Document:

Exhibit 4.10

 Exhibit 4.10 
  
 CUSTODIAL AGREEMENT 
  
 among 
  
 SUNTRUST BANK, 
 as Custodian,

  
 JPMORGAN CHASE BANK, N.A., 
 as Indenture Trustee 
  
 and 
  
 THE BANK OF NEW YORK, 
 as Trustee 
  
 Dated as of [l], 2005 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	PAGE

	ARTICLE 1	  	 
	DEFINITIONS	  	 
			
	SECTION 1.1.	 	 Incorporation of Definitions by Reference
	  	2
	SECTION 1.2.	 	 Trust Includes Trustee on Behalf of the Trust
	  	2
		
	ARTICLE 2	  	 
	APPOINTMENT OF CUSTODIAN	  	 
			
	SECTION 2.1.	 	 Appointment of Custodian
	  	2
	SECTION 2.2.	 	 Custodian Not Subject to Direction of Trustee
	  	2
	SECTION 2.3.	 	 Custodian Not Agent of Indenture Trustee
	  	2
		
	ARTICLE 3	  	 
	DELIVERY OF GELAAC FUNDING AGREEMENTS	  	 
			
	SECTION 3.1.	 	 Delivery of GELAAC Funding Agreements
	  	3
	SECTION 3.2.	 	 Limited Interest of Trusts
	  	3
	SECTION 3.3.	 	 Security Interest of Indenture Trustee
	  	3
	SECTION 3.4.	 	 Indenture Trustee Covenant to Abide by Custodial Agreement
	  	3
		
	ARTICLE 4	  	 
	INSPECTION OF GELAAC FUNDING AGREEMENTS, BOOKS AND
RECORDS	  	 
			
	SECTION 4.1.	 	 Inspection of GELAAC Funding Agreements
	  	3
	SECTION 4.2.	 	 Inspection of Books and Records
	  	3
		
	ARTICLE 5	  	 
	DUTIES OF CUSTODIAN	  	 
			
	SECTION 5.1.	 	 General
	  	4
	SECTION 5.2.	 	 Merger, Conversion or Consolidation of Custodian
	  	5
	SECTION 5.3.	 	 Compliance with Writs, Orders or Decrees
	  	6
	SECTION 5.4.	 	 Delegation of Duties
	  	6
	SECTION 5.5.	 	 No Constructive Knowledge
	  	6
	SECTION 5.6.	 	 Reliance
	  	6
	SECTION 5.7.	 	 Release of GELAAC Funding Agreements
	  	6
	SECTION 5.8.	 	 Limitations of Custodian Responsibility
	  	7
	SECTION 5.9.	 	 Other Activities of the Custodian
	  	7

  

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	ARTICLE 6
	FEES AND COMPENSATION	  	 
			
	 SECTION 6.1.
	 	 Compensation, Expenses and Indemnification
	  	7
		
	ARTICLE 7	  	 
	REPRESENTATIONS, WARRANTIES AND COVENANTS OF CUSTODIAN	  	 
			
	SECTION 7.1.	 	 Representations and Warranties of Custodian
	  	8
	SECTION 7.2.	 	 Covenants of Custodian
	  	8
		
	ARTICLE 8	  	 
	TERMINATION	  	 
			
	SECTION 8.1.	 	 General
	  	9
	SECTION 8.2.	 	 Termination by Custodian
	  	9
	SECTION 8.3.	 	 Termination by Indenture Trustee Without Cause
	  	9
	SECTION 8.4.	 	 Termination by Indenture Trustee for Cause
	  	10
	SECTION 8.5.	 	 Liabilities After Termination
	  	11
	SECTION 8.6.	 	 Appointment of Successor Custodian
	  	11
	SECTION 8.7.	 	 Rights and Remedies of Indenture Trustee Regarding Termination
	  	11
	SECTION 8.8.	 	 Actions Upon Termination
	  	11
		
	ARTICLE 9	  	 
	LIMITATION OF TRUSTEE LIABILITY	  	 
			
	SECTION 9.1.	 	 Trustee Liability
	  	12
		
	ARTICLE 10	  	 
	GENERAL PROVISIONS	  	 
			
	SECTION 10.1.	 	 Binding Effect; Successors, Transferees and Assigns
	  	13
	SECTION 10.2.	 	 Amendments
	  	13
	SECTION 10.3.	 	 Assignment of GELAAC Funding Agreements
	  	13
	SECTION 10.4.	 	 Notices
	  	13
	SECTION 10.5.	 	 Address of Custodian
	  	14
	SECTION 10.6.	 	 Waiver of Certain Rights
	  	15
	SECTION 10.7.	 	 Provisions Separable
	  	15
	SECTION 10.8.	 	 Governing Law
	  	15
	SECTION 10.9.	 	 Waiver of Jury Trial
	  	15
	SECTION 10.10.	 	 Headings Not to Affect Interpretation
	  	15
	SECTION 10.11.	 	 Counterparts
	  	15
			
	 EXHIBIT A
	 	 CERTIFICATE REGARDING CUSTODY OF THE FUNDING
AGREEMENT
	  	 

  

 ii 

 THIS CUSTODIAL AGREEMENT (this “Custodial
Agreement”) is entered into as of [l], 2005, among SUNTRUST BANK, a Georgia banking corporation, organized under the laws of the State
of Georgia, acting as Custodian (the “Custodian”), JPMORGAN CHASE BANK, N.A., a national banking association duly incorporated and existing under the laws of the United States of America, not in its individual capacity but solely as
indenture trustee (including any successor or permissible assignee, in such capacity, the “Indenture Trustee”) for one or more series of the Notes (as defined below), each to be issued by a common law trust (each, a
“Trust”) organized in connection with the Program (as defined in each Indenture (as defined below)), and THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely as trustee (including any
successor or permissible assignee, in such capacity, the “Trustee”) on behalf of each Trust organized in connection with the Program. 
  
 WHEREAS, the Program provides for the issuance from time to time of one or more series of medium-term notes (the “Notes”)
each of which is to be issued pursuant to a separate indenture for each series of Notes among the relevant Trust and other parties named therein, as each may be amended, modified, restated, supplemented and/or replaced from time to time (each, an
“Indenture” and, with respect to the relevant Trust, the “Relevant Indenture”); 
  
 WHEREAS, in connection with the issuance and sale of the Notes, each Trust will purchase from GE Life and Annuity Assurance Company
(“GELAAC”) a Funding Agreement (as defined in the Relevant Indenture) relating to Notes issued by such Trust (each such Funding Agreement, a “GELAAC Funding Agreement”); 
  
 WHEREAS, to secure the full and punctual payment of the
Secured Obligations (as defined in the Relevant Indenture) in accordance with the terms thereof and to secure the performance of each Trust’s obligations under the related Notes and Indenture, each Trust will assign and pledge the related
GELAAC Funding Agreement to the Indenture Trustee for the ratable benefit of each Holder (as defined in the Relevant Indenture) pursuant to Section 4.01 of the Relevant Indenture; 
  
 WHEREAS, the parties desire that each GELAAC Funding Agreement be held in the Commonwealth of Virginia at all
times prior to the occurrence and continuance of an Event of Default (with respect to each GELAAC Funding Agreement, as defined therein); 
  
 WHEREAS, each Trust and the Indenture Trustee desire that the Custodian be appointed as custodian for the Indenture Trustee, to hold in
safe custody for the benefit of the Indenture Trustee, on the terms and conditions provided in this Custodial Agreement, the GELAAC Funding Agreement issued to such Trust in connection with the issuance of Notes of such Trust and pledged and
assigned by such Trust to the Indenture Trustee for the ratable benefit of each Holder pursuant to Section 4.01 of the Relevant Indenture; and 
  

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 WHEREAS, the Custodian has the power and ability sufficient to undertake and to discharge
the duties accepted by it under this Custodial Agreement; 
  
 NOW, THEREFORE, in consideration of the foregoing premises and the covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto
covenant and agree as follows: 
  
 ARTICLE 1 
 DEFINITIONS 
  
 SECTION 1.1. Incorporation of Definitions by Reference. All capitalized terms used herein and not otherwise defined shall have the meanings
ascribed to such terms in the Standard Indenture Terms filed as an exhibit to the registration statement concerning the Program. 
  
 SECTION 1.2. Trust Includes Trustee on Behalf of Trust. Unless the context requires otherwise, all references in this Custodial Agreement to the
“Trust” shall also include the Trustee, on behalf of any such Trust. 
  
 ARTICLE 2 
 APPOINTMENT OF CUSTODIAN 
  
 SECTION 2.1. Appointment of Custodian. In accordance with, and
pursuant to, the Indenture, the Indenture Trustee hereby appoints the Custodian and the Custodian hereby acknowledges and agrees that it will act as custodian for the benefit of the Indenture Trustee and the Holders with respect to each GELAAC
Funding Agreement that is pledged and collaterally assigned to the Indenture Trustee pursuant to the Indenture for the relevant series of Notes, and that comes into the physical custody or possession of the Custodian under this Custodial Agreement,
until the earlier of (a) such time when the Indenture Trustee notifies the Custodian in writing to the contrary, whereupon such physical custody and possession of each GELAAC Funding Agreement specified in such notice will be transferred to the
Indenture Trustee or another Person in the manner directed by the Indenture Trustee, (b) the termination of this Custodial Agreement or (c) such time as otherwise provided in the Indenture. Acceptance by the Custodian of this appointment
is conclusively evidenced by its execution of this Custodial Agreement. 
  
 SECTION 2.2. Custodian Not Subject to Direction of Trustee. In no event shall the Custodian, in such custodial role, be construed to be subject to the direction of any Trust, or be required to deliver any such GELAAC Funding
Agreement to any Trust, without the express written consent of the Indenture Trustee. 
  
 SECTION 2.3. Custodian Not Agent of Indenture Trustee. The Custodian is an independent contractor in relation to, and not an agent of, the Indenture Trustee, and shall have no authority to act for or represent
the Indenture Trustee except as expressly set forth herein. 
  

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 ARTICLE 3 
 DELIVERY OF GELAAC FUNDING AGREEMENTS 
  
 SECTION 3.1. Delivery of GELAAC Funding Agreements. The Indenture Trustee shall, for safekeeping, deposit each GELAAC Funding Agreement with
and deliver each GELAAC Funding Agreement into, or cause each GELAAC Funding Agreement to be deposited with and delivered into, the actual exclusive and continuous possession and control of the Custodian as custodian of the Indenture Trustee.

  
 SECTION 3.2. Limited Interest of Trusts. Each Trust
shall retain and reserve only such interests, claims or rights in the GELAAC Funding Agreements issued to such Trust as are set forth herein, in the Indenture and in the letters or other such documents as are used to effect such Trust’s pledge
and collateral assignment of the applicable GELAAC Funding Agreement to the Indenture Trustee and to record GELAAC’s acknowledgement thereof. 
  
 SECTION 3.3. Security Interest of Indenture Trustee. Delivery of any GELAAC Funding Agreement to the Custodian shall, without any further act or
condition, constitute conclusive evidence against the relevant Trust to which it was issued and all third parties of the Indenture Trustee’s security interest therein. 
  
 SECTION 3.4. Indenture Trustee Covenant to Abide by Custodial Agreement. The Indenture Trustee hereby covenants that,
at all times prior to an Event of Default and so long as it retains a security interest or other ownership interest in a Funding Agreement, it will take no action to terminate or to cause the termination of this Custodial Agreement (except as
permitted by Article 8), and it will abide by the requirement herein that the physical custody and possession of each such Funding Agreement be at the location provided in Section 10.5 hereof or at such other location within the Commonwealth of
Virginia as may be designated by the Custodian by notice in writing to each of GELAAC, the applicable Trust and the Indenture Trustee. 
  
 ARTICLE 4 
 INSPECTION
OF GELAAC FUNDING AGREEMENTS, BOOKS AND RECORDS 
  
 SECTION 4.1. Inspection of GELAAC Funding Agreements. So long as any series of Notes is Outstanding, GELAAC, the Indenture Trustee and the Trust
that issued such Notes, by or through their attorneys, agents or employees, shall each be entitled, but shall be under no obligation, at any mutually agreeable time, during normal business hours, at the expense of such Trust, upon two Business
Days’ notice to the Custodian, to examine and audit each GELAAC Funding Agreement held by the Custodian. 
  
 SECTION 4.2. Inspection of Books and Records. The Custodian shall maintain appropriate books and records relating to services performed by it with
respect to each GELAAC Funding Agreement and, so long as any Notes are Outstanding, GELAAC, the Indenture Trustee and each Trust, by or through their attorneys, agents or employees, shall each be entitled, but shall be under no obligation, at any
mutually agreeable time, during normal business hours, at the expense of such Trust, upon two Business Days’ notice to the Custodian, to examine such books and records. 
  

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 ARTICLE 5 
 DUTIES OF CUSTODIAN 
  
 SECTION 5.1. General. The Custodian shall: 
  

	 	(a)	on behalf of the Indenture Trustee, accept and hold each GELAAC Funding Agreement in the Commonwealth of Virginia at its address indicated in Section 10.5 hereof as custodian
of the Indenture Trustee, subject to the provisions of this Custodial Agreement, the Indenture and each such GELAAC Funding Agreement; 

  

	 	(b)	have and maintain open, notorious, continuous, active and exclusive possession, dominion and control over each GELAAC Funding Agreement delivered to it under this Custodial
Agreement, subject only to the rights and interest of the Indenture Trustee and the Trust to which it was issued; 

  

	 	(c)	from time to time, certify the receipt of each GELAAC Funding Agreement as may be reasonably requested by the Indenture Trustee or the Trust to which it was issued;

  

	 	(d)	from time to time upon request by (i) the Indenture Trustee or (ii) each applicable Trust and the Indenture Trustee, submit such information and take such action as may be
reasonably required by each such Trust or the Indenture Trustee to assure that each GELAAC Funding Agreement is maintained in a proper and secure condition; 

  

	 	(e)	upon receipt of any GELAAC Funding Agreement, issue to the Indenture Trustee and the applicable Trust a certificate relating to the relevant GELAAC Funding Agreement in
substantially the form of Exhibit A attached hereto; 

  

	 	(f)	upon its receipt of written notice from the Indenture Trustee that an Event of Default has occurred with respect to any GELAAC Funding Agreement and at the written direction of the
Indenture Trustee, deliver each such GELAAC Funding Agreement to the Indenture Trustee; 

  

	 	(g)	at its own expense, maintain at all times during the term of this Custodial Agreement and keep in full force and effect (i) fidelity insurance, (ii) theft of documents
insurance and (iii) forgery insurance; provided, that such insurance shall be in amounts, with standard coverage and subject to deductibles, as are customary for similar insurance typically maintained by financial institutions that act
as custodians in similar transactions; 

  

 4 

	 	(h)	unless otherwise specified herein, in providing services hereunder with respect to any GELAAC Funding Agreement, follow the written instructions received from the Indenture Trustee;

  

	 	(i)	exercise the same reasonable care and diligence in the possession, retention and protection of each GELAAC Funding Agreement delivered to it under this Custodial Agreement as it
exercises or would exercise toward its own similar property; 

  

	 	(j)	except as otherwise required by applicable law or by a governmental authority with regulatory jurisdiction over the Custodian, maintain the confidentiality of the information
provided hereunder and in each GELAAC Funding Agreement, and not disclose or in any way communicate such information to third parties without the express written consent of each applicable Trust (provided, however, that notwithstanding
anything herein to the contrary and except as reasonably necessary to comply with any applicable federal and state securities laws, the Custodian (and each employee, representative or other agent of the Custodian) may disclose to any and all
persons, without limitation of any kind, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to the Custodian relating to
such U.S. federal and state income tax treatment and tax structure, where “tax structure” is any fact that may be relevant to understanding the U.S. federal or state income tax treatment of the transaction); 

  

	 	(k)	request written direction from the Indenture Trustee and rely upon such written direction in the event that (i) any dispute shall arise between the parties with respect to the
disposition of any GELAAC Funding Agreement held hereunder or (ii) the Custodian shall be uncertain as to how to proceed in a situation not explicitly addressed by the terms of this Custodial Agreement whether because of conflicting demands by
the other parties hereto or otherwise; and 

  

	 	(l)	have only those duties as are specifically provided herein, which shall be deemed purely ministerial in nature, and shall under no circumstance be deemed a fiduciary for any of the
parties to this Custodial Agreement. 

  
 SECTION
5.2. Merger, Conversion or Consolidation of Custodian. Notwithstanding anything herein to the contrary, any banking association or corporation into which the Custodian may be merged, converted or with which the Custodian may be consolidated,
or any corporation resulting from any merger, conversion or consolidation to which the Custodian shall be a party, or any banking association or corporation to which all or substantially all of the corporate trust business of the Custodian shall be
transferred, shall succeed to all the Custodian’s rights, obligations and immunities hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto. 
  

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 SECTION 5.3. Compliance with Writs, Orders or Decrees. In the event that any GELAAC Funding
Agreement shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property
deposited under this Custodial Agreement, the Custodian is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is
binding upon it, whether with or without jurisdiction, and in the event the Custodian obeys or complies with any such writ, order or decree it shall not be liable to any of the parties hereto or to any other Person by reason of such compliance,
notwithstanding such writ, order or decree be subsequently reversed, modified, annulled, set aside or vacated. The Custodian shall give the Indenture Trustee and the applicable Trust prompt notice of any writ, order or decree referred to in this
Section. 
  
 SECTION 5.4. Delegation of Duties. The
Custodian shall not employ any third party institution to carry out any of the services to be provided hereunder without the express written consent of the Indenture Trustee and each applicable Trust (after consultation, in the case of such Trust,
with GELAAC), which consent shall not be unreasonably withheld. 
  
 SECTION 5.5. No Constructive Knowledge. The Custodian shall not be deemed to have knowledge of the occurrence of an Event of Default unless the Custodian receives written notice of such Event of Default from either of the Indenture
Trustee or the applicable Trust. 
  
 SECTION 5.6. Reliance.
In performance of its duties under this Custodial Agreement, the Custodian shall be permitted to rely on any certificate, instrument, document or communication believed by it to be genuine, correct and signed by the proper Person or Persons. The
applicable Trust and the Indenture Trustee shall each execute and deliver to the Custodian a certificate of incumbency for the purpose of establishing the identity of the representatives of such Trust and the Indenture Trustee entitled to issue
instructions or directions to the Custodian on behalf of each such party. In the event of any change in the identity of such representatives, a new certificate of incumbency shall be executed and delivered to the Custodian by the appropriate party.
Until such time as the Custodian shall receive a new incumbency certificate, the Custodian shall be fully protected in relying without inquiry on any then current incumbency certificate on file with the Custodian. 
  
 SECTION 5.7. Release of GELAAC Funding Agreements.
Except as consented to by the Indenture Trustee or as otherwise provided in the Indenture and this Custodial Agreement, the Custodian shall not release any GELAAC Funding Agreement from its possession without receiving a prior written request duly
executed on behalf of the Indenture Trustee. 
  

 6 

 SECTION 5.8. Limitations of Custodian Responsibility. 
  

	 	(a)	The Custodian assumes no responsibility under this Custodial Agreement other than to render the services contemplated hereunder. 

  

	 	(b)	The Custodian assumes no responsibility for the effectiveness, genuineness, validity or enforceability of any GELAAC Funding Agreement in its custody or for making any inquiry into
any such GELAAC Funding Agreement. 

  

	 	(c)	The Custodian shall not be liable or deemed to be in default for any failure or delay in performance of any duty in whole or in part arising out of or caused by any of the
following: major external flood; earthquake; “act of God”; failure of public utility; act of war; act of terrorism; or rebellion or revolution in the United States. 

  
 SECTION 5.9. Other Activities of the Custodian.

  

	 	(a)	Nothing herein shall prevent the Custodian or any of its Affiliates from engaging in other businesses, or from rendering services of any kind to any Trust and its Affiliates, the
Indenture Trustee or any other Person or entity to the extent permitted by applicable law. 

  

	 	(b)	It is understood that the Custodian and any of its Affiliates may engage in any other business and furnish custodial services to others. 

  

	 	(c)	The Custodian will be free, in its sole discretion, to effect transactions on behalf of itself or for others, which may be the same as or different from those effected under this
Custodial Agreement. 

  

	 	(d)	The Custodian shall have the right, but not the obligation to consult with counsel of choice and shall not be liable for action taken or omitted to be taken by the Custodian either
in accordance with the advice of such counsel or in accordance with any opinion of counsel to any Trust addressed and delivered to the Custodian. Any expenses of such counsel shall be paid by GELAAC in accordance with the Expense and Indemnity
Agreement (defined below) to the extent provided therein or in accordance with Section 7.10 of the Indenture to the extent provided therein. 

  

ARTICLE 6 
 FEES
AND COMPENSATION 
  
 SECTION 6.1.
Compensation, Expenses and Indemnification. The Custodian shall be entitled to compensation, expenses and indemnification as set forth in that certain Expense and Indemnity Agreement (the “Expense and Indemnity
Agreement”) dated as of [l], 2005 entered into between the Custodian and GELAAC. The Indenture Trustee shall have no liability for the
compensation, expenses or indemnities of the Custodian. 
  

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 ARTICLE 7 
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF CUSTODIAN 
  
 SECTION 7.1. Representations and Warranties of Custodian. The Custodian hereby represents and warrants to the
Indenture Trustee and each Trust that: 
  

	 	(a)	it is a Georgia banking corporation, duly organized and validly existing under the laws of the State of Georgia and has full power and authority to own its assets and to transact
the business in which it is currently engaged and is duly qualified and in good standing under the laws of each jurisdiction where its ownership or lease of property or the conduct of its business requires, or the performance of this Custodial
Agreement would require, such qualification; 

  

	 	(b)	it, and each Person acting on its behalf, has full power and authority to execute and deliver this Custodial Agreement and to perform all of its obligations under this Custodial
Agreement; 

  

	 	(c)	this Custodial Agreement, and each instrument and document required hereunder that was executed and delivered by, or on behalf of, the Custodian, has been executed and delivered by
a duly authorized officer of the Custodian; and 

  

	 	(d)	this Custodial Agreement constitutes a valid and legally binding obligation of the Custodian enforceable against the Custodian in accordance with its terms, except as enforcement
may be limited by general principles of equity and bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally. 

  
 SECTION 7.2. Covenants of Custodian. The Custodian hereby covenants to the Indenture Trustee and each Trust that:

  

	 	(a)	at all times it will maintain physical custody and possession of each GELAAC Funding Agreement deposited with it pursuant to the terms of this Custodial Agreement within the
Commonwealth of Virginia at the location specified in Section 10.5 hereof or at such other location within the Commonwealth of Virginia designated by the Custodian, subject to the provisions of this Custodial Agreement, the Indenture and each
such GELAAC Funding Agreement; 

  

	 	(b)	each instrument and document required to be executed or delivered by, or on behalf of, the Custodian shall be executed and delivered by a duly authorized officer of the Custodian;

  

	 	(c)	prior to any affiliation with any Trust in the future, it shall notify the Indenture Trustee of any such contemplated affiliation unless such affiliation is solely as a result of
the Custodian acting in a fiduciary capacity with respect to a holder of Notes; and 

  

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	 	(d)	it, in its individual capacity and in its capacity as Custodian, shall not institute, or join any other Person in instituting, against any Trust any bankruptcy, reorganization,
arrangement, insolvency, moratorium or liquidation proceedings or other proceedings under federal or state bankruptcy or similar laws until at least one year and one day (or, if longer, the applicable preference period then in effect) after the
payment in full of all Notes issued by any Trust in connection with the Program. 

  
 ARTICLE 8 
 TERMINATION 
  
 SECTION 8.1. General. This Custodial Agreement and the duties and
responsibilities of the Custodian hereunder shall remain in effect until the occurrence of one or more of the following events: 
  

	 	(a)	delivery to the Custodian by the Indenture Trustee of a written certification signed by the Indenture Trustee that each Trust has paid and discharged all obligations to the
Indenture Trustee with respect to the Notes issued by such Trusts and that the Program has been terminated; 

  

	 	(b)	termination of each Indenture and delivery by the Custodian of each GELAAC Funding Agreement in its possession hereunder to the Indenture Trustee or as the Indenture Trustee shall
direct in writing and certification by the Indenture Trustee that the Program has been terminated; or 

  

	 	(c)	termination of this Custodial Agreement pursuant to Section 8.2, 8.3 or 8.4 hereof. 

  
 SECTION 8.2. Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and
the Custodian may resign, upon 90 days’ prior written notice to GELAAC, each Trust and the Indenture Trustee (or such shorter notice as is acceptable to GELAAC, each Trust and the Indenture Trustee); provided, however, that no
termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 hereof and shall have agreed in writing to assume all of the
Custodian’s duties and obligations under this Custodial Agreement. 
  
 SECTION 8.3. Termination by Indenture Trustee Without Cause. This Custodial Agreement may be terminated at any time by the Indenture Trustee, without cause, and the Indenture Trustee may remove the Custodian, upon 90 days’ prior
written notice to the Custodian and each Trust (or such shorter notice as is acceptable to the Custodian and each Trust); provided, however, that no termination or removal pursuant to this Section 8.3 shall be effective without the
express written consent of GELAAC; provided, further, that no termination or removal pursuant to this Section 8.3 shall be effective prior to the date as of which a successor Custodian shall be appointed in accordance with
Section 8.6 hereof and shall have agreed in writing to assume all of the Custodian’s duties and obligations under this Custodial Agreement. 
  

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 SECTION 8.4. Termination by Indenture Trustee for Cause. This Custodial Agreement may be
terminated, and the Custodian may be removed, by the Indenture Trustee for cause, upon 10 days’ prior written notice to the Custodian (or such shorter notice as is acceptable to the Custodian and each Trust); provided, however,
that no termination or removal pursuant to this Section 8.4 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 hereof and shall have agreed in writing to assume all of the
Custodian’s duties and obligations under this Custodial Agreement. For purposes of determining “cause” with respect to any such termination of this Custodial Agreement, such term shall mean any one of the following events: 

 

	 	(a)	the Custodian willfully violates, or takes any action that it knows breaches, any provision of this Custodial Agreement; 

  

	 	(b)	the Custodian breaches, in any respect, any provision of this Custodial Agreement (other than as specified in paragraph (a) of this Section 8.4) and fails to cure such
breach within 30 days of its becoming aware, or its receiving notice from any Trust or the Indenture Trustee, of such breach; 

  

	 	(c)	the Custodian is wound up or dissolved or there is appointed over it, or a substantial portion of its assets, a receiver, administrator, administrative receiver, trustee or similar
officer; 

  

	 	(d)	the Custodian: (i) ceases to be able to, or admits in writing its inability to, pay its debts as they become due and payable, or makes a general assignment for the benefit of,
or enters into any composition or arrangement with, its creditors generally; (ii) applies for or consents to the appointment of a receiver, trustee, assignee, custodian, liquidator or sequestrator (or other similar official) of the Custodian or
of any substantial part of its properties or assets, or authorizes such an application or consent, or proceedings seeking such appointment are commenced without such authorization, consent or application against the Custodian and continue
undismissed for 60 days; (iii) authorizes or files a voluntary petition in bankruptcy, or applies for or consents to the application of any bankruptcy, reorganization, arrangement, readjustment of debt, insolvency or dissolution, or authorizes
such application or consent, or proceedings to such end are instituted against the Custodian without such authorization, application or consent and are approved as properly instituted and remain undismissed for 60 days or result in adjudication of
bankruptcy or insolvency; (iv) permits or suffers all or any substantial part of its properties or assets to be sequestered or attached by court order and such order remains undismissed for 60 days; or (v) engages in any activity analogous
to the activities set forth in clauses (i) through (iv) of this Section 8.4(d) in any applicable jurisdiction; or 

  

	 	(e)	the occurrence of an act by the Custodian that constitutes fraud or criminal activity in the performance of its obligations under this Custodial Agreement, or the Custodian being
indicted or convicted for a criminal offense materially related to its primary businesses. 

  

 10 

 SECTION 8.5. Liabilities After Termination. If this Custodial Agreement is terminated as
provided herein, none of the parties hereto shall have any further liability or obligation to the other parties hereto, except as provided in Sections 5.1(j), 8.6, 8.7 and 8.8 of this Custodial Agreement. 
  
 SECTION 8.6. Appointment of Successor Custodian. Any removal or
resignation of the Custodian while any Notes are Outstanding will be effective only upon the appointment (and the acceptance in writing by such successor Custodian) of a successor Custodian by each applicable Trust and the Indenture Trustee that is
an established institution in the Commonwealth of Virginia which (a) has demonstrated an ability to professionally and competently perform duties similar to those imposed upon the Custodian hereunder and (b) is legally qualified and has
the capacity to act as Custodian hereunder in the assumption of all of the responsibilities, duties and obligations of the Custodian hereunder; provided, however, that if no successor Custodian shall have been appointed and have
accepted appointment within ninety (90) days of the giving of any notice of resignation by the Custodian, the Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian. Each Trust, the Indenture
Trustee, the Custodian and the successor Custodian shall take such action (or cause the removed or resigning Custodian to take such action) consistent with this Custodial Agreement as shall be reasonably necessary to effectuate any such succession.

  
 SECTION 8.7. Rights and Remedies of Indenture
Trustee Regarding Termination. In the event of removal of the Custodian pursuant to this Custodial Agreement by the Indenture Trustee, the Indenture Trustee shall have all of the rights and remedies available with respect thereto at law or
equity, and, without limiting the foregoing, the Indenture Trustee may by notice in writing to the Custodian (as provided under this Custodial Agreement) terminate all the rights and obligations of the Custodian under this Custodial Agreement
(except those that survive termination pursuant to Section 8.5 above). Upon the expiration of any applicable notice period with respect to the termination of this Custodial Agreement, all authority and power of the Custodian under this
Custodial Agreement, whether with respect to each GELAAC Funding Agreement or otherwise, shall automatically and without further action by any Person pass to and be vested in the successor Custodian upon the appointment thereof and the agreement of
such successor Custodian to assume the Custodian’s duties and obligations under this Custodial Agreement. 
  
 SECTION 8.8. Actions Upon Termination. 
  

	 	(a)	Upon the effective date of termination of this Custodial Agreement, the Custodian shall, as soon as practicable: 

  

	 	(i)	deliver to the Indenture Trustee, the successor Custodian or to such other Person as the Indenture Trustee directs in writing all GELAAC Funding Agreements and documents relating
thereto then in the custody of the Custodian; and 

  

 11 

	 	(ii)	deliver to the Indenture Trustee or successor Custodian an accounting, certified by the predecessor Custodian, with respect to all books and records it has maintained relating to
each GELAAC Funding Agreement that was delivered to the Custodian. 

  

	 	(b)	Notwithstanding any such termination, the Custodian shall remain liable to the extent set forth herein (but subject to Section 8.5 hereof) for its acts or omissions hereunder
arising prior to termination and for any expenses, losses, claims, damages, judgments, assessments, costs or other liabilities (including reasonable attorneys’ fees) in respect of or arising out of any material breach of the representations,
warranties or covenants made by the Custodian under this Custodial Agreement or from any failure of the Custodian to comply with the provisions of this Section 8.8. 

  

	 	(c)	The Custodian agrees that, notwithstanding any termination, it shall reasonably cooperate in any proceeding arising in connection with this Custodial Agreement, the Indenture or any
GELAAC Funding Agreement upon receipt of appropriate indemnification and expense reimbursement. 

  
 ARTICLE 9 
 LIMITATION OF TRUSTEE
LIABILITY 
  
 SECTION 9.1. Trustee
Liability. Notwithstanding any provision hereof to the contrary, it is expressly understood and agreed by the parties hereto that (a) this Custodial Agreement is executed and delivered on behalf of the Trusts by The Bank of New York, not
individually or personally, but solely as Trustee, in the exercise of the powers and authority conferred and vested in it, pursuant to the Trust Agreement, (b) each of the representations, undertakings and agreements herein made on the part of
the Trust is made and intended not as personal representations, undertakings and agreements by The Bank of New York but is made and intended for the purpose for binding only the Trusts, (c) nothing herein contained shall be construed as
creating any liability on The Bank of New York, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by,
through or under the parties hereto, and (d) under no circumstances shall The Bank of New York be personally liable for the payment of any indebtedness or expenses of any Trust or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by any Trust under this Custodial Agreement or any other related documents; provided, however, that such waivers shall not affect the liability of The Bank of New York (or any
entity acting as successor or additional trustee) to any Person under any other agreement to the extent expressly agreed to in its individual capacity thereunder. 
  

 12 

 ARTICLE 10 
 GENERAL PROVISIONS 
  
 SECTION 10.1. Binding Effect; Successors, Transferees and Assigns. This Custodial Agreement shall be binding upon the parties hereto, their respective successors, transferees and assigns, and shall inure to the
benefit of and be enforceable by all parties hereto and their respective successors, transferees and permissible assigns. 
  
 SECTION 10.2. Amendments. This Custodial Agreement may not be amended without the express written consent of the Custodian, the Indenture Trustee
and each Trust (in consultation, in the case of such Trust, with GELAAC). 
  
 SECTION 10.3. Assignment of GELAAC Funding Agreements. No assignment or purported assignment by collateral assignment, grant of security interest or similar action by, or on behalf of, any Trust of any GELAAC
Funding Agreement shall be recognized by the Custodian or be effective unless approved in writing by the Indenture Trustee. 
  
 SECTION 10.4. Notices. All notices, requests and other communications under this Custodial Agreement shall be in writing (including bank wire,
facsimile or similar writing) and shall be given to the relevant Person at its address or facsimile number set forth below or such other address or facsimile number as such Person may hereafter specify for such purpose by not less than 10 Business
Days’ prior notice to each other Person specified in this Section 10.4. Each such notice, request or other communication shall be effective (a) if given by facsimile, when such facsimile is transmitted to the facsimile number
specified pursuant to this Section 10.4, (b) if given by mail, 48 hours after such communication is deposited in the mails with first class postage prepaid, or (c) if given by any other means, when delivered or received at the address
specified in this Section 10.4. Notices delivered to any Trust shall be deemed effective upon receipt. 
  
 Such notices, requests and other communications shall be addressed, if to any Trust, to: 
  
 GENWORTH GLOBAL FUNDING TRUST (followed by the appropriate number of the Trust designated in the Pricing
Instrument) 
  
 c/o The Bank of New York

 101 Barclay Street, Floor 8E 
 New York, New York 10286 
 Attention: Corporate Trust Division, Dealing and Trading

 Facsimile: (212) 815-2850 
  

 13 

 if to the Indenture Trustee, to: 
  
 JPMORGAN CHASE BANK, N.A. 
 4 New York Plaza, 15th Floor 
 New York, New York 10004 
 Attention: Worldwide Securities Services 
 Facsimile: 212-623-6167 
  
 if to the Trustee, to: 
  
 THE BANK OF
NEW YORK 
 101 Barclay Street, Floor 8E 
 New York, New York 10286 
 Attention: Corporate Trust Division, Dealing and Trading 
 Facsimile: (212) 815-2850

  
 if to the Custodian, to: 
  
 SUNTRUST BANK 
 919 East Main Street 
 Richmond, Virginia 23219 
 Attention: Retirement Services 
 Facsimile: (804) 782-7439 
  
 if to GELAAC, to: 
  
 GE LIFE AND ANNUITY ASSURANCE COMPANY 
 6610 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Treasurer 
 Facsimile: (804) 662-7777 
  
 with a
copy to: 
  
 GE LIFE AND ANNUITY ASSURANCE
COMPANY 
 6610 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Heather Harker, Esq. 
 Facsimile: (804) 281-6005 
  
 SECTION 10.5. Address of Custodian. The Custodian shall hold each
GELAAC Funding Agreement at the following address: 
  
 SunTrust Bank 
 919 East Main Street 
 Richmond, Virginia 23219 
 Attention: Retirement Services 
 Facsimile: (804) 782-7439 
  

 14 

 SECTION 10.6. Waiver of Certain Rights. 
  

	 	(a)	The Custodian hereby waives, relinquishes and releases any rights which it may have by way of contract or law, whether through exercise of a right of set-off, security interest,
counterclaim or otherwise, to obtain any property or payment from, under or with respect to any GELAAC Funding Agreement delivered to it hereunder unless such rights arise solely as a result of the Custodian’s acting in a fiduciary capacity
with respect to a holder of Notes. 

  

	 	(b)	With respect to any Trust, the Indenture Trustee, in acting under or by virtue of this Custodial Agreement, shall be entitled to all the rights, authority, privileges and immunities
it receives from the relevant Trust under the Indenture and such Trust hereby waives any of its rights hereunder that may contravene such rights, authority, privileges and immunities of the Indenture Trustee thereunder. 

  
 SECTION 10.7. Provisions Separable. Any provision of this Custodial
Agreement which is prohibited, unenforceable or not authorized in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition, unenforceability or non-authorization without invalidating the remaining provisions
hereof or affecting the validity or enforceability or legality of such provision in any other jurisdiction. 
  
 SECTION 10.8. Governing Law. This Custodial Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of
Virginia, without regard to its choice of law principles; provided, that the rights, obligations, privileges and immunities of the Indenture Trustee hereunder shall be governed by and construed in accordance with the internal law of the State
of New York. 
  
 SECTION 10.9. Waiver of Jury Trial. Each
of the parties to this Custodial Agreement hereby irrevocably waives any and all right to a trial by jury with respect to any legal proceeding arising out of or relating to this or any related transaction. 
  
 SECTION 10.10. Headings Not to Affect Interpretation. The headings
contained in this Custodial Agreement are for convenience only, and they neither form a part of this Custodial Agreement nor are they to be used in the construction or interpretation hereof. 
  
 SECTION 10.11. Counterparts. This Custodial Agreement may be executed
and delivered in any number of counterparts, each of which, when so executed and delivered, shall be an original; provided, however, that such counterparts shall together constitute but one and the same instrument. 
  

 15 

 IN WITNESS WHEREOF, the parties have caused this Custodial
Agreement to be duly executed by their respective authorized officers, as of the day and the year first above written. 
  

			
	SUNTRUST BANK, as Custodian
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	JPMORGAN CHASE BANK, N.A., not in its individual capacity but solely as Indenture Trustee for the benefit of the holders of the Notes issued in connection with the
Program
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	THE BANK OF NEW YORK, not in its individual capacity, but solely as Trustee, on behalf of each Trust organized in connection with the Program
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 16 

 EXHIBIT A 
  
 Genworth Global Funding Trust [l]

 c/o The Bank of New York 
 101 Barclay Street, Floor 8E

 New York, New York 10286 
 Attention: Corporate Trust Division,
Dealing and Trading 
  
 JPMorgan Chase Bank, N.A. 
 4 New York Plaza, 15th Floor

 New York, New York 10004 
 Attention: Worldwide Securities
Services 
  
 CERTIFICATE REGARDING
CUSTODY OF THE FUNDING AGREEMENT 
  
 In connection with the issuance of the Funding Agreement and the Assignment of Funding Agreement (set forth in Part IV of the Closing Instrument (as defined in the
Omnibus Instrument)), the Custodian hereby represents that it has received delivery of the Funding Agreement and is holding the Funding Agreement for the benefit of the Indenture Trustee subject to the terms and conditions of the Custodial Agreement
dated as of [l], 2005 among the Custodian, the Trustee and the Indenture Trustee and that the Funding Agreement is in the possession of the
Custodian at the address below: 
  
 SunTrust Bank 
 919 East Main Street 
 Richmond, Virginia 23219 
 Attention: Retirement Services 
  

			
	 SUNTRUST BANK,
 as
Custodian

		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 A-1Exhibit 10.1

 Exhibit 10.1 
  
 EXPENSE AND INDEMNITY AGREEMENT 
  
 This Expense and Indemnity Agreement (this “Agreement”) is entered into as of [•], by and between GE Life and Annuity Assurance Company, a
stock life insurance company operating under a charter granted by the Commonwealth of Virginia (“GELAAC”), and The Bank of New York, a New York banking corporation, as trustee (the “Trustee”), on behalf of itself and on behalf of
each Trust organized in connection with the Program. 
  
 WHEREAS,
in consideration of the Trustee providing services to each Trust created in connection with the Program and pursuant to the Program Documents under which the Trustee will have certain rights, duties and obligations, GELAAC hereby agrees to the
following compensation arrangements and terms of indemnity with the Trustee and reimbursement arrangements and terms of indemnity with each Trust organized in connection with the Program; and 
  
 WHEREAS, the Trustee is entering into this Agreement on behalf of itself and
on behalf of each Trust to be organized in connection with the Program and, therefore, this Agreement shall inure to the benefit of and be binding upon each such Trust. 
  
 NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, each party hereby agrees as follows: 
  
 ARTICLE I 
 DEFINITIONS 
  
 Section 1.01 Definitions. All capitalized terms not otherwise defined herein will have the meanings set forth in
the Standard Indenture Terms attached as Exhibit 4.1 to Registration Statement on Form S-3 (File No. 333-128718) filed with the Securities and Exchange Commission (the “Commission”) by GELAAC on September 30, 2005, as amended by
Amendment No. 1 filed with the Commission on December 8, 2005. The following terms, as used herein, have the following meanings: 
  
 “Excluded Amounts” means (i) any obligation of any Trust to make any payment to any Holder in accordance with the terms of the
applicable Indenture or such Trust’s Notes, (ii) any obligation or expense of any Trust to the extent that such obligation or expense has actually been paid utilizing funds available to such Trust from payments under the applicable Funding
Agreement, (iii) any cost, loss, damage, claim, action, suit, expense, disbursement, tax, penalty or liability of any kind or nature whatsoever resulting from or relating to any insurance regulatory or other governmental authority asserting
that: (a) any Trust’s Notes are, or are deemed to be, (1) participations in the applicable Funding Agreement or (2) contracts of insurance, or (b) the offer, purchase, sale and/or transfer of any Trust’s Notes and/or
the pledge and collateral assignment of the applicable Funding Agreement by any Trust to the Indenture Trustee on behalf of the Holders of such Trust’s Notes (1) constitutes the conduct of the business of insurance or reinsurance in any
jurisdiction or (2) requires such Trust or any Holder of such Trust’s Notes to be licensed as an insurer, insurance agent or broker in any jurisdiction, (iv) any cost, loss, damage, claim, action, suit, expense, disbursement, tax,
penalty or liability of any kind 

  

 1 

 
or nature whatsoever imposed on the Trustee that results from the bad faith, misconduct or negligence of the Trustee, (v) any costs and expenses
attributable solely to the Trustee’s administrative overhead unrelated to the Program, (vi) any tax imposed on fees paid to the Trustee, (vii) any withholding taxes imposed on or with respect of payments made under the applicable
Funding Agreement, the applicable Indenture or a Trust’s Note and (viii) any Additional Amounts paid to any Holder. 
  
 “Fees” means the fees agreed to between GELAAC and the Trustee as set forth in the fee schedule attached as Exhibit A to this
Agreement. 
  
 “Obligation” means any and all
(i) costs and expenses reasonably incurred (including the reasonable fees and expenses of counsel) relating to the offering, sale or issuance of any Notes by any Trust under the Program or the administration of any Trust and (ii) costs,
expenses and taxes of each Trust; provided, however, that Obligations do not include Excluded Amounts. 
  
 ARTICLE II 
 SERVICES AND FEES 
  
 Section 2.01 Fees. GELAAC hereby agrees to pay the Trustee its
Fees. Such Fees may be subject to amendment in the event of a substantive change in the nature of the Trustee’s duties under the Program, as may be agreed to in writing from time to time by the Trustee and GELAAC. 
  
 Section 2.02 Payment of Obligations. (a) In the event that
the Trustee delivers written notice and evidence, reasonably satisfactory to GELAAC, of any Obligation of the Trustee or any Trust, GELAAC shall, upon receipt of such notice, promptly pay such Obligation. Notice of any Obligation (including any
invoices) should be sent to GELAAC at its address set forth in Section 4.05 herein, or at such other address as such party shall hereafter furnish in writing. 
  
 (b) At the written request of GELAAC, the Trustee will (i) from time to time execute all such instruments and other
agreements and take all such other actions as may be reasonably necessary or desirable on behalf of itself or any Trust, or that GELAAC may reasonably request, in writing, to protect any interest of GELAAC with respect to any Obligation or to enable
GELAAC to exercise or enforce any right, interest or remedy it may have with respect to any such Obligation and (ii) release to GELAAC any amount received from GELAAC relating to any Obligation or any portion of any Obligation, immediately
after any such amount relating to such Obligation, or any portion of any such Obligation, is otherwise received by the Trustee or any Trust from a party other than GELAAC. 
  
 (c) GELAAC and the Trustee, on behalf of itself and each Trust, hereby agree that all payments due under this Agreement in
respect of any Obligation shall be effected, and any responsibility of GELAAC to pay such Obligation pursuant to this Agreement shall be discharged, by the payment by GELAAC to the account of the person to whom such Obligation is owed. For the
avoidance of doubt, amounts due to the Trustee hereunder are not subject to any caps which may be set forth in the Program Documents. 
  

 2 

 ARTICLE III 
 INDEMNIFICATION 
  
 Section 3.01 Indemnification. 
  
 (a)
Subject to the remaining sections of this Article III, GELAAC covenants to fully indemnify and defend the Trustee and its officers, employees, agents and directors (each, a “Trustee Indemnified Person”) for, and to hold them harmless
against, any and all loss, liability, claim, damage or reasonable expense (including the reasonable compensation, expenses and disbursements of its counsel) arising out of the acceptance by the Trustee, in its capacity as Trustee, of administration
of the applicable Trust Agreement or any Trust and/or the performance of the Trustee’s duties and/or the exercise of the Trustee’s respective rights under the applicable Trust Agreement, including the reasonable costs and expenses of
defending itself against or investigating any claim of liability in the premises, except to the extent such loss, liability, claim, damage or expense arises out of or is related to the bad faith, misconduct or negligence of the Trustee.
Notwithstanding anything to the contrary, GELAAC shall have no obligation to indemnify or defend the Trustee for any loss, liability, claim, damage or expense relating to (i) any costs and expenses attributable solely to the Trustee’s
administrative overhead unrelated to the Program or (ii) any tax imposed on the Fees paid to the Trustee. 
  
 (b) Subject to the remaining sections of this Article III, GELAAC covenants to fully indemnify and defend each Trust and its respective representatives
(each, a “Trust Indemnified Person,” each Trust Indemnified Person and each Trustee Indemnified Person are referred to herein as an “Indemnified Person”) for, and to hold them harmless against, any and all loss, liability, claim,
damage or reasonable expense (including the reasonable compensation, expenses and disbursements of its counsel) arising out of the performance of each Trust’s duties and/or the exercise of each Trust’s respective rights under the
applicable Trust Agreement, including the reasonable costs and expenses of defending itself against or investigating any claim of liability in the premises, except to the extent such loss, liability, claim, damage or expense arises out of or is
related to the bad faith, misconduct or negligence of any Trust. 
  
 Section 3.02 Proceedings. An Indemnified Person shall give prompt written notice to GELAAC of any action, suit or proceeding commenced or threatened against the Indemnified Person. In case any such action, suit or proceeding
shall be brought involving an Indemnified Person, GELAAC may, in its sole discretion, elect to assume the defense of the Indemnified Person, and, if it so elects, GELAAC shall, in consultation with such Indemnified Person, select counsel, reasonably
acceptable to the Indemnified Person, to represent the Indemnified Person and pay the reasonable fees and expenses of such counsel. In any such action, investigation or proceeding, the Indemnified Person shall have the right to retain its own
counsel but GELAAC shall not be obligated to pay the fees and disbursements of such counsel unless (i) GELAAC and the Indemnified Person shall have mutually agreed in writing to the retention of such counsel, (ii) the named parties to any
such action, investigation or proceeding (including any impleaded parties) include both GELAAC and the Indemnified Person and the Indemnified Person shall have reasonably and in good faith concluded that representation of both parties by the same
counsel would be inappropriate due to actual or potential differing interests between them or (iii) GELAAC fails, within ten (10) days prior to the date the first response or appearance is required to be made in any such proceeding, to
assume the defense of such proceeding with counsel 

  

 3 

 
reasonably satisfactory to the Indemnified Person; provided, that GELAAC has received written notice of such action, investigation or proceeding at least
sixty (60) days prior to the date the first response or appearance is required to be made. It is understood that GELAAC shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and
expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons. 
  
 Section 3.03 Contribution. Solely to the extent, if any, that the indemnification provided for herein is finally determined by a court of
competent jurisdiction to be invalid or unenforceable, in whole or in part, in accordance with its terms, then GELAAC shall contribute to the amount paid or payable by an Indemnified Person as a result of such liability in such proportion as is
appropriate to reflect the relative benefits received by GELAAC and the Trust (if the Trust is not an Indemnified Person), on one hand, and the Trustee or the Trust (if the Trust is an Indemnified Person), on the other hand, from the transactions
contemplated by the Program Documents. For this purpose, the benefits received by GELAAC or the Trust (if applicable) shall be the aggregate value of the relevant Collateral, and the benefits received by the Trustee shall be the Fees it has been
paid up to that point, as the Trustee, less costs and unreimbursed expenses incurred by it, as Trustee, in relation to such Collateral, and the benefits received by the Trust (if applicable) shall be determined by the Trustee and GELAAC. If,
however, the allocation provided by the immediately preceding two sentences is not permitted by applicable law, then GELAAC shall contribute to such amount paid or payable by the Indemnified Person in such proportion as is appropriate to reflect not
only such relative benefits but also the relative fault of GELAAC and the Trust (if applicable) (but solely to the extent such fault results from or is attributable to the Trustee’s bad faith, willful misconduct or negligence), on the one hand,
and the Trustee or the Trust (if applicable), on the other hand, in connection with the actions or omissions which resulted in such liability. 
  
 Section 3.04 Subrogation. GELAAC shall be subrogated to any right of the Indemnified Person in respect of the matter as to which any indemnity
was paid hereunder. 
  
 Section 3.05 Settlement. The
Indemnified Person may not settle any action, investigation or proceeding without the consent of GELAAC, not to be unreasonably withheld. 
  
 Section 3.06 Survival. Notwithstanding any provision contained herein to the contrary, the obligations of GELAAC under this Article III to any
Indemnified Person shall survive the termination of this Agreement pursuant to Section 4.03 herein. 
  
 Section 3.07 General. The indemnification provided for herein supersedes in all respects any indemnification obligation of GELAAC contained in
any other Program Document to which any Trust or the Trustee is or becomes party. 
  
 ARTICLE IV 
 MISCELLANEOUS 
  
 Section 4.01 Waiver. No waiver, modification or amendment of this Agreement shall be valid unless executed in
writing by the parties hereto. 
  

 4 

 Section 4.02 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York, without regard to conflicts of laws principles. 
  
 Section 4.03 Termination. This Agreement shall terminate and be of no further force and effect upon the date on which (i) there are no Fees and there is no Obligation (other than any Obligation
directly related to the indemnification obligations of GELAAC set forth in Article III hereof) due and payable under this Agreement and (ii) each Program Document has terminated; provided, however, that this Agreement shall continue to be
effective or shall be reinstated, as the case may be, if at any time any Trust or the Trustee must restore payment of any sums paid under any Obligation or under this Agreement for any reason whatsoever or the Trustee or a Trust becomes subject to a
claim. This Agreement is continuing, irrevocable, unconditional and absolute. 
  
 Section 4.04 Third Party Beneficiary. GELAAC understands and agrees that each Trust shall be a third party beneficiary of the obligations of GELAAC under this Agreement, subject to the limitations set
forth in this Agreement. Other than each Trust, the Trustee and each Indemnified Person, no other Person shall have any legal or equitable right, remedy or claim under or in respect of this Agreement or any covenant, condition or provision contained
herein. 
  
 Section 4.05 Notices. All notices,
demands, instructions and other communications required or permitted to be given to or made upon either party hereto shall be in writing (including by facsimile transmission) and shall be personally delivered or sent by guaranteed overnight delivery
or by facsimile transmission (to be followed by personal or guaranteed overnight delivery) and shall be deemed to be given for purposes of this Agreement on the day that such writing is received by the intended recipient thereof in accordance with
the provisions of this Section 4.05. Unless otherwise specified in a notice sent or delivered in accordance with the foregoing provisions of this Section 4.05, notices, demands, instructions and other communications in writing shall be
given to or made upon the respective parties thereto at their respective addresses (or their respective facsimile numbers) indicated below: 
  
 To the Trust: 
  
 Genworth Global Funding Trust (followed by the appropriate number of the Trust 
 designated in the Pricing Instrument) 
 c/o
The Bank of New York 
 101 Barclay Street, Floor 8E 
 New York, New York 10286 
 Attention: Corporate Trust Division, Dealing and Trading 
 Facsimile: (212) 815-2850 
  
 To GELAAC: 
  
 GE Life and Annuity Assurance Company 
 6610
West Broad Street 
 Richmond, Virginia 23230 
 Attention: Treasury, Building 1 
 Facsimile: (804) 662-7777 
  

 5 

 with a copy to: 
  

GE Life and Annuity Assurance Company 
 6610 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Heather Harker, Esq. 
 Facsimile: (804) 281-6005 
  
 To the Trustee: 
  
 The Bank of New York 
 101 Barclay Street, Floor 8E 
 New York, New
York 10286 
 Attention: Corporate Trust Division, Dealing and Trading 
 Facsimile: (212) 815-2850 
  
 Section 4.06 Trust Administration. It is understood and agreed by GELAAC that whenever any Trust is required to act under the terms of the
Indenture, GELAAC will act on behalf of such Trust including, without limitation, ensuring that such Trust complies with Article III of the Indenture and with the Trust Indenture Act or direct the Trustee to act on behalf of such Trust in instances
in which the Trustee determines that the Trustee can act; provided, that at no time shall the Trustee be under a duty to exercise discretion under the Indenture or act or refrain from acting under the Indenture in the absence of instruction from
GELAAC. In addition, GELAAC shall prepare and file or cause the preparation and filing of all documents and instruments required of each Trust under the applicable law, unless otherwise agreed to by GELAAC and the Trustee on behalf of each such
Trust. The Trustee shall execute such documents and instruments as GELAAC may reasonably request. 
  
 Section 4.07 Counterparts. This Agreement may be executed in counterparts (including by facsimile transmission), each of which when so
executed and delivered shall be deemed an original, but all of such counterparts shall together constitute one and the same instrument. 
  
 Section 4.08 Change of Name. Effective as of January 1, 2006, all references herein to “GE Life and Annuity Assurance Company”
or “GELAAC” shall be changed to “Genworth Life and Annuity Insurance Company” or “GLAIC”, respectively. 
  
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 6 

 IN WITNESS WHEREOF, the parties have executed this Expense and Indemnity Agreement by their duly
authorized officers as of the date hereof. 
  

			
	GE LIFE AND ANNUITY ASSURANCE
COMPANY
		
	By:	 	  

	Name:	 	 
	Title:	 	 
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	THE BANK OF NEW YORK, as Trustee on behalf
of itself and each Trust organized in connection with
the Program
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 7 

 Exhibit A 
  

 A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]