Document:

ex10-3

EXHIBIT 10.3

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC

AMENDMENT NO. 2 TO

MARKETING AGREEMENT

THIS SECOND AMENDMENT TO THE MARKETING AGREEMENT is entered into this 29th day
of July, 2001, and effective as indicated herein, by and between TRANSAMERICA
LIFE INSURANCE AND ANNUITY COMPANY, hereinafter referred to as “Transamerica,”
a North Carolina corporation, and LEGACY MARKETING GROUP, hereinafter referred
to as “LMG,” a California corporation.

WHEREAS, Transamerica and LMG entered into a Marketing Agreement, dated May 29,
1998, as amended, hereinafter referred to as the “Agreement,” wherein
Transamerica and LMG agreed to jointly develop proprietary annuity products,
wherein LMG would market such products on behalf of Transamerica, utilizing its
nationwide distribution channels of duly licensed and appointed Producers in
consideration of the compensation as set forth in APPENDIX B of the Agreement.

NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises
hereinafter contained and other good and valuable consideration, the parties
hereto do agree as follows:

	1.	 	Add to Appendix A, “Policy Forms,” the following products/riders
effective as of the effective dates noted:

	 	 	 
	

	PRODUCT NAME		POLICY
NUMBERS/Effective Dates
	

	SelectMark® 10 Special Edition Equity Index Strategy		
*
	

	
	
	
	

	SelectMark® 10 Special Edition with STS and Equity Index Strategy		
*
	

	
	
	
	

	SelectMark® 10 Special Edition with STS		
*
	

	
	
	
	

	SelectMark® 5 Secure (formerly known as the SelectMark® 5 50/50)		
*
	

	
	
	
	

	SelectMark® 7 Secure (formerly known as the SelectMark® 7 50/50)		
*
	

	
	
	
	

	SelectMark® 7 Special Edition Equity Index Strategy		
*
	

	
	
	
	

	PreferMark Platinum		
*
	

	
	
	
	

	PreferMark Gold		
*
	

	
	
	
	

	Beneficiary Rider Plus		
*
	

 

*CONFIDENTIAL INFORMATION REDACTED.

	 	 	 
	2.		
Appendix B, “Commission,” is hereby amended to add the following:
	 
			
Base Commission
	 
			
Transamerica will pay LMG on the last business day of the week commission
for all premiums received by LMG during that week; i.e., the prior Friday
through Thursday, for the following products in the specified percentages
indicated hereafter. Such commission will paid by Transamerica to LMG by
authorizing LMG to write a check to itself against the Transamerica
Disbursement account for the total weekly commission amount.

	 	 	 
	"Product Name		Percentage
	
		

	SelectMark® 10 Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark®10 STS Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark®10 Special Edition with STS		
*
	
	
	
	

	SelectMark® 5 Secure		
*
	
	
	
	

	SelectMark® 7 Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark® 7 Secure		*
	
	
	
	

	PreferMark Platinum		
*
	
	
	
	

	PreferMark Gold		
*

	 	 	 
			Additional premiums will be
subject to the same commission percentages noted above as the initial premium.

	 
			Transamerica will pay LMG an additional * of all premiums received on or
before August 31, 2001 by LMG for the SelectMark®10 Special
Edition Equity Index Strategy, SelectMark®10 STS Special
Edition Equity Index Strategy and SelectMark®10 Special Edition
with STS products for applications received by Legacy for such products on
or before August 31, 2001.
	 
			Notwithstanding any provision of this Agreement to the contrary,
Transamerica will pay LMG an additional * of all premiums received from
January 1, 2001 through August 31, 2001 for the SelectMark® 10
Special Edition product for applications received on or before August 31,
2001.
	 
			For the avoidance of doubt, the following provision applies to payment of
all base commissions for all products subject to this Agreement (except for
PreferMark Gold and PreferMark Platinum, see below) if the issue age is
greater than 84. The * additional commission payable for the
SelectMark® 10 series products is considered part of the base
commission.

 

		
	 	*CONFIDENTIAL INFORMATION REDACTED.

		
	 	      (a) If the issue age is greater than 84 as defined in the Death Benefit
Proceeds provision of the applicable policy form, base commissions paid are
reduced by *. A monthly trail base commission is paid beginning in policy
year 2, calculated as follows: *, multiplied by the product specific base
commission percentage divided by 12, of the Annuity Cash Value. The monthly
trail commission continues to be paid until death of the annuitant,
surrender of the policy or election of a settlement option.

		
	 	      (b) LMG may calculate the monthly trail commission for the
SelectMark® 10 series products by employing “*” as the base
commission as opposed to “*” for such premiums received that are subject to
the additional * commission, i.e. calculate the monthly trail commission
ignoring the additional * commission that may be payable. LMG will collect
any additional funds owed to it, if any, from this calculation by submitting
to Transamerica on a monthly basis a written invoice for the differential.

With regard to PreferMark Gold and PreferMark Platinum, if the issue age of
a policy is greater than 84 as defined in the Death Benefit Proceeds
provision of such policy form the applicable base commission percentage
above is reduced by * for all premiums received for that policy. No monthly
trail commission is payable.

Override Commission

In addition to the Base Commissions specified above, Transamerica shall pay
to LMG an Override Commission (on the last business day of the week) for all
premiums received by LMG during that week, per product, in the following
amounts:

	 	 	 
	Product Name		Percentage
	SelectMark® 10 Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark® 10 STS Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark® 10 Special Edition with STS		
*
	
	
	
	

	SelectMark® 5 Secure		
*
	
	
	
	

	SelectMark® 7 Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark® 7 Secure		
*
	
	
	
	

	PreferMark Platinum		
*
	
	
	
	

	PreferMark Gold		
*
	 
	*

With regard to PreferMark Gold and PreferMark Platinum, if the issue age of
a policy is greater than 84 as defined in the Death Benefit Proceeds
provision of such policy form the applicable override commission percentage
above is reduced by * for all premiums received for that policy.

 

*CONFIDENTIAL INFORMATION REDACTED.

	 	 	 
	2.		
Appendix B, “Marketing Allowance,” is hereby amended to add the following:
	 
			
In addition to the Commissions specified above, Transamerica shall pay to
LMG a Marketing Allowance, per product, as specified below:

	 	 	 
	Product Name		Percentage
	SelectMark® 10 Special Edition Equity Index Strategy

SelectMark® 10 STS Special Edition Equity Index Strategy

SelectMark®10 Special Edition with STS

SelectMark® 5 Secure

SelectMark® 7 Special Edition Equity Index Strategy

SelectMark® 7 Secure

PreferMark Gold		
*

*

*

*

*

*

*

	 	 	 
	Such Marketing Allowance shall be paid on all premiums received, net of free
look premium refunds.

	 	 	 
	3.		APPENDIX B, “LMG Trail Commission,” is hereby amended to add the following:

For the avoidance of doubt, LMG Trail Commission is payable with respect to the
products added to this Agreement by this Amendment 2.

4.   Appendix D, “Schedule of Authorized Personnel,” is hereby amended in its
entirety to read as follows, effective as of the execution of this Amendment 2:

	 
	“Representing Transamerica
	 
	*
	
	
	
	

	*
	
	
	
	

	*
	
	
	
	

	*

		Representing Legacy Marketing Group

Lynda L. Regan, Chief Executive Officer

R. Preston Pitts, President

Steve Taylor, Chief Financial Officer

H. Lynn Stafford, Chief Information Officer

Niju Vaswani, Vice President of Distribution

Bill Hrabik, Chief Operation Officer

Don Dady, Vice President of Product
Implementation”

 

	 	 	 
	5.		
All other provisions in the Agreement not specifically amended above remain in effect and unchanged.

IN WITNESS HEREOF, the parties have hereto executed this Amendment 2.

	 	 	 
	LEGACY MARKETING GROUP		
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
	 
	By:     /s/Don Dady

Title:  V.P. of Product Development

Date:  8/2/01		
By:     /s/ Ata Azarshahi

Title:  Vice President

Date:  7/25/01ex10-4

EXHIBIT 10.4

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC

AMENDMENT 3 TO

ADMINISTRATIVE SERVICES AGREEMENT

THIS THIRD AMENDMENT TO THE ADMINISTRATIVE SERVICES AGREEMENT is entered into
this 29th day of July, 2001, and effective as indicated herein, by and between
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY, hereinafter referred to as
“Transamerica,” a North Carolina corporation, and LEGACY MARKETING GROUP,
hereinafter referred to as “LMG,” a California corporation.

WHEREAS, Transamerica and LMG entered into an Administrative Services
Agreement, dated May 29, 1998, as amended, hereinafter referred to as the
“Agreement,” wherein LMG agreed to provide certain Transamerica accounting and
service functions in consideration of the fees as set forth in APPENDIX B of
the Agreement.

NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises
hereinafter contained and other good and valuable consideration, the parties
hereto do agree as follows:

	 	1.	 	Add to APPENDIX A, Policy Forms, the following products effective
as of the effective dates noted:

	 	 	 
	PRODUCT NAME		POLICY
NUMBERS/Effective Dates
	SelectMark® 10 Special Edition Equity Index Strategy		
*
	
	
	
	

	SelectMark® 10 Special Edition with STS and Equity Index Strategy		
*
	
	
	
	

	SelectMark® 10 Special Edition with STS		
*
	
	
	
	

	SelectMark® 5 Secure (formerly known as the SelectMark® 5 50/50)		
*
	
	
	
	

	SelectMark® 7 Secure (formerly known as the SelectMark® 7 50/50)		
*
	
	
	
	

	SelectMark® 7 Special Edition Equity Index Strategy		
*
	
	
	
	

	PreferMark Platinum		
*
	
	
	
	

	PreferMark Gold		
*
	
	
	
	

	Beneficiary Rider Plus		
*

	 	2.	 	Appendix B, “Processing Fees, Sub-Section 3(a) “Out-of-Pocket
Expenses,” is hereby amended as follows:

		
	 	In addition to the fees set forth above, LMG will forward to
Transamerica on a monthly basis a bill for the out of pocket
expenses listed below. Transamerica will reimburse LMG with
fifteen (15) days of receipt of such bill. If LMG does not receive
reimbursement within fifteen (15) days, Transamerica will allow LMG
to draw the following out of pocket expenses from the disbursement
account. Out-of-pocket expenses are expenditures for the items
such as those listed below

 

		
	 	and any other items agreed to in writing
by the parties. Further, LMG will forward a check to Transamerica
any fees due to Transamerica from LMG as a result of Agent renewal
appointment fees which are due or have been collected from such
Wholesalers and Producers:

	 	2.	 	Add to APPENDIX B, as follows:

		
	 	            “1.2 Beneficiary Rider Plus

		
	 	               a. Maintenance: * per month per inforce Rider.”

	 	3.	 	Appendix D, “Schedule of Authorized Personnel,” is hereby amended in its
entirety to read as follows, effective as of the date this Amendment 3 is
entered into:

      “Representing Transamerica

      Authorized to Modify Agreement: *

		
	 	Authorized to provide day to day direction of LMG employees for policies and
items not specifically covered in this Agreement: *

      Representing Legacy Marketing Group

      Lynda L. Regan, Chief Executive Officer

      R. Preston Pitts, President

      Steve Taylor, Chief Financial Officer

      H. Lynn Stafford, Chief Information Officer

      Niju Vaswani, Vice President of Distribution

      Bill Hrabik, Chief Operation Officer

      Don Dady, Vice President of Product Implementation”

	 	3.	 	All other provisions in the Agreement not specifically amended above
remain in effect and unchanged.

IN WITNESS HEREOF, the parties have hereto executed this Amendment 3.

	 	 	 
	LEGACY MARKETING GROUP		
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
	 
	By:    /s/Don Dady

Title:  V.P. of Product Development

Date:  8/2/01		
By:     /s/Ata Azarshahi

Title:  Vice President

Date:  7/25/01

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]