Document:

Exhibit 4.9

 

GENWORTH FINANCIAL, INC.

and

The Bank of New York,

as Purchase Contract Agent,

 

and

 

The Bank of New York,

as Collateral Agent, Custodial Agent and Securities Intermediary

 

PURCHASE CONTRACT AND PLEDGE AGREEMENT

Dated as of May [•], 2004

 

 

TABLE OF
CONTENTS

 

	
  ARTICLE 1

  	
   

  	
   

  
	
  DEFINITIONS AND OTHER PROVISIONS OF GENERAL
  APPLICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 1.01. 
  Definitions

  	
   

  	
   

  
	
  Section 1.02.  Compliance
  Certificates and Opinions

  	
   

  	
   

  
	
  Section 1.03.  Form of Documents Delivered to Purchase Contract
  Agent.

  	
   

  	
   

  
	
  Section 1.04.  Acts of Holders; Record Dates

  	
   

  	
   

  
	
  Section 1.05. 
  Notices

  	
   

  	
   

  
	
  Section 1.06.  Notice to Holders; Waiver

  	
   

  	
   

  
	
  Section 1.07.  Effect of Headings and Table of Contents

  	
   

  	
   

  
	
  Section 1.08.  Successors and Assigns

  	
   

  	
   

  
	
  Section 1.09. 
  Separability
  Clause

  	
   

  	
   

  
	
  Section 1.10.  Benefits of Agreement

  	
   

  	
   

  
	
  Section 1.11. 
  Governing
  Law

  	
   

  	
   

  
	
  Section 1.12. 
  Legal
  Holidays

  	
   

  	
   

  
	
  Section 1.13. 
  Counterparts

  	
   

  	
   

  
	
  Section 1.14.  Inspection of Agreement

  	
   

  	
   

  
	
  Section 1.15.  Appointment of Financial Institution as Agent for
  the Company

  	
   

  	
   

  
	
  Section 1.16. 
  No
  Waiver

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2

  	
   

  	
   

  
	
  CERTIFICATE FORMS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.01.  Forms of Certificates Generally

  	
   

  	
   

  
	
  Section 2.02.  Form of Purchase Contract Agent’s Certificate of
  Authentication

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3

  	
   

  	
   

  
	
  THE UNITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 3.01.  Amount; Form and Denominations

  	
   

  	
   

  
	
  Section 3.02.  Rights and Obligations Evidenced by the
  Certificates

  	
   

  	
   

  
	
  Section 3.03.  Execution, Authentication, Delivery and Dating

  	
   

  	
   

  
	
  Section 3.04.  Temporary Certificates

  	
   

  	
   

  
	
  Section 3.05.  Registration; Registration of Transfer and Exchange

  	
   

  	
   

  
	
  Section 3.06.  Book-entry Interests

  	
   

  	
   

  
	
  Section 3.07.  Notices to Holders

  	
   

  	
   

  
	
  Section 3.08.  Appointment of Successor Depositary

  	
   

  	
   

  
	
  Section 3.09.  Definitive
  Certificates.

  	
   

  	
   

  
	
  Section 3.10.  Mutilated, Destroyed, Lost and Stolen Certificates

  	
   

  	
   

  
	
  Section 3.11.  Persons Deemed Owners

  	
   

  	
   

  
	
  Section 3.12. 
  Cancellation

  	
   

  	
   

  
	
  Section 3.13.  Creation of Treasury Units by Substitution of
  Treasury Securities

  	
   

  	
   

  
	
  Section 3.14.  Recreation of Corporate Units

  	
   

  	
   

  

 

 

	
  Section 3.15.  Transfer of Collateral Upon Occurrence of
  Termination Event

  	
   

  	
   

  
	
  Section 3.16.  No Consent to Assumption

  	
   

  	
   

  
	
  Section 3.17. 
  Substitutions

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4

  	
   

  	
   

  
	
  THE SENIOR NOTES

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 4.01.  Interest Payments; Rights to Interest Payments
  Preserved

  	
   

  	
   

  
	
  Section 4.02.  Payments Prior to or on Purchase Contract
  Settlement Date

  	
   

  	
   

  
	
  Section 4.03.  Notice and Voting

  	
   

  	
   

  
	
  Section 4.04.  Special Event Redemption.

  	
   

  	
   

  
	
  Section 4.05.  Payments to Purchase Contract Agent

  	
   

  	
   

  
	
  Section 4.06.  Payments Held in Trust

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 5

  	
   

  	
   

  
	
  THE PURCHASE CONTRACTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.01.  Purchase of Shares of Common Stock

  	
   

  	
   

  
	
  Section 5.02.  Cash Settlement; Remarketing; Payment of Purchase
  Price.

  	
   

  	
   

  
	
  Section 5.03.  Issuance of Shares of Common Stock

  	
   

  	
   

  
	
  Section 5.04.  Adjustment of each Fixed Settlement Rate

  	
   

  	
   

  
	
  Section 5.05.  Notice of Adjustments and Certain Other Events

  	
   

  	
   

  
	
  Section 5.06.  Termination Event; Notice.

  	
   

  	
   

  
	
  Section 5.07. 
  Early
  Settlement

  	
   

  	
   

  
	
  Section 5.08.  No Fractional Shares

  	
   

  	
   

  
	
  Section 5.09.  Charges and Taxes

  	
   

  	
   

  
	
  Section 5.10.  Contract Adjustment Payments

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 6

  	
   

  	
   

  
	
  RIGHTS AND REMEDIES OF HOLDERS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 6.01.  Unconditional Right of Holders to Receive Contract
  Adjustment Payments and To Purchase Shares of Common Stock

  	
   

  	
   

  
	
  Section 6.02.  Restoration
  of Rights and Remedies

  	
   

  	
   

  
	
  Section 6.03.  Rights and
  Remedies Cumulative

  	
   

  	
   

  
	
  Section 6.04.  Delay or
  Omission Not Waiver

  	
   

  	
   

  
	
  Section 6.05.  Undertaking
  for Costs

  	
   

  	
   

  
	
  Section 6.06.  Waiver of
  Stay or Extension Laws

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 7

  	
   

  	
   

  
	
  THE PURCHASE CONTRACT AGENT

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.01.  Certain
  Duties and Responsibilities.

  	
   

  	
   

  
	
  Section 7.02.  Notice of
  Default

  	
   

  	
   

  
	
  Section 7.03.  Certain
  Rights of Purchase Contract Agent.

  	
   

  	
   

  

 

ii

 

	
  Section 7.04.  Not
  Responsible for Recitals or Issuance of Units

  	
   

  	
   

  
	
  Section 7.05.  May Hold
  Units

  	
   

  	
   

  
	
  Section 7.06.  Money Held
  in Custody

  	
   

  	
   

  
	
  Section 7.07.  Compensation
  and Reimbursement.

  	
   

  	
   

  
	
  Section 7.08.  Corporate
  Purchase Contract Agent Required; Eligibility

  	
   

  	
   

  
	
  Section 7.09.  Resignation
  and Removal; Appointment of Successor

  	
   

  	
   

  
	
  Section 7.10.  Acceptance
  of Appointment by Successor

  	
   

  	
   

  
	
  Section 7.11.  Merger,
  Conversion, Consolidation or Succession to Business

  	
   

  	
   

  
	
  Section 7.12.  Preservation
  of Information; Communications to Holders

  	
   

  	
   

  
	
  Section 7.13.  No
  Obligations of Purchase Contract Agent

  	
   

  	
   

  
	
  Section 7.14.  Tax
  Compliance

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 8

  	
   

  	
   

  
	
  SUPPLEMENTAL AGREEMENTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.01.  Supplemental
  Agreements without Consent of Holders

  	
   

  	
   

  
	
  Section 8.02.  Supplemental
  Agreements with Consent of Holders

  	
   

  	
   

  
	
  Section 8.03.  Execution
  of Supplemental Agreements

  	
   

  	
   

  
	
  Section 8.04.  Effect of
  Supplemental Agreements

  	
   

  	
   

  
	
  Section 8.05.  Reference
  to Supplemental Agreements

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 9

  	
   

  	
   

  
	
  CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER
  OR LEASE

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.01.  Covenant Not To Consolidate, Merge, Convey,
  Transfer or Lease Property except under Certain Conditions

  	
   

  	
   

  
	
  Section 9.02.  Rights and
  Duties of Successor Corporation

  	
   

  	
   

  
	
  Section 9.03.  Officers’
  Certificate and Opinion of Counsel Given to Purchase Contract Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 10

  	
   

  	
   

  
	
  COVENANTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.01.  Performance
  under Purchase Contracts

  	
   

  	
   

  
	
  Section 10.02.  Maintenance
  of Office or Agency

  	
   

  	
   

  
	
  Section 10.03.  Company To
  Reserve Common Stock

  	
   

  	
   

  
	
  Section 10.04.  Covenants
  as to Common Stock; Listing

  	
   

  	
   

  
	
  Section 10.05.  Statements
  of Officers of the Company as to Default

  	
   

  	
   

  
	
  Section 10.06.  ERISA

  	
   

  	
   

  
	
  Section 10.07.  Tax
  Treatment

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 11

  	
   

  	
   

  
	
  PLEDGE

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 11.01.  Pledge

  	
   

  	
   

  

 

iii

 

	
  Section 11.02.  Termination

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 12

  	
   

  	
   

  
	
  ADMINISTRATION OF COLLATERAL

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.01.  Initial
  Deposit of Senior Notes

  	
   

  	
   

  
	
  Section 12.02.  Establishment
  of Collateral Account

  	
   

  	
   

  
	
  Section 12.03.  Treatment
  as Financial Assets

  	
   

  	
   

  
	
  Section 12.04.  Sole
  Control by Collateral Agent

  	
   

  	
   

  
	
  Section 12.05.  Jurisdiction

  	
   

  	
   

  
	
  Section 12.06.  No Other
  Claims

  	
   

  	
   

  
	
  Section 12.07.  Investment
  and Release

  	
   

  	
   

  
	
  Section 12.08.  Statements
  and Confirmations

  	
   

  	
   

  
	
  Section 12.09.  Tax
  Allocations

  	
   

  	
   

  
	
  Section 12.10.  No Other
  Agreements

  	
   

  	
   

  
	
  Section 12.11.  Powers
  Coupled with an Interest

  	
   

  	
   

  
	
  Section 12.12.  Waiver of
  Lien; Waiver of Set-off

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 13

  	
   

  	
   

  
	
  RIGHTS AND REMEDIES OF THE COLLATERAL AGENT

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 13.01.  Rights and
  Remedies of the Collateral Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 14

  	
   

  	
   

  
	
  REPRESENTATIONS AND WARRANTIES TO

  COLLATERAL AGENT; HOLDER COVENANTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 14.01.  Representations
  and Warranties

  	
   

  	
   

  
	
  Section 14.02.  Covenants

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 15

  	
   

  	
   

  
	
  THE COLLATERAL AGENT, THE CUSTODIAL AGENT
  AND THE SECURITIES INTERMEDIARY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 15.01.  Appointment,
  Powers and Immunities

  	
   

  	
   

  
	
  Section 15.02.  Instructions
  of the Company

  	
   

  	
   

  
	
  Section 15.03.  Reliance
  by Collateral Agent, Custodial Agent and Securities Intermediary

  	
   

  	
   

  
	
  Section 15.04.  Certain
  Rights

  	
   

  	
   

  
	
  Section 15.05.  Merger,
  Conversion, Consolidation or Succession to Business

  	
   

  	
   

  
	
  Section 15.06.  Rights in
  Other Capacities

  	
   

  	
   

  
	
  Section 15.07.  Non-reliance
  on the Collateral Agent, Custodial Agent and Securities Intermediary

  	
   

  	
   

  
	
  Section 15.08.  Compensation
  and Indemnity

  	
   

  	
   

  
	
  Section 15.09.  Failure to
  Act

  	
   

  	
   

  
	
  Section 15.10.  Resignation
  of Collateral Agent, the Custodial Agent and the Securities Intermediary

  	
   

  	
   

  

 

iv

 

	
  Section 15.11.  Right to
  Appoint Agent or Advisor

  	
   

  	
   

  
	
  Section 15.12.  Survival

  	
   

  	
   

  
	
  Section 15.13.  Exculpation

  	
   

  	
   

  
	
  Section 15.14.  Expenses,
  Etc

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 16

  	
   

  	
   

  
	
  MISCELLANEOUS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 16.01.  Security
  Interest Absolute

  	
   

  	
   

  
	
  Section 16.02.  Notice of
  Special Event, Special Event Redemption and Termination Event

  	
   

  	
   

  

 

	
  EXHIBITS

  
	
  Exhibit A

  	
  –

  	
  Form of Corporate Units Certificate

  
	
  Exhibit B

  	
  –

  	
  Form of Treasury Units Certificate

  
	
  Exhibit C

  	
  –

  	
  Instruction to Purchase Contract Agent From
  Holder to Create Treasury Units or Corporate Units

  
	
  Exhibit D

  	
  –

  	
  Notice from Purchase Contract Agent to
  Holders Upon Termination Event

  
	
  Exhibit E

  	
  –

  	
  Notice to Settle by Separate Cash

  
	
  Exhibit F

  	
  –

  	
  Reserved

  
	
  Exhibit G

  	
  –

  	
  Instruction from Purchase Contract Agent to
  Collateral Agent (Creation of Treasury Units)

  
	
  Exhibit H

  	
  –

  	
  Instruction from the Collateral Agent to
  the Securities Intermediary (Creation of Treasury Units)

  
	
  Exhibit I

  	
  –

  	
  Instruction from Purchase Contract Agent to
  Collateral Agent (Recreation of Corporate Units)

  
	
  Exhibit J

  	
  –

  	
  Instruction from Collateral Agent to
  Securities Intermediary (Recreation of Corporate Units)

  
	
  Exhibit K

  	
  –

  	
  Notice of Cash Settlement from Collateral
  Agent to Purchase Contract Agent

  
	
  Exhibit L

  	
  –

  	
  Instruction to Custodial Agent Regarding
  Remarketing

  
	
  Exhibit M

  	
  –

  	
  Instruction to Custodial Agent Regarding
  Withdrawal from Remarketing

  

 

v

 

PURCHASE
CONTRACT AND PLEDGE AGREEMENT, dated as of May [•], 2004, among Genworth
Financial, Inc., a Delaware corporation (the “Company”), The Bank of New
York, a New York banking corporation, acting as purchase contract agent for,
and as attorney-in-fact of, the Holders from time to time of the Units (in such
capacities, together with its successors and assigns in such capacities, the “Purchase
Contract Agent”), and The Bank of New York, as collateral agent
hereunder for the benefit of the Company (in such capacity, together with its
successors in such capacity, the “Collateral Agent”), as custodial agent (in
such capacity, together with its successors in such capacity, the “Custodial Agent”), and as securities
intermediary (as defined in Section 8-102(a)(14) of the UCC) with respect to
the Collateral Account (in such capacity, together with its successors in such
capacity, the “Securities Intermediary”).

 

RECITALS

 

WHEREAS, the Company has duly authorized the execution and delivery of
this Agreement and the Certificates evidencing the Units;

 

WHEREAS, all
things necessary to make the Purchase Contracts, when the Certificates are
executed by the Company and authenticated, executed on behalf of the Holders
and delivered by the Purchase Contract Agent, as provided in this Agreement,
the valid obligations of the Company, and to constitute these presents a valid
agreement of the Company, in accordance with its terms, have been done;

 

WHEREAS,
pursuant to the terms of this Agreement and the Purchase Contracts, the Holders
of the Units have irrevocably authorized the Purchase Contract Agent, as
attorney-in-fact of such Holders, among other things, to execute and deliver
this Agreement on behalf of such Holders and to grant the Pledge provided
herein of the Collateral to secure the Obligations.

 

NOW,
THEREFORE, the parties hereto agree as follows:

 

ARTICLE 1

DEFINITIONS AND OTHER PROVISIONS OF
GENERAL APPLICATION

 

Section 1.01.  Definitions.  For all purposes of this
Agreement, except as otherwise expressly provided or unless the context otherwise
requires:

 

(a)       the terms
defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular, and nouns and pronouns of the
masculine gender include the feminine and neuter genders;

 

(b)       all accounting
terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States;

 

(c)       the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to
this Agreement as a whole and not to any particular Article, Section, Exhibit
or other subdivision;

 

1

 

(d)       the following
terms which are defined in the UCC shall have the meanings set forth therein: “certificated security,” “control,” “financial asset,” “entitlement
order,” “securities account”
and “security entitlement”; and

 

(e)       the following
terms have the meanings given to them in this Section 1.01(e):

 

“Accounting
Event” has the meaning set forth in the Supplemental Indenture.

 

“Act”
has the meaning, with respect to any Holder, set forth in Section 1.04.

 

“Affiliate”
of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with
such specified Person.  For the purposes
of this definition, “control” when used with respect to any specified Person
means the power to direct the management and policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract
or otherwise; and the terms “controlling” and “controlled” have meanings
correlative to the foregoing.

 

“Agreement”
means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more agreements supplemental hereto entered
into pursuant to the applicable provisions hereof.

 

“Applicable
Market Value” has the meaning set forth in Section 5.01(a).

 

“Applicable
Ownership Interest in the Treasury Portfolio” shall mean, with
respect to a Corporate Unit and the Treasury Portfolio, (i) a 2.5% undivided
beneficial ownership interest in $1,000 face amount of U.S. treasury securities
(or principal or interest strips thereof) included in such Treasury Portfolio
that matures on or prior to May 15, 2007, and (ii) for each scheduled Payment
Date on the Senior Notes that occurs after the Special Event Redemption Date to
and including the Purchase Contract Settlement Date, a [•]% undivided beneficial
ownership interest in $1,000 face amount of U.S. treasury securities (or
principal or interest strips thereof) included in such Treasury Portfolio that
mature on or prior to the Business Day immediately preceding such scheduled
Payment Date.

 

“Applicable Ownership Interest in Senior Notes”
means, a 2.5% undivided beneficial ownership interest in $1,000 principal
amount of Senior Notes that is a component of a Corporate Unit, and “Applicable
Ownership Interests in Senior Notes” means the aggregate of each
Applicable Ownership Interest in Senior Notes that is a component of each
Corporate Unit then Outstanding.

 

“Applicants”
has the meaning set forth in Section 7.12(b).

 

“Bankruptcy
Code” means Title 11 of the United States Code, or any other law of
the United States that from time to time provides a uniform system of
bankruptcy laws.

 

2

 

“Beneficial
Owner” means, with respect to a Book-Entry Interest, a Person who is
the beneficial owner of such Book-Entry Interest as reflected on the books of
the Depositary or on the books of a Person maintaining an account with such
Depositary (directly as a Depositary Participant or as an indirect participant,
in each case in accordance with the rules of such Depositary).

 

“Board of
Directors” means the board of directors of the Company or a duly
authorized committee of that board.

 

“Board
Resolution” means one or more resolutions of the Board of Directors,
a copy of which has been certified by the Secretary or an Assistant Secretary
of the Company to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification and delivered to the
Purchase Contract Agent.

 

“Book-Entry
Interest” means a beneficial interest in a Global Certificate,
registered in the name of a Depositary or a nominee thereof, ownership and
transfers of which shall be maintained and made through book entries by such
Depositary as described in Section 3.05(ii).

 

“Business Day”
means any day other than a Saturday or Sunday or any other day on which banking
institutions in New York City, New York are authorized or required by law or
executive order to remain closed; provided that for purposes of the second
paragraph of Section 1.12 only, the term “Business Day” shall also be deemed to
exclude any day on which the Depositary is closed.

 

“Cash” means any coin or currency of the
United States as at the time shall be legal tender for payment of public and
private debts.

 

“Cash Merger”
has the meaning set forth in Section 5.04(b)(ii).

 

“Cash Merger
Early Settlement” has the meaning set forth in Section 5.04(b)(ii).

 

“Cash Merger
Early Settlement Date” has the meaning set forth in Section
5.04(b)(ii).

 

“Cash
Settlement” has the meaning set forth in Section 5.02(a)(i).

 

“Certificate”
means a Corporate Units Certificate or a Treasury Units Certificate, as the
case may be.

 

“Closing
Price” has the meaning set forth in Section 5.01(a).

 

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

 

“Collateral” means the collective reference
to:

 

3

 

(i) 
the Collateral Account and all investment property and other financial
assets from time to time credited to the Collateral Account and all security
entitlements with respect thereto, including, without limitation, (A) the
Applicable Ownership Interests in Senior Notes and security entitlements
relating thereto (and the Senior Notes and security entitlements relating
thereto delivered to the Collateral Agent in respect of such Applicable
Ownership Interests in Senior Notes), (B) the Applicable Ownership Interests in
the Treasury Portfolio (as specified in clause (i) of the definition of such
term) and security entitlements relating thereto, (C) any Treasury Securities
and security entitlements relating thereto Transferred to the Securities
Intermediary from time to time in connection with the creation of Treasury
Units in accordance with Section 3.13 hereof and (D) payments made by Holders
pursuant to Section 5.02 hereof;

 

(ii) 
all Proceeds of any of the foregoing (whether such Proceeds arise before
or after the commencement of any proceeding under any applicable bankruptcy,
insolvency or other similar law, by or against the pledgor or with respect to
the pledgor); and

 

(iii) 
all powers and rights now owned or hereafter acquired under or with
respect to the Collateral.

 

“Collateral Account” means the securities
account of The Bank of New York,  as
Collateral Agent,  maintained on
the books of the Securities Intermediary and designated “The Bank of New York,
as Collateral Agent of Genworth Financial, Inc., as pledgee of The Bank of New
York, as the Purchase Contract Agent on behalf of and as attorney-in-fact for
the Holders”.

 

“Collateral
Agent” means the Person named as “Collateral Agent” in the first
paragraph of this Agreement until a successor Collateral Agent shall have
become such pursuant to this Agreement, and thereafter “Collateral Agent” shall
mean the Person who is then the Collateral Agent hereunder.

 

“collateral
event of default” has the meaning set forth in Section 13.01(b).

 

“Collateral
Substitution” means (i) with respect to the Corporate Units, (x) the
substitution of the Pledged Applicable Ownership Interests in Senior Notes
included in such Corporate Units with Treasury Securities in an aggregate
principal amount at maturity equal to the aggregate principal amount of such
Pledged Applicable Ownership Interests in Senior Notes, or (y) the substitution
of the Pledged Applicable Ownership Interests in the Treasury Portfolio
included in such Corporate Units with Treasury Securities in an aggregate
principal amount at maturity equal to such Pledged Applicable Ownership
Interests in the Treasury Portfolio, or (ii) with respect to the Treasury
Units, (x) the substitution of the Pledged Treasury Securities included in such
Treasury Units (if the Applicable Ownership Interests in the Treasury Portfolio
have not replaced the Applicable Ownership Interests in Senior Notes as a
component of the Corporate Units) with Senior 

 

4

 

Notes in an aggregate principal amount equal
to the aggregate principal amount at stated maturity of the Pledged Treasury
Securities, or (y) the substitution of the Pledged Treasury Securities included
in such Treasury Units (if the Applicable Ownership Interests in the Treasury
Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a
component of the Corporate Units) with the Applicable Ownership Interests in
the Treasury Portfolio (as specified in clause (i) of the definition thereof).

 

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

 

“Company”
means the Person named as the “Company” in the first paragraph of this
instrument until a successor shall have become such pursuant to the applicable
provision of this Agreement, and thereafter “Company” shall mean such
successor.

 

“Constituent
Person” has the meaning set forth in Section 5.04(b)(i).

 

“Contract
Adjustment Payments” means the payments payable by the Company on
the Special Payment Date or the Payment Dates in respect of each Purchase
Contract, at a rate per year of [•]% of the Stated Amount per Purchase
Contract.

 

“Corporate
Trust Office” means the office of the Purchase Contract Agent at
which, at any particular time, its corporate trust business shall be
principally administered, which office at the date hereof is located at 101
Barclay Street, 8W, New York, NY 10286 Attention: Corporate Trust Division –
Corporate Finance Unit.

 

“Corporate
Unit” means the collective rights and obligations of a Holder of a
Corporate Units Certificate in respect of the Applicable Ownership Interests in
Senior Notes or the Applicable Ownership Interests in the Treasury Portfolio,
as the case may be, subject in each case (except that the Applicable Ownership
Interests in the Treasury Portfolio as specified in clause (ii) of the
definition of such term shall not be subject to the Pledge) to the Pledge
thereof, and the related Purchase Contract.

 

“Corporate
Units Certificate” means a certificate evidencing the rights and
obligations of a Holder in respect of the number of Corporate Units specified
on such certificate.

 

“Coupon Rate”
has the meaning set forth in the Supplemental Indenture.

 

 “Current Market Price” means, in respect of
a share of Common Stock on any date of determination, the average of the daily
Closing Prices for the 20 consecutive Trading Days ending the earlier of the
day in question and the day before the “ex date” with respect to the issuance
or distribution requiring such computation. 
For purposes of this definition, the term “ex date,” when used with
respect to any issuance or distribution, shall mean the first date on which
Common Stock trades regular way on such exchange or in such market without the
right to receive such issuance or distribution.

 

5

 

“Custodial
Agent” means the Person named as Custodial Agent in the first
Paragraph of this Agreement until a successor Custodial Agent shall have become
such pursuant to the applicable provisions of this Agreement, and thereafter
“Custodial Agent” shall mean the Person who is then the Custodial Agent
hereunder.

 

“Depositary”
means a clearing agency registered under Section 17A of the Exchange Act that
is designated to act as Depositary for the Units as contemplated by Sections
3.05(ii) and 3.08.

 

“Depositary
Participant” means a broker, dealer, bank, other financial
institution or other Person for whom from time to time the Depositary effects
book entry transfers and pledges of securities deposited with the Depositary.

 

“Distributed
Property” has the meaning set forth in Section 5.04(a)(iv).

 

“Dividend
Threshold Amount” has the meaning set forth in Section 5.04(a)(v).

 

“DTC”
means The Depository Trust Company.

 

“Early
Settlement” has the meaning set forth in Section 5.07(a).

 

“Early
Settlement Amount” has the meaning set forth in Section 5.07(b).

 

“Early
Settlement Date” has the meaning set forth in Section 5.07(b).

 

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

 

“Exchange Act”
means the Securities Exchange Act of 1934 and any statute successor thereto, in
each case as amended from time to time, and the rules and regulations
promulgated thereunder.

 

“Exchange
Property” has the meaning set forth in Section 5.04(b)(i).

 

“Ex-Dividend
Date” has the meaning set forth in Section 5.04(a)(iv).

 

“Expiration
Date” has the meaning set forth in Section 1.04(e).

 

“Expiration
Time” has the meaning set forth in Section 5.04(a)(vi).

 

“Failed Final
Remarketing” has the meaning set forth in Section 5.02(b)(v).

 

“Failed
Remarketing” has the meaning set forth in Section 5.02(b)(iii).

 

“Final
Remarketing Date” means the third Business Day immediately preceding
the Purchase Contract Settlement Date.

 

6

 

“Fixed Settlement
Rate” means each of the Minimum Settlement Rate and the Maximum
Settlement Rate.

 

“Global
Certificate” means a Certificate that evidences all or part of the
Units and is registered in the name of the Depositary or a nominee thereof.

 

“Holder”
means, with respect to a Unit, the Person in whose name the Unit evidenced by a
Certificate is registered in the Security Register.

 

“Indenture”
means the Indenture, dated as of May [•], 2004, between the Company and the
Indenture Trustee (including any provisions of the TIA that are deemed
incorporated therein), as amended and supplemented by the Supplemental
Indenture pursuant to which the Senior Notes will be issued.

 

“Indemnitees”
has the meaning set forth in Section 7.07(c).

 

“Indenture
Trustee” means The Bank of New York, a New York banking corporation,
as trustee under the Indenture, or any successor thereto as described in the
Indenture.

 

“Initial
Remarketing Date” means the fifth Business Day immediately preceding
the Purchase Contract Settlement Date.

 

“Issuer Order”
or “Issuer
Request” means a written order or request signed in the name of the
Company by (i) either its Chief Executive Officer, its President or one of its
Vice Presidents, and (ii) either its Corporate Secretary or one of its
Assistant Corporate Secretaries or its Treasurer or one of its Assistant
Treasurers, and delivered to the Purchase Contract Agent.

 

“Losses”
has the meaning set forth in Section 15.08(b).

 

“Maximum
Settlement Rate” has the meaning set forth in Section 5.01(a).

 

“Minimum
Settlement Rate” has the meaning set forth in Section 5.01(a).

 

 “non-electing share” has the meaning set
forth in Section 5.04(b)(i).

 

“NYSE”
has the meaning set forth in Section 5.01(a).

 

“Obligations” means, with respect to each
Holder, all obligations and liabilities of such Holder under such Holder’s
Purchase Contract and this Agreement or any other document made, delivered or
given in connection herewith or therewith, in each case whether on account of
principal, interest (including, without limitation, interest accruing before
and after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to such Holder, whether
or not a claim for post-filing or post-petition interest is allowed in such
proceeding), fees, 

 

7

 

indemnities, costs, expenses or otherwise
(including, without limitation, all fees and disbursements of counsel to the
Company or the Collateral Agent or the Securities Intermediary that are
required to be paid by the Holder pursuant to the terms of any of the foregoing
agreements).

 

“Officers’
Certificate” means a certificate signed by (i) either the Company’s
Chief Executive Officer, its President or one of its Vice Presidents, and (ii)
either the Company’s Corporate Secretary or one of its Assistant Corporate
Secretaries or its Treasurer or one of its Assistant Treasurers, and delivered
to the Purchase Contract Agent. Any Officers’ Certificate delivered with
respect to compliance with a condition or covenant provided for in this
Agreement (other than the Officers’ Certificate provided for in Section 10.05)
shall include the information set forth in Section 1.02 hereof.

 

“Opinion of
Counsel” means a written opinion of counsel, who may be counsel to
the Company (and who may be an employee of the Company), and who shall be
reasonably acceptable to the Purchase Contract Agent.  An opinion of counsel may rely on certificates as to matters of
fact.

 

“Outstanding”
means, as of any date of determination, all Units evidenced by Certificates
theretofore authenticated, executed and delivered under this Agreement, except:

 

(i) 
all Units, if a Termination Event has occurred;

 

(ii) 
Units evidenced by Certificates theretofore cancelled by the Purchase
Contract Agent or delivered to the Purchase Contract Agent for cancellation or
deemed cancelled pursuant to the provisions of this Agreement; and

 

(iii) 
Units evidenced by Certificates in exchange for or in lieu of which
other Certificates have been authenticated, executed on behalf of the Holder
and delivered pursuant to this Agreement, other than any such Certificate in
respect of which there shall have been presented to the Purchase Contract Agent
proof satisfactory to it that such Certificate is held by a protected purchaser
in whose hands the Units evidenced by such Certificate are valid obligations of
the Company;

 

provided, however,
that in determining whether the Holders of the requisite number of the Units
have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, Units owned by the Company or any Affiliate of the Company
shall be disregarded and deemed not to be Outstanding Units, except that, in
determining whether the Purchase Contract Agent shall be authorized and
protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Units that a Responsible Officer of the
Purchase Contract Agent actually knows to be so owned shall be so disregarded.
Units so owned that have been pledged in good faith may be regarded as
Outstanding Units if the pledgee establishes to the satisfaction of the
Purchase Contract 

 

8

 

Agent the
pledgee’s right so to act with respect to such Units and that the pledgee is
not the Company or any Affiliate of the Company.

 

“Payment Date”
means each February 16, May 16, August 16 and November 16 of each year,
commencing August 16, 2004.

 

“Permitted Investments” means any one of the
following, in each case maturing on the Business Day following the date of
acquisition:

 

(1)     any
evidence of indebtedness with an original maturity of 365 days or less issued,
or directly and fully guaranteed or insured, by the United States of America or
any agency or instrumentality thereof (provided
that the full faith and credit of the United States of America is pledged in
support of the timely payment thereof or such indebtedness constitutes a
general obligation of it);

 

(2)     deposits,
certificates of deposit or acceptances with an original maturity of 365 days or
less of any institution which is a member of the Federal Reserve System having
combined capital and surplus and undivided profits of not less than $500
million at the time of deposit (and which may include the Collateral Agent);

 

(3)     investments
with an original maturity of 365 days or less of any Person that is fully and
unconditionally guaranteed by a bank referred to in clause (2);

 

(4)     repurchase
agreements and reverse repurchase agreements relating to marketable direct
obligations issued or unconditionally guaranteed by the United States of
America or issued by any agency thereof and backed as to timely payment by the
full faith and credit of the United States of America;

 

(5)     investments
in commercial paper, other than commercial paper issued by the Company or its
affiliates, of any corporation incorporated under the laws of the United States
or any State thereof, which commercial paper has a rating at the time of
purchase at least equal to “A-1”
by Standard & Poor’s Ratings Services (“S&P”)
or at least equal to “P-1” by
Moody’s Investors Service, Inc. (“Moody’s”);
and

 

(6)     investments
in money market funds (including, but not limited to, money market funds
managed by the Collateral Agent or an affiliate of the Collateral Agent)
registered under the Investment Company Act of 1940, as amended, rated in the
highest applicable rating category by S&P or Moody’s.

 

“Person”
means a legal person, including any individual, corporation, estate,
partnership, joint venture, association, joint-stock company, limited liability
company, 

 

9

 

trust, unincorporated organization or
government or any agency or political subdivision thereof or any other entity
of whatever nature.

 

“Plan”
means an employee benefit plan that is subject to ERISA, a plan or individual
retirement account that is subject to Section 4975 of the Code or any entity
whose assets are considered assets of any such plan.

 

“Pledge”
means the lien and security interest in the Collateral created by this
Agreement.

 

“Pledged Applicable Ownership Interests in Senior Notes”
means the Applicable Ownership Interests in Senior Notes and security
entitlements with respect thereto from time to time credited to the Collateral
Account and not then released from the Pledge.

 

“Pledged Applicable Ownership Interests in the Treasury
Portfolio” means the Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (i) of the definition thereof) and security
entitlements with respect thereto from time to time credited to the Collateral
Account and not then released from the Pledge.

 

“Pledged Securities” means the Pledged
Applicable Ownership Interests in Senior Notes, the Pledged Applicable
Ownership Interests in the Treasury Portfolio and the Pledged Treasury
Securities, collectively.

 

“Pledged Treasury Securities” means Treasury
Securities and security entitlements with respect thereto from time to time
credited to the Collateral Account and not then released from the Pledge.

 

“Pledge
Indemnitees” has the meaning set forth in Section 15.08(b).

 

“Predecessor
Certificate” means a Predecessor Corporate Units Certificate or a
Predecessor Treasury Units Certificate.

 

“Predecessor
Corporate Units Certificate” of any particular Corporate Units
Certificate means every previous Corporate Units Certificate evidencing all or
a portion of the rights and obligations of the Company and the Holder under the
Corporate Units evidenced thereby; and, for the purposes of this definition,
any Corporate Units Certificate authenticated and delivered under Section 3.10
in exchange for or in lieu of a mutilated, destroyed, lost or stolen Corporate
Units Certificate shall be deemed to evidence the same rights and obligations of
the Company and the Holder as the mutilated, destroyed, lost or stolen
Corporate Units Certificate.

 

“Predecessor
Treasury Units Certificate” of any particular Treasury Units
Certificate means every previous Treasury Units Certificate evidencing all or a
portion of the rights and obligations of the Company and the Holder under the
Treasury Units evidenced thereby; and, for the purposes of this definition, any
Treasury Units Certificate 

 

10

 

authenticated and delivered under Section
3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen
Treasury Units Certificate shall be deemed to evidence the same rights and
obligations of the Company and the Holder as the mutilated, destroyed, lost or
stolen Treasury Units Certificate.

 

“Pro Rata”
shall mean pro rata to each Holder according to the aggregate Stated Amount of
the Units held by such Holder in relation to the aggregate Stated Amount of all
Units outstanding.

 

“Proceeds” has the meaning ascribed thereto
in the UCC and includes, without limitation, all interest, dividends, cash,
instruments, securities, financial assets and other property received,
receivable or otherwise distributed upon the sale (including, without
limitation, any Remarketing), exchange, collection or disposition of any
financial assets from time to time credited to the Collateral Account.

 

“Prospectus”
means the prospectus relating to the delivery of shares or any securities in
connection with an Early Settlement pursuant to Section 5.07 or a Cash Merger
Early Settlement of Purchase Contracts pursuant to Section 5.04(b)(ii), in the
form in which first filed, or transmitted for filing, with the Securities and
Exchange Commission after the effective date of the Registration Statement
pursuant to Rule 424(b) under the Securities Act, including the documents
incorporated by reference therein as of the date of such Prospectus.

 

“Purchase
Contract” means, with respect to any Unit, the contract forming a
part of such Unit and obligating the Company to (i) sell, and the Holder of
such Unit to purchase, shares of Common Stock and (ii) pay the Holder thereof
Contract Adjustment Payments, in each case on the terms and subject to the
conditions set forth in Article 5 hereof.

 

“Purchase
Contract Agent” means the Person named as the “Purchase Contract
Agent” in the first paragraph of this Agreement until a successor Purchase
Contract Agent shall have become such pursuant to the applicable provisions of
this Agreement, and thereafter “Purchase Contract Agent” shall mean such Person
or any subsequent successor who is appointed pursuant to this Agreement.

 

“Purchase
Contract Settlement Date” means May 16, 2007.

 

“Purchase
Contract Settlement Fund” has the meaning set forth in Section 5.03.

 

“Purchase
Price” has the meaning set forth in Section 5.01(a).

 

“Purchased
Shares” has the meaning set forth in Section 5.04(a)(vi).

 

“Put Right”
has the meaning set forth in Section 8.05(a) of the Supplemental Indenture.

 

11

 

“Quotation
Agent” has the meaning set forth in the Supplemental Indenture.

 

“Record Date”
for any distribution and any Contract Adjustment Payment payable on any Payment
Date means the first day of the calendar month in which the relevant Payment
Date falls.

 

“Redemption
Amount” has the meaning set forth in the Supplemental Indenture.

 

“Redemption
Price” has the meaning set forth in the Supplemental Indenture.

 

“Reference
Price” has the meaning set forth in Section 5.01(a).

 

“Registration
Statement” means a registration statement under the Securities Act
prepared by the Company covering, inter alia, the delivery by the Company of
any securities in connection with an Early Settlement on the Early Settlement
Date or a Cash Merger Early Settlement of Purchase Contracts on the Cash Merger
Early Settlement Date under Section 5.04(b)(ii), including all exhibits thereto
and the documents incorporated by reference in the prospectus contained in such
registration statement, and any post-effective amendments thereto.

 

“Remarketing”
has the meaning set forth in the Remarketing Agreement.

 

“Remarketing
Agent” has the meaning set forth in Section 1.01 of the Supplemental
Indenture.

 

“Remarketing
Agreement” has the meaning set forth in Section 1.01 of the Supplemental
Indenture.

 

“Remarketing
Date” means any of the Initial Remarketing Date, the Second
Remarketing Date or the Final Remarketing Date.

 

“Remarketing
Fee” has the meaning set forth in the Remarketing Agreement.

 

“Remarketing
Price” has the meaning set forth in Section 5.02(b)(iii).

 

“Reorganization
Event” has the meaning set forth in Section 5.04(b)(i).

 

“Reset Rate”
has the meaning set forth in the Remarketing Agreement.

 

“Responsible
Officer” means, when used with respect to the Purchase Contract Agent,
any officer of the Purchase Contract Agent within the Corporate Trust
Division—Corporate Finance Unit (or any successor unit, department or division
of the Purchase Contract Agent) located at the Corporate Trust Office of the
Purchase Contract Agent who has direct responsibility for the administration of
the Agreement and for the purposes of Section 7.03(a), also means, with respect
to a particular corporate trust matter, any other 

 

12

 

officer, trust officer or person performing
similar functions to whom such matter is referred because of his or her
knowledge of and familiarity of the particular subject.

 

“Restrictive
Legend” means a legend to the following effect:

 

THIS SECURITY
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS.  THIS SECURITY
MAY NOT BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.

 

“Rights”
has the meaning set forth in Section 5.04(a)(xi).

 

“Second
Remarketing Date” means the fourth Business Day immediately
preceding the Purchase Contract Settlement Date.

 

“Securities
Act” means the Securities Act of 1933 and any statute successor
thereto, in each case as amended from time to time, and the rules and
regulations promulgated thereunder.

 

“Securities
Intermediary” means the Person named as Securities Intermediary in
the first Paragraph of this Agreement until a successor Securities Intermediary
shall have become such pursuant to the applicable provisions of this Agreement,
and thereafter “Securities Intermediary” shall mean such successor or any
subsequent successor.

 

“Security
Register” and “Securities Registrar” have the respective
meanings set forth in Section 3.05.

 

“Senior
Indebtedness” means indebtedness of any kind of the Company (other
than obligations arising under the Company’s $550 million subordinated
Contingent Promissory Note dated as of [•], 2004 or under the Tax Matters
Agreement, dated as of [•],
by and among, inter alia, General Electric Company, General Electric Capital
Corporation and the Company) unless the instrument under which such
indebtedness is incurred expressly provides that it is on a parity in right of
payment with or subordinate in right of payment to the Contract Adjustment
Payments.

 

“Senior Notes”
means the series of notes designated the [•]% Senior Notes due 2009 of the
Company.

 

“Separate Senior Notes” means Senior Notes
that have been released from the Pledge following Collateral Substitution and
therefore no longer underlie Corporate Units.

 

“Settlement
Rate” has the meaning set forth in Section 5.01(a).

 

“Special
Event” has the meaning set forth in the Supplemental Indenture.

 

13

 

“Special
Event Redemption” has the meaning set forth in the Supplemental
Indenture.

 

“Special
Event Redemption Date” has the meaning set forth in the Supplemental
Indenture.

 

“Special
Payment Date” has the meaning set forth in Section 5.10.

 

“Stated
Amount” means $25.

 

“Successful
Remarketing” has the meaning set forth in Section 5.02(b)(iv).

 

“Supplemental
Indenture” means the Supplemental Indenture No. 1 dated as of the
date hereof between the Company and the Indenture Trustee pursuant to which the
Senior Notes are issued.

 

“Tax Event”
has the meaning set forth in the Supplemental Indenture.

 

“Termination
Date” means the date, if any, on which a Termination Event occurs.

 

“Termination
Event” means the occurrence of any of the following events:

 

(i) 
at any time on or prior to the Purchase Contract Settlement Date, a
decree or order by a court having jurisdiction in the premises shall have been
entered adjudging the Company a bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization of the Company under the Bankruptcy
Code or any other similar applicable Federal or state law and if such judgment,
decree or order shall have been entered more than 60 days prior to the Purchase
Contract Settlement Date, such decree or order shall have continued
undischarged and unstayed for a period of 60 days;

 

(ii) 
at any time on or prior to the Purchase Contract Settlement Date, a
decree or order of a court having jurisdiction in the premises for the
appointment of a receiver or liquidator or trustee or assignee (or other
similar official) in bankruptcy or insolvency of the Company or of all or
substantially all of its property, or for the winding up or liquidation of its
affairs, shall have been entered and if such decree or order shall have been
entered more than 60 days prior to the Purchase Contract Settlement Date, such
judgment, decree or order shall have continued undischarged and unstayed for a
period of 60 days; or

 

(iii) at any time on or prior to the Purchase
Contract Settlement Date, the Company shall institute proceedings to be
adjudicated a voluntary bankrupt, or shall consent to the filing of a
bankruptcy proceeding against it, or shall file a petition or answer or consent
seeking reorganization under the Bankruptcy Code or any other similar
applicable Federal or state law, or shall consent to the filing of any such
petition, or shall consent to the appointment of a receiver or liquidator or 

 

14

 

trustee or assignee (or other similar
official) in bankruptcy or insolvency of it or of its property, or shall make
an assignment for the benefit of creditors, or shall admit in writing its
inability to pay its debts generally as they become due.

 

“Threshold
Appreciation Price” has the meaning set forth in Section 5.01(a).

 

“TIA”
means the Trust Indenture Act of 1939, as amended from time to time, or any
successor legislation.

 

“TRADES” means the Treasury/Reserve
Automated Debt Entry System maintained by the Federal Reserve Bank of New York
pursuant to the TRADES Regulations.

 

“TRADES Regulations” means the regulations
of the United States Department of the Treasury, published at 31 C.F.R. Part
357, as amended from time to time. 
Unless otherwise defined herein, all terms defined in the TRADES
Regulations are used herein as therein defined.

 

“Trading Day”
has the meaning set forth in Section 5.01(a).

 

“Transfer” means (i) in the case of
certificated securities in registered form, delivery as provided in Section
8-301(a) of the UCC, indorsed to the transferee or in blank by an effective
endorsement; (ii) in the case of Treasury Securities, registration of the
transferee as the owner of such Treasury Securities on TRADES; and (iii) in the
case of security entitlements, including, without limitation, security
entitlements with respect to Treasury Securities, a securities intermediary
indicating by book entry that such security entitlement has been credited to
the transferee’s securities account.

 

“Treasury
Portfolio” has the meaning set forth in the Supplemental Indenture.

 

“Treasury
Portfolio Purchase Price” has the meaning set forth in the
Supplemental Indenture.

 

 “Treasury Securities” means zero-coupon U.S.
treasury securities that mature on May 15, 2007 (CUSIP No. 912828AC4).

 

“Treasury
Unit” means, following the substitution of Treasury Securities for
Pledged Applicable Ownership Interests in Senior Notes or Pledged Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, as
collateral to secure a Holder’s obligations under the Purchase Contract, the
collective rights and obligations of a Holder of a Treasury Units Certificate
in respect of such Treasury Securities, subject to the Pledge thereof, and the
related Purchase Contract.

 

“Treasury
Units Certificate” means a certificate evidencing the rights and
obligations of a Holder in respect of the number of Treasury Units specified on
such certificate.

 

15

 

“Trigger
Event” has the meaning set forth in Section 5.04(a)(iv).

 

“UCC” means the Uniform Commercial Code as
in effect in the State of New York from time to time.

 

“Underwriters”
means the underwriters identified in Schedule 1 to the Underwriting Agreement.

 

“Underwriting
Agreement” means the Underwriting Agreement, dated May [•], 2004, among the
Company, GE Financial Assurance Holdings, Inc. and Morgan Stanley & Co.
Incorporated and Goldman, Sachs & Co., as representative of the
Underwriters, relating to the sale of Corporate Units by GE Financial Assurance
Holdings, Inc.

 

“Unit”
means a Corporate Unit or a Treasury Unit, as the case may be.

 

“Units
Prospectus”
means the registration statement, as amended, filed with the Securities and
Exchange Commission (File No. 333-115019 and the prospectus contained therein
dated May [•],
2004, describing, among other things, the terms of the Units.

 

 “Value”
means, with respect to any item of Collateral on any date, as to (1) Cash, the
amount thereof, (2) Treasury Securities, the aggregate principal amount thereof
at maturity, (3) Applicable Ownership Interests in the Treasury Portfolio (as
specified in clause (i) of the definition of such term), the appropriate
aggregate percentage of the aggregate principal amount at maturity of the
Treasury Portfolio and (4) Applicable Ownership Interests in Senior Notes, the
appropriate aggregate percentage of the aggregate principal amount at maturity
of the underlying Senior Notes.

 

“Vice
President” means any vice president, whether or not designated by a
number or a word or words added before or after the title “vice president.”

 

Section 1.02.  Compliance Certificates and Opinions.  Except as otherwise expressly
provided by this Agreement, upon any application or request by the Company to
the Purchase Contract Agent to take any action in accordance with any provision
of this Agreement, the Company shall furnish to the Purchase Contract Agent an
Officers’ Certificate stating that all conditions precedent, if any, provided
for in this Agreement relating to the proposed action have been complied with
and, if requested by the Purchase Contract Agent, an Opinion of Counsel stating
that, in the opinion of such counsel, all such conditions precedent, if any,
have been complied with, except that in the case of any such application or
request as to which the furnishing of such documents is specifically required
by any provision of this Agreement relating to such particular application or
request, no additional certificate or opinion need be furnished.

 

Every
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Agreement (other than the Officers’ Certificate provided
for in Section 10.05) shall include:

 

16

 

(i)    a
statement that each individual signing such certificate or opinion has read
such covenant or condition and the definitions herein relating thereto;

 

(ii)   a
brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion
are based;

 

(iii) a
statement that, in the opinion of each such individual, he or she has made such
examination or investigation as is necessary to enable such individual to
express an informed opinion as to whether or not such covenant or condition has
been complied with; and

 

(iv)  a
statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with.

 

Section 1.03.  Form of Documents Delivered to Purchase
Contract Agent.

 

In any case
where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be
certified by, or covered by the opinion of, only one such Person, or that they
be so certified or covered by only one document, but one such Person may
certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an
opinion as to such matters in one or several documents. Any certificate or
opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by,
counsel, unless such officer knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to
the matters upon which its certificate or opinion is based are erroneous.  Any such certificate or Opinion of Counsel
may be based, insofar as it relates to factual matters, upon a certificate or
opinion of, or representations by, an officer or officers of the Company unless
such counsel knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to such matters are
erroneous.

 

Where any
Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this
Agreement, they may, but need not, be consolidated and form one instrument.

 

Section 1.04.  Acts of Holders; Record Dates.  (a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Agreement to be given or taken by Holders may be embodied in and evidenced
by one or more instruments of substantially similar tenor signed by such
Holders in person or by an agent duly appointed in writing; and, except as
herein otherwise expressly provided, such action shall become effective when
such instrument or instruments are delivered to the Purchase Contract Agent
and, where it is hereby expressly required, to the Company.  Such instrument or instruments (and the
action embodied therein and evidenced thereby) are 

 

17

 

herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments.  Proof of execution of any such instrument or
of a writing appointing any such agent shall be sufficient for any purpose of
this Agreement and (subject to Section 7.01) conclusive in favor of the
Purchase Contract Agent and the Company, if made in the manner provided in this
Section.

 

(b)       The fact and
date of the execution by any Person of any such instrument or writing may be
proved in any manner that the Purchase Contract Agent deems sufficient.

 

(c)       The ownership of
Units shall be proved by the Security Register.

 

(d)       Any request,
demand, authorization, direction, notice, consent, waiver or other Act of the
Holder of any Unit shall bind every future Holder of the same Unit and the
Holder of every Certificate evidencing such Unit issued upon the registration
of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Purchase Contract Agent or
the Company in reliance thereon, whether or not notation of such action is made
upon such Certificate.

 

(e)       The Company may
set any date as a record date for the purpose of determining the Holders of
Outstanding Units entitled to give, make or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided or
permitted by this Agreement to be given, made or taken by Holders.  If any record date is set pursuant to this
paragraph, the Holders of the Outstanding Corporate Units and the Outstanding
Treasury Units, as the case may be, on such record date, and no other Holders,
shall be entitled to take the relevant action with respect to the Corporate
Units or the Treasury Units, as the case may be, whether or not such Holders
remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken prior to or on the applicable Expiration Date
by Holders of the requisite number of Outstanding Units on such record
date.  Nothing contained in this
paragraph shall be construed to prevent the Company from setting a new record
date for any action for which a record date has previously been set pursuant to
this paragraph (whereupon the record date previously set shall automatically
and with no action by any Person be cancelled and be of no effect), and nothing
contained in this paragraph shall be construed to render ineffective any action
taken by Holders of the requisite number of Outstanding Units on the date such
action is taken.  Promptly after any
record date is set pursuant to this paragraph, the Company, at its own expense,
shall cause notice of such record date, the proposed action by Holders and the
applicable Expiration Date to be given to the Purchase Contract Agent in
writing and to each Holder in the manner set forth in Section 1.06.

 

With respect
to any record date set pursuant to this Section 1.04(e), the Company may
designate any date as the “Expiration Date” and from time to time may
change the Expiration Date to any later day; provided that no such change
shall be effective unless notice of the proposed new Expiration Date is given
to the Purchase Contract Agent in writing, and to each Holder in the manner set
forth in Section 1.06, prior to or on the existing Expiration Date. If an Expiration
Date is not designated with respect to any record 

 

18

 

date set pursuant to this Section, the
Company shall be deemed to have initially designated the 180th day after such
record date as the Expiration Date with respect thereto, subject to its right
to change the Expiration Date as provided in this paragraph.  Notwithstanding the foregoing, no Expiration
Date shall be later than the 180th day after the applicable record date.

 

Section 1.05.  Notices. 
All notices, requests, consents and other communications
provided for herein (including, without limitation, any modifications of, or
waivers or consents under, this Agreement) shall be given or made in writing
(including, without limitation, by telecopy) delivered to the intended
recipient at the “Address for Notices”
specified below its name on the signature pages hereof or, as to any party, at
such other address as shall be designated by such party in a notice to the
other parties. Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given when transmitted by
telecopier or personally delivered or, in the case of a mailed notice, upon
receipt, in each case given or addressed as aforesaid.

 

The Purchase
Contract Agent shall send to the Indenture Trustee at the following address a
copy of any notices in the form of Exhibits C, D, E, G, I or K it sends or
receives:

 

The Bank of New York

101 Barclay Street, 8W

New York, NY 10286

Attention: Corporate Trust Division – Corporate Finance Unit

Fax: 212-815-5707

 

Section 1.06.  Notice to Holders; Waiver.  Where this Agreement provides for
notice to Holders of any event, such notice shall be sufficiently given (unless
otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to each Holder affected by such event, at its address as it
appears in the Security Register, not later than the latest date, and not
earlier than the earliest date, prescribed for the giving of such notice.  In any case where notice to Holders is given
by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders.  Where
this Agreement provides for notice in any manner, such notice may be waived in
writing by the Person entitled to receive such notice, either before or after
the event, and such waiver shall be the equivalent of such notice.  Waivers of notice by Holders shall be filed
with the Purchase Contract Agent, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver.

 

In case by
reason of the suspension of regular mail service or by reason of any other
cause it shall be impracticable to give such notice by mail, then such
notification as shall be made with the approval of the Purchase Contract Agent
shall constitute a sufficient notification for every purpose hereunder.

 

19

 

Section 1.07.  Effect of Headings and Table of Contents.  The Article and Section headings
herein and the Table of Contents are for convenience only and shall not affect
the construction hereof.

 

Section 1.08.  Successors and Assigns.  This Agreement shall be binding
upon and inure to the benefit of the respective successors and assigns of the
Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent
and the Securities Intermediary, and the Holders from time to time of the
Units, by their acceptance of the same, shall be deemed to have agreed to be
bound by the provisions hereof and to have ratified the agreements of, and the
grant of the Pledge hereunder by, the Purchase Contract Agent.

 

Section 1.09.  Separability
Clause.  In case any
provision in this Agreement or in the Units shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions hereof and thereof shall not in any way be affected or impaired
thereby.

 

Section 1.10.  Benefits of Agreement.  Nothing contained in this
Agreement or in the Units, express or implied, shall give to any Person, other
than the parties hereto and their successors hereunder and, to the extent
provided hereby, the Holders, any benefits or any legal or equitable right,
remedy or claim under this Agreement. The Holders from time to time shall be
beneficiaries of this Agreement and shall be bound by all of the terms and
conditions hereof and of the Units evidenced by their Certificates by their
acceptance of delivery of such Certificates.

 

Section 1.11.  Governing Law.  THIS AGREEMENT AND THE UNITS
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PROVISIONS THEREOF TO
THE EXTENT A DIFFERENT LAW WOULD GOVERN AS A RESULT.  The Company, the Collateral Agent, the Custodial Agent, the
Securities Intermediary and the Holders from time to time of the Units, acting
through the Purchase Contract Agent as their attorney-in-fact, hereby submit to
the nonexclusive jurisdiction of the United States District Court for the
Southern District of New York and of any New York state court sitting in New
York City for the purposes of all legal proceedings arising out of or relating
to this Agreement or the transactions contemplated hereby. The Company, the
Collateral Agent, the Custodial Agent, the Securities Intermediary and the
Holders from time to time of the Units, acting through the Purchase Contract
Agent as their attorney-in-fact, irrevocably waive, to the fullest extent
permitted by applicable law, any objection which they may now or hereafter have
to the laying of the venue of any such proceeding brought in such a court and
any claim that any such proceeding brought in such a court has been brought in
an inconvenient forum.

 

Section 1.12.  Legal Holidays.  In any case where any Payment
Date shall not be a Business Day (notwithstanding any other provision of this
Agreement or the Units), Contract Adjustment Payments or other distributions shall
not be paid on such date, but Contract Adjustment Payments or such other
distributions shall be paid on the next 

 

20

 

succeeding Business Day, with the same force
and effect as if made on such scheduled Payment Date; provided that no interest
shall accrue or be payable by the Company or to any Holder in respect of such
delay.

 

In any case
where the Purchase Contract Settlement Date or any Early Settlement Date or
Cash Merger Early Settlement Date shall not be a Business Day (notwithstanding
any other provision of this Agreement or the Units), Purchase Contracts shall
not be performed and Early Settlement and Cash Merger Early Settlement shall
not be effected on such date, but Purchase Contracts shall be performed or
Early Settlement or Cash Merger Early Settlement shall be effected, as
applicable, on the next succeeding Business Day with the same force and effect
as if made on such Purchase Contract Settlement Date, Early Settlement Date or
Cash Merger Early Settlement Date, as applicable.

 

Section 1.13.  Counterparts.  This Agreement may be executed in
any number of counterparts by the parties hereto, each of which, when so
executed and delivered, shall be deemed an original, but all such counterparts
shall together constitute one and the same instrument.

 

Section 1.14.  Inspection of Agreement.  A copy of this Agreement shall be
available at all reasonable times during normal business hours at the Corporate
Trust Office for inspection by any Holder or Beneficial Owner.

 

Section 1.15.  Appointment of Financial Institution as
Agent for the Company.  The
Company may appoint a financial institution (which may be the Collateral Agent)
to act as its agent in performing its obligations and in accepting and enforcing
performance of the obligations of the Purchase Contract Agent and the Holders,
under this Agreement and the Purchase Contracts, by giving notice of such
appointment in the manner provided in Section 1.05 hereof.  Any such appointment shall not relieve the
Company in any way from its obligations hereunder.

 

Section 1.16.  No Waiver. 
No failure on the part of the Company, the Purchase Contract
Agent, the Collateral Agent, the Custodial Agent, the Securities Intermediary
or any of their respective agents to exercise, and no course of dealing with
respect to, and no delay in exercising, any right, power or remedy hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise by
the Company, the Collateral Agent, the Custodial Agent, the Securities
Intermediary or any of their respective agents of any right, power or remedy
hereunder preclude any other or further exercise thereof or the exercise of any
other right, power or remedy.  The
remedies herein are cumulative and are not exclusive of any remedies provided
by law.

 

ARTICLE 2

CERTIFICATE FORMS

 

Section 2.01.  Forms of Certificates Generally.  The Certificates (including the
form of Purchase Contract forming part of each Unit evidenced thereby) shall be
in 

 

21

 

substantially the form set forth in Exhibit A
hereto (in the case of Corporate Units Certificates) or Exhibit B hereto (in
the case of Treasury Units Certificates), with such letters, numbers or other
marks of identification or designation and such legends or endorsements
printed, lithographed or engraved thereon as may be required by the rules of
any securities exchange on which the Units are listed or any depositary
therefor, or as may, consistently herewith, be determined by the officers of
the Company executing such Certificates, as evidenced by their execution of the
Certificates.

 

The definitive
Certificates shall be produced in any manner as determined by the officers of
the Company executing the Units evidenced by such Certificates, consistent with
the provisions of this Agreement, as evidenced by their execution thereof.

 

Every Global Certificate authenticated, executed on behalf of the
Holders and delivered hereunder shall bear a legend substantially in the form
set forth in Exhibit A and Exhibit B for a Global Certificate.

 

Section 2.02.  Form of Purchase Contract Agent’s
Certificate of Authentication.  The
form of the Purchase Contract Agent’s certificate of authentication of the
Units shall be in substantially the form set forth on the form of the
applicable Certificates.

 

ARTICLE 3

THE UNITS

 

Section 3.01.  Amount; Form and Denominations.  The aggregate number of Units
evidenced by Certificates authenticated, executed on behalf of the Holders and
delivered hereunder is limited to 24,000,000, except for Certificates
authenticated, executed and delivered upon registration of transfer of, in
exchange for, or in lieu of, other Certificates pursuant to Section 3.04,
Section 3.05, Section 3.10, Section 3.13, Section 3.14 or Section 8.05.

 

The
Certificates shall be issuable only in registered form and only in
denominations of a single Corporate Unit or Treasury Unit and any integral
multiple thereof.

 

Section 3.02.  Rights and Obligations Evidenced by the
Certificates.  Each
Corporate Units Certificate shall evidence the number of Corporate Units
specified therein, with each such Corporate Unit representing (1) the ownership
by the Holder thereof of an Applicable Ownership Interest in Senior Notes or an
Applicable Ownership Interest in the Treasury Portfolio, as the case may be,
subject to the Pledge of such Applicable Ownership Interest in Senior Note or
Applicable Ownership Interest in the Treasury Portfolio (as specified in clause
(i) of the definition of such term), as the case may be, by such Holder
pursuant to this Agreement, and (2) the rights and obligations of the Holder
thereof and the Company under one Purchase Contract.  The Purchase Contract Agent is hereby authorized, as attorney-in-fact
for, and on behalf of, the Holder of each Corporate Unit, to pledge, pursuant
to Article 11 hereof, the Applicable Ownership Interest in Senior Notes, or the
Applicable Ownership Interest in the Treasury Portfolio (as specified in clause
(i) of 

 

22

 

the definition of such term) forming a part
of such Corporate Unit, to the Collateral Agent for the benefit of the Company,
and to grant to the Collateral Agent, for the benefit of the Company, a
security interest in the right, title and interest of such Holder in such
Applicable Ownership Interest in Senior Notes or Applicable Ownership Interest
in the Treasury Portfolio (as specified in clause (i) of the definition of such
term) to secure the obligation of the Holder under each Purchase Contract to
purchase shares of Common Stock.  To
effect such Pledge and grant such security interest, the Purchase Contract
Agent on behalf of the Holders of Corporate Units has, on the date hereof,
delivered to the Collateral Agent the Senior Notes underlying the Applicable
Ownership Interests in Senior Notes.

 

Upon the
formation of a Treasury Unit pursuant to Section 3.13, each Treasury Unit
Certificate shall evidence the number of Treasury Units specified therein, with
each such Treasury Unit representing (1) the ownership by the Holder thereof of
a 1/40 or 2.5% undivided beneficial interest in a Treasury Security with a
principal amount equal to $1,000, subject to the Pledge of such interest by
such Holder pursuant to this Agreement, and (2) the rights and obligations of
the Holder thereof and the Company under one Purchase Contract.  The Purchase Contract Agent is hereby
authorized, as attorney-in-fact for, and on behalf of, the Holder of each
Treasury Unit, to pledge, pursuant to Article 11 hereof, such Holder’s interest
in the Treasury Security forming a part of such Treasury Unit to the Collateral
Agent, for the benefit of the Company, and to grant to the Collateral Agent,
for the benefit of the Company, a security interest in the right, title and
interest of such Holder in such Treasury Security to secure the obligation of
the Holder under each Purchase Contract to purchase shares of Common Stock.

 

Prior to the
purchase of shares of Common Stock under each Purchase Contract, such Purchase
Contracts shall not entitle the Holder of a Unit to any of the rights of a
holder of shares of Common Stock, including, without limitation, the right to
vote or receive any dividends or other payments or to consent or to receive
notice as a shareholder in respect of the meetings of shareholders or for the
election of directors of the Company or for any other matter, or any other
rights whatsoever as a shareholder of the Company.

 

Section 3.03.  Execution, Authentication, Delivery and
Dating.  Subject
to the provisions of Section 3.13 and Section 3.14 hereof, upon the execution
and delivery of this Agreement, and at any time and from time to time
thereafter, the Company may deliver Certificates executed by the Company to the
Purchase Contract Agent for authentication, execution on behalf of the Holders
and delivery, together with its Issuer Order for authentication of such
Certificates, and the Purchase Contract Agent in accordance with such Issuer
Order shall authenticate, execute on behalf of the Holders and deliver such Certificates.

 

The
Certificates shall be executed on behalf of the Company by its Chairman of the
Board of Directors, its Chief Executive Officer, its President, its Treasurer
or one of its Vice Presidents.  The
signature of any of these officers on the Certificates may be manual or
facsimile.

 

23

 

Certificates
bearing the manual or facsimile signatures of individuals who were at any time
the proper officers of the Company shall bind the Company, notwithstanding that
such individuals or any of them have ceased to hold such offices prior to the
authentication and delivery of such Certificates or did not hold such offices
at the date of such Certificates.

 

No Purchase
Contract evidenced by a Certificate shall be valid until such Certificate has
been executed on behalf of the Holder by the manual signature of an authorized
officer of the Purchase Contract Agent, as such Holder’s attorney-in-fact.  Such signature by an authorized officer of
the Purchase Contract Agent shall be conclusive evidence that the Holder of
such Certificate has entered into the Purchase Contracts evidenced by such
Certificate.

 

Each
Certificate shall be dated the date of its authentication.

 

No Certificate
shall be entitled to any benefit under this Agreement or be valid or obligatory
for any purpose unless there appears on such Certificate a certificate of
authentication substantially in the form provided for herein executed by an
authorized officer of the Purchase Contract Agent by manual signature, and such
certificate of authentication upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been duly
authenticated and delivered hereunder.

 

Section 3.04.  Temporary Certificates.  Pending the preparation of
definitive Certificates, the Company may execute and deliver to the Purchase
Contract Agent, and the Purchase Contract Agent shall authenticate, execute on
behalf of the Holders, and deliver, in lieu of such definitive Certificates,
temporary Certificates which are in substantially the form set forth in Exhibit
A or Exhibit B hereto, as the case may be, with such letters, numbers or other
marks of identification or designation and such legends or endorsements
printed, lithographed or engraved thereon as may be required by the rules of
any securities exchange on which the Corporate Units or Treasury Units, as the
case may be, are listed, or as may, consistently herewith, be determined by the
officers of the Company executing such Certificates, as evidenced by their
execution of the Certificates.

 

If temporary
Certificates are issued, the Company will cause definitive Certificates to be
prepared without unreasonable delay. 
After the preparation of definitive Certificates, the temporary
Certificates shall be exchangeable for definitive Certificates upon surrender
of the temporary Certificates at the Corporate Trust Office, at the expense of
the Company and without charge to the Holder. 
Upon surrender for cancellation of any one or more temporary Certificates,
the Company shall execute and deliver to the Purchase Contract Agent, and the
Purchase Contract Agent shall authenticate, execute on behalf of the Holder,
and deliver in exchange therefor, one or more definitive Certificates of like
tenor and denominations and evidencing a like number of Units as the temporary
Certificate or Certificates so surrendered. 
Until so exchanged, the temporary Certificates shall in all respects
evidence the same benefits and the same obligations with respect to the Units evidenced
thereby as definitive Certificates.

 

24

 

Section 3.05.  Registration; Registration of Transfer and
Exchange.  The
Purchase Contract Agent shall keep at the Corporate Trust Office a register
(the “Security
Register”) in which, subject to such reasonable regulations as it
may prescribe, the Purchase Contract Agent shall provide for the registration
of Certificates and of transfers of Certificates (the Purchase Contract Agent,
in such capacity, the “Security Registrar”).  The Security Registrar shall record
separately the registration and transfer of the Certificates evidencing
Corporate Units and Treasury Units.

 

Upon surrender
for registration of transfer of any Certificate at the Corporate Trust Office,
the Company shall execute and deliver to the Purchase Contract Agent, and the
Purchase Contract Agent shall authenticate, execute on behalf of the designated
transferee or transferees, and deliver, in the name of the designated
transferee or transferees, one or more new Certificates of any authorized
denominations, like tenor, and evidencing a like number of Corporate Units or
Treasury Units, as the case may be.

 

At the option
of the Holder, Certificates may be exchanged for other Certificates, of any authorized
denominations and evidencing a like number of Corporate Units or Treasury
Units, as the case may be, upon surrender of the Certificates to be exchanged
at the Corporate Trust Office.  Whenever
any Certificates are so surrendered for exchange, the Company shall execute and
deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall
authenticate, execute on behalf of the Holder, and deliver the Certificates
which the Holder making the exchange is entitled to receive.

 

All Certificates
issued upon any registration of transfer or exchange of a Certificate shall
evidence the ownership of the same number of Corporate Units or Treasury Units,
as the case may be, and be entitled to the same benefits and subject to the
same obligations under this Agreement as the Corporate Units or Treasury Units,
as the case may be, evidenced by the Certificate surrendered upon such
registration of transfer or exchange.

 

Every
Certificate presented or surrendered for registration of transfer or exchange
shall (if so required by the Purchase Contract Agent) be duly endorsed, or be
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Purchase Contract Agent duly executed by the Holder thereof or
its attorney duly authorized in writing.

 

No service
charge shall be made for any registration of transfer or exchange of a
Certificate, but the Company and the Purchase Contract Agent may require
payment from the Holder of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any registration of
transfer or exchange of Certificates, other than any exchanges pursuant to
Section 3.04, Section 3.05(ii) and Section 8.05 not involving any transfer.

 

Notwithstanding
the foregoing, the Company shall not be obligated to execute and deliver to the
Purchase Contract Agent, and the Purchase Contract Agent shall not be obligated
to authenticate, execute on behalf of the Holder and deliver any Certificate in

 

25

 

exchange for any other Certificate presented
or surrendered for registration of transfer or for exchange on or after the
Business Day immediately preceding the earliest to occur of any Early
Settlement Date with respect to such Certificate, any Cash Merger Early
Settlement Date with respect to such Certificate, the Purchase Contract
Settlement Date or the Termination Date. 
In lieu of delivery of a new Certificate, upon satisfaction of the
applicable conditions specified above in this Section and receipt of
appropriate registration or transfer instructions from such Holder, the
Purchase Contract Agent shall:

 

(i)    if
the Purchase Contract Settlement Date (including upon any Cash Settlement) or
an Early Settlement Date or a Cash Merger Early Settlement Date with respect to
such other Certificate (or portion thereof) has occurred, deliver the shares of
Common Stock issuable in respect of the Purchase Contracts forming a part of
the Units evidenced by such other Certificate (or portion thereof); or

 

(ii)   if
a Termination Event, Early Settlement, or Cash Merger Early Settlement shall
have occurred prior to the Purchase Contract Settlement Date, or a Cash
Settlement shall have occurred, transfer the Senior Notes, the Treasury
Securities, or the Applicable Ownership Interests in the Treasury Portfolio, as
the case may be, underlying such Certificate, in each case subject to the
applicable conditions and in accordance with the applicable provisions of
Section 3.15 and Article 5 hereof.

 

Section 3.06.  Book-entry Interests.  The Certificates, on original
issuance, will be issued in definitive certificated form and will bear the
Restrictive Legend.  Upon the sale of
the Units to the Underwriters pursuant to the Underwriting Agreement, the
Restrictive Legend will be removed and Certificates will be issued in the form
of one or more fully registered Global Certificates, to be delivered to the
Depositary or its custodian by, or on behalf of, the Company.  The Company hereby designates DTC as the
initial Depositary.  Such Global
Certificates shall initially be registered on the Security Register in the name
of Cede & Co., the nominee of the Depositary, and no Beneficial Owner will
receive a definitive Certificate representing such Beneficial Owner’s interest
in such Global Certificate, except as provided in Section 3.09.  The Purchase Contract Agent shall enter into
an agreement with the Depositary if so requested by the Company.  Following the issuance of such Global
Certificates and unless and until definitive, and fully registered Certificates
have been issued to Beneficial Owners pursuant to Section 3.09:

 

(i)    the
provisions of this Section 3.06 shall be in full force and effect;

 

(ii)   the
Company shall be entitled to deal with the Depositary for all purposes of this
Agreement (including, without limitation, making Contract Adjustment Payments
and receiving approvals, votes or consents hereunder) as the Holder of the
Units and the sole holder of the Global Certificates and shall have no
obligation to the Beneficial Owners; provided that a Beneficial Owner may
directly enforce against the Company, without any consent, proxy, waiver or
involvement of the Depositary of any kind, such Beneficial Owner’s right to
receive a definitive 

 

26

 

Certificate representing the Units
beneficially owned by such Beneficial Owner, as set forth in Section 3.09;

 

(iii) to
the extent that the provisions of this Section 3.06 conflict with any other
provisions of this Agreement, the provisions of this Section 3.06 shall
control; and

 

(iv)  except
as set forth in the proviso of clause (ii) of this Section 3.06, the rights of
the Beneficial Owners shall be exercised only through the Depositary and shall
be limited to those established by law and agreements between such Beneficial
Owners and the Depositary or the Depositary Participants.  The Depositary will make book-entry
transfers among Depositary Participants and receive and transmit payments of
Contract Adjustment Payments to such Depositary Participants.

 

Transfers of securities evidenced by Global Certificates shall be made
through the facilities of the Depositary, and any cancellation of, or increase
or decrease in the number of, such securities (including the creation of
Treasury Units and the recreation of Corporate Units pursuant to Section 3.13
and Section 3.14 respectively) shall be accomplished by making appropriate
annotations on the Schedule of Increases and Decreases set forth in such Global
Certificate.

 

Section 3.07.  Notices to Holders.  Whenever a notice or other
communication to the Holders is required to be given under this Agreement, the
Company or the Company’s agent shall give such notices and communications to
the Holders and, with respect to any Units registered in the name of the
Depositary or the nominee of the Depositary, the Company or the Company’s agent
shall, except as set forth herein, have no obligations to the Beneficial
Owners.

 

Section 3.08.  Appointment of Successor Depositary.  If the Depositary elects to discontinue
its services as securities depositary with respect to the Units, the Company
may, in its sole discretion, appoint a successor Depositary with respect to the
Units.

 

Section 3.09.  Definitive Certificates.

 

If:

 

(i)    the
Depositary notifies the Company that it is unwilling or unable to continue its
services as securities depositary with respect to the Units and no successor
Depositary has been appointed pursuant to Section 3.08 within 90 days after
such notice;

 

(ii)   the
Depositary ceases to be a “clearing agency” registered under Section 17A of the
Exchange Act when the Depositary is required to be so registered to act as the
Depositary and so notifies the Company, and no successor 

 

27

 

Depositary has been appointed pursuant to
Section 3.08 within 90 days after such notice;

 

(iii) to
the extent permitted by the Depositary, the Company determines at any time that
the Units shall no longer be represented by Global Certificates and shall
inform such Depositary of such determination and participants in such
Depository elect to withdraw their beneficial interests in the Units from such
Depository, following notification by the Depository of their right to do so;
or

 

(iv)  a
Beneficial Owner requests to exchange such Beneficial Owner’s interest in the
Global Certificates for definitive Certificates in order to exercise or enforce
such Beneficial Owner’s rights under the Units represented by such Global
Certificates;

 

then (x)
definitive Certificates shall be prepared by the Company with respect to such
Units and delivered to the Purchase Contract Agent and (y) upon surrender of
the Global Certificates representing the Units by the Depositary, accompanied
by registration instructions (other than in the case of clause (iv) above), the
Company shall cause definitive Certificates to be delivered to Beneficial
Owners in accordance with instructions provided by the Depositary.  The Company and the Purchase Contract Agent
shall not be liable for any delay in delivery of such instructions and may
conclusively rely on and shall be authorized and protected in relying on, such
instructions.  Each definitive
Certificate so delivered shall evidence Units of the same kind and tenor as the
Global Certificate so surrendered in respect thereof.

 

Section 3.10.  Mutilated, Destroyed, Lost and Stolen
Certificates.  If
any mutilated Certificate is surrendered to the Purchase Contract Agent, the
Company shall execute and deliver to the Purchase Contract Agent, and the
Purchase Contract Agent shall authenticate, execute on behalf of the Holder,
and deliver in exchange therefor, a new Certificate, evidencing the same number
of Corporate Units or Treasury Units, as the case may be, and bearing a
Certificate number not contemporaneously outstanding.

 

If there shall
be delivered to the Company and the Purchase Contract Agent (i) evidence to
their satisfaction of the destruction, loss or theft of any Certificate, and
(ii) such security or indemnity as may be required by them to hold each of them
and any agent of any of them harmless, then, in the absence of notice to the
Company or the Purchase Contract Agent that such Certificate has been acquired
by a protected purchaser, the Company shall execute and deliver to the Purchase
Contract Agent, and the Purchase Contract Agent shall authenticate, execute on
behalf of the Holder, and deliver to the Holder, in lieu of any such destroyed,
lost or stolen Certificate, a new Certificate, evidencing the same number of
Corporate Units or Treasury Units, as the case may be, and bearing a
Certificate number not contemporaneously outstanding.

 

Notwithstanding
the foregoing, the Company shall not be obligated to execute and deliver to the
Purchase Contract Agent, and the Purchase Contract Agent shall not be 

 

28

 

obligated to authenticate, execute on behalf
of the Holder, and deliver to the Holder, a Certificate on or after the
Business Day immediately preceding the earliest of any Early Settlement Date
with respect to such lost or mutilated Certificate, any Cash Merger Early
Settlement Date with respect to such lost or mutilated Certificate, the
Purchase Contract Settlement Date or the Termination Date.  In lieu of delivery of a new Certificate,
upon satisfaction of the applicable conditions specified above in this Section
and receipt of appropriate registration or transfer instructions from such
Holder, the Purchase Contract Agent shall:

 

(i)    if
the Purchase Contract Settlement Date (including upon any Cash Settlement) or
an Early Settlement Date or a Cash Merger Early Settlement Date with respect to
such lost, stolen, destroyed or mutilated Certificate has occurred, deliver the
shares of Common Stock issuable in respect of the Purchase Contracts forming a
part of the Units evidenced by such Certificate; and

 

(ii)   if
a Termination Event, Cash Merger Early Settlement or an Early Settlement with
respect to such lost or mutilated Certificate shall have occurred prior to the
Purchase Contract Settlement Date or a Cash Settlement shall have occurred,
transfer the Senior Notes, the Treasury Securities or the Applicable Ownership
Interests in the Treasury Portfolio, as the case may be, underlying such
Certificate, in each case subject to the applicable conditions and in accordance
with the applicable provisions of Section 3.15 and Article 5 hereof.

 

Upon the
issuance of any new Certificate under this Section, the Company and the
Purchase Contract Agent may require the payment by the Holder of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other fees and expenses (including, without
limitation, the fees and expenses of the Purchase Contract Agent) connected
therewith.

 

Every new
Certificate issued pursuant to this Section in lieu of any destroyed, lost or
stolen Certificate shall constitute an original additional contractual
obligation of the Company and of the Holder in respect of the Units evidenced
thereby, whether or not the destroyed, lost or stolen Certificate (and the
Units evidenced thereby) shall be at any time enforceable by anyone, and shall
be entitled to all the benefits and be subject to all the obligations of this
Agreement equally and proportionately with any and all other Certificates
delivered hereunder.

 

The provisions
of this Section are exclusive and shall preclude, to the extent lawful, all
other rights and remedies with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Certificates.

 

Section 3.11.  Persons Deemed Owners.  Prior to due presentment of a
Certificate for registration of transfer, the Company and the Purchase Contract
Agent, and any agent of the Company or the Purchase Contract Agent, may treat
the Person in whose name such Certificate is registered as the owner of the
Units evidenced thereby for purposes of 

 

29

 

(subject to any applicable record date) any
payment or distribution with respect to the Applicable Ownership Interests in
Senior Notes, or on the Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (ii) of the definition of such term), as
applicable, payment of Contract Adjustment Payments and performance of the
Purchase Contracts and for all other purposes whatsoever in connection with
such Units, whether or not such payment, distribution, or performance shall be
overdue and notwithstanding any notice to the contrary, and neither the Company
nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract
Agent, shall be affected by notice to the contrary.

 

Notwithstanding
the foregoing, with respect to any Global Certificate, nothing contained herein
shall prevent the Company, the Purchase Contract Agent or any agent of the
Company or the Purchase Contract Agent, from giving effect to any written
certification, proxy or other authorization furnished by the Depositary (or its
nominee), as a Holder, with respect to such Global Certificate, or impair, as
between such Depositary and the related Beneficial Owner, the operation of
customary practices governing the exercise of rights of the Depositary (or its
nominee) as Holder of such Global Certificate. 
None of the Company, the Purchase Contract Agent or any agent of the
Company or the Purchase Contract Agent will have any responsibility or
liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Global Certificate or maintaining,
supervising or reviewing any records relating to such beneficial ownership
interests.

 

Section 3.12.  Cancellation.  All Certificates surrendered for
delivery of shares of Common Stock on or after the Purchase Contract Settlement
Date or in connection with an Early Settlement or a Cash Merger Early
Settlement or for delivery of the Senior Notes underlying the Applicable
Ownership Interests in Senior Notes, the Applicable Ownership Interests in the
Treasury Portfolio or Treasury Securities, as the case may be, after the
occurrence of a Termination Event or pursuant to a Cash Settlement, an Early
Settlement or a Cash Merger Early Settlement, a Collateral Substitution, or
upon the registration of transfer or exchange of a Unit, shall, if surrendered
to any Person other than the Purchase Contract Agent, be delivered to the Purchase
Contract Agent along with appropriate written instructions regarding the
cancellation thereof and, if not already cancelled, shall be promptly cancelled
by it. The Company may at any time deliver to the Purchase Contract Agent for
cancellation any Certificates previously authenticated, executed and delivered
hereunder that the Company may have acquired in any manner whatsoever, and all
Certificates so delivered shall, upon an Issuer Order, be promptly cancelled by
the Purchase Contract Agent.  No Certificates
shall be authenticated, executed on behalf of the Holder and delivered in lieu
of or in exchange for any Certificates cancelled as provided in this Section
3.12, except as expressly permitted by this Agreement.  All cancelled Certificates held by the
Purchase Contract Agent shall be disposed of in accordance with its customary
practices.

 

30

 

If the Company
or any Affiliate of the Company shall acquire any Certificate, such acquisition
shall not operate as a cancellation of such Certificate unless and until such
Certificate is delivered to the Purchase Contract Agent cancelled or for
cancellation.

