated
hereby and so that all the benefits and burdens relating to such Genworth
Asset, including possession, use, risk of loss, potential for gain, and
dominion, control and command over such Genworth Asset, is to inure from and
after the Closing Date to the Genworth Group.

(d)           If and when the Consents and
Governmental Approvals, the absence of which caused the deferral of transfer of
any Genworth Asset or the deferral of assumption of any Genworth Liability
pursuant to Section 2.6(b), are obtained, the transfer of the
applicable Genworth Asset or Genworth Liability shall be effected in accordance
with the terms of this Agreement and/or the applicable Transaction Document.

(e)           The Person retaining an Asset or
Liability due to the deferral of the transfer of such Asset or the deferral of
the assumption of such Liability shall not be obligated, in connection with the
foregoing, to expend any money unless the necessary funds are advanced (or
otherwise made available) by the Person entitled to the Asset or the Person
intended to be subject to the Liability, other than reasonable out-of-pocket
expenses, attorneys’ fees and recording or similar fees, all of which shall be
promptly reimbursed by the Person entitled to such Asset or the Person intended
to be subject to the Liability.

2.7           Novation of Assumed Genworth Liabilities.

(a)           Each of GE and Genworth, at the
request of the other, shall use its reasonable best efforts to obtain, or to
cause to be obtained, any consent, substitution,

 

23

 

approval or
amendment required to novate or assign all obligations under agreements,
leases, licenses and other obligations or Liabilities of any nature whatsoever
that constitute Genworth Liabilities, or to obtain in writing the unconditional
release of all parties to such arrangements other than any member of the
Genworth Group, so that, in any such case, Genworth and its Subsidiaries will
be solely responsible for such Liabilities; provided, however,
that neither GE nor Genworth shall be obligated to pay any consideration
therefor to any third party from whom any such consent, approval, substitution
or amendment is requested.

(b)           If GE or Genworth is unable to
obtain, or to cause to be obtained, any such required consent, approval,
release, substitution or amendment, the applicable member of the GE Group shall
continue to be bound by such agreement, lease, license or other obligation and,
unless not permitted by Law or the terms thereof, Genworth shall, as agent or
subcontractor for GE or such other Person, as the case may be, pay, perform and
discharge fully all the obligations or other Liabilities of GE or such other
Person that constitute Genworth Liabilities, as the case may be, thereunder
from and after the Closing Date. 
Genworth shall indemnify each GE Indemnified Party, and hold each of
them harmless against any Liabilities arising in connection therewith; provided
that pursuant hereto Genworth shall have no obligation to indemnify any
GE Indemnified Party that has engaged in any knowing violation of Law, fraud or
misrepresentation in connection therewith. 
GE shall, without further consideration, pay and remit, or cause to be
paid or remitted, to Genworth, promptly all money, rights and other
consideration received by it or any member of its Group in respect of such
performance (unless any such consideration is an Excluded Asset).  If and when any such consent, approval,
release, substitution or amendment shall be obtained or such agreement, lease,
license or other rights or obligations shall otherwise become assignable or
able to be novated, GE shall thereafter assign, or cause to be assigned, all
its rights, obligations and other Liabilities thereunder or any rights or
obligations of any member of its Group to Genworth without payment of further
consideration and Genworth shall, without the payment of any further
consideration, assume such rights and obligations.

2.8           Novation of Liabilities other
than Genworth Liabilities.

(a)           Each of GE and Genworth, at the
request of the other, shall use its reasonable best efforts to obtain, or to
cause to be obtained, any consent, substitution, approval or amendment required
to novate or assign all obligations under agreements, leases, licenses and
other obligations or Liabilities for which a member of the GE Group and a
member of the Genworth Group are jointly or severally liable and that do not
constitute Genworth Liabilities, or to obtain in writing the unconditional
release of all parties to such arrangements other than any member of the GE
Group, so that, in any such case, the members of the GE Group will be solely
responsible for such Liabilities; provided, however, that neither
GE nor Genworth shall be obligated to pay any consideration therefor to any
third party from whom any such consent, approval, substitution or amendment is
requested.

 

24

 

(b)           If GE or Genworth is unable to
obtain, or to cause to be obtained, any such required consent, approval,
release, substitution or amendment, the applicable member of the Genworth Group
shall continue to be bound by such agreement, lease, license or other obligation
and, unless not permitted by Law or the terms thereof, GE shall cause a member
of the GE Group, as agent or subcontractor for such member of the Genworth
Group, to pay, perform and discharge fully all the obligations or other
Liabilities of such member of the Genworth Group thereunder from and after the
Closing Date.  GE shall indemnify each
Genworth Indemnified Party and hold each of them harmless against any
Liabilities (other than Genworth Liabilities) arising in connection therewith; provided
that pursuant hereto GE shall have no obligation to indemnify any
Genworth Indemnified Party that has engaged in any knowing violation of Law,
fraud or misrepresentation in connection therewith.  Genworth shall cause each member of the Genworth Group without
further consideration, to pay and remit, or cause to be paid or remitted, to GE
or to another member of the GE Group specified by GE, promptly all money,
rights and other consideration received by it or any member of the Genworth
Group in respect of such performance (unless any such consideration is a
Genworth Asset).  If and when any such
consent, approval, release, substitution or amendment shall be obtained or such
agreement, lease, license or other rights or obligations shall otherwise become
assignable or able to be novated, Genworth shall promptly assign, or cause to
be assigned, all its rights, obligations and other Liabilities thereunder or
any rights or obligations of any member of the Genworth Group to GE or to
another member of the GE Group specified by GE without payment of further
consideration and GE, without the payment of any further consideration shall,
or shall cause such other member of the GE Group to, assume such rights and
obligations.

2.9           European
Creditor Business.

In
furtherance of the transactions contemplated by this Agreement and without
limiting any other provision hereof, the parties intend that the transfer of
the European Creditor Business into the Genworth Group shall be effected by
means of the documentation and procedures relating to:

(a)           the UK Transfer Plan under which it
is proposed that the Assets and Liabilities of FACL be transferred subsequent
to the Closing Date to FINCL upon the effectiveness of such plan in accordance
with the provisions of Part VII of the Financial Services and Markets Act 2000
and Section 2.1(b) of this Agreement;

(b)           the French Transfer Plan and the
French Transfer Agreement under which it is proposed that the Assets and
Liabilities of the payment protection business of Vie Plus S.A. be transferred
subsequent to the Closing Date to a member of the Genworth Group upon the
effectiveness of the French Transfer Plan in accordance with the terms of the
French Transfer Plan, the French Transfer Agreement and Section 2.1(b)
of this Agreement;

(c)           the FACL Reinsurance Agreement, FICL Reinsurance Agreement
and French Reinsurance Agreement; and

 

25

 

(d)           the transfer of the stock of the
entities forming a part of the European Creditor Business listed in Part A
of Schedule 2.9 of this Agreement.

2.10         FACL Bonds.

(a)           In
respect of the FACL Bond Portfolio which forms part of the Assets and
Liabilities of FACL to be transferred to FINCL pursuant to the UK Transfer Plan
(as referred to in Section 2.9(a)), the parties agree to use their
commercially reasonable efforts to implement indemnity reinsurance arrangements
as soon as is reasonably practicable following Closing under which all of the
Liabilities relating to the FACL Bond Portfolio which remain unsatisfied or
outstanding as at the inception date of such arrangements (whether such
Liabilities are current or future, certain or contingent) are fully assumed by
GE Life Limited (or another appropriate member of the GE Group) (the “FACL
Bond Portfolio Reinsurance”). The parties further agree that the FACL Bond
Portfolio Reinsurance will continue in force until the earlier of:

(i)            the completion of
the transfer of the FACL Bonds to GE Life Limited (or another appropriate
member of the GE Group) pursuant to Section 2.10(b); and

(ii)           the date upon which
Genworth ceases to have any interest in or Liabilities in respect of the FACL
Bond Portfolio.

(b)           In
respect of the FACL Bonds which form part of the Assets and Liabilities of FACL
to be transferred to FINCL pursuant to the UK Transfer Plan (as referred to in Section
2.9(a)), the parties agree to procure that the FACL Bonds are transferred
from FINCL (or from FACL itself if the UK Transfer Plan has not become
effective by December 31, 2004 and FACL is transferred into Genworth under the
FACL Fall-back Stock Transfer Agreement) to an appropriate member of the GE
Group by way of an insurance business transfer pursuant to Part VII of the
Financial Services and Markets Act 2000. 
Each of the parties agree to procure that its relevant Subsidiaries
shall use their commercially reasonable efforts to effect the transfer of the
FACL Bonds pursuant to this Section 2.10(b) as soon as is reasonably
practicable following the UK Transfer Date and in any event within nine months
of  the UK Transfer Date (or such longer
period as the parties may agree).

(c)           GE
will procure the provision of administration services relating to the FACL Bond
Portfolio from Closing upon the terms set out in the European Transition
Services Agreement until the earlier of:

(i)            the completion of
the transfer of the FACL Bonds pursuant to Section 2.10(b); and

(ii)           the date upon which Genworth ceases
to have any interest in or Liabilities in respect of the FACL Bond Portfolio.

 

26

 

ARTICLE III

INTERCOMPANY TRANSACTIONS AS OF THE CLOSING DATE

3.1           Time and
Place of Closing. 
Subject to the terms and conditions of this Agreement, all transactions
contemplated by this Agreement shall be consummated at a closing (the “Closing”)
to be held at the offices of Weil, Gotshal & Manges LLP, 767 Fifth Avenue,
New York, New York 10153, at 10:00 A.M. EST, on the date on which (and after)
the Underwriting Agreements are executed and delivered by each of the parties
thereto or at such other place or at such other time or on such other date as
GE and Genworth may mutually agree upon in writing (the day on which the
Closing takes place being the “Closing Date”).

3.2           Pre-Closing
Transactions.  Prior to the
Closing Date, the appropriate parties hereto entered into or effected, as the
case may be, and (as necessary) caused their respective Subsidiaries to enter
into or effect, the agreements and transactions set forth below, in each case
in the order set forth below:

(a)           All of the capital stock of GE Mortgage
Insurance Limited, GE Mortgage Insurance (Guernsey) Limited and the entities
listed in Part A of Schedule 2.9 has been transferred to GEFAHI or
a wholly owned subsidiary of GEFAHI.

(b)           The appropriate parties hereto
entered into, and (as necessary) caused their respective Subsidiaries to enter
into, the agreements set forth below (items (ii) through (vii) below being
referred to as the “Reinsurance-Related Documents”):

(i)            the Pre-Closing Documents;

(ii)           the JLIC Recapture Agreement;

(iii)          the UFLIC Agreements;

(iv)          the Reinsurance Agreements;

(v)           the Trust Agreements;

(vi)          the Capital Maintenance Agreement; and

(vii)         the Derivatives Management Services
Agreement.

(c)           FHL transferred by dividend all
shares of capital stock of UFLIC held by FHL to its shareholders GECA and
GEFAHI, GECA transferred by dividend all shares of capital stock of UFLIC then
held by GECA to GNA, GNA transferred by dividend all such shares of UFLIC
capital stock to GEFAHI, GEFAHI transferred by dividend all such shares of
UFLIC capital stock received from GNA and FHL to GEI and General Electric
Capital Services Inc. purchased all shares of capital stock of UFLIC from GEI.

 

27

 

(d)           JLIC paid accrued interest and
principal amounts under the JLIC Surplus Notes in the amounts and to the
entities outlined in Schedule 3.2(d).

(e)           GEFAHI purchased all shares of
capital stock of Viking from GELCO Corporation pursuant to the Viking Stock
Purchase Agreement.

(f)            The dividends outlined in Schedule
3.2(f) were paid by the entities and in the amounts set forth therein.

(g)           GEFAHI contributed approximately
$2.16 billion in cash and/or securities to the capital of UFLIC.

(h)           GEFAHI contributed cash and/or
securities to the capital of GNA in an amount equal to the tax benefit realized
by GECA and other members of the Genworth Group (such other members agreed upon
by GE and Genworth immediately prior to such contribution) as a result of
losses incurred in the transfer of securities to members of the GE Group
pursuant to the Reinsurance Agreements, which tax benefit will be recognized by
GEFAHI as a result of the Separation and the Section 338(h)(10) elections to be
made in respect of such members of the Genworth Group.

(i)            FHL redeemed its $250 million series A
preferred stock, par value $1,000 per share, held by GEFAHI, along with accrued
dividends through date of payment.

(j)            All amounts received by GEFAHI from
its Subsidiaries in payment of intercompany receivables related to accounts
payable owed by GEFAHI to its upstream Affiliates were used to pay such
accounts payable.

3.3           Closing
Transactions.  In each case
subject to Section 3.8, after execution and delivery of the
Underwriting Agreements by all parties thereto, at the Closing:

(a)           The Separation contemplated by
Article II shall be effected.

(b)           The appropriate parties hereto shall
enter into, and (as necessary) shall cause their respective Subsidiaries to
enter into, the agreements set forth below (collectively with the
Reinsurance-Related Documents, the UK Transfer Plan, the French Transfer Plan,
the French Transfer Agreement and the Pre-Closing Documents, the “Transaction
Documents”):

(i)            the Transition Services Agreement;

(ii)           the Registration Rights Agreement;

(iii)          the Tax Matters Agreement;

(iv)          the
Employee Matters Agreement;

 

28

 

(v)           the
Transitional Trademark Agreement;

 

(vi)          the
Intellectual Property Cross License Agreement;

 

(vii)         the
Outsourcing Services Separation Agreement;

 

(viii)        the
European Transition Services Agreement;

 

(ix)           the Investment Management Agreements;

(x)            the Viking Agreement;

(xi)           the Liability and Portfolio Asset
Management Agreements;

(xii)          the Transition Matters Agreement;

(xiii)         the International Tax Matters Agreements;

(xiv)        the Mortgage Services Agreement;

(xv)         the UFLIC ESG Services Agreement;

(xvi)        the Business Services Agreement;

(xvii)       the Genworth Contingent Note;

(xviii)      the Genworth Promissory Note; and

(xix)         the Transfer Documents.

3.4           Amended
and Restated Certificate of Incorporation and Amended and Restated
Bylaws.  At or prior to the Closing,
GE and Genworth shall each take all necessary action that may be required to
provide for the adoption by Genworth of the Amended and Restated Certificate of
Incorporation of Genworth in substantially the form attached hereto as Exhibit
LL, and the Amended and Restated Bylaws of Genworth in substantially the
form attached hereto as Exhibit MM.

3.5           Transfers of Assets and Assumption
of Liabilities.  In furtherance
of the assignment, transfer and conveyance of Genworth Assets and the
assumption of Genworth Liabilities set forth in Section 2.1(a)(i) and Section 2.1(a)(ii), on the Closing Date (i) GE shall
execute and deliver, and shall cause its Subsidiaries to execute and deliver,
such bills of sale, stock powers, certificates of title, assignments of
contracts and other instruments of transfer, conveyance and assignment as and
to the extent necessary to evidence the transfer, conveyance and assignment of
all of GE’s and its Subsidiaries’ (other than Genworth and its Subsidiaries)
right, title and interest in and to the Genworth Assets to Genworth and its
Subsidiaries, and (ii) Genworth shall execute and deliver such assumptions of
contracts and other instruments of assumption as and to the extent necessary to
evidence the valid and effective assumption of the Genworth Liabilities by 

 

29

 

Genworth.  All of the foregoing
documents contemplated by this Section 3.5
shall be referred to collectively herein as the “GE Transfer Documents.”

 

3.6           Transfer of Excluded Assets;
Assumption of Excluded Liabilities.

(a)           To the extent any Excluded Asset or
Excluded Liability is transferred to a member of the Genworth Group at the
Closing or is owned or held by a member of the Genworth Group after the
Closing, from and after the Closing:

(i)            Genworth shall, and shall cause its
applicable Subsidiaries to, promptly contribute, assign, transfer, convey and
deliver to GE or certain of its Subsidiaries designated by GE, and GE or such
Subsidiaries shall accept from Genworth and its applicable Subsidiaries, all of
Genworth’s and such Subsidiaries’ respective rights, titles and interests in
and to such Excluded Assets;

(ii)            GE and certain of its Subsidiaries
designated by GE, shall promptly accept, assume and agree faithfully to
perform, discharge and fulfill all such Excluded Liabilities in accordance with
their respective terms; and

(iii)          In furtherance of the assignment,
transfer and conveyance of Excluded Assets and the assumption of Excluded
Liabilities set forth in Section 3.6(a)(i) and Section 3.6(a)(ii): (x) Genworth shall execute and
deliver, and shall cause its Subsidiaries to execute and deliver, such bills of
sale, certificates of title, assignments of contracts and other instruments of
transfer, conveyance and assignment as and to the extent necessary to evidence
the transfer, conveyance and assignment of all of Genworth’s and its
Subsidiaries’ right, title and interest in and to the Excluded Assets to GE and
its Subsidiaries, and (y) GE shall execute and deliver such assumptions of
contracts and other instruments of assumption as and to the extent necessary to
evidence the valid and effective assumption of the Excluded Liabilities by GE.  All of the foregoing documents contemplated
by this Section 3.6(a)(iii) shall be referred to collectively
herein as the “Genworth Transfer Documents” and, together with the GE
Transfer Documents, the “Transfer Documents.”

(iv)          To the extent that the transfer of
such Excluded Assets and the assumption of such Excluded Liabilities requires
any Governmental Approvals or Consents, the parties shall use their
commercially reasonable efforts to obtain such Governmental Approvals and
Consents; provided however that neither GE nor Genworth shall be obligated to
contribute capital in any form to any entity in order to obtain such
Governmental Approvals and Consents.

(v)           If
and to the extent that the valid, complete and perfected transfer or assignment
to the GE Group of any Excluded Assets or the assumption by the GE Group of any
Excluded Liabilities would be a violation of applicable Law or require any
Consent or Governmental Approval, then, unless the parties hereto mutually
shall otherwise determine, the transfer or assignment to the GE Group of such
Excluded Assets or the assumption by the GE Group of such Excluded Liabilities
shall be automatically deemed deferred and any such purported transfer,
assignment or assumption shall be null

 

30

 

and void until such time
as all legal impediments are removed or such Consents or Governmental Approvals
have been obtained.

(b)           If any transfer or assignment of any
Excluded Asset intended to be transferred or assigned hereunder or any
assumption of any Excluded Liability intended to be assumed by GE hereunder is
not consummated on the Closing Date, whether as a result of the failure to
obtain any required Governmental Approvals or Consents under Section 3.6(a)(iv)
or for any other reason, then, insofar as reasonably possible, (i) the member
of the Genworth Group retaining such Excluded Asset shall thereafter hold such
Excluded Asset for the use and benefit of GE (at GE’s expense) and (ii) GE
shall, or shall cause its applicable Subsidiary to, pay or reimburse the member
of the Genworth Group retaining such Excluded Liability for all amounts paid or
incurred in connection with such Excluded Liability.  In addition, the member of the Genworth Group retaining such
Excluded Asset shall, insofar as reasonably possible and to the extent
permitted by applicable Law, treat such Excluded Asset in the ordinary course
of business in accordance with past practice and take such other actions as may
be reasonably requested by GE in order to place GE in the same position as if
such Excluded Asset had been transferred as contemplated hereby and so that all
the benefits and burdens relating to such Excluded Asset, including possession,
use, risk of loss, potential for gain, and dominion, control and command over
such Excluded Asset, is to inure from and after the Closing Date to the GE
Group.

(c)           If and when the Consents and
Governmental Approvals, the absence of which caused the deferral of transfer of
any Excluded Asset or the deferral of assumption of any Excluded Liability, are
obtained, the transfer of the applicable Excluded Asset or Excluded Liability
shall be effected in accordance with the terms of this Agreement and/or the
applicable Transaction Document.

(d)           Any member of the Genworth Group retaining
an Excluded Asset or Excluded Liability due to the deferral of the transfer of
such Excluded Asset or the deferral of the assumption of such Excluded
Liability shall not be obligated, in connection with the foregoing, to expend
any money unless the necessary funds are advanced (or otherwise made available)
by GE or the member of the GE Group intended to be subject to the Excluded
Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and
recording or similar fees, all of which shall be promptly reimbursed by GE or
the member of the GE Group entitled to such Excluded Asset or intended to be
subject to such Excluded Liability.

(e)           Pursuant to and in accordance with
this Section 3.6, the Excluded Assets, Excluded Contracts, and Excluded
Liabilities of Financial Insurance Group Services Limited relating to the
businesses or the support of the businesses of the members of the GEIH Group
(as defined in the European Transition Services Agreement but for the purposes
of this Section excluding any European Creditor Business Entity) (the “GEIH
Business”) listed on Schedules 2.2(b)(i), 2.2(b)(ii) and 2.3(b)(iv)
respectively are to be transferred to GE or its designated Subsidiaries on the
Closing Date.

 

31

 

3.7           The Initial Public Offering and the
Concurrent Offerings.  Genworth
shall (i) consult with, and cooperate in all respects with, the GE Parties in
connection with the pricing of the (x) Class A Common Stock to be offered in
the Initial Public Offering and (y) Equity Units and Series A Preferred Stock
to be offered in the Concurrent Offerings, (ii) at the direction of any GE
Party, execute and deliver the Underwriting Agreements in such form and
substance as is reasonably satisfactory to the GE Parties and (iii) at the
direction of any GE Party, promptly take any and all actions necessary or
desirable to consummate the Initial Public Offering and the Concurrent
Offerings as contemplated by the IPO Registration Statement, the Equity Units
Registration Statement, the Series A Preferred Stock Registration Statement and
the Underwriting Agreements.

3.8           Rescission.  Notwithstanding anything to the contrary set
forth in this Agreement, if delivery of the Firm Public Offering Shares to the
Underwriters against payment therefor is not complete within four (4) Business
Days after the Closing Date, all transactions theretofore completed under this
Agreement or any of the Transaction Documents (excluding the transactions set
forth in Section 3.2(a) and any dividends described in Section 3.2)
shall immediately be rescinded in all respects and this Agreement and all of
the Transaction Documents shall terminate and all assets transferred pursuant
to the Transaction Documents shall be returned to the entities that transferred
such assets, and all assumptions of liabilities hereunder and thereunder shall
be rescinded and nullified.

3.9           European Transfers.

(a)           GE and Genworth shall cause their
relevant respective Subsidiaries to use all commercially reasonable efforts to
cause the UK Transfer Plan and the French Transfer Plan to become effective
(and to consummate the transactions contemplated thereby and by the French
Transfer Agreement) as promptly as practicable.  The consideration for the transfers to be effected pursuant to
the UK Transfer Plan is set forth in the Debt Release Agreement.  The consideration for the transfers to be
effected pursuant to the French Transfer Agreement is set forth in Schedule
3.9(a).

(b)           If
the UK Transfer Plan has not taken effect by December 31, 2004, GE and Genworth
shall cause their relevant respective Subsidiaries to enter into the FACL
Fall-back Stock Transfer Agreement promptly thereafter in order to transfer to
Genworth all of the outstanding shares of capital stock of FACL and the other
entities listed in Part B of Schedule 2.9.  The consideration for the transfers to be
effected pursuant to the FACL Fall-back Stock Transfer Agreement shall be the
same as the consideration set forth in the Debt Release Agreement.

(c)              If
the French Transfer Plan and the French Transfer Agreement have not taken
effect by December 31, 2004, the consideration for the transfers
contemplated by that Plan and that Agreement shall be adjusted as provided in Schedule
3.9(c).

 

32

 

3.10         Tax Matters.

(a)           GE and Genworth have entered
into the Tax Matters Agreement contemporaneously with the execution and
delivery of this Agreement.  To the
extent that any representations, warranties, covenants and agreements between
the parties with respect to Tax matters are set forth in the Tax Matters
Agreement, the tax sharing agreements and arrangements specifically identified
therein, the International Tax Matters Agreements and the tax matters
agreements described in Section 3.10(b) (collectively, for purposes of
this Section, the “Tax Agreements”), such Tax matters shall be governed
exclusively by the Tax Agreements and not by this Agreement.

(b)           As soon as reasonably practicable after a determination has been made as
to the members of the Genworth Group for which elections will be made under
Section 338(h)(10) of the Code, (a) Genworth shall cause GECA and each GECA
Subsidiary for which a Section 338(h)(10) election has been made to enter into
a tax matters agreement substantially in the form attached hereto as Exhibit
OO, and (b) Genworth shall enter into, and shall cause each of its
Subsidiaries (other than life insurance Subsidiaries) for which a Section
338(h)(10) election has been made to enter into, a tax matters agreement
substantially in the form attached hereto as Exhibit PP.

ARTICLE IV

FINANCIAL AND OTHER INFORMATION

4.1           Annual
Financial Information.  Genworth
agrees that, if members of the GE Group beneficially own, in the aggregate,
(excluding for such purposes shares of Genworth Common Stock beneficially owned
by GE but not for its own account, including (in such exclusion) beneficial
ownership which arises by virtue of some entity that is an Affiliate of GE
being a sponsor of or advisor to a mutual or similar fund that beneficially
owns shares of Genworth Common Stock) on any date during a fiscal year at least
five percent (5%) of the then outstanding Genworth Common Stock, Genworth shall
deliver to GE the Corporate Reporting Data set forth on Schedule 4.1 for
such year in respect of the Applicable Accounting Method in effect as of the
first day of such fiscal year.  Genworth
shall deliver the financial data and schedules comprising such Corporate
Reporting Data within the time periods specified by GE, which time periods
shall be specified by GE in writing by no later than fifteen (15) days prior to
the end of each fiscal year.  All annual
consolidated financial statements of Genworth and its Subsidiaries delivered to
GE shall set forth in each case in comparative form the consolidated figures
for the previous fiscal year prepared in accordance with Article 10 of
Regulation S-X and consistent with the level of detail provided in comparable
financial statements furnished by GEFA to GE prior to the Closing Date.  The Corporate Reporting Data shall include
all statistical information necessary for inclusion in any GE Group member’s
annual earnings press release, along with appropriate supporting
documentation.  The Corporate Reporting
Data shall include (i) a discussion and analysis by management of Genworth’s
and its Subsidiaries’ consolidated financial condition and results of
operations for the requisite years, including, without limitation, an
explanation of any material adverse change, all in reasonable detail and prepared
in accordance with Item 303(a) of 

 

33

 

Regulation S-K and (ii) a discussion and analysis of Genworth’s and its
Subsidiaries’ consolidated financial condition and results of operations for
the requisite years, including, without limitation, an explanation of any
material adverse change, all in reasonable detail and prepared in accordance
with Item 303(a) of Regulation S-K, prepared for inclusion in the annual report
to stockholders of any member of the GE Group. 
No later than the day prior to the day Genworth publicly files its
Annual Report on Form 10-K with the SEC or otherwise, Genworth shall
deliver to GE the final form of its Annual Report on Form 10-K, together
with all certifications required by applicable Law by each of the chief
executive officer and chief financial officer of Genworth and an opinion
thereon by Genworth’s independent certified public accountants.  Genworth shall, if requested by GE, also
deliver to GE all of the information required to be delivered in Schedule
4.1 with respect to each Subsidiary of Genworth (other than GELAAC or any
other Subsidiary of Genworth required to file financial statements with the SEC
solely as a result of insurance products offered by such Subsidiary) which is
itself required to file financial statements with the SEC or otherwise make
financial statements publicly available (other than statutory financial
statements filed with state insurance regulatory authorities, which are
addressed in Section 4.5(c)), with such financial statements to be
provided in the same manner and detail and on the same time schedule as those
financial statements of Genworth required to be delivered to GE pursuant to Schedule
4.1.

 

4.2           Quarterly Financial Information.  Genworth agrees that, if members of the GE
Group beneficially own, in the aggregate, (excluding for such purposes shares
of Genworth Common Stock beneficially owned by GE but not for its own account,
including (in such exclusion) beneficial ownership which arises by virtue of
some entity that is an Affiliate of GE being a sponsor of or advisor to a
mutual or similar fund that beneficially owns shares of Genworth Common Stock)
on any date during a fiscal quarter at least five percent (5%) of the then
outstanding Genworth Common Stock, Genworth shall deliver to GE the Corporate
Reporting Data set forth on (i) Schedule 4.2(a) for the first and second
quarter of each year and (ii) Schedule 4.2(b) for the third quarter of
each year, in each case, in respect of the Applicable Accounting Method in
effect as of the first day of such fiscal quarter.  Genworth shall deliver the financial data and schedules
comprising such Corporate Reporting Data within the time periods specified by GE,
which time periods shall be specified by GE in writing by no later than fifteen
(15) days prior to the end of each fiscal quarter.  All quarterly consolidated financial statements of Genworth and
its Subsidiaries delivered to GE shall include financial statements for such
quarterly periods and for the period from the beginning of the current fiscal
year to the end of such quarter, setting forth in each case in comparative form
for each such fiscal quarter of Genworth the consolidated figures for the
corresponding quarter and periods of the previous fiscal year prepared in
accordance with Article 10 of Regulation S-X and consistent with the level of
detail provided in comparable financial statements furnished by GEFA to GE
prior to the Closing Date.  The Corporate
Reporting Data shall include all statistical information necessary for
inclusion in any GE Group member’s quarterly earnings press release, along with
appropriate supporting documentation. 
The Corporate Reporting Data shall include a discussion and analysis by
management of Genworth’s and its Subsidiaries’ consolidated financial condition
and results of operations for the requisite quarters, including, without 

 

34

 

limitation, an
explanation of any material adverse change, all in reasonable detail and
prepared in accordance with Item 303(b) of Regulation S-K.  No later than the day prior to the day
Genworth publicly files a Quarterly Report on Form 10-Q with the SEC or
otherwise, Genworth shall deliver to GE the final form of its Quarterly Report
on Form 10-Q, together with all certifications required by applicable Law
by each of the chief executive officer and chief financial officer of
Genworth.  Genworth shall, if requested
by GE, also deliver to GE all of the information required to be delivered in Schedules
4.2(a) and (b) with respect to each Subsidiary of Genworth (other
than GELAAC or any other Subsidiary of Genworth required to file financial
statements with the SEC solely as a result of insurance products offered by
such Subsidiary) which is itself required to file financial statements with the
SEC or otherwise make financial statements publicly available (other than
statutory financial statements filed with state insurance regulatory
authorities, which are addressed in Section 4.5(c)), with such financial
statements to be provided in the same manner and detail and on the same time
schedule as those financial statements of Genworth required to be delivered to
GE pursuant to Schedules 4.2(a) and (b).

4.3           GE’s
Operating Reviews.  Genworth
agrees that, if members of the GE Group beneficially own, in the aggregate,
(excluding for such purposes shares of Genworth Common Stock beneficially owned
by GE but not for its own account, including (in such exclusion) beneficial
ownership which arises by virtue of some entity that is an Affiliate of GE
being a sponsor of or advisor to a mutual or similar fund that beneficially
owns shares of Genworth Common Stock) on any date during a fiscal quarterly or
annual period at least five percent (5%) of the then outstanding Genworth
Common Stock, Genworth shall deliver to GE the FP&A Reports set forth on Schedule
4.3 for such quarterly or annual period in respect of the Applicable
Accounting Method in effect as of the first day of such period.  Genworth shall deliver the financial data
and schedules comprising such FP&A Reports during each fiscal year within
the time periods specified by GE in writing by no later than fifteen (15) days
prior to the end of the preceding fiscal year, or within any other time periods
specified by GE in writing thereafter, but in any event prior to fifteen (15)
days before the date such FP&A Report is required to be delivered to
GE.  Genworth shall provide GE an
opportunity to meet with management of Genworth to discuss such FP&A Reports
upon reasonable notice during normal business hours.

4.4           General Financial Statement
Requirements.  All information
provided by Genworth or any of its Subsidiaries to GE pursuant to this Article
IV shall be consistent in terms of format and detail and otherwise with the
procedures and practices in effect prior to the Closing Date with respect to
the provision of such financial and other information by GEFA to GE (and where
appropriate, as presently presented in financial and other reports delivered to
the board of directors of GE), with such changes therein as may be reasonably
requested by GE from time to time, and any changes in such procedures or
practices that are required in order to comply with the rules and regulations
of the SEC, as applicable.

4.5           Twenty
Percent Threshold.  Genworth
agrees that, if members of the GE Group beneficially own, in the aggregate,
(excluding for such purposes shares of 

 

35

 

Genworth Common Stock
beneficially owned by GE but not for its own account, including (in such
exclusion) beneficial ownership which arises by virtue of some entity that is
an Affiliate of GE being a sponsor of or advisor to a mutual or similar fund
that beneficially owns shares of Genworth Common Stock) on any date during a
fiscal year more than twenty percent (20%) of the then outstanding Genworth
Common Stock, or, notwithstanding such percentage, if any member of the GE
Group is required during any fiscal year, in accordance with GAAP, to account
for its investment in Genworth on a consolidated basis or under the equity
method of accounting, then in respect of such fiscal year:

(a)           Maintenance of Books and Records.  Genworth shall, and shall cause each of its
consolidated Subsidiaries to, (i) make and keep books, records and accounts,
which, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of Genworth and such Subsidiaries and (ii) devise
and maintain a system of internal accounting controls sufficient to provide
reasonable assurances that: (x) transactions are executed in accordance with
management’s general or specific authorization, (y) transactions are recorded
as necessary (1) to permit preparation of financial statements in conformity
with GAAP or any other criteria applicable to such statements and (2) to
maintain accountability for assets and (z) access to assets is permitted only
in accordance with management’s general or specific authorization.

(b)           Fiscal Year.  Genworth shall, and shall cause each of its
consolidated subsidiaries to, maintain a fiscal year which commences on January
1 and ends on December 31 of each calendar year; provided that, if on
the Closing Date any consolidated Subsidiary of Genworth has a fiscal year
which ends on a date other than December 31, Genworth shall use its
commercially reasonable efforts to cause such Subsidiary to change its fiscal
year to one which ends on December 31 if such change is reasonably practicable.

(c)           Quarterly and Annual Reports
Furnished to State Insurance Regulatory Authorities.  Promptly following the filing by Genworth or
any Subsidiary of Genworth of quarterly or annual reports with any and all
state insurance regulatory authorities in each jurisdiction in which such
reports are required to be filed, Genworth shall deliver the final forms of
such reports to GE.

(d)           Other Financial Information.  Genworth shall provide to GE upon request
such other financial information and analyses of Genworth and its Subsidiaries
that may be necessary for any member of the GE Group to (1) comply with
applicable financial reporting requirements or its customary financial
reporting practices or (2) respond in a timely manner to any reasonable
requests for information regarding Genworth and its Subsidiaries received by GE
from investors or financial analysts; provided, however, that
neither GE nor any member of the GE Group shall disclose any material,
non-public information of Genworth except pursuant to policies and procedures
mutually agreed upon by GE and Genworth for the disclosure of such information
and except as required by applicable Law. 
In connection therewith, Genworth shall also permit GE, the GE Auditors
and other Representatives of GE to 

 

36

 

discuss the affairs,
finances and accounts of any member of the Genworth Group with the officers of
Genworth and the Genworth Auditors, all at such times and as often as GE may
reasonably request upon reasonable notice during normal business hours.

(e)           Public Information and SEC Reports.  Genworth and each of its Subsidiaries that
files information with the SEC shall cooperate with GE in preparing reports,
notices and proxy and information statements to be sent or made available by
Genworth or such Subsidiaries to their security holders, all regular, periodic
and other reports filed under Sections 13, 14 and 15 of the Exchange Act by
Genworth or such Subsidiaries and all registration statements and prospectuses
to be filed by Genworth or such Subsidiaries with the SEC or any securities
exchange pursuant to the listed company manual (or similar requirements) of
such exchange (collectively, “Genworth Public Documents”) and deliver to
GE (to the attention of its Senior Securities Counsel), no later than the date
the same are printed for distribution to its shareholders, sent to its
shareholders or filed with the SEC, whichever is earliest, final copies of all
Genworth Public Documents.  Genworth
shall file its Quarterly Reports on Form 10-Q and its Annual Reports on Form
10-K with the SEC immediately (and in no event later than one hour) following
GE’s filing of its quarterly and annual reports with the SEC for the
corresponding period.  Genworth shall
cooperate with GE in preparing all press releases and other statements to be
made available by Genworth or any of its Subsidiaries to the public, including,
without limitation, information concerning material developments in the
business, properties, results of operations, financial condition or prospects
of Genworth or any of its Subsidiaries. 
GE shall have the right to review, reasonably in advance of public
release or release to financial analysts or investors and in a manner
consistent with the procedures and practices in effect prior to the Closing
Date with respect to press releases issued by GEFA (1) all press releases and
other statements to be made available by Genworth or any of its Subsidiaries to
the public and (2) all reports and other information prepared by Genworth or
any of its Subsidiaries for release to financial analysts or investors; provided,
however, that neither GE nor any member of the GE Group shall disclose
any material, non-public information of Genworth except pursuant to policies
and procedures mutually agreed upon by GE and Genworth for the disclosure of
such information and except as required by applicable Law;  provided, further, that at any time when
members of the GE Group beneficially own, in the aggregate, (excluding for such
purposes shares of Genworth Common Stock beneficially owned by GE but not for
its own account, including (in such exclusion) beneficial ownership which
arises by virtue of some entity that is an Affiliate of GE being a sponsor of
or advisor to a mutual or similar fund that beneficially owns shares of
Genworth Common Stock) fifty percent (50%) or less of the then outstanding
Genworth Common Stock, GE shall only have the right to review such press
releases, public statements, reports and other information in advance if
necessary for any member of the GE Group to (1) comply with applicable
financial reporting requirements or its customary financial reporting practices
or (2) respond to any reasonable requests for information regarding Genworth
and its Subsidiaries received by GE from investors or financial analysts.  No press release, report, registration,
information or proxy statement, prospectus or other document which refers, or
contains information with respect, to any member of the GE Group shall be filed
with the SEC or otherwise made public or released to any financial analyst or
investor by Genworth or any of its Subsidiaries 

 

37

 

without the prior written
consent of GE with respect to those portions of such document that contain
information with respect to any member of the GE Group except as may be
required by Law (in such cases Genworth shall use its reasonable best efforts
to notify the relevant member of the GE Group and to obtain such member’s
consent before making such a filing with the SEC or otherwise making any such
information public).

(f)            Meetings with Financial Analysts.  Genworth shall notify GE reasonably in
advance of the date of all scheduled meetings and conference calls to be held
between Genworth and members of the investment community (including any
financial analysts), and of any conferences to be attended by management of
Genworth with members of the investment community, and shall consult with GE as
to the appropriate timing for all such meetings, calls and conferences.  With respect to any such meeting, call or
conference to be held at a time when members of the GE Group beneficially own,
in the aggregate, (excluding for such purposes shares of Genworth Common Stock
beneficially owned by GE but not for its own account, including (in such exclusion)
beneficial ownership which arises by virtue of some entity that is an Affiliate
of GE being a sponsor of or advisor to a mutual or similar fund that
beneficially owns shares of Genworth Common Stock) more than fifty percent
(50%) of the then outstanding Genworth Common Stock, Genworth shall not
schedule such meeting or call or attend such conference on any date to which GE
objects.  The foregoing shall not
require Genworth to notify GE of one-on-one discussions between management of
Genworth and members of the investment community (including any financial
analysts).

(g)           Earnings Releases.  GE agrees that, unless required by Law or
unless Genworth shall have consented thereto, no member of the GE Group will
publicly release any quarterly, annual or other financial information of
Genworth or any of its Subsidiaries (“Genworth Information”) delivered
to GE pursuant to this Article IV prior to the time that GE publicly releases
financial information of GE for the relevant period.  GE will consult with Genworth on the timing of their annual and
quarterly earnings releases and GE and Genworth will give each other an
opportunity to review the information therein relating to Genworth and its
Subsidiaries and to comment thereon; provided that GE shall have the sole
right to determine the timing of all such releases if GE and Genworth
disagree.  Genworth shall publicly
release its financial results for each annual and quarterly period immediately
(and in no event later than one hour) following GE’s release of its financial
results for the corresponding period. 
If any member of the GE Group is required by Law to publicly release
such Genworth Information prior to the public release of GE’s financial
information, GE will give Genworth notice of such release of Genworth
Information as soon as practicable but no later than two days prior to such
release of Genworth Information.

4.6           GE Public
Filings.  Genworth shall
cooperate fully, and cause its accountants to cooperate fully, with GE to the
extent reasonably requested by GE in the preparation of GE’s press releases,
public earnings releases, Quarterly Reports on Form 10-Q, Annual Reports to
Shareholders, Annual Reports on Form 10-K, any Current Reports on Form 8-K and
any amendments thereto and any other proxy, information and registration
statements, reports, notices, prospectuses and any other filings made by GE 

 

38

 

or any of its
Subsidiaries with the SEC, any national securities exchange or otherwise made
publicly available (collectively, “GE Public Filings”).  Genworth agrees to provide to GE all
information that GE reasonably requests in connection with any such GE Public
Filings or that, in the judgment of GE’s legal department, is required to be
disclosed therein under any Law. 
Genworth agrees to use reasonable best efforts to provide such
information in a timely manner to enable GE to prepare, print and release such
GE Public Filings on such date as GE shall determine.  If and to the extent reasonably requested by GE, Genworth shall
diligently and promptly review all drafts of such GE Public Filings and prepare
in a diligent and timely fashion any portion of such GE Public Filing
pertaining to Genworth or its Subsidiaries. 
Prior to any printing or public release of any GE Public Filing, an
appropriate executive officer of Genworth, shall, if requested by GE, continue
the existing practice of certifying and representing that the information
provided by Genworth relating to Genworth, in such GE Public Filing is accurate,
true and correct in all material respects. 
Unless required by Law, without the prior consent of GE, Genworth shall
not publicly release any financial or other information which conflicts with
the information with respect to Genworth, any Affiliate of Genworth or the
Genworth Group that is provided by Genworth for any GE Public Filing.

4.7           GE
Annual Statements.  In
connection with any GE Group member’s preparation of its audited annual
financial statements and its Annual Reports to Shareholders (collectively the “GE
Annual Statements”), during any fiscal year in which the members of the GE
Group own, in the aggregate, (excluding for such purposes shares of Genworth
Common Stock beneficially owned by GE but not for its own account, including
(in such exclusion) beneficial ownership which arises by virtue of some entity
that is an Affiliate of GE being a sponsor of or advisor to a mutual or similar
fund that beneficially owns shares of Genworth Common Stock) more than twenty
percent (20%) of the then outstanding Genworth Common Stock, (or such lesser
percentage during any fiscal year that any member of the GE Group is required,
in accordance with GAAP, to account for its investment in Genworth on a
consolidated basis or under the equity method of accounting), Genworth agrees
as follows:

(a)           Coordination
of Auditors’ Opinions.  Genworth
will use its commercially reasonable efforts to enable its independent
certified public accountants (the “Genworth Auditors”) to complete their
audit such that they will date their opinion on Genworth’s audited annual
financial statements on the same date that GE independent certified public
accountants (the “GE Auditors”) date their opinion on the GE Annual
Statements, and to enable GE to meet its timetable for the printing, filing and
public dissemination of the GE Annual Statements.

(b)           Cooperation.  Genworth will provide to GE on a timely
basis all information that GE or any of its Subsidiaries reasonably requires to
meet its schedule for the preparation, printing, filing, and public
dissemination of any GE Public Filing. 
Without limiting the generality of the foregoing, Genworth will provide
all required financial information with respect to it and its consolidated
Subsidiaries to the GE Auditors and management in a sufficient and reasonable
time and in sufficient detail to permit such auditors to take all steps and
perform all review necessary to provide

 

39

 

sufficient assistance to
such auditors with respect to information to be included or contained in the GE
Public Filings.

(c)           Access to Personnel and Working
Papers.  Genworth will request the
Genworth Auditors to make available to the GE Auditors both the personnel who
performed or are performing the annual audit of Genworth and, consistent with
customary professional practice and courtesy of such auditors with respect to
the furnishing of work papers, work papers related to the annual audit of
Genworth, in all cases within a reasonable time after the Genworth Auditors’ opinion
date, so that the GE Auditors are able to perform the procedures they consider
necessary to take responsibility for the work of the Genworth Auditors as it
relates to the GE Auditors’ report on the GE Annual Statements, all within
sufficient time to enable GE to meet its timetable for the printing, filing and
public dissemination of the GE Annual Statements.

4.8           Fifty
Percent Threshold.  Genworth
agrees that if members of the GE Group beneficially own, in the aggregate
(excluding for such purposes shares of Genworth Common Stock beneficially owned
by GE but not for its own account, including (in such exclusion) beneficial
ownership which arises by virtue of some entity that is an Affiliate of GE
being a sponsor of or advisor to a mutual or similar fund that beneficially
owns shares of Genworth Common Stock) on any date during a fiscal year more
than fifty percent (50%) of the then outstanding Genworth Common Stock, or,
notwithstanding such percentage, if any member of the GE Group is required
during any fiscal year, in accordance with GAAP, to consolidate Genworth’s
financial statements with its financial statements, then in respect of such
fiscal year:

(a)           Internal Auditors.  Genworth shall provide GE, the GE Auditors
or other Representatives of GE reasonable access upon reasonable notice during
normal business hours to Genworth’s and its Subsidiaries’ books and records so
that GE may conduct reasonable audits relating to the financial statements
provided by Genworth pursuant to this Article IV, as well as to the internal
accounting controls and operations of Genworth and its Subsidiaries; provided,
however, that any such audits will be conducted in the same manner and
using the same procedures as conducted on the date hereof for audits of GEFA
including, but not limited to, reporting audit findings to management of the
business or unit subject to the audit.

(b)           Accounting Estimates and
Principles.  Genworth will give GE
reasonable notice of any proposed material change in accounting estimates or
material changes in accounting principles from those in effect with respect to
GEFA, its Subsidiaries and the GE Affiliates that comprise the Genworth Group
immediately prior to the Closing Date, and will give GE notice immediately
following adoption of any such changes that are mandated or required by the
SEC, the Financial Accounting Standards Board or the Public Company Accounting
Oversight Board.  In connection
therewith, Genworth will consult with GE and, if requested by GE, Genworth will
consult with the GE Auditors with respect thereto.  As to material changes in accounting principles that could affect
GE, Genworth will not make any such changes without GE’s prior written consent,
excluding changes that are mandated or required by the SEC, the Financial
Accounting Standards Board or the Public Company Accounting Oversight

 

40

 

Board, if such a change
would be sufficiently material to be required to be disclosed in Genworth’s
financial statements as filed with the SEC or otherwise publicly disclosed
therein.  If GE so requests, Genworth
will be required to obtain the concurrence of the Genworth Auditors as to such
material change prior to its implementation. 
GE will use its reasonable best efforts to promptly respond to any
request by Genworth to make a change in accounting principles and, in any
event, in sufficient time to enable Genworth to comply with its obligations
under Section 4.1.

 

(c)           Management Certification.  Genworth’s chief executive officer and Genworth’s
chief financial or accounting officer shall submit quarterly representations
substantially in the form furnished to GE by GEI prior to the Closing Date
(with such changes thereto prescribed by GE consistent with representations
furnished to GE by other Subsidiaries of GE or as otherwise required by changes
to applicable Law or stock exchange requirements) attesting to the accuracy and
completeness of the financial and accounting records referred to therein in all
material respects.

(d)           Monthly and Other Financial
Information.  Genworth shall furnish
to GE the intercompany information in the form and detail, and within the time
periods, set forth in Schedule 4.8 and furnished by GEFA to GE prior to
the Closing Date.  With reasonable
promptness, Genworth shall deliver to GE such additional financial and other
information and data with respect to Genworth and its Subsidiaries and their
business, properties, financial position, results of operations and prospects
as from time to time may be reasonably requested by GE.

(e)           Operating Review Process.  Genworth shall conduct its own strategic and
operational review process on the same schedule on which GE conducts its
strategic and operational review process. 
GE acknowledges that, as a supplement to the information furnished by
Genworth to GE pursuant to Section 4.3, GE shall conduct its  strategic and operational reviews of
Genworth through participation in meetings or other activities of the Genworth
board of directors by the members of Genworth’s board of directors that are
elected by GE.  To facilitate GE’s
participation in the process in this manner, Genworth shall hold all of its
regularly scheduled board meetings at which its strategic and operational
reviews are discussed within a time frame consistent with GE’s strategic and
operational review process.  GE shall
make a good faith attempt to conduct all other reviews of Genworth’s
operations, affairs, finances or results (other than those required to comply
with applicable financial reporting requirements or its customary financial
reporting practices) through participation in meetings or other activities of
the Genworth board of directors by the members of Genworth’s board of directors
that are elected by GE.  In connection
with strategic, operational or other reviews, relevant GE personnel other than
the members of Genworth’s board of directors elected by GE may participate at
GE’s invitation.  GE will notify
Genworth in advance of any such additional attendees.

4.9           Accountants’
Reports.  Promptly, but in no
event later than five Business Days following the receipt thereof, Genworth
shall deliver to GE copies of all reports submitted to Genworth or any of its
Subsidiaries by their independent certified 

 

41

 

public accountants,
including, without limitation, each report submitted to Genworth or any of its
subsidiaries concerning its accounting practices and systems and any comment
letter submitted to management in connection with their annual audit and all responses
by management to such reports and letters.

4.10         Agreement for Exchange of
Information; Archives.

(a)           Each of GE and Genworth, on behalf of
its respective Group, agrees to provide, or cause to be provided, to the other
Group, at any time before or after the Closing Date, as soon as reasonably
practicable after written request therefor, any Information in the possession
or under the control of such respective Group which the requesting party
reasonably needs (i) to comply with reporting, disclosure, filing or other
requirements imposed on the requesting party (including under applicable
securities or tax Laws) by a Governmental Authority having jurisdiction over
the requesting party, (ii) for use in any other judicial, regulatory,
administrative, tax or other proceeding or in order to satisfy audit,
accounting, claims, regulatory, litigation, tax or other similar requirements,
in each case other than claims or allegations that one party to this Agreement
has against the other, or (iii) subject to the foregoing clause (ii), to comply
with its obligations under this Agreement or any Transaction Document; provided,
however, that in the event that any party determines that any such
provision of Information could be commercially detrimental, violate any Law or
agreement, or waive any attorney-client privilege, the parties shall take all
reasonable measures to permit the compliance with such obligations in a manner
that avoids any such harm or consequence.

(b)           After the Closing Date, Genworth
shall have access during regular business hours (as in effect from time to
time) to the documents and objects of historic significance that relate to the
Genworth Business that are located in archives retained or maintained by any
member of the GE Group.  Genworth may
obtain copies (but not originals unless it is a Genworth Asset) of documents
for bona fide business purposes and may obtain objects for exhibition purposes
for commercially reasonable periods of time if required for bona fide business
purposes, provided that Genworth shall cause any such objects to be returned
promptly in the same condition in which they were delivered to Genworth and
Genworth shall comply with any rules, procedures or other requirements, and
shall be subject to any restrictions (including prohibitions on removal of
specified objects), that are then applicable to GE.  Genworth shall pay the applicable fee or rate per hour for
archives research services (subject to increase from time to time to reflect
rates then in effect for GE generally). 
Nothing herein shall be deemed to restrict the access of any member of
the GE Group to any such documents or objects or to impose any liability on any
member of the GE Group if any such documents or objects are not maintained or
preserved by GE.

 

(c)           After the Closing Date, GE shall have
access during regular business hours (as in effect from time to time) to the
documents and objects of historic significance that relate to the businesses of
any member of the GE Group that are located in archives retained or maintained
by any member of the Genworth Group.  GE
may obtain copies (but not originals unless it is not a Genworth Asset) of
documents for bona fide business purposes and may obtain objects for exhibition
purposes for commercially reasonable periods of time if required for 

 

42

 

bona fide business
purposes, provided that GE shall cause any such objects to be returned promptly
in the same condition in which they were delivered to GE and GE shall comply
with any rules, procedures or other requirements, and shall be subject to any
restrictions (including prohibitions on removal of specified objects), that are
then applicable to Genworth.  GE shall
pay the applicable fee or rate per hour for archives research services (subject
to increase from time to time to reflect rates then in effect for Genworth
generally).  Nothing herein shall be
deemed to restrict the access of any member of the Genworth Group to any such
documents or objects or to impose any liability on any member of the Genworth
Group if any such documents or objects are not maintained or preserved by
Genworth.

4.11         Ownership
of Information.  Any Information
owned by one Group that is provided to a requesting party pursuant to Section 4.10
shall be deemed to remain the property of the providing party.  Unless specifically set forth herein,
nothing contained in this Agreement shall be construed as granting or
conferring rights of license or otherwise in any such Information.

4.12         Compensation for Providing Information.  The party requesting Information agrees to
reimburse the other party for the reasonable out-of-pocket costs, if any, of
creating, gathering and copying such Information, to the extent that such costs
are incurred for the benefit of the requesting party.  Except as may be otherwise specifically provided elsewhere in
this Agreement or in any other agreement between the parties, such costs shall
be computed in accordance with the providing party’s standard methodology and
procedures.

4.13         Record Retention.  To facilitate the possible exchange of
Information pursuant to this Article IV
and other provisions of this Agreement after the Closing Date, the parties
agree to use their commercially reasonable efforts to retain all Information in
their respective possession or control in accordance with the policies of GE as
in effect on the Closing Date or such other policies as may be reasonably
adopted by the appropriate party after the Closing Date.  No party will destroy, or permit any of its
Subsidiaries to destroy, any Information which the other party may have the
right to obtain pursuant to this Agreement prior to the fifth anniversary of
the date hereof without first using its reasonable efforts to notify the other
party of the proposed destruction and giving the other party the opportunity to
take possession of such Information prior to such destruction; provided,
however, that in the case of any Information relating to Taxes or
employee benefits, such period shall be extended to the expiration of the
applicable statute of limitations (giving effect to any extensions thereof); provided
further, however, no party will destroy, or permit any of its
Subsidiaries to destroy, any Information required to be retained by applicable
Law.

4.14         Liability.  No party shall have any liability to any
other party in the event that any Information exchanged or provided pursuant to
this Agreement which is an estimate or forecast, or which is based on an
estimate or forecast, is found to be inaccurate in the absence of willful
misconduct by the party providing such Information. 

 

43

 

No party shall have any
liability to any other party if any Information is destroyed after commercially
reasonable efforts by such party to comply with the provisions of Section 4.13.

4.15         Other Agreements Providing for
Exchange of Information.

(a)           The rights and obligations granted
under this Article IV are subject to any specific limitations,
qualifications or additional provisions on the sharing, exchange, retention or
confidential treatment of Information set forth in any Transaction Document.

(b)           When any Information provided by one
Group to the other (other than Information provided pursuant to Section 4.13)
is no longer needed for the purposes contemplated by this Agreement or any
other Transaction Document or is no longer required to be retained by
applicable Law, the receiving party will promptly after request of the other
party either return to the other party all Information in a tangible form
(including all copies thereof and all notes, extracts or summaries based
thereon) or certify to the other party that it has destroyed such Information
(and such copies thereof and such notes, extracts or summaries based thereon).

4.16         Production of Witnesses; Records;
Cooperation.

(a)           After the Closing Date, except in the
case of an adversarial Action by one party against another party, each party
hereto shall use its reasonable efforts to make available to each other party,
upon written request, the former, current and future directors, officers,
employees, other personnel and agents of the members of its respective Group as
witnesses and any books, records or other documents within its control or which
it otherwise has the ability to make available, to the extent that any such
person (giving consideration to business demands of such directors, officers,
employees, other personnel and agents) or books, records or other documents may
reasonably be required in connection with any Action or IP Application in which
the requesting party may from time to time be involved, regardless of whether
such Action or IP Application is a matter with respect to which indemnification
may be sought hereunder.  The requesting
party shall bear all costs and expenses in connection therewith.

(b)              If
an Indemnifying Party chooses to defend or to seek to compromise or settle any
Third Party Claim, the other parties shall make available to such Indemnifying
Party, upon written request, the former, current and future directors, officers,
employees, other personnel and agents of the members of its respective Group as
witnesses and any books, records or other documents within its control or which
it otherwise has the ability to make available, to the extent that any such
person (giving consideration to business demands of such directors, officers,
employees, other personnel and agents) or books, records or other documents may
reasonably be required in connection with such defense, settlement or
compromise, or the prosecution, evaluation or pursuit thereof, as the case may
be, and shall otherwise cooperate in such

 

44

 

defense, settlement or compromise, or such prosecution, evaluation or
pursuit, as the case may be.

 

(c)           Without limiting the foregoing, the
parties shall cooperate and consult to the extent reasonably necessary with
respect to any Actions.

(d)           Without limiting any provision of
this Section, each of the parties agrees to cooperate, and to cause each member
of its respective Group to cooperate, with each other in the defense of any
infringement or similar claim with respect any intellectual property and shall
not claim to acknowledge, or permit any member of its respective Group to claim
to acknowledge, the validity or infringing use of any intellectual property of
a third Person in a manner that would hamper or undermine the defense of such
infringement or similar claim except as required by Law.

(e)           The obligation of the parties to
provide witnesses pursuant to this Section 4.16 is intended to be
interpreted in a manner so as to
facilitate cooperation and shall include the obligation to provide as witnesses
inventors and other officers without regard to whether the witness or the
employer of the witness could assert a possible business conflict (subject to
the exception set forth in the first sentence of Section 4.16(a)).

(f)            In connection with any matter
contemplated by this Section 4.16, the parties will enter into a
mutually acceptable joint defense agreement so as to maintain to the extent
practicable any applicable attorney-client privilege, work product immunity or
other applicable privileges or immunities of any member of any Group.

4.17         Privilege.  The provision of any information pursuant to
this Article IV shall not be deemed a waiver of any
privilege, including privileges arising under or related to the attorney-client
privilege or any other applicable privileges (a “Privilege”).  Following the Closing Date, neither Genworth
or its Subsidiaries nor GE or its Subsidiaries will be required to provide any
information pursuant to this Article IV
if the provision of such information would serve as a waiver of any Privilege
afforded such information.

ARTICLE V

RELEASE; INDEMNIFICATION

5.1           Release of Pre-Closing Claims.

(a)           Except as provided in (i) Section 5.1(c), (ii) any exceptions to the indemnification provisions of Sections
5.2, 5.3 and 5.4, and (iii) any Transaction Document,
effective as of the Closing Date, Genworth does hereby, for itself and each
other member of the Genworth Group, their respective Affiliates, successors and
assigns, and all Persons who at any time prior to the Closing Date have been
directors, officers, agents or employees of any member of the Genworth Group
(in each case, in their respective capacities as such), remise, release and
forever discharge GE and the other members of the GE Group, their respective
Affiliates, successors and assigns, and 

 

45

 

all Persons who at any
time prior to the Closing Date have been stockholders, directors, officers,
agents or employees of any member of the GE Group (in each case, in their
respective capacities as such), and their respective heirs, executors,
administrators, successors and assigns, from any and all Liabilities
whatsoever, whether at Law or in equity (including any right of contribution),
whether arising under any contract or agreement, by operation of Law or
otherwise, existing or arising from any acts or events occurring or failing to
occur or alleged to have occurred or to have failed to occur or any conditions
existing or alleged to have existed on or before the Closing Date, including in
connection with the transactions and all other activities to implement the
Separation, the Initial Public Offering and any of the other transactions
contemplated hereunder and under the Transaction Documents.

(b)           Except as provided in (i) Section 5.1(c), (ii) any exceptions to the indemnification provisions of Sections
5.2, 5.3 and 5.4, and (iii) any Transaction Document,
effective as of the Closing Date, GE does hereby, for itself and each other
member of the GE Group, their respective Affiliates, successors and assigns,
and all Persons who at any time prior to the Closing Date have been
stockholders, directors, officers, agents or employees of any member of the GE
Group (in each case, in their respective capacities as such), remise, release
and forever discharge Genworth, the respective members of the Genworth Group,
their respective Affiliates, successors and assigns, and all Persons who at any
time prior to the Closing Date have been stockholders, directors, officers,
agents or employees of any member of the Genworth Group (in each case, in their
respective capacities as such), and their respective heirs, executors, administrators,
successors and assigns, from any and all Liabilities whatsoever, whether at Law
or in equity (including any right of contribution), whether arising under any
contract or agreement, by operation of Law or otherwise, existing or arising
from any acts or events occurring or failing to occur or alleged to have
occurred or to have failed to occur or any conditions existing or alleged to
have existed on or before the Closing Date, including in connection with the
transactions and all other activities to implement the Separation, the Initial
Public Offering and any of the other transactions contemplated hereunder and
under the Transaction Documents.

(c)           Nothing contained in Section 5.1(a) or Section 5.1(b) shall impair any right of any Person to
enforce this Agreement, any Transaction Document or any agreements,
arrangements, commitments or understandings that are specified in Section 2.4(b) or the applicable Schedules thereto not to terminate as of the Closing
Date, in each case in accordance with its terms. Nothing contained in Section 5.1(a) or Section 5.1(b) shall release any Person from:

(i)            any Liability provided in or resulting from any
agreement among any members of the GE Group or the Genworth Group that is
specified in Section 2.4(b) or the applicable Schedules thereto not
to terminate as of the Closing Date, or any other Liability specified in such Section 2.4(b)
not to terminate as of the Closing Date;

(ii)           any
Liability, contingent or otherwise, assumed, transferred, assigned or allocated
to the Group of which such Person is a member in 

 

46

 

accordance with, or any
other Liability of any member of any Group under, this Agreement or any
Transaction Document;

(iii)          any Liability for the sale, lease, construction or
receipt of goods, property or services purchased, obtained or used in the
ordinary course of business by a member of one Group from a member of the other
Group prior to the Closing Date;

(iv)          any Liability for unpaid amounts for products or
services or refunds owing on products or services due on a value-received basis
for work done by a member of one Group at the request or on behalf of a member
of the other Group; or

(v)           any Liability that the parties may
have with respect to indemnification or contribution pursuant to this Agreement
or otherwise for claims brought against the parties by third Persons, which
Liability shall be governed by the provisions of this Article V
and, if applicable, the appropriate provisions of the Transaction Documents.

In addition, nothing
contained in Section 5.1(a) shall release GE from indemnifying any
director, officer or employee of Genworth who was a director, officer or
employee of GE or any of its Affiliates on or prior to the Closing Date, to the
extent such director, officer or employee is or becomes a named defendant in
any Action with respect to which he or she was entitled to such indemnification
pursuant to then existing obligations.

(d)           Genworth shall not make, and shall
not permit any member of the Genworth Group to make, any claim or demand, or
commence any Action asserting any claim or demand, including any claim of
contribution or any indemnification, against GE or any member of the GE Group,
or any other Person released pursuant to Section 5.1(a), with respect to any Liabilities released pursuant to Section 5.1(a).  GE shall not, and shall not
permit any member of the GE Group, to make any claim or demand, or commence any
Action asserting any claim or demand, including any claim of contribution or
any indemnification against Genworth or any member of the Genworth Group, or
any other Person released pursuant to Section 5.1(b), with respect to any Liabilities released pursuant to Section
5.1(b).

(e)           It is the intent of each of GE and
Genworth, by virtue of the provisions of this Section 5.1,
to provide for a full and complete release and discharge of all Liabilities
existing or arising from all acts and events occurring or failing to occur or
alleged to have occurred or to have failed to occur and all conditions existing
or alleged to have existed on or before the Closing Date, between or among
Genworth or any member of the Genworth Group, on the one hand, and GE or any
member of the GE Group, on the other hand (including any contractual agreements
or arrangements existing or alleged to exist between or among any such members
on or before the Closing Date), except as expressly set forth in Section 5.1(c).  At any time, at the request
of any other party, each party shall cause each member of its respective Group
to execute and deliver releases reflecting the provisions hereof.

 

47

 

5.2           General Indemnification by Genworth.  Except as provided in Section 5.5,
Genworth shall, and shall cause the other members of the Genworth Group to,
indemnify defend and hold harmless on an After-Tax Basis each member of the GE
Group and each of their respective directors, officers and employees, and each
of the heirs, executors, successors and assigns of any of the foregoing
(collectively, the “GE Indemnified Parties”), from and against any and
all Liabilities of the GE Indemnified Parties relating to, arising out of or
resulting from any of the following items (without duplication):

(a)           the failure of Genworth or any other
member of the Genworth Group or any other Person to pay, perform or otherwise
promptly discharge any Genworth Liabilities or Genworth Contract in accordance
with its respective terms, whether prior to or after the Closing Date;

(b)           any Genworth Liability or any
Genworth Contract;

(c)           the GE Guarantees and, except to the
extent it relates to an Excluded Liability, any other guarantee,
indemnification obligation, surety bond or other credit support agreement,
arrangement, commitment or understanding by any member of the GE Group for the
benefit of any member of the Genworth Group that survives the Closing;

(d)           any breach by any member of the
Genworth Group of this Agreement or any of the Transaction Documents (other
than the Transaction Documents set forth on Schedule 5.2(d)) or any
action by Genworth in contravention of its Amended and Restated Certificate of
Incorporation or Amended and Restated Bylaws; and

(e)           any untrue statement or alleged
untrue statement of a material fact contained in any GE Public Filing or any
other document filed with the SEC by any member of the GE Group pursuant to the
Securities Act or the Exchange Act, or any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they
were made, not misleading, in each case to the extent, but only to the extent,
that those Liabilities are caused by any such untrue statement or omission or
alleged untrue statement or omission based upon information that is either
furnished to any of the GE Indemnified Parties by any member of the Genworth
Group or incorporated by reference by any GE Indemnified Party from any filings
made by any member of the Genworth Group with the SEC pursuant to the
Securities Act or the Exchange Act, and then only if that statement or omission
was made or occurred after the Closing Date.

5.3           General
Indemnification by GE.  Except
as provided in Section 5.5, GE shall indemnify, defend and hold
harmless on an After-Tax Basis each member of the Genworth Group and each of
their respective directors, officers and employees, and each of the heirs,
executors, successors and assigns of any of the foregoing (collectively, the “Genworth
Indemnified Parties”), from and against any and 

 

48

 

all Liabilities of the
Genworth Indemnified Parties relating to, arising out of or resulting from any
of the following items (without duplication):

(a)           the failure of any member of the GE Group
or any other Person to pay, perform or otherwise promptly discharge any
Liabilities of the GE Group other than the Genworth Liabilities, whether prior
to or after the Closing Date or the date hereof;

(b)           any Excluded Liability or any
Liability of a member of the GE Group other than the Genworth Liabilities;

(c)           any breach by any member of the GE
Group of this Agreement or any of the Transaction Documents (other than the
Transaction Documents set forth on Schedule 5.3(c)); and

(d)           any untrue statement or alleged
untrue statement of a material fact contained in any document filed with the
SEC by any member of the Genworth Group pursuant to the Securities Act or the
Exchange Act other than the Registration Statements, or any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading, in each case to the extent, but only to
the extent, that those Liabilities are caused by any such untrue statement or
omission or alleged untrue statement or omission based upon information that is
either furnished to any member of the Genworth Indemnified Parties by any
member of the GE Group or incorporated by reference by any Genworth Indemnified
Party from any GE Public Filings or any other document filed with the SEC by
any member of the GE Group pursuant to the Securities Act or the Exchange Act.

5.4           Registration Statement
Indemnification.

(a)           Genworth agrees to indemnify and hold
harmless on an After-Tax Basis the GE Indemnified Parties and each Person, if
any, who controls any member of the GE Group within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act (collectively, the “Registration
Indemnified Parties”) from and against any and all Liabilities arising out
of or based upon any untrue statement or alleged untrue statement of a material
fact contained in any Registration Statement or Prospectus, or arising out of
or based upon any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, except insofar as such Liabilities arise out of or are based upon
any untrue statement or omission or alleged untrue statement or omission which
has been made therein or omitted therefrom in reliance upon and in conformity
with (i) the information set forth in the IPO Registration Statement, the
Equity Units Registration Statement, and the Series A Preferred Stock
Registration Statement that is described on Schedule 5.4 and (ii)
information relating to any underwriter furnished in writing to Genworth by or
on behalf of such underwriter expressly for use in the Registration Statement
or Prospectus.

 

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(b)           Each Registration Indemnified Party
agrees, severally and not jointly, to indemnify and hold harmless on an
After-Tax Basis Genworth and its Subsidiaries and any of their respective
directors or officers who sign any Registration Statement, and any person who
controls Genworth within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, to the same extent as the foregoing indemnity
from Genworth to each Registration Indemnified Party, but only with respect to
the information set forth in the IPO Registration Statement, the Equity Units
Registration Statement, and the Series A Preferred Stock Registration
Statement that is described on Schedule 5.4.  For purposes of this Section 5.4(b), any information relating to any underwriter that is contained in a
Registration Statement or Prospectus shall not be deemed to be information
relating to a Registration Indemnified Party. 
If any Action shall be brought against Genworth or its Subsidiaries, any
of their respective directors or officers, or any such controlling person based
on any Registration Statement or Prospectus and in respect of which indemnity
may be sought against a Registration Indemnified Party pursuant to this
paragraph (b), such Registration Indemnified Party shall have the rights and
duties given to Genworth by Section 5.5
hereof (except that if Genworth shall have assumed the defense thereof, such
Registration Indemnified Party shall not be required to, but may, employ
separate counsel therein and participate in the defense thereof, but the fees
and expenses of such counsel shall be at such Registration Indemnified Party’s
expense), and Genworth, its directors or officers, and any such controlling
person shall have the rights and duties given to such Registration Indemnified
Party by Section 5.5 hereof.

5.5           Contribution.

(a)           If the indemnification provided for
in this Article V is unavailable to, or insufficient to
hold harmless on an After-Tax Basis, an indemnified party under Section 5.2(e), Section 5.3(d) or Section 5.4
hereof in respect of any Liabilities referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of such Liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect the relative fault of
the indemnifying party and the indemnified party in connection with the actions
which resulted in Liabilities as well as any other relevant equitable
considerations.  The relative fault of
such indemnifying party and indemnified party shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by such indemnifying party or indemnified party, and
the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.  For the purposes of this Section 5.5(a), the information set forth in the IPO Registration Statement, the
Equity Units Registration Statement, and the Series A Preferred Stock
Registration Statement that is described on Schedule 5.4 shall be
the only “information supplied by” such Registration Indemnified Parties.

(b)           The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 5.5
were determined by a pro rata allocation or by any other method of allocation
that does not take account of the equitable considerations referred to in
paragraph (a) above. The amount paid or payable by an indemnified party 

 

50

 

as a result of the
Liabilities referred to in paragraph (a) above, shall be deemed to include,
subject to the limitations set forth above any legal or other fees or expenses
reasonably incurred by such indemnified party in connection with investigating
any claim or defending any Action. 
Notwithstanding the provisions of this Section 5.5,
a Registration Indemnified Party shall not be required to contribute any amount
in excess of the amount by which the proceeds to such Registration Indemnified
Party exceeds the amount of any damages which such Registration Indemnified
Party has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission.  No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent misrepresentation.

5.6           Indemnification Obligations Net of
Insurance Proceeds and Other Amounts, On an After-Tax Basis.

(a)           Any Liability subject to indemnification
or contribution pursuant to this Article V
will be net of Insurance Proceeds that actually reduce the amount of the
Liability and will be determined on an After-Tax Basis.  Accordingly, the amount which any party (an
“Indemnifying Party”) is required to pay to any Person entitled to
indemnification hereunder (an “Indemnified Party”) will be reduced by
any Insurance Proceeds theretofore actually recovered by or on behalf of the
Indemnified Party in respect of the related Liability.  If an Indemnified Party receives a payment
(an “Indemnity Payment”) required by this Agreement from an Indemnifying
Party in respect of any Liability and subsequently receives Insurance Proceeds,
then the Indemnified Party will pay to the Indemnifying Party an amount equal
to the excess of the Indemnity Payment received over the amount of the Indemnity
Payment that would have been due if the Insurance Proceeds had been received,
realized or recovered before the Indemnity Payment was made.

(b)           An insurer who would otherwise be
obligated to pay any claim shall not be relieved of the responsibility with respect
thereto or, solely by virtue of the indemnification provisions hereof, have any
subrogation rights with respect thereto. 
The Indemnified Party shall use its commercially reasonable efforts to
seek to collect or recover any third-party (which shall not include any captive
insurance subsidiary) Insurance Proceeds (other than Insurance Proceeds under
an arrangement where future premiums are adjusted to reflect prior claims in
excess of prior premiums) to which the Indemnified Party is entitled in connection
with any Liability for which the Indemnified Party seeks indemnification
pursuant to this Article V; provided that the Indemnified Party’s inability to collect or
recover any such Insurance Proceeds shall not limit the Indemnifying Party’s
obligations hereunder.

(c)           The term “After-Tax Basis” as used in
this Article V means that, in determining the amount of the payment necessary
to indemnify any party against, or reimburse any party for, Liabilities, the
amount of such Liabilities will be determined net of any reduction in Tax
derived by the indemnified party as the result of sustaining or paying such
Liabilities, and the amount of such indemnification payment will be increased
(i.e., “grossed up”) by the amount necessary to satisfy any income or franchise

 

51

 

Tax liabilities incurred
by the indemnified party as a result of its receipt of, or right to receive,
such indemnification payment (as so increased), so that the indemnified party
is put in the same net after-Tax economic position as if it had not incurred
such Liabilities, in each case without taking into account any impact on the
tax basis that an indemnified party has in its assets.

5.7           Procedures for Indemnification of
Third Party Claims.

(a)           If an Indemnified Party shall receive
notice or otherwise learn of the assertion by a Person (including any
Governmental Authority) who is not a member of the GE Group or the Genworth
Group of any claim or of the commencement by any such Person of any Action
(collectively, a “Third Party
Claim”) with respect to which an Indemnifying Party may be obligated to
provide indemnification to such Indemnified Party pursuant to Section 5.2,
Section 5.3 or Section 5.4,
or any other Section of this Agreement or any Transaction Document, such
Indemnified Party shall give such Indemnifying Party written notice thereof
within 20 days after becoming aware of such Third Party Claim.  Any such notice shall describe the Third
Party Claim in reasonable detail. 
Notwithstanding the foregoing, the failure of any Indemnified Party or
other Person to give notice as provided in this Section 5.7(a) shall not relieve the Indemnifying Party of its obligations under this
Article V, except to the extent that such
Indemnifying Party is actually prejudiced by such failure to give notice.

(b)           An Indemnifying Party may elect to defend
(and to seek to settle or compromise), at such Indemnifying Party’s own expense
and by such Indemnifying Party’s own counsel, any Third Party Claim.  Within 30 days after the receipt of notice
from an Indemnified Party in accordance with Section 5.7(a) (or sooner, if the nature of such Third Party Claim so requires), the
Indemnifying Party shall notify the Indemnified Party of its election whether
the Indemnifying Party will assume responsibility for defending such Third
Party Claim, which election shall specify any reservations or exceptions.  After notice from an Indemnifying Party to
an Indemnified Party of its election to assume the defense of a Third Party Claim,
such Indemnified Party shall have the right to employ separate counsel and to
participate in (but not control) the defense, compromise, or settlement
thereof, but the fees and expenses of such counsel shall be the expense of such
Indemnified Party except as set forth in the next sentence.  If the Indemnifying Party has elected to
assume the defense of the Third Party Claim but has specified, and continues to
assert, any reservations or exceptions in such notice, then, in any such case,
the reasonable fees and expenses of one separate counsel for all Indemnified
Parties shall be borne by the Indemnifying Party, but the Indemnifying Party
shall be entitled to reimbursement by the Indemnified Party for payment of any
such fees and expenses to the extent that it establishes that such reservations
and exceptions were proper.

(c)           If an Indemnifying Party elects not to
assume responsibility for defending a Third Party Claim, or fails to notify an
Indemnified Party of its election as provided in Section 5.7(b), such Indemnified Party may defend such Third Party Claim at the cost
and expense of the Indemnifying Party.

 

52

 

(d)           Unless the Indemnifying Party has failed
to assume the defense of the Third Party Claim in accordance with the terms of
this Agreement, no Indemnified Party may settle or compromise any Third Party
Claim without the consent of the Indemnifying Party.  No Indemnifying Party shall consent to entry of any judgment or
enter into any settlement of any pending or threatened Third Party Claim in
respect of which any Indemnified Party is or could have been a party and
indemnity could have been sought hereunder by such Indemnified Party without
the consent of the Indemnified Party if (i) the effect thereof is to permit any
injunction, declaratory judgment, other order or other nonmonetary relief to be
entered, directly or indirectly against such Indemnified Party and (ii) such
settlement does not include an unconditional release of such Indemnified Party
from all liability on claims that are the subject matter of such Third Party
Claim.

(e)           The provisions of this Section 5.7
shall not apply to Taxes (which are covered by the Tax Matters Agreement).

5.8           Additional Matters.

(a)           Indemnification or contribution
payments in respect of any Liabilities for which an Indemnified Party is
entitled to indemnification or contribution under this Article V
shall be paid by the Indemnifying Party to the Indemnified Party as such
Liabilities are incurred upon demand by the Indemnified Party, including
reasonably satisfactory documentation setting forth the basis for the amount of
such indemnification or contribution payment, including documentation with
respect to calculations made on an After-Tax Basis and consideration of any
Insurance Proceeds that actually reduce the amount of such Liabilities.  The indemnity and contribution agreements
contained in this Article V shall remain operative and in full force
and effect, regardless of (i) any investigation made by or on behalf of any
Indemnified Party; (ii) the knowledge by the Indemnified Party of Liabilities
for which it might be entitled to indemnification or contribution hereunder;
and (iii) any termination of this Agreement.

(b)           Any claim on account of a Liability
which does not result from a Third Party Claim shall be asserted by written
notice given by the Indemnified Party to the applicable Indemnifying
Party.  Such Indemnifying Party shall
have a period of 30 days after the receipt of such notice within which to
respond thereto.  If such Indemnifying
Party does not respond within such 30-day period, such Indemnifying Party shall
be deemed to have refused to accept responsibility to make payment.  If such Indemnifying Party does not respond
within such 30-day period or rejects such claim in whole or in part, such
Indemnified Party shall be free to pursue such remedies as may be available to
such party as contemplated by this Agreement and the Transaction Documents
without prejudice to its continuing rights to pursue indemnification or
contribution hereunder.

(c)           If payment is made by or on behalf of any
Indemnifying Party to any Indemnified Party in connection with any Third Party
Claim, such Indemnifying Party shall be subrogated to and shall stand in the
place of such Indemnified Party as to 

 

53

 

any events or
circumstances in respect of which such Indemnified Party may have any right,
defense or claim relating to such Third Party Claim against any claimant or
plaintiff asserting such Third Party Claim or against any other Person.  Such Indemnified Party shall cooperate with
such Indemnifying Party in a reasonable manner, and at the cost and expense of
such Indemnifying Party, in prosecuting any subrogated right, defense or claim.

(d)           In an Action in which the
Indemnifying Party is not a named defendant, if either the Indemnified Party or
Indemnifying Party shall so request, the parties shall endeavor to substitute
the Indemnifying Party for the named defendant if they conclude that
substitution is desirable and practical. 
If such substitution or addition cannot be achieved for any reason or is
not requested, the named defendant shall allow the Indemnifying Party to manage
the Action as set forth in this section, and the Indemnifying Party shall fully
indemnify the named defendant against all costs of defending the Action
(including court costs, sanctions imposed by a court, attorneys’ fees, experts
fees and all other external expenses), the costs of any judgment or settlement,
and the cost of any interest or penalties relating to any judgment or
settlement.

(e)           The provisions of this Section 5.8
shall not apply to Taxes and related matters covered under Section 16 of the
Tax Matters Agreement.

5.9           Remedies Cumulative; Limitations of
Liability.  The rights provided
in this Article V shall be cumulative and, subject to the
provisions of Article VII, shall not preclude assertion by any
Indemnified Party of any other rights or the seeking of any and all other
remedies against any Indemnifying Party. 
Notwithstanding the foregoing, neither Genworth or its Affiliates, on
the one hand, nor any GE Party, on the other hand, shall be liable to the other
for any special, indirect, incidental, punitive, consequential, exemplary,
statutorily-enhanced or similar damages in excess of compensatory damages
(provided that any such liability with respect to a Third Party Claim shall be
considered direct damages) of the other arising in connection with the
Transactions.

5.10         Survival
of Indemnities.  The rights and
obligations of each of GE and Genworth and their respective Indemnified Parties
under this Article V shall survive the sale or other transfer
by any party of any Assets or businesses or the assignment by it of any
Liabilities.

ARTICLE VI

OTHER AGREEMENTS

6.1           Further Assurances.

(a)           In addition to the actions
specifically provided for elsewhere in this Agreement, each of the parties
hereto will cooperate with each other and use (and will cause their respective
Subsidiaries and Affiliates to use) commercially reasonable 

 

54

 

efforts, prior to, on and
after the Closing Date, to take, or to cause to be taken, all actions, and to
do, or to cause to be done, all things reasonably necessary on its part under
applicable Law or contractual obligations to consummate and make effective the
transactions contemplated by this Agreement and the Transaction Documents.

(b)           Without limiting the foregoing, prior
to, on and after the Closing Date, each party hereto shall cooperate with the
other parties, and without any further consideration, but at the expense of the
requesting party from and after the Closing Date, to execute and deliver, or
use its commercially reasonable efforts to cause to be executed and delivered,
all instruments, including instruments of conveyance, assignment and transfer,
and to make all filings with, and to obtain all consents, approvals or
authorizations of, any Governmental Authority or any other Person under any
permit, license, agreement, indenture or other instrument (including any
Consents or Governmental Approvals), and to take all such other actions as such
party may reasonably be requested to take by any other party hereto from time
to time, consistent with the terms of this Agreement and the Transaction
Documents, in order to effectuate the provisions and purposes of this Agreement
and the Transaction Documents and the transfers of the Genworth Assets and the
assignment and assumption of the Genworth 
Liabilities and the other transactions contemplated hereby and
thereby.  Without limiting the
foregoing, each party will, at the reasonable request, cost and expense of any
other party, take such other actions as may be reasonably necessary to vest in
such other party good and marketable title to the Assets allocated to such
party under this Agreement or any of the Transaction Documents, free and clear
of any Security Interest, if and to the extent it is practicable to do so.

(c)           On or prior to the Closing Date, GE and
Genworth in their respective capacities as direct and indirect stockholders of
their respective Subsidiaries, shall each ratify any actions that are
reasonably necessary or desirable to be taken by GE, Genworth or any other
Subsidiary of GE or Genworth, as the case may be, to effectuate the
transactions contemplated by this Agreement. 
On or prior to the Closing Date, GEFAHI and Genworth shall take all
actions as may be necessary to approve the stock-based employee benefit plans of
Genworth in order to satisfy the requirements of Rule 16b-3 under the Exchange
Act and the applicable rules and regulations of The New York Stock Exchange.

6.2           Confidentiality.

(a)              From
and after the Closing, subject to Section 6.2(c) and except as contemplated by this Agreement or any
Transaction Document, the GE Parties shall not, and shall cause their
respective Affiliates and their respective officers, directors, employees, and
other agents and representatives, including attorneys, agents, customers,
suppliers, contractors, consultants and other representatives of any Person
providing financing (collectively, “Representatives”), not to, directly
or indirectly, disclose, reveal, divulge or communicate to any Person other
than Representatives of such party or of its Affiliates who reasonably need to
know such information in providing services to any member of the GE Group or
use or otherwise exploit for its own benefit or for the benefit of any third
party, any Genworth Confidential Information. 
If any disclosures 

 

55

 

are made in connection
with providing services to any member of the GE Group under this Agreement or
any Transaction Document, then the Genworth Confidential Information so
disclosed shall be used only as required to perform the services.  The GE Parties shall use the same degree of
care to prevent and restrain the unauthorized use or disclosure of the Genworth
Confidential Information by any of their Representatives as they currently use
for their own confidential information of a like nature, but in no event less
than a reasonable standard of care.  For
purposes of this Section 6.2, any Information, material or documents
relating to the Genworth Business currently or formerly conducted, or proposed
to be conducted, by any member of the Genworth Group furnished to or in
possession of the GE Parties, irrespective of the form of communication, and
all notes, analyses, compilations, forecasts, data, translations, studies,
memoranda or other documents prepared by the GE Parties or their respective
officers, directors and Affiliates, that contain or otherwise reflect such
information, material or documents is hereinafter referred to as  “Genworth Confidential Information.”  “Genworth Confidential Information”
does not include, and there shall be no obligation hereunder with respect to,
information that (i) is or becomes generally available to the public, other
than as a result of a disclosure by any of the GE Parties not otherwise
permissible hereunder, (ii) such GE Party can demonstrate was or became
available to such GE Party from a source other than Genworth or its Affiliates
or (iii) is developed independently by such GE Party without reference to the
Genworth Confidential Information; provided, however, that, in
the case of clause (ii), the source of such information was not known by the GE
Parties to be bound by a confidentiality agreement with, or other contractual,
legal or fiduciary obligation of confidentiality to, Genworth or any member of
the Genworth Group with respect to such information.

(b)           From and after the Closing, subject
to Section 6.2(c) and except as contemplated by this Agreement
or any Transaction Document, Genworth shall not, and shall cause its Affiliates
and their respective Representatives, not to, directly or indirectly, disclose,
reveal, divulge or communicate to any Person other than Representatives of such
party or of its Affiliates who reasonably need to know such information in
providing services to Genworth or any member of the Genworth Group or use or
otherwise exploit for its own benefit or for the benefit of any third party,
any GE Confidential Information.  If any
disclosures are made in connection with providing services to any member of the
Genworth Group under this Agreement or any Transaction Document, then the GE
Confidential Information so disclosed shall be used only as required to perform
the services.  The Genworth Group shall
use the same degree of care to prevent and restrain the unauthorized use or
disclosure of the GE Confidential Information by any of their Representatives
as they currently use for their own confidential information of a like nature,
but in no event less than a reasonable standard of care.  For purposes of this Section 6.2,
any Information, material or documents relating to the businesses currently or
formerly conducted, or proposed to be conducted, by GE or any of its Affiliates
(other than any member of the Genworth Group) furnished to or in possession of
any member of the Genworth Group, irrespective of the form of communication,
and all notes, analyses, compilations, forecasts, data, translations, studies,
memoranda or other documents prepared by Genworth, any member of the Genworth
Group or their respective officers, directors and Affiliates, that contain or
otherwise reflect such information, material or documents 

 

56

 

is hereinafter referred
to as  “GE Confidential Information.”  “GE Confidential Information” does
not include, and there shall be no obligation hereunder with respect to,
information that (i) is or becomes generally available to the public, other
than as a result of a disclosure by any member of the Genworth Group not
otherwise permissible hereunder, (ii) Genworth can demonstrate was or became
available to Genworth from a source other than the GE Parties and their
respective Affiliates or (iii) is developed independently by such member of the
Genworth Group without reference to the GE Confidential Information; provided,
however, that, in the case of clause (ii), the source of such
information was not known by Genworth to be bound by a confidentiality
agreement with, or other contractual, legal or fiduciary obligation of
confidentiality to, any of the GE Parties or their respective Affiliates with
respect to such information.

(c)           If any of the GE Parties or their
respective Affiliates, on the one hand, or Genworth or its Affiliates, on the
other hand, are requested or required (by oral question, interrogatories,
requests for information or documents, subpoena, civil investigative demand or
similar process) by any Governmental Authority or pursuant to applicable Law to
disclose or provide any Genworth Confidential Information or GE Confidential
Information (other than with respect to any such information furnished pursuant
to the provisions of Article IV of this Agreement), as applicable, the entity
or person receiving such request or demand shall use all reasonable efforts to
provide the other party with written notice of such request or demand as
promptly as practicable under the circumstances so that such other party shall
have an opportunity to seek an appropriate protective order.  The party receiving such request or demand
agrees to take, and cause its representatives to take, at the requesting
party’s expense, all other reasonable steps necessary to obtain confidential
treatment by the recipient.  Subject to
the foregoing, the party that received such request or demand may thereafter
disclose or provide any Genworth Confidential Information or GE Confidential
Information, as the case may be, to the extent required by such Law (as so
advised by counsel) or by lawful process or such Governmental Authority.

6.3           Insurance Matters.

(a)           Schedule 6.3
sets forth the Insurance Policies under which members of the Genworth Group
will continue to have coverage until the Trigger Date, and the amounts payable
by Genworth to GE under each such Insurance Policy from and after the Closing
Date.  Members of the Genworth Group
will pay retrospective premium adjustments under each such Insurance Policy
based on their loss experience under the Insurance Policy and in accordance
with the pricing methodologies set forth on Schedule 6.3.  Except as otherwise set forth on Schedule 6.3,
the members of the Genworth Group will have coverage under all Insurance
Policies with respect to periods prior to the Trigger Date in accordance with
the terms of each such Insurance Policy. 
GE and Genworth agree to cooperate in good faith to provide for an
orderly transition of insurance coverage from the Closing Date through the
Trigger Date, and for the treatment of any Insurance Policies that will remain
in effect following the Trigger Date on a mutually agreeable basis.  Genworth may cancel coverage under any Insurance
Policy by written notice to GE at least sixty (60) days prior to such
cancellation.  In no event shall GE, any
other member of the GE Group or any GE Indemnified Party have 

 

57

 

liability or obligation
whatsoever to any member of the Genworth Group if any Insurance Policy or other
contract or policy of insurance shall be terminated or otherwise cease to be in
effect or for any reason shall be unavailable or inadequate to cover any
Liability of any member of the Genworth Group for any reason whatsoever or
shall not be renewed or extended beyond the current expiration date.  GE shall provide notice to Genworth promptly
upon its becoming aware that any Insurance Policy has been terminated or is
otherwise no longer in effect or is reasonably likely to be terminated or
otherwise cease to be in effect.

(b)           (i)          Except
as otherwise provided in any Transaction Document, the parties intend by this
Agreement that Genworth and each other member of the Genworth Group be
successors-in-interest to all rights that any member of the Genworth Group may
have as of the Closing Date as a subsidiary, affiliate, division or department
of GE prior to the Closing Date under any policy of insurance issued to GE by
any insurance carrier or under any agreements related to such policies executed
and delivered prior to the Closing
Date, including any rights such member of the Genworth Group may have, as an
insured or additional named insured, subsidiary, affiliate, division or
department, to avail itself of any such policy of insurance or any such
agreements related to such policies as in effect prior to the Closing Date. At
the request of Genworth, GE shall take all reasonable steps, including the
execution and delivery of any instruments, to effect the foregoing; provided,
however that GE shall not be required to pay any amounts, waive any
rights or incur any Liabilities in connection therewith.

(ii)           Except as otherwise contemplated by
any Transaction Document, after the Closing Date, none of GE or Genworth or any
member of their respective Groups shall, without the consent of the other,
provide any such insurance carrier with a release, or amend, modify or waive
any rights under any such policy or agreement, if such release, amendment,
modification or waiver would adversely affect any rights or potential rights of
any member of the other Group thereunder; provided, however that
the foregoing shall not (A) preclude any member of any Group from presenting
any claim or from exhausting any policy limit, (B) require any member of any
Group to pay any premium or other amount or to incur any Liability, or (C) require any member of any Group to
renew, extend or continue any policy in force. Each of Genworth and GE will
share such information as is reasonably necessary in order to permit the other
to manage and conduct its insurance matters in an orderly fashion.

(c)           This Agreement shall not be
considered as an attempted assignment of any policy of insurance or as a
contract of insurance and shall not be construed to waive any right or remedy
of any member of the GE Group in respect of any Insurance Policy or any other
contract or policy of insurance.

(d)           Genworth does hereby, for itself and
each other member of the Genworth Group, agree that no member of the GE Group
or any GE Indemnified Party shall have any Liability whatsoever to Genworth or any other member
of the Genworth Group as a result of the insurance policies and practices of GE
and its Affiliates as in effect at any time prior to the Closing Date,
including as a result of the level or scope of 

 

58

 

any such insurance, the
creditworthiness of any insurance carrier, the terms and conditions of any
policy, the adequacy or timeliness of any notice to any insurance carrier with
respect to any claim or potential claim or otherwise.

(e)           Nothing in this Agreement shall be
deemed to restrict any member of the Genworth Group from acquiring at its own
expense any other insurance policy in respect of any Liabilities or covering
any period; provided that Genworth shall give GE prompt written notice
of any such insurance policy acquired prior to the Trigger Date.

6.4           Allocation
of Costs and Expenses.  GE shall
pay (or, to the extent incurred by and paid for by any member of the Genworth
Group, will promptly reimburse such party for any and all amounts so paid) for
all out-of-pocket fees, costs and expenses incurred by Genworth or any member
of the GE Group prior to and simultaneously with the consummation of the
Initial Public Offering in connection with the Transactions, including (a) the
preparation and negotiation of this Agreement, each Transaction Document
(unless otherwise expressly provided therein), the Genworth Bridge Loan, the
Genworth Credit Facilities, the Genworth Senior Notes and the $1.0 billion
Genworth commercial paper facility and all other documentation related to the
Transactions and all related transactions, (b) the preparation and execution or
filing of any and all other documents, agreements, forms, applications,
contracts or consents associated with the Transactions and all related
transactions, (c) the preparation and filing of Genworth’s and its
Subsidiaries’ organizational documents, (d) the preparation, printing and
filing of any Registration Statement, including all fees and expenses of
complying with applicable federal, state or foreign securities Laws and
domestic or foreign securities exchange rules and regulations, together with
fees and expenses of counsel retained to effect such compliance, (e) the
preparation, printing and distribution of each Prospectus, (f) the private
letter ruling from the Internal Revenue Service sought in connection with the
Transactions, (g) the initial listing of the Genworth Common Stock, the
Series A Preferred Stock and the Genworth Equity Units on The New York
Stock Exchange and (h) the preparation (including, but not limited to, the
printing of documents) and implementation of Genworth’s or its Subsidiaries’
employee benefit plans, retirement plans and equity-based plans.  In addition, GE shall pay (or, to the extent
incurred by and paid for by any member of the Genworth Group, will promptly
reimburse such party for any and all amounts so paid) for all out-of-pocket
fees, costs and expenses incurred by Genworth or any member of the GE Group or
Genworth Group following the consummation of the Initial Public Offering in
connection with (1) the preparation, printing and filing of the Debt
Registration Statement, including all fees and expenses of complying with
applicable federal, state or foreign securities Laws and domestic or foreign
securities exchange rules and regulations, together with fees and expenses of
counsel retained to effect such compliance, (2) the preparation, printing and
distribution of the Prospectus included in the Debt Registration Statement, (3)
the consummation of the Genworth Credit Facilities, the Genworth Senior Notes
and the $1.0 billion Genworth commercial paper facility, (4) the consummation
of the transfer of the Delayed Transfer Assets and the assumption of the Delayed
Transfer Liabilities; (5) the exercise of any Over-Allotment Option and (6) the
FACL Bond Portfolio Reinsurance pursuant to Section 2.10(a) and the
transfer of the FACL Bonds to an appropriate member of the GE 

 

59

 

Group pursuant to Section
2.10(b); provided, that prior to the Closing Date Genworth shall
deliver to GE a good faith estimate of the out-of-pocket fees, costs and
expenses expected to be incurred in connection with the foregoing clauses (1)
through (4) and clause (6).

6.5           Covenants Against Taking Certain
Actions Affecting GE.

(a)           Genworth hereby covenants and agrees
that it shall not, without the prior written consent of GE (which it may
withhold in its sole and absolute discretion) take, or cause to be taken,
directly or indirectly, any action, including making or failing to make any
election under the Law of any state, which
has the effect, directly or indirectly, of restricting or limiting the ability
of GE or any of its Affiliates to freely sell, transfer, assign, pledge or
otherwise dispose of shares of Genworth Common Stock.  Without limiting the generality of the foregoing, Genworth shall
not, without the prior written consent of GE (which it may withhold in its sole
and absolute discretion), take any action, or recommend to its stockholders any
action, which would among other things, limit the legal rights of, or deny any
benefit to, GE as a Genworth stockholder in a manner not applicable to Genworth
stockholders generally.

(b)           Prior to the Trigger Date, to the
extent that any member of the GE Group is a party to any contract or agreement
with a third party (i) that provides that certain actions of GE’s Subsidiaries
may result in GE being in breach of or in default under such agreement and GE
has advised Genworth, or Genworth is otherwise aware, of the existence of, such
contract or agreement (or the relevant portions thereof), (ii) to which any
member of the Genworth Group is a party or (iii) under which any member of the
Genworth Group has performed any obligations on or before the date hereof,
Genworth shall not take, and shall cause each other member of the Genworth
Group not to take, any actions that reasonably could result in any member of
the GE Group being in breach of or in default under any such contract or
agreement; provided, that, except as set forth in any Transaction
Document or otherwise agreed to in writing by any member of the Genworth Group,
the foregoing shall not obligate any member of the Genworth Group to satisfy
any volume assumptions or targets in any such contracts or agreements that are
not specifically applicable to such member of the Genworth Group in such
contracts or agreements.  As of the date
hereof, the contracts and agreements described in clause (i) above are set
forth or generally described on Schedule 6.5(b). Genworth hereby acknowledges and agrees that GE has made available to
Genworth copies of each contract or agreement (or the relevant portion thereof)
described on Schedule 6.5(b). The parties acknowledge and agree that,
after the date hereof, GE may in good faith (and not solely with the intention
of imposing restrictions on Genworth pursuant to this covenant) amend the
referenced agreements or enter into additional contracts or agreements that
provide that certain actions of any member of the Genworth Group may result in
GE being in breach of or in default under such agreements; provided that
GE shall use reasonable efforts to notify and consult with Genworth prior to
entering into any such amendments or additional contracts or agreements to the
extent that compliance therewith (i) could reasonably be expected to have a
material adverse effect on any member of the Genworth Group or (ii) would
discriminate in an adverse way in the treatment of members of the Genworth
Group as compared with GE and its 

 

60

 

other Affiliates, and shall make available to Genworth copies of such
amendments or additional contracts or agreements.  In such event, Schedule 6.5(b) shall be deemed to be automatically amended to reflect the addition of
any other contracts or agreements (or relevant portions thereof) of which GE
advises Genworth after the date hereof in accordance with this Section 6.5(b).

 

(c)           Genworth shall not, without GE’s
prior written consent, enter into any agreement or arrangement that, directly
or indirectly, binds or purports to bind any member of the GE Group.

6.6           No Violations.

(a)           Genworth covenants and agrees that it
shall not, and shall cause its Subsidiaries not to, take any action or enter
into any commitment or agreement that may reasonably be anticipated to result,
with or without notice and with or without lapse of time or otherwise, in a
contravention or event of default by any member of the GE Group of: (i) any
provisions of applicable Law; (ii) any provision of the organizational
documents of any member of the GE Group; (iii) any credit agreement or other
material instrument binding upon any member of the GE Group in effect as of the
Closing Date; or (iv) any judgment, order or decree of any Governmental
Authority having jurisdiction over any member of the GE Group or any of its
respective assets.

(b)           GE covenants and agrees that it shall
not, and shall cause its Subsidiaries not to take any action or enter into any
commitment or agreement that may reasonably be anticipated to result, with or
without notice and with or without lapse of time or otherwise, in a
contravention or event of default by any member of the Genworth Group of: (i)
any provisions of applicable Law; (ii) any provision of the organizational
documents of Genworth; (iii) any credit agreement or other material instrument
binding upon Genworth in effect as of the Closing Date; (iv) the Genworth
Bridge Loan and the Genworth Senior Notes; or (v) any judgment, order or decree
of any Governmental Authority having jurisdiction over Genworth or any of its
Assets.

(c)           Genworth and GE agree to provide to
the other any information and documentation reasonably requested by the other
for the purpose of evaluating and ensuring compliance with Sections 6.6(a) and Section 6.6(b) hereof.

(d)           Notwithstanding Section 6.6(b), nothing in this Agreement is intended to limit or restrict in any way
GE’s or its Affiliates’ rights as shareholders of Genworth.

6.7           Registration
Statements.  To the extent
necessary to enable the unrestricted transfer of the applicable shares of
Genworth Common Stock, upon consummation of the Initial Public Offering,
Genworth shall file and cause to remain effective a registration statement with
the SEC to register Genworth Common Stock that may be acquired by employees of
any member of the Genworth Group as contemplated by GE’s or its Subsidiaries’
employee stock or option plans.

 

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6.8           Charter
Provision.  Genworth shall, and
shall cause each of its Subsidiaries to, take any and all actions necessary to
ensure continued compliance by Genworth and its Subsidiaries with the
provisions of its certificate or articles of incorporation and by-laws.  Genworth shall notify GE in writing promptly
after becoming aware of any act or activity taken or proposed to be taken by
Genworth or any of its Subsidiaries which resulted or would result in
non-compliance with any such charter provisions and so long as GE owns any
shares of Class B Common Stock Genworth shall take or refrain from taking all
such actions as GE shall in its sole discretion determine necessary or
desirable to prevent or remedy any such non-compliance.

6.9           Litigation and Settlement Cooperation.  Prior to the Trigger Date, GE will use its
commercially reasonable efforts to include Genworth and its Subsidiaries in the
settlement of any Third Party Claim which jointly involves a member of the GE
Group and a member of the Genworth Group; provided, however, that
Genworth shall be responsible for its share of any such settlement obligation
and any incremental cost (as reasonably determined by GE) to GE of including
Genworth in such settlement; provided, further, that Genworth
shall be permitted in good faith to opt out of any settlement if Genworth
agrees to be responsible for defending its share of such Third Party
Claim.  The parties agree to cooperate
in the defense and settlement of any such Third Party Claim which primarily
relates to matters, actions, events or occurrences taking place prior to the
Trigger Date.  In addition, both
Genworth and GE will use their commercially reasonable efforts to make the
necessary filings to permit each party to defend its own interests in any such
Third Party Claim as of the Trigger Date, or as soon as practicable thereafter.

6.10         Continuation of Certain Arrangements.  GE and Genworth will each use commercially
reasonably efforts to continue or cause to be continued the arrangements
described in Schedule 6.10.

6.11         Future
Intercompany Transactions.  All
proposed intercompany transactions between Genworth and GE after the Closing
Date, including any material amendments to the Transaction Documents, and any
consent or approval proposed to be granted by Genworth for GE’s benefit, in
each case that would ordinarily be submitted for approval by the board of
directors of Genworth will be subject to the approval of a majority of the
independent directors (as defined under the applicable rules of any securities exchange
on which shares of Genworth Common Stock are listed) of the board of directors
of Genworth.

6.12         Use of Restricted Marks; Certain
Commercial Arrangements.

(a)           Except as otherwise set forth below,
during the period commencing on the Closing Date and ending on the first to
occur of (x) the fifth anniversary of the Closing Date, (y) the termination of
the right to use the Licensed Marks with respect to products and services under
the Transitional Trademark Agreement, and (z) solely with respect to a specific
type of product or service in a particular jurisdiction (including the use of
the Licensed Marks in connection with products and services offered and
jurisdictions entered after the Closing Date in 

 

62

 

accordance with
the Transitional Trademark Agreement), the first date that Genworth ceases to
use the Licensed Marks for a period of at least 180 days with respect to such
type of product or service in such jurisdiction, GE will not, and will cause
its Affiliates not to, use the Restricted Marks in connection with (i) the
underwriting, marketing, endorsing, issuing, or administering (other than in
connection with a reinsurance relationship) on a primary basis of life
insurance, long-term care insurance, annuities (other than in conjunction with
the offering of a GE or GE Affiliate-managed mutual fund investment offering
underlying such annuities), and work site benefits insurance (for the avoidance
of doubt, excluding employer stop loss, workers compensation, and excess
workers compensation insurance underwritten or issued by any GE Affiliate on a
direct basis as of the date hereof, provided that in connection
therewith, the Restricted Marks are used in a substantially similar manner as
used as of the date hereof) in the United States or of auto insurance products
in the Republic of Mexico or (ii) the underwriting or issuing of mortgage
insurance products or similar products providing credit default protection on
residential mortgages anywhere in the world. 
In connection with clause (z) above, Genworth shall notify GE as
promptly as practicable in connection with any cessation of use of the
Restricted Marks as set forth above.

(b)           Notwithstanding the foregoing, and
without implicitly agreeing that any of the following activities would be
prohibited by the restrictions set forth in paragraph (a) above, GE and its
Affiliates shall not be prohibited from (i) using the Restricted Marks in any
way in connection with (A) any business in which GE or any of its Affiliates
(which, for purposes of this clause, shall not include Genworth and its
Subsidiaries) is engaged as of the Closing or (B) the activities set forth on Schedule
6.12(b)(i)(B); (ii) using the Restricted Marks in the underwriting,
marketing, endorsing, issuing, renewing, amending, and administering of any and
all types of reinsurance and retrocession whether or not so used by GE or any
of its Affiliates as of the Closing, including without limitation, reinsurance
and retrocession of the types of business that, if underwritten or marketed on
a primary basis by GE or its Affiliates using the Restricted Marks would
violate the restrictions set forth in paragraph (a) above, provided that
in connection with such reinsurance or retrocession, GE and its Affiliates will
not use the Restricted Marks in marketing activities primarily directed to
consumers; or (iii) making references to any Affiliate of GE as an Affiliate of
GE or any of GE’s Affiliates (including, without limitation, for the purposes
of evidencing credit rating or other support); or (iv) making such disclosures
as may be required by applicable Law.

(c)           GE and Genworth agree that the
underwriting, marketing, or issuing of payment protection products (as defined
in the Framework Agreement) by GE’s Consumer Finance Division in Europe shall
be governed by the Framework Agreement. 
GE agrees that to the extent GE or any other controlled Affiliate of GE
desires to offer payment protection products in the jurisdictions covered by
the Framework Agreement in conjunction with a consumer financing arrangement
where GE or a GE Affiliate acts as the provider of finance, GE shall, or shall
cause such controlled Affiliate, to enter into an arrangement substantially
similar to, and for the period covered by, the Framework Agreement.

 

63

 

(d)           GE agrees that if it or any of its
controlled Affiliates decides to purchase mortgage insurance or any similar
products in respect of any residential first mortgage loans or any such loans
as it may purchase from third parties, it will so advise Genworth and, if the
contemplated transactions would be in a market where Genworth is authorized to
conduct such business, or can become so authorized within a three month period,
seek a proposal for such coverage from Genworth no later than when it seeks
such proposals or offers from any other sources.  This obligation shall not apply in a market where GE or such
controlled Affiliate has an existing relationship with a third party provider
where it decides to purchase additional cover in respect of residential first
mortgage loans from that provider in that market.  GE and its controlled Affiliates will retain the right, in their
sole discretion, to accept or reject Genworth’s proposals or terms.

(e)           The parties agree that it is not
their intention to violate any law.  The
parties intend that the provisions of this Section 6.12 be enforced to the
fullest extent permissible under the laws applicable in each jurisdiction in
which enforcement is sought.  If any
provision of this Section 6.12 is found by a court or arbitrator to be
unenforceable, the parties authorize the court or arbitrator to amend or modify
the provision to make it enforceable in the most restrictive fashion permitted
by law.  For the avoidance of doubt, any
Disputes relating to this Section 6.12 shall be resolved in accordance with the
procedures set forth in Article VII of this Agreement except, with respect to
paragraph (c), as otherwise provided in the Framework Agreement.  GE acknowledges that any violation of the
restrictions set forth above could result in irreparable injury to Genworth and
that, in the event of a violation by GE or its Affiliates, Genworth shall be
entitled to obtain injunctive relief in accordance with Article VII.

6.13         Committees.

(a)           Compensation Committee.  Prior to the Trigger Date, the compensation
committee of the board of directors of Genworth shall be comprised of three
directors, one of whom shall be designated by GE and two of whom shall be
independent directors as defined under the applicable rules of any securities
exchange on which shares of Genworth Common Stock are listed.  From and after the Trigger Date, the
compensation committee shall be comprised of three directors each of whom shall
be independent directors as defined under the applicable rules of any
securities exchange on which shares of Genworth Common Stock are listed.

(b)           Nominating Committee.  Prior to the Trigger Date the nominating
committee shall be comprised of five directors, one of whom shall be the chief
executive officer of Genworth, one of whom shall be designated by GE and three
of whom shall be independent directors as defined under the applicable rules of
any securities exchange on which shares of Genworth Common Stock are
listed.  From and after the Trigger
Date, the nominating committee shall be comprised of three directors each of
whom shall be independent directors as defined under the applicable rules of
any securities exchange on which shares of Genworth Common Stock are listed.

 

64

 

6.14         Genworth Bridge Loan.  Genworth shall enter into the Genworth
Bridge Loan prior to the consummation of the Initial Public Offering.

6.15         GE Policies.  If a provision of Genworth’s Amended and
Restated Certificate of Incorporation or Amended and Restated Bylaws or of any
Transaction Document contradicts a policy of the GE Parties (the “GE
Policies”) that applies to Subsidiaries of GE, such provision in Genworth’s
Amended and Restated Certificate of Incorporation or Amended and Restated
Bylaws or Transaction Document shall control. 
In any other case, and except as otherwise agreed or unless superseded
by any policies adopted by the board of directors of Genworth, the GE Policies
that apply to Subsidiaries of GE shall apply to Genworth and its Subsidiaries
until the Trigger Date.  The key GE
Policies applicable to Genworth and its Subsidiaries as of the Closing Date are
listed on Schedule 6.15.

6.16         HomeBuyer Now Program; GE Relocation
Program.

(a)           From and after the Closing Date, the
parties agree to use their commercially reasonable efforts to continue
discussions relating to a proposed agreement between the parties relating to
(i) the provision of the same or similar goods and services currently provided
by members of the GE Group in support of the HomeBuyer Privileges and
HomeBuilder Privileges programs and other marketing arrangements between the
parties relating thereto and (ii) the terms and conditions of the proposed
HomeBuyer Now platforms, including Emerging Markets, Telemundo and Builder
programs.  The parties acknowledge that
an agreement, if any, between the parties relating to the foregoing shall be
set forth in definitive documentation executed by the appropriate members of
the GE Group and the Genworth Group.

(b)           From and after the Closing Date, the
parties agree that Genworth shall have the right to recommend one or more
mortgage lender customers as a preferred mortgage lender provider for the GE
Group’s employee relocation programs and the parties shall use their
commercially reasonable efforts to continue discussions for potential inclusion
of such recommended lenders.

6.17         Joint
Management Committee.  Genworth
and GE shall use their commercially reasonable efforts (i) to promptly
negotiate in good faith the terms of a letter agreement addressing the matters
described in Exhibit KK hereto, (ii) following negotiation of such
letter agreement, to seek and obtain all regulatory approvals necessary to
allow the parties to the Reinsurance Agreements to enter into such letter
agreement and (iii) to cause such subsidiaries to enter into such letter
agreement following receipt of all required regulatory approvals.

 

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ARTICLE VII

DISPUTE RESOLUTION

7.1           General Provisions.

(a)           Any dispute, controversy or claim
arising out of or relating to this Agreement or the Transaction Documents
(other than the Transaction Documents set forth on Schedule 7.1), or the
validity, interpretation, breach or termination thereof (a “Dispute”),
shall be resolved in accordance with the procedures set forth in this Article VII,
which shall be the sole and exclusive procedures for the resolution of any such
Dispute unless otherwise specified below.

(b)           Commencing with a request
contemplated by Section 7.1(f) set forth below, all communications
between the parties or their representatives in connection with the attempted
resolution of any Dispute, including any mediator’s evaluation referred to in Section 7.3
set forth below, shall be deemed to have been delivered in furtherance of a
Dispute settlement and shall be exempt from discovery and production, and shall
not be admissible in evidence for any reason (whether as an admission or
otherwise), in any arbitral or other proceeding for the resolution of the
Dispute.

(c)           Except as provided in Section 7.1(f) in connection with any Dispute, the parties expressly waive and forego
any right to (i) special, indirect, incidental, punitive, consequential,
exemplary, statutorily-enhanced or similar damages in excess of compensatory
damages (provided that liability for any such damages with respect to a Third
Party Claim shall be considered direct damages), and (ii) trial by jury.

(d)           The specific procedures set forth
below, including but not limited to the time limits referenced therein, may be
modified by agreement of the parties in writing.

(e)           All applicable statutes of
limitations and defenses based upon the passage of time shall be tolled while
the procedures specified in this Article VII
are pending.  The parties will take such
action, if any, required to effectuate such tolling.

(f)            Notwithstanding anything to the
contrary contained in this Article VII,
any Dispute relating to GE’s rights as a stockholder of Genworth pursuant to
applicable Law, Genworth’s Amended and Restated Certificate of Incorporation or
Genworth’s Amended and Restated Bylaws, including GE’s rights as the holder of
the Class B Common Stock, will not be governed by or subject to the procedures
set forth in this Article VII. 
The parties hereto hereby irrevocably submit to the exclusive
jurisdiction of any state court located within the State of Delaware over any
such Dispute and each party hereby irrevocably agrees that all claims in
respect of any such Dispute or any suit, action proceeding related thereto may
be heard and determined in such courts. 
The parties hereby irrevocably waive, to the fullest extent permitted by
applicable Law, any objection which they may now or hereafter have to the
laying of

 

66

 

venue of any such Dispute brought in such court or any defense of
inconvenient forum for the maintenance of such dispute.  Each of the parties hereto agrees that a
judgment in any such Dispute may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by Law.

 

7.2           Consideration by Senior Executives.  If a Dispute is not resolved in the normal
course of business at the operational level, the parties shall attempt in good faith
to resolve such Dispute by negotiation between executives who hold, at a
minimum, the office of President and CEO of the respective business entities
involved in such Dispute.  Either party
may initiate the executive negotiation process by providing a written notice to
the other (the “Initial Notice”). 
Fifteen (15) days after delivery of the Initial Notice, the receiving
party shall submit to the other a written response (the “Response”).  The Initial Notice and the Response shall
include (i) a statement of the Dispute and of each party’s position, and (ii)
the name and title of the executive who will represent that party and of any
other person who will accompany the executive. 
Such executives will meet in person or by telephone within thirty (30) days
of the date of the Initial Notice to seek a resolution of the Dispute.

7.3           Mediation.  If a Dispute is not resolved by negotiation
as provided in Section 7.2 within forty-five (45) days from the
delivery of the Initial Notice, then either party may submit the Dispute for
resolution by mediation pursuant to the CPR Institute for Dispute Resolution
(the “CPR”) Model Mediation Procedure as then in effect.  The parties will select a mediator from the
CPR Panels of Distinguished Neutrals. 
Either party at commencement of the mediation may ask the mediator to
provide an evaluation of the Dispute and the parties’ relative positions.

7.4           Arbitration.

(a)           If a Dispute is not resolved by
mediation as provided in Section 7.3
within thirty (30) days of the selection of a mediator (unless the mediator
chooses to withdraw sooner), either party may submit the Dispute to be finally
resolved by arbitration pursuant to the CPR Rules for Non-Administered
Arbitration as then in effect (the “CPR Arbitration Rules”).  The parties consent to a single,
consolidated arbitration for all known Disputes existing at the time of the
arbitration and for which arbitration is permitted.

(b)           The neutral organization for purposes
of the CPR Arbitration Rules will be the CPR. The arbitral tribunal shall be
composed of three arbitrators, of whom each party shall appoint one in
accordance with the “screened” appointment procedure provided in Rule 5.4 of
the CPR Arbitration Rules.  The
arbitration shall be conducted in New York City.  Each party shall be permitted to present its case, witnesses and
evidence, if any, in the presence of the other party.  A written transcript of the proceedings shall be made and
furnished to the parties.  The
arbitrators shall determine the Dispute in accordance with the law of the State
of New York, without giving effect to any conflict of law rules or other rules
that might render such law inapplicable or unavailable, and shall apply this
Agreement and the Transaction Documents according to their respective terms; provided,
however, that any Dispute in 

 

67

 

respect of a
Transaction Document which by its terms is governed by the law of a
jurisdiction other than the State of New York shall be determined by the law of
such other jurisdiction and; provided, further, however,
that the provisions of this Agreement relating to arbitration shall in any
event be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq.

(c)           The parties agree to be bound by any
award or order resulting from any arbitration conducted in accordance with this
Section 7.4 and further agree that judgment on any
award or order resulting from an arbitration conducted under this Section 7.4  may be
entered and enforced in any court having jurisdiction thereof.

(d)           Except as expressly permitted by this
Agreement, no party will commence or voluntarily participate in any court
action or proceeding concerning a Dispute, except (i) for enforcement as
contemplated by Section 7.4(c) above, (ii) to restrict or vacate an
arbitral decision based on the grounds specified under applicable law, or (iii)
for interim relief as provided in paragraph (e) below. For purposes of the
foregoing, the parties hereto submit to the non-exclusive jurisdiction of the
courts of the State of New York.

(e)           In addition to the authority
otherwise conferred on the arbitral tribunal, the tribunal shall have the
authority to make such orders for interim relief, including injunctive relief,
as it may deem just and equitable. Notwithstanding Section 7.4(d) above, each party acknowledges that in the event of any actual or
threatened breach of the provisions of (i) Section 6.2, Section 6.12 or Section 6.13,
(ii) the Employee Matters Agreement, (iii) the Cross License Agreement, (iv)
the Transitional Trademark License Agreement or (v) the Registration Rights
Agreement, the remedy at law would not be adequate, and therefore injunctive or
other interim relief may be sought immediately to restrain such breach.  If the tribunal shall not have been appointed,
either party may seek interim relief from a court having jurisdiction if the
award to which the applicant may be entitled may be rendered ineffectual
without such interim relief.  Upon
appointment of the tribunal following any grant of interim relief by a court,
the tribunal may affirm or disaffirm such relief, and the parties will seek
modification or rescission of the court action as necessary to accord with the
tribunal’s decision.

(f)            Each party will bear its own
attorneys’ fees and costs incurred in connection with the resolution of any
Dispute in accordance with this Article VII.

ARTICLE VIII

 

MISCELLANEOUS

8.1           Corporate Power; Fiduciary Duty.

(a)           Each of the GE Parties represents on
behalf of itself, and Genworth represents on behalf of itself, as follows:

 

68

 

(i)            each such Person has the requisite corporate or other
power and authority and has taken all corporate or other action necessary in
order to execute, deliver and perform each of this Agreement and each other
Transaction Document to which it is a party and to consummate the transactions
contemplated hereby and thereby; and

(ii)           this Agreement and each Transaction Document to which
it is a party has been duly executed and delivered by it and constitutes a
valid and binding agreement of it enforceable in accordance with the terms
thereof.

(b)           Notwithstanding any provision of this
Agreement or any Transaction Document, none of the GE Parties nor Genworth
shall be required to take or omit to take any act that would violate its
fiduciary duties to any minority stockholders of Genworth or any non-wholly
owned Subsidiary of GE or Genworth, as the case may be (it being understood
that directors’ qualifying shares or similar interests will be disregarded for
purposes of determining whether a Subsidiary is wholly owned).

8.2           Governing Law.  This Agreement and, unless expressly
provided therein, each other Transaction Document, shall be governed by and
construed and interpreted in accordance with the Laws of the State of New York
irrespective of the choice of Laws principles of the State of New York other
than Section 5-1401 of the General Obligations Law of the State of New York.

8.3           Survival
of Covenants.  Except as
expressly set forth in any Transaction Document, the covenants and other
agreements contained in this Agreement and each Transaction Document, and
liability for the breach of any obligations contained herein or therein, shall
survive each of the Separation and the Initial Public Offering and shall remain
in full force and effect; provided, however, that Genworth’s
obligations under Sections 4.6 and 4.9 shall terminate on the first date on
which GE ceases to beneficially own, in the aggregate (excluding for such
purposes shares of Genworth Common Stock beneficially owned by GE but not for
its own account, including (in such exclusion) beneficial ownership which
arises by virtue of some entity that is an Affiliate of GE being a sponsor of
or advisor to a mutual or similar fund that beneficially owns shares of
Genworth Common Stock) at least one percent (1%) of the outstanding Genworth
Common Stock.

8.4           Force Majeure.  No party hereto (or any Person acting on its
behalf) shall have any liability or responsibility for failure to fulfill any
obligation (other than a payment obligation) under this Agreement or, unless
otherwise expressly provided therein, any Transaction Document, so long as and
to the extent to which the fulfillment of such obligation is prevented,
frustrated, hindered or delayed as a consequence of circumstances of Force
Majeure.  A party claiming the benefit
of this provision shall, as soon as reasonably practicable after the occurrence
of any such event:  (i) notify the other
parties of the nature and extent of any such Force Majeure condition and (ii)
use due diligence to remove any such causes and resume performance under this
Agreement as soon as feasible.

 

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8.5           Notices.  All notices, requests, claims, demands and
other communications under this Agreement and, to the extent applicable and
unless otherwise provided therein, under each of the Transaction Documents
shall be in writing and shall be given or made (and shall be deemed to have
been duly given or made upon receipt) by delivery in person, by overnight
courier service, by facsimile with receipt confirmed (followed by delivery of
an original via overnight courier service) or by registered or certified mail
(postage prepaid, return receipt requested) to the respective parties at the
following addresses (or at such other address for a party as shall be specified
in a notice given in accordance with this Section 8.5):

If to the GE Parties, to:

[to be completed]

If to Genworth, to:

[to be completed]

8.6           Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced under any Law or
as a matter of public policy, all other conditions and provisions of this
Agreement shall nevertheless remain in full force and effect.  Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
to this Agreement shall negotiate in good faith to modify this Agreement so as
to effect the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent
possible.

8.7           Entire
Agreement.  Except as otherwise
expressly provided in this Agreement, this Agreement (including the Schedules
and Exhibits hereto) constitutes the entire agreement of the parties hereto
with respect to the subject matter of this Agreement and supersedes all prior
agreements and undertakings, both written and oral, between or on behalf of the
parties hereto with respect to the subject matter of this Agreement.

8.8           Assignment;
No Third-Party Beneficiaries. 
This Agreement shall not be assigned by any party hereto without the
prior written consent of the other parties hereto.  Except as provided in Article V
with respect to Indemnified Parties, this Agreement is for the sole benefit of
the parties to this Agreement and members of their respective Group and their
permitted successors and assigns and nothing in this Agreement, express or
implied, is intended to or shall confer upon any other Person or entity any
legal or equitable right, benefit or remedy of any nature whatsoever under or
by reason of this Agreement.

8.9           Public
Announcements.  GE and Genworth
shall consult with each other before issuing, and give each other the
opportunity to review and comment upon, any press release or other public
statements with respect to the transactions contemplated by this Agreement and
the Transaction Documents, and shall not issue any such press release or make
any such public statement prior to such consultation, 

 

70

 

except
as may be required by applicable Law, court process or by obligations pursuant
to any listing agreement with any national securities exchange or national
securities quotation system.

 

8.10         Amendment.  No provision of this Agreement may be
amended or modified except by a written instrument signed by all the parties to
such agreement.  No waiver by any party
of any provision hereof shall be effective unless explicitly set forth in
writing and executed by the party so waiving. 
The waiver by any party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a waiver of any other subsequent
breach.

8.11         Rules of
Construction.  Interpretation of
this Agreement shall be governed by the following rules of construction:  (a) words in the singular shall be held to
include the plural and vice versa and words of one gender shall be held to
include the other gender as the context requires, (b) references to the terms
Article, Section, paragraph, and Schedule are references to the Articles,
Sections, paragraphs, and Schedules to this Agreement unless otherwise
specified, (c) the word “including” and words of similar import shall mean
“including, without limitation,” (d) provisions shall apply, when appropriate,
to successive events and transactions, (e) the table of contents and headings
contained herein are for reference purposes only and shall not affect in any
way the meaning or interpretation of this Agreement and (f) this Agreement
shall be construed without regard to any presumption or rule requiring
construction or interpretation against the party drafting or causing any
instrument to be drafted.

8.12         Counterparts.  This Agreement may be executed in one or
more counterparts, and by the different parties to each such agreement in
separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same
agreement.  Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be as
effective as delivery of a manually executed counterpart of any such Agreement.

[The remainder of
this page is intentionally left blank]

 

71

 

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

 

	
   

  	
  GENERAL ELECTRIC
  COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC
  CAPITAL CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GEI, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GE FINANCIAL ASSURANCE
  HOLDINGS, INC.

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH FINANCIAL,
  INC.

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

72

 

Schedule 1.1

 

Discontinued Businesses

 

GE Property and Casualty Insurance Company

GE Casualty Insurance Company

GE Indemnity Insurance Company

GE Auto & Home Insurance Company

Bayside Casualty Insurance Company

 

73

 

Schedule 1.1(a)

 

Supply and Vendor Contracts

 

1.            Car Lease dated 22
August 2003 between GE Deutschland GmbH and GE Capital Services GmbH
(trading as Avis Fleet Services)

 

2.            Car Lease dated 19
February 2003 between GE International, Inc. and Locadif S.P.R.L./B.V.B.A.
(trading as Avis Fleet Services)

 

3.            Car Lease dated 31
July 2002 between GE International, Inc. and GE Capital Aro Lease B.V.

 

4.            The agreements listed
on Annex A (Ops & Sourcing)

 

5.            The agreements listed
on Annex B (MI Europe)

 

6.            The agreements listed
on Annex C (IT Documents)

 

7.            The agreements listed
on Annex D (GEFI Europe)

 

74

 

Annex
A

Schedule 1.1(a)

to

Master
Agreement

(Ops
and Sourcing)

 

Section A (Complete Transfer):

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Avis Corporation-GE Homebuyer Privileges Program
  Agreement - Final (Uploaded as “Avis Rent A Car Homebuyer Privileges Agmt
  2002-08”)

  	
   

  	
  8/24/2002

  	
   

  	
  Avis Corporation, The (“Avis”)

  	
   

  	
  GEMICO on behalf of GE

  
	
  2.

  	
   

  	
  Cendant Travel-GE Homebuyer Privileges Program
  Agreement (Uploaded as “Cendant Travel Homebuyer privileges Agreement”)

  	
   

  	
  7/1/2002

  	
   

  	
  Cendant Travel, Inc. (“CTI”)

  	
   

  	
  GEMICO on behalf of GE

  
	
  3.

  	
   

  	
  Flooring America-GE Homebuyer Privileges Program
  Agreement and Web Linking Addendum (Uploaded as “Flooring America Homebuyer
  Privileges Agreement 2002-1”)

  	
   

  	
  Agreement 10/1/2002 Web Linking Addendum
  1/31/2003

  	
   

  	
  FA Management
  Enterprises, Inc. (“FA”)

  	
   

  	
  GEMICO on behalf of GE

  
	
  4.

  	
   

  	
  GE Consumer Products-GE Homebuyer Privileges
  Program Agreement (Uploaded as “GE Consumer Products Homebuyer Privileges
  Agmt 20”)

  	
   

  	
  4/4/2003

  	
   

  	
  GE through its Consumer Products business [this
  interest remains with GE]

  	
   

  	
  GEMICO on behalf of GE [this interest to be
  transferred to Genworth]

  
	
  5.

  	
   

  	
  GESMI-GE Homebuyer Privileges Program Agreement

  	
   

  	
  5/8/2003

  	
   

  	
  GE Service Management, Inc.  [this interest remains with GE]

  	
   

  	
  GEMICO on behalf of GE [this interest to be
  transferred to Genworth]

  
	
  6.

  	
   

  	
  Home Depot-GE Homebuyer Privileges Program
  Agreement (Uploaded as “Home Depot Homebuyer Privileges Agmt 2001-02-28”)

  	
   

  	
  2/28/2001

  	
   

  	
  Home Depot U.S.A., Inc. (“Home Depot”)

  	
   

  	
  GEMICO on behalf of GE

  
	
  7.

  	
   

  	
  Attachment A to Home Depot-GEMICO Homebuyer Privileges
  Program Agreement (Uploaded as “Home Depot Homebuyer Privileges Agmt
  Attachment A”)

  	
   

  	
  2/28/2001

  	
   

  	
  Home Depot U.S.A., Inc. (“Home Depot”); Homer
  TLC, Inc. (“Homer”)

  	
   

  	
  GEMICO on behalf of GE

  

 

75

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  8.

  	
   

  	
  Penske Auto Centers-General Electric Company
  Lender Program Memorandum of Understanding (Uploaded as “Penske Auto Centers
  Homebuyer Privileges Agmt 200”)

  	
   

  	
  10/31/2000

  	
   

  	
  Penske Auto Centers, LLC

  	
   

  	
  GEMICO on behalf of GE

  
	
  9.

  	
   

  	
  Penske Truck Rental-General Electric Company
  Lender Program Memorandum of Understanding (Uploaded as “Penske Truck Leasing
  Homebuyer Privileges Agmt 20”)

  	
   

  	
  7/11/2000

  	
   

  	
  Penske Truck Leasing Co., L.P.

  	
   

  	
  GEMICO on behalf of GE

  
	
  10.

  	
   

  	
  Addendum to Staffing Agreement

  	
   

  	
  5/8/2003

  	
   

  	
  Kelly Health Care Resources

  	
   

  	
  General Electric (1640 Los Gatos
  San Rafael)—not signed

  

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of any member of the GE Group (other than GEFAHI) that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Variation Agreement

  	
   

  	
    /  /2003

  	
   

  	
  Experian Ltd (formerly CCN Group Ltd)

  	
   

  	
  GE Capital Corp

  
	
  2.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
  3.

  	
   

  	
  License Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter, Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  
	
  4.

  	
   

  	
  Quote and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter, Inc.

  	
   

  	
  GEFAHI (Substituted as contracting entity for GE
  Capital) & GE Center for Financial Learning

  
	
  5.

  	
   

  	
  Master Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly Services, Inc.

  	
   

  	
  General Electric Capital Corporation

  
	
  6.

  	
   

  	
  Noosh, Inc. Print Buyer Agreement

  	
   

  	
  12/31/2003

  	
   

  	
  Noosh, Inc.

  	
   

  	
  GNA Corporation

  
	
  7.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service Envelope Corporation

  	
   

  	
  GEFAHI

  
	
  8.

  	
   

  	
  Agreement for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox Corporation

  	
   

  	
  General Electric Company

  
	
  9.

  	
   

  	
  Agreement between AT&T and various
  subsidiaries of GE Financial Assurance

  	
   

  	
  4/1/2001

  	
   

  	
  AT&T Corp.

  	
   

  	
  UFLIC, CPFIC, SA, CCS, GCDP & GEFAHI

  
	
  10.

