Document:

EX-10.1

 Exhibit 10.1 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 
 This ASSIGNMENT AND ASSUMPTION
AGREEMENT (the “Agreement”) is made as of April 1, 2013, by and between Genworth Holdings, Inc. (formerly Genworth Financial, Inc.), a Delaware corporation (“Assignor”), and Genworth Financial, Inc. (formerly
Sub XLVI, Inc.), a Delaware corporation and newly-formed parent company of Assignor (“Assignee”). 
 RECITALS

 Pursuant to the Merger Agreement dated as the date hereof, among Assignor, Assignee, and Sub XLII, Inc., a direct
wholly-owned subsidiary of Assignee (the “Merger Agreement”), Assignor has created a new holding company structure by merging Sub XLII, Inc. with and into Assignor with Assignor being the surviving corporation and converting the
capital stock of Assignor into the capital stock of Assignee (the “Merger”). In connection with the Merger, Assignor has agreed to assign to Assignee, and Assignee has agreed to assume from Assignor, all of Assignor’s employee
benefit plans, equity incentive plans and related agreements. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the covenants and agreements set forth herein, the receipt and sufficiency of which is acknowledged
by the parties hereto, the parties intending to be legally bound, agree as follows: 
  

	 	1.	Assignment. Assignor hereby, effective immediately following the consummation of the Merger (the “Effective Time”), Assignor hereby assigns to
Assignee all of its rights and obligations under all of its employee benefit plans, agreements and arrangement, equity incentive plans and subplans, and related agreements, including but not limited to those listed on Exhibit A hereto,
together with any and all amendments thereto (collectively, the “Assumed Plans and Agreements”). 

  

	 	2.	Assumption. Assignee hereby, effective immediately following the Effective Time, assumes all of the rights and obligations of Assignor under the Assumed Plans
and Agreements, and agrees to abide by and perform all terms, covenants and conditions of Assignor under such Assumed Plans and Agreements. In consideration of the assumption by Assignee of all of the rights and obligations of Assignor under the
Assumed Plans and Agreements, Assignor agrees to pay (i) all expenses incurred by Assignee in connection with the assumption of the Assumed Plans and Agreements pursuant to this Agreement and (ii) all expenses incurred by Assignee in
connection with the filing by Assignee of post-effective amendments to the registration statements on Form S-8 of Assignor to expressly adopt such registration statements as its own, including, without limitation, registration fees imposed by the
Securities and Exchange Commission. As of the Effective Time, the Assumed Plans and Agreements shall each be automatically amended without any further action by either party as necessary to provide that references to the Assignor in such agreements
shall be read to refer to Assignee from and after the effective time of the merger. 

	 	3.	Further Assurances. Subject to the terms of this Agreement, the parties hereto shall take all reasonable and lawful action as may be necessary or appropriate to
cause the intent of this Agreement to be carried out, including, without limitation, entering into amendments to the Assumed Plans and Agreements and notifying other parties thereto of such assignment and assumption. 

 

	 	4.	Successors and Assigns. This Agreement shall be binding upon Assignor and Assignee, and their respective successors and assigns. The terms and conditions of this
Agreement shall survive the consummation of the transfers provided for herein. 

  

	 	5.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to conflicts of law
principles. 

  

	 	6.	Entire Agreement. This Agreement, including Exhibit A attached hereto, constitute the entire agreement and supersede all other agreements and
undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement may not be modified or amended except by a writing executed by the parties hereto. 

 

	 	7.	Severability. The provisions of this Agreement are severable, and in the event any provision hereof is determined to be invalid or unenforceable, such invalidity
or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions hereof. 

  

	 	8.	Third Party Beneficiaries. The parties to the various equity incentive awards and other agreements included in the Assumed Plans and Agreements are intended to
be third party beneficiaries to this Agreement. 

  

	 	9.	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original. 

[Remainder of page intentionally left blank.] 

  
 2 

 This Assignment and Assumption Agreement is signed as of the date first written above.

  

			
	Assignor
	
	GENWORTH HOLDINGS, INC.
		
	By:	 	 /s/ Leon E. Roday

		 	Leon E. Roday
		 	 Senior Vice President, General Counsel
 and Secretary

	
	Assignee
	
	GENWORTH FINANCIAL, INC.
		
	By:	 	 /s/ Leon E. Roday

		 	Leon E. Roday
		 	Senior Vice President, General Counsel
		 	and Secretary

  
 3 

 Exhibit A 

Assumed Plans and Agreements 
 Benefit Plans 
 Genworth Financial, Inc. 2012 Key Employee Severance Plan 

Genworth Financial, Inc. Amended and Restated 2005 Change of Control Plan, as amended 
 Genworth Financial, Inc. 2011 Change of Control Plan 
 Genworth Financial, Inc. Retirement and
Savings Plan 
 Genworth Financial, Inc. Retirement and Savings Restoration Plan, as amended 

Genworth Financial, Inc. Retirement and Savings Excess Plan 
 Genworth Financial, Inc. Executive Make-Up Retirement Plan 
 Genworth Financial, Inc. Supplemental
Executive Retirement Plan 
 Genworth Financial, Inc. Retained Executive Pension Plan 
 Genworth Financial, Inc. Executive Life Program, as amended 
 Genworth Financial, Inc. Leadership
Life Insurance Plan 
 Genworth Financial, Inc. Layoff Payment Plan 
 Genworth Financial, Inc. Umbrella Welfare Benefits Plan 
 Genworth Financial, Inc. Deferred
Compensation Plan 
 Amended and Restated Grantor Trust Agreement dated January 1, 2009 

Master Trust Agreement between Genworth Financial, Inc. and The Bank of New York (dated as of August 16, 2005) including The Bank of New York
Supplement to the Master Trust Agreement (dated as of August 16, 2005) and also including the Ancillary Trust Agreement between The Bank of New York and Genworth Financial, Inc. 

  
 4 

 Equity Incentive Plans 
 2004 Genworth Financial, Inc. Omnibus Incentive Plan, as amended (“2004 Incentive Plan”) 

2012 Genworth Financial, Inc. Omnibus Incentive Plan (“2012 Incentive Plan”) 
 All subplans approved or adopted under the 2004 Incentive Plan and the 2012 Incentive Plan, including, without limitation, the Genworth Financial Canada Stock Savings Plan, U.K. Share Incentive Plan and
UK HMRC Approved Company Share Option Plan 
 Genworth Financial Share Participation Scheme (Ireland Plan) 

All agreements relating to stock options, stock appreciation rights, restricted stock, restricted stock unit, deferred stock unit, performance awards and
any other awards granted pursuant to the 2004 Incentive Plan and the 2012 Incentive Plan 

  
 5EX-10.2

 Exhibit 10.2 
 AMENDMENT NO. 1 TO MASTER AGREEMENT 
 dated April 1, 2013 

among 

GENWORTH MI CANADA INC. 
 and 
 BROOKFIELD LIFE ASSURANCE COMPANY LIMITED 

and 
 GENWORTH
FINANCIAL, INC. 
 and 
 GENWORTH FINANCIAL MORTGAGE INSURANCE COMPANY CANADA 

  
 2. 

 This Amendment No. 1 to Master Agreement, dated April 1, 2013 (this “Agreement”),
is made by and among Genworth MI Canada Inc. (“Genworth Canada”), Brookfield Life Assurance Company Limited (“Brookfield”), Genworth Financial, Inc. (“Old Genworth”), Genworth Financial Mortgage
Insurance Company Canada (“GFMICC”) and, upon signing the counterpart page attached hereto as Schedule A (the Counterpart Page”) and agreeing to be bound by this Agreement, Sub XLVI, Inc. (“New
Genworth”). 
 RECITALS 
 WHEREAS Old Genworth is the indirect beneficial owner of approximately 57.5% of the issued and outstanding common shares of Genworth Canada and the sole issued and outstanding special share of
Genworth Canada; 
 AND WHEREAS Genworth Canada, Brookfield, Old Genworth and GFMICC entered into a Master Agreement dated July 7,
2009 (the “Master Agreement”); 
 AND WHEREAS Old Genworth will undertake an internal reorganization (the
“Reorganization”), whereby New Genworth, a Delaware corporation, will become the publicly-traded parent holding company of Old Genworth, Genworth Mortgage Holdings, Inc. and Genworth Mortgage Holdings, LLC, and each of their
respective direct and indirect subsidiaries and which will change its name to Genworth Financial, Inc. upon the effectiveness of the Reorganization; 
 AND WHEREAS New Genworth desires to obtain the benefit of certain of the rights, interests and benefits held by Old Genworth pursuant to the Master Agreement, as amended hereby, without diminishing
or expanding the rights of Old Genworth thereunder; 
 AND WHEREAS Genworth Canada, Brookfield, Old Genworth and GFMICC (the
“Existing Master Agreement Parties”) have agreed to amend the Master Agreement; 
 AND WHEREAS New Genworth will become
a party to this Agreement upon signing the Counterpart Page; 
 NOW THEREFORE, as of the date hereof, in consideration of the mutual
covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto severally covenant and agree as follows: 

 

	1.	Definitions 

 Where used
in this Agreement, all capitalized terms not otherwise defined shall have the respective meaning ascribed thereto in the Master Agreement. 
  

	2.	Effect 

 Provided that New
Genworth has signed the Counterpart Page, this Agreement, and the amendments to the Master Agreement set forth herein, shall become effective simultaneously with the effectiveness of the Reorganization, without the requirement of any further act by
the parties hereto. Upon the effectiveness of this Agreement, the parties to the Master Agreement shall be the Existing Master Agreement Parties and New Genworth. 

  
 3. 

	3.	Amendments to the Master Agreement 

 3.1
The Master Agreement is hereby amended, effective in accordance with Section 2 of this Agreement, by: 
  

	 	(a)	deleting the words “Genworth Financial, Inc.” in the ninth and tenth lines of the definition of “Affiliate” in Section 1.01 of the Master
Agreement and replacing them with the words “New Genworth”; 

  

	 	(b)	adding the following definition of “New Genworth” to Section 1.01 of the Master Agreement: 

““New Genworth” means Sub XLVI, Inc., a Delaware corporation that will become the publicly-traded parent holding
company of Genworth Financial, Genworth Mortgage Holdings, Inc. and Genworth Mortgage Holdings, LLC, and each of their respective direct and indirect subsidiaries and which will change its name to Genworth Financial, Inc. upon the effectiveness of
the reorganization involving Genworth Financial.”; 
  

	 	(c)	providing that all references to “Genworth Financial” contained in the Master Agreement shall hereafter continue to refer to Genworth Financial, Inc. (Old
Genworth) and its Affiliates, including, for so long as Old Genworth is a Subsidiary of New Genworth, New Genworth; 

  

	 	(d)	deleting Brookfield’s address for notices, requests, claims, demands and other communications in Section 8.06 of the Master Agreement and replacing such
address with the following: 

 “if to Brookfield: 

Brookfield Life Assurance Company Limited 
 c/o Aon Insurance Managers (Bermuda) Ltd. 
 Aon House 

30 Woodbourne Avenue 
 Pembroke, HM JX Bermuda 
 Attention: President 

Phone: 441-295-2220 
 Fax: 441-292-4910”; 
  

	 	(e)	adding the address for notices, requests, claims, demands and other communications to New Genworth in Section 8.06 of the Master Agreement as follows:

 “if to New Genworth: 
 Genworth Financial, Inc. 
 6620 West Broad Street 

Richmond, VA 23230 

  
 4. 

 Attention: General Counsel 

Phone: 804-662-2574 
 Fax: 804-662-2414”; and 
  

	 	(f)	deleting Section 8.10 of the Master Agreement and replacing such section with the following: 

“Entire Agreement. Except as otherwise expressly provided in this Agreement, this Agreement (including the Exhibits and
Schedules hereto), and any amendments thereto, 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”. 
 3.2 The Existing Master Agreement Parties agree and
acknowledge that, for the purposes of Section 8.11(b) of the Master Agreement, each Affiliate directly or indirectly transferred to New Genworth pursuant to the Reorganization shall remain an “Affiliate” of Old Genworth and shall
continue to be bound by the restrictions set forth in Sections 2.01(a) and 2.02(b) of the Master Agreement from and after the time of completion of the Reorganization for so long as such entity is an “Affiliate” of Old Genworth under the
Master Agreement. 
  

	4.	General 

 4.1 The Master Agreement as
amended or supplemented by this Agreement shall continue in full force and effect. 
 4.2 The Master Agreement shall be read in conjunction with
this Agreement, and the Master Agreement and this Agreement shall henceforth have effect so far as practicable as if all of the provisions of the Master Agreement and of this Agreement were contained in one instrument. 

4.3 New Genworth hereby unconditionally and irrevocably guarantees, covenants and agrees to be jointly and severally liable with Old Genworth, and each
of Genworth Canada and GFMICC shall have full recourse against Old Genworth and New Genworth both jointly and severally, for the due and punctual performance of all of Old Genworth’s obligations arising under or relating to the Master
Agreement, and New Genworth shall cause Old Genworth to comply with all of Old Genworth’s respective obligations under or relating to the Master Agreement. The obligations of New Genworth pursuant to this Section 4.3 shall only apply if,
at the relevant time, Old Genworth is a Subsidiary of New Genworth. 
 4.4 This Agreement shall be governed by and construed and interpreted in
accordance with the Laws of the Province of Ontario irrespective of the choice of Laws principles. 
 4.5 The parties hereto acknowledge and
agree that this Agreement may be executed by the parties hereto in counterparts, and transmitted by facsimile, each of which when so executed shall be deemed to be an original and each counterpart, together with all counterparts, shall constitute
one and the same document. 
 [Remainder of page intentionally left blank; signature page follows.]

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

			
	GENWORTH MI CANADA INC.
		
	Per:	 	 /s/ Brian Hurley

	Name:	 	Brian Hurley
	Title:	 	Chairman & CEO
	
	BROOKFIELD LIFE ASSURANCE COMPANY LIMITED
		
	Per:	 	 /s/ Ward E. Bobitz

	Name:	 	Ward E. Bobitz
	Title:	 	President
	
	GENWORTH FINANCIAL, INC.
		
	Per:	 	 /s/ Ward E. Bobitz

	Name:	 	Ward E. Bobitz
	Title:	 	Vice President
	
	GENWORTH FINANCIAL MORTGAGE INSURANCE COMPANY CANADA
		
	Per:	 	 /s/ Brian Hurley

	Name:	 	Brian Hurley
	Title:	 	Chairman & CEO

 SCHEDULE A 
 COUNTERPART TO AMENDMENT NO. 1 TO MASTER AGREEMENT DATED APRIL 1, 2013 

(the “Amendment No. 1”) 
 The undersigned, Sub XLVI, Inc., hereby agrees to be bound by the terms of the Amendment No. 1 as a party to the Amendment No. 1 and shall be entitled to the benefits and be subject to the
obligations of the Amendment No. 1 as though the undersigned had executed the Amendment No. 1 together with the other parties to the Amendment No. 1. 
 DATED April 1, 2013. 
  

			
	SUB XLVI, INC.
		
	Per:	 	 /s/ Ward E. Bobitz

	Name:	 	Ward E. Bobitz
	Title:	 	Vice President

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