 

Section 3.13.  Creation of Treasury Units by Substitution
of Treasury Securities.  (a)
Unless Applicable Ownership Interests in the Treasury Portfolio have replaced
the Applicable Ownership Interests in Senior Notes as a component of the
Corporate Units, and subject to the conditions set forth in this Agreement, a
Holder of Corporate Units may, at any time from and after the date of this
Agreement and prior to 5:00 p.m. (New York City time) on the seventh Business
Day immediately preceding the Purchase Contract Settlement Date, effect a
Collateral Substitution and separate the Senior Notes underlying Applicable
Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units
by substituting for such Applicable Ownership Interests in Senior Notes,
Treasury Securities in an aggregate principal amount at maturity equal to the
aggregate principal amount of the Senior Notes underlying the Applicable
Ownership Interests in Senior Notes; provided that Holders may make Collateral
Substitutions only in integral multiples of 40 Corporate Units.  To effect such substitution, the Holder
must:

 

(1)                                  Transfer
to the Securities Intermediary, for credit to the Collateral Account, Treasury
Securities or security entitlements with respect thereto having a Value equal
to the aggregate principal amount of the Senior Notes underlying the Pledged
Applicable Ownership Interests in Senior Notes for which such Collateral
Substitution is made; and

 

(2)                                  Transfer
the related Corporate Units to the Purchase Contract Agent accompanied by a
notice to the Purchase Contract Agent, substantially in the form of Exhibit C
hereto, whereupon the Purchase Contract Agent shall promptly provide an
instruction to such effect to the Collateral Agent, substantially in the form
of Exhibit G hereto.

 

Upon confirmation that the Treasury Securities described in clause (1)
above or security entitlements with respect thereto have been credited to the
Collateral Account and receipt of the instruction to the Collateral Agent
described in clause (2) above, the Collateral Agent shall release such Pledged
Applicable Ownership Interests in Senior Notes from the Pledge and instruct the
Securities Intermediary by a notice, substantially in the form of Exhibit H
hereto, to Transfer the Senior Notes underlying such Pledged Applicable
Ownership Interests in Senior Notes to the Purchase Contract Agent for distribution
to such Holder, free and clear of the Pledge created hereby.

 

Upon credit to
the Collateral Account of Treasury Securities or security entitlements with
respect thereto delivered by a Holder of Corporate Units and receipt of the
related instruction from the Collateral Agent, the Securities Intermediary
shall promptly Transfer the Senior Notes underlying the appropriate Pledged
Applicable Ownership Interests in Senior Notes to the Purchase Contract Agent
for distribution to such Holder, free and clear of the Pledge created hereby.

 

31

 

Upon receipt
of the Senior Notes underlying such Pledged Applicable Ownership Interests in
Senior Notes, the Purchase Contract Agent shall promptly:

 

(i)    cancel
the related Corporate Units;

 

(ii)   Transfer
the Senior Notes to the Holder; and

 

(iii) deliver
Treasury Units in book-entry form, or if applicable, authenticate, execute on
behalf of such Holder and deliver Treasury Units in the form of a Treasury
Units Certificate executed by the Company in accordance with Section 3.03
evidencing the same number of Purchase Contracts as were evidenced by the
cancelled Corporate Units.

 

Holders who
elect to separate the Senior Notes by substituting Treasury Securities for
Applicable Ownership Interest in Senior Notes shall be responsible for any fees
or expenses (including, without limitation, fees and expenses payable to the
Collateral Agent) in respect of the substitution, and neither the Company nor
the Purchase Contract Agent shall be responsible for any such fees or expenses.

 

(b)       If Applicable
Ownership Interests in the Treasury Portfolio have replaced Applicable
Ownership Interests in Senior Notes as a component of the Corporate Units, and
subject to the conditions set forth in this Agreement, a Holder of Corporate
Units may, at any time from and after the date of this Agreement and prior to
5:00 p.m. (New York City time) on the seventh Business Day immediately
preceding the Purchase Contract Settlement Date, substitute Treasury Securities
for the Pledged Applicable Ownership Interests in the Treasury Portfolio
included in such Corporate Units, but only in integral multiples of [•] Corporate Units.  In such an event, the Holder shall Transfer
Treasury Securities having an aggregate principal amount at maturity equal to
equal to the aggregate Stated Amount of the Purchase Contracts constituting a
part of the Corporate Units for which Collateral Substitution is being made to
the Securities Intermediary, for credit to the Collateral Account, and the
Purchase Contract Agent, Collateral Agent and Securities Intermediary shall
effect a Collateral Substitution for the appropriate Pledged Applicable
Ownership Interests in the Treasury Portfolio in the manner set forth in clause
(a) above.

 

(c)       In the event a
Holder making a Collateral Substitution pursuant to this Section 3.13 fails to
effect a book-entry transfer of the Corporate Units or fails to deliver
Corporate Units Certificates to the Purchase Contract Agent after depositing
Treasury Securities with the Securities Intermediary, any distributions on the
Senior Notes underlying the Applicable Ownership Interests in Senior Notes, or
with respect to the Applicable Ownership Interests in the Treasury Portfolio,
in each case constituting a part of such Corporate Units, shall be held in the
name of the Purchase Contract Agent or its nominee in trust for the benefit of
such Holder, until such Corporate Units are so transferred or the Corporate
Units Certificate is so delivered, as the case may be, or such Holder provides
evidence satisfactory to the Company and the Purchase Contract Agent 

 

32

 

that such Corporate Units Certificate has
been destroyed, lost or stolen, together with any indemnity that may be
required by the Purchase Contract Agent and the Company.

 

(d)       Except as
described in Section 5.02 or in this Section 3.13 or in connection with a Cash
Settlement, an Early Settlement, a Cash Merger Early Settlement or a
Termination Event, for so long as the Purchase Contract underlying a Corporate
Unit remains in effect, such Corporate Units shall not be separable into its
constituent parts, and the rights and obligations of the Holder in respect of
the Applicable Ownership Interests in Senior Notes or Applicable Ownership
Interests in the Treasury Portfolio, as the case may be, and the Purchase
Contract comprising such Corporate Units may be acquired, and may be
transferred and exchanged, only as a Corporate Unit.

 

Section 3.14.  Recreation of Corporate Units.  (a) Unless Applicable Ownership
Interests in the Treasury Portfolio have replaced Applicable Ownership
Interests in Senior Notes as a component of the Corporate Units, and subject to
the conditions set forth in this Agreement, a Holder of Treasury Units may
recreate Corporate Units at any time from and after the date of this Agreement
and prior to 5:00 p.m. (New York City time) on the seventh Business Day
immediately preceding the Purchase Contract Settlement Date; provided that
Holders of Treasury Units may only recreate Corporate Units in integral
multiples of 40 Treasury Units.  To
recreate Corporate Units, the Holder must:

 

(1)                                  Transfer
to the Securities Intermediary for credit to the Collateral Account Senior
Notes or security entitlements with respect thereto having an aggregate
principal amount equal to the Value of the Pledged Treasury Securities to be
released; and

 

(2)                                  Transfer
the related Treasury Units to the Purchase Contract Agent accompanied by a
notice to the Purchase Contract Agent, substantially in the form of Exhibit C
hereto, whereupon the Purchase Contract Agent shall promptly provide an
instruction to such effect to the Collateral Agent, substantially in the form
of Exhibit I hereto.

 

Upon
confirmation that the Senior Notes described in clause (1) above or security
entitlements with respect thereto has been credited to the Collateral Account
and receipt of the instruction from the Purchase Contract Agent described in
clause (2) above, the Collateral Agent shall release such Pledged
Treasury Securities from the Pledge and shall instruct the Securities
Intermediary by a notice, substantially in the form of Exhibit J hereto, to
Transfer such Pledged Treasury Securities to the Purchase Contract Agent for
distribution to such Holder, free and clear of the Pledge created hereby.

 

Upon credit to
the Collateral Account of Senior Notes or security entitlements with respect
thereto delivered by a Holder of Treasury Units and receipt of the related
instruction from the Collateral Agent, the Securities Intermediary shall
promptly Transfer the Pledged Treasury Securities to the Purchase Contract
Agent for distribution to such Holder, free and clear of the Pledge created
hereby.

 

33

 

Upon receipt
of such Treasury Securities, the Purchase Contract Agent shall promptly:

 

(i)    cancel
the related Treasury Units;

 

(ii)   Transfer
the Treasury Securities to the Holder; and

 

(iii) deliver
Corporate Units in book-entry form or, if applicable, authenticate, execute on
behalf of such Holder and deliver Corporate Units in the form of a Corporate
Units Certificate executed by the Company in accordance with Section 3.03
evidencing the same number of Purchase Contracts as were evidenced by the
cancelled Treasury Units.

 

Holders who
elect to recreate Corporate Units shall be responsible for any fees or expenses
(including, without limitation, fees and expenses payable to the Collateral
Agent), in respect of the recreation, and neither the Company nor the Purchase Contract
Agent shall be responsible for any such fees or expenses.

 

(b)       If Applicable
Ownership Interests in the Treasury Portfolio have replaced Applicable
Ownership Interests in Senior Notes as a component of the Corporate Units and
subject to the conditions set forth in this Agreement, a Holder of Treasury
Units may at any time from and after the date of this Agreement and prior to
5:00 p.m. (New York City time) on the seventh Business Day immediately
preceding the Purchase Contract Settlement Date substitute the Pledged
Applicable Ownership Interests in the Treasury Portfolio for Treasury
Securities included in such Treasury Units, but only in multiples of [•] Treasury Units.  In such an event, the Holder shall Transfer
Applicable Ownership Interests in the Treasury Portfolio having a Value equal
to the aggregate Value of the Treasury Securities for which substitution is
being made to the Securities Intermediary, for credit to the Collateral
Account, and the Purchase Contract Agent, Collateral Agent and Securities
Intermediary shall effect a Collateral Substitution and release the Pledged
Applicable Ownership Interests in the Treasury Portfolio from the Pledge in the
manner set forth in clause (a) above.

 

(c)       Except as
provided in Section 5.02 or in this Section 3.14 or in connection with a Cash
Settlement, an Early Settlement, a Cash Merger Early Settlement or a
Termination Event, for so long as the Purchase Contract underlying a Treasury
Unit remains in effect, such Treasury Unit shall not be separable into its
constituent parts and the rights and obligations of the Holder of such Treasury
Unit in respect of the interest in the Treasury Security and the Purchase
Contract comprising such Treasury Unit may be acquired, and may be transferred
and exchanged, only as a Treasury Unit.

 

Section 3.15.  Transfer of Collateral Upon Occurrence of
Termination Event.  (a)
Upon receipt by the Collateral Agent of written notice pursuant to Section 5.06
hereof from the Company or the Purchase Contract Agent that a Termination Event
has occurred, 

 

34

 

the Collateral Agent shall release all
Collateral from the Pledge and shall promptly instruct the Securities
Intermediary to Transfer:

 

(i)    any
Senior Notes underlying Pledged Applicable Ownership Interests in Senior Notes
or security entitlements with respect thereto or Pledged Applicable Ownership
Interests in the Treasury Portfolio;

 

(ii)   any
Pledged Treasury Securities;

 

(iii) any
payments by Holders (or the Permitted Investments of such payments) pursuant to
Section 5.02 hereof; and

 

(iv)  any
Proceeds and all other payments the Collateral Agent receives in respect of the
foregoing,

 

to the Purchase Contract Agent for the benefit of the Holders for
distribution to such Holders, in accordance with their respective interests,
free and clear of the Pledge created hereby; provided,
however, if any Holder or
Beneficial Owner shall be entitled to receive Senior Notes in an aggregate
principal amount of less than $1,000, or greater than $1,000 but not in an
integral multiple of $1,000, the Purchase Contract Agent shall request, on
behalf of such Holder or Beneficial Owner, pursuant to Section 2.03 of the
Supplemental Indenture that the Company issue Senior Notes in denominations of
$25, or integral multiples thereof, in exchange for Senior Notes in
denominations of $1,000 or integral multiples thereof; and provided further, if any
Holder shall be entitled to receive less than $1,000 with respect to its
Pledged Applicable Ownership Interests in the Treasury Portfolio or its Pledged
Treasury Securities, the Purchase Contract Agent shall dispose of such Pledged
Applicable Ownership Interests in the Treasury Portfolio or Pledged Treasury
Securities for cash and deliver to such Holder cash in lieu of delivering the
Pledged Applicable Ownership Interests in the Treasury Portfolio or Pledged
Treasury Securities, as the case may be.

 

(b)       Notwithstanding
anything to the contrary in clause (a) of this Section 3.15, if such
Termination Event shall result from the Company’s becoming a debtor under the
Bankruptcy Code, and if the Collateral Agent shall for any reason fail promptly
to effectuate the release and Transfer of all Senior Notes underlying Pledged
Applicable Ownership Interests in Senior Notes, Pledged Applicable Ownership
Interests in the Treasury Portfolio, Pledged Treasury Securities and payments
by Holders (or the Permitted Investments of such payments) pursuant to Section
5.02 and Proceeds and all other payments received by the Collateral Agent in
respect of the foregoing, as the case may be, as provided by this Section 3.15,
the Purchase Contract Agent shall use its best efforts to obtain an opinion of
a nationally recognized law firm to the effect that, notwithstanding the
Company’s being the debtor in such a bankruptcy case, the Collateral Agent will
not be prohibited from releasing or Transferring the Collateral as provided in
this Section 3.15, and shall deliver or cause to be delivered such opinion to
the Collateral Agent within ten days after the occurrence of such Termination
Event, and if (A) the Purchase Contract 

 

35

 

Agent shall be unable to obtain such opinion
within ten days after the occurrence of such Termination Event or (B) the
Collateral Agent shall continue, after delivery of such opinion, to refuse to
effectuate the release and Transfer of all Senior Notes underlying Pledged
Applicable Ownership Interests in Senior Notes, Pledged Applicable Ownership
Interests in the Treasury Portfolio, Pledged Treasury Securities and the
payments by Holders (or the Permitted Investments of such payments) pursuant to
Section 5.02 hereof and Proceeds and all other payments received by the
Collateral Agent in respect of the foregoing, as the case may be, as provided
in this Section 3.15, then the Purchase Contract Agent shall within fifteen
days after the occurrence of such Termination Event commence an action or
proceeding in the court having jurisdiction of the Company’s case under the
Bankruptcy Code seeking an order requiring the Collateral Agent to effectuate
the release and transfer of all Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes, Pledged Applicable Ownership Interest in
the Treasury Portfolio, Pledged Treasury Securities and the payments by Holders
(or the Permitted Investments of such payments) pursuant to Section 5.02 hereof
and Proceeds and all other payments received by the Collateral Agent in respect
of the foregoing, or as the case may be, as provided by this Section 3.15.

 

(c)       Upon the
occurrence of a Termination Event and the Transfer to the Purchase Contract
Agent of the Senior Notes underlying Pledged Applicable Ownership Interests in
Senior Notes, the appropriate Pledged Applicable Ownership Interests in the
Treasury Portfolio or the Pledged Treasury Securities, as the case may be,
pursuant to Section 3.15, the Purchase Contract Agent shall request transfer
instructions with respect to such Senior Notes, Applicable Ownership Interests
in the Treasury Portfolio or Pledged Treasury Securities, as the case may be,
from each Holder by written request, substantially in the form of Exhibit D
hereto, mailed to such Holder at its address as it appears in the Security
Register.

 

(d)       Upon book-entry
transfer of the Corporate Units or the Treasury Units or delivery of a
Corporate Units Certificate or Treasury Units Certificate to the Purchase
Contract Agent with such transfer instructions, the Purchase Contract Agent
shall transfer the Senior Notes underlying Pledged Applicable Ownership
Interests in Senior Notes, the Pledged Applicable Ownership Interests in the
Treasury Portfolio or Pledged Treasury Securities, as the case may be,
underlying such Corporate Units or Treasury Units, as the case may be, to such
Holder by book-entry transfer, or other appropriate procedures, in accordance
with such instructions and, in the case of the Senior Notes underlying Pledged
Applicable Ownership Interests in Senior Notes, in accordance with the terms of
the Supplemental Indenture.  In the
event a Holder of Corporate Units or Treasury Units fails to effect such
transfer or delivery, the Senior Notes underlying Pledged Applicable Ownership
Interests in Senior Notes, the Pledged Applicable Ownership Interests in the
Treasury Portfolio or Pledged Treasury Securities, as the case may be,
underlying such Corporate Units of Treasury Units, as the case may be, and any
distributions thereon, shall be held in the name of the Purchase Contract Agent
or its nominee in trust for the benefit of such Holder, until the earlier to
occur of:

 

36

 

(i)    the
transfer of such Corporate Units or Treasury Units or surrender of the
Corporate Units Certificate or Treasury Units Certificate or the receipt by the
Company and the Purchase Contract Agent from such Holder of satisfactory
evidence that such Corporate Units Certificate or Treasury Units Certificate
has been destroyed, lost or stolen, together with any indemnity that may be
required by the Purchase Contract Agent and the Company; and

 

(ii)   the
expiration of the time period specified by the applicable law governing
abandoned property in the state in which the Purchase Contract Agent holds such
property.

 

Section 3.16.  No Consent to Assumption.  Each Holder of a Unit, by
acceptance thereof, shall be deemed expressly to have withheld any consent to
the assumption under Section 365 of the Bankruptcy Code or otherwise, of the
Purchase Contract by the Company or its trustee, receiver, liquidator or a
person or entity performing similar functions in the event that the Company
becomes a debtor under the Bankruptcy Code or subject to other similar state or
Federal law providing for reorganization or liquidation.

 

Section 3.17.  Substitutions.  Whenever a Holder has the right
to substitute Treasury Securities, Senior Notes underlying Applicable Ownership
Interests in Senior Notes or the Applicable Ownership Interests in the Treasury
Portfolio (as defined in clause (i) of the definition of such term), as the
case may be, or security entitlements for any of them for financial assets held
in the Collateral Account, such substitution shall not constitute a novation of
the security interest created hereby.

 

ARTICLE 4

THE SENIOR NOTES

 

Section 4.01.  Interest Payments; Rights to Interest
Payments Preserved.  (a)
The Collateral Agent (if the Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes are in the name of the Collateral Agent)
shall transfer all income and distributions received by it on account of the
Senior Notes underlying Pledged Applicable Ownership Interests in Senior Notes,
the Pledged Applicable Ownership Interests in the Treasury Portfolio or
Permitted Investments from time to time held in the Collateral Account (ABA No.
[•], Global Plus A/C
No. [•], Re: Genworth
Financial, Inc.) to the Purchase Contract Agent for distribution to the
applicable Holders as provided in this Agreement and the Purchase Contracts.

 

(b)       Any payment on
any Senior Note underlying Applicable Ownership Interests in Senior Notes or
any distribution on any Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (ii) of the definition of such term), as the
case may be, which is paid on any Payment Date shall, subject to receipt thereof
by the Purchase Contract Agent from the Company or from the Collateral Agent as
provided in Section 4.01(a) above, be paid to the Person in whose name the
Corporate Units Certificate (or one or more Predecessor Corporate Units
Certificates) of which such Applicable Ownership 

 

37

 

Interest in Senior Notes or Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, forms a part
is registered at the close of business on the Record Date for such Payment
Date.

 

(c)       Each Corporate
Units Certificate evidencing Applicable Ownership Interests in Senior Notes or
Applicable Ownership Interests in the Treasury Portfolio delivered under this
Agreement upon registration of transfer of or in exchange for or in lieu of any
other Corporate Units Certificate shall carry the right to accrued and unpaid
interest or distributions, and to accrued interest or distributions, which were
carried by Applicable Ownership Interests in Senior Notes or Applicable Ownership
Interests in the Treasury Portfolio underlying such other Corporate Units
Certificate.

 

(d)       In the case of
any Corporate Unit with respect to which (1) Cash Settlement of the underlying
Purchase Contract is properly effected pursuant to Section 5.02(a) hereof, (2)
Early Settlement of the underlying Purchase Contract is properly effected
pursuant to Section 5.07 hereof, (3) Cash Merger Early Settlement of the
underlying Purchase Contract is properly effected pursuant to Section
5.04(b)(ii) hereof (4) a Collateral Substitution is properly effected pursuant
to Section 3.13, in each case on a date that is after any Record Date and prior
to or on the next succeeding Payment Date, interest in respect of the Senior
Notes underlying Applicable Ownership Interests in Senior Notes or
distributions on Applicable Ownership Interests in the Treasury Portfolio, as
the case may be, underlying such Corporate Unit otherwise payable on such
Payment Date shall be payable on such Payment Date notwithstanding such Cash Settlement,
Early Settlement, Cash Merger Early Settlement or Collateral Substitution, and
such payment or distributions shall, subject to receipt thereof by the Purchase
Contract Agent, be payable to the Person in whose name the Corporate Units
Certificate (or one or more Predecessor Corporate Units Certificates) was
registered at the close of business on the Record Date.

 

(e)       Except as
otherwise expressly provided in Section 4.01(d) hereof, in the case of any
Corporate Unit with respect to which Cash Settlement, Early Settlement or Cash
Merger Early Settlement of the component Purchase Contract is properly
effected, or with respect to which a Collateral Substitution has been effected,
payments attributable to the Senior Notes underlying Applicable Ownership
Interests in Senior Notes or distributions on Applicable Ownership Interests in
the Treasury Portfolio, as the case may be, that would otherwise be payable or
made after the Purchase Contract Settlement Date, Early Settlement Date, Cash
Merger Early Settlement Date or the date of the Collateral Substitution, as the
case may be, shall not be payable hereunder to the Holder of such Corporate
Units; provided,
however,
that to the extent that such Holder continues to hold Separate Senior Notes or
Applicable Ownership Interests in the Treasury Portfolio that formerly
comprised a part of such Holder’s Corporate Units, such Holder shall be
entitled to receive interest on such Separate Senior Notes or distributions on
such Applicable Ownership Interests in the Treasury Portfolio.

 

Section 4.02.  Payments Prior to or on Purchase Contract
Settlement Date.  (a)  Subject
to the provisions of Section 5.02(a), Section 5.04(b)(ii) and Section 5.07, and

 

38

 

except as provided in Section 4.02(b) below,
if no Termination Event shall have occurred, all payments received by the
Securities Intermediary in respect of (1) the principal amount of the Senior
Notes underlying Pledged Applicable Ownership Interests in Senior Notes, (2) the
Pledged Applicable Ownership Interests in the Treasury Portfolio and (3) the
Pledged Treasury Securities, shall be credited to the Collateral Account, to be
invested in Permitted Investments until the Purchase Contract Settlement Date,
and transferred to the Company on the Purchase Contract Settlement Date as
provided in Section 5.02 hereof. Any balance remaining in the Collateral
Account shall be released from the Pledge and transferred to the Purchase
Contract Agent for the benefit of the applicable Holders for distribution to
such Holders in accordance with their respective interests, free and clear of
the Pledge created hereby.  The Company
shall instruct the Collateral Agent in writing as to the specific Permitted
Investments in which any payments made under this Section 4.02 shall be
invested, provided, however, that if the Company fails to
deliver such instructions by 10:30 a.m. (New York City time) on the day such
payments are received by the Securities Intermediary, the Collateral Agent
shall instruct the Securities Intermediary to invest such payments in the
Permitted Investments described in clause (6) of the definition of Permitted
Investments.  In no event shall the
Collateral Agent be liable for the selection of Permitted Investments or for investment
losses incurred thereon. The Collateral Agent shall have no liability in
respect of losses incurred as a result of the failure of the Company to provide
timely written investment direction.

 

(b)       All payments
received by the Securities Intermediary in respect of (1) the Senior Notes,
(2) the Applicable Ownership Interests in the Treasury Portfolio and (3)
the Treasury Securities or security entitlements with respect thereto, that, in
each case, have been released from the Pledge pursuant hereto shall be
transferred to the Purchase Contract Agent for the benefit of the applicable
Holders for distribution to such Holders in accordance with their respective
interests.

 

Section 4.03.  Notice and Voting.  (a) Subject to Section 4.03(b)
hereof, the Purchase Contract Agent may exercise, or refrain from exercising,
any and all voting and other consensual rights pertaining to the Senior Notes
underlying Pledged Applicable Ownership Interests in Senior Notes or any part
thereof for any purpose not inconsistent with the terms of this Agreement; provided that the Purchase Contract Agent
shall not exercise or shall not refrain from exercising such right, as the case
may be, if, in the judgment of the Purchase Contract Agent, such action would
impair or otherwise have a material adverse effect on the value of all or any
of the Senior Notes underlying Pledged Applicable Ownership Interests in Senior
Notes; and provided  further that the Purchase Contract Agent
shall give the Company and the Collateral Agent at least five Business Days’
prior written notice of the manner in which it intends to exercise, or its
reasons for refraining from exercising, any such right. Upon receipt of any
notices and other communications in respect of any Senior Notes underlying
Pledged Applicable Ownership Interests in Senior Notes, including either notice
of any meeting at which holders of the Senior Notes are entitled to vote or the
solicitation of consents, waivers or proxies of holders of the Senior Notes,
the Collateral Agent shall use reasonable efforts to send promptly to the
Purchase Contract Agent such notice or communication, and as soon as 

 

39

 

reasonably practicable after receipt of a
written request therefor from the Purchase Contract Agent, to execute and
deliver to the Purchase Contract Agent such proxies and other instruments in
respect of such Senior Notes underlying Pledged Applicable Ownership Interests
in Senior Notes (in form and substance satisfactory to the Collateral Agent) as
are prepared by the Company and delivered to the Purchase Contract Agent with
respect to the Senior Notes underlying Pledged Applicable Ownership Interests
in Senior Notes.

 

(b)       Upon receipt of
notice of any meeting at which holders of Senior Notes are entitled to vote or
upon any solicitation of consents, waivers or proxies of holders of Senior
Notes, the Purchase Contract Agent shall, as soon as practicable thereafter,
mail, first class, postage pre-paid, to the Holders of Corporate Units a notice:

 

(i)    containing
such information as is contained in the notice or solicitation;

 

(ii)   stating
that each Holder on the record date set by the Purchase Contract Agent therefor
(which, to the extent possible, shall be the same date as the record date set by
the Company for determining the holders of Senior Notes entitled to vote) shall
be entitled to instruct the Purchase Contract Agent as to the exercise of the
voting rights pertaining to the Senior Notes underlying the Applicable
Ownership Interests in Senior Notes that are a component of their Corporate
Units; and

 

(iii) stating
the manner in which such instructions may be given.

 

Upon the
written request of the Holders of Corporate Units on such record date received
by the Purchase Contract Agent at least six days prior to such meeting, the
Purchase Contract Agent shall endeavor insofar as practicable to vote or cause
to be voted, in accordance with the instructions set forth in such requests,
the maximum aggregate principal amount of Senior Notes (rounded down to the
nearest integral multiple of $1,000) as to which any particular voting
instructions are received.  In the
absence of specific instructions from the Holder of Corporate Units, the
Purchase Contract Agent shall abstain from voting the Senior Notes underlying
Applicable Ownership Interests in Senior Notes that are a component of such
Corporate Units.  The Company hereby
agrees, if applicable, to solicit Holders of Corporate Units to timely instruct
the Purchase Contract Agent as to the exercise of such voting rights in order
to enable the Purchase Contract Agent to vote such Senior Notes.

 

(c)       The Holders of
Corporate Units and the Holders of Treasury Units shall have no voting or other
rights in respect of Common Stock.

 

40

 

Section 4.04.  Special Event Redemption.

 

(a)       If the Company
elects to redeem the Senior Notes following the occurrence of a Special Event
as permitted by the Indenture, it shall notify the Collateral Agent in writing
that a Special Event has occurred and that it intends to redeem the Senior
Notes on the Special Event Redemption Date. 
Upon the occurrence of such Special Event Redemption while Senior Notes
are still credited to the Collateral Account, the Collateral Agent shall, and
is hereby authorized to, instruct the Securities Intermediary to present the
Senior Notes underlying Pledged Applicable Ownership Interests in Senior Notes
for payment as may be required by their respective terms and to direct the
Indenture Trustee to remit the Redemption Price to the Securities Intermediary
for credit to the Collateral Account, on or prior to 12:30 p.m., New York City
time, on such Special Event Redemption Date, by federal funds check or wire
transfer of immediately available funds. 
Upon receipt of such funds by the Securities Intermediary and the credit
thereof to the Collateral Account, the Senior Notes underlying Pledged
Applicable Ownership Interests in Senior Notes shall be released from the
Collateral Account and promptly transferred to the Company.  Upon the crediting of such funds to the
Collateral Account, the Collateral Agent, at the written direction of the
Company, shall instruct the Securities Intermediary to (i) apply an amount equal
to the Redemption Amount of such funds to purchase the Treasury Portfolio from
the Quotation Agent, (ii) credit to the Collateral Account the Applicable
Ownership Interests in the Treasury Portfolio and (iii) promptly remit the
remaining portion of such funds to the Purchase Contract Agent for payment to
the Holders of Corporate Units, in accordance with their respective interests.

 

(b)       Upon the
occurrence of a Special Event Redemption, (i) the Applicable Ownership
Interests in the Treasury Portfolio (as specified in clause (i) of the
definition of such term) will be substituted as Collateral for the Pledged
Applicable Ownership Interests in Senior Notes and will be held by the
Collateral Agent in accordance with the terms hereof to secure the Obligation
of each Holder of Corporate Units, (ii) the Holders of Corporate Units and the
Collateral Agent shall have such rights and obligations, and the Collateral
Agent shall have such security interest, with respect to such Applicable
Ownership Interests in the Treasury Portfolio (as specified in clause (i) of
the definition of such term) as the Holders of Corporate Units and the
Collateral Agent had in respect of the Pledged Applicable Ownership Interests
in Senior Notes, subject to the Pledge thereof, and (iii) any reference in this
Agreement to Applicable Ownership Interests in Senior Notes shall be deemed to
be a reference to such Applicable Ownership Interests in the Treasury Portfolio
(as specified in clause (i) of the definition of such term).  The Company may cause to be made in any
Corporate Units Certificates thereafter to be issued such change in phraseology
and form (but not in substance) as may be appropriate to reflect the
substitution of the Applicable Ownership Interests in the Treasury Portfolio
(as specified in clause (i) of the definition of such term) for Applicable
Ownership Interests in Senior Notes as Collateral.

 

Section 4.05.  Payments to Purchase Contract Agent.  The Securities Intermediary shall
use commercially reasonable efforts to deliver any payments required to be made
by it to the Purchase Contract Agent hereunder to the account designated by the
Purchase Contract Agent for such purpose not later than 12:00 p.m. (New York
City time) on the 

 

41

 

Business Day such payment is received by the
Securities Intermediary; provided,
however, that if such payment is
received on a day that is not a Business Day or after 11:00 a.m. (New York City
time) on a Business Day, then the Securities Intermediary shall use
commercially reasonable efforts to deliver such payment to the Purchase
Contract Agent no later than 10:30 a.m. (New York City time) on the next
succeeding Business Day.

 

Section 4.06.  Payments Held in Trust.  If the Purchase Contract Agent or
any Holder shall receive any payments on account of financial assets credited
to the Collateral Account (other than interest on the Senior Notes or
distributions on the Applicable Ownership Interests in the Treasury Portfolio
(as specified in clause (ii) of the definition thereof)) and not released
therefrom in accordance with this Agreement, the Purchase Contract Agent or
such Holder shall hold such payments as trustee of an express trust for the
benefit of the Company and, upon receipt of an Officers’ Certificate of the
Company so directing, promptly deliver such payments to the Securities
Intermediary for credit to the Collateral Account or to the Company for
application to the Obligations of the applicable Holder or Holders, and the
Purchase Contract Agent and Holders shall acquire no right, title or interest
in any such payments of principal amounts so received.  The Purchase Contract Agent shall have no
liability under this Section 4.06 unless and until it has been notified in
writing that such payment was delivered to it erroneously and shall have no
liability for any action taken, suffered or omitted to be taken prior to its
receipt of such notice.

 

ARTICLE 5

THE PURCHASE CONTRACTS

 

Section 5.01.  Purchase of Shares of Common Stock.  (a) Each Purchase Contract shall
obligate the Holder of the related Unit to purchase, and the Company to sell,
on the Purchase Contract Settlement Date at a price equal to the Stated Amount
(the “Purchase
Price”), a number of newly issued shares of Common Stock (subject to
Section 5.08) equal to the Settlement Rate unless an Early Settlement, a Cash
Merger Early Settlement or a Termination Event with respect to the Units of
which such Purchase Contract is a part shall have occurred.  The “Settlement Rate” is equal to:

 

(i)            If
the Applicable Market Value is greater than or equal to $[•] (the “Threshold
Appreciation Price”), [•]
shares of Common Stock per Purchase Contract (the “Minimum Settlement Rate”);

 

(ii)           if
the Applicable Market Value is less than the Threshold Appreciation Price but
greater than $[•]
(the “Reference
Price”), the number of shares of Common Stock per Purchase Contract
having a value (based on the Applicable Market Value) equal to the Stated
Amount;

 

(iii)          if
the Applicable Market Value is less than or equal to the Reference Price, [•] shares of Common Stock
per Purchase Contract (the “Maximum Settlement Rate”);

 

42

 

in each case
subject to adjustment as provided in Section 5.04 (and in each case rounded
upward or downward to the nearest 1/10,000th of a share).

 

The “Applicable
Market Value” means the average of the Closing Price per share of
Common Stock on each of the 20 consecutive Trading Days ending on the third
Trading Day immediately preceding the Purchase Contract Settlement Date,
subject to adjustment as set forth under Section 5.04 hereof.

 

The “Closing
Price” per share of Common Stock on any date of determination means:

 

(i)    the
closing sale price as of the close of the principal trading session (or, if no
closing price is reported, the last reported sale price) per share on the New
York Stock Exchange, Inc. (the “NYSE”) on such date; or

 

(ii)   if
the Common Stock is not listed for trading on the NYSE on any such date, the
closing sale price (or, if no closing price is reported, the last reported sale
price) per share as reported in the composite transactions for the principal
United States securities exchange on which the Common Stock is so listed; or

 

(iii) if
the Common Stock is not so listed on a United States national or regional
securities exchange, the closing sale price (or, if no closing price is
reported, the last reported sale price) per share as reported by The Nasdaq
National Market; or

 

(iv)  if
the Common Stock is not so reported by the Nasdaq National Market, the last
quoted bid price for the Common Stock in the over-the-counter market as
reported by the National Quotation Bureau or similar organization; or

 

(v)    if
the bid price referred to in clause (iv) above is not available, the average of
the mid-point of the last bid and ask prices of the Common Stock on such date
from at least three nationally recognized independent investment banking firms
retained by the Company for purposes of determining the Closing Price.

 

A “Trading Day”
means a day on which the Common Stock (i) is not suspended from trading on any
national or regional securities exchange or association or over-the-counter
market at the close of business and (ii) has traded at least once on the
national or regional securities exchange or association or over-the-counter
market that is the primary market for the trading of the Common Stock.

 

(b)       Each Holder of a
Corporate Unit or a Treasury Unit, by its acceptance of such Unit:

 

(i)    irrevocably
authorizes the Purchase Contract Agent to enter into and perform the related Purchase
Contract on its behalf and in its name as its attorney-

 

43

 

in-fact (including, without limitation, the
execution of Certificates on behalf of such Holder);

 

(ii)   agrees
to be bound by the terms and provisions of such Unit, including but not limited
to the terms and provisions of the Purchase Contract;

 

(iii) covenants
and agrees to perform its obligations under this Agreement and such Purchase
Contract for so long as such Holder remains a Holder of a Corporate Unit or a
Treasury Unit;

 

(iv)  consents
to the provisions hereof;

 

(v)    irrevocably
authorizes the Purchase Contract Agent to enter into and perform this Agreement
on its behalf and in its name as its attorney-in-fact;

 

(vi)  consents
to, and agrees to be bound by, the Pledge of such Holder’s right, title and
interest in and to the Collateral, including the Applicable Ownership Interests
in Senior Notes and the Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (i) of the definition of such term) or the
Treasury Securities pursuant to this Agreement, and the delivery of the Senior
Notes underlying such Applicable Ownership Interests in Senior Notes by the
Purchase Contract Agent to the Collateral Agent; and

 

(vii) for
United States federal, state and local income and franchise tax purposes,
agrees to (A) treat its acquisition of the Corporate Units as an acquisition of
the Applicable Ownership Interest in Senior Notes and Purchase Contract
constituting the Corporate Units, (B) treat the Applicable Ownership Interest
in Senior Notes as indebtedness of the Company and (C) treat itself as the
owner of the applicable interests in the Collateral, including the Senior Notes
underlying the Applicable Ownership Interests in Senior Notes, the Applicable
Ownership Interests in the Treasury Portfolio (as specified in clause (i) of
the definition of such term) or the Treasury Securities, as applicable;

 

provided that upon a
Termination Event, the rights of the Holder of such Units under the Purchase
Contract may be enforced without regard to any other rights or obligations.

 

(c)       Each Holder of a
Corporate Unit or a Treasury Unit, by its acceptance thereof, further covenants
and agrees that to the extent and in the manner provided in Section 5.02
hereof, but subject to the terms thereof, on the Purchase Contract Settlement
Date, Proceeds of the Pledged Applicable Ownership Interests in Senior Notes,
the Pledged Applicable Ownership Interests in the Treasury Portfolio or the
Pledged Treasury Securities, as applicable, equal to the Purchase Price shall
be paid by the Collateral Agent to the Company in satisfaction of such Holder’s
obligations under such Purchase Contract and such Holder shall acquire no
right, title or interest in such Proceeds.

 

44

 

(d)       Upon
registration of transfer of a Certificate, the transferee shall be bound
(without the necessity of any other action on the part of such transferee) by
the terms of this Agreement and the Purchase Contracts underlying such
Certificate and the transferor shall be released from the obligations under
this Agreement and the Purchase Contracts underlying the Certificate so
transferred.  The Company covenants and
agrees, and each Holder of a Certificate, by its acceptance thereof, likewise
covenants and agrees, to be bound by the provisions of this paragraph.

 

Section 5.02.  Cash Settlement; Remarketing; Payment of
Purchase Price.

 

(a)       Cash
Settlement.  (i) Unless (1) a
Termination Event has occurred, (2) a Holder effects an Early Settlement or a
Cash Merger Early Settlement of the underlying Purchase Contract or (3) a
Special Event Redemption has occurred prior to the seventh Business Day
immediately preceding the Purchase Contract Settlement Date, each Holder of
Corporate Units shall have the right to satisfy such Holder’s Obligations on
the Purchase Contract Settlement Date in cash. 
Each Holder of Corporate Units who intends to pay in cash to satisfy such
Holder’s Obligations under the Purchase Contract on the Purchase Contract
Settlement Date shall notify the Purchase Contract Agent by use of a notice in
substantially the form of Exhibit E hereto of his intention to pay in cash (a “Cash Settlement”) the Purchase Price for the Common Stock to be purchased
pursuant to the related Purchase Contract. 
Such notice shall be given prior to 5:00 p.m. (New York City time) on
the seventh Business Day immediately preceding the Purchase Contract Settlement
Date.  Corporate Units Holders may only
effect such a Cash Settlement pursuant to this Section 5.02(a) in integral
multiples of 40 Corporate Units.

 

(ii)   A
Holder of a Corporate Unit who has so notified the Purchase Contract Agent of
his intention to effect a Cash Settlement in accordance with Section 5.02(a)(i)
above shall pay the Purchase Price to the Securities Intermediary for deposit
in the Collateral Account prior to 5:00 p.m. (New York City time) on the sixth
Business Day immediately preceding the Purchase Contract Settlement Date, in
lawful money of the United States by certified or cashiers check or wire
transfer in immediately available funds payable to or upon the order of the
Securities Intermediary.

 

(iii) If
a Holder of a Corporate Unit fails to notify the Purchase Contract Agent of its
intention to make a Cash Settlement in accordance with Section 5.02(a)(i), or
does notify the Purchase Contract Agent as provided in Section 5.02(a)(i) of
its intention to pay the Purchase Price in cash, but fails to make such payment
as required by Section 5.02(a)(ii), such Holder shall be deemed to have
consented to the disposition of the Senior Notes underlying the Pledged
Applicable Ownership Interests in Senior Notes pursuant to each Remarketing as
described in Section 5.02(b) below.

 

(iv)  Promptly
after 5:00 p.m. (New York City time) on the sixth Business Day preceding the
Purchase Contract Settlement Date, the Purchase 

 

45

 

Contract Agent, based on notices received by
the Purchase Contract Agent pursuant to Section 5.02(a)(i) hereof and notice
from the Securities Intermediary regarding cash received by it prior to such
time, shall notify the Collateral Agent of the aggregate number of Senior Notes
to be remarketed in each Remarketing in a notice substantially in the form of
Exhibit K hereto.

 

(v)    Upon
(1) receipt by the Collateral Agent of a notice from the Purchase Contract
Agent promptly after the receipt by the Purchase Contract Agent of a notice
from a Holder of Corporate Units that such Holder has elected, in accordance
with Section 5.02(a)(i) to effect a Cash Settlement and (2) the payment by such
Holder of the Purchase Price in accordance with Section 5.02(a)(ii) above then
the Collateral Agent shall:

 

(A)               instruct
the Securities Intermediary promptly to invest any such Cash in Permitted
Investments consistent with the instructions of the Company as provided for
below in this Section 5.02(a)(v);

 

(B)               release
from the Pledge the Senior Notes underlying the Applicable Ownership Interest
in Senior Notes related to the Corporate Units as to which such Holder has
effected a Cash Settlement; and

 

(C)               instruct
the Securities Intermediary to Transfer all such Senior Notes to the Purchase
Contract Agent for distribution to such Holder, in each case free and clear of
the Pledge created hereby, whereupon the Purchase Contract Agent shall Transfer
such Senior Notes in accordance with written instructions provided by the
Holder thereof or, if no such instructions are given to the Purchase Contract
Agent by the Holder, the Purchase Contract Agent shall hold such Senior Notes,
and any interest payment thereon, in the name of the Purchase Contract Agent or
its nominee in trust for the benefit of such Holder until the expiration of the
time period specified in the relevant abandoned property laws of the state
where such Senior Notes and interest payments thereon, if any, are held.

 

The Company
shall instruct the Collateral Agent in writing as to the type of Permitted
Investments in which any such Cash shall be invested; provided, however,
that if the Company fails to deliver such written instructions by 10:30 a.m.
(New York City time) on the day such Cash is received by the Collateral Agent
or to be reinvested by the Securities Intermediary, the Collateral Agent shall
instruct the Securities Intermediary to invest such Cash in the Permitted
Investments described in clause (6) of the definition of Permitted Investments.
In no event shall the Collateral Agent or Securities Intermediary be liable for
the selection of Permitted Investments or for investment losses incurred
thereon. The Collateral Agent and Securities Intermediary shall have no
liability in respect of losses incurred as a result of the failure of the
Company to provide timely written investment direction.

 

46

 

Upon maturity
of the Permitted Investments on the Purchase Contract Settlement Date, the
Collateral Agent shall, and is hereby authorized to, (A) instruct the
Securities Intermediary to remit to the Company on the Purchase Contract
Settlement Date such portion of the proceeds of such Permitted Investments as
is equal to the aggregate Purchase Price under all Purchase Contracts in
respect of which Cash Settlement has been affected as provided in this Section
5.02 to the Company on the Purchase Contract Settlement Date, and (B) release
any amounts in excess of such amount earned from such Permitted Investments to
the Purchase Contract Agent for distribution to the Holders who have effected
Cash Settlement pro-rata in proportion to the amount paid by such Holders under
Section 5.02(a)(ii) above.

 

(b)       Remarketing.  (i) Unless a Special Event
Redemption or a Termination Event has occurred prior to the Initial Remarketing
Date, in order to dispose of the Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes of any Holders of Corporate Units who have
not notified the Purchase Contract Agent of their intention to effect a Cash
Settlement as provided in Section 5.02(a)(i) above, or who have so notified the
Purchase Contract Agent but failed to make such payment as required by Section
5.02(a)(ii) above, the Company shall engage the Remarketing Agent pursuant to
the Remarketing Agreement to sell such Senior Notes.  The Purchase Contract Agent, based on the notices specified
pursuant to Section 5.02(a)(iv), shall notify the Remarketing Agent, promptly
after 5:00 p.m. (New York City time) on the sixth Business Day immediately
preceding the Purchase Contract Settlement Date, of the aggregate principal
amount of Senior Notes attributable to the Pledged Applicable Ownership
Interests in Senior Notes that are to be remarketed.  Concurrently, the Custodial Agent, based on the notices specified
in clause (ii) below of this Section 5.02(b), will present for Remarketing the
Separate Senior Notes to the Remarketing Agent.

 

(ii)   Prior
to 5:00 p.m. (New York City time) on the seventh Business Day immediately
preceding the Purchase Contract Settlement Date, but no earlier than the
Payment Date immediately preceding such date, holders of Separate Senior Notes
may elect to have their Separate Senior Notes remarketed in all Remarketings
under the Remarketing Agreement by delivering their Separate Senior Notes,
along with a notice of such election, substantially in the form of Exhibit L
attached hereto, to the Custodial Agent. 
After such time, such election shall become an irrevocable election to
have such Separate Senior Notes remarketed in all Remarketings.  The Custodial Agent shall hold the Separate
Senior Notes in an account separate from the Collateral Account in which the
Senior Notes underlying the Pledged Applicable Ownership Interests in Senior
Notes shall be held.  Holders of
Separate Senior Notes electing to have their Separate Senior Notes remarketed
will also have the right to withdraw that election by written notice to the
Custodial Agent, substantially in the form of Exhibit M hereto, on or prior to
5:00 p.m. (New York City time) on the seventh Business Day immediately
preceding the Purchase Contract Settlement Date, and following such notice the
Custodial Agent shall return such Separate Senior notes to such holder.

 

47

 

(iii) Upon
receipt of notice from the Purchase Contract Agent as set forth in Section
5.02(b)(i) above and receipt of the Separate Senior Notes (if any) from the
Custodial Agent, the Remarketing Agent shall, on the Initial Remarketing Date,
use reasonable efforts to remarket such Senior Notes and such Separate Senior
Notes at a price (the “Remarketing Price”) based on the Reset Rate equal to
100% of the aggregate principal amount of such Senior Notes and such Separate
Senior Notes being remarketed, as provided in the Remarketing Agreement, for
settlement on the Purchase Contract Settlement Date.  If, in spite of using its reasonable efforts, the Remarketing
Agent cannot remarket such Senior Notes and such Separate Senior Notes at the
Remarketing Price (other than to the Company) for any reason, or the
remarketing has not occurred because a condition precedent to the remarketing
has not been fulfilled (in each case, a “Failed Remarketing”) on the Initial
Remarketing Date, the Remarketing Agent shall, on the Second Remarketing Date,
use its reasonable efforts to remarket such Senior Notes and such Separate
Senior Notes at the Remarketing Price for settlement on the Purchase Contract
Settlement Date.  If, in spite of the
Remarketing Agent’s reasonable efforts, a Failed Remarketing shall have
occurred on the Second Remarketing Date, the Remarketing Agent shall, on the
Final Remarketing Date, use reasonable efforts to remarket such Senior Notes
and such Separate Senior Notes at the Remarketing Price for settlement on the
Purchase Contract Settlement Date.

 

(iv)  If
the Remarketing Agent is able to remarket such Senior Notes and such Separate
Senior Notes (if any) in any Remarketing (to parties other than the Company) in
accordance with the Remarketing Agreement (a “Successful Remarketing”), the
Collateral Agent shall:

 

(A)               on
the Purchase Contract Settlement Date, instruct the Securities Intermediary to
Transfer the Senior Notes underlying Pledged Applicable Ownership Interests in
Senior Notes to the Remarketing Agent upon confirmation of deposit by the
Remarketing Agent of the Proceeds of such Remarketing attributable to such
Senior Notes in the Collateral Account; and

 

(B)               on
the Purchase Contract Settlement Date, in consultation with the Purchase
Contract Agent, instruct the Securities Intermediary to remit a portion of such
Proceeds equal to the aggregate principal amount of such Senior Notes to
satisfy in full the Obligations of Holders of Corporate Units to pay the
Purchase Price for the shares of Common Stock under the related Purchase
Contracts, less the amount of any accrued and unpaid Contract Adjustment Payments
payable to such Holders, and to remit the balance of such Proceeds, if any, to
the Purchase Contract Agent for distribution to Holders.

 

On the
Purchase Contract Settlement Date, the Company shall pay the Remarketing Fee to
the Remarketing Agent in accordance with the Remarketing Agreement.  With 

 

48

 

respect to the remarketed Separate Senior
Notes, upon a Successful Remarketing, any proceeds of the Successful
Remarketing attributable to the Separate Senior Notes will be remitted to the
Custodial Agent for payment on the Purchase Contract Settlement Date to the
holders of Separate Senior Notes who submitted such Separate Senior Notes for
remarketing pursuant hereto.

 

(v)    Following
a Failed Remarketing on the Final Remarketing Date (a “Failed Final Remarketing”),
as of the Purchase Contract Settlement Date, each Holder of any Pledged
Applicable Ownership Interests in Senior Notes, unless such Holder has
delivered the Purchase Price to the Securities Intermediary for deposit in the
Collateral Account prior to 5:00 p.m. (New York City time) on the second
Business Day immediately preceding the Purchase Contract Settlement Date in
lawful money of the United States by certified or cashiers check or wire transfer
in immediately available funds payable to or upon the order of the Securities
Intermediary, shall be deemed to have exercised such Holder’s Put Right with
respect to the Senior Notes underlying such Pledged Applicable Ownership
Interests in Senior Notes and to have elected to have a portion of the Proceeds
of the Put Right set-off against such Holder’s obligation to pay the aggregate
Purchase Price for the shares of Common Stock to be issued under the related
Purchase Contracts in full satisfaction of such Holders’ obligations under such
Purchase Contracts.  Following such
set-off, each such Holder’s obligations to pay the Purchase Price for the
shares of Common Stock will be deemed to be satisfied in full, and the
Collateral Agent shall cause the Securities Intermediary to release the Senior
Notes underlying such Pledged Applicable Interests in Senior Notes from the
Collateral Account and shall promptly transfer such Senior Notes to the
Company.  Thereafter, the Collateral
Agent shall promptly remit the remaining portion of the Proceeds of the
Holder’s exercise of the Put Right in excess of the aggregate Purchase Price
for the shares of Common Stock to be issued under such Purchase Contracts to
the Purchase Contract Agent for payment to the Holder of the Corporate Units to
which such Applicable Ownership Interests in Senior Notes relate.

 

(vi)  Not
later than 20 Business Days prior to the Initial Remarketing Date, the Company
shall request the Depositary or its nominee to notify the Beneficial Owners or
Depositary Participants holding Units and Separate Senior Notes of the
procedures to be followed in each Remarketing including, in the case of a
Failed Final Remarketing, the procedures that must be followed by a holder of
Separate Senior Notes if such Holder wishes to exercise its Put Right or by a
Holder if such Holder elects not to exercise its Put Right.

 

(vii) The
Company agrees to use its commercially reasonable efforts to ensure that, if
required by applicable law, (x) a registration statement, including a
prospectus, under the Securities Act with regard to the full amount of the
Senior Notes to be remarketed in each Remarketing in each case in a form that
may be used by the Remarketing Agent in connection with such Remarketing shall
be 

 

49

 

effective with the Securities and Exchange
Commission and (y) to make available copies of such prospectus.

 

(viii)                
The Company shall issue a press release and cause a notice of any Failed Final
Remarketing to be published on its website (with a copy of such notice to be
provided to the Purchase Contract Agent) before 9:00 a.m. New York City time on
the Business Day immediately following such Failed Final Remarketing.  The press release to be issued under this
subsection shall be published by making a timely release to an appropriate news
agency such as Bloomberg Business News or the Dow Jones News Service.

 

(c)       In the case of a
Treasury Unit or a Corporate Unit (if Applicable Ownership Interests in the
Treasury Portfolio have replaced the Applicable Ownership Interests in Senior
Notes as a component of such Corporate Unit), upon the maturity of the Pledged
Treasury Securities or the appropriate Pledged Applicable Ownership Interests
in the Treasury Portfolio held by the Securities Intermediary on or prior to
the Business Day immediately preceding the Purchase Contract Settlement Date,
the principal amount of the Treasury Securities or the appropriate Pledged
Applicable Ownership Interests in the Treasury Portfolio received by the
Securities Intermediary shall be invested promptly in Permitted
Investments.  On the Purchase Contract
Settlement Date, an amount equal to the Purchase Price for all related Purchase
Contracts shall be remitted to the Company as payment of such Holder’s
Obligations under such Purchase Contracts without receiving any instructions
from the Holder.  In the event the sum
of the Proceeds from either the related Pledged Treasury Securities or the
related Pledged Applicable Ownership Interests in the Treasury Portfolio and
the Proceeds from such Permitted Investments is in excess of the aggregate
Purchase Price, the Collateral Agent shall cause the Securities Intermediary to
distribute such excess, when received by the Securities Intermediary, to the Purchase
Contract Agent for the benefit of the Holder of the related Treasury Units or
Corporate Units, as applicable.

 

(d)       The obligations
of the Holders to pay the Purchase Price are non-recourse obligations and,
except to the extent satisfied by Early Settlement, Cash Merger Early
Settlement or Cash Settlement or terminated upon a Termination Event, are
payable solely out of the proceeds of any Collateral pledged to secure the
obligations of the Holders, and in no event will Holders be liable for any
deficiency between the proceeds of the disposition of Collateral and the
Purchase Price.

 

(e)       The Company
shall not be obligated to issue any shares of Common Stock in respect of a
Purchase Contract or deliver any certificates thereof to the Holder of the
related Units unless the Company shall have received payment for the Common
Stock to be purchased thereunder in the manner herein set forth.

 

Section 5.03.  Issuance of Shares of Common Stock.   Unless a Termination Event, an
Early Settlement or a Cash Merger Early Settlement shall have occurred, subject
to Section 5.04(b), on the Purchase Contract Settlement Date upon receipt of
the aggregate 

 

50

 

Purchase Price payable on all Outstanding
Units in accordance with Section 5.02 above, the Company shall issue and
deposit with the Purchase Contract Agent, for the benefit of the Holders of the
Outstanding Units, one or more certificates representing newly issued shares of
Common Stock registered in the name of the Purchase Contract Agent (or its
nominee) as custodian for the Holders (such certificates for shares of Common
Stock, together with any dividends or distributions for which a record date and
payment date for such dividend or distribution has occurred after the Purchase
Contract Settlement Date, being hereinafter referred to as the “Purchase
Contract Settlement Fund”) to which the Holders are entitled
hereunder.

 

Subject to the foregoing, upon surrender of a
Certificate to the Purchase Contract Agent on or after the Purchase Contract
Settlement Date, Early Settlement Date or Cash Merger Early Settlement Date, as
the case may be, together with settlement instructions thereon duly completed
and executed, the Holder of such Certificate shall be entitled to receive forthwith
in exchange therefor a certificate representing that number of newly issued
whole shares of Common Stock which such Holder is entitled to receive pursuant
to the provisions of this Article 5 (after taking into account all Units then
held by such Holder), together with cash in lieu of fractional shares as
provided in Section 5.08 and any dividends or distributions with respect to
such shares constituting part of the Purchase Contract Settlement Fund, but
without any interest thereon, and the Certificate so surrendered shall
forthwith be cancelled.  Such shares
shall be registered in the name of the Holder or the Holder’s designee as
specified in the settlement instructions provided by the Holder to the Purchase
Contract Agent.  If any shares of Common
Stock issued in respect of a Purchase Contract are to be registered in the name
of a Person other than the Person in whose name the Certificate evidencing such
Purchase Contract is registered (but excluding any Depositary or nominee
thereof), no such registration shall be made unless and until the Person
requesting such registration has paid any transfer and other taxes (including
any applicable stamp taxes) required by reason of such registration in a name
other than that of the registered Holder of the Certificate evidencing such
Purchase Contract or has established to the satisfaction of the Company that
such tax either has been paid or is not payable.

 

Section 5.04.  Adjustment of each Fixed Settlement Rate.  (a) Adjustments for Dividends,
Distributions, Stock Splits, Etc.

 

(i)    In
case the Company shall pay or make a dividend or other distribution on Common
Stock in Common Stock, each Fixed Settlement Rate in effect at the close of
business on the date fixed for the determination of shareholders entitled to
receive such dividend or other distribution shall be increased by multiplying
each Fixed Settlement Rate by a fraction of which:

 

(A)               the
numerator shall be the sum of the number of shares of Common Stock outstanding
at the close of business on the date fixed for such determination and the total
number of shares constituting such dividend or other distribution; and

 

51

 

(B)               the
denominator shall be the number of shares of Common Stock outstanding at the close
of business on the date fixed for such determination,

 

such increase in each Fixed Settlement Rate to become effective
immediately at the opening of business on the Business Day following the date
fixed for such determination.  For the
purposes of this paragraph (i), the number of shares of Common Stock at any
time outstanding shall not include shares held in the treasury of the Company
but shall include any shares issuable in respect of any scrip certificates
issued in lieu of fractions of shares of Common Stock.  The Company agrees that it shall not pay any
dividend or make any distribution on shares of Common Stock held in the
treasury of the Company.

 

(ii)   In
case the Company shall issue rights, warrants or options, other than pursuant
to any dividend reinvestment plans or share purchase plans, to all holders of
its Common Stock entitling them, for a period expiring within 45 days after the
record date for the determination of shareholders entitled to receive such
rights, warrants or options, to subscribe for or purchase shares of Common
Stock at a price per share less than the Current Market Price per share of
Common Stock on the date of announcement of such issuance, each Fixed
Settlement Rate in effect at the close of business on the date of such announcement
shall be increased by multiplying such Fixed Settlement Rate by a fraction of
which:

 

(A)               the
numerator shall be the number of shares of Common Stock outstanding at the
close of business on the date of such announcement plus the number of shares
of Common Stock so offered for subscription or purchase; and

 

(B)               the
denominator shall be the number of shares of Common Stock outstanding at the
close of business on the date of such announcement plus the number of shares
of Common Stock that the aggregate offering price of the total number of shares
of Common Stock so offered for subscription or purchase in the manner described
in this Section 5.04(a)(ii) would purchase at the Current Market Price on the
date of such announcement,

 

such increase in each Fixed Settlement Rate to become effective
immediately after the opening of business on the Business Day following the
date of such announcement.  The Company
agrees that it shall notify the Purchase Contract Agent if any issuance of such
rights, warrants or options is cancelled or not completed following the
announcement thereof and each Fixed Settlement Rate shall thereupon immediately
be readjusted to the Fixed Settlement Rate that would then be in effect if such
issuance had not been declared. For the purposes of this clause (ii), the
number of shares of Common Stock at any time outstanding shall not include
shares held in the treasury of the Company but shall include any shares 

 

52

 

issuable in respect of any scrip certificates issued in lieu of
fractions of shares of Common Stock. 
The Company agrees that it shall not issue any such rights, warrants or
options in respect of shares of Common Stock held in the treasury of the
Company.

 

(iii) In
case outstanding shares of Common Stock shall be subdivided or split into a
greater number of shares of Common Stock, each Fixed Settlement Rate in effect
at the close of business on the day preceding the day upon which such
subdivision or split becomes effective shall be proportionately increased, and,
conversely, in case outstanding shares of Common Stock shall each be combined
into a smaller number of shares of Common Stock, each Fixed Settlement Rate in
effect at the close of business on the day preceding the day upon which such
combination becomes effective shall be proportionately decreased, such increase
or decrease, as the case may be, to become effective immediately at the opening
of business on the Business Day following the day upon which such subdivision,
split or combination becomes effective.

 

(iv)  (w)
In case the Company shall, by dividend or otherwise, distribute to all holders
of its Common Stock evidences of its indebtedness or assets (including shares
of capital stock, securities, cash and property but excluding any rights,
warrants or options referred to in Section 5.04(a)(ii) above, any dividend or
distribution paid exclusively in cash and any dividend or distribution referred
to in Section 5.04(a)(i) above) (any of the foregoing hereinafter in this Section
5.02(a)(iv) called the “Distributed Property”), each Fixed
Settlement Rate in effect at the close of business on the date fixed for the
determination of shareholders entitled to receive such distribution shall be
adjusted by multiplying each Fixed Settlement Rate by a fraction of which:

 

(A)               the
numerator shall be such Current Market Price per share of Common Stock; and

 

(B)               the
denominator shall be the Current Market Price per share of Common Stock on the
date fixed for such determination less the then fair market value of the
portion of the assets or evidences of indebtedness so distributed applicable to
one share of Common Stock (as determined by the Board of Directors, whose
determination shall be conclusive and the basis for which shall be described in
a Board Resolution),

 

such adjustment to each Fixed Settlement Rate to become effective at
the opening of business on the Business Day following the date fixed for the
determination of shareholders entitled to receive such distribution; provided that
if the fair market value of the Distributed Property applicable to one share of
Common Stock is equal to or greater than the Current Market Price on the date
fixed for the determination of stockholders entitled to receive such
distribution, in lieu of the foregoing adjustment, adequate provision shall be
made so that each Holder shall have the 

 

53

 

right to receive upon settlement the amount of Distributed Property
such Holder would have received had such Holder settled each Purchase Contract
on the date fixed for such determination as if the Purchase Contract Settlement
Date were such date fixed for such determination.  In any case in which this Section 5.04(a)(iv) is applicable,
Section 5.04(a)(ii) shall not be applicable. 
In the event that such dividend or distribution is not so paid or made,
each Fixed Settlement Rate shall again be adjusted to be the Fixed Settlement
Rate that would then be in effect if such dividend or distribution had not been
declared.

 

(x)  Notwithstanding the
foregoing, if the Distributed Property distributed by the Company to all
holders of its Common Stock consist of capital stock of, or similar equity
interests in, a Subsidiary or other business unit of the Company, clause (w) above
shall not apply and instead each Fixed Settlement Rate shall be increased so
that each Fixed Settlement Rate shall be equal to the rate determined by
multiplying each such rate in effect immediately prior to the close of business
on the record date with respect to such distribution by a fraction of which,

 

(A)               the
numerator shall be the sum of (A) the average of the Closing Prices of the
Common Stock for the ten (10) consecutive Trading Days commencing on and
including the fifth Trading Day after the date on which “ex-dividend trading”
commences for such dividend or distribution on the New York Stock Exchange, the
Nasdaq National Market or such other national or regional exchange or market on
which such securities are then listed or quoted (the “Ex-Dividend Date”) plus
(B) the average Closing Prices of the securities distributed in respect of each
share of Common Stock for the ten (10) consecutive Trading Days commencing on
and including the fifth Trading Day after the Ex-Dividend Date; and

 

(B)               the
denominator shall be the average of the Closing Prices of the Common Stock for
the ten (10) consecutive Trading Days commencing on and including the fifth
Trading Day after the Ex-Dividend Date,

 

such adjustment to each Fixed Settlement Rate to become effective
immediately prior to the opening of business on the Business Day following the
record date with respect to such distribution. 
In any case in which this paragraph (x) is applicable, Section
5.02(a)(i), Section 5.02(a)(ii) and paragraph (w) of this Section 5.02(a)(iv)
shall not be applicable.

 

(y)  Notwithstanding anything to
the contrary contained in this Section 5.02(a), rights or warrants distributed
by the Company to all holders of Common Stock entitling the holders thereof to
subscribe for or purchase shares of the Company’s capital stock (either
initially or under certain circumstances), which rights, options or warrants,
until the occurrence of a specified event or events (“Trigger Event”) (i) are
deemed to be transferred with such shares of Common 

 

54

 

Stock; (ii) are not exercisable; and (iii) are also issued in respect
of future issuances of Common Stock, shall be deemed not to have been
distributed for purposes of this Section 5.04(a) (and no adjustment to each
Fixed Settlement Rate under this Section 5.04(a) will be required) until the
occurrence of the earliest Trigger Event, whereupon such rights, options and
warrants shall be deemed to have been distributed and an appropriate adjustment
(if any is required) to each Fixed Settlement Rate shall be made under this
Section 5.02(a)(iv).  In addition, in
the event of any distribution of rights, options or warrants, or any Trigger
Event with respect thereto that was counted for purposes of calculating a
distribution amount for which an adjustment to each Fixed Settlement Rate under
this Section 5.04(a) was made, (1) in the case of any such rights, options or
warrants that shall all have been redeemed or repurchased without exercise by
any holders thereof, each Fixed Settlement Rate shall be readjusted upon such
final redemption or repurchase to give effect to such distribution or Trigger
Event, as the case may be, as though it were a cash distribution, equal to the
per share redemption or repurchase price received by a holder or holders of
Common Stock with respect to such rights, options or warrants (assuming such
holder had retained such rights, options or warrants), made to all holders of
Common Stock as of the date of such redemption or repurchase, and (2) in the
case of such rights, options or warrants that shall have expired or been
terminated without exercise by any holders thereof, each Fixed Settlement Rate
shall be readjusted as if such rights, options and warrants had not been
issued.

 

(z)  For purposes of this
Section 5.02(a)(iv) and Section 5.02(a)(i) and Section 5.02(a)(ii), any
dividend or distribution to which this Section 5.02(a)(iv) is applicable that
also includes shares of Common Stock, or rights, options or warrants to
subscribe for or purchase shares of Common Stock (or both), shall be deemed
instead to be (1) a dividend or distribution of the evidences of indebtedness,
assets or shares of capital stock other than such shares of Common Stock or
rights, options or warrants (and any Settlement Rate adjustment required by
this Section 5.02(a)(iv) with respect to such dividend or distribution shall
then be made) immediately followed by (2) a dividend or distribution of such
shares of Common Stock or such rights, options or warrants (and any further
Settlement Rate adjustment required by Section 5.02(a)(i) and Section
5.02(a)(ii) with respect to such dividend or distribution shall then be made),
except (A) the record date of such dividend or distribution shall be deemed to
be “the date fixed for the determination of shareholders entitled to receive
such dividend or other distribution”, “the date fixed for the determination of
shareholders entitled to receive such rights, options or warrants” and “the
date fixed for such determination” within the meaning of Section 5.02(a)(i) and
Section 5.02(a)(ii) and (B) any shares of Common Stock included in such
dividend or distribution shall not be deemed “outstanding at the close of
business on the date fixed for the determination of shareholders entitled to
receive such dividend or other 

 

55

 

distribution” or “outstanding at the close of business on the date
fixed for such determination” within the meaning of Section 5.02(a)(i).

 

(v)    In
case the Company shall make any dividend or distribution consisting exclusively
of cash to all holders of outstanding shares of Common Stock (excluding (I) any
dividend or distribution in connection with the liquidation, dissolution or
termination of the Company, or (II) any cash dividend on Common Stock to the
extent that the aggregate cash dividend per share of Common Stock in any fiscal
quarter does not exceed $0.065 (the “Dividend Threshold Amount”)), then each
Fixed Settlement Rate will be adjusted by multiplying each Fixed Settlement
Rate in effect immediately prior to the close of business on the record date
with respect to such dividend or distribution by a fraction of which,

 

(A)               the
numerator is the Current Market Price on the date fixed for the determination
of stockholders entitled to receive such distribution, minus the Dividend Threshold
Amount; and

 

(B)               the
denominator is such Current Market Price, minus the amount per share of such
dividend or distribution,

 

such adjustment to each Fixed Settlement Rate
to be effective immediately prior to the opening of business on the Business
Day following the date fixed for the determination of stockholders entitled to
receive such distribution; provided that if an adjustment is required
to be made under this clause as a result of a distribution that is not a
regular quarterly dividend, the Dividend Threshold Amount will be deemed to be
zero; and
provided further that if the portion of the cash so distributed
applicable to one share of Common Stock is equal to or greater than the Current
Market Price on the date fixed for the determination of stockholders entitled
to receive such distribution, in lieu of the foregoing adjustment, adequate
provision shall be made so that each Holder shall have the right to receive
upon settlement the amount of cash such Holder would have received had such
Holder settled each Purchase Contract on the date fixed for such determination
as if the Purchase Contract Settlement Date were such date fixed for such
determination.  The Dividend Threshold
Amount is subject to adjustment from time to time in a manner inversely
proportional to any adjustment made to each Fixed Settlement Rate under this
Section 5.02.

 

(vi)  In
case a tender or exchange offer made by the Company or any subsidiary of the
Company for all or any portion of the Common Stock shall expire and such tender
or exchange offer (as amended upon the expiration thereof) shall require the
payment to stockholders of consideration per share of Common Stock having a
fair market value (as determined by the Board of Directors, whose determination
shall be conclusive and described in a resolution of the Board of Directors)
that as of the last time at which tenders or exchanges may be made pursuant to
such tender or exchange offer (as it may be amended) (the “Expiration 

 

56

 

Time”)
exceeds the Closing Price of a share of Common Stock on the Trading Day next
succeeding the Expiration Time, each Fixed Settlement Rate shall be increased
so that the same shall equal the rate determined by multiplying each Fixed
Settlement Rate in effect immediately prior to the Expiration Time by a
fraction of which,

 

(A)               the
numerator shall be equal to the sum of (1) the fair market value, as determined
by the Board of Directors (as described above in this Section 5.04(a)(vi)), of
the aggregate consideration payable for all shares of Common Stock that the
Company or a subsidiary of the Company, as the case may be, purchased in such
tender or exchange offer (the “Purchased Shares”) and (2) the product of
the number of shares of Common Stock outstanding, less any Purchased Shares,
and the Closing Price of the Common Stock on the Trading Day next succeeding
the Expiration Time, and

 

(B)               the
denominator shall be equal to the product of the number of shares of Common
Stock outstanding, including the Purchased Shares, and the Closing Price of the
Common Stock on the Trading Day next succeeding the Expiration Time,

 

such adjustment to each Fixed Settlement Rate to become effective immediately
prior to the opening of business on the Business Day following the Expiration
Time.  If the Company is obligated to
purchase shares pursuant to any such tender or exchange offer, but the Company
is permanently prevented by applicable law from effecting any such purchases or
all such purchases are rescinded, each Fixed Settlement Rate shall again be
adjusted to be the Fixed Settlement Rate that would then be in effect if such
tender or exchange offer had not been made.

 

(vii) The
reclassification of Common Stock into securities including securities other
than Common Stock (other than any reclassification upon a Reorganization Event
to which Section 5.04(b) applies) shall be deemed to involve:

 

(A)               a
distribution of such securities other than Common Stock to all holders of
Common Stock (and the effective date of such reclassification shall be deemed
to be “the date fixed for the determination of shareholders entitled to receive
such distribution” and the “date fixed for such determination” within the meaning
of paragraph (iv) of this Section); and

 

(B)               a
subdivision, split or combination, as the case may be, of the number of shares
of Common Stock outstanding immediately prior to such reclassification into the
number of shares of Common Stock outstanding immediately thereafter (and the
effective date of such reclassification shall be deemed to be “the day upon
which such 

 

57

 

subdivision or split becomes effective” or
“the day upon which such combination becomes effective”, as the case may be,
and “the day upon which such subdivision, split or combination becomes
effective” within the meaning of this Section 5.04(a)(iii).

 

(viii)                [Reserved.]

 

(ix)  All
adjustments to each Fixed Settlement Rate shall be calculated to the nearest
1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th
of a share, to the next lower 1/10,000th of a share).  If any adjustments are made to each Fixed Settlement Rate pursuant
to this Section 5.04(a), an adjustment shall also be made to the Applicable
Market Value solely to determine which of clauses (i), (ii) or (iii) of the
definition of Settlement Rate in Section 5.01(a) will apply on the Purchase
Contract Settlement Date or any Cash Merger Early Settlement Date.  Such adjustment shall be made by multiplying
the Applicable Market Value by the Adjustment Factor.  The “Adjustment Factor” means, initially, a fraction the
numerator of which shall be the Maximum Settlement Rate immediately after the
first adjustment to each Fixed Settlement Rate pursuant to this Section 5.04(a)
and the denominator of which shall be the Maximum Settlement Rate immediately
prior to such adjustment.  Each time an
adjustment is required to be made to each Fixed Settlement Rate pursuant to
this Section 5.04(a), the Adjustment Factor shall be multiplied by a fraction
the numerator of which shall be the Maximum Settlement Rate immediately after
such adjustment to each Fixed Settlement Rate pursuant to this Section 5.04(a)
and the denominator of which shall be the Maximum Settlement Rate immediately
prior to such adjustment. 
Notwithstanding the foregoing, if any adjustment to each Fixed
Settlement Rate is required to be made pursuant to the occurrence of any of the
events contemplated by this Section 5.04(a) during the period taken into
consideration for determining the Applicable Market Value, the 20 individual
Closing Prices used to determine the Applicable Market Value shall be adjusted
rather than the Applicable Market Value and the Applicable Market Value shall
be determined by (A) multiplying the Closing Prices for Trading Days prior to
such adjustment to each Fixed Settlement Rate by the Adjustment Factor in
effect prior to such adjustment, (B) multiplying the Closing Prices for Trading
Days following such adjustment by the Adjustment Factor reflecting such
adjustment, and (C) dividing the sum of all such adjusted Closing Prices by 20.

 

(x)   The
Company may, but shall not be required to, make such increases in each Fixed
Settlement Rate, in addition to those required by this Section 5.04(a), as the
Board of Directors considers to be advisable. 
The Company may make such a discretionary adjustment only if it makes
the same proportionate adjustment to each Fixed Settlement Rate.

 

(xi)  If
the Company hereafter adopts any stockholder rights plan involving the issuance
of preference share purchase rights or other similar rights 

 

58

 

(the “Rights”) to all holders of the Common
Stock, a Holder shall be entitled to receive upon settlement of any Purchase
Contract, in addition to the shares of Common Stock issuable upon settlement of
such Purchase Contract, the related Rights for the Common Stock, unless such
Rights under the future stockholder rights plan have separated from the Common
Stock at the time of conversion, in which case each Fixed Settlement Rate shall
be adjusted as provided in Section 5.04(a)(iv) on the date such Rights separate
from the Common Stock.

 

(b)       Adjustment for
Consolidation, Merger or Other Reorganization Event.

 

(i)    In
the event of:

 

(A)               any
consolidation or merger of the Company with or into another Person (other than
a merger or consolidation in which the Company is the continuing corporation
and in which the shares of Common Stock outstanding immediately prior to the
merger or consolidation are not exchanged for cash, securities or other
property of the Company or another corporation);

 

(B)               any
sale, transfer, lease or conveyance to another Person of the property of the
Company as an entirety or substantially as an entirety;

 

(C)               any
statutory share exchange of the Company with another Person (other than in
connection with a merger or acquisition); or

 

(D)               any
liquidation, dissolution or termination of the Company other than as a result
of or after the occurrence of a Termination Event (any event described in
clauses (A), (B), (C) and (D), a “Reorganization Event”),

 

each Holder
will receive, in lieu of shares of Common Stock, on the Purchase Contract
Settlement Date or any Early Settlement Date with respect to each Purchase
Contract forming a part thereof, the kind and amount of securities, cash and
other property receivable upon such Reorganization Event (without any interest
thereon, and without any right to dividends or distribution thereon if such
dividends or distributions have a record date that is prior to the Purchase
Contract Settlement Date) by a Holder of one share of Common Stock (the “Exchange
Property”), multiplied by the applicable Settlement Rate.  The kind and amount of Exchange Property
will be determined assuming such holder of one Share of Common Stock is not a
Person with which the Company consolidated or into which the Company merged or
which merged into the Company or to which such sale or transfer was made, as
the case may be (any such Person, a “Constituent Person”), or an Affiliate of a
Constituent Person to the extent such Reorganization Event provides for
different treatment of Common Stock held by Affiliates of the Company and
non-affiliates and such Holder failed to exercise its rights of election, if
any, as to the kind or amount of securities, cash and other property receivable
upon such Reorganization Event (provided 

 

59

 

that if the
kind or amount of securities, cash and other property receivable upon such
Reorganization Event is not the same for each share of Common Stock held
immediately prior to such Reorganization Event by a Person other than a
Constituent Person or an Affiliate thereof and in respect of which rights of
election shall not have been exercised (“non-electing share”), then for the purpose
of this Section 5.04(b)(i) the kind and amount of securities, cash and other
property receivable upon such Reorganization Event shall be deemed to be the
kind and amount so receivable per share by a plurality of the non-electing
shares).

 

For purposes
of determining the applicable Settlement Rate under this Section 5.04(b)(i) and
Section 5.04(b)(ii), the term “Applicable Market Value” shall be deemed to
refer to the “Applicable Market Value” of the Exchange Property, and such value
shall be determined (A) with respect to any publicly traded securities that
compose all or part of the Exchange Property, based on the Closing Price of
such securities, (B) in the case of any cash that composes all or part of the
Exchange Property, based on the amount of such cash and (C) in the case of any
other property that composes all or part of the Exchange Property, based on the
value of such property, as determined by a nationally recognized independent
investment banking firm retained by the Company for this purpose; provided that prior to the separation of
the Rights or any similar stockholder rights from the Common Stock, such Rights
or similar stockholder rights shall be deemed to have no value.  For the purposes of this paragraph only, the
term “Closing Price” shall be deemed to refer to the closing sale price, last
quoted bid price or mid-point of the last bid and ask prices, as the case may
be, of any publicly traded securities that comprise all or part of the Exchange
Property and the term “Trading Day” shall be deemed to refer to any publicly
traded securities that comprise all or part of the Exchange Property.

 

In the event
of such a Reorganization Event, the Person formed by such consolidation, merger
or exchange or the Person that acquires the assets of the Company or, in the
event of a liquidation, dissolution or termination of the Company, the Company
or a liquidating trust created in connection therewith, shall execute and
deliver to the Purchase Contract Agent an agreement supplemental hereto
providing that each Holder of an Outstanding Unit shall have the rights
provided by this Section 5.04(b)(i). 
Such supplemental agreement shall provide for adjustments which, for
events subsequent to the effective date of such supplemental agreement, shall
be, in the sole judgment of the parties executing such agreement, as nearly
equivalent as may be practicable to the adjustments provided for in this
Section 5.04. The above provisions of this Section 5.04 shall similarly apply
to successive Reorganization Events.

 

(ii)   In
the event, prior to the Purchase Contract Settlement Date, of a consolidation
or merger of the Company with or into another Person, any merger of another
Person into the Company (other than a merger that does not result in any
reclassification, conversion, exchange or cancellation of outstanding shares of
Common Stock), or the sale by the Company of all or substantially all of its
assets, in each case in which 30% or more of the total consideration paid to
the Company’s shareholders consists of cash or cash equivalents (a “Cash Merger”),
then a Holder 

 

60

 

of a Unit may settle (“Cash Merger Early Settlement”)
its Purchase Contract, upon the conditions set forth below, at the Settlement
Rate in effect immediately prior to the closing of the Cash Merger; provided that
no Cash Merger Early Settlement will be permitted pursuant to this Section
5.04(b)(ii) unless, at the time such Cash Merger Early Settlement is effected,
there is an effective Registration Statement with respect to any securities to
be issued and delivered in connection with such Cash Merger Early Settlement,
if such a Registration Statement is required (in the view of counsel, which
need not be in the form of a written opinion, for the Company) under the
Securities Act.  If such a Registration
Statement is so required, the Company covenants and agrees to use its
commercially reasonable efforts to (x) have in effect a Registration Statement
covering any securities to be delivered in respect of the Purchase Contracts
being settled and (y) provide a Prospectus in connection therewith, in each
case in a form that may be used in connection with such Cash Merger Early
Settlement.  If a Holder elects a Cash
Merger Early Settlement of some or all of its Purchase Contracts, such Holder
shall be entitled to receive, on the Cash Merger Early Settlement Date, the aggregate
amount of any accrued and unpaid Contract Adjustment Payments, with respect to
such Purchase Contracts.  The Company
shall pay such amount as a credit against the amount otherwise payable by such
Holder to effect such Cash Merger Early Settlement.

 

Within five Business Days of the completion of a Cash Merger, the
Company shall provide written notice to Holders of such completion of a Cash
Merger, which shall specify the deadline for submitting the notice to settle
early in cash pursuant to this Section 5.04(b)(ii), the date on which such Cash
Merger Early Settlement shall occur (which date shall be at least five days
after the date of such written notice by the Company, but which shall in no
event be later than the earlier of 20 days after the date of such written
notice by the Company and the fifth Business Day immediately preceding the
Purchase Contract Settlement Date) (the “Cash Merger Early Settlement Date”), the
applicable Settlement Rate and the amount (per share of Common Stock) of cash,
securities and other consideration receivable by the Holder, including the
amount of Contract Adjustment Payments receivable, upon settlement.

 

Corporate Units Holders (unless Applicable Ownership Interests in the
Treasury Portfolio have replaced Applicable Ownership Interests in Senior Notes
as a component of the Corporate Units) and Treasury Units Holders may only
effect Cash Merger Early Settlement pursuant to this Section 5.04(b)(ii) in
integral multiples of 40 Corporate Units or Treasury Units, as the case may
be.  If Applicable Ownership Interests
in the Treasury Portfolio have replaced Applicable Ownership Interests in
Senior Notes as a component of the Corporate Units, Corporate Units Holders may
only effect Cash Merger Early Settlement pursuant to this Section 5.04(b)(ii)
in multiples of [•]
Corporate Units.  Other than the
provisions relating to timing of notice and settlement, which shall be as set
forth in 

 

61

 

the immediately preceding paragraph, the provisions of Section 5.01
shall apply with respect to a Cash Merger Early Settlement pursuant to this
Section 5.04(b)(ii).

 

In order to exercise the right to effect Cash Merger Early Settlement
with respect to any Purchase Contracts, the Holder of the Certificate
evidencing Units shall deliver, no later than 5:00 p.m. (New York City time) on
the third Business Day immediately preceding the Cash Merger Early Settlement
Date, such Certificate to the Purchase Contract Agent at the Corporate Trust
Office duly endorsed for transfer to the Company or in blank with the form of
Election to Settle Early on the reverse thereof duly completed and accompanied
by payment (payable to the Company in immediately available funds) in an amount
equal to the result of:

 

(i)            the product of (A)
the Stated Amount times (B) the number of Purchase Contracts with respect to
which the Holder has elected to effect Cash Merger Early Settlement, less

 

(ii)           the amount of any
accrued and unpaid Contract Adjustment Payments (except when the Cash Merger
Early Settlement Date falls after any Record Date and prior to the next
succeeding Payment Date).

 

Upon receipt of such Certificate and payment of such funds, the
Purchase Contract Agent shall pay the Company from such funds the related
Purchase Price pursuant to the terms of the related Purchase Contracts, and
notify the Collateral Agent that all the conditions necessary for a Cash Merger
Early Settlement by a Holder have been satisfied pursuant to which the Purchase
Contract Agent has received from such Holder, and paid to the Company as
confirmed in writing by the Company, the related Purchase Price.

 

Upon receipt by the Collateral Agent of the notice from the Purchase
Contract Agent set forth in the immediately preceding paragraph, the Collateral
Agent shall release from the Pledge, (1) the Senior Notes underlying the
Pledged Applicable Ownership Interests in Senior Notes or the Pledged
Applicable Ownership Interests in the Treasury Portfolio, in the case of a
Holder of Corporate Units or (2) the Pledged Treasury Securities, in the case
of a Holder of Treasury Units, in each case with a Value equal to the product
of (x) the Stated Amount and (y) the number of Purchase Contracts as to which
such Holder has elected to effect Cash Merger Early Settlement, and shall
instruct the Securities Intermediary to Transfer all such Pledged Applicable
Ownership Interests in the Treasury Portfolio or Senior Notes underlying
Pledged Applicable Ownership Interests in Senior Notes or Pledged Treasury
Securities, as the case may be, to the Purchase Contract Agent for distribution
to such Holder, in each case free and clear of the Pledge created hereby.