  	
   

  	
  Master Services Agreement (including Exhibit A;
  General Agent/Brokerage General Agent Agreement)

  	
   

  	
  5/30/2000

  	
   

  	
  Insurance Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

76

 

Section C: Genworth owns Master, split

 

The Genworth Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that relate primarily to the Genworth Business.  All licenses, leases, addendums and similar
arrangements under any of the following master agreements in the name of any
member of the Genworth Group that do not relate primarily to the Genworth
Business shall be assigned to a member of the GE Group.

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Multipurpose Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  2.

  	
   

  	
  Services Contract (with addenda for various
  locations;  5 .pdf files)

  	
   

  	
  12/12/2001

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  3.

  	
   

  	
  On-Line Service Subscription Agreement

  	
   

  	
  12/27/2001

  	
   

  	
  OneSource Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

77

 

Annex
B

 

Schedule 1.1(a)
for MI Europe

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of any member of the GE Group (other than GEFAHI) that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master
  License Agreement

  	
   

  	
  2/10/2004

  	
   

  	
  Pumatech,
  Inc.

  	
   

  	
  General
  Electric Co.

  
	
  License Agreement for Chain Link Technologies

  	
   

  	
  5/19/1997

  	
   

  	
  Kintana,
  Inc. (formerly Chain Link Technologies)

  	
   

  	
  General
  Electric Co.

  
	
  License Agreement for Computer Software Products

  	
   

  	
  6/1/1999

  	
   

  	
  Trend
  Micro, Inc.

  	
   

  	
  General
  Electric Co.

  

 

78

 

Annex C

Schedule 1.1(a)

to

Master Agreement

(IT documents)

 

Section A (Complete Transfer):

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Software System
  License Agreement and Addendum

  	
   

  	
  3/12/1996

  	
   

  	
  Servantis Systems, Inc. (“SSI”)

  	
   

  	
  GE Capital Corporation Commercial Processing
  Services = Customer

  
	
  DDV Master Agreement

  	
   

  	
  4/16/2001

  	
   

  	
  Digital Datavoice Corporation

  	
   

  	
  UFLIC

  
	
  Master Software Site
  License Agreement

  	
   

  	
  No date provided

  	
   

  	
  Principia Partners, LLC (“Principia”)

  	
   

  	
  GE Asset Management Incorporated (“GEAM”)

  
	
  2002-2003 REIS Services
  License Agreement

  	
   

  	
  9/30/2002

  	
   

  	
  REIS, Inc.

  	
   

  	
  GEAM

  
	
  Letter Agreement

  	
   

  	
  6/23/1994

  	
   

  	
  Wilshire Associates Inc.

  	
   

  	
  GEAM

  
	
  Agreement for Thomson
  Financial Services - Thomson Analytics

  	
   

  	
  9/15/2003

  	
   

  	
  Thomson Financial

  	
   

  	
  GEAM

  

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of any member of the GE Group (other than GEFAHI) that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
  Patni Computer Systems LTD

  	
   

  	
  General Electric International, Inc. (“GEII”)

  	
   

  	
   

  
	
  Master Lease/Rental
  Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard Company = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam Computer Services

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun Microsystems Finance = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Software License
  Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun Microsystems, Inc. (“Sun”)

  	
   

  	
  General Electric Company = Licensee

  
	
  Global Master
  Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya World Services, Inc. = Avaya

  	
   

  	
  General Electric Company = Customer

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T Credit Corp.

  	
   

  	
  General Electric Co.

  
	
  International Lease and
  Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM Credit Corporation

  	
   

  	
  General Electric Company

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus Development Corporation

  	
   

  	
  General Electric Company

  

 

79

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Managed Network
  Solutions Agreement

  	
   

  	
  Undated (although amendments indicate a
  date of 11/5/1999)

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T Corp. (“AT&T”)

  	
   

  	
  General Electric Company (“Company”)

  
	
  AT&T Wireless
  Services National Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

  	
  AT&T Wireless Services National Accounts,
  Inc., as agent for Carriers (“AWS”). “Carrier” means companies who operate
  commercial mobile radio telecommunications systems who are either under
  common control with AWS or have agreed to participate in AWS’ National
  Accounts Program, each as to a licensed area. (Recitals)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  a. National Cellular
  Agreement

  b. and c. Application for Service

  	
   

  	
  a. 1/24/2000

  b. and c. Undated

  	
   

  	
  a. Celco Partnership d/b/a Bell Atlantic Mobile
  (“BAM”) b. and c. Verizon

  	
   

  	
  General Electric Company

  
	
  Purchase, License and
  Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet Corporation (“FileNet”)

  	
   

  	
  General Electric Capital Corporation

  
	
  Master Software License
  and Installation Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems Inc. (“Pega”)

  	
   

  	
  GE Capital Corporation

  
	
  Recovery Services
  Agreement and all schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard Recovery Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master License Agreement
  No. 131362 For Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware Corporation (“Compuware”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Capital Services, Inc.  = Customer

  
	
  Master Wide Area
  Networking Agreement

  	
   

  	
  Undated

  	
   

  	
  Qwest Communications Corporation (“Qwest”)note:
  name is now Visinet

  	
   

  	
  General Electric Corporation (“GE”)

  
	
  Sprint PCS Premier Account Term Service Agreement
  (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

  	
  Sprint
  Spectrum L.P. d/b/a Sprint PCS

  	
   

  	
  General
  Electric Company (“GE Co.”)

  
	
  Master Wide Area Networking
  Services Agreement

  	
   

  	
  10/1/2002

  	
   

  	
  Sprint Communications Company, L.P. (“Sprint”)

  	
   

  	
  General Electric Corporation

  
	
  VPNterprise
  Communications Services Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink Communications Corporation

  	
   

  	
  General Electric Corporation

  
	
  Master Services Agreement
  (without limitation, Genworth receives the Cisco Email Messenger)

  	
   

  	
   

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Company

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Co.

  
	
  License Agreement for
  Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC Software Distribution, Inc. (“BMC”)

  	
   

  	
  General Electric Company

  
	
  General Electric License
  to Use Informatica Software

  	
   

  	
  No date provided

  	
   

  	
  Informatica Corporation (“Informatica”)

  	
   

  	
  General Electric Corporation

  
	
  Perpetual License Agreement
  for Computer Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer Network Corporation (“CNC”)

  	
   

  	
  General Electric Credit Corporation [now General
  Electric Capital Corporation]

  
	
  Settlement and Release
  Agreement

  	
   

  	
  12/28/1998

  	
   

  	
  International Business Machines Corporation
  (“IBM”) , Group 1 Software, Inc.

  	
   

  	
  General Electric Capital Corporation

  

 

80

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  First Amended and
  Restated Enterprise License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer Associates International, Inc.

  	
   

  	
  General Electric Company

  
	
  Trillium Software System
  License and Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte Hanks Data Technologies

  	
   

  	
  GE Capital Corp

  
	
  Software License
  Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business Objects Americas

  	
   

  	
  GE Capital Services Inc

  
	
  Software License and
  Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx Corporation

  	
   

  	
  General Electric Corp

  
	
  GE-EMC Master Global
  Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC Corporation

  	
   

  	
  General Electric Company

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing Communications Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master Contract Service
  Arrangement Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth Telecommunications, Inc.

  	
   

  	
  General Electric Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle Corporation

  	
   

  	
  a. General Electric Company

  
	
  Microsoft/GE License
  Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI, GP

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement Renewal Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix Systems Inc.

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion Corporation (“Courion”)

  	
   

  	
  General Electric Company

  
	
  Software License
  Agreement

  	
   

  	
  Undated (The license agreement is effective
  upon acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
  GE-Internet Security
  Systems, Inc. Enterprise Software License Subscription

  	
   

  	
  12/28/1998

  	
   

  	
  Internet Security Systems, Inc. (“ISS”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License
  Agreement between Netegrity, Inc. and General Electric Company

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity, Inc. (“Netegrity”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Birlasoft

  	
   

  	
  General Electric International

  
	
  Lasercycle Supply
  Agreement

  	
   

  	
  7/28/2000

  	
   

  	
  LASERCYCLE INKCYCLE

  	
   

  	
  GE Capital Corporation GEMICO

  
	
  Appropriation Request

  	
   

  	
  7/16/2003

  	
   

  	
  GXS

  	
   

  	
  GE Capital Mortgage = GEMH

  
	
  Advanced Server and
  Services Agreement

  	
   

  	
   

  	
   

  	
  Red Hat, Inc.

  	
   

  	
  General Electric Global Computer Operations

  
	
  Custom International
  Customer Support Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService Division, Sun Microsystems, Inc.

  	
   

  	
  General Electric Company

  
	
  Technology Services
  Agreement

  	
   

  	
   

  	
   

  	
  International Business Machines Corporation
  (“IBM”)

  	
   

  	
  GE Capital Corp.

  
	
  Master Agreement for
  Call Center Quality Monitoring Systems

  	
   

  	
  8/18/1999

  	
   

  	
  Teknekron Infoswitch Corp

  	
   

  	
  GE

  
	
  U.S. Corporate End User
  License Agreement

  	
   

  	
  1/31/2003

  	
   

  	
  Network Associates, Inc.

  	
   

  	
  General Electric Company

  
	
  Software License
  Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  GE Information Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Addendum to Software
  License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  Global eXchange Services Canada, Inc.

  	
   

  	
  GECMICAN

  
	
  Electronic Commerce
  Services Agreement

  	
   

  	
  6/28/2002

  	
   

  	
  Global eXchange Services Canada, Inc.

  	
   

  	
  General Electric Company

  

 

81

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon U.S.A., Inc.

  	
   

  	
  General Electric Corporation

  
	
  GE/Ricoh Corporation
  National Account Agreement and Amendment Number One to National Agreement by
  and between Ricoh Corporation and GE Company

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh Corporation

  	
   

  	
  GE Company Corporate Initiatives Group

  
	
  GE-Compaq Master Purchase
  and Services Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq Computer Corporation

  	
   

  	
  General Electric Company

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision Inc

  	
   

  	
  General Electric Company

  
	
  Master Agreement for
  Data Imaging Services

  	
   

  	
   

  	
   

  	
  Anacomp, Inc.

  	
   

  	
  GE Capital

  
	
  Network Services
  Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
  Software Licensing
  Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  
	
  Standard & Poor’s
  Master Subscription Agreement, S&P Ratings Direct Credit Wire Only.

  	
   

  	
  6/1/2003

  	
   

  	
  Standard & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
  Reuters Services
  Contract

  	
   

  	
  9/1/1998

  	
   

  	
  Reuters America Inc. (“Reuters”)

  	
   

  	
  GEAM

  
	
  Moody’s KMV Subscription
  Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s KMV Company (“Moody’s”)

  	
   

  	
  General Electric Company

  
	
  System License Agreement
  Bondedge for Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
  Leasing Agreement

  	
   

  	
  11/21/2003

  	
   

  	
  Sun Microsystems Finance

  	
   

  	
  GEAM

  
	
  Software License
  Agreement

  	
   

  	
   

  	
   

  	
  Realm Business Solutions, Inc.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  

 

Section C: Genworth owns Master, split

 

The Genworth Group shall retain the following master agreements and
shall retain any licenses, leases, addendums and similar arrangements
thereunder pursuant to which any software, hardware, equipment or services are
acquired that relate primarily to the Genworth Business.  All licenses, leases, addendums and similar
arrangements under any of the following master agreements in the name of any
member of the Genworth Group that do not relate primarily to the Genworth
Business shall be assigned to a member of the GE Group.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

  	
  Dell Financial Services, L.P. (“Dell”)

  	
   

  	
  GEFAHI

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource, Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  
	
  GEFAHI Master Lease
  Agreement

  	
   

  	
   

  	
   

  	
  EMC Corporation

  	
   

  	
  GEFAHI

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
  License Agreement

  	
   

  	
   

  	
   

  	
  Mercury Interactive

  	
   

  	
  GEFAHI

  
	
  Software License
  Agreement

  	
   

  	
  No date provided

  	
   

  	
  Edify Corporation (“Edify”)

  	
   

  	
  GEFAHI (“Licensee”)

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

82

 

Schedule 1.1(b)

 

GEFAHI Contracts

 

1.                                    The
agreements listed on Annex A (Ops & Sourcing) and Annex B (IT Documents)

2.                                    The following
contracts and agreements related exclusively to the disposition of the
Discontinued Businesses and related transaction documents:

•                  Stock Purchase
Agreement, dated June 26, 2003, between GEFAHI and Lexington Insurance
Company

•                  Amendment No. 1
to the Stock Purchase Agreement, dated August 29, 2003, between GEFAHI and
Lexington Insurance Company

•                  Transition
Services Agreement, dated August 29, 2003, among GEFAHI, Lexington
Insurance Company and GE Property & Casualty Insurance Company, GE Auto
& Home Assurance Company, GE Casualty Insurance Company, GE Indemnity
Insurance Company and Bayside Casualty Insurance Company

•                  Computer
Services Agreement, dated August 29, 2003, among GEFAHI, Lexington
Insurance Company and GE Property & Casualty Insurance Company, GE Auto
& Home Assurance Company, GE Casualty Insurance Company, GE Indemnity
Insurance Company and Bayside Casualty Insurance Company

•                  Transitional
Trademark License Agreement, dated August 29, 2003, among GEFAHI,
Lexington Insurance Company and GE Property & Casualty Insurance Company,
GE Auto & Home Assurance Company, GE Casualty Insurance Company, GE
Indemnity Insurance Company and Bayside Casualty Insurance Company

•                  Intellectual
Property Cross-License Agreement, dated August 29, 2003, among GEFAHI,
Lexington Insurance Company and GE Property & Casualty Insurance Company,
GE Auto & Home Assurance Company, GE Casualty Insurance Company, GE
Indemnity Insurance Company and Bayside Casualty Insurance Company

•                  Letter
Agreement, dated August 28, 2003, by and among GEFAHI, Lexington Insurance
Company and AIG Marketing, Inc. (Re: Certain Employee Matters)

•                  Letter Agreement,
dated August 29, 2003, by and between GEFAHI and Lexington Insurance
Company (Re: Tiffany Ko Syzch)

•                  Letter
Agreement, dated August 29, 2003, by and between GEFAHI and Lexington
Insurance Company (Re: Certain Computer Equipment and Software Matters)

•                  Letter
Agreement, dated August 29, 2003, by and between GEFAHI and Lexington
Insurance Company (Re: Records Access)

•                  Tax Termination
and Settlement Agreement, by and among GEFAHI, GE Property & Casualty
Insurance Company, GE Casualty Insurance Company, GE Auto & Home Assurance
Company, Bayside Casualty Insurance Company and GE Indemnity Insurance Company

•                  Master
Termination of Intercompany Agreements, dated August 29, 2003, among
General Electric Company (on behalf of itself and all of its wholly owned subsidiaries),
GE Property & Casualty Insurance Company, GE Auto & Home Assurance
Company, GE Casualty Insurance Company, GE Indemnity Insurance Company and
Bayside Casualty Insurance Company, GE Financial Assurance Japan, Ltd., GE
Edison Life Insurance Company, GE Edison Services Company, and Toho Shinyo
Hosho Company

 

83

 

8.            Transition Services
Agreement, dated as of August 29, 2003, among GEFAHI, American
International Reinsurance Company, Ltd., GE Financial Assurance Japan Ltd., GE
Edison Life Insurance Company, GE Edison Services Company and Toho Shinyo Hosho
Company

 

9.            Intellectual Property
Cross-License Agreement among GEFAHI, GE Financial Assurance Japan, Ltd., GE
Edison Life Insurance Company, GE Edison Services Company, Toho Shinyo Hosho
Company and American International Reinsurance Company, Ltd., dated as of
August 29, 2003

 

10.    Computer Services Agreement,
dated as of August 29, 2003, among GEFAHI, American International
Reinsurance Company, Ltd., GE Financial Assurance Japan Ltd., GE Edison Life
Insurance Company, GE Edison Services Company and Toho Shinyo Hosho Company

 

11.    GEFAHI Comfort Letter to the
Directors of GE Pensions Limited Society in connection with the demutualization
of National Mutual Life Assurance Society

 

12.    Any and all obligations of
GEFAHI under agreements relating to its commercial paper program, including,
without limitation, obligations arising under any swap agreements related
thereto and obligations under the following agreements: (i) U.S. Commercial
Paper Private Placement Memorandum dated November 18, 2003 (replacing and
superceding a U.S. Commercial Paper Private Placement Memorandum dated
February 28, 2000, as supplemented on March 16, 2000), (ii) Placement
Agency Agreement dated November 14, 1997, between GECC Capital Markets
Group, Inc., and GEFAHI, (iii) Issuing and Paying Agent Agreement dated
November 13, 1997, among GEFAHI, GECC and Deutsche Bank, as amended
November 18, 2003 and (iv) Issuing and Paying Agent and Citi Treasury
Manager Agreement dated November 14, 1997, among GEFAHI, GECC and
Citibank, N.A., as amended November 18, 2003

 

13.    Revolving Credit Agreement
dated as of 2-28-00, between GE Capital Corporation, as lender, and GEFAHI, as
borrower (as amended by Amendment No. 1 dated 10-10-00, Amendment No. 2 dated
4-23-02 and Amendment No. 3 dated 8-1-03)

 

14.    Master Promissory Note (GE
Capital Assignment Corporation, as lender, and GEFAHI, as borrower)

 

15.    Master Promissory Note dated
as of February 17, 2004, GEFAHI, as lender, and UFLIC, as borrower)

 

16.    Master Promissory Note dated
as of 12-20-99 (GEFAHI, as lender, and Signature Financial/ Marketing, Inc., as
borrower)

 

17.    Master Promissory Note
(GEFAHI, as lender, and Heritage Life Insurance Company, as borrower)

 

18.    Master Promissory Note dated
12-2-97 (GEFAHI, as lender, as Heritage Mechanical Breakdown Corporation, as
borrower)

 

84

 

19.    Guaranty by GEFAHI to USAA
relating to Signature Financial/USAA Program Services Agreement

 

20.    GEFAHI and ABN AMRO Bank ISDA
Master Agreement dated 12-17-01

 

21.    GEFAHI and Bank of America NA
ISDA Master Agreement dated 6-20-02

 

22.    GEFAHI and Banque Paribas ISDA
Master Agreement dated 3-31-98

 

23.    GEFAHI and Bear Stearns Fin
Prod Inc ISDA Master Agreement dated 2-12-01

 

24.    GEFAHI and CDC Fin Prod Inc
ISDA Master Agreement dated 10-29-02

 

25.    GEFAHI and CSFB International
ISDA Master Agreement dated 1-17-02

 

26.    GEFAHI/eHealthInsurance
Agreement among GEFAHI, GE Capital Insurance Agency, Inc., and
eHealthInsuranceServices, Inc., dated 12-1-00

 

27.    Confidentiality Agreement
between Signature Agency, Inc., and its parent, subsidiary and affiliate
corporations and GEFAHI dated 3-11-99

 

28.    Acknowledgement of Agreement
pursuant to Master Managed Services Agreement between GE Capital Corporation
and GE IT Solutions (GECITS) (f/k/a GE Capital Information Technology Solutions
North America Inc.) dated as of January 11, 2002, as amended, and Scope of
Work between GECITS and GEFAHI effective as of October 1, 2002, as
amended.

 

29.    Promissory Note, dated
April 8, 2002, made by GECC, as borrower, and GEFAHI, as lender, in the
original principal amount of GBP 90,800,000 together with the Term Loan
Agreement, dated April 8, 2002 related thereto

 

30.    Promissory Note, dated
April 8, 2002, made by GECC, as borrower, and GEFAHI, as lender, in the
original principal amount of GBP 29,000,000, together with the Term Loan
Agreement, dated April 8, 2002 related thereto

 

31.    Securities Purchase Agreement
dated as of July 14, 2000, by and among Centerprise Advisors, Inc. and
certain named Purchasers, including GEFAHI

 

32.    Series A Warrant dated as of
July 14, 2000 issued by Centerprise Advisors, Inc. to GE Financial
Assurance Holdings, Inc., and any subsequent Series A Warrants issued to GEFAHI

 

33.    Warrant Holder Agreement dated
as of July 14, 2000, by and among Centerprise Advisors, Inc. and certain
named Warrant Holders, including GEFAHI

 

34.    Registration Rights Agreement
dated as of July 14, 2000, by and among Centerprise Advisors, Inc. and
certain named Holders, including GEFAHI

 

85

 

35.    Voting Agreement dated as of
July 14, 2000 by and among GEFAHI and BGL Capital Partners, LLC

 

36.    GE Financial Network Wireless
Agreement dated July 14, 2000, by and between AnyDevice.com and GEFAHI

 

37.    Master Services Agreement
dated as of September 28, 2000, by and between MyFamily.com and GEFAHI

 

38.    Website Development,
Co-Branding and Licensing Agreement dated as of February 15, 2000, by and
between Secure Commerce Service, Inc. d/b/a Paytrust and GEFAHI

 

39.    Website Development,
Co-Branding and Licensing Agreement dated as of March 31, 2000, by and
between Netstock Direct Corporation and GEFAHI

 

40.    Consulting Services Agreement
dated as of December 1, 1999, by and between X Communications and GEFA

 

41.    Website Development,
Co-Branding and Licensing Agreement dated as of October 12, 2000, by and
between Cendant Mortgage Corporation and GEFAHI

 

42.    GE Financial
Assurance/eHealthinsurance Agreement dated as of December 1, 2000, by and
between EhealthInsurance Services, Inc. and GEFAHI

 

43.    Warrant to Purchase Shares of
Preferred Stock dated as of December 1, 2000, by and between
EhealthInsurance Services, Inc.. and GEFAHI

 

44.    Confidentiality Agreement
dated as of August 12, 2002, by and between AMA Insurance Agency, Inc. and
GEFAHI

 

45.    Standard List Protection
Agreement dated as of January 1, 2003, by and between American Legion
Auxiliary National Headquarters and GEFA

 

46.    Confidentiality Agreement
dated as of July 19, 2002, by and between Ameritrade Holding Corporation
and GEFAHI

 

47.    Data Use Agreement dated as of
December 31, 1998, by and between Acxiom Corporation and GEFAHI

 

48.    Confidentiality Agreement dated
as of May 30, 2001, by and between Cross Country Automotive Services, Inc. and
GEFAHI

 

49.    Mutual Confidentiality
Non-Disclosure Agreement dated as of October 24, 2000, by and between Life
Line Screening of America LLC and GEFAHI

 

50.    Master Lease Agreement dated as of April 1, 2000, by and between
NTFC Capital Corporation and GEFAHI

 

86

 

51.    NonDisclosure Agreement dated
as of March 25, 1999, by and between SPR, Inc. and GEFAHI

 

52.    United Center Suite License
Agreement dated as of June 20, 2001, by and between United Center Joint
Venture and GEFA

 

53.    Master Professional Services
Agreement dated as of June 24, 2003, by and between Rawhide Internet
Services, Inc. and GEFAHI

 

87

 

 

Annex
A

 

Schedule 1.1(b)

to

Master
Agreement

(Ops
& Sourcing)

 

Section A (Complete Retention):

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  11.

  	
   

  	
  GE Master Professional Printing Services
  Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Rainbow Graphics Inc.

  	
   

  	
  GEFAHI

  
	
  12.

  	
   

  	
  Indemnification and Hold Harmless Agreement

  	
   

  	
  9/19/2001

  	
   

  	
  Milliman USA, Inc.

  	
   

  	
  GEFA

  
	
  13.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  5/7/2003

  	
   

  	
  Mail-Well Chicago

  	
   

  	
  GEFAHI

  
	
  14.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
   

  	
   

  	
  Automated Presort, Inc.

  	
   

  	
  GEFAHI

  
	
  15.

  	
   

  	
  Addendum to Master Professional Printing Services
  Agreement

  	
   

  	
   

  	
   

  	
  Automated Presort, Inc.

  	
   

  	
  GEFAHI

  

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of a member of the GE Group that relate primarily to the Genworth
Business shall be assigned to a member of the Genworth Group.

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
  2.

  	
   

  	
  License Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter, Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  
	
  3.

  	
   

  	
  Quote and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter, Inc.

  	
   

  	
  GEFAHI (Substituted as contracting entity for GE
  Capital) & GE Center for Financial Learning

  
	
  4.

  	
   

  	
  Master Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly Services, Inc.

  	
   

  	
  General Electric Capital Corporation

  
	
  5.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service Envelope Corporation

  	
   

  	
  GEFAHI

  
	
  6.

  	
   

  	
  Agreement for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox Corporation

  	
   

  	
  General Electric Company

  
	
  7.

  	
   

  	
  Agreement between AT&T and various
  subsidiaries of GE Financial Assurance

  	
   

  	
  4/1/2001

  	
   

  	
  AT&T Corp.

  	
   

  	
  UFLIC, CPFIC, SA, CCS, GCDP & GEFAHI

  
	
  8.

  	
   

  	
  Master Services Agreement (including Exhibit A;
  General Agent/Brokerage General Agent Agreement)

  	
   

  	
  5/30/2000

  	
   

  	
  Insurance Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

88

 

Section C: Genworth owns Master, split

 

The following master agreements and any
licenses, leases, addendums and similar arrangements thereunder pursuant to
which any software, hardware, equipment or services are acquired that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of GEFAHI or any member of the Genworth Group that do not relate
primarily to the Genworth Business shall be retained by or assigned to GEFAHI.

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  4.

  	
   

  	
  Multipurpose Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  5.

  	
   

  	
  Services Contract (with addenda for various
  locations;  5 .pdf files)

  	
   

  	
  12/12/2001

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  6.

  	
   

  	
  On-Line Service Subscription Agreement

  	
   

  	
  12/27/2001

  	
   

  	
  OneSource Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

89

 

Annex B

 

Schedule 1.1(b)

Master Agreement Schedules

(IT documents)

 

Section A (Complete Retention):

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Equipment Lease
  Agreement and all equipment

  	
   

  	
  7/16/2002

  	
   

  	
  Avaya

  	
   

  	
  GEFAHI

  
	
  Licensed Business
  Product Schedule to Bowstreet License Agreement

  	
   

  	
  12/29/2000

  	
   

  	
  Bowstreet.com, Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
  Licensed Business
  Product Schedule to Bowstreet License Agreement

  	
   

  	
  11/17/2001

  	
   

  	
  Bowstreet.com, Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
  Licensed Business
  Product Schedule to Bowstreet License Agreement

  	
   

  	
  4/30/2001

  	
   

  	
  Bowstreet.com, Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
  Licensed Business Product
  Schedule to Bowstreet License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Bowstreet.com, Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
  Amendment to Bowstreet
  Master Licensing Agreement

  	
   

  	
  3/27/2003

  	
   

  	
  Bowstreet.com, Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
  Master License Agreement

  	
   

  	
  7/24/2000

  	
   

  	
  Claritas Inc. (“Claritas”)

  	
   

  	
  GEFAHI

  
	
  Claritas Inc. License
  Agreement

  	
   

  	
  9/24/1998

  	
   

  	
  Claritas Inc. (“Claritas”)

  	
   

  	
  GEFAHI

  

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of a member of the GE Group that relate primarily to the Genworth
Business shall be assigned to a member of the Genworth Group.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Patni Computer Systems LTD

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Master Lease/Rental
  Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard Company = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam Computer Services

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun Microsystems Finance = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Software License
  Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun Microsystems, Inc. (“Sun”)

  	
   

  	
  General Electric Company = Licensee

  
	
  Global Master
  Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya World Services, Inc. = Avaya

  	
   

  	
  General Electric Company = Customer

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T Credit Corp.

  	
   

  	
  General Electric Co.

  
	
  International Lease and
  Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM Credit Corporation

  	
   

  	
  General Electric Company

  

 

90

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus Development Corporation

  	
   

  	
  General Electric Company

  
	
  Master Managed Network
  Solutions Agreement

  	
   

  	
  Undated (although amendments indicate a
  date of 11/5/1999)

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T Corp. (“AT&T”)

  	
   

  	
  General Electric Company (“Company”)

  
	
  AT&T Wireless
  Services National Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

  	
  AT&T Wireless Services National Accounts,
  Inc., as agent for Carriers (“AWS”). “Carrier” means companies who operate
  commercial mobile radio telecommunications systems who are either under
  common control with AWS or have agreed to participate in AWS’ National
  Accounts Program, each as to a licensed area. (Recitals)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  a. National Cellular Agreement

  b. and c. Application for Service

  	
   

  	
  a. 1/24/2000

  b. and c. Undated

  	
   

  	
  a. Celco Partnership d/b/a Bell Atlantic Mobile
  (“BAM”) b. and c. Verizon

  	
   

  	
  General Electric Company

  
	
  Purchase, License and
  Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet Corporation (“FileNet”)

  	
   

  	
  General Electric Capital Corporation

  
	
  Master Software License
  and Installation Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems Inc. (“Pega”)

  	
   

  	
  GE Capital Corporation

  
	
  Recovery Services
  Agreement and all schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard Recovery Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master License Agreement
  No. 131362 For Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware Corporation (“Compuware”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Capital Services, Inc.  = Customer

  
	
  Master Wide Area
  Networking Agreement

  	
   

  	
  Undated

  	
   

  	
  Qwest Communications Corporation (“Qwest”)note:
  name is now Visinet

  	
   

  	
  General Electric Corporation (“GE”)

  
	
  Sprint PCS Premier Account Term Service Agreement
  (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

  	
  Sprint
  Spectrum L.P. d/b/a Sprint PCS

  	
   

  	
  General
  Electric Company (“GE Co.”)

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  10/1/2002

  	
   

  	
  Sprint Communications Company, L.P. (“Sprint”)

  	
   

  	
  General Electric Corporation

  
	
  VPNterprise
  Communications Services Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink Communications Corporation

  	
   

  	
  General Electric Corporation

  
	
  Master Services
  Agreement (without limitation, Genworth receives the Cisco Email Messenger)

  	
   

  	
   

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Company

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Co.

  
	
  License Agreement for
  Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC Software Distribution, Inc. (“BMC”)

  	
   

  	
  General Electric Company

  
	
  General Electric License
  to Use Informatica Software

  	
   

  	
  No date provided

  	
   

  	
  Informatica Corporation (“Informatica”)

  	
   

  	
  General Electric Corporation

  

 

91

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Perpetual License
  Agreement for Computer Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer Network Corporation (“CNC”)

  	
   

  	
  General Electric Credit Corporation [now General
  Electric Capital Corporation]

  
	
  Settlement and Release
  Agreement

  	
   

  	
  12/28/1998

  	
   

  	
  International Business Machines Corporation
  (“IBM”) , Group 1 Software, Inc.

  	
   

  	
  General Electric Capital Corporation

  
	
  First Amended and
  Restated Enterprise License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer Associates International, Inc.

  	
   

  	
  General Electric Company

  
	
  Trillium Software System
  License and Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte Hanks Data Technologies

  	
   

  	
  GE Capital Corp

  
	
  Software License
  Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business Objects Americas

  	
   

  	
  GE Capital Services Inc

  
	
  Software License and
  Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx Corporation

  	
   

  	
  General Electric Corp

  
	
  GE-EMC Master Global
  Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC Corporation

  	
   

  	
  General Electric Company

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing Communications Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master Contract Service
  Arrangement Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth Telecommunications, Inc.

  	
   

  	
  General Electric Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle Corporation

  	
   

  	
  a. General Electric Company

  
	
  Microsoft/GE License
  Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI, GP

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement Renewal Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix Systems Inc.

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion Corporation (“Courion”)

  	
   

  	
  General Electric Company

  
	
  Software License
  Agreement

  	
   

  	
  Undated (The license agreement is effective
  upon acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
  GE-Internet Security
  Systems, Inc. Enterprise Software License Subscription

  	
   

  	
  12/28/1998

  	
   

  	
  Internet Security Systems, Inc. (“ISS”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License
  Agreement between Netegrity, Inc. and General Electric Company

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity, Inc. (“Netegrity”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Custom International
  Customer Support Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService Division, Sun Microsystems, Inc.

  	
   

  	
  General Electric Company

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon U.S.A., Inc.

  	
   

  	
  General Electric Corporation

  
	
  GE/Ricoh Corporation
  National Account Agreement and Amendment Number One to National Agreement by
  and between Ricoh Corporation and GE Company

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh Corporation

  	
   

  	
  GE Company Corporate Initiatives Group

  
	
  GE-Compaq Master
  Purchase and Services Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq Computer Corporation

  	
   

  	
  General Electric Company

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision Inc

  	
   

  	
  General Electric Company

  
	
  Master Agreement for
  Data Imaging Services

  	
   

  	
   

  	
   

  	
  Anacomp, Inc.

  	
   

  	
  GE Capital

  
	
  Network Services
  Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
  Software Licensing
  Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  

 

92

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Standard & Poor’s
  Master Subscription Agreement, S&P Ratings Direct Credit Wire Only.

  	
   

  	
  6/1/2003

  	
   

  	
  Standard & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
  Reuters Services
  Contract

  	
   

  	
  9/1/1998

  	
   

  	
  Reuters America Inc. (“Reuters”)

  	
   

  	
  GEAM

  
	
  Moody’s KMV Subscription
  Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s KMV Company (“Moody’s”)

  	
   

  	
  General Electric Company

  
	
  System License Agreement
  Bondedge for Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
  Leasing Agreement

  	
   

  	
  11/21/2003

  	
   

  	
  Sun Microsystems Finance

  	
   

  	
  GEAM

  
	
  Software License Agreement

  	
   

  	
   

  	
   

  	
  Realm Business Solutions, Inc.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  

 

Section C: Genworth owns Master, split

 

The following master agreements and any licenses,
leases, addendums and similar arrangements thereunder pursuant to which any
software, hardware, equipment or services are acquired that relate primarily to
the Genworth Business shall be assigned to a member of the Genworth Group.  All licenses, leases, addendums and similar
arrangements under any of the following master agreements in the name of GEFAHI
or any member of the Genworth Group that do not relate primarily to the
Genworth Business shall be retained by or assigned to GEFAHI.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

  	
  Dell Financial Services, L.P. (“Dell”)

  	
   

  	
  GEFAHI

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource, Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  
	
  GEFAHI Master Lease Agreement

  	
   

  	
   

  	
   

  	
  EMC Corporation

  	
   

  	
  GEFAHI

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
  License Agreement

  	
   

  	
   

  	
   

  	
  Mercury Interactive

  	
   

  	
  GEFAHI

  
	
  Software License Agreement

  	
   

  	
  No date provided

  	
   

  	
  Edify Corporation (“Edify”)

  	
   

  	
  GEFAHI (“Licensee”)

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

93

 

Schedule 1.1(e)

 

Genworth Contracts

 

1.            all contracts and
arrangements to which Financial Assurance Company Limited is a party, including
those within the definitions of Residual Assets, Residual Liabilities, Retained
Insurances, Transferring Assets, Transferring Liabilities, Transferring
Contracts, Transferring Insurances, Reinsurance Contracts (as such terms are
defined in the UK Transfer Plan

 

2.            all contracts and arrangements
to which Vie Plus S.A. is a party to the extent relating to its payment
protection business, including the marketing, sale, and administration thereof

 

3.            all contracts and
arrangements to which any of Financial Insurance Company Limited, Consolidated
Insurance Group Limited, GE Financial Assurance, Compania de Seguros y
Reaseguros de Vida SA and GE Financial Insurance, Compania de Seguros y
Reaseguros SA is a party

 

4.            all contracts and
arrangements to which any of the GE Capital Mortgage Insurance Corporation
(Australia) Pty Ltd., GE Mortgage Insurance Pty Ltd., or GEMICO Holdings
(Australia) is a party. (1)

 

5.            GE Homebuyer
Privileges Lender Participation Agreements as listed on Annex A attached hereto
in the name of GEMICO on behalf of General Electric Company and certain of its
business units.

 

6.            All agreements
involving a member of the GE Group whereby a member of the GE Group acquired
any member of the Genworth Group from a third party, except for any rights of a
member of the GE Group under such agreement relating to any member of the GE
Group acquired under any such agreement.

 

7.            The lessee’s interest
in the co-location/Sublease Agreement dated April 1, 2002 between GE Real
Estate and GE Asset Management for space located at 601 S. Figouroa Street, Los
Angeles, CA, USA.

 

8.            The lessee’s interest
in the lease dated January 20, 1977, as amended March 31, 1987,
August 30, 1979, March 26, 1980, January 6, 1984, June 8,
1989, November 16, 1993, December 16, 1994, December, 19, 1995, April 26,
1996, January 16, 1997, July 22, 1997, April 28, 1998,
March 28, 2001 (letter of understanding) and September, 2002 between
Stamford Square Associates L.P. and GE Investment Distributors, Inc. for space
located at 3001 Summer Street, Stamford, CT, USA.

 

(1)                              The transfers of the
contracts of these entities to a member of the Genworth Group occurred on
April 2004.

 

94

 

9.            The sublessee’s
interest in the sublease dated October 24, 2003 between General Electric Capital
Company and FGIC Holdings, Inc. for space located at 335 Madison Avenue, New
York, NY, USA.

 

95

 

Annex
A to Schedule 1.1(e)

 

HomeBuyer
Privileges Lender Agreements

 

1.             1st Advantage Mortgage, L.L.C.

2.             Abn Amro Mortgage Group, Inc.

3.             Advance Mortgage Corporation

4.             Access National Mortgage

5.             Affordable Home Mortgage, Llc

6.             Alliance Mortgage Banking Corp.

7.             Alliance Mortgage Company Dba First Alliance Bank

8.             Alpine Bank

9.             American Federal Mortgage Corp.

10.           American Heritage Mortgage Corp.

11.           American Mortgage Express Financial

12.           American Mortgage Service Company

13.           American Residential Mortgage Corp.

14.           American United Mortgage Corp

15.           Amerihome Mortgage Company, Llc

16.           Amerisouth Mortgage Company

17.           Ameristar Mortgage Corporation

18.           Arlington Capital Mortgage
Corporation

19.           Aspen Mortgage Services

20.           Atlantic Coast Federal

21.           Baltimore American Mortgage Corp.

22.           Bancplus

23.           Bank of Mauston

24.           Bank of Utah

25.           Bell America Mortgage Llc

26.           Bethpage Federal Credit Union

27.           Boeing Employees Credit Union

28.           Bremer Bank, N.A.

29.           Broadview Mortgage Company

30.           C & K Enterprises, Inc. Dba
Pioneer Mortgage

31.           C & R Mortgage Source, Llc

32.           Cape Cod Bank and Trust Company

33.           Capital City Bank

34.           Capital Mortgage Funding L.L.C.

35.           Capitol Commerce Mortgage Co.

36.           Capitol Federal Savings Bank

37.           CapWest Mortgage Corporation

38.           Castle Bank

39.           Cendant Mortgage Corporation

40.           Centurybanc Mortgage

41.           Citizens Federal Savings Bank

42.           Cmg Mortgage, Inc.

 

 

24

 

43.           Coastal Funding Group

44.           Coastal Mortgage Services, Inc.

45.           Colban Funding

46.           Colban Funding Inc.

47.           Colonial National Mortgage
Corporation

48.           Columbia National, Inc.

49.           Commercial Federal Bank

50.           Commonfund Mortgage Corp.

51.           Community Banc Mortgage Llc

52.           Community First Bank

53.           Comunity Lending, Inc.

54.           Cornerstone Home Mortgage Corp.

55.           Cuc Mortgage Corporation

56.           Draper and Kramer Mortgage Corp.

57.           Eastern Bank

58.           Eastern Financial Florida Credit
Union

59.           Easthampton Savings Bank

60.           E-Loan, Inc.

61.           Eustis Mortgage Corporation

62.           Exchange Financial Corporation

63.           Extraco Mortgage

64.           Fairway Independent Mortgage Company

65.           Family Choice Mortgage Corporation

66.           First Citizens Bank and Trust Company

67.           First Commonwealth Mortgage Corp.

68.           First Eastern Mortgage Corp.

69.           First Federal

70.           First Federal Savings Bank of America

71.           First Financial Bank

72.           First Financial, A Division of Ivy
Mortgage

73.           First Mortgage Funding, Llc

74.           First National Bank of Estes Park

75.           First Priority Mortgage Inc.

76.           First Tennessee Bank, N. A.

77.           Firstmerit Bank, N.A.

78.           Firstrust Mortgage Service

79.           Flick Mortgage Investors, Inc.

80.           Fnb Salem Bank & Trust, N.A.

81.           Fox Cities Mortgage Corporation

82.           Franklin American Mortgage Company

83.           Golf Savings Bank

84.           Grafton Suburban Credit Union

85.           Great Midwest Bank, S.S.B.

86.           Greenpoint Mortgage Funding, Inc.

87.           Group One Mortgage Corporation

88.           Harris Trust and Savings Bank -
Chicago Real

 

 

25

 

 

89.           Harwood-Russell Mortgage, Inc.

90.           Heritage Federal Credit Union

91.           Hibernia National Bank

92.           Home Finance of America

93.           Home Financing Center, Inc.

94.           Home Funding Finders, Inc.

95.           Home Mortgage Assured Corporation

96.           Home Security Mortgage Corp.

97.           Homebanc Mortgage Corporation

98.           Homebound Mortgage

99.           Homestead Funding Corp.

100.         Homevest Mortgage Corporation

101.         Hudson River Bank and Trust Company

102.         Iberia Bank

103.         Integra Bank N.A.

104.         Intermountain Mortgage Company, Inc.

105.         Ipi Skyscraper Mortgage Corporation

106.         Ivanhoe Financial

107.         Jersey Mortgage Company

108.         L & G Mortgagebanc, Inc.

109.         Lake Mortgage Company, Inc.

110.         Leader Mortgage Company

111.         Lender’s One

112.         Lendia

113.         Liberty Bank

114.         Liberty Bank, FSB

115.         Loancity.Com

116.         Lundin and Associates, Inc.

117.         Mainline Mortgage Corporation

118.         Mann Financial Inc.

119.         Mc Cue Mortgage Company

120.         Member First Mortgage, Llc

121.         Metro Resources Service Corporation

122.         MFC Mortgage, Inc.

123.         Midway Mortgage Company, Inc.

124.         Mortgage Centre, L.C.

125.         Mortgage Financial Services, Inc.

126.         Mortgage Investors Group, L.P.

127.         Mortgage Loan Specialists

128.         Mortgage Master, Inc.

129.         Mortgage Partners Financial Services

130.         Myers Park Mortgage

131.         National Mortgage Access, Inc.

132.         Nations Home Mortgage

133.         New England Federal Credit Union

134.         Nvr Mortgage Finance, Inc.

 

 

26

 

 

135.         Oceanfirst Bank

136.         Old Second National Bank of Aurora

137.         Pacific Republic Mortgage Corporation

138.         Paramount Mortgage Company

139.         Park National Bank

140.         Pathfinder Bank

141.         Patriot Funding

142.         Phoenix Savings Bank

143.         Pinnacle Mortgage Group, Inc.

144.         Pirimar Home Loans

145.         Prairie State Mortgage

146.         Premier Mortgage Group, A Limited

147.         Prime Home Mortgage, Inc.

148.         PrimeTrust Bank

149.         Princeton Mortgage Corporation

150.         Provantage Funding Corporation

151.         Pulaski Mortgage Company

152.         Rbc Centura Bank

153.         RBCMortgage

154.         Real Estate Mortgage Corp.

155.         Republic Mortgage Llc

156.         Republic State Mortgage

157.         Residential Mortgage Group, Inc.

158.         Resource Lender

159.         R-G Crown Bank, FSB

160.         RMS & Associates

161.         Royal Mortgage Corp.

162.         Salem Five Cents Savings Bank

163.         Sandy Spring National Bank of Maryland

164.         Schmidt Mortgage Company

165.         Scme Mortgage Bankers, Inc.

166.         Seattle Savings Bank and

167.         Sidus Financial Corporation

168.         Sierra Pacific Mortgage Co., Inc.

169.         Southbank, F.S.B.

170.         Southern Community Banc Mortgage

171.         Sovereign Bank

172.         Space Coast Credit Union

173.         Sterling Savings Bank And/Or Action
Mortgage Co.

174.         Stockton Turner

175.         Suburban Mortgage, Inc.

176.         Summit Lending of Hawaii

177.         Sun American Mortgage Corporation

178.         Sunset Bank

179.         Suntrust Bank

180.         Taylor, Bean and Whitaker Mortgage
Corp.

 

 

27

 

 

181.         The First National Bank of South
Mississippi

182.         The Mortgage People Company

183.         The Northern Ohio Investment Company

184.         Town & Country Bank

185.         Transland Financial Services

186.         Trident Mortgage Company

187.         Trustcorp Mortgage Company

188.         Ulster Savings Bank

189.         Unifirst Mortgage Corporation

190.         Union Federal Savings Bank of
Indianapolis

191.         United Capital Mortgage Corp.

192.         United Kingfield Bank

193.         United Mortgage

194.         Universal Mortgage Corp. of Wisconsin

195.         Unizan Bank, National Association

196.         Usa Funding Corp.

197.         Vitek Mortgage Group

198.         Washington Federal Savings

199.         Washington Mutual Bank, FA

200.         Waterfield Financial Corporation

201.         Watson Mortgage

202.         Weichert Financial Services

203.         Westlend Mortgage Group, Llc

204.         Wilson Bank and Trust

 

 

28

 

Schedule 2.1(a)

 

Plan of Separation

 

The Separation shall be effected in
accordance with the plan and structure set forth in the following documents:

 

1.            Annex A sets forth the
movements of U.S. GEFA/MI entities required to effect the Separation:

 

2.            Annex B sets forth the
movements of Mortgage International entities required to effect the
Separation.  As indicated therein,
certain movements will occur prior to the Closing Date:

 

3.            Annex C document sets
forth the movements of European business entities required to effect the
Separation.  As indicated therein,
certain movements will occur prior to the Closing Date:

 

4.            Annex D reflects the
Genworth and GEFAHI Pro-Forma organizational charts upon consummation of the
Separation.

 

29

 

Master Agreement Schedule 2.1(a) Plan of
Separation – GEFA/MI Annex A

 

Transactions
Involving GE Capital Insurance Agency, Inc. on the Closing Date

 

1.) Contribution by
GECC to GEI of GE Capital Insurance Agency, Inc. (GECIA). 2.) GEI then
contributes same to GEFAHI.  3.) GEFAHI
contributes GECIA to Genworth.  4.)
Genworth dividends GECIA to GEFAHI.

 

 

30

 

Transactions
Involving GEFA Subsidiary I, Inc. and GEFA Real Estate Holding LLC on the
Closing Date

 

1.) Distribution by GNA
Corporation of 100% of its membership interest in GEFA Real Estate Holding LLC
to GEFAHI  2.) GEFAHI contributes 100%
of its membership interest in GEFA Real Estate Holding LLC to GEFA Subsidiary
I, Inc. 

 

 

31

 

On the Closing Date,
GNA Corporation dividends Trooper Communications Corporation and Trooper
Investment, Inc. to GEFAHI

 

 

32

 

Prior to the Closing
Date the following transactions took place with respect to the ownership of
Union Fidelity Life Insurance Company: 
1. FHL paid a stock dividend of the shares it held in UFLIC to GECA and
GEFAHI, its respective shareholders, 2. GECA paid a stock dividend of the UFLIC
shares it received from FHL and all of its own interest in UFLIC to GNA, 3. GNA
paid a stock dividend of such shares to GEFAHI, 4. GEFAHI paid a stock dividend
of the shares it received from GNA plus the shares it received from FHL
(together equal to 100% of UFLIC’s outstanding common stock) to GEI, Inc. and
5. GEI, Inc. sold such shares to GECS.

 

 

33

 

On the Closing Date,
GEFAHI contributes GNA Corp. together with its subsidiaries to Genworth

 

 

34

 

On the Closing Date,
GEFAHI contributes Brookfield Life Assurance Company to Genworth

 

 

35

 

Miscellaneous GEFAHI
Transfers

 

On the Closing Date,
GEFAHI contributes GE Mortgage Holdings, LLC together with its subsidiaries to
Genworth

 

 

36

 

Miscellaneous GEFAHI
Transfers

 

On the Closing Date,
GEFAHI contributes all stock held in the following companies to Genworth: 

(a) GE Group
Retirement, Inc.

(b) GE Group
Administrators 

(c) Fee for Service,
Inc. 

(d) GE Group Life
Assurance Company 

(e) LTC,
Incorporated

 

 

37

 

On the Closing Date,
GEFAHI contributes Viking Insurance Co., Ltd. to Genworth

 

 

 

38

 

Miscellaneous GEFAHI
Transfers

 

On the Closing Date,
GEFAHI contributes Dental Holdings, Inc. together with its subsidiary to
Genworth

 

 

39

 

Miscellaneous GEFAHI
Transfers

 

On the Closing Date,
GEFAHI contributes Centurion Capital Group, Inc. together with its subsidiaries

to Genworth

 

 

40

 

Miscellaneous GEFAHI
Transfers

 

On the Closing Date,
GEFAHI contributes minority interests (3.1% and 2.3%) of GE Life and Annuity
Assurance Company and Federal Home Life Insurance Company respectively to GECA
through Genworth and GNA Corporation

 

Transfer effected
by:

 

•                  On the Closing
Date, GEFAHI contributes 3.1% ownership in GELAAC to Genworth (800 shares)

 

•                  On the Closing
Date, GEFAHI contributes 2.3%  interest
in FHL to Genworth (5,125 shares)

 

•                  Immediately
subsequent thereto,

 

Genworth contributes such interests to GNA
Corporation who in turns contributes its ownership in GELAAC and FHL to GECA
and, FHL dividends its interest in GELAAC to GECA.

 

 

41

 

Annex B

 

BR Purchase of UK
Mortgage Co.

 

 

42

 

Move Guernsey
Mortgage Entity into GEFA International Holdings, Inc.

 

 

43

 

Sale of GE Capital
Mortgage Insurance Company of Canada to New GEMIC Holdings Company

 

 

44

 

Move Australian
Mortgage Insurance Business into GEFA International Holdings, Inc. (Asset
Transfer)

 

 

45

 

 

46

 

	
  European Creditor Business Entity Moves

  	
   

  	
  Funding pre Closing – Annex C

  

 

 

47

 

	
  European Creditor Business Entity Moves

  	
   

  	
  GEFAHI Acquisitions Pre Closing

  

 

 

48

 

	
  European Creditor Business Entity Moves

  	
   

  	
  Genworth Acquisitions Post Closing

  

 

 

49

 

 

50

 

 

51

 

 

52

 

Schedule 2.1(b)

 

Delayed Transfer Assets

 

1.            If the required
Consents and Governmental Approvals to transfer the assets of the following
entities to Genworth or one of its subsidiaries have not been obtained by
December 31, 2004 then all of the issued and outstanding capital stock of
such entities will be transferred to Genworth:

 

•                  Financial
Assurance Company Limited (which includes its ownership of Financial Insurance
Company Limited, Consolidated Insurance Group Limited, GE Financial Assurance,
Compania de Seguros y Reaseguros de Vida S.A and GE Financial Insurance,
Compania de Seguros y Reaseguros S.A.)

 

2.            Any and all Assets and
Liabilities of FACL that are for any reason not transferred to or assumed by a
member of the Genworth Group under the UK Transfer Plan (including Retained
Insurances and Residual Liabilities) shall, effective as of the effective date
of the UK Transfer Plan, automatically be deemed for all purposes to be
Genworth Assets and Genworth Liabilities, respectively.

 

3.            Any and all Assets and
Liabilities of Vie Plus that arise under or otherwise relate to the payment
protection business of Vie Plus that are for any reason not transferred to or
assumed by a member of the Genworth Group under the French Transfer Plan or the
French Transfer Agreement shall, effective as of the effective date of the
French Transfer Plan, automatically be deemed for all purposes to be Genworth
Assets and Genworth Liabilities, respectively.

 

4.            All of Financial
Assurance Company Limited’s rights to use the name “Financial Assurance Company
Limited” or any derivative thereof shall, effective as of the date the UK
Transfer Plan is approved in all relevant jurisdictions but subject always to
the provisions of the European Transition Services Agreement, be transferred to
Genworth’s subsidiary, Financial New Life Company Limited.

 

53

 

Schedule 2.2(a)(i)

 

Genworth Assets

 

•                  all Assets of
GEFAHI other than those listed on Schedule 2.2(b)(i) as Excluded Assets

 

•                  all Assets of
Financial Assurance Company Limited, including those within the definitions of
Residual Assets, Residual Liabilities, Retained Insurances, Transferred Assets,
Transferring Liabilities, Transferring Contracts, Transferring Insurances,
Reinsurance Contracts (as such terms are defined in the UK Transfer Plan)

 

•                  all Assets of
Vie Plus S.A. to the extent relating to its payment protection business,
including the marketing, sale, and administration thereof

 

•                  all patents
(including pending) domain names, trademarks, service marks and other
intellectual property listed on Exhibit 1 hereto.

 

•                  [38,168][376,093] shares of Class B
Common Stock in MERSCORP, Inc., a Delaware Corporation, held by GE Mortgage
Services, LLC.

 

54

 

Exhibit 1 to Schedule 2.2(a)(i)

 

MASTER AGREEMENT IP SCHEDULES

 

·        
I.                                         TRADEMARKS:

 

The following trademarks and service marks, together with the goodwill
of the business associated therewith, and all common law rights, registrations
and applications for registration thereof, and all rights therein provided by
international treaties or conventions, and all reissues, extensions and
renewals of any of the foregoing:

 

GE FINANCIAL
ASSURANCE HOLDINGS, INC.

 

	
  TRADEMARK

  	
   

  	
  COUNTRY/  STATE

  	
   

  	
  REG. NO.

  	
   

  	
  REG. DATE

  	
   

  	
  APP. NO.

  	
   

  	
  APP. DATE

  	
   

  	
  STATUS

  	
   

  	
  NOTES

  
	
  QUICK APP

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-347,564

  	
   

  	
  12/12/2001

  	
   

  	
  PENDING

  	
   

  	
   

  
	
  PROTECTION 1 ONE AND DESIGN

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-286,633

  	
   

  	
  12/17/2001

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  GENIUS

  	
   

  	
  U.S.

  	
   

  	
  2,652,604

  	
   

  	
  11/19/2002

  	
   

  	
  76-248,870

  	
   

  	
  05/01/2001

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  BIG CASE AND DESIGN

  	
   

  	
  U.S.

  	
   

  	
  2,512,617

  	
   

  	
  11/17/2001

  	
   

  	
  76-223,585

  	
   

  	
  03/13/2001

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  BEYOND MONEY

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-190,041

  	
   

  	
  01/05/2001

  	
   

  	
  PENDING

  	
   

  	
  ITU Application

  
	
  RETIREMENT INCOME ROADMAP

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-160,353

  	
   

  	
  11/3/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  TOTAL ACCESS

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-095,646

  	
   

  	
  07/25/2000

  	
   

  	
  PENDING

  	
   

  	
   

  
	
  FUND COMPANY SERVICES

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-008,644

  	
   

  	
  03/24/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  AFFLUENT MARKET SERVICES GROUP

  	
   

  	
  U.S.

  	
   

  	
  2,447,241

  	
   

  	
  04/24/2001

  	
   

  	
  76-008,643

  	
   

  	
  03/24/2000

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  SAVVY INVESTOR

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-937,210

  	
   

  	
  03/07/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  

 

55

 

	
  TRADEMARK

  	
   

  	
  COUNTRY/  STATE

  	
   

  	
  REG. NO.

  	
   

  	
  REG. DATE

  	
   

  	
  APP. NO.

  	
   

  	
  APP. DATE

  	
   

  	
  STATUS

  	
   

  	
  NOTES

  
	
  CENTER FOR FINANCIAL LEARNING.COM AND
  DESIGN

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-916,446

  	
   

  	
  02/10/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  REPFINDER

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-878,548

  	
   

  	
  12/22/1999

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  LIVING SECURITY

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-866,505

  	
   

  	
  12/07/1999

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
  SIMPLE SECURITY

  	
   

  	
  U.S.

  	
   

  	
  2,643,414

  	
   

  	
  10/29/2002

  	
   

  	
  75-783,577

  	
   

  	
  08/24/1999

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  THE GIFT TO REMEMBER

  	
   

  	
  U.S.

  	
   

  	
  2,316,514

  	
   

  	
  02/08/2000

  	
   

  	
  75-627,099

  	
   

  	
  01/25/1999

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  CUSTOM CHOICE

  	
   

  	
  U.S.

  	
   

  	
  2,622,601

  	
   

  	
  09/24/2002

  	
   

  	
  75-598,255

  	
   

  	
  12/02/1998

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  YOUR LIFETIME FINANCIAL PARTNER

  	
   

  	
  U.S.

  	
   

  	
  2,328,218

  	
   

  	
  03/14/2000

  	
   

  	
  75-529,708

  	
   

  	
  07/31/1998

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
  CUSTOM CHOICE

  	
   

  	
  U.S.

  	
   

  	
  2,138,213

  	
   

  	
  02/24/1998

  	
   

  	
  75-085,610

  	
   

  	
  04/09/1996

  	
   

  	
  REGISTERED

  	
   

  	
  Assigned from First Colony Life Insurance 11/03/1998

  
	
  LIVING SECURITY

  	
   

  	
  U.S.

  	
   

  	
  689,253

  	
   

  	
  12/01/1959

  	
   

  	
  72-070,128

  	
   

  	
  03/23/1959

  	
   

  	
  CANCELLED

  	
   

  	
  Unclear if owned by Zurich American Insurance Co.- missing link in
  chain of title

  

 

56

 

·        
II.                                     DOMAIN NAMES:

 

	
  Domain Name

  
	
  AccountHolder.com

  
	
  AddedOptions.com

  
	
  Administradora-Habitat.com.mx

  
	
  AdvancedAgeAlternative.com

  
	
  AgentAccess.com

  
	
  AmericanMayFlower.com

  
	
  APP-Ease.com

  
	
  arbejdsloeshed.dk

  
	
  arbejdsloshed.com

  
	
  arbejdsloshed.dk

  
	
  arbejdsløshedsforsikring.dk

  
	
  argusmax.fr

  
	
  betalingsbeskyttelse.com

  
	
  betalingsforsikring.com

  
	
  BGAInfo.com

  
	
  bjg-ccm.com

  
	
  BrokerageInfo.com

  
	
  Buy-A-GIC.com

  
	
  BuyGICS.com

  
	
  Buy-GICS.com

  
	
  CCentertain.com

  
	
  CCMGI.com

  

 

57

 

	
  Domain Name

  
	
  CenterForFinancialLearning.com

  
	
  Center-For-Learning.com

  
	
  Centrust.com

  
	
  Centurioncm.com

  
	
  Certilink.biz

  
	
  CertiLink.com

  
	
  CertiLink.net

  
	
  CertiLink.org

  
	
  CertiLink2.com

  
	
  cfi.co.uk

  
	
  ChampionshipLife.com

  
	
  ChampionshipLifeInsurancePlan.com

  
	
  CheckSixProductions.com

  
	
  CheckSixProductions.net

  
	
  claim-center.co.uk

  
	
  claim-centre.co.uk

  
	
  claimfortravel.co.uk

  
	
  ClaimForTravel.com

  
	
  Click-For-A-GIC.com

  
	
  ComboOnce.com

  
	
  ContingentLife.com

  
	
  Coordinated-Care.com

  
	
  debtprotect.co.uk

  
	
  DebtProtect.com

  

 

58

 

	
  Domain Name

  
	
  DistributorAccess.com

  
	
  DL10.com

  
	
  DL20.com

  
	
  DynamicLearningPlan.com

  
	
  DynamicLearningPlan.net

  
	
  eguidance.co.uk

  
	
  EPPIStaging.com

  
	
  eWorksite.com

  
	
  facl.co.uk

  
	
  facl.de

  
	
  FACL.dk

  
	
  facl.it

  
	
  facl.nl

  
	
  facl-invest.co.uk

  
	
  FederalColumn.com

  
	
  FGIACustomerService.com

  
	
  FGIACustomerService.net

  
	
  FGIAInqueries.com

  
	
  FGIAInquiries.com

  
	
  FGIAQuestions.com

  
	
  ficl.de

  
	
  FICL.dk

  
	
  ficl.it

  
	
  ficl.nl

  

 

59

 

	
  Domain Name

  
	
  figsl.co.uk

  
	
  FIGSL.com

  
	
  FinancialAssurance.com

  
	
  FinancialEarning.com

  
	
  FinancialEarning.net

  
	
  FinancialEarning.org

  
	
  FinancialLearning.biz

  
	
  FinancialLearning.com

  
	
  Financial-Learning.com

  
	
  FinancialLearning.info

  
	
  FinancialLearning.net

  
	
  Financial-Learning.net

  
	
  FinancialLearning.org

  
	
  Financial-Learning.org

  
	
  FinancialLearningCenter.com

  
	
  Financialphobia.com

  
	
  Financial-Phobia.com

  
	
  FinancialPhobias.com

  
	
  FinancialPhobic.com

  
	
  Financialphobics.com

  
	
  financialwisdom.co.uk

  
	
  FirstColonyLife.com

  
	
  Firstrak.com

  
	
  FundMinder.com

  

 

60

 

	
  Domain Name

  
	
  generalhipotecaria.com

  
	
  generalhipotecaria.com.mx

  
	
  GPX-One.com

  
	
  GuaranteedAssetProtection.com

  
	
  GuaranteedOne.com

  
	
  GuardingYourFuture.com

  
	
  HarvestLife.com

  
	
  HarvestProtector.com

  
	
  HarvestUniversalProtector.com

  
	
  HarvestWealthGuard.com

  
	
  HesseFinancial.com

  
	
  Hindsfg.com

  
	
  HomeBuyerPrivileges.com

  
	
  HomeBuyerPrivileges.info

  
	
  HomeBuyerPrivileges.net

  
	
  HomeBuyerPrivileges.org

  
	
  HomeNow.com

  
	
  HomeNow.info

  
	
  HomeNow.org

  
	
  HomePartnership.biz

  
	
  HomePartnership.com

  
	
  HomePartnership.net

  
	
  HomePartnership.org

  
	
  HomeVendorGuide.com

  

 

61

 

	
  Domain Name

  
	
  HouseSaleHelper.com

  
	
  HouseVendor.com

  
	
  IdealTerm.com

  
	
  JobCare.info

  
	
  JointLifeProtector.com

  
	
  laaneforsikring.com

  
	
  laaneforsikring.dk

  
	
  laneforsikring.com

  
	
  LendingPartnerLocator.com

  
	
  LendingPartnerLocator.info

  
	
  LendingPartnerLocator.net

  
	
  LendingPartnerLocator.org

  
	
  LifeAccidentSicknessUnemployment.com

  
	
  loanprotect.co.uk

  
	
  loanprotector.co.uk

  
	
  LTCDigitalOffice.biz

  
	
  LTCDigitalOffice.com

  
	
  LTCDigitalOffice.info

  
	
  LTCDigitalOffice.net

  
	
  LTCDigitalOffice.org

  
	
  managingmymoney.co.uk

  
	
  MIConnect.com

  
	
  Midinero.com

  
	
  Mortgage-OmniScore.com

  

 

62

 

	
  Domain Name

  
	
  Mortgage-Score.com

  
	
  my-claim-online.co.uk

  
	
  My-Claim-Online.com

  
	
  mycover.co.uk

  
	
  MyCover.com

  
	
  my-online-claim.co.uk

  
	
  My-Online-Claim.com

  
	
  MyRetirementIncomeRoadmap.com

  
	
  MySelectSite.com

  
	
  mytravelclaim.co.uk

  
	
  MyTravelClaim.com

  
	
  my-travel-claim.co.uk

  
	
  My-Travel-Claim.com

  
	
  NetOriginate.biz

  
	
  NetOriginate.com

  
	
  NetOriginate.net

  
	
  NetOriginate.org

  
	
  oekonomisikring.com

  
	
  oekonomisikring.dk

  
	
  økonomiforsikring.dk

  
	
  okonomisikring.com

  
	
  økonomisikring.com

  
	
  okonomisikring.dk

  
	
  økonomisikring.dk

  

 

63

 

	
  Domain Name

  
	
  Online-Claim.com

  
	
  online-claim.co.uk

  
	
  OwnersPack.com

  
	
  PaymentProtection.org

  
	
  paymentprotectioninsurance.co.uk

  
	
  PaymentProtectionInsurance.com

  
	
  personalloanprotection.co.uk

  
	
  PersonalLoanProtection.com

  
	
  PeterGreenberg.com

  
	
  PeterGreenburg.com

  
	
  PlusQueLargus.com

  
	
  plusquelargus.tm.fr

  
	
  ProductivityPrivileges.com

  
	
  redundancycover.co.uk

  
	
  RedundancyCover.com

  
	
  protectyourpet.co.uk

  
	
  rdplus.fr

  
	
  RetirementIncomeRoadmap.com

  
	
  SCACredit.com

  
	
  SCACredit.net

  
	
  sortme.co.uk

  
	
  SortMe.com

  
	
  SusesChoice.com

  
	
  SusesChoice.net

  

 

64

 

	
  Domain Name

  
	
  SusiesChoice.com

  
	
  SusiesChoice.net

  
	
  SuzeChoice.com

  
	
  SuzeChoice.info

  
	
  SuzeChoice.net

  
	
  SuzesChoice.com

  
	
  SuzesChoice.net

  
	
  SuzieChoice.com

  
	
  SuzieChoice.net

  
	
  SuzysChoice.com

  
	
  SuzysChoice.net

  
	
  TerraFinancial.com

  
	
  travelcenter-claims.co.uk

  
	
  travelcentre-claims.co.uk

  
	
  TravelCentre-Claims.com

  
	
  travel-claim.co.uk

  
	
  Travel-Claim.com

  
	
  TravelDetective.org

  
	
  TravelDetectives.com

  
	
  uktravelclaim.co.uk

  
	
  UKTravelClaim.com

  
	
  VendersPack.com

  
	
  worldcover.co.uk

  
	
  WorldCover.com

  

 

65

 

	
  Domain Name

  
	
  worldcoverdirect.co.uk

  
	
  WorldCoverDirect.com

  
	
  WorldCoverOnline.com

  
	
  worldcoveronline.co.uk

  

 

66

 

·        
III.                                 SOFTWARE, TOOLKITS AND OTHER MATERIALS

·        
 

·        
A.                                   All (i) copyrights, mask work rights,
database rights and design rights, whether or not registered, published or
unpublished, and registrations and applications for registration thereof, and
all rights therein whether provided by international treaties or conventions or
otherwise and (ii) trade secrets associated with the following:

 

	
  1.

  	
   

  	
  MyGoals:

  Genworth Group’s MyGoals H/R Software

  
	
  2.

  	
   

  	
  Privacy/Opt-Out:

  Genworth Group’s Consumer Privacy Management Software

  
	
  3.

  	
   

  	
  Complaint Log System (CLS):

  Genworth Group’s Complaint Log System Software

  
	
  4.

  	
   

  	
  Death Claims System:

  Genworth Group’s Death Claims Cross-Checking Software

  
	
  5.

  	
   

  	
  EWD:

  Genworth Group’s Enterprise-Wide Disbursement Software

  
	
  6.

  	
   

  	
  SMART:

  Genworth Group’s Sales Management and Report Tracking System Software

  
	
  7.

  	
   

  	
  e-Learning:

  Genworth Group’s developed e-Learning courseware Software

  
	
  8.

  	
   

  	
  Change Control System Software (Europe):

  Genworth Group’s web-based Change Control System Software

  
	
  9.

  	
   

  	
  Compliance Management System (CMS):

  Genworth Group’s Compliance Management System Software

  
	
  10.

  	
   

  	
  Genworth
  Strategic Toolkits, including:

  P.I.E.

  HomeRun

  e-QuTOPS PMO Toolkit, including Project Place Software

  

 

67

 

	
  11.

  	
   

  	
  Training:

  “GEFA-U” Course Materials
  including but not limited to  

  
	
   

  	
   

  	
  •   Foundations of Leadership

  
	
   

  	
   

  	
  •             Interview & Selections

  
	
   

  	
   

  	
  Business Leadership Impact
  Symposium

  
	
   

  	
   

  	
  Lean Transactions

  
	
  12.

  	
   

  	
  Human
  Resources:

  Genworth Group’s Program Materials, including  

  
	
   

  	
   

  	
  •             LDP (Leadership
  Development Program)

  
	
   

  	
   

  	
  •             ALDP (Actuarial
  Leadership Development Program)

  
	
  13.

  	
   

  	
  Risk:

  Genworth Group’s Risk Management Toolkit

  
	
  14.

  	
   

  	
  Information Technology:

  Genworth Group’s
  DMADOV Methodology

  
	
  15.

  	
   

  	
  Legal/Compliance:

  Outsourcing Toolkit including the Migration Toolkit

  
	
  16.

  	
   

  	
  Operations:

  Genworth Group’s Crisis Management Toolkit

  
	
  17.

  	
   

  	
  GE Center for Financial Learning Materials, including the “Managing
  Your Credit” Module

  

 

·        
B.                                     All copyrights (whether or not
registered, published or unpublished, and registrations and applications for
registration thereof, and all rights therein whether provided by international
treaties or conventions or otherwise) in works of authorship, content, text and
materials in electronic and paper formats (including copyrights in Web pages or
portions thereof, online content, and product and service descriptions and
brochures) in existence on the Closing Date owned by (i) GEFAHI, (ii) Financial
Assurance Company Limited, and (iii) Vie Plus S.A. to the extent relating to
its payment protection business (including the marketing, sale, and
administration thereof), other than such copyrights listed on
Schedule 2.2(b)(i) as Excluded Assets.

 

68

 

·        
IV.                                PATENTS

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00100

  	
   

  	
  52493.000118

  and

  52493.000153

  	
   

  
	
  85FA-00101

  	
   

  	
  52493.000032

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00103

  	
   

  	
  52493.000126

  	
   

  
	
  85FA-00104

  	
   

  	
  52493.000036

  	
   

  
	
  85FA-00105

  	
   

  	
  52493.000037

  	
   

  
	
  85FA-00106

  	
   

  	
  52493.000040

  and

  52493.000170

  	
   

  
	
  85FA-00107

  	
   

  	
  52493.000041

  and

  52493.000169

  	
   

  
	
  85FA-00108

  	
   

  	
  52493.000065

  	
   

  
	
  85FA-00109

  	
   

  	
  52493.000058

  and

  52493.000175

  	
   

  
	
  85FA-00110

  	
   

  	
  52493.000046

  and

  52493.000191

  	
   

  

 

69

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00111

  	
   

  	
  52493.000056

  	
   

  
	
  85FA-00112

  	
   

  	
  52493.000183

  	
   

  
	
  85FA-00113

  	
   

  	
  52493.000060

  	
   

  
	
  85FA-00114

  	
   

  	
  52493.000063

  and

  52493.000188

  	
   

  
	
  85FA-00115

  	
   

  	
  52493.000061

  	
   

  
	
  85FA-00116

  	
   

  	
  52493.000059

  and

  52493.000220

  	
   

  
	
  85FA-00117

  	
   

  	
  52493.000057

  	
   

  
	
  85FA-00118

  	
   

  	
  52493.000130

  	
   

  
	
  85FA-00119

  	
   

  	
  52493.000062

  	
   

  
	
  85FA-00120

  	
   

  	
  52493.000068

  	
   

  
	
  85FA-00121

  	
   

  	
  52493.000054

  and

  52493.000244

  	
   

  
	
  85FA-00123

  	
   

  	
  52493.000045

  	
   

  
	
  85FA-00124

  	
   

  	
  52493.000048

  and

  52493.000217

  	
   

  
	
  85FA-00125

  	
   

  	
  52493.000047

  	
   

  
	
  85FA-00126

  	
   

  	
  52493.000053

  	
   

  
	
  85FA-00127

  	
   

  	
  52493.000050

  	
   

  
	
  85FA-00128

  	
   

  	
  52493.000067

  	
   

  
	
  85FA-00129

  	
   

  	
  52493.000066

  	
   

  
	
  85FA-00130

  	
   

  	
  52493.000075

  and

  52493.000116

  	
   

  

 

70

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00132

  	
   

  	
  File # available

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00134

  	
   

  	
  52493.000124

  and

  52493.000235

  	
   

  
	
  85FA-00135

  	
   

  	
  52493.000070

  	
   

  
	
  85FA-00136

  	
   

  	
  52493.000072

  	
   

  
	
  85FA-00137

  	
   

  	
  52493.000073

  and

  52493.000189

  	
   

  
	
  85FA-00138

  	
   

  	
  52493.000076

  and

  52493.000197

  	
   

  
	
  85FA-00139

  	
   

  	
  52493.000080

  	
   

  
	
  85FA-00140

  	
   

  	
  52493.000084

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00145

  	
   

  	
  52493.000085

  and

  52493.000201

  	
   

  
	
  85FA-00146

  	
   

  	
  52493.000086

  	
   

  
	
  85FA-00147

  	
   

  	
  52493.000087

  and

  52493.000186

  	
   

  
	
  85FA-00148

  	
   

  	
  52493.000091

  and

  52493.000222

  	
   

  
	
  85FA-00149

  	
   

  	
  52493.000090

  and

  52493.000225

  	
   

  

 

71

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00150

  	
   

  	
  52493.000089

  	
   

  
	
  85FA-00151

  	
   

  	
  52493.000093

  and

  52493.000212

  	
   

  
	
  85FA-00152

  	
   

  	
  52493.000095

  	
   

  
	
  85FA-00153

  	
   

  	
  52493.000096

  	
   

  
	
  85FA-00154

  	
   

  	
  52493.000221

  	
   

  
	
  85FA-00155

  	
   

  	
  52493.000099

  and

  52493.000266

  	
   

  
	
  85FA-00156

  	
   

  	
  52493.000101

  

  52493.000196

  	
   

  
	
  85FA-00157

  	
   

  	
  52493.000114

  and

  52493.000193

  and

  52493.000102

  	
   

  
	
  85FA-00158

  	
   

  	
  52493.000100

  	
   

  
	
  85FA-00159

  	
   

  	
  52493.000103

  	
   

  
	
  85FA-00160

  	
   

  	
  52493.000104

  and

  52493.000215

  	
   

  
	
  85FA-00161

  	
   

  	
  File # available

  	
   

  
	
  85FA-00162

  	
   

  	
  52493.000105

  	
   

  
	
  85FA-00163

  	
   

  	
  52493.000107

  and

  52493.000275

  	
   

  

 

72

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00164

  	
   

  	
  52493.000108

  	
   

  
	
  85FA-00165

  	
   

  	
  52493.000109

  	
   

  
	
  85FA-00166

  	
   

  	
  52493.000110

  	
   

  
	
  85FA-00167

  	
   

  	
  52493.000111

  	
   

  
	
  85FA-00168

  	
   

  	
  52493.000112

  and

  52493.000246

  	
   

  
	
  85FA-00169

  	
   

  	
  File # available

  	
   

  
	
  85FA-00170

  	
   

  	
  52493.000121

  and

  52493.000202

  	
   

  
	
  85FA-00171

  	
   

  	
  52493.000123

  and

  52493.000338

  	
   

  
	
  85FA-00172

  	
   

  	
  52493.000119

  	
   

  
	
  85FA-00173

  	
   

  	
  52493.000129

  and

  52493.000243

  	
   

  
	
  85FA-00174

  	
   

  	
  52493.00128

  	
   

  
	
  85FA-00175

  	
   

  	
  52493.000127

  and

  52493.000257

  	
   

  
	
  85FA-00176

  	
   

  	
  52493.000125

  	
   

  
	
  85FA-00177

  	
   

  	
  52493.000139

  and

  52493.000224

  	
   

  
	
  85FA-00178

  	
   

  	
  52493.000145

  	
   

  
	
  85FA-00179

  	
   

  	
  52493.000135

  	
   

  
	
  85FA-00180

  	
   

  	
  52493.000131

  	
   

  

 

73

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00181

  	
   

  	
  52493.000134

  	
   

  
	
  85FA-00182

  	
   

  	
  52493.000136

  and

  52493.000242

  	
   

  
	
  85FA-00183

  	
   

  	
  52493.000143

  	
   

  
	
  85FA-00184

  	
   

  	
  52493.000138

  	
   

  
	
  85FA-00185

  	
   

  	
  52493.000141

  	
   

  
	
  85FA-00186

  	
   

  	
  52493.000142

  	
   

  
	
  85FA-00187

  	
   

  	
  52493.000163

  and

  52493.000321

  	
   

  
	
  85FA-00188

  	
   

  	
  File # available

  	
   

  
	
  85FA-00189

  	
   

  	
  52493.000133

  and

  52493.000270

  	
   

  
	
  85FA-00190

  	
   

  	
  52493.000152

  and

  52493.000256

  	
   

  
	
  85FA-00191

  	
   

  	
  52493.000151 and 52493.000274

  	
   

  
	
  85FA-00192

  	
   

  	
  52493.000155

  and

  52493.000255

  	
   

  
	
  85FA-00193

  	
   

  	
  52493.000156

  and

  52493.000278

  and

  52493.000337

  	
   

  

 

74

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00194

  	
   

  	
  52493.000157

  and

  52493.000273

  	
   

  
	
  85FA-00195

  	
   

  	
  52493.000164

  	
   

  
	
  85FA-00196

  	
   

  	
  52493.000165

  and

  52493.000247

  	
   

  
	
  85FA-00197

  	
   

  	
  52493.000166

  and

  52493.000265

  	
   

  
	
  85FA-00198

  	
   

  	
  52493.000162

  	
   

  
	
  85FA-00199

  	
   

  	
  52493.000233

  	
   

  
	
  85FA-00200

  	
   

  	
  52493.000229

  	
   

  
	
  85FA-00201

  	
   

  	
  52493.000185

  	
   

  
	
  85FA-00202

  	
   

  	
  52493.000234

  	
   

  
	
  85FA-00203

  	
   

  	
  52493.000237

  	
   

  
	
  85FA-00204

  	
   

  	
  52493.000238

  	
   

  
	
  85FA-00205

  	
   

  	
  52493.000239

  	
   

  
	
  85FA-00206

  	
   

  	
  52493.000161

  	
   

  
	
  85FA-00207

  	
   

  	
  52493.000168

  and

  52493.000282

  	
   

  
	
  85FA-00208

  	
   

  	
  52493.000171

  and

  52493.000286

  	
   

  
	
  85FA-00209

  	
   

  	
  52493.000264

  and

  52493.000172

  and

  52493.000304

  and

  52493.000343

  	
   

  

 

75

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00210

  	
   

  	
  File # available

  	
   

  
	
  85FA-00211

  	
   

  	
  File # available

  	
   

  
	
  85FA-00212

  	
   

  	
  52493.000176

  and

  52493.000299

  	
   

  
	
  85FA-00213

  	
   

  	
  52493.000179

  	
   

  
	
  85FA-00214

  	
   

  	
  52493.000187

  	
   

  
	
  85FA-00215

  	
   

  	
  52493.000199

  	
   

  
	
  85FA-00216

  	
   

  	
  52493.000208

  	
   

  
	
  85FA-00217

  	
   

  	
  52493.000205

  	
   

  
	
  85FA-00218

  	
   

  	
  52493.000204

  	
   

  
	
  85FA-00219

  	
   

  	
  52493.000231

  	
   

  
	
  85FA-00220

  	
   

  	
  52493.000230

  	
   

  
	
  85FA-00221

  	
   

  	
  52493.000261

  	
   

  
	
  85FA-00222

  	
   

  	
  52493.000251

  and

  52493.000328

  	
   

  
	
  85FA-00223

  	
   

  	
  52493.000252

  	
   

  
	
  85FA-00224

  	
   

  	
  52493.000253

  	
   

  
	
  85FA-00225

  	
   

  	
  52493.000260

  	
   

  
	
  85FA-00226

  	
   

  	
  52493.000262

  	
   

  
	
  85FA-00227

  	
   

  	
  52493.000277

  	
   

  
	
  85FA-00228

  	
   

  	
  52493.000281

  	
   

  
	
  85FA-00229

  	
   

  	
  52493.000302

  	
   

  
	
  85FA-00230

  	
   

  	
  52493.000301

  	
   

  
	
  85FA-00231

  	
   

  	
  52493.000297

  	
   

  
	
  85FA-00232

  	
   

  	
  52493.000296

  	
   

  

 

76

 

	
  GE Docket Number

  	
   

  	
  H&W
  File No.

  	
   

  
	
  85FA-00233

  	
   

  	
  52493.000295

  	
   

  
	
  85FA-00234

  	
   

  	
  52493.000303

  	
   

  
	
  85FA-00235

  	
   

  	
  52493.000298

  	
   

  
	
  85FA-00236

  	
   

  	
  52493.000300

  	
   

  
	
  85FA-00237

  	
   

  	
  File # available

  	
   

  
	
  85FA-00238

  	
   

  	
  52493.000328

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00241

  	
   

  	
  52493.000203

  and

  52493.000339

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00243

  	
   

  	
  File # available

  	
   

  
	
  85FA-00244 (US  85FA-00106)

  	
   

  	
  52493.000170 (US .000040)

  	
   

  
	
  85FA-00245

  	
   

  	
  52493.000308

  	
   

  
	
  85FA-00246

  	
   

  	
  52493.000309

  	
   

  
	
  85FA-00247

  	
   

  	
  52493.000311

  	
   

  
	
  85FA-00248

  	
   

  	
  52493.000312

  	
   

  
	
  85FA-00249

  	
   

  	
  52493.000160

  	
   

  
	
  85FA-00250 129271 RD 30958

  	
   

  	
  52493.000310

  	
   

  
	
  85FA-00250

  	
   

  	
  52493.000313

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  85FA-00252

  	
   

  	
  52493.000258

  	
   

  
	
  85FA-00253

  	
   

  	
  52493.000346

  	
   

  
	
  85FA-00254

  	
   

  	
  52493.000344

  	
   

  
	
  Assigned to Genworth

  	
   

  	
  52493.000349

  	
   

  

 

77

 

Schedule 2.2(a)(ii)(B)

 

Capital Stock of GE Subsidiaries

 

American Agriculturist Services, Inc.

American Mayflower Life Insurance Company of New York

Assigned Settlement, Inc.

Assocred S.A. (2)

Brookfield Life Assurance Company Limited

California Benefits Dental Plan

Capital Brokerage Corporation

Centurion Capital Group Inc.

Centurion Financial Advisers Inc.

Centurion-Hesse Investment Management Corp.

Centurion-Hinds Investment Management Corp.

CFI Administrators Limited (2)

CFI Pension Trustees Limited (2)

Consolidated Insurance Group Limited (3)

Dental Holdings, Inc.

Ennington Properties Limited (2)

Federal Home Life Insurance Company

Fee For Service, Inc.

FFRL of New Mexico, Inc.

FFRL Re Corp.

FIG Ireland Limited (2)

Financial Insurance Company Limited (3)

Financial Insurance Group Services Limited (2)

Financial Insurance Guernsey PCC Limited (4)

Financial New Life Company Limited (5)

First Colony Life Insurance Company

Forth Financial Resources Insurance Agency of Massachusetts, Inc.

Forth Financial Resources of Alabama, Inc.

Forth Financial Resources of Hawaii, Inc.

Forth Financial Resources of Oklahoma Agency, Inc.(6)

Forth Financial Resources of Texas, Inc.(7)

GE Capital Life Assurance Company of New York

GE Capital Mortgage Insurance Company (Canada) (8)

GE Center for Financial Learning, L.L.C.

GE Financial Assurance Mortgage Funding Corporation

GE Financial Assurance, Compania
de Seguros y Reaseguros de Vida S.A. (3)

 

(2)                                  transferred to GEFAHI
or one of its subsidiaries on April [    ], 2004

(3)                                  to be transferred to
GEFAHI or one of its subsidiaries under the UK Transfer Plan or FACL Fallback
Stock Transfer Agreement

(4)                                  transferred to GEFAHI
or one of its subsidiaries on April [    ], 2004

(5)                                  transferred to GEFAHI
or one of its subsidiaries on March 24, 2004

(6)                                  Stock of these corporations is owned by individuals
affiliated with the Genworth Group.

(7)                                  Stock of these corporations is owned by individuals affiliated
with the Genworth Group.

(8)                                  transferred to GEFAHI
or one of its subsidiaries on
[            ],
2004

 

78

 

GE Financial Insurance, Compania
de Seguros y Reaseguros S.A. (3)

GE Financial Trust Company

GE Group Administrators, Inc.

GE Group Life Assurance Company

GE Group Retirement, Inc.

GE Life and Annuity Assurance Company

GEMIC Holdings Company

GE Mortgage Contract Services, Inc.

GE Mortgage Holdings, LLC

GE Mortgage Insurance (Guernsey) Limited (9)

GE Mortgage Insurance Co. Pty. Ltd.

GE Mortgage Insurance Finance Holdings Pty Ltd.

GE Mortgage Insurance Finance Pty Ltd.

GE Mortgage Insurance Holdings Pty Ltd.

GE Mortgage Insurance Limited (7)

GE Mortgage Reinsurance Corporation of North Carolina

GE Mortgage Services Limited

GE Mortgage Solutions Limited

GE Private Asset Management, Inc.

GE Residential Mortgage Insurance Corporation of North Carolina

GE Seguros del Centro, S.A. de
C.V.

GEFA International Holdings, Inc.

GEFA Special Purpose Five, LLC

GEFA Special Purpose Four, LLC

GEFA Special Purpose One, LLC

GEFA Special Purpose Six, LLC

GEFA Special Purpose Three, LLC

GEFA Special Purpose Two, LLC

GEFA UK Finance Limited

GEFA UK Holdings Limited

General Electric Capital Assurance Company

General Electric Home Equity Insurance Corporation of North Carolina

General Electric Mortgage Insurance Corporation

General Electric Mortgage Insurance Corporation of North Carolina

Genworth Financial Asset Management, LLC

GFCM LLC

GNA Corporation

GNA Distributors, Inc.

HGI Annuity Service Corporation

Hochman & Baker, Inc.

Hochman & Baker Insurance Services, Inc.

Hochman & Baker Investment Advisory
Services, Inc.

Hochman & Baker Securities, Inc.

IFN Insurance Agency, Inc.

Jamestown Life Insurance Company

LTC, Incorporated

Mayflower Assignment Corporation

 

(9)                                  transferred to GEFAHI
or one of its subsidiaries on April 1, 2004

 

79

 

Newco Properties, Inc.

Private Residential Mortgage Insurance Corporation

Professional Insurance Company

RD Plus S.A.

River Lake Insurance Company

Security Funding Corporation

Sponsored Captive Re, Inc.

Terra Financial Planning Group, Ltd.

Terra Securities Corporation

The Terra Financial Companies, Ltd.

UK Group Holding Company Limited

United Pacific Structured Settlement Company

Verex Assurance, Inc.

Viking Insurance Company, Ltd.

WorldCover Direct Limited (10)

 

(10)                            transferred to GEFAHI
or one of its subsidiaries on April [    ], 2004

 

80

 

Schedule 2.2(a)(ii)(C)

 

Capital Stock GE Affiliates

 

 

•                                          5,125
shares of Federal Home Life Insurance Company Common Stock

 

•                                          800
shares of GE Life and Annuity Assurance Company’s Common Stock

 

81

 

Schedule 2.2(b)(i)

 

Excluded Assets

 

1.            Any
cash held by GEFAHI at the Closing in excess of $135.0 million (which $135.0
million will be transferred by GEFAHI to GNA at the Closing).

 

2.            All Assets of Vie Plus
S.A. to the extent not relating to its payment protection business, including,
but not limited to the OPUS Life System

 

3.            All Assets of
Financial Insurance Group Services Limited (“FIGSL”)
which demonstrably and solely relate to a business or the support of a business
of a member of the GEIH Group (as defined in the European Transition Services
Agreement but excluding any European Creditor Business Entity ) (the “GEIH Business”) except for those assets
which relate to the GEIH Business solely by virtue of FIGSL’s obligations
pursuant to the support of the GEIH Business pursuant to the European
Transition Services Agreement.

 

4.            Any financial reserves
related to any interests in real properties being retained by, or transferred
to, a member of the GE Group.

 

5.            Any financial reserves
established in connection with any contractual Liabilities being retained by,
or transferred to, a member of the GE Group.

 

6.            All capital stock of
Centerprise Advisors, Inc., including all Series A Redeemable Preferred Stock,
all Stapled Voting Preferred Stock and all Series A Warrants to purchase common
stock.

 

7.            All capital stock in
the following companies:

 

•                  AEC Signature
Industries Limited

•                  Champion General
Agency, Inc.

•                  Credit Card
Sentinel, Inc.

•                  GE Capital
Insurance Agency, Inc. and its Subsidiaries

•                  GE Dental &
Vision

•                  GE Administraco de Garantias e
Participacoes Ltda.

•                  GE Administraco de Garantias do
Brasil Ltda.

•                  GE Asset
Management Co., Ltd.

•                  GE Investment
Distributors, Inc.

•                  GE Motor Club of
California, Inc.

•                  GE Motor Club,
Inc.

•                  GE Retirement
Services, Inc.

•                  GEFA Subsidiary
I, Inc.

•                  Genworth
Financial, Inc.

•                  Heritage
Casualty Insurance Company

 

82

 

•                  National Dental
Service, Inc.

•                  Ocoma
Industries, Inc.

•                  Scrip Plus

•                  Signature
Agency, Inc.

•                  Signature
Financial/Marketing, Inc.

•                  Signature’s
Nationwide Auto Club of California, Inc.

•                  Signature’s
Nationwide Auto Club, Inc.

•                  Union Fidelity
Life Insurance Company

•                  Trooper Communications Corporation and Trooper
Investment, Inc. including the partnership interest of Colonial Valley
Data, Inc.

 

8.            All members’ interests
in GEFA Real Estate Holdings, LLC (together with subsidiaries: Forrer FA LLC,
Franklin FA LLC, Glendale FA LLC, Park Center FA LLC, PewaukeeFA LLC, Riverside Distribution LLC and Eastgate
Distribution Center LLC)

 

9.            Any asset of GEFAHI
related solely to the business of the Investment Management Marketing &
Client Service business segment, including, without limitation, furniture,
equipment, computer hardware, prepaid NASD fees and any other prepaid expenses,
intercompany receivables and capitalized 401(k) client implementation costs.

 

10.    All interests held by GNA in
Apollo Real Estate Investment Fund IV, G3 Strategic Investments Fund and
Drawbridge Special Opportunities Fund

 

11.    The AMS software listed on
Exhibit 1 hereto.

 

12.    Shares (and any proceeds from
the disposition thereof prior to the Closing Date) in any of the GE mutual
funds, including shares of GE Funds Premier Value Equity Fund (Classes A, B, C
and Y) held by GEFAHI.

 

13.    All reserves and other
financial statement entries or adjustments described in paragraph 2 on
Schedule 2.3(b)(iv) in connection with the transactions contemplated by
that certain Stock Purchase Agreement among Brookfield Life Assurance Company,
Ltd., General Electric Capital Corporation, GE Capital Asia Investments, GEFAHI
and American International Reinsurance Company, Ltd. dated as of June 26,
2003, as amended as of August 29, 2003

 

14.    Proceeds from the liquidation
of GE Edison Systems.

 

15.    All patents (including
pending) domain names, trademarks, service marks and other intellectual
property listed on Exhibit 2 hereto.

 

16.    The tax benefits recognized by
GEFAHI as a result of the Separation and the 338(h)(10) elections.

 

83

 

17.    The following Assets of GEFAHI
or GNA to be retained by GEFAHI or other members of the GE Group (the general
ledger account numbers following the description of the Assets are the account
numbers in which the Assets were reflected as of March 31, 2004 and are
included herein for illustrative purposes only):

 

•                  Intercompany receivables from members of the
GE Group, including the following receivables from members of the GE Group:
[182122 (Due from Heritage Insurance Group, Inc.), 182124 (Due from Westwood
Warranty Corp.), 182214 (Due from Heritage Insurance Company), 182215 (Due from
UFLIC), 182218 (Due from Heritage Indemnity), 182220 (Due from Heritage
Consulting Insurance Company), 182222 (Due from WWIC), 182416(Due from GEID),
182435 (Due from Ocoma Industries.), 182442 (Due from GE Motor Club, Inc.),
182443 (Due from GE Dental & Vision), 182444 (Due from National Dental
Services), 182456 (Due from Signature Nationwide Auto) 182457 (Due from
Signature Agency, Inc.), 182621 (Due from Business Share), 182625 (Due from GE
Capital Administrative Services), 182626 (Due from GE Capital Warranty Corp.),
182627 (Due from Heritage Mechanical Breakdown), 182628 (Due from GECCES),
182629 (Due from GE Capital Management Corp.), 182431( Due from Monogram
General Agency of FL), 182224 (Due from Westwood Life Insurance Co.), 182434
(Due from Signature Financial/Marketing), 182449 (Due from Credit Card
Sentinel), 182163 (Due from Cap Corp COTUSD), 182166 (Due from GEFAHI COTUSD),
182105 (Due from GELCO)

•                  Series A Preferred stock of GE Asset
Management, Inc.  [111151]

•                  Partnership Interest of Putnam Lovell Equity
Partners LP [140751, 140752, 140753]

•                  Shares of GE Funds Premier Value Equity Fund
[111251, 111252, 111254, 111256, 111280, 111281, 111282, 111283, 111276]

•                  Lexington Precision Fixed Income Securities
[110351, 110352, 110355, 110383].

•                  Mikron Holdings AG Fixed Income Securities
[110451]

•                  Mikron Holdings AG Equity securities [111000,
111051, 111052, 111054, 111056, 111080, 111081, 111083, 111076].

•                  Preferred Stock Investments in Hawaiian
Electric and Maui Electric Co. [111100, 111151, 111180, 111181, 111183]

 

84

 

Exhibit 1 to
Schedule 2.2(b)(i)

 

AMS Software

 

	
  System No

  	
   

  	
  Asset

  Account

  Type

  	
   

  	
  Site

  	
   

  	
  Legal

  Entity

  	
   

  	
  Description

  	
   

  	
  PO Number

  
	
  31

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Citrix winframe License

  	
   

  	
  CSIG-100

  
	
  33

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Virusscan Xplat 3.0 Cdrom

  	
   

  	
  I1027

  
	
  34

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Intranw 4.11 Cdrom

  	
   

  	
  I1027

  
	
  221

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Stars System

  	
   

  	
   

  
	
  245

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Stars System

  	
   

  	
   

  
	
  276

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Stars System

  	
   

  	
   

  
	
  344

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Stars System-Phase 2

  	
   

  	
   

  
	
  441

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Siebel-AMS-PSG (WIM)

  	
   

  	
   

  
	
  442

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Siebel-AMS-ISG/ASG, Mutual Funds (WIM)

  	
   

  	
   

  
	
  558

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  559

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  574

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  583

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  606

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  607

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  612

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2001414128

  
	
  681

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002402204

  
	
  682

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2002402201

  
	
  683

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2002402201

  
	
  684

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2002404477

  
	
  687

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
   

  
	
  688

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  720

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404477

  

 

85

 

	
  System No

  	
   

  	
  Asset

  Account

  Type

  	
   

  	
  Site

  	
   

  	
  Legal

  Entity

  	
   

  	
  Description

  	
   

  	
  PO Number

  
	
  725

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002406200

  
	
  726

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404477

  
	
  727

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002406200

  
	
  733

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
   

  
	
  735

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Web Development Modification

  	
   

  	
   

  
	
  736

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Web Development Modification

  	
   

  	
   

  
	
  758

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404477

  
	
  771

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404498

  
	
  772

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404498

  
	
  774

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002503722

  
	
  775

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  200240477

  
	
  779

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404498

  
	
  780

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  52878IN

  
	
  783

  	
   

  	
  171951-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  52878IN

  
	
  798

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2002408147

  
	
  803

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003000450

  
	
  804

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2002408147

  
	
  805

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002404498

  
	
  806

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003000400

  
	
  807

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2002503722

  
	
  810

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  200312571

  
	
  811

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003000400

  
	
  812

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2002408147

  
	
  813

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003000400

  
	
  814

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  

 

86

 

	
  System No

  	
   

  	
  Asset

  Account

  Type

  	
   

  	
  Site

  	
   

  	
  Legal

  Entity

  	
   

  	
  Description

  	
   

  	
  PO Number

  
	
  815

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003000450

  
	
  816

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2002408147

  
	
  818

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2002408147

  
	
  819

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003000400

  
	
  824

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003000450

  
	
  828

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003000400

  
	
  829

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  868

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003004153

  
	
  869

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2003001923

  
	
  870

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003001923

  
	
  871

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003004153

  
	
  872

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2002401526

  
	
  873

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003001923

  
	
  877

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003004153

  
	
  879

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  880

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com - Retirement Plans Project

  	
   

  	
  2002408147

  
	
  881

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
   

  
	
  883

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003000450

  
	
  884

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003004153

  
	
  886

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  geassetmanagement.com

  	
   

  	
  2003000450

  
	
  887

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  Client Reporting Modification

  	
   

  	
  2003004153

  
	
  888

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  STACI-CRM

  	
   

  	
  2003005545

  
	
  889

  	
   

  	
  171952-SW

  	
   

  	
  10

  	
   

  	
  101

  	
   

  	
  STACI-CRM

  	
   

  	
  2003005666

  

 

87

 

Exhibit
2 to Schedule 2.2(b)(i)

 

EXCLUDED INTELLECTUAL PROPERTY ASSETS

 

I.                                       All
trademarks, service marks, trade names, service names, taglines, slogans,
industrial designs, brand names, brand marks, trade dress rights, Internet
domain names, identifying symbols, logos, emblems, signs or insignia, meta
tags, Website search terms and key words containing “GE” or “General Electric”
or “GEFA” either alone or in combination with other letters, symbols, words or
phrases, including without limitation:

 

(i)                                   The
following domain name registered to GE SEGUROS: GESEGUROS.COM;

 

(ii)                                The
following domain names registered to GE CAPITAL MORTGAGE INSURANCE CO. (CANADA): GEMORTGAGEINSURANCE.COM,
GEMORTGAGE.COM, GE-MI.COM; and

 

(iii)

 

	
  ge-advisors.co.uk

  
	
  geca-emprunteur.fr

  
	
  geca.fr

  
	
  gecapital-assurances.fr

  
	
  gecapitalassurances.tm.fr

  
	
  gecas.co.uk

  
	
  ge-direct.co.uk

  
	
  geequityrelease.co.uk

  
	
  gefa.co.uk

  
	
  gefacl.co.uk

  
	
  ge-facl.co.uk

  
	
  gefi.ch

  
	
  gefi.co.uk

  
	
  gefi.es

  
	
  gefi.ie

  
	
  gefi.nl

  
	
  gefi.no

  
	
  gefi.pt

  
	
  gefideutschland.de

  
	
  gefi-deutschland.de

  
	
  gefieurope.co.uk

  

 

88

 

	
  gefi-ireland.ie

  
	
  gefiitalia.it

  
	
  gefinancialassurance.co.uk

  
	
  gefinancialeurope.co.uk

  
	
  gefinancialinsurance.ch

  
	
  gefinancialinsurance.co.uk

  
	
  gefinancialinsurance.de

  
	
  gefinancialinsurance.nl

  
	
  gefinederland.nl

  
	
  ge-i.co.uk

  
	
  geifa.co.uk

  
	
  ge-ifa.co.uk

  
	
  geih.co.uk

  
	
  ge-ih.co.uk

  
	
  geinsurance.co.uk

  
	
  geinsuranceholdings.co.uk

  
	
  geinsuranceservices.co.uk

  
	
  ge-is.co.uk

  
	
  gelife.co.uk

  
	
  ge-life.co.uk

  
	
  gelifeinvestment.co.uk

  
	
  generalelectricinsurance holdings.co.uk

  
	
  gepensions.co.uk

  
	
  ge-travel-insurance.co.uk

  
	
  ge-travelinsurance-services.co.uk

  
	
  gevakuutus.fi

  

 

II.                                  For
the avoidance of doubt, the foregoing shall not preclude Genworth and its
Affiliates from using, owning and/or registering trademarks, service marks,
trade names, service names, taglines, slogans, industrial designs, brand names,
brand marks, trade dress rights, Internet domain names, identifying symbols,
logos, emblems, signs or insignia, meta tags, Website search terms and key
words from which “GE”, “General Electric” and “GEFA” have been removed and/or
replaced with “Genworth” or words other than “GE”, “General Electric” or
“GEFA”, provided that Genworth and its affiliates do not highlight, isolate, or
emphasize the letters “GE” alone in the “Genworth” name or mark or derivatives
thereof.

 

89

 

Schedule 2.2(b)(ii)

 

Excluded Contracts

 

1.                                    Those
contracts and arrangements listed in Schedule 1.1(b).

 

2.                                    All
contracts of Vie Plus S.A. to the extent not relating to its payment protection
business, including the marketing, sale, and administration thereof.

 

3.                                    All
contracts of Financial Insurance Group Services Limited (“FIGSL”) which demonstrably and solely
relate to a business or the support of a business of a member of the GEIH Group
(as defined in the European Transition Services Agreement, but excluding any
European Creditor Business Entity (the “GEIH
Business”), except for those
contracts which relate to the GEIH Business solely by virtue of FIGSL’s
obligations pursuant to the support of the GEIH Business pursuant to the
European Transition Services Agreement, including but not limited to the
contracts set out below:

 

•                                          Agreement between Avenance (Catering and
Allied Services) and FIGSL (undated)

 

•                                          Agreement between Bull Information Systems
and FIGSL (undated)

 

•                                          Maintenance Agreement between Kodak and FIGSL
(undated)

 

•                                          Agreement between Easylink Services UK
Limited and FIGSL (undated)

 

•                                          Agreement between The WM Company and FIGSL
(undated)

 

•                                          Agreement between Capital Economics and FIGSL
(undated)

 

•                                          Agreement between Thomson and FIGSL (undated)

 

•                                          Agreement between Standard & Poors and
FIGSL (undated)

 

•                                          Agreement
between Europrospectus.com and FIGSL (undated)

 

4.                                    All
real property agreements that relate to the GEIH Business including but not
limited to:

 

•                                          Lease
of Vantage West, Great West Road Brentford dated 1 May 1995 between (1)
Wimgrove Property Trading Limited (2) Financial Insurance Group Services
Limited (3) Diplema 155 Limited and ancillary documents.

 

•                                          Lease
of Oliver House, 19/23 Windmill Hill Enfield dated 23 March 1990 and
registered in the name of Financial Insurance Group Services Limited under
title number EGL267940.

 

90

 

•                                          Lease
of Wenlock House, Eaton Road Enfield dated 9 May 1975 and registered in the
name of Financial Insurance Group Services Limited under title number
NGL261810.

 

•                                          Lease
of Radcliffe House, Keynes House and Pease House, Priory Park, Hitchin dated 8
April 2002 between (1) GE Pensions Limited (2) Financial Insurance Group
Services Limited (3) GE Insurance Holdings Limited and registered under title
number HD408267.

 

•                                          Lease
of 25 Car Parking Spaces at Priory Park Hitchin dated 8 April 2002 between
(1) GE Pensions Limited (2) Financial Insurance Group Services Limited (3) GE
Insurance Holdings Limited.

 

•                                          Underlease
of 88 Car Parking Spaces in the Woodland Car Park at Hitchin Conference and
Banqueting Centre Hitchin dated 8 April 2002 between (1) GE Pensions
Limited (2) Financial Insurance Group Services Limited.

 

•                                          Underlease
of The Remote Computer Room at Priory Park Hitchin dated
[           ] 2002
between (1) The Chartridge Conference Company Limited (2) National Mutual Life
Assurance Society and assigned to Financial Insurance Group Services Limited by
GE Pensions Limited by a deed dated 8 April 2002.

 

•                                          Lease
of Penne House, Sheen Road Richmond dated 29 September 1988 and registered
in the name of Financial Insurance Group Services Limited under title number
SGL 520430.

 

•                                          Lease
of Unit 6 Mowlem Trading Estate, Leeside Road Tottenham London N17 dated 20
June 1988 between (1) Currys Group PLC (2) Financial Insurance Group
Services Limited.

 

•                                          Lease
of Office Suite 5.8 The Beacon, Glasgow dated 18 November 2003 between (1)
Abbey Business Centres Limited and (2) Financial Insurance Group Services
Limited

 

5.                                    Real
property agreements for space where Genworth is no longer located:

 

•                                          Lease
dated April 6, 2000 between AMG Realty Partners, LP and General Electric
Capital Assurance Company for space located at 1600 Los Gamos Drive Suite 180,
San Rafael, CA, USA.

 

•                                          Lease
dated  January 1, 1992, as amended
September 1, 1992, between Broadway Madison Associates and GNA Corporation
for space located at 115 Broadway, New York, NY, USA.

 

6.                                    Real
property agreements that relate to the Institutional AMF Business including but
not limited to:

 

•                                          Sublease
dated April 10, 2003 between General Electric Capital Corporation and GNA
Corporation for space located at 100 California Street, Suite 100, San
Francisco, CA, USA.

 

91

 

•                                          Sublease
dated March 24, 2003, as amended August 6, 2003, between GE Real
Estate and GNA Corporation for space located at 1000 Windward Concourse,
Alpharetta, GA, USA.

 

•                                          Undocumented
agreement between GE - CF and GNA Corporation for space located at 500 West
Monroe Street, Chicago, IL, USA.

 

•                                          Sublease
dated December 6, 2001 between GE Medical Protective and GNA Corporation
for space located at 5814 Reed Road, Fort Wayne, IN, USA.

 

•                                          Sublease
dated August 7, 2003 between GE Real Estate and GNA Corporation for space
located at 125 Summer Street, Boston, MA, USA.

 

7.                                    Lease
commencing 15th July, 1999 between the Landlord, Three X Communications
Limited (as tenant) and Financial Insurance Group Services Limited (as surety).

 

8.                                    Agreement
between Financial Insurance Group Services Limited, Namulas Pension Trustees
Limited and GE Pensions Limited dated 5th April 2002.

 

9.                                    The
agreements listed on Annex A (Ops & Sourcing) and Annex B (IT Documents).

 

10.                            The
agreements listed on Annex C (GEFI Europe)

 

92

 

Annex
A

Schedule 2.2(b)(ii)

to

Master
Agreement

(Ops
& Sourcing)

 

Section A (Complete Transfer):

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  SOW, Fort Washington, PA Site Services— Genworth
  retains Master Management Services Agreement

  	
   

  	
  9/1/2003

  	
   

  	
  Pitney Bowes Inc.

  	
   

  	
  GNAC

  
	
  2.

  	
   

  	
  Master Services Agreement Adoption Agreement III
  - Heritage Life Pre-Need - Genworth retains Master Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Transaction Applications Group, Inc.

  	
   

  	
  GNAC

  
	
  3.

  	
   

  	
  Linking Agreement

  	
   

  	
  7/30/2001

  	
   

  	
  eHealth Insurance Services, Inc

  	
   

  	
  GE Capital Insurance Agency, Inc.

  
	
  4.

  	
   

  	
  Linking Agreement

  	
   

  	
  10/8/2001

  	
   

  	
  Individual Commercial Administrators

  	
   

  	
  GE Capital Insurance Agency, Inc.

  
	
  5.

  	
   

  	
  SOW, Stanford Receptionist Services-Genworth
  retains Master Services Agreement

  	
   

  	
  11/21/2003

  	
   

  	
  Pitney Bowes

  	
   

  	
  GNA

  
	
  6.

  	
   

  	
  GE Financial Assurance eHealthInsurance Agreement

  	
   

  	
  12/1/2000

  	
   

  	
  eHealthInsurance Services, Inc

  	
   

  	
  GE Capital Insurance Agency, Inc

  

 

Section B: GE owns Master, split

 

The GE Group shall retain the following
master agreements and shall retain any licenses, leases, addendums and similar
arrangements thereunder pursuant to which any software, hardware, equipment or
services are acquired that do not relate primarily to the Genworth
Business.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of any member of the GE Group that relate primarily to the Genworth
Business shall be assigned to a member of the Genworth Group.

 

	
  No.

  	
   

  	
  Contract
  Name

  	
   

  	
  Agreement
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  16.

  	
   

  	
  Variation Agreement

  	
   

  	
  /  /2003

  	
   

  	
  Experian Ltd (formerly CCN Group Ltd)

  	
   

  	
  GE Capital Corp

  
	
  17.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
  18.

  	
   

  	
  License Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter, Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  

 

93

 

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  19.

  	
   

  	
  Quote and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter, Inc.

  	
   

  	
  GEFAHI (Substituted as contracting entity for GE
  Capital) & GE Center for Financial Learning

  
	
  20.

  	
   

  	
  Master Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly Services, Inc.

  	
   

  	
  General Electric Capital Corporation

  
	
  21.

  	
   

  	
  Noosh, Inc. Print Buyer Agreement

  	
   

  	
  12/31/2003

  	
   

  	
  Noosh, Inc.

  	
   

  	
  GNA Corporation

  
	
  22.

  	
   

  	
  Master Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service Envelope Corporation

  	
   

  	
  GEFAHI

  
	
  23.

  	
   

  	
  Agreement for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox Corporation

  	
   

  	
  General Electric Company

  
	
  24.

  	
   

  	
  A.    
  Agreement between AT&T and various
  subsidiaries of GE Financial Assurance

  	
   

  	
  1.     
  4/1/2001

  	
   

  	
  AT&T Corp.

  	
   

  	
  UFLIC, CPFIC, SA, CCS, GCDP & GEFAHI

  
	
  25.

  	
   

  	
  Master Services Agreement (including Exhibit A;
  General Agent/Brokerage General Agent Agreement)

  	
   

  	
  2.     
  5/30/2000

  	
   

  	
  Insurance Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

Section C: Genworth owns Master, split

 

The following master agreements and any
licenses, leases, addendums and similar arrangements thereunder pursuant to
which any software, hardware, equipment or services are acquired that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.  All licenses, leases,
addendums and similar arrangements under any of the following master agreements
in the name of GEFAHI or any member of the Genworth Group that do not relate
primarily to the Genworth Business shall be retained by or assigned to GEFAHI.

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  7.

  	
   

  	
  Multipurpose Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  8.

  	
   

  	
  Services Contract (with addenda for various
  locations;  5 .pdf files)

  	
   

  	
  12/12/2001

  	
   

  	
  The Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
  9.

  	
   

  	
  On-Line Service Subscription Agreement

  	
   

  	
  3.     
  12/27/2001

  	
   

  	
  OneSource Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

 

 

94

 

Annex B

Schedule 2.2(b)(ii)

Master Agreement Schedules

(IT documents)

 

Section A
(Complete Transfer):

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
   

  	
   

  	
   

  	
   

  	
  Brio
  Software

  	
   

  	
  GE
  Capital Mortgage = GEMH

  

 

Section B: GE
owns Master, split

 

The GE Group
shall retain the following master agreements and shall retain any licenses,
leases, addendums and similar arrangements thereunder pursuant to which any
software, hardware, equipment or services are acquired that do not relate
primarily to the Genworth Business.  All
licenses, leases, addendums and similar arrangements under any of the following
master agreements in the name of any member of the GE Group that relate
primarily to the Genworth Business shall be assigned to a member of the
Genworth Group.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Patni Computer Systems LTD

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Master Lease/Rental
  Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard Company = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam Computer Services

  	
   

  	
  General Electric International, Inc. (“GEII”)

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun Microsystems Finance = Lessor

  	
   

  	
  General Electric Company = Lessee

  
	
  Software License
  Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun Microsystems, Inc. (“Sun”)

  	
   

  	
  General Electric Company = Licensee

  
	
  Global Master
  Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya World Services, Inc. = Avaya

  	
   

  	
  General Electric Company = Customer

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T Credit Corp.

  	
   

  	
  General Electric Co.

  
	
  International Lease and
  Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM Credit Corporation

  	
   

  	
  General Electric Company

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus Development Corporation

  	
   

  	
  General Electric Company

  
	
  Master Managed Network
  Solutions Agreement

  	
   

  	
  Undated (although amendments indicate a
  date of 11/5/1999)

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T Corp. (“AT&T”)

  	
   

  	
  General Electric Company (“Company”)

  

 

95

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  AT&T Wireless
  Services National Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

  	
  AT&T Wireless Services National Accounts,
  Inc., as agent for Carriers (“AWS”). “Carrier” means companies who operate
  commercial mobile radio telecommunications systems who are either under
  common control with AWS or have agreed to participate in AWS’ National
  Accounts Program, each as to a licensed area. (Recitals)

  	
   

  	
  General Electric Company (“Customer”)

  
	
  a. National Cellular
  Agreement  b. and c. Application for
  Service

  	
   

  	
  a. 1/24/2000 b. and c. Undated

  	
   

  	
  a. Celco Partnership d/b/a Bell Atlantic Mobile
  (“BAM”) b. and c. Verizon

  	
   

  	
  General Electric Company

  
	
  Purchase, License and
  Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet Corporation (“FileNet”)

  	
   

  	
  General Electric Capital Corporation

  
	
  Master Software License
  and Installation Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems Inc. (“Pega”)

  	
   

  	
  GE Capital Corporation

  
	
  Recovery Services
  Agreement and all schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard Recovery Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master License Agreement
  No. 131362 For Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware Corporation (“Compuware”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel Systems, Inc. (“Siebel”)

  	
   

  	
  GE Capital Services, Inc.  = Customer

  
	
  Master Wide Area
  Networking Agreement

  	
   

  	
  Undated

  	
   

  	
  Qwest Communications Corporation (“Qwest”)note:
  name is now Visinet

  	
   

  	
  General Electric Corporation (“GE”)

  
	
  Sprint PCS Premier Account Term Service Agreement
  (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

  	
  Sprint
  Spectrum L.P. d/b/a Sprint PCS

  	
   

  	
  General
  Electric Company (“GE Co.”)

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  10/1/2002

  	
   

  	
  Sprint Communications Company, L.P. (“Sprint”)

  	
   

  	
  General Electric Corporation

  
	
  VPNterprise
  Communications Services Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink Communications Corporation

  	
   

  	
  General Electric Corporation

  
	
  Master Services
  Agreement (without limitation, Genworth receives the Cisco Email Messenger)

  	
   

  	
   

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Company

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco Systems, Inc. (“Cisco”)

  	
   

  	
  General Electric Co.

  
	
  License Agreement for
  Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC Software Distribution, Inc. (“BMC”)

  	
   

  	
  General Electric Company

  
	
  General Electric License
  to Use Informatica Software

  	
   

  	
  No date provided

  	
   

  	
  Informatica Corporation (“Informatica”)

  	
   

  	
  General Electric Corporation

  
	
  Perpetual License
  Agreement for Computer Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer Network Corporation (“CNC”)

  	
   

  	
  General Electric Credit Corporation [now General
  Electric Capital Corporation]

  
	
  Settlement and Release
  Agreement

  	
   

  	
  12/28/1998

  	
   

  	
  International Business Machines Corporation
  (“IBM”) , Group 1 Software, Inc.

  	
   

  	
  General Electric Capital Corporation

  
	
  First Amended and
  Restated Enterprise License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer Associates International, Inc.

  	
   

  	
  General Electric Company

  

 

96

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Trillium Software System
  License and Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte Hanks Data Technologies

  	
   

  	
  GE Capital Corp

  
	
  Software License
  Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business Objects Americas

  	
   

  	
  GE Capital Services Inc

  
	
  Software License and
  Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx Corporation

  	
   

  	
  General Electric Corp

  
	
  GE-EMC Master Global
  Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC Corporation

  	
   

  	
  General Electric Company

  
	
  Master Wide Area
  Networking Services Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing Communications Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Master Contract Service
  Arrangement Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth 
  Telecommunications, Inc.

  	
   

  	
  General Electric Company

  
	
  Software License and
  Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle Corporation

  	
   

  	
  a. General Electric Company

  
	
  Microsoft/GE License
  Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI, GP

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement Renewal Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix Systems Inc.

  	
   

  	
  General Electric Company

  
	
  Enterprise License
  Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion Corporation (“Courion”)

  	
   

  	
  General Electric Company

  
	
  Software License
  Agreement

  	
   

  	
  Undated (The license agreement is effective
  upon acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
  GE-Internet Security
  Systems, Inc. Enterprise Software License Subscription

  	
   

  	
  12/28/1998

  	
   

  	
  Internet Security Systems, Inc. (“ISS”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Software License
  Agreement between Netegrity, Inc. and General Electric Company

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity, Inc. (“Netegrity”)

  	
   

  	
  General Electric Company (“GE”)

  
	
  Information Technology
  Services Agreement and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  B.    
  Birlasoft

  	
   

  	
  General Electric International

  
	
  Lasercycle Supply
  Agreement

  	
   

  	
  7/28/2000

  	
   

  	
  LASERCYCLE INKCYCLE

  	
   

  	
  GE Capital Corporation  GEMICO

  
	
  Appropriation Request

  	
   

  	
  7/16/2003

  	
   

  	
  GXS

  	
   

  	
  GE Capital Mortgage = GEMH

  
	
  Advanced Server and
  Services Agreement

  	
   

  	
  Red Hat, Inc.

  	
   

  	
  General Electric Global Computer Operations

  	
   

  	
   

  
	
  Custom International
  Customer Support Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService Division, Sun Microsystems, Inc.

  	
   

  	
  General Electric Company

  
	
  Technology Services
  Agreement

  	
   

  	
   

  	
   

  	
  C.     International
  Business Machines Corporation (“IBM”)

  	
   

  	
  GE Capital Corp.

  
	
  Master Agreement for Call
  Center Quality Monitoring Systems

  	
   

  	
  8/18/1999

  	
   

  	
  Teknekron Infoswitch Corp

  	
   

  	
  GE

  
	
  U.S. Corporate End User
  License Agreement

  	
   

  	
  1/31/2003

  	
   

  	
  Network Associates, Inc.

  	
   

  	
  General Electric Company

  
	
  Software License
  Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  GE Information Services, Inc.

  	
   

  	
  General Electric Company

  
	
  Addendum to Software
  License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  Global eXchange Services Canada, Inc.

  	
   

  	
  GECMICAN

  
	
  Electronic Commerce
  Services Agreement

  	
   

  	
  6/28/2002

  	
   

  	
  Global eXchange Services Canada, Inc.

  	
   

  	
  General Electric Company

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon U.S.A., Inc.

  	
   

  	
  General Electric Corporation

  

 

97

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  GE/Ricoh Corporation
  National Account Agreement and Amendment Number One to National Agreement by
  and between Ricoh Corporation and GE Company

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh Corporation

  	
   

  	
  GE Company Corporate Initiatives Group

  
	
  GE-Compaq Master
  Purchase and Services Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq 
  Computer Corporation

  	
   

  	
  General Electric Company

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision Inc

  	
   

  	
  General Electric Company

  
	
  Master Agreement for
  Data Imaging Services

  	
   

  	
   

  	
   

  	
  D.    
  Anacomp, Inc.

  	
   

  	
  GE Capital

  
	
  Network Services
  Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
  Software Licensing Agreement
  - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  
	
  Standard & Poor’s
  Master Subscription Agreement, S&P Ratings Direct Credit Wire Only.

  	
   

  	
  6/1/2003

  	
   

  	
  Standard & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
  Reuters Services
  Contract

  	
   

  	
  9/1/1998

  	
   

  	
  Reuters America Inc. (“Reuters”)

  	
   

  	
  GEAM

  
	
  Moody’s KMV Subscription
  Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s KMV Company (“Moody’s”)

  	
   

  	
  General Electric Company

  
	
  System License Agreement
  Bondedge for Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
  Leasing Agreement

  	
   

  	
  11/21/2003

  	
   

  	
  Sun Microsystems Finance

  	
   

  	
  GEAM

  
	
  Software License
  Agreement

  	
   

  	
   

  	
   

  	
  E.     
  Realm Business Solutions, Inc.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  
	
  Bloomberg Agreement
  #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg L.P.

  	
   

  	
  GEAM

  

 

Section C: Genworth owns Master, split

 

The following master agreements and any licenses, leases, addendums and
similar arrangements thereunder pursuant to which any software, hardware,
equipment or services are acquired that relate primarily to the Genworth Business
shall be assigned to a member of the Genworth Group.  All licenses, leases, addendums and similar arrangements under
any of the following master agreements in the name of GEFAHI or any member of
the Genworth Group that do not relate primarily to the Genworth Business shall
be retained by or assigned to GEFAHI.

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

  	
  Dell Financial Services, L.P. (“Dell”)

  	
   

  	
  GEFAHI

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource, Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  
	
  GEFAHI Master Lease
  Agreement

  	
   

  	
   

  	
   

  	
  EMC Corporation

  	
   

  	
  GEFAHI

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
  Mercury Interactive

  	
   

  	
  GEFAHI

  
	
  Software License
  Agreement

  	
   

  	
  No date provided

  	
   

  	
  Edify Corporation (“Edify”)

  	
   

  	
  GEFAHI (“Licensee”)

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

98

 

Schedule 2.3(a)(i)

 

Genworth Liabilities

 

1.                                    All
Liabilities of GEFAHI except Excluded Liabilities.

 

2.                                    all
Liabilities of Financial Assurance Company Limited, including those within the
definitions of Residual Assets, Residual Liabilities, Retained Insurances,
Transferred Assets, Transferring Liabilities, Transferring Contracts,
Reinsurance Contracts (as such terms are defined in the UK Transfer Plan

 

3.                                    all
Liabilities of Vie Plus S.A. to the extent arising from or otherwise relating
to its payment protection business, including the marketing, sale, and
administration thereof

 

4.                                    all
Liabilities under the Senior Unsecured Promissory Note due November 30,
2010 between GEFAHI as Maker and General Electric Capital Assurance Company as
Payee

 

5.                                    all
Liabilities of GEFAHI under its 1.6% Yen-denominated Notes due 2011 and related
swaps

 

6.                                    All
historic Liabilities relating to the parts of the Vantage West property to be
leased to FIGSL by GE Life Services Limited.

 

7.                                    With
respect to any contract or agreement to which a member of the Genworth Group
was or is a signatory or third-party beneficiary, any liability arising prior
to the Closing under such contract that is attributable solely to the business
of such member of the Genworth Group or the Genworth Business.

 

99

 

Schedule 2.3(b)(iv)

 

Excluded Liabilities

 

1.            Liabilities of GEFAHI
under contracts included on Schedule 1.1(b).

 

2.            Any liability (as well
as any reserve or other financial statement (and/or books and records) entry or
adjustment recorded in respect of such liability by GEFAHI, Brookfield Life
Assurance Co., Ltd. or any of their respective affiliates for GAAP or other
financial accounting purposes) of GEFAHI, Brookfield Life Assurance Co.,
General Electric Capital Corporation and GE Capital Asia Investments, Ltd.
under that certain Stock Purchase Agreement among Brookfield Life Assurance
Company, Ltd., General Electric Capital Corporation, GE Capital Asia
Investments, GEFAHI and American International Reinsurance Company, Ltd. dated
as of June 26, 2003, as amended as of August 29, 2003 (the “Agreement”),
except for any breach by any member of the Genworth Group, or prior to the
Closing of the Transaction GEFAHI or any subsidiary of GEFAHI that does not
become a member of the Genworth Group, of any obligation of the selling
companies in Article V or Article VI of the Agreement.

 

3.            All Liabilities of Vie
Plus S.A.to the extent not arising from or otherwise relating to its payment
protection business, including the marketing, sale, and administration thereof.

 

4.            The liabilities and
obligations of GE Mortgage Holdings, LLC, under the Unconditional Guaranty
dated August 20, 2001 in favor of GMAC Mortgage Corporation with respect
to certain indemnification obligations of GE Mortgage Services, LLC in
connection with the sale of assets used in providing administrative services to
a residential mortgage warehouse lender, Cooper River Inc.

 

5.            All Liabilities of
Financial Insurance Group Services Limited (“FIGSL”)
which demonstrably and solely relate to a business or the support of a business
of a member of the GEIH Group (as defined in the European Transition Services
Agreement but excluding any European Creditor Business Entity) (the “GEIH Business”) except for those
liabilities which relate to the GEIH Business solely by virtue of FIGSL’s
obligations pursuant to the support of the GEIH Business pursuant to the
European Transition Services Agreement.

 

6.            Comfort Letter(s)
regarding demutualization of National Mutual Life Assurance Society dated
10-15-01 (GEFAHI and GE Pensions Limited)

 

7.   Any liability of GEFAHI as of the Closing
Date related solely to the business of the Investment Management Marketing
& Client Service business segment, including,

 

100

 

without
limitation, trade payables, accrued commissions payable and accrued salaries,
benefits and bonuses.

 

8.            All historic
Liabilities relating to the lease of the Vantage West property to be
transferred to GE Life Services Limited as referenced in
Schedule 2.2(b)(ii) except for those historic Liabilities relating to the
parts of the Vantage West property to be leased to Financial Insurance Group
Services Limited by GE Life Services Limited.

 

9.            The following
Liabilities of GEFAHI to be retained by GEFAHI (the general ledger account
numbers following the description of the liabilities are the account numbers in
which the liabilities were reflected as of March 31, 2004 and are included
herein for illustrative purposes only):

 

•                  Intercompany
payables to members of the GE Group, including the following payables to
members of the GE Group: [242215 (Due to UFLIC), 242218 (Due to Heritage
Indemnity Co.), 242220 (Due to MWIC), 242416 (Due to GE Investment
Distributors), 242443 (Due to GE Dental and Vision), 242444 (Due to National
Dental), 242445 (Due to Scrip Plus), 242457 (Due to Signature Agency), 242628
(Due to GE Capital Management Corp.), 242625 (due to GE Capital Administrative
Services), 242626 (Due to GE Capital Warranty Co.), 242431 (Due to Monogram
General Agency), 242105 (Due to GELCO),]

 

•                  Short-term notes
payable - commercial paper [237004].

 

•                  Discount on
commercial paper - [237005]

 

•                  Short-term notes
payable - GECC Intercompany Loans/GECC - Line of Credit [240101].

 

•                  Note payable to
GE Capital Administrative Services [243625].

 

•                  Interest Accrued
on Commercial Paper Swaps and the National Mutual Note Receivable.  [230202].

 

•                  Any I/C loans
and I/C balances between GEFAHI and GE recorded with respect to or incurred on
behalf of any member of the GE Group [240180].

 

•                  Any I/C Travel
& Living liability between GEFAHI and GE recorded with respect to or
incurred on behalf of any member of the GE Group [240282].

 

•                  Any I/C Payroll
Liability between GEFAHI and GE recorded with respect to or incurred on behalf
of any member of the GE Group [240284].

 

•                  Any I/C IBS
(Intercompany billing system) liability between GEFAHI and GE recorded with
respect to or incurred on behalf of any member of the GE Group [240285].

 

101

 

•                  Interest rate
swap liability on Commercial Paper [282000].

 

•                  Cross Currency
Swap liability on National Mutual Note Receivable [281400].

 

•                  Any I/C Payroll
Liability between GEFAHI and GE recorded with respect to or incurred on behalf
of any member of the GE Group [240291].

 

•                  Any I/C Payroll
Liability between GEFAHI and GE recorded with respect to or incurred on behalf
of any member of the GE Group [247004].

 

•                  Any I/C
liability not otherwise listed above between GEFAHI and GE recorded with
respect to or incurred on behalf of any member of the GE Group [247025].

 

•                  Any I/C
liability related to GECIS billing between GEFAHI and GE recorded with respect
to or incurred on behalf of any member of the GE Group [247033].

 

•                  Any I/C
liability related to GE Assessments billed for GE Insurance segment [247019].

 

10.    With respect to any Genworth
Contract to which a member of the GE Group (other than GEFAHI, GE Capital
Mortgage Insurance Corporation (Australia) Pty. Ltd., GE Mortgage Insurance Pty
Ltd., GEMICO Holdings (Australia) or any Delayed Transfer Legal Entities) was or
is a signatory or third-party beneficiary, any liability arising prior to the
Closing under such Genworth Contract that is attributable solely to the
business of such member of the GE Group other than any Genworth Business or any
business transferred to any member of the Genworth Group.

 

102

 

Schedule 2.4(b)(ii)

 

Continuing Agreements

 

1.                                    FACL
Services Agreement

 

2.                                    FICL
Services Agreement

 

3.                                    Framework
Agreement

 

4.                                    FIGSL
Share Transfer Agreement

 

5.                                    FINCL
Share Transfer Agreement

 

6.                                    CFI
Administrators Share Transfer Agreement

 

7.                                    FIG
PCC Limited Share Transfer Agreement

 

8.                                    RD
Plus SA Share Transfer Agreement

 

9.                                    Assocred
SA Share Transfer Agreement

 

10.                            GEMI
Share Transfer Agreement

 

11.                            GEMI
Guernsey Share Transfer Agreement

 

12.                            CFI
Pensions Trustees Limited Share Transfer Agreement

 

13.                            Worldcover
Direct Limited Share Transfer Agreement

 

14.                            GE Administraco de Garantias e
Participacoes LTDA Share Transfer Agreement

 

15.                            FIG
Ireland Limited Share Transfer Agreement

 

16.                            Loan
Facility Agreement between GEFA UK Finance and GEFA UK Holdings Limited

 

17.                            Loan
Facility Agreement between GEFA International Holdings Inc. and UK Group
Holding Company Limited

 

II.                                  The
following side letters between a member of the Genworth Group and the GE Group
relating to the Transaction:

 

1.            Side Letters between
GEAM and certain members of the Genworth Group dated February 5, 2003 and
February 12, 2003, addressing Trade Allocation.

 

2.            Side Letter between
GEAM and Genworth dated as of the Closing Date addressing restrictions on
withdrawal of account assets.

 

103

 

3.            Side Letter among
General Electric Company, General Electric Capital Corporation, GE Capital
International Services, and GENWORTH regarding the Amended and Restated Master
Outsourcing Agreement.

 

4.            Letter Agreement,
dated April 15, 2004, among UFLIC, AML, FHL, FCL, GECLANY, GELAAC and GECA
relating to UFLIC’s requirement to provide periodic certificates and reports
regarding UFLIC’s risk based capital ratio.

 

5.            Letter Agreement,
dated April 15, 2004, among UFLIC, GECC, AML, FHL, FCL, GECLANY, GELAAC
and GECA relating to the assignment by GECC of the Capital Maintenance
Agreement.

 

6.            Letter Agreement,
dated April 15, 2004, among UFLIC, AML, FHL, FCL, GECLANY, GELAAC, GECA,
JLIC, Brookfield, GEFAHI, GECC and certain of their affiliates relating to the
rescission of certain agreements upon the failure of certain events to occur.

 

5.                                    All
reinsurance agreements, including letters of intent and side letters, between
any member of the Genworth Group and any member of the GE Group that are in
force as of the Closing Date, including without limitation, the agreements
listed on Exhibit 1 to Schedule 2.4(b)(ii).

 

6.                                    The
leases set forth on Schedules C-1 and C-2 of the Transition Services Agreement

 

7.                                    With
respect to securitization transactions, all agreements and arrangements with
Edison Asset Securitization, L.L.C., General Electric Capital Corporation, GE
Life and Annuity Assurance Company, General Electric Capital Assurance Company
and one of the following special purpose entities:  GEFA Special Purpose One, LLC; GEFA Special Purpose Two, LLC;
GEFA Special Purpose Three, LLC; GEFA Special Purpose Four, LLC; GEFA Special
Purpose Five, LLC, and GEFA Special Purpose Six, LLC.

 

III.                             The
following Homebuyer Privileges Supplier Agreements with GE Appliances, Penske
Truck Rental, GE Residential Long Distance, GE Lighting, GE Service Protection,
Storage USA:

 

	
  1.

  	
  F.     
   

  	
  Agreement between GEMICO and SUSA Partnership, L.P. dated
  August 15, 2002

  
	
   

  	
  G.    
   

  	
   

  
	
  2.

  	
   

  	
  Internet Sponsor Agreement between GEMICO and Electric Insurance
  Company effective February 6, 2001

  
	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Agreement between GEMICO and GE Capital Communication Services
  Corporation dated March 27, 2001

  
	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Agreement between GEMICO and GE Capital Communication Services
  Corporation dated December 6, 2000

  

 

104

 

	
  5.

  	
   

  	
  GE Consumer Products - GE Homebuyer Privileges Program Agreement
  between GEMICO acting on behalf of the General Electric Company (such
  interest to be assigned to Genworth pursuant to Schedule 1.1(a), above
  and General Electric Company through its GE Consumer Products business dated
  (such interest to be retained by GE pursuant to Schedule 1.1(a), above)
  August 12, 2003

  
	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  GESMI-GE Homebuyer Privileges Program Agreement between GEMICO acting
  on behalf of the General Electric Company such interest to be assigned to
  Genworth pursuant to Schedule 1.1(a), above and GE Service Management, Inc.
  (such interest to be retained by GE pursuant to Schedule 1.1(a), above)
  dated May 21, 2003

  
	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Penske Auto Centers — General Electric Company Lender Program
  Memorandum of Understanding between GEMICO acting on behalf of the General
  Electric Company (such interest to be assigned to Genworth pursuant to
  Schedule 1.1(a), above) and Penske Auto Centers, LLC (such interest to
  be retained by GE pursuant to Schedule 1.1(a), above) dated
  November 13, 2000

  
	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  Penske Truck Rental-General Electric Company Lender Program
  Memorandum of Understanding between GEMICO acting on behalf of the General
  Electric Company (such interest to be assigned to Genworth pursuant to
  Schedule 1.1(a), above) and Penske Truck Leasing Co., L.P. (such
  interest to be retained by GE pursuant to Schedule 1.1(a), above) dated
  October 11, 2000

  

 

IV.                            Investment
Management/Services  

 

	
  9.

  	
   

  	
  GE Funds
  Financial Intermediary Agreement dated                       2004, between Terra Securities, Corp. and
  GE Investment Distributors, Inc.

  
	
   

  	
   

  	
   

  
	
  10.

  	
   

  	
  GE Funds Introducing Broker Agreement dated                        2004, between GEAM and Capital Brokerage
  Corporation.

  
	
   

  	
   

  	
   

  
	
  11.

  	
   

  	
  Investment Management and Services Agreement between GEAM and River
  Lake Insurance Company dated as of July 28, 2003

  
	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  Investment Advisory Agreement between GEAM and GE Private Asset
  Management, Inc. dated December 12, 2002

  
	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  Administrative Services Agreement between GELAAC and certain of its
  affiliates and GEAM, effective May 1, 2000.

  
	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Participation Agreement among GELAAC, GE Investment Funds, Inc. and
  GEAM dated May 1, 1998

  

 

105

 

	
  15.

  	
   

  	
  Participation Agreement among GECLANY, GE Investment Funds, Inc. and
  GEAM dated May 1, 1998

  
	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  Subservicing Agreement (Cardinal CDO) dated as of                       
  , 2004, by and between GEAM and Genworth Financial Asset Management, LLC

  
	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement between General
  Electric Capital Business Asset Funding Corporation and GECA dated
  October 1, 2003

  
	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement between GECC and
  GECA dated October 1, 2003

  
	
   

  	
   

  	
   

  
	
  19.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement among GECC, FCL
  (“Senior Lender”) and GECC (“Agent”) dated December 1, 2003

  
	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement among General
  Electric Capital Business Asset Funding Corporation, FCL (“Senior Lender”)
  and General Electric Capital Business Asset Funding Corporation (“Agent”) dated
  October 7, 2003

  
	
   

  	
   

  	
   

  
	
  21.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement between GE
  Capital Franchise Finance Corporation and GECA dated October 1, 2003

  
	
   

  	
   

  	
   

  
	
  22.

  	
   

  	
  Secondment Agreement between GEAM and GNA Corporation dated
  February 2, 2004

  

 

 

V.                                 Administrative
Services 

 

	
  23.

  	
   

  	
  Administrative Services Agreement among FCL, FHL, GECA, GELAAC and
  GECC dated July 9, 2002

  
	
   

  	
   

  	
   

  
	
  24.

  	
   

  	
  Amended and Restated Services and Shared Expenses Agreement among GNA
  Corporation, GECA, FCL, FFRL Re, FHL, Brook, GEGLAC, GELAAC, JLIC, MWIC, PIC,
  UFLIC, RLIC, HLIC, WLIC, Viking and Westlake dated as of January 16,
  2004

  
	
   

  	
   

  	
   

  
	
  25.

  	
   

  	
  Shared Office Facilities Agreement among GE Capital Card Services,
  Inc., GECA, Employers Retirement Corporation and GE Capital Commercial
  Finance, Inc. effective December 1, 2002

  
	
   

  	
   

  	
   

  
	
  26.

  	
   

  	
  Reinsurance and Administrative Agreement between UFLIC and GELAAC
  dated January 1, 1987

  
	
  27.

  	
   

  	
  Services Agreement between UFLIC and GELAAC dated July 19, 1989

  
	
   

  	
   

  	
   

  
	
  28.

  	
   

  	
  Agreement between GECLANY and GE Capital Assignment Corporation dated
  August 13, 1995, as amended August 31, 2000

  

 

 

106

 

VI.                            Finance

 

	
  29.

  	
   

  	
  Agreement for the Purchase and Sale of Property between GE Capital
  Asset Management Corporation (“GECAMC”), General Electric Mortgage Insurance
  Corporation, GE Residential Mortgage Insurance Corporation of North Carolina,
  General Electric Mortgage Insurance Corporation of North Carolina and Verex
  Assurance, Inc., dated October 3, 1994 and any amendments thereto, as assigned
  by GECAMC to GE Capital Mortgage Services, Inc. (presently known as GE
  Mortgage Services LLC) as of May 1, 1995 and as amended by that certain
  Corrective — Restated Amendment to the Purchase and Sale of Property dated as
  of September 11, 1998

  

 

VII.                       IT Services
and Outsourcing

 

	
  30.

  	
   

  	
  All agreements between Genworth Group entities and GE Capital
  International Services (including those agreements entered into together with
  GEAM) (which shall be amended following the Closing Date as contemplated by
  the parties)

  
	
   

  	
   

  	
   

  
	
  31.

  	
   

  	
  All agreements between Genworth Group entities and GE Process
  Solutions, LLC (which shall be amended following the Closing Date as
  contemplated by the parties)

  
	
   

  	
   

  	
   

  
	
  32.

  	
   

  	
  All agreements between Genworth Group entities and GE Capital International
  Services — Americas, Inc. (which shall be amended following the Closing Date
  as contemplated by the parties)

  
	
   

  	
   

  	
   

  
	
  33.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002 and Scope of
  Work dated November 8, 2002 (effective October 1, 2002) between GE
  IT Solutions, Inc. (f/k/a GE Capital Information Technology Solutions — North
  America, Inc.) and FCL (pursuant to the Master Managed Services Agreement
  between GECITS and General Electric Capital Services, Inc. dated
  January 10, 2001, as amended, (the “Master Managed Services Agreement”
  hereafter)

  
	
   

  	
   

  	
   

  
	
  34.

  	
   

  	
  Acknowledgement of Agreement dated December 27, 2001 and Scope
  of Work (No. GEFAGECA-001) dated December 31, 2001, as amended, between
  GE IT Solutions, Inc. and GECA (pursuant to the Master Managed Services
  Agreement)

  
	
   

  	
   

  	
   

  
	
  35.

  	
   

  	
  Acknowledgement of Agreement dated December 27, 2001 and Scope
  of Work (No. GEFALTC-001) effective December 31, 2001 between GE IT
  Solutions, Inc. and GECA

  
	
   

  	
   

  	
   

  
	
  36.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002 and Scope of
  Work effective October 1, 2002 between GE IT Solutions, Inc. and GECA

  
	
   

  	
   

  	
   

  
	
  37.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002 and Scope of
  Work effective as of October 1, 2002, as amended, between GE IT
  Solutions, Inc. and GEGLAC (pursuant to the Master Managed Services
  Agreement)

  

 

107

 

	
  38.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002 and Scope of
  Work dated November 8, 2002 (effective October 1, 2002) between GE
  IT Solutions, Inc. and GELAAC as Customer (pursuant to the Master Managed
  Services Agreement)

  
	
   

  	
   

  	
   

  
	
  39.

  	
   

  	
  Consulting Agreement between GECA and GE IT Solutions, Inc. effective
  August 7, 2002

  
	
   

  	
   

  	
   

  
	
  40.

  	
   

  	
  GE CAPITAL ITS MASTER LEASE AGREEMENT between GE Capital Information
  Technology Solutions, Inc. (“Lessor”) and GECMICAN (“Lessee”) dated
  November 19, 1999

  
	
   

  	
   

  	
   

  
	
  41.

  	
   

  	
  Loss Mitigation Optimizer License Agreement between GEMICO and GE
  Capital Mortgage Services, Inc. dated September 25, 2000

  

 

VIII.                  Miscellaneous

 

	
  42.

  	
  H.      

  	
  Group Long Term
  Care Insurance Policy dated July 1, 1999 issued by GECLANY to GE as
  group policyholder (New York area)

  
	
   

  	
  I.    

  	
   

  
	
  43.

  	
   

  	
  Group Long Term
  Care Insurance Policy issued by GECA to GE as group policyholder (excluding
  New York area)

  
	
   

  	
   

  	
   

  
	
  44.

  	
   

  	
  [Producer Credit
  Card Agreement between GEGLAC and GE Business Productivity Solutions, Inc.
  (approved by Connecticut Department of Insurance on April 12, 2002, no
  executed copy available]

  

 

 

IX.                            European
Affiliate Agreements (GEMI Europe)

 

	
  45.

  	
   

  	
  Vehicles Lease, Management and Service Frame Agreement for Spain
  between GE Capital Largo Plazo, S.L. and GEMI dated May 1, 2002

  
	
   

  	
   

  	
   

  
	
  46.

  	
   

  	
  Amendment to Vehicles Lease, Management and Service Frame Agreement
  for Spain between GE Capital Largo Plazo, S.L., GEMI and GE International,
  Inc. dated June 1, 2002

  
	
   

  	
   

  	
   

  
	
  47.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for the UK between
  ServiceCo and GE dated February 27, 2002

  
	
   

  	
   

  	
   

  
	
  48.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for Spain between GEMI
  and GE dated May 1, 2003

  
	
   

  	
   

  	
   

  
	
  49.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for the Netherlands
  between GEMI and GE dated June 1, 2003

  
	
   

  	
   

  	
   

  
	
  50.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for Belgium between GEMI
  and GE dated September 1, 2003

  

 

108

 

	
  51.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for Germany between GEMI
  and GE dated September 1, 2003

  
	
   

  	
   

  	
   

  
	
  52.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for Italy between GEMI
  and GE dated September 1, 2003

  
	
   

  	
   

  	
   

  
	
  53.

  	
   

  	
  Master Conditional Sale Agreement between ServiceCo and GE Capital
  Fleet Services Limited (trading as Avis Fleet Services) dated March 31,
  2000

  
	
   

  	
   

  	
   

  
	
  54.

  	
   

  	
  Car Lease Agreement for Italy between GEMI and GE Capital Servizi
  Finananziari S.P.A. dated February 21, 2002

  
	
   

  	
   

  	
   

  
	
  55.

  	
   

  	
  Amendment to the Car Lease Agreement for Italy between GEMI and GE
  Capital Servizi Finananziari S.P.A. (dated February 21, 2002) dated
  July 18, 2002

  
	
   

  	
   

  	
   

  
	
  56.

  	
   

  	
  Car Lease Agreement for Italy between GEMI and GE Capital Services
  Srl dated October 1, 2003

  
	
   

  	
   

  	
   

  
	
  57.

  	
   

  	
  Work place lease agreement (“Vereinbarung zur Uberlassung von
  Arbeitsplatzen”) for Germany between GE Capital mietfinanz GmbH & Co. and
  GEMI dated August 25, 2003

  
	
   

  	
   

  	
   

  
	
  58.

  	
   

  	
  Property Lease agreement (sublease) for Sweden between International
  General Electric AB and GEMI dated February 1, 2004

  
	
   

  	
   

  	
   

  
	
  59.

  	
   

  	
  Lease Agreement for parking spaces for Sweden between International
  General Electric AB and GEMI dated February 1, 2004

  
	
   

  	
   

  	
   

  
	
  60.

  	
   

  	
  Property License Agreement for the UK between GE Capital Bank Limited
  and GEMI dated September 22, 2001

  
	
   

  	
   

  	
   

  
	
  61.

  	
   

  	
  Lease/ license arrangement (oral) in France between GEMI and ERC

  
	
   

  	
   

  	
   

  
	
  62.

  	
   

  	
  Leasing arrangement (oral) in Belgium between a member of the GE
  Group and GEMI

  
	
   

  	
   

  	
   

  
	
  63.

  	
   

  	
  Leasing arrangement (oral) in Netherlands between GE Fleet and GEMI

  

 

 

X.                                 European
Affiliate Agreements (GE Financial Insurance)

 

	
  64.

  	
  J.   

  	
  Agency Agreement dated July 23, 1997 between Pallas Industrial
  Finance, FICL and FACL.

  
	
   

  	
  K.   
   

  	
   

  
	
  65.

  	
   

  	
  Agreement dated October 3, 2003 between GE Capital Equipment
  Finance, Vie Plus SA and RD Plus SA and any insurance policies referred to
  therein.

  

 

109

 

	
  66.

  	
   

  	
  Support Services Agreement dated July 2003 between GE Capital
  Global Process Solutions (UK) Limited and FIGSL and all statements of work
  entered into pursuant to this agreement

  
	
   

  	
   

  	
   

  
	
  67.

  	
   

  	
  All agreements between a member of the Genworth Group and GE Capital
  Fleet Avis relating to the leasing of cars and provision of related services

  
	
   

  	
   

  	
   

  
	
  68.

  	
   

  	
  Master Conditional Vehicle Sale Agreement between GE Capital Fleet
  Services Limited and FIGSL dated March 20, 1996

  
	
   

  	
   

  	
   

  
	
  69.

  	
   

  	
  Disposal Agreement between GE Capital Fleet Services Limited and
  FIGSL dated March 20, 1996

  
	
   

  	
   

  	
   

  
	
  70.

  	
   

  	
  Co-operation agreement dated 12 February 2001 between FACL,
  FICI, GE Frankona Reinsurance A/S and Terra Gruppen AS Life Reassurance
  Proportional Agreement dated 1 June 2001 between FICL, FACL and GE
  Frankona Reinsurance A/S Reinsurance Agreements dated 10 November 1998,
  30th November 1998 and 1 January 1999 between ERC Frankona and GE
  Financial Assurance Compania de Seguros y Reaseguros de Vida, SA Reinsurance
  Agreement dated 4 October 2000 between Financial Insurance Company
  Limited and FRC Frankona AG

  
	
   

  	
   

  	
   

  
	
  71.

  	
   

  	
  Equity Compensation Cost
  Agreement between FIGSL and GE dated July 19, 2001

  
	
   

  	
   

  	
   

  
	
  72.

  	
   

  	
  Lease
  between Vie Plus and RD Plus S.A. for part of Floor 29, Tour Franklin,
  Terrasse Boieldieu, La Defense 8, Paris (Oral)

  
	
   

  	
   

  	
   

  
	
  73.

  	
   

  	
  Lease
  between GE Capital Bank and FICL for Park Allé 295, 2605 Brøndby, Denmark
  dated 05/08/2002

  
	
   

  	
   

  	
   

  
	
  74.

  	
   

  	
  Lease
  between GE Finland Oy and FACL for Malmin Kauppatie 18, Helsinki, Finland
  dated 10/08/01

  
	
   

  	
   

  	
   

  
	
  75.

  	
   

  	
  Lease
  between GE General Electric Financing Holding GmbH and GE Financial Insurance
  Deutschland for Martin-Behaim Str. 8-10, Neu-Isenberg, Germany dated 06/05/01

  
	
   

  	
   

  	
   

  
	
  76.

  	
   

  	
  Lease
  between GE Capital Woodchester Ltd and FIGSL for Woodchester House, Golden
  Lane, Dublin

  
	
   

  	
   

  	
   

  
	
  77.

  	
   

  	
  Lease
  between Access Graphecs BV, trade name GE Access and FIGSL for Dr Willem
  Dreesweg 6-8 1185 VB, Amstelveen, Netherlands dated February 2003

  

 

110

 

	
  78.

  	
   

  	
  Lease
  between GE Capital Fleet Services and GE Financial for Karenslyst alle 2,
  Oslo, Norway (oral)

  
	
   

  	
   

  	
   

  
	
  79.

  	
   

  	
  Leases
  between International General Electric GB and GE Financial Insurance Sweden
  for Nöten 3, Solna Strandväg 98, Sweden and parking space (2001)

  
	
   

  	
   

  	
   

  
	
  80.

  	
   

  	
  Lease
  between GE SF Structured Finance Int. Ltd and GE Financial Insurance for
  Thurgaueerstrasse 40, Zurich, Switzerland (pending)

  
	
   

  	
   

  	
   

  
	
  81.

  	
   

  	
  Agreement
  between Financial Insurance Group Services Limited, Namulas Pension Trustees
  Limited and GE Pensions Limited dated 5 April 2002

  

 

 

XI.                            GE
Mexico 

 

	
  82.

  	
  L.   

  	
  Vehicle Rental Agreement (a/k/a Fleet Services Agreement) between GE
  Capital Fleet Services de Mexico S.A. and GE Seguros S.A. de C.V. (formerly
  Colonial Penn de Mexico Compania de Seguros S.A.) dated May 4, 1999

  

 

111

 

Exhibit
1 to Schedule 2.4(b)(ii)

 

See attached spreadsheet

 

112

 

 

Exhibit 1
to Schedule 2.4(b)(ii)

Annual Insurance Holding Company
Statement

Listing of Affiliate Reinsurance
Agreements as of 12/31/03 — Exhibit C

 

	
   

  	
  Ceding Registrant

  	
  Assuming Party

  	
  Type

  	
  Agreement Eff. Date

  	
  Amount in Force as of YE 03

  	
  Reserve Credit Taken

  	
  Unearned Premiums

  	
  Premiums

  	
  Paid Losses

  	
  Upaid Losses

  	
  ModCo Res.

  	
  Business

  	
  Owner

  	
   

  
	
   

  	
  Employers
  Reassurance Company (“ERC”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Employers
  Life Reinsurance Corporation (“ERC Life”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Westport
  Insurance Corporation (“WIC”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Viking
  Insurance Company, Ltd. (“Viking”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Westlake
  Insurance Company (“Westlake”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Westwood
  Indemnity Company (“Westwood”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
  AML/GECA/FCL/GELAAC/
  GEGLAC / PIC

  	
  Everest

  	
  Life
  CAT XOL

  	
  12/1/2003

  	
   460,000,000,000 

  	
   

  	
   

  	
   2,975,000 

  	
   

  	
   

  	
   

  	
  HQ

  	
  Peter
  Blume

  	
   

  
	
   

  	
  AML

  	
  ERC  (should be ERAC)

  	
  YRT/i

  	
  10/14/1974

  	
  940,863
  

  	
  25,545
  

  	
   

  	
  65,245
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC

  	
  DIS/i

  	
  5/1/1997

  	
  0
  

  	
  43,888
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  

  	
  CO/i

  	
  5/1/1997

  	
  827,510,300
  

  	
  15,474,385
  

  	
   

  	
  893,022
  

  	
  32,160

  	
  243,563

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC

  	
  CO/i

  	
  7/27/1990

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC

  	
  YRT/i

  	
  10/1/1990

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC

  	
  CO/i

  	
  5/1/1997

  	
  426,899,380
  

  	
  6,272,994
  

  	
   

  	
  1,502,590
  

  	
  19,120

  	
  155,563

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  YRT/i

  	
  3/1/1973

  	
  486,399,416
  

  	
  514,058
  

  	
   

  	
  3,335,866
  

  	
  0

  	
  2,170,748
  

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  DIS/i

  	
  3/1/1973

  	
  0
  

  	
  512,194
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  ADB/I

  	
  3/1/1973

  	
   

  	
  16,312
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  CO/i

  	
  3/1/1973

  	
  3,515,270,170

  	
  20,927,261

  	
   

  	
  7,896,591
  

  	
  Reported
  in  YRT  3/1/73

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  YRT/g

  	
  3/1/1973

  	
  302,529
  

  	
  3,441
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  FCL

  	
  YRT/i

  	
  8/1/1984

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
  XX 

  	
  AML

  	
  GECA

  	
  CO/i

  	
  1/1/2000

  	
  3,751,689,940
  

  	
  20,599,595
  

  	
   

  	
  5,839,715
  

  	
  0

  	
  0

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  GECA
  

  	
  DIS/i

  	
  1/1/2000

  	
  0
  

  	
  122,065
  

  	
   

  	
  (in
  Co/i figs below)

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  GECA

  	
  YRT/i

  	
  10/1/2000

  	
  24,354,919
  

  	
  164,141
  

  	
   

  	
  51,872

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  Life 

  	
  YRT/i

  	
  6/1/1993

  	
  (amounts
  reported above)  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  Life 

  	
  CO/i

  	
  9/1/1993

  	
  (amounts
  reported above) 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  Life 

  	
  YRT/i

  	
  1/1/1995

  	
  (amounts
  reported above)  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  Life 

  	
  CO/i

  	
  5/1/1997

  	
  (amounts
  reported above)  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  AML

  	
  ERC
  Life 

  	
  YRT/I

  	
  5/1/1997

  	
  5,265,161
  

  	
  18,263

  	
   

  	
  82,206
  

  	
  11,200

  	
  116,463

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
  X

  	
  AML

  	
  FCL

  	
   

  	
  07/24/03

  	
  0

  	
  0
  

  	
   

  	
  0
  

  	
  0

  	
  0

  	
  0

  	
   

  	
  Mike
  Adams

  	
  XXX

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  BAYSIDE

  	
  GEP&C

  	
  CO

  	
  4/1/00

  	
   

  	
   

  	
   —   

  	
   (303,000)

  	
   1,276,000 

  	
   3,347,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  GEC

  	
  GEP&C

  	
  Excess
  Umbrella Liability

  	
  7/1/1984

  	
   

  	
   

  	
   

  	
   

  	
  59,000

  	
   219,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEC

  	
  UFLIC

  	
  Coinsurance
  — Ind A&H

  	
  12/31/84

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEC

  	
  ERC

  	
  Facultative

  	
  6/6/1905

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   2,081,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEC

  	
  WIC

  	
  Facultative

  	
  7/1/1984

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   116,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEC

  	
  GE
  Reinsurance Corp

  	
  CAT
  & CAS. XOL Quota Share

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   4,000 

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  GEP&C

  	
  ERC

  	
  Facultative

  	
  Not
  available

  	
   

  	
   

  	
   

  	
   

  	
   57,000 

  	
   822,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEP&C

  	
  GE
  Reinsurance Corp

  	
  CAT
  & CAS. XOL Quota Share

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   111,000 

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
  XXX

  	
  GEP&C

  	
  WIC

  	
   

  	
  Not
  available

  	
   

  	
   

  	
   

  	
   

  	
   5,000 

  	
   25,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  GEI

  	
  GE
  Reinsurance Corp

  	
  CAT
  & CAS. XOL Quota Share

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   9,000 

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FCL

  	
  Brookfield
  Life Assurance Company Ltd

  	
  CO/I

  	
  1/1/2002

  	
  43,719,132,310

  	
  206,863,891

  	
   

  	
   69,052,947 

  	
  0

  	
  3,265,573

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC/ERC
  Life Reins.Cor

  	
  CO/i

  	
  11/1/1995

  	
  15,840,251,380
  

  	
  42,686,496
  

  	
   

  	
  26,616,703
  

  	
  4,767,071

  	
  10,274,603

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC/
  Frankona Life Re

  	
  YRT/g

  	
  2/1/1973

  	
  732,490
  

  	
  24,116
  

  	
   

  	
  40,903
  

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC/ERC
  Life Reins.Cor

  	
  YRT/I

  	
  11/1/1995

  	
  4,108,484,503
  

  	
  13,662,651
  

  	
   

  	
  8,171,533
  

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  YRT/i

  	
  11/1/1967

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  YRT/i

  	
  10/1/1990

  	
   

  	
   

  	
   

  	
   

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  CO/i

  	
  7/27/1990

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  CO/i

  	
  8/26/1996

  	
   

  	
   

  	
   

  	
   

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  JLIC

  	
  CO/i

  	
  12/9/1982

  	
  6,126,915,020
  

  	
  89,677,026
  

  	
   

  	
  15,001,991
  

  	
  0

  	
  13,941,903

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  JLIC

  	
  YRT/i   S/B CO/i

  	
  1/1/2001

  	
  Shown
  above in 12/9/82 figures

  	
  0
  

  	
   

  	
  0
  

  	
  Reported
  in Coins above

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  YRT/i/

  	
  2/1/1973

  	
  This
  is the YRT/g reported above.

  	
   

  	
   

  	
   

  	
  0

  	
  0

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  CO/i

  	
  11/1/1992

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC

  	
  ADB

  	
  10/1/1993

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  GECA

  	
  CO/i

  	
  1/1/2000

  	
  65,806,198,100
  

  	
  918,054,031
  

  	
   

  	
  116,036,568
  

  	
  0

  	
  10,801,570

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC
  Life American Phoenix

  	
  CO/i

  	
  10/1/1992

  	
  Reported
  Below in 1/1/92 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC
  Life

  	
  YRT/i

  	
  6/1/1993

  	
  378,747,251
  

  	
  585,278
  

  	
   

  	
  1,472,631
  

  	
  1,222,454

  	
  4,681,162

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  ERC
  Life American Phoenix

  	
  CO/i

  	
  1/1/92
  but s/b5/24/1993

  	
  8,100,803,710
  

  	
  24,974,775
  

  	
   

  	
  13,456,727
  

  	
  212,829

  	
  1,826,066

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  GE
  Frankona Re formerly Aachener Ruckversicherungs-Gesellschaft

  	
  CO/g

  	
  1/1/1980

  	
  0
  

  	
  0
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  GE
  Frankona Re formerly Aachener Ruckversicherungs-Gesellschaft

  	
  CO/i

  	
  8/1/1979

  	
  1,175,000
  

  	
  11,984
  

  	
   

  	
   16,441 

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  FCL

  	
  GE
  Frankona Re formerly Aachener Ruckversicherungs-Gesellschaft

  	
  YRT/i

  	
  8/1/1979

  	
  24,276,784
  

  	
  75,987
  

  	
   

  	
  303,550
  

  	
  225,720

  	
  50,971

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
  X    

  	
  FCL

  	
  River
  Lake

  	
   

  	
  07/01/03

  	
  59,531,673,650

  	
  390,116,767
  

  	
   

  	
  110,036,329
  

  	
  7,078,100

  	
  5,897,280

  	
   

  	
   

  	
  Shelley
  Sullivan/Mike Adams

  	
  XXX

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FHL
  — LTC

  	
  GECA

  	
  CO

  	
  10/1/1998

  	
   

  	
  29,470,704
  

  	
  1,702,639
  

  	
  3,891,488
  

  	
  0
  

  	
  715,353
  

  	
   

  	
  LTC

  	
  Daniel
  Borland

  	
   

  
	
   

  	
  FHL

  	
  UFLIC

  	
  CO/G

  	
  1/1/1996

  	
  0
  

  	
  0
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  FHL

  	
  UFLIC

  	
  CO/G

  	
  1/1/1996

  	
   

  	
  0
  

  	
  (38,926)

  	
  0
  

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  GEAH

  	
  GEP&C

  	
  100%
  Quota Share (Auto)

  	
  10/1/1995

  	
   

  	
   

  	
   48,878,000 

  	
   94,645,000 

  	
  21,192,000

  	
   45,574,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  GEP&C

  	
  GE
  Reinsurance Corp

  	
  CAT
  & CAS. XOL Quota Share

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   (7,000)

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GECA

  	
  ERC/
  American Phoenix Life

  	
  CO/i

  	
  4/16/1998

  	
  72,096,300
  

  	
  184,772
  

  	
   

  	
  117,787
  

  	
  723,600

  	
  505,214

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  ERC/
  American Phoenix Life

  	
  YRT/i

  	
  4/16/1998

  	
  1,172,344
  

  	
  18,175
  

  	
   

  	
  4,878
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  ERC
  (ERAC)

  	
  CO/i

  	
  4/16/1998

  	
  119,902,800
  

  	
  335,238
  

  	
   

  	
  200,117
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  ERC
  (ERAC)

  	
  YRT/i

  	
  6/26/1999

  	
  2,726,032,937
  

  	
  5,172,914
  

  	
   

  	
  3,044,442
  

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  ERC
  (Pref & Standard Pool)

  	
  YRT/i

  	
  12/4/2000

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
  Entered
  by Mike on 3/9/03

  
	
   

  	
  GECA

  	
  ERC
  (Impaired Pool)

  	
  YRT/i

  	
  12/4/2000

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  ERC  (AML Retro)

  	
  YRT/i

  	
  1/1/2000

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA
  — LTC

  	
  JLIC

  	
  CO/I

  	
  7/1/2000

  	
   

  	
   

  	
   

  	
  161,870,043
  

  	
   

  	
   

  	
  962,712,305
  

  	
  LTC

  	
  Daniel
  Borland

  	
  It
  looks like we’ve been putting an amount in the cell for GECA-LTC, Assuming
  party JLIC,  under Reserve Credit
  Taken since the policy is listed as type CO/I but it is now reported on
  Schedule S as Modified Coinsurance Reserve this year, so that’s why the
  amount appears in the Modified Coinsurance Reserve column this time

  
	
   

  	
  GECA

  	
  FFRL
  Re

  	
  MCO/i

  	
  12/1/2000

  	
  189,368,700
  

  	
   

  	
   

  	
  559,311
  

  	
  110,000

  	
  160,000

  	
  752,420

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA

  	
  FFRL
  Re

  	
  YRT/i

  	
  12/1/2001

  	
  12,465,883
  

  	
  61,605
  

  	
   

  	
  16,810
  

  	
  364,839

  	
  110,231

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
  GECA
  — LTC

  	
  Brookfield

  	
   

  	
  7/1/2001

  	
   

  	
  1,980,658,935
  

  	
  124,414,535
  

  	
  532,327,335
  

  	
  18,565,783
  

  	
  14,294,782
  

  	
   

  	
  LTC

  	
  Daniel
  Borland

  	
   

  
	
  X

  	
  GECA

  	
  BLAC

  	
   

  	
  01/01/03

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  137464304

  	
   

  	
  Melissa
  Gerachis

  	
   

  
	
  X 

  	
  GECA

  	
  FCL

  	
   

  	
  07/01/03

  	
  1,686,747,500

  	
  5,758,840
  

  	
   

  	
  3,029,004
  

  	
  0

  	
  0

  	
   

  	
   

  	
  Shelley
  Sullivan/Mike Adams

  	
  XXX

  
	
  X  

  	
  GECA

  	
  FCL

  	
   

  	
  06/30/03

  	
  145908122

  	
  6,147,894
  

  	
   

  	
  6,416,417
  

  	
  0

  	
  0

  	
   

  	
   

  	
  Mike
  Adams

  	
  IBG

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GECLA

  	
  GECA

  	
  ACO/I

  	
  6/1/1985

  	
   

  	
  54,268,154
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
  GEGLAC

  	
  American
  Mayflower of NY

  	
  OTH/I

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
  244,578
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  American
  Mayflower of NY

  	
  OTH/I

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
  73,565
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  American
  Mayflower of NY

  	
  OTH/I

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
  182,249
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  American
  Mayflower of NY

  	
  OTH/I

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
  85,930
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  GE
  Capital Life of NY

  	
  OTH/I

  	
  6/27/2003

  	
   

  	
   

  	
   

  	
  102,666
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  GE
  Capital Life of NY

  	
  OTH/I

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
  174,343
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  GE
  Capital Life of NY

  	
  OTH/I

  	
  12/02/03

  	
   

  	
   

  	
   

  	
  28,965
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
  X

  	
  GEGLAC

  	
  GE
  Capital Life of NY

  	
  OTH/I

  	
  12/17/03

  	
   

  	
   

  	
   

  	
  25,241
  

  	
   

  	
   

  	
   

  	
   

  	
  Dan
  Komoroske / Kenneth Vander

  	
  SS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GELAAC

  	
  UFLIC

  	
  CO/G

  	
  1/1/1996

  	
   

  	
   —   

  	
   —   

  	
   —   

  	
   —   

  	
   —   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  UFLIC

  	
  Not
  available

  	
  7/1/1977

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  UFLIC

  	
  Not
  available

  	
  1/1/1996

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  FHL

  	
  YRT/I

  	
  9/1/1986

  	
  45,699,436
  

  	
  105,833
  

  	
   

  	
  209,664
  

  	
   

  	
  0

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
   

  	
   

  	
  DIS/I

  	
   

  	
   

  	
  662
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  FFRL
  Re

  	
  CO/I

  	
  3/1/1987

  	
  0
  

  	
   

  	
   

  	
  0
  

  	
  0

  	
  0

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  FFRL
  Re

  	
  DIS/I

  	
  3/1/1987

  	
   

  	
  34,141
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  FFRL
  Re

  	
  MCO\I

  	
  3/1/1987

  	
  0
  

  	
  0
  

  	
   

  	
  0
  

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  FFRL
  Re

  	
  YRT/I

  	
  3/1/1987

  	
  286,326,526
  

  	
  1,594,259
  

  	
   

  	
  (2,313,662)

  	
  175,000

  	
  653,417

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  ERC

  	
  CO/I

  	
  11/1/1988

  	
  257,709
  

  	
  339
  

  	
   

  	
  9,600
  

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  ERC

  	
  YRT/I

  	
  11/1/1988

  	
  233,226,593
  

  	
  631,108
  

  	
   

  	
  784,463
  

  	
  0

  	
  142,813

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC
  — LTC

  	
  GECA

  	
  Coinsurance
  — Ind A&H

  	
  10/1/1998

  	
   

  	
  71,142,020
  

  	
  6,402,537
  

  	
  12,737,782
  

  	
   

  	
  1,209,033

  	
   

  	
  LTC

  	
  Tillie
  Crosby

  	
   

  
	
   

  	
  GELAAC

  	
  UFLIC

  	
  Coinsurance
  — Ind A&H

  	
  5/1/1987

  	
   

  	
  13,890
  

  	
   

  	
  15,486
  

  	
   

  	
  0
  

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  UFLIC

  	
  Group
  A&H

  	
  3/1/1987

  	
   

  	
  254,678
  

  	
   

  	
  0
  

  	
   

  	
  0
  

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  ERC

  	
  YRT
  — Ind A&H

  	
  1/1/1984

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
  GELAAC

  	
  ERC
  Life

  	
  Quota
  Share Coinsurance Health

  	
  4/1/1997

  	
   

  	
  0
  

  	
  0
  

  	
  0
  

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  HIC

  	
  Viking

  	
  Quota
  share

  	
  1/1/1995

  	
  0

  	
  0

  	
  0
  

  	
  0
  

  	
  0
  

  	
  0

  	
  0

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  HIC

  	
  Westlake

  	
  Quota
  share

  	
  11/30/1986

  	
  1165048

  	
  9206

  	
  1,141
  

  	
  60,105
  

  	
  279,238
  

  	
  0

  	
  0

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  HIC

  	
  Westwood

  	
  Quota
  share

  	
  3/1/1992

  	
  6924735

  	
  144567

  	
  26,922
  

  	
  244,365
  

  	
  369108

  	
  0

  	
  0

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
  MWIC

  	
  GEP&C

  	
  100%
  Quota Share (Auto)

  	
  3/31/2000

  	
   

  	
   

  	
   6,781,000 

  	
   12,979,000 

  	
   2,907,000 

  	
   4,045,000 

  	
   

  	
  HQ

  	
  Allen
  Latimer / Michele Trampe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  UFLIC

  	
  FHL

  	
  DIS/I

  	
  7/1/1977

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  FHL

  	
  YRT/I

  	
  7/1/77

  	
   

  	
   —   

  	
   —   

  	
   61,644 

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  GECLA

  	
  ACO/I

  	
  12/31/95

  	
   90,090,978 

  	
   37,590,225 

  	
   

  	
   1,025,147 

  	
  280,456

  	
  1,037,244

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  GECLA

  	
  ACO/G

  	
  12/31/95

  	
   —   

  	
   1,763,221 

  	
   

  	
   2,771 

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  ACO/I

  	
  1/1/96

  	
   —   

  	
   135,349,959 

  	
   

  	
   —   

  	
  2,335,190

  	
  19,297

  	
   

  	
  WIM

  	
  Melissa
  Gerachis / Brian Long

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  YRT/G

  	
  1/1/96

  	
   875,039 

  	
   485,895 

  	
   

  	
   21,515 

  	
   

  	
   

  	
   

  	
  WIM

  	
  Melissa
  Gerachis / Brian Long

  	
   

  
	
   

  	
  UFLIC

  	
  ERC

  	
  CO/G

  	
  1/1/91

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  FHL

  	
  YRT/I

  	
  1/1/77

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  GECLA

  	
  YRT/I

  	
  12/31/95

  	
   

  	
   1,464,648 

  	
   11,354 

  	
   10,635 

  	
  66,388

  	
  0

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  YRT/G

  	
  1/1/96

  	
   

  	
   —   

  	
   —   

  	
   —   

  	
  7981.35

  	
  0

  	
   

  	
  PMG

  	
  Brian
  Long

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  UFLIC/PHF

  	
  Employers
  Reassurance  LTD Cheltenham UK

  	
  CO/i

  	
  1/1/1994

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
  146,100

  	
   

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  YRT/G

  	
  7/1/1977

  	
  98,511
  

  	
  200,496
  

  	
   

  	
  23,392
  

  	
   

  	
  26,717

  	
   

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  ACO/I

  	
  7/2/1977

  	
   

  	
  138,278,850
  

  	
   

  	
   

  	
   

  	
  562,803

  	
   

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  UFLIC

  	
  GELAAC

  	
  YRT
  — A&H

  	
  7/1/1977

  	
   

  	
  306,642
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  HQ

  	
  Allen
  Latimer

  	
   

  
	
   

  	
  UFLIC
  

  	
  FHL

  	
  YRT/I

  	
  11/1/1983

  	
  Reported
  in Line 133 7/1/77

  	
   

  	
   

  	
  42,241
  

  	
  0
  

  	
  0

  	
   

  	
  IBG

  	
  Mike
  Adams

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Due to various accounting and
financial reporting methods, a single agreement may be listed more than once to
reflect separate blocks of business.

The agreement effective date in
some cases, may reflect an amendment date.

 

Note:  eff.
8/1/99 ERC Life and ERC acquired reinsurance business of American Phoenix Home
Life and Reassurance Company and certain affiliates.

 

An “X” in the first column indicate agreements
entered into during 2003.

An “XX” in the first column indicate agreements
terminated into during 2003.

An “XXX” * 
Agreements were not terminated, but GE P&C, GEC, GEI, GEAH, and
Bayside were sold.  The reinsurance with
MWIC is still outstanding, but is now third party.

 

 

 

 

Schedule 2.4(b)(iii)

GE Guarantees

 

 

1.            Guaranty dated 8-9-00, made by GE Capital
Corporation in favor of Bankers Trust with respect to L/C issued on behalf of
Sponsored Captive Re, Inc.

2.            Letter Agreement dated 10-21-02, made by GEFAHI in
favor of Brookfield with respect to capital support in connection with business
assumed from FCL(11)

3.            Guarantee dated 11-18-03 by GECC relating to GECA’s
Funding Agreements

4.            Guarantee dated 11-18-03 by GECC relating to
GELAAC’s Funding Agreements

5.            Assurance Letter/Guaranty dated 1-22-04 made by
GEFAHI, in favor of Financial Assurance Company Limited (“FACL”) and Financial
Insurance Company Limited (“FICL”) in connection with FACL’s acquisition of
Consolidated Insurance Group, Limited.  (12)

6.            Assurance Letter/Guaranty dated [    ] made by GEFAHI in favor of Financial
Assurance Company Limited (“FACL”) and Financial Insurance Company Limited
(“FICL”) in connection with the reinsurance arrangements between FACL, FICL and
Viking Insurance Company Limited (13)

7.            Support Agreement dated as of 5-15-03, made by
GEFAHI in favor of ABN AMRO, Amsterdam Funding Corporation and certain Banks
(Commission Funding)(14)

8.            Performance Guaranty dated as of 12-3-99, made by GE
Capital Corporation in favor of GEFA Special Purpose One, Edison Asset
Securitization and GE Capital Corporation (as Operating Agent and Collateral
Agent), as amended and restated pursuant to an Amended and Restated Performance
Guaranty dated as of 9-27-01

9.            Limited Guaranty dated as of 6-21-01, made by GEFAHI
in favor of Edison Asset Securitization and GE Capital Corporation (GEFA SPV
2)(15)

 

(11)                      To continue until assumed by Genworth.

 

(12)                      To be assumed by Genworth upon the Initial Public
Offering (subject to the approval of the UK’s Financial Services Authority).

 

(13)                      To be assumed by Genworth upon the Initial Public
Offering (subject to the approval of the UK’s Financial Services Authority).

 

(14)                      To continue until assumed by Genworth.

 

(15)                      To continue until assumed by Genworth.

 

113

 

 

10.    Performance
Guaranty dated as of 6-21-01, made by GE Capital Corporation in favor of GEFA
Special Purpose Two, Edison Asset Securitization and GE Capital Corporation (as
Operating Agent and Collateral Agent)

 

11.    Support
Agreement dated as of 6-21-01, made by GE Capital Corporation in favor of
Edison Asset Securitization and GE Capital (as Operating Agent and Collateral
Agent)

 

12.    Performance
Guaranty dated as of 11-14-00, made by GE Capital Corporation in favor of GEFA
Special Purpose Three, Edison Asset Securitization and GE Capital Corporation
(as Operating Agent and Collateral Agent), as amended and restated pursuant to
an Amended and Restated Performance Guaranty dated as of 9-27-01

 

13.    Limited
Guaranty dated as of 6-11-01, made by GEFAHI in favor of Edison Asset
Securitization and GE Capital Corporation (GEFA SPV 4), as amended and restated
pursuant to an Amended and Restated Guaranty dated as of 9-27-01(16)

 

14.    Performance
Guaranty dated as of 6-11-01, made by GE Capital Corporation in favor of GEFA
Special Purpose Four, Edison Asset Securitization and GE Capital Corporation
(as Operating Agent and Collateral Agent), as amended and restated pursuant to
an Amended and Restated Performance Guaranty dated as of 9-27-01

 

15.    Support
Agreement dated as of 6-11-01, made by GE Capital Corporation in favor of
Edison Asset Securitization and GE Capital Corporation (as Operating Agent and
Collateral Agent), as amended and restated pursuant to an Amended and Restated
Support Agreement dated as of 9-27-01

 

16.    Limited
Guaranty dated as of 3-28-02, made by GEFAHI in favor of Edison Asset
Securitization and GECC (Omega)(17)

 

17.    Performance
Guaranty dated as of 3-28-02 made by General Electric Company in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (As
Operating Agent and Collateral Agent) (Omega)

 

18.    Support
Agreement dated as of 3-28-02, made by GE Capital Corporation in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (as
Operating Agent and Collateral Agent) (Omega)

 

19.    Performance
Guaranty dated as of 3-28-02 made by GE Capital Corporation in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (As
Operating Agent and Collateral Agent) (Omega)

 

(16)                      To continue until assumed by
Genworth.

(17)                      To continue until assumed by
Genworth.

 

 

 

114

 

20.    Comfort
Letter dated as of 1-6-95, made by GE Capital Corporation in favor of the
Canadian Superintendent of Financial Institutions relating to GEMICO(18)

 

21.    General
Electric Capital Corporation’s obligations under the Grant Agreements dated 19th
December, 1997 relating to the properties located at Bay numbers 133-134 of the
Shannon Free Zone, Ireland.

 

22.    General
Electric Capital Corporation’s obligations under the Lease Agreements dated 25th
November, 1998, 1st July 2000, 14 January 2002 and 31
October 2001 relating respectively to the properties located at Bay
numbers 133-134, 135, 136 and 137 of the 
Shannon Free Zone, Ireland.

 

23.    General
Electric Capital Services, Inc.’s obligations under the ISDA Master Agreement,
relating to the Credit Derivates Transaction, entered into with Deutsche Bank
AG London Branch dated as of March 13, 2002 relating to Brookfield Life
Assurance Company’s USD 400,000,000 Floating Rate Note Program Series 2002-A-1,
including any renewals thereof

 

24.    The
obligations of GEFAHI, GECC and GE Capital Asia Investments under the Stock
Purchase Agreement, dated June 26, 2003, as amended on August 29,
2003, among Brookfield Life Assurance Co., Ltd., GEFAHI, General Electric
Capital Corporation, GE Capital Asia Investments (collectively, the “Seller”)
and American International Reinsurance Company, Ltd., except as provided on
Schedule 2.3(b)(iv), item 2.

 

(18)                      To
continue until Trigger Date.

 

115

 

Schedule 2.9

 

European Creditor Business Entities

 

Part A: 
To be transferred to Genworth pursuant to stock transfer agreement

 

•                  CFI Administrators Limited

 

•                  CFI Pension Trustees Limited

 

•                  Ennington Properties Limited(19)

 

•                  Financial Insurance Guernsey PCC Limited

 

•                  FIG Ireland Limited

 

•                  RD Plus SA

 

•                  Assocred SA

 

•                  Financial Insurance Group Services Limited

 

•                  Financial New Life Company Limited

 

•                  World Cover Direct Limited

 

Part B: 
To be transferred to Genworth pursuant to the UK Transfer Plan or the
FACL Fall-back Stock Transfer Agreement

 

•                  Consolidated Insurance Group Limited

 

•                  Financial Insurance Company Limited

 

•                  Financial Assurance Company Limited(20)

 

•                  GE Financial Insurance, Compania de
Seguros y Reaseguros S.A.

 

•                  GE Financial Assurance, Compania de Seguros y Reaseguros de vida S.A.

 

(19)                      The stock of this entity will
transfer to Genworth by virtue of the transfer of the stock of its immediate parent
company, CFI Administrators Limited

 

(20)                      The stock of this entity is only to
be transferred to Genworth if the UK Transfer has not taken effect by
December 31, 2004

 

116

 

Schedule 3.2(d)

 

Surplus Note Payments

 

	
  Surplus Note:

  	
   

  	
  Original

  Principal

  Amount:

  	
   

  	
  Principal

  Amount to be

  Paid on Closing

  Date:

  	
   

  	
  Accrued

  Interest to be

  Paid on Closing

  Date:

  	
   

  
	
  8% surplus note due September 30, 2020
  issued by JLIC to GEFAHI

  	
   

  	
  $

  	
  260,000,000

  	
   

  	
  $

  	
  260,000,000

  (paid to

  GEFAHI

  	
  )

  	
  $

  	
  [73,600,000

  (paid to

  GEFAHI

  	
  ]

  

  )

  
	
  7% surplus note due November 30, 2021
  issued by JLIC to GEFAHI

  	
   

  	
  $

  	
  58,000,000

  	
   

  	
  $

  	
  58,000,000

  (paid to

  GEFAHI

  	
  )

  	
  $

  	
  [9,400,000

  (paid to

  GEFAHI

  	
  ]

  

  )

  
	
  5.16% surplus note due May 31, 2022 issued
  by JLIC to GEFAHI

  	
   

  	
  $

  	
  51,000,000

  	
   

  	
  $

  	
  51,000,000

  (paid to

  GEFAHI

  	
  )

  	
  $

  	
  [4,100,000

  (paid to

  GEFAHI

  	
  ]

  

  )

  
	
  7% surplus note due May 31, 2021 issued by
  JLIC to Brookfield

  	
   

  	
  $

  	
  91,000,000

  	
   

  	
  $

  	
  91,000,000

  (paid to

  Brookfield

  	
  )

  	
  $

  	
  [2,400,000

  (paid to

  Brookfield

  	
  ]

  

  )

  

 

117

 

Schedule 3.2(f)

 

Dividends

 

First Colony will
pay to FHL a dividend of approximately $442.7 million;

 

FHL will pay to
GECA a dividend of approximately $453.6 million;

 

FHL will pay to
GEFAHI a dividend of approximately $10.8 million;

 

GELAAC will pay to
GECA a dividend of approximately $367.6 million;

 

GELAAC will pay to
FHL a dividend of approximately $49.3 million;

 

GELAAC will pay to
GEFAHI a dividend of approximately $13.1 million;

 

GECA will pay to
GNA a dividend of approximately $856.4 million;

 

GNA will pay to
GEFAHI a dividend of approximately $691.4 million;

 

Brookfield will pay
to GEFAHI a dividend of approximately $183.1 million; and

 

Viking will pay to
GELCO a dividend of approximately $225.0 million.

 

118

 

Schedule 4.1

 

Annual Corporate Reporting Data

 

	
  CDR
  Submissions/ Data requirements [Closing the Books]

  	
   

  	
  C

  	
   

  
	
  Schedule
  Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due
  date

  	
   

  	
  Cons

  	
   

  	
  Equity/

  Cost - Penske Model - (A)

  	
   

  	
  Equity/

  Cost - SES Model - (B)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation

  	
   

  	
   

  	
   

  	
  12/15/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MF System closes

  	
   

  	
   

  	
   

  	
  12/18/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM to Biz on Livelink

  	
   

  	
   

  	
   

  	
  12/18/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation to DPL—IA on Internet

  	
   

  	
   

  	
   

  	
  12/19/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Corporate freight in DPL

  	
   

  	
   

  	
   

  	
  12/19/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CTA Avaliable on Internet

  	
   

  	
   

  	
   

  	
  12/22/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  APL File in DPL

  	
   

  	
   

  	
   

  	
  12/23/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Payroll in DPL

  	
   

  	
   

  	
   

  	
  12/24/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS billing cut-off

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI Payroll to DPL

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/P to DPL

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/26/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM Hedge entries via e-mail

  	
   

  	
   

  	
   

  	
  12/26/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/29/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Fixed Assets to DPL

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS in DPL

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/31/03

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  ATOM Smart Filter—CMS

  	
   

  	
   

  	
   

  	
  1/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/2/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/3/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/4/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  All AU files—6:00PM

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/6/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/7/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Net Income to GE

  	
   

  	
   

  	
   

  	
  1/8/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Full Trial Balance to GE

  	
   

  	
   

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY Country
  risk sub account/current account rec due

  	
   

  	
   

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  

(A)  If 
Blue Ridge is similar to Penske I.e it’s own BSLA rolling up to the
segment ( Penske rolls to EM), then the “4”
for equity and cost would be required.

 

(B) If Blue Ridge is simlilar to SES i.e. an entry
booked each month/ quarter by an operating unit (SES entry made by SFG in their
own BSLA) then the “4” for equity and
cost columns would NOT be
required, however, the necessary financial information to continue to account
for the equity/ cost investment would be required.

 

(C) After prior consultation with Genworth, not
less than 60 days prior to the date on which the investment in Genworth is
first reported using the equity method, GE will advise Genworth whether to
follow the Penske Model or the SES Model. 
Thereafter and so long as the investment in Genworth is reported using
the equity method, at the request of either party to be made by such party no
more frequently than once every 6 months, Genworth and GE will work together in
good faith to address requested modifications of the reporting under the equity
method.

 

 

119

 

 

	
  Schedule
  Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FAS 133 template

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Information

  	
   

  	
  Revenue and NI (Excel)

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Tracker

  	
   

  	
  Acquisitions and
  Dispositions Closed in the Quarter (Excel)

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Webtool

  	
   

  	
  Acquisition and Disposition
  Tracker (Webtool)

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Confirmation of numeric
  data via e-mail

  	
   

  	
  1/8/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  DR4MGOP (FP&A)

  	
   

  	
  Volume / Write Offs /
  Equity / Non-Earnings

  	
   

  	
  1/8/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX (FP&A)

  	
   

  	
  FX Revenue and NI

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR140 (FP&A)

  	
   

  	
  Gains DR

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Balance Sheet and P&L(Note)

  	
   

  	
  Spreadsheet / Presentation
  Format

  	
   

  	
  D

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
  •

  	
   

  
	
  Key Drivers Analysis / Discussion 
  (Note)

  	
   

  	
   

  	
   

  	
  D

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (FP&A)

  	
   

  	
  Non Earning > $3MM

  	
   

  	
  1/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Comments (FP&A)

  	
   

  	
  WRI—Gains, Other One-Offs,
  Other Tax

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual / Non-Recurring Items > $10MM

  	
   

  	
  E-mail Submission

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non Earning

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll Forward—Investment
  Securities Assets 3.2

  	
   

  	
  1/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CF-1 for Cash Flow

  	
   

  	
  1/10/04

  	
   

  	
  4

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (DR107BL)

  	
   

  	
  Non Earning; WRI Non
  Earning (DR107BL)—Variance Commentary

  	
   

  	
  1/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 106

  	
   

  	
  Financing Receivables

  	
   

  	
  1/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 171

  	
   

  	
  Intangible Assets

  	
   

  	
  1/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115 Reconciliation

  	
   

  	
  1/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (DR107BL)

  	
   

  	
  Non Earning; WRI Non
  Earning (DR107BL)—Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI AFL

  	
   

  	
  WRI Allowance for
  Losses—Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI FAS 115 Rec (DR 115 Rec)

  	
   

  	
  WRI FAS 115 Gains/losses
  Reconciliation—Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Receivables (DR 106)

  	
   

  	
  WRI Financing
  Receivables  (DR106) including roll
  forward for loans and leases—Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Intangible Assets (DR 171)

  	
   

  	
  WRI  Intangible Assets  (DR171)—Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec. RollForward (DR 109 ULA)

  	
   

  	
  Roll Forward-Variance
  Commentary and  ULA security Listing

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Investment Sec. Realized Gains / Losses (DR 019 AS 3.2)

  	
   

  	
  WRI Realized
  Gains/Losses—Variance Commentary and Impairment Listing

  	
   

  	
  1/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A Balance Sheet Analysis

  	
   

  	
  Variance Commentary for Balance
  Sheet

  	
   

  	
  1/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—GECS Revenue

  	
   

  	
  EIA

  	
   

  	
  1/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—450 Minority Interest

  	
   

  	
  Minority Interest

  	
   

  	
  1/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Minority Interest

  	
   

  	
  Minority Interest

  	
   

  	
  1/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Variance Commentary for all
  line items on a QTD basis

  	
   

  	
  1/13/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI—GECS Revenues

  	
   

  	
  EIA

  	
   

  	
  1/13/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Other Liabilities (DR XXX)

  	
   

  	
  OTL

  	
   

  	
  1/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized Loss Aging

  	
   

  	
  1/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities,
  Reserves and Annuity Benefits—Component Details

  	
   

  	
  1/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR180

  	
   

  	
  ELTO & PP&E

  	
   

  	
  1/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR113

  	
   

  	
  Other Assets

  	
   

  	
  1/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI—Accounts Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other Liabilities

  	
   

  	
  OTL

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Insurance Liabilities Reserve

  	
   

  	
  WRI Business Details—Variance
  Commentary

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A P&L Analysis

  	
   

  	
  Variance Commentary for
  Income Statement—P&L

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

(D)—Under
Equity Method the P&L, Balance Sheet, and Key Drivers will be due per the
GE timeline as provided in the quarterly instructions.

 

(D)—Under
Cost Method the P&L, Balance Sheet, and Key Drivers will be due per the
Genworth quarterly SEC filing timelines.

 

 

120

 

	
  Schedule
  Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
  WRI—ELTO
  / PP&E (DR180)

  	
   

  	
  PPE
  & ELTO (DR180)—Variance Commentary

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Non-Cancelable
  Leases

  	
   

  	
  NCL

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Op
  & Admin

  	
   

  	
  OPA

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Other
  Receivables

  	
   

  	
  OTR

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106CM

  	
   

  	
  Financing
  Receivables—Contractual Maturities

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106FL

  	
   

  	
  Financing
  Receivables—Financing Leases

  	
   

  	
  1/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3

  	
   

  	
  Contractual
  Maturities—Investment Securities Assets 3

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance
  Liabilities, Reserves and Annuity Benefits—:1) Average yield used in
  Computation of future benefits 2)Roll Forward—Unpaid claims/claim adjustment
  expenses 3) Financial Guarantees and credit life risk 4) Property and
  casualty operations

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Insurance
  Premiums

  	
   

  	
  WRI—Insurance
  Premiums

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Inv.
  Sec. Component Detail

  	
   

  	
  WRI
  Component details of Investment Securities Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Non-Cancelable
  Leases

  	
   

  	
  NCL

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Op
  & Admin

  	
   

  	
  OPA

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other
  Receivables

  	
   

  	
  OTR

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Leases

  	
   

  	
  WRI
  Financing Leases(DR106FL)—Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other
  Assets (DR 113)

  	
   

  	
  WRI
  Other Assets  (DR113) including roll
  forward for Associated Companies and Real Estate—Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
  •

  	
   

  
	
  WRI
  Insurance Receivables

  	
   

  	
  Variance
  Commentary

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest Sec business detail

  	
   

  	
  WRI—Business
  Details—Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR030FI

  	
   

  	
  Financial
  Instruments

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR119RNA

  	
   

  	
  Net
  Restricted Assets

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Component
  Detail—Insurance Liabilities (DR 103)

  	
   

  	
  WRI—Component
  Detail of Insurance Liabilties, Reserves and Annuity Benefits—Variance
  Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Financial
  Guarantees and Credit Life (DR 103)

  	
   

  	
  WRI—Financial
  Guarantees and Credit Life—Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Insurance
  Losses

  	
   

  	
  WRI—Insurance
  Losses—Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Unpaid
  Claims Rollforward (DR 103)

  	
   

  	
  WRI—Insurance
  Reserves; Unpaid Claims and Claim Adjustment Expenses—Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Rec. Contractual Maturities (DR 106)

  	
   

  	
  WRI
  Financing Receivables—Contractual maturities(DR106CM)—Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest. Sec Contractual Maturities (DR 019 AS 3_

  	
   

  	
  WRI
  Contractual Maturities Debt Securities—Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Financial
  Instruments (DR030FI)

  	
   

  	
  WRI
  Financial Instruments (DR 030FI)—Variance Commentary

  	
   

  	
  1/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Resticted
  Net Assets (DR 119RNA)

  	
   

  	
  WRI—Restricted
  Net Assets

  	
   

  	
  1/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

	
  NOTE Ongoing P&L and Balance Sheet and Key Drivers Comments Required
  Under Equity Method and Cost Method for Operational Management Oversight

  For Purposes of GE Bookkeeping

  

 

121

 

MD&A and Annual Report

 

	
  Schedule
  Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A CAP Draft to
  businesses for review

  	
   

  	
   

  	
   

  	
  1/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A Ops Draft  to businesses for review

  	
   

  	
   

  	
   

  	
  1/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on MD&A CAP
  due

  	
   

  	
   

  	
   

  	
  1/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A SFD Draft MD&A
  FR&L Draft  to businesses for
  review

  	
   

  	
   

  	
   

  	
  1/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on MD&A Ops
  due

  	
   

  	
   

  	
   

  	
  1/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on MD&A SFD
  & FR&L due

  	
   

  	
   

  	
   

  	
  1/26/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Entire MD&A Draft To
  Businesses For S-O Review

  	
   

  	
   

  	
   

  	
  1/27/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-O Supplemental
  Acknowledgements Due From Businesses

  	
   

  	
   

  	
   

  	
  1/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft A/R to Disclosure
  Committee

  	
   

  	
   

  	
   

  	
  1/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft AR #1 of Genworth to
  GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Disclosure Committee Mtg.
  A/R Review

  	
   

  	
   

  	
   

  	
  2/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Disclosure Committee
  Meeting A/R Review—Continued

  	
   

  	
   

  	
   

  	
  2/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft AR #2 of Genworth to
  GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  A/R To Graphics

  	
   

  	
   

  	
   

  	
  2/6/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Graphics Prints Board
  Copies Of A/R

  	
   

  	
   

  	
   

  	
  2/7/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Mailed to Board

  	
   

  	
   

  	
   

  	
  2/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS/GECC 10-K  Item 1 to Op-Segments discussion  to businesses for review

  	
   

  	
   

  	
   

  	
  2/10/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JRI Annual Closing Review
  Meeting

  	
   

  	
   

  	
   

  	
  2/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Verification
  meetings—all day

  	
   

  	
   

  	
   

  	
  2/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE Board Meeting To Review
  A/R

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Last day for Non-BOD
  changes

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS/GECC 10-K  Item 1 to Op-Segments discussion comments
  due

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1st Set Printer
  Proofs

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Team To Printers

  	
   

  	
   

  	
   

  	
  2/14/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Final AR of Genworth to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Team At Printers Verifying
  proofs

  	
   

  	
   

  	
   

  	
  2/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Incorporate Board Comments

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Proofs Review

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (Last Date for BOD Changes)

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Business Descriptions

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Proofs Reviewed &
  Approved

  	
   

  	
   

  	
   

  	
  2/17/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Printing

  	
   

  	
   

  	
   

  	
  2/18/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Printing

  	
   

  	
   

  	
   

  	
  2/18/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Draft 1 10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Draft 10-K To Businesses
  For S-O Review

  	
   

  	
   

  	
   

  	
  2/25/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-O Supplemental Ack. on
  10-K Due From Businesses

  	
   

  	
   

  	
   

  	
  2/26/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 10-Ks to Disclosure
  Committee

  	
   

  	
   

  	
   

  	
  2/26/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Draft 2 10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Disclosure Committee
  Meeting Review of 10-Ks

  	
   

  	
   

  	
   

  	
  2/27/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10-K Review With KSS/JRI

  	
   

  	
   

  	
   

  	
  3/1/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Mail 10-K To Board

  	
   

  	
   

  	
   

  	
  3/1/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS Board Telecom Meeting
  on 10-K

  	
   

  	
   

  	
   

  	
  3/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Edgarize 10-Ks

  	
   

  	
   

  	
   

  	
  3/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Final 10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  File 10-Ks (All Major
  Registrants)

  	
   

  	
   

  	
   

  	
  3/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  File DEF14A (proxy)

  	
   

  	
   

  	
   

  	
  3/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Begin Mailing A/R

  	
   

  	
   

  	
   

  	
  3/9/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

122

 

Schedule 4.2(a)

 

First and Second Quarter Corporate Reporting
Data

 

	
  CDR Submissions/ Data requirements [Closing the Books]

  	
   

  	
  C

  
	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date - Q1

  	
   

  	
  Est. Due date - Q2

  	
   

  	
  Cons

  	
   

  	
  Equity/ Cost - Penske
  Model - (A)

  	
   

  	
  Equity/ Cost - SES Model - (B)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY
  interest allocation

  	
   

  	
   

  	
   

  	
  3/11/04

  	
   

  	
  6/11/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  MF
  System closes

  	
   

  	
   

  	
   

  	
  3/14/04

  	
   

  	
  6/14/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  MTM
  to Biz on Livelink

  	
   

  	
   

  	
   

  	
  3/14/04

  	
   

  	
  6/14/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  TRSY
  interest allocation to DPL—IA on Internet

  	
   

  	
   

  	
   

  	
  3/15/04

  	
   

  	
  6/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Corporate
  freight in DPL

  	
   

  	
   

  	
   

  	
  3/15/04

  	
   

  	
  6/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  CTA
  Avaliable on Internet

  	
   

  	
   

  	
   

  	
  3/22/04

  	
   

  	
  6/22/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  APL
  File in DPL

  	
   

  	
   

  	
   

  	
  3/23/04

  	
   

  	
  6/23/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Payroll
  in DPL

  	
   

  	
   

  	
   

  	
  3/23/04

  	
   

  	
  6/23/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  IBS
  billing cut-off

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI
  Payroll to DPL

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  A/P
  to DPL

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  MTM
  Hedge entries via e-mail

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Fixed
  Assets to DPL

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  IBS
  in DPL

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/27/04

  	
   

  	
  6/27/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/28/04

  	
   

  	
  6/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  ATOM
  Smart Filter—CMS

  	
   

  	
   

  	
   

  	
  3/28/04

  	
   

  	
  6/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  All
  AU files—11:59 p.m.

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/29/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  CDR
  AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Net
  Income to GE

  	
   

  	
   

  	
   

  	
  4/1/04

  	
   

  	
  7/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Full
  Trial Balance to GE

  	
   

  	
   

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  TRSY
  Country rick sub account/current account rec due

  	
   

  	
   

  	
   

  	
  4/9/04

  	
   

  	
  7/9/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  

(A)  If 
Blue Ridge is treated similar to Penske i.e it’s own BSLA rolling up to
the segment (Penske rolls to EM), then the “4”
for equity and cost would be required.

 

(B) If Blue Ridge
is simlilar to SES i.e. an entry booked each month/ quarter by an operating
unit (SES entry made by SFG in their own BSLA) then the “4” for equity and cost columns would NOT
be required, however, the necessary financial information to continue to
account for the equity/ cost investment would be required.

 

(C) After prior
consultation with Genworth, not less than 60 days prior to the date on which
the investment in Genworth is first reported using the equity method, GE will
advise Genworth whether to follow the Penske Model or the SES Model.  Thereafter and so long as the investment in
Genworth is reported using the equity method, at the request of either party to
be made by such party no more frequently than once every 6 months, Genworth and
GE will work together in good faith to address requested modifications of the
reporting under the equity method.

 

123

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date - Q1

  	
   

  	
  Est. Due date - Q2

  	
   

  	
  Cons

  	
   

  	
  Equity/ Cost - Penske
  Model - (A)

  	
   

  	
  Equity/ Cost -  SES Model - (B)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FAS
  133 template

  	
   

  	
   

  	
   

  	
  3/31/04

  	
   

  	
  6/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  / Disposition Information

  	
   

  	
  Revenue
  and NI (Excel)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  / Disposition Tracker

  	
   

  	
  Acquisitions
  and Dispostions Closed in the Quarter (Excel)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  / Disposition Webtool

  	
   

  	
  Acquisition
  and Disposition Tracker (Webtool)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll
  Forward—Investment Securities

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non
  Earning

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR
  106

  	
   

  	
  Financing
  Receivables

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR
  171

  	
   

  	
  Intangible
  Assets

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115
  Reconciliation

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Balance
  Sheet and P&L(Note)

  	
   

  	
  Spreadsheet
  / Presentation Format

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
  •

  
	
  Key
  Drivers Analysis / Discussion  (Note)

  	
   

  	
   

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
   

  
	
  DR4MGOP
  (FP&A)

  	
   

  	
  Volume
  / Write Offs / Equity / Non-Earnings

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX
  (FP&A)

  	
   

  	
  FX
  Revenue and NI

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR140
  (FP&A)

  	
   

  	
  Gains
  DR

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Non Earning (FP&A)

  	
   

  	
  Non
  Earning > $3MM

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Comments

  	
   

  	
  WRI—Gains,
  Other One-Offs, Other Tax

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual
  / Non-recurring Items >$10MM

  	
   

  	
  E-mail
  Submission

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Cash
  flow Worksheet

  	
   

  	
   

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Non Earning (DR107BL)

  	
   

  	
  Non
  Earning; WRI Non Earning (DR107BL)—Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  AFL

  	
   

  	
  WRI
  Allowance for Losses—Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  DR019AS3.2

  	
   

  	
  WRI
  Roll Forward—Investment Securities

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  FAS 115 Rec (DR 115 Rec)

  	
   

  	
  WRI
  FAS 115 Gains/losses Reconciliation—Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Receivables (DR 106)

  	
   

  	
  WRI
  Financing Receivables  (DR106)  including roll forward for loans and
  leases—Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Intangible Assets (DR 171)

  	
   

  	
  WRI  Intangible Assets  (DR171)—Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest Sec. RollForward (DR 109 ULA)

  	
   

  	
  Roll
  Forward-Variance Commentary and  ULA
  security Listing

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized
  Loss Aging

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance
  Liabilities, Reserves and Annuity Benefits—:  Component details

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR—GECS
  Revenue

  	
   

  	
  EIA

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Insurance Premiums

  	
   

  	
  Insurance
  Premiums commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Geographic Summary

  	
   

  	
  Variance
  Commentary for all line items on a QTD basis

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  WRI
  Insurance Receivables

  	
   

  	
  Variance
  Commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  GECS Reveunes from Services

  	
   

  	
  WRI—for
  GECS revenues from services

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Component
  Detail—Insurance Liabilities (DR 103)

  	
   

  	
  WRI—Component
  Detail of Insurance Liabilties, Reserves and Annuity Benefits—Variance
  Commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  

(D)—Under Equity Method the P&L, Balance
Sheet, and Key Drivers will be due per the GE timeline as provided in the
quarterly instructions.

(D)—Under Cost Method the P&L, Balance
Sheet, and Key Drivers will be due per the Genworth quarterly SEC filing
timelines.

 

124

 

MD&A and 10Q

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date

  	
   

  	
  Est. Due date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A Balance Sheet Analysis

  	
   

  	
  Variance Commentary for Balance Sheet

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Cashflow (DBCFGECC/ GECS)

  	
   

  	
  Cash flow DR

  	
   

  	
  4/6/04

  	
   

  	
  7/6/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Cash Flow

  	
   

  	
  Cash Flow Commentary

  	
   

  	
  4/7/04

  	
   

  	
  7/7/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A P&L Analysis

  	
   

  	
  Variance Commentary for Income Statement—P&L

  	
   

  	
  4/7/04

  	
   

  	
  7/7/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  

NOTE Ongoing P&L and Balance Sheet and Key Drivers Comments Required
Under Equity Method and Cost Method for Operational Management Oversight
Purposes, In addition For Purposes of GE Bookkeeping

 

125

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date

  	
   

  	
  Est. Due date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 Circulated

  	
   

  	
   

  	
   

  	
  4/12/04

  	
   

  	
  7/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 1

  	
   

  	
   

  	
   

  	
  4/15/04

  	
   

  	
  7/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2

  	
   

  	
   

  	
   

  	
  4/15/04

  	
   

  	
  7/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Business CEOs and CFOs SOX sign-off

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft  2

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 3

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 of Genworth 10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Disclosure Committee 10-Q Review Meeting

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 3

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 4

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  KSS Review

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 4

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 5

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2 of Genworth 10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/23/04

  	
   

  	
  7/23/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
  Audit Committee Meeting

  	
   

  	
   

  	
   

  	
  4/24/04

  	
   

  	
  7/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
  Final Genworth 10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/29/04

  	
   

  	
  7/29/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  

NOTE Ongoing P&L and Balance Sheet and Key Drivers Comments Required
Under Equity Method and Cost Method for Operational Management Oversight
Purposes, In addition For Purposes of GE Bookkeeping

 

126

 

Schedule 4.2(b)

 

Third Quarter Corporate Reporting Data

	
  Schedule
  Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due
  date

  	
   

  	
  Cons

  	
   

  	
  Equity/

  Cost - Penske Model - (A)

  	
   

  	
  Equity/

  Cost - SES Model - (B)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation

  	
   

  	
   

  	
   

  	
  9/10/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MF System closes

  	
   

  	
   

  	
   

  	
  9/11/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM to Biz on Livelink

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation to DPL—IA on Internet

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Corporate freight in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CTA Avaliable on Internet

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  APL File in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Payroll in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS billing cut-off

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI Payroll to DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/P to DPL

  	
   

  	
   

  	
   

  	
  9/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM Hedge entries via e-mail

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Fixed Assets to DPL

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS in DPL

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  ATOM Smart Filter—CMS

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  All AU files—11:59 p.m.

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Net Income to GE

  	
   

  	
   

  	
   

  	
  9/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Full Trial Balance to GE

  	
   

  	
   

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY Country rick sub account/current account rec due

  	
   

  	
   

  	
   

  	
  10/8/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  

 

(A)  If  Blue Ridge is similar to Penske I.e it’s own BSLA rolling up to
the segment (Penske rolls to EM), then the “4” for equity and cost would be
required.

 

(B) If Blue Ridge is simlilar to SES i.e. an entry booked each month/
quarter by an operating unit (SES entry made by SFG in their own BSLA) then the
“4” for equity and cost columns would NOT be required, however, the necessary
financial information to continue to account for the equity/ cost investment
would be required.

 

(C) After prior consultation with Genworth, not less than 60 days prior
to the date on which the investment in Genworth is first reported using the
equity method, GE will advise Genworth whether to follow the Penske Model or
the SES Model.  Thereafter and so long
as the investment in Genworth is reported using the equity method, at the
request of either party to be made by such party no more frequently than once
every 6 months, Genworth and GE will work together in good faith to address
requested modifications of the reporting under the equity method.

 

127

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Geographic Summary

  	
   

  	
  Confirmation
  of numeric data via e-mail

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  FAS
  133 template

  	
   

  	
   

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition/
  Disposition Information

  	
   

  	
  Revenue
  and NI (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  / Disposition Tracker

  	
   

  	
  Acquisitions
  and Dispositions Closed in the Quarter (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  / Disposition Webtool

  	
   

  	
  Acquisition
  and Disposition Tracker (Webtool)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Cashflow
  (DBCFGECC/ GECS)

  	
   

  	
   

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Balance
  Sheet and P&L(Note)

  	
   

  	
  Spreadsheet
  / Presentation Format

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
  •

  	
   

  	
  •

  	
   

  
	
  Key
  Drivers Analysis / Discussion  (Note)

  	
   

  	
   

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  DR4MGOP
  (FP&A)

  	
   

  	
  Volume
  / Write Offs / Equity / Non-Earnings

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX
  (FP&A)

  	
   

  	
  FX
  Revenue and NI (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR140
  (FP&A)

  	
   

  	
  Gains
  DR

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Non Earning (FP&A)

  	
   

  	
  Non
  Earning > $3MM

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Comments

  	
   

  	
  WRI—Gains,
  Other One-Offs, Other Tax

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual
  / Non-Recurring Items >$10MM

  	
   

  	
  E-mail
  Submission

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non
  Earning

  	
   

  	
  10/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Cash Flow

  	
   

  	
   

  	
   

  	
  10/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR
  106

  	
   

  	
  Financing
  Receivables

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR
  171

  	
   

  	
  Intangible
  Assets

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Non Earning (DR107BL)

  	
   

  	
  Non
  Earning; WRI Non Earning (DR107BL)—Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  AFL

  	
   

  	
  WRI
  Allowance for Losses—Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  FAS 115 Rec (DR 115 Rec)

  	
   

  	
  WRI
  FAS 115 Gains/losses Reconciliation—Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Receivables (DR 106)

  	
   

  	
  WRI
  Financing Receivables  (DR106)  including roll forward for loans and
  leases—Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Intangible Assets (DR 171)

  	
   

  	
  WRI  Intangible Assets  (DR171)—Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest Sec. RollForward (DR 109 ULA)

  	
   

  	
  Roll
  Forward-Variance Commentary and  ULA
  security Listing

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Earned
  Income

  	
   

  	
  EIA

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Earned
  Income

  	
   

  	
  EIA

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Geographic Summary

  	
   

  	
  Variance
  Commentary for all line items on a QTD basis

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115
  Reconciliation

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized
  Loss Aging

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance
  Liabilities, Reserves and Annuity Benefits—Component Details

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

(D)—Under
Equity Method the P&L, Balance Sheet, and Key Drivers will be due per the
GE timeline as provided in the quarterly instructions.

(D)—Under
Cost Method the P&L, Balance Sheet, and Key Drivers will be due per the
Genworth quarterly SEC filing timelines.

 

128

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  MD&A Balance Sheet Analysis

  	
   

  	
  Variance
  Commentary for Balance Sheet

  	
   

  	
  10/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  MD&A P&L Analysis

  	
   

  	
  Variance
  Commentary for Income Statement—P&L

  	
   

  	
  10/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Investment Sec. Realized Gains / Losses (DR 019 AS 3.2)

  	
   

  	
  WRI
  Realized Gains/Losses—Variance Commentary and Impairment Listing

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Insurance Liabilities Reserve

  	
   

  	
  WRI
  Business Details—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106CM

  	
   

  	
  Financing
  Receivables—Contractual Maturities

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106FL

  	
   

  	
  Financing
  Receivables—Financing Leases

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Insurance
  Premiums

  	
   

  	
  WRI—Insurance
  Premiums

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Inv.
  Sec. Component Detail

  	
   

  	
  WRI
  Component details of Investment Securities Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Leases

  	
   

  	
  WRI
  Financing Leases(DR106FL)—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Insurance Receivables

  	
   

  	
  Variance
  Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest Sec business detail

  	
   

  	
  WRI—Business
  Details—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Component
  Detail—Insurance Liabilities (DR 103)

  	
   

  	
  WRI—Component
  Detail of Insurance Liabilties, Reserves and Annuity Benefits—Variance
  Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Financial
  Guarantees and Credit Life (DR 103)

  	
   

  	
  WRI—Financial
  Guarantees and Credit Life—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Insurance
  Losses

  	
   

  	
  WRI—Insurance
  Losses—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Unpaid
  Claims Rollforward (DR 103)

  	
   

  	
  WRI—Insurance
  Reserves; Unpaid Claims and Claim Adjustment Expenses—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Financing Rec. Contractual Maturities (DR 106)

  	
   

  	
  WRI
  Financing Receivables—Contractual maturities(DR106CM)—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Invest. Sec Contractual Maturities (DR 019 AS 3)

  	
   

  	
  WRI
  Contractual Maturities Debt Securities—Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3

  	
   

  	
  Contractual
  Maturities—Investment Securities Assets 3

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance
  Liabilities, Reserves and Annuity Benefits—:1) Average yield used in
  Computation of future benefits 2)Roll Forward—Unpaid claims/claim adjustment
  expenses 3) Financial Guarantees and credit life risk 4) Property and
  casualty operations

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll
  Forward—Investment Securities Assets 3.2

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—ELTO
  / PP&E (DR180)

  	
   

  	
  PPE
  & ELTO (DR180)—Variance Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Accounts
  Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Other
  Liabilities (DR XXX)

  	
   

  	
  OTL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR180

  	
   

  	
  ELTO
  & PP&E

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Accounts
  Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other
  Liabilities

  	
   

  	
  OTL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Non-Cancelable
  Leases

  	
   

  	
  NCL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Op
  & Admin

  	
   

  	
  OPA

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR—Other
  Receivables

  	
   

  	
  OTR

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR113

  	
   

  	
  Other
  Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI—Non-Cancelable
  Leases

  	
   

  	
  NCL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Op
  & Admin

  	
   

  	
  OPA

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other
  Receivables

  	
   

  	
  OTR

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR030FI

  	
   

  	
  Financial
  Instruments

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Other
  Assets (DR 113)

  	
   

  	
  WRI
  Other Assets  (DR113) including roll
  forward for Associated Companies and Real Estate—Variance Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI—Financial
  Instruments (DR030FI)

  	
   

  	
  WRI
  Financial Instruments (DR 030FI)—Variance Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI—Resticted
  Net Assets (DR 119RNA)

  	
   

  	
  WRI—Restricted
  Net Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR119RNA

  	
   

  	
  Net
  Restricted Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

NOTE Ongoing P&L and Balance Sheet and Key Drivers Comments Required
Under Equity Method and Cost Method for Operational Management Oversight
Purposes, In addition

For Purposes of GE Bookkeeping

 

129

 

MD&A and 10Q

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft
  1 Circulated

  	
   

  	
   

  	
   

  	
  10/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments
  on Draft 1

  	
   

  	
   

  	
   

  	
  10/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2

  	
   

  	
   

  	
   

  	
  10/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 of Genworth 10Q to
  GE

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Business CEOs and CFOs SOX
  sign-off

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft  2

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 3

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Disclosure Committee 10-Q
  Review Meeting

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 3

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 4

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  KSS Review

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 4

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 5

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2 of Genworth 10Q to
  GE

  	
   

  	
   

  	
   

  	
  10/23/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Audit Committee Meeting

  	
   

  	
   

  	
   

  	
  10/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Final Genworth 10Q to GE

  	
   

  	
   

  	
   

  	
  10/29/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  

 

130

 

Schedule 4.3

 

FP&A Reports

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Cons

  	
   

  	
  Equity (A)

  	
   

  	
  Cost - (B)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR70PGEC—Business/Operating
  Level

  	
   

  	
  P&L
  and Balance Sheet Details for the Estimate

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Assets, Gross Revenues, IBIT, Provision for Taxes,

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Business
  Share Allocation, Earnings Unconsolidated Affiliates, Extraordinary
  Gains/Losses, Net Income, Total Write-offs, Securitization (NI, Pre Tax
  Income, Assets)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  P&L and Balance Sheet

  	
   

  	
  Replaces
  DR’s when in Equity Method; will use estimate in order to forecast income
  associated with the equity investment

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  and Disposition Data

  	
   

  	
  Revenue
  and NI from Acquisitions/Dispositions (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIN46
  SPE Data

  	
   

  	
  Assets
  and P&L Estimates relating to FIN46 (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Variance
  Analysis Comments & Key Drivers and Net Income Walk Analysis

  	
   

  	
  WRI
  / Excel

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rooftop
  Spending; Rooftop Savings

  	
   

  	
  Excel
  Template

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  

	
  Notes:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  Due Date:

  	
   

  	
  Session
  II is Generally Due Mid—October

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(A)—Under Equity Method the P&L, Balance Sheet,
and Key Drivers will be due per the GE timeline as provided in the quarterly
instructions.

(B)—Under Cost Method the P&L, Balance Sheet,
and Key Drivers will be due per the Genworth quarterly SEC filing timelines.

 

131

 

Schedule 4.3 FP&A Reports (SRO)

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Cons

  	
   

  	
  Equity (A)

  	
   

  	
  Cost - (B)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR95GECS

  	
   

  	
  P&L
  and Balance Sheet Details for the Estimate

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Assets, Gross Revenues, IBIT, Provision for Taxes,

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Business
  Share Allocation, Earnings Unconsolidated Affiliates,

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Extraordinary
  Gains/Losses, Net Income, Total Write-offs,

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Securitization
  (Net Income, Pre Tax Income, Assets)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  P&L and Balance Sheet

  	
   

  	
  Replaces
  DR’s when in Equity Method; will use estimate in order to forecast income
  associated with the equity investment

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  and Disposition Estimate

  	
   

  	
  Revenue
  and NI from Acquisitions/Dispositions (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI
  Risks and Opportunities

  	
   

  	
  WRI
  Comments of Risks and Opportunities

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NI
  Variance Analysis Comments

  	
   

  	
  Consolidated:
  WRI Comments for NI Variance Elements; Equity Method:  Spreadsheet Comments

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Key
  Assumptions Comments

  	
   

  	
  Consolidated:
  WRI Comments for NI Variance Elements; Equity Method:  Spreadsheet Comments

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIN46
  SPE Data

  	
   

  	
  Assets
  and P&L Estimates relating to FIN46 (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  

	
  Notes:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  Due Date:

  	
   

  	
  SRO
  estimates take place 5 times each year; Estimated timeframes are Late
  February, Late May, Late August, Mid October and Mid November

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NI
  Variance Analysis and Key Assumptions

  	
   

  	
  Under
  equity method these will not be completed in WRI, but we will need to see the
  key drivers analysis to accompany the estimate

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(A)—Under
Equity Method the P&L, Balance Sheet, and Key Drivers will be due per the
GE timeline as provided in the quarterly instructions.

(B)—Under
Cost Method the P&L, Balance Sheet, and Key Drivers will be due per the
Genworth quarterly SEC filing timelines.

 

132

 

Schedule 4.3 FP&A Reports (S1)

 

FP&A—Data requirements for Session I

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Cons

  	
   

  	
  Equity (A)

  	
   

  	
  Cost - (B)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR70LGEC—Business/Operating
  Level

  	
   

  	
  P&L
  and Balance Sheet Details for the Estimate

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Assets, Gross Revenues, IBIT, Provision for Taxes,

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Business
  Share Allocation, Earnings Unconsolidated Affiliates, Extraordinary
  Gains/Losses, Net Income, Total Write-offs, Securitization (NI, Pre Tax
  Income, Assets)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  P&L and Balance Sheet

  	
   

  	
  Replaces
  DR’s when in Equity Method; will use estimate in order to forecast income
  associated with the equity investment

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  and Disposition Data

  	
   

  	
  Revenue
  and NI from Acquisitions/Dispositions (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIN46
  SPE Data

  	
   

  	
  Assets
  and P&L Estimates relating to FIN46 (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Variance
  Analysis Comments & Key Drivers and Net Income Walk Analysis

  	
   

  	
  WRI
  / Excel

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  

	
  Notes:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  Due Date:

  	
   

  	
  Session
  1 is Generally Due during Late 2Q/Early 3Q

  	
   

  	
   

  	
   

  	
   

  

 

(A)—Under
Equity Method the P&L, Balance Sheet, and Key Drivers will be due per the
GE timeline as provided in the quarterly instructions.

(B)—Under
Cost Method the P&L, Balance Sheet, and Key Drivers will be due per the
Genworth quarterly SEC filing timelines.

 

133

 

Schedule 4.3 FP&A Reports (Op Plan)

 

FP&A—Data requirements for Op Plan

 

	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Cons

  	
   

  	
  Equity (A)

  	
   

  	
  Cost  -  (B) (C)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR70PGEC—Business/Operating
  Level

  	
   

  	
  P&L
  and Balance Sheet Details for the Estimate

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Assets, Gross Revenues, IBIT, Provision for Taxes,

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Business
  Share Allocation, Earnings Unconsolidated Affiliates, Extraordinary
  Gains/Losses, Net Income, Total Write-offs, Securitization (NI, Pre Tax
  Income, Assets)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  P&L and Balance Sheet

  	
   

  	
  Replaces
  DR’s when in Equity Method; will use estimate in order to forecast income
  associated with the equity investment

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
  •

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition
  and Disposition Data

  	
   

  	
  Revenue
  and NI from Acquisitions/Dispositions (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIN46
  SPE Data

  	
   

  	
  Assets
  and P&L Estimates relating to FIN46 (Excel Template)

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Variance
  Analysis Comments & Key Drivers and Net Income Walk Analysis

  	
   

  	
  WRI
  / Excel

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  

	
  Notes:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated
  Due Date:

  	
   

  	
  Op
  Plan is Generally Due the Thrird Week in January

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(A)—Under Equity Method the P&L, Balance Sheet,
and Key Drivers will be due per the GE timeline as provided in the quarterly
instructions.

(B)—Under Cost Method the P&L, Balance Sheet,
and Key Drivers will be due per the Genworth quarterly SEC filing timelines.

(C)—Applicable as long as GE owns at least 5% of
Genworth common stock.

 

134

 

Schedule 4.8

 

Monthly Financial Information

 

 

GE Capital Services

 

Data Parking Lot (DPL)/Corporate Data Repository (CDR)

 

2004 Monthly/Quarterly Closing—File Submission Due
Dates

 

GE Capital Services Monthly Close is the last Fiscal
Saturday, Not the Last Sunday as on the GE Fiscal Calendar

 

Reminder, the dates below may be superceded by the
Quarterly Closing Instructions

 

 

	
  Month

  	
   

  	
   

  	
   

  	
  AU

  	
   

  	
  MU

  	
   

  	
  MO

  	
   

  	
  MF

  	
   

  	
  AL

  	
   

  	
  ML

  	
   

  
	
  January

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Feb
  5 by 11:59 PM

  	
   

  	
  Feb
  6 by 11:59 PM

  	
   

  	
  Feb
  6 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Feb
  6 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  February

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Mar
  4 by 11:59 PM

  	
   

  	
  Mar
  5 by 11:59 PM

  	
   

  	
  Mar
  5 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Mar
  5 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March

  	
   

  	
  a

  	
   

  	
  Mar
  30 by 11:59 PM

  	
   

  	
  Mar.
  28 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
  b

  	
   

  	
  Mar
  31 by Noon

  	
   

  	
  Mar.
  28 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  Apr
  2 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  April

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  May
  6 by 11:59 PM

  	
   

  	
  May
  7 by 11:59 PM

  	
   

  	
  May
  7 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  May
  7 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  May

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Jun
  3 by 11:59 PM

  	
   

  	
  Jun
  4 by 11:59 PM

  	
   

  	
  Jun
  4 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Jun
  4 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June

  	
   

  	
  a

  	
   

  	
  June
  29 by 11:59 PM

  	
   

  	
  June
  27 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
  b

  	
   

  	
  June
  30 by Noon

  	
   

  	
  June
  27 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  Jul
  2 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Aug
  5 by 11:59 PM

  	
   

  	
  Aug
  6 by 11:59 PM

  	
   

  	
  Aug
  6 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Aug
  6 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  August

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Sep
  2 by 11:59 PM

  	
   

  	
  Sep
  3 by 11:59 PM

  	
   

  	
  Sep
  3 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Sep
  3 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  September

  	
   

  	
  a

  	
   

  	
  Sep
  28 by 11:59 PM

  	
   

  	
  Sep
  26 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
  b

  	
   

  	
  Sept
  29 by Noon

  	
   

  	
  Sep
  26 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  Oct
  1 by 11:59 PM

  	
   

  	
  N/A

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  October

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Nov
  4 by 11:59 PM

  	
   

  	
  Nov
  5 by 11:59 PM

  	
   

  	
  Nov
  5 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Nov
  5 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  Dec
  2 by 11:59 PM

  	
   

  	
  Dec
  3 by 11:59 PM

  	
   

  	
  Dec
  3 by 11:59 PM

  	
   

  	
  N/A

  	
   

  	
  Dec
  3 by 11:59 PM

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  December

  	
   

  	
   

  	
   

  	
  Jan
  5 by 6:00 PM

  	
   

  	
  Jan
  1 by 11:59 PM

  	
   

  	
  Jan
  7 by 8:00 AM

  	
   

  	
  Jan
  7 by 8:00 AM

  	
   

  	
  Jan
  7 by 8:00 AM

  	
   

  	
  N/A

  	
   

  

a-  Non 3 day close businesses                             b-  3 day close businesses

 

 

135

 

Schedule 5.2(d)

 

Transaction Documents – Genworth
Indemnification

 

Asset Management Services Agreement

Derivative Management Services Agreement

Mortgage Services Agreement

Outsourcing Services Separation Agreement

Registration Rights Agreement

Tax Matters Agreement

Transition Services Agreement

Long-Term Care Retrocession Agreements

Structured Settlement Reinsurance Agreements

Variable Annuity Reinsurance Agreements

Medicare Supplement Reinsurance Agreement

European Transition Services Agreement

International Tax Matters Agreements

French Transfer Agreement

Investment Management Agreements

Trust Agreements

Capital Maintenance Agreement

Business Services Agreement

UFLIC ESG Services Agreement

JLIC Recapture Agreement

 

136

 

Schedule 5.3(c)

 

Transaction Documents – GE Indemnification

 

Asset Management Services Agreement

Derivative Management Services Agreement

Mortgage Services Agreement

Outsourcing Services Separation Agreement

Registration Rights Agreement

Tax Matters Agreement

Transition Services Agreement

Long-Term Care Retrocession Agreements

Structured Settlement Reinsurance Agreements

Variable Annuity Reinsurance Agreements

Medicare Supplement Reinsurance Agreement

European Transition Services Agreement

International Tax Matters Agreements

French Transfer Agreement

Investment Management Agreements

Trust Agreements

Capital Maintenance Agreement

Business Services Agreement

UFLIC ESG Services Agreement

JLIC Recapture Agreement

 

137

 

Schedule 6.3

 

Insurance Coverage

 

General Electric Company

Global Insurance Programs

Property / Casualty

 

See worksheet attached entitled Blue Ridge 2004 Insurance Schedule

 

138

 

Schedule 6.5(b)

 

GE Contracts

 

 

139

 

Schedule 6.10

 

Continuation of Certain Arrangements

 

•                  At Genworth’s request, General
Electric Capital Services, Inc. shall use commercially reasonable terms to
renew the Credit Derivative Transaction entered into with Deutsche Bank AG
London Branch dated as of March 13, 2002 relating to Brookfield Life Assurance
Company’s USD 400,000,000 Floating Rate Note Program Series 2002-A-1 for a
minimum of three additional five year periods on terms and conditions that are
substantially similar to the expiring terms.

 

•                  GE Capital International Holdings
Corporation’s continuing obligations (relating to discussions with tax
authorities and general document access) under the Project Talon acquisition
agreement (pursuant to which Barclays Bank PLC’s Guernsey captive mortgage
insurer was acquired - since renamed GE Mortgage Insurance (Guernsey) Limited)

 

•                  GEMICO US Undertaking Agreement
between GECC and International Business Machine Corporation dated
August 3, 1999 (IBM will upon notice make available to the Superintendent
of Financial Institution of Canada for inspection at the Facilities all data or
information being processed or maintained by it in respect of the daily
insurance operation of GE Capital Mortgage Insurance Company (Canada))

 

140

 

Schedule 6.12(b)(i)(B)

 

Business Activities

 

•                  Acquiring any mortgage loan portfolio
from a third party, extending loans to customers without regard to the ratio of
the principal amount of the loan to the value of the property against which it
is secured or where the loan is secured by a second or subsequent mortgage.

 

•                  Providing a guarantee (or similar
arrangement) in respect of any mortgage securities or mortgage loan portfolios
that are sold to a third party (i) by GE or any Affiliate of GE, or (ii) by
another third party that purchased such securities or loans from GE or any
Affiliate of GE.

 

•                  Private label long-term care
insurance services (e.g., business of ERC Long Term Care Solutions, Inc.)

 

•                  Private label and turnkey services
for primary insurers (including product development, administration and
reinsurance)

 

•                  Life insurance and similar products
marketed or underwritten by the PMG business (e.g., “Instant Issue Life
Insurance, Juvenile Life, Whole Life), including burial policies.

 

•                  Commercial auto insurance

 

141

 

Schedule 6.15

GE Policies

 

Communications/IR

Covered by
Master Agreement

 

EHS

Covered by GE
Integrity Policy – See below under Legal/Compliance

 

Facilities

Real Estate
Services Operation (RESO) Process Documentation (Operational Processes)

 

Finance/Accounting

GEFA Travel
and Living Policy

 

Governance

Covered by
Master Agreement and Genworth Charter and Bylaws

 

HR

•                  Existing
local Genworth programs, practices and policies pursuant to the Employee
Matters Agreement and as amended from time to time consistent with the Employee
Matters Agreement

•                  Employee
Relations Bulletins (e.g., absence payments, emergency aid, Continuity of
Service Rules, etc.)

•                  Travel
and Living Policy

•                  Employment
Data Protection Standards

•                  Contingent
Worker Standards and Guidelines

•                  Immigration
and Cross Border Mobility Practices

•                  GEFA
Pre-hire/Sourcing Background Checking

•                  Employee
Innovation and Propriety Information Protocol

•                  ADR
Process (DRP or Resolve)

 

IP

Interim
Identity Guidelines (until such time as Exhibit B (Standards and Guidelines) to
the Transitional Trademark License Agreement is completed and attached to the
Transitional Trademark License Agreement)

 

Legal/Compliance

•                  The
policies summarized in the compliance guide entitled “Integrity: the Spirit and
Letter of Our Commitment,” the full text of which are published in their
entirety on the website integrity.ge.com and any subsequent amendments or
revisions thereto (Collectively “the Spirit and Letter Policies”)

•                  The
implementing procedures for the Spirit and Letter Policies

•                  The
compliance program requirements contained in the publication entitled
“Compliance and Integrity:  A Guide for
Leaders”

 

142

 

•                  The
Security and Crisis Management Policy published at Integrity.ge.com

•                  The
Document Management Procedures published at Integrity.ge.com

•                  Those
Management Procedures published at Integrity.ge.com that are deemed by the GE
Policy Compliance Review Board or its designee to apply to the operations of
Genworth

•                  The
requirements for reporting significant litigation quarterly and annually and
trials as required by the Senior Counsel for Litigation and Legal Policy

•                  Any
compliance requirements established by the GE Policy Compliance Review Board

•                  Procedures
for reporting potential conflicts of interest, including the requirements for
periodic surveys of employees to detect potential conficts of interest

•                  Requirements
for the monitoring of securities transactions by transaction restricted
employees

•                  Procedures
governing the reporting of concerns by lawyers - in accordance with
Section 307 of the Sarbanes-Oxley Act

•                  Procedures
for reporting concerns to the Board of Directors  — in accordance with Section 301 of the Sarbanes-Oxley Act
and the listing requirements of the New York Stock Exchange

•                  Amended
or forthcoming versions of all of these policies/procedures

•                  The
Genworth PAC will coordinate all solicitation and disbursement activities with
the GEPAC Administrator or the Secretary of GEPAC, and ensure that it complies
with aggregate disbursement limits set by Federal Election Commission rules and
campaign finance statutes.

•                  With
respect to solicitation activities in 2004 (or any year in which an employee
may have contributed to GEPAC directly or through payroll deduction),
GenworthPAC and GEPAC must ensure that payroll and check contributions do not
in combination exceed individual PAC contribution limits (currently $5,000 per
year.)

•                  With
respect to disbursements, GenworthPAC must submit contribution requests to the
GEPAC Administrator to determine the remaining amount which may be contributed,
and determine which entity among the affiliated PACs will make the
contribution.  GenworthPAC limits are
subject to the full 6 year cycle of US Senate races and the 2 year cycle for
House races.

 

Risk

Policy 5.0
approval authorities for new business

Policy 6.0 for
portfolio/product management processes

 

Sourcing/IT

Corporate
Security Policy

Corporate Data
Privacy Policy

IT Policies
related to maintaining adequate disclosure controls under the Sarbanes-Oxley
Act

 

Tax

Covered by Tax
Matters Agreements and International Tax Matters Agreements

 

Treasury

Match Funding
Policy

Debt and
Credit Support Obligations Policy

 

143

 

Cash
Management Policies:  Paper Remittance
and Disbursements Policy; Overnight Investment/Borrowing Policy; Electronic
Funds Transfers Policy; Obtaining and Maintaining Policy; Opening, Closing and
Amending Bank Accounts Policy

Capital
Investments Policy (covered by GE Policy Info 30.6)

Foreign
Exchange Policy

Commodity
Hedging policy

Anti-Money
Laundering Policy

Derivatives
Policy

OFAC Policy

Compliance
Policies Relating to Negative Pledge Covenant and Other Covenants in Debt Documentation

 

144

 

Schedule 7.1

 

Transaction Documents – Dispute Resolution

 

Transition Matters Agreement

 

Derivatives Management Services Agreement

 

Liability and Portfolio Management Agreement

 

Mortgage Services Agreement

 

Outsourcing Services Separation Agreement

 

Tax Matters Agreement

 

Long-Term Care Retrocession Agreements

 

Structured Settlement Reinsurance Agreements

 

Variable Annuity Reinsurance Agreements

 

Medicare Supplement Reinsurance Agreement

 

Business Services Agreement

 

Investment Management Agreements

 

Transitional Trademark Licensing Agreement

 

FACL Reinsurance Agreement

 

FICL Reinsurance Agreement

 

International Tax Matters Agreements

 

European Transition Services Agreement

 

Form of Liability and Portfolio Asset Management Agreements

 

French Reinsurance Agreement

 

UK Transfer Plan

 

145Exhibit
10.3

 

TRANSITION SERVICES AGREEMENT

 

dated
                ,
2004

 

among

 

GENERAL ELECTRIC COMPANY,

 

GENERAL ELECTRIC CAPITAL
CORPORATION,

 

GEI, INC.,

 

GE FINANCIAL ASSURANCE HOLDINGS,
INC.,

 

GNA CORPORATION,

 

GE ASSET MANAGEMENT INCORPORATED,

 

GENERAL ELECTRIC MORTGAGE HOLDINGS
LLC

 

and

 

GENWORTH
FINANCIAL, INC.

 

 

	
  Article
  I             DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 1.01.

  	
   

  	
  Certain Defined Terms

  	
   

  
	
  SECTION 1.02.

  	
   

  	
  Other Terms

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article II            SERVICES AND TERMS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2.01.

  	
   

  	
  Services; Scope

  	
   

  
	
  SECTION 2.02.

  	
   

  	
  Conversion Services

  	
   

  
	
  SECTION 2.03.

  	
   

  	
  GE Services Manager

  	
   

  
	
  SECTION 2.04.

  	
   

  	
  Company Services Manager

  	
   

  
	
  SECTION 2.05.

  	
   

  	
  Performance and Receipt of Services

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article III          OTHER ARRANGEMENTS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.01.

  	
   

  	
  Vendor Agreements

  	
   

  
	
  SECTION 3.02.

  	
   

  	
  Six Sigma Programs.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article IV          ADDITIONAL AGREEMENTS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4.01.

  	
   

  	
  Leases

  	
   

  
	
  SECTION 4.02.

  	
   

  	
  Computer-Based Resources

  	
   

  
	
  SECTION 4.03.

  	
   

  	
  GRC Matters

  	
   

  
	
  SECTION 4.04.

  	
   

  	
  Consents

  	
   

  
	
  SECTION 4.05.

  	
   

  	
  Access

  	
   

  
	
  SECTION 4.06.

  	
   

  	
  Management Consulting Services

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article V            COSTS AND DISBURSEMENTS; PAYMENTS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5.01.

  	
   

  	
  Costs and Disbursements; Payments

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  VI          STANDARD FOR SERVICE;
  COMPLIANCE WITH LAWS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6.01.

  	
   

  	
  Standard for Service

  	
   

  
	
  SECTION 6.02.

  	
   

  	
  Compliance with Laws

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  VII         INDEMNIFICATION; LIMITATION
  ON LIABILITY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 7.01.

  	
   

  	
  Limited Liability of a Provider

  	
   

  
	
  SECTION 7.02.

  	
   

  	
  Indemnification by Each Provider

  	
   

  
	
  SECTION 7.03.

  	
   

  	
  Indemnification by Each Recipient

  	
   

  
	
  SECTION 7.04.

  	
   

  	
  Indemnification Procedures

  	
   

  
	
  SECTION 7.05.

  	
   

  	
  Limitation on Liability

  	
   

  
	
  SECTION 7.06.

  	
   

  	
  Liability for Payment Obligations

  	
   

  
	
  SECTION 7.07.

  	
   

  	
  Exclusions

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article VIII        DISPUTE RESOLUTION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 8.01.

  	
   

  	
  Applicable Law

  	
   

  
	
  SECTION 8.02.

  	
   

  	
  Dispute Resolution

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  IX          TERMINATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 9.01.

  	
   

  	
  Termination

  	
   

  

 

i

 

	
  SECTION 9.02.

  	
   

  	
  Effect of Termination

  	
   

  
	
  SECTION 9.03.

  	
   

  	
  Survival

  	
   

  
	
  SECTION 9.04.

  	
   

  	
  Business Continuity; Force Majeure

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Article X           GENERAL PROVISIONS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 10.01.

  	
   

  	
  Independent Contractors

  	
   

  
	
  SECTION 10.02.

  	
   

  	
  Subcontractors

  	
   

  
	
  SECTION 10.03.

  	
   

  	
  Additional Services; Books and Records

  	
   

  
	
  SECTION 10.04.

  	
   

  	
  Confidential Information

  	
   

  
	
  SECTION 10.05.

  	
   

  	
  Notices

  	
   

  
	
  SECTION 10.06.

  	
   

  	
  Taxes

  	
   

  
	
  SECTION 10.07.

  	
   

  	
  Regulatory Approval and Compliance

  	
   

  
	
  SECTION 10.08.

  	
   

  	
  Severability

  	
   

  
	
  SECTION 10.09.

  	
   

  	
  Entire Agreement

  	
   

  
	
  SECTION 10.10.

  	
   

  	
  Assignment; No Third-Party Beneficiaries

  	
   

  
	
  SECTION 10.11.

  	
   

  	
  Amendment

  	
   

  
	
  SECTION 10.12.

  	
   

  	
  Rules of Construction

  	
   

  
	
  SECTION 10.13.

  	
   

  	
  Counterparts

  	
   

  
	
  SECTION 10.14.

  	
   

  	
  No Right to Set-Off

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULES

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULE A

  	
   

  	
  GE Services

  	
   

  
	
  SCHEDULE A-1

  	
   

  	
  Investment IT Services

  	
   

  
	
  SCHEDULE B

  	
   

  	
  Company Services

  	
   

  
	
  SCHEDULE C-1

  	
   

  	
  Leased Facilities (GE to Company)

  	
   

  
	
  SCHEDULE C-2

  	
   

  	
  Leased Facilities (Company to GE)

  	
   

  
	
  SCHEDULE D

  	
   

  	
  GRC Projects

  	
   

  
	
  SCHEDULE E

  	
   

  	
  Management Consulting Services

  	
   

  
	
  SCHEDULE F

  	
   

  	
  Business Associate Addendum

  	
   

  

 

ii

 

This Transition Services Agreement, dated
            , 2004
(this “Agreement”), is made by and among GENERAL ELECTRIC COMPANY, a New
York corporation (“General Electric”), GENERAL ELECTRIC CAPITAL
CORPORATION, a Delaware corporation (“GE Capital”), GEI, INC., a
Delaware corporation (“GEI”), GE FINANCIAL ASSURANCE HOLDINGS, INC., a
Delaware corporation (“GEFAHI”), GNA CORPORATION, a Washington
corporation (“GNA”), GE ASSET MANAGEMENT INCORPORATED, a Delaware
corporation (“GEAM”), GENERAL ELECTRIC MORTGAGE HOLDINGS LLC, a North
Carolina limited liability company (“GEMH”), and GENWORTH FINANCIAL,
INC., a Delaware corporation (“Genworth”).

 

RECITALS

 

A.                                   General
Electric, GE Capital, GEI, GEFAHI and Genworth entered into a Master Agreement,
dated as of the date hereof  (the “Master
Agreement”).

 

B.                                     It
is contemplated by the Master Agreement that after the date hereof (i) General
Electric will continue to provide, or cause to continue to be provided, certain
administrative and support services and other assistance to Genworth (together
with its Subsidiaries, including GNA and GEMH, collectively hereinafter referred
to as the “Company”) on a transitional basis and in accordance with the
terms and subject to the conditions set forth herein, and (ii) the Company will
continue to provide, or cause to continue be provided, certain administrative
and support services and other assistance to General Electric (together with
its Subsidiaries, including GE Capital, GEFAHI, and GEAM (but excluding
Genworth and its Subsidiaries), collectively hereinafter referred to as “GE”)
on a transitional basis and in accordance with the terms and subject to the
conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing and
the mutual agreements contained herein and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto hereby agree as follows:

 

ARTICLE I

DEFINITIONS

 

SECTION 1.01.      Certain
Defined Terms.  Unless otherwise
defined herein, all capitalized terms used herein shall have the same meaning
as in the Master Agreement.

 

The following capitalized terms used in this Agreement
shall have the meanings set forth below:

 

“Cross License” means the Intellectual Property
Cross License, dated as of the date hereof, by and between General Electric and
Genworth.

 

“European Transition Services Agreement” means
the Transitional Services Agreement, dated as of the date hereof, between
Financial Insurance Group Services Limited and GE Life Services Limited.

 

 

“GEFAHI Divested Companies” means the following
companies and their associated business divested by GEFAHI on or about August
29, 2003:  (i) GE Property and Casualty
Insurance Company; (ii) GE Casualty Insurance Company; (iii) GE Indemnity
Insurance Company; (iv) GE Auto & Home Insurance Company, (v) Bayside Casualty
Insurance Company; (vi) GE Financial Assurance Japan Ltd.; (vii) GE Edison Life
Insurance Company; (viii) Toho Shinyo Hosho Company; and (ix) GE Edison
Services Company.

 

“Information Systems” means computing,
telecommunications or other digital operating or processing systems or
environments, including, without limitation, computer programs, data,
databases, computers, computer libraries, communications equipment, networks
and systems.  When referenced in
connection with Services, Information Systems shall mean the Information
Systems accessed and/or used in connection with the Services.

 

“Intellectual Property” means all of the
following, whether protected, created or arising under the laws of the United
States or any other foreign jurisdiction: (i) patents, patent applications
(along with all patents issuing thereon), statutory invention registrations,
divisions, continuations, continuations-in-part, substitute application of the
foregoing and any extensions, reissues, restorations and reexaminations
thereof, and all rights therein provided by international treaties or
conventions, (ii) copyrights, mask work rights, database rights and design
rights, whether or not registered, published or unpublished, and registrations
and applications for registration thereof, and all rights therein whether provided
by international treaties or conventions or otherwise, (iii) trademarks,
service marks, trade dress, logos and other identifiers of source, including
all goodwill associated therewith and all common law rights, registrations and
applications for registration thereof, and all rights therein provided by
international treaties or conventions, and all reissues, extensions and
renewals of any of the foregoing, (iv) intellectual property rights arising
from or in respect of domain names, domain name registrations and reservations,
(v) trade secrets, (vi) intellectual property rights arising from or in respect
of Technology, and (vii) all other applications and registrations related to
any of the intellectual property rights set forth in the foregoing clauses (i)
– (vi) above.

 

“Investment Management Agreements” means each
of the Amended and Restated Investment Management and Services Agreements dated
as of the date hereof between GEAM and one or more Subsidiaries of Genworth.

 

“Provider” means the party providing a Service
under this Agreement.

 

“Recipient” means the party to whom a Service
under this Agreement is being provided.

 

“Representative(s)” of a Person means any
director, officer, employee, agent, consultant, accountant, auditor, financing
source, attorney, investment banker or other representative of such Person.

 

“Retained Businesses” means the insurance
businesses owned or managed, directly or indirectly, by General Electric or one
of its Subsidiaries immediately prior to the Closing and any other businesses
owned or managed, directly or indirectly, by General Electric or one of its
Subsidiaries immediately prior to the Closing that received any service or
support

 

2

 

substantially the
same as the Company Services described in Schedule B hereto from
GEFAHI or the Company at any time prior to the Closing, in each case to the
extent such businesses are not transferred or contributed to the Company at the
Closing.

 

“Software” means the object and source code
versions of computer programs and any associated documentation therefore.

 

“Service(s)” means, individually and
collectively, the GE Services, Company Services and Undertakings (but
specifically excludes the Management Consulting Services).

 

“Service Termination Date” shall have the
meaning specified in Schedule A, Schedule A-1 or Schedule B,
as applicable, in respect of any Service, or such earlier date as provided
hereunder.

 

“Technology” means, collectively, all designs,
formulas, algorithms, procedures, techniques, ideas, know-how, software,
programs, models, routines, confidential and proprietary information,
databases, tools, inventions, invention disclosures, creations, improvements,
works of authorship, and all recordings, graphs, drawings, reports, analyses,
other writings, and any other embodiment of the above, in any form, whether or
not specifically listed herein.

 

“Total Consent Cost Amount” means $11 million,
which amount represents the parties’ agreed-upon good faith estimate of the anticipated
out-of-pocket costs with respect to obtaining, performing or otherwise
satisfying (i) the Consents  pursuant
to the terms of this Agreement and (ii) the Consents (as such term is defined
in the European Transition Services Agreement) pursuant to the terms of the
European Transition Services Agreement.

 

“Total Conversion Cost Amount” means $29.6
million, which amount represents the parties’ agreed-upon good faith estimate
of the anticipated nonrecurring, out-of-pocket conversion costs with respect to
the transition of (i) the GE Services pursuant to the terms of this Agreement
and (ii) the GEIH Services (as such term is defined in the European Transition
Services Agreement) pursuant to the terms of the European Transition Services
Agreement.

 

“Undertakings” means, collectively, the
obligations of General Electric and its Subsidiaries and Genworth and its
Subsidiaries set forth in Article III.

 

“Virus” shall mean any computer instructions
(i) that adversely affect the operation, security or integrity of a computing,
telecommunications or other digital operating or processing system or
environment, including without limitation, other programs, data, databases,
computer libraries and computer and communications equipment, by altering,
destroying, disrupting or inhibiting such operation, security or integrity;
(ii) that without functional purpose, self-replicate without manual
intervention; and/or (iii) that purport to perform a useful function but which
actually perform either a destructive or harmful function, or perform no useful
function and utilize substantial computer, telecommunications or memory
resources.

 

SECTION 1.02.      Other
Terms.  For purposes of this
Agreement, the following terms have the meanings set forth in the sections or
agreements indicated.

 

3

 

	
  Term

  	
   

  	
  Section

  
	
  Affiliate

  	
   

  	
  Master Agreement

  
	
  Agreement

  	
   

  	
  Preamble

  
	
  Breaching Party

  	
   

  	
  Section 9.01(a)

  
	
  Business Day

  	
   

  	
  Master Agreement

  
	
  Business Services Agreement

  	
   

  	
  Master Agreement

  
	
  Closing

  	
   

  	
  Master Agreement

  
	
  Closing Date

  	
   

  	
  Master Agreement

  
	
  Company

  	
   

  	
  Recitals

  
	
  Company Indemnified Party

  	
   

  	
  Section 3.02(b)

  
	
  Company Services

  	
   

  	
  Section 2.01(b)

  
	
  Company Services Manager

  	
   

  	
  Section 2.04

  
	
  Company Substitute Service

  	
   

  	
  Section 2.01(b)

  
	
  Company Vendor Agreements

  	
   

  	
  Section 3.01(b)

  
	
  Consents

  	
   

  	
  Section 4.04(a)

  
	
  Controlled

  	
   

  	
  Cross License

  
	
  Electronic Materials

  	
   

  	
  Section 2.02(a)(iii)

  
	
  Force Majeure

  	
   

  	
  Master Agreement

  
	
  General Electric

  	
   

  	
  Preamble

  
	
  GE

  	
   

  	
  Recitals

  
	
  GE Acquired Unit

  	
   

  	
  Section 10.10

  
	
  GEAM

  	
   

  	
  Preamble

  
	
  GE Basic Substitute Service

  	
   

  	
  Section 2.01(a)

  
	
  GE Confidential Information

  	
   

  	
  Master Agreement

  
	
  GE Capital

  	
   

  	
  Preamble

  
	
  GE Divested Unit

  	
   

  	
  Section 10.10

  
	
  GEFAHI

  	
   

  	
  Preamble

  
	
  GEI

  	
   

  	
  Preamble

  
	
  GE Intellectual Property

  	
   

  	
  Cross License

  
	
  GEMH

  	
   

  	
  Preamble

  
	
  Genworth

  	
   

  	
  Preamble

  
	
  Genworth Acquired Unit

  	
   

  	
  Section 10.10

  
	
  Genworth Business

  	
   

  	
  Master Agreement

  
	
  Genworth Confidential Information

  	
   

  	
  Master Agreement

  
	
  Genworth Divested Unit

  	
   

  	
  Section 10.10

  
	
  Genworth Intellectual Property

  	
   

  	
  Cross License

  
	
  GE-Owned GRC Intellectual Property

  	
   

  	
  Section 4.03(b)

  
	
  GE Services

  	
   

  	
  Section 2.01(a)

  
	
  GE Services Manager

  	
   

  	
  Section 2.03

  
	
  GE Substitute Investment IT Service

  	
   

  	
  Section 2.01(a)

  
	
  GE Substitute Service

  	
   

  	
  Section 2.01(a)

  
	
  GE Vendor Agreements

  	
   

  	
  Section 3.01(a)

  
	
  GNA

  	
   

  	
  Preamble

  
	
  HIPAA

  	
   

  	
  Schedule F

  
	
  HIPAA Privacy Rule

  	
   

  	
  Schedule F

  
	
  IBS

  	
   

  	
  Section 5.01(c)(i)

  

 

4

 

	
  Term

  	
   

  	
  Section

  
	
  Improvement

  	
   

  	
  Cross License

  
	
  Investment IT Services

  	
   

  	
  Section 2.01(a)

  
	
  Laws

  	
   

  	
  Master Agreement

  
	
  Liabilities

  	
   

  	
  Master Agreement

  
	
  Management Consulting Services

  	
   

  	
  Section 4.06(a)

  
	
  Master Agreement

  	
   

  	
  Recitals

  
	
  Non-Breaching Party

  	
   

  	
  Section 9.01(a)

  
	
  Other Costs

  	
   

  	
  Section 5.01(a)

  
	
  Permitted Use

  	
   

  	
  Section 3.02(a)

  
	
  Provider Indemnified Party

  	
   

  	
  Section 7.01

  
	
  Recipient Indemnified Party

  	
   

  	
  Section 7.02

  
	
  Reinsurance Agreement(s)

  	
   

  	
  Master Agreement

  
	
  Service Charges

  	
   

  	
  Section 5.01(a)

  
	
  Six Sigma Programs

  	
   

  	
  Section 3.02(a)

  
	
  Standard for Services

  	
   

  	
  Section 6.01

  
	
  Subsidiary

  	
   

  	
  Master Agreement

  
	
  Taxes

  	
   

  	
  Section 10.06(b)

  
	
  Transactions

  	
   

  	
  Master Agreement

  
	
  Trigger Date

  	
   

  	
  Master Agreement

  

 

ARTICLE II

SERVICES AND TERMS

 

SECTION 2.01.      Services;
Scope

 

(a)           During the period commencing on the
date hereof and ending on the relevant Service Termination Date, subject to the
terms and conditions set forth in this Agreement, General Electric shall
provide or cause to be provided to the Company the services listed in Schedule
A (the “GE Service(s)”).  The
“GE Services” also shall include (1) any Services to be provided by GE to the
Company as agreed pursuant to Section 10.03(a), (2) the investment-related
information technology services set forth on Schedule A-1 (the “Investment
IT Services”), and (3) any GE Substitute Service; provided, however,
that (i) the scope of each GE Service shall be substantially the same as the
scope of such service provided by GE to the Company or the Company’s
predecessor, as applicable, on the last day prior to the date hereof that such
service was provided by GE to the Company or the Company’s predecessor, as
applicable, in the ordinary course, (ii) the use of each GE Service by the
Company shall include use by the Company’s contractors in substantially the
same manner as used by the contractors of the Company or the Company’s
predecessor, as applicable, prior to the Closing and (iii) except as provided
in Section 10.10, nothing in this Agreement shall require that any GE
Service be provided other than for use in, or in connection with the Genworth
Business.  Nothing in the preceding
sentence or elsewhere in this Agreement shall be deemed to restrict or
otherwise limit the volume or quantity of any GE Service, provided that certain
volume or quantity changes with respect to a GE Service may require the parties
to negotiate in good faith and use their commercially reasonable efforts to
agree upon a price change with respect to such GE Service

 

5

 

pursuant to Section 10.10.  If,
for any reason, GE is unable to provide any GE Service (other than an
Investment IT Service) to the Company pursuant to the terms of this Agreement,
GE shall provide to the Company a substantially equivalent service (a “GE
Basic Substitute Service”) at or below the cost for the substituted GE
Service as set forth in Schedule A and otherwise in accordance with the
terms of this Agreement, including the Standard for Services.  If, for any reason, GE is unable to provide
any Investment IT Service to the Company pursuant to the terms of this
Agreement or GE elects to provide a substitute service in lieu of such
Investment IT Service, GE shall provide to the Company a substantially
equivalent service (a “GE Substitute Investment IT Service”) at or below
the cost for the substituted Investment IT Service as set forth in Schedule
A-1 (subject to any increase in such costs provided for in the Investment
Management Agreements) and otherwise in accordance with the terms of this
Agreement, including the Standard for Services; provided, however,
(i) GE shall provide the Recipient of such GE Substitute Investment IT Service
with reasonable advance notice of the proposed commencement date of such GE
Substitute Investment IT Service and (ii) upon such Recipient’s request, GE
shall provide such Recipient with information regarding GE’s plans to
substitute the existing Investment IT Service with the GE Substitute Investment
IT Service and permit such Recipient to (A) consult with applicable GE
personnel regarding the proposed GE Substitute Investment IT Service and the
third party provider thereof and (B) participate in negotiations with any third
party provider of such GE Substitute Investment IT Service, provided that GE
shall have the exclusive right, subject to the terms of this Agreement, to
ultimately select the GE Substitute Investment IT Service and the provider
thereof.  Together, the GE Basic
Substitute Services and the GE Substitute Investment IT Services shall be the “GE
Substitute Services.”

 

(b)           During the period commencing on the
date hereof and ending on the relevant Service Termination Date, subject to the
terms and conditions set forth in this Agreement, Genworth shall provide or
cause to be provided to GE the services listed in Schedule B (the “Company
Service(s)”).  The “Company
Services” also shall include (1) any Services to be provided by the Company to
GE as agreed pursuant to Section 10.03(a) and (2) any Company Substitute
Service; provided, however, that (i) the scope of each Company
Service shall be substantially the same as the scope of such service provided
by the Company or the Company’s predecessor, as applicable, to GE on the last
day prior to the date hereof that such service was provided by the Company or
the Company’s predecessor, as applicable, to GE in the ordinary course, (ii)
the use of each Company Service by GE shall include use by GE’s contractors in
substantially the same manner as used by the contractors of GE prior to the
Closing and (iii) except as provided in Section 10.10, nothing in this
Agreement shall require that any Company Service be provided other than for use
in, or in connection with (A) the Retained Businesses or (B) the GEFAHI Divested
Companies.  Nothing in the preceding
sentence or elsewhere in this Agreement shall be deemed to restrict or
otherwise limit the volume or quantity of any Company Service, provided that
certain volume or quantity changes with respect to a Company Service may
require the parties to negotiate in good faith and use their commercially
reasonable efforts to agree upon a price change with respect to such Company
Service pursuant to Section 10.10 hereof. 
The Company Services shall not include any services the Company provides
or causes to be provided pursuant to the Business Services Agreement.  If, for any reason, the Company is unable to
provide any Company Service to GE pursuant to the terms of this Agreement, the
Company shall provide to GE a substantially equivalent service (a “Company
Substitute Service”) at or below the cost for the substituted Company
Service as set forth in Schedule B and otherwise in accordance with the
terms of this Agreement, including the Standard for Services.

 

6

 

(c)           The GE Services shall include, and
the Service Charges reflect charges for, such maintenance, support, error
correction, training, updates and enhancements normally and customarily
provided by GE to its Subsidiaries that receive such services.  If the Company requests that GE provide a
custom modification in connection with any GE Service, the Company shall be
responsible for the cost of such custom modification, and to the extent such
custom modification constitutes Software and such Software and all Intellectual
Property therein is owned by GE, GE hereby assigns such Software and all
Intellectual Property therein to the Company and the Company hereby grants GE a
perpetual, worldwide, fully paid up, irrevocable, transferable, royalty-free,
non-exclusive license, with the right to sublicense, to use and modify such
Software.  The GE Services shall include
all functions, responsibilities, activities and tasks, and the materials,
documentation, resources, rights and licenses to be used, granted or provided
by GE that are not specifically described in this Agreement as a part of the GE
Services, but are incidental to, and would normally be considered an inherent
part of, or necessary subpart included within, the GE Services or are otherwise
necessary for GE to provide, or the Company to receive, the GE Services.

 

(d)           The Company Services shall include,
and the Service Charges reflect charges for, such maintenance, support, error
correction, training, updates and enhancements normally and customarily
provided by the Company to its Subsidiaries that receive such services.  If GE requests that the Company provide a
custom modification in connection with any Company Service, GE shall be responsible
for the cost of such custom modification, and to the extent such custom
modification constitutes Software and such Software and all Intellectual
Property therein is owned by the Company, the Company hereby assigns such
Software and all Intellectual Property therein to GE and GE hereby grants the
Company a perpetual, worldwide, fully paid up, irrevocable, transferable,
royalty-free, non-exclusive license, with the right to sublicense, to use and
modify such Software.  The Company
Services shall include all functions, responsibilities, activities and tasks,
and the materials, documentation, resources, rights and licenses to be used,
granted or provided by the Company that are not specifically described in this
Agreement as a part of the Company Services, but are incidental to, and would
normally be considered an inherent part of, or necessary subpart included
within, the Company Services or are otherwise necessary for the Company to
provide, or GE to receive, the Company Services.

 

(e)           This
Agreement (including Section 4.03 hereof) shall not assign any rights to
Technology or Intellectual Property between the parties other than as
specifically set forth herein.

 

(f)            The parties acknowledge and agree
that in connection with the implementation, provision, receipt and transition
of the Services, there will be certain nonrecurring, out-of-pocket conversion
costs incurred by GE or the Company. 
With respect to each GE Service, GE shall either reimburse the Company
after the Service Termination Date for all actual, out-of-pocket conversion
costs incurred by the Company and related to such GE Service or, after
consultation with the Company, pay such conversion costs directly on an as
incurred basis, in either case regardless of whether the Company replaces the
GE Service with the same application, system, vendor or other means of
effecting the GE Service; provided, however, that GE’s payment
and reimbursement obligations under this Section 2.01(f) and Section 3.3.1 of
the European Transition Services Agreement shall not exceed, in the aggregate,
the Total Conversion Cost Amount.  GE
shall be solely responsible for paying any one-time

 

7

 

conversion
and related costs with respect to the Company Services, and any such one-time
conversion or related costs shall not be included in the Total Conversion Cost
Amount.

 

(g)           Prior to GE’s payment of or
reimbursement for actual out-of-pocket conversion costs pursuant to Section
2.01(f) above, the Company shall provide GE with an invoice accompanied by
reasonably detailed data and documentation sufficient to evidence the
out-of-pocket expenses for which the Company is seeking payment or
reimbursement.  Upon receipt of such
invoice and data and documentation, GE shall, except as otherwise provided in
Section 2.01(f), either pay the amount of such invoice directly in accordance
with GE’s general payment terms with vendors or reimburse the Company for its
payment of the invoice within 30 days of the date of GE’s receipt of such
invoice and request for reimbursement from the Company.  If GE in good faith disputes the invoiced
amount, then the parties shall work together to resolve such dispute.  If the parties are unable to resolve such
dispute within 30 days, the dispute shall be resolved pursuant to
Section 8.02.  The parties acknowledge
and agree that no prior approval shall be required from GE for the Company to
seek any reimbursement pursuant to Section 2.01(f) and this Section 2.01(g).

 

(h)           Throughout the term of this
Agreement, the Provider and the Recipient of any Service shall cooperate with
one another and use their good faith, commercially reasonable efforts to effect
the efficient, timely and seamless provision and receipt of such Service.

 

(i)            Any Software delivered by a Provider
hereunder shall be delivered, at the election of the Provider, either (i) with
the assistance of the Provider, through electronic transmission or downloaded
by the Recipient from the GE intranet, or (ii) by installation by Provider on
the relevant equipment with retention by Provider of all tangible media on
which such Software resides.  Provider
and Recipient acknowledge and agree that no tangible medium containing such
Software (including any enhancements, upgrades or updates) will be transferred
to Recipient at any time for any reason under the terms of this Agreement, and
that Provider will, at all times, retain possession and control of any such
tangible medium used or consumed by Provider in the performance of this
Agreement.  Each party shall comply with
all reasonable security measures implemented by the other party in connection
with the delivery of Software.

 

SECTION 2.02.      Conversion
Services.

 

(a)           During the term of this Agreement, GE
shall provide, or cause to be provided, the following support, which support
shall be in addition to the GE Services described in Schedule A and Schedule
A-1, at no cost except for actual out-of-pocket costs and expenses approved
in advance in writing by the Company Services Manager:

 

(i)            GE shall provide, or cause to be
provided, current and reasonably available historical data related to the GE
Services and predecessor services thereto as reasonably required by the Company
in a manner and within a time period as mutually agreed by the parties.

 

(ii)           GE shall make reasonably available to
the Company employees and contractors of GE whose assistance, expertise or
presence is necessary to assist the

 

8

 

Company’s
transition team in establishing a fully functioning stand-alone environment and
the timely assumption by the Company, or by a supplier to the Company, of the
GE Services.

 

(iii)          With respect to any Software or other
electronic content (“Electronic Materials”) licensed to Genworth and its
Affiliates under the Cross License and used to provide a GE Service, GE shall
make available or deliver to the Company a copy of such Software or Electronic
Materials that are in existence and current as of the Service Termination Date
for such GE Service, including any upgrades, updates and other modifications
made to such Software and Electronic Materials since the Closing Date.  Any upgrades, updates or other modifications
to Software and Electronic Materials made available or delivered to the Company
pursuant to this Section 2.02(a)(iii) shall be deemed to be GE Intellectual
Property under the Cross License and licensed to Genworth and its Affiliates
pursuant to the terms of the Cross License, notwithstanding that such upgrades,
updates or other modifications (x) were not used, held for use or contemplated
to be used by the Genworth Group as of the Closing Date, (y) were not
Controlled by the GE Group as of the Closing Date or (z) may constitute
Improvements made after the Closing Date.

 

(b)           During the term of this Agreement,
the Company shall provide, or cause to be provided, the following support,
which support shall be in addition to the Company Services described in Schedule
B, at no cost except for actual out-of-pocket costs and expenses approved
in advance in writing by the GE Services Manager:

 

(i)            The Company shall provide, or cause
to be provided, current and reasonably available historical data related to the
Company Services and predecessor services thereto as reasonably required by GE
in a manner and within a time period as mutually agreed by the parties.

 

(ii)           The Company shall make reasonably
available to GE employees and contractors of the Company whose assistance,
expertise or presence is necessary to assist GE’s transition team in
establishing a fully functioning stand-alone environment in respect of the Retained
Businesses and the timely assumption by GE, or by a supplier of GE, of the
Company Services.

 

(iii)          With respect to any Software or other
Electronic Materials licensed to General Electric and its Affiliates under the
Cross License and used to provide a Company Service, Company shall make
available or deliver to GE a copy of such Software or Electronic Materials that
are in existence and current as of the Service Termination Date for such
Company Service, including any upgrades, updates and other modifications made
to such Software and Electronic Materials since the Closing Date.  Any upgrades, updates or other modifications
to Software and Electronic Materials made available or delivered to GE pursuant
to this Section 2.02(b)(iii) shall be deemed to be Genworth Intellectual
Property under the Cross License and licensed to General Electric and its
Affiliates pursuant to the terms of the Cross License, notwithstanding that
such upgrades, updates or other modifications (x) were not used, held for use
or contemplated to be used by GE Group as of the Closing Date, (y) were not
Controlled by the Genworth Group as of the Closing Date or (z) may constitute
Improvements made after the Closing Date.

 

9

 

SECTION 2.03.      GE
Services Manager.  GE will designate
a dedicated services account manager (the “GE Services Manager”) who
will be directly responsible for coordinating and managing the delivery of the
GE Services and will have authority to act on GE’s behalf with respect to the
Services.  The GE Services Manager will
work with the Company Services Manager to address the Company’s issues and the
parties’ relationship under this Agreement.

 

SECTION 2.04.      Company
Services Manager.  The Company will
designate a dedicated services account manager (the “Company Services
Manager”) who will be directly responsible for coordinating and managing
the delivery of the Services by the Company and will have authority to act on
the Company’s behalf with respect to the Services.  The Company Services Manager will work with the GE Services
Manager to address GE’s issues and the parties’ relationship under this
Agreement.

 

SECTION 2.05.      Performance
and Receipt of Services.  The
following provisions shall apply to the Services:

 

(a)           Security.  Each Provider and Recipient shall at all
times comply with its own then in-force security guidelines and policies
applicable to the performance, access and/or use of the Services and
Information Systems.

 

(b)           No Viruses.  Each of the Company and GE shall take
commercially reasonable measures to ensure that no Viruses or similar items are
coded or introduced into the Services or Information Systems.  If a Virus is found to have been introduced
into the Services or Information Systems, the parties hereto shall use their
commercially reasonable efforts to cooperate and to diligently work together to
eliminate the effects of such Virus.

 

(c)           Reasonable Care.  Each Provider and Recipient shall exercise
reasonable care in providing and receiving the Services to (i) prevent access
to the Services or Information Systems by unauthorized Persons and (ii) not
damage, disrupt or interrupt the Services or Information Systems.

 

ARTICLE III

OTHER ARRANGEMENTS

 

SECTION 3.01.      Vendor
Agreements.

 

(a)           During the period beginning on the
date hereof and ending on the Trigger Date, GE is or may become a party to
certain corporate purchasing contracts, master services agreements, vendor
contracts, software and other Intellectual Property licenses or similar
agreements unrelated to the GE Services (the “GE Vendor Agreements”)
under which (or under open work orders thereunder) the Company purchases goods
or services, licenses rights to use Intellectual Property and realizes certain
other benefits and rights.  The parties
hereby agree that the Company shall continue to retain the right to purchase
goods or services and continue to realize such other benefits and rights under
each GE Vendor Agreement to the extent allowed by such GE Vendor Agreement
until the expiration or termination date of such rights or benefits pursuant to
the terms of such GE Vendor Agreement (including, without limitation, any

 

10

 

voluntary
termination of such GE Vendor Agreement by GE).  Additionally, for so long as the purchasing or other rights
remain in full force and effect under a GE Vendor Agreement and the Company
continues to exercise its purchasing or other rights and benefits under such GE
Vendor Agreement and for a period of six months thereafter, GE shall use its
commercially reasonable efforts, upon the written request of the Company, to
assist the Company in obtaining a purchasing contract, master services
agreement, vendor contract or similar agreement directly with the third party
provider that is a party to the GE Vendor Agreement.

 

(b)           During the period beginning on the
date hereof and ending on the Trigger Date, the Company is or may become a
party to certain corporate purchasing contracts, master services agreements,
vendor contracts, software and other Intellectual Property licenses or similar
agreements unrelated to the Company Services (the “Company Vendor Agreements”)
under which (or under open work orders thereunder) GE purchases goods or
services, licenses rights to use Intellectual Property and realizes certain
other benefits and rights.  The parties
hereby agree that GE shall continue to retain the right to purchase goods or
services and continue to realize such other benefits and rights under each
Company Vendor Agreement to the extent allowed by such Company Vendor Agreement
until the expiration or termination date of such rights or benefits pursuant to
the terms of such Company Vendor Agreement (including, without limitation, any
voluntary termination of such Company Vendor Agreement by the Company).  Additionally, for so long as the purchasing
or other rights remain in full force and effect under a Company Vendor
Agreement and GE continues to exercise its purchasing or other rights and
benefits under such Company Vendor Agreement and for a period of six months
thereafter, the Company shall use its commercially reasonable efforts, upon the
written request of GE, to assist GE in obtaining a purchasing contract, master
services agreement, vendor contract or similar agreement directly with the
third party provider that is a party to the Company Vendor Agreement.

 

SECTION 3.02.      Six
Sigma Programs.

 

(a)           With regard to the materials,
concepts, and methodology comprising the Six Sigma programs used by the Company
and its predecessors prior to the date hereof (the “Six Sigma Programs”),
GE, at no cost to Company, shall ensure that on and after the date hereof,
Company may continue to use the Six Sigma Programs in the same manner as used
by the Company and its predecessors prior to the date hereof (“Permitted Use”).

 

(b)           GE shall indemnify, defend and hold
harmless the Company and its directors, officers, employees and each of the
heirs, executors, successors and assigns of any of the foregoing (each a “Company
Indemnified Party”), from and against any and all Liabilities of the
Company Indemnified Parties relating to, arising out of, or resulting from, the
Permitted Use, which Liabilities relate to, arise out of, or result from,
claims or allegations relating to the Company’s right to use the Six Sigma
Programs pursuant to Section 3.02(a) hereof, and which claims or allegations
are asserted by consultants, contractors, former employees, or other Persons
who contributed to or provided such materials, concepts or methodologies to the
Six Sigma Programs.

 

11

 

ARTICLE IV

ADDITIONAL AGREEMENTS

 

SECTION 4.01.      Leases.

 

(a)           Each lease or sublease listed on Schedule C-1,
pursuant to which the Company leases or subleases real property from GE, shall
remain in full force and effect pursuant to its terms unless otherwise agreed
to in writing by the parties.

 

(b)           Each lease or sublease listed on Schedule C-2,
pursuant to which GE leases or subleases real property from the Company, shall
remain in full force and effect pursuant to its terms unless otherwise agreed
to in writing by the parties.

 

SECTION 4.02.      Computer-Based
Resources.

 

(a)           Prior to the Trigger Date, the
Company shall continue to have access to the Information Systems of GE.  On and after the Trigger Date, the Company
shall not have access to all or any part of the Information Systems of GE,
except to the extent necessary for the Company to perform the Company Services
or receive the GE Services (subject to the Company complying with all
reasonable security measures implemented by GE as deemed necessary by GE to
protect its Information Systems, provided that the Company has had a
commercially reasonable period of time in which to comply with such security
measures).

 

(b)           Prior to the Trigger Date, GE shall
continue to have access to the Information Systems of the Company.  On and after the Trigger Date, GE shall not
have access to all or any part of the Information Systems of the Company,
except to the extent necessary for GE to perform the GE Services or receive the
Company Services (subject to GE complying with all reasonable security measures
implemented by the Company as deemed necessary by the Company to protect its
Information Systems, provided that GE has had a commercially reasonable period
of time in which to comply with such security measures).

 

SECTION 4.03.      GRC
Matters.

 

(a)           GE’s Global Research Center shall
continue to provide research and development services and related consultation
to the Company for the projects set forth in Schedule D in
accordance with the terms of any existing written agreements between the
Company and GE relating thereto, which shall continue after the date hereof in
accordance with the terms of such written agreements.

 

(b)           Unless the parties specifically agree
otherwise in any such existing agreement for the projects set forth in Schedule D,
as between the parties, all deliverables pursuant to such projects and the
Intellectual Property therein created by or on behalf of GE or jointly by or on
behalf of GE and the Company (other than any such Intellectual Property or
Technology provided to GE by the Company) shall be owned by GE.  All such deliverables and Intellectual
Property therein (other than any such Intellectual Property or Technology owned
by a third party) shall be referred to herein as the “GE-Owned GRC
Intellectual Property”.  The
GE-Owned GRC Intellectual Property shall be deemed to be GE Intellectual
Property under the

 

12

 

Cross
License and licensed to Genworth and its Affiliates pursuant to the terms of
the Cross License, notwithstanding that the GE-Owned GRC Intellectual Property
(x) was not used, held for use or contemplated to be used by the Genworth Group
as of the Closing Date, (y) was not Controlled by the GE Group as of the
Closing Date or (z) may constitute Improvements made after the Closing Date.

 

(c)           For each
project listed on Schedule D, each of the Company and GE shall be solely
responsible for the costs assigned to it on Schedule D during 2004.  If, following the date hereof, the Company
desires to enter into arrangements with GE’s Global Research Center to provide
research and development services or related consultation to the Company for any
additional projects, GE and the Company shall use commercially reasonable
efforts to negotiate in good faith a contract for such services.

 

SECTION 4.04.      Consents.

 

(a)           The parties acknowledge and agree
that certain software and other licenses, consents, approvals, notices,
registrations, recordings, filings and other actions (collectively, “Consents”)
need to be obtained in connection with the Transactions.  GE shall, after consultation with the
Company, either directly pay the out-of-pocket costs incurred to obtain,
perform or otherwise satisfy each Consent or after any such Consent is
obtained, performed or otherwise satisfied, reimburse the Company for all
actual, out-of-pocket costs incurred by the Company and related to such
Consent; provided, however, that GE’s payment and reimbursement
obligations under this Section 4.04(a) and Section 4.5 of the European
Transition Services Agreement shall not exceed, in the aggregate, the Total
Consent Cost Amount.  GE shall be solely responsible for paying any
costs or fees in connection with any Consents with respect to the Company
Services or with respect to any agreements to be assigned to GE pursuant to the
Master Agreement, and any such costs or fees shall not be included in
the Total Consent Cost Amount.

 

(b)           Prior to receiving any reimbursement
for its actual, out-of-pocket costs pursuant to Section 4.04(a) above, the
Company shall provide GE with an invoice accompanied by reasonably detailed
data and documentation sufficient to evidence the out-of-pocket expenses for which
the Company is seeking reimbursement. 
Upon receipt of such invoice and data and documentation, GE shall,
except as otherwise provided in Section 4.04(a), pay the amount of such invoice
to the Company within 30 days of the date of receipt of such invoice.  If GE in good faith disputes the invoiced
amount, then the parties shall work together to resolve such dispute.  If the parties are unable to resolve such
dispute, the dispute shall be resolved pursuant to Section 8.02.  The parties acknowledge and agree that no
prior approval from GE shall be required for the Company to seek any
reimbursement pursuant to Section 4.04(a) and this Section 4.04(b).

 

SECTION 4.05.      Access.

 

(a)           The Company will allow GE and its
Representatives reasonable access to the facilities of the Company necessary
for the performance of the GE Services listed on Schedule A and Schedule
A-1 for GE to fulfill its obligations under this Agreement.

 

13

 

(b)           GE will allow the Company and its
Representatives reasonable access to the facilities of GE necessary for the
performance of the Company Services listed on Schedule B for the
Company to fulfill its obligations under this Agreement.

 

SECTION 4.06.      Management
Consulting Services.

 

(a)           For a period of sixty (60) months
from the date hereof, subject to the payment by GE of the amount specified in
Section 4.06(e) below and upon the reasonable, prior written request of GE, the
Company will make such appropriate members of its senior management team
reasonably available to provide the services described on Schedule E
(the “Management Consulting Services”).

 

(b)           GE and the Company will mutually
agree on the schedule for delivery of the Management Consulting Services.  The schedule will be based on (i) the GE and
Company corporate calendars, (ii) the GE and Company functional calendars,
(iii) GE’s requests, and (iv) GE’s and the Company’s shared customer
requests.  The parties will reasonably
work together to accommodate each other’s specific needs regarding meeting
logistics, including method, travel, time, and notice.  For avoidance of doubt, schedule conflicts
shall not constitute a breach of this Agreement.

 

(c)           The Company will make reasonable
efforts to accommodate GE’s requests; provided  however, each
participating Company employee shall not be required to spend any more time
than the time spent in similar activities in the calendar year immediately
preceding the date hereof.  Meeting and
other service requests may be submitted by GE and will be considered complete
and proper if (i) presented at least one week in advance of any required
meeting or such shorter time period as agreed to by the parties, (ii)
accompanied by an agenda or a detailed listing of services requested and/or any
materials requiring preparation by the Company.  If prepared materials by the Company are requested, then the
Company, at its sole discretion, may request additional lead time adequate to
prepare the materials.

 

(d)           The Management Consulting Services
shall be in addition to the Company’s obligations pursuant to Section 2.01(h)
and 2.02(b) of this Agreement.  In
connection with providing the Management Consulting Services and unless
otherwise agreed to by the Company, the Company shall not be required to provide
any service that would (i) require the disclosure to GE of Company trade secret
information or other information that provides the Company a significant
competitive advantage, or (ii) require the Company to violate any
attorney-client privilege or otherwise lose the protection of other privileged
information.  In addition, the Company
shall not be required to provide any Management Consulting Services whenever
the Company’s and GE’s interests related to such Management Consulting Services
are in conflict.

 

(e)           In consideration of the availability
and/or receipt of the Management Consulting Services, GE shall pay the Company
the following amounts:  (i) $1 million
per month during the forty-eight (48) month period beginning on the date
hereof; and (ii) $500,000 per month thereafter until the termination of the
Company’s obligation to provide the Management Consulting Services.  Each such monthly payment shall be payable
in arrears within thirty (30) days following the last day of the month to which
such payment relates.  GE shall also
reimburse

 

14

 

the
Company’s reasonable out-of-pocket costs and expenses incurred in connection
with the provision of the Management Consulting Services, including, but not
limited to, travel and lodging expenses.

 

(f)            Notwithstanding anything herein to
the contrary, GE acknowledges and agrees that the Management Consulting
Services are provided as-is, that GE assumes all risks and liability arising
from or relating to its use of and reliance upon the Management Consulting
Services and the Company makes no warranty with respect thereto.  THE COMPANY HEREBY EXPRESSLY DISCLAIMS ALL
WARRANTIES REGARDING THE MANAGEMENT CONSULTING SERVICES, WHETHER EXPRESS OR
IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY IN REGARD TO QUALITY,
PERFORMANCE, NONINFRINGEMENT, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS OF
THE MANAGEMENT CONSULTING SERVICES FOR A PARTICULAR PURPOSE.

 

(g)           Notwithstanding the provisions of
Articles VI and VII, neither the Company nor any of its directors, officers,
employees, or any of the heirs, executors, successors or assigns of any of the
foregoing shall have any liability in contract, tort or otherwise to GE, its
Affiliates or Representatives for or in connection with the Management
Consulting Services.

 

(h)           GE and the Company acknowledge and
agree that (i) Articles VI and VII of this Agreement shall not apply to this
Section 4.06 or the Management Consulting Services and (ii) notwithstanding
Section 10.10 of this Agreement, under no circumstances shall the Company be
obligated to provide the Management Consulting Services to a GE Divested Unit.

 

ARTICLE V

COSTS AND DISBURSEMENTS; PAYMENTS

 

SECTION 5.01.      Costs
and Disbursements; Payments.

 

(a)           Schedules A, A-1 and B
hereto set forth with respect to each Service to be provided a description of
the charges (the “Service Charges”) for such Service or the basis for
the determination thereof.  During the
24-month period following the date of this Agreement, notwithstanding the
Service Charges set forth on Schedule B, the aggregate Service
Charges payable by GE to the Company shall,  subject to reduction
following termination of any Company Service pursuant to Section 9.01(a)(ii) or
Section 9.01(a)(iii), be equal to $40 million, and such aggregate amount
shall be paid by GE to the Company in eight equal quarterly installments
payable on each March 31, June 30, September 30 and December 31 during such
24-month period.  At the time of each quarterly payment, GE
also shall pay the Service Charges for the Company Services provided with
respect to the GEFAHI Divested Companies as identified on Schedule B in
the three months ending on the date the quarterly payment is due for so long as
such Company Services are rendered. 
Further, in connection with performance of the Services and in
connection with the Undertakings, the Provider may incur certain out-of-pocket
costs (the “Other Costs”), which shall, without duplication, either be
paid directly by the Recipient or reimbursed to the Provider by the Recipient; provided
that any Other Costs shall only be payable by the Company or GE, as the case
may be, in accordance with this Section 5.01(a) if (i) such Other Costs
have been authorized in writing by the Company Services

 

15

 

Manager
(if the Company is the Recipient) or the GE Services Manager (if GE is the
Recipient) prior to having been incurred by the Provider and (ii) the Recipient
receives from the Provider reasonably detailed data and other documentation
sufficient to support the calculation of amounts due to the Provider as a
result of such Other Costs.

 

(b)           Notwithstanding the Service Charges set forth in Schedule A with
respect to the Company’s use of GE’s U.S. shared data center services
supporting GE’s U.S. businesses, GE shall reduce the Service Charges with
respect to such services by $2 million per quarter for a period of two years
from the date hereof.

 

(c)           Except with respect to Service
Charges for the provision of the Company Services during the 24-month period
referenced in Section 5.01(a):

 

(i)            Prior to the Trigger Date, the
Provider and Recipient shall arrange for the payment of all Service Charges and
Other Costs through the GE Internal Billing System (“IBS”).  The Recipient shall have the right to
dispute any Service Charges and Other Costs settled through the IBS during any
calendar quarter by delivering written notice of such dispute, setting forth in
reasonable detail the basis therefor, to the Provider within, and no later
than, 60 days after the end of such quarter. 
As soon as practicable after receipt of any such notice, the Provider
shall provide the Recipient with reasonably detailed data and documentation
sufficient to support the calculation of any Service Charges and Other Costs
that are the subject of the dispute.  If
the Provider’s furnishing of such information does not promptly resolve such
dispute, the dispute shall be resolved pursuant to Section 8.02.

 

(ii)           From and after the Trigger Date, the
Provider shall deliver an invoice to the Recipient on a monthly basis (or at
such other frequency as is consistent with the basis on which the Service
Charges are determined and, if applicable, charged to Affiliates of the
Provider) in arrears for the Service Charges and any Other Costs due to the
Provider under this Agreement.  The
Recipient shall pay the amount of such invoice to the Provider in U.S. dollars
within seventy-five (75) days of the date of such invoice, provided
that, to the extent consistent with past practice with respect to Services
rendered outside the United States, payments may be made in local
currency.  If the Recipient fails to pay
such amount (excluding any amount contested in good faith) by such date, the
Recipient shall be obligated to pay to the Provider, in addition to the amount
due, interest on such amount at the lesser of (i) the three (3) month London
Interbank Offered Rate (LIBOR) plus 100 basis points or (ii) the maximum rate
of interest allowed by applicable law, from the date the payment was due
through the date of payment.  As soon as
practicable after receipt by the Provider of any reasonable written request by
the Recipient, the Provider shall provide the Recipient with reasonably detailed
data and documentation sufficient to support the calculation of any amount due
to the Provider under this Agreement for the purpose of verifying the accuracy
of such calculation.  If, after
reviewing such data and documentation, the Recipient disputes the Provider’s
calculation of any amount due to the Provider, then the dispute shall be
resolved pursuant to Section 8.02.

 

16

 

ARTICLE VI

STANDARD FOR SERVICE; COMPLIANCE WITH LAWS

 

SECTION 6.01.      Standard
for Service.  Except as otherwise provided
in this Agreement (including in Schedules A, A-1 and B
hereto), the Provider agrees to perform the Services such that the nature,
quality, standard of care and the service levels at which such Services are
performed are no less than the nature, quality, standard of care and service
levels at which the substantially same services were performed by or on behalf
of the Provider during the most recent service period prior to the date hereof
in which such services were performed by or on behalf of the Provider in the
ordinary course (the “Standard for Services”).

 

SECTION 6.02.      Compliance
with Laws.  Each of GE and the
Company shall comply with all applicable Laws when providing or receiving the
Services or when performing obligations under this Agreement.

 

ARTICLE VII

INDEMNIFICATION; LIMITATION ON LIABILITY

 

SECTION 7.01.      Limited
Liability of a Provider. 
Notwithstanding the provisions of Section 6.01, no Provider or its
Affiliates or any of their respective directors, officers or employees, or any
of the heirs, executors, successors or assigns of any of the foregoing (each, a
“Provider Indemnified Party”), shall have any liability in contract,
tort or otherwise to the Recipient or its Affiliates or Representatives for or
in connection with (i) any Services rendered or to be rendered by any Provider
Indemnified Party pursuant to this Agreement, (ii) the transactions
contemplated by this Agreement or (iii) any Provider Indemnified Party’s
actions or inactions in connection with any such Services or transactions; provided,
however, that such limitation on liability shall not extend to or
otherwise limit any Liabilities that have resulted directly from such Provider
Indemnified Party’s (A) gross negligence or willful misconduct, (B) improper
use or disclosure of information of, or regarding, a customer or potential
customer of a Recipient Indemnified Party (defined below) or (C) violation of
applicable Law.

 

SECTION 7.02.      Indemnification
by Each Provider.  Each Provider
shall indemnify, defend and hold harmless each relevant Recipient and each of
its Subsidiaries and each of their respective directors, officers and
employees, and each of the heirs, executors, successors and assigns of any of
the foregoing (each a “Recipient Indemnified Party”), from and against
any and all Liabilities of the Recipient Indemnified Parties relating to,
arising out of, or resulting from (i) the gross negligence or willful
misconduct of a Provider Indemnified Party in connection with the transactions
contemplated by this Agreement or such Provider Indemnified Party’s provision
of the Services, (ii) the improper use or disclosure of information of, or
regarding, a customer or potential customer of a Recipient Indemnified Party in
connection with the transactions contemplated by this Agreement or such
Provider Indemnified Party’s provision of the Services, or (iii) any violation
of applicable Law by a Provider Indemnified Party in connection with the
transactions contemplated by this Agreement or such Provider Indemnified
Party’s provision of the Services; provided, that (1) the aggregate
liability of GE as a Provider

 

17

 

pursuant
to this Article VII shall in no event exceed $15 million and (2) the aggregate
liability of the Company as a Provider pursuant to this Article VII shall in no
event exceed $10 million.

 

SECTION 7.03.      Indemnification
by Each Recipient.  Each Recipient
shall indemnify, defend and hold harmless each relevant Provider Indemnified
Party from and against any and all Liabilities of the Provider Indemnified
Parties relating to, arising out of, or resulting from the provision of the
Services by any Provider or any of its Subsidiaries, except for (A) any
Liabilities that result from a Provider Indemnified Party’s negligence in
connection with the provision of the Services, (B) any Liabilities that result
from a Provider Indemnified Party’s breach of this Agreement or (C) any
Liabilities for which the Provider is required to indemnify a Recipient Indemnified
Party pursuant to Section 7.02.

 

SECTION 7.04.      Indemnification
Procedures.  The matters set forth
in Sections 5.6 through 5.9 of the Master Agreement shall be deemed
incorporated into, and a made a part of, this Agreement.

 

SECTION 7.05.      Limitation
on Liability.  Notwithstanding any
other provision contained in this Agreement, neither GE on the one hand, nor
the Company, on the other hand, shall be liable to the other for any special,
indirect, punitive, incidental or consequential losses, damages or expenses of
the other, including, without limitation, loss of profits, arising from any
claim relating to breach of this Agreement or otherwise relating to any of the
Services or Undertakings provided hereunder. 
For clarification purposes only, the parties hereto agree that the
limitation on liability contained in this Section 7.05 shall not apply to
(a) damages awarded to a third party pursuant to a third party claim for which
a Provider is required to indemnify, defend and hold harmless any Recipient
Indemnified Party under Section 7.02 and (b) damages awarded to a third
party pursuant to a third party claim for which a Recipient is required to
indemnify, defend and hold harmless any Provider Indemnified Party under
Section 7.03.

 

SECTION 7.06.      Liability
for Payment Obligations.  Nothing in
this Article VII shall be deemed to eliminate or limit, in any respect, GE or
the Company’s express obligation in this Agreement to pay or reimburse, as
applicable, for (i) Service Charges for Services rendered in accordance with
this Agreement, (ii) Other Costs, (iii) the Total Consent Cost Amount, (iv) the
Total Conversion Cost Amount, (v) amounts in respect of the Management
Consulting Services, (vi) amounts with respect to any custom modification
provided pursuant to Sections 2.01(c) and (d) (Services; Scope), (vii) amounts
in respect of conversion services provided pursuant to Section 2.02 (Conversion
Services), (viii) amounts payable or reimbursable pursuant to the terms of the
leases referred to in Section 4.01 (Leases), (ix) amounts payable or
reimbursable pursuant to Section 4.03 (GRC Matters) and the terms of the
existing written agreements referenced therein, (x) amounts payable or
reimbursable pursuant to Section 10.03(b) (Books and Records), (xi) amounts
payable or reimbursable pursuant to Section 10.06 (Taxes), (xii) amounts
payable or reimbursable pursuant to Section 10.07 (Regulatory Approval and
Compliance), and (xiii) amounts payable or reimbursable pursuant to Section
10.10 (Assignment; No Third Party Beneficiaries).

 

SECTION 7.07.      Exclusions.  This Article VII shall not apply to or limit
any liability or obligation of GE under Sections 3.02(a) and (b).

 

18

 

ARTICLE VIII

DISPUTE RESOLUTION

 

SECTION 8.01.      Applicable
Law.  This Agreement shall be
governed by and construed and interpreted in accordance with the Laws of the
State of New York irrespective of the choice of Laws principles of the State of
New York other than Section 5-1401 of the General Obligations Law of the State
of New York.

 

SECTION 8.02.      Dispute
Resolution.  To the extent not
resolved through discussions between the GE Services Manager and the Company
Services Manager, any dispute, controversy or claim arising out of, or relating
to this Agreement shall be resolved in accordance with Article VII of the
Master Agreement.

 

ARTICLE IX

TERMINATION

 

SECTION 9.01.      Termination.

 

(a)           The term of this Agreement shall
commence on the date hereof and expire on the first date on which neither GE
nor the Company has any further obligations to provide a Service, perform an
Undertaking (excluding the obligations set forth in Section 3.02) or
perform or pay for the Management Consulting Services.  This Agreement shall terminate with respect
to each Service and Undertaking on the applicable Service Termination Date or
other termination date specified in this Agreement or the Schedules
hereto.  In addition: (i) a Recipient
may from time to time terminate any Service, in whole and not in part, upon
giving at least sixty (60) days’ (or such shorter period of time as is mutually
agreed upon in writing by the parties) prior written notice to the Provider
specifying which Service is being so terminated (such termination will not in
any way affect the obligations of the party terminating this Agreement with
respect to such Service to continue to receive all other Services not so
terminated and to continue to provide Services as required by this Agreement); provided,
however, that GE may not exercise this termination right during the
24-month period commencing on the date hereof; (ii) either party (the “Non-Breaching
Party”) may terminate this Agreement with respect to any Service, in whole
but not in part, at any time upon prior written notice by the Non-Breaching
Party to the other party (the “Breaching Party”) if the Breaching Party
has failed to perform any of its material obligations under this Agreement
relating to such Service, and such failure shall have continued without cure
for a period of sixty (60) days after receipt by the Breaching Party of a
written notice of such failure from the Non-Breaching Party seeking to
terminate such Service; provided,  however, that no Service may be
terminated pursuant to this clause (ii) until the parties have completed the
dispute resolution process set forth in Section 7.2 of the Master
Agreement with respect to such Service; and (iii) the parties may from time to
time mutually agree to terminate any Service, in whole but not in part, provided
that any such agreement to terminate a Service shall comply with Section 10.11
and include all terms and conditions applicable to termination of the Service
to be terminated.

 

19

 

(b)           In addition to and not in limitation
of the rights and obligations set forth in Section 2.01(h), upon the
request of the Recipient of a Service, (i) the Provider of such Service will,
during the term of this Agreement during which such Provider is providing such
Service to the Recipient, cooperate with the Recipient and use its good faith,
commercially reasonable efforts to assist the transition of such Service to the
Recipient (or Affiliate of the Recipient or such third-party vendor designated
by the Recipient) by the Service Termination Date for such Service and (ii) the
Provider of such Service will, for a reasonable period of time after the
effective date of any termination (which shall not exceed the earlier of (1)
the applicable Service Termination Date set forth on Schedule A, Schedule A-1,
or Schedule B and (2) six months after the effective date of
termination) of any such Service pursuant to clause (ii) of Section 9.01(a),
(A) at the written request of the Recipient, continue to provide the terminated
Service (subject to the timely payment, when due and payable, by the Recipient
of all Service Charges related to such terminated Service) and (B) cooperate
with the Recipient and use its good faith, commercially reasonable efforts to
assist the transition of such Service to the Recipient (or Affiliate of the
Recipient or such third-party vendor designated by the Recipient) as soon as
reasonably practicable.  The Service
Charges for a terminated Service that is continuing to be provided pursuant to
clause (ii)(A) of the preceding sentence shall be the same as were in effect
prior to the termination of such Service.

 

SECTION 9.02.      Effect
of Termination.  Except with respect
to any Service that is continuing to be provided pursuant to clause (ii)(A) of
Section 9.01(b) after the termination of such Service, upon termination or
expiration of any Service or Undertaking pursuant to this Agreement, the
relevant Provider will have no further obligation to provide the terminated
Service or expired Undertaking, and the relevant Recipient will have no
obligation to pay any future Service Charges or Other Costs relating to any
such Service or Undertaking (other than for or in respect of Services or
Undertakings provided in accordance with the terms of this Agreement and
received by such Recipient prior to such termination).  Upon termination of this Agreement in
accordance with its terms, no Provider will have any further obligation to
provide any Service or Undertaking, and no Recipient will have any obligation
to pay any Service Charges or Other Costs relating to any Service or
Undertaking or make any other payments under this Agreement (other than for or
in respect of Services or Undertakings received by such Recipient prior to such
termination).

 

SECTION 9.03.      Survival.  Sections 3.02(a) and (b) (Six Sigma
Programs), Section 4.01 (Leases), Section 4.02 (Computer-Based Resources),
Sections 4.06(c) and (d) (Management Consulting Services), Article V
(Costs and Disbursements), Article VII (Indemnification; Limitation on Liability),
Article VIII (Dispute Resolution), Section 9.02 (Effect of
Termination), Section 9.03 (Survival), and Article X (General
Provisions) shall survive the expiration or other termination of this Agreement
and remain in full force and effect.

 

SECTION 9.04.      Business
Continuity; Force Majeure.

 

(a)           Each of GE and the Company shall
maintain and comply with reasonable disaster recovery, crisis management and
business continuity plans and procedures designed to help ensure that it can
continue to provide the Services in accordance with this Agreement in the event
of a disaster or other significant event that might otherwise impact its
operations.  Upon the written request of
a Recipient, a Provider shall (i) disclose to the Recipient the Provider’s 

 

20

 

disaster
recovery, crisis management and business continuity plans and procedures
applicable to a Service and (ii) permit the Recipient to participate in testing
of such disaster recovery, crisis management and business continuity plans and
procedures, in each case so that the Recipient may assess such plans and
procedures and develop or modify its own such plans and procedures in
connection with the Service as Recipient reasonably deems necessary.

 

(b)           No party hereto (or any Person acting
on its behalf) shall have any liability or responsibility for failure to
fulfill any obligation (other than a payment obligation) under this Agreement
so long as and to the extent to which the fulfillment of such obligation is
prevented, frustrated, hindered or delayed as a consequence of circumstances of
Force Majeure; provided that such party shall have exhausted the
procedures described in its disaster recovery, crisis management, and business
continuity plan.  A party claiming the
benefit of this provision shall, as soon as reasonably practicable after the
occurrence of any such event:  (i)
notify the other party of the nature and extent of any such Force Majeure
condition and (ii) use commercially reasonable efforts to remove any such
causes and resume performance under this Agreement as soon as feasible.

 

ARTICLE X

GENERAL PROVISIONS

 

SECTION 10.01.      Independent
Contractors.  In providing Services
hereunder, the Provider shall act solely as independent contractor and nothing
in this Agreement shall constitute or be construed to be or create a
partnership, joint venture, or principal/agent relationship between the
Provider, on the one hand, and the Recipient, on the other.  All Persons employed by the Provider in the
performance of its obligations under this Agreement shall be the sole
responsibility of the Provider.

 

SECTION 10.02.      Subcontractors.  Any Provider may hire or engage one or more
subcontractors to perform any or all of its obligations under this Agreement; provided
that such Provider shall in all cases remain responsible for all its
obligations under this Agreement, including, without limitation, with respect
to the scope of the Services, the Standard for Services and the content of the
Services provided to the Recipient. 
Under no circumstances shall any Recipient be responsible for making any
payments directly to any subcontractor engaged by a Provider.

 

SECTION 10.03.      Additional
Services; Books and Records.

 

(a)           If, during the term of this
Agreement, any party hereto identifies a need for additional or other
transition services to be provided by or on behalf of the Company or GE, the
parties hereto agree to negotiate in good faith to provide such requested
services (provided that such services are of a type generally provided by the
relevant Provider at such time) and the applicable service fees, payment
procedures, and other rights and obligations with respect thereto.  To the extent practicable, such additional
or other services shall be provided on terms substantially similar to those
applicable to Services of similar types and otherwise on terms consistent with
those contained in this Agreement.  If,
during the 24-month period commencing on the date hereof, GE identifies a need
for an additional transition service to be provided by or

 

21

 

on
behalf of the Company and such service has, in the ordinary course, been
provided by the Company to GE prior to the date hereof, then GE shall not be
required to pay any additional consideration to the Company to receive such
service, and the Company shall be deemed to be compensated for such service by
means of the payment by GE to the Company of the amount set forth in the second
sentence of Section 5.01(a).

 

(b)           All books, records and data
maintained by a Provider for a Recipient with respect to the provision of a
Service to such Recipient shall be the exclusive property of such
Recipient.  The Recipient, at its sole
cost and expense, shall have the right to inspect, and make copies of, any such
books, records and data during regular business hours upon reasonable advance
notice to the Provider.  At the sole
cost and expense of the Provider, upon termination of the provision of any
Service, the relevant books, records and data relating to such terminated
Service shall be delivered by the Provider to the Recipient in a mutually
agreed upon format to the address of the Recipient set forth in Section 10.05
or any other mutually agreed upon location; provided, however,
that the Provider shall be entitled to retain one copy of all such books,
records and data relating to such terminated Service for archival purposes and
for purposes of responding to any dispute that may arise with respect thereto.

 

SECTION 10.04.      Confidential
Information.  Genworth agrees to
maintain and safeguard all GE Confidential Information pursuant to
Section 6.2 of the Master Agreement and GE agrees to maintain and
safeguard all Genworth Confidential Information pursuant to Section 6.2 of
the Master Agreement, and each party hereto agrees that Section 6.2 of the
Master Agreement is hereby incorporated by reference into, and a made a part
of, this Agreement.  If any Provider in
connection with the provision of a Service, or the Company in connection with
the provision of any Management Consulting Service, constitutes a Business
Associate (as defined in HIPAA and/or the HIPAA Privacy Rule) and uses
Recipient’s, or in the case of the Management Consulting Services, GE’s,
Protected Health Information (as defined in HIPAA and/or the HIPAA Privacy
Rule), then the terms of Schedule F shall apply with respect to such
Service or Management Consulting Service.

 

SECTION 10.05.      Notices.  All notices, requests, claims, demands and
other communications under this Agreement shall be in writing and shall be
given or made (and shall be deemed to have been duly given or made upon
receipt) by delivery in person, by overnight courier service, by facsimile with
receipt confirmed (followed by delivery of an original via overnight courier
service) or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses (or at such
other address for a party as shall be specified in a notice given in accordance
with this Section 10.05):

 

(a)           if to GE:

 

General Electric Capital Corporation

260 Long Ridge Road

Stamford, CT  06927

Attention:  General Counsel

 

22

 

with a copy to:

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY  10153

Attention:  Howard Chatzinoff, Esq.

 

if to the Company:

Genworth Financial, Inc.

6620 West Broad Street

Richmond, VA 23230

Attention:  General Counsel

 

with a copy to:

Hunton & Williams LLP

Riverfront Plaza, East Tower

951 E. Byrd Street

Richmond, VA 23219-4074

Attention:  Allen C. Goolsby, Esq.

 

SECTION 10.06.      Taxes.

 

(a)           Each party shall be responsible for
any personal property taxes on property it owns or leases, for franchise and
privilege taxes on its business, and for taxes based on its net income or gross
receipts.

 

(b)           Each Recipient may report and (as
appropriate) pay any sales, use, excise, value-added, services, consumption,
and other taxes and duties (“Taxes”) directly if the Recipient provides
the applicable Provider with a direct pay or exemption certificate.

 

(c)           A Provider shall promptly notify the
applicable Recipient of, and coordinate with the Recipient the response to and
settlement of, any claim for Taxes asserted by applicable taxing authorities
for which the Recipient is alleged to be financially responsible
hereunder.  Notwithstanding the above,
the Recipient’s liability for such Taxes is conditioned upon the Provider
providing the Recipient notification within ten (10) business days of receiving
any proposed assessment of any additional Taxes, interest or penalty due by the
Provider.

 

(d)           Each Recipient shall be entitled to
receive and to retain any refund of Taxes paid to a Provider pursuant to this
Agreement.  In the event a Provider
shall be entitled to receive a refund of any Taxes paid by a Recipient to the
Provider, the Provider shall promptly pay, or cause the payment of, such refund
to the Recipient.

 

(e)           Each of the parties agrees that if
reasonably requested by the other party, it will cooperate with such other
party to enable the accurate determination of such other party’s tax liability
and assist such other party in minimizing its tax liability to the extent
legally permissible.  The Provider’s
invoices shall separately state the amounts of any Taxes the Provider is
proposing to collect from the Recipient.

 

23

 

SECTION 10.07.      Regulatory
Approval and Compliance.  Each of GE
and the Company shall be responsible for its own compliance with any and all
Laws applicable to its performance under this Agreement; provided, however,
that each of GE and the Company shall, subject to reimbursement of
out-of-pocket expenses by the requesting party, cooperate and provide one
another with all reasonably requested assistance (including, without
limitation, the execution of documents and the provision of relevant
information) required by the requesting party to ensure compliance with all
applicable Laws in connection with any regulatory action, requirement, inquiry or
examination related to this Agreement or the Services.

 

SECTION 10.08.      Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced under any Law or
as a matter of public policy, all other conditions and provisions of this
Agreement shall nevertheless remain in full force and effect.  Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
to this Agreement shall negotiate in good faith to modify this Agreement so as
to effect the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent
possible.

 

SECTION 10.09.      Entire
Agreement.  Except as otherwise
expressly provided in this Agreement, this Agreement (including the Schedules
hereto) constitutes the entire agreement of the parties hereto with respect to
the subject matter of this Agreement and supersedes all prior agreements and
undertakings, both written and oral, between or on behalf of the parties hereto
with respect to the subject matter of this Agreement.

 

SECTION 10.10.      Assignment;
No Third-Party Beneficiaries.  This
Agreement shall not be assigned by any party hereto without the prior written
consent of the other party; provided, however, that (i) in the
event the Company sells all or part of the Genworth Business (a “Genworth
Divested Unit”) to a third party, GE shall remain obligated to continue to
provide GE Services to such Genworth Divested Unit (but not otherwise to such
third party acquirer) to the extent it was providing such GE Services
immediately prior to such divestiture, pursuant to the terms of this Agreement,
unless otherwise agreed upon by the parties hereto, (ii) in the event GE sells
all or part of the Retained Businesses (a “GE Divested Unit”) to a third
party, the Company shall remain obligated to continue to provide Company
Services to such GE Divested Unit (but not otherwise to such third party
acquirer) to the extent it was providing such Company Services immediately
prior to such divestiture, pursuant to the terms of this Agreement, unless
otherwise agreed upon by the parties hereto, (iii) in the event the Company
acquires a business or portion thereof by merger, stock purchase, asset
purchase, reinsurance or other means (a “Genworth Acquired Unit”), then
GE shall be obligated to provide the GE Services to such Genworth Acquired
Unit, to the extent applicable, pursuant to the terms of this Agreement, unless
otherwise agreed upon by the parties hereto; provided, however,
that in the event that the acquisition of a Genworth Acquired Unit results in a
change in the volume or quantity of any GE Service which thereby causes a
material increase in GE’s cost to provide such GE Service, then the parties
hereto shall negotiate in good faith and use their commercially reasonable
efforts to agree upon a mutually agreeable price adjustment for such GE Service
to compensate GE for such increased costs, and (iv) in the event GE acquires a
business that engages in a business of the type engaged in by the Retained
Businesses (a “GE Acquired Unit”), then the Company shall be obligated
to provide the Company Services to such GE Acquired

 

24

 

Unit,
to the extent applicable, pursuant to the terms of this Agreement, unless
otherwise agreed upon by the parties hereto; provided, however,
that in the event that the acquisition of a GE Acquired Unit results in a
change in the volume or quantity of any Company Service which thereby causes a
material increase in the Company’s cost to provide such Company Service, then
the parties hereto shall negotiate in good faith and use their commercially
reasonable efforts to agree upon a mutually agreeable price adjustment for such
Company Service to compensate the Company for such increased costs.  Nothing in clause (iv) of the preceding
sentence shall be deemed to waive any party’s rights or relieve or otherwise
satisfy any party’s obligations under Section 6.12 of the Master
Agreement.  Notwithstanding the
foregoing, GE’s obligation to provide Services to a Genworth Divested Unit and
the Company’s obligation to provide Services to a GE Divested Unit shall be
subject to (A) at the sole discretion of the Provider of the Services, the
implementation of new Service Charges (solely with respect to Services to be
provided to such Divested Unit) proposed by the Provider of such Services that
are consistent with applicable market rates for such Services; (B) the seller
of such Divested Unit or the third party purchaser of such Divested Unit
agreeing to pay, or cause to be paid, any incremental fees or expenses incurred
by the Provider in connection with establishing or transitioning the provision
of such Services to the third party; (C) obtaining any consents that are
necessary to enable the Provider to provide the Services to the third party; provided,
that GE and the Company shall each use commercially reasonable efforts to
obtain any such consents; (D) the third party purchaser of such Divested Unit
agreeing to any reasonable security measures implemented by the Provider in
providing the Services as deemed necessary by the Provider to protect its Information
Systems; and (E) the third party purchaser of such Divested Unit agreeing in
writing to be bound by all applicable provisions of this Agreement.  Except as provided in Article VII with
respect to Provider Indemnified Parties and Recipient Indemnified Parties, this
Agreement is for the sole benefit of the parties to this Agreement and their
permitted successors and assigns and nothing in this Agreement, express or
implied, is intended to or shall confer upon any other Person any legal or
equitable right, benefit or remedy of any nature whatsoever under or by reason
of this Agreement.

 

SECTION 10.11.      Amendment.  No provision of this Agreement may be
amended or modified except by a written instrument signed by all the parties to
such agreement.  No waiver by any party
of any provision hereof shall be effective unless explicitly set forth in
writing and executed by the party so waiving. 
The waiver by either party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a waiver of any other subsequent
breach.

 

SECTION 10.12.      Rules
of Construction.  Interpretation of
this Agreement shall be governed by the following rules of construction:  (a) words in the singular shall be held to
include the plural and vice versa and words of one gender shall be held to
include the other gender as the context requires, (b) references to the terms
Article, Section, paragraph, and Schedule are references to the Articles,
Sections, paragraphs, and Schedules to this Agreement unless otherwise
specified, (c) the word “including” and words of similar import shall mean
“including, without limitation,” (d) provisions shall apply, when appropriate,
to successive events and transactions, (e) the headings contained herein are
for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement and (f) this Agreement shall be construed
without regard to any presumption or rule requiring construction or
interpretation against the party drafting or causing any instrument to be
drafted.  Unless

 

25

 

specifically
stated in the Master Agreement that a particular provision of the Master
Agreement should be given effect in lieu of a conflicting provision in this
Agreement, to the extent that any provision contained in this Agreement
conflicts with, or cannot logically be read in accordance with, any provision
of the Master Agreement, the provision contained in this Agreement shall
prevail.

 

SECTION 10.13.      Counterparts.  This Agreement may be executed in one or
more counterparts, and by the different parties to each such agreement in
separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same
agreement.  Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be as
effective as delivery of a manually executed counterpart of any such Agreement.

 

SECTION 10.14.      No
Right to Set-Off.  The Recipient
shall pay the full amount of costs and disbursements including Other Costs
incurred under this Agreement, and shall not set-off, counterclaim or otherwise
withhold any other amount owed to the Provider on account of any obligation
owed by the Provider to the Recipient.

 

[SIGNATURE PAGE FOLLOWS]

 

26

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be executed on the date first written above by their respective
duly authorized officers.

 

	
   

  	
  GENERAL ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC CAPITAL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GE FINANCIAL ASSURANCE HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GEI, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GNA CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

27

 

	
   

  	
  GE ASSET MANAGEMENT INCORPORATED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC MORTGAGE
  HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

28

 

SCHEDULE A

 

GE
SERVICES

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  Finance and Related
  Services 

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.                      Web
  Cash Banking  

  The Company will continue to have access to and use of GE’s Web Cash Banking
  Application for data feeds, including General Ledger interface.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed the 2003 rates.

  	
   

  	
  The earlier of
  the date on which GE’s ownership interest in the Company drops below 30% or
  the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.                      Cash
  Banking (Europe, Canada and Australia)

  The Company will continue to have access to and use of GE’s Gateway Cash
  Banking Application

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed the 2003 rates.

  	
   

  	
  The earlier of
  the date on which GE’s ownership interest in the Company drops below 30% or
  the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.                      Bank
  Account Administration (Global)

  The Company will continue have access to and use of GE’s BAAS system for the
  establishment of bank accounts. 
  Country specific bank accounts established through GE arrangements
  will be maintained (e.g., various European countries)

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed the 2003 rates.

  	
   

  	
  The earlier of
  the date on which GE’s ownership interest in the Company drops below 30% or
  the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.                      Treasury
  BRM (Global)

  The Company will continue to have access to and use of GE’s BRM (Weiland)
  system, which is managed by GE’s Treasury Department.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed the 2003 rates.

  	
   

  	
  The earlier of
  the date on which GE’s ownership interest in the Company drops below 30% or
  the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.                      Tax
  Systems (Global)

  The Company will continue to have access to, and receive data and technical
  support from, all of GE’s Tax Systems, including, but not limited to, DCS,
  VantageTax(tm), GHOST, FIR, GTAS, STARS (and STARS Package), VFR, GOLD, DST
  (disclosure statement tool), PTS (partnership tracking system), 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11). Unit costs will not exceed the 2004 rates.

  	
   

  	
  The earlier of
  the Trigger Date +6 months or the completion of the Company’s transition.

  

 

29

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  OSCAR (state tax calendar) and other
  systems.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.                      State
  Tax Compliance (US)

  GE will continue to provide state and local income and franchise tax services
  including the preparation and the filing of all of the state local income and
  franchise tax returns consistent with past practice by GE.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11).  Unit costs
  will not exceed the 2004 rates.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.                      State
  Tax Planning (US)

  GE will continue to provide state and local tax consulting services
  consistent with past practice by GE.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11).  Unit costs
  will not exceed the 2004 rates.

  	
   

  	
  The earlier of the
  Trigger Date or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.                      U.S.
  Tax Compliance (US)

  GE will continue to provide federal tax services including the access to the
  tax return software which includes the functionality for the preparation and
  the filing of all U.S. federal tax returns consistent with past practice by
  GE.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11). Unit costs will not exceed the 2004 rates.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.                      U.S.
  Tax Planning (US)

  GE will continue to provide federal tax consulting services consistent with
  past practice by GE.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11).  Unit costs
  will not exceed the 2004 rates.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.                Non-U.S. Tax
  Compliance (Global)

  GE will continue to provide global tax services including the preparation and
  the filing of non-U.S. tax returns consistent with past practice by GE.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all
  items that are related to tax services in this Schedule A of this
  Agreement (item #’s 5-11).  Unit costs
  will not exceed the 2004 rates.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.                Non-U.S. Tax
  Planning (Global)

  GE will continue to provide global tax consulting 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components allocated to all 

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  

 

30

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  services consistent with past practice by
  GE.

  	
   

  	
  items that are related
  to tax services in this Schedule A of this Agreement (item #’s
  5-11).  Unit costs will not exceed the
  2004 rates.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.                Credit Card
  Administration (Global)

  The Company’s employees will continue to be able use GE Corporate Credit
  Cards for business-related purchases (including Amex contract in Europe).

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed the 2003 rates.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition to a new benefit
  and payroll system.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.                GAAP
  Reference (Global)

  The Company will continue to have access to and use of GE’s GAAP Reference
  materials and personnel.

  	
   

  	
  No Charge.

  	
   

  	
  The earlier of
  the Trigger Date + six months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.                Corporate
  Freight Processing (Global)

  The Company will continue to utilize the Corporate Freight Payment Center for
  Freight Processing and Administration

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.                Corporate
  Audit Staff (Global)

  The Company will continue to have access to and use of the GE Corporate Audit
  Staff (including for business integration purposes).

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The later of (i)
  the Trigger Date, (ii) the end of the Company’s second fiscal quarter of 2005
  or (iii) completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.                IBS (Global)

  Access to and use of GE’s Intercompany Billing System

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date plus 6 months or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.                Treasury
  Services (Global)

  Operational and Consulting Process Changes for bank accounts and cash pooling
  transition 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s development of in-house
  capability.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.                Treasury
  Services (Europe &Australia)

  GE will continue to provide all required treasury support functions which are
  performed today

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.                Financial
  Reporting Tools (Global)

  	
   

  	
  Actual costs via
  the allocation methodology

  	
   

  	
  For as long as
  the Company is required to 

  

 

31

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  The Company will continue to have access to
  and use of GE Financial Reporting Applications including Data Parking
  Lot/CDR, STAR and WRI. 

  	
   

  	
  developed for
  all GE components.

  	
   

  	
  provide
  financial information to GE pursuant to the Master Agreement

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.                Financial
  Systems (Australia)

  GE will provide access to and use of applications and support on all shared
  financial systems provided by GE such as Oracle Financials, Oracle
  Discoverer, Oracle Financial Analyzer to the Company’s Mortgage Division in
  Australia.  

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  one year from Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.                Financial
  Systems Support (Europe)

  GE will provide existing finance systems service support and administration
  as per the remit of the current Finance Systems group center of excellence.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  one year from Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.                Shared
  Services (Europe).

  The GE Shared Services Centers in Europe will continue to provide shared
  services support as currently provided including accounting, tax, supplier
  payments).

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date +
  one year

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  23.                Shared
  Services (Japan)

  GE will continue to provide through its offices at Kowas 35 Building, Tokyo,
  Japan HR, finance (Billing), IT, Administration, and Facility support to the
  Company’s Mortgage Insurance division.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  Trigger Date plus twelve months or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24.                Account
  Reconciliation (Europe & Australia)

  GE will continue to provide Account Reconciliation Tools and Support

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date plus six months or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25.                Account
  Reconciliation (US, Australia & Canada)  

  GE will continue to provide the Company with access to and use of the Account
  Reconciliation system developed and hosted by GE’s ERC division.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date plus six months of the completion of the Company’s
  transition.

  

 

32

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  26.                Portfolio
  Analyzer – Derivatives (US)

  GE will provide the Company with access to and use of its Derivative
  Portfolio Analyzer Systems.

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMAs) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – actual costs
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earliest of
  the Trigger Date +12 Months or Termination of the IMA + 6 months or
  completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  27.                CATS (US)
  

  GE will provide the Company with access to and use of its CATS Research
  Tracking & Reporting System

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of IMA + 6 months or completion
  of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  28.                Controllership
  (Europe)

  GE to provide continued access to and participation in the European
  Controllership Council

  	
   

  	
  No charge

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  29.                T&L
  Administration (US)

  GE will continue to provide the Company with access to and use of its Travel
  Management systems, services, and administration.  

  	
   

  	
  Combination of
  actual travel costs plus administrative allocation.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  30.                Derivatives
  Accounting (Global)

  GE will provide the Company with access to and use of its MONSTER derivatives
  accounting application

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMAs) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or Termination of the IMA + 6 months or
  completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  31.                Treasury
  Services (Europe)

  GE will continue to provide the Company with access to and use of GE’s TRS
  system while it is managed by GE’s treasury department.

  	
   

  	
  Actual payroll
  costs and the expense allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the date on which GE’s ownership interest in the Company drops below 30% or
  the completion of the Company’s transition.

  

 

33

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  Human Resources and Related Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  32.                GEII/GMS
  (Global)

  The Company will continue to have access to and use of GE’s expatriate, ISOS
  emergency medical treatment and evacuation services.

  	
   

  	
  Actual costs via the allocation methodology developed for all GE
  components.

  	
   

  	
  Trigger Date (or up to six months later by mutual consent)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  33.                Payroll
  Administration (Global)

  The Company’s payroll will continue to be processed and administered by GE
  through its facilities at CBSI, Leeds and other locations covering countries
  in which the Company has any employees. 
  

  	
   

  	
  Actual payroll costs and the expense allocation methodology developed
  for all GE components.

  	
   

  	
  Trigger Date (US); Trigger Date (or up to six months later by mutual
  consent) (non-US)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  34.                U.S. Benefit
  Plan Design & Administration

  GE will administer all US benefit plans that the Company’s employees were
  eligible to participate in immediately prior to this Agreement and which they
  will continue to participate in pursuant to the Employee Matters Agreement.

  	
   

  	
  Actual costs and the expense allocation methodology developed for all
  GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  35.                Non U.S.
  Employee Benefits Services

  GE will administer all non-US benefit plans that the Company’s employees were
  eligible to participate in immediately prior to this Agreement and which they
  will continue to participate in pursuant to the Employee Matters Agreement
  wherever the Company has any employees.

  	
   

  	
  Actual costs and the expense allocation methodology developed for all
  GE components.

  	
   

  	
  Trigger Date (or up to six months later by mutual consent)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  36.                Workers
  Compensation (Global)

  The Company’s employees will continue to participate in, and GE will continue
  to administer the Workers Compensation insurance program.  

  	
   

  	
  Actual costs and the expense allocation methodology developed for all
  GE components.

  	
   

  	
  Trigger Date (or up to six months later by mutual consent)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  37.                Leadership
  Courses (Global)

  The Company’s employees will continue to be able to attend courses hosted at
  the Jack Welch Leadership Center in Crotonville, New York.  GE will permit the Company to send the
  same number of students to 

  	
   

  	
  Actual costs via the allocation methodology developed for all GE
  components.

  	
   

  	
  Trigger Date

  

 

34

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  Crotonville classes in 2004 as it permitted
  in 2003.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  38.                Executive
  Comp Administration (Global)

  The Company’s employees may continue to participate in a combination of GE
  Executive and Company Executive Compensation and other programs pursuant to
  the Employee Matters Agreement, including executive medical examinations,
  automobile leasing and financial counseling.

  	
   

  	
  Actual costs and the expense allocation methodology developed for all
  GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  39.                Other HR
  Related Applications

  •                  Mergers
  and Acquisitions (Global)

  •                  HR
  Practices (Global)

  •                  GE
  Opinion Survey (Global)

  •                  GE
  Survey Suite (Global)

  •                  eHR
  (Global)

  •                  HR
  Privacy (Global)

  •                  Employee
  Services Portal (Global)

  •                  Resolve
  (US)

  •                  Benefits
  Integration (US)

  •                  Benefits
  Access (US)

  •                  Oracle
  HR Data Mart (US)

  •                  Join
  GE (US)

  •                  eEMS
  (Global)

  •                  Compensation
  Planning (US)

  •                  Career
  Opportunity System (Global)

  •                  eSession
  C (Global)

  •                  eExit
  (Global)

  •                  eStart
  (Global)

  •                  Government
  HR Reporting System (EEOC, etc.) (US)

  •                  360
  Degree Peer Evaluation System (Global)

  •                  Union
  Awareness (Global)

  •                  ELearning

  	
   

  	
  No Charge

  	
   

  	
  Trigger Date

  

 

35

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  •                  My Development

  •                  Employee Verification

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  40.                Oracle HR
  (Global)

  Access to and use of Oracle HR application.

  	
   

  	
  Actual costs and the expense allocation methodology developed for all
  GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  41.                Hire Systems
  (Global)

  Access to and use of GE’s vendor-operated hiring management system.

  	
   

  	
  Actual costs and the expense allocation developed for all GE
  components

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  42.                RMLP, HRLP,
  FMP & IMLP Administration (Global)

  Education for GE’s Management Leadership Programs.  

  	
   

  	
  Actual costs via the allocation methodology developed for all GE
  components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  43.                EIMP
  Administration (Global)

  Administrative, recruiting, education, and off-program support for GE’s
  Experienced Information Management Program.

  	
   

  	
  Actual costs via the allocation methodology developed for all GE components.

  	
   

  	
  Second anniversary of the Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  44.                Corporate
  Sourced External HR Services (Global)

  Use of services purchased in bulk by GE Corporate HR on behalf of GE
  businesses, e.g., background checks, job postings, etc.

  	
   

  	
  Actual cost and the expense allocation developed for all GE
  components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Legal and
  Related Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  45.                Legal
  Practice Groups, Legal & Compliance Meetings, and Legal & Compliance
  Distribution Lists (Global)

  The Company will continue to have access to and the opportunity to
  participate in GE’s Legal Practice Groups and Legal and Compliance meetings
  at regional, national, and pole levels. 
  GE shall include the Company’s legal and compliance staff on all GE 

  	
   

  	
  No Charge other than meeting fees charged to all participants

  	
   

  	
  Trigger Date.

  

 

36

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  legal and compliance distribution lists.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  46.                eInvoicing
  (US)

  The Company will continue to have access to and use of the electronic law
  firm billing, routing, review, and approval system.    

  	
   

  	
  Actual costs via the allocation methodology developed for all GE
  components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  47.                GOLDnet
  (Global)

  The Company will continue to have access to and use of GE’s legal entity
  database

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  When the Company
  is no longer included in GOLDnet

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  48.                GE Legal
  Intranet (Global)

  The Company will have continue to have access to and use of GE’s intranet set
  for the legal community.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  49.                Westlaw
  Database (Global)

  The Company will have access to and use of the Westlaw database.

  	
   

  	
  Actual costs
  billed via the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  50.                Pay and
  Benefit Legal Support (Global)

  GE will provide legal counsel related to the Company’s historic and
  continuing participation in GE’s payroll systems and benefit plans.

  	
   

  	
  No Charge

  	
   

  	
  Legal counsel terminates when the Company no longer participates in
  the applicable benefit plan.  Legal
  representation is provided for any claim related to a GE benefit plan
  regardless of when the claim arises. 
  Legal representation is provided for any claim related to a GE payroll
  system consistent with past practice.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  51.                eCommerce
  Related Legal Support (US)

  The Retained Businesses will provide legal support of the Company’s websites.

  	
   

  	
  No Charge

  	
   

  	
  90 days from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  52.                Government
  Relations (Global)  

  GE will assist and provide the Company with:

  •                                Global
  lobbying efforts and cooperation in accessing Government Officials to
  facilitate the Company’s transition

  	
   

  	
  No Charge

  	
   

  	
  Trigger Date
  except access to K. Fulton for the Mortgage business (1/1/05) and
  coordination regarding tax and financial services issues (Trigger Date plus
  six months)

  

 

37

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  •                                Access
  to GE Washington office (K. Fulton, N. Dorn, P. Prowitt) to facilitate the
  Company’s transition and introductions

  •                                Access
  to B. Mattox as a resource regarding the Company’s tax matters

  •                                Coordination
  to ensure harmonization of tax issues and financial services issues involving
  GE and the Company

  •                                Access
  to K. Fulton to assist in the transitioning of the mortgage business to the
  Company including without limitation assistance with issues related to Fannie
  Mae and Freddie Mac

  •                                Continued
  equivalent access to GE State Level Resources

  •                                Consultation
  by K. Riordan and state-based GE liaison on matters relating to the Company’s
  development of state retainers, networks and national political organizations

  •                                Maintaining
  state tax support for the Company

  •                                Access
  to state retained lobbyists for consultation and engagement by the Company

  •                                Access
  to GE Country Managers and use of GE resources during transition,
  specifically Corporate IL&P and consultation by GE Country Managers for
  introduction of the Company’s new international leaders including without
  limitation introduction of the Company’s Mortgage Insurance leaders for Asia

  •                                GE
  Country Managers to provide assurances to the Canadian Government that GE’s
  interests are aligned with maintaining the current strength and viability of
  the Company’s Canadian Mortgage operations and meet with Canadian Government
  to facilitate the Company’s introduction to the Canadian Government 

  	
   

  	
   

  	
   

  	
   

  
	
  53.                Legal
  Preferred Provider Arrangements (Global)

  The Company will be entitled to the law firm rates GE 

  	
   

  	
  No Charge.

  	
   

  	
  Until GE
  ownership in the Company drops below 10%.

  

 

38

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  negotiates with preferred providers.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  54.                Public
  Relations – Media Activity System (MAS) (Global)

  The Company will continue to have access to and use of MAS. 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date
  plus 6 months

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  55.                GE Ombudsman
  (Global)

  GE shall route all Company-related inquiries to the GE ombudsman to the
  Company’s ombudsman.

  	
   

  	
  No Charge

  	
   

  	
  Until GE
  ownership in the Company drops below 10%

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  56.                Practical Law
  (Europe)

  The Company will continue to have access to and use of this European monthly
  magazine and database.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.  Unit costs will not exceed 2003 rates.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  57.                Transaction
  Control Authority (Global)

  The Company will continue to have access to and use of GE’s Transaction
  Control Authority and related software.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  58.                Do Not Call
  List (US)

  The Company will continue to have access to and use of GE’s and/or the
  Retained Businesses’ Do Not Call List and related software.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  59.                Watch List
  (Global)

  The Company will continue to have access to and use of GE’s Watch List (OFAC,
  etc.) and Watch List Database Search, used for security screening

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  60.                Trademark Searches,
  Registrations and Maintenance (Global)

  GE will continue its maintenance services for all trademarks existing as of
  the date hereof and used or owned by the Company and will perform trademark
  searches and new registrations upon the Company’s 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  

 

39

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  request.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  61.                Non-U.S. Patent
  Filing and Prosecution (Global)

  Upon the Company’s request, GE will file, prosecute, and pay maintenance fees
  for the Company’s non-U.S. patent applications.

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  62.                Domain Name
  Services (DNS) Registration and Maintenance (Global)

  GE will continue its maintenance services for all URLs existing as of the
  date hereof and used or owned by the Company and will perform new
  registrations upon the Company’s request.

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  63.                GE PAGE
  System (Global)

  The Company will continue to have use of and access to GE’s PAGE system, a
  software tool and database for patent matters on the same basis as it is made
  available to the other GE components.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  64.                Holocaust
  Reporting (US)

  GE’s ERC division shall prepare and make all US regulatory filings related to
  the Holocaust on behalf of itself, the Company and any other affiliate
  insurance companies owned in whole or in part by GE.  The Company shall provide ERC on a timely
  basis with all required information.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the first date upon which consolidated filings are no longer required by
  insurance regulators and the date upon which GE’s ownership in the Company
  falls below 10%

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IT – Misc Application, Infrastructure & Related
  Services

  	
   

  	
   

  	
   

  	
   

  
	
  65.                Infrastructure
  Support (US)

  GE will continue to provide Web Hosting, Local Area Network, Desktop, and
  Server Support to the Company’s Capital Management Services team 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  First
  Anniversary of the Trigger Date

  

 

40

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  (CMS) based in New York, New York.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  66.                e-Mail Processing
  (Global)

  GE will continue to provide SMTP relay, spam filtering, and e-Mail support,
  including Blackberry Wireless service, to the Company.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  67.                eDealRoom
  (US)

  Access to and use of Deal Room Work Flow application.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  68.                Support
  Central (Global)

  GE will continue to provide support, access to and use of Support Central. 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  69.                IP re Address
  Routing (Global)

  GE will route the Company’s GE-assigned 3.0.0.0 network and 205.173.90.0
  subnets within GE. 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  70.                IP Address
  Use (Global)

  GE will allow use of the Company’s GE-assigned 3.0.0.0 subnet within the
  Company

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the first anniversary of the Trigger Date or completion of the Company’s
  transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  71.                SSO (Global)

  Access to and use of Single Sign On (“SSO”) and administration support for
  users of the Company’s external web sites. 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  72.                Remote Office
  Application (US)

  Access to and use of the remoteoffice.ge.com application.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  73.                Document
  Repository (Global)

  Access to and use of the Internet based Quickplace application for sharing
  documents with employees 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or the completion of the Company’s transition.

  

 

41

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  outside of
  GE and the Company.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  74.                Messaging
  System (Global)

  Support of the Sametime Environment.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  75.                Integrity
  Website (Global)

  GE will continue to provide access to its internal Integrity Website.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  76.                e-Mail
  address change (Global)

  Access to and use of <employee>@ge.com.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  77.                Space on the
  GE Website (Global)

  GE will continue to contain information about the Company’s products on the
  GE website, from which potential customers of the Company may be transferred
  to the Company’s Website.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  78.                InsideGE
  System (Global)

  GE will continue to provide the Company’s employees with access to and use of
  GE’s InsideGE intranet application and all associated web sites with the same
  access as provided immediately prior to the hate hereof.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  79.                Credit Checks
  (Global)

  GE will continue to provide credit research services from its Alpharetta
  services.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  80.                MySixSigma
  (Global)

  GE will continue to provide access to and use of the MySixSigma system.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the first anniversary of the Trigger Date or the completion the Company’s
  transition to its own system.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  81.                Six Sigma
  Tracking (Global)  

  GE will continue to provide access to and use of the Six Sigma tracking
  system.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the first anniversary of the Trigger Date or the completion the Company’s
  transition to its own system.

  

 

42

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  82.                International
  Contractor Metrics (Global)

  GE will provide the Company with access to and use of the eMeasure system for
  International contractor reporting and tracking.  

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  The earlier of the
  Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  83.                Database
  Marketing & Analysis Support (US)

  GE will provide the Company with access to and use of the GEFA Customer
  Database 

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  84.                Database
  Marketing & Analysis Support (US)

  GE will provide the Company with access to and use of the Consumer Analytics
  Platform

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date + twelve
  months

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  85.                Database
  Marketing & Analysis Support (US)

  GE will provide the Company with access to and use of the Prospect Database
  and Infrastructure

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date + twelve
  months

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  86.                Infrastructure
  Support (US)

  GE will continue to provide Local Area Network, Voice, Desktop, and Server
  Support to the Company’s Independent Accountants Network (IAN).

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  First anniversary of
  the Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  87.                Infrastructure
  Support (Europe)

  GE will continue to provide Local Area Network, Telecommunications equipment
  support, Voice, Desktop, and Server Support for the Company’s locations in
  Dublin, Germany, Copenhagen and Stockholm

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  First anniversary of
  the Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  88.                Voice Support
  (Europe)

  GE will continue to provide Voice Support for the Company’s locations in
  Helsinki, Oslo and the Netherlands

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  First anniversary of
  the Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  89.                Deskside
  Support (US)

  GE will continue to provide Local Area Network, Voice, Desktop, and Server
  Support to the Company’s employees in Stamford, and the Company’s real estate
  employees in Chicago, Atlanta & Los Angeles

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  The earlier of the
  Trigger Date or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  90.                Infrastructure
  Support (Canada)

  	
   

  	
  Actual costs via the
  allocation methodology 

  	
   

  	
  First anniversary of
  the Trigger Date.

  

 

43

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  GE will continue
  to provide access to and use of the GE Canada LAN system for Company
  components based in Canada.

  	
   

  	
  developed for all GE
  components.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  91.                Telecommunications
  Services: (Global)  

  Domestic Outbound, 800 Inbound, Domestic and International Dial Comm, Dial
  Comm Cards, Domestic Credit Card, International Direct Dial, International
  Credit Card, GE Global Telecommunications Network, Videoconferencing, Worldcom
  conference call facilities.

  	
   

  	
  Actual costs via
  the allocation methodology in effect during the billing period for all GE
  components.  Unit costs, where
  applicable, are not to exceed 2004 rates until December 31, 2005.  The Company will be notified 90 days in
  advance, as practicable, of any change to the annual unit cost to take effect
  after December 31, 2005.

  	
   

  	
  First
  anniversary of the Trigger Date. Use of GE’s telecommunication services
  (either in totality or individual components) can be extended in one-year
  increments based upon mutual agreement of both the Company and GE.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  92.                Network
  Services: (Global)  

  VPN Services; Proxy Server Management, Internet Routers, DNS Management,
  installation and configuration management; hardware, software, and carrier
  service provisioning, contract maintenance; Project Management; problem and
  change control management, E-mail gateway, Spam filters, Nortel remote access
  and GNO facilitation and coordination of services for WAN, ISP, and MAN
  Connectivity.

  	
   

  	
  Actual costs via
  the allocation methodology in effect during the billing period for all GE
  components.  Unit costs, where
  applicable, are not to exceed 2004 rates until December 31, 2005.  The Company will be notified 90 days in
  advance, as practicable, of any change to the annual unit cost to take effect
  after December 31, 2005.

  	
   

  	
  First
  anniversary of the Trigger Date. Use of GE’s network services (either in
  totality or individual components) can be extended in one-year increments
  based upon mutual agreement of both the Company and GE.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  93.                Remote Access
  Services (Global)

  The Company will continue to have access to the Fibrelink infrastructure for
  remote access.  

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  94.                Alpharetta
  Data Center (US & Canada)

  Mainframe, Midrange, Storage, Backup, and Network services currently provided
  by the Alpharetta Data Center.

  	
   

  	
  Actual costs,
  based on usage, via the allocation methodology developed for all GE
  components. Units’ costs are not to exceed 2003 rates through
  December 31, 2005. Unit costs for subsequent years will be established
  on an annual basis. The Company will be notified 90 days in advance, as
  practicable, of any change to the annual unit cost to take effect after December 31,
  2005.

  	
   

  	
  First
  anniversary of the Trigger Date. The Service can be extended in one-year
  increments based upon the mutual agreement of both the Company and GE.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  95.                Cincinnati
  Data Center (Global)

  Mainframe, Midrange, Storage, Backup, e-Mail, 

  	
   

  	
  Actual costs,
  based on usage, via the allocation methodology developed for all GE
  components. 

  	
   

  	
  First
  Anniversary of the Trigger Date. The Service can be extended in one-year 

  

 

44

 

	
  Items/Service

  	
   

  	
  Billing Rate
  or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  Intranet, and Network services currently
  provided by the Cincinnati Data Center managed by GE’s Global Communications
  Operation.

  	
   

  	
  Unit costs are
  not to exceed 2003 rates through December 31, 2005. Unit costs for
  subsequent years will be established on an annual basis. The Company will be
  notified 90 days in advance, as practicable, of any change to the annual unit
  cost to take effect after December 31, 2005.

  	
   

  	
  increments based
  upon the mutual agreement of both the Company and GE.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  96.                Kingswood
  Data Center (Europe)

  Mainframe Midrange, Storage, Backup, Security, Asset Management, and Network
  services currently provided by the Kingswood Data Center.

  	
   

  	
  Actual costs, based on
  usage, via the allocation methodology developed for all GE components. Units
  costs are not to exceed 2003 rates through December 31, 2005. Unit costs
  for subsequent years will be established on an annual basis. The Company will
  be notified 90 days in advance, as practicable, of any change to the annual
  unit cost to take effect after December 31, 2005.

  	
   

  	
  The earlier of the
  Trigger Date plus 24 months or completion of the Company’s transition.  The Service can be extended in one-year
  increments based upon the mutual agreement of both the Company and GE.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  97.                Communications
  Network (Global)

  The Company will continue to have access to GE’s intranet-based Global
  Communications Network applications (GECN).

  	
   

  	
  Actual costs,
  based on usage, via the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  98.                IT Technical
  Councils (Global)

  The Company will continue to be able to participate in IT technical councils,
  including, but not limited to the PMO Council, CTO Council and Security Forum
  & Council.

  	
   

  	
  No Charge

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  99.                Metadata
  Directory Services (Global)

  GE will continue to provide the Company with access to its CDI application
  for Identify, Directory and Discovery Services.

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  100.          Helpdesk Management
  (US)

  GE shall manage the day-to-day activities of the Company or its contractors
  providing the Helpdesk, Desktop and Server support services to the retained 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  October 22,
  2004

  

 

45

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  businesses in Lakewood, CO
  and Ft. Washington, PA.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Investments

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  101.          Fixed Income
  Analytics (Global)

  GEAM will provide the Company with access to and use of the Fixed Income
  Analytics Application (Yield Book Desktop Application).

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or signing
  of a vendor agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  102.          Fixed Income
  Analytics and Cash Flows (Global)

  GEAM will provide the Company with access to and use of the Fixed Income
  Analytics and Cash Flows Application (BondEdge).

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or signing
  of a vendor agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  103.          Bloomberg Desk Top
  Application (Global)

  GEAM will provide the Company with access to and use of Bloomberg Desktop
  Application. 

  	
   

  	
  No Charge as
  long as Investment Management Agreements 
  (IMA) are in effect (included in fees payable by the Company under
  IMA); Post IMA termination – Actual costs via the allocation methodology
  developed for all GE components

  	
   

  	
  The earlier of
  the Trigger Date or termination of the IMA + 6 months or signing of a vendor
  agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  104.          Credit Analysis
  (Global)

  GEAM will provide the Company with access to and use of the Credit Analysis
  application (KMV Credit Tool).

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Trigger Date or termination of the IMA + 6 months or signing of a vendor
  agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  105.          Risk
  Monitoring/Cash Hedging (US)

  GEAM will provide the Company access to and use of the PV01 application.

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or
  completion of the Company’s transition

  

 

46

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  106.          Portfolio Optimizer
  (US)

  GEAM will provide the Company with access to and use of the GRC Optimizer
  application.

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or
  completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  107.          Cash Forecasting
  (US)

  GEAM will provide the Company with access to and use of the Cash Forecasting
  system, A2P2.

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or
  completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  108.          Risk Monitoring
  Tool (US)

  GEAM will provide the Company with access to and use of the Risk Monitoring
  Tools, and REM.

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or
  completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  109.          Market Data,
  Trends, and Information (Global)

  GEAM will provide the Company with access to and use of the market
  information provided by Reuters.

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date or termination of the IMA + 6 months or signing of a vendor
  agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  110.          GEAM Bloomberg Data
  Feed (Global)

   

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  111.          GEAM KMV Data Feed
  (Global)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  

 

47

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  112.          GEAM FTID Data Feed
  (Global)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  113.          GEAM Moody’s and
  S&P Data Feeds (Global)

  	
   

  	
  No Charge as long
  as Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  114.          GEAM Factset Data
  Feeds (Global)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  115.          GEAM Intex Data
  Feeds (Global)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  116.          GEAM Trepp Data
  Feeds (Global)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  the Termination of the IMA + 6 months or signing of a vendor agreement by the
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  117.          GEAM
  Argus (US)

  	
   

  	
  No Charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); Post IMA termination – Actual costs
  via the allocation methodology developed for all GE components

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or termination of the IMA + 6 months or signing
  of a vendor agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  118.          GEAM
  Cirrus (US)

  	
   

  	
  No Charge as
  long as Investment Management 

  	
   

  	
  The earliest of
  the Trigger Date + 12 months or 

  

 

48

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
   

  	
  Agreements (IMA)
  are in effect (included in fees payable by the Company under IMA); Post IMA
  termination – Actual costs via the allocation methodology developed for all
  GE components

  	
   

  	
  termination of
  the IMA + 6 months or signing of a vendor agreement by the Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  119.          Investments New
  Hire Application (US)

  The Company will continue to have access to and use of GE’s Investments New
  Hire Application.

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); post IMA termination – actual cost
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date +12 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  120.          Investments Domino
  Infrastructure (US)

  The Company will continue to have access to and use of Investments Domino
  Infrastructure.

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); post IMA termination – actual cost
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date +12 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  121.          GEAM Compliance
  (US)

  The Company will continue to have access to and use of GEAM’s Compliance
  application.

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); post IMA termination – actual cost
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date +12 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  122.          Beast (US)

  The Company will continue to have access to and use of Beast.

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); post IMA termination – actual cost
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date +12 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  123.          Ref Internet &
  Intranet

  The Company will continue to have access to and use of GEAM’s Ref Internet
  and Intranet

  	
   

  	
  No charge as
  long as Investment Management Agreements (IMA) are in effect (included in
  fees payable by the Company under IMA); post IMA termination – actual cost
  via the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  124.          Disaster Recovery

  	
   

  	
  No charge as
  long as Investment Management 

  	
   

  	
  The earlier of the Trigger
  Date + 12 months or 

  

 

49

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  GEAM will provide the Company with disaster
  recovery services for the investments-related software provided pursuant to
  this Agreement.

  	
   

  	
  Agreements (IMA)
  are in effect (included in fees payable by the Company under IMA); post IMA
  termination – actual cost via the allocation methodology developed for all GE
  components.

  	
   

  	
  completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VI                  Corporate Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  125.          Corporate Jet
  Services (Global)

  Includes scheduling and use of GE Corporate Jet and services.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  6 months after
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  126.          Crotonville
  (Global) The Company shall have the ability to host seminars, Workout
  sessions, and other meetings with customers at Crotonville facilities and may
  utilize Crotonville staff to do so.

  	
   

  	
  Facilities and
  meeting fees normally charged to other GE components for similar programs.

  	
   

  	
  Two years after
  Trigger Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VII                               Med
  Supp Policies

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  127.          Med Supp Policies
  (US)

  Policyholder Services and Claim Servicing Of Approximately 1300Med Supp
  Policies (VFW CICA, VFW UFLIC and UFLIC at Cambridge)

  	
   

  	
  $5.0K / month

  	
   

  	
  December 31,
  2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VIII                           Functions
  Other Than Above

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  128.          Real Estate
  (Global)

  GE will provide assistance and consultations on all real estate services
  including legal, insurance, transactional, environmental, security,
  facilities, rentals, and purchasing

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  129.          M&A (Europe and
  Australia)

  The Company shall have access to GE Corporate M&A teams for M&A and
  new market entry opportunities.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  

 

50

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  130.          Country NX (Europe)

  Access to GE Country NX’s across Europe to facilitate introductions to
  potential customers of the Company’s Europe Mortgage unit.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  131.          Marketing (Europe)

  Access to GE’s European Marketing team to support the Company’s Europe
  Mortgage unit’s marketing initiatives, including those linked to the ‘GE
  Days’.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  132.          Capital Markets
  (Europe)

  Access to the GE Capital Markets team in London for support on product
  development, new business sales etc. Support to include monitoring of market
  developments and preparation and presentation of pitches to current and
  future customers.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  133.          Sourcing
  Applications (Global)

  Access to and use of GE’s Sourcing Systems, including Oracle SSS, eRFP,
  E-Sourcing, Oracle Purchasing, eAuction and integrated applications.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  one year from the Trigger Date or the completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  134.          Purchasing Card
  Processing (Global)

  The Company will continue to have access to and use of GE’s Paris system for
  Purchasing Card Administration and Reconciliation, including Program
  Administration Services.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  135.          Sourcing
  (Australia)

  GE will continue to provide Sourcing related services

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  the Trigger Date or completion of the Company’s transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  136.          Sourcing Data
  Warehouse (Global)

  The Company will continue to have access to and use of GE’s sourcing data
  warehouses, which are GSTAR 

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  The earlier of
  one year from the Trigger Date or the completion of the Company’s transition.

  

 

51

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  and Proclarity.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  137.          Customer Balance of
  Trade

  GE will continue to supply information regarding GE’s buy and sell activities
  with top Company customers including, but not limited to GE Asset Management,
  GE Corporate Treasury, GE Sourcing, GE Investor Relations, GE Commercial Real
  Estate

  	
   

  	
  No charge

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  138.          Services for Real
  Estate Data Warehouse and Applications (Global)

  GE will provide the Company with access to and use of its Real Estate
  Database (GERED) and integrated applications.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  139.          Business
  Development (Europe)

  The Company will continue to have access to Business Development resources
  pursuant to activities in respect of the Genworth transaction.

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Completion of
  the UK Section 105 transfer process

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  140.          Geoffice.com
  (Europe)

  GE shall make available to the Company hotdesk and conference room facilities
  at 25 Green Street, London

  	
   

  	
  Actual costs via
  the allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  

 

52

 

SCHEDULE A1

GEAM
SERVICES

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  1.

  	
  PCAT (US)

  GE will provide the Company with access to and use of its PCAT Credit
  Deterioration System

  	
   

  	
  No Charge as long as
  Investment Management Agreements 
  (IMA) are in effect (included in fees payable by the Company under
  IMA); Post IMA termination – actual costs via the allocation methodology
  developed for all GE components

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  Trading Compliance
  (5.0/6.0) (US)

  GE will provide the Company with access to and use of its Limit 5.0 and
  Trigger 6.0 Trading Compliance Systems

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  Investment Data
  Warehouse (US)

  GE will provide the Company with access to and use of its Investment Data
  Warehouse

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of termination
  of IMA + 6 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
  Trade Order Management
  (US)

  GE will provide the Company with access to and use of its Trade Order
  Management System (TIPS and 3rd party solution when implemented)

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  Portfolio Analyzer –
  Insurance (US)

  GE will provide the Company with access to and use of its Portfolio Analyzer
  – Insurance System

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
  Derivatives Management
  (US)

  GE will provide the Company with access to and use of its Derivatives System
  (Infinity and Principia as replacement for

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation 

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition,
  including, assignment of

  

 

53

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  Infinity when
  implemented).

  	
   

  	
  methodology developed
  for all GE components

  	
   

  	
  license

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
  Derivatives Reporting
  (US)

  GE will provide the Company with access to and use of its DREAMS Derivative
  Reporting System

  	
   

  	
  No Charge as long as
  Investment Management Agreements (IMA) are in effect (included in fees
  payable by the Company under IMA); Post IMA termination – Actual costs via
  the allocation methodology developed for all GE components

  	
   

  	
  The earlier of
  termination of IMA + 6 months or completion of the Company’s transition.

  

 

54

 

SCHEDULE B

SERVICES
PROVIDED TO GE

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  Finance
  and Related Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
  Treasury Services
  (Europe)

  The Company will provide access to and use of Operational and Consulting
  Process Changes for bank accounts and cash pooling transactions.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The earlier of the
  Trigger Date or completion of the Retained Businesses transition.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  Tax Services (Global)

  The Company will continue to provide global tax related services to the
  Retained Business and to GE in a manner that is consistent with past practice
  and as required by such Retained Business and/or GE to satisfy its global
  income and other tax compliance and reporting responsibilities, including
  (without limitation) the provision of tax data and information to support US
  federal and state as well as non-US tax returns and the tax aspects or
  components of any financial and/or statutory statements or other similar
  reports or filings.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  Financial Systems
  Support (US)

  Access to and use of applications provided by the Company such as Oracle
  Financials, Oracle Discoverer, Oracle Financial Analyzer, Oracle AP/PO,
  Suspense Control, and Safari Expense.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
  Check Creation (US)

  The Company will continue to support and provide access to and use of the EWD
  system for Check Creation and Payments.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  Escheatment Services
  (US)

  The Company will continue to provide escheatment services to the Retained
  Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  

 

55

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  6.

  	
  AP Processing &
  Administration (US)

  The Company will continue to provide AP Processing and Administration to the
  Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
  Fixed Assets Processing
  & Administration (US)

  The Company will continue to provide Fixed Assets Accounting and Administration
  to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
  IBS Support and
  Processing (Global)

  The Company will continue to provide inter-company billing system (IBS)
  accounting and reconciliation to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
  STAT/GAAP Accounting
  & Reporting (US)

  The Company will continue to provide STAT and GAAP accounting services &
  reporting to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
  Technical Accounting
  Support (Global)

  The Company will continue to provide technical accounting guidance and
  support to the Retained Businesses on all accounting related issues.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
  Account Reconciliations
  (US)

  The Company will continue to provide Account Reconciliation Tools and Support
  to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
  Financial System
  Support (US)

  The Company will continue to provide support on all shared financial systems
  to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
  Sales & Use and
  Personal Property Tax (US)

  	
   

  	
  Actual costs billed via
  the allocation

  	
   

  	
  The later of two years
  from the date hereof

  

 

56

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  The Company will
  continue to prepare and file certain tax returns for the Retained Businesses
  consistent with past practice by the Company

  	
   

  	
  methodology applicable
  to the Retained Businesses immediately prior to the date hereof.

  	
   

  	
  or completion of the
  Retained Businesses transition but in no event later than three years from
  the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
  Financial Reporting
  & Analysis (US)

  The Company will continue to provide financial reporting and analysis to the
  Retained Businesses for all GAAP, SEC and management reporting requirements

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
  Financial Planning
  & Analysis (Global)

  The Company will continue to provide the retained businesses with FP&A
  support similar to the level and scope of the activities currently provided.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
  Financial Accounting
  (US)

  The Company will continue to provide the retained businesses with financial
  accounting support similar to the level and scope of the activities currently
  provided

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
  Travel and Living (US)

  The Company will continue to provide travel & living processing and
  accounting to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
  Benefit Cost Accounting
  and Analysis (US)

  The Company will continue to provide benefit cost tracking and analysis for
  the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date here

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.

  	
  Facilities and Lease
  Accounting and Billing for 500 Virginia Ave (US)

  The Company will continue to provide accounting and billing services for 500
  Virginia Drive in Fort Washington, PA

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.

  	
  Xerox and Postage Meter
  Replenishment and Accounting (US)

  The Company will continue to fund DPC postage meters and

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses

  

 

57

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  perform all necessary
  accounting for the Retained Businesses

  	
   

  	
  Retained Businesses
  immediately prior to the date hereof

  	
   

  	
  transition but in no
  event later than three years from the date hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.

  	
  Expense Reporting and
  Analysis (US)

  The Company will continue to provide expense analysis and support to the
  Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.

  	
  Training (US)

  The Company will continue to provide training to the Retained Businesses for
  all transaction processes

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  23.

  	
  1099 Reporting and
  Processing (US)

  The Company’s Accounts Payable group will provide 1099 reporting and
  processing to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24.

  	
  Facilities Billing and
  Accounting (US)

  The Company will continue to provide management oversight and perform billing
  and accounting for the Richmond facilities, including space used by
  associates servicing the Retained Businesses and product lines.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25.

  	
  Payroll Reporting (US)

  The Company will perform payroll-related financial reporting for the Retained
  Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Human
  Resources and Related Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  26.

  	
  GMS Expat Services
  (Europe)

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  Completion of GE’s move
  to its own European Expat Service

  

 

58

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  27.

  	
  HR Support and Related
  Services (Global)

  The Company will continue to provide advice and support to the Retained
  Businesses, including but not limited to; compensation planning, benefits,
  payroll processing, organizational development and staffing, communications
  and other employee relations activities.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  28.

  	
  MyGoals (US)

  The Company will provide Retained Businesses access to and use of the MyGoals
  system for mid-term performance reviews.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  29.

  	
  Sales Manager
  Acceleration Center (US)

  Company will continue to allow GE employees access to (e.g. observation,
  participation, train-the-trainer) to Company’s Sales Manager Acceleration
  Center program.

  	
   

  	
  Actual costs billed via
  the method used for all GE components

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  30.

  	
  Payroll Processing and
  Administration (Global)

  The Company shall provide input of data to the system (time & attendance,
  etc.), file uploads, cutting checks, regulatory filings (W-2s, etc.), and
  answering payroll-related questions.

  	
   

  	
  Actual costs billed via
  the method used for all GE components

  	
   

  	
  Trigger Date (US);
  Trigger Date (Global) (up to six months later by mutual consent)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  31.

  	
  GEFA Facilitation
  Network (US)

  The Company will continue to train/certify employees of the Retained
  Businesses as members of the GEFA Facilitation Network.  The Company will continue to provide
  access to and use of the online GFN Request service (process to request a
  facilitator)

  	
   

  	
  Actual costs billed via
  the method used for all GE components

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  32.

  	
  Facilitation and
  Training Delivery (US)

  The Company will continue to provide facilitation and organizational
  effectiveness support to GE and Retained Businesses.  The Company will continue to deliver
  training sessions to GE and Retained Businesses as capacity permits.

  	
   

  	
  $1,000 per day per
  diem.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  

 

59

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  IT –
  Misc Application, Infrastructure & Related Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  33.

  	
  HIPAA Infrastructure
  Services (US)

  The Company will provide access to and use of the GXS Application Integrator
  application and servers used for HIPAA Transaction Compliance to the Retained
  Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  34.

  	
  Web Hosting (US)

  The Company will provide access to and use of infrastructure, Servicing,
  Deployment of New Content, Project Management, Security, and Vendor
  Management support of applications resident in the Genuity Shared Services
  environment to the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  September 17, 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  35.

  	
  e-Learning (Global)

  The Company will provide the Retained Businesses with access to and use of
  electronic courses available on the Company’s Lotus Learning Space
  environment

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  36.

  	
  GEFA University Website
  (Global)

  The Company will provide the Retained Businesses with access to and use of
  the GEFA U website for training registration and administration
  purposes.  Tracking reports also will
  be made available upon request.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  37.

  	
  SSO (US)

  The Company will provide the Retained Businesses with access to and use of
  applications developed by the Company, such as SSO, GE Worker, authentication
  services, and user data stores.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  38.

  	
  Image Services (US)

  The Company will provide access to and use of its FileNet image repository to
  the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  39.

  	
  Fax Services (US)

  	
   

  	
  Actual costs billed via
  the allocation

  	
   

  	
  The later of two years
  from the date hereof

  

 

60

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  The Company will
  provide access to and use of Biscom’s Fax Servers to the Retained Businesses.

  	
   

  	
  methodology applicable
  to the Retained Businesses immediately prior to the date hereof.

  	
   

  	
  or completion of the
  Retained Businesses transition but in no event later than three years from
  the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  40.

  	
  Death Claims System
  (US)

  The Company will continue to provide access to and use of its Death Claims
  cross-checking system to the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  41.

  	
  Alpharetta Server
  Processing

  The Company will continue to support and provide access to and use of
  applications running on the shared UNIX server infrastructure to the Retained
  Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  42.

  	
  Password Reset Services
  (US)

  The Company will provide support of the Courion Password reset and management
  system to the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  43.

  	
  Contract and Vendor
  Management (US)

  The Company will continue to provide IT contract and vendor management
  support for the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  44.

  	
  IT Security Services
  (US)

  The Company will continue to provide security services, including policy and
  firewall management, to the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  45.

  	
  Disaster Recovery
  Services (US)

  The Company will continue to provide IT-related disaster services, including
  policy, contract, and testing management, to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  46.

  	
  VPN Hosting (US)

  The Company will continue to provide VPN Hosting services to the

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses

  

 

61

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  Retained Businesses.

  	
   

  	
  Retained Businesses
  immediately prior to the date hereof.

  	
   

  	
  transition but in no
  event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  47.

  	
  Automated e-Mail
  Management (US)

  The Company will provide access to and use of its instance of Cisco e-Mail
  Manager to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  48.

  	
  1099-Tax Statement
  Processing (US)

  The Company will provide access to and use of the CheckFree system to create
  and view policyholder-related 1099– statements on behalf of the Retained
  Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  49.

  	
  Wide Area Network
  Management (US)

  The Company will continue to provide access into, and support, of the
  Company’s existing network backbone between GE locations and the data centers
  in Alpharetta, Georgia; Lynchburg, Virginia; Richmond, Virginia; and
  Cincinnati, Ohio.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  50.

  	
  Desktop and Asset Management
  (US)

  The Company will continue to provide existing asset management services for
  GE’s Personal Computers and Servers. 
  Services include but are not limited to: core load maintenance, asset
  tracking, and vendor management.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  51.

  	
  Helpdesk, Desktop and
  Server Support Services (US)

  The Company will provide helpdesk, desktop and server support services to the
  Retained Business’s employees located in Lakewood, Colorado and Ft.
  Washington, Pennsylvania.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  October 22, 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  52.

  	
  Licensing (Global)

  The Company will continue to provide business-related licensing and related
  support for the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  53.

  	
  Data Warehouse Support
  (US)

  The Company will continue to provide to the Retained Businesses access and
  support of its Finance-related data warehouse.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three

  

 

62

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
   

  	
   

  	
  to the date hereof

  	
   

  	
  years from the date
  hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  54.

  	
  Project Management
  Office (Global)

  The Company will continue to provide PMO guidance, support and project
  management services to the Retained Businesses on existing and closed
  projects.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  55.

  	
  Helpdesk (US)

  The Company will act as paying agent and provide surge resources for the IT
  helpdesk for GEAM employees located at 3003 Summer Street, Stamford, CT.

  	
   

  	
  Actual costs billed via
  the allocation methodology used immediately prior to the date hereof.

  	
   

  	
  The earlier of the
  first anniversary of the Trigger Date and the Company’s termination of GE’s
  network services.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  56.

  	
  SAFE (US)

  The Company shall provide the Retained Businesses access to and use of the
  SAFE document storage environment but only with respect to the Retained
  Businesses’ documents.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  57.

  	
  Servicers for Real
  Estate (US)

  The Company will provide GEAM with access to and use of its RE Servicers
  application.

  	
   

  	
  Actual costs via the
  allocation methodology developed for all GE components.

  	
   

  	
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  58.

  	
  Domino Infrastructure
  (US)

  Support and maintenance of the Domino.Docs and Domino.Work Flow applications.

  	
   

  	
  Actual costs via the
  allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the retained businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  59.

  	
  Domino Infrastructure
  (Global).

  Support and maintenance of the Domino.Docs and Lotus notes as used for the
  Virtual File Room (part of the Lotus Collaborative Tools).

  	
   

  	
  Actual costs via the
  allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the retained businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  60.

  	
  Contracts Management
  Database (US)

  The Company shall provide the Retained Businesses with access to and use of
  the Contracts Management Database.

  	
   

  	
  Actual costs via the
  allocation methodology applicable to the Retained businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  

 

63

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  IV
  Legal, Compliance, Government Relations, and Public Relations Services

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  61.

  	
  General Internal
  Support (Global).

  The Company will provide legal support and coordination of litigation, human
  resource, intellectual property, insurance regulatory (unless otherwise
  specifically described below), consumer privacy, contract, and marketing and
  advertising matters, and provide compliance, government relations and public
  relations support for Retained Businesses as performed immediately prior to
  the Date hereof.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  Six months from the
  Date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  62.

  	
  Legal Information
  Management Systems (LIMS) (US)

  The Company will provide access to and use of LIMS but only with respect to
  data related to the Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  63.

  	
  Ombudsperson Services
  (US)

  The Company will continue to perform ombudsperson activities for the Retained
  Businesses, including: receipt of reports related to Retained Businesses;
  assignment of issues to Retained Businesses for resolution; and monitoring
  status of assigned issues.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  64.

  	
  Compliance Management
  System (CMS).

  The Company will continue to provide the Retained Businesses access to and
  use of its Compliance Management System.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  65.

  	
  Holding Company Act
  Filings (US)

  The Company will provide Consolidated Form B for the Company and the Retained
  Businesses.  The Retained Businesses
  shall provide the Company with their relevant information.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  

 

64

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  66.

  	
  Consolidated Insurance
  Regulatory Filings (US)

  Any time state insurance regulators mandate that certain filings be made on a
  consolidated basis among affiliated insurance companies (except holocaust
  reporting), the Company shall prepare and make the filing on behalf of itself
  and the Retained Businesses (and any other affiliated insurance companies
  owned in whole or in part by GE consistent with practices immediately prior
  to the date hereof).  The Retained
  Businesses and any other affiliated insurance companies shall provide the
  Company with their relevant information.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the Date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  67.

  	
  Annual Statement
  Assistance (US)

  Assistance from the Company’s Legal Department with the preparation of the
  Retained Businesses’ Annual Statements filed with state insurance regulators
  (a/k/a “blue books”).

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the Date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  68.

  	
  Insurance Industry
  Trade Associations (US)

  Where there was one membership that entitled participation by the Company and
  the Retained Businesses immediately prior to the Date hereof, the Company
  will maintain that membership to enable continued participation by the
  Retained Businesses.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the Date hereof.

  	
   

  	
  With respect to each
  association, the earlier of (a) the close of the membership year immediately
  following the Trigger Date and (b) the date upon which the association’s own
  rules require separate membership.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  69.

  	
  Privacy/Opt-Out (US)

  The Company will continue to give the Retained Businesses access to and use
  of its Privacy/Opt-Out application and services.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  70.

  	
  Complaints System (US)

  The Company will continue to provide the Retained Businesses access to and
  use of its Complaint Log system in order receive and document customer
  complaints.

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VI
  Services With Respect to GEFAHI Divested Companies

  	
   

  	
   

  	
   

  	
   

  

 

65

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
  71.

  	
  1099 Reporting and
  Processing (US)

  	
   

  	
  Cost of services as
  billed to purchaser of GEFAHI Divested Companies pursuant to U.S. Computer
  Services Agreement dated on or about August 29, 2003 as amended.

  	
   

  	
  April 30, 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  72.

  	
  APECS for Escheat
  Processing (US)

  	
   

  	
  Cost of services as
  billed to purchaser of GEFAHI Divested Companies pursuant to U.S. Computer
  Services Agreement dated on or about August 29, 2003 as amended.

  	
   

  	
  April 30, 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  73.

  	
  Broadwing (US)

  Broadwing Xerox Circuit

  	
   

  	
  Cost of services as
  billed to purchaser of GEFAHI Divested Companies pursuant to U.S. Computer
  Services Agreement dated on or about August 29, 2003 as amended.

  	
   

  	
  August 29, 2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  74.

  	
  Billing with Respect to
  services provided to GEFAHI Divested Companies by GE and the Company (US)

  	
   

  	
  No Charge

  	
   

  	
  Sixty (60) days from
  the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  75.

  	
  Management of services
  provided to GEFAHI Divested Companies by GE and the Company (US and Japan)

  	
   

  	
  No Charge

  	
   

  	
  Sixty (60) days from
  the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  76.

  	
  Hewlett Packard / Blue
  Ash (US)

  HP Blue Ash Circuit

  	
   

  	
  No Charge

  	
   

  	
  October 20, 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VII.  Functions Other Than Above

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  77.

  	
  Sourcing (US)

  The Company will continue to provide Sourcing business services and
  administrative support to the Retained Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  78.

  	
  Facilities (US)

  The Company will continue to provide Facilities and Real Estate

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses

  

 

66

 

	
  Items/Service

  	
   

  	
  Billing
  Rate or

  Payment Methodology

  	
   

  	
  Service
  Termination Date

  
	
   

  	
  business services and
  administrative support to the Retained Businesses

  	
   

  	
  Retained Businesses
  immediately prior to the date hereof.

  	
   

  	
  transition but in no
  event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  79.

  	
  Quality Training
  (Global)

  The Company will continue to provide quality training to the Retained
  Businesses

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  80.

  	
  Vendor Management,
  Strategy and Negotiations (US)

  The Company will continue to provide the Retained Businesses with
  business-related assistance and guidance regarding vendor management,
  strategy and negotiations for business process outsourcing

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof.

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  81.

  	
  Document Print Center
  (US)

  The Company will continue to make available to the Retained Businesses use of
  the document print center for Xerox and production services

  	
   

  	
  Actual costs billed via
  the allocation methodology applicable to the Retained Businesses immediately
  prior to the date hereof

  	
   

  	
  The later of two years
  from the date hereof or completion of the Retained Businesses transition but
  in no event later than three years from the date hereof.

  

 

67

 

Schedule C-1

 

LEASED
FACILITIES (GE to Company)

 

	
  Line

  Number

  	
   

  	
  Lessor

  	
   

  	
  Lessee

  	
   

  	
  Location

  	
   

  	
  Expiration Date

  
	
  1

  	
   

  	
  General Electric Company

  	
   

  	
  GE Group Life Assurance Company

  	
   

  	
  3200 N. Central Avenue, Phoenix, AZ

  	
   

  	
  9/30/2008

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  General Electric Commercial Equipment Company

  	
   

  	
  GE Group Life Assurance Company

  	
   

  	
  5335 S.W. Meadows Road, Lake Oswego, OR

  	
   

  	
  8/31/2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  Union Fidelity Life Insurance Company

  	
   

  	
  General Electric Capital Assurance Company

  	
   

  	
  200 N. Martingale Drive, Schaumburg, IL

  	
   

  	
  2/28/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Union Fidelity Life Insurance Company

  	
   

  	
  The Terra Financial Companies, Ltd.

  	
   

  	
  200 N. Martingale Drive, Schaumburg, IL

  	
   

  	
  2/28/2011

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  Heller Financial, Inc.

  	
   

  	
  GE Capital Life Assurance Company of New York &
  American Mayflower Life Insurance Company of New York

  	
   

  	
  622 Third Avenue, New York, NY

  	
   

  	
  8/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6

  	
   

  	
  General Electric Company

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  320 Great Oaks Boulevard, Albany, NY

  	
   

  	
  8/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7

  	
   

  	
  GE Capital Real Estate

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  301 Yamoto Road, Boca Raton, FL

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8

  	
   

  	
  GE Corporate

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  25925 Telegraph Road, Southfield, MI

  	
   

  	
  Earlier of 2/28/2007 or
  Trigger Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9

  	
   

  	
  GE Corporate

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  640 Freedom Business Park, King of Prussia, PA

  	
   

  	
  9/14/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10

  	
   

  	
  General Electric Company

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  3200 N. Central Avenue, Phoenix, AZ

  	
   

  	
  9/30/2008

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11

  	
   

  	
  GE Capital Bank

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  6 Agar Street, London, UK

  	
   

  	
  9/24/2010

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12

  	
   

  	
  GE Fleet

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  Europalaan 6, 5232 BC’s-Hertogenbosch, Neth

  	
   

  	
  11/30/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13

  	
   

  	
  GE Leadership Development Europe N.V.

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  2-4 Rond Point Schuman, Brussels, Blgm

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14

  	
   

  	
  GE Capital mietfinanz

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  Sachsenring 83, Cologne, GDR

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15

  	
   

  	
  International GE AB

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  Solna Strandvag 98, Stockholm, SWE 17175 (Office
  Space)

  	
   

  	
  1/31/2007

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16

  	
   

  	
  International GE AB

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  Solna Strandvag 98, Stockholm, SWE 17175 (Parking
  Space)

  	
   

  	
  10/1/2006

  

 

68

 

	
  17

  	
   

  	
  GE ERC

  	
   

  	
  GE Mortgage Insurance Limited

  	
   

  	
  107 Rue Saint Lazare, 75009, Paris, France

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18

  	
   

  	
  GE Canada

  	
   

  	
  GE Capital Mortgage Insurance Company (Canada)

  	
   

  	
  2300 Meadowvale Blvd, Mississauga, ONT

  	
   

  	
  12/31/2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19

  	
   

  	
  GE Canada

  	
   

  	
  GE Capital Mortgage Insurance Company (Canada)

  	
   

  	
  555 Dr. Frederick Philips Drive, St. Laurent, QBC

  	
   

  	
  3/31/2008

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20

  	
   

  	
  GE Capital Finance Australasia Pty Ltd

  	
   

  	
  GE Mortgage Insurance Co. Pty. Ltd.

  	
   

  	
  143 Coronation Drive, Brisbane, Aust

  	
   

  	
  Earlier of Trigger Date
  or 4/30/05

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21

  	
   

  	
  GE Capital Finance Australasia Pty Ltd

  	
   

  	
  GE Mortgage Insurance Co. Pty. Ltd.

  	
   

  	
  10 Pulteney Street, Adelaide, SA, Aust

  	
   

  	
  Earlier of Trigger Date
  or 4/30/05

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22

  	
   

  	
  GE Capital Finance Australasia Pty Ltd

  	
   

  	
  GE Mortgage Insurance Co. Pty. Ltd.

  	
   

  	
  Levels 9&10 Lumley House, 7 City Road,
  Auckland,  NZ

  	
   

  	
  5/31/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  23

  	
   

  	
  GE Commercial Corporation (Australia) Pty Ltd

  	
   

  	
  GE Mortgage Insurance Co. Pty. Ltd.

  	
   

  	
  1/110 Erindale Road, Balcatta, Perth, WA

  	
   

  	
  Earlier of Trigger Date
  or 4/30/05

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24

  	
   

  	
  General Electric Company

  	
   

  	
  GE Financial Trust Company

  	
   

  	
  3200 N. Central Avenue, Phoenix, AZ

  	
   

  	
  9/30/2008

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25

  	
   

  	
  General Electric Capital Company

  	
   

  	
  GNA Corporation

  	
   

  	
  335 Madison Avenue, New York, NY

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  26

  	
   

  	
  GE Company

  	
   

  	
  GNA Corporation

  	
   

  	
  601 S. Figouroa Street, Los Angeles, CA

  	
   

  	
  1/31/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  27

  	
   

  	
  GE — CF

  	
   

  	
  GNA Corporation

  	
   

  	
  500 West Monroe Street, Chicago, IL

  	
   

  	
  12/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  28

  	
   

  	
  GECC/GEC

  	
   

  	
  GNA Corporation

  	
   

  	
  500 Virginia Drive, Fort Washington, PA

  	
   

  	
  8/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  29

  	
   

  	
  GE Vie Plus

  	
   

  	
  RD Plus S.A.

  	
   

  	
  Floor 29, Tour Franklin, Terrasse Boieldieu, La
  Defense 8, Paris, France

  	
   

  	
  2/28/2007 or earlier
  termination by Vie Plus only if it is obliged to do so by its Landlord

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  30

  	
   

  	
  GE Capital Bank

  	
   

  	
  Financial Insurance Company Limited

  	
   

  	
  Park Alle 295, 2605 Brondby, Denmark

  	
   

  	
  5/1/2007

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  31

  	
   

  	
  GE Finland OY

  	
   

  	
  Financial Assurance Company Limited

  	
   

  	
  Malmin Kauppatie 18, Helsinki, FIN

  	
   

  	
  Either party can
  terminate after 12/31/2004 with 6 months notice

  

 

69

 

	
  32

  	
   

  	
  GE General Electric Finance Holding GmbH

  	
   

  	
  GE Financial Insurance Deutschland

  	
   

  	
  Martin-Behaim Str 8-10, Neu-Isenberg, GDR

  	
   

  	
  12/31/2008

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  33

  	
   

  	
  GECW

  	
   

  	
  Financial Insurance Group Services Ltd.

  	
   

  	
  Golden Lane, Dublin, IRE

  	
   

  	
  6/26/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  34

  	
   

  	
  Access Graphics BV, trade name GE Access

  	
   

  	
  Financial Insurance Group Services Ltd.

  	
   

  	
  Dr Willem Dreeesweg 6-8 1185 VB, Amstelveen,
  Netherlands

  	
   

  	
  12/31/2004 with annual
  renewals or 60 days notice

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  35

  	
   

  	
  GECFS

  	
   

  	
  GE Financial Insurance

  	
   

  	
  Karenslyst alle 2, Oslo, NOR

  	
   

  	
  12/30/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  36

  	
   

  	
  International GE AB

  	
   

  	
  GE Financial Insurance Sweden

  	
   

  	
  Noten 3 Solna Strandvag 98, Stockholm, SWE (Office
  Lease)

  	
   

  	
  12/31/2010

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  37

  	
   

  	
  International GE AB

  	
   

  	
  GE Financial Insurance Sweden

  	
   

  	
  Noten 3 Solna Strandvag 98, Stockholm, SWE (Parking
  Lease)

  	
   

  	
  12/31/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  38

  	
   

  	
  GESF

  	
   

  	
  GE Financial Insurance

  	
   

  	
  Thurgaueerstrasse 40, Zurich, Switzerland

  	
   

  	
  9/30/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  39

  	
   

  	
  GE Life Services

  	
   

  	
  Financial Insurance Group Services Ltd.

  	
   

  	
  3 floors (Ground, 1 & 2) at Vantage West,
  Brentford, London, Middlesex, UK

  	
   

  	
  6/20/2010 or earlier
  termination by GE only (a) if it is obliged to do so by its Landlord or  (b) upon the termination of the  lease following the exercise of a tenant
  break.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  40

  	
   

  	
  General Electric Capital Corporation

  	
   

  	
  General Electric Capital Assurance Company

  	
   

  	
  501 Corporate Center Drive, Franklin, TN

  	
   

  	
  4/30/2007

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  41

  	
   

  	
  GE International Mexico, S. de
  R. L. de C.V.

  	
   

  	
  GE Seguros del Centro, S.A. de
  C.V.

  	
   

  	
  Ave. Calzada del Valle No. 205, Monterrey, Nuevo
  Leon, Mexico

  	
   

  	
  9/1/2007

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  42

  	
   

  	
  General Electric Company

  	
   

  	
  GE Group Life Assurance Company

  	
   

  	
  12101 Woodcrest Executive Drive, St. Louis, MO

  	
   

  	
  1/31/2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  43

  	
   

  	
  GE Supply

  	
   

  	
  GE Mortgage Insurance Company

  	
   

  	
  5605 Granger Road, Independence, OH

  	
   

  	
  12/31/2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  44

  	
   

  	
  GE Corporate

  	
   

  	
  General Electric Capital Assurance Company

  	
   

  	
  1299 Pennsylvania Avenue, Washington, DC

  	
   

  	
  06/30/2004

  

 

70

 

Schedule C-2

 

LEASED
FACILITIES (Company to GE)

 

	
  Line

  Number

  	
   

  	
  Lessor

  	
   

  	
  Lessee

  	
   

  	
  Location

  	
   

  	
  Expiration
  Date

  
	
  1

  	
   

  	
  GE Group Life Assurance Company

  	
   

  	
  GE Healthcare Financial Services, a division of
  General Electric Capital Corporation

  	
   

  	
  100 Bright Meadow Boulevard, Enfield, CT

  	
   

  	
  4/30/2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  GE Life and Annuity Assurance Company

  	
   

  	
  General Electric Company

  	
   

  	
  4415 Pheasant Ridge Road, Roanoke, VA

  	
   

  	
  4/30/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  General Electric Mortgage Insurance Corp.

  	
   

  	
  Industrial Risk Insurers — Division of GE-ERC

  	
   

  	
  2600 Michelson Drive, Irvine, CA

  	
   

  	
  10/31/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  General Electric Mortgage Insurance Corporation

  	
   

  	
  GE Commercial Finance

  	
   

  	
  Two Northpoint Drive, Houston, Texas

  	
   

  	
  11/30/2006

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  GE Seguros del Centro, S.A. de
  C.V.

  	
   

  	
  GE Equipo de Control y Distribucion S. de RL de CV

  	
   

  	
  Av. Tecnológico Sur No. 100, Queretero, QRO, Mexico

  	
   

  	
  9/2/2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6

  	
   

  	
  GE Seguros del Centro, S.A. de
  C.V.

  	
   

  	
  GE Capital Fleet Services de Mexico SA de CV

  	
   

  	
  Rubén Dario 1109 5° piso, Guadalajaro, JAL, Mexico

  	
   

  	
  9/1/2004

  

 

71

 

SCHEDULE D

GRC
PROJECTS

 

	
  Project

  	
   

  	
  Description

  	
   

  	
  2004
  Funding

  
	
  1.PROFITS

  	
   

  	
  Tools & Methods To Analyze Credit, Equity, and
  Interest Rate Risk Then Create Optimized Investment Strategies

  	
   

  	
  $1.7 Million – Company  $1.4 Million - GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.LEO

  	
   

  	
  Decision Engine For LTC Claims

  	
   

  	
  $600,000 - GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.Decision Engine
  Closed Loop Processes

  	
   

  	
  Completion Of Decision Engine Work Related To GENIUS
  and RUBICON Including Monitoring, QA, & Updating & RUBICON Tier 3

  	
   

  	
  $1.25 Million - GE

  

 

72

 

Schedule E

 

MANAGEMENT CONSULTING SERVICES

 

The Management Consulting Services are broadly defined as activities
performed by Company associates that benefit other GE businesses but that do
not directly benefit Company.  The Management
Consulting Services typically include activities such as (i) attending
meetings, (ii) delivering training, (iii) providing historical and industry
perspectives, (iv) participating in meetings with rating agencies and
regulators, (v) participating in government relations activities, (vi) sharing
Company best practices, and (vii) making joint sales calls.

 

The Management Consulting Services are more fully defined below in the
Services By Function section.

 

Services By Function

 

Executive Office:

Provide to the CEO of GE and the CEO of GE Insurance general support,
advice, and strategy with respect to GE’s Retained Businesses and GE’s
reinsurance business.  Consult on
various GE initiatives, including strategic implementations, operational
reviews, capital planning and other regulatory matters.  The parties acknowledge such support will be
limited by any Company obligations deemed necessary by the Company’s CEO.

 

Finance:

Meet with the Retained Businesses’ or GE associates to provide
reasonable assistance with issue resolution directly related to historical
management participation or emerging issues, meet with the Retained Businesses’
management to plan for and provide assistance with rating agency relations,
accompany management to ratings agency meetings, meet with the Retained
Businesses’ management, auditors, regulators to provide historical
perspectives.  Attend councils at GE
including Finance, Tax, Controllers and others as appropriate including
presentations of best practices as applicable.

 

Legal/Compliance:

Accompany the Retained Businesses’ management to meet with regulators,
meet with Retained Businesses’ and GE associates to provide reasonable
assistance with issue resolution directly related to historical management
participation, participate in GE Legal Councils, share applicable legal and
compliance best practices and emerging issues as applicable.

 

Government Relations/Public Relations:

Consult and provide support and advice with regard to Government
Relations planning and practice with respect to Retained Businesses, and GE’s
reinsurance businesses.  Accompany the
Retained Businesses’ management to meet with regulators, work with the Retained
Businesses’ management on government relations activities including without
limitation incorporating the Retained Businesses’ government relations agendas
into the Company’s agendas and jointly participating in events, meet with the
Retained Businesses’ management, auditors, regulators to provide historical
perspectives, meet with the Retained Businesses’ management to plan for and
provide assistance with rating agency relations, accompany Retained Businesses’
management to

 

 

ratings agency meetings. 
Participate in GE Government Relations planning and present best
practices as applicable.

 

Risk:

Provide general risk support, advice, and strategy with respect to the
Retained Businesses and GE’s reinsurance business. Meet with the Retained
Businesses’ and GE associates to provide reasonable assistance with issue
resolution directly related to historical management participation, participate
in GE risk forums, share applicable risk best practices.

 

Information Technology:

Meet with the Retained Businesses’ management and GE, auditors,
regulators to provide historical perspectives and strategy or consultation on
emerging issues, participate in GE information technology councils, share
applicable emerging technology practices related to strategy, standards
selection and cost reduction initiatives.

 

Marketing & Product Management:

Participate in joint sales calls for mutual GE/Company customers, meet
with the Retained Businesses’ management and other GE management to provide
perspectives with respect to the insurance industry, and share applicable
marketing best practices.

 

Operations & Six Sigma:

Meet with the Retained Businesses’ or GE associates to provide
reasonable assistance with issue resolution directly related to historical
management participation and emerging issues, make available training in
insurance specific classes developed and delivered by Company subject to
availability, providing training classes and materials on LEAN and Company-
created LEAN tools for financial services operations subject to availability
(GE to pay its own travel and living expenses), participate in the Engineering
Leadership Council, meet with the Retained Businesses’ management to provide
perspectives with respect to the insurance industry, share applicable
operations best practices.

 

Actuarial:

Provide general support, advice, and strategy with respect to GE’s
Retained Businesses and reinsurance business. 
Meet with the Retained Businesses’ management to plan for and provide
assistance with rating agency relations, accompany the Retained Businesses’
management to ratings agency meetings, assist the actuarial department of GE’s
reinsurance business, meet with the Retained Businesses’ associates to provide
reasonable assistance with issue resolution directly related to historical
management participation, meet with the Retained Businesses’ management,
auditors, regulators to provide historical perspectives, share applicable
actuarial best practices.

 

Human Resources:

Participate in GE HR councils and share applicable HR best practices,
and make available to GE the Company leadership training classes subject to
availability (GE to pay its own travel and living expenses).  In addition the Company will make such appropriate subject
matter experts reasonably available to provide consultation and assistance to
GE with respect any employment-related lawsuit(s) related to Financial Guaranty
Insurance Company for which GE is financially

 

2

 

responsible and that are pending as of
January 1, 2004, until such lawsuit(s) are settled or otherwise finally
adjudicated with no further right of appeal.

 

3

 

Schedule F

 

BUSINESS
ASSOCIATE ADDENDUM

 

I.              Purpose.

 

In order to disclose
certain information to Provider under this Addendum, some of which may
constitute Protected Health Information (“PHI”) (defined below), Recipient and
Provider mutually agree to comply with the terms of this Addendum for the
purpose of satisfying the requirements of the Health Insurance Portability and
Accountability Act of 1996 (“HIPAA”) and its implementing privacy regulations
at 45 C.F.R. Parts 160-164 (“HIPAA Privacy Rule”).   These provisions shall apply to Provider to the extent that
Provider is considered a “Business Associate” under the HIPAA Privacy Rule and
all references in this section to Business Associates shall refer to
Provider.  Capitalized terms not
otherwise defined herein shall have the meaning assigned in the Agreement.  Notwithstanding anything else to the
contrary in the Agreement, in the event of a conflict between this Addendum and
the Agreement, the terms of this Addendum shall prevail.

 

II.            Permitted Uses and Disclosures.

 

A.    Business
Associate agrees to use or disclose Protected Health Information (“PHI”) that
it creates for or receives from Recipient or its Subsidiaries only as
follows.  The capitalized term
“Protected Health Information or PHI” has the meaning set forth in 45 Code of
Federal Regulations Section 164.501, as amended from time to time.  Generally, this term means individually
identifiable health information including, without limitation, all information,
data and materials, including without limitation, demographic, medical and
financial information, that relates to the past, present, or future physical or
mental health or condition of an individual; the provision of health care to an
individual; or the past present, or future payment for the provision of health
care to an individual; and that identifies the individual or with respect to
which there is a reasonable basis to believe the information can be used to
identify the individual.  This
definition shall include any demographic information concerning members and
participants in, and applicants for, Recipient’s or its Subsidiaries’ health
benefit plans.  All other terms used in
this Addendum shall have the meanings set forth in the applicable definitions
under the HIPAA Privacy Rule.

 

B.    Functions and Activities on Company’s Behalf.  Business Associate is permitted to use and
disclose PHI it creates for or receives from Recipient or its Subsidiaries only
for the purposes described in this Addendum or the Agreement that are not
inconsistent with the provisions of this Addendum, or as required by law, or
following receipt of prior written approval from whichever of the Recipient or
its Subsidiary for which the relevant PHI was created or from which the
relevant PHI was received.  In addition
to these specific requirements below, Business Associate may use or disclose
PHI only in a manner that would not violate the HIPAA Privacy Rule if done by
the Recipient or its Subsidiaries.  

 

C.    Business
Associate’s Operations.  Business
Associate is permitted by this Agreement to use PHI it creates for or receives
from Recipient or its Subsidiaries: (i) if such

 

 

use is reasonably necessary for Business Associate’s proper management
and administration; and (ii) as reasonably necessary to carry out Business
Associate’s legal responsibilities. Business Associate is permitted to disclose
PHI it creates for or receives from Recipient or its Subsidiaries for the
purposes identified in this Section only if the following conditions are met:

 

(1)  The
disclosure is required by law; or

 

(2)  The disclosure is
reasonably necessary to Business Associate’s proper management and
administration, and Business Associate obtains reasonable assurances in writing
from any person or organization to which Business Associate will disclose such
PHI that the person or organization will:

 

a. Hold such PHI as confidential and use or further disclose it only
for the purpose for which Business Associate disclosed it to the person or
organization or as required by law; and

 

b. Notify Business Associate (who will in turn
promptly notify whichever of the Recipient or its Subsidiary for which the
relevant PHI was created or from which the relevant PHI was received) of any
instance of which the person or organization becomes aware in which the
confidentiality of such PHI was breached.

 

D.    Minimum
Necessary Standard.  In performing
the functions and activities on Recipient’s or its Subsidiaries’ behalf
pursuant to the Agreement, Business Associate agrees to use, disclose or
request only the minimum necessary PHI to accomplish the purpose of the use,
disclosure or request.  Business
Associate must have in place policies and procedures that limit the PHI
disclosed to meet this minimum necessary standard.

 

E.     Prohibition on Unauthorized Use or Disclosure. 
Business Associate will neither use nor disclose PHI it creates or
receives for or from Recipient, its Subsidiaries, or from another business
associate of Recipient or its Subsidiaries, except as permitted or required by
this Addendum or the Agreement that are not inconsistent with the provisions of
this Addendum, or as required by law, or following receipt of prior written
approval from whichever of the Recipient or its Subsidiary for which the
relevant PHI was created or from which the relevant PHI was received.

 

F.     De-identification of Information.  Business Associate agrees neither to de-identify PHI it creates
for or receives from Recipient or its Subsidiaries or from another business associate
of Recipient or its Subsidiaries, nor use or disclose such de-identified PHI,
unless such de-identification is expressly permitted under the terms and
conditions of this Addendum or the Agreement and related to Recipient’s or its
Subsidiaries’ activities for purposes of “treatment”, “payment” or “health care
operations”, as those terms are defined under the HIPAA Privacy Rule.  De-identification of PHI, other than as
expressly permitted under the terms and conditions of the Addendum for Business
Associate to perform services for Recipient or its Subsidiaries, is not a
permitted use of PHI under this Addendum. 
Business Associate further agrees that it will not create a “Limited
Data Set” as defined by the HIPAA Privacy Rule using PHI it creates or receives,
or receives from another business

 

2

 

associate of Recipient or its Subsidiaries, nor use or disclose such
Limited Data Set unless: (i) such creation, use or disclosure is expressly
permitted under the terms and conditions of this Addendum or the Agreement that
are not inconsistent with the provisions of this Addendum; and such creation,
use or disclosure is for services provided by Business Associate that relate to
Recipient’s or its Subsidiaries’ activities for purposes of “treatment”,
“payment” or “health care operations”, as those terms are defined under the
HIPAA Privacy Rule.

 

G.    Information Safeguards.  Business
Associate will develop, document, implement, maintain and use appropriate
administrative, technical and physical safeguards to preserve the integrity and
confidentiality of and to prevent non-permitted use or disclosure of PHI
created for or received from Recipient or its Subsidiaries.  These safeguards must be appropriate to the
size and complexity of Business Associate’s operations and the nature and scope
of its activities.  Business Associate
agrees that these safeguards will meet any applicable requirements set forth by
the U.S. Department of Health and Human Services, including (as of the
effective date or as of the compliance date, whichever is applicable) any
requirements set forth in the final HIPAA security regulations.  Business Associate agrees to mitigate, to
the extent practicable, any harmful effect that is known to Business Associate
resulting from a use or disclosure of PHI by Business Associate in violation of
the requirements of this Addendum.

 

III.           Conducting Standard Transactions.  In the course of performing services for
Recipient or its Subsidiaries, to the extent that Business Associate will
conduct Standard Transactions for or on behalf of Recipient or its
Subsidiaries, Business Associate will comply, and will require any
subcontractor or agent involved with the conduct of such Standard Transactions
to comply, with each applicable requirement of 45 C.F.R. Part 162.  “Standard Transaction(s)” shall mean a
transaction that complies with the standards set forth at 45 C.F.R. parts 160
and 162.  Further, Business Associate
will not enter into, or permit its subcontractors or agents to enter into, any
trading partner agreement in connection with the conduct of Standard
Transactions for or on behalf of the Recipient or its Subsidiaries that:

 

a.               Changes the
definition, data condition, or use of a data element or segment in a Standard
Transaction;

 

b.              Adds any data
element or segment to the maximum defined data set;

 

c.               Uses any code or
data element that is marked “not used” in the Standard Transaction’s
implementation specification or is not in the Standard Transaction’s implementation
specification; or

 

d.              Changes the meaning
or intent of the Standard Transaction’s implementation specification.

 

IV.           Sub-Contractors, Agents or Other Representatives.   Business Associate will require any of its subcontractors, agents
or other representatives to which Business Associate is permitted by this
Addendum or the Agreement (or is otherwise given Recipient’s or the relevant
Subsidiary’s prior written approval) to disclose any of the PHI Business
Associate creates or receives for or

 

3

 

from Recipient or its
Subsidiaries, to provide reasonable assurances in writing that subcontractor or
agent will comply with the same restrictions and conditions that apply to the
Business Associate under the terms and conditions of this Addendum with respect
to such PHI.

 

V.            Protected Health Information Access, Amendment and
Disclosure Accounting.

 

A.    Access.  Business Associate
will promptly upon Recipient’s or its Subsidiary’s request make available to
Recipient, its Subsidiary, or, at Recipient’s or such Subsidiary’s direction,
to the individual (or the individual’s personal representative) for inspection
and obtaining copies any PHI about the individual which Business Associate
created for or received from Recipient or its Subsidiary and that is in
Business Associate’s custody or control, so that Recipient or its Subsidiary
may meet its access obligations under 45 Code of Federal Regulations
§ 164.524.

 

B.    Amendment.  Upon Recipient’s or its
Subsidiary’s request Business Associate will promptly amend or permit Recipient
or its Subsidiary access to amend any portion of the PHI which Business
Associate created for or received from Recipient or its Subsidiary, and
incorporate any amendments to such PHI, so that Recipient or its Subsidiary may
meet its amendment obligations under 45 Code of Federal Regulations § 164.526.

 

C.    Disclosure Accounting.  So that Recipient or its Subsidiaries may meet their disclosure
accounting obligations under 45 Code of Federal Regulations § 164.528:

 

1.     Disclosure
Tracking.  Business Associate will
record for each disclosure, not excepted from disclosure accounting under
Section V.C.2 below, that Business Associate makes to Recipient or its
Subsidiaries of PHI that Business Associate creates for or receives from
Recipient or its Subsidiaries, (i) the disclosure date, (ii) the name and
member or other policy identification number of the person about whom the
disclosure is made, (iii) the name and (if known) address of the person or entity
to whom Business Associate made the disclosure, (iv) a brief description of the
PHI disclosed, and (v) a brief statement of the purpose of the disclosure
(items i-v, collectively, the “disclosure information”).  For repetitive disclosures Business Associate
makes to the same person or entity (including Recipient or its Subsidiaries)
for a single purpose, Business Associate may provide a) the disclosure
information for the first of these repetitive disclosures, (b) the frequency,
periodicity or number of these repetitive disclosures and (c) the date of the
last of these repetitive disclosures. 
Business Associate will make this disclosure information available to
Recipient or its Subsidiaries promptly upon Recipient’s or its Subsidiaries’
request.

 

2.     Exceptions
from Disclosure Tracking.  Business
Associate need not record disclosure information or otherwise account for
disclosures of PHI that this Addendum or Recipient or the relevant Subsidiary
in writing permits or requires (i) for the purpose of Recipient’s or its
Subsidiaries’ treatment activities, payment activities, or health care
operations, (ii) to the individual who is the subject of the PHI disclosed or
to that individual’s personal representative; (iii) to persons involved in that
individual’s health care or payment for health care; (iv) for notification for
disaster relief purposes, (v) for national security or intelligence purposes,
(vi) to law enforcement officials or correctional

 

4

 

institutions regarding inmates; or   (vii) pursuant to an
authorization; (viii) for disclosures of certain PHI made as part of a Limited
Data Set; (ix) for certain incidental disclosures that may occur where
reasonable safeguards have been implemented; and (x) for disclosures prior to
April 14, 2003.

 

3.     Disclosure
Tracking Time Periods.  Business
Associate must have available for Recipient and its Subsidiaries the disclosure
information required by this section for the 6 years preceding Recipient’s or
its Subsidiaries’ request for the disclosure information (except Business
Associate need have no disclosure information for disclosures occurring before
April 14, 2003).

 

VI.           Additional Business Associate
Provisions.

 

A.    Reporting
of Breach of Privacy Obligations. 
Business Associate will provide written notice to whichever of the
Recipient or its Subsidiary for which the relevant PHI was created or from
which the relevant PHI was received of any use or disclosure of PHI that is
neither permitted by this Addendum nor given prior written approval by
Recipient or the relevant Subsidiary promptly after Business Associate learns
of such non-permitted
use or disclosure.  Business Associate’s
report will at least:

 

(i)                                     Identify
the nature of the non-permitted use or disclosure;

 

(ii)                                  Identify
the PHI used or disclosed;

 

(iii)                               Identify
who made the non-permitted use or received the non-permitted disclosure;

 

(iv)                              Identify
what corrective action Business Associate took or will take to prevent further
non-permitted uses or disclosures;

 

(v)                                 Identify
what Business Associate did or will do to mitigate any deleterious effect of
the non-permitted use or disclosure; and

 

(vi)                              Provide
such other information, including a written report, as Recipient or the
relevant Subsidiary may reasonably request.

 

B.    Amendment.  Upon the effective date
of any final regulation or amendment to final regulations promulgated by the
U.S. Department of Health and Human Services with respect to PHI, including,
but not limited to the HIPAA privacy and security regulations, this Addendum
and the Agreement will automatically be amended so that the obligations they
impose on Business Associate remain in compliance with these regulations.

 

In addition, to the extent that new state or federal
law requires changes to Business Associate’s obligations under this Addendum,
this Addendum shall automatically be amended to include such additional
obligations, upon notice by Recipient or its Subsidiaries to Business Associate
of such obligations.  Business
Associate’s continued performance of services under the Agreement shall be
deemed acceptance of these additional obligations.

 

5

 

C.    Audit and Review of Policies and Procedures.  Business
Associate agrees to provide, upon Recipient request, access to and copies of
any policies and procedures developed or utilized by Business Associate
regarding the protection of PHI. 
Business Associate agrees to provide, upon Recipient’s request, access
to Business Associate’s internal practices, books, and records, as they relate
to Business Associate’s services, duties and obligations set forth in this
Addendum and the Agreement(s) under which Business Associate provides services
and / or products to or on behalf of Recipient or its Subsidiaries, for
purposes of Recipient’s or its Subsidiaries’ review of such internal practices,
books, and records.

 

6

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