 

If a Holder properly effects an effective Cash Merger Early Settlement
in accordance with the provisions of this Section 5.04(b)(ii), the Company will
deliver 

 

62

 

(or will cause the Collateral Agent to deliver) to the Holder on the
Cash Merger Early Settlement Date:

 

(A)               the
kind and amount of securities, cash and other property receivable upon such
Cash Merger by a Holder of the number of shares of Common Stock issuable on
account of each Purchase Contract if the Purchase Contract Settlement Date had
occurred immediately prior to such Cash Merger (based on the Settlement Rate in
effect at such time), assuming such Holder of Common Stock is not a Constituent
Person or an Affiliate of a Constituent Person to the extent such Cash Merger
provides for different treatment of Common Stock held by Affiliates of the
Company and non-affiliates and such Holder failed to exercise its rights of
election, if any, as to the kind or amount of securities, cash and other
property receivable upon such Cash Merger (provided that if the kind or amount of
securities, cash and other property receivable upon such Cash Merger is not the
same for each non-electing share, then for the purpose of this Section
5.04(b)(ii), the kind and amount of securities, cash and other property
receivable upon such Cash Merger by each non-electing share shall be deemed to
be the kind and amount so receivable per share by a plurality of the
non-electing shares).  For the avoidance
of doubt, for the purposes of determining the Applicable Market Value (in
connection with determining the appropriate Settlement Rate to be applied in
the foregoing sentence), the date of the closing of the Cash Merger shall be
deemed to be the Purchase Contract Settlement Date;

 

(B)               the
Senior Notes, the Applicable Ownership Interests in the Treasury Portfolio or
Treasury Securities, as the case may be, related to the Purchase Contracts with
respect to which the Holder is effecting a Cash Merger Early Settlement; and

 

(C)               if
so required under the Securities Act, a Prospectus as contemplated by this
Section 5.04(b)(ii).

 

The Corporate Units or the Treasury Units of
the Holders who do not elect Cash Merger Early Settlement in accordance with
the foregoing will continue to remain outstanding and be subject to settlement
on the Purchase Contract Settlement Date in accordance with the terms hereof.

 

(c)       All calculations
and determinations pursuant to this Section 5.04 shall be made by the Company
or its agent and the Purchase Contract Agent shall have no responsibility with
respect to this Agreement.

 

Section 5.05.  Notice of Adjustments and Certain Other
Events.  (a)
Whenever the Fixed Settlement Rates are adjusted as herein provided, the
Company shall within 10 Business Days following the occurrence of an event that
requires an adjustment to each 

 

63

 

Fixed Settlement Rate pursuant to Section 5.04 (or if the Company is
not aware of such occurrence, as soon as practicable after becoming so aware):

 

(i)    compute
each adjusted Fixed Settlement Rate in accordance with Section 5.04 and prepare
and transmit to the Purchase Contract Agent an Officers’ Certificate setting
forth each Fixed Settlement Rate, the method of calculation thereof in
reasonable detail, and the facts requiring such adjustment and upon which such
adjustment is based; and

 

(ii)   provide
a written notice to the Holders of the Units of the occurrence of such event
and a statement in reasonable detail setting forth the method by which the
adjustment to each Fixed Settlement Rate was determined and setting forth each
adjusted Fixed Settlement Rate.

 

(b)       The Purchase
Contract Agent shall not at any time be under any duty or responsibility to any
Holder to determine whether any facts exist which may require any adjustment of
each Fixed Settlement Rate, or with respect to the nature or extent or
calculation of any such adjustment when made, or with respect to the method
employed in making the same.  The
Purchase Contract Agent shall be fully authorized and protected in relying on
any Officers’ Certificate delivered pursuant to Section 5.05(a)(i) and any
adjustment contained therein and the Purchase Contract Agent shall not be
deemed to have knowledge of any adjustment unless and until it has received
such certificate. The Purchase Contract Agent shall not be accountable with
respect to the validity or value (or the kind or amount) of any shares of
Common Stock, or of any securities or property, which may at the time be issued
or delivered with respect to any Purchase Contract; and the Purchase Contract
Agent makes no representation with respect thereto.  The Purchase Contract Agent shall not be responsible for any
failure of the Company to issue, transfer or deliver any shares of Common Stock
pursuant to a Purchase Contract or to comply with any of the duties,
responsibilities or covenants of the Company contained in this Article 5.

 

Section 5.06.  Termination Event; Notice.

 

The Purchase
Contracts and all obligations and rights of the Company and the Holders
thereunder, including, without limitation, the rights of the Holders to receive
and the obligation of the Company to pay any Contract Adjustment Payments
(including any accrued and unpaid Contract Adjustment Payments), and the rights
and obligations of Holders to purchase Common Stock, shall immediately and
automatically terminate, without the necessity of any notice or action by any Holder,
the Purchase Contract Agent or the Company, if, prior to or on the Purchase
Contract Settlement Date, a Termination Event shall have occurred.

 

Upon and after
the occurrence of a Termination Event, the Units shall thereafter represent the
right to receive the Senior Notes underlying the Applicable Ownership Interests
in Senior Notes, the Treasury Securities or the Applicable Ownership Interests
in the Treasury Portfolio, as the case may be, forming part of such Units, in
accordance with 

 

64

 

the provisions of Section 3.15 hereof. 
Upon the occurrence of a Termination Event, the Company shall promptly
but in no event later than two Business Days thereafter give written notice to
the Purchase Contract Agent, the Collateral Agent and the Holders, at their
addresses as they appear in the Security Register.

 

Section 5.07.  Early Settlement.  (a)  Subject to and upon
compliance with the provisions of this Section 5.07, at the option of the
Holder thereof, Purchase Contracts underlying Units may be settled early (“Early
Settlement”) at any time after [•], 2005 but prior to 5:00 p.m. (New York City time) on
the seventh Business Day immediately preceding the Purchase Contract Settlement
Date (in the case of Corporate Units, unless a Special Event Redemption has
occurred) or the second Business Day immediately preceding the Purchase
Contract Settlement Date (in the case of Treasury Units or Corporate Units
after the occurrence of a Special Event Redemption); provided that no Early
Settlement will be permitted pursuant to this Section 5.07 unless, at the time
such Early Settlement is effected, there is an effective Registration Statement
with respect to any securities to be issued and delivered in connection with
such Early Settlement, if such a Registration Statement is required (in the
view of counsel, which need not be in the form of a written opinion, for the
Company) under the Securities Act.  If
such a Registration Statement is so required, the Company covenants and agrees
to use its commercially reasonable best efforts to (i) have in effect a
Registration Statement covering any securities to be delivered in respect of
the Purchase Contracts being settled and (ii) provide a Prospectus in
connection therewith, in each case in a form that may be used in connection
with such Early Settlement (it being understood that if there is a material
business transaction or development that has not yet been publicly disclosed,
the Company will not be required to provide such a Prospectus, and the right to
effect Early Settlement will not be available, until the Company has publicly
disclosed such transaction or development, provided that the Company will use its
commercially reasonable efforts to make such disclosure as soon as it is
commercially reasonable to do so).

 

(b)       In order to
exercise the right to effect Early Settlement with respect to any Purchase
Contracts, the Holder of the Certificate evidencing Units (in the case of
Certificates in definitive certificated form) shall deliver, at any time prior
to 5:00 p.m. (New York City time) on the seventh Business Day immediately
preceding the Purchase Contract Settlement Date (in the case of Corporate
Units, unless a Special Event Redemption has occurred) or the second Business Day
immediately preceding the Purchase Contract Settlement Date (in the case of
Treasury Units or Corporate Units after the occurrence of a Special Event
Redemption), such Certificate to the Purchase Contract Agent at the Corporate
Trust Office duly endorsed for transfer to the Company or in blank with the
form of Election to Settle Early on the reverse thereof duly completed and
accompanied by payment (payable to the Company in immediately available funds)
in an amount (the “Early Settlement Amount”) equal to the sum
of:

 

(i)    the
product of (A) the Stated Amount and (B) the number of Purchase Contracts with
respect to which the Holder has elected to effect Early Settlement, plus,

 

65

 

(ii)   if
such delivery is made with respect to any Purchase Contracts during the period
from the close of business on any Record Date next preceding any Payment Date
to the opening of business on such Payment Date, an amount equal to the
Contract Adjustment Payments payable on such Payment Date with respect to such
Purchase Contracts.

 

In the case of
Book-Entry Interests, each Beneficial Owner electing Early Settlement must
deliver the Early Settlement Amount to the Purchase Contract Agent along with a
facsimile of the Election to Settle Early form duly completed, make book-entry
transfer of such Book-Entry Interests and comply with the applicable procedures
of the Depositary.

 

Except as
provided in Section 5.10(d), no payment shall be made upon Early Settlement of
any Purchase Contract on account of any Contract Adjustment Payments accrued on
such Purchase Contract or on account of any dividends on the Common Stock
issued upon such Early Settlement.  If
the foregoing requirements are first satisfied with respect to Purchase
Contracts underlying any Units at or prior to 5:00 p.m. (New York City time) on
a Business Day, such day shall be the “Early Settlement Date” with respect to such
Units and if such requirements are first satisfied after 5:00 p.m. (New York
City time) on a Business Day or on a day that is not a Business Day, the Early
Settlement Date with respect to such Units shall be the next succeeding
Business Day.

 

Upon the
receipt of such Certificate and Early Settlement Amount from the Holder, the
Purchase Contract Agent shall pay to the Company such Early Settlement Amount,
the receipt of which payment the Company shall confirm in writing. The Purchase
Contract Agent shall then notify the Collateral Agent that (A) such Holder has
elected to effect an Early Settlement, which notice shall set forth the number
of such Purchase Contracts as to which such Holder has elected to effect Early
Settlement, (B) the Purchase Contract Agent has received from such Holder, and
paid to the Company as confirmed in writing by the Company, the related Early
Settlement Amount and (C) all conditions to such Early Settlement have been
satisfied.

 

Upon receipt
by the Collateral Agent of the notice from the Purchase Contract Agent set
forth in the preceding paragraph, the Collateral Agent shall release from the
Pledge, (1) in the case of a Holder of Corporate Units, the Senior Notes
underlying the Pledged Applicable Ownership Interest in Senior Notes, or the
Pledged Applicable Ownership Interests in the Treasury Portfolio, as the case
may be, relating to the Purchase Contracts to which Early Settlement is
effected, or (2) in the case of a Holder of Treasury Units, Pledged Treasury
Securities, in each case with a Value equal to the product of (x) the Stated
Amount times (y) the number of Purchase Contracts as to which such Holder has
elected to effect Early Settlement, and shall instruct the Securities
Intermediary to Transfer all such Pledged Applicable Ownership Interests in the
Treasury Portfolio or Senior Notes underlying such Pledged Applicable Ownership
Interests in Senior Notes or Pledged Treasury Securities, as the case may be,
to the Purchase Contract Agent for distribution to such Holder, in each case
free and clear of the Pledge created hereby.

 

66

 

Holders of
Corporate Units and Treasury Units may only effect Early Settlement pursuant to
this Section 5.07 in integral multiples of 40 Treasury Units.  If Applicable Ownership Interests in the
Treasury Portfolio have replaced Applicable Ownership Interests in Senior Notes
as a component of the Corporate Units, Corporate Units Holders may only effect
Early Settlement pursuant to this Section 5.07 in integral multiples of [•] Corporate Units.

 

Upon Early
Settlement of the Purchase Contracts, the rights of the Holders to receive and
the obligation of the Company to pay any Contract Adjustment Payments
(including any accrued and unpaid Contract Adjustment Payments) with respect to
such Purchase Contracts shall immediately and automatically terminate, except as
provided in Section 5.10(d).

 

(c)       Upon Early
Settlement of Purchase Contracts by a Holder of the related Units, the Company
shall issue, and the Holder shall be entitled to receive, a number of shares of
Common Stock (or in the case of an Early Settlement following a Reorganization
Event, a number of units of Exchange Property) equal to the Minimum Settlement
Rate for each Purchase Contract as to which Early Settlement is effected.

 

(d)       No later than
the third Business Day after the applicable Early Settlement Date, the Company
shall cause the shares of Common Stock issuable upon Early Settlement of
Purchase Contracts to be issued and delivered, together with payment in lieu of
any fraction of a share, as provided in Section 5.08.

 

(e)       Upon Early
Settlement of any Purchase Contracts, and subject to receipt of shares of
Common Stock from the Company and the Senior Notes, the Applicable Ownership
Interests in the Treasury Portfolio or Treasury Securities, as the case may be,
from the Securities Intermediary, as applicable, the Purchase Contract Agent
shall, in accordance with the instructions provided by the Holder thereof on
the applicable form of Election to Settle Early on the reverse of the
Certificate evidencing the related Units:

 

(i)    transfer
to the Holder the Senior Notes, the Applicable Ownership Interests in the
Treasury Portfolio or Treasury Securities, as the case may be, related to such
Units,

 

(ii)   deliver
to the Holder a certificate or certificates for the full number of shares of
Common Stock issuable upon such Early Settlement, together with payment in lieu
of any fraction of a share, as provided in Section 5.08, and

 

(iii) if
so required under the Securities Act, deliver a Prospectus for the shares of
Common Stock issuable upon such Early Settlement as contemplated by Section
5.07(a).

 

(f)       In the event
that Early Settlement is effected with respect to Purchase Contracts underlying
less than all the Units evidenced by a Certificate, upon such Early 

 

67

 

Settlement the Company shall execute and the Purchase Contract Agent
shall execute on behalf of the Holder, authenticate and deliver to the Holder
thereof, at the expense of the Company, a Certificate evidencing the Units as
to which Early Settlement was not effected.

 

Section 5.08.  No Fractional Shares.  No fractional shares or scrip
representing fractional shares of Common Stock shall be issued or delivered
upon settlement on the Purchase Contract Settlement Date, or upon Early
Settlement or Cash Merger Early Settlement of any Purchase Contracts.  If Certificates evidencing more than one
Purchase Contract shall be surrendered for settlement at one time by the same
Holder, the number of full shares of Common Stock which shall be delivered upon
settlement shall be computed on the basis of the aggregate number of Purchase
Contracts evidenced by the Certificates so surrendered.  Instead of any fractional share of Common
Stock which would otherwise be deliverable upon settlement of any Purchase
Contracts on the Purchase Contract Settlement Date, or upon Early Settlement or
Cash Merger Early Settlement, the Company, through the Purchase Contract Agent,
shall make a cash payment in respect of such fractional interest in an amount
equal to the percentage of such fractional share multiplied by the Applicable
Market Value calculated as if the date of such settlement were the Purchase
Contract Settlement Date.  The Company
shall provide the Purchase Contract Agent from time to time with sufficient
funds to permit the Purchase Contract Agent to make all cash payments required
by this Section 5.08 in a timely manner.

 

Section 5.09.  Charges and Taxes.  The Company will pay all stock
transfer and similar taxes attributable to the initial issuance and delivery of
the shares of Common Stock pursuant to the Purchase Contracts; provided,
however,
that the Company shall not be required to pay any such tax or taxes which may
be payable in respect of any exchange of or substitution for a Certificate
evidencing a Unit or any issuance of a share of Common Stock in a name other
than that of the registered Holder of a Certificate surrendered in respect of
the Units evidenced thereby, other than in the name of the Purchase Contract
Agent, as custodian for such Holder, and the Company shall not be required to
issue or deliver such share certificates or Certificates unless or until the
Person or Persons requesting the transfer or issuance thereof shall have paid
to the Company the amount of such tax or shall have established to the satisfaction
of the Company that such tax has been paid.

 

Section 5.10.  Contract Adjustment Payments.  (a) Subject to Section 5.10(d)
and Section 5.10(e) through (q), the Company shall pay, on each Payment Date,
the Contract Adjustment Payments payable in respect of each Purchase Contract
for the period from and including the immediately preceding Payment Date on
which Contract Adjustment Payments were paid (or if none, the Special Payment
Date) to but excluding such Payment Date to the Person in whose name a
Certificate is registered at the close of business on the Record Date relating
to such Payment Date.  Contract
Adjustment Payments on Global Certificates will be made by wire transfer of
immediately available funds to the Depositary. 
If the book-entry system for the Units has been terminated, the Contract
Adjustment Payments will be payable at the office of the Purchase Contract
Agent in the 

 

68

 

Borough of Manhattan, City of New York, New York maintained for that
purpose or, at the option of the Company, by check mailed to the address of the
Person entitled thereto at such Person’s address as it appears on the Security
Register as of the Record Date, or by wire transfer to the account designated
by such Person by a prior written notice to the Purchase Contract Agent.  If any Payment Date is not a Business Day,
then payment of the Contract Adjustment Payments payable on such date will be
made on the next succeeding day that is a Business Day (and without any
interest in respect of any such delay). 
Contract Adjustment Payments payable for any period will be computed on
the basis of a 360-day year of twelve 30-day months.  The Contract Adjustment Payments will accrue from (and including)
May [•],
2004 to (but excluding) the earliest of (1) the Purchase Contract Settlement
Date, (ii) the Payment Date immediately preceding any Early Settlement Date and
(iii) any Cash Merger Early Settlement Date.

 

In addition,
the Company shall pay on May [•], 2004 (the “Special Payment Date”), the
Contract Adjusted Payments accrued from and including May [•], 2004 to but excluding the Special
Payment Date to the Person in whose name a Certificate is registered at the
close of business on the Business Day immediately preceding the Special Payment
Date.  The Contract Adjustment Payments
payable on the Special Payment Date shall be paid by wire transfer to the
account designated by the Person entitled to receive such payment by prior
notice to the Company and the Purchase Contract Agent.

 

(b)       Upon the
occurrence of a Termination Event, the Company’s obligation to pay future
Contract Adjustment Payments (including any accrued Contract Adjustment
Payments) shall cease.

 

(c)       Each Certificate
delivered under this Agreement upon registration of transfer of or in exchange
for or in lieu of (including as a result of a Collateral Substitution or the
recreation of Corporate Units) any other Certificate shall carry the right to
accrued and unpaid Contract Adjustment Payments, which right was carried by the
Purchase Contracts underlying such other Certificates.

 

(d)       In the case of
any Unit with respect to which Early Settlement or Cash Merger Early Settlement
of the underlying Purchase Contract is effected on a date that is after any
Record Date and prior to or on the next succeeding Payment Date, Contract
Adjustment Payments otherwise payable on such Payment Date shall be payable on
such Payment Date notwithstanding such Early Settlement or Cash Merger Early
Settlement, and such Contract Adjustment Payments shall be paid to the Person
in whose name the Certificate evidencing such Unit is registered at the close
of business on such Record Date.  Except
as otherwise expressly provided in the immediately preceding sentence, and the
right to receive accrued and unpaid Contract Adjustment Payments as set forth
in Section 5.04(b)(ii), in the case of any Unit with respect to which Early
Settlement or Cash Merger Early Settlement of the underlying Purchase Contract
is effected, Contract Adjustment Payments that would otherwise be payable after
the Early Settlement or Cash Merger Early Settlement Date with respect to such
Purchase Contract shall not be payable.

 

69

 

(e)       The Company’s
obligations with respect to Contract Adjustment Payments will be subordinated
and junior in right of payment to the Company’s obligations under any Senior
Indebtedness as set forth in this Section 5.10.

 

(f)       In the event (x)
of any payment by, or distribution of assets of, the Company of any kind or
character, whether in cash, property or securities, to creditors upon any
dissolution, winding-up, liquidation or reorganization of the Company, whether
voluntary or involuntary or in bankruptcy, insolvency, receivership or other
proceedings, or (y) subject to the provisions of Section 5.10(h) below, that
(A) a default shall have occurred and be continuing with respect to the payment
of principal, interest or any other monetary amounts due and payable on any
Senior Indebtedness and such default shall have continued beyond the period of
grace, if any, specified in the instrument evidencing such Senior Indebtedness
(and the Purchase Contract Agent shall have received written notice thereof
from the Company or one or more holders of Senior Indebtedness or their
representative or representatives or the trustee or trustees under any
indenture pursuant to which any such Senior Indebtedness may have been issued),
or (B) the maturity of any Senior Indebtedness shall have been accelerated
because of a default in respect of such Senior Indebtedness (and the Purchase
Contract Agent shall have received written notice thereof from the Company or
one or more holders of Senior Indebtedness or their representative or
representatives or the trustee or trustees under any indenture pursuant to
which any such Senior Indebtedness may have been issued), then:

 

(i)    the
holders of all Senior Indebtedness shall first be entitled to receive, in the
case of clause (x) above, payment of all amounts due or to become due upon all
Senior Indebtedness and, in the case of subclauses (A) and (B) of clause (y)
above, payment of all amounts due thereon, or provision shall be made for such
payment in money or money’s worth, before the Holders of any of the Units are
entitled to receive any Contract Adjustment Payments on the Purchase Contracts
underlying the Units;

 

(ii)   any
payment by, or distribution of assets of, the Company of any kind or character,
whether in cash, property or securities, to which the Holders of any of the Units
would be entitled except for the provisions of Section 5.10(e) through (q),
including any such payment or distribution that may be payable or deliverable
by reason of the payment of any other indebtedness of the Company being
subordinated to the payment of such Contract Adjustment Payments on the
Purchase Contracts underlying the Units, shall be paid or delivered by the
Person making such payment or distribution, whether a trustee in bankruptcy, a
receiver or liquidating trustee or otherwise, directly to the representative or
representatives of the holders of Senior Indebtedness or to the trustee or
trustees under any indenture under which any instruments evidencing any of such
Senior Indebtedness may have been issued, ratably according to the aggregate
amounts remaining unpaid on account of such Senior Indebtedness held or
represented by each, to the extent necessary to make payment in full of all
Senior Indebtedness remaining unpaid after giving effect to any concurrent
payment or distribution (or provision therefor) 

 

70

 

to the holders of such Senior Indebtedness,
before any payment or distribution is made of such Contract Adjustment Payments
to the Holders of such Units; and

 

(iii) in
the event that, notwithstanding the foregoing, any payment by, or distribution
of assets of, the Company of any kind or character, whether in cash, property
or securities, including any such payment or distribution that may be payable
or deliverable by reason of the payment of any other indebtedness of the
Company being subordinated to the payment of Contract Adjustment Payments on
the Purchase Contracts underlying the Units, shall be received by the Purchase
Contract Agent or the Holders of any of the Units when such payment or
distribution is prohibited pursuant to Section 5.10(e) through (q), such
payment or distribution shall be paid over to the representative or
representatives of the holders of Senior Indebtedness or to the trustee or
trustees under any indenture pursuant to which any instruments evidencing any
such Senior Indebtedness may have been issued, ratably as aforesaid, for
application to the payment of all Senior Indebtedness remaining unpaid until
all such Senior Indebtedness shall have been paid in full, after giving effect
to any concurrent payment or distribution (or provision therefor) to the
holders of such Senior Indebtedness.

 

(g)      For purposes of
Section 5.10(e) through (q), the words “cash, property or securities” shall not
be deemed to include shares of stock of the Company as reorganized or
readjusted, or securities of the Company or any other Person provided for by a
plan of reorganization or readjustment, the payment of which is subordinated at
least to the extent provided in Section 5.10(e) through (q) with respect to
such Contract Adjustment Payments on the Units to the payment of all Senior
Indebtedness which may at the time be outstanding; provided that (i) the Senior
Indebtedness is assumed by the Person, if any, resulting from any such reorganization
or readjustment, and (ii) the rights of the holders of the Senior Indebtedness
are not, without the consent of each such holder adversely affected thereby,
altered by such reorganization or readjustment;

 

(h)      Any failure by
the Company to make any payment on or perform any other obligation under Senior
Indebtedness, other than any indebtedness incurred by the Company or assumed or
guaranteed, directly or indirectly, by the Company for money borrowed (or any
deferral, renewal, extension or refunding thereof) or any indebtedness or
obligation as to which the provisions of Section 5.10(e) through (q) shall have
been waived by the Company in the instrument or instruments by which the
Company incurred, assumed, guaranteed or otherwise created such indebtedness or
obligation, shall not be deemed a default or event of default if (i) the
Company shall be disputing its obligation to make such payment or perform such
obligation and (ii) either (A) no final judgment relating to such dispute shall
have been issued against the Company which is in full force and effect and is
not subject to further review, including a judgment that has become final by
reason of the expiration of the time within which a party may seek further
appeal or review, and (B) in the event a judgment that is subject to further
review or appeal has been issued, the Company shall in good faith be
prosecuting an appeal or other proceeding for review and a stay of execution
shall have been obtained pending such appeal or review.

 

71

 

(i)       Subject to the
irrevocable payment in full of all Senior Indebtedness, the Holders of the
Units shall be subrogated (equally and ratably with the holders of all
obligations of the Company which by their express terms are subordinated to
Senior Indebtedness of the Company to the same extent as payment of the
Contract Adjustment Payments in respect of the Purchase Contracts underlying
the Units is subordinated and which are entitled to like rights of subrogation)
to the rights of the holders of Senior Indebtedness to receive payments or
distributions of cash, property or securities of the Company applicable to the
Senior Indebtedness until all such Contract Adjustment Payments owing on the
Units shall be paid in full, and as between the Company, its creditors other
than holders of such Senior Indebtedness and the Holders, no such payment or
distribution made to the holders of Senior Indebtedness by virtue of Section
5.10(e) through (q) that otherwise would have been made to the Holders shall be
deemed to be a payment by the Company on account of such Senior Indebtedness,
it being understood that the provisions of Section 5.10(e) through (q) are and
are intended solely for the purpose of defining the relative rights of the Holders,
on the one hand, and the holders of Senior Indebtedness, on the other hand.

 

(j)       Nothing
contained in Section 5.10(e) through (q) or elsewhere in this Agreement or in
the Units is intended to or shall impair, as among the Company, its creditors
other than the holders of Senior Indebtedness and the Holders, the obligation
of the Company, which is absolute and unconditional, to pay to the Holders such
Contract Adjustment Payments on the Units as and when the same shall become due
and payable in accordance with their terms, or is intended to or shall affect
the relative rights of the Holders and creditors of the Company other than the
holders of Senior Indebtedness, nor shall anything herein or therein prevent
the Purchase Contract Agent or any Holder from exercising all remedies
otherwise permitted by applicable law upon default under this Agreement,
subject to the rights, if any, under Section 5.10(e) through (q), of the
holders of Senior Indebtedness in respect of cash, property or securities of the
Company received upon the exercise of any such remedy.

 

(k)      Upon payment or
distribution of assets of the Company referred to in Section 5.10(e) through
(q), the Purchase Contract Agent and the Holders shall be entitled to rely upon
any order or decree made by any court of competent jurisdiction in which any
such dissolution, winding up, liquidation or reorganization proceeding
affecting the affairs of the Company is pending or upon a certificate of the
trustee in bankruptcy, receiver, assignee for the benefit of creditors,
liquidating trustee or trustee or other person making any payment or
distribution, delivered to the Purchase Contract Agent or to the Holders, for
the purpose of ascertaining the Persons entitled to participate in such payment
or distribution, the holders of Senior Indebtedness and other indebtedness of
the Company, the amount thereof or payable thereon, the amount or amounts paid
or distributed thereon and all other facts pertinent thereto or to these
Section 5.10(e) through (q).

 

(l)       The Purchase
Contract Agent shall be entitled to rely on the delivery to it of a written
notice by a Person representing himself to be a holder of Senior Indebtedness
(or a trustee or representative on behalf of such holder) to establish that
such notice has been 

 

72

 

given by a holder of Senior Indebtedness or a trustee or representative
on behalf of any such holder or holders. In the event that the Purchase
Contract Agent determines in good faith that further evidence is required with
respect to the right of any Person as a holder of Senior Indebtedness to
participate in any payment or distribution pursuant to Section 5.10(e) through
(q), the Purchase Contract Agent may request such Person to furnish evidence to
the reasonable satisfaction of the Purchase Contract Agent as to the amount of
Senior Indebtedness held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts
pertinent to the rights of such Person under Section 5.10(e) through (q), and,
if such evidence is not furnished, the Purchase Contract Agent may defer
payment to such Person pending judicial determination as to the right of such
Person to receive such payment.

 

(m)     Nothing contained
in Section 5.10(e) through (q) shall affect the obligations of the Company to
make, or prevent the Company from making, payment of the Contract Adjustment
Payments, except as otherwise provided in these Section 5.10(e) through (q).

 

(n)      Each Holder, by
its acceptance thereof, authorizes and directs the Purchase Contract Agent on
its behalf to take such action as may be necessary or appropriate to effectuate
the subordination provided in Section 5.10(e) through (q) and appoints the
Purchase Contract Agent as its attorney-in-fact for any and all such purposes.

 

(o)       The Company
shall give prompt written notice to the Purchase Contract Agent of any fact
known to the Company that would prohibit the making of any payment of moneys to
or by the Purchase Contract Agent in respect of the Units pursuant to the
provisions of this Section. Notwithstanding the provisions of Section 5.10(e)
through (q) or any other provisions of this Agreement, the Purchase Contract
Agent shall not be charged with knowledge of the existence of any facts that
would prohibit the making of any payment of moneys to or by the Purchase
Contract Agent, or the taking of any other action by the Purchase Contract
Agent, unless and until the Purchase Contract Agent shall have received written
notice thereof mailed or delivered to the Purchase Contract Agent at its
Corporate Trust Office from the Company, any Holder, or the holder or
representative of any Senior Indebtedness; provided that if at least two Business
Days prior to the date upon which by the terms hereof any such moneys may
become payable for any purpose, the Purchase Contract Agent shall not have
received with respect to such moneys the notice provided for in this Section,
then, anything herein contained to the contrary notwithstanding, the Purchase
Contract Agent shall have full power and authority to receive such moneys and
to apply the same to the purpose for which they were received and shall not be
affected by any notice to the contrary that may be received by it within two
Business Days prior to or on or after such date.

 

(p)       The Purchase
Contract Agent in its individual capacity shall be entitled to all the rights
set forth in this Section 5.10 with respect to any Senior Indebtedness at the
time held by it, to the same extent as any other holder of Senior Indebtedness
and nothing in this Agreement shall deprive the Purchase Contract Agent of any
of its rights as such holder.

 

73

 

(q)       No right of any
present or future holder of any Senior Indebtedness to enforce the
subordination herein shall at any time or in any way be prejudiced or impaired
by any act or failure to act on the part of the Company or by any noncompliance
by the Company with the terms, provisions and covenants of this Agreement,
regardless of any knowledge thereof which any such holder may have or be
otherwise charged with.

 

(r)       Nothing in this
Section 5.10 shall apply to claims of, or payments to, the Purchase Contract
Agent under or pursuant to Section 7.07.

 

(s)       With respect to
the holders of Senior Indebtedness, (i) the duties and obligations of the
Purchase Contract Agent shall be determined solely by the express provisions of
this Agreement; (ii) the Purchase Contract Agent shall not be liable to any
such holders if it shall, acting in good faith, mistakenly pay over or
distribute to the Holders or to the Company or any other Person cash, property
or securities to which any holders of Senior Indebtedness shall be entitled by
virtue of this Section 5.10 or otherwise; (iii) no implied covenants or
obligations shall be read into this Agreement against the Purchase Contract
Agent; and (iv) the Purchase Contract Agent shall not be deemed to be a
fiduciary as to holders of such Senior Indebtedness.

 

ARTICLE 6

RIGHTS AND REMEDIES OF HOLDERS

 

Section 6.01.  Unconditional Right of Holders to Receive
Contract Adjustment Payments and To Purchase Shares of Common Stock.  Each Holder of a Unit shall have
the right, which is absolute and unconditional, (i) subject to Article 5, to
receive each Contract Adjustment Payment with respect to the Purchase Contract
comprising part of such Unit on the respective Payment Date for such Unit
pursuant to the terms hereof and (ii) except upon and following a Termination
Event, to purchase shares of Common Stock pursuant to such Purchase Contract
and, in each such case, to institute suit for the enforcement of any such right
to receive Contract Adjustment Payments and the right to purchase shares of
Common Stock, and such rights shall not be impaired without the consent of such
Holder.

 

Section 6.02.  Restoration of Rights and Remedies.  If any Holder has instituted any
proceeding to enforce any right or remedy under this Agreement and such
proceeding has been discontinued or abandoned for any reason, or has been
determined adversely to such Holder, then and in every such case, subject to
any determination in such proceeding, the Company and such Holder shall be
restored severally and respectively to their former positions hereunder, and
thereafter all rights and remedies of such Holder shall continue as though no
such proceeding had been instituted.

 

Section 6.03.  Rights and Remedies Cumulative.  Except as otherwise provided with
respect to the replacement or payment of mutilated, destroyed, lost or stolen
Certificates in the last paragraph of Section 3.10, no right or remedy herein
conferred upon or reserved to the Holders is intended to be exclusive of any
other right or remedy, and every right and remedy shall, to the extent
permitted by law, be cumulative and in addition 

 

74

 

to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall
not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

 

Section 6.04.  Delay or Omission Not Waiver.  No delay or omission of any
Holder to exercise any right upon a default or remedy upon a default shall
impair any such right or remedy or constitute a waiver of any such right.  Every right and remedy given by this Article
6 or by law to the Holders may be exercised from time to time, and as often as
may be deemed expedient, by such Holders.

 

Section 6.05.  Undertaking for Costs.  All parties to this Agreement
agree, and each Holder of a Unit, by its acceptance of such Unit shall be
deemed to have agreed, that any court of competent jurisdiction may in its
discretion require, in any suit for the enforcement of any right or remedy
under this Agreement, or in any suit against the Purchase Contract Agent for
any action taken, suffered or omitted by it as Purchase Contract Agent, the
filing by any party litigant in such suit of an undertaking to pay the costs of
such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees and costs against any party litigant in
such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; provided that the provisions of this
Section shall not apply to any suit instituted by the Purchase Contract Agent,
to any suit instituted by any Holder, or group of Holders, holding in the
aggregate more than 10% of the Outstanding Units, or to any suit instituted by
any Holder for the enforcement of interest on any Senior Notes owed pursuant to
such Holder’s Applicable Ownership Interests in Senior Notes or Contract
Adjustment Payments on or after the respective Payment Date therefor in respect
of any Unit held by such Holder, or for enforcement of the right to purchase
shares of Common Stock under the Purchase Contracts constituting part of any
Unit held by such Holder.

 

Section 6.06.  Waiver of Stay or Extension Laws.  The Company covenants (to the
extent that it may lawfully do so) that it will not at any time insist upon, or
plead, or in any manner whatsoever claim or take the benefit or advantage of,
any stay or extension law wherever enacted, now or at any time hereafter in
force, that may affect the covenants or the performance of this Agreement; and
the Company (to the extent that it may lawfully do so) hereby expressly waives
all benefit or advantage of any such law and covenants that it will not hinder,
delay or impede the execution of any power herein granted to the Purchase
Contract Agent or the Holders, but will suffer and permit the execution of
every such power as though no such law had been enacted.

 

ARTICLE 7

THE PURCHASE CONTRACT AGENT

 

Section 7.01.  Certain Duties and Responsibilities.

 

(a)       The Purchase
Contract Agent:

 

75

 

(i)    undertakes
to perform, with respect to the Units, such duties and only such duties as are
specifically set forth in this Agreement and the Remarketing Agreement to be
performed by the Purchase Contract Agent and no implied covenants or
obligations shall be read into this Agreement or the Remarketing Agreement
against the Purchase Contract Agent; and

 

(ii)   in
the absence of bad faith on its part, may, with respect to the Units,
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon certificates or opinions furnished to the
Purchase Contract Agent and conforming to the requirements of this Agreement or
the Remarketing Agreement, as applicable, but in the case of any certificates
or opinions which by any provision hereof are specifically required to be
furnished to the Purchase Contract Agent, the Purchase Contract Agent shall be
under a duty to examine the same to determine whether or not they conform to
the requirements of this Agreement or the Remarketing Agreement, as applicable
(but need not confirm or investigate the accuracy of the mathematical
calculations or other facts stated therein).

 

(b)       No provision of
this Agreement or the Remarketing Agreement shall be construed to relieve the
Purchase Contract Agent from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

 

(i)    this
Section 7.01(b) shall not be construed to limit the effect of Section 7.01(a);

 

(ii)   the
Purchase Contract Agent shall not be liable for any error of judgment made in
good faith by a Responsible Officer, unless it shall be conclusively determined
by a court of competent jurisdiction that the Purchase Contract Agent was
negligent in ascertaining the pertinent facts; and

 

(iii) no
provision of this Agreement or the Remarketing Agreement shall require the
Purchase Contract Agent to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in
the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it.

 

(c)       Whether or not
therein expressly so provided, every provision of this Agreement and the
Remarketing Agreement relating to the conduct or affecting the liability of or
affording protection to the Purchase Contract Agent shall be subject to the
provisions of this Section.

 

(d)       The Purchase
Contract Agent is authorized to execute and deliver the Remarketing Agreement
in its capacity as Purchase Contract Agent.

 

76

 

Section 7.02.  Notice of Default.  Within 30 days after the occurrence of any default by
the Company hereunder of which a Responsible Officer of the Purchase Contract
Agent has actual knowledge, the Purchase Contract Agent shall transmit by mail to
the Company and the Holders, as their names and addresses appear in the
Security Register, notice of such default hereunder, unless such default shall
have been cured or waived.

 

Section 7.03.  Certain Rights of Purchase Contract Agent.

 

Subject to the
provisions of Section 7.01:

 

(a)       the Purchase
Contract Agent may, in the absence of bad faith, conclusively rely and shall be
fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or parties;

 

(b)       any request or
direction of the Company mentioned herein shall be sufficiently evidenced by an
Officers’ Certificate, Issuer Order or Issuer Request, and any resolution of
the Board of Directors of the Company may be sufficiently evidenced by a Board
Resolution;

 

(c)       whenever in the
administration of this Agreement or the Remarketing Agreement the Purchase
Contract Agent shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting to take any action hereunder or
thereunder, the Purchase Contract Agent (unless other evidence be herein
specifically prescribed in this Agreement) may, in the absence of bad faith on
its part, conclusively rely upon an Officers’ Certificate of the Company;

 

(d)       the Purchase
Contract Agent may consult with counsel of its selection and the advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by it hereunder
in good faith and in reliance thereon;

 

(e)       the Purchase
Contract Agent shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, bond, debenture, note,
other evidence of indebtedness or other paper or document, but the Purchase
Contract Agent, in its discretion, may make reasonable further inquiry or
investigation into such facts or matters related to the execution, delivery and
performance of the Purchase Contracts as it may see fit, and, if the Purchase
Contract Agent shall determine to make such further inquiry or investigation,
it shall be entitled to examine the relevant books, records and premises of the
Company, personally or by agent or attorney;

 

77

 

(f)       the Purchase
Contract Agent may execute any of the powers hereunder or perform any duties
hereunder either directly or by or through agents, attorneys, custodians or
nominees or an Affiliate of the Purchase Contract Agent and the Purchase
Contract Agent shall not be responsible for any misconduct or negligence on the
part of any agent, attorney, custodian or nominee or an Affiliate appointed
with due care by it hereunder;

 

(g)      the Purchase
Contract Agent shall be under no obligation to exercise any of the rights or
powers vested in it by this Agreement at the request or direction of any of the
Holders pursuant to this Agreement, unless such Holders shall have offered to
the Purchase Contract Agent security or indemnity satisfactory to the Purchase
Contract Agent against the costs, expenses and liabilities which might be
incurred by it in compliance with such request or direction;

 

(h)      the Purchase
Contract Agent shall not be liable for any action taken, suffered, or omitted
to be taken by it in the absence of bad faith or negligence by it and believed
by it to be authorized and within the discretion or rights or powers conferred
upon it by this Agreement;

 

(i)       the Purchase
Contract Agent shall not be deemed to have notice of any adjustment to each
Fixed Settlement Rate, the occurrence of a Termination Event or any default
hereunder unless a Responsible Officer of the Purchase Contract Agent has
actual knowledge thereof or unless written notice of any event which is in fact
such a default is received by a Responsible Offer at the Corporate Trust Office
of the Purchase Contract Agent, and such notice references the Units or this
Agreement;

 

(j)       the Purchase
Contract Agent may request that the Company deliver an Officers’ Certificate
setting forth the names of individuals and/or titles of officers authorized at
such time to take specified actions pursuant to this Agreement, which Officers’
Certificate may be signed by any person authorized to sign an Officers’
Certificate, including any person specified as so authorized in any such
certificate previously delivered and not superseded;

 

(k)      the rights,
privileges, protections, immunities and benefits given to the Purchase Contract
Agent, including, without limitation, its right to be indemnified, are extended
to, and shall be enforceable by, the Purchase Contract Agent in each of its
capacities hereunder, and to each officer, director, employee of the Purchase
Contract Agent and each agent, custodian and other Person employed, in any
capacity whatsoever, by the Purchase Contract Agent to act hereunder and shall
survive the resignation or removal of the Purchase Contract Agent and the
termination of this Agreement; and

 

(l)       the Purchase
Contract Agent shall not be required to initiate or conduct any litigation or
collection proceedings hereunder and shall have no responsibilities with
respect to any default hereunder except as expressly set forth herein.

 

78

 

Section 7.04.  Not Responsible for Recitals or Issuance of
Units.  The recitals
contained herein, in the Remarketing Agreement and in the Certificates shall be
taken as the statements of the Company, and the Purchase Contract Agent assumes
no responsibility for their accuracy or validity.  The Purchase Contract Agent makes no representations as to the
validity or sufficiency of either this Agreement or of the Units or the Pledge
or the Collateral or the Remarketing Agreement and shall have no responsibility
for perfecting or maintaining the perfection of any security interest in the
Collateral. The Purchase Contract Agent shall not be accountable for the use or
application by the Company of the proceeds in respect of the Purchase
Contracts.

 

Section 7.05.  May Hold Units.  Any Security Registrar or any other agent of the
Company, or the Purchase Contract Agent and its Affiliates, in their individual
or any other capacity, may become the owner or pledgee of Units and may
otherwise deal with the Company, the Collateral Agent or any other Person with the
same rights it would have if it were not Security Registrar or such other
agent, or the Purchase Contract Agent. 
The Company may become the owner or pledgee of Units.

 

Section 7.06.  Money Held in Custody.  Money held by the Purchase
Contract Agent in custody hereunder need not be segregated from the Purchase
Contract Agent’s other funds except to the extent required by law or provided
herein.  The Purchase Contract Agent
shall be under no obligation to invest or pay interest on any money received by
it hereunder except as otherwise provided hereunder or agreed in writing with
the Company.

 

Section 7.07.  Compensation and Reimbursement.

 

The Company
agrees:

 

(a)       to pay to the
Purchase Contract Agent compensation for all services rendered by it hereunder
and under the Remarketing Agreement as the Company and the Purchase Contract
Agent shall from time to time agree in writing;

 

(b)       except as
otherwise expressly provided for herein, to reimburse the Purchase Contract
Agent upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Purchase Contract Agent in accordance with any
provision of this Agreement and the Remarketing Agreement (including the
reasonable compensation and the expenses and disbursements of its agents and
counsel) in connection with the negotiation, preparation, execution and
delivery and performance of this Agreement and the Remarketing Agreement and
any modification, supplement or waiver of any of the terms thereof, except any
such expense, disbursement or advance as may be attributable to its negligence,
willful misconduct or bad faith; and

 

(c)       to indemnify the
Purchase Contract Agent and any predecessor Purchase Contract Agent and each of
its directors, officers, agents and employees (collectively, with the Purchase
Contract Agent, the “Indemnitees”) for, and to hold each
Indemnitee harmless against, any loss, claim, damage, fine, penalty, liability
or expense (including 

 

79

 

reasonable fees and expenses of counsel) incurred without negligence,
willful misconduct or bad faith on its part, arising out of or in connection
with the acceptance or administration of its duties hereunder and the
Remarketing Agreement, including the Indemnitees’ reasonable costs and expenses
of defending themselves against any claim (whether asserted by the Company, a
Holder or any other Person) or liability in connection with the exercise or
performance of any of the Purchase Contract Agent’s powers or duties hereunder
or thereunder.

 

The provisions
of this Section shall survive the resignation and removal of the Purchase
Contract Agent the satisfaction or discharge of the Units and the Purchase
Contracts and the termination of this Agreement.

 

Section 7.08.  Corporate Purchase Contract Agent Required;
Eligibility.  There shall at
all times be a Purchase Contract Agent hereunder which shall be a Person
organized and doing business under the laws of the United States of America,
any State thereof or the District of Columbia, authorized under such laws to
exercise corporate trust powers, having (or being a member of a bank holding
company having) a combined capital and surplus of at least $50,000,000, subject
to supervision or examination by Federal or State authority and having a corporate
trust office in the Borough of Manhattan, New York City, if there be such a
Person in the Borough of Manhattan, New York City, qualified and eligible under
this Article and willing to act on reasonable terms.  If such Person publishes or files reports of condition at least
annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined
capital and surplus of such Person shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published or
filed.  If at any time the Purchase
Contract Agent shall cease to be eligible in accordance with the provisions of
this Section, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article.

 

Section 7.09.  Resignation and Removal; Appointment of
Successor.  (a)  No
resignation or removal of the Purchase Contract Agent and no appointment of a
successor Purchase Contract Agent pursuant to this Article shall become
effective until the acceptance of appointment by the successor Purchase
Contract Agent in accordance with the applicable requirements of Section 7.10.

 

(b)       The Purchase
Contract Agent may resign at any time by giving written notice thereof to the
Company 60 days prior to the effective date of such resignation.  If the instrument of acceptance by a
successor Purchase Contract Agent required by Section 7.10 shall not have been
delivered to the Purchase Contract Agent within 30 days after the giving of
such notice of resignation, the resigning Purchase Contract Agent may petition,
at the expense of the Company, any court of competent jurisdiction for the
appointment of a successor Purchase Contract Agent.

 

(c)       The Purchase
Contract Agent may be removed at any time by Act of the Holders of a majority
in number of the Outstanding Units delivered to the Purchase 

 

80

 

Contract Agent and the Company.  If the instrument of acceptance by a
successor Purchase Contract Agent required by Section 7.10 shall not have been
delivered to the Purchase Contract Agent within 30 days after such Act, the
Purchase Contract Agent being removed may petition any court of competent
jurisdiction for the appointment of a successor Purchase Contract Agent.

 

(d)       If at any time:

 

(i)    the
Purchase Contract Agent fails to comply with Section 310(b) of the TIA, as if
the Purchase Contract Agent were an indenture trustee under an indenture
qualified under the TIA, and shall fail to resign after written request
therefor by the Company or by any Holder who has been a bona fide Holder of a
Unit for at least six months;

 

(ii)   the
Purchase Contract Agent shall cease to be eligible under Section 7.08 and shall
fail to resign after written request therefor by the Company or by any such
Holder; or

 

(iii) the
Purchase Contract Agent shall become incapable of acting or shall be adjudged a
bankrupt or insolvent or a receiver of the Purchase Contract Agent or of its
property shall be appointed or any public officer shall take charge or control
of the Purchase Contract Agent or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation,

 

then, in any
such case, (i) the Company by a Board Resolution may remove the Purchase
Contract Agent, or (ii) any Holder who has been a bona fide Holder of a Unit
for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the
Purchase Contract Agent and the appointment of a successor Purchase Contract
Agent.

 

(e)       If the Purchase
Contract Agent shall resign, be removed or become incapable of acting, or if a
vacancy shall occur in the office of Purchase Contract Agent for any cause, the
Company, by a Board Resolution, shall promptly appoint a successor Purchase
Contract Agent and shall comply with the applicable requirements of Section
7.10.  If no successor Purchase Contract
Agent shall have been so appointed by the Company and accepted appointment in
the manner required by Section 7.10, any Holder who has been a bona fide Holder
of a Unit for at least six months, on behalf of itself and all others similarly
situated, or the Purchase Contract Agent may petition, at the expense of the
Company,  any court of competent
jurisdiction for the appointment of a successor Purchase Contract Agent.

 

(f)       The Company
shall give, or shall cause such successor Purchase Contract Agent to give,
notice of each resignation and each removal of the Purchase Contract Agent and
each appointment of a successor Purchase Contract Agent by mailing written
notice of such event by first-class mail, postage prepaid, to all Holders as
their names and addresses 

 

81

 

appear in the applicable Security Register.
Each notice shall include the name of the successor Purchase Contract Agent and
the address of its Corporate Trust Office.

 

Section 7.10.  Acceptance of Appointment by Successor.  (a) In case of the appointment
hereunder of a successor Purchase Contract Agent, every such successor Purchase
Contract Agent so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Purchase Contract Agent an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Purchase Contract Agent shall become effective and such successor Purchase
Contract Agent, without any further act, deed or conveyance, shall become
vested with all the rights, powers, agencies and duties of the retiring Purchase
Contract Agent; but, on the request of the Company or the successor Purchase
Contract Agent, such retiring Purchase Contract Agent shall, upon payment of
its charges, execute and deliver an instrument transferring to such successor
Purchase Contract Agent all the rights, powers and trusts of the retiring
Purchase Contract Agent and duly assign, transfer and deliver to such successor
Purchase Contract Agent all property and money held by such retiring Purchase
Contract Agent hereunder.

 

(b)       Upon request of
any such successor Purchase Contract Agent, the Company shall execute any and
all instruments for more fully and certainly vesting in and confirming to such
successor Purchase Contract Agent all such rights, powers and agencies referred
to in clause (a) of this Section 7.10.

 

(c)       No successor
Purchase Contract Agent shall accept its appointment unless at the time of such
acceptance such successor Purchase Contract Agent shall be qualified and
eligible under this Article 7.

 

Section 7.11.  Merger, Conversion, Consolidation or
Succession to Business.  Any
Person into which the Purchase Contract Agent may be merged or converted or
with which it may be consolidated, or any Person resulting from any merger,
conversion or consolidation to which the Purchase Contract Agent shall be a
party, or any Person succeeding to all or substantially all the corporate trust
business of the Purchase Contract Agent, shall be the successor of the Purchase
Contract Agent hereunder, provided that such Person shall be
otherwise qualified and eligible under this Article, without the execution or
filing of any paper or any further act on the part of any of the parties
hereto.  In case any Certificates shall
have been authenticated and executed on behalf of the Holders, but not delivered,
by the Purchase Contract Agent then in office, any successor by merger,
conversion or consolidation to such Purchase Contract Agent may adopt such
authentication and execution and deliver the Certificates so authenticated and
executed with the same effect as if such successor Purchase Contract Agent had
itself authenticated and executed such Units.

 

Section 7.12.  Preservation of Information; Communications
to Holders.  (a) The Purchase
Contract Agent shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders received by the Purchase
Contract Agent in its capacity as Security Registrar.

 

82

 

(b)       If three or more
Holders (herein referred to as “Applicants”) apply in writing to the
Purchase Contract Agent, and furnish to the Purchase Contract Agent reasonable
proof that each such Applicant has owned a Unit for a period of at least six
months preceding the date of such application, and such application states that
the Applicants desire to communicate with other Holders with respect to their
rights under this Agreement or under the Units and is accompanied by a copy of
the form of proxy or other communication which such Applicants propose to
transmit, then the Purchase Contract Agent shall mail to all the Holders copies
of the form of proxy or other communication which is specified in such request,
with reasonable promptness after a tender to the Purchase Contract Agent of the
materials to be mailed and of payment, or provision for the payment, of the
reasonable expenses of such mailing.

 

Section 7.13.  No Obligations of Purchase Contract
Agent.  Except to the extent
otherwise expressly provided in this Agreement, the Purchase Contract Agent
assumes no obligations and shall not be subject to any liability under this
Agreement, the Remarketing Agreement or any Purchase Contract in respect of the
obligations of the Holder of any Unit thereunder.  The Company agrees, and each Holder of a Certificate, by its
acceptance thereof, shall be deemed to have agreed, that the Purchase Contract
Agent’s execution of the Certificates on behalf of the Holders shall be solely
as agent and attorney-in-fact for the Holders, and that the Purchase Contract
Agent shall have no obligation to perform such Purchase Contracts on behalf of
the Holders, except to the extent expressly provided in Article Five
hereof.  Anything contained in this
Agreement to the contrary notwithstanding, in no event shall the Purchase
Contract Agent or its officers, directors, employees or agents be liable under
this Agreement or the Remarketing Agreement for (i) indirect, incidental,
special, punitive, or consequential loss or damage of any kind whatsoever,
including lost profits, whether or not the likelihood of such loss or damage
was known to the Purchase Contract Agent and regardless of the form of action
or (ii) any failure or delay in the performance of its obligations under this
Agreement arising out of or caused directly or indirectly, by acts of God;
earthquake; fires; floods; wars; civil or military disturbances; terrorist
acts; sabotage; epidemics; riots; interruptions, loss or malfunctions of
utilities; accidents; labor disputes; or acts of civil or military authority or
governmental actions; it being understood that the Purchase Contract Agent
shall use reasonable efforts which are consistent with accepted practices in
the banking industry to resume performance as soon as practicable under such
circumstances.

 

Section 7.14.  Tax Compliance.  (a) The Purchase Contract Agent, on its own behalf and
on behalf of the Company, will comply with all applicable certification,
information reporting and withholding (including “backup” withholding)
requirements imposed by applicable tax laws, regulations or administrative practice
with respect to (i) any payments made with respect to the Units or (ii) the
issuance, delivery, holding, transfer, redemption or exercise of rights under
the Units.  Such compliance shall
include, without limitation, the preparation and timely filing of required
returns and the timely payment of all amounts required to be withheld to the
appropriate taxing authority or its designated agent.

 

83

 

(b)       The Purchase
Contract Agent shall comply in accordance with the terms hereof with any
reasonable written direction received from the Company with respect to the
execution or certification of any required documentation and the application of
such requirements to particular payments or Holders or in other particular
circumstances, and may for purposes of this Agreement conclusively rely on any
such direction in accordance with the provisions of Section 7.01(a) hereof.

 

(c)       The Purchase
Contract Agent shall maintain all appropriate records documenting compliance
with such requirements, and shall make such records available, on written
request, to the Company or its authorized representative within a reasonable
period of time after receipt of such request.

 

ARTICLE 8

SUPPLEMENTAL AGREEMENTS

 

Section 8.01.  Supplemental Agreements without Consent of
Holders.  Without the consent
of any Holders, the Company, when authorized by a Board Resolution, the
Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the
Securities Intermediary at any time and from time to time, may enter into one
or more agreements supplemental hereto, in form satisfactory to the Company and
the Purchase Contract Agent, to:

 

(a)       evidence the
succession of another Person to the Company, and the assumption by any such
successor of the covenants of the Company herein and in the Certificates;

 

(b)       evidence and
provide for the acceptance of appointment hereunder by a successor Purchase
Contract Agent, Collateral Agent, Securities Intermediary or Custodial Agent;

 

(c)       add to the
covenants of the Company for the benefit of the Holders, or surrender any right
or power herein conferred upon the Company;

 

(d)       make provision
with respect to the rights of Holders pursuant to the requirements of Section
5.04(b); or

 

(e)       except as
provided for in Section 5.04, cure any ambiguity, to correct or supplement any
provisions herein that may be inconsistent with any other provision herein, or
to make such other provisions in regard to matters or questions arising under
this Agreement that do not adversely affect the interests of any Holders, provided
that any amendment made solely to conform the provisions of this Agreement to
the description of the Units and the Purchase Contracts contained in the Units
Prospectus will not be deemed to adversely affect the interests of the Holders.

 

84

 

Section 8.02.  Supplemental Agreements with Consent of
Holders.  With the consent of
the Holders of not less than a majority of the Outstanding Units voting
together as one class, including without limitation the consent of the Holders
obtained in connection with a tender or an exchange offer, by Act of said
Holders delivered to the Company, the Purchase Contract Agent, the Company, the
Collateral Agent, the Securities Intermediary and the Custodial Agent, as the
case may be, when authorized by a Board Resolution, and the Purchase Contract
Agent may enter into an agreement or agreements supplemental hereto for the
purpose of modifying in any manner the terms of the Purchase Contracts, or the
provisions of this Agreement or the rights of the Holders in respect of the
Units; provided,
however, that, except as contemplated herein, no such supplemental
agreement shall, without the consent of the Holder of each outstanding Purchase
Contract affected thereby,

 

(a)       change any
Payment Date;

 

(b)       change the
amount or the type of Collateral required to be Pledged to secure a Holder’s
obligations under the Purchase Contract (except for the rights of holders of
Corporate Units to substitute Treasury Securities for the Pledged Applicable
Ownership Interests in Senior Notes or the Pledged Applicable Ownership
Interests in the Treasury Portfolio, as the case may be, or the rights of
Holders of Treasury Units to substitute Senior Notes or the Applicable
Ownership Interests in the Treasury Portfolio (as specified in clause (i) of
the definition of such term), as applicable, for the Pledged Treasury
Securities), impair the right of the Holder of any Purchase Contract to receive
distributions on the related Collateral or otherwise adversely affect the
Holder’s rights in or to such Collateral;

 

(c)       impair the
Holders’ right to institute suit for the enforcement of any Purchase Contract
or any Contract Adjustment Payments;

 

(d)       except as set
forth in Section 5.04, reduce the number of shares of Common Stock or the
amount of any other property to be purchased pursuant to any Purchase Contract,
increase the price to purchase shares of Common Stock or any other property
upon settlement of any Purchase Contract or change the Purchase Contract
Settlement Date or the right to Early Settlement or Cash Merger Early
Settlement or otherwise adversely affect the Holder’s rights under the Purchase
Contract in any material respect;

 

(e)       reduce any
Contract Adjustment Payments or change any place where, or the coin or currency
in which, any Contract Adjustment Payment is payable; or

 

(f)       reduce the
percentage of the outstanding Purchase Contracts whose Holder’s consent is
required for any modification or amendment to the provisions of this Agreement
or the Purchase Contracts;

 

provided that if any
amendment or proposal referred to above would adversely affect only the
Corporate Units or the Treasury Units, then only the affected class of Holders
as of the 

 

85

 

record date
for the Holders entitled to vote thereon will be entitled to vote on such
amendment or proposal, and such amendment or proposal shall not be effective
except with the consent of Holders of not less than a majority of such class;
and provided, further,
that the unanimous consent of the Holders of each outstanding Purchase Contract
of such class affected thereby shall be required to approve any amendment or
proposal specified in clauses (a) through (f) of this Section 8.02.

 

It shall not
be necessary for any Act of Holders under this Section to approve the
particular form of any proposed supplemental agreement, but it shall be
sufficient if such Act shall approve the substance thereof.

 

Section 8.03.  Execution of Supplemental Agreements.  In executing, or accepting the
additional agencies created by any supplemental agreement permitted by this
Article or the modifications thereby of the agencies created by this Agreement,
the Purchase Contract Agent, the Collateral Agent, the Securities Intermediary
and the Custodial Agent shall be protected, and (subject to Section 7.01 with
respect to the Purchase Contract Agent) shall be fully authorized and protected
in relying upon, an Officers’ Certificate and an Opinion of Counsel stating
that the execution of such supplemental agreement is authorized or permitted by
this Agreement and that any and all conditions precedent to the execution and
delivery of such supplemental agreement have been satisfied.  The Purchase Contract Agent, the Collateral
Agent, the Securities Intermediary and the Custodial Agent may, but shall not
be obligated to, enter into any such supplemental agreement which affects their
own rights, duties or immunities under this Agreement or otherwise.

 

Section 8.04.  Effect of Supplemental Agreements.  Upon the execution of any
supplemental agreement under this Article, this Agreement shall be modified in
accordance therewith, and such supplemental agreement shall form a part of this
Agreement for all purposes; and every Holder of Certificates theretofore or
thereafter authenticated, executed on behalf of the Holders and delivered
hereunder, shall be bound thereby.

 

Section 8.05.  Reference to Supplemental Agreements.  Certificates authenticated,
executed on behalf of the Holders and delivered after the execution of any
supplemental agreement pursuant to this Article may, and shall if required by
the Purchase Contract Agent, bear a notation in form approved by the Purchase
Contract Agent as to any matter provided for in such supplemental
agreement.  If the Company shall so
determine, new Certificates so modified as to conform, in the opinion of the
Purchase Contract Agent and the Company, to any such supplemental agreement may
be prepared and executed by the Company and authenticated, executed on behalf
of the Holders and delivered by the Purchase Contract Agent in exchange for
outstanding Certificates.

 

ARTICLE 9

CONSOLIDATION, MERGER, CONVEYANCE,
TRANSFER OR LEASE

 

Section 9.01.  Covenant Not To Consolidate, Merge, Convey,
Transfer or Lease Property except under Certain Conditions.  The Company covenants that it
will not merge 

 

86

 

or consolidate with any other Person or sell,
convey, transfer, or otherwise dispose of all or substantially all of its
assets to any other Person, unless:

 

(a)       either the
Company shall be the continuing corporation, or the successor Person (if other
than the Company) shall be a corporation or limited liability company organized
and existing under the laws of the United States of America or a state thereof
or the District of Columbia and such corporation or limited liability company,
as the case may be, shall expressly assume the due and punctual performance and
observance of all the obligations of the Company under the Purchase Contracts,
this Agreement (including the Pledge provided for herein), the Indenture
(including any supplement thereto) and the Remarketing Agreement by one or more
supplemental agreements in form reasonably satisfactory to the Purchase
Contract Agent and the Collateral Agent, executed and delivered to the Purchase
Contract Agent and the Collateral Agent by such corporation or limited
liability company, as the case may be; and

 

(b)       the Company or
such successor corporation or limited liability company, as the case may be,
shall not, immediately after such merger or consolidation, or such sale,
conveyance or other disposition, be in default of payment obligations under the
Purchase Contracts, this Agreement, the Indenture (including any supplement
thereto) or the Remarketing Agreement or in material default in the performance
of any other covenants under any of the foregoing agreements.  In the event of any such sale, conveyance
(other than by way of lease), transfer or other disposition, the predecessor
company may be dissolved, wound up and liquidated at any time thereafter.

 

Section 9.02.  Rights and Duties of Successor
Corporation.  In case of any
such merger, consolidation, sale, conveyance (other than by way of lease),
transfer, or disposition and upon any such assumption by a successor Person in
accordance with Section 9.01, such successor corporation or limited liability
company shall succeed to and be substituted for the Company with the same
effect as if it had been named herein as the Company, and the Company shall be
relieved of any for their obligations under this Agreement and under the
Units.  Such successor corporation or
limited liability company thereupon may cause to be signed, and may issue either
in its own name or in the name of Genworth Financial, Inc. any or all of the
Certificates evidencing Units issuable hereunder which theretofore shall not
have been signed by the Company and delivered to the Purchase Contract Agent;
and, upon the order of such successor corporation or limited liability company,
instead of the Company, and subject to all the terms, conditions and
limitations in this Agreement prescribed, the Purchase Contract Agent shall
authenticate and execute on behalf of the Holders and deliver any Certificates
which previously shall have been signed and delivered by the officers of the
Company to the Purchase Contract Agent for authentication and execution, and
any Certificate evidencing Units which such successor corporation or limited
liability company thereafter shall cause to be signed and delivered to the
Purchase Contract Agent for that purpose. 
All the Certificates issued shall in all respects have the same legal
rank and benefit under this Agreement as the Certificates theretofore or
thereafter issued in accordance with the terms of this Agreement as though all
of such Certificates had been issued at the date of the execution hereof.

 

87

 

In case of any
such merger, consolidation, sale, conveyance, transfer, or disposition such
change in phraseology and form (but not in substance) may be made in the
Certificates evidencing Units thereafter to be issued as may be appropriate.

 

Section 9.03.  Officers’ Certificate and Opinion of Counsel
Given to Purchase Contract Agent.  The
Purchase Contract Agent, subject to Section 7.01 and Section 7.03, shall
receive an Officers’ Certificate and an Opinion of Counsel as conclusive
evidence that any such merger, consolidation, sale, conveyance, transfer, or
disposition, and any such assumption, complies with the provisions of this
Article and that all conditions precedent to the consummation of any such
merger, consolidation, share exchange, sale, assignment, transfer, lease or
conveyance have been met.

 

ARTICLE 10

COVENANTS

 

Section 10.01.  Performance under Purchase Contracts.  The Company covenants and agrees
for the benefit of the Holders from time to time of the Units that it will duly
and punctually perform its obligations under the Purchase Contracts in
accordance with the terms of the Purchase Contracts and this Agreement.

 

Section 10.02.  Maintenance of Office or Agency.  The Company will maintain in the
Borough of Manhattan, City of New York, New York an office or agency where
Certificates may be presented or surrendered for acquisition of shares of
Common Stock upon settlement of the Purchase Contracts on the Purchase Contract
Settlement Date or upon Early Settlement or Cash Merger Early Settlement and
for transfer of Collateral upon occurrence of a Termination Event, where
Certificates may be surrendered for registration of transfer or exchange, or
for a Collateral Substitution and where notices and demands to or upon the
Company in respect of the Units and this Agreement may be served. The Company
will give prompt written notice to the Purchase Contract Agent of the location,
and any change in the location, of such office or agency. The Company initially
designates the Corporate Trust Office of the Purchase Contract Agent as such
office of the Company.  If at any time
the Company shall fail to maintain any such required office or agency or shall
fail to furnish the Purchase Contract Agent with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office, and the Company hereby appoints the Purchase Contract
Agent as its agent to receive all such presentations, surrenders, notices and
demands.

 

The Company
may also from time to time designate one or more other offices or agencies where
Certificates may be presented or surrendered for any or all such purposes and
may from time to time rescind such designations; provided, however,
that no such designation or rescission shall in any manner relieve the Company
of its obligation to maintain an office or agency in the Borough of Manhattan,
City of New York, New York for such purposes. 
The Company will give prompt written notice to the Purchase Contract
Agent of any such designation or rescission and of any change in the location
of any such other office or agency. The Company hereby designates as the place
of payment for the 

 

88

 

Units the Corporate Trust Office and appoints
the Purchase Contract Agent at its Corporate Trust Office as paying agent in
such city.

 

Section 10.03.  Company To Reserve Common Stock.  The Company shall at all times
prior to the Purchase Contract Settlement Date reserve and keep available, free
from preemptive rights, out of its authorized but unissued Common Stock the
full number of shares of Common Stock issuable against tender of payment in
respect of all Purchase Contracts constituting a part of the Units evidenced by
Outstanding Certificates.

 

Section 10.04.  Covenants as to Common Stock; Listing.  (a)  The Company covenants that
all shares of Common Stock which may be issued against tender of payment in
respect of any Purchase Contract constituting a part of the Outstanding Units
will, upon issuance, be duly authorized, validly issued, fully paid and
nonassessable.

 

The Company
further covenants that, if at any time the Common Stock shall be listed on the
NYSE or any other national securities exchange or automated quotation system,
the Company will, if permitted by the rules of such exchange or automated
quotation system, list and keep listed, so long as the Common Stock shall be so
listed on such exchange or automated quotation system, all Common Stock
issuable upon Settlement of Purchase Contracts; provided, however,
that, if the rules of such exchange or automated quotation system permit the
Company to defer the listing of such Common Stock until the date on which any
Purchase Contract is first settled in accordance with the provisions of this
Agreement, the Company covenants to list such Common Stock issuable upon
settlement of the Purchase Contracts in accordance with the requirements of
such exchange or automated quotation system no later than at such time.

 

Section 10.05.  Statements of Officers of the Company as to
Default.  The Company will
deliver to the Purchase Contract Agent, within 120 days after the end of each
fiscal year of the Company (which as of the date hereof is December 31) ending
after the date hereof, an Officers’ Certificate, stating whether or not to the
knowledge of the signers thereof the Company is in default in the performance
and observance of any of the terms, provisions and conditions of this
Agreement, and if the Company shall be in default, specifying all such defaults
and the nature and status thereof of which they may have knowledge.

 

Section 10.06.  ERISA. 
Each Holder from time to time of the Units that is a Plan or
who used assets of a Plan to purchase Units hereby represents that either (i)
no portion of the assets used by such Holder to acquire the Corporate Units
constitutes assets of the Plan or (ii) the purchase or holding of the Corporate
Units by such purchaser or transferee will not constitute a non-exempt
prohibited transaction under Section 406 of ERISA or Section 4973 of the Code
or similar violation under any applicable laws.

 

Section 10.07.  Tax Treatment.  The Company covenants and agrees, and by acceptance of
a Unit, each Holder will be deemed to have agreed, for United States federal,
state and local income and franchise tax purposes, to (i) treat a Holder’s
acquisition of the 

 

89

 

Corporate Units as the acquisition of the
Applicable Ownership Interests in Senior Notes and Purchase Contract
constituting the Corporate Units, (ii) treat each Holder as the owner of the applicable
interest in the Collateral, including the Senior Notes underlying the
Applicable Ownership Interests in Senior Notes, Applicable Ownership Interests
in the Treasury Portfolio or the Treasury Securities and (iii) to allocate all
of a Holder’s purchase price for a Corporate Unit to the Applicable Ownership
Interests in Senior Notes so that each Holder’s initial tax basis in each
Purchase Contract will be $0.00 and the initial tax basis in each Applicable
Ownership Interest in Senior Notes will be $25.00.

 

ARTICLE 11

PLEDGE

 

Section 11.01.  Pledge. 
Each Holder, acting through the Purchase Contract Agent as
such Holder’s attorney-in-fact, and the Purchase Contract Agent, acting solely
as such attorney-in-fact, hereby pledges and grants to the Collateral Agent, as
agent of and for the benefit of the Company, a continuing first priority
security interest in and to, and a lien upon and right of set-off against, all
of such Person’s right, title and interest in and to the Collateral to secure
the prompt and complete payment and performance when due (whether at stated
maturity, by acceleration or otherwise) of the Obligations. The Collateral
Agent shall have all of the rights, remedies and recourses with respect to the
Collateral afforded a secured party by the UCC, in addition to, and not in
limitation of, the other rights, remedies and recourses afforded to the
Collateral Agent by this Agreement.

 

Section 11.02.  Termination.  As to each Holder, the Pledge created hereby shall
terminate upon the satisfaction of such Holder’s Obligations. Upon such
termination, the Collateral Agent shall instruct the Securities Intermediary to
Transfer such portion of the Collateral attributable to such Holder to the
Purchase Contract Agent for distribution to such Holder, free and clear of the
Pledge created hereby.

 

ARTICLE 12

ADMINISTRATION OF COLLATERAL

 

Section 12.01.  Initial Deposit of Senior Notes.  (a)  Prior to or concurrently
with the execution and delivery of this Agreement, the Purchase Contract Agent,
on behalf of the initial Holders of the Corporate Units, shall Transfer to the
Securities Intermediary, for credit to the Collateral Account, the Applicable
Ownership Interests in Senior Notes and the Senior Notes underlying such
Applicable Ownership Interests in Senior Notes or security entitlements
relating thereto and the Securities Intermediary shall indicate by book-entry
that a securities entitlement with respect to such Applicable Ownership
Interests in Senior Notes has been credited to the Collateral Account.

 

(b)       The Collateral
Agent may, at any time or from time to time, in its sole discretion, cause any
or all securities or other property underlying any financial assets credited to
the Collateral Account to be registered in the name of the Securities 

 

90

 

Intermediary, the Collateral Agent or their
respective nominees; provided, however, that unless any Event
of Default (as defined in the Indenture) shall have occurred and be continuing,
the Collateral Agent agrees not to cause any Senior Notes to be so
re-registered.

 

Section 12.02.  Establishment of Collateral Account.  The Securities Intermediary
hereby confirms that:

 

(a)       the Securities
Intermediary has established the Collateral Account;

 

(b)       the Collateral
Account is a securities account;

 

(c)       subject to the
terms of this Agreement, the Securities Intermediary shall identify in its
records the Collateral Agent as the entitlement holder entitled to exercise the
rights that comprise any financial asset credited to the Collateral Account;

 

(d)       all property
delivered to the Securities Intermediary pursuant to this Agreement, including
any Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition thereof) or Treasury Securities and the Permitted
Investments, will be credited promptly to the Collateral Account; and

 

(e)       all securities
or other property underlying any financial assets credited to the Collateral
Account shall be (i) registered in the name of the Purchase Contract Agent and
indorsed to the Securities Intermediary or in blank, (ii) registered in the
name of the Securities Intermediary or (iii) credited to another securities
account maintained in the name of the Securities Intermediary. In no case will
any financial asset credited to the Collateral Account be registered in the
name of the Purchase Contract Agent (in its capacity as such) or any Holder or
specially indorsed to the Purchase Contract Agent (in its capacity as such) or
any Holder, unless such financial asset has been further indorsed to the
Securities Intermediary or in blank.

 

Section 12.03.  Treatment as Financial Assets.  Each item of property (whether
investment property, financial asset, security, instrument or cash) credited to
the Collateral Account shall be treated as a financial asset.

 

Section 12.04.  Sole Control by Collateral Agent.  Except as provided in Section
15.01, at all times prior to the termination of the Pledge, the Collateral
Agent shall have sole control of the Collateral Account, and the Securities
Intermediary shall take instructions and directions, and comply with
entitlement orders, with respect to the Collateral Account or any financial
asset credited thereto solely from the Collateral Agent. If at any time the
Securities Intermediary shall receive an entitlement order issued by the
Collateral Agent and relating to the Collateral Account, the Securities
Intermediary shall comply with such entitlement order without further consent
by the Purchase Contract Agent or any Holder or any other Person. Except as
otherwise permitted under this 

 

91

 

Agreement, until termination of the Pledge,
the Securities Intermediary will not comply with any entitlement orders issued
by the Purchase Contract Agent or any Holder.

 

Section 12.05.  Jurisdiction.  The Collateral Account, and the rights and obligations
of the Securities Intermediary, the Collateral Agent, the Purchase Contract
Agent and the Holders with respect thereto, shall be governed by the laws of
the State of New York. Regardless of any provision in any other agreement, the
Securities Intermediary’s jurisdiction is the State of New York.

 

Section 12.06.  No Other Claims.  Except for the claims and interest of the Collateral
Agent and of the Purchase Contract Agent and the Holders in the Collateral
Account, the Securities Intermediary (without having conducted any
investigation) does not know of any claim to, or interest in, the Collateral
Account or in any financial asset credited thereto. If any Person asserts any
lien, encumbrance or adverse claim (including any writ, garnishment, judgment,
warrant of attachment, execution or similar process) against the Collateral
Account or in any financial asset carried therein, the Securities Intermediary
will promptly notify the Collateral Agent and the Purchase Contract Agent.

 

Section 12.07.  Investment and Release.  All proceeds of financial assets
from time to time credited to the Collateral Account shall be invested and
reinvested as provided in this Agreement. At all times prior to termination of
the Pledge, no property shall be released from the Collateral Account except in
accordance with this Agreement or upon written instructions of the Collateral
Agent.

 

Section 12.08.  Statements and Confirmations.  The Securities Intermediary will
promptly send copies of all statements, confirmations and other correspondence
concerning the Collateral Account and any financial assets credited thereto
simultaneously to each of the Purchase Contract Agent and the Collateral Agent
at their addresses for notices under this Agreement.

 

Section 12.09.  Tax Allocations.  The Purchase Contract Agent shall report all items of
income, gain, expense and loss recognized in the Collateral Account, to the
extent such reporting is required by law, to the Internal Revenue Service
authorities in the manner required by law. 
Neither the Securities Intermediary nor the Collateral Agent shall have
any tax reporting duties hereunder.

 

Section 12.10.  No Other Agreements.  The Securities Intermediary has
not entered into, and prior to the termination of the Pledge will not enter
into, any agreement with any other Person relating to the Collateral Account or
any financial assets credited thereto, including, without limitation, any
agreement to comply with entitlement orders of any Person other than the
Collateral Agent.

 

Section 12.11.  Powers Coupled with an Interest.  The rights and powers granted in
this Purchase Contract and Pledge Agreement to the Collateral Agent have been granted
in order to perfect its security interests in the Collateral Account, are
powers coupled with an 

 

92

 

interest and will be affected neither by the
bankruptcy of the Purchase Contract Agent or any Holder nor by the lapse of
time. The obligations of the Securities Intermediary under this Purchase
Contract and Pledge Agreement shall continue in effect until the termination of
the Pledge.

 

Section 12.12.  Waiver of Lien; Waiver of Set-off.  The Securities Intermediary
waives any security interest, lien or right to make deductions or set-offs that
it may now have or hereafter acquire in or with respect to the Collateral
Account, any financial asset credited thereto or any security entitlement in
respect thereof.  Neither the financial
assets credited to the Collateral Account nor the security entitlements in
respect thereof will be subject to deduction, set-off, banker’s lien, or any
other right in favor of any person other than the Company.

 

ARTICLE 13

RIGHTS AND REMEDIES OF THE
COLLATERAL AGENT

 

Section 13.01.  Rights and Remedies of the Collateral
Agent.  (a)  In
addition to the rights and remedies set forth herein or otherwise available at
law or in equity, after a collateral event of default (as specified in Section
13.01(b) below) hereunder, the Collateral Agent shall have all of the rights
and remedies with respect to the Collateral of a secured party under the UCC
(whether or not the UCC is in effect in the jurisdiction where the rights and
remedies are asserted) and the TRADES Regulations and such additional rights
and remedies to which a secured party is entitled under the laws in effect in
any jurisdiction where any rights and remedies hereunder may be asserted.
Without limiting the generality of the foregoing, such remedies may include, to
the extent permitted by applicable law, (1) retention of the Senior Notes
underlying Pledged Applicable Ownership Interests in Senior Notes, the Pledged
Treasury Securities or the Pledged Applicable Ownership Interests in the
Treasury Portfolio in full satisfaction of the Holders’ obligations under the
Purchase Contracts and the Purchase Contract Agreement or (2) sale of the
Senior Notes underlying Pledged Applicable Ownership Interests in Senior Notes,
the Pledged Treasury Securities or the Pledged Applicable Ownership Interests
in the Treasury Portfolio in one or more public or private sales.

 

(b)       Without limiting
any rights or powers otherwise granted by this Agreement to the Collateral
Agent, in the event the Collateral Agent is unable to make payments to the
Company on account of Proceeds of (i) the Senior Notes underlying Pledged
Applicable Ownership Interests in Senior Notes (other than any interest
payments thereon), (ii) Pledged Applicable Ownership Interests in the Treasury
Portfolio, or (iii) the Pledged Treasury Securities as provided in this
Agreement in satisfaction of the Obligations of the Holder of the Units of
which such applicable Pledged Applicable Ownership Interests in the Treasury
Portfolio or such Pledged Treasury Securities are a part under the related
Purchase Contracts, the inability to make such payments shall constitute a “collateral
event of
default” hereunder and the Collateral Agent shall have and may
exercise, with reference to such Senior Notes underlying Pledged Applicable
Ownership Interests in 

 

93

 

Senior Notes, Pledged Treasury Securities or
Pledged Applicable Ownership Interests in the Treasury Portfolio, as
applicable, any and all of the rights and remedies available to a secured party
under the UCC and the TRADES Regulations after default by a debtor, and as
otherwise granted herein or under any other law.

 

(c)       Without limiting
any rights or powers otherwise granted by this Agreement to the Collateral
Agent, the Collateral Agent is hereby irrevocably authorized to receive,
collect and apply to the satisfaction of the Obligations all payments with
respect to (i) the Senior Notes underlying Pledged Applicable Ownership
Interests in Senior Notes (other than any interest payments thereon), (ii) the
Pledged Treasury Securities and (iii) the Pledged Applicable Ownership
Interests in the Treasury Portfolio, subject, in each case, to the provisions
of this Agreement, and as otherwise provided herein.

 

(d)       The Purchase
Contract Agent and each Holder agrees that, from time to time, upon the written
request of the Collateral Agent, the Purchase Contract Agent, on behalf of such
Holder, shall execute and deliver such further documents and do such other acts
and things as the Collateral Agent may reasonably request in order to maintain
the Pledge, and the perfection and priority thereof, and to confirm the rights
of the Collateral Agent hereunder. The Purchase Contract Agent shall have no
liability to any Holder for executing any documents or taking any such acts
requested by the Collateral Agent hereunder, except for liability for its own
negligent acts, its own negligent failure to act or its own willful misconduct.

 

ARTICLE 14

REPRESENTATIONS AND WARRANTIES TO

COLLATERAL AGENT; HOLDER COVENANTS

 

Section 14.01.  Representations and Warranties.  Each Holder from time to time,
acting through the Purchase Contract Agent as attorney-in-fact (it being
understood that the Purchase Contract Agent shall not be liable for any
representation or warranty made by or on behalf of a Holder), hereby represents
and warrants to the Collateral Agent and the Company (with respect to such
Holder’s interest in the Collateral), which representations and warranties
shall be deemed repeated on each day a Holder effects a Transfer of Collateral,
that:

 

(a)       such Holder has
the power to grant a security interest in and lien on the Collateral;

 

(b)       such Holder is
the sole beneficial owner of the Collateral and, in the case of Collateral
delivered in physical form, is the sole holder of such Collateral and is the
sole beneficial owner of, or has the right to Transfer, the Collateral it
Transfers to the Collateral Agent for credit to the Collateral Account, free
and clear of any security interest, lien, encumbrance, call, liability to pay
money or other restriction other than the security interest and lien granted
under Article 11;

 

94

 

(c)       upon the
Transfer of the Collateral to the Securities Intermediary for credit to the
Collateral Account, the Collateral Agent, for the benefit of the Company, will
have a valid and perfected first priority security interest therein (assuming
that any central clearing operation or any securities intermediary or other
entity not within the control of the Holder involved in the Transfer of the
Collateral, including the Collateral Agent and the Securities Intermediary,
gives the notices and takes the action required of it hereunder and under
applicable law for perfection of that interest and assuming the establishment
and exercise of control pursuant to Article 12 hereof); and

 

(d)       the execution
and performance by the Holder of its obligations under this Agreement will not
result in the creation of any security interest, lien or other encumbrance on
the Collateral (other than the security interest and lien granted under Article
11 hereof) or violate any provision of any existing law or regulation
applicable to it or of any mortgage, charge, pledge, indenture, contract or
undertaking to which it is a party or which is binding on it or any of its
assets.

 

Section 14.02.  Covenants. 
The Purchase Contract Agent and the Holders from time to
time, acting through the Purchase Contract Agent as their attorney-in-fact (it
being understood that the Purchase Contract Agent shall not be liable for any
covenant made by or on behalf of a Holder), hereby covenant to the Collateral
Agent and the Company that for so long as the Collateral remains subject to the
Pledge:

 

(a)       neither the
Purchase Contract Agent nor such Holders will create or purport to create or
allow to subsist any mortgage, charge, lien, pledge or any other security
interest whatsoever over the Collateral or any part of it other than pursuant
to this Agreement; and

 

(b)       neither the
Purchase Contract Agent nor such Holders will sell or otherwise dispose (or
attempt to dispose) of the Collateral or any part of it except for the
beneficial interest therein, subject to the Pledge hereunder, transferred in
connection with a Transfer of the Units.

 

ARTICLE 15

THE COLLATERAL AGENT, THE CUSTODIAL
AGENT AND THE SECURITIES INTERMEDIARY

 

It is hereby
agreed as follows:

 

Section 15.01.  Appointment, Powers and Immunities.  The Collateral Agent, the
Custodial Agent and the Securities Intermediary shall act as agent for the
Company hereunder with such powers as are specifically vested in the Collateral
Agent, the Custodial Agent and the Securities Intermediary, as the case may be,
by the terms of this Agreement. The Collateral Agent, the Custodial Agent and
Securities Intermediary shall:

 

95

 

(a)       have no duties
or responsibilities except those expressly set forth in this Agreement and no
implied covenants or obligations shall be inferred from this Agreement against
the Collateral Agent, the Custodial Agent or the Securities Intermediary, nor
shall the Collateral Agent, the Custodial Agent or the Securities Intermediary
be bound by the provisions of any agreement by any party hereto beyond the
specific terms hereof;

 

(b)       not be
responsible for any recitals contained in this Agreement, or in any certificate
or other document referred to or provided for in, or received by it under, this
Agreement or the Units, or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement (other than as against the
Collateral Agent, the Custodial Agent or the Securities Intermediary, as the
case may be), the Units, any Collateral or any other document referred to or
provided for herein or therein or for any failure by the Company or any other
Person (except the Collateral Agent, the Custodial Agent or Securities
Intermediary, as the case may be) to perform any of its obligations hereunder
or thereunder or, except as expressly required hereby, for the perfection,
priority or maintenance of any security interest created hereunder;

 

(c)       not be required
to initiate or conduct any litigation or collection proceedings hereunder
(except pursuant to directions furnished under Section 15.02 hereof, subject to
Section 15.08 hereof);

 

(d)       not be
responsible for any action taken or omitted to be taken by it hereunder or
under any other document or instrument referred to or provided for herein or in
connection herewith or therewith, except for its own negligence or willful
misconduct; and

 

(e)       not be required
to advise any party as to selling or retaining, or taking or refraining from
taking any action with respect to, any securities or other property deposited
hereunder.

 

Subject to the
foregoing, during the term of this Agreement, the Collateral Agent, the
Custodial Agent and the Securities Intermediary shall take all reasonable
action in connection with the safekeeping and preservation of the Collateral
hereunder as determined by industry standards.

 

No provision
of this Agreement shall require the Collateral Agent, the Custodial Agent or
the Securities Intermediary to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder. In
no event shall the Collateral Agent, the Custodial Agent or the Securities
Intermediary be liable for any amount in excess of the Value of the Collateral.

 

Section 15.02.  Instructions of the Company.  The Company shall have the right,
by one or more written instruments executed and delivered to the Collateral
Agent, to direct the time, method and place of conducting any proceeding for
the realization of any right or remedy available to the Collateral Agent, or of
exercising any power conferred on the Collateral Agent, or to direct the taking
or refraining from taking of any action authorized 

 

96

 

by this Agreement; provided, however,
that (i) such direction shall not conflict with the provisions of any law or of
this Agreement or involve the Collateral Agent in personal liability and (ii)
the Collateral Agent shall be indemnified to its satisfaction as provided
herein. Nothing contained in this Section 15.02 shall impair the right of the Collateral
Agent in its discretion to take any action or omit to take any action which it
deems proper and which is not inconsistent with such direction.  None of the Collateral Agent, the Custodial
Agent or the Securities Intermediary has any obligation or responsibility to
file UCC financing statements.

 

Section 15.03.  Reliance by Collateral Agent, Custodial
Agent and Securities Intermediary.  Each
of the Securities Intermediary, the Custodial Agent and the Collateral Agent
shall be entitled to rely conclusively upon any certification, order, judgment,
opinion, notice or other written communication (including, without limitation,
any thereof by e-mail or similar electronic means, telecopy, telex or
facsimile) believed by it in good faith to be genuine and correct and to have
been signed or sent by or on behalf of the proper Person or Persons (without
being required to determine the correctness of any fact stated therein) and
consult with and conclusively rely upon advice, opinions and statements of
legal counsel and other experts selected by the Collateral Agent, the Custodial
Agent or the Securities Intermediary, as the case may be. As to any matters not
expressly provided for by this Agreement, the Collateral Agent, the Custodial
Agent and the Securities Intermediary shall in all cases be fully protected in
acting, or in refraining from acting, hereunder in accordance with instructions
given by the Company in accordance with this Agreement.

 

Section 15.04.  Certain Rights.  (a) Whenever in the administration of the provisions
of this Agreement the Collateral Agent, the Custodial Agent or the Securities
Intermediary shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering any action to be taken hereunder, such
matter (unless other evidence in respect thereof be herein specifically
prescribed) may, in the absence of negligence or bad faith on the part of the
Collateral Agent, the Custodial Agent or the Securities Intermediary, be deemed
to be conclusively proved and established by a certificate signed by one of the
Company’s officers, and delivered to the Collateral Agent, the Custodial Agent
or the Securities Intermediary and such certificate, in the absence of
negligence or bad faith on the part of the Collateral Agent, the Custodial
Agent or the Securities Intermediary, shall be full warrant to the Collateral
Agent, the Custodial Agent or the Securities Intermediary for any action taken,
suffered or omitted by it under the provisions of this Agreement upon the faith
thereof.

 

(b)       The Collateral
Agent, the Custodial Agent or the Securities Intermediary shall not be bound to
make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent,
entitlement order, approval or other paper or document.

 

Section 15.05.  Merger, Conversion, Consolidation or
Succession to Business.  Any
corporation into which the Collateral Agent, the Custodial Agent or the
Securities 

 

97

 

Intermediary may be merged or converted or
with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Collateral Agent, the
Custodial Agent or the Securities Intermediary shall be a party, or any
corporation succeeding to all or substantially all of the corporate trust
business of the Collateral Agent, the Custodial Agent or the Securities
Intermediary shall be the successor of the Collateral Agent, the Custodial Agent
or the Securities Intermediary hereunder without the execution or filing of any
paper with any party hereto or any further act on the part of any of the
parties hereto except where an instrument of transfer or assignment is required
by law to effect such succession, anything herein to the contrary
notwithstanding.

 

Section 15.06.  Rights in Other Capacities.  The Collateral Agent, the
Custodial Agent and the Securities Intermediary and their affiliates may
(without having to account therefor to the Company) accept deposits from, lend
money to, make their investments in and generally engage in any kind of
banking, trust or other business with the Purchase Contract Agent, any other
Person interested herein and any Holder (and any of their respective subsidiaries
or affiliates) as if it were not acting as the Collateral Agent, the Custodial
Agent or the Securities Intermediary, as the case may be, and the Collateral
Agent, the Custodial Agent, the Securities Intermediary and their affiliates
may accept fees and other consideration from the Purchase Contract Agent and
any Holder without having to account for the same to the Company; provided that each of the Collateral
Agent, the Custodial Agent and the Securities Intermediary covenants and agrees
with the Company that it shall not accept, receive or permit there to be
created in favor of itself and shall take no affirmative action to permit there
to be created in favor of any other Person, any security interest, lien or
other encumbrance of any kind in or upon the Collateral other than the lien
created by the Pledge.

 

Section 15.07.  Non-reliance on the Collateral Agent,
Custodial Agent and Securities Intermediary. 
None of the Collateral Agent, the Custodial Agent and the
Securities Intermediary shall be required to keep itself informed as to the
performance or observance by the Purchase Contract Agent or any Holder of this
Agreement, the Units or any other document referred to or provided for herein
or therein or to inspect the properties or books of the Purchase Contract Agent
or any Holder. None of the Collateral Agent, the Custodial Agent or the
Securities Intermediary shall have any duty or responsibility to provide the
Company with any credit or other information concerning the affairs, financial
condition or business of the Purchase Contract Agent or any Holder (or any of
their respective affiliates) that may come into the possession of the
Collateral Agent, the Custodial Agent or the Securities Intermediary or any of
their respective affiliates.

 

Section 15.08.  Compensation and Indemnity.  The Company agrees to:

 

(a)       pay the
Collateral Agent, the Custodial Agent and the Securities Intermediary from time
to time such compensation as shall be agreed in writing between the Company and
the Collateral Agent, the Custodial Agent or the Securities Intermediary, as
the case may be, for all services rendered by them hereunder;

 

98

 

(b)       indemnify and
hold harmless the Collateral Agent, the Custodial Agent, the Securities
Intermediary and each of their respective directors, officers, agents and
employees (collectively, the “Pledge  Indemnitees”),
from and against any and all claims, liabilities, losses, damages, fines,
penalties and expenses (including reasonable fees and expenses of counsel)
(collectively, “Losses” and individually, a “Loss”)
that may be imposed on, incurred by, or asserted against, the Indemnitees or
any of them for following any instructions or other directions upon which any
of the Collateral Agent, the Custodial Agent or the Securities Intermediary is
entitled to rely pursuant to the terms of this Agreement, provided that the Collateral Agent, the
Custodial Agent or the Securities Intermediary has not acted with negligence or
engaged in willful misconduct or bad faith with respect to the specific Loss
against which indemnification is sought; and

 

(c)       in addition to
and not in limitation of paragraph (b) of this Section 15.08, indemnify and
hold the Indemnitees and each of them harmless from and against any and all
Losses that may be imposed on, incurred by or asserted against, the Indemnitees
or any of them in connection with or arising out of the Collateral Agent’s, the
Custodial Agent’s or the Securities Intermediary’s acceptance or performance of
its powers and duties under this Agreement, provided
the Collateral Agent, the Custodial Agent or the Securities Intermediary has
not acted with negligence or engaged in willful misconduct or bad faith with
respect to the specific Loss against which indemnification is sought.

 

The provisions
of this Section and Section 15.14shall survive the resignation or removal of
the Collateral Agent, the Custodial Agent or the Securities Intermediary and
the termination of this Agreement.

 

Section 15.09.  Failure to Act.  In the event that, in the good faith belief of the
Collateral Agent, the Custody Agent or the Securities Intermediary, an
ambiguity in the provisions of this Agreement arises or any actual dispute
between or conflicting claims by or among the parties hereto or any other
Person with respect to any funds or property deposited hereunder has been
asserted in writing, then at its sole option, each of the Collateral Agent, the
Custodial Agent and the Securities Intermediary shall be entitled, after prompt
notice to the Company and the Purchase Contract Agent, to refuse to comply with
any and all claims, demands or instructions with respect to such property or
funds so long as such dispute or conflict shall continue, and the Collateral
Agent, the Custodial Agent and the Securities Intermediary, as the case may be,
shall not be or become liable in any way to any of the parties hereto for its
failure or refusal to comply with such conflicting claims, demands or
instructions. The Collateral Agent, the Custodial Agent and the Securities
Intermediary shall be entitled to refuse to act until either:

 

(a)       such conflicting
or adverse claims or demands shall have been finally determined by a court of
competent jurisdiction or settled by agreement between the conflicting parties
as evidenced in a writing satisfactory to the Collateral Agent, the Custodial
Agent or the Securities Intermediary; or

 

99

 

(b)       the Collateral
Agent, the Custodial Agent or the Securities Intermediary shall have received
security or an indemnity satisfactory to it sufficient to hold it harmless from
and against any and all loss, liability or reasonable out-of-pocket expense
which it may incur by reason of its acting.

 

The Collateral
Agent, the Custodial Agent and the Securities Intermediary may in addition
elect to commence an interpleader action or seek other judicial relief or
orders as the Collateral Agent, the Custodial Agent or the Securities
Intermediary may deem necessary. Notwithstanding anything contained herein to
the contrary, none of the Collateral Agent, the Custodial Agent or the
Securities Intermediary shall be required to take any action that is in its
opinion contrary to law or to the terms of this Agreement, or which would in
its opinion subject it or any of its officers, employees or directors to
liability.

 

Section 15.10.  Resignation of Collateral Agent, the
Custodial Agent and the Securities Intermediary.  (a) Subject to the appointment and acceptance of a
successor Collateral Agent, Custodial Agent or Securities Intermediary as
provided below:

 

(i)    the
Collateral Agent, the Custodial Agent or the Securities Intermediary may resign
at any time by giving notice thereof to the Company and the Purchase Contract
Agent as attorney-in-fact for the Holders;

 

(ii)   the
Collateral Agent, the Custodial Agent or the Securities Intermediary may be
removed at any time by the Company; and

 

(iii) if
the Collateral Agent, the Custodial Agent or the Securities Intermediary fails
to perform any of its material obligations hereunder in any material respect
for a period of not less than 20 days after receiving written notice of such
failure by the Purchase Contract Agent and such failure shall be continuing,
the Collateral Agent, the Custodial Agent and the Securities Intermediary may
be removed by the Purchase Contract Agent, acting at the direction of the
Holders.

 

The Purchase
Contract Agent shall promptly notify the Company upon the transmission of
notice as contemplated by clause (iii) of Section 15.10(a) and any removal of
the Collateral Agent, the Custodial Agent or the Securities Intermediary
pursuant to clause (iii) of this Section 15.10(a). Upon any such resignation or
removal, the Company shall have the right to appoint a successor Collateral
Agent, Custodial Agent or Securities Intermediary, as the case may be, which
shall not be an Affiliate of the Purchase Contract Agent. If no successor
Collateral Agent, Custodial Agent or 

 

100

 

Securities Intermediary shall have been so
appointed and shall have accepted such appointment within 45 days after the
retiring Collateral Agent’s, Custodial Agent’s or Securities Intermediary’s
giving of notice of resignation or the Company’s or the Purchase Contract Agent’s
giving notice of such removal, then the retiring or removed Collateral Agent,
Custodial Agent or Securities Intermediary may petition any court of competent
jurisdiction, at the expense of the Company, for the appointment of a successor
Collateral Agent, Custodial Agent or Securities Intermediary. The Collateral
Agent, the Custodial Agent and the Securities Intermediary shall each be a bank
or a national banking association which has an office (or an agency office) in
New York City with a combined capital and surplus of at least $50,000,000.  Upon the acceptance of any appointment as
Collateral Agent, Custodial Agent or Securities Intermediary hereunder by a
successor Collateral Agent, Custodial Agent or Securities Intermediary, as the
case may be, such successor Collateral Agent, Custodial Agent or Securities
Intermediary, as the case may be, shall thereupon succeed to and become vested
with all the rights, powers, privileges and duties of the retiring Collateral
Agent, Custodial Agent or Securities Intermediary, as the case may be, and the
retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the
case may be, shall take all appropriate action, subject to payment of any
amounts then due and payable to it hereunder, to transfer any money and
property held by it hereunder (including the Collateral) to such
successor.  The retiring Collateral
Agent, Custodial Agent or Securities Intermediary shall, upon such succession,
be discharged from its duties and obligations as Collateral Agent, Custodial
Agent or Securities Intermediary hereunder. After any retiring Collateral
Agent’s, Custodial Agent’s or Securities Intermediary’s resignation hereunder
as Collateral Agent, Custodial Agent or Securities Intermediary, the provisions
of this Article 15 shall continue in effect for its benefit in respect of any
actions taken or omitted to be taken by it while it was acting as the
Collateral Agent, the Custodial Agent or the Securities Intermediary.  Any resignation or removal of the Collateral
Agent, the Custodial Agent or the Securities Intermediary hereunder, at a time
when such Person is also acting as the Collateral Agent, the Custodial Agent or
the Securities Intermediary, as the case may be, shall be deemed for all
purposes of this Agreement as the simultaneous resignation or removal of the
Collateral Agent, the Securities Intermediary or the Custodial Agent, as the
case may be.

 

(b)       Because The Bank
of New York is serving as the Collateral Agent hereunder and also as the
Purchase Contract Agent hereunder, if an event of default or a collateral event
of default occurs hereunder The Bank of New York will resign as the Collateral
Agent, Custodial Agent and the Securities Intermediary, but continue to act as
the Purchase Contract Agent.  A
successor Collateral Agent, Custodial Agent and Securities Intermediary will be
appointed in accordance with the terms of this Article 15.

 

Section 15.11.  Right to Appoint Agent or Advisor.  The Collateral Agent shall have
the right to appoint agents or advisors in connection with any of its duties
hereunder, and the Collateral Agent shall not be liable for any action taken or
omitted by, or in reliance upon the advice of, such agents or advisors selected
in good faith. The appointment of agents pursuant to this Section 15.11 shall
be subject to prior written consent of the Company, which consent shall not be
unreasonably withheld.

 

Section 15.12.  Survival. 
The provisions of this Article 15 shall survive termination
of this Agreement and the resignation or removal of the Collateral Agent, the
Custodial Agent or the Securities Intermediary.

 

101

 

Section 15.13.  Exculpation.  Anything contained in this Agreement to the contrary
notwithstanding, in no event shall the Collateral Agent, the Custodial Agent or
the Securities Intermediary or their officers, directors, employees or agents
be liable under this Agreement to any third party for indirect, special,
punitive, or consequential loss or damage of any kind whatsoever, including,
but not limited to, lost profits, whether or not the likelihood of such loss or
damage was known to the Collateral Agent, the Custodial Agent or the Securities
Intermediary, or any of them and regardless of the form of action.

 

Section 15.14.  Expenses, Etc.  The Company agrees to reimburse the Collateral Agent,
the Custodial Agent and the Securities Intermediary for:

 

(a)       all reasonable
costs and expenses of the Collateral Agent, the Custodial Agent and the
Securities Intermediary (including, without limitation, the reasonable fees and
expenses of counsel to the Collateral Agent, the Custodial Agent and the
Securities Intermediary), in connection with (i) the negotiation, preparation,
execution and delivery or performance of this Agreement and (ii) any
modification, supplement or waiver of any of the terms of this Agreement;

 

(b)       all reasonable
costs and expenses of the Collateral Agent, the Custodial Agent and the
Securities Intermediary (including, without limitation, reasonable fees and
expenses of counsel) in connection with (i) any enforcement or proceedings
resulting or incurred in connection with causing any Holder to satisfy its
obligations under the Purchase Contracts forming a part of the Units and (ii)
the enforcement of this Section 15.14;

 

(c)       all transfer,
stamp, documentary or other similar taxes, assessments or charges levied by any
governmental or revenue authority in respect of this Agreement or any other
document referred to herein and all costs, expenses, taxes, assessments and
other charges incurred in connection with any filing, registration, recording
or perfection of any security interest contemplated hereby;

 

(d)       all reasonable
fees and expenses of any agent or advisor appointed by the Collateral Agent and
consented to by the Company under Section 15.11 of this Agreement; and

 

(e)       any other
out-of-pocket costs and expenses reasonably incurred by the Collateral Agent,
the Custodial Agent and the Securities Intermediary in connection with the
performance of their duties hereunder.

 

ARTICLE 16

MISCELLANEOUS

 

Section 16.01.  Security Interest Absolute.  All rights of the Collateral
Agent and security interests hereunder, and all obligations of the Holders from
time to time hereunder pursuant to the Pledge, shall be absolute and unconditional
irrespective of:

 

102

 

(a)       any lack of
validity or enforceability of any provision of the Purchase Contracts or the
Units or any other agreement or instrument relating thereto;

 

(b)       any change in
the time, manner or place of payment of, or any other term of, or any increase
in the amount of, all or any of the obligations of Holders of the Units under
the related Purchase Contracts, or any other amendment or waiver of any term
of, or any consent to any departure from any requirement of, the Purchase
Contract Agreement or any Purchase Contract or any other agreement or
instrument relating thereto; or

 

(c)       any other
circumstance which might otherwise constitute a defense available to, or
discharge of, a borrower, a guarantor or a pledgor.

 

Section 16.02.  Notice of Special Event, Special Event
Redemption and Termination Event.  Upon
the occurrence of a Special Event, a Special Event Redemption or a Termination
Event, the Company shall deliver written notice to the Purchase Contract Agent,
the Collateral Agent and the Securities Intermediary.  Upon the written request of the Collateral Agent or the
Securities Intermediary, the Company shall inform such party whether or not a
Special Event, a Special Event Redemption or a Termination Event has occurred.

 

[SIGNATURES ON THE FOLLOWING PAGE]

 

103

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the day and year first above written.

 

	
  GENWORTH
  FINANCIAL, INC.

  	
  THE BANK OF
  NEW YORK, 

  
	
   

  	
   

  	
  as Purchase
  Contract Agent and as attorney-in-fact 

  of the Holders from time to time of the Units

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Name:

  
	
   

  	
  Title:

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
  Address for
  Notices:

  	
  Address for
  Notices:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Genworth
  Financial, Inc.  

  	
   

  	
  The Bank of
  New York  

  
	
   

  	
  6620 West
  Broad Street  

  	
   

  	
  101 Barclay
  Street, 8W 

  
	
   

  	
  Richmond,
  Virginia 23230  

  	
   

  	
  New York, NY
  10286  

  
	
   

  	
  Telecopier
  No.: 804-662-2414 

  	
   

  	
  Telecopier
  No.: 212-815-5707  

  
	
   

  	
  Attention:
  General Counsel

  	
   

  	
  Attention:

  	
  Corporate
  Trust Division —

  
	
   

  	
   

  	
   

  	
   

  	
  Corporate
  Finance Unit

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  THE BANK OF
  NEW YORK

  	
   

  	
   

  
	
  as
  Collateral Agent, Custodial Agent and 

  Securities Intermediary

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address for
  Notices:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  The Bank of
  New York

  	
   

  	
   

  
	
  101 Barclay
  Street, 8W

  	
   

  	
   

  
	
  New York, NY
  10286

  	
   

  	
   

  
	
  Telecopier
  No.: 212-815-5707

  	
   

  	
   

  
	
  Attention:

  	
  Corporate
  Trust Division —

  	
   

  	
   

  
	
   

  	
  Corporate
  Finance Unit

  	
   

  	
   

  
								

 

 

EXHIBIT A

 

(FORM OF FACE OF CORPORATE UNIT CERTIFICATE)

 

[For inclusion
in Global Certificates only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN
THE MEANING OF THE PURCHASE CONTRACT AND PLEDGE AGREEMENT HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY. 
THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO
TRANSFER OF THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A
WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE
REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

 

	
  No. 1

  	
   

  	
  CUSIP No.  37247D 30 4

  

Number of
Corporate Units:

 

GENWORTH FINANCIAL, INC.

Corporate Units

 

This Corporate
Units Certificate certifies that
                     
is the registered Holder of the number of Corporate Units set forth above [For
inclusion in Global Certificates only - or such other number of Corporate Units
reflected in the Schedule of Increases or Decreases in Global Certificate
attached hereto, which number shall not exceed 24,000,000]. Each Corporate Unit
consists of (i) either (a) an Applicable Ownership Interest in Senior Notes,
subject to the Pledge thereof by such Holder pursuant to the Purchase Contract
and Pledge Agreement, or (b) upon the occurrence of a Special Event Redemption
prior to the Purchase Contract Settlement Date, the Applicable Ownership
Interest in the Treasury Portfolio, subject to the pledge of the Applicable
Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the
definition of such term) by such Holder pursuant to the Purchase Contract and
Pledge Agreement, and (ii) the rights and obligations of the Holder under one
Purchase Contract with the Company.

 

A-1

 

All
capitalized terms used herein that are defined in the Purchase Contract and
Pledge Agreement (as defined on the reverse hereof) have the meaning set forth
therein.

 

Pursuant to
the Purchase Contract and Pledge Agreement, the Applicable Ownership Interest
in Senior Notes or the Applicable Ownership Interest in the Treasury Portfolio
(as specified in clause (i) of the definition of such term), as the case may
be, constituting part of each Corporate Unit evidenced hereby have been pledged
to the Collateral Agent, for the benefit of the Company, to secure the
obligations of the Holder under the Purchase Contract comprising part of such
Corporate Unit.

 

All payments
of the principal amount with respect to the Senior Notes underlying the Pledged
Applicable Ownership Interests in Senior Notes or all payments with respect to
the Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term), as the case may be, or payments of
interest on the Pledged Applicable Ownership Interests in Senior Notes or
distributions with respect to the Applicable Ownership Interests in the
Treasury Portfolio (as specified in clause (ii) of the definition of such term),
as the case may be, constituting part of the Corporate Units shall be paid on
the dates and in the manner set forth in the Purchase Contract and Pledge
Agreement.  Interest on the Senior Notes
underlying the Applicable Ownership Interests in Senior Notes and distributions
on the Applicable Ownership Interests in the Treasury Portfolio (as specified
in clause (ii) of the definition of such term), as the case may be, forming
part of the Corporate Units evidenced hereby, which are payable on each Payment
Date, shall, subject to receipt thereof by the Purchase Contract Agent, be paid
to the Person in whose name this Corporate Units Certificate (or a Predecessor
Corporate Units Certificate) is registered at the close of business on the
Record Date for such Payment Date.

 

All Contract
Adjustment Payments shall be paid on the dates and in the manner set forth in
the Purchase Contract and Pledge Agreement. 
Such Contract Adjustment Payments shall be payable to the Person in
whose name this Corporate Units Certificate is registered at the close of
business on the Record Date for such Payment Date.

 

Each Purchase
Contract evidenced hereby obligates the Holder of this Corporate Units
Certificate to purchase, and the Company to sell, on the Purchase Contract
Settlement Date, at a Purchase Price equal to the Stated Amount, a number of
newly issued shares of Common Stock of the Company, equal to the Settlement
Rate, unless on or prior to the Purchase Contract Settlement Date there shall
have occurred a Termination Event, an Early Settlement or a Cash Merger Early
Settlement with respect to such Purchase Contract, all as provided in the
Purchase Contract and Pledge Agreement. 
The Purchase Price for the shares of Common Stock purchased pursuant to
each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on
the Purchase Contract Settlement Date by application of payment received in the
Remarketing of the Senior Notes underlying the Pledged Applicable Ownership
Interests in Senior Notes equal to the principal amount thereof or the proceeds
of the Pledged Applicable Ownership Interests in the Treasury Portfolio (as
specified in clause (i) of the definition of such term), as the case may be,
pledged to secure the obligations under such Purchase Contract of the Holder of
the Corporate Units of which such Purchase Contract is a part.

 

A-2

 

The Company
shall pay, on February 16, May 16, August 16 and November 16 of each year
(each, a “Payment
Date”), in respect of each Purchase Contract forming part of a
Corporate Unit evidenced hereby, an amount (the “Contract Adjustment Payments”)
equal to [•]%
per year of the Stated Amount.  Contract
Adjustment Payments will accrue from (and including) May [•], 2004 to (but excluding) the earliest
of (1) the Purchase Contract Settlement Date, (ii) the Payment Date immediately
preceding any Early Settlement Date and (iii) any Cash Merger Early Settlement
Date.  Contract Adjustment Payments payable
on any Payment Date shall accrue from and including the immediately preceding
Payment Date on which Contract Adjustment Payments were paid (or if none, the
Special Payment Date) to but excluding such Payment Date.  Such Contract Adjustment Payments shall be
payable to the Person in whose name this Corporate Units Certificate is
registered at the close of business on the Record Date for such Payment
Date.  In addition, the Company shall
pay on May [•], 2004
(the “Special
Payment Date”), the Contract Adjusted Payments accrued from and
including May [•],
2004 to but excluding the Special Payment Date to the Person in whose name a
Certificate is registered at the close of business on the Business Day
immediately preceding the Special Payment Date.  The Contract Adjustment Payments payable on the Special Payment
Date shall be paid by wire transfer to the account designated by the Person
entitled to receive such payment by prior notice to the Company and the
Purchase Contract Agent.

 

Distributions
on the Applicable Ownership Interests in Senior Notes and distributions on the
Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (ii) of the definition of such term) and the Contract Adjustment
Payments will be payable at the office of the Purchase Contract Agent in New
York City, except that all payments with respect to Global Certificates will be
made by wire transfer of immediately available funds to the Depositary. If the
book-entry system for the Corporate Units has been terminated, the Contract
Adjustment Payments will be payable, at the option of the Company, by check
mailed to the address of the Person entitled thereto at such Person’s address
as it appears on the Security Register, or by wire transfer to the account
designated by such Person by prior written notice to the Purchase Contract
Agent.

 

Each Purchase
Contract evidenced hereby obligates the holder to agree, for United States
federal, state and local income and franchise tax purposes, to (i) treat its
acquisition of the Corporate Units as an acquisition of the Applicable
Ownership Interest in Senior Notes and Purchase Contract constituting each
Corporate Unit, (ii) treat the Applicable Ownership Interest in Senior Notes as
indebtedness of the Company and (iii) treat itself as the owner of the
applicable interests in the Collateral Account, including the Senior Notes
underlying the Applicable Ownership Interests in the Senior Notes or the
Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term).

 

Reference is
hereby made to the further provisions set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth
at this place.

 

Unless the
certificate of authentication hereon has been executed by the Purchase Contract
Agent by manual signature, this Corporate Units Certificate shall not be
entitled to any 

 

A-3

 

benefit under the Purchase Contract and Pledge Agreement or be valid or
obligatory for any purpose.

 

A-4

 

IN WITNESS
WHEREOF, the Company and the Holder specified above have caused this instrument
to be duly executed.

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HOLDER
  SPECIFIED ABOVE (as to 

  obligations of such Holder under the 

  Purchase Contracts)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  THE BANK OF NEW YORK, not individually but
  solely as 

  attorney-in-fact of such Holder

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
					

 

CERTIFICATE OF AUTHENTICATION

OF PURCHASE CONTRACT AGENT

 

This is one of
the Corporate Units Certificates referred to in the within mentioned Purchase
Contract and Pledge Agreement.

 

	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Purchase
  Contract Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
					

 

A-5

 

(REVERSE OF CORPORATE UNIT CERTIFICATE)

 

Each Purchase
Contract evidenced hereby is governed by a Purchase Contract and Pledge
Agreement, dated as of May [•], 2004 (as may be supplemented from
time to time, the “Purchase Contract and Pledge Agreement”),
between the Company and The Bank of New York, as Collateral Agent, as Custodial
Agent, as Securities Intermediary, as Purchase Contract Agent and as
attorney-in-fact for the holders of Corporate Units and Treasury Units from
time to time, to which Purchase Contract and Pledge Agreement and supplemental
agreements thereto reference is hereby made for a description of the respective
rights, limitations of rights, obligations, duties and immunities thereunder of
the Purchase Contract Agent, the Company, and the Holders and of the terms upon
which the Corporate Units Certificates are, and are to be, executed and
delivered.

 

Each Purchase
Contract evidenced hereby obligates the Holder of this Corporate Units
Certificate to purchase, and the Company to sell, on the Purchase Contract
Settlement Date at a price equal to the Stated Amount, a number of shares of
Common Stock equal to the Settlement Rate, unless an Early Settlement, a Cash
Merger Early Settlement or a Termination Event with respect to the Units of
which such Purchase Contract is a part shall have occurred.  The Settlement Rate is subject to adjustment
as described in the Purchase Contract and Pledge Agreement.

 

No fractional
shares of Common Stock will be issued upon settlement of Purchase Contracts, as
provided in Section 5.08 of the Purchase Contract and Pledge Agreement.

 

Each Purchase
Contract evidenced hereby that is settled through Early Settlement or Cash
Merger Early Settlement shall obligate the Holder of the related Corporate
Units to purchase at the Purchase Price, and the Company to sell, a number of
newly issued shares of Common Stock equal to the Minimum Settlement Rate (in
the case of an Early Settlement) or applicable Settlement Rate (in the case of
a Cash Merger Early Settlement).

 

In accordance
with the terms of the Purchase Contract and Pledge Agreement, unless a
Termination Event shall have occurred, the Holder of this Corporate Units
Certificate shall pay the Purchase Price for the shares of Common Stock
purchased pursuant to each Purchase Contract evidenced hereby by effecting a
Cash Settlement, an Early Settlement or, if applicable, a Cash Merger Early
Settlement or from the proceeds of the Applicable Ownership Interests in the
Treasury Portfolio (as specified in clause (i) of the definition of such term)
or a Remarketing of the Senior Notes underlying the Pledged Applicable
Ownership Interests in Senior Notes. Unless Applicable Ownership Interests in
the Treasury Portfolio have replaced Applicable Ownership Interests in Senior
Notes as a component of Corporate Units, a Holder of Corporate Units who (1)
does not, on or prior to 5:00 p.m. (New York City time) on the sixth Business
Day immediately preceding the Purchase Contract Settlement Date make an
effective Cash Settlement in the manner provided in the Purchase Contract and
Pledge Agreement or (2) on or prior to 5:00 p.m. (New York City time) on the
seventh Business Day immediately preceding the Purchase Contract Settlement
Date (in the case of Corporate Units, unless a Special Event 

 

A-6

 

Redemption has occurred) or the second Business Day immediately
preceding the Purchase Contract Settlement Date (in the case of Corporate Units
after the occurrence of a Special Event Redemption), does not make an effective
Early Settlement, shall pay the Purchase Price for the shares of Common Stock
to be delivered under the related Purchase Contract from the proceeds of the
sale of the Senior Notes underlying the Pledged Applicable Ownership Interests
in Senior Notes held by the Collateral Agent in the Remarketing unless the
Holder has previously made a Cash Merger Early Settlement.  If the Treasury Portfolio has replaced the
Senior Notes as a component of Corporate Units, a Holder of Corporate Units
shall pay the Purchase Price for the shares of Common Stock to be delivered
under the related Purchase Contract from the proceeds at maturity of the
Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term.

 

As provided in
the Purchase Contract and Pledge Agreement, upon the occurrence of a Failed
Final Remarketing, as of the Purchase Contract Settlement Date, each Holder of
any Pledged Applicable Interests in Senior Notes, unless such Holder has
elected Cash Settlement and delivered cash in accordance with Section 5.02(a)
of the Purchase Contract and Pledge Agreement, shall be deemed to have
exercised such Holder’s Put Right with respect to the Senior Notes underlying
such Applicable Ownership Interests in Senior Notes and to have elected to have
a portion of the Proceeds of the Put Right set-off against such Holder’s
obligation to pay the aggregate Purchase Price for the shares of Common Stock
to be issued under the related Purchase Contracts in full satisfaction of such
Holders’ obligations under such Purchase Contracts, and any accrued and unpaid
interest on the Senior Notes attributable to such Pledged Applicable Ownership
Interests in Senior Notes will become payable by the Company to the Holder of
this Corporate Units Certificate in the manner provided for in the Purchase
Contract and Pledge Agreement.

 

The Company
shall not be obligated to issue any shares of Common Stock in respect of a
Purchase Contract or deliver any certificates therefor to the Holder unless it
shall have received payment of the aggregate Purchase Price for the shares of
Common Stock to be purchased thereunder in the manner set forth in the Purchase
Contract and Pledge Agreement.

 

Each Purchase
Contract evidenced hereby and all obligations and rights of the Company and the
Holder thereunder shall terminate if a Termination Event shall occur.  Upon the occurrence of a Termination Event,
the Company shall give written notice to the Purchase Contract Agent and to the
Holders, at their addresses as they appear in the Security Register.  Upon and after the occurrence of a
Termination Event, the Collateral Agent shall release the Senior Notes
underlying the Pledged Applicable Ownership Interests in Senior Notes or the
Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term) forming a part of each Corporate
Unit from the Pledge.  A Corporate Unit
shall thereafter represent the right to receive the Senior Note underlying the
Applicable Ownership Interest in the Senior Notes or the Applicable Ownership
Interests in the Treasury Portfolio forming a part of such Corporate Units in
accordance with the terms of the Purchase Contract and Pledge Agreement.

 

A-7

 

Under the
terms of the Purchase Contract and Pledge Agreement, the Purchase Contract
Agent will be entitled to exercise the voting and any other consensual rights
pertaining to the Senior Notes underlying the Pledged Applicable Ownership
Interests in Senior Notes, but only to the extent instructed in writing by the
Holders.  Upon receipt of notice of any
meeting at which holders of Senior Notes are entitled to vote or upon any
solicitation of consents, waivers or proxies of holders of Senior Notes, the
Purchase Contract Agent shall, as soon as practicable thereafter, mail, first
class, postage pre-paid, to the Corporate Units Holders the notice required by
the Purchase Contract and Pledge Agreement.

 

Upon the
occurrence of a Special Event Redemption, the Collateral Agent shall surrender
the Senior Notes underlying the Pledged Applicable Ownership Interests in
Senior Notes against delivery of an amount equal to the aggregate Redemption
Price of such Senior Notes and shall deposit the funds in the Collateral
Account in exchange for such Senior Notes. 
Thereafter, the Collateral Agent shall cause the Securities Intermediary
to apply an amount equal to the aggregate Redemption Amount of such funds to
purchase, on behalf of the Holders of Corporate Units, the Treasury Portfolio.

 

Following the
occurrence of a Special Event Redemption prior to the Purchase Contract
Settlement Date, the Collateral Agent shall have such security interest rights
with respect to the Applicable Ownership Interests in the Treasury Portfolio
(as specified in clause (i) of the definition of such term) as the Collateral
Agent had in respect of Applicable Ownership Interests in Senior Notes and the
underlying Senior Notes, as provided in the Purchase Contract and Pledge
Agreement and any reference herein to the Senior Notes or Applicable Ownership
Interests in Senior Notes shall be deemed to be a reference to the Treasury
Portfolio or the Applicable Ownership Interests in the Treasury Portfolio, as
the case may be.

 

The Corporate
Units Certificates are issuable only in registered form and only in
denominations of a single Corporate Unit and any integral multiple
thereof.  The transfer of any Corporate
Units Certificate will be registered and Corporate Units Certificates may be
exchanged as provided in the Purchase Contract and Pledge Agreement.  A Holder who elects to substitute a Treasury
Security for the Senior Note underlying the Applicable Ownership Interests in
Senior Notes or Applicable Ownership Interests in the Treasury Portfolio, as
the case may be, thereby creating Treasury Units, shall be responsible for any
fees or expenses payable in connection therewith. Except as provided in the
Purchase Contract and Pledge Agreement, such Corporate Unit shall not be
separable into its constituent parts, and the rights and obligations of the
Holder of such Corporate Unit in respect of the Applicable Ownership Interest
in Senior Notes, or Applicable Ownership Interest in the Treasury Portfolio, as
the case may be, and Purchase Contract constituting such Corporate Units may be
transferred and exchanged only as a Corporate Unit.

 

Subject to,
and in compliance with, the conditions and terms set forth in the Purchase
Contract and Pledge Agreement, the Holder of Corporate Units may effect a
Collateral Substitution.  From and after
such Collateral Substitution, each Unit for which Pledged Treasury Securities
secure the Holder’s obligation under the Purchase Contract shall be referred to
as a “Treasury Unit”.  A Holder may make
such Collateral Substitution only in integral multiples of 

 

A-8

 

40 Corporate Units for 40 Treasury Units.  If Applicable Ownership Interests in the Treasury Portfolio have
replaced the Applicable Ownership Interests in Senior Notes as a component of
the Corporate Units, a Holder may substitute Treasury Securities for the
Applicable Ownership Interests in the Treasury Portfolio only in integral
multiples of [•]
Corporate Units.

 

Subject to and
upon compliance with the provisions of the Purchase Contract and Pledge
Agreement, at the option of the Holder thereof, Purchase Contracts underlying
Units may be settled early by effecting an Early Settlement as provided in the
Purchase Contract and Pledge Agreement in integral multiples of 40 Corporate
Units, or if Applicable Ownership Interests in the Treasury Portfolio have
replaced the Applicable Ownership Interests in Senior Notes as a component of
the Corporate Units, in integral multiples of [•] Corporate Units.

 

Upon Early
Settlement of Purchase Contracts by a Holder of the related Units, the Senior
Notes underlying the Pledged Applicable Ownership Interests in Senior Notes or
the Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term) underlying such Units shall be
released from the Pledge as provided in the Purchase Contract and Pledge
Agreement and the Holder shall be entitled to receive a number of shares of
Common Stock on account of each Purchase Contract forming part of a Corporate
Unit as to which Early Settlement is effected equal to the Minimum Settlement
Rate.

 

Upon the
occurrence of a Cash Merger, a Holder of Corporate Units may effect Cash Merger
Early Settlement of the Purchase Contracts underlying such Corporate Units
pursuant to the terms of the Purchase Contract and Pledge Agreement in integral
multiples of 40 Corporate Units, or if the Applicable Ownership Interests in
the Treasury Portfolio have replaced the Applicable Ownership Interests in
Senior Notes as a component of the Corporate Units, in integral multiples of [•] Corporate Units.  Upon Cash Merger Early Settlement of
Purchase Contracts by a Holder of the related Corporate Units, the Senior Notes
underlying the Pledged Applicable Ownership Interests in Senior Notes or the
Applicable Ownership Interests in the Treasury Portfolio (as specified in
clause (i) of the definition of such term) underlying such Corporate Units
shall be released from the Pledge as provided in the Purchase Contract and
Pledge Agreement and the Holder shall be entitled to receive a number of shares
of Common Stock on account of each Purchase Contract forming part of a
Corporate Unit as to which Cash Merger Early Settlement is effected equal to
the applicable Settlement Rate.

 

Upon
registration of transfer of this Corporate Units Certificate, the transferee
shall be bound (without the necessity of any other action on the part of such
transferee, except as may be required by the Purchase Contract Agent pursuant
to the Purchase Contract and Pledge Agreement), under the terms of the Purchase
Contract and Pledge Agreement and the Purchase Contracts evidenced hereby and
the transferor shall be released from the obligations under the Purchase
Contracts evidenced by this Corporate Units Certificate.  The Company covenants and agrees, and the
Holder, by its acceptance hereof, likewise covenants and agrees, to be bound by
the provisions of this paragraph.

 

The Holder of
this Corporate Units Certificate, by its acceptance hereof, authorizes the
Purchase Contract Agent to enter into and perform the related Purchase
Contracts forming part of 

 

A-9

 

the Corporate Units evidenced hereby on its behalf as its
attorney-in-fact, expressly withholds any consent to the assumption (i.e.,
affirmance) of the Purchase Contracts by the Company or its trustee in the
event that the Company becomes the subject of a case under the Bankruptcy Code,
agrees to be bound by the terms and provisions thereof, covenants and agrees to
perform its obligations under such Purchase Contracts, consents to the
provisions of the Purchase Contract and Pledge Agreement, authorizes the
Purchase Contract Agent to enter into and perform the Purchase Contract and
Pledge Agreement on its behalf as its attorney-in-fact, and consents to the
Pledge of the Applicable Ownership Interests in Senior Notes and the underlying
Senior Notes or the Applicable Ownership Interests in the Treasury Portfolio
(as specified in clause (i) of the definition of such term), as the case may
be, underlying this Corporate Units Certificate pursuant to the Purchase
Contract and Pledge Agreement.  The
Holder further covenants and agrees that, to the extent and in the manner
provided in the Purchase Contract and Pledge Agreement, but subject to the
terms thereof, any payments with respect the Senior Notes underlying the
Pledged Applicable Ownership Interests in Senior Notes (other than interest
payments thereon) or the Proceeds of the Applicable Ownership Interests in the
Treasury Portfolio (as specified in clause (i) of the definition of such term),
as the case may be, on the Purchase Contract Settlement Date equal to the
aggregate Purchase Price for the related Purchase Contracts shall be paid by
the Collateral Agent to the Company in satisfaction of such Holder’s
obligations under the related Purchase Contracts and such Holder shall acquire
no right, title or interest in such payments.

 

Subject to
certain exceptions, the provisions of the Purchase Contract and Pledge
Agreement may be amended with the consent of the Holders of a majority of the
Purchase Contracts.

 

The Purchase
Contracts shall be governed by, and construed in accordance with, the laws of
the State of New York, without giving effect to the conflicts of law provisions
thereof to the extent a different law would govern as a result.

 

The Purchase
Contracts shall not, prior to the settlement thereof, entitle the Holder to any
of the rights of a holder of shares of Common Stock.

 

Prior to due
presentment of this Certificate for registration of transfer, the Company, the
Purchase Contract Agent and its Affiliates and any agent of the Company or the
Purchase Contract Agent may treat the Person in whose name this Corporate Units
Certificate is registered as the owner of the Corporate Units evidenced hereby
for the purpose of receiving payments of interest payable on the Senior Notes
underlying the Applicable Ownership Interests in Senior Notes and payments of
Contract Adjustment Payments (subject to any applicable record date),
performance of the Purchase Contracts and for all other purposes whatsoever,
whether or not any payments in respect thereof be overdue and notwithstanding
any notice to the contrary, and neither the Company, the Purchase Contract
Agent nor any such agent shall be affected by notice to the contrary.

 

A copy of the
Purchase Contract and Pledge Agreement is available for inspection at the
offices of the Purchase Contract Agent.

 

A-10

 

ABBREVIATIONS

 

The following
abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM:

  	
   

  	
  as tenants
  in common

  
	
   

  	
   

  	
   

  
	
  UNIF GIFT
  MIN ACT:

  	
   

  	
   

  	
  Custodian

  	
   

  	
   

  
	
   

  	
   

  	
  (cust)

  	
   

  	
  (minor)

  	
   

  
	
   

  	
   

  	
  Under
  Uniform Gifts to Minors Act of

  
	
   

  	
   

  	
   

  
	
  TENANT:

  	
   

  	
  as tenants
  by the entireties

  
	
   

  	
   

  	
   

  
	
  JT TEN:

  	
   

  	
  as joint
  tenants with right of survivorship and not as tenants in common

  

 

Additional
abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

(Please insert Social
Security or Taxpayer I.D. or other Identifying Number of Assignee)

 

 

(Please Print or Type Name and Address Including Postal Zip Code of
Assignee)

 

the within Treasury Units Certificates and all rights thereunder,
hereby irrevocably constituting and appointing attorney
                                        ,
to transfer said Treasury Units Certificates on the books of Genworth
Financial, Inc., with full power of substitution in the premises.

 

	
  Dated:

  	
   

  	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NOTICE: The
  signature to this assignment must correspond with the name as it appears upon
  the face of the within Treasury Units Certificates in every particular,
  without alteration or enlargement or any change whatsoever.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Signature
  Guarantee:

  	
   

  	
   

  
							

 

A-11

 

SETTLEMENT INSTRUCTIONS

 

The
undersigned Holder directs that a certificate for shares of Common Stock
deliverable upon settlement on or after the Purchase Contract Settlement Date
of the Purchase Contracts underlying the number of Corporate Units evidenced by
this Corporate Units Certificate be registered in the name of, and delivered,
together with a check in payment for any fractional share, to the undersigned
at the address indicated below unless a different name and address have been
indicated below.  If shares are to be
registered in the name of a Person other than the undersigned, the undersigned
will pay any transfer tax payable incident thereto.

 

	

  
  Dated:

  	
   

  	
   

  	
   

  	
  (if assigned
  to another person)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  REGISTERED HOLDER

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  If shares
  are to be registered in the name of and delivered to a Person other than the
  Holder, please (i) print such Person’s name and address and (ii) provide a
  guarantee of your signature:

  	
   

  	
  Please print
  name and address of

  Registered Holder:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
  Name

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
  Address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social Security or other Taxpayer 

  Identification Number, if any

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature Guarantee:

  	
   

  	
   

  	
   

  	
   

  
								

 

A-12

 

ELECTION TO SETTLE EARLY/CASH MERGER EARLY
SETTLEMENT

 

The
undersigned Holder of this Corporate Units Certificate hereby irrevocably
exercises the option to effect [Early Settlement] [Cash Merger Early
Settlement] in accordance with the terms of the Purchase Contract and Pledge
Agreement with respect to the Purchase Contracts underlying the number of
Corporate Units evidenced by this Corporate Units Certificate specified
below.  The option to effect [Early
Settlement] [Cash Merger Early Settlement] may be exercised only with respect
to Purchase Contracts underlying Corporate Units in multiples of 40 Corporate
Units or an integral multiple thereof; provided that if Applicable Ownership
Interests in the Treasury Portfolio have replaced Applicable Ownership
Interests in the Senior Notes as a component of the Corporate Units, Corporate
Units Holders may only effect [Early Settlement] [Cash Merger Early Settlement]
in multiples of [•]
Corporate Units.  The undersigned Holder
directs that a certificate for shares of Common Stock or other securities
deliverable upon such [Early Settlement] [Cash Merger Early Settlement] be
registered in the name of, and delivered, together with a check in payment for
any fractional share and any Corporate Units Certificate representing any
Corporate Units evidenced hereby as to which [Early Settlement] [Cash Merger
Early Settlement] of the related Purchase Contracts is not effected, to the
undersigned at the address indicated below unless a different name and address
have been indicated below.  Senior Notes
underlying Pledged Applicable Ownership Interests in Senior Notes or the
Applicable Ownership Interests in the Treasury Portfolio, as the case may be,
deliverable upon such [Early Settlement] [Cash Merger Early Settlement] will be
transferred in accordance with the transfer instructions set forth below.  If shares are to be registered in the name
of a Person other than the undersigned, the undersigned will pay any transfer
tax payable incident thereto.

 

	
  Dated:

  	
   

  	
   

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  
	
  Signature Guarantee:

  	
   

  	
   

  
							

 

A-13

 

Number of Units
evidenced hereby as to which [Early Settlement] [Cash Merger Early Settlement]
of the related Purchase Contracts is being elected:

 

	
  If shares of Common Stock or Corporate
  Units Certificates are to be registered in the name of and delivered to, and
  Senior Notes underlying Pledged Applicable Ownership Interests in Senior
  Notes or the Applicable Ownership Interests in the Treasury Portfolio, as the
  case may be, are to be transferred, to a Person other than the Holder, please
  print such Person’s name and address:

  	
   

  	
  REGISTERED HOLDER

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please print
  name and address of

  Registered Holder:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
  Name

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
  Address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social Security or other Taxpayer 

  Identification Number, if any

  	
   

  	
   

  	
   

  

 

A-14

 

Transfer Instructions for Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes or the Applicable Ownership Interests in
the Treasury Portfolio, as the case may be, transferable upon [Early
Settlement] [Cash Merger Early Settlement]:

 

 

 

 

A-15

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
CERTIFICATE

 

The initial number of Corporate Units evidenced by this Global
Certificate is
[          ].  The following increases or decreases in this
Global Certificate have been made:

 

 

	
  Date

  	
   

  	
  Amount of
  increase

  in number of 

  Corporate Units 

  evidenced by the 

  Global Certificate

  	
   

  	
  Amount of
  decrease 

  in number of 

  Corporate Units 

  evidenced by the 

  Global Certificate

  	
   

  	
  Number of
  Corporate 

  Units evidenced by 

  this Global 

  Certificate following 

  such decrease or 

  increase

  	
   

  	
  Signature
  of 

  authorized signatory 

  of Purchase Contract 

  Agent

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

A-16

 

EXHIBIT B

 

(FORM OF FACE OF TREASURY UNIT CERTIFICATE)

 

[For inclusion
in Global Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN
THE MEANING OF THE PURCHASE CONTRACT AND PLEDGE AGREEMENT HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY. 
THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS
CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT
IN LIMITED CIRCUMSTANCES.

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

 

	
  No. 1

  	
   

  	
  CUSIP No. 
  37247D 50 2

  

Number of Treasury Units:

 

GENWORTH FINANCIAL, INC.

Treasury Units

 

This Treasury
Units Certificate certifies that
                     
is the registered Holder of the number of Treasury Units set forth above [For
inclusion in Global Certificates only - or such other number of Treasury Units
reflected in the Schedule of Increases or Decreases in Global Certificate
attached hereto, which number shall not exceed 24,000,000].  Each Treasury Unit consists of (i) a 1/40
undivided beneficial ownership interest in a Treasury Security having a
principal amount at maturity equal to $1,000, subject to the Pledge of such
Treasury Security by such Holder pursuant to the Purchase Contract and Pledge
Agreement, and (ii) the rights and obligations of the Holder under one Purchase
Contract with the Company.

 

All
capitalized terms used herein that are defined in the Purchase Contract and
Pledge Agreement (as defined on the reverse hereof) have the meaning set forth
therein.

 

B-1

 

Pursuant to
the Purchase Contract and Pledge Agreement, the Treasury Securities underlying
each Treasury Unit evidenced hereby have been pledged to the Collateral Agent,
for the benefit of the Company, to secure the obligations of the Holder under
the Purchase Contract comprising part of such Treasury Unit.

 

All Contract
Adjustment Payments shall be paid on the dates and in the manner set forth in
the Purchase Contract and Pledge Agreement. 
Such Contract Adjustment Payments shall be payable to the Person in
whose name this Treasury Units Certificate is registered at the close of
business on the Record Date for such Payment Date.

 

Each Purchase
Contract evidenced hereby obligates the Holder of this Treasury Units
Certificate to purchase, and the Company to sell, on the Purchase Contract
Settlement Date, at a Purchase Price equal to the Stated Amount, a number of
newly issued shares of Common Stock of the Company, equal to the Settlement
Rate, unless prior to or on the Purchase Contract Settlement Date there shall
have occurred a Termination Event, an Early Settlement or a Cash Merger Early
Settlement with respect to such Purchase Contract, all as provided in the
Purchase Contract and Pledge Agreement. 
The Purchase Price for the shares of Common Stock purchased pursuant to
each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on
the Purchase Contract Settlement Date by application of the proceeds from the
Treasury Securities at maturity pledged to secure the obligations under such
Purchase Contract of the Holder of the Treasury Units of which such Purchase
Contract is a part.

 

The Company
shall pay, on each Payment Date, in respect of each Purchase Contract forming
part of a Treasury Unit evidenced hereby, an amount (the “Contract Adjustment Payments”)
equal to [•]%
per year of the Stated Amount.  Contract
Adjustment Payments will accrue from (and including) May [•], 2004 to (but excluding) the earliest
of (i) the Purchase Contract Settlement Date, (ii) the Payment Date immediately
preceding any Early Settlement Date and (iii) any Cash Merger Early Settlement
Date.  Contract Adjustment Payments
payable on any Payment Date shall accrue from and including the immediately
preceding Payment Date on which Contract Adjustment Payments were paid (or if none,
the Special Payment Date) to but excluding such Payment Date.  Such Contract Adjustment Payments shall be
payable to the Person in whose name this Treasury Units Certificate is
registered at the close of business on the Record Date for such Payment Date.  In addition, the Company shall pay on May [•], 2004 (the “Special
Payment Date”), the Contract Adjusted Payments accrued to but
excluding the Special Payment Date to the Person in whose name a Certificate is
registered at the close of business on the Business Day immediately preceding
the Special Payment Date.  The Contract
Adjustment Payments payable on the Special Payment Date shall be paid by wire
transfer to the account designated by the Person entitled to receive such
payment by prior notice to the Company and the Purchase Contract Agent.

 

Contract
Adjustment Payments will be payable at the office of the Purchase Contract
Agent in New York City, except that Contract Adjustment Payments with respect
to Global Certificates will be made by wire transfer of immediately available
funds to the Depositary.  If the
book-entry system for the Corporate Units has been terminated, the Contract
Adjustment Payments will be payable, at the option of the Company, by check
mailed to the address of the 

 

B-2

 

Person entitled thereto at such Person’s address as it appears on the
Security Register, or by wire transfer to the account designated by such Person
by prior written notice to the Purchase Contract Agent.

 

Each Purchase
Contract evidenced hereby obligates the holder to agree, for United States
federal, state and local income and franchise tax purposes, to (i) treat its
acquisition of the Treasury Units as an acquisition of the Treasury Security
and Purchase Contracts constituting the Treasury Units and (ii) treat itself as
the owner of the applicable interest in the Treasury Securities.

 

Reference is
hereby made to the further provisions set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth
at this place.

 

Unless the
certificate of authentication hereon has been executed by the Purchase Contract
Agent by manual signature, this Treasury Units Certificate shall not be
entitled to any benefit under Purchase Contract and Pledge Agreement or be valid
or obligatory for any purpose.

 

B-3

 

IN WITNESS
WHEREOF, the Company and the Holder specified above have caused this instrument
to be duly executed.

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HOLDER
  SPECIFIED ABOVE (as to obligations of such Holder under the Purchase
  Contracts)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  THE BANK OF NEW YORK, not individually but
  solely as attorney-in-fact or such Holder

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
					

 

CERTIFICATE OF AUTHENTICATION OF

PURCHASE CONTRACT AGENT

 

This is one of
the Treasury Units referred to in the within-mentioned Purchase Contract and
Pledge Agreement.

 

	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Purchase
  Contract Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
					

 

B-4

 

(REVERSE OF TREASURY UNIT CERTIFICATE)

 

Each Purchase
Contract evidenced hereby is governed by a Purchase Contract and Pledge
Agreement, dated as of May [•], 2004 (as may be supplemented from
time to time, the “Purchase Contract and Pledge Agreement”)
between the Company and The Bank of New York, as Collateral Agent, as Custodial
Agent, as Securities Intermediary, as Purchase Contract Agent and as
attorney-in-fact for the holders of Corporate Units and Treasury Units from
time to time, to which Purchase Contract and Pledge Agreement and supplemental
agreements thereto reference is hereby made for a description of the respective
rights, limitations of rights, obligations, duties and immunities thereunder of
the Purchase Contract Agent, the Company and the Holders and of the terms upon
which the Treasury Units Certificates are, and are to be, executed and
delivered.

 

Each Purchase
Contract evidenced hereby obligates the Holder of this Treasury Units Certificate
to purchase, and the Company to sell, on the Purchase Contract Settlement Date
at a price equal to the Stated Amount, a number of newly issued shares of
Common Stock equal to the Settlement Rate, unless an Early Settlement, a Cash
Merger Early Settlement or a Termination Event with respect to the Unit of
which such Purchase Contract is a part shall have occurred. The Settlement Rate
is subject to adjustment as described in the Purchase Contract and Pledge
Agreement.

 

No fractional
shares of Common Stock will be issued upon settlement of Purchase Contracts, as
provided in Section 5.08 of the Purchase Contract and Pledge Agreement.

 

Each Purchase
Contract evidenced hereby that is settled through Early Settlement or Cash
Merger Early Settlement shall obligate the Holder of the related Treasury Units
to purchase at the Purchase Price and the Company to sell, a number of newly
issued shares of Common Stock equal to the Minimum Settlement Rate (in the case
of an Early Settlement) or applicable Settlement Rate (in the case of a Cash
Merger Early Settlement).

 

In accordance
with the terms of the Purchase Contract and Pledge Agreement, the Holder of
this Treasury Unit shall pay the Purchase Price for the shares of the Common
Stock to be purchased pursuant to each Purchase Contract evidenced hereby
either by effecting an Early Settlement or, if applicable, a Cash Merger Early
Settlement of each such Purchase Contract or by applying the proceeds of the
Pledged Treasury Securities underlying such Holder’s Treasury Unit equal to the
Purchase Price for such Purchase Contract to the purchase of the Common Stock.

 

The Company
shall not be obligated to issue any shares of Common Stock in respect of a
Purchase Contract or deliver any certificates therefor to the Holder unless it
shall have received payment of the aggregate Purchase Price for the shares of
Common Stock to be purchased thereunder in the manner set forth in the Purchase
Contract and Pledge Agreement.

 

Each Purchase
Contract evidenced hereby and all obligations and rights of the Company and the
Holder thereunder, shall terminate if a Termination Event shall occur.  Upon the 

 

B-5

 

occurrence of a Termination Event, the Company shall give written
notice to the Purchase Contract Agent and the Holders, at their addresses as
they appear in the Security Register. 
Upon and after the occurrence of a Termination Event, the Collateral
Agent shall release the Treasury Securities underlying each Treasury Unit from
the Pledge.  A Treasury Unit shall
thereafter represent the right to receive the Treasury Security underlying such
Treasury Unit, in accordance with the terms of the Purchase Contract and Pledge
Agreement.

 

The Treasury
Units Certificates are issuable only in registered form and only in
denominations of a single Treasury Unit and any integral multiple thereof.  The transfer of any Treasury Units
Certificate will be registered and Treasury Units Certificates may be exchanged
as provided in the Purchase Contract and Pledge Agreement.  A Holder who elects to substitute Senior
Notes or Applicable Ownership Interests in the Treasury Portfolio, as the case
may be, for Treasury Securities, thereby recreating Corporate Units, shall be
responsible for any fees or expenses payable in connection therewith. Except as
provided in the Purchase Contract and Pledge Agreement, such Treasury Unit
shall not be separable into its constituent parts, and the rights and
obligations of the Holder of such Treasury Unit in respect of the Treasury
Security and the Purchase Contract constituting such Treasury Unit may be
transferred and exchanged only as a Treasury Unit.

 

Subject to,
and in compliance with, the conditions and terms set forth in the Purchase
Contract and Pledge Agreement, the Holder of Treasury Units may effect a
Collateral Substitution. From and after such substitution, each Unit for which
Pledged Applicable Ownership Interests in Senior Notes, or Pledged Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, secure the
Holder’s obligation under the Purchase Contract shall be referred to as a
“Corporate Unit”.  A Holder may make
such Collateral substitution only in multiples of 40 Treasury Units for 40
Corporate Units.  If Applicable
Ownership Interests in the Treasury Portfolio have replaced the Applicable
Ownership Interests in Senior Notes as a component of the Corporate Units, a
Holder may substitute Applicable Ownership Interests in the Treasury Portfolio
for Treasury Securities only in integral multiples of [•] Treasury Units.

 

Subject to and
upon compliance with the provisions of the Purchase Contract and Pledge
Agreement, at the option of the Holder thereof, Purchase Contracts underlying
Units may be settled early by effecting an Early Settlement as provided in the
Purchase Contract and Pledge Agreement in integral multiples of 40 Treasury
Units.

 

Upon Early
Settlement of Purchase Contracts by a Holder of the related Units, the Pledged
Treasury Securities underlying such Units shall be released from the Pledge as
provided in the Purchase Contract and Pledge Agreement and the Holder shall be
entitled to receive a number of shares of Common Stock on account of each
Purchase Contract forming part of a Treasury Unit as to which Early Settlement
is effected equal to the Minimum Settlement Rate.

 

Upon the
occurrence of a Cash Merger, a Holder of Treasury Units may effect Cash Merger
Early Settlement of the Purchase Contracts underlying such Treasury Units
pursuant to the terms of the Purchase Contract and Pledge Agreement in integral
multiples of 40 Treasury Units.  Upon
Cash Merger Early Settlement of Purchase Contracts by a Holder of the related 

 

B-6

 

Treasury Units, the Pledged Treasury Securities underlying such
Treasury Units shall be released from the Pledge as provided in the Purchase
Contract and Pledge Agreement and the Holder shall be entitled to receive a
number of shares of Common Stock on account of each Purchase Contract forming
part of a Corporate Unit as to which Cash Merger Early Settlement is effected
equal to the applicable Settlement Rate..

 

Upon
registration of transfer of this Treasury Units Certificate, the transferee
shall be bound (without the necessity of any other action on the part of such
transferee, except as may be required by the Purchase Contract Agent pursuant
to the Purchase Contract and Pledge Agreement), under the terms of the Purchase
Contract and Pledge Agreement and the Purchase Contracts evidenced hereby and
the transferor shall be released from the obligations under the Purchase
Contracts evidenced by this Treasury Units Certificate.  The Company covenants and agrees, and the
Holder, by its acceptance hereof, likewise covenants and agrees, to be bound by
the provisions of this paragraph.

 

The Holder of
this Treasury Units Certificate, by its acceptance hereof, authorizes the
Purchase Contract Agent to enter into and perform the related Purchase
Contracts forming part of the Treasury Units evidenced hereby on its behalf as
its attorney-in-fact, expressly withholds any consent to the assumption (i.e.,
affirmance) of the Purchase Contracts by the Company or its trustee in the
event that the Company becomes the subject of a case under the Bankruptcy Code,
agrees to be bound by the terms and provisions thereof, covenants and agrees to
perform its obligations under such Purchase Contracts, consents to the
provisions of the Purchase Contract and Pledge Agreement, authorizes the
Purchase Contract Agent to enter into and perform the Purchase Contract and
Pledge Agreement on its behalf as its attorney-in-fact, and consents to the
Pledge of the Treasury Securities underlying this Treasury Units Certificate
pursuant to the Purchase Contract and Pledge Agreement.  The Holder further covenants and agrees,
that, to the extent and in the manner provided in the Purchase Contract and
Pledge Agreement, but subject to the terms thereof, payments in respect to the
aggregate principal amount at maturity of the Pledged Treasury Securities on
the Purchase Contract Settlement Date equal to the aggregate Purchase Price for
the related Purchase Contracts shall be paid by the Collateral Agent to the
Company in satisfaction of such Holder’s obligations under such Purchase
Contracts and such Holder shall acquire no right, title or interest in such
payments.

 

Subject to
certain exceptions, the provisions of the Purchase Contract and Pledge
Agreement may be amended with the consent of the Holders of a majority of the
Purchase Contracts.

 

The Purchase
Contracts shall be governed by, and construed in accordance with, the laws of
the State of New York, without giving effect to the conflicts of law provisions
thereof to the extent a different law would govern as a result.

 

The Purchase
Contracts shall not, prior to the settlement thereof, entitle the Holder to any
of the rights of a holder of shares of Common Stock.

 

B-7

 

Prior to due
presentment of this Certificate for registration of transfer, the Company, the
Purchase Contract Agent and its Affiliates and any agent of the Company or the
Purchase Contract Agent may treat the Person in whose name this Treasury Units
Certificate is registered as the owner of the Treasury Units evidenced hereby
for the purpose of receiving payments of Contract Adjustment Payments (subject
to any applicable record date), performance of the Purchase Contracts and for
all other purposes whatsoever, whether or not any payments in respect thereof
be overdue and notwithstanding any notice to the contrary, and neither the
Company, the Purchase Contract Agent nor any such agent shall be affected by
notice to the contrary.

 

A copy of the
Purchase Contract and Pledge Agreement is available for inspection at the
offices of the Purchase Contract Agent.

 

B-8

 

ABBREVIATIONS

 

The following
abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM:

  	
   

  	
  as tenants
  in common

  
	
   

  	
   

  	
   

  
	
  UNIF GIFT
  MIN ACT:

  	
   

  	
   

  	
  Custodian

  	
   

  	
   

  
	
   

  	
   

  	
  (cust)

  	
   

  	
  (minor)

  	
   

  
	
   

  	
   

  	
  Under
  Uniform Gifts to Minors Act of

  
	
   

  	
   

  	
   

  
	
  TENANT:

  	
   

  	
  as tenants
  by the entireties

  
	
   

  	
   

  	
   

  
	
  JT TEN:

  	
   

  	
  as joint
  tenants with right of survivorship and not as tenants in common

  

 

Additional
abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

 

(Please insert Social
Security or Taxpayer I.D. or other Identifying Number of Assignee)

 

 

 

(Please Print or Type Name and Address Including Postal Zip Code of
Assignee)

 

the within Corporate Units Certificates and all rights thereunder,
hereby irrevocably constituting and appointing attorney
                                         ,
to transfer said Corporate Units Certificates on the books of Genworth
Financial, Inc., with full power of substitution in the premises.

 

	
  Dated:

  	
   

  	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NOTICE: The
  signature to this assignment must correspond with the name as it appears upon
  the face of the within Corporate Units Certificates in every particular,
  without alteration or enlargement or any change whatsoever.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Signature
  Guarantee:

  	
   

  	
   

  
							

 

B-9

 

SETTLEMENT INSTRUCTIONS

 

The undersigned Holder directs that a certificate for shares of Common
Stock deliverable upon settlement on or after the Purchase Contract Settlement
Date of the Purchase Contracts underlying the number of Treasury Units
evidenced by this Treasury Units Certificate be registered in the name of, and
delivered, together with a check in payment for any fractional share, to the
undersigned at the address indicated below unless a different name and address
have been indicated below.  If shares
are to be registered in the name of a Person other than the undersigned, the
undersigned will pay any transfer tax payable incident thereto.

 

	
  Dated:

  	
   

  	
   

  	
  (if assigned
  to another person)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  REGISTERED
  HOLDER

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  If shares
  are to be registered in the name of and delivered to a Person other than the
  Holder, please (i) print such Person’s name and address and (ii) provide a
  guarantee of your signature:

  	
   

  	
  Please print
  name and address of

  Registered Holder:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
  Name

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
  Address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social Security or other Taxpayer 

  Identification Number, if any

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
   

  	
   

  	
   

  
	
  Signature Guarantee:

  	
   

  	
   

  	
   

  	
   

  
							

 

B-10

 

ELECTION TO SETTLE EARLY/CASH MERGER EARLY
SETTLEMENT

 

The
undersigned Holder of this Treasury Units Certificate hereby irrevocably
exercises the option to effect [Early Settlement] [Cash Merger Early
Settlement] in accordance with the terms of the Purchase Contract and Pledge
Agreement with respect to the Purchase Contracts underlying the number of
Treasury Units evidenced by this Treasury Units Certificate specified
below.  The option to effect [Early
Settlement] [Cash Merger Early Settlement] may be exercised only with respect
to Purchase Contracts underlying Treasury Units in multiples of 40 Treasury
Units or an integral multiple thereof. 
The undersigned Holder directs that a certificate for shares of Common
Stock or other securities deliverable upon such [Early Settlement] [Cash Merger
Early Settlement] be registered in the name of, and delivered, together with a
check in payment for any fractional share and any Treasury Units Certificate
representing any Treasury Units evidenced hereby as to which [Early Settlement]
[Cash Merger Early Settlement] of the related Purchase Contracts is not
effected, to the undersigned at the address indicated below unless a different
name and address have been indicated below. 
Pledged Treasury Securities deliverable upon such [Early Settlement]
[Cash Merger Early Settlement] will be transferred in accordance with the
transfer instructions set forth below. 
If shares are to be registered in the name of a Person other than the
undersigned, the undersigned will pay any transfer tax payable incident
thereto.

 

	
  Dated:

  	
   

  	
   

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  
	
  Signature Guarantee:

  	
   

  	
   

  
								

 

B-11

 

Number of Units evidenced hereby as to which [Early Settlement] [Cash
Merger Early Settlement] of the related Purchase Contracts is being elected:

 

	
  If shares of Common Stock or Treasury Units Certificates are to be
  registered in the name of and delivered to, and Pledged Treasury Securities,
  as the case may be, are to be transferred to, a Person other than the Holder,
  please print such Person’s name and address:

  	
   

  	
  REGISTERED HOLDER

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please print
  name and address of

  Registered Holder:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
  Name

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
  Address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social Security or other Taxpayer 

  Identification Number, if any

  	
   

  	
   

  	
   

  

 

B-12

 

Transfer
Instructions for Pledged Treasury Securities transferable upon [Early
Settlement] [Cash Merger Early Settlement]:

 

 

 

 

B-13

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
CERTIFICATE

 

The initial number of Treasury Units evidenced by this Global
Certificate is [        ].  The following increases or decreases in this
Global Certificate have been made:

 

	
  Date

  	
   

  	
  Amount of
  increase 
 in number of 

  Treasury Units 

  evidenced by the  

  Global Certificate

  	
   

  	
  Amount of
  decrease 

  in number of  

  Treasury Units 

  evidenced by the 

  Global Certificate

  	
   

  	
  Number of
  Treasury

  Units
  evidenced by

  this Global 

  Certificate following  

  such decrease or 

  increase

  	
   

  	
  Signature
  of 

  authorized signatory  

  of Purchase Contract  

  Agent

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

B-14

 

EXHIBIT C

 

INSTRUCTION
TO PURCHASE CONTRACT AGENT FROM HOLDER

(To Create Treasury Units or Corporate Units)

 

The Bank of
New York,

as Purchase Contract Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate Finance Unit

 

Re:                             [               
Corporate Units]
[             
Treasury Units] of Genworth Financial, Inc., a Delaware corporation  (the “Company”).

 

The
undersigned Holder hereby notifies you that it has delivered to
[                      ],
as Securities Intermediary, for credit to the Collateral Account,
$              
Value of [Senior Notes] [Applicable Ownership Interests in the Treasury
Portfolio] [Treasury Securities] in exchange for an equal Value of [Pledged
Treasury Securities] [Senior Notes underlying Pledged Applicable Ownership
Interests in Senior Notes] [Pledged Applicable Ownership Interests in the
Treasury Portfolio] held in the Collateral Account, in accordance with the
Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Agreement”;
unless otherwise defined herein, terms defined in the Agreement are used herein
as defined therein), between the Company and The Bank of New York, as
Collateral Agent, as Custodial Agent, as Securities Intermediary, as Purchase
Contract Agent and as attorney-in-fact for the holders of Corporate Units and
Treasury Units from time to time.  The
undersigned Holder has paid all applicable fees and expenses relating to such
exchange.  The undersigned Holder hereby
instructs you to instruct the Collateral Agent to release to you on behalf of
the undersigned Holder the [Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes] [Pledged Applicable Ownership Interests in
the Treasury Portfolio] [Pledged Treasury Securities] related to such
[Corporate Units] [Treasury Units].

 

	
  Date:

  	
   

  	
   

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature Guarantee:

  	
   

  	
   

  
									

 

C-1

 

Please print name and address of Registered Holder:

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
  Social
  Security or other Taxpayer 

  Identification Number, if any

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

C-2

 

EXHIBIT D

 

NOTICE
FROM PURCHASE CONTRACT AGENT

TO HOLDERS UPON TERMINATION EVENT

 

(Transfer of Collateral upon Occurrence of a
Termination Event)

 

[HOLDER]

 

 

 

 

 

Attention:

Telecopy:

 

Re:                               [                    
Corporate Units] [          
Treasury Units] of Genworth Financial, Inc., an Delaware corporation (the “Company”)

 

Please refer
to the Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Purchase
Contract and Pledge Agreement”; unless otherwise defined herein,
terms defined in the Purchase Contract and Pledge Agreement are used herein as
defined therein), between the Company and The Bank of New York, as Collateral
Agent, as Custodial Agent, as Securities Intermediary, as Purchase Contract
Agent and as attorney-in-fact for the holders of Corporate Units and Treasury
Units from time to time.

 

We hereby
notify you that a Termination Event has occurred and that [the Senior Notes
underlying the Pledged Applicable Ownership Interests in Senior Notes] [the
Pledged Applicable Ownership Interests in the Treasury Portfolio] [the Treasury
Securities] compromising a portion of your ownership interest in
         [Corporate Units] [Treasury
Units] have been released and are being held by us for your account pending
receipt of transfer instructions with respect to such [Senior Notes] [Pledged
Applicable Ownership Interests in the Treasury Portfolio] [Pledged Treasury
Securities] (the “Released Securities”).

 

Pursuant to
Section 3.15 of the Purchase Contract and Pledge Agreement, we hereby request
written transfer instructions with respect to the Released Securities. Upon
receipt of your instructions and upon transfer to us of your [Corporate Units]
[Treasury Units] effected through book-entry or by delivery to us of your
[Corporate Units Certificate] [Treasury Units Certificate], we shall transfer
the Released Securities by book-entry transfer or other appropriate procedures,
in accordance with your instructions. 
In the event you fail to effect such transfer or delivery, the Released
Securities and any distributions thereon, shall be held in our name, or a
nominee in trust for your benefit, until such time as such [Corporate Units]
[Treasury Units] are transferred or your [Corporate Units Certificate]
[Treasury Units Certificate] is surrendered or satisfactory evidence is
provided that such [Corporate Units Certificate] [Treasury Units Certificate]
has been destroyed, lost or stolen, together with any indemnification that we
or the Company may require.

 

D-1

 

	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Purchase
  Contract Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  

 

D-2

 

EXHIBIT E

 

NOTICE TO SETTLE BY SEPARATE CASH

 

The Bank of New York,

as Purchase Contract Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate Finance Unit

 

Re:                                             
Corporate Units of Genworth Financial, Inc., a Delaware corporation (the “Company”)

 

The
undersigned Holder hereby irrevocably notifies you in accordance with Section
5.02 of the Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Purchase
Contract and Pledge Agreement”; unless otherwise defined herein,
terms defined in the Purchase Contract and Pledge Agreement are used herein as
defined therein), between the Company and The Bank of New York, as Collateral
Agent, as Custodial Agent, as Securities Intermediary, as Purchase Contract
Agent and as attorney-in-fact for the Holders of the Corporate Units and
Treasury Units from time to time, that such Holder has elected to pay to the
Securities Intermediary for deposit in the Collateral Account, prior to 5:00
p.m. (New York City time) on the sixth Business Day immediately preceding the
Purchase Contract Settlement Date (in lawful money of the United States by
certified or cashiers’ check or wire transfer, in immediately available funds
payable to or upon the order of the Securities Intermediary),
$             as
the Purchase Price for the shares of Common Stock issuable to such Holder by
the Company with respect to
            
Purchase Contracts on the Purchase Contract Settlement Date.  The undersigned Holder hereby instructs you
to notify promptly the Collateral Agent of the undersigned Holders’ election to
make such Cash Settlement with respect to the Purchase Contracts related to
such Holder’s Corporate Units.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature Guarantee:

  	
   

  

 

Please print name and address of Registered Holder:

 

 

 

E-1

 

EXHIBIT F

 

RESERVED

 

 

F-1

 

EXHIBIT
G

 

INSTRUCTION

FROM PURCHASE CONTRACT AGENT

TO COLLATERAL AGENT

(Creation of Treasury Units)

 

The Bank of New York,

as Collateral Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                                            
Corporate Units of Genworth Financial, Inc. (the “Company”)

 

Please refer
to the Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Agreement”), among the Company and The Bank
of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time. Capitalized
terms used herein but not defined shall have the meaning set forth in the Agreement.

 

We hereby
notify you in accordance with Section 3.13 of the Agreement that the holder of
securities named below (the “Holder”)
has elected to substitute
$                  
Value of Treasury Securities or security entitlements with respect thereto in
exchange for an equal Value of [Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes] [Pledged Applicable Ownership Interests in
the Treasury Portfolio] relating to
                 
Corporate Units and has delivered to the undersigned a notice stating that the
Holder has Transferred such Treasury Securities or security entitlements with
respect thereto to the Securities Intermediary, for credit to the Collateral
Account.

 

G-1

 

We hereby
request that you instruct the Securities Intermediary, upon confirmation that
such Treasury Securities or security entitlements thereto have been credited to
the Collateral Account, to release to the undersigned an equal Value of [Senior
Notes underlying Pledged Applicable Ownership Interests in Senior Notes]
[Pledged Applicable Ownership Interests in the Treasury Portfolio] or security
entitlements with respect thereto related to
            
Corporate Units of such Holder in accordance with Section 3.13 of the
Agreement.

 

	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Purchase
  Contract Agent and as 

  attorney-in-fact of the Holders from 

  time to time of the Units

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  

 

G-2

 

Please print name and address
of Holder electing to substitute Treasury Securities or security entitlements
with respect thereto for the [Senior Notes underlying Pledged Applicable
Ownership Interests in Senior Notes] [Pledged Applicable Ownership Interests in
the Treasury Portfolio]:

 

	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Social
  Security or other Taxpayer 

  Identification Number, if any

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

G-3

 

EXHIBIT H

 

INSTRUCTION

FROM COLLATERAL AGENT

TO SECURITIES INTERMEDIARY
(Creation of Treasury
Units)

 

The Bank of New York,

as Securities Intermediary

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                                               
Corporate Units of Genworth Financial, Inc. (the “Company”)

 

The securities
account of The Bank of New York, as Collateral Agent, maintained by the
Securities Intermediary and designated “The Bank of New York, as Collateral
Agent of Genworth Financial, Inc., as pledgee of The Bank of New York, as the
Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders”
(the “Collateral Account”)

 

Please refer
to the Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Agreement”), between the Company and The
Bank of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time. Capitalized
terms used herein but not defined shall have the meaning set forth in the
Agreement.

 

When you have
confirmed that
$                  
Value of Treasury Securities or security entitlements with respect thereto has
been credited to the Collateral Account by or for the benefit of
                ,
as Holder of Corporate Units (the “Holder”),
you are hereby instructed to release from the Collateral Account an equal Value
of [Senior Notes underlying Pledged Applicable Ownership Interests in Senior
Notes] [Pledged Applicable Ownership Interests in the Treasury Portfolio] or
security entitlements with respect thereto relating to
            
Corporate Units of the Holder by Transfer to the Purchase Contract Agent.

 

H-1

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as
  Collateral Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  

 

H-2

 

EXHIBIT I

 

INSTRUCTION

FROM PURCHASE CONTRACT AGENT

TO COLLATERAL AGENT

(Recreation of Corporate Units )

 

The Bank of New York,

as Collateral Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                                                              
Treasury Units of Genworth Financial, Inc. (the “Company”)

 

Please refer
to the Purchase Contract and Pledge Agreement dated as of May [•], 2004 (the “Agreement”), between the Company and The
Bank of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time.  Capitalized terms used herein but not
defined shall have the meaning set forth in the Agreement.

 

We hereby
notify you in accordance with Section 3.14 of the Agreement that the holder of
securities named below (the “Holder”)
has elected to substitute
$                     
Value of [Senior Notes] [Applicable Ownership Interests in the Treasury
Portfolio] or security entitlements with respect thereto in exchange for
$              
Value of Pledged Treasury Securities relating to
             
Treasury Units and has delivered to the undersigned a notice stating that the
holder has Transferred such [Senior Notes] [Applicable Ownership Interests in
the Treasury Portfolio] or security entitlements with respect thereto to the
Securities Intermediary, for credit to the Collateral Account.

 

I-1

 

We hereby
request that you instruct the Securities Intermediary, upon confirmation that
such [Senior Notes] [Applicable Ownership Interests in the Treasury Portfolio]
or security entitlements with respect thereto have been credited to the
Collateral Account, to release to the undersigned
$              
Value of Treasury Securities or security entitlements with respect thereto
related to              
Treasury Units of such Holder in accordance with Section 3.14 of the Agreement.

 

	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Purchase
  Contract Agent

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  
					

 

I-2

 

Please print name and address
of Holder electing to substitute [Senior Notes] [Applicable Ownership Interests
in the Treasury Portfolio] or security entitlements with respect thereto for
Pledged Treasury Securities:

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name

  	
   

  	
   

  	
  Social
  Security or other Taxpayer 

  Identification Number, if any

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

I-3

 

EXHIBIT J

 

INSTRUCTION

FROM COLLATERAL AGENT

TO SECURITIES INTERMEDIARY
(Recreation of
Corporate Units)

 

The Bank of New York,

as Securities Intermediary

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                                                          
Treasury Units of Genworth Financial, Inc. (the “Company”)

 

The securities
account of The Bank of New York,  as
Collateral Agent, maintained by the Securities Intermediary and designated “The
Bank of New York, as Collateral Agent of Genworth Financial, Inc., as pledgee
of The Bank of New York, as the Purchase Contract Agent on behalf of and as
attorney-in-fact for the Holders” (the “Collateral
Account”)

 

Please refer
to the Purchase Contract and Pledge Agreement dated as of May [•], 2004 (the “Agreement”), among the Company and The Bank
of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time.  Capitalized terms used herein but not
defined shall have the meaning set forth in the Agreement.

 

When you have
confirmed that $
                      
Value of [Senior Notes] [Applicable Ownership Interests in the Treasury
Portfolio] or security entitlements with respect thereto has been credited to
the Collateral Account by or for the benefit of
                         ,
as Holder of Treasury Units (the “Holder”),
you are hereby instructed to release from the Collateral Account
$                       
Value of Treasury Securities or security entitlements thereto by Transfer to
the Purchase Contract Agent.

 

J-1

 

	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as Collateral
  Agent

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  
					

 

J-2

 

EXHIBIT K

 

NOTICE OF CASH SETTLEMENT FROM COLLATERAL

AGENT TO PURCHASE CONTRACT AGENT
(Cash Settlement
Amounts)

 

The Bank of New York,

as Purchase Contract Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                                                           
Corporate Units of Genworth Financial, Inc. (the “Company”)

 

Please refer
to the Purchase Contract and Pledge Agreement dated as of May [•], 2004 (the “Agreement”), between the Company and The
Bank of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time.  Unless otherwise defined herein, terms
defined in the Agreement are used herein as defined therein.

 

In accordance
with Section 5.02(a)(iv) of the Agreement, we hereby notify you that as of 5:00
p.m. (New York City time) on the sixth Business Day immediately preceding [•], 2007 (the “Purchase Contract Settlement Date”), we
have received (i) $
               
in immediately available funds paid in an aggregate amount equal to the
Purchase Price due to the Company on the Purchase Contract Settlement Date with
respect to
                     
Corporate Units and (ii) based on the funds received set forth in clause (i)
above, an aggregate principal amount of
$                       
of Senior Notes underlying Pledged Applicable Ownership Interests in Senior
Notes are to be offered for purchase in each Remarketing.

 

K-1

 

	
   

  	
  THE BANK OF NEW YORK,

  
	
   

  	
   

  	
  as
  Collateral Agent

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
  Authorized
  Signatory

  
					

 

K-2

 

EXHIBIT L

 

INSTRUCTION TO CUSTODIAL AGENT REGARDING REMARKETING

 

The Bank of New York,

as Custodial Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate
Finance Unit

 

Re:                               Senior
Notes Due 2009 of Genworth Financial, Inc. (the “Company”)

 

The
undersigned hereby notifies you in accordance with Section 5.02(b)(ii) of the
Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Agreement”), between the Company and The
Bank of New York, as Collateral Agent, as Custodial Agent, as Securities
Intermediary, as Purchase Contract Agent and as attorney-in-fact for the holders
of Corporate Units and Treasury Units from time to time, that the undersigned
elects to deliver
$                                
aggregate principal amount of Separate Senior Notes for delivery to the
Remarketing Agent prior to 5:00 p.m. (New York City time) on the seventh
Business Day immediately preceding the Purchase Contract Settlement Date for
remarketing pursuant to Section 5.02(b)(ii) of the Agreement.  The undersigned will, upon request of the
Remarketing Agent, execute and deliver any additional documents deemed by the
Remarketing Agent or by the Company to be necessary or desirable to complete
the sale, assignment and transfer of the Separate Senior Notes tendered
hereby.  Capitalized terms used herein but
not defined shall have the meaning set forth in the Agreement.

 

The
undersigned hereby instructs you, upon receipt of the Proceeds of a Successful
Remarketing from the Remarketing Agent, to deliver such Proceeds to the
undersigned in accordance with the instructions indicated herein under “A.  Payment Instructions.”  The undersigned hereby instructs you, in the
event of a Failed Final Remarketing, upon receipt of the Separate Senior Notes
tendered herewith from the Remarketing Agent, to deliver such Separate Senior
Notes to the person(s) and the address(es) indicated herein under “B.  Delivery Instructions.”

 

With this
notice, the undersigned hereby (i) represents and warrants that the undersigned
has full power and authority to tender, sell, assign and transfer the Separate
Senior Notes tendered hereby and that the undersigned is the record owner of
any Separate Senior Notes tendered herewith in physical form or a participant
in The Depositary Trust Company (“DTC”) and the beneficial owner of any
Separate Senior Notes tendered herewith by book-entry transfer to your account
at DTC, (ii) agrees to be bound by the terms and conditions of Section 5.02(b)
of the Agreement and (iii) acknowledges and agrees that after 5:00 p.m. (New
York City time) on the seventh Business Day immediately preceding the Purchase
Contract Settlement Date, such election shall become an irrevocable election to
have such Separate Senior Notes remarketed in 

 

L-1

 

each Remarketing, and that the Separate Senior Notes tendered herewith
will only be returned in the event of a Failed Final Remarketing.  

 

	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Signature
  Guarantee:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Social Security or other Taxpayer

  Identification Number, if any

  
									

 

L-2

 

A.            PAYMENT INSTRUCTIONS

 

Proceeds of a Successful
Remarketing should be paid by check in the name of the person(s) set forth
below and mailed to the address set forth below.

 

	
  Name(s)

  	
   

  	
   

  
	
   

  	
  (Please
  Print)

  	
   

  
	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
   

  
	
   

  	
  (Please
  Print)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  (Zip Code)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  (Tax Identification or Social Security Number)

  	
   

  
				

 

B.            DELIVERY INSTRUCTIONS

 

In the event of a Failed Final
Remarketing, Senior Notes which are in physical form should be delivered to the
person(s) set forth below and mailed to the address set forth below.

 

	
  Name(s)

  	
   

  	
   

  
	
   

  	
  (Please
  Print)

  	
   

  
	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
   

  
	
   

  	
  (Please
  Print)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  (Zip Code)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  (Tax Identification or Social Security Number)

  	
   

  
				

 

In the event of a Failed Final
Remarketing, Senior Notes which are in book-entry form should be credited to
the account at The Depository Trust Company set forth below.

 

 

	
   

  	
   

  	
   

  
	
  DTC Account
  Number

  	
   

  
	
   

  	
   

  
	
  Name of
  Account Party:

  	
   

  	
   

  
					

 

L-3

 

EXHIBIT M

 

INSTRUCTION TO CUSTODIAL AGENT REGARDING

WITHDRAWAL FROM REMARKETING

 

The Bank of New York,

as Custodial Agent

101 Barclay Street, 8W

New York, NY 10286

Telecopier No.: 212-815-5707

Attention: Corporate Trust
Division –

Corporate Finance
Unit

 

Re:          Senior Notes Due 2009
of Genworth Financial, Inc. (the “Company”)

 

The
undersigned hereby notifies you in accordance with Section 5.02(b)(ii) of the
Purchase Contract and Pledge Agreement, dated as of May [•], 2004 (the “Agreement”),
among the Company and you, as Collateral Agent, Custodial Agent and Securities
Intermediary, and The Bank of New York, as Purchase Contract Agent and as
attorney-in-fact for the holders of Corporate Units and Treasury Units from
time to time, that the undersigned elects to withdraw the
$                     
aggregate principal amount of Separate Senior Notes delivered to you for
Remarketing pursuant to Section 5.02 of the Agreement.  The undersigned hereby instructs you to
return such Separate Senior Notes to the undersigned in accordance with the
undersigned’s instructions.  With this
notice, the Undersigned hereby agrees to be bound by the terms and conditions
of Section 5.02(b) of the Agreement. 
Capitalized terms used herein but not defined shall have the meaning set
forth in the Agreement.

 

	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Signature
  Guarantee:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Social
  Security or other Taxpayer 

  
	
  Address

  	
   

  	
   

  	
  Identification
  Number, if any

  
	
   

  	
   

  	
   

  	
   

  
	
  +

  	
   

  	
   

  	
   

  

 

M-1Exhibit 10.1

 

MASTER AGREEMENT

 

AMONG

 

GENERAL ELECTRIC COMPANY,

 

GENERAL ELECTRIC CAPITAL CORPORATION,

 

GEI, INC.,

 

GE FINANCIAL ASSURANCE HOLDINGS, INC.

 

AND

 

GENWORTH FINANCIAL, INC.

 

Dated May   , 2004

 

 

TABLE OF CONTENTS

 

	
  ARTICLE I

  	
  DEFINITIONS

  	
   

  
	
  1.1

  	
  Certain
  Definitions

  	
   

  
	
  1.2

  	
  Other Terms

  	
   

  
	
  ARTICLE II

  	
  THE SEPARATION

  	
   

  
	
  2.1

  	
  Transfer
  of Assets; Assumption of Liabilities; Consideration

  	
   

  
	
  2.2

  	
  Genworth
  Assets

  	
   

  
	
  2.3

  	
  Genworth
  Liabilities

  	
   

  
	
  2.4

  	
  Termination of Agreements

  	
   

  
	
  2.5

  	
  DISCLAIMER
  OF REPRESENTATIONS AND WARRANTIES

  	
   

  
	
  2.6

  	
  Governmental
  Approvals and Consents; Delayed Transfer Assets and Liabilities

  	
   

  
	
  2.7

  	
  Novation of
  Assumed Genworth Liabilities

  	
   

  
	
  2.8

  	
  Novation
  of Liabilities other than Genworth Liabilities

  	
   

  
	
  2.9

  	
  European Creditor Business

  	
   

  
	
  2.10

  	
  FACL Bonds

  	
   

  
	
  ARTICLE III

  	
  INTERCOMPANY
  TRANSACTIONS AS OF THE CLOSING DATE

  	
   

  
	
  3.1

  	
  Time and Place of Closing

  	
   

  
	
  3.2

  	
  Pre-Closing
  Transactions

  	
   

  
	
  3.3

  	
  Closing
  Transactions

  	
   

  
	
  3.4

  	
  Amended
  and Restated Certificate of Incorporation and Amended and Restated Bylaws

  	
   

  
	
  3.5

  	
  Transfers
  of Assets and Assumption of Liabilities

  	
   

  
	
  3.6

  	
  Transfer
  of Excluded Assets; Assumption of Excluded Liabilities

  	
   

  
	
  3.7

  	
  The
  Initial Public Offering and the Concurrent Offerings

  	
   

  
	
  3.8

  	
  Rescission

  	
   

  
	
  3.9

  	
  European
  Transfers

  	
   

  
	
  3.10

  	
  Tax Matters

  	
   

  
	
  ARTICLE IV

  	
  FINANCIAL AND OTHER
  INFORMATION

  	
   

  
	
  4.1

  	
  Annual Financial
  Information

  	
   

  

 

i

 

	
  4.2

  	
  Quarterly Financial
  Information

  	
   

  
	
  4.3

  	
  GE’s
  Operating Reviews

  	
   

  
	
  4.4

  	
  General
  Financial Statement Requirements

  	
   

  
	
  4.5

  	
  Twenty Percent Threshold

  	
   

  
	
  4.6

  	
  GE Public
  Filings

  	
   

  
	
  4.7

  	
  GE
  Annual Statements

  	
   

  
	
  4.8

  	
  Fifty
  Percent Threshold

  	
   

  
	
  4.9

  	
  Accountants’
  Reports

  	
   

  
	
  4.10

  	
  Agreement
  for Exchange of Information; Archives

  	
   

  
	
  4.11

  	
  Ownership of Information

  	
   

  
	
  4.12

  	
  Compensation for
  Providing Information

  	
   

  
	
  4.13

  	
  Record
  Retention

  	
   

  
	
  4.14

  	
  Liability

  	
   

  
	
  4.15

  	
  Other
  Agreements Providing for Exchange of Information

  	
   

  
	
  4.16

  	
  Production
  of Witnesses; Records; Cooperation

  	
   

  
	
  4.17

  	
  Privilege

  	
   

  
	
  ARTICLE V

  	
  RELEASE; INDEMNIFICATION

  	
   

  
	
  5.1

  	
  Release of Pre-Closing
  Claims

  	
   

  
	
  5.2

  	
  General
  Indemnification by Genworth

  	
   

  
	
  5.3

  	
  General Indemnification
  by GE

  	
   

  
	
  5.4

  	
  Registration
  Statement Indemnification

  	
   

  
	
  5.5

  	
  Contribution

  	
   

  
	
  5.6

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

  	
   

  
	
  5.7

  	
  Procedures
  for Indemnification of Third Party Claims

  	
   

  
	
  5.8

  	
  Additional
  Matters

  	
   

  
	
  5.9

  	
  Remedies
  Cumulative; Limitations of Liability

  	
   

  
	
  5.10

  	
  Survival
  of Indemnities

  	
   

  
	
  ARTICLE VI

  	
  OTHER AGREEMENTS

  	
   

  
	
  6.1

  	
  Further
  Assurances

  	
   

  

 

ii

 

	
  6.2

  	
  Confidentiality

  	
   

  
	
  6.3

  	
  Insurance
  Matters

  	
   

  
	
  6.4

  	
  Allocation of Costs
  and Expenses

  	
   

  
	
  6.5

  	
  Covenants
  Against Taking Certain Actions Affecting GE

  	
   

  
	
  6.6

  	
  No Violations

  	
   

  
	
  6.7

  	
  Registration
  Statements

  	
   

  
	
  6.8

  	
  Charter
  Provision

  	
   

  
	
  6.9

  	
  Litigation and
  Settlement Cooperation

  	
   

  
	
  6.10

  	
  Continuation of
  Certain Arrangements

  	
   

  
	
  6.11

  	
  Future Intercompany
  Transactions

  	
   

  
	
  6.12

  	
  Use
  of Restricted Marks; Certain Commercial Arrangements

  	
   

  
	
  6.13

  	
  Committees

  	
   

  
	
  6.14

  	
  Genworth
  Bridge Loan

  	
   

  
	
  6.15

  	
  GE Policies

  	
   

  
	
  6.16

  	
  HomeBuyer
  Now Program; GE Relocation Program; GE Marketplace

  	
   

  
	
  6.17

  	
  Joint Management Committee

  	
   

  
	
  6.18

  	
  Repurchase of Common Stock

  	
   

  
	
  6.19

  	
  Credit
  Facilities

  	
   

  
	
  6.20

  	
  Amendments
  to Reinsurance-Related Documents and Other Agreements

  	
   

  
	
  6.21

  	
  Compensation Practices
  Review

  	
   

  
	
  ARTICLE VII

  	
  DISPUTE RESOLUTION

  	
   

  
	
  7.1

  	
  General
  Provisions

  	
   

  
	
  7.2

  	
  Consideration by
  Senior Executives

  	
   

  
	
  7.3

  	
  Mediation

  	
   

  
	
  7.4

  	
  Arbitration

  	
   

  
	
  ARTICLE VIII

  	
  MISCELLANEOUS

  	
   

  
	
  8.1

  	
  Corporate Power;
  Fiduciary Duty

  	
   

  
	
  8.2

  	
  Governing Law

  	
   

  

 

iii

 

	
  8.3

  	
  Survival
  of Covenants

  	
   

  
	
  8.4

  	
  Force Majeure

  	
   

  
	
  8.5

  	
  Notices

  	
   

  
	
  8.6

  	
  Severability

  	
   

  
	
  8.7

  	
  Entire
  Agreement

  	
   

  
	
  8.8

  	
  Assignment; No
  Third-Party Beneficiaries

  	
   

  
	
  8.9

  	
  Public
  Announcements

  	
   

  
	
  8.10

  	
  Amendment

  	
   

  
	
  8.11

  	
  Rules
  of Construction

  	
   

  
	
  8.12

  	
  Counterparts

  	
   

  

 

iv

 

EXHIBITS

 

	
  A

  	
  Form of Transition Services
  Agreement

  	
   

  
	
  B

  	
  Form of Registration Rights
  Agreement

  	
   

  
	
  C

  	
  Form of Tax Matters Agreement

  	
   

  
	
  D

  	
  Form of Employee Matters
  Agreement

  	
   

  
	
  E

  	
  Form of Transitional Trademark
  License Agreement

  	
   

  
	
  F

  	
  Form of Intellectual Property
  Cross License Agreement

  	
   

  
	
  G

  	
  Form of Outsourcing Services
  Separation Agreement

  	
   

  
	
  H

  	
  Form of European Transition
  Services Agreement

  	
   

  
	
  I

  	
  Form of Investment
  Management Agreements

  	
   

  
	
  J

  	
  Form of Viking Agreement

  	
   

  
	
  K

  	
  Form of Liability and
  Portfolio Management Agreements

  	
   

  
	
  L

  	
  Form of Asset Management
  Services Agreement

  	
   

  
	
  M

  	
  Form of UK Transfer Plan

  	
   

  
	
  N

  	
  Form of French Transfer Plan

  	
   

  
	
  O

  	
  Form of Derivatives
  Management Services Agreement

  	
   

  
	
  P

  	
  Form of European Tax Matters
  Agreements

  	
   

  
	
  Q

  	
  Form of Framework Agreement

  	
   

  
	
  R

  	
  Form of Mortgage Services
  Agreement

  	
   

  
	
  S

  	
  Form of UFLIC ESG Services
  Agreement

  	
   

  
	
  T

  	
  French Transfer Agreement

  	
   

  
	
  U

  	
  Form of Capital Maintenance
  Agreement

  	
   

  
	
  V

  	
  Form of JLIC Recapture
  Agreement

  	
   

  
	
  W

  	
  Form of Long-Term Care
  Retrocession Agreement

  	
   

  
	
  X

  	
  Form of Medicare Supplement
  Reinsurance Agreement

  	
   

  
	
  Y

  	
  Form of Structured
  Settlement Annuity Reinsurance Agreements

  	
   

  
	
  Z

  	
  Form of Variable Annuity
  Reinsurance Agreements

  	
   

  
	
  AA

  	
  Form of Trust Agreements

  	
   

  
	
  BB

  	
  Form of Business Services
  Agreement

  	
   

  
	
  CC

  	
  Form of Genworth
  Contingent Note

  	
   

  
	
  DD

  	
  Form of Genworth
  Promissory Note

  	
   

  
	
  EE

  	
  Plan of Divestiture

  	
   

  
	
  FF

  	
  FACL Reinsurance Agreement

  	
   

  
	
  GG

  	
  Form of FACL Fall-back
  Stock Transfer Agreement

  	
   

  
	
  HH

  	
  FICL Reinsurance Agreement

  	
   

  
	
  II

  	
  Form of International Tax
  Matters Agreements

  	
   

  
	
  JJ

  	
  Form of French Reinsurance
  Agreement

  	
   

  
	
  KK

  	
  Joint Management Committee

  	
   

  
	
  LL

  	
  Form of Amended and
  Restated Certificate of Incorporation

  	
   

  
	
  MM

  	
  Form of Amended and
  Restated Bylaws

  	
   

  
	
  NN

  	
  Form of Viking Stock
  Purchase Agreement

  	
   

  
	
  OO

  	
  Form
  of GECA Consolidated Group Tax Allocation Agreement

  	
   

  
	
  PP

  	
  Form of Genworth
  Consolidated Group Tax Allocation Agreement

  	
   

  
	
  QQ

  	
  Debt Release Agreements

  	
   

  

 

v

 

SCHEDULES

 

	
  Schedule 1.1

  	
   

  	
  Discontinued
  Businesses

  	
   

  
	
  Schedule 1.1(a)

  	
   

  	
  Supply and
  Vendor Contracts

  	
   

  
	
  Schedule 1.1(b)

  	
   

  	
  GEFAHI
  Contracts

  	
   

  
	
  Schedule 1.1(e)

  	
   

  	
  Genworth
  Contracts

  	
   

  
	
  Schedule 2.1(a)

  	
   

  	
  Plan of
  Separation

  	
   

  
	
  Schedule 2.1(b)

  	
   

  	
  Delayed
  Transfer Assets

  	
   

  
	
  Schedule 2.2(a)(i)

  	
   

  	
  Genworth
  Assets

  	
   

  
	
  Schedule 2.2(a)(ii)(B)

  	
   

  	
  Capital
  Stock GE Subsidiaries

  	
   

  
	
  Schedule 2.2(a)(ii)(C)

  	
   

  	
  Capital
  Stock GE Affiliates

  	
   

  
	
  Schedule 2.2(b)(i)

  	
   

  	
  Excluded
  Assets

  	
   

  
	
  Schedule 2.2(b)(ii)

  	
   

  	
  Excluded
  Contracts

  	
   

  
	
  Schedule 2.3(a)(i)

  	
   

  	
  Genworth
  Liabilities

  	
   

  
	
  Schedule 2.3(b)(iv)

  	
   

  	
  Excluded
  Liabilities

  	
   

  
	
  Schedule 2.4(b)(ii)

  	
   

  	
  Continuing
  Agreements

  	
   

  
	
  Schedule 2.4(b)(iii)

  	
   

  	
  GE
  Guarantees

  	
   

  
	
  Schedule 2.9

  	
   

  	
  European Creditor
  Business Entities

  	
   

  
	
  Schedule 3.2(d)

  	
   

  	
  JLIC Surplus Notes

  	
   

  
	
  Schedule 3.2(f)

  	
   

  	
  Dividends

  	
   

  
	
  Schedule 3.9(a)

  	
   

  	
  Consideration
  Under French Transfer Agreement

  	
   

  
	
  Schedule 3.9(c)

  	
   

  	
  Adjustments to
  Consideration

  	
   

  
	
  Schedule 4.1

  	
   

  	
  Annual Corporate
  Reporting Data

  	
   

  
	
  Schedule 4.2(a)

  	
   

  	
  First and Second
  Quarter Corporate Reporting Data

  	
   

  
	
  Schedule 4.2(b)

  	
   

  	
  Third Quarter
  Corporate Reporting Data

  	
   

  
	
  Schedule 4.3

  	
   

  	
  FP&A Reports

  	
   

  
	
  Schedule 4.8

  	
   

  	
  Monthly Financial
  Information

  	
   

  
	
  Schedule 5.2(d)

  	
   

  	
  Transaction
  Documents – Genworth Indemnification

  	
   

  
	
  Schedule 5.3(c)

  	
   

  	
  Transaction
  Documents – GE Indemnification

  	
   

  
	
  Schedule 5.4

  	
   

  	
  GE Indemnification

  	
   

  
	
  Schedule 6.3

  	
   

  	
  Insurance Coverage

  	
   

  
	
  Schedule 6.5(b)

  	
   

  	
  GE Contracts

  	
   

  
	
  Schedule 6.10

  	
   

  	
  Continuation of
  Certain Arrangements

  	
   

  
	
  Schedule 6.12(b)(i)(B)

  	
   

  	
  Business
  Activities

  	
   

  
	
  Schedule 6.15

  	
   

  	
  GE Policies

  	
   

  
	
  Schedule 7.1

  	
   

  	
  Transaction Documents
  – Dispute Resolution

  	
   

  

 

vi

 

MASTER AGREEMENT

 

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

 

W I T N E S S E T H:

 

WHEREAS, the boards of directors of GE and GECC have
approved the divestiture of the Genworth Group into a separate business, and
the board of directors of GECC has adopted the Plan of Divestiture for the
purpose, among other things, of divesting a controlling interest in the stock
of Genworth;

 

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

 

WHEREAS, in furtherance of the foregoing, the board of
directors of GEFAHI and the board of directors of Genworth have approved the
transfer of the Genworth Assets to Genworth and its Subsidiaries and to cause
Genworth or certain of its Subsidiaries designated by Genworth to assume the
Genworth Liabilities, all as more fully described in this Agreement and the
Transaction Documents;

 

WHEREAS, the board of directors of GEFAHI has further
approved the divestiture of (i) a portion of GEFAHI’s interest in the Genworth
Common Stock through the Initial Public Offering registered under the
Securities Act, (ii) all of GEFAHI’s interest in the Genworth Equity Units and
(iii) all of GEFAHI’s interest in the Series A Preferred Stock, concurrently
with the closing of the Separation and the other transactions contemplated by
this Agreement, and the board of directors of Genworth has further approved the
consummation of the Initial Public Offering and the Concurrent Offerings;

 

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

 

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

 

1

 

and the Concurrent
Offerings and the relationship of GE, Genworth and their respective
Subsidiaries.

 

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

 

ARTICLE I

 

DEFINITIONS

 

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

 

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

 

“Active FACL Bonds”
means FACL Bonds listed in the GE Life Report.

 

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

 

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

 

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

 

“Asset Management Services Agreement” means the
Asset Management Services Agreement in substantially the form attached hereto
as Exhibit L entered into by and among GEFAHI, GNA and GE Asset
Management Incorporated.

 

2

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

4

 

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

 

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

 

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

 

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

 

“Debt Release Agreement” means (i) the Debt
Release Agreement, dated May 20, 2004, by and between GE Insurance Holdings
Limited and GEFA UK Holdings Limited attached hereto as Exhibit QQ-1,
and (ii) the Debt Release Agreement, dated May 20, 2004, by and between GE
Insurance Holdings Limited and GEFA International Holdings, Inc. attached
hereto as Exhibit QQ-2.

 

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

 

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

 

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

 

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

 

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

 

“Equity Units Registration Statement” means the
registration statement on Form S-1 filed under the Securities Act (No.
333-115019) pursuant to which the Genworth Equity Units issued to GEFAHI and
sold by GEFAHI will be registered.

 

5

 

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

 

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

 

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

 

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

 

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

 

“FACL” means Financial Assurance Company Limited.

 

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

 

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

 

“FACL Reinsurance Agreement” means the
Reinsurance Agreement, dated April 21, 2004, by and between FACL and
Viking as attached as Exhibit FF.

 

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

 

“FICL” means Financial Insurance Company
Limited.

 

“FICL Agreement” means the FICL Agreement,
dated May 18, 2004, by and between FICL and FACL.

 

“FICL Reinsurance Agreement” means the
Reinsurance Agreement, dated April 21, 2004, by and between Financial
Insurance Company Limited and Viking as attached as Exhibit HH.

 

6

 

“FINCL” means Financial
New Life Company Limited.

 

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

 

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

 

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

 

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

 

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

 

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

 

“French Reinsurance Agreement” means the
Reinsurance Agreement, dated May 19, 2004, by and between Vie Plus S.A. and RD
Plus S.A. as attached as Exhibit JJ.

 

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

 

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

 

“GAAP” means United States generally accepted
accounting principles.

 

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

 

“GE Life” means the
GEIH Group (as defined in the European Transition Services Agreement).

 

7

 

“GE Life Report” means
the report (in the format agreed in advance by the parties) prepared by GE Life
Limited identifying all FACL Bonds that are, as of the date of such report and
according to the records (whether such record is in electronic, paper or other
format) of GE Life or GE Capital International Services, either not matured,
cancelled or terminated or if matured, cancelled or terminated for which any
amounts are outstanding, due to be paid or in the process of being paid.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(a)           any
supply or vendor contracts or agreements listed or described on Schedule 1.1(a)
(or the applicable licenses, leases, addendums and similar arrangements
thereunder as described on Schedule 1.1(a));

 

8

 

(b)           any
contract or agreement (or the applicable licenses, leases, addendums and
similar arrangements thereunder as described on Schedule 1.1(b))
entered into in the name of GEFAHI that is not listed on Schedule 1.1(b);

 

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

 

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

 

(e)           the
contracts, agreements and other documents listed or described on Schedule 1.1(e)
(or the applicable licenses, leases, addendums and similar arrangements
thereunder as described on Schedule 1.1(e));

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“GNA” means GNA Corporation.

 

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

 

9

 

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

 

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

 

“Historic FACL Bonds”
means FACL Bonds other than Active FACL Bonds.

 

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

 

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

 

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

 

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

 

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

 

“International Tax Matters Agreements” means
(i) the Canadian Tax Matters Agreement in substantially the form attached
hereto as Exhibit II-1, to be entered into by and among GE, GECC, GECMIC
Holdings Inc., GE Capital Mortgage Insurance Company (Canada) and Genworth,
(ii) the European Tax Matters Agreement in substantially the form attached
hereto as Exhibit II-2, to be entered into by and among GE, GECC, IGE
USA Investments, Consolidated Insurance Holdings Limited, FACL,

 

10

 

Financial
Insurance Group Services Company Limited, GE Capital SAS, GEFA International
Holdings, Inc., UK Group Holding Company Limited, Genworth and GEFA UK
Holdings, (iii) the Taxation Management Agreement in substantially the form
attached hereto as Exhibit II-3, to be entered into by and among
Genworth, GECC and GE and (iv) the Taxation Management (Stub Period Payments)
Agreement in substantially the form attached hereto as Exhibit II-4, to
be entered into by and among GE Capital Australia, GE Mortgage Insurance
Company Pty Limited, Genworth, GECC and GE.

 

“Investment Management Agreements” means (i)
the Amended and Restated Investment Management and Services Agreements in
substantially the form attached hereto as Exhibit I, to be entered into between
GE Asset Management Incorporated and certain members of the Genworth Group,
(ii) the Investment Management and Services Agreement to be entered into by and
among GE Asset Management Incorporated, GNA, Capital Brokerage Corporation, GE
Group Administrators, Inc. and IFN Insurance Agency, Inc., (iii) the Investment
Management Agreements in substantially the form attached hereto as Exhibit I to
be entered into by and among GE Asset Management Limited and each of Financial
Assurance Company Limited, Financial Insurance Company Limited, GE Mortgage
Insurance Limited, RD Plus S.A., Vie Plus S.A., Financial Insurance Guernsey
PCC Limited, GE Financial Assurance Compania de Seguros y Reaseguros de Vida SA
and GE Financial Insurance Compania de Seguros y Reaseguros SA. and (iv) the
Investment Adviser and Services Agreements between Genworth Financial Asset
Management, LLC and GE Asset Management Incorporated or GE Asset Management
Limited, as applicable.

 

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

 

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

 

“IRS” means the United States Internal Revenue
Service.

 

“JLIC” means Jamestown Life Insurance Company.

 

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

 

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

 

“Liabilities” means any debt, loss, damage,
adverse claim, liability or obligation of any Person (whether direct or indirect,
known or unknown, asserted or

 

11

 

unasserted,
absolute or contingent, accrued or unaccrued, liquidated or unliquidated, or
due or to become due, and whether in contract, tort, strict liability or otherwise),
and including all costs and expenses relating thereto.

 

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

 

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

 

“Long-Term Care Retrocession Agreements” means
the Retrocession Agreements in substantially the form attached hereto as Exhibit
W, entered into by and between UFLIC, on the one hand, and each of GECA and
GECLANY, on the other hand.

 

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

 

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

 

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

 

“Over-Allotment Option” means the
over-allotment option that may be exercised by the underwriters of the Initial
Public Offering pursuant to the Underwriting Agreement relating to the Initial
Public Offering.

 

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

 

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

 

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

 

12

 

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

 

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

 

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

 

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

 

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

 

“SEC” means the Securities and Exchange
Commission.

 

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

 

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

 

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

 

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

 

“Series A Preferred Stock Registration Statement”
means the registration statement on Form S-1 filed under the Securities Act
(No. 333-115018) pursuant to which the Series A Preferred Stock issued to
GEFAHI and sold by GEFAHI will be registered.

 

13

 

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

 

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

 

“Tax” 
means all federal, state, provincial, territorial, municipal, local or
foreign income, profits, franchise, gross receipts, environmental (including
taxes under Code Section 59A), customs, duties, net worth, sales, use,
goods and services, withholding, value added, ad
valorem, employment, social security, disability, occupation,
pension, real property, personal property (tangible and intangible), stamp,
transfer, conveyance, severance, production, excise, premium, retaliatory and other taxes, withholdings, duties,
levies, imposts, guarantee fund assessments and other similar charges and
assessments (including any and all fines, penalties and additions attributable
to or otherwise imposed on or with respect to any such taxes, charges, fees,
levies or other assessments, and interest thereon) imposed by or on behalf of
any Taxing Authority, in each case whether such Tax arises by Law, contract,
agreement or otherwise.

 

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

 

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

 

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

 

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

 

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

 

14

 

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

 

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

 

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

 

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

 

“UFLIC Agreements” means the Recapture
Agreement (and related letter agreement regarding waiver of recapture fee)
entered into by and between GELAAC and UFLIC, the Recapture Agreement (and
related letter agreement regarding waiver of recapture fee) entered into by and
between GECLANY and UFLIC and the Administrative Services Agreement entered
into by and between UFLIC and First Colony.

 

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

 

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

 

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

 

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

 

“Underwriting Agreements” means the
Underwriting Agreements to be entered into by and among GEFAHI, Genworth and
the Underwriters in connection with the offering of Genworth Common Stock by
GEFAHI in the Initial Public Offering and

 

15

 

the offering of
Series A Preferred Stock and Equity Units by GEFAHI in the Concurrent
Offerings.

 

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

 

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

 

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

 

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

 

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

 

	
  Term

  	
   

  	
  Section

  
	
  After-Tax Basis

  	
   

  	
  5.6(c)

  
	
  Agreement

  	
   

  	
  Recitals

  
	
  Annual
  Deductible

  	
   

  	
  2.10(e)(iv)

  
	
  Charter

  	
   

  	
  3.4

  
	
  Closing

  	
   

  	
  3.1

  
	
  Closing Date

  	
   

  	
  3.1

  
	
  CPR

  	
   

  	
  7.3

  
	
  CPR Arbitration
  Rules

  	
   

  	
  7.4(a)

  
	
  Dispute

  	
   

  	
  7.1(a)

  
	
  Excluded Assets

  	
   

  	
  2.2(b)

  
	
  Excluded
  Liabilities

  	
   

  	
  2.3(b)

  
	
  FACL Bonds
  Reinsurance

  	
   

  	
  2.10(a)

  
	
  GE

  	
   

  	
  Recitals

  
	
  GE Annual
  Statements

  	
   

  	
  4.7

  
	
  GE Auditors

  	
   

  	
  4.7(a)

  
	
  GE Confidential
  Information

  	
   

  	
  6.2(b)

  
	
  GE Guarantees

  	
   

  	
  2.4(b)(iii)

  
	
  GE Indemnified
  Parties

  	
   

  	
  5.2

  
	
  GE Parties

  	
   

  	
  Recitals

  
	
  GE Policies

  	
   

  	
  6.15

  
	
  GE Public Filings

  	
   

  	
  4.6

  
	
  GE Transfer
  Documents

  	
   

  	
  3.5

  
	
  GECC

  	
   

  	
  Recitals

  
	
  GEI

  	
   

  	
  Recitals

  
	
  GEFAHI

  	
   

  	
  Recitals

  

 

16

 

	
  Term

  	
   

  	
  Section

  
	
  Genworth

  	
   

  	
  Recitals

  
	
  Genworth Assets

  	
   

  	
  2.2(a)

  
	
  Genworth
  Auditors

  	
   

  	
  4.7(a)

  
	
  Genworth
  Confidential Information

  	
   

  	
  6.2(a)

  
	
  Genworth
  Indemnified Parties

  	
   

  	
  5.3

  
	
  Genworth
  Information

  	
   

  	
  4.5(g)

  
	
  Genworth
  Liabilities

  	
   

  	
  2.3(a)

  
	
  Genworth Public
  Documents

  	
   

  	
  4.5(e)

  
	
  Genworth
  Transfer Documents

  	
   

  	
  3.6(a)(iii)

  
	
  Indemnified
  Party

  	
   

  	
  5.6(a)

  
	
  Indemnifying
  Party

  	
   

  	
  5.6(a)

  
	
  Indemnity Payment

  	
   

  	
  5.6(a)

  
	
  Initial Notice

  	
   

  	
  7.2

  
	
  Omitted Bond

  	
   

  	
  2.10(d)

  
	
  Pre-Closing
  Transfer Documents

  	
   

  	
  3.2(a)

  
	
  Privilege

  	
   

  	
  4.17

  
	
  Registration
  Indemnified Parties

  	
   

  	
  5.4(a)

  
	
  Reinsurance-Related
  Documents

  	
   

  	
  3.2(a)

  
	
  Representatives

  	
   

  	
  6.2(a)

  
	
  Response

  	
   

  	
  7.2

  
	
  Tax Agreements

  	
   

  	
  3.10(a)

  
	
  Third Party
  Claim

  	
   

  	
  5.7(a)

  
	
  Transaction Documents

  	
   

  	
  3.3(b)

  
	
  Transfer
  Documents

  	
   

  	
  3.6(a)(iii)

  

 

ARTICLE II

 

THE SEPARATION

 

2.1           Transfer of Assets; Assumption of
Liabilities; Consideration.

 

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

 

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

 

(ii)           Genworth
and certain of its Subsidiaries designated by Genworth, shall accept, assume
and agree faithfully to perform, discharge and fulfill all the Genworth
Liabilities, other than the Delayed Transfer Liabilities, in accordance with
their respective terms.  Genworth and
such Subsidiaries shall be responsible for all

 

17

 

Genworth
Liabilities, regardless of when or where such Genworth Liabilities arose or arise,
or whether the facts on which they are based occurred prior to or subsequent to
the Closing Date, regardless of where or against whom such Genworth Liabilities
are asserted or determined (including any Genworth Liabilities arising out of
claims made by GE’s or Genworth’s respective directors, officers, employees,
agents, Subsidiaries or Affiliates against any member of the GE Group or the
Genworth Group) or whether asserted or determined prior to the date hereof,
and, except as set forth in Section 2.3(b)(v), regardless of
whether arising from or alleged to arise from negligence, recklessness,
violation of Law, fraud or misrepresentation by any member of the GE Group or
the Genworth Group, or any of their respective directors, officers, employees,
agents, Subsidiaries or Affiliates; and

 

(iii)          Genworth shall issue to GEFAHI (A)
489,527,145 shares of Class B Common Stock, (B) 2,000,000 shares of Series A
Preferred Stock, (C) the Genworth Promissory Note, (D) the Genworth Contingent
Note and (E) the Genworth Equity Units.

 

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

 

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

 

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

 

2.2           Genworth Assets.

 

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

 

18

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

19

 

2.3           Genworth Liabilities.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

20

 

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

 

(iii)          the Excluded Employee Liabilities;

 

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

 

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

 

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

 

2.4           Termination of Agreements.

 

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

 

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

 

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

 

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

 

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

 

21

 

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

 

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

 

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

 

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

 

2.5           DISCLAIMER OF REPRESENTATIONS
AND WARRANTIES.  EACH OF
GE (ON BEHALF OF ITSELF AND EACH MEMBER OF THE GE GROUP) AND GENWORTH (ON
BEHALF OF ITSELF AND EACH MEMBER OF THE GENWORTH GROUP) UNDERSTANDS AND AGREES
THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN ANY TRANSACTION DOCUMENT, NO
PARTY TO THIS AGREEMENT, ANY TRANSACTION DOCUMENT OR ANY OTHER AGREEMENT OR
DOCUMENT CONTEMPLATED BY THIS AGREEMENT, ANY TRANSACTION DOCUMENT OR OTHERWISE,
IS REPRESENTING OR WARRANTING IN ANY WAY AS TO THE ASSETS, BUSINESSES OR
LIABILITIES TRANSFERRED OR ASSUMED AS CONTEMPLATED HEREBY OR THEREBY, AS TO ANY
CONSENTS OR APPROVALS REQUIRED IN CONNECTION HEREWITH OR THEREWITH, AS TO THE
VALUE OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY OTHER MATTER
CONCERNING, ANY ASSETS OF SUCH PARTY, OR AS TO THE ABSENCE OF ANY DEFENSES OR
RIGHT OF SETOFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY CLAIM OR OTHER
ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE, OF ANY PARTY, OR AS TO THE LEGAL
SUFFICIENCY OF ANY ASSIGNMENT, DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER TO
CONVEY TITLE TO ANY ASSET OR THING OF VALUE UPON THE EXECUTION, DELIVERY AND
FILING HEREOF OR THEREOF.  EXCEPT AS MAY
EXPRESSLY BE SET FORTH HEREIN OR IN ANY TRANSACTION DOCUMENT, ALL SUCH ASSETS
ARE BEING TRANSFERRED

 

22

 

ON AN “AS IS,”
“WHERE IS” BASIS (AND, IN THE CASE OF ANY REAL PROPERTY, BY MEANS OF A
QUITCLAIM OR SIMILAR FORM DEED OR CONVEYANCE) AND THE RESPECTIVE TRANSFEREES
SHALL BEAR THE ECONOMIC AND LEGAL RISKS THAT (I) ANY CONVEYANCE SHALL PROVE TO
BE INSUFFICIENT TO VEST IN THE TRANSFEREE GOOD TITLE, FREE AND CLEAR OF ANY
SECURITY INTEREST, AND (II) ANY NECESSARY CONSENTS OR GOVERNMENTAL APPROVALS
ARE NOT OBTAINED OR THAT ANY REQUIREMENTS OF LAWS OR JUDGMENTS ARE NOT COMPLIED
WITH.

 

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

 

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

 

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

 

(c)         If
any transfer or assignment of any Genworth Asset intended to be transferred or
assigned hereunder or any assumption of any Genworth Liability intended to be
assumed by Genworth hereunder (including without limitation all Assets and
Liabilities of FACL intended to be transferred to or assumed by FINCL pursuant
to the UK Transfer Plan and all Assets and Liabilities of Vie Plus SA intended
to be transferred to or assumed by members of the Genworth Group pursuant to
the French Transfer Agreement or French Transfer Plan) is not consummated on
the Closing Date, whether as a result of the provisions of Section 2.6(b)
or for any other reason, then, insofar as reasonably possible, (i) the Person
retaining such Genworth Asset shall thereafter hold such Genworth Asset for the
use and benefit of the Person entitled thereto (at the expense of the Person
entitled thereto) and (ii) Genworth shall, or shall cause its applicable
Subsidiary to, pay or reimburse the Person retaining such Genworth Liability
for all amounts paid or incurred in connection with such Genworth
Liability.  In addition, the Person
retaining such Genworth Asset shall, insofar as reasonably possible and to the
extent permitted by applicable Law, treat such Asset in the ordinary

 

23

 

course of business
in accordance with past practice and take such other actions as may be
reasonably requested by the Person to whom such Genworth Asset is to be transferred
in order to place such Person in the same position as if such Genworth Asset
had been transferred as contemplated hereby and so that all the benefits and
burdens relating to such Genworth Asset, including possession, use, risk of
loss, potential for gain, and dominion, control and command over such Genworth
Asset, is to inure from and after the Closing Date to the Genworth Group.

 

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

 

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

 

2.7           Novation of Assumed Genworth
Liabilities.

 

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

 

(b)        If
GE or Genworth is unable to obtain, or to cause to be obtained, any such
required consent, approval, release, substitution or amendment, the applicable
member of the GE Group shall continue to be bound by such agreement, lease,
license or other obligation and, unless not permitted by Law or the terms
thereof, Genworth shall, as agent or subcontractor for GE or such other Person,
as the case may be, pay, perform and discharge fully all the obligations or
other Liabilities of GE or such other Person that constitute Genworth Liabilities,
as the case may be, thereunder from and after the Closing Date.  Genworth shall indemnify each GE Indemnified
Party, and hold each of them harmless against any Liabilities arising in
connection therewith; provided  that pursuant hereto Genworth shall
have no obligation to indemnify any GE

 

24

 

Indemnified Party
that has engaged in any knowing violation of Law, fraud or misrepresentation in
connection therewith.  GE shall, without
further consideration, pay and remit, or cause to be paid or remitted, to
Genworth, promptly all money, rights and other consideration received by it or
any member of its Group in respect of such performance (unless any such
consideration is an Excluded Asset).  If
and when any such consent, approval, release, substitution or amendment shall
be obtained or such agreement, lease, license or other rights or obligations
shall otherwise become assignable or able to be novated, GE shall thereafter
assign, or cause to be assigned, all its rights, obligations and other
Liabilities thereunder or any rights or obligations of any member of its Group
to Genworth without payment of further consideration and Genworth shall,
without the payment of any further consideration, assume such rights and
obligations.

 

2.8           Novation of Liabilities other than
Genworth Liabilities.

 

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

 

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

 

25

 

thereunder or any
rights or obligations of any member of the Genworth Group to GE or to another
member of the GE Group specified by GE without payment of further consideration
and GE, without the payment of any further consideration shall, or shall cause
such other member of the GE Group to, assume such rights and obligations.

 

2.9           European
Creditor Business.

 

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

 

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

 

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

 

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

 

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

 

2.10         FACL
Bonds.

 

(a)         In respect
of the Active FACL Bonds, the parties agree to use their commercially
reasonable efforts to implement indemnity reinsurance arrangements as soon as
is reasonably practicable after Closing under which all of the Liabilities
(whether such Liabilities are historic, current or future, certain or
contingent) relating to those Active FACL Bonds are fully assumed by GE Life
Limited (or another appropriate member of the GE Group) (the “FACL Bonds
Reinsurance”).  For purposes of
determining the Active FACL Bonds to be reinsured under the FACL Bonds
Reinsurance, the GE Life Report shall be prepared as of the most recent
practicable month-end preceding the effectiveness of such reinsurance allowing
sufficient time for the assembly of information and preparation of such
report.  The parties further agree that
the FACL Bonds Reinsurance will continue in force until the earlier of::

 

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

 

26

 

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

 

(b)        The parties
agree to procure that the Active FACL Bonds (including any Omitted Bonds
pursuant to Section 2.10(d)(iii)) are transferred from FINCL (or from FACL
itself if the UK Transfer Plan has not become effective by December 28,
2004 and FACL is transferred to Genworth under the FACL Fall-back Stock Transfer
Agreement) to an appropriate member of the GE Group by way of an insurance
business transfer pursuant to Part VII of the Financial Services and Markets
Act 2000.  For purposes of determining
the Active FACL Bonds to be transferred by FINCL or FACL (as appropriate)
pursuant to this paragraph, the GE Life Report shall be updated as of the most
recent practicable month-end preceding the effectiveness of such transfer
allowing sufficient time for the assembly of information and preparation of
such report.  Each of the parties agree
to procure that its relevant Subsidiaries shall use their commercially
reasonable efforts to effect the transfer of such Active FACL Bonds pursuant to
this Section 2.10(b) as soon as is reasonably practicable following the UK
Transfer Date and in any event within 9 months of the UK Transfer Date (or such
longer period as the parties may agree). 
The terms of any such transfer of the Active FACL Bonds will be
consistent with similar transactions entered into pursuant to this Agreement.

 

(c)         (i)            GE will procure the provision of
administration services relating to the Active FACL Bonds and the Historic FACL
Bonds from Closing upon the terms set out in the European Transition Services
Agreement until the completion of the transfer of Active FACL Bonds pursuant to
Section 2.10(b) (with respect to the Active FACL Bonds) or the UK Transfer
Date (with respect to the Historic FACL Bonds).  For the avoidance of doubt, pursuant to Clause 15.5 of the
European Transition Services Agreement, GE Life Services Limited may
sub-contract any of its obligations under that agreement in respect of the
provision of the administration services relating to the Active FACL Bonds or
Historic FACL Bonds contemplated by this Section 2.10(c)(i) but (1) must
ensure that its subcontractor complies with all of GE Life Services Limited’s
obligations under that agreement and (2) shall remain responsible at all times
for the performance of such obligations.

 

(ii)           If
the insurance business transfer contemplated by Section 2.10(b) is not
capable of being completed, then the parties will procure that their respective
Subsidiaries (or a properly licensed third party administrator approved in
advance by Genworth, which approval shall not be unreasonably withheld or delayed)
enter into a long-term administration agreement in respect of the Active FACL
Bonds, which agreement will continue in force until the date upon which
Genworth ceases to have any interest in or Liabilities in respect of such
Active FACL Bonds.

 

(d)        GE
shall procure that GE Life and GE Capital International Services reasonably
cooperate with members of the Genworth Group in identifying and providing
information with respect to Active FACL Bonds, including providing reasonable
access during normal business hours to relevant personnel and records.  In the event that any FACL Bond is
identified that (i) is not contained in the GE Life

 

27

 

Report and (ii) is
not matured, cancelled or terminated or if matured, cancelled or terminated for
which any amounts are outstanding, due to be paid or in the process of being
paid as of the date of the GE Life Report (each an “Omitted Bond”), then
the parties will procure that their relevant Subsidiaries comply with the
following procedure:

 

(i)            The
party identifying the Omitted Bond will promptly provide the other party with
details of the Omitted Bond.

 

(ii)           The
parties will promptly work together in good faith to determine why the Omitted
Bond was not recorded in the GE Life Report.

 

(iii)          If the Omitted Bond is identified
sufficiently prior to the completion of the insurance business transfer
contemplated pursuant to Section 2.10(b) to allow its inclusion in such
transfer, then the GE Life Report will be updated to include the Omitted Bond
and such Omitted Bond will be included in the Active FACL Bonds to be
transferred pursuant to such transfer.

 

(iv)          If
the parties determine that the Omitted Bond was not recorded in the GE Life
Report as a result of an error or omission by GE Life, and the identification
of such Omitted Bond occurs too late to include such Omitted Bond in the
insurance business transfer contemplated pursuant to Section 2.10(b), then
any and all Liabilities arising from such Omitted Bond shall constitute Excluded
Liabilities for purposes of this Agreement, including Section 5.3(b)
hereof.

 

(v)           Any
and all Liabilities arising from an Omitted Bond not covered by Sections
2.10(d)(iii) or (iv) above shall constitute Genworth Liabilities for purposes
of this Agreement, including Section 5.2(b) hereof.

 

(e)         In
respect of the Historic FACL Bonds, the parties agree as follows:

 

(i)            the
Historic FACL Bonds (in addition to the Active FACL Bonds) will form part of
the Assets and Liabilities of FACL to be transferred to FINCL pursuant to the
UK Transfer Plan;

 

(ii)           the
Historic FACL Bonds will not be subject to the indemnity reinsurance
arrangements or the insurance business transfer contemplated by Sections
2.10(a) and (b) above, respectively;

 

(iii)          GE shall procure that GE Life reasonably
cooperate with members of the Genworth Group in identifying and providing
information with respect to Historic FACL Bonds, including providing reasonable
access during normal business hours to relevant personnel and records;

 

(iv)          Liabilities
arising under or in connection with Historic FACL Bonds that are less than or
equal to £150,000 per annum (the “Annual Deductible”) shall constitute
Genworth Liabilities for purposes of this Agreement,

 

28

 

including
Section 5.2(b) hereof.  To the
extent that Liabilities arising under Historic FACL Bonds in any calendar year
exceed the Annual Deductible, the excess of such Liabilities for such year over
the Annual Deductible shall constitute Excluded Liabilities for purposes of
this Agreement, including Section 5.3(b) hereof.  The parties agree that for the period from the Closing until 1st
January, 2005, a pro rata Annual Deductible shall apply.

 

(v)           GE
will procure the provision to Genworth of any required administration services
relating to the Historic FACL Bonds from and after the UK Transfer Date.

 

ARTICLE III

 

INTERCOMPANY
TRANSACTIONS AS OF THE CLOSING DATE

 

3.1           Time and Place of Closing.  Subject to the terms and conditions of this
Agreement, all transactions contemplated by this Agreement shall be consummated
at a closing (the “Closing”) to be held at the offices of Weil, Gotshal
& Manges LLP, 767 Fifth Avenue, New York, New York 10153, at 4:45 P.M. EDT,
on the date on which (and after) the Underwriting Agreements are executed and
delivered by each of the parties thereto or at such other place or at such
other time or on such other date as GE and Genworth may mutually agree upon in
writing (the day on which the Closing takes place being the “Closing Date”).

 

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

 

(a)         The
appropriate parties entered into stock transfer agreements pursuant to which
all of the capital stock of GE Mortgage Insurance Limited, GE Mortgage
Insurance (Guernsey) Limited and the entities listed in Part A of
Schedule 2.9 was transferred to GEFAHI or a wholly owned subsidiary of
GEFAHI (the “Pre-Closing Transfer Documents”).

 

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

 

(i)            the
Pre-Closing Documents;

 

(ii)           the
JLIC Recapture Agreement;

 

(iii)          the UFLIC Agreements;

 

(iv)          the
Reinsurance Agreements;

 

(v)           the
Trust Agreements; and

 

29

 

(vi)          the
Capital Maintenance Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

30

 

French Transfer
Plan, the French Transfer Agreement, the Pre-Closing Documents and the
Pre-Closing Transfer Documents, the “Transaction Documents”):

 

(i)            the
Transition Services Agreement;

 

(ii)           the
Registration Rights Agreement;

 

(iii)          the Tax Matters Agreement;

 

(iv)          the
Employee Matters Agreement;

 

(v)           the
Transitional Trademark Agreement;

 

(vi)          the
Intellectual Property Cross License Agreement;

 

(vii)         the Outsourcing Services Separation Agreement;

 

(viii)        the European Transition Services Agreement;

 

(ix)           the
Investment Management Agreements;

 

(x)            the
Viking Agreement;

 

(xi)           the
Liability and Portfolio Asset Management Agreements;

 

(xii)          the Asset Management Services Agreement;

 

(xiii)         the International Tax Matters Agreements;

 

(xiv)        the Mortgage Services Agreement;

 

(xv)         the
UFLIC ESG Services Agreement;

 

(xvi)        the Business Services Agreement;

 

(xvii)       the Derivatives Management Services Agreement;

 

(xviii)      the Genworth Contingent Note;

 

(xix)         the Genworth Promissory Note; and

 

(xx)          the
Transfer Documents.

 

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

 

31

 

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

 

3.6           Transfer of Excluded Assets;
Assumption of Excluded Liabilities.

 

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

 

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

 

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

 

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

 

(iv)          To
the extent that the transfer of such Excluded Assets and the assumption of such
Excluded Liabilities requires any Governmental Approvals or Consents, the
parties shall use their commercially reasonable efforts to obtain such

 

32

 

Governmental
Approvals and Consents; provided however that neither GE nor Genworth shall be
obligated to contribute capital in any form to any entity in order to obtain
such Governmental Approvals and Consents.

 

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

 

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

 

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

 

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

 

33

 

by GE or the
member of the GE Group entitled to such Excluded Asset or intended to be
subject to such Excluded Liability.

 

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

 

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

 

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

 

3.9           European Transfers.

 

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

 

34

 

(b)        If
the UK Transfer Plan has not taken effect by December 28, 2004, GE and
Genworth shall cause their relevant respective Subsidiaries to enter into the
FACL Fall-back Stock Transfer Agreement on or prior to December 31, 2004
in order to transfer to Genworth all of the outstanding shares of capital stock
of FACL and the other entities listed in Part B of Schedule 2.9.  The consideration for the transfers to be
effected pursuant to the FACL Fall-back Stock Transfer Agreement shall be the
same as the consideration set forth in the Debt Release Agreements.

 

(c)         If
the French Transfer Plan and the French Transfer Agreement have not taken
effect by the earlier of (i) the date on which Vie Plus S.A. and FINCL agree to
abandon efforts to obtain requisite regulatory approvals thereunder and (ii)
December 31, 2005, the consideration for the transfers contemplated by
that Plan and that Agreement shall be adjusted as provided in Schedule 3.9(c).

 

3.10         Tax Matters.

 

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

 

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

 

ARTICLE IV

 

FINANCIAL AND OTHER
INFORMATION

 

4.1           Annual Financial Information.  Genworth agrees that, if members of the GE
Group beneficially own, in the aggregate, (excluding for such purposes shares
of Genworth Common Stock beneficially owned by GE but not for its own account,
including (in such exclusion) beneficial ownership which arises by virtue of
some entity that is an Affiliate of GE being a sponsor of or advisor to a
mutual or similar fund that beneficially owns shares of Genworth Common Stock)
on any date during a fiscal year at least five percent (5%) of the then
outstanding Genworth Common Stock, Genworth shall deliver to GE the Corporate
Reporting Data set forth on Schedule 4.1 for such year in respect
of the Applicable Accounting Method in effect as of the first day of such
fiscal

 

35

 

year.  Genworth shall deliver the financial data
and schedules comprising such Corporate Reporting Data within the time periods
specified by GE, which time periods shall be specified by GE in writing by no
later than fifteen (15) days prior to the end of each fiscal year.  All annual consolidated financial statements
of Genworth and its Subsidiaries delivered to GE shall set forth in each case
in comparative form the consolidated figures for the previous fiscal year
prepared in accordance with Article 10 of Regulation S-X and consistent
with the level of detail provided in comparable financial statements furnished
by GEFA to GE prior to the Closing Date. 
The Corporate Reporting Data shall include all statistical information
necessary for inclusion in any GE Group member’s annual earnings press release,
along with appropriate supporting documentation.  The Corporate Reporting Data shall include (i) a discussion and
analysis by management of Genworth’s and its Subsidiaries’ consolidated
financial condition and results of operations for the requisite years,
including, without limitation, an explanation of any material adverse change,
all in reasonable detail and prepared in accordance with Item 303(a) of
Regulation S-K and (ii) a discussion and analysis of Genworth’s and its
Subsidiaries’ consolidated financial condition and results of operations for
the requisite years, including, without limitation, an explanation of any
material adverse change, all in reasonable detail and prepared in accordance
with Item 303(a) of Regulation S-K, prepared for inclusion in the annual report
to stockholders of any member of the GE Group. 
No later than the day prior to the day Genworth publicly files its
Annual Report on Form 10-K with the SEC or otherwise, Genworth shall deliver to
GE the final form of its Annual Report on Form 10-K, together with all
certifications required by applicable Law by each of the chief executive
officer and chief financial officer of Genworth and an opinion thereon by
Genworth’s independent certified public accountants.  Genworth shall, if requested by GE, also deliver to GE all of the
information required to be delivered in Schedule 4.1 with respect
to each Subsidiary of Genworth (other than GELAAC or any other Subsidiary of
Genworth required to file financial statements with the SEC solely as a result
of insurance products offered by such Subsidiary) which is itself required to
file Annual Reports on Form 10-K with the SEC, with such information to be
provided in the same manner and detail and on the same time schedule as
the information with respect to Genworth required to be delivered to GE
pursuant to Schedule 4.1.

 

4.2           Quarterly Financial Information.  Genworth agrees that, if members of the GE
Group beneficially own, in the aggregate, (excluding for such purposes shares
of Genworth Common Stock beneficially owned by GE but not for its own account,
including (in such exclusion) beneficial ownership which arises by virtue of
some entity that is an Affiliate of GE being a sponsor of or advisor to a
mutual or similar fund that beneficially owns shares of Genworth Common Stock)
on any date during a fiscal quarter at least five percent (5%) of the then
outstanding Genworth Common Stock, Genworth shall deliver to GE the Corporate
Reporting Data set forth on (i) Schedule 4.2(a) for the first and
second quarter of each year and (ii) Schedule 4.2(b) for the third
quarter of each year, in each case, in respect of the Applicable Accounting
Method in effect as of the first day of such fiscal quarter.  Genworth shall deliver the financial data
and schedules comprising such Corporate Reporting Data within the time periods
specified by GE, which time periods shall be specified by GE in writing by no
later than fifteen (15) days prior to the end of each fiscal quarter.  All quarterly consolidated

 

36

 

financial
statements of Genworth and its Subsidiaries delivered to GE shall include
financial statements for such quarterly periods and for the period from the
beginning of the current fiscal year to the end of such quarter, setting forth
in each case in comparative form for each such fiscal quarter of Genworth the
consolidated figures for the corresponding quarter and periods of the previous
fiscal year prepared in accordance with Article 10 of Regulation S-X and
consistent with the level of detail provided in comparable financial statements
furnished by GEFA to GE prior to the Closing Date.  The Corporate Reporting Data shall include all statistical
information necessary for inclusion in any GE Group member’s quarterly earnings
press release, along with appropriate supporting documentation.  The Corporate Reporting Data shall include a
discussion and analysis by management of Genworth’s and its Subsidiaries’
consolidated financial condition and results of operations for the requisite
quarters, including, without limitation, an explanation of any material adverse
change, all in reasonable detail and prepared in accordance with Item 303(b) of
Regulation S-K.  No later than the day
prior to the day Genworth publicly files a Quarterly Report on Form 10-Q with
the SEC or otherwise, Genworth shall deliver to GE the final form of its
Quarterly Report on Form 10-Q, together with all certifications required by
applicable Law by each of the chief executive officer and chief financial
officer of Genworth.  Genworth shall, if
requested by GE, also deliver to GE all of the information required to be
delivered in Schedules 4.2(a) and (b) with respect to each
Subsidiary of Genworth (other than GELAAC or any other Subsidiary of Genworth
required to file financial statements with the SEC solely as a result of
insurance products offered by such Subsidiary) which is itself required to file
Quarterly Reports on Form 10-Q with the SEC, with such information to be
provided in the same manner and detail and on the same time schedule as
the information with respect to Genworth required to be delivered to GE
pursuant to Schedules 4.2(a) and (b).

 

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

 

4.4           General Financial Statement
Requirements.  All information
provided by Genworth or any of its Subsidiaries to GE pursuant to this
Article IV shall be consistent in terms of format and detail and otherwise
with the procedures and practices

 

37

 

in effect prior to
the Closing Date with respect to the provision of such financial and other
information by GEFA to GE (and where appropriate, as presently presented in
financial and other reports delivered to the board of directors of GE), with
such changes therein as may be reasonably requested by GE from time to time,
and any changes in such procedures or practices that are required in order to
comply with the rules and regulations of the SEC, as applicable.

 

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

 

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

 

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

 

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

 

(d)        Other
Financial Information.  Genworth
shall provide to GE upon request such other financial information and analyses
of Genworth and its Subsidiaries

 

38

 

that may be
necessary for any member of the GE Group to (1) comply with applicable
financial reporting requirements or its customary financial reporting practices
or (2) respond in a timely manner to any reasonable requests for information
regarding Genworth and its Subsidiaries received by GE from investors or
financial analysts; provided, however, that neither GE nor any
member of the GE Group shall disclose any material, non-public information of
Genworth except pursuant to policies and procedures mutually agreed upon by GE
and Genworth for the disclosure of such information and except as required by
applicable Law.  In connection
therewith, Genworth shall also permit GE, the GE Auditors and other
Representatives of GE to discuss the affairs, finances and accounts of any
member of the Genworth Group with the officers of Genworth and the Genworth
Auditors, all at such times and as often as GE may reasonably request upon
reasonable notice during normal business hours.

 

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

 

39

 

Common Stock, GE
shall only have the right to review such press releases, public statements,
reports and other information in advance if necessary for any member of the GE
Group to (1) comply with applicable financial reporting requirements or its
customary financial reporting practices or (2) respond to any reasonable
requests for information regarding Genworth and its Subsidiaries received by GE
from investors or financial analysts. 
No press release, report, registration, information or proxy statement,
prospectus or other document which refers, or contains information with
respect, to any member of the GE Group shall be filed with the SEC or otherwise
made public or released to any financial analyst or investor by Genworth or any
of its Subsidiaries without the prior written consent of GE with respect to
those portions of such document that contain information with respect to any
member of the GE Group except as may be required by Law (in such cases Genworth
shall use its reasonable best efforts to notify the relevant member of the GE Group
and to obtain such member’s consent before making such a filing with the SEC or
otherwise making any such information public).

 

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

 

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

 

40

 

Genworth notice of
such release of Genworth Information as soon as practicable but no later than
two days prior to such release of Genworth Information.

 

4.6           GE Public Filings.  Genworth shall cooperate fully, and cause its accountants to
cooperate fully, with GE to the extent reasonably requested by GE in the
preparation of GE’s press releases, public earnings releases, Quarterly Reports
on Form 10-Q, Annual Reports to Shareholders, Annual Reports on Form 10-K, any
Current Reports on Form 8-K and any amendments thereto and any other proxy,
information and registration statements, reports, notices, prospectuses and any
other filings made by GE or any of its Subsidiaries with the SEC, any national
securities exchange or otherwise made publicly available (collectively, “GE
Public Filings”).  Genworth agrees
to provide to GE all information that GE reasonably requests in connection with
any such GE Public Filings or that, in the judgment of GE’s legal department,
is required to be disclosed therein under any Law.  Genworth agrees to use reasonable best efforts to provide such
information in a timely manner to enable GE to prepare, print and release such
GE Public Filings on such date as GE shall determine.  If and to the extent reasonably requested by GE, Genworth shall
diligently and promptly review all drafts of such GE Public Filings and prepare
in a diligent and timely fashion any portion of such GE Public Filing
pertaining to Genworth or its Subsidiaries. 
Prior to any printing or public release of any GE Public Filing, an
appropriate executive officer of Genworth, shall, if requested by GE, continue
the existing practice of certifying and representing that the information
provided by Genworth relating to Genworth, in such GE Public Filing is
accurate, true and correct in all material respects.  Unless required by Law, without the prior consent of GE, Genworth
shall not publicly release any financial or other information which conflicts
with the information with respect to Genworth, any Affiliate of Genworth or the
Genworth Group that is provided by Genworth for any GE Public Filing.

 

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

 

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

 

41

 

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

 

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

 

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

 

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

 

(b)        Accounting
Estimates and Principles.  Genworth
will give GE reasonable notice of any proposed material change in accounting
estimates or material changes in accounting principles from those in effect
with respect to GEFA, its Subsidiaries and the GE Affiliates that comprise the
Genworth Group immediately prior to the Closing Date, and will give GE notice
immediately following adoption of any

 

42

 

such changes that
are mandated or required by the SEC, the Financial Accounting Standards Board
or the Public Company Accounting Oversight Board.  In connection therewith, Genworth will consult with GE and, if
requested by GE, Genworth will consult with the GE Auditors with respect
thereto.  As to material changes in
accounting principles that could affect GE, Genworth will not make any such
changes without GE’s prior written consent, excluding changes that are mandated
or required by the SEC, the Financial Accounting Standards Board or the Public
Company Accounting Oversight Board, if such a change would be sufficiently
material to be required to be disclosed in Genworth’s financial statements as
filed with the SEC or otherwise publicly disclosed therein.  If GE so requests, Genworth will be required
to obtain the concurrence of the Genworth Auditors as to such material change
prior to its implementation.  GE will
use its reasonable best efforts to promptly respond to any request by Genworth
to make a change in accounting principles and, in any event, in sufficient time
to enable Genworth to comply with its obligations under Section 4.1.

 

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

 

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

 

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

 

43

 

personnel other
than the members of Genworth’s board of directors elected by GE may participate
at GE’s invitation.  GE will notify
Genworth in advance of any such additional attendees.

 

4.9           Accountants’ Reports.  Promptly, but in no event later than five
Business Days following the receipt thereof, Genworth shall deliver to GE
copies of all reports submitted to Genworth or any of its Subsidiaries by their
independent certified public accountants, including, without limitation, each
report submitted to Genworth or any of its subsidiaries concerning its
accounting practices and systems and any comment letter submitted to management
in connection with their annual audit and all responses by management to such
reports and letters.

 

4.10         Agreement for Exchange of
Information; Archives.

 

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

 

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

 

44

 

objects or to
impose any liability on any member of the GE Group if any such documents or
objects are not maintained or preserved by GE.

 

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

 

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

 

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

 

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

 

45

 

statute of
limitations (giving effect to any extensions thereof); provided  further,
however, no party will destroy, or permit any of its Subsidiaries to
destroy, any Information required to be retained by applicable Law.

 

4.14         Liability. 
No party shall have any liability to any other party in the event that
any Information exchanged or provided pursuant to this Agreement which is an
estimate or forecast, or which is based on an estimate or forecast, is found to
be inaccurate in the absence of willful misconduct by the party providing such
Information. No party shall have any liability to any other party if any
Information is destroyed after commercially reasonable efforts by such party to
comply with the provisions of Section 4.13.

 

4.15         Other Agreements Providing for
Exchange of Information.

 

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

 

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

 

4.16         Production of Witnesses; Records;
Cooperation.

 

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

 

(b)        If
an Indemnifying Party chooses to defend or to seek to compromise or settle any
Third Party Claim, the other parties shall make available to such Indemnifying
Party, upon written request, the former, current and future directors,

 

46

 

officers,
employees, other personnel and agents of the members of its respective Group as
witnesses and any books, records or other documents within its control or which
it otherwise has the ability to make available, to the extent that any such
person (giving consideration to business demands of such directors, officers,
employees, other personnel and agents) or books, records or other documents may
reasonably be required in connection with such defense, settlement or
compromise, or the prosecution, evaluation or pursuit thereof, as the case may
be, and shall otherwise cooperate in such defense, settlement or compromise, or
such prosecution, evaluation or pursuit, as the case may be.

 

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

 

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

 

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

 

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

 

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

 

47

 

ARTICLE V

 

RELEASE; INDEMNIFICATION

 

5.1           Release of Pre-Closing Claims.

 

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

 

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

 

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

 

48

 

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

 

(ii)           any
Liability, contingent or otherwise, assumed, transferred, assigned or allocated
to the Group of which such Person is a member in accordance with, or any other
Liability of any member of any Group under, this Agreement or any Transaction
Document;

 

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

 

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

 

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

 

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

 

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

 

(e)         It
is the intent of each of GE and Genworth, by virtue of the provisions of this Section 5.1,
to provide for a full and complete release and discharge of all Liabilities
existing or arising from all acts and events occurring or failing to occur or
alleged to have occurred or to have failed to occur and all conditions existing
or

 

49

 

alleged to have
existed on or before the Closing Date, between or among Genworth or any member
of the Genworth Group, on the one hand, and GE or any member of the GE Group,
on the other hand (including any contractual agreements or arrangements
existing or alleged to exist between or among any such members on or before the
Closing Date), except as expressly set forth in Sections 5.1 (a), (b) and
(c).  At any time, at the request of
any other party, each party shall cause each member of its respective Group to
execute and deliver releases reflecting the provisions hereof.

 

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

 

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

 

(b)        any
Genworth Liability or any Genworth Contract;

 

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

 

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

 

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

 

50

 

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

 

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

 

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

 

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

 

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

 

5.4           Registration Statement
Indemnification.

 

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

 

51

 

Statement, and the
Series A Preferred Stock Registration Statement that is described on Schedule 5.4
and (ii) information relating to any underwriter furnished in writing to
Genworth by or on behalf of such underwriter expressly for use in the
Registration Statement or Prospectus.

 

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

 

5.5           Contribution.

 

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

 

52

 

(b)        The
parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 5.5 were determined by a pro rata
allocation or by any other method of allocation that does not take account of
the equitable considerations referred to in paragraph (a) above. The amount
paid or payable by an indemnified party as a result of the Liabilities referred
to in paragraph (a) above, shall be deemed to include, subject to the
limitations set forth above, any legal or other fees or expenses reasonably
incurred by such indemnified party in connection with investigating any claim
or defending any Action. 
Notwithstanding the provisions of this Section 5.5, a
Registration Indemnified Party shall not be required to contribute any amount
in excess of the amount by which the proceeds to such Registration Indemnified
Party exceeds the amount of any damages which such Registration Indemnified
Party has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission.  No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

 

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

 

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

 

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

 

53

 

(c)         The
term “After-Tax Basis” as used in this Article V means that, in
determining the amount of the payment necessary to indemnify any party against,
or reimburse any party for, Liabilities, the amount of such Liabilities will be
determined net of any reduction in Tax derived by the indemnified party as the
result of sustaining or paying such Liabilities, and the amount of such
indemnification payment will be increased (i.e., “grossed up”) by the amount
necessary to satisfy any income or franchise Tax liabilities incurred by the
indemnified party as a result of its receipt of, or right to receive, such
indemnification payment (as so increased), so that the indemnified party is put
in the same net after-Tax economic position as if it had not incurred such
Liabilities, in each case without taking into account any impact on the tax
basis that an indemnified party has in its assets.

 

5.7           Procedures for Indemnification of
Third Party Claims.

 

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

 

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

 

54

 

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

 

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

 

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

 

5.8           Additional Matters.

 

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

 

(b)        Any
claim on account of a Liability which does not result from a Third Party Claim shall
be asserted by written notice given by the Indemnified Party to the applicable
Indemnifying Party.  Such Indemnifying
Party shall have a period of 30 days after the receipt of such notice within
which to respond thereto.  If such
Indemnifying Party does not respond within such 30-day period, such
Indemnifying Party shall be deemed to have refused to accept responsibility to
make payment.  If such Indemnifying
Party does not respond within such 30-day period or rejects such claim in whole
or in part, such Indemnified Party shall be free to pursue such remedies as may
be available to such party as contemplated by this Agreement and the
Transaction

 

55

 

Documents without
prejudice to its continuing rights to pursue indemnification or contribution
hereunder.

 

(c)         If
payment is made by or on behalf of any Indemnifying Party to any Indemnified
Party in connection with any Third Party Claim, such Indemnifying Party shall
be subrogated to and shall stand in the place of such Indemnified Party as to
any events or circumstances in respect of which such Indemnified Party may have
any right, defense or claim relating to such Third Party Claim against any
claimant or plaintiff asserting such Third Party Claim or against any other
Person.  Such Indemnified Party shall
cooperate with such Indemnifying Party in a reasonable manner, and at the cost
and expense of such Indemnifying Party, in prosecuting any subrogated right,
defense or claim.

 

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

 

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

 

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

 

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

 

56

 

ARTICLE VI

 

OTHER AGREEMENTS

 

6.1           Further Assurances.

 

(a)         In
addition to the actions specifically provided for elsewhere in this Agreement,
each of the parties hereto will cooperate with each other and use (and will
cause their respective Subsidiaries and Affiliates to use) commercially
reasonable efforts, prior to, on and after the Closing Date, to take, or to
cause to be taken, all actions, and to do, or to cause to be done, all things
reasonably necessary on its part under applicable Law or contractual
obligations to consummate and make effective the transactions contemplated by
this Agreement and the Transaction Documents.

 

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

 

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

 

57

 

6.2           Confidentiality.

 

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

 

(b)        From
and after the Closing, subject to Section 6.2(c) and except as
contemplated by this Agreement or any Transaction Document, Genworth shall not,
and shall cause its Affiliates and their respective Representatives, not to,
directly or indirectly, disclose, reveal, divulge or communicate to any Person
other than Representatives of such party or of its Affiliates who reasonably
need to know such information in providing services to Genworth or any member
of the Genworth Group or use or otherwise exploit for its own benefit or for
the benefit of any third party, any GE Confidential Information.  If any disclosures are made in connection
with providing services to any member of the Genworth Group under this
Agreement or any Transaction Document, then the GE Confidential Information so
disclosed shall be used only as required to perform the services.  The Genworth Group shall use the same degree
of care to prevent and restrain the unauthorized use or disclosure of the GE

 

58

 

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

 

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

 

6.3           Insurance Matters.

 

(a)         Members
of the Genworth Group will continue to have coverage under GE’s insurance
program until the Trigger Date.  Schedule 6.3
sets forth the current Insurance Policies in GE’s insurance program, and the
amounts payable by Genworth to GE under each such Insurance Policy for the 2004
fiscal year.  Members of the Genworth
Group will pay retrospective premium adjustments under each such

 

59

 

Insurance Policy
based on their loss experience under the Insurance Policy and in accordance
with GE’s pricing methodologies.  Except
as otherwise set forth on Schedule 6.3, the members of the Genworth
Group will have coverage under all Insurance Policies with respect to periods
prior to the Trigger Date in accordance with the terms of each such Insurance
Policy.  GE and Genworth agree to
cooperate in good faith to provide for an orderly transition of insurance
coverage from the Closing Date through the Trigger Date, and for the treatment
of any Insurance Policies that will remain in effect following the Trigger Date
on a mutually agreeable basis.  Genworth
may cancel coverage under any Insurance Policy by written notice to GE at least
sixty (60) days prior to such cancellation. 
In no event shall GE, any other member of the GE Group or any GE
Indemnified Party have liability or obligation whatsoever to any member of the
Genworth Group if any Insurance Policy or other contract or policy of insurance
shall be terminated or otherwise cease to be in effect or for any reason shall
be unavailable or inadequate to cover any Liability of any member of the
Genworth Group for any reason whatsoever or shall not be renewed or extended
beyond the current expiration date.  GE
shall provide notice to Genworth promptly upon its becoming aware that any
Insurance Policy has been terminated or is otherwise no longer in effect or is
reasonably likely to be terminated or otherwise cease to be in effect.

 

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

 

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

 

60

 

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

 

(d)        Genworth
does hereby, for itself and each other member of the Genworth Group, agree that
no member of the GE Group or any GE Indemnified Party shall have any Liability
whatsoever to Genworth or any other member of the Genworth Group as a result of
the insurance policies and practices of GE and its Affiliates as in effect at
any time prior to the Closing Date, including as a result of the level or scope
of any such insurance, the creditworthiness of any insurance carrier, the terms
and conditions of any policy, the adequacy or timeliness of any notice to any
insurance carrier with respect to any claim or potential claim or otherwise.

 

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

 

6.4           Allocation of Costs and Expenses.  GE shall pay (or, to the extent incurred by
and paid for by any member of the Genworth Group, will promptly reimburse such
party for any and all amounts so paid) for all out-of-pocket fees, costs and
expenses incurred by Genworth or any member of the GE Group prior to and
simultaneously with the consummation of the Initial Public Offering in connection
with the Transactions, including (a) the preparation and negotiation of this
Agreement, each Transaction Document (unless otherwise expressly provided
therein), the Genworth Bridge Loan, the Genworth Credit Facilities, the
Genworth Senior Notes and the $1.0 billion Genworth commercial paper facility
and all other documentation related to the Transactions and all related
transactions, (b) the preparation and execution or filing of any and all other
documents, agreements, forms, applications, contracts or consents associated
with the Transactions and all related transactions, (c) the preparation and
filing of Genworth’s and its Subsidiaries’ organizational documents, (d) the
preparation, printing and filing of any Registration Statement, including all
fees and expenses of complying with applicable federal, state or foreign
securities Laws and domestic or foreign securities exchange rules and
regulations, together with fees and expenses of counsel retained to effect such
compliance, (e) the preparation, printing and distribution of each Prospectus,
(f) the private letter ruling from the Internal Revenue Service sought in
connection with the Transactions, (g) the initial listing of the Genworth
Common Stock, the Series A Preferred Stock and the Genworth Equity Units on The
New York Stock Exchange, (h) the fees and expenses of KPMG LLP incurred in
connection with the IPO Registration Statement (excluding core-audit fees and
expenses of KPMG LLP), (i) the fees and expenses of PricewaterhouseCoopers LLP
incurred in connection with the Initial Public Offering and Genworth’s second
quarter financial closing (including all such fees and expenses incurred
through July 15, 2004) and (j) the preparation (including, but not limited
to, the printing of documents) and implementation of Genworth’s or its
Subsidiaries’ employee benefit plans, retirement plans and equity-based
plans.  In

 

61

 

addition, GE shall
pay (or, to the extent incurred by and paid for by any member of the Genworth
Group, will promptly reimburse such party for any and all amounts so paid) for
all out-of-pocket fees, costs and expenses incurred by Genworth or any member
of the GE Group or Genworth Group following the consummation of the Initial
Public Offering in connection with (1) the preparation, printing and filing of
the Debt Registration Statement, including all fees and expenses of complying
with applicable federal, state or foreign securities Laws and domestic or
foreign securities exchange rules and regulations, together with fees and
expenses of counsel retained to effect such compliance, (2) the preparation,
printing and distribution of the Prospectus included in the Debt Registration
Statement, (3) the consummation of the Genworth Credit Facilities, the Genworth
Senior Notes and the $1.0 billion Genworth commercial paper facility, (4) the
consummation of the transfer of the Delayed Transfer Assets and the assumption
of the Delayed Transfer Liabilities; (5) the exercise of the Over-Allotment Option
and (6) the FACL Bonds Reinsurance pursuant to Section 2.10(a), the
transfer of Active FACL Bonds to an appropriate member of the GE Group pursuant
to Section 2.10(b) and the preparation of the administration
agreements contemplated by Sections 2.10(c)(ii) and 2.10(e)(v); provided,
that prior to the Closing Date Genworth shall deliver to GE a good faith
estimate of the out-of-pocket fees, costs and expenses expected to be incurred
in connection with the foregoing clauses (1) through (4) and clause (6).

 

6.5           Covenants Against Taking Certain
Actions Affecting GE.

 

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

 

(b)        Prior
to the Trigger Date, to the extent that any member of the GE Group is a party
to any contract or agreement with a third party (i) that provides that certain
actions of GE’s Subsidiaries may result in GE being in breach of or in default
under such agreement and GE has advised Genworth, or Genworth is otherwise
aware, of the existence of, such contract or agreement (or the relevant
portions thereof), (ii) to which any member of the Genworth Group is a party or
(iii) under which any member of the Genworth Group has performed any obligations
on or before the date hereof, Genworth shall not take, and shall cause each
other member of the Genworth Group not to take, any actions that reasonably
could result in any member of the GE Group being in breach of or in default
under any such contract or agreement; provided, that, except as set
forth in any Transaction Document or otherwise agreed to in writing by any
member of the Genworth Group, the foregoing shall not obligate any member of
the Genworth Group to satisfy any volume assumptions or targets in any such
contracts or agreements

 

62

 

that are not
specifically applicable to such member of the Genworth Group in such contracts
or agreements.  As of the date hereof,
the contracts and agreements described in clause (i) above are set forth or
generally described on Schedule 6.5(b). Genworth hereby
acknowledges and agrees that GE has made available to Genworth copies of each
contract or agreement (or the relevant portion thereof) described on Schedule 6.5(b).
The parties acknowledge and agree that, after the date hereof, GE may in good
faith (and not solely with the intention of imposing restrictions on Genworth
pursuant to this covenant) amend the referenced agreements or enter into
additional contracts or agreements that provide that certain actions of any
member of the Genworth Group may result in GE being in breach of or in default
under such agreements; provided that GE shall use reasonable efforts to
notify and consult with Genworth prior to entering into any such amendments or
additional contracts or agreements to the extent that compliance therewith (i)
could reasonably be expected to have a material adverse effect on any member of
the Genworth Group or (ii) would discriminate in an adverse way in the
treatment of members of the Genworth Group as compared with GE and its other
Affiliates, and shall make available to Genworth copies of such amendments or
additional contracts or agreements.  In
such event, Schedule 6.5(b) shall be deemed to be automatically
amended to reflect the addition of any other contracts or agreements (or
relevant portions thereof) of which GE advises Genworth after the date hereof
in accordance with this Section 6.5(b).

 

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

 

6.6           No Violations.

 

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

 

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

 

63

 

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

 

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

 

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

 

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

 

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

 

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

 

6.11         Future Intercompany Transactions.  All proposed intercompany transactions
between Genworth and GE after the Closing Date, including any material
amendments to the Transaction Documents, and any consent or approval proposed
to be

 

64

 

granted by
Genworth for GE’s benefit, in each case that would ordinarily be submitted for
approval by the board of directors of Genworth will be subject to the approval
of a majority of the independent directors (as defined under the applicable
rules of any securities exchange on which shares of Genworth Common Stock are
listed) of the board of directors of Genworth.

 

6.12         Use of Restricted Marks; Certain
Commercial Arrangements.

 

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

 

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

 

65

 

consumers; or
(iii) making references to any Affiliate of GE as an Affiliate of GE or any of
GE’s Affiliates (including, without limitation, for the purposes of evidencing
credit rating or other support); or (iv) making such disclosures as may be
required by applicable Law.

 

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

 

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

 

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

 

6.13         Committees.

 

(a)         Compensation
Committee.  Prior to the Trigger
Date, the compensation committee of the board of directors of Genworth shall be
comprised of three directors, one of whom shall be designated by GE and two of
whom shall be 

 

66

 

independent
directors as defined under the applicable rules of any securities exchange on
which shares of Genworth Common Stock are listed.  From and after the Trigger Date, the compensation committee shall
be comprised of three directors each of whom shall be independent directors as
defined under the applicable rules of any securities exchange on which shares
of Genworth Common Stock are listed.

 

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

 

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

 

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

 

6.16         HomeBuyer Now Program; GE
Relocation Program; GE Marketplace.

 

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

 

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

 

67

 

(c)         From
the Closing Date until the second anniversary of the Trigger Date, Genworth
shall continue to coordinate reviews of one or more provider(s) of residential
mortgage loans for placement on the GE Group’s Employee Services intranet site
known as the GE Marketplace (or successor thereto) and present recommendations
to the Marketplace Oversight Committee. 
The Marketplace Oversight Committee shall evaluate proposed offers to
include recommended providers in GE Marketplace offerings, subject to its
approval guidelines and standards.  The
parties acknowledge that the acceptance of each such recommended mortgage
provider shall be in the sole and absolute discretion of the GE Group.

 

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

 

6.18         Repurchase of Common Stock.  Prior to the Trigger Date, without GE’s
prior written consent, Genworth shall not, and shall cause the other members of
the Genworth Group not to, purchase, redeem or otherwise acquire or retire for
value any shares of Class A Common Stock or any warrants, options or other
rights to acquire Class A Common Stock other than (1) the repurchase of Class A
Common Stock deemed to occur upon exercise of stock options to that extent that
shares of Class A Common Stock represent a portion of the exercise price of the
stock options or are withheld by Genworth to pay applicable withholding taxes
and (2) the repurchase of Class A Common Stock deemed to occur to the extent
shares of Class A Common Stock are withheld by Genworth to pay applicable
withholding taxes in connection with any grant or vesting of restricted stock.

 

6.19         Credit Facilities.  Prior to the Operative Date (as defined in
the Charter), if Genworth intends to incur Indebtedness under the Credit
Facilities (as such terms are defined in the Charter) to fund (i) liabilities
of Genworth and its Subsidiaries under funding agreements or guaranteed investment
contracts issued in the ordinary course of business by Subsidiaries of Genworth
that are regulated life insurance companies or (ii) cash payments by Genworth
and its Subsidiaries in connection with insurance policy surrenders and
withdrawals in the ordinary course of business, Genworth shall provide prior
notice thereof to GE and, to the extent requested by GE, consult with GE with
respect to such incurrence.

 

6.20         Amendments to
Reinsurance-Related Documents and Other Agreements.  Promptly following the Closing Date,
Genworth and GE shall, and shall cause their respective Subsidiaries to, take
all necessary actions to amend each of the Reinsurance-Related Documents, the
Business Services Agreement and the UFLIC ESG Services Agreement so that the terms
thereof are consistent with the terms of Section 7.1(c), including
seeking all regulatory approvals necessary to effect such amendments.

 

68

 

6.21         Compensation Practices Review.  Genworth and GE shall use their commercially
reasonable efforts to cause their relevant subsidiaries to undertake a one-time
joint review of the compensation practices relating to the business reinsured
under the Variable Annuity Reinsurance Agreements and, subject to compliance with
applicable contractual limitations and Law, to appropriately adjust, if
necessary, such practices to reflect current industry standards and
practices.  Such review shall include
the payment of commissions in connection with withdrawals and subsequent new
money additions.

 

ARTICLE VII

 

DISPUTE RESOLUTION

 

7.1           General Provisions.

 

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

 

(b)        Commencing
with a request contemplated by Section 7.2 set forth below, all
communications between the parties or their representatives in connection with
the attempted resolution of any Dispute, including any mediator’s evaluation
referred to in Section 7.3 set forth below, shall be deemed to have
been delivered in furtherance of a Dispute settlement and shall be exempt from
discovery and production, and shall not be admissible in evidence for any
reason (whether as an admission or otherwise), in any arbitral or other
proceeding for the resolution of the Dispute.

 

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

 

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

 

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

 

(f)         Notwithstanding
anything to the contrary contained in this Article VII, any Dispute
relating to GE’s rights as a stockholder of Genworth pursuant to applicable
Law, Genworth’s Charter or Genworth’s Amended and Restated Bylaws, including
GE’s rights as the holder of the Class B Common Stock, will not be governed

 

69

 

by or subject to
the procedures set forth in this Article VII.  The parties hereto hereby irrevocably submit
to the exclusive jurisdiction of any state court located within the State of
Delaware over any such Dispute and each party hereby irrevocably agrees that
all claims in respect of any such Dispute or any suit, action proceeding
related thereto may be heard and determined in such courts.  The parties hereby irrevocably waive, to the
fullest extent permitted by applicable Law, any objection which they may now or
hereafter have to the laying of venue of any such Dispute brought in such court
or any defense of inconvenient forum for the maintenance of such dispute.  Each of the parties hereto agrees that a
judgment in any such Dispute may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by Law.

 

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

 

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

 

7.4           Arbitration.

 

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

 

(b)        The
neutral organization for purposes of the CPR Arbitration Rules will be the CPR.
The arbitral tribunal shall be composed of three arbitrators, of whom each
party shall appoint one in accordance with the “screened” appointment procedure
provided in Rule 5.4 of the CPR Arbitration Rules.  The arbitration shall be conducted in New York City.  Each party shall be permitted to present its
case,

 

70

 

witnesses and
evidence, if any, in the presence of the other party.  A written transcript of the proceedings shall be made and
furnished to the parties.  The
arbitrators shall determine the Dispute in accordance with the law of the State
of New York, without giving effect to any conflict of law rules or other rules
that might render such law inapplicable or unavailable, and shall apply this
Agreement and the Transaction Documents according to their respective terms; provided,
however, that any Dispute in respect of a Transaction Document which by
its terms is governed by the law of a jurisdiction other than the State of New
York shall be determined by the law of such other jurisdiction and; provided,
further, however, that the provisions of this Agreement relating
to arbitration shall in any event be governed by the Federal Arbitration Act, 9
U.S.C. §§ 1 et seq.

 

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

 

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

 

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

 

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

 

71

 

ARTICLE VIII

 

MISCELLANEOUS

 

8.1           Corporate Power; Fiduciary Duty.

 

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

 

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

 

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

 

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

 

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

 

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

 

8.4           Force Majeure. 
No party hereto (or any Person acting on its behalf) shall have any
liability or responsibility for failure to fulfill any obligation (other than a
payment obligation) under this Agreement or, unless otherwise expressly
provided

 

72

 

therein, any
Transaction Document, so long as and to the extent to which the fulfillment of
such obligation is prevented, frustrated, hindered or delayed as a consequence
of circumstances of Force Majeure.  A
party claiming the benefit of this provision shall, as soon as reasonably
practicable after the occurrence of any such event:  (i) notify the other parties of the nature and extent of any such
Force Majeure condition and (ii) use due diligence to remove any such causes
and resume performance under this Agreement as soon as feasible.

 

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

 

If to the GE Parties, to:

 

General Electric Company

3135 Easton Turnpike

Fairfield, CT 06828

Attention: Chief Corporate and Securities Counsel

Fax: 203-373-3079

 

If to Genworth, to:

 

Genworth Financial, Inc.

6620 West Broad Street

Richmond, VA 23230

Attention: 
General Counsel

Fax: 804-662-2414

 

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

 

8.7           Entire Agreement.  Except as otherwise expressly provided in this Agreement, this
Agreement (including the Schedules and Exhibits hereto) constitutes the entire
agreement of the parties hereto with respect to the subject matter of this
Agreement

 

73

 

and supersedes all
prior agreements and undertakings, both written and oral, between or on behalf
of the parties hereto with respect to the subject matter of this Agreement.

 

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

 

8.9           Public Announcements.  GE and Genworth shall consult with each
other before issuing, and give each other the opportunity to review and comment
upon, any press release or other public statements with respect to the
transactions contemplated by this Agreement and the Transaction Documents, and
shall not issue any such press release or make any such public statement prior
to such consultation, except as may be required by applicable Law, court
process or by obligations pursuant to any listing agreement with any national
securities exchange or national securities quotation system.

 

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

 

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

 

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

 

74

 

[The remainder of this page is intentionally left
blank]

 

75

 

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

 

	
   

  	
  GENERAL ELECTRIC
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC
  CAPITAL

  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GEI, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GE FINANCIAL
  ASSURANCE

  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

76

 

Exhibit
A

 

Form of Transition Services Agreement

 

Separately
provided as Exhibit 10.3 to Registration Statement No. 333-112009.

 

 

Exhibit
B

 

Form of Registration Rights Agreement

 

Separately
provided as Exhibit 10.2 to Registration Statement No. 333-112009.

 

 

Exhibit
C

 

Form of Tax Matters Agreement

 

Separately
provided as Exhibit 10.7 to Registration Statement No. 333-112009.

 

 

Exhibit
D

 

Form of Employee Matters Agreement

 

Separately
provided as Exhibit 10.8 to Registration Statement No. 333-112009.

 

 

Exhibit
E

 

Form of Transitional Trademark
License Agreement

 

Separately
provided as Exhibit 10.9 to Registration Statement No. 333-112009.

 

 

Exhibit
F

 

Form of Intellectual Property Cross
License Agreement

 

Separately
provided as Exhibit 10.10 to Registration Statement No. 333-112009.

 

 

Exhibit
G

 

Form of Outsourcing Services
Separation Agreement

 

Separately
provided as Exhibit 10.6 to Registration Statement No. 333-112009.

 

 

Exhibit
H

 

Form of European Transition Services
Agreement

 

Separately
provided as Exhibit 10.30 to Registration Statement No. 333-112009.

 

 

Exhibit
I

 

Form of Investment Management
Agreements

 

Separately
provided as Exhibit 10.31 and Exhibit 10.32 to Registration Statement No.
333-112009.

 

 

Exhibit
J

 

Form of Viking Agreement

 

Separately
provided as Exhibit 10.29 to Registration Statement No. 333-112009.

 

 

Exhibit
K

 

Form of Liability and Portfolio
Management Agreement

 

Separately
provided as Exhibit 10.4, Exhibit 10.5 and Exhibit 10.55 to Registration
Statement No. 333-112009.

 

 

Exhibit
L

 

Form of Asset Management Services
Agreement

 

Separately
provided as Exhibit 10.33 to Registration Statement No. 333-112009.

 

 

Exhibit
M

 

Form of UK Transfer Plan

 

Separately
provided as Exhibit 10.41 to Registration Statement No. 333-112009.

 

 

Exhibit
N

 

Form of French Transfer Plan

 

Separately
provided as Exhibit 10.43 to Registration Statement No. 333-112009.

 

 

Exhibit
O

 

Form of Derivatives Management
Services Agreement

 

Separately
provided as Exhibit 10.28 to Registration Statement No. 333-112009.

 

 

Exhibit
P

 

Form of European Tax Matters
Agreement

 

Separately provided
as Exhibit 10.57 to Registration Statement No. 333-112009.

 

 

Exhibit
Q

 

Form of Framework Agreement

 

Separately
provided as Exhibit 10.26 to Registration Statement No. 333-112009.

 

 

Exhibit
R

 

Form of Mortgage Services Agreement

 

Separately provided
as Exhibit 10.25 to Registration Statement No. 333-112009.

 

 

Exhibit
S

 

Form of UFLIC ESG Services Agreement

 

Separately
provided as Exhibit 10.45 to Registration Statement No. 333-112009.

 

 

Exhibit
T

 

French Transfer Agreement

 

Separately
provided as Exhibit 10.44 to Registration Statement No. 333-112009.

 

 

Exhibit
U

 

Form of Capital Management Agreement

 

Separately
provided as Exhibit 10.21 to Registration Statement No. 333-112009.

 

Exhibit V

 

RECAPTURE AGREEMENT

 

This RECAPTURE AGREEMENT (this “Agreement”)
effective as of 12:01 a.m. on January 1, 2004 (the “Effective Time”)  by and between GENERAL ELECTRIC CAPITAL
ASSURANCE COMPANY, an insurance company organized under the laws of Delaware
(the “Retrocedent”) and JAMESTOWN LIFE INSURANCE COMPANY, an insurance
company organized under the laws of Virginia (the “Retrocessionaire”).

 

WHEREAS, the Retrocedent and the Retrocessionaire have
entered into the Modified Coinsurance Retrocession Agreement effective as of
July 1, 2000 (the “Retrocession Agreement”); and

 

WHEREAS, the Retrocedent and the Retrocessionaire
desire a full and final settlement, discharge and release of any and all of
each of their respective liabilities, rights, duties and obligations under the
Retrocession Agreement.

 

NOW, THEREFORE, the
Retrocedent and the Retrocessionaire (each a “Party”, and collectively,
the “Parties”) agree as follows:

 

ARTICLE I

RECAPTURE CONSIDERATION

 

Section
1.1  Recapture Consideration.  As consideration of the Retrocessionaire’s
release of the Retrocedent, the Retrocedent hereby agrees to pay the
Retrocessionaire the cash and investment assets listed on Schedule A
hereto.

 

ARTICLE II

RECAPTURE

 

Section
2.1  Retrocedent Release of
the Retrocessionaire.  In
consideration of the release provided in Section 2.2, as of the Effective Time,
the Retrocedent hereby forever releases and discharges the Retrocessionaire,
and its respective predecessors, successors, parents, assigns, officers,
directors, agents, employees, representatives, liquidators, receivers,
shareholders, heirs, executors, administrators, and attorneys from any and all
past, present, and future obligations, adjustments, liability for payment of
interest, offsets, actions, causes of action, suits, debts, sums of money,
accounts, premium payments, reckonings, bonds, bills, covenants, contracts,
controversies, agreements, promises, damages, judgments, liens, rights, costs
and expenses (including attorneys’ fees and costs actually incurred), claims
and demands, liabilities and losses of any nature whatsoever, whether grounded
in law, in equity, in admiralty, in contract or in tort, all whether known or
unknown, suspected or unsuspected, vested or contingent, that the Retrocedent
now

 

 

has,
owns, or holds or claims to have, own, or hold, or at any time had, owned, or
held, or claimed to have had, owned, or held, or may after the execution of
this Agreement have, own, or hold or claim to have, own, or hold, arising out
of conduct or matters occurring prior to or subsequent to the execution of this
Agreement, against the Retrocessionaire, arising from, based upon, or in any
way related to the Retrocession Agreement, it being the intention of the
Parties that this release operate as a full and final settlement of the
Retrocessionaire’s current and future liabilities to the Retrocedent under and
in connection with the Retrocession Agreement, provided, however,
that this release does not discharge obligations of the Retrocessionaire that
have been undertaken or imposed by the terms of this Agreement.

 

Section
2.2  Retrocessionaire Release
of the Retrocedent.  In
consideration of receipt of the payment described in Article I, the release
provided in Section 2.1 and the Retrocedent’s indemnification obligations
described in Section 2.3, as of the Effective Time, the Retrocessionaire hereby
forever releases and discharges the Retrocedent, and its respective
predecessors, successors, parents, assigns, officers, directors, agents,
employees, representatives, liquidators, receivers, shareholders, heirs,
executors, administrators, and attorneys from any and all past, present, and
future obligations, adjustments, liability for payment of interest, offsets,
actions, causes of action, suits, debts, sums of money, accounts, premium
payments, reckonings, bonds, bills, covenants, contracts, controversies,
agreements, promises, damages, judgments, liens, rights, costs and expenses
(including attorneys’ fees and costs actually incurred), claims and demands,
liabilities and losses of any nature whatsoever, whether grounded in law, in
equity, in admiralty, in contract or in tort, all whether known or unknown,
suspected or unsuspected, vested or contingent, that the Retrocessionaire now
has, owns, or holds or claims to have, own, or hold, or at any time had, owned,
or held, or claimed to have had, owned, or held, or may after the execution of
this Agreement have, own, or hold or claim to have, own, or hold, arising out
of conduct or matters occurring prior to or subsequent to the execution of this
Agreement, against the Retrocedent, arising from, based upon, or in any way
related to the Retrocession Agreement, it being the intention of the Parties
that this release operate as a full and final settlement of the Retrocedent’s
current and future liabilities to the Retrocessionaire under and in connection
with the Retrocession Agreement, provided, however, that this
release does not discharge obligations of the Retrocedent that have been
undertaken or imposed by the terms of this Agreement.

 

Section
2.3  Retrocedent
Indemnification of Retrocessionaire. 
The Retrocedent agrees to indemnify and hold the Retrocessionaire, its
predecessors, successors, parents, affiliates, subsidiaries, agents, officers,
directors, shareholders and their assigns (hereinafter “Affiliated Persons”)
harmless for, from and against any and all obligations, liabilities, claims,
actions and demands of any nature whatsoever (“Actions”), whether in law
or in equity, whether sounding in tort, contract or otherwise, arising from,
based upon, or in any way related to the Retrocession Agreement.  In addition, the Retrocedent agrees to
defend, on behalf of the Retrocessionaire and the Affiliated Persons, at the

 

2

 

Retrocedent’s
sole cost and expense, any and all Actions brought against the Retrocessionaire
or the Affiliated Persons with respect to matters arising from, based upon, or
in any way related to the Retrocession Agreement.  The manner in which such defense shall be conducted shall be
solely within the discretion of the Retrocedent; provided that such
defense is conducted in accordance with reasonable professional standards and
in the interest of the Retrocessionaire and the Affiliated Persons.  Without waiver or modification of this
accord and satisfaction, the Retrocessionaire shall have the right to
participate, at its sole cost and expense, in the defense of any Actions.  If the Retrocedent shall fail to assume such
defense or fail to defend in accordance with reasonable professional standards,
the Retrocessionaire shall have the right without waiver or modification of
this accord and satisfaction to assume the defense of any Actions at the
Retrocedent’s sole cost and expense after 10 days written notice to the
Retrocedent and the Retrocedent shall provide the Retrocessionaire with
unencumbered security which in the Retrocessionaire’s reasonable opinion will
be of such quality and in such amount as to secure its estimated full cost and
expense of such defense.

 

ARTICLE III

INDEPENDENT INVESTIGATION

 

Section
3.1  Independent Investigation.  The Retrocedent and the Retrocessionaire
acknowledge that they have each entered into this Agreement in reliance on
their own independent investigation and analysis of the facts underlying their
participation in the Retrocession Agreement, and that no representations,
warranties or promises of any kind have been made, directly or indirectly, to
induce them to execute this Agreement other than those which are expressly set
forth herein.  Nevertheless, the Parties
acknowledge that they may later discover facts different from or in addition to
those now known or believed to be known regarding their participation in the
Retrocession Agreement and agree that this Agreement shall remain in force
notwithstanding the existence of or belief regarding any different or
additional facts.

 

ARTICLE IV

 REPRESENTATIONS AND WARRANTIES

 

Section
4.1  Representations and
Warranties of Each Party.  Each
Party hereto represents and warrants to the other Party that:

 

(a)  the execution of this Agreement is
fully authorized by it;

 

(b)  the person or persons executing this
Agreement on its behalf have the necessary and appropriate authority to do so;

 

3

 

(c) 
it has no notice of any pending action, agreements, transactions,
or negotiations to which it is a party or is likely to be made a party that
would render this Agreement or any part thereof void, voidable, or
unenforceable; and

 

(d) 
any authorization,
consent, or approval of any governmental entity, required to make this
Agreement valid and binding has been obtained.

 

Section
4.2  Representation and
Warranty of the Retrocedent.  The
Retrocedent represents and warrants to the Retrocessionaire that, as of the
Effective Time, the Retrocedent is not statutorily insolvent based on its
financial statements prepared in accordance with statutory accounting practices
which are prescribed or permitted by the state insurance regulatory authority
of the State of Delaware.

 

ARTICLE V

 

MISCELLANEOUS

 

Section
5.1  Headings.  Headings used herein are not a part of this
Agreement and shall not affect the terms hereof.

 

Section
5.2  Notices.  All notices, requests, demands and other
communications under this Agreement must be in writing and will be deemed to
have been duly given or made as follows: 
(a) if sent by registered or certified mail in the United States return
receipt requested, upon receipt; (b) if sent by reputable overnight air courier
two business days after mailing; (c) if sent by facsimile transmission, with a
copy mailed on the same day in the manner provided in (a) or (b) above, when
transmitted and receipt is confirmed by telephone; or (d) if otherwise actually
personally delivered, when delivered, and shall be delivered as follows:

 

(a)  If to the Retrocedent:

 

General Electric Capital
Assurance Company

6610 West Broad Street

Richmond, VA 23230

Facsimile:  (804) 281-6165

Attention:  Chief Executive Officer

 

4

 

With a copy to:

 

General Electric Capital
Assurance Company

6620 West Broad Street

Richmond, VA 23230

Facsimile:  (804) 662-2414

Attention:  General Counsel

 

(b)  If to the Retrocessionaire:

 

Jamestown Life Insurance
Company

6604 West Broad Street

Richmond, VA 23230

Facsimile:  (804) 662-2414

Attention:  General Counsel

 

or to such other address or to such other person as
either Party may have last designated by notice to the other Party.

 

Section
5.3  Successors and Assigns.  This Agreement shall be binding upon and
shall inure solely to the benefit of the Parties hereto and their respective
successors, assigns, receivers, liquidators, rehabilitators, conservators and
supervisors, it not being the intent of the Parties to create any third party
beneficiaries, except as specifically provided in this Agreement.

 

Section
5.4  Execution in Counterpart.  This Agreement may be executed by the
Parties hereto in any number of counterparts, and by each of the Parties hereto
in separate counterparts, each of which counterparts, when so executed and
delivered, shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same instrument.

 

Section
5.5  Amendments.  This Agreement may not be changed, altered
or modified unless the same shall be in writing executed by the Retrocedent and
the Retrocessionaire.

 

Section
5.6  Governing Law.  This Agreement will be construed, performed
and enforced in accordance with the laws of the State of Delaware without
giving effect to its principles or rules of conflict of laws thereof to the
extent such principles or rules would require or permit the application of the
laws of another jurisdiction.

 

Section
5.7  Entire Agreement.  This Agreement contains the entire agreement
of the Parties with respect to the subject matter of this Agreement, and
supersedes all other prior agreements, understandings, statements,
representations and warranties, oral or 

 

5

 

written,
express or implied, between the Parties and their respective affiliates,
representatives and agents in respect of the subject matter hereof.

 

Section
5.8  Severability.  If any provision of this Agreement is held
to be void or unenforceable, in whole or in part, (i) such holding
shall not affect the validity and enforceability of the remainder of this
Agreement, including any other provision, paragraph or subparagraph, and (ii) the
Parties agree to attempt in good faith to reform such void or unenforceable
provision to the extent necessary to render such provision enforceable and to
carry out its original intent.

 

Section
5.9  No Waiver; Preservation
of Remedies.  No consent or waiver,
express or implied, by any Party to or of any breach or default by any other
Party in the performance by such other Party of its obligations hereunder shall
be deemed or construed to be a consent or waiver to or of any other breach or
default in the performance of obligations hereunder by such other Party
hereunder.  Failure on the part of any
Party to complain of any act or failure to act of any other Party or to declare
any other Party in default, irrespective of how long such failure continues,
shall not constitute a waiver by such first Party of any of its rights
hereunder.  The rights and remedies
provided are cumulative and are not exclusive of any rights or remedies that
any Party may otherwise have at law or equity.

 

Section
5.10  Negotiated Agreement.  This Agreement has been negotiated by the
Parties and the fact that the initial and final draft will have been prepared
by either Party or an intermediary will not give rise to any presumption for or
against any Party to this Agreement or be used in any respect or forum in the
construction or interpretation of this Agreement or any of its provisions.

 

Section
5.11  Tax Exception to Any Confidentiality.  Notwithstanding
anything to the contrary set forth herein or in any other agreement to which
the Parties hereto are parties or by which they are bound, any obligations of
confidentiality contained herein and therein, as they relate to the
transactions, shall not apply to the federal tax structure or federal tax
treatment of the transactions, and each party hereto (and any employee,
representative, or agent of any party hereto) may disclose to any and all
persons, without limitation of any kind, the federal tax structure and federal
tax treatment of the transactions.  The
preceding sentence is intended to cause the transactions to be treated as not
having been offered under conditions of confidentiality for purposes of Section
1.6011-4(b)(3) (or any successor provision) of the Treasury Regulations
promulgated under Section 6011 of the Internal Revenue Code of 1986, as
amended, and shall be construed in a manner consistent with such purpose.  In addition, each party hereto acknowledges
that it has no proprietary or exclusive rights to the federal tax structure of
the transactions or any federal tax matter or federal tax idea related to the
transactions.

 

6

 

Section
5.12  Interpretation.  Wherever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by
the words “without limitation.”

 

Section
5.13  Incontestability.  In consideration of the mutual covenants and
agreements contained herein, each Party hereto does hereby agree that this
Agreement, and each and every provision hereof, is and shall be enforceable by
and between them according to its terms, and each Party does hereby agree that
it shall not, directly or indirectly, contest the validity or enforceability
hereof.

 

7

 

IN WITNESS WHEREOF, the Parties hereto have caused
this Agreement to be executed by their duly authorized representatives.

 

	
   

  	
  GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Victor C. Moses

  
	
   

  	
   

  	
  Title: Senior Vice
  President and Chief Actuary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JAMESTOWN LIFE
  INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Ward Bobitz

  
	
   

  	
   

  	
  Title: Vice President

  

 

8

 

SCHEDULE A

 

Assets

 

9

 

	
  Transfer Document

  	
   

  	
  From

  	
   

  	
  To

  	
   

  	
   

  	
   

  	
  Nature of 

  Transfer

  	
   

  	
  Cash Map

  Cross-

  Reference

  	
   

  	
  Schedule

  	
   

  	
   

  	
   

  
	
  Bill of
  Sale

  	
   

  	
  GECA

  	
   

  	
  JTL

  	
   

  	
   

  	
   

  	
  Recapture

  	
   

  	
  (71)

  	
   

  	
  Schedule A

  	
   

  	
   

  	
   

  
	
  Parent Name

  	
   

  	
  Issuer
  Name

  	
   

  	
  1Q04 Cusip

  	
   

  	
  1Q04

  Tax lot

  	
   

  	
  1Q04
  Current

  Par

  	
   

  	
  1Q04 GAAP

  BV (including

  attached

  derivative)

  	
   

  	
  1Q04

  Accrued 

  Interest

  	
   

  	
  1Q04 GAAP

  BV + Accrued

  Interest

  	
   

  
	
   

  	
   

  	
  [Individual Asset Details Omitted]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Asset
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  342,536,963.59

  	
   

  	
  5,010,635.72

  	
   

  	
  347,547,599.31

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  832,321.82

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  348,379,921.13

  	
   

  

 

	
  Transfer Document

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bill of
  Sale

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Parent
  Name

  	
   

  	
  1Q04 STAT

  BV (including

  attached
 derivative)

  	
   

  	
  1Q04 

  Accrued 

  Interest

  	
   

  	
  1Q04 STAT
  BV

  + Accrued

  Interest

  	
   

  	
  1Q04 MV

  (including

  attached

  derivative)

  	
   

  	
  1Q04
  Accrued

  Interest

  	
   

  	
  1Q04 MV +

  Accrued Interest

  	
   

  
	
   

  	
   

  	
  [Individual Asset Details Omitted]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Asset
  Total

  	
   

  	
  345,313,205.38

  	
   

  	
  5,010,635.72

  	
   

  	
  350,323,841.10

  	
   

  	
  365,745,427.41

  	
   

  	
  5,010,635.72

  	
   

  	
  370,756,063.13

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  832,321.82

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  832,321.82

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  351,156,162.92

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  371,588,384.95

  	
   

  

 

 

Exhibit W

 

Form
of Long Term Care Retrocession Agreement

 

Separately provided as Exhibit 10.16 and
Exhibit 10.17 to Registration Statement No. 333-112009.

 

 

Exhibit X

 

Form
of Medicare Supplement Reinsurance Agreement

 

Separately provided as Exhibit 10.20 to
Registration Statement No. 333-112009.

 

 

Exhibit Y

 

Form
of Structured Settlement Annuity Reinsurance Agreements

 

Separately provided as Exhibit 10.11, Exhibit
10.12, Exhibit 10.13, Exhibit 10.14, Exhibit 10.15 and Exhibit 10.54 to
Registration Statement No. 333-112009.

 

 

Exhibit Z

 

Form
of Variable Annuity Reinsurance Agreements

 

Separately provided as Exhibit 10.18 and
Exhibit 10.19 to Registration Statement No. 333-112009.

 

 

Exhibit AA

 

Form
of Trust Agreements

 

Separately provided as Exhibit 10.48, Exhibit
10.49, Exhibit 10.50, Exhibit 10.51, Exhibit 10.52 and Exhibit 10.53 to
Registration Statement No. 333-112009.

 

 

Exhibit BB

 

Form
of Business Services Agreement

 

Separately provided as Exhibit 10.27 to
Registration Statement No. 333-112009.

 

 

Exhibit CC

 

Form
of Genworth Contingent Note

 

Separately provided as Exhibit 10.46 to
Registration Statement No. 333-112009.

 

Exhibit DD

 

PROMISSORY NOTE

 

 

	
  $2,400,000,000

  	
   

  	
  Dated:  May    , 2004

  

 

FOR VALUE RECEIVED, the undersigned, GENWORTH
FINANCIAL, INC., a Delaware corporation (“Company”) hereby promises to pay to the
order of GE FINANCIAL ASSURANCE HOLDINGS, INC., a Delaware corporation (“GEFAHI”),
or to any other permitted holder of this Note (GEFAHI or such other holder
being the “Holder”),
on or before May __, 2004, the principal amount of TWO BILLION FOUR HUNDRED
MILLION UNITED STATES DOLLARS (U.S. $2,400,000,000) together with accrued and
unpaid interest thereon as provided below.

The outstanding principal of this Note shall bear
interest at a rate per annum equal to _______ percent (_____%); provided, if
not paid when due, from and after the date due, the outstanding principal
amount of (and to the extent permitted by law, all accrued and unpaid interest
on) this Note shall bear interest at a rate per annum equal to _______ percent
(___ %).  Interest shall be computed on
the basis on the actual number of days elapsed in a 365/366 day year.

  Principal
hereunder is payable in lawful money of the United States of America to GEFAHI
at its principal place of business at ___________________, or to any other
Holder at such other place as such Holder may designate from time to time in
writing, in cash or other immediately available funds.

Any notices or other communications required or
permitted hereunder shall be given in writing and personally delivered with
receipt acknowledged or mailed, postage prepaid, via registered mail, return
receipt requested, if to GEFAHI, at the address provided above (or to such
other address as GEFAHI or another Holder may designate as provided above) and
if to the Company, at its address at _________________, with a copy to
___________________________, or any other address notified in writing by the
Company to the Holder.  Any notice given
in conformity with the foregoing shall be deemed given when personally
delivered or upon the date of delivery specified in the registered mail
receipt.

This Note shall be governed by and construed and
interpreted in accordance with the laws of the State of New York irrespective
of the choice of laws principles of the State of New York other than Section
5-1401 of the General Obligations Law of the State of New York.

If any provision of this Note is invalid or
unenforceable in any jurisdiction, the other provisions hereof shall remain in
full force and effect in such jurisdiction and the remaining provisions hereof
shall be liberally construed in favor of the Holder hereof in order to
effectuate the provisions hereof and the invalidity of any provision hereof in
any jurisdiction shall not affect the validity or enforceability of any other
provision in any other jurisdiction, including the State of New York.

 

  Neither this
Note, nor any interest herein, shall be transferable (whether by assignment or
participation) by GEFAHI or any other Holder without the prior written consent
of the Company except to a direct or indirect wholly owned subsidiary of the
General Electric Company.  This Note
shall not be assignable by the Company without the prior written consent of all
of the Holders.  Subject to the
foregoing, this Note shall be binding upon and inure to the benefit of the
Holders and the Company and their respective transferees, successors and
assigns.

Upon receipt of evidence reasonably satisfactory to
the Company of the loss, theft, destruction or mutilation of this Note, and the
Company’s receipt of an indemnity agreement of the Holder reasonably
satisfactory to the Company, the Company will, at the expense of the Holder,
execute and deliver, in lieu thereof, a new Note of like terms.

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE FINANCIAL ASSURANCE
  HOLDINGS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

 

 

 

2

Exhibit EE

 

GENERAL ELECTRIC
CAPITAL CORPORATION

 

PLAN OF
DIVESTITURE

 

FOR

 

GENWORTH
FINANCIAL, INC.

 

This Plan of Divestiture
(the “Plan”) of General Electric Capital Corporation, a Delaware corporation
(“GECC”), for the divestiture of a Controlling Interest (as defined below) and,
as soon thereafter as is reasonably practicable, at least an 80% Interest (as
defined below) in the stock of Genworth Financial, Inc., a Delaware corporation
which is now a wholly owned indirect subsidiary of GECC (“Genworth”), by means
of a series of registered underwritten public secondary offerings, or such
other means as may be necessary or appropriate, shall be effective only upon
approval of the Board of Directors of GECC (the “Board of Directors”).

 

WHEREAS, GE Financial Assurance
Holdings, Inc., a Delaware corporation which is a wholly owned indirect
subsidiary of GECC (“GEFAHI”), presently serves as the holding company for
regulated insurance subsidiaries that are engaged in the business of providing
annuities, life insurance, long term care insurance, mortgage insurance, and
other insurance and complementary products, and GECC and its subsidiaries or
affiliates hold other businesses identified as related or complementary to the
insurance businesses held directly or indirectly by GEFAHI (as defined herein
and in the Master Agreement, the “Genworth Business”);

 

 

WHEREAS, General Electric
Company, a New York corporation, GECC, GEI, Inc., a Delaware corporation,
GEFAHI, and Genworth will enter into a Master Agreement effective as of the
date specified therein;

 

WHEREAS, the Master
Agreement provides for the transfer to Genworth of the Genworth Business,
including the stock of certain subsidiaries engaged in the conduct of the
Genworth Business (the “Genworth Companies”);

 

WHEREAS, the Board of
Directors has determined that the ownership by GECC of the Genworth Business
has had undesirable effects on the financial performance of GECC, including by
utilizing capital inefficiently, negatively affecting such measures of financial
performance as return on equity, and increasing the volatility of reported
earnings;

 

WHEREAS, the Board of
Directors has determined that it would be in the best interests of GECC and its
shareholders to divest at least a Controlling Interest in the stock of Genworth
as promptly as practicable, and in any event within two years after the date of
the first divestiture implemented under this Plan (the “Commencement Date”),
and, as soon after such divestiture of a Controlling Interest as is reasonably
practicable, to divest at least an 80% Interest in the stock of Genworth, and
to redeploy the proceeds thereof in a manner consistent with the commercial and
financial objectives of GECC and its shareholders;

 

WHEREAS, representations
have been made to the Internal Revenue Service regarding this Plan, and a
private letter ruling dated October 6, 2003 (the “Private Letter Ruling”)
has been received from the Internal Revenue Service to the effect that, among
other things, the transfer of the stock of the Genworth Companies pursuant to
this

 

2

 

Plan will be treated as a
qualified stock purchase within the meaning of section 338(d)(3) of the
Code;

 

WHEREAS, the board of
directors of GEFAHI has adopted a plan of divestiture substantially similar to
this Plan of Divestiture;

 

NOW, THEREFORE, the Board
of Directors hereby adopts this Plan of Divestiture for the purpose of
divesting at least a Controlling Interest and, as soon after such divestiture
of a Controlling Interest as is reasonably practicable, at least an 80%
Interest in the stock of Genworth.

 

ARTICLE I.

 

Actions to be Taken by
Officers.

 

(a)                                  The
officers of GECC (or their designees) shall cause all of the Genworth Assets to
be transferred to Genworth pursuant to the Master Agreement in exchange for
consideration to be received by GEFAHI and the other transferors of such
Genworth Assets that will include 100% of the outstanding common stock of
Genworth (apart from any Genworth stock already owned)  and additional consideration in the form of
preferred stock, equity units, debt, and other consideration;

 

(b)                                 The
officers of GECC (or their designees) shall perform such acts, execute and
deliver such documents, and do all things which may be necessary or advisable
to effectuate the divesture of at least a Controlling Interest in the stock of
Genworth (which divestiture shall be completed within two years after the
Commencement Date), and, as soon after such divestiture of a Controlling
Interest as is reasonably practicable, the divestiture of at least an 80%
Interest in the stock of Genworth, including, but not limited to, the
following:

 

3

 

(1)                                  the
preparation and filing of a registration statement on Form S-1, with the
assistance and advice of Morgan Stanley & Co. Incorporated (“Morgan
Stanley”) and Goldman, Sachs & Co. (“Goldman Sachs”), and/or such other
underwriters as may be selected by the officers of GECC (or their designees),
for an initial registered underwritten public secondary offering of more than
20% of the outstanding Genworth stock, which filing shall be made as soon as is
reasonably practicable;

 

(2)                                  the
execution of a firm commitment underwriting agreement on customary terms and
conditions with Morgan Stanley and Goldman Sachs, and/or any other underwriters
that may be selected by the officers of GECC (or their designees), and the
performance of any other acts, and the execution and delivery of any other
documents, which may be necessary to complete such initial registered
underwritten public secondary offering as soon as is reasonably practicable;

 

(3)                                  the
execution of such transition agreements with Genworth as may be customary,
proper, or otherwise advisable in connection with this Plan, including a Tax
Matters Agreement;

 

(4)                                  consulting
on a regular and ongoing basis with Morgan Stanley, Goldman Sachs and/or any
other underwriters selected by the officers of GECC (or their designees) to
determine the feasibility of one or more subsequent registered underwritten
public offerings of the stock of Genworth; and

 

(5)                                  any
such acts, and the execution and delivery of any such documents, as may be
necessary to assure the completion of such subsequent offerings, in amounts at
least sufficient to result in the divestiture of a Controlling Interest in the
stock of Genworth as soon as is reasonably practicable, and in any event within
two years after

 

4

 

the Commencement
Date, and, as soon after such divestiture of a Controlling Interest as is
reasonably practicable, the divestiture of at least an 80% Interest in the
stock of Genworth.

 

(c)                                  In
the event it appears to the officers of GECC that it may not be feasible to
complete the divestiture of at least a Controlling Interest in the stock of
Genworth to unrelated persons on or before the second anniversary of the
Commencement Date by means of registered underwritten public offerings of such
stock, the officers of GECC are hereby authorized to pursue such other means as
they deem necessary or appropriate to complete such divestiture of at least a
Controlling Interest in the stock of Genworth to unrelated persons on or before
such date, including a privately negotiated sale of stock in Genworth, the
redemption or repurchase by Genworth of its stock from GECC or any affiliate,
the recapitalization of any remaining stock in Genworth owned by GECC or any
affiliate, the execution of a voting agreement between GECC or its affiliates,
on the one hand,  and Genworth, on the
other, with respect to any remaining stock in Genworth owned by GECC or any
affiliate, and any other means that such officers may deem necessary or
appropriate.

 

(d)                                 All
acts performed, documents executed or delivered, and other things done pursuant
to this Plan shall be consistent, and in accordance, with the facts stated and
representations made to the Internal Revenue Service in connection with the
Private Letter Ruling.  This Plan of
Divestiture shall not be read, interpreted, or construed to require or permit
any action that would be inconsistent with such facts or representations.

 

5

 

(e)                                  Further,
in construing this Plan, any and all actions or events that contribute to GECC
having met its objectives of owning less than 50% (by fair market value) of the
stock of Genworth as soon as is practicable, and in any event within two years
after the Commencement Date, and, as soon after meeting such objective as is
reasonably practicable, of owning less than 20% (by fair market value and
combined voting power) of the stock of Genworth, shall be considered part of
this Plan of Divestiture.

 

ARTICLE II.

 

Proceeds of Divestiture.

 

(a)                                  The
officers of GECC (or their designees) may apply any portion of the proceeds
from the disposition of the stock of Genworth to the payment, satisfaction and
discharge of any existing debts and obligations of GECC and its affiliates, and
to invest and reinvest or distribute the balance of such proceeds as directed
by the Board of Directors in a manner consistent with the commercial and
financial objectives of GECC and its shareholders.

 

(b)                                 The
officers of GECC (or their designees) may, if such officers (or designees) deem
it appropriate, establish a reserve to meet any contingent liabilities of GECC,
including any claims or actions to which GECC is or may be subject, and any
amount that is placed in such reserve shall be deducted from the net assets to
be applied or invested and reinvested in the manner described in paragraph (a)
until the contingent liabilities have been settled or otherwise determined and
discharged.

 

6

 

ARTICLE III.

 

State and Regulatory
Filings.

 

(a)                                  The
officers of GECC (or their designees) shall make, or cause to be made, such
filings with the Securities and Exchange Commission, the Commissioners of
Insurance for the States of Delaware, Virginia, North Carolina, Illinois,
Texas, Wisconsin, and certain other States, and the regulatory authorities for
the United Kingdom, Canada, Australia, Bermuda, and certain other foreign
jurisdictions, as may be required to register the stock of Genworth and
otherwise to effectuate registered underwritten public offerings of the stock
of Genworth.

 

(b)                                 The
officers of GECC (or their designees) shall make, or cause to be made, such
other filings and take such other actions as they may deem necessary or
advisable to carry out the purposes of this Plan of Divestiture.

 

ARTICLE IV.

 

Meaning of Terms.

 

(c)                                  The
term “Controlling Interest” shall mean more than 50% (by fair market value), as
construed for purposes of the relevant provisions of the Code.

 

(d)                                 The
term “80% Interest” shall mean more than 80% (by fair market value and combined
vote).

 

(c)                                  The
term “Code” shall mean the Internal Revenue Code of 1986, as amended.

 

(d)                                 The
term “Master Agreement” shall mean the agreement described in the second
Recital of this Plan of Divestiture.

 

7

 

(e)                                  All
other capitalized terms shall have the meanings ascribed to them by the Master
Agreement.

 

8

 

Exhibit FF

 

FACL
Reinsurance Agreement

 

Separately provided as Exhibit 10.23 to
Registration Statement No. 333-112009.

 

 

Exhibit GG

 

Form
of FACL Fall-back Stock Transfer Agreement

 

Separately provided as Exhibit 10.42 to
Registration Statement No. 333-112009.

 

 

Exhibit HH

 

FICL
Reinsurance Agreement

 

Separately provided as Exhibit 10.22 to
Registration Statement No. 333-112009.

 

 

Exhibit II

 

Form
of International Tax Matters Agreements

 

Also separately provided as Exhibit 10.47,
Exhibit 10.57 and Exhibit 10.58 to Registration Statement No. 333-112009.

 

 

Exhibit II

 

This Taxation Management (Stub Period Payments) Agreement

 

is made
on [insert
between the following parties:

 

1                                        GE Capital Finance Australasia Pty Limited
ACN 070 396 020  

of 572 Swan 
Street Melbourne  VIC 3121

(GECFA)

 

2                 GE
Mortgage Insurance Company Pty Limited
ABN 60106974305

of 259 George Street Sydney NSW 2000

(NEW GEMICO)

 

3                 Genworth
Financial, Inc, a
company incorporated in the State of Delaware, United States of America, and
having its principal place of business at 6620 West Broad Street, Richmond,
Virginia 23230

 

4                 General
Electric Capital Corporation a company incorporated in the State of Delaware, United States of
America, and having its principal place of business at 260 Long Ridge Road,
Stamford, CT, 06927

 

Recitals

 

(A)                             The Board of Directors of GE Company has
determined that it is in the best interest of its subsidiaries and shareholders
to divest the Genworth Group into a separate business and to divest a portion
of its interests in the Genworth Group through a public share offering.

 

(B)                                Pursuant to a Master Agreement dated [•], [•] 2004 between, inter alia, GE
Company, GECC and Genworth (the “Master Agreement”), Genworth has agreed to
acquire the outstanding shares of stock of certain subsidiaries of GE (the “Acquisition”) and will thereby become the
parent entity of the Genworth Companies.

 

(C)                               Pursuant to the US Tax Management Agreement
dated [•], [•] 2004 between, inter alia, GE and Genworth,
(the “US TMA”), GE and Genworth
have entered into an arrangement governing the US Tax liabilities and affairs
of the subsidiaries acquired under the Acquisition.

 

(D)                               Pursuant to the Global Transition Services
Agreement dated [•], [•]
2004 between, inter alia, GE Company and Genworth, GE Company and its
subsidiaries will provide or cause to be provided certain administrative and
support services and other assistance to Genworth and its subsidiaries on a
transitional basis and Genworth and its subsidiaries will provide or cause to
be provided certain administrative and support services and other assistance to
GE and its subsidiaries (the “Global TSA”).(E) The GE Aust Companies and NEW
GEMICO entered into the Business Transfer Arrangements on 23 February 2004 to
effect a transfer of the Business conducted by the GE Aust Companies to NEW
GEMICO, which was completed on 31 March 2004.

 

(F)                                The purpose of this Agreement is to record
the parties’ agreement with regard to the Tax liabilities and affairs of the GE
Aust Companies and Genworth Companies.

 

1

 

The parties agree

 

in
consideration of, among other things, the mutual promises contained in this
agreement:

 

1                                        Definitions and Interpretation

 

1.1                               Definitions

 

Act means Corporations Act 2001 (Cth).

 

Business means the
lenders mortgage insurance business of GEMI and GEMICO which has been  transferred to NEW GEMICO pursuant to the
Business Transfer Arrangements and the business of GEMICO HOLDINGS.

 

Business Day
means a day on which trading banks are open for business in Sydney other than a
Saturday or Sunday;

 

Business Transfer
Arrangements means the:

 

(a)                                  GEMI
Business Transfer Agreement dated 23 February 2004 between GEMI and NEW GEMICO
for the transfer of certain assets from GEMI to NEW GEMICO;

 

(b)                                 GEMICO
Business Transfer Agreement dated 23 February 2004 between GEMICO and NEW
GEMICO for the transfer of certain assets from GEMICO to NEW GEMICO; and

 

(c)                                  the
Schemes,

 

which took  effect on the
Transfer Date.

 

Consolidated Tax
Group has the meaning set out in the Income Tax
Assessment Act.

 

GE Company means General Electric Company, a company
incorporated in the United States of  America
and having its principal place of business at 3135 Easton Turnpike Fairfield,
CT 06828

 

GEMICO means
GE Capital Mortgage Insurance Corporation (Australia) Pty Limited ABN 52 081
488 440.

 

GE Group means
GE Company and its subsidiaries (other than Genworth and its subsidiaries).

 

GE Group Company
means any company in the GE Group.

 

GE Aust Companies
means GEMI, GEMICO and GEMICO HOLDINGS and GE Aust Company means any one of them.

 

GEMI means
GE Mortgage Insurance Pty Limited ABN 61 071 466 334.

 

GEMICO HOLDINGS means
GEMICO Holdings ABN 95 099 020 694.

 

Genworth Companies
means:

 

(a)                                  NEW
GEMICO Holdings; and

 

(b)                                 NEW
GEMICO;

 

and Genworth Company means either one of them.

 

2

 

Genworth Group means Genworth and its
subsidiaries

 

Group Liability has the meaning defined in section 721-10 of the Income Tax
Assessment Act.

 

Head Company has the meaning set out in the Income Tax Assessment Act.

 

Income Tax Assessment Act means the Income Tax Assessment Act 1997 (Cth).

 

Initial Public Offering  or IPO has the meaning specified in section 1.1 of the Master
Agreement.

 

Losses means all
losses, liabilities, costs (including without limitation reasonable legal
costs), charges, expenses, actions, proceedings, claims and damages.

 

Net Tax Contribution Amount has the meaning set out in clause 2.1(a).

 

NEW GEMICO HOLDINGS means GE Mortgage Insurance Holdings Pty Limited ABN 89 106 972 874.

 

Net Tax Loss Amount
has the meaning set out in clause 2.2(a).

 

Public Authority
includes:

 

(a)                                  any
government in any jurisdiction, whether federal, state, territorial or local;

 

(b)                                 any
minister, department, office, commission, delegate, instrumentality, agency,
board, authority or organisation of any government or in which any government
is interested;

 

(c)                                  any
non-government regulatory authority;

 

(d)                                 any
provider of public utility services, whether or not government owned or
controlled;

 

(e)                                  any
regulatory organisation established under statute or any stock exchange; and

 

(f)                                    judicial
body or administrative body.

 

Relevant Tax Matters means:

 

(a)                                  the
preparation and filing of all Tax returns, forms or statements;

 

(b)                                 any
dealings with or making of any Tax assessments;

 

(c)                                  any
audit or other administrative or judicial proceedings regarding any Taxes
payable; and

 

(d)                                 any
other matter that may result in any Tax liability,

 

in relation to
the GE Aust Companies or the Genworth Companies in so far as such things relate
to matters where Genworth or the Genworth Companies have agreed to indemnify or
pay an amount under this agreement.

 

Schemes means:

 

(a)                                  a
scheme pursuant to Part III Division 3A of the Insurance Act 1973 (Cth) for the
transfer of the lenders mortgage insurance business of GEMI to NEW GEMICO; and

 

3

 

(b)                                 a
scheme pursuant to Part III Division 3A of the Insurance Act 1973 (Cth) for the
transfer of the lenders mortgage insurance business of GEMICO to NEW GEMICO.

 

Stub Period means
the period from 1 January 2004 to the date of issue of shares by Genworth as
part of the Initial Public Offering.

 

Supplemental Payment Deed means the
agreement of the same name dated 31 March 2004 between NEW GEMICO HOLDINGS,
GECC, GEMICO and GEFA International Holdings, Inc. a corporation organised
under the laws of Delaware, providing for an additional payment from NEW GEMICO
HOLDINGS to GEMICO in respect of the transfer of the Business.

 

Tax  includes
any tax, levy, impost, deduction, charge, rate, duty, compulsory loan or
withholding which is levied or imposed by a Public Authority, and any related
interest, penalty, charge, fee or other amount.

 

Tax Expert means a
Sydney barrister who specialises in tax law:

 

(a)                                  as
agreed between the parties; or

 

(b)                                 failing
such agreement, upon application of either the Recipient or the Payer, as
nominated by the President for the time being of The NSW Bar Association.

 

Tax Contribution Amount in relation to a Genworth Company means the amount which would have
been that Genworth Company’s amount of income tax for the Stub Period on the
basis of the following assumptions:

 

(a)                                  that
the Genworth Company were a stand alone company and not part of the
Consolidated Tax Group of which GECFA is the Head Company; and

 

(b)                                 the
Stub Period were an income year.

 

Tax Loss Amount in
relation to a Genworth Company means an amount equal to the applicable
corporate tax rate multiplied by the notional tax loss for that company for the
Stub Period calculated on the basis of the following assumptions:

 

(a)                                  that
the Genworth Company were a stand alone company and not part of the
Consolidated Tax Group of which GECFA is the Head Company; and

 

(b)                                 the
Stub Period were an income year.

 

Tax Matters Agreement means the agreement dated [insert date] between GE Company, GECC, GEI, Inc. (a
Delaware Corporation), GE Financial Assurance Holdings, Inc. (a Delaware
Corporation) and Genworth.

 

Taxation Matters Agreement means the agreement of the same
name dated  [insert date] between GECC and Genworth.

 

Transfer Date means
the “Transfer Date” as defined in the Schemes, being 31 March 2004.

 

1.2                               Interpretation

 

Headings are
for convenience only and do not affect interpretation. The following rules of
interpretation apply unless the context requires otherwise.

 

(a)                                 The singular includes the plural and conversely.

 

(b)                                A gender includes all genders.

 

4

 

(c)                                 Where a word or phrase is defined, its other grammatical forms have
a corresponding meaning.

 

(d)                                A reference to a person includes a body corporate, an unincorporated
body or other entity and conversely.

 

(e)                                 A reference to a clause or schedule is to a clause of or schedule to
this agreement.

 

(f)                                   A reference to any party to this agreement or any other agreement or
document includes the party’s successors and permitted assigns.

 

(g)                                A reference to any agreement, deed or document is to that agreement,
deed or document as amended, novated, supplemented, varied or replaced from
time to time, except to the extent prohibited by this agreement.

 

(h)                                A reference to any legislation or to any provision of any
legislation includes any modification or re-enactment of it, any legislative
provision substituted for it and all regulations and statutory instruments
issued under it.

 

(i)                                    A reference to dollars or $ is to Australian currency.

 

(j)                                    Each schedule to this agreement forms part of the agreement.

 

(k)                                 A reference to conduct includes any omission and any statement or
undertaking, whether or not in writing.

 

(l)                                    A reference to writing includes a facsimile transmission and any
means of reproducing words in a tangible and permanently visible form.

 

(m)                              Mentioning anything after include, includes or including does not
limit what else might be included.

 

(n)                                A reference to a right or obligation of any two or more persons
confers that right, or imposes that obligation, as the case may be, jointly and
severally.

 

(o)                                No provision of this agreement will be construed adversely to a
party on the ground that the party was responsible for the preparation of this
agreement or that provision.

 

1.3                               Business Days

 

Where the day
on or by which anything has to be done under this agreement is not a Business
Day, that thing must be done on or by the preceding Business Day.

 

2                                        Stub Period Payments

 

2.1                               Tax Contribution Amount

 

(a)                                 Immediately prior to the IPO, NEW GEMICO becomes liable to pay to
GECFA, and GECFA becomes entitled to receive from NEW GEMICO the excess, if
any, of the combined Tax Contribution Amounts for the Genworth Companies over
the combined Tax Loss Amounts for the Genworth Companies (the “Net Tax
Contribution Amount”).

 

(b)                                Where GECFA:

 

(1)                                 receives a refund of Tax; or

 

5

 

(2)                                 pays a reduced amount of Tax as a result of the application of a
benefit or credit arising from an earlier payment of Tax,

 

and the Tax giving rise to the refund, benefit or credit is Tax in
respect of which NEW GEMICO has paid a Net Tax Contribution Amount to GECFA,
GECFA must repay to NEW GEMICO, to the extent of the refund or reduced amount
of Tax, the amount paid by NEW GEMICO under this clause 2.1 within 30 days of
receipt of the refund or reduced payment.

 

(c)                                 NEW GEMICO must pay any increases in the Net Tax Contribution Amount
above any Net Tax Contribution Amount previously paid by it under clause 2.1.

 

2.2                               Tax Loss Amount

 

(a)                                 Immediately prior to the IPO, GECC becomes liable to pay to Genworth
, and Genworth becomes entitled to receive from GECC, any excess, if any, of
the combined Tax Loss Amounts of the Genworth Companies over the combined Tax
Contribution Amounts of the Genworth Companies (the “Net Tax Loss Amount”).

 

(b)                                Genworth must refund to GECC any reduction in the Net Tax Loss
Amount below any Net Tax Loss Amount previously paid by GECC as contemplated by
clause 2.2(a) and clause 2.4(c).

 

(c)                                 GECC must pay to Genworth any increases in the Net Tax Loss Amount
above any Net Tax Loss Amount previously paid by GECC as contemplated by clause
2.2(a) and clause 2.4(c).

 

2.3                               Notice

 

As
soon as it is reasonably able to do so (and in any event prior to it paying Tax
as contemplated by clause 2.4(a)) ), GECFA must provide NEW GEMICO with a
notice specifying the Net Tax Contribution Amount or Net Tax Loss Amount
(whichever is applicable), accompanied by explanatory material which specifies
the basis of calculation of that Net Tax Contribution Amount or Net Tax Loss
Amount.

 

2.4                               Payment

 

(a)                                 The payment of:

 

(1)                                 the Net Tax Contribution Amount arising under clause 2.1(a); or

 

(2)                                 the Net Tax Loss Amount arising under clause 2.2(a),

 

must be made no later than the time when GECFA pays Tax payable on the
tax return for that income year.

 

(b)                                Any payments required to be made pursuant clause 2.1 shall be made
by and between NEW GEMICO and GECFA.

 

(c)                                 Any payments required to be made pursuant clause 2.2 shall be made
by and between Genworth and GECC.

 

6

 

2.5                               Limitations on Liability

 

A party will
not be liable for any Tax, Loss or other amount under or relating to this
agreement to the extent that the Loss arose or was incurred as a result of
breach of any obligation under this agreement or the Master Agreement.

 

2.6                               Taxation Effect

 

If a payment
that is required to be made by one party (the “Payer”) to any other (the “Recipient”)
under this agreement is liable to Tax in the hands of the Recipient, or in
appropriate cases an affiliate of the Recipient, the amount payable shall be
increased by such amount as will leave the Recipient and the relevant affiliate
in the same net after tax position as it would have been in had the payment not
been so liable to Tax.

 

3                                        Control of Tax Matters

 

3.1                               Control
by GE Group

 

(a)                                 The GE Group has sole control over:

 

(1)                                 the preparation and filing of all Tax returns, forms or statements;

 

(2)                                 any dealings with Tax assessments;

 

(3)                                 any audit or other administrative or judicial proceedings regarding
any Taxes payable; and

 

(4)                                 any other matter that may result in any Tax liability,

 

in relation to the GE Aust Companies (including any Relevant Tax
Matter).

 

(b)                                Without limiting clause 3.1(a), GECFA  must keep NEW GEMICO 
fully informed, must consult with and must permit NEW GEMICO  to participate in any Relevant Tax Matter.

 

(c)                                 In respect of a Relevant Tax Matter, GECFA must procure that each GE
Group Company must not file any Tax returns or settle any proceedings or other
matters which may result in any Tax liability in a manner that would materially
adversely affect Genworth or the Genworth Companies without the consent of NEW
GEMICO , which consent may not be unreasonably withheld.

 

(d)                                If a GE Group Company unreasonably fails to accept any proposal by
NEW GEMICO  or a Genworth Company in
relation to a Relevant Tax Matter, then any relevant amount payable by NEW
GEMICO  or a Genworth Company pursuant
to this agreement will be determined as if such proposal had been accepted.

 

(e)                                 If a GE Group Company otherwise acts unreasonably (or unreasonably
fails to act) in dealing with any Relevant Tax Matter, then any relevant amount
payable by NEW GEMICO or a Genworth Company pursuant to this agreement will be
reduced to the extent that the unreasonable act (or failure to act) of that GE
Group Company has increased the amount the subject of the payment.

 

7

 

3.2                               Control by Genworth

 

Except as
provided in section 3.1, NEW GEMICO will have exclusive right to control:

 

(a)                                 the preparation and filing of all Tax returns, forms or statements;

 

(b)                                any dealings with Tax assessments;

 

(c)                                 any audit or other administrative or judicial proceedings regarding
any Taxes payable; and

 

(d)                                any other matter that may result in any Tax liability,

 

of the
Genworth Companies.

 

4                                        Disputes

 

(a)                                 If a dispute arises between the parties with respect to this
agreement and the parties are unable to reach an agreement on the matter in
dispute, then any party to the dispute may refer the dispute to the Tax Expert
for determination.

 

(b)                                The Tax Expert shall be deemed to act as an expert and not as an
arbitrator.

 

(c)                                 The Tax Expert shall have the right to call for information from any
party relevant to any determination it may be required to make.

 

(d)                                Each of the parties shall be entitled to submit written
representations to the Tax Expert in connection with the matter or matters in
dispute.

 

(e)                                 The parties shall provide to the Tax Expert all such information and
documentation as it may reasonably require.

 

(f)                                   The decision of the Tax Expert is, in the absence of manifest error,
to be conclusive and binding on the parties for the purposes of determining the
dispute and the time for any payment.

 

(g)                                The costs and expenses in connection with the reference will be
borne by the parties in a manner determined by the Tax Expert (and either party
may request that determination) and in the absence of such a determination will
be borne by the parties to the dispute equally.

 

5                                        GST

 

(a)                                 Any reference in this clause or
otherwise in this agreement to a term defined or used in A New Tax System (Goods and Services Tax) Act 1999
is, unless the context indicates otherwise, a reference to that term as defined
or used in that Act.

 

(b)                                Any amount referred to in this
agreement which is relevant in determining a payment to be made by one of the
parties to the other is exclusive of any GST unless indicated otherwise.

 

(c)                                 If GST is payable on a supply
made under or in connection with this agreement then the consideration provided
for that supply is increased by

 

8

 

the rate at which that GST is imposed. The additional consideration is
payable at the same time as the consideration to which it relates.

 

(d)                                The supplier must issue a tax
invoice to the recipient of the supply at the time of payment of the GST
inclusive consideration or at such other time as the parties agree.

 

(e)                                 If one of the parties to this
agreement is entitled to be reimbursed for an expense or outgoing incurred in
connection with the agreement, then the amount of the reimbursement will be net
of any input tax credit which may be claimed by the party (or its
representative member) being reimbursed in relation to that expense or
outgoing.

 

6                                        Interest

 

In the event
that any payment required to be made under this agreement is made after the
date on which such payment is due, interest will accrue on the amount of such
payment from (but not including) the due date of such payment (and including)
the date such payment is actually made at the rate determined under section 12
of the Tax Matters Agreement, compounded on a daily basis.

 

7                                        General

 

7.1                               Notices

 

(a)                                 Any notice or other communication including any request, demand,
consent or approval, to or by a party to this agreement:

 

(1)                                 must be in legible writing and in English addressed as shown below:

 

(A)                             if to GECFA

Address: 572 Swan  Street, Sydney, NSW, 2000

Attention:               Chris
Vanderkley

Facsimile:                (03)
9921 6177;

 

(B)                               if to NEW GEMICO

Address: Level 23, 259 George
Street, Sydney, NSW, 2000

Attention:               Brad Dean

Facsimile:                (02)
9247 6733 ,

 

(C)                               if to Genworth

Address: 6620 West Broad Street, Richmond, Virginia 23230

Attention:               Michael
Schlessinger

Facsimile:                (804)
662 7900  ,

 

(D)                              if to GECC

 

9

 

Address: 260 Long Ridge Road, Stamford, CT, 06927

Attention:               Richard
D’Avino

Facsimile:                                               (203) 967 5084 or as specified to the sender by any party by notice;

 

(2)                                 must be signed by the sender (if a natural person) or an officer or
under the common seal of the sender (if a corporation);

 

(3)                                 is regarded as being given by the sender and received by the
addressee:

 

(A)                             if by delivery in person, when delivered to the addressee;

 

(B)                               if by post, 3 Business Days from and including the date of postage;
or

 

(C)                               if by facsimile transmission, whether or not legibly received, when
transmitted to  the addressee,

 

but if the delivery or receipt is on a day which is not a Business Day
or is after 4.00pm (addressee’s time) it is regarded as received at 9.00am on
the following Business Day; and

 

(4)                                 can be relied upon by the addressee and the addressee is not liable
to any other person for any consequences of that reliance if the addressee
believes it to be genuine, correct and authorised by the sender.

 

(b)                                A facsimile transmission is regarded as legible unless the addressee
telephones the sender within 2 hours after transmission is received or
regarded as received under clause 8.1(a)(3) and informs the sender that it
is not legible.

 

(c)                                 In this clause 8.1, a reference to an addressee includes a
reference to an addressee’s Officers, agents or employees.

 

7.2                               Waiver

 

(a)                                 A party waives a right under this agreement only if it does so in
writing.

 

(b)                                A party does not waive a right simply because it:

 

(1)                                 fails to exercise the right;

 

(2)                                 delays exercising the right; or

 

(3)                                 only exercises part of the right.

 

(c)                                 A waiver of one breach of a term of this agreement does not operate
as a waiver of another breach of the same term or any other term.

 

7.3                               Whole agreement

 

This agreement
replaces any previous agreement, representation, warranty or understanding
between the parties concerning the subject matter and embodies the entire
agreement between the parties.

 

10

 

7.4                               Variation

 

A variation of
any term of this agreement must be in writing and signed by the parties.

 

7.5                               Further action

 

Each party
must promptly sign any document or do anything else that is necessary to give
full effect to this agreement.

 

7.6                               Enforceability

 

If all or any
part of a provision of this agreement is invalid or unenforceable, it may be
severed to the extent of the invalidity or unenforceability, without affecting
the validity or enforceability of the balance of that provision or any other
provision which remains after severance.

 

7.7                               Counterparts

 

This agreement
may be executed in any number of counterparts and all counterparts, taken
together, constitute one instrument.

 

7.8                               Governing Law

 

This agreement
is governed by the laws of New South Wales.

 

11

 

	
  Executed as an agreement:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signed by

  	
   

  
	
  GE Capital Finance Australasia Pty
  Limited

  	
   

  
	
  by:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Secretary/Director

  	
   

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name (please print)

  	
   

  	
  Name (please print)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signed by

  	
   

  	
   

  	
   

  
	
  GE Mortgage Insurance Company Pty
  Limited

  	
   

  	
   

  	
   

  
	
  by:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Secretary/Director

  	
   

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name (please print)

  	
   

  	
  Name (please print)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signed by

  	
   

  	
   

  	
   

  
	
  Genworth Financial, Inc.

  	
   

  	
   

  	
   

  
	
  by:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Authorised Representative

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name (please print)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signed by

  	
   

  	
   

  	
   

  
	
  General Electric Capital
  Corporation

  	
   

  	
   

  	
   

  
	
  by:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Authorised Representative

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name (please print)

  	
   

  	
   

  	
   

  

 

12

 

 

 

 

Exhibit JJ

 

Form
of French Reinsurance Agreement

 

Separately provided as Exhibit 10.24 to
Registration Statement No. 333-112009.

 

 

Exhibit KK

 

Joint
Management Committee

 

Section 6.17
(i) Joint Management Committee  

 

1.               Make Up and Meeting
Frequency;

 

2.               Establishment of
Administrative Standards;

 

3.               Interpretation and
Implementation of Reinsurance Agreements and the Business Services Agreement;

 

4.               Determination of
Non-Guaranteed Elements;

 

5.               Coordination and
Budget Forecast; and

 

6.               Procedure for
review of compliance with applicable laws and regulations.

 

 

Exhibit LL

 

Form
of Amended and Restated Certificate of Incorporation

 

Separately provided as Exhibit 3.1 to
Registration Statement No. 333-112009.

 

 

Exhibit MM

 

Form
of Amended and Restated Bylaws

 

Separately provided as Exhibit 3.2 to
Registration Statement No. 333-112009.

 

Exhibit
NN

 

STOCK
PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT (this “Agreement”), dated as of May    , 2004,
is by and between GELCO CORPORATION, a Delaware corporation (the “Seller”),
and GE FINANCIAL ASSURANCE HOLDINGS, INC., a Delaware corporation (the “Buyer”).

 

WHEREAS, the Seller
currently owns 370,000 shares of common stock, par value $1.00 per share (the “Viking
Stock”), of Viking Insurance Company, Ltd., a Bermuda corporation (the “Company”),
which shares represent 100% of the issued and outstanding shares of the
Company; and

 

WHEREAS, Buyer and Seller
have determined that it is mutually desirable for Buyer to acquire from Seller
the Viking Stock, upon the terms and subject to the conditions set forth
herein.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements herein
contained, and intending to be legally bound hereby, the parties hereto hereby
agree as follows.

 

ARTICLE I

 

THE TRANSACTION

 

Section 1.1        Viking Stock.  Simultaneously with the execution and delivery
of this Agreement, Seller shall transfer, assign and deliver to Buyer all of
its right, title and interest in the Viking Stock, and Buyer shall acquire at
the Closing (as hereinafter defined) the Viking Stock, free and clear of all
liens, claims, options, proxies, voting agreements, security interests, charges
and encumbrances.  In consideration for
such transfer, assignment and delivery, Buyer shall pay to Seller at the
Closing $209,314,209.00
(the “Purchase Price”).  The
foregoing transactions are collectively referred to in this Agreement as the “Transaction.”

 

 

ARTICLE II

 

THE CLOSING

 

Section 2.1        Time.  The closing (the “Closing”) of the
Transaction shall take place simultaneously with the execution and delivery of
this Agreement.

 

Section 2.2        Deliveries.  At the Closing, (a) Seller shall
deliver to Buyer any stock certificates representing the Viking Stock, duly
endorsed in blank or accompanied by duly executed assignment documents
satisfactory to Buyer or if any such certificates cannot be found, a duly
executed indemnity for lost certificates in the form attached as Exhibit A, and
(b) Buyer shall deliver to Seller the Purchase Price in accordance with
Section 1.1 above.

 

ARTICLE III

 

REPRESENTATIONS
AND WARRANTIES OF SELLER

 

Seller represents and
warrants to Buyer as follows.

 

Section 3.1        Organization.  Seller is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware.

 

Section 3.2        Corporate Power;
Authorization.  Seller has all
necessary corporate power and authority to execute and deliver this Agreement
and perform its obligations hereunder. 
The execution and delivery by Seller of this Agreement and the
performance by Seller of its obligations hereunder have been duly and validly
authorized by all necessary corporate action of Seller, and no other corporate
proceedings on the part of Seller are necessary to authorize the execution,
delivery or performance of this Agreement.

 

Section 3.3        Binding Agreement.  This Agreement has been duly and validly
executed and delivered by Seller and constitutes the valid and binding
agreement of Seller, enforceable against Seller in accordance with its terms.

 

Section 3.4        Non-Contravention.  Each of the execution and delivery by Seller
of this Agreement does not, and the performance by Seller of its obligations
hereunder will not, (a) contravene or conflict with the certificate of
incorporation or by-laws of Seller or (b) to the best of Seller’s
knowledge, contravene or conflict with or constitute a violation of or default
under or give rise to a right of termination, cancellation or acceleration of
any right or obligation of Seller under any provision of applicable law or
regulation of the United States or any state thereof or of any agreement,
contract, judgment, injunction, order, decree or other

 

2

 

instrument binding upon
Seller, which contravention, conflict, violation, default or right of
termination, cancellation or acceleration would reasonably be expected to
result, in the case of this clause (b), in a material adverse effect on
the business, assets, results of operations or financial condition of Seller.

 

Section 3.5        Title to Viking Stock.  Seller has good and marketable title to the
Viking Stock, free and clear of all liens, claims, options, proxies, voting
agreements, security interests, charges and encumbrances, and has complete and
unrestricted power to transfer, assign and deliver the Viking Stock to
Buyer.  The Viking Stock is validly
issued, fully paid and nonassessable. Upon transfer of the Viking Stock to
Buyer as provided herein, Buyer will acquire good and marketable title to the
Viking Stock, free and clear of all liens, claims, options, proxies, voting
agreements, security interests, charges and encumbrances.

 

ARTICLE IV

 

REPRESENTATIONS
AND WARRANTIES OF BUYER

 

Buyer hereby represents
and warrants to Seller as follows.

 

Section 4.1        Organization.  Buyer is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware.

 

Section 4.2        Corporate Power;
Authorization.  Buyer has all
necessary corporate power and authority to execute and deliver this Agreement
and to perform its obligations hereunder. 
The execution and delivery by Buyer of this Agreement and the
performance by Buyer of its obligations hereunder have been duly and validly
authorized by all necessary corporate action of Buyer and no other corporate
proceedings on the part of Buyer are necessary to authorize the execution,
delivery or performance of this Agreement

 

Section 4.3        Binding Agreement.  This Agreement has been duly and validly
executed and delivered by Buyer and constitutes the valid and binding agreement
of Buyer, enforceable against Buyer in accordance with its terms.

 

Section 4.4        Non-Contravention.  The execution and delivery by Buyer of this
Agreement does not, and the performance by Buyer of its obligations hereunder
will not, (a) contravene or conflict with the certificate of incorporation
or by-laws of Buyer or (b) contravene or conflict with or constitute a
violation of or default under or give rise to a right of termination,
cancellation or acceleration of any right or obligation of Buyer under any
provision of applicable law or regulation of the United States or any state thereof
or of any agreement, contract, judgment, injunction, order, decree or other
instrument binding upon

 

3

 

Buyer, which
contravention, conflict, violation, default or right of termination,
cancellation or acceleration would result, in the case of this clause (b),
in a material adverse effect on the business, assets, results of operations or
financial condition of Buyer.

 

Section 4.5        Purchase for Own
Account.  The Viking Stock will be
acquired for investment for Buyer’s own account and/or the account of its
direct and indirect subsidiaries, not as a nominee or agent for any other
party, and not with a view to the resale or distribution of any part
thereof.  Buyer does not presently have
any contract, undertaking, agreement or arrangement with any person to sell,
transfer or grant participations to such person or to any third person, with
respect to any of the Viking Stock, except that Buyer intends to transfer the
Viking Stock to one or more of its direct or indirect subsidiaries.

 

ARTICLE V

 

MISCELLANEOUS

 

Section 5.1        Entire Agreement.  This Agreement constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof
and supersedes all other prior agreements and understandings, both written and
oral, among the parties with respect to the subject matter hereof.

 

Section 5.2        Expenses.  All costs and expenses incurred by any party
to this Agreement or its affiliates or any director, officer or employee of any
of the foregoing in connection with the negotiation, execution and delivery of
the documentation relating to the transactions contemplated by this Agreement
shall be paid by the party incurring such costs or expenses.

 

Section 5.3        Assignment.  This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their successors by operation of
law, but may not otherwise be assigned by any party hereto without the prior
written consent of the other party hereto.

 

Section 5.4        Validity.  If any provision of this Agreement, or the
application thereof to any person or circumstance, is held invalid or
unenforceable, the remainder of this Agreement, and the application of such
provision to other persons or circumstances shall not be affected thereby, and
to such end, the provisions of this Agreement are agreed to be severable.

 

4

 

Section 5.5        Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to the principles of conflicts of law thereof.

 

Section 5.6        Descriptive Headings.  The descriptive headings herein are inserted
for convenience of reference only and are not intended to be part of or to
affect the meaning or interpretation of this Agreement.

 

Section 5.7        No Third Party
Beneficiaries.  This Agreement shall
be binding upon and inure solely to the benefit of each party hereto and its
successor and permitted assigns, and nothing in this Agreement, express or
implied, is intended to or shall confer upon any other person any rights,
benefits or remedies of any nature whatsoever under or by reason of this
Agreement.

 

Section 5.8        Counterparts.  This Agreement may be executed in two or
more counterparts, each of which shall be deemed to be an original, but all of
which shall constitute one and the same agreement.

 

[Signatures on Next Page]

 

5

 

IN WITNESS WHEREOF, each
of the parties has caused this Agreement to be executed on its behalf by its representatives
thereunto duly authorized, all as of the day and year first above written.

 

 

	
   

  	
  GELCO
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GE FINANCIAL
  ASSURANCE HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  

 

6

 

Exhibit A

 

INDEMNITY FOR LOST SHARE CERTIFICATE

 

To the Directors of Viking
Insurance Company, Ltd.  (the “Company”)

 

The original certificate of title relating to the shares of the Company
described below has been mislaid, lost, stolen or destroyed.

 

Neither the shares nor certificate of title thereto have been
transferred, charged, lent or deposited or dealt with in any manner affecting
the absolute title thereto and the person named in the said certificate is the
person entitled to be on the register in respect of such shares.

 

We undertake to deliver to the Company for cancellation the said
original certificate, duly indorsed, should the same ever be recovered.

 

We will at all times indemnify and save harmless the Company from and
against any and all claims, actions and suits whether groundless or otherwise,
and from and against any and all liabilities, losses, damages, costs, charges,
counsel fees and other expenses of every nature and character by reason of the
mislaid, lost, stolen or destroyed certificate or the issuance of a new instrument
in lieu of it.

 

PARTICULARS OF CERTIFICATE:

 

	
  Certificate Number

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  32

  	
   

  	
  for 120,000 Common Shares

  

 

[Signature on Next Page]

 

7

 

	
  GELCO CORPORATION

  
	
   

  
	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
  Date:  May     , 2004

  
				

 

8

Exhibit OO

 

TAX ALLOCATION
AGREEMENT

 

This Tax
Allocation Agreement (this “Agreement”) is among General Electric Capital
Assurance Company, a Delaware insurance company (“Parent”), GE Life and Annuity
Assurance Company, a Virginia insurance company (“GELAAC”), Professional
Insurance Company, a Texas insurance company (“PIC”), GE Capital Life Assurance
Company of New York, a New York insurance company (“GECLA”), Federal Home Life
Insurance Company, a Virginia  insurance
company (“FHL”), First Colony Life Insurance Company, a Virginia insurance
company (“FCL”), American Mayflower Life Insurance Company of New York, a New
York insurance company (“AML”), Jamestown Life Insurance Company, a Virginia
insurance company (“JTL”), River Lake Insurance Company, a South Carolina
insurance company (“RL”), and Genworth Financial, Inc. (“Genworth”), the
ultimate holding company.

 

WHEREAS,
Parent, GELAAC, PIC, GECLA, FHL, FCL, AML, JTL and RL are members of an affiliated
group of corporations within the meaning of Section 1504 of the Internal
Revenue Code of 1986, as amended (the “Code”), and are eligible to file
consolidated federal income tax returns (the “Affiliated Group”);

 

WHEREAS,
Parent, GELAAC, PIC, GECLA, FHL, FCL, AML, JTL and RL (the “Participating
Companies” with each Participating Company other than Parent being a
“Subsidiary Member”) have determined that it is in their best interests to
elect to file consolidated federal income tax returns and to enter into this
Agreement for purposes of allocating the consolidated federal income tax
liability between the Participating Companies; and

 

WHEREAS, GECLA
and AML are incorporated in the State of New York (collectively, the “New York
Companies,” or separately, a “New York Company”), and therefore are subject to
the Guidelines for Tax Allocation Agreements contained in the New York
Insurance Department Circular Letter 1979-33;

 

NOW,
THEREFORE, in consideration of the premises and of the mutual promises set
forth herein, and intending to be legally bound hereby, the parties agree as
follows:

 

1.             ALLOCATION METHOD.

 

(A)          Allocation of Consolidated Tax
Liability.  The Participating
Companies shall allocate the consolidated federal income tax liability of the
Affiliated Group (the “Consolidated Tax Liability”) to each Participating
Company by multiplying the Consolidated Tax Liability times a fraction, the
numerator of which is the federal income tax liability of the Participating
Company computed as if the Participating Company filed separate federal income
tax returns (“Separate Tax Liability”) and the denominator of which is the sum
of the Separate Tax Liabilities of the Participating Companies.  The amount of the Consolidated Tax Liability
allocated to each Participating Company shall not exceed the Separate Tax
Liability of such Participating Company; provided, however, that for

 

 

purposes of
computing the Separate Tax Liability of a Participating Company, any income,
deduction, or loss recognized by such Participating Company in an intercompany
transaction with another Participating Company shall be taken into account as
provided in Treasury Regulation §§ 1.1502-13 and 1.1502-13T.

 

(B)           Use of Tax
Attributes.

 

(i)  Generally.  In the event that the amount of the Consolidated
Tax Liability allocated to a Participating Company is less than the Separate
Tax Liability of such Participating Company (the “Benefited Company”) and
another Participating Company has foreign tax credits, investment tax credits,
losses, loss carryovers, or other tax attributes (“Losses”; the Participating
Company which has such Losses, the “Loss Company”), then (i) if Parent is the
Benefited Company, Parent shall pay to the Loss Company, (ii) if Parent is the
Loss Company, the Benefited Company shall pay to Parent, and (iii) if Parent is
neither the Benefited Company or the Loss company, the Benefited Company shall
pay to Parent and Parent shall pay to the Loss Company an amount equal to the
excess of the Benefited Company’s Separate Tax Liability over its allocation of
Consolidated Tax Liability (“Tax Benefit”) to the extent such Tax Benefit is
attributable to Losses of the Loss Company actually used to reduce Consolidated
Tax Liability taking into account the principles of Treasury Regulation §§ 1.1502-2,
1.1502-3, 1.1502-4, 1.1502-11, 1.1502-21, and 1.1502-21T.  Any of the Loss Company’s Losses which are
not used to reduce Consolidated Tax Liability and for which it has not been
paid shall be retained by the Loss Company for possible future use in computing
its Separate Tax Liability.

 

(ii)  New York
Companies.  All payments to a
New York Company as a Loss Company shall be recorded on such New York Company’s
books as contributed surplus.  Once a
Loss Company is paid for the utilization of its Losses, the Loss Company cannot
use such Losses in the calculation of its Separate Tax Liability.  As required by New York Insurance Department
Circular Letter 1979-33, if the amount paid by a New York Company to Parent
pursuant to this Paragraph 1 is greater than the amount of the New York
Company’s share of the Consolidated Tax Liability, then cash or securities
having a fair market value equal to such excess shall be placed in escrow by
Parent in order to help assure such New York Company’s enforceable right to
recover its payment for utilization of Losses of another Participating Company
in the event that such New York Company generates future Losses which may be
carried back to the year with respect to which such payment was made.  The assets held in escrow shall be assets
eligible as an investment for the New York Companies.  Escrow assets may be released to Parent (and shall in appropriate
cases be paid by Parent to the appropriate Subsidiary Member) from the escrow
account at such time as the permissible period for the carryback of Losses has

 

2

 

elapsed.  The escrow established pursuant to this
Paragraph 1 will be created pursuant to an agreement substantially in the form
of Exhibit “A”.

 

(C)           Payments.  All payments of Consolidated Tax Liability
allocated under Paragraph 1(A) and all payments with respect to Losses
generating Tax Benefits under Paragraph 1(B) shall be made within ninety (90)
days of the payment of the applicable estimated or actual consolidated federal
income tax, except where a refund is due Parent, in which case, it may defer
payment to a Subsidiary Member to within ninety (90) days of receipt of such
refund.  All payments shall be made in
cash or in securities eligible as investments for the New York Companies,
valued at market value.

 

2.             CHANGE IN CONSOLIDATED TAX
LIABILITY.  If taxable income,
special deductions or credits reported in a consolidated federal income tax
return of the Affiliated Group is changed or otherwise adjusted, including
without limitation by the filing of an amended tax return or by the Internal
Revenue Service or other appropriate authority, a recalculation of the tax
liability for all parties to this Agreement shall be made.

 

3.             REPORTS.  Written reports shall be prepared by Parent
reflecting the allocations of Consolidated Tax Liability made pursuant to
Paragraph 1 for each taxable year of the Affiliated Group (the “Tax Allocation
Reports”).  Such Tax Allocation Reports
shall be prepared and made available to Subsidiary Members within ninety (90)
days after the filing of the applicable consolidated federal income tax
return.  Written reports shall also be
prepared by Parent reflecting any adjustments to prior Tax Allocation Reports,
including adjustments arising as a consequence of the filing of amended tax
returns or audits by the Internal Revenue Service or other appropriate
authority (the “Tax Allocation Adjustment Reports”).  Tax Allocation Adjustment Reports will be prepared and made
available to each Subsidiary Member promptly following the calculation of such
adjustments, and any payments required pursuant to Tax Allocation Adjustment
Reports shall be made within ninety (90) days of receipt of such Tax Allocation
Adjustment Reports.  For purposes of
making quarterly estimated tax payments of federal income taxes, Parent is
authorized to prepare and make available to each of the Subsidiary Members
written reports estimating each of such Participating Company’s share of
estimated tax payments under Section 6655 of the Code determined in accordance
with the principles of Paragraph 1.

 

4.             MODIFICATION.  The parties may not amend Paragraph 1 of the
Agreement to provide for any other method of allocation without thirty (30)
days prior notification to the New York Insurance Department.

 

5.             TERMINATION.  This Agreement shall remain in effect until
terminated by any party hereto upon giving sixty (60) days advance written
notice or until the Affiliated Group fails to file a consolidated federal
income tax return with Parent as the common parent for any taxable year.  Termination upon notice will be effective
only with respect to the terminating party. 
If termination results from the Affiliated Group joining in a
life/nonlife consolidated return for which Genworth is the common parent, the

 

3

 

Participating
Companies eligible to join in the Genworth consolidated federal income tax
return shall become parties to Genworth’s then-existing tax allocation
agreement by and among Genworth and its eligible subsidiaries (other than the
Participating Companies) by executing the appropriate adoption agreements, and
Genworth shall consent to such adoption agreements.  Upon termination of the Agreement, its provisions will remain in
effect, in the case of termination by notice, with respect to any period of
time prior to and during the taxable year in which termination occurs for which
the income of the terminating party was properly included in the Affiliated
Group consolidated federal income tax return, 
and in the case of any other termination, with respect to any taxable
year beginning after the Closing Date as defined in the Master Agreement
executed by and among Genworth, General Electric Company, General Electric
Capital Corporation, GEI, Inc., and GE Financial Assurance Holdings, Inc. on
                  ,
2004 (the “Master Agreement”; such Closing Date as defined in the Master
Agreement, the “Closing Date”) and ending on or prior to the date of
termination .

 

6.             RECORDS AND DOCUMENTS.  Notwithstanding the termination of this
Agreement, all material including, but not limited to, separate returns,
supporting schedules, workpapers, correspondence and other documents relating
to a Subsidiary Member’s inclusion in the consolidated federal income tax
return of the Affiliated Group for a year governed by this Agreement, shall be
made available to such Subsidiary Member during Parent’s regular business
hours.

 

7.             ASSIGNMENT.  Except as provided in Section 14, this
Agreement and any rights pursuant hereto shall not be assignable by any party
hereto, without the prior written consent of the other parties.  Nothing in this Agreement, express or
implied, is intended to confer on any person other than the parties hereto, or
their respective legal successors, any rights, remedies, obligations or
liabilities that would otherwise be applicable.  The representations, warranties, covenants and agreements
contained in this Agreement shall be binding upon, extend to and inure to the
benefit of the parties hereto, their, and each of their, successors and assigns
respectively.

 

8.             GOVERNING LAW; SERVICE OF SUIT;
FORUM SELECTION.  This Agreement
shall be governed by and construed and enforced in accordance with the internal
laws of the state of New York applicable to a contract made and to be performed
in that state, without regard to principles of conflict of laws.

 

9.             DISPUTES.  Any dispute between or among any of the
parties hereto concerning the implication of this Agreement which cannot be
resolved shall be referred to arbitration in accordance with the then existing
rules of the American Arbitration Association.

 

10.           NOTICE.  All notices, statements or requests provided
for hereunder shall be deemed to have been duly given when delivered by hand to
an officer of the other party, or when deposited with the U.S. Postal Service,
as first class certified or registered mail, postage prepaid, overnight courier
service, telex or telecopier, addressed.

 

4

 

If to Parent,
to:

 

General
Electric Capital Assurance Company

6620 West
Broad Street

Richmond,
VA  23230

 

If to GELAAC,
to:

 

GE Life and
Annuity Assurance Company

6620 West
Broad Street

Richmond,
VA  23230

 

If to PIC, to:

 

Professional
Insurance Company

6620 West Broad
Street

Richmond,
VA  23230

 

If to GECLA,
to:

 

GE Capital
Life Assurance Company of New York

6620 West
Broad Street

Richmond,
VA  23230

 

If to FHL, to:

 

Federal Home
Life Insurance Company

6620 West
Broad Street

Richmond,
VA  23230

 

If to FCL, to:

 

First Colony
Life Insurance Company

6620 West
Broad Street

Richmond,
VA  23230

 

If to AML, to:

 

American
Mayflower Life Insurance Company of New York

6620 West
Broad Street

Richmond,
VA  23230

 

If to JTL, to:

 

Jamestown Life
Insurance Company

6620 West
Broad Street

 

5

 

Richmond,
VA  23230

 

If to RL, to:

 

River Lake
Insurance Company

6620 West
Broad Street

Richmond,
VA  23230

 

If to
Genworth, to:

 

Genworth
Financial, Inc.

6620 West
Broad Street

Richmond,
VA  23230

 

And to such
other persons or places as each party may from time to time designate by
written notice sent as aforesaid.

 

11.           ENTIRE AGREEMENT.  This Agreement, together with such
amendments as may from time to time be executed in writing by the parties,
constitutes the entire agreement and understanding between the parties in
respect of the consolidated federal income tax reporting contemplated hereby
and, except for the Special Tax Agreement among Parent, FCL, and RL executed on
July 28, 2003, as amended, supersedes all prior agreements, arrangements and
understandings relating to the subject matter hereof, provided however, that
any prior agreements to which the Participating Companies were parties shall
remain in effect with respect to each taxable year ending on or before the
Closing Date.

 

12.           SECTION HEADINGS.  Section headings contained herein are for
reference purposes only and shall not affect the meaning or interpretation of
this Agreement.

 

13.           COUNTERPARTS.  This Agreement may be executed in separate
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

 

14.           ADDITIONAL PARTIES.  With the consent of Parent, any additional
insurance companies that become members of the Affiliated Group after the date
of execution hereof may become a party to this Agreement by executing the
Adopting Agreement attached hereto as Exhibit B.

 

IN WITNESS
WHEREOF, the parties have caused this Agreement to be executed in duplicate by
their respective officers duly authorized so to do, and their respective
corporate seals to be affixed hereto.

 

	
   

  	
  GENERAL
  ELECTRIC CAPITAL ASSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
							

 

6

 

	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GE LIFE AND
  ANNUITY ASSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PROFESSIONAL
  INSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GE CAPITAL
  LIFE ASSURANCE COMPANY OF NEW YORK

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FEDERAL HOME
  LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FIRST COLONY
  LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AMERICAN
  MAYFLOWER LIFE INSURANCE COMPANY OF NEW YORK

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
								

 

7

 

	
   

  	
  JAMESTOWN
  LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  RIVER LAKE
  INSURANCE COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
								

 

8

 

EXHIBIT “A”

 

ESCROW AGREEMENT

 

ESCROW
AGREEMENT, dated
                             ,
20            ,
among [name of insurance company incorporated or commercially domiciled in the
State of New York] (hereinafter called “Subsidiary”), General Electric Capital
Assurance Company (hereinafter called “Parent”), and [name of escrow agent]
(hereinafter called “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS,
pursuant to a Tax Allocation Agreement dated
                                        
among Parent, [list all subsidiaries that are parties to the Tax Allocation
Agreement], Parent is required to establish and maintain a special account
consisting of assets eligible as an investment for a New York domestic life
insurance company in an amount equal to the excess of the amount paid by
Subsidiary to the Parent for federal income taxes over the actual tax payment
made by Parent on behalf of that subsidiary; and

 

WHEREAS,
escrow assets may be released to Parent from the special account at such time
as the permissible period for use by Subsidiary of tax loss carrybacks has
expired; and

 

WHEREAS,
Parent desires to deposit securities with the Escrow Agent for such purpose.

 

NOW,
THEREFORE, in consideration of the mutual agreements and other valuable
considerations and the provisions herein contained, it is hereby agreed by and
among Subsidiary, Parent and the Escrow Agent that Parent shall establish and
maintain a special account with the Escrow Agent pursuant to the following
conditions:

 

1.             Securities placed
in the special account shall be held by the Escrow Agent, its successors or
assigns, in trust, exclusively for the benefit of Subsidiary and free of any
lien or other claim of the Escrow Agent, any judgment creditor or other
claimant of the Parent.

 

2.             Except as
hereinafter provided, no securities in this account or any principal cash
account held pursuant to this Agreement shall be released by the Escrow Agent
except (i) upon receipt of a written request of Subsidiary and Parent or (ii)
upon substitution of other securities satisfying the provisions of this
Agreement.

 

3.             Upon maturity of
any security held hereunder, the Escrow Agent may surrender the same for
payment and hold the proceeds thereof in a principal cash account which is to
be maintained as a part of this account in accordance with this Agreement.  The principal cash account shall be invested
pursuant to the instructions of Parent.

 

9

 

4.             Unless and until
the Escrow Agent is notified to the contrary by Subsidiary and Parent, all
income collected on or received from the securities held hereunder is to be
paid to or upon the order of the Parent.

 

5.             The Escrow Agent
shall be accountable to the Subsidiary and Parent, as their interests may
appear, for the safekeeping of the securities and cash reserves held by it
hereunder.

 

6.             The Escrow Agent
shall send notices with respect to all security and principal cash
transactions, within ten (10) days after said transactions take place, to the
Subsidiary and Parent.

 

7.             Within thirty (30)
days after the filing of the applicable federal income tax return, Subsidiary
shall advise the Escrow Agent and Parent if the permissible period for use of
any tax loss as a carryback has expired and authorize the Escrow Agent to
release to Parent from the special account, such amounts as were deposited in
the special account with respect to such tax loss.

 

8.             The Escrow Agent
may cancel this Agreement, effective not less than thirty (30) days after
delivery of notice thereof to Subsidiary and Parent, and Subsidiary or Parent
may cancel this Agreement at any time without assigning any reason therefor,
effective upon delivery of notice thereof to the Escrow Agent and the other
party; provided no cancellation by either party shall be effective until either
(a) a new escrow agreement is executed by Parent with another escrow agent and approved
by Subsidiary, and the securities and cash principal in the special account are
transferred to the newly designated escrow agent in accordance with written
instructions from Parent and approved by Subsidiary, or (b) a letter of credit,
acceptable to the New York State Insurance Department is delivered to
Subsidiary in substitution for the foregoing special account.

 

9.             Any successor in
interest of the Escrow Agent, or receiver, liquidator, or other public officer
appointed to administer the affairs of the Escrow Agent shall succeed to all
the obligations assumed hereunder by the Escrow Agent.

 

10.           This Agreement shall
be construed and enforced in accordance with the laws of the state of New York.

 

11.           All notices and
other communications which shall be or may be given hereunder shall be in
writing and shall be deemed to have been duly given if delivered or mailed to
the parties at their respective addresses set forth below or to such other
address as any of the parties hereto shall furnish to the other.

 

12.           Any controversy
arising under this Agreement shall be settled by arbitration, in accordance
with the American Arbitration Association rules then in effect, and any award
rendered thereon shall be enforceable in any court of competent jurisdiction.

 

10

 

13.           This Agreement sets
forth in the entire understanding of the parties and supersedes any prior
agreement on the subject matter hereof and may not be changed or terminated
except by an agreement in writing signed by the parties.

 

IN WITNESS
WHEREOF, the parties hereto execute this Agreement as of the day and year first
above written.

 

	
  Attest:

  	
  General
  Electric Capital Assurance Company

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
  [New York
  domiciled or commercially

  domiciled company]

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
  [Escrow
  Agent]

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
								

 

11

 

EXHIBIT “B”

 

ADOPTION AGREEMENT

 

By executing
this Adoption Agreement, the undersigned corporation, an insurance company
subsidiary of General Electric Capital Assurance Company, hereby adopts and
agrees to be bound by the terms and provisions of the Tax Allocation Agreement
between General Electric Capital Assurance Company and its subsidiaries,
effective
                                        
(the “Agreement”), as provided in section 14 of the Agreement.

 

This Adoption
Agreement shall become effective on the date executed.

 

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Name and
  Address of Corporation)

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  
	
   

  
	
  Accepted:

  
	
   

  
	
  General
  Electric Capital Assurance Company

  
	
   

  
	
  By:

  	
   

  	
   

  
						

 

12

Exhibit PP

 

TAX ALLOCATION
AGREEMENT

 

This Tax
Allocation Agreement (this “Agreement”) is among Genworth Financial, Inc., a
Delaware company (“Parent”), and GE Group Life Assurance Company, a Connecticut
insurance company (“GEGLAC”), GEFA International Holdings, Inc., a Delaware
company, Viking Insurance Co., Ltd., a Bermuda insurance company, GE Capital
Insurance Agency, Inc., a Delaware company, GE Group Retirement, Inc., a
Connecticut company, GE Group Administrators, Inc., a  Delaware company, GNA Corporation, a Washington company, Capital
Brokerage Corporation, a Washington company, Newco Properties, Inc., a Virginia
company, GNA Distributors, Inc., a Washington company, The Terra Financial
Companies, Ltd., an Illinois company, Terra Financial Planning Group, Ltd., an
Illinois company, Terra Securities Corporation, an Illinois company, Security
Funding Corporation, a Delaware company, HGI Annuity Service Corporation, a
Delaware company, United Pacific Structured Settlement Company, a Florida
company, GE Financial Assurance Mortgage Funding Corporation, a Delaware
company, IFN Insurance Agency, Inc., a Virginia company, FFRL of New Mexico,
Inc., a New Mexico company, Forth Financial Resources of Alabama, Inc., an
Alabama company, Forth Financial Resources of Hawaii, Inc., a Hawaii company,
Forth Financial Resources Insurance Agency of Massachusetts, Inc., a
Massachusetts company, American Agriculturist Services, Inc., a New York
company, Fee for Service, Inc., a Florida company, Dental Holdings, Inc.,  a Connecticut company, California Benefits
Dental Plan, a California company, LTC Incorporated, a Washington company,
General Electric Mortgage Insurance Corporation, a North Carolina insurance
company, General Electric Mortgage Insurance Corporation of North Carolina, a
North Carolina insurance company, GE Mortgage Reinsurance Corporation of North
Carolina, a North Carolina insurance company, Sponsored Captive Re, Inc., a
Vermont insurance company, Verex Assurance, Inc., a Wisconsin insurance
company, Private Residential Mortgage Insurance Corporation, a North Carolina
insurance company, GE Residential Mortgage Insurance Corporation of North
Carolina, a North Carolina insurance company, General Electric Home Equity
Insurance Corporation of North Carolina, a North Carolina insurance company, GE
Mortgage Contract Services, Inc., a Delaware company, Centurion Capital Group,
Inc., an Arizona company, GE Private Asset Management, Inc., a California
company, GE Financial Trust Company, an Arizona company, Centurion Financial
Advisors Inc., a Delaware company, Centurion-Hesse Investment Management Corp.,
a Delaware company, and Centurion-Hinds Investment Management Corp., a Delaware
company (collectively, the “Subsidiaries”).

 

WHEREAS,
Parent and the Subsidiaries are members of an affiliated group of corporations
within the meaning of Section 1504 of the Internal Revenue Code of 1986, as
amended (the “Code”), and are eligible to file consolidated federal income tax
returns (the “Affiliated Group”);

 

WHEREAS,
Parent and the Subsidiaries (the “Participating Companies” with each
Participating Company other than Parent being a “Subsidiary Member”) have
determined that it is in their best interests to elect to file consolidated
federal income tax returns and to enter into

 

 

this Agreement for purposes of allocating the consolidated federal
income tax liability between the Participating Companies; and

 

WHEREAS, to
the extent that insurance companies incorporated in the State of New York will
become members of the Affiliated Group (collectively, the “New York Companies,”
or separately, a “New York Company”), each will be subject to the Guidelines
for Tax Allocation Agreements contained in the New York Insurance Department
Circular Letter 1979-33;

 

NOW,
THEREFORE, in consideration of the premises and of the mutual promises set
forth herein, and intending to be legally bound hereby, the parties agree as
follows:

 

1.             ALLOCATION METHOD.

 

(A)          Allocation of Consolidated Tax
Liability.  The Participating
Companies shall allocate the consolidated federal income tax liability of the
Affiliated Group (the “Consolidated Tax Liability”) to each Participating
Company by multiplying the Consolidated Tax Liability times a fraction, the
numerator of which is the federal income tax liability of the Participating
Company computed as if the Participating Company filed separate federal income
tax returns (“Separate Tax Liability”) and the denominator of which is the sum
of the Separate Tax Liabilities of the Participating Companies.  The amount of the Consolidated Tax Liability
allocated to each Participating Company shall not exceed the Separate Tax
Liability of such Participating Company; provided, however, that for purposes
of computing the Separate Tax Liability of a Participating Company, any income,
deduction, or loss recognized by such Participating Company in an intercompany
transaction with another Participating Company shall be taken into account as
provided in Treasury Regulation §§ 1.1502-13 and 1.1502-13T.

 

(B)           Use of Tax Attributes.

 

(i)  Generally.  In the event that the amount of the
Consolidated Tax Liability allocated to a Participating Company is less than
the Separate Tax Liability of such Participating Company (the “Benefited
Company”) and another Participating Company has foreign tax credits, investment
tax credits, losses, loss carryovers, or other tax attributes (“Losses”; the
Participating Company which has such Losses, the “Loss Company”), then (i) if
Parent is the Benefited Company, Parent shall pay to the Loss Company, (ii) if
Parent is the Loss Company, the Benefited Company shall pay to Parent, and
(iii) if Parent is neither the Benefited Company or the Loss company, the
Benefited Company shall pay to Parent and Parent shall pay to the Loss Company
an amount equal to the excess of the Benefited Company’s Separate Tax Liability
over its allocation of Consolidated Tax Liability (“Tax Benefit”) to the extent
such Tax Benefit is attributable to Losses of the Loss Company actually used to
reduce Consolidated Tax Liability taking into account the principles of
Treasury Regulation §§ 1.1502-2, 1.1502-3, 1.1502-4, 1.1502-11, 1.1502-21, and

 

2

 

1.1502-21T.  Any of the Loss Company’s Losses which are
not used to reduce Consolidated Tax Liability and for which it has not been
paid shall be retained by the Loss Company for possible future use in computing
its Separate Tax Liability.

 

(ii)  New York
Companies.  All payments to a
New York Company as a Loss Company shall be recorded on such New York Company’s
books as contributed surplus.  Once a
Loss Company is paid for the utilization of its Losses, the Loss Company cannot
use such Losses in the calculation of its Separate Tax Liability.  As required by New York Insurance Department
Circular Letter 1979-33, if the amount paid by a New York Company to Parent
pursuant to this Paragraph 1 is greater than the amount of the New York
Company’s share of the Consolidated Tax Liability, then cash or securities
having a fair market value equal to such excess shall be placed in escrow by
Parent in order to help assure such New York Company’s enforceable right to
recover its payment for utilization of Losses of another Participating Company
in the event that such New York Company generates future Losses which may be
carried back to the year with respect to which such payment was made.  The assets held in escrow shall be assets
eligible as an investment for the New York Companies.  Escrow assets may be released to Parent (and shall in appropriate
cases be paid by Parent to the appropriate Subsidiary Member) from the escrow
account at such time as the permissible period for the carryback of Losses has
elapsed.  The escrow established
pursuant to this Paragraph 1 will be created pursuant to an agreement substantially
in the form of Exhibit “A”.

 

(C)           Payments.  All payments of Consolidated Tax Liability
allocated under Paragraph 1(A) and all payments with respect to Losses
generating Tax Benefits under Paragraph 1(B) shall be made within ninety (90)
days of the payment of the applicable estimated or actual consolidated federal
income tax, except where a refund is due Parent, in which case, it may defer
payment to a Subsidiary Member to within ninety (90) days of receipt of such
refund.  All payments shall be made in
cash or in securities eligible as investments for the New York Companies,
valued at market value.

 

2.             CHANGE IN CONSOLIDATED TAX
LIABILITY.  If taxable income,
special deductions or credits reported in a consolidated federal income tax
return of the Affiliated Group is changed or otherwise adjusted, including
without limitation by the filing of an amended tax return or by the Internal
Revenue Service or other appropriate authority, a recalculation of the tax
liability for all parties to this Agreement shall be made.

 

3.             REPORTS.  Written reports shall be prepared by Parent
reflecting the allocations of Consolidated Tax Liability made pursuant to
Paragraph 1 for each taxable year of the Affiliated Group (the “Tax Allocation
Reports”).  Such Tax Allocation Reports
shall be prepared and made available to Subsidiary Members within ninety (90)
days after the filing of the applicable consolidated federal income tax
return.  Written reports shall also

 

3

 

be prepared by
Parent reflecting any adjustments to prior Tax Allocation Reports, including
adjustments arising as a consequence of the filing of amended tax returns or
audits by the Internal Revenue Service or other appropriate authority (the “Tax
Allocation Adjustment Reports”).  Tax
Allocation Adjustment Reports will be prepared and made available to each
Subsidiary Member promptly following the calculation of such adjustments, and
any payments required pursuant to Tax Allocation Adjustment Reports shall be
made within ninety (90) days of receipt of such Tax Allocation Adjustment
Reports.  For purposes of making
quarterly estimated tax payments of federal income taxes, Parent is authorized
to prepare and make available to each of the Subsidiary Members written reports
estimating each of such Participating Company’s share of estimated tax payments
under Section 6655 of the Code determined in accordance with the principles of
Paragraph 1.

 

4.             MODIFICATION.  The parties may not amend Paragraph 1 of the
Agreement to provide for any other method of allocation without thirty (30)
days prior notification to the New York Insurance Department.

 

5.             TERMINATION.  This Agreement shall remain in effect until
terminated by any party hereto upon giving sixty (60) days advance written
notice or until the Affiliated Group fails to file a consolidated federal
income tax return for any taxable year. 
Termination upon notice will be effective only with respect to the
terminating party.  Upon termination of
the Agreement, its provisions will remain in effect, in the case of termination
by notice, with respect to any period of time prior to and during the taxable
year in which termination occurs, for which the income of the terminating party
was properly included in the Affiliated Group consolidated federal income tax
return, and in the case of any other termination, with respect to any taxable
year beginning after the Closing Date as defined in the Master Agreement
executed by and among Genworth, General Electric Company, General Electric
Capital Corporation, GEI, Inc., and GE Financial Assurance Holdings, Inc., on
                           ,
2004 (the “Master Agreement”; such Closing Date as defined in the Master
Agreement, the “Closing Date”) and ending on or prior to the date of termination..

 

6.             RECORDS AND DOCUMENTS.  Notwithstanding the termination of this
Agreement, all material including, but not limited to, separate returns,
supporting schedules, workpapers, correspondence and other documents relating
to a Subsidiary Member’s inclusion in the consolidated federal income tax
return of the Affiliated Group for a year governed by this Agreement, shall be
made available to such Subsidiary Member during Parent’s regular business
hours.

 

7.             ASSIGNMENT.  Except as provided in Section 14, this
Agreement and any rights pursuant hereto shall not be assignable by any party
hereto, without the prior written consent of the other parties.  Nothing in this Agreement, express or
implied, is intended to confer on any person other than the parties hereto, or
their respective legal successors, any rights, remedies, obligations or
liabilities that would otherwise be applicable.  The representations, warranties, covenants and agreements
contained in this Agreement shall

 

4

 

be binding
upon, extend to and inure to the benefit of the parties hereto, their, and each
of their, successors and assigns respectively.

 

8.             GOVERNING LAW; SERVICE OF SUIT;
FORUM SELECTION.  This Agreement
shall be governed by and construed and enforced in accordance with the internal
laws of the state of New York applicable to a contract made and to be performed
in that state, without regard to principles of conflict of laws.  With respect to GEGLAC, the Agreement shall
be governed by and construed in accordance with the internal laws of the state
of Connecticut applicable to a contract made and to be performed in that state,
without regard to the principles of conflict of laws.

 

9.             DISPUTES.  Any dispute between or among any of the parties
hereto concerning the implication of this Agreement which cannot be resolved
shall be referred to arbitration in accordance with the then existing rules of
the American Arbitration Association.

 

10.           NOTICE.  All notices, statements or requests provided
for hereunder shall be deemed to have been duly given when delivered by hand to
an officer of the other party, or when deposited with the U.S. Postal Service,
as first class certified or registered mail, postage prepaid, overnight courier
service, telex or telecopier, addressed.

 

If to Parent,
to:

 

Genworth
Financial, Inc.

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE Group
Life Assurance Company, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GEFA
International Holdings, Inc., to:

6620 West Broad
Street

Richmond,
VA  23230

 

If to Viking
Insurance Co., Ltd., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE
Capital Insurance Agency, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE Group
Retirement, Inc., to:

6620 West Broad
Street

Richmond,
VA  23230

 

5

 

If to GE Group
Administrators, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GNA
Corporation, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Capital
Brokerage Corporation, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Newco
Properties, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GNA
Distributors, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to The
Terra Financial Companies, Ltd., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Terra
Financial Planning Group, Ltd., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Terra
Securities Corporation, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Security
Funding Corporation, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to HGI
Annuity Service Corporation, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to United
Pacific Structured Settlement Company, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE
Financial Assurance Mortgage Funding Corporation, to:

 

6

 

6620 West
Broad Street

Richmond,
VA  23230

 

If to IFN
Insurance Agency, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to FFRL of
New Mexico, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Forth
Financial Resources of Alabama, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Forth
Financial Resources of Hawaii, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Forth
Financial Resources Insurance Agency of Massachusetts, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

American
Agriculturist Services, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Fee for
Service, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to Dental
Holdings, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to
California Benefits Dental Plan, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to LTC
Incorporated, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to General
Electric Mortgage Insurance Corporation, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

7

 

If to General
Electric Mortgage Insurance Corporation of North Carolina, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to GE
Mortgage Reinsurance Corporation of North Carolina, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to
Sponsored Captive Re, Inc., to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to Verex
Assurance, Inc., to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to Private
Residential Mortgage Insurance Corporation, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to GE
Residential Mortgage Insurance Corporation of North Carolina, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to General
Electric Home Equity Insurance Corporation of North Carolina, to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to GE
Mortgage Contract Services, Inc., to:

6601 Six Forks
Road

Raleigh,
NC  27615

 

If to
Centurion Capital Group, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE
Private Asset Management, Inc., to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to GE
Financial Trust Company, to:

6620 West
Broad Street

Richmond,
VA  23230

 

If to
Centurion Financial Advisors Inc., to:

 

8

 

6620 West
Broad Street

Richmond,
VA  23230

 

If to
Centurion-Hesse Investment Management Corp., to:

6620 West
Broad Street

Richmond, VA  23230

 

If to Centurion-Hinds Investment Management Corp., to:

6620 West
Broad Street

Richmond, VA  23230

 

And to such
other persons or places as each party may from time to time designate by
written notice sent as aforesaid.

 

11.           ENTIRE AGREEMENT.  This Agreement, together with such
amendments as may from time to time be executed in writing by the parties,
constitutes the entire agreement and understanding between the parties in
respect of the consolidated federal income tax reporting contemplated hereby
and supersedes all prior agreements, arrangements and understandings relating
to the subject matter hereof, provided however, that any prior agreements to
which the Participating Companies were parties shall remain in effect with
respect to each taxable year ending on or before the Closing Date.

 

12.           SECTION HEADINGS.  Section headings contained herein are for
reference purposes only and shall not affect the meaning or interpretation of
this Agreement.

 

13.           COUNTERPARTS.  This Agreement may be executed in separate
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

 

14.           ADDITIONAL PARTIES.  With the consent of Parent, any additional
insurance companies that become members of the Affiliated Group after the date
of execution hereof may become a party to this Agreement by executing an
Adopting Agreement either in the form attached hereto as Exhibit B or in the
form attached hereto as Exhibit C.

 

15.           REGULATORY APPROVAL.  The effectiveness of any amendment to or
assignment of the Agreement is conditioned upon completion of the filing of a
Form D, Prior Notice of a Transaction, (or the equivalent) with the requisite
state insurance commissioners, and such filing being deemed sufficient and the
transaction not disapproved by said commissioners.

 

IN WITNESS
WHEREOF, the parties have caused this Agreement to be executed in duplicate by
their respective officers duly authorized so to do, and their respective
corporate seals to be affixed hereto.

 

9

 

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE GROUP
  LIFE ASSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GEFA
  INTERNATIONAL HOLDINGS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  VIKING
  INSURANCE CO., LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE CAPITAL
  INSURANCE AGENCY, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE GROUP
  RETIREMENT, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE GROUP
  ADMINISTRATORS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GNA
  CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
									

 

10

 

	
   

  	
  CAPITAL
  BROKERAGE CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NEWCO
  PROPERTIES, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GNA
  DISTRIBUTORS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THE TERRA
  FINANCIAL COMPANIES, LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TERRA
  FINANCIAL PLANNING GROUP, LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TERRA
  SECURITIES CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SECURITY
  FUNDING CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  HGI ANNUITY
  SERVICE CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
								

 

11

 

	
   

  	
  UNITED
  PACIFIC STRUCTURED SETTLEMENT COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE FINANCIAL
  ASSURANCE MORTGAGE FUNDING CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  IFN
  INSURANCE AGENCY, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FFRL OF NEW
  MEXICO, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FORTH
  FINANCIAL RESOURCES OF ALABAMA, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FORTH
  FINANCIAL RESOURCES OF HAWAII, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FORTH
  FINANCIAL RESOURCES INSURANCE AGENCY OF MASSACHUSETTS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
								

 

12

 

	
   

  	
  AMERICAN
  AGRICULTURIST SERVICES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FEE FOR
  SERVICE, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  DENTAL
  HOLDINGS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CALIFORNIA
  BENEFITS DENTAL PLAN

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  LTC
  INCORPORATED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  ELECTRIC MORTGAGE INSURANCE CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  ELECTRIC MORTGAGE INSURANCE

  CORPORATION OF NORTH CAROLINA

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE MORTGAGE
  REINSURANCE CORPORATION OF NORTH CAROLINA

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
								

 

13

 

	
   

  	
  SPONSORED
  CAPTIVE RE, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  VEREX
  ASSURANCE, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PRIVATE
  RESIDENTIAL MORTGAGE INSURANCE CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE
  RESIDENTIAL MORTGAGE INSURANCE CORPORATION OF NORTH CAROLINA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  ELECTRIC HOME EQUITY INSURANCE CORPORATION OF NORTH CAROLINA

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE MORTGAGE
  CONTRACT SERVICES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CENTURION
  CAPITAL GROUP, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
								

 

14

 

	
   

  	
  GE PRIVATE
  ASSET MANAGEMENT, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GE FINANCIAL
  TRUST COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CENTURION
  FINANCIAL ADVISORS INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CENTURION-HESSE
  INVESTMENT MANAGEMENT CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CENTURION-HINDS
  INVESTMENT MANAGEMENT CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (seal)

  	
  By: 

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  	
   

  
								

 

15

 

EXHIBIT “A”

 

ESCROW AGREEMENT

 

ESCROW
AGREEMENT, dated
                               ,
20         , among [name of
insurance company incorporated or commercially domiciled in the State of New
York] (hereinafter called “Subsidiary”), Genworth Financial, Inc. (hereinafter
called “Parent”), and [name of escrow agent] (hereinafter called “Escrow
Agent”).

 

WITNESSETH:

 

WHEREAS,
pursuant to a Tax Allocation Agreement dated
                                        
among Parent, [list all subsidiaries that are parties to the Tax Allocation
Agreement], Parent is required to establish and maintain a special account
consisting of assets eligible as an investment for a New York domestic life
insurance company in an amount equal to the excess of the amount paid by
Subsidiary to the Parent for federal income taxes over the actual tax payment made
by Parent on behalf of that subsidiary; and

 

WHEREAS,
escrow assets may be released to Parent from the special account at such time
as the permissible period for use by Subsidiary of tax loss carrybacks has
expired; and

 

WHEREAS,
Parent desires to deposit securities with the Escrow Agent for such purpose.

 

NOW,
THEREFORE, in consideration of the mutual agreements and other valuable
considerations and the provisions herein contained, it is hereby agreed by and
among Subsidiary, Parent and the Escrow Agent that Parent shall establish and
maintain a special account with the Escrow Agent pursuant to the following
conditions:

 

1.                                       Securities
placed in the special account shall be held by the Escrow Agent, its successors
or assigns, in trust, exclusively for the benefit of Subsidiary and free of any
lien or other claim of the Escrow Agent, any judgment creditor or other
claimant of the Parent.

 

2.                                       Except
as hereinafter provided, no securities in this account or any principal cash
account held pursuant to this Agreement shall be released by the Escrow Agent
except (i) upon receipt of a written request of Subsidiary and Parent or (ii)
upon substitution of other securities satisfying the provisions of this
Agreement.

 

3.                                       Upon
maturity of any security held hereunder, the Escrow Agent may surrender the
same for payment and hold the proceeds thereof in a principal cash account
which is to be maintained as a part of this account in accordance with this
Agreement.  The principal cash account
shall be invested pursuant to the instructions of Parent.

 

4.                                       Unless
and until the Escrow Agent is notified to the contrary by Subsidiary and
Parent, all income collected on or received from the securities held hereunder
is to be paid to or upon the order of the Parent.

 

5.                                       The
Escrow Agent shall be accountable to the Subsidiary and Parent, as their
interests may appear, for the safekeeping of the securities and cash reserves
held by it hereunder.

 

6.                                       The
Escrow Agent shall send notices with respect to all security and principal cash
transactions, within ten (10) days after said transactions take place, to the
Subsidiary and Parent.

 

7.                                       Within
thirty (30) days after the filing of the applicable federal income tax return,
Subsidiary shall advise the Escrow Agent and Parent if the permissible period
for use of any tax loss as a carryback has expired and authorize the Escrow
Agent to

 

16

 

release to
Parent from the special account, such amounts as were deposited in the special
account with respect to such tax loss.

 

8.                                       The
Escrow Agent may cancel this Agreement, effective not less than thirty (30)
days after delivery of notice thereof to Subsidiary and Parent, and Subsidiary
or Parent may cancel this Agreement at any time without assigning any reason
therefor, effective upon delivery of notice thereof to the Escrow Agent and the
other party; provided no cancellation by either party shall be effective until
either (a) a new escrow agreement is executed by Parent with another escrow
agent and approved by Subsidiary, and the securities and cash principal in the
special account are transferred to the newly designated escrow agent in
accordance with written instructions from Parent and approved by Subsidiary, or
(b) a letter of credit, acceptable to the New York State Insurance Department
is delivered to Subsidiary in substitution for the foregoing special account.

 

9.                                       Any
successor in interest of the Escrow Agent, or receiver, liquidator, or other
public officer appointed to administer the affairs of the Escrow Agent shall
succeed to all the obligations assumed hereunder by the Escrow Agent.

 

10.                                 This
Agreement shall be construed and enforced in accordance with the laws of the
state of New York.

 

11.                                 All
notices and other communications which shall be or may be given hereunder shall
be in writing and shall be deemed to have been duly given if delivered or
mailed to the parties at their respective addresses set forth below or to such
other address as any of the parties hereto shall furnish to the other.

 

12.                                 Any
controversy arising under this Agreement shall be settled by arbitration, in
accordance with the American Arbitration Association rules then in effect, and
any award rendered thereon shall be enforceable in any court of competent
jurisdiction.

 

13.                                 This
Agreement sets forth in the entire understanding of the parties and supersedes
any prior agreement on the subject matter hereof and may not be changed or
terminated except by an agreement in writing signed by the parties.

 

IN WITNESS
WHEREOF, the parties hereto execute this Agreement as of the day and year first
above written.

 

	
  Attest:

  	
  Genworth
  Financial, Inc.

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
  [New York
  domiciled or commercially

  domiciled company]

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
								

 

17

 

	
  Attest:

  	
  [Escrow
  Agent]

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
								

 

18

 

EXHIBIT “B”

ADOPTION AGREEMENT

 

By executing
this Adoption Agreement, the undersigned corporation, a subsidiary of Genworth
Financial, Inc., hereby adopts and agrees to be bound by the terms and
provisions of the Tax Allocation Agreement between Genworth Financial, Inc. and
its subsidiaries, effective
                                       
(the “Agreement”), as provided in section 14 of the Agreement.

 

This Adoption
Agreement shall become effective on the date executed.

 

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Name and
  Address of Corporation)

  
	
  By:

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  
	
  Accepted:

  
	
  Genworth
  Financial, Inc.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
								

 

19

 

EXHIBIT “C”

 

[To be entered into by First Colony and River Lake]

 

ADOPTION AGREEMENT

 

By executing
this Adoption Agreement, the undersigned corporation, a subsidiary of Genworth
Financial, Inc. (“Genworth”), hereby adopts and agrees to be bound by the terms
and provisions of the Tax Allocation Agreement between Genworth and its
subsidiaries, effective ___________________ (the “Agreement”), as provided in
section 14 of the Agreement.

 

Notwithstanding
Section 1 of the Agreement, Genworth and the undersigned agree that the Special
Tax Agreement by and among General Electric Capital Assurance Company, First
Colony Life Insurance Company, and River Lake Insurance Company effective July
28, 2003 shall remain in effect and Genworth shall honor the allocation
provisions therein.

 

This Adoption
Agreement shall become effective on the date executed.

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Name and
  Address of Corporation)

  
	
  By:

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  
	
  Accepted:

  
	
  Genworth
  Financial, Inc.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
								

 

20

Exhibit QQ

 

GEFA INTERNATIONAL HOLDINGS, INC.

and

GE INSURANCE HOLDINGS LIMITED

 

 

 

 

_____________________________

DEED OF DEBT RELEASE

_____________________________

 

 

 

 

 

 

 

 

Slaughter and May

One Bunhill Row

London EC1Y 8YY

(TSB/RJZS)

CA041300009

 

 

 

THIS
DEED is made on [20 May] 2004

BETWEEN:

(1)                                 GEFA INTERNATIONAL HOLDINGS, INC., a company incorporated under
the laws of the State of Delaware, U.S.A. whose registered office is at 2711
Centerville Road, Suite 400, City of Wilmington, County of Newcastle, Delaware
19808, USA (“GEFA International”); and

(2)                                 GE INSURANCE HOLDINGS LIMITED, a private limited company
incorporated in England and Wales with registered number 2221244 and whose
registered office is at Vantage West, Great West Road, Brentford, Middlesex TW8
9AG (“GEIH”).

WHEREAS:

(A)                             The US GEIH Debt was owed by
GEIH to GECC on the terms and subject to the conditions of the US GEIH
Loan.  All of the rights and benefits of
GECC in respect of the US GEIH Debt (as previously sold by GECC to GEI, Inc.
and contributed by GEI, Inc. to GE Financial Assurance Holdings, Inc.) were
contributed to GEFA International by way of a contribution letter from GE
Financial Assurance Holdings, Inc. to GEFA International dated [                        ].

(B)                               FACL is a wholly-owned
subsidiary of GEIH and FINCL is a wholly-owned subsidiary of UK Holdings,
itself a wholly-owned subsidiary of GEFA International.

(C)                               It is proposed that the
long-term insurance business and the assets and liabilities of FACL be
transferred to FINCL under the Scheme for the purpose of transferring that
business into a subsidiary of Genworth, a company which is proposed to be the
subject of an initial public offering in the United States of America.  On the date of the completion of the initial
public offering of shares in Genworth, Genworth will become a parent company of
FINCL, UK Holdings and GEFA International, but will not be a parent company of
either GEIH or FACL.

(D)                              It is proposed that, in the
event that (for whatever reason) the Scheme does not become effective on or
before 28 December 2004, GEIH will (on or before 31 December 2004) transfer all
of its shares in FACL (representing the entire issued share capital of FACL) to
UK Holdings on and subject to the terms of a separate share purchase agreement
to effect the FACL Share Transfer.

(E)                                By way of compensation to GEIH
for the reduction in the value of its investment in FACL in the event that the
transfer of FACL’s business under the Scheme occurs, it is proposed that, on
the Transfer Date, GEFA International will release and discharge GEIH (on the
terms of this Deed) from its obligations to repay the US GEIH Debt.

 

2

 

(F)                                In the event that the Scheme
does not become effective on or before 28 December 2004 and that, accordingly,
the FACL Share Transfer is effected in pursuance of obligations contained in
the Master Agreement, GEFA International will on the Transfer Date, in part
consideration for the FACL Share Transfer, release and discharge GEIH (on the
terms of this Deed) from its obligations to repay the US GEIH Debt.

(G)                               By way of additional
compensation to GEIH for the reduction in the value of its investment in FACL
consequent upon the Scheme becoming effective or, alternatively (as the case
may be), as further consideration for the FACL Share Transfer, it is intended
that UK Holdings will (and, under this Deed, GEFA International shall ensure
that UK Holdings will) enter into the UK Holdings Deed under which UK Holdings
will agree to release GEIH from a debt owed to UK Holdings in a principal
amount of 

£[                            ] in the
event that the Scheme becomes effective or the FACL Share Transfer is
effected.  The parties intend that the
aggregate debt owed by GEIH to be released under this Deed and the UK Holdings
Deed shall equal the fair market value of FACL as at the date of this Deed.

(H)                              The parties acknowledge that
an amount equal to the amount of the US GEIH Debt to be released hereunder
will, on the Effective Date, become payable by GEFA International to GEIH but
shall not be settled until the release of the US GEIH Debt hereunder on the
applicable Transfer Date.  Pending the
release of the US GEIH Debt by GEFA International on the terms hereof, the
parties have agreed that interest shall be payable on an amount equal to the US
GEIH Debt until the relevant Transfer Date on which the US GEIH Debt is to be
released.

NOW THIS DEED WITNESSES as follows:

1.                                     INTERPRETATION

1.1                                In this Deed, unless
specifically provided otherwise or unless the context otherwise requires, the
following expressions shall have the following meanings:

(A)                              “Applicable Rate” means an
interest rate per annum equal to the sum of LIBOR plus a spread of 150 basis
points, such interest rate to be reset (in accordance with the terms of the US
GEIH Loan) on 30 June and 30 September;

(B)                                “Court” means the High Court
of Justice in England;

(C)                                “Effective Date” means the
date on which the Master Agreement is executed by the parties thereto;

(D)                               “FACL” means Financial
Assurance Company Limited, a private limited company incorporated in England
and Wales with registered number 1044679 and whose registered office is at
Vantage West, Great West Road, Brentford, Middlesex TW8 9AG;

 

3

 

(E)                                 “FACL Share Transfer” means
the transfer of the legal and beneficial ownership of the entire issued share
capital of FACL to UK Holdings which is proposed to occur only if the Scheme
does not become effective by 31 December 2004;

(F)                                 “FINCL” means Financial New
Life Company Limited, a private limited company incorporated in England and
Wales with registered number 4873014 and whose registered office is at Vantage
West, Great West Road, Brentford, Middlesex TW8 9AG;

(G)                                “GECC” means General Electric
Capital Corporation, a company incorporated under the laws of the state of
Delaware, U.S.A., whose registered office is at 1209 Orange Street, Wilmington,
County of Newcastle, Delaware 19801, U.S.A.;

(H)                               “GEFA International Interest”
shall have the meaning given to that phrase in clause 4.2.

(I)                                    “Genworth” means Genworth
Financial, Inc., a company incorporated in the state of Delaware, U.S.A., and
whose registered office is at 2711 Centerville Road, Suite 400, City of
Wilmington, County of Newcastle, Delaware 19808, U.S.A.;

(J)                                   “Initial Interest Amount”
means an amount of interest at the Applicable Rate on an amount equal to the US
GEIH Debt for the period from (and including) the date of this Deed until (but
not including) the Effective Date;

(K)                               “LIBOR” means the rate for
deposits in euros having a maturity of three months which appears on the Bridge
Telerate Service Page 3750 as of 11:00 a.m., London time, on the date of this
Deed or an applicable interest reset date, as the case may be, and the ‘Bridge
Telerate Service Page 3750’ means the display page designated as “Page 3750” on
the Bridge Telerate Service (or such other page as may replace that page on
that service, or such other service as may be nominated as the information
vendor for the purpose of displaying rates comparable to LIBOR);

(L)                                 “Master Agreement” means the
master agreement proposed to be entered into between General Electric Company,
General Electric Capital Corporation, GEI, Inc., GE Financial Assurance
Holdings, Inc. and Genworth in connection with the initial public offering of
shares in Genworth;

(M)                            “Scheme” means the proposed
insurance business transfer scheme for the transfer of the long-term insurance
business of FACL to FINCL pursuant to Part VII of the Financial Services and
Markets Act 2000 (as the same may be amended or succeeded from time to time);

(N)                               “Transfer Date” means:

 

4

 

(i)                                    the date on which the Scheme
becomes effective in accordance with the terms of the Scheme; or

(ii)                                 the date on which the
beneficial ownership of the entire issued share capital of FACL is transferred
to UK Holdings (or to such subsidiary of UK Holdings that UK Holdings may
require);

(O)                               “US GEIH Debt” means the
principal amount of £[                      ] owed by GEIH to GEFA
International under the US GEIH Loan;

(P)                                 “US GEIH Loan” means the loan
agreement dated [                     ],
originally entered into between GEIH and GECC but in respect of which all of
the rights and benefits of GECC in the US GEIH Debt owed thereunder (as
previously sold by GECC to GEI, Inc. and contributed by GEI, Inc. to GE
Financial Assurance Holdings, Inc.) were contributed to GEFA International by
way of a contribution letter from GE Financial Assurance Holdings, Inc. to GEFA
International dated [                      
];

(Q)                               “UK Holdings” means GEFA UK
Holdings Limited, a private limited company incorporated in England and Wales
with registered number 4914933 and whose registered office is at Vantage West,
Great West Road, Brentford, Middlesex TW8 9AG; and

(R)                                “UK Holdings Deed” means a
deed of debt release to be entered into between UK Holdings and GEIH on the
date hereof in substantially the same terms as this Deed.

1.2                                In this Deed, headings are for
convenience only and shall not affect the construction of this Deed.

2.                                     EFFECTIVE DATE

The parties agree that this Deed shall only become
effective on the Effective Date.

3.                                     OBLIGATIONS OF GEIH

3.1                                GEIH shall, and shall cause
FACL to, use all commercially reasonable efforts to cause the Scheme to become
effective and thereby to transfer the long-term insurance business and the
assets and liabilities of FACL to FINCL on the terms of the Scheme and to give
full and proper effect to the terms of the Scheme.

3.2                                If the Scheme has not become
effective on or before 28 December 2004, GEIH shall (on or before 31 December
2004) transfer the legal and beneficial ownership of the entire issued share
capital of FACL to UK Holdings, on the terms and subject to the conditions of a
separate share purchase agreement to effect the FACL Share Transfer and in
pursuance of obligations contained in the Master Agreement.

 

5

 

3.3                                GEIH shall ensure that, until
and including the Transfer Date, FACL will not declare, make or pay any
dividend, charge, fee or other distribution (including any interest on any
unpaid dividend, charge, fee or other distribution) (whether in cash or in
kind) on or in respect of its share capital (or any class of its share
capital).

4.                                     INTEREST

4.1                                The parties acknowledge and
agree that, on the Effective Date, an amount equal to the amount of the US GEIH
Debt will become payable (conditional upon the Transfer Date occurring) by GEFA
International to GEIH and that amount shall be settled by the release by GEFA
International of the US GEIH Debt on the applicable Transfer Date in accordance
with the terms of this Deed.

4.2                                Pending the release of the US
GEIH Debt by GEFA International on the Transfer Date pursuant to clause 5 of
this Deed, GEFA International shall pay to GEIH interest (the “GEFA
International Interest”) in an aggregate amount of:

(A)                              the Initial Interest Amount;
and

(B)                                interest at the Applicable
Rate on an amount equal to the amount of the US GEIH Debt,

such
payment to be satisfied in accordance with clause 4.3 below.

4.3                                On the Transfer Date:

(A)                              GEFA International shall pay
to GEIH the amount of the GEFA International Interest accrued but unpaid up to
and including the Transfer Date; and

(B)                                GEIH shall pay to GEFA
International the amount of any interest accrued but unpaid in respect of the
US GEIH Debt up to and including the Transfer Date,

and the
parties shall satisfy their respective interest payment obligations under this
clause 4.3 by setting off the respective payable interest amounts.

5.                                     CONDITIONAL RELEASE AND
DISCHARGE

5.1                                By way of compensation to GEIH
for the loss of the value of its investment in FACL (in the event that the
Scheme occurs) or (as the case may be) to provide part of the consideration for
the FACL Share Transfer, GEFA International agrees that, with effect from the
Transfer Date, GEIH shall be fully and irrevocably released and discharged from
any and all obligations or liabilities that it has, or may have, to pay the US
GEIH Debt to GEFA International.

5.2                                GEFA International shall
ensure that UK Holdings enters into the UK Holdings Deed on the date hereof and
fully performs all of its obligations thereunder.

 

6

 

6.                                     REPRESENTATION AND WARRANTY

Each of the parties hereby represents and warrants to
the other that it has full power, authority and capacity to enter into, and
fully to perform all of its obligations under, this Deed.

7.                                     ENTIRE AGREEMENT

7.1                                This Deed and any other
documents to be executed pursuant hereto or in connection with this Deed (the “Documents”)
constitutes the whole and only agreement between the parties relating to the
subject matter hereof.

7.2                                Each party acknowledges that
in entering into the Documents it is not relying upon any pre-contractual
statement which is not set out in the Documents.

7.3                                Except in the case of fraud,
no party shall have any right of action against any other party to this Deed
arising out of or in connection with any pre-contractual statement except
to the extent that it is repeated in the Documents.

7.4                                For the purposes of this clause
7, “pre-contractual statement” means any draft, agreement,
undertaking, representation, warranty, promise, assurance or arrangement of any
nature whatsoever, whether or not in writing, relating to the subject matter of
the Documents made or given by any person at any time prior to the date of this
Deed.

7.5                                This Deed may only be varied
or amended in writing signed by each of the parties.

8.                                     INVALIDITY

If at any time any provision of this Deed is or
becomes illegal, invalid or unenforceable in any respect under the law of any
jurisdiction, that shall not affect or impair:

(A)                              the legality, validity or
enforceability in that jurisdiction of any other provision of this Deed; or

(B)                                the legality, validity or
enforceability under the law of any other jurisdiction of that or any other
provision of this Deed.

9.                                     COUNTERPARTS

9.1                                This Deed may be executed in
any number of counterparts, and by the parties on separate counterparts, but
shall not be effective until each party has executed at least one counterpart.

9.2                                Each counterpart shall
constitute an original of this Deed, but all the counterparts shall together
constitute but one and the same instrument.

 

7

 

10.                              GOVERNING LAW AND JURISDICTION

10.1                          This Deed is governed by, and
shall be construed in accordance with, English law.

10.2                          Each party agrees that any
proceeding, suit or action arising out of or in connection with this Deed (“Proceedings”)
may be brought in the courts of England.

10.3                          This clause shall not limit
the right of either party to take Proceedings against the other in any other
court.

10.4                          Each party irrevocably submits
and agrees to submit to the jurisdiction of the English courts and of any other
court in which Proceedings may be brought in accordance with this clause.

IN WITNESS of which this document has been executed
and delivered as a deed on the date which first appears on page 1 above.

 

8

 

	
  EXECUTED AS A DEED

  	
  )

  	
   

  	
   

  
	
  BY GEFA INTERNATIONAL

  	
  )

  	
   

  	
   

  
	
  HOLDINGS, INC. acting by

  	
  )

  	
  ............................................
  

  	
   

  
	
  [name of authorised signatory(ies)]

  	
  )

  	
   

  	
   

  
	
  who, in accordance with the laws

  	
  )

  	
   

  	
   

  
	
  of the territory in which GEFA

  	
  )

  	
   

  	
   

  
	
  International Holdings, Inc. is

  	
  )

  	
  ............................................
  

  	
   

  
	
  incorporated, is/are acting under the

  	
  )

  	
   

  	
   

  
	
  authority of GEFA International

  	
  )

  	
   

  	
   

  
	
  Holdings, Inc.

  	
  )

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  EXECUTED AS A DEED

  	
  )

  	
  ............................................
  Director

  	
   

  
	
  BY GE INSURANCE HOLDINGS

  	
  )

  	
   

  	
   

  
	
  LIMITED acting by a director and

  	
  )

  	
   

  	
   

  
	
  its secretary / two directors

  	
  )

  	
  ............................................
  Director/Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

9

 

 

GEFA UK HOLDINGS LIMITED

and

GE INSURANCE HOLDINGS LIMITED

 

 

 

 

_____________________________

DEED OF DEBT RELEASE

_____________________________

 

 

 

 

 

 

 

 

Slaughter and May

One Bunhill Row

London EC1Y 8YY

(TSB/RJZS)

CA041040018

 

10

 

THIS
DEED is made on [20] May 2004

BETWEEN:

(1)                                 GEFA UK HOLDINGS LIMITED, a private limited company
incorporated in England and Wales with registered number 4914933 and whose
registered office is at Vantage West, Great West Road, Brentford, Middlesex TW8
9AG (“UK
Holdings”); and

(2)                                 GE INSURANCE HOLDINGS LIMITED, a private limited company
incorporated in England and Wales with registered number 2221244 and whose
registered office is at Vantage West, Great West Road, Brentford, Middlesex TW8
9AG (“GEIH”).

WHEREAS:

(A)                             The UK GEIH Debt was owed by
GEIH to GECC on the terms and subject to the conditions of the UK GEIH
Loan.  All of the rights and benefits of
GECC in respect of the UK GEIH Debt (as previously assigned to UK Group Holding
Company Limited following a sale of the UK GEIH Debt by GECC to GEI, Inc., a
contribution of the UK GEIH Debt by GEI, Inc. to GE Financial Assurance
Holdings, Inc. and a contribution of the UK GEIH Debt by GE Financial Assurance
Holdings, Inc. to GEFA International Holdings, Inc.) were assigned to UK
Holdings pursuant to an assignment entered into between UK Holdings and UK
Group Holding Company Limited dated [                        ].

(B)                               FACL is a wholly-owned
subsidiary of GEIH and FINCL is a wholly-owned subsidiary of UK Holdings.

(C)                               It is proposed that the
long-term insurance business and the assets and liabilities of FACL be
transferred to FINCL under the Scheme for the purpose of transferring that
business into a subsidiary of Genworth, a company which is proposed to be the
subject of an initial public offering in the United States of America.  On the date of the completion of the initial
public offering of shares in Genworth, Genworth will become a parent company of
FINCL and UK Holdings, but will not be a parent company of either GEIH or FACL.

(D)                              It is proposed that, in the
event that (for whatever reason) the Scheme does not become effective on or
before 28 December 2004, GEIH will (on or before 31 December 2004) transfer all
of its shares in FACL (representing the entire issued share capital of FACL) to
UK Holdings on and subject to the terms of a separate share purchase agreement
to effect the FACL Share Transfer.

(E)                                By way of compensation to GEIH
for the reduction in the value of its investment in FACL in the event that the
transfer of FACL’s business under the Scheme occurs, it is 

 

11

 

                                               proposed that, on the Transfer
Date, UK Holdings will release and discharge GEIH (on the terms of this Deed)
from its obligations to repay the UK GEIH Debt.

(F)                                In the event that the Scheme
does not become effective on or before 28 December 2004 and that, accordingly,
the FACL Share Transfer is effected in pursuance of obligations contained in
the Master Agreement, UK Holdings will on the Transfer Date, in part
consideration for the FACL Share Transfer, release and discharge GEIH (on the
terms of this Deed) from its obligations to repay the UK GEIH Debt.

(G)                               By way of additional
compensation to GEIH for the reduction in the value of its investment in FACL
consequent upon the Scheme becoming effective or, alternatively (as the case
may be), as further consideration for the FACL Share Transfer, GEFA
International Holdings, Inc. (“GEFA International”), a parent company of UK
Holdings, has entered into a deed of debt release (the “GEFA International
Deed”) on the date hereof, in substantially the same terms as this Deed, under
which GEFA International has agreed to release GEIH from a debt owed to GEFA International
in a principal amount of £[                            ] in the event that the Scheme becomes
effective or the FACL Share Transfer is effected.  The parties intend that the aggregate debt owed by GEIH to be
released under this Deed and the GEFA International Deed shall equal the fair
market value of FACL as at the date of this Deed.

(H)                              The parties acknowledge that
an amount equal to the amount of the UK GEIH Debt to be released hereunder
will, on the Effective Date, become payable by UK Holdings to GEIH but shall
not be settled until the release of the UK GEIH Debt hereunder on the
applicable Transfer Date.  Pending the
release of the UK GEIH Debt by UK Holdings on the terms hereof, the parties
have agreed that interest shall be payable on an amount equal to the UK GEIH
Debt until the relevant Transfer Date on which the UK GEIH Debt is to be
released.

NOW THIS DEED WITNESSES as follows:

11.                               INTERPRETATION

11.1                          In this Deed, unless
specifically provided otherwise or unless the context otherwise requires, the
following expressions shall have the following meanings:

(A)                              “Applicable Rate” means an
interest rate per annum equal to the sum of LIBOR plus a spread of 150 basis
points, such interest rate to be reset (in accordance with the terms of the UK
GEIH Loan) on 30 June and 30 September;

(B)                                “Court” means the High Court
of Justice in England;

(C)                                “Effective Date” means the
date on which the Master Agreement is executed by the parties thereto;

 

12

 

(D)                               “FACL” means Financial
Assurance Company Limited, a private limited company incorporated in England
and Wales with registered number 1044679 and whose registered office is at
Vantage West, Great West Road, Brentford, Middlesex TW8 9AG;

(E)                                 “FACL Share Transfer” means
the transfer of the legal and beneficial ownership of the entire issued share
capital of FACL to UK Holdings which is proposed to occur only if the Scheme
does not become effective by 28 December 2004;

(F)                                 “FINCL” means Financial New
Life Company Limited, a private limited company incorporated in England and
Wales with registered number 4873014 and whose registered office is at Vantage
West, Great West Road, Brentford, Middlesex TW8 9AG;

(G)                                “GECC” means General Electric
Capital Corporation, a company incorporated under the laws of the state of
Delaware, U.S.A., whose registered office is at 1209 Orange Street, Wilmington,
County of Newcastle, Delaware 19801, U.S.A.;

(H)                               “Genworth” means Genworth
Financial, Inc., a company incorporated in the state of Delaware, U.S.A., and
whose registered office is at 2711 Centerville Road, Suite 400, City of
Wilmington, County of Newcastle, Delaware 19808, U.S.A.;

(I)                                    “Initial Interest Amount”
means an amount of interest at the Applicable Rate on an amount equal to the UK
GEIH Debt for the period from (and including) the date of this Deed until (but
not including) the Effective Date;

(J)                                   “LIBOR” means the rate for
deposits in euros having a maturity of three months which appears on the Bridge
Telerate Service Page 3750 as of 11:00 a.m., London time, on the date of this
Deed or an applicable interest reset date, as the case may be, and the ‘Bridge
Telerate Service Page 3750’ means the display page designated as “Page 3750” on
the Bridge Telerate Service (or such other page as may replace that page on
that service, or such other service as may be nominated as the information
vendor for the purpose of displaying rates comparable to LIBOR);

(K)                               “Master Agreement” means the
master agreement proposed to be entered into between General Electric Company,
General Electric Capital Corporation, GEI, Inc., GE Financial Assurance
Holdings, Inc. and Genworth in connection with the initial public offering of
shares in Genworth;

(L)                                 “Scheme” means the proposed
insurance business transfer scheme for the transfer of the long-term insurance
business of FACL to FINCL pursuant to Part VII of the Financial Services and
Markets Act 2000 (as the same may be amended or succeeded from time to time);

 

13

 

(M)                            “Transfer Date” means:

(i)                                    the date on which the Scheme
becomes effective in accordance with the terms of the Scheme; or

(ii)                                 the date on which the
beneficial ownership of the entire issued share capital of FACL is transferred
to UK Holdings (or to such subsidiary of UK Holdings that UK Holdings may
require);

(N)                               “UK GEIH Debt” means the
principal amount of £[                     
] owed by GEIH to UK Holdings under the UK GEIH Loan;

(O)                               “UK GEIH Loan” means the loan
agreement dated [19 May 2004], originally entered into between GEIH and GECC
but in respect of which all of the rights and benefits of GECC in the UK GEIH
Debt owed thereunder (as previously assigned to UK Group Holding Company
Limited following a sale of the UK GEIH Debt by GECC to GEI, Inc., a
contribution of the UK GEIH Debt by GEI, Inc. to GE Financial Assurance
Holdings, Inc. and a contribution of the UK GEIH Debt by GE Financial Assurance
Holdings, Inc. to GEFA International Holdings, Inc.) were assigned to UK
Holdings pursuant to an assignment entered into between UK Holdings and UK
Group Holding Company Limited dated [                       ]; and

(P)                                 “UK Holdings Interest” shall
have the meaning given to that phrase in clause 4.2.

11.2                          In this Deed, headings are for
convenience only and shall not affect the construction of this Deed.

12.                              EFFECTIVE DATE

The parties agree that this Deed shall only become
effective on the Effective Date.

13.                              OBLIGATIONS OF GEIH

13.1                          GEIH shall, and shall cause
FACL to, use all commercially reasonable efforts to cause the Scheme to become
effective and thereby to transfer the long-term insurance business and the
assets and liabilities of FACL to FINCL on the terms of the Scheme and to give
full and proper effect to the terms of the Scheme.

13.2                          If the Scheme has not become
effective on or before 28 December 2004, GEIH shall (on or before 31 December
2004) transfer the legal and beneficial ownership of the entire issued share
capital of FACL to UK Holdings, on the terms and subject to the conditions of a
separate share purchase agreement to effect the FACL Share Transfer and in
pursuance of obligations contained in the Master Agreement.

 

14

 

13.3                          GEIH shall ensure that, until
and including the Transfer Date, FACL will not declare, make or pay any
dividend, charge, fee or other distribution (including any interest on any
unpaid dividend, charge, fee or other distribution) (whether in cash or in
kind) on or in respect of its share capital (or any class of its share
capital).

14.                              INTEREST

14.1                          The parties acknowledge and
agree that, on the Effective Date, an amount equal to the amount of the UK GEIH
Debt will become payable (conditional upon the Transfer Date occurring) by UK
Holdings to GEIH and that amount shall be settled by the release by UK Holdings
of the UK GEIH Debt on the applicable Transfer Date in accordance with the
terms of this Deed.

14.2                          Pending the release of the UK
GEIH Debt by UK Holdings on the Transfer Date pursuant to clause 5 of this Deed,
UK Holdings shall pay to GEIH interest (the “UK Holdings Interest”) in an
aggregate amount of:

(A)                              the Initial Interest Amount;
and

(B)                                interest at the Applicable
Rate on an amount equal to the amount of the UK GEIH Debt,

such
payment to be satisfied in accordance with clause 4.3 below.

14.3                          On the Transfer Date:

(A)                              UK Holdings shall pay to GEIH
the amount of the UK Holdings Interest accrued but unpaid up to and including
the Transfer Date; and

(B)                                GEIH shall pay to UK Holdings
the amount of any interest accrued but unpaid in respect of the UK GEIH Debt up
to and including the Transfer Date,

and the
parties shall satisfy their respective interest payment obligations under this
clause 4.3 by setting off the respective payable interest amounts.

15.                              CONDITIONAL RELEASE AND
DISCHARGE

By way
of compensation to GEIH for the loss of the value of its investment in FACL (in
the event that the Scheme occurs) or (as the case may be) to provide part of
the consideration for the FACL Share Transfer, UK Holdings agrees that, with
effect from the Transfer Date, GEIH shall be fully and irrevocably released and
discharged from any and all obligations or liabilities that it has, or may
have, to pay the UK GEIH Debt to UK Holdings.

 

15

 

16.                              REPRESENTATION AND WARRANTY

Each of the parties hereby represents and warrants to
the other that it has full power, authority and capacity to enter into, and
fully to perform all of its obligations under, this Deed.

17.                              ENTIRE AGREEMENT

17.1                          This Deed and any other
documents to be executed pursuant hereto or in connection with this Deed (the “Documents”)
constitutes the whole and only agreement between the parties relating to the
subject matter hereof.

17.2                          Each party acknowledges that
in entering into the Documents it is not relying upon any pre-contractual
statement which is not set out in the Documents.

17.3                          Except in the case of fraud,
no party shall have any right of action against any other party to this Deed
arising out of or in connection with any pre-contractual statement except
to the extent that it is repeated in the Documents.

17.4                          For the purposes of this clause
7, “pre-contractual statement” means any draft, agreement,
undertaking, representation, warranty, promise, assurance or arrangement of any
nature whatsoever, whether or not in writing, relating to the subject matter of
the Documents made or given by any person at any time prior to the date of this
Deed.

17.5                          This Deed may only be varied
or amended in writing signed by each of the parties.

18.                              INVALIDITY

If at any time any provision of this Deed is or
becomes illegal, invalid or unenforceable in any respect under the law of any
jurisdiction, that shall not affect or impair:

(A)                              the legality, validity or
enforceability in that jurisdiction of any other provision of this Deed; or

(B)                                the legality, validity or
enforceability under the law of any other jurisdiction of that or any other
provision of this Deed.

19.                              COUNTERPARTS

19.1                          This Deed may be executed in
any number of counterparts, and by the parties on separate counterparts, but
shall not be effective until each party has executed at least one counterpart.

19.2                          Each counterpart shall
constitute an original of this Deed, but all the counterparts shall together
constitute but one and the same instrument.

 

16

 

20.                              GOVERNING LAW AND JURISDICTION

20.1                          This Deed is governed by, and
shall be construed in accordance with, English law.

20.2                          Each party agrees that any
proceeding, suit or action arising out of or in connection with this Deed (“Proceedings”)
may be brought in the courts of England.

20.3                          This clause shall not limit
the right of either party to take Proceedings against the other in any other
court.

20.4                          Each party irrevocably submits
and agrees to submit to the jurisdiction of the English courts and of any other
court in which Proceedings may be brought in accordance with this clause.

IN
WITNESS of which this document has been executed and delivered as a deed on the
date which first appears on page 1 above.

 

17

 

	
  EXECUTED AS
  A DEED

  	
  )

  	
  .............................................Director

  
	
  BY GEFA UK
  HOLDINGS

  	
  )

  	
   

  
	
  LIMITED acting by a director and

  	
  )

  	
   

  
	
  its
  secretary / two directors

  	
  )

  	
  ............................................
  Director/Secretary

  
	
   

  	
   

  	
   

  
	
  EXECUTED AS A DEED

  	
  )

  	
  ............................................
  Director

  
	
  BY GE INSURANCE HOLDINGS

  	
  )

  	
   

  
	
  LIMITED acting by a director and

  	
  )

  	
   

  
	
  its secretary / two directors

  	
  )

  	
  ............................................
  Director/Secretary

  
	
   

  	
   

  	
   

  

 

18

 

Schedule 1.1

 

Discontinued
Businesses

 

GE Property and Casualty Insurance Company

GE Casualty Insurance Company

GE Indemnity Insurance Company

GE Auto & Home Insurance Company

Bayside Casualty Insurance Company

 

 

Schedule 1.1(a)

 

Supply
and Vendor Contracts

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

8.     The following mainframe
software licenses:

 

Mainframe Software – Alpharetta, Georgia

 

1 – Software License Agreement between GE and GE for EDI-Benchmark
Bundle loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V01-8889.

 

2 – Software License Agreement between GE Capital and Levi/Ray/S for
VPS/PCL loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V90-0230.

 

3 – Software License Agreement between GE and MacKinney for CICS/CEMT
from Batch-fST feature loaded on LPAR SYS6 in Alpharetta, Georgia, Product
Number V24-1254.

 

4 – Software License Agreement between GE Capital and Mainstar
forBackup and Recovery Manager loaded on LPAR SYS6 in Alpharetta, Georgia,
Product Number V16-7579.

 

5 – Software License Agreement between GE Capital and Mobius for
ViewDirect Base – unlimited use loaded on LPAR SYS6 in Alpharetta, Georgia,
Product Number V37-9555.

 

6 – Software License Agreement between GE and Oracle for Oracle 7
loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V94-3003.

 

7 – Software License Agreement between GE Capital and Sterling Commerce
for Connect:Direct Base Client loaded on LPAR SYS6 in Alpharetta, Georgia,
Product Number V08-6525.

 

 

1

 

8 – Software License Agreement between GE Capital and Sterling Commerce
for Connect:Direct MVS W/SNA loaded on LPAR SYS6 in Alpharetta, Georgia,
Product Number V92-5307.

 

9 – Software License Agreement between GE and Sybase for Open Client
CICS (Base) loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number
V86-1076.

 

10 – Software License Agreement between GE and Sybase for Open Client
MVS loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V86-1075.

 

11 – Software License Agreement between GE and Sybase for Open Server
loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V86-1078.

 

12 – Software License Agreement between GE and Sybase for Open Server
CICS or IMS (Base) loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number
V86-1077.

 

13 – Software License Agreement between GE IT Solutions and Syncsort
for Syncsort z/OS loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number
V00-9341.

 

14 – Software License Agreement between GE and Tact for TEW – Tedit
Workbench loaded on LPAR SYS6 in Alpharetta, Georgia, Product Number V92-2318.

 

15 – Software License Agreement between GE Capital and Computer
Associates for Answer:Builder (Base) (Mark IV) (GELAAC and GNA licenses only)
loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V81-5372.

 

16 - Software License Agreement between GE Capital and Computer
Associates for Vision:Results (GELAAC and GNA licenses only) loaded on LPAR
SYSB in Alpharetta, Georgia, Product Number V92-5322.

 

17 – Software License Agreement between GE Capital and Cincom for
Mantis XREF loaded on LPAR SYSB in Alpharetta, Georgia, Product Number
V11-9374.

 

18 -  Software License Agreement
between GE Capital and Cincom for MTEXT - MVS loaded on LPAR SYSB in
Alpharetta, Georgia, Product Number V30-5082.

 

19 - Software License Agreement between GE Capital and Cincom for
Mantis Nucleus - MVS loaded on LPAR SYSB in Alpharetta, Georgia, Product Number
V65-1142.

 

20 – Software License Agreement between GE Capital and Levi/Ray/S for
VMCF/TSO loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V08-2337.

 

21 – Software License Agreement between GE Capital and Levi/Ray/S for
VPS/TCPIP loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V42-1533.

 

 

2

 

 

22 – Software License Agreement between GE Capital and Levi/Ray/S for
VPS/PCL loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V90-0230.

 

23 – Software License Agreement between GE and MacKinney for LISTCAT
Plus-MVS loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V24-1262.

 

24 – Software License Agreement between GE and MacKinney for KWIKKEY
loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V24-1267.

 

25 – Software License Agreement between GE and MacKinney for CICS/CEMT
from Batch/MVS loaded on LPAR SYSB in Alpharetta, Georgia, Product Number
V24-1272.

 

26 – Software License Agreement between GE Capital and Medicinfo for
MIB loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V54-6073.

 

27 – Software License Agreement between GE and NETEC for CAFC
w/LOCO/AOEF loaded on LPAR SYSB in Alpharetta, Georgia, Product Number
V45-5230.

 

28  Intentionally left blank.

 

29 – Software License Agreement between GE and Pitney for Stream Weaver
loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V50-1003.

 

30 – Software License Agreement between GE and SAS for SAS Base loaded
on LPAR SYSB in Alpharetta, Georgia, Product Number V09-9995.

 

31 – Software License Agreement between GE Capital and Serena for
Comparex loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V86-9046.

 

32 – Software License Agreement between GE and Sftwreng for TRMS loaded
on LPAR SYSB in Alpharetta, Georgia, Product Number V89-1130.

 

33 – Software License Agreement between GE and Sftwreng for TRMS VSCI
loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V89-1131.

 

34 – Software License Agreement between GE Capital and Sterling
Commerce for Connect:Mailbox loaded on LPAR SYSB in Alpharetta, Georgia,
Product Number V53-2284.

 

35 – Software License Agreement between GE IT Solutions and Syncsort
for Syncsort z/OS loaded on LPAR SYSB in Alpharetta, Georgia, Product Number
V00-9341.

 

36 – Software License Agreement between GE Capital and Unicom for CICS
COMET loaded on LPAR SYSB in Alpharetta, Georgia, Product Number V17-7498.

 

37 – Software License Agreement between GE and Xerox for XPAF loaded on
LPAR SYSB in Alpharetta, Georgia, Product Number V94-1000.

 

 

3

 

38 – Software License Agreement between GE and Xerox for HFDL (Host
Forms Descriptn Lang) loaded on LPAR SYSB in Alpharetta, Georgia, Product
Number V94-1003.

 

39 - Software License Agreement between GE Capital and Sterling
Commerce for Connect:Direct loaded on LPAR SYSB in Alpharetta, Georgia.

 

40 - Software License Agreement between GE and Document Sciences for
Compset/DLS loaded on LPAR SYSB in Alpharetta, Georgia.

 

41 - Software License Agreement between GE and Observer Inc. for JES2Q
loaded on LPAR SYSB in Alpharetta, Georgia.

 

42 - Software License Agreement between GE and IBM for RACF loaded on
LPAR SYSB in Alpharetta, Georgia.

 

43 - Software License Agreement between GE and IBM for OS/VS COBOL
Compiler & Library loaded on LPAR SYSB in Alpharetta, Georgia.

 

Mainframe Software
– Cincinnati, Ohio

 

1 – Software License Agreement between GE and
Princeton Softtech for Move for DB2 loaded on LPAR Heather in Cincinnati, Ohio.

 

 

4

 

Annex A

Schedule 1.1(a)

to

Master Agreement

(Ops and Sourcing)

 

Section A (Complete Transfer):

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

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

  	
   

  	
  8/24/2002

  	
   

  	
  Avis
  Corporation, The (“Avis”)

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

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

  	
   

  	
  7/1/2002

  	
   

  	
  Cendant
  Travel, Inc. (“CTI”)

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

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

  	
   

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

  	
   

  	
  FA Management Enterprises, Inc. (“FA”)

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

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

  	
   

  	
  4/4/2003

  	
   

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

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  GESMI-GE
  Homebuyer Privileges Program Agreement

  	
   

  	
  5/8/2003

  	
   

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

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

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

  	
   

  	
  2/28/2001

  	
   

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

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

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

  	
   

  	
  2/28/2001

  	
   

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

  	
   

  	
  GEMICO
  on behalf of GE

  

 

 

5

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  8.

  	
   

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

  	
   

  	
  10/31/2000

  	
   

  	
  Penske
  Auto Centers, LLC

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
   

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

  	
   

  	
  7/11/2000

  	
   

  	
  Penske
  Truck Leasing Co., L.P.

  	
   

  	
  GEMICO
  on behalf of GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
   

  	
  Addendum
  to Staffing Agreement

  	
   

  	
  5/8/2003

  	
   

  	
  Kelly
  Health Care Resources

  	
   

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

  

 

Section B: GE owns Master, split

 

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

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Variation
  Agreement

  	
   

  	
  12/19/2003

  	
   

  	
  Experian
  Ltd (formerly CCN Group Ltd)

  	
   

  	
  GE
  Capital Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL
  Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  License
  Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter,
  Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Quote
  and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter,
  Inc.

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Master
  Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly
  Services, Inc.

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Noosh,
  Inc. Print Buyer Agreement

  	
   

  	
  12/31/2003

  	
   

  	
  Noosh,
  Inc.

  	
   

  	
  GNA
  Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service
  Envelope Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  Agreement
  for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
   

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

  	
   

  	
  4/1/2001

  	
   

  	
  AT&T
  Corp.

  	
   

  	
  UFLIC,
  CPFIC, SA, CCS, GCDP & GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
   

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

  	
   

  	
  5/30/2000

  	
   

  	
  Insurance
  Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

 

6

 

Section C: Genworth owns Master,
split

 

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

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Multipurpose
  Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

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

  	
   

  	
  12/12/2001

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  On-Line
  Service Subscription Agreement

  	
   

  	
  12/27/2001

  	
   

  	
  OneSource
  Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

 

7

 

Annex B

 

Schedule 1.1(a) for MI Europe

 

Section B: GE owns Master, split

 

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

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  License
  Agreement for Chain Link Technologies (as amended)

  	
   

  	
  5/19/1997

  	
   

  	
  Kintana, Inc. (formerly Chain
  Link Technologies)

  	
   

  	
  General Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License
  Agreement for Computer Software Products

  	
   

  	
  6/1/1999

  	
   

  	
  Trend Micro, Inc.

  	
   

  	
  General Electric Co.

  

 

 

8

 

Annex C

Schedule 1.1(a)

to

Master
Agreement

(IT
documents)

 

Section A (Complete Transfer):

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Software System License Agreement
  and Addendum

  	
   

  	
  3/12/1996

  	
   

  	
  Servantis
  Systems, Inc. (“SSI”)

  	
   

  	
  GE
  Capital Corporation Commercial Processing Services = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DDV Master Agreement

  	
   

  	
  4/16/2001

  	
   

  	
  Digital
  Datavoice Corporation

  	
   

  	
  UFLIC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Software Site License Agreement

  	
   

  	
  No date provided

  	
   

  	
  Principia
  Partners, LLC (“Principia”)

  	
   

  	
  GE
  Asset Management Incorporated (“GEAM”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2002-2003 REIS Services License Agreement

  	
   

  	
  9/30/2002

  	
   

  	
  REIS,
  Inc.

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Letter Agreement

  	
   

  	
  6/23/1994

  	
   

  	
  Wilshire
  Associates Inc.

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Agreement for Thomson Financial Services - Thomson
  Analytics

  	
   

  	
  9/15/2003

  	
   

  	
  Thomson
  Financial

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Consulting Agreement(1)

  	
   

  	
  9/18/2002

  	
   

  	
  Principia
  Partners LLC

  	
   

  	
  GEAM

  

 

Section B: GE owns Master, split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Patni
  Computer Systems LTD

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease/Rental Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard
  Company = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam
  Computer Services

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun
  Microsystems Finance = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun
  Microsystems, Inc. (“Sun”)

  	
   

  	
  General
  Electric Company = Licensee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Global Master Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya
  World Services, Inc. = Avaya

  	
   

  	
  General
  Electric Company = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T
  Credit Corp.

  	
   

  	
  General
  Electric Co.

  

 

(1) To be assigned to Genworth post-Closing.

 

 

9

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  International Lease and Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM
  Credit Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus
  Development Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Managed Network Solutions Agreement

  	
   

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

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T
  Corp. (“AT&T”)

  	
   

  	
  General
  Electric Company (“Company”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AT&T Wireless Services National
  Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

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

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  a. National Cellular Agreement

  b. and c. Application for Service

  	
   

  	
  a.

  1/24/2000

  b. and c.

  Undated

  	
   

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

  b. and c. Verizon

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Purchase, License and Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet
  Corporation (“FileNet”)

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Software License and Installation
  Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems
  Inc. (“Pega”)

  	
   

  	
  GE
  Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Recovery Services Agreement and all
  schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard
  Recovery Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement No. 131362 For
  Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware
  Corporation (“Compuware”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Capital Services, Inc.  = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Agreement

  	
   

  	
  Undated

  	
   

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

  	
   

  	
  General
  Electric Corporation (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sprint PCS Premier Account Term Service Agreement (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

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

  	
   

  	
  General Electric Company
  (“GE Co.”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  10/1/2002

  	
   

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

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VPNterprise Communications Services
  Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink
  Communications Corporation

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
   

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement for Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC
  Software Distribution, Inc. (“BMC”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  General Electric License to Use Informatica
  Software

  	
   

  	
  No date provided

  	
   

  	
  Informatica
  Corporation (“Informatica”)

  	
   

  	
  General
  Electric Corporation

  

 

 

10

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Perpetual License Agreement for Computer
  Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer
  Network Corporation (“CNC”)

  	
   

  	
  General
  Electric Credit Corporation [now General Electric Capital Corporation]

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Settlement and Release Agreement

  	
   

  	
  12/28/1998

  	
   

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

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  First Amended and Restated Enterprise
  License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer
  Associates International, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Trillium Software System License and
  Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte
  Hanks Data Technologies

  	
   

  	
  GE
  Capital Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business
  Objects Americas

  	
   

  	
  GE
  Capital Services Inc

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx
  Corporation

  	
   

  	
  General
  Electric Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-EMC Master Global Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing
  Communications Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Contract Service Arrangement
  Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth
  Telecommunications, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle
  Corporation

  	
   

  	
  a.
  General Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Microsoft/GE License Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI,
  GP

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement Renewal
  Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix
  Systems Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion
  Corporation (“Courion”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  Undated (The license agreement is effective upon
  acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  12/28/1998

  	
   

  	
  Internet
  Security Systems, Inc. (“ISS”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity,
  Inc. (“Netegrity”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Birlasoft

  	
   

  	
  General
  Electric International

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lasercycle Supply Agreement

  	
   

  	
  7/28/2000

  	
   

  	
  LASERCYCLE
  INKCYCLE

  	
   

  	
  GE
  Capital Corporation GEMICO

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appropriation Request

  	
   

  	
  7/16/2003

  	
   

  	
  GXS

  	
   

  	
  GE
  Capital Mortgage (GE Mortgage Holdings, LLC)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Advanced Server and Services Agreement

  	
   

  	
   

  	
   

  	
  Red
  Hat, Inc.

  	
   

  	
  General
  Electric Global Computer Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Custom International Customer Support
  Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService
  Division, Sun Microsystems, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Technology Services Agreement

  	
   

  	
   

  	
   

  	
  International
  Business Machines Corporation (“IBM”)

  	
   

  	
  GE
  Capital Corp.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Agreement for Call Center Quality
  Monitoring Systems

  	
   

  	
  8/18/1999

  	
   

  	
  Teknekron
  Infoswitch Corp

  	
   

  	
  GE

  

 

 

11

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  U.S. Corporate End User License Agreement

  	
   

  	
  1/31/2003

  	
   

  	
  Network
  Associates, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  GE
  Information Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Addendum to Software License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  Global
  eXchange Services Canada, Inc.

  	
   

  	
  GE
  Capital Mortgage Insurance Company (Canada) (“GECMICAN”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Electronic Commerce Services Agreement

  	
   

  	
  6/28/2002

  	
   

  	
  Global
  eXchange Services Canada, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon
  U.S.A., Inc.

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh
  Corporation

  	
   

  	
  GE
  Company Corporate Initiatives Group

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-Compaq Master Purchase and Services
  Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq
  Computer Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision
  Inc

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Agreement for Data Imaging Services

  	
   

  	
   

  	
   

  	
  Anacomp,
  Inc.

  	
   

  	
  GE
  Capital

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Network Services Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics
  Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software Licensing Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon
  Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  6/1/2003

  	
   

  	
  Standard
  & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Moody’s KMV Subscription Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s
  KMV Company (“Moody’s”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  System License Agreement Bondedge for
  Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital
  Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Leasing Agreement(2)

  	
   

  	
  11/21/2003

  	
   

  	
  Sun
  Microsystems Finance

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  

 

Section C: Genworth owns Master,
split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

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

  	
   

  	
  GEFAHI

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource,
  Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  

 

(2) To be assigned post-Closing.

 

 

12

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  GEFAHI Master Lease Agreement

  	
   

  	
   

  	
   

  	
  EMC
  Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic
  Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement

  	
   

  	
   

  	
   

  	
  Mercury
  Interactive

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  No date

  provided

  	
   

  	
  Edify
  Corporation (“Edify”)

  	
   

  	
  GEFAHI
  (“Licensee”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling
  Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

 

13

 

Annex D

 

Schedule 1.1(a)

Master Agreement

(GEFI Europe)

Section A (Complete Transfer):

	
  Item

  No

  	
   

  	
  Contract
  Name

  	
   

  	
  Contract

  Date

  	
   

  	
  Vendor

  	
   

  	
  GE

  Party

  	
   

  	
  Description
  of

  Contract

  
	
  1.

  	
   

  	
  SDMC Consultancy Services
  Agreement

  	
   

  	
  Dec 2003

  	
   

  	
  SDMC

  	
   

  	
  GEIH

  	
   

  	
  Consultancy Services for
  Oracle Financial Systems’ environment

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Sental Services Agreement

  	
   

  	
  18 June 2001

  	
   

  	
  Sental

  	
   

  	
  GEIH

  	
   

  	
  Provision of Telephone
  Management Reports

  

 

Section B: GE owns Master, split

For the following agreements, the GE Group
owns and shall retain the master agreement and software, hardware, equipment or
services acquired pursuant to such agreements. 
The Genworth Group shall continue to realise those benefits under these
agreements which it realised prior to the date hereof pursuant to and on the
terms of the European Transition Services Agreement or the Transition Services
Agreement, as appropriate.

 

	
  Item

  No

  	
   

  	
  Contract
  Name

  	
   

  	
  Contract

  Date

  	
   

  	
  Vendor

  	
   

  	
  GE

  Party

  	
   

  	
  Description
  of

  Contract

  
	
  1.

  	
   

  	
  Adecco

  	
   

  	
  2004

  	
   

  	
  Adecco Limited

  	
   

  	
  GE Capital Corp

  	
   

  	
  Temp Staff Providers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  GE Capital Fleet Services
  trading as Avis Fleet Services 661976

  	
   

  	
  1996

  	
   

  	
  GE Capital Fleet Services
  trading as Avis Fleet Services 661976

  	
   

  	
  GE Capital Corp

  	
   

  	
  Car Fleet providers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Services Agreement

  	
   

  	
  2000

  	
   

  	
  GECIS

  	
   

  	
  GEIH

  	
   

  	
  Provision of Information
  Management and Accounting Services

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Disaster Recovery

  	
   

  	
  2001

  	
   

  	
  IBM

  	
   

  	
  General Electric Company

  	
   

  	
  Disaster Recovery for GECA France

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Smart Force SARL

  	
   

  	
  2004

  	
   

  	
  Smart Force SARL

  	
   

  	
  General Electric Company

  	
   

  	
  E Learning Software

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Voice Support

  	
   

  	
  2004

  	
   

  	
  France Telecom

  	
   

  	
  General Electric Company

  	
   

  	
  Voice Support for GECA

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Safeboot

  	
   

  	
  2004

  	
   

  	
  Safeboot Ltd

  	
   

  	
  General Electric Company

  	
   

  	
  Laptop Security Software

  

 

14

 

	
  8.

  	
   

  	
  Quick Address Software

  	
   

  	
  2004

  	
   

  	
  QAS Ltd

  	
   

  	
  General Electric Company

  	
   

  	
  Web Platform (Addressing
  s/w in Cell and UKINT)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
   

  	
  ESAT – Voice Support

  	
   

  	
  2004

  	
   

  	
  ESAT Business

  	
   

  	
  General Electric Company

  	
   

  	
  Voice Support for Shannon

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
   

  	
  Voice Support for Shannon

  	
   

  	
  2004

  	
   

  	
  Ocean Communications Ltd

  	
   

  	
  General Electric Company

  	
   

  	
  Voice Support for Shannon

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
   

  	
  Telecommunications

  	
   

  	
  2004

  	
   

  	
  BT Ignite Solutions

  	
   

  	
  General Electric Company

  	
   

  	
  Telecommunications

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  Telecommunications

  	
   

  	
  2004

  	
   

  	
  Colt Telecommunications

  	
   

  	
  General Electric Company

  	
   

  	
  Telecommunications

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  Mobile Phone Services

  	
   

  	
  2004

  	
   

  	
  Bouygues Telecom

  	
   

  	
  General Electric Company

  	
   

  	
  Mobile Phone Services for
  GECA

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Telecommunications

  	
   

  	
  2004

  	
   

  	
  BT Onebill

  	
   

  	
  General Electric Company

  	
   

  	
  Telecommunications

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
   

  	
  Telecommunications

  	
   

  	
  2004

  	
   

  	
  EYRETEL

  	
   

  	
  General Electric Company

  	
   

  	
  Telecommunications

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  Server Hosting

  	
   

  	
  2001

  	
   

  	
  CSC

  	
   

  	
  General Electric Company

  	
   

  	
  Hosting

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  Mobile Comms Vodafone

  	
   

  	
  2002

  	
   

  	
  Vodafone

  	
   

  	
  General Electric Company

  	
   

  	
  Mobile Communications

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  End User Support Agreement

  	
   

  	
  unsigned and undated

  	
   

  	
  Eistream UK Limited

  	
   

  	
  General Electric Company

  	
   

  	
  End User Support Agreement

  

 

15

 

Schedule 1.1(b)

 

GEFAHI
Contracts

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

1

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

2

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

43.   GE Financial
Assurance/eHealthinsurance Agreement dated as of December 1, 2000, by and
among ehealthInsurance Services, Inc., GEFAHI and GE Capital Insurance Agency,
Inc.

 

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

 

45.   Warrant to Purchase Shares of
Common Stock dated as of December 1, 2000, by and between ehealthInsurance
Services, Inc. and GEFAHI

 

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

 

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

 

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

 

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

 

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

 

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

 

4

 

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

 

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

 

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

 

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

 

5

 

Annex A

 

Schedule 1.1(b)

to

Master Agreement

(Ops & Sourcing)

 

Section A (Complete Retention):

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  11.

  	
   

  	
  GE
  Master Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Rainbow
  Graphics Inc.

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  Indemnification
  and Hold Harmless Agreement

  	
   

  	
  9/19/2001

  	
   

  	
  Milliman
  USA, Inc.

  	
   

  	
  GEFA

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  5/7/2003

  	
   

  	
  Mail-Well
  Chicago

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
   

  	
   

  	
  Automated
  Presort, Inc.

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
   

  	
  Addendum
  to Master Professional Printing Services Agreement

  	
   

  	
   

  	
   

  	
  Automated
  Presort, Inc.

  	
   

  	
  GEFAHI

  

 

Section B: GE owns Master, split

 

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

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL
  Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  License
  Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter,
  Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Quote
  and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter,
  Inc.

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Master
  Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly
  Services, Inc.

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service
  Envelope Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Agreement
  for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

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

  	
   

  	
  4/1/2001

  	
   

  	
  AT&T
  Corp.

  	
   

  	
  UFLIC,
  CPFIC, SA, CCS, GCDP & GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

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

  	
   

  	
  5/30/2000

  	
   

  	
  Insurance
  Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

6

 

Section C: Genworth owns Master,
split

 

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

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  4.

  	
   

  	
  Multipurpose
  Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

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

  	
   

  	
  12/12/2001

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  On-Line
  Service Subscription Agreement

  	
   

  	
  12/27/2001

  	
   

  	
  OneSource
  Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

7

 

Annex
B

 

Schedule 1.1(b)

Master
Agreement Schedules

(IT
documents)

 

Section A (Complete Retention):

 

	
  Contract Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Equipment Lease Agreement and all
  equipment

  	
   

  	
  7/16/2002

  	
   

  	
  Avaya

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Licensed Business Product Schedule to
  Bowstreet License Agreement

  	
   

  	
  12/29/2000

  	
   

  	
  Bowstreet.com,
  Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Licensed Business Product Schedule to
  Bowstreet License Agreement

  	
   

  	
  11/17/2001

  	
   

  	
  Bowstreet.com,
  Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Licensed Business Product Schedule to
  Bowstreet License Agreement

  	
   

  	
  4/30/2001

  	
   

  	
  Bowstreet.com,
  Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Licensed Business Product Schedule to
  Bowstreet License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Bowstreet.com,
  Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Amendment to Bowstreet Master Licensing
  Agreement

  	
   

  	
  3/27/2003

  	
   

  	
  Bowstreet.com,
  Inc. (“Bowstreet”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  7/24/2000

  	
   

  	
  Claritas
  Inc. (“Claritas”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Claritas Inc. License Agreement

  	
   

  	
  9/24/1998

  	
   

  	
  Claritas
  Inc. (“Claritas”)

  	
   

  	
  GEFAHI

  

 

Section B: GE owns Master, split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Patni
  Computer Systems LTD

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease/Rental Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard
  Company = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam
  Computer Services

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun
  Microsystems Finance = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun
  Microsystems, Inc. (“Sun”)

  	
   

  	
  General
  Electric Company = Licensee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Global Master Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya
  World Services, Inc. = Avaya

  	
   

  	
  General
  Electric Company = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T
  Credit Corp.

  	
   

  	
  General
  Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  International Lease and Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM
  Credit Corporation

  	
   

  	
  General
  Electric Company

  

 

8

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus
  Development Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Managed Network Solutions Agreement

  	
   

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

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T
  Corp. (“AT&T”)

  	
   

  	
  General
  Electric Company (“Company”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AT&T Wireless Services National
  Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

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

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  a.
  National Cellular Agreement

  b. and c. Application for Service

  	
   

  	
  a. 1/24/2000

  b. and c.

  Undated

  	
   

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

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Purchase, License and Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet
  Corporation (“FileNet”)

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Software License and Installation
  Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems
  Inc. (“Pega”)

  	
   

  	
  GE
  Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Recovery Services Agreement and all
  schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard
  Recovery Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement No. 131362 For
  Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware
  Corporation (“Compuware”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Capital Services, Inc.  = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Agreement

  	
   

  	
  Undated

  	
   

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

  	
   

  	
  General
  Electric Corporation (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sprint PCS Premier Account Term Service Agreement (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

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

  	
   

  	
  General Electric Company
  (“GE Co.”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  10/1/2002

  	
   

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

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VPNterprise Communications Services
  Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink
  Communications Corporation

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
   

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement for Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC
  Software Distribution, Inc. (“BMC”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  General Electric License to Use Informatica
  Software

  	
   

  	
  No date

  provided

  	
   

  	
  Informatica
  Corporation (“Informatica”)

  	
   

  	
  General
  Electric Corporation

  

 

9

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Perpetual License Agreement for Computer
  Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer
  Network Corporation (“CNC”)

  	
   

  	
  General
  Electric Credit Corporation [now General Electric Capital Corporation]

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Settlement and Release Agreement

  	
   

  	
  12/28/1998

  	
   

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

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  First Amended and Restated Enterprise
  License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer
  Associates International, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Trillium Software System License and
  Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte
  Hanks Data Technologies

  	
   

  	
  GE
  Capital Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business
  Objects Americas

  	
   

  	
  GE
  Capital Services Inc

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx
  Corporation

  	
   

  	
  General
  Electric Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-EMC Master Global Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing
  Communications Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Contract Service Arrangement
  Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth
  Telecommunications, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle
  Corporation

  	
   

  	
  a.
  General Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Microsoft/GE License Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI,
  GP

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement Renewal
  Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix
  Systems Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion
  Corporation (“Courion”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  Undated (The license agreement is effective upon
  acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  12/28/1998

  	
   

  	
  Internet
  Security Systems, Inc. (“ISS”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity,
  Inc. (“Netegrity”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Custom International Customer Support
  Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService
  Division, Sun Microsystems, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon
  U.S.A., Inc.

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh
  Corporation

  	
   

  	
  GE
  Company Corporate Initiatives Group

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-Compaq Master Purchase and Services
  Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq
  Computer Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision
  Inc

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Agreement for Data Imaging Services

  	
   

  	
   

  	
   

  	
  Anacomp,
  Inc.

  	
   

  	
  GE
  Capital

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Network Services Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics
  Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software Licensing Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon
  Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  

 

10

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

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

  	
   

  	
  6/1/2003

  	
   

  	
  Standard
  & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Moody’s KMV Subscription Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s
  KMV Company (“Moody’s”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  System License Agreement Bondedge for
  Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital
  Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Leasing Agreement(3)

  	
   

  	
  11/21/2003

  	
   

  	
  Sun
  Microsystems Finance

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  

 

Section C: Genworth owns Master,
split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

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

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource,
  Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GEFAHI Master Lease Agreement

  	
   

  	
   

  	
   

  	
  EMC
  Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic
  Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement

  	
   

  	
   

  	
   

  	
  Mercury
  Interactive

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  No date provided

  	
   

  	
  Edify
  Corporation (“Edify”)

  	
   

  	
  GEFAHI
  (“Licensee”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling
  Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

(3) To be assigned post-Closing.

 

11

 

Schedule 1.1(e)

 

Genworth
Contracts

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

1

 

Annex A
to Schedule 1.1(e)

 

HomeBuyer
Privileges Lender Agreements

 

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

2.             Abn Amro Mortgage
Group, Inc.

3.             Advance Mortgage
Corporation

4.             Access National
Mortgage

5.             Affordable Home
Mortgage, Llc

6.             Alliance Mortgage
Banking Corp.

7.             Alliance Mortgage
Company Dba First Alliance Bank

8.             Alpine Bank

9.             American Federal
Mortgage Corp.

10.           American Heritage
Mortgage Corp.

11.           American Mortgage
Express Financial

12.           American Mortgage
Service Company

13.           American Residential
Mortgage Corp.

14.           American United
Mortgage Corp

15.           Amerihome Mortgage
Company, Llc

16.           Amerisouth Mortgage
Company

17.           Ameristar Mortgage
Corporation

18.           Arlington Capital
Mortgage Corporation

19.           Aspen Mortgage Services

20.           Atlantic Coast Federal

21.           Baltimore American
Mortgage Corp.

22.           Bancplus

23.           Bank of Mauston

24.           Bank of Utah

25.           Bell America Mortgage
Llc

26.           Bethpage Federal Credit
Union

27.           Boeing Employees Credit
Union

28.           Bremer Bank, N.A.

29.           Broadview Mortgage
Company

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

31.           C & R Mortgage
Source, Llc

32.           Cape Cod Bank and Trust
Company

33.           Capital City Bank

34.           Capital Mortgage
Funding L.L.C.

35.           Capitol Commerce
Mortgage Co.

36.           Capitol Federal Savings
Bank

37.           CapWest Mortgage
Corporation

38.           Castle Bank

39.           Cendant Mortgage
Corporation

40.           Centurybanc Mortgage

41.           Citizens Federal
Savings Bank

42.           Cmg Mortgage, Inc.

 

2

 

43.           Coastal Funding Group

44.           Coastal Mortgage
Services, Inc.

45.           Colban Funding

46.           Colban Funding Inc.

47.           Colonial National
Mortgage Corporation

48.           Columbia National, Inc.

49.           Commercial Federal Bank

50.           Commonfund Mortgage
Corp.

51.           Community Banc Mortgage
Llc

52.           Community First Bank

53.           Comunity Lending, Inc.

54.           Cornerstone Home
Mortgage Corp.

55.           Cuc Mortgage
Corporation

56.           Draper and Kramer
Mortgage Corp.

57.           Eastern Bank

58.           Eastern Financial
Florida Credit Union

59.           Easthampton Savings
Bank

60.           E-Loan, Inc.

61.           Eustis Mortgage
Corporation

62.           Exchange Financial
Corporation

63.           Extraco Mortgage

64.           Fairway Independent
Mortgage Company

65.           Family Choice Mortgage
Corporation

66.           First Citizens Bank and
Trust Company

67.           First Commonwealth
Mortgage Corp.

68.           First Eastern Mortgage
Corp.

69.           First Federal

70.           First Federal Savings
Bank of America

71.           First Financial Bank

72.           First Financial, A
Division of Ivy Mortgage

73.           First Mortgage Funding,
Llc

74.           First National Bank of
Estes Park

75.           First Priority Mortgage
Inc.

76.           First Tennessee Bank,
N. A.

77.           Firstmerit Bank, N.A.

78.           Firstrust Mortgage
Service

79.           Flick Mortgage
Investors, Inc.

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

81.           Fox Cities Mortgage
Corporation

82.           Franklin American
Mortgage Company

83.           Golf Savings Bank

84.           Grafton Suburban Credit
Union

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

86.           Greenpoint Mortgage
Funding, Inc.

87.           Group One Mortgage
Corporation

88.           Harris Trust and
Savings Bank - Chicago Real

 

3

 

89.           Harwood-Russell
Mortgage, Inc.

90.           Heritage Federal Credit
Union

91.           Hibernia National Bank

92.           Home Finance of America

93.           Home Financing Center,
Inc.

94.           Home Funding Finders,
Inc.

95.           Home Mortgage Assured
Corporation

96.           Home Security Mortgage
Corp.

97.           Homebanc Mortgage
Corporation

98.           Homebound Mortgage

99.           Homestead Funding Corp.

100.         Homevest Mortgage
Corporation

101.         Hudson River Bank and
Trust Company

102.         Iberia Bank

103.         Integra Bank N.A.

104.         Intermountain Mortgage
Company, Inc.

105.         Ipi Skyscraper Mortgage
Corporation

106.         Ivanhoe Financial

107.         Jersey Mortgage Company

108.         L & G Mortgagebanc,
Inc.

109.         Lake Mortgage Company,
Inc.

110.         Leader Mortgage Company

111.         Lender’s One

112.         Lendia

113.         Liberty Bank

114.         Liberty Bank, FSB

115.         Loancity.Com

116.         Lundin and Associates,
Inc.

117.         Mainline Mortgage
Corporation

118.         Mann Financial Inc.

119.         Mc Cue Mortgage Company

120.         Member First Mortgage,
Llc

121.         Metro Resources Service
Corporation

122.         MFC Mortgage, Inc.

123.         Midway Mortgage Company,
Inc.

124.         Mortgage Centre, L.C.

125.         Mortgage Financial
Services, Inc.

126.         Mortgage Investors Group,
L.P.

127.         Mortgage Loan Specialists

128.         Mortgage Master, Inc.

129.         Mortgage Partners
Financial Services

130.         Myers Park Mortgage

131.         National Mortgage Access,
Inc.

132.         Nations Home Mortgage

133.         New England Federal
Credit Union

134.         Nvr Mortgage Finance,
Inc.

 

4

 

135.         Oceanfirst Bank

136.         Old Second National Bank
of Aurora

137.         Pacific Republic Mortgage
Corporation

138.         Paramount Mortgage
Company

139.         Park National Bank

140.         Pathfinder Bank

141.         Patriot Funding

142.         Phoenix Savings Bank

143.         Pinnacle Mortgage Group,
Inc.

144.         Pirimar Home Loans

145.         Prairie State Mortgage

146.         Premier Mortgage Group, A
Limited

147.         Prime Home Mortgage, Inc.

148.         PrimeTrust Bank

149.         Princeton Mortgage
Corporation

150.         Provantage Funding
Corporation

151.         Pulaski Mortgage Company

152.         Rbc Centura Bank

153.         RBCMortgage

154.         Real Estate Mortgage
Corp.

155.         Republic Mortgage Llc

156.         Republic State Mortgage

157.         Residential Mortgage Group,
Inc.

158.         Resource Lender

159.         R-G Crown Bank, FSB

160.         RMS & Associates

161.         Royal Mortgage Corp.

162.         Salem Five Cents Savings
Bank

163.         Sandy Spring National
Bank of Maryland

164.         Schmidt Mortgage Company

165.         Scme Mortgage Bankers,
Inc.

166.         Seattle Savings Bank and

167.         Sidus Financial
Corporation

168.         Sierra Pacific Mortgage
Co., Inc.

169.         Southbank, F.S.B.

170.         Southern Community Banc
Mortgage

171.         Sovereign Bank

172.         Space Coast Credit Union

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

174.         Stockton Turner

175.         Suburban Mortgage, Inc.

176.         Summit Lending of Hawaii

177.         Sun American Mortgage
Corporation

178.         Sunset Bank

179.         Suntrust Bank

180.         Taylor, Bean and Whitaker
Mortgage Corp.

 

5

 

181.         The First National Bank
of South Mississippi

182.         The Mortgage People
Company

183.         The Northern Ohio
Investment Company

184.         Town & Country Bank

185.         Transland Financial
Services

186.         Trident Mortgage Company

187.         Trustcorp Mortgage
Company

188.         Ulster Savings Bank

189.         Unifirst Mortgage
Corporation

190.         Union Federal Savings
Bank of Indianapolis

191.         United Capital Mortgage
Corp.

192.         United Kingfield Bank

193.         United Mortgage

194.         Universal Mortgage Corp.
of Wisconsin

195.         Unizan Bank, National
Association

196.         Usa Funding Corp.

197.         Vitek Mortgage Group

198.         Washington Federal
Savings

199.         Washington Mutual Bank,
FA

200.         Waterfield Financial
Corporation

201.         Watson Mortgage

202.         Weichert Financial
Services

203.         Westlend Mortgage Group,
Llc

204.         Wilson Bank and Trust

 

6

 

Schedule 2.1(a)

 

Plan of
Separation

 

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

 

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

 

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

 

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

 

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

 

 

1

 

Master Agreement Schedule 2.1(a) Plan
of Separation

 

Annex A

 

 

2

 

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

 

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

 

 

3

 

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

 

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

 

 

	
  List A

  
	
   

  
	
  Forrer FA LLC

  
	
  Franklin FA LLC

  
	
  Glendale FA LLC

  
	
  Park Center FA LLC

  
	
  Pewaukee FA LLC

  
	
  Riverside Distribution
  LLC

  
	
  Eastgate Distribution LLC

  

 

4

 

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

 

 

5

 

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

 

 

6

 

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

 

 

LIST A1

Special Purpose Vehicles

•      GEFA Special Purpose Two, LLC (DE) 31-1690510

•      GEFA Special Purpose Six, LLC (DE) 42-1530159

•      GEFA Special Purpose Five, LLC (DE)
54-2051732

•      GEFA Special Purpose One, LLC (DE) 54-1962100

•      GEFA Special Purpose Three, LLC (DE)
54-2008176

•      GEFA Special Purpose Four, LLC (DE)
54-2033401

 

LIST B1

•      IFN Insurance Agency, Inc.

•      FFRL of New Mexico, Inc. (NM) 85-0442857

•      Forth Financial Resources of Alabama, Inc.
(AL) 58-1659603

•      Forth Financial Resources of Hawaii, Inc.
(HI) 36-3916991

•      Forth Financial Resources Insurance Agency of
Massachusetts, Inc. (MA) 36-3825210

 

LIST C1

Hochman
& Baker, Inc. (IL) and subsidiaries:

•      Hochman & Baker Securities, Inc. (IL)

•      Hochman & Baker Insurance Services, Inc.
(IL)

•      Hockhman & Baker Investment Advisory
Services, Inc. (IL)

 

LIST A

 

Special Purpose Vehicles

•      GEFA Special Purpose Two, LLC7 (DE)
31-1690510

•      GEFA Special
Purpose Six, LLC (DE) 42-1530159

•      GEFA Special
Purpose Five, LLC (DE) 54-2051732

•      GEFA Special
Purpose One, LLC (DE) 54-1962100

•      GEFA Special
Purpose Three, LLC (DE) 54-2008176

•      GEFA Special
Purpose Four, LLC (DE) 54-2033401

 

The ownership of the Special
Purpose Vehicles will not change as a result of the Separation - ownership
percentages not reflected

 

LIST B

Hochman &
Baker, Inc. (IL) and subsidiaries:

•      Hochman & Baker Securities, Inc. (IL)

•      Hochman & Baker Insurance Services, Inc.
(IL)

•      Hockhman & Baker Investment Advisory
Services, Inc. (IL)

 

LIST C

IFN Insurance Agency, Inc.

•      FFRL of New Mexico, Inc. (NM) 85-0442857

•      Forth Financial Resources of Alabama, Inc.
(AL) 58-1659603

•      Forth Financial Resources of Hawaii, Inc.
(HI) 36-3916991

•      Forth Financial Resources Insurance Agency of
Massachusetts, Inc. (MA) 36-38252107

 

7

 

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

 

 

8

 

Miscellaneous
GEFAHI Transfers

 

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

 

 

9

 

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

 

(a) GE Group Retirement, Inc.

 

(b) GE Group Administrators

 

(c) Fee for Service, Inc.

 

(d) GE Group Life Assurance Company

 

(e) LTC, Incorporated

 

 

10

 

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

 

 

Sequencing of Events to Move
Viking into Genworth

 

•
Viking paid dividend to GELCO of $225MM

 

•  GELCO
paid intercompany payable to GEFAHI for $23MM

 

•  GECC
lent  $202MM to GEI, GEI contributed
cash to GEFAHI

 

•
Prior to the Closing Date, GEFAHI purchased Viking from GELCO

 

•  On the
Closing Date GEFAHI contributes Viking to Genworth

 

11

 

Miscellaneous
GEFAHI Transfers

 

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

 

 

12

 

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

 

 

13

 

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

 

Transfer effected by:

 

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

 

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

 

• Immediately subsequent thereto, Genworth contributes such
interests to GNA Corporation who in turns contributes its ownership in GELAAC
and FHL to GECA.  In addition, FHL
dividends its interest in GELAAC to GECA.

 

 

14

 

Annex B

 

15

 

Move UK
Mortgage Entities into GEFA UK Holdings Ltd.

 

 

16

 

BR Purchase of UK Mortgage Co.

 

 

17

 

Move Guernsey Mortgage Entity into GEFA
International Holdings, Inc.

 

 

18

 

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

 

 

* Other Canadian legal
entities own remaining 47%

 

New GEMIC Holdings Company will acquire the stock of GECMIC
from GECMIC Holdings. As a result, GECMIC Holdings will be “out.”

 

19

 

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

 

 

As a result of the Asset
Transfer, entities on left Will not be contributed to Genworth

 

20

 

Annex C

 

21

 

 

Transaction was completed 3/31/04

 

22

 

	
  GEFI Creditor Legal
  Entity Moves

  	
   

  	
  Funding pre Closing

  

 

 

23

 

	
  GEFI Creditor Legal
  Entity Moves

  	
   

  	
  GEFAHI Acquisitions Pre Closing

  

 

 

24

 

	
  GEFI Creditor Legal
  Entity Moves

  	
   

  	
  Genworth Acquisitions Post Closing

  

 

 

25

 

 

26

 

Annex D

 

27

 

Genworth
Organizational Chart at Closing

 

List A

 

Special Purpose Vehicles

•      GEFA Special Purpose Two, LLC7(3) (DE) 31-1690510 (8

•      GEFA Special Purpose Six, LLC(4) (DE)
42-1530159

•      GEFA Special Purpose Five, LLC(5) (DE)
54-2051732

•      GEFA Special Purpose One, LLC (DE) 54-1962100

•      GEFA Special Purpose Three, LLC (DE)
54-2008176

•      GEFA Special Purpose Four, LLC (DE)
54-2033401

 

List B

 

•
Non-Controlling Ownership

• Forth Financial Resources of Texas, Inc.
(TX) 74-2394186

• Forth Financial Resources of Oklahoma
Agency, Inc. (OK) 74-2478420

 

List C

•      Centurion Capital Group Inc. (AZ) 86-0898056

•      GE Private Asset Management, Inc. (CA)
95-3551439

•      GE Financial Trust Company (AZ) 86-0770473

•      Centurion Financial Advisors Inc. (DE)
33-0877514

•      Centurion-Hesse Investment Management Corp.
(DE) 33-0889823

•      Centurion-Hinds Investment Management Corp.
(DE) 33-0886256

 

List D

 

•      IFN Insurance Agency, Inc.

•      FFRL of New Mexico, Inc. (NM) 85-0442857

•      Forth Financial Resources of Alabama, Inc.
(AL) 58-1659603

•      Forth Financial Resources of Hawaii, Inc.
(HI) 36-3916991

•      Forth Financial Resources Insurance Agency of
Massachusetts, Inc. (MA) 36-3825210

 

 

Reflects capitalized companies only.  Does not include limited partnerships or
investment companies whose shares are owned by individual investors or
insurance companies.

 

(1) Companies outside the Genworth Group
which are included to delineate upstream ownership or other pertinent
relationships.

 

(2) Remainder owned by 3rd
parties.

 

(3) See List A - 37.58% owned by GECA; 37.95%
owned by GELACC 24.47% owned by FCL

 

(4) See List A - 56.58% owned by GECA; 24.28%
owned by FCL; 19.14% owned by GELAAC

 

(5) See List A - 93.87% owned by GECA; 6.13%
owned by GELAAC

 

28

 

GEFAHI
Subsidiaries Organizational Chart at Closing

 

List A

 

GEFA
Real Estate Holding LLC (DE) - subsidiaries include:

Forrer
FA LLC (DE) 04-3713086

Franklin
FA LLC (DE) 11-3653525

Glendale
FA LLC (DE) 11-3653530

Park
Center FA LLC (DE) 13-4219233

Pewaukee
FA LLC (DE) 11-3653527

Riverside
Distribution Center LLC (DE) 31-1784312

Eastgate
Distribution Center LLC (DE) 31-1780670

 

 

Reflects capitalized companies only.  Does not include limited partnerships or
investment companies whose shares are owned by individual investors or
insurance companies.

Footnotes
1 and 2 do not exist

 

(3)  Remainder owned by
third parties

(4)  Majority owned by GECC, and remainder owned
by other GE affiliated entities

(5)  One (1) ordinary share held by GE Capital
International Holdings Corp as nominee

(6)  GECC’s direct investment in General
Hipotecaria (Mexico) is 56.2%, and the remaining ownership is held by GE
Capital de Mexico, S. de R.L. de C.V. which is owned by GECC (89.03%), GE
Mexico S.A. de C.V. (10.96%), and General Electric Credit Corporation of
Tennessee (0.01%).

(7)  GECMIC Holdings Inc. is owned by: General
Electric Capital Canada Inc. (53%), GE Railcar Services, Inc. (20%), 2762617
Canada Inc. (9%) and General Electric Canada Equipment Finance GP (18%).

(8)  Jointly owned by GECC (20%) and GE Capital
International Financing Corporation (80%), the latter of which is a wholly
owned subsidiary of GE Capital Global Financial Holdings, Inc., owned by GECC
(63.43%) and various other GE affiliated entities 

 

29

 

 

Schedule 2.1(b)

 

Delayed
Transfer Assets

 

1.     If the required Consents and
Governmental Approvals to transfer the assets of the following entities to
Genworth or one of its subsidiaries have not been obtained by December 28,
2004 then all of the issued and outstanding capital stock of such entities will
be transferred to Genworth on or prior to December 31, 2004:

 

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

 

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

 

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

 

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

 

 

1

 

Schedule 2.2(a)(i)

 

Genworth
Assets

 

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

 

•      all Assets of Financial
Assurance Company Limited, including those within the definitions of Residual
Assets, Residual Liabilities, Retained Insurances, Transferred Assets,
Transferring Liabilities, Transferring Contracts, Transferring Insurances,
Reinsurance Contracts (as such terms are defined in the UK Transfer Plan) (such Assets include the
FACL Bonds;  the Active FACL Bonds may
be transferred later pursuant to this Agreement at which time they would become
Excluded Assets)

 

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

 

•      the intellectual property
listed on Exhibit 1 to Schedule 2.2(a)(i) hereto.

 

 

1

 

Exhibit 1 to Schedule 2.2(a)(i)

 

MASTER
AGREEMENT IP SCHEDULES

 

I.              TRADEMARKS:

 

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

 

GE
FINANCIAL ASSURANCE HOLDINGS, INC.

 

	
  TRADEMARK

  	
   

  	
  COUNTRY/

  STATE

  	
   

  	
  REG. NO.

  	
   

  	
  REG. DATE

  	
   

  	
  APP. NO.

  	
   

  	
  APP. DATE

  	
   

  	
  STATUS

  	
   

  	
  NOTES

  
	
  QUICK APP

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-347,564

  	
   

  	
  12/12/2001

  	
   

  	
  PENDING

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PROTECTION 1 ONE AND DESIGN

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-286,633

  	
   

  	
  12/17/2001

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GENIUS

  	
   

  	
  U.S.

  	
   

  	
  2,652,604

  	
   

  	
  11/19/2002

  	
   

  	
  76-248,870

  	
   

  	
  05/01/2001

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BIG CASE AND DESIGN

  	
   

  	
  U.S.

  	
   

  	
  2,512,617

  	
   

  	
  11/17/2001

  	
   

  	
  76-223,585

  	
   

  	
  03/13/2001

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BEYOND MONEY

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-190,041

  	
   

  	
  01/05/2001

  	
   

  	
  PENDING

  	
   

  	
  ITU Application

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  RETIREMENT INCOME ROADMAP

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-160,353

  	
   

  	
  11/3/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL ACCESS

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-095,646

  	
   

  	
  07/25/2000

  	
   

  	
  PENDING

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FUND COMPANY SERVICES

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  76-008,644

  	
   

  	
  03/24/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AFFLUENT MARKET SERVICES GROUP

  	
   

  	
  U.S.

  	
   

  	
  2,447,241

  	
   

  	
  04/24/2001

  	
   

  	
  76-008,643

  	
   

  	
  03/24/2000

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SAVVY

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-937,210

  	
   

  	
  03/07/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  

 

2

 

	
  TRADEMARK

  	
   

  	
  COUNTRY/

  STATE

  	
   

  	
  REG. NO.

  	
   

  	
  REG. DATE

  	
   

  	
  APP. NO.

  	
   

  	
  APP. DATE

  	
   

  	
  STATUS

  	
   

  	
  NOTES

  
	
  INVESTOR

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CENTER FOR FINANCIAL LEARNING.COM AND DESIGN

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-916,446

  	
   

  	
  02/10/2000

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  REPFINDER

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-878,548

  	
   

  	
  12/22/1999

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LIVING SECURITY

  	
   

  	
  U.S.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  75-866,505

  	
   

  	
  12/07/1999

  	
   

  	
  ABANDONED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SIMPLE SECURITY

  	
   

  	
  U.S.

  	
   

  	
  2,643,414

  	
   

  	
  10/29/2002

  	
   

  	
  75-783,577

  	
   

  	
  08/24/1999

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  THE GIFT TO REMEMBER

  	
   

  	
  U.S.

  	
   

  	
  2,316,514

  	
   

  	
  02/08/2000

  	
   

  	
  75-627,099

  	
   

  	
  01/25/1999

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CUSTOM CHOICE

  	
   

  	
  U.S.

  	
   

  	
  2,622,601

  	
   

  	
  09/24/2002

  	
   

  	
  75-598,255

  	
   

  	
  12/02/1998

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  YOUR LIFETIME FINANCIAL PARTNER

  	
   

  	
  U.S.

  	
   

  	
  2,328,218

  	
   

  	
  03/14/2000

  	
   

  	
  75-529,708

  	
   

  	
  07/31/1998

  	
   

  	
  REGISTERED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CUSTOM CHOICE

  	
   

  	
  U.S.

  	
   

  	
  2,138,213

  	
   

  	
  02/24/1998

  	
   

  	
  75-085,610

  	
   

  	
  04/09/1996

  	
   

  	
  REGISTERED

  	
   

  	
  Assigned from First Colony
  Life Insurance 11/03/1998

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LIVING SECURITY

  	
   

  	
  U.S.

  	
   

  	
  689,253

  	
   

  	
  12/01/1959

  	
   

  	
  72-070,128

  	
   

  	
  03/23/1959

  	
   

  	
  CANCELLED

  	
   

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

  

 

3

 

II.            DOMAIN
NAMES:

 

	
  Domain Name

  
	
  AccountHolder.com

  
	
  AddedOptions.com

  
	
  Administradora-Habitat.com.mx

  
	
  AdvancedAgeAlternative.com

  
	
  AgentAccess.com

  
	
  AmericanMayFlower.com

  
	
  APP-Ease.com

  
	
  arbejdsloeshed.dk

  
	
  arbejdsloshed.com

  
	
  arbejdsloshed.dk

  
	
  arbejdsløshedsforsikring.dk

  
	
  argusmax.fr

  
	
  betalingsbeskyttelse.com

  
	
  betalingsforsikring.com

  
	
  BGAInfo.com

  
	
  bjg-ccm.com

  
	
  BrokerageInfo.com

  
	
  Buy-A-GIC.com

  
	
  BuyGICS.com

  
	
  Buy-GICS.com

  
	
  CCentertain.com

  
	
  CCMGI.com

  

 

4

 

	
  Domain Name

  
	
  CenterForFinancialLearning.com

  
	
  Center-For-Learning.com

  
	
  Centrust.com

  
	
  Centurioncm.com

  
	
  Certilink.biz

  
	
  CertiLink.com

  
	
  CertiLink.net

  
	
  CertiLink.org

  
	
  CertiLink2.com

  
	
  cfi.co.uk

  
	
  ChampionshipLife.com

  
	
  ChampionshipLifeInsurancePlan.com

  
	
  CheckSixProductions.com

  
	
  CheckSixProductions.net

  
	
  claim-center.co.uk

  
	
  claim-centre.co.uk

  
	
  claimfortravel.co.uk

  
	
  ClaimForTravel.com

  
	
  Click-For-A-GIC.com

  
	
  ComboOnce.com

  
	
  ContingentLife.com

  
	
  Coordinated-Care.com

  
	
  debtprotect.co.uk

  
	
  DebtProtect.com

  

 

5

 

	
  Domain Name

  
	
  DistributorAccess.com

  
	
  DL10.com

  
	
  DL20.com

  
	
  DynamicLearningPlan.com

  
	
  DynamicLearningPlan.net

  
	
  eguidance.co.uk

  
	
  EPPIStaging.com

  
	
  eWorksite.com

  
	
  facl.co.uk

  
	
  facl.de

  
	
  FACL.dk

  
	
  facl.it

  
	
  facl.nl

  
	
  facl-invest.co.uk

  
	
  FederalColumn.com

  
	
  FGIACustomerService.com

  
	
  FGIACustomerService.net

  
	
  FGIAInqueries.com

  
	
  FGIAInquiries.com

  
	
  FGIAQuestions.com

  
	
  ficl.de

  
	
  FICL.dk

  
	
  ficl.it

  
	
  ficl.nl

  

 

6

 

	
  Domain Name

  
	
  figsl.co.uk

  
	
  FIGSL.com

  
	
  FinancialAssurance.com

  
	
  FinancialEarning.com

  
	
  FinancialEarning.net

  
	
  FinancialEarning.org

  
	
  FinancialLearning.biz

  
	
  FinancialLearning.com

  
	
  Financial-Learning.com

  
	
  FinancialLearning.info

  
	
  FinancialLearning.net

  
	
  Financial-Learning.net

  
	
  FinancialLearning.org

  
	
  Financial-Learning.org

  
	
  FinancialLearningCenter.com

  
	
  Financialphobia.com

  
	
  Financial-Phobia.com

  
	
  FinancialPhobias.com

  
	
  FinancialPhobic.com

  
	
  Financialphobics.com

  
	
  financialwisdom.co.uk

  
	
  FirstColonyLife.com

  
	
  Firstrak.com

  
	
  FundMinder.com

  

 

7

 

	
  Domain Name

  
	
  generalhipotecaria.com

  
	
  generalhipotecaria.com.mx

  
	
  GPX-One.com

  
	
  GuaranteedAssetProtection.com

  
	
  GuaranteedOne.com

  
	
  GuardingYourFuture.com

  
	
  HarvestLife.com

  
	
  HarvestProtector.com

  
	
  HarvestUniversalProtector.com

  
	
  HarvestWealthGuard.com

  
	
  HesseFinancial.com

  
	
  Hindsfg.com

  
	
  HomeBuyerPrivileges.com

  
	
  HomeBuyerPrivileges.info

  
	
  HomeBuyerPrivileges.net

  
	
  HomeBuyerPrivileges.org

  
	
  HomeNow.com

  
	
  HomeNow.info

  
	
  HomeNow.org

  
	
  HomePartnership.biz

  
	
  HomePartnership.com

  
	
  HomePartnership.net

  
	
  HomePartnership.org

  
	
  HomeVendorGuide.com

  

 

8

 

	
  Domain Name

  
	
  HouseSaleHelper.com

  
	
  HouseVendor.com

  
	
  IdealTerm.com

  
	
  JobCare.info

  
	
  JointLifeProtector.com

  
	
  laaneforsikring.com

  
	
  laaneforsikring.dk

  
	
  laneforsikring.com

  
	
  LendingPartnerLocator.com

  
	
  LendingPartnerLocator.info

  
	
  LendingPartnerLocator.net

  
	
  LendingPartnerLocator.org

  
	
  LifeAccidentSicknessUnemployment.com

  
	
  loanprotect.co.uk

  
	
  loanprotector.co.uk

  
	
  LTCDigitalOffice.biz

  
	
  LTCDigitalOffice.com

  
	
  LTCDigitalOffice.info

  
	
  LTCDigitalOffice.net

  
	
  LTCDigitalOffice.org

  
	
  managingmymoney.co.uk

  
	
  MIConnect.com

  
	
  Midinero.com

  
	
  Mortgage-OmniScore.com

  

 

9

 

	
  Domain Name

  
	
  Mortgage-Score.com

  
	
  my-claim-online.co.uk

  
	
  My-Claim-Online.com

  
	
  mycover.co.uk

  
	
  MyCover.com

  
	
  my-online-claim.co.uk

  
	
  My-Online-Claim.com

  
	
  MyRetirementIncomeRoadmap.com

  
	
  MySelectSite.com

  
	
  mytravelclaim.co.uk

  
	
  MyTravelClaim.com

  
	
  my-travel-claim.co.uk

  
	
  My-Travel-Claim.com

  
	
  NetOriginate.biz

  
	
  NetOriginate.com

  
	
  NetOriginate.net

  
	
  NetOriginate.org

  
	
  oekonomisikring.com

  
	
  oekonomisikring.dk

  
	
  økonomiforsikring.dk

  
	
  okonomisikring.com

  
	
  økonomisikring.com

  
	
  okonomisikring.dk

  
	
  økonomisikring.dk

  

 

10

 

	
  Domain Name

  
	
  Online-Claim.com

  
	
  online-claim.co.uk

  
	
  OwnersPack.com

  
	
  PaymentProtection.org

  
	
  paymentprotectioninsurance.co.uk

  
	
  PaymentProtectionInsurance.com

  
	
  personalloanprotection.co.uk

  
	
  PersonalLoanProtection.com

  
	
  PeterGreenberg.com

  
	
  PeterGreenburg.com

  
	
  PlusQueLargus.com

  
	
  plusquelargus.tm.fr

  
	
  ProductivityPrivileges.com

  
	
  redundancycover.co.uk

  
	
  RedundancyCover.com

  
	
  protectyourpet.co.uk

  
	
  rdplus.fr

  
	
  RetirementIncomeRoadmap.com

  
	
  SCACredit.com

  
	
  SCACredit.net

  
	
  sortme.co.uk

  
	
  SortMe.com

  
	
  SusesChoice.com

  
	
  SusesChoice.net

  

 

11

 

	
  Domain Name

  
	
  SusiesChoice.com

  
	
  SusiesChoice.net

  
	
  SuzeChoice.com

  
	
  SuzeChoice.info

  
	
  SuzeChoice.net

  
	
  SuzesChoice.com

  
	
  SuzesChoice.net

  
	
  SuzieChoice.com

  
	
  SuzieChoice.net

  
	
  SuzysChoice.com

  
	
  SuzysChoice.net

  
	
  TerraFinancial.com

  
	
  travelcenter-claims.co.uk

  
	
  travelcentre-claims.co.uk

  
	
  TravelCentre-Claims.com

  
	
  travel-claim.co.uk

  
	
  Travel-Claim.com

  
	
  TravelDetective.org

  
	
  TravelDetectives.com

  
	
  uktravelclaim.co.uk

  
	
  UKTravelClaim.com

  
	
  VendersPack.com

  
	
  worldcover.co.uk

  
	
  WorldCover.com

  

 

12

 

	
  Domain Name

  
	
  worldcoverdirect.co.uk

  
	
  WorldCoverDirect.com

  
	
  WorldCoverOnline.com

  
	
  worldcoveronline.co.uk

  

 

13

 

III.           SOFTWARE,
TOOLKITS AND OTHER MATERIALS

 

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

 

	
  1.

  	
   

  	
  MyGoals:

  Genworth Group’s MyGoals H/R Software

  
	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Privacy/Opt-Out:

  Genworth Group’s Consumer Privacy Management Software

  
	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Complaint Log System
  (CLS):

  Genworth Group’s Complaint Log System Software

  
	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Death Claims
  System:

  Genworth Group’s Death Claims Cross-Checking Software

  
	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  EWD:

  Genworth Group’s Enterprise-Wide Disbursement Software

  
	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  SMART:

  Genworth Group’s Sales Management and Report Tracking System Software

  
	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  e-Learning:

  Genworth Group’s developed e-Learning courseware Software

  
	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  Change Control
  System Software (Europe):

  Genworth Group’s web-based Change Control System Software

  
	
   

  	
   

  	
   

  
	
  9.

  	
   

  	
  Compliance
  Management System (CMS):

  Genworth Group’s Compliance Management System Software

  
	
   

  	
   

  	
   

  
	
  10.

  	
   

  	
  Genworth Strategic Toolkits, including:

  P.I.E.

  HomeRun

  e-QuTOPS PMO Toolkit, including Project Place Software

  

 

14

 

	
  11.

  	
   

  	
  Training:

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

  •    Foundations of Leadership

  •    Interview & Selections

  Business Leadership Impact
  Symposium

  Lean Transactions

  
	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  Human
  Resources:

  Genworth Group’s Program Materials, including

  •    LDP (Leadership Development Program)

  •    ALDP (Actuarial Leadership
  Development Program)

  
	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  Risk:

  Genworth
  Group’s Risk Management Toolkit

  
	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Information Technology:

  Genworth
  Group’s DMADOV Methodology

  
	
   

  	
   

  	
   

  
	
  15.

  	
   

  	
  Legal/Compliance:

  Outsourcing
  Toolkit including the Migration Toolkit

  
	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  Operations:

  Genworth Group’s Crisis
  Management Toolkit

  
	
   

  	
   

  	
   

  
	
  17.

  	
   

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

  

 

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

 

15

 

IV.           PATENTS

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00100

  	
   

  	
  52493.000118

  and

  52493.000153

  
	
  85FA-00101

  	
   

  	
  52493.000032

  
	
   

  	
   

  	
   

  
	
  85FA-00103

  	
   

  	
  52493.000126

  
	
  85FA-00104

  	
   

  	
  52493.000036

  
	
  85FA-00105

  	
   

  	
  52493.000037

  
	
  85FA-00106

  	
   

  	
  52493.000040 

  and

  52493.000170

  
	
  85FA-00107

  	
   

  	
  52493.000041 

  and

  52493.000169

  
	
  85FA-00108

  	
   

  	
  52493.000065

  
	
  85FA-00109

  	
   

  	
  52493.000058 

  and

  52493.000175

  
	
  85FA-00110

  	
   

  	
  52493.000046 

  and

  52493.000191

  

 

16

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00111

  	
   

  	
  52493.000056

  
	
  85FA-00112

  	
   

  	
  52493.000183

  
	
  85FA-00113

  	
   

  	
  52493.000060

  
	
  85FA-00114

  	
   

  	
  52493.000063 

  and

  52493.000188

  
	
  85FA-00115

  	
   

  	
  52493.000061

  
	
  85FA-00116

  	
   

  	
  52493.000059 

  and

  52493.000220

  
	
  85FA-00117

  	
   

  	
  52493.000057

  
	
  85FA-00118

  	
   

  	
  52493.000130

  
	
  85FA-00119

  	
   

  	
  52493.000062

  
	
  85FA-00120

  	
   

  	
  52493.000068

  
	
  85FA-00121

  	
   

  	
  52493.000054 

  and

  52493.000244

  
	
  85FA-00123

  	
   

  	
  52493.000045

  
	
  85FA-00124

  	
   

  	
  52493.000048 

  and

  52493.000217

  
	
  85FA-00125

  	
   

  	
  52493.000047

  
	
  85FA-00126

  	
   

  	
  52493.000053

  
	
  85FA-00127

  	
   

  	
  52493.000050

  
	
  85FA-00128

  	
   

  	
  52493.000067

  
	
  85FA-00129

  	
   

  	
  52493.000066

  
	
  85FA-00130

  	
   

  	
  52493.000075 

  and

  52493.000116

  

 

17

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00132

  	
   

  	
  File # available

  
	
   

  	
   

  	
   

  
	
  85FA-00134

  	
   

  	
  52493.000124 

  and

  52493.000235

  
	
  85FA-00135

  	
   

  	
  52493.000070

  
	
  85FA-00136

  	
   

  	
  52493.000072

  
	
  85FA-00137

  	
   

  	
  52493.000073 

  and

  52493.000189

  
	
  85FA-00138

  	
   

  	
  52493.000076 

  and

  52493.000197

  
	
  85FA-00139

  	
   

  	
  52493.000080

  
	
  85FA-00140

  	
   

  	
  52493.000084

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  85FA-00145

  	
   

  	
  52493.000085 

  and

  52493.000201

  
	
  85FA-00146

  	
   

  	
  52493.000086

  
	
  85FA-00147

  	
   

  	
  52493.000087 

  and

  52493.000186

  
	
  85FA-00148

  	
   

  	
  52493.000091 

  and

  52493.000222

  
	
  85FA-00149

  	
   

  	
  52493.000090

  and

  52493.000225

  

 

18

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00150

  	
   

  	
  52493.000089

  
	
  85FA-00151

  	
   

  	
  52493.000093 

  and

  52493.000212

  
	
  85FA-00152

  	
   

  	
  52493.000095

  
	
  85FA-00153

  	
   

  	
  52493.000096

  
	
  85FA-00154

  	
   

  	
  52493.000221

  
	
  85FA-00155

  	
   

  	
  52493.000099 

  and

  52493.000266

  
	
  85FA-00156

  	
   

  	
  52493.000101 

  and

  52493.000196

  
	
  85FA-00157

  	
   

  	
  52493.000114 

  and

  52493.000193 

  and

  52493.000102

  
	
  85FA-00158

  	
   

  	
  52493.000100

  
	
  85FA-00159

  	
   

  	
  52493.000103

  
	
  85FA-00160

  	
   

  	
  52493.000104 

  and

  52493.000215

  
	
  85FA-00161

  	
   

  	
  File # available

  
	
  85FA-00162

  	
   

  	
  52493.000105

  
	
  85FA-00163

  	
   

  	
  52493.000107 

  and

  52493.000275

  

 

19

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00164

  	
   

  	
  52493.000108

  
	
  85FA-00165

  	
   

  	
  52493.000109

  
	
  85FA-00166

  	
   

  	
  52493.000110

  
	
  85FA-00167

  	
   

  	
  52493.000111

  
	
  85FA-00168

  	
   

  	
  52493.000112 

  and

  52493.000246

  
	
  85FA-00169

  	
   

  	
  File # available

  
	
  85FA-00170

  	
   

  	
  52493.000121 

  and

  52493.000202

  
	
  85FA-00171

  	
   

  	
  52493.000123 

  and

  52493.000338

  
	
  85FA-00172

  	
   

  	
  52493.000119

  
	
  85FA-00173

  	
   

  	
  52493.000129 

  and

  52493.000243

  
	
  85FA-00174

  	
   

  	
  52493.00128

  
	
  85FA-00175

  	
   

  	
  52493.000127 

  and

  52493.000257

  
	
  85FA-00176

  	
   

  	
  52493.000125

  
	
  85FA-00177

  	
   

  	
  52493.000139 

  and

  52493.000224

  
	
  85FA-00178

  	
   

  	
  52493.000145

  
	
  85FA-00179

  	
   

  	
  52493.000135

  
	
  85FA-00180

  	
   

  	
  52493.000131

  

 

20

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00181

  	
   

  	
  52493.000134

  
	
  85FA-00182

  	
   

  	
  52493.000136 

  and

  52493.000242

  
	
  85FA-00183

  	
   

  	
  52493.000143

  
	
  85FA-00184

  	
   

  	
  52493.000138

  
	
  85FA-00185

  	
   

  	
  52493.000141

  
	
  85FA-00186

  	
   

  	
  52493.000142

  
	
  85FA-00187

  	
   

  	
  52493.000163 

  and

  52493.000321

  
	
  85FA-00188

  	
   

  	
  File # available

  
	
  85FA-00189

  	
   

  	
  52493.000133 

  and

  52493.000270

  
	
  85FA-00190

  	
   

  	
  52493.000152 

  and

  52493.000256

  
	
  85FA-00191

  	
   

  	
  52493.000151 

  and

  52493.000274

  
	
  85FA-00192

  	
   

  	
  52493.000155 

  and

  52493.000255

  
	
  85FA-00193

  	
   

  	
  52493.000156 

  and

  52493.000278 

  and
52493.000337

  

 

21

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00194

  	
   

  	
  52493.000157 

  and

  52493.000273

  
	
  85FA-00195

  	
   

  	
  52493.000164

  
	
  85FA-00196

  	
   

  	
  52493.000165 

  and

  52493.000247

  
	
  85FA-00197

  	
   

  	
  52493.000166 

  and

  52493.000265

  
	
  85FA-00198

  	
   

  	
  52493.000162

  
	
  85FA-00199

  	
   

  	
  52493.000233

  
	
  85FA-00200

  	
   

  	
  52493.000229

  
	
  85FA-00201

  	
   

  	
  52493.000185

  
	
  85FA-00202

  	
   

  	
  52493.000234

  
	
  85FA-00203

  	
   

  	
  52493.000237

  
	
  85FA-00204

  	
   

  	
  52493.000238

  
	
  85FA-00205

  	
   

  	
  52493.000239

  
	
  85FA-00206

  	
   

  	
  52493.000161

  
	
  85FA-00207

  	
   

  	
  52493.000168 

  and

  52493.000282

  
	
  85FA-00208

  	
   

  	
  52493.000171 

  and

  52493.000286

  
	
  85FA-00209

  	
   

  	
  52493.000264 

  and

  52493.000172 

  and

  52493.000304

  and

  52493.000343

  

 

22

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00210

  	
   

  	
  File # available

  
	
  85FA-00211

  	
   

  	
  File # available

  
	
  85FA-00212

  	
   

  	
  52493.000176 

  and
52493.000299

  
	
  85FA-00213

  	
   

  	
  52493.000179

  
	
  85FA-00214

  	
   

  	
  52493.000187

  
	
  85FA-00215

  	
   

  	
  52493.000199

  
	
  85FA-00216

  	
   

  	
  52493.000208

  
	
  85FA-00217

  	
   

  	
  52493.000205

  
	
  85FA-00218

  	
   

  	
  52493.000204

  
	
  85FA-00219

  	
   

  	
  52493.000231

  
	
  85FA-00220

  	
   

  	
  52493.000230

  
	
  85FA-00221

  	
   

  	
  52493.000261

  
	
  85FA-00222

  	
   

  	
  52493.000251 

  and

  52493.000328

  
	
  85FA-00223

  	
   

  	
  52493.000252

  
	
  85FA-00224

  	
   

  	
  52493.000253

  
	
  85FA-00225

  	
   

  	
  52493.000260

  
	
  85FA-00226

  	
   

  	
  52493.000262

  
	
  85FA-00227

  	
   

  	
  52493.000277

  
	
  85FA-00228

  	
   

  	
  52493.000281

  
	
  85FA-00229

  	
   

  	
  52493.000302

  
	
  85FA-00230

  	
   

  	
  52493.000301

  
	
  85FA-00231

  	
   

  	
  52493.000297

  
	
  85FA-00232

  	
   

  	
  52493.000296

  

 

23

 

	
  GE Docket
  Number

  	
   

  	
  H&W File No.

  
	
  85FA-00233

  	
   

  	
  52493.000295

  
	
  85FA-00234

  	
   

  	
  52493.000303

  
	
  85FA-00235

  	
   

  	
  52493.000298

  
	
  85FA-00236

  	
   

  	
  52493.000300

  
	
  85FA-00237

  	
   

  	
  File # available

  
	
  85FA-00238

  	
   

  	
  52493.000328

  
	
   

  	
   

  	
   

  
	
  85FA-00241

  	
   

  	
  52493.000203 

  and

  52493.000339

  
	
   

  	
   

  	
   

  
	
  85FA-00243

  	
   

  	
  File # available

  
	
  85FA-00244

  (US  85FA-00106)

  	
   

  	
  52493.000170

  (US .000040)

  
	
  85FA-00245

  	
   

  	
  52493.000308

  
	
  85FA-00246

  	
   

  	
  52493.000309

  
	
  85FA-00247

  	
   

  	
  52493.000311

  
	
  85FA-00248

  	
   

  	
  52493.000312

  
	
  85FA-00249

  	
   

  	
  52493.000160

  
	
  85FA-00250

  129271

  RD 30958

  	
   

  	
  52493.000310

  
	
  85FA-00250

  	
   

  	
  52493.000313

  
	
   

  	
   

  	
   

  
	
  85FA-00252

  	
   

  	
  52493.000258

  
	
  85FA-00253

  	
   

  	
  52493.000346

  
	
  85FA-00254

  	
   

  	
  52493.000344

  
	
  Assigned to Genworth

  	
   

  	
  52493.000349

  

 

24

 

Schedule 2.2(a)(ii)(B)

 

Capital
Stock of GE Subsidiaries

 

American Agriculturist Services, Inc.

American Mayflower Life Insurance Company of New York

Assigned Settlement, Inc.

Assocred S.A.(1)

Brookfield Life Assurance Company Limited

California Benefits Dental Plan

Capital Brokerage Corporation

Centurion Capital Group Inc.

Centurion Financial Advisers Inc.

Centurion-Hesse Investment Management Corp.

Centurion-Hinds Investment Management Corp.

CFI Administrators Limited(2)

CFI Pension Trustees Limited (2)

Consolidated Insurance Group Limited (3)

Dental Holdings, Inc.

Ennington Properties Limited (2)

Federal Home Life Insurance Company

Fee For Service, Inc.

FFRL of New Mexico, Inc.

FFRL Re Corp.

FIG Ireland Limited (2)

Financial Insurance Company Limited (3)

Financial Insurance Group Services Limited (2)

Financial Insurance Guernsey PCC Limited (4)

Financial New Life Company Limited (5)

First Colony Life Insurance Company

Forth Financial Resources Insurance Agency of Massachusetts, Inc.

Forth Financial Resources of Alabama, Inc.

Forth Financial Resources (Hawaii), Ltd.

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

Forth Financial Resources of Texas, Inc.(7)

GE Capital Life Assurance Company of New York

GE Capital Mortgage Insurance Company (Canada) (8)

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

GE Financial Assurance Mortgage Funding Corporation

 

(1)          transferred to GEFAHI or
one of its subsidiaries on May 18, 2004

(2)          transferred to GEFAHI or
one of its subsidiaries on May 20, 2004 

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

(4)          transferred to GEFAHI or one of its
subsidiaries on May 19, 2004

(5)          transferred to GEFAHI or one of its
subsidiaries on March 25, 2004

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

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

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

 

 

1

 

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

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

GE Financial Trust Company

GE Group Administrators, Inc.

GE Group Life Assurance Company

GE Group Retirement, Inc.

GE Life and Annuity Assurance Company

GEMIC Holdings Company

GE Mortgage Contract Services, Inc.

GE Mortgage Holdings, LLC

GE Mortgage Insurance (Guernsey) Limited (9)

GE Mortgage Insurance Co. Pty. Ltd.

GE Mortgage Insurance Finance Holdings Pty Ltd.

GE Mortgage Insurance Finance Pty Ltd.

GE Mortgage Insurance Holdings Pty Ltd.

GE Mortgage Insurance Limited(9)

GE Mortgage Reinsurance Corporation of North Carolina

GE Mortgage Services Limited

GE Mortgage Solutions Limited

GE Private Asset Management, Inc.

GE Residential Mortgage Insurance Corporation of North Carolina

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

GEFA International Holdings, Inc.

GEFA Special Purpose Five, LLC

GEFA Special Purpose Four, LLC

GEFA Special Purpose One, LLC

GEFA Special Purpose Six, LLC

GEFA Special Purpose Three, LLC

GEFA Special Purpose Two, LLC

GEFA UK Finance Limited

GEFA UK Holdings Limited

General Electric Capital Assurance Company

General Electric Home Equity Insurance Corporation of North Carolina

General Electric Mortgage Insurance Corporation

General Electric Mortgage Insurance Corporation of North Carolina

Genworth Financial Asset Management, LLC

GFCM LLC

GNA Corporation

GNA Distributors, Inc.

HGI Annuity Service Corporation

Hochman & Baker, Inc.

Hochman & Baker Insurance Services, Inc.

Hochman & Baker Investment Advisory Services, Inc.

Hochman & Baker Securities, Inc.

IFN Insurance Agency, Inc.

Jamestown Life Insurance Company

LTC, Incorporated

 

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

 

2

 

Mayflower Assignment Corporation

Newco Properties, Inc.

Private Residential Mortgage Insurance Corporation

Professional Insurance Company

RD Plus S.A.(1)

River Lake Insurance Company

Security Funding Corporation

Sponsored Captive Re, Inc.

Terra Financial Planning Group, Ltd.

Terra Securities Corporation

The Terra Financial Companies, Ltd.

UK Group Holding Company Limited

United Pacific Structured Settlement Company

Verex Assurance, Inc.

Viking Insurance Company, Ltd.(10)

WorldCover Direct Limited (11)

 

(10)         transferred
to GEFAHI on
                      

(11)         transferred
to GEFAHI or one of its subsidiaries on May 20, 2004

 

3

 

Schedule 2.2(a)(ii)(C)

 

Capital
Stock GE Affiliates

 

 

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

 

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

 

 

1

 

Schedule 2.2(b)(i)

 

Excluded
Assets

 

1.     Any
cash and cash equivalents held by GEFAHI at the Closing.

 

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

 

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

 

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

 

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

 

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

 

7.     All capital stock in the
following companies:

 

•      AEC Signature Industries
Limited

•      Champion General Agency,
Inc.

•      Credit Card Sentinel, Inc.

•      GE Capital Insurance Agency,
Inc. and its Subsidiaries

•      GE Dental & Vision

•      GE Administraco de Garantias e Participacoes
Ltda.

•      GE Administraco de Garantias do Brasil Ltda.

•      GE Asset Management Co.,
Ltd.

•      GE Investment Distributors,
Inc.

•      GE Motor Club of California,
Inc.

•      GE Motor Club, Inc.

•      GE Retirement Services, Inc.

•      GEFA Subsidiary I, Inc.

•      Genworth Financial, Inc.

•      Heritage Casualty Insurance
Company

•      National Dental Service,
Inc.

 

 

1

 

•      Ocoma Industries, Inc.

•      SCI Laborde

•      Scrip Plus

•      Signature Agency, Inc.

•      Signature
Financial/Marketing, Inc.

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

•      Signature’s Nationwide Auto
Club, Inc.

•      Union Fidelity Life
Insurance Company

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

 

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

 

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

 

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

 

11.   The software fixed asset
balances including but not limited to those identified on GEFAHI’s stand-alone
balance sheet as of March 31, 2004 that relate solely to the business of the GE
Asset Management Marketing & Client Service business segment (fka and aka
Asset Management Services or AMS), including but not limited to the following
software systems and/or websites, STARS, STACI, CRM, Client Reporting and
geassetmanagement.com and related websites. 
Generally such software fixed asset balances are included in the
following GEFAHI general ledger accounts for site 10:  171951, 171952, 171953, 171954, 172951, 172952, 172953, 172954.

 

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

 

13.   Proceeds from the liquidation
of GE Edison Systems.

 

14.   The intellectual property
listed on Exhibit 1 to Schedule 2.2(b)(i) hereto.

 

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

 

2

 

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

 

•      Intercompany receivables from members of the GE Group, including the
following receivables from members of the GE Group: [182122 (Due from Heritage
Insurance Group, Inc.), 182124 (Due from Westwood Warranty Corp.), 182214 (Due
from Heritage Insurance Company), 182215 (Due from UFLIC), 182218 (Due from
Heritage Indemnity), 182220 (Due from Heritage Casualty Insurance Company),
182222 (Due from WWIC), 182416(Due from GEID), 182435 (Due from Ocoma
Industries.), 182442 (Due from GE Motor Club, Inc.), 182443 (Due from GE Dental
& Vision), 182444 (Due from National Dental Services), 182456 (Due from
Signature Nationwide Auto) 182457 (Due from Signature Agency, Inc.), 182621
(Due from Business Share), 182625 (Due from GE Capital Administrative
Services), 182626 (Due from GE Capital Warranty Corp.), 182627 (Due from
Heritage Mechanical Breakdown), 182628 (Due from GE Capital Management Corp.),
182629 (Due from GE4C, Inc.), 182431( Due from Monogram General Agency of FL),
182224 (Due from Westwood Life Insurance Co.), 182434 (Due from Signature
Financial/Marketing), 182449 (Due from Credit Card Sentinel), 182163 (Due from
Cap Corp COTUSD), 182166 (Due from GEFAHI COTUSD), 182105 (Due from GELCO)

•      Series A Preferred stock of GE Asset Management Incorporated  [111151]

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

•      Shares (and any proceeds
from the disposition thereof prior to the Closing Date) in any of the GE mutual
funds, including shares of GE Funds Premier Value Equity Fund (Classes A, B, C
and Y) [111251, 111252, 111254, 111256,
111280, 111281, 111282, 111283, 111276] held by GEFAHI.

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

•      Mikron Holdings AG Fixed Income Securities [110451]

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

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

 

3

 

Exhibit 1 to Schedule 2.2(b)(i)

 

 

EXCLUDED
INTELLECTUAL PROPERTY ASSETS

 

 

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

 

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

 

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

 

(iii)

 

	
  ge-advisors.co.uk

  
	
  geca-emprunteur.fr

  
	
  geca.fr

  
	
  gecapital-assurances.fr

  
	
  gecapitalassurances.tm.fr

  
	
  gecas.co.uk

  
	
  ge-direct.co.uk

  
	
  geequityrelease.co.uk

  
	
  gefa.co.uk

  
	
  gefacl.co.uk

  
	
  ge-facl.co.uk

  
	
  gefi.ch

  
	
  gefi.co.uk

  
	
  gefi.es

  
	
  gefi.ie

  
	
  gefi.nl

  
	
  gefi.no

  
	
  gefi.pt

  
	
  gefideutschland.de

  
	
  gefi-deutschland.de

  

 

4

 

	
  gefieurope.co.uk

  
	
  gefi-ireland.ie

  
	
  gefiitalia.it

  
	
  gefinancialassurance.co.uk

  
	
  gefinancialeurope.co.uk

  
	
  gefinancialinsurance.ch

  
	
  gefinancialinsurance.co.uk

  
	
  gefinancialinsurance.de

  
	
  gefinancialinsurance.nl

  
	
  gefinederland.nl

  
	
  ge-i.co.uk

  
	
  geifa.co.uk

  
	
  ge-ifa.co.uk

  
	
  geih.co.uk

  
	
  ge-ih.co.uk

  
	
  geinsurance.co.uk

  
	
  geinsuranceholdings.co.uk

  
	
  geinsuranceservices.co.uk

  
	
  ge-is.co.uk

  
	
  gelife.co.uk

  
	
  ge-life.co.uk

  
	
  gelifeinvestment.co.uk

  
	
  generalelectricinsurance holdings.co.uk

  
	
  gepensions.co.uk

  
	
  ge-travel-insurance.co.uk

  
	
  ge-travelinsurance-services.co.uk

  
	
  gevakuutus.fi

  

 

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

 

5

 

Schedule 2.2(b)(ii)

 

Excluded
Contracts

 

 

1.             Those contracts and
arrangements listed in Schedule 1.1(b) that are not being assigned to
Genworth.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

1

 

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

 

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

 

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

 

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

 

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

 

5.             Real property
agreements that relate to the GE Asset Management Marketing & Client Service
business segment including but not limited to:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

9.             The agreements listed
on Annex C (GE Europe)

 

2

 

Annex A

 

Schedule 2.2(b)(ii)

to

Master Agreement

(Ops & Sourcing)

 

Section A (Complete Transfer):

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

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

  	
   

  	
  9/1/2003

  	
   

  	
  Pitney
  Bowes Inc.

  	
   

  	
  GNAC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

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

  	
   

  	
  Undated

  	
   

  	
  Transaction
  Applications Group, Inc.

  	
   

  	
  GNAC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  SOW,
  Stanford Receptionist Services-Genworth retains Master Services Agreement

  	
   

  	
  11/21/2003

  	
   

  	
  Pitney
  Bowes

  	
   

  	
  GNA

  

 

Section B: GE owns Master, split

 

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

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  16.

  	
   

  	
  Variation
  Agreement

  	
   

  	
  12/19/2003

  	
   

  	
  Experian
  Ltd (formerly CCN Group Ltd)

  	
   

  	
  GE
  Capital Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  3/5/2003

  	
   

  	
  FCL
  Graphics Incorporated

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  License
  Agreement Amendment

  	
   

  	
  8/31/2000

  	
   

  	
  FinanCenter,
  Inc. (“FinanCenter”)

  	
   

  	
  GEMICO

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.

  	
   

  	
  Quote
  and Linking Agreement

  	
   

  	
  9/9/1999

  	
   

  	
  FinancCenter,
  Inc.

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  Master
  Services Agreement

  	
   

  	
  7/3/2003

  	
   

  	
  Kelly
  Services, Inc.

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.

  	
   

  	
  Noosh,
  Inc. Print Buyer Agreement

  	
   

  	
  12/31/2003

  	
   

  	
  Noosh,
  Inc.

  	
   

  	
  GNA
  Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.

  	
   

  	
  Master
  Professional Printing Services Agreement

  	
   

  	
  8/30/2002

  	
   

  	
  Service
  Envelope Corporation

  	
   

  	
  GEFAHI

  

 

3

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  23.

  	
   

  	
  Agreement
  for Purchase of Products

  	
   

  	
  4/16/2001

  	
   

  	
  Xerox
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24.

  	
   

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

  	
   

  	
  4/1/2001

  	
   

  	
  AT&T
  Corp.

  	
   

  	
  UFLIC,
  CPFIC, SA, CCS, GCDP & GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25.

  	
   

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

  	
   

  	
  5/30/2000

  	
   

  	
  Insurance
  Answer Center, Inc.

  	
   

  	
  GEFAHI

  

 

Section C: Genworth owns Master,
split

 

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

 

 

	
  No.

  	
   

  	
  Contract Name

  	
   

  	
  Agreement Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  7.

  	
   

  	
  Multipurpose
  Confidentiality Agreement

  	
   

  	
  4/14/2003

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

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

  	
   

  	
  12/12/2001

  	
   

  	
  The
  Wackenhut Corporation

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
   

  	
  On-Line
  Service Subscription Agreement

  	
   

  	
  12/27/2001

  	
   

  	
  OneSource
  Information Services, Inc.

  	
   

  	
  GEFAHI

  

 

4

 

Annex
B

 

Schedule
2.2(b)(ii)

Master
Agreement Schedules

(IT
documents)

 

Section B:
GE owns Master, split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
  1/1/2004

  	
   

  	
  TCS

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Patni
  Computer Systems LTD

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease/Rental Agreement

  	
   

  	
  2/10/1995

  	
   

  	
  Hewlett-Packard
  Company = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Satyam
  Computer Services

  	
   

  	
  General
  Electric International, Inc. (“GEII”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease Agreement

  	
   

  	
  Undated

  	
   

  	
  Sun
  Microsystems Finance = Lessor

  	
   

  	
  General
  Electric Company = Lessee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/25/2001

  	
   

  	
  Sun
  Microsystems, Inc. (“Sun”)

  	
   

  	
  General
  Electric Company = Licensee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Global Master Purchase/Service Agreement

  	
   

  	
  7/1/2003

  	
   

  	
  Avaya
  World Services, Inc. = Avaya

  	
   

  	
  General
  Electric Company = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lease Agreement

  	
   

  	
  2/28/1988

  	
   

  	
  AT&T
  Credit Corp.

  	
   

  	
  General
  Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  International Lease and Finance Agreement

  	
   

  	
  10/19/1999

  	
   

  	
  IBM
  Credit Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  9/20/1999

  	
   

  	
  Lotus
  Development Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Managed Network Solutions Agreement

  	
   

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

  	
   

  	
  AT&T Solutions (“AT&T”)

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  Undated

  	
   

  	
  AT&T
  Corp. (“AT&T”)

  	
   

  	
  General
  Electric Company (“Company”)

  

 

5

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  AT&T Wireless Services National
  Accounts Agreement

  	
   

  	
  7/24/1998

  	
   

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

  	
   

  	
  General
  Electric Company (“Customer”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  a. National Cellular Agreement

  b. and c. Application for Service

  	
   

  	
  a. 1/24/2000

  b. and c. Undated

  	
   

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

  b. and c. Verizon

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Purchase, License and Service Agreement

  	
   

  	
  3/23/1995

  	
   

  	
  FileNet
  Corporation (“FileNet”)

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Software License and Installation
  Agreement

  	
   

  	
  3/21/1997

  	
   

  	
  Pegasystems
  Inc. (“Pega”)

  	
   

  	
  GE
  Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Recovery Services Agreement and all
  schedules

  	
   

  	
  7/1/1997

  	
   

  	
  SunGard
  Recovery Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement No. 131362 For
  Distributed Systems Software

  	
   

  	
  3/30/2001

  	
   

  	
  Compuware
  Corporation (“Compuware”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  Undated

  	
   

  	
  Siebel
  Systems, Inc. (“Siebel”)

  	
   

  	
  GE
  Capital Services, Inc.  = Customer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Agreement

  	
   

  	
  Undated

  	
   

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

  	
   

  	
  General
  Electric Corporation (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sprint PCS Premier Account Term Service Agreement (Version 11.99)

  	
   

  	
  1/17/2000

  	
   

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

  	
   

  	
  General Electric Company
  (“GE Co.”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  10/1/2002

  	
   

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

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  VPNterprise Communications Services
  Agreement

  	
   

  	
  5/1/2003

  	
   

  	
  Fiberlink
  Communications Corporation

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
   

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Basic Ordering Agreement

  	
   

  	
  1/30/1992

  	
   

  	
  Cisco
  Systems, Inc. (“Cisco”)

  	
   

  	
  General
  Electric Co.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement for Open System Products

  	
   

  	
  12/31/1998

  	
   

  	
  BMC
  Software Distribution, Inc. (“BMC”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  General Electric License to Use Informatica
  Software

  	
   

  	
  No date provided

  	
   

  	
  Informatica
  Corporation (“Informatica”)

  	
   

  	
  General
  Electric Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Perpetual License Agreement for Computer
  Software Products

  	
   

  	
  3/27/1985

  	
   

  	
  Computer
  Network Corporation (“CNC”)

  	
   

  	
  General
  Electric Credit Corporation [now General Electric Capital Corporation]

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Settlement and Release Agreement

  	
   

  	
  12/28/1998

  	
   

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

  	
   

  	
  General
  Electric Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  First Amended and Restated Enterprise
  License Agreement

  	
   

  	
  7/1/2001

  	
   

  	
  Computer
  Associates International, Inc.

  	
   

  	
  General
  Electric Company

  

 

6

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Trillium Software System License and
  Professional Services Agreement

  	
   

  	
  7/19/19999

  	
   

  	
  Harte
  Hanks Data Technologies

  	
   

  	
  GE
  Capital Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  6/19/2000

  	
   

  	
  Business
  Objects Americas

  	
   

  	
  GE
  Capital Services Inc

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  8/1/1998

  	
   

  	
  AppWorx
  Corporation

  	
   

  	
  General
  Electric Corp

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-EMC Master Global Procurement Agreement

  	
   

  	
  11/16/2001

  	
   

  	
  EMC
  Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Wide Area Networking Services
  Agreement

  	
   

  	
  6/4/2002

  	
   

  	
  Broadwing
  Communications Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Contract Service Arrangement
  Agreement

  	
   

  	
  9/19/2000

  	
   

  	
  BellSouth
  Telecommunications, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License and Services Agreement

  	
   

  	
  5/31/2002

  	
   

  	
  Oracle
  Corporation

  	
   

  	
  a.
  General Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Microsoft/GE License Agreement

  	
   

  	
  2/1/2000

  	
   

  	
  MSLI,
  GP

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement Renewal Addendum

  	
   

  	
  7/27/2002

  	
   

  	
  Citrix
  Systems Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Enterprise License Agreement

  	
   

  	
  11/10/2000

  	
   

  	
  Courion
  Corporation (“Courion”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  Undated (The license agreement is effective upon
  acceptance.)

  	
   

  	
  Attachmate

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  12/28/1998

  	
   

  	
  Internet
  Security Systems, Inc. (“ISS”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  8/2/1999

  	
   

  	
  Netegrity,
  Inc. (“Netegrity”)

  	
   

  	
  General
  Electric Company (“GE”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Information Technology Services Agreement
  and Predecessor Agreements

  	
   

  	
   

  	
   

  	
  Birlasoft

  	
   

  	
  General
  Electric International

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lasercycle Supply Agreement

  	
   

  	
  7/28/2000

  	
   

  	
  LASERCYCLE
  INKCYCLE

  	
   

  	
  GE
  Capital Corporation  GEMICO

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appropriation Request

  	
   

  	
  7/16/2003

  	
   

  	
  GXS

  	
   

  	
  GE
  Capital Mortgage (GE Mortgage Holdings, LLC)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Advanced Server and Services Agreement

  	
   

  	
   

  	
   

  	
  Red
  Hat, Inc.

  	
   

  	
  General
  Electric Global Computer Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Custom International Customer Support
  Program Agreement

  	
   

  	
  2/1/1997

  	
   

  	
  SunService
  Division, Sun Microsystems, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Technology Services Agreement

  	
   

  	
   

  	
   

  	
  International
  Business Machines Corporation (“IBM”)

  	
   

  	
  GE
  Capital Corp.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Agreement for Call Center Quality
  Monitoring Systems

  	
   

  	
  8/18/1999

  	
   

  	
  Teknekron
  Infoswitch Corp

  	
   

  	
  GE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  U.S. Corporate End User License Agreement

  	
   

  	
  1/31/2003

  	
   

  	
  Network
  Associates, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  GE
  Information Services, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Addendum to Software License Agreement

  	
   

  	
  12/26/2001

  	
   

  	
  Global
  eXchange Services Canada, Inc.

  	
   

  	
  GE
  Capital Mortgage Insurance Company (Canada) (“GECMICAN”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Electronic Commerce Services Agreement

  	
   

  	
  6/28/2002

  	
   

  	
  Global
  eXchange Services Canada, Inc.

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Canon Copier Agreement

  	
   

  	
  5/11/2001

  	
   

  	
  Canon
  U.S.A., Inc.

  	
   

  	
  General
  Electric Corporation

  

 

7

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

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

  	
   

  	
  1/1/2001

  	
   

  	
  Ricoh
  Corporation

  	
   

  	
  GE
  Company Corporate Initiatives Group

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE-Compaq Master Purchase and Services
  Agreement

  	
   

  	
  5/21/2002

  	
   

  	
  Compaq
  Computer Corporation

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master License Agreement

  	
   

  	
  11/00/1999

  	
   

  	
  Broadvision
  Inc

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Agreement for Data Imaging Services

  	
   

  	
   

  	
   

  	
  Anacomp,
  Inc.

  	
   

  	
  GE
  Capital

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Network Services Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Analytics
  Technology Corporation (“ATC”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software Licensing Agreement - Yield Book

  	
   

  	
  1/16/1995

  	
   

  	
  Salomon
  Brothers Inc (“Salomon”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

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

  	
   

  	
  6/1/2003

  	
   

  	
  Standard
  & Poor’s (“S&P”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Moody’s KMV Subscription Agreement

  	
   

  	
  2/1/2003

  	
   

  	
  Moody’s
  KMV Company (“Moody’s”)

  	
   

  	
  General
  Electric Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  System License Agreement Bondedge for
  Windows, Enterprise Edition

  	
   

  	
  6/14/1999

  	
   

  	
  Capital
  Management Sciences (“CMS”)

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Leasing Agreement(4)

  	
   

  	
  11/21/2003

  	
   

  	
  Sun
  Microsystems Finance

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #145083

  	
   

  	
  8/24/1995

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bloomberg Agreement #107247

  	
   

  	
  8/19/1994

  	
   

  	
  Bloomberg
  L.P.

  	
   

  	
  GEAM

  

 

Section C:
Genworth owns Master, split

 

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

 

	
  Contract
  Name

  	
   

  	
  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  Master Lease Agreement

  	
   

  	
  10/20/2000

  	
   

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

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Master Lease Agreement

  	
   

  	
  8/26/2003

  	
   

  	
  Comsource,
  Inc. (“Comsource”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GEFAHI Master Lease Agreement

  	
   

  	
  EMC Corporation

  	
   

  	
  GEFAHI

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  License Agreement

  	
   

  	
  12/31/2001

  	
   

  	
  Classic
  Solutions Pty Limited (“Classic”)

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Mercury
  Interactive

  	
   

  	
  GEFAHI

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Software License Agreement

  	
   

  	
  No date provided

  	
   

  	
  Edify
  Corporation (“Edify”)

  	
   

  	
  GEFAHI
  (“Licensee”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Assignment Agreement

  	
   

  	
  4/24/2002

  	
   

  	
  Sterling
  Commerce / Connect Direct

  	
   

  	
  GEFAHI

  

 

(4) To be assigned post-Closing.

 

8

 

Annex C

 

Schedule 2.2(b)(ii)

Master Agreement

(GE Europe)

 

Section A (Complete Transfer):

 

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

 

	
  Item

  No

  	
   

  	
  Contract

  Name

  	
   

  	
  Contract

  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Catering & Allied Services Agreement

  	
   

  	
  Not yet signed but in force

  	
   

  	
  Avenance Limited

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Systems Support and Maintenance Agreement

  	
   

  	
  30/06/2003

  	
   

  	
  Bull Information Systems Limited

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Messaging Services and Software Agreement

  	
   

  	
  01/10/2002

  	
   

  	
  EasyLink Services UK Limited

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Software Licence & Support Agreement

  	
   

  	
  29/09/2000

  	
   

  	
  Thomson Financial Services Limited

  	
   

  	
  FIGSL

  

 

Section C (Genworth owns Master, split)

 

The GE Group shall continue to realise those
benefits under the FIGSL Vendor Agreements (as defined in the European
Transition Services Agreement) which it realised prior to the date hereof
pursuant to and on the terms of the European Transition Services Agreement,
including but not limited to the benefits realised prior to the date hereof
under the contracts set out below:

 

9

 

	
  Item

  No

  	
   

  	
  Contract

  Name

  	
   

  	
  Contract

  Date

  	
   

  	
  Vendor

  	
   

  	
  GE Party

  
	
  1.

  	
   

  	
  Subscriber Service Agreement

  	
   

  	
  17/07/2003

  	
   

  	
  Schlumberger SEMA

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Desk Top Support Agreement

  	
   

  	
  15/04/2004

  	
   

  	
  Computacenter

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Framework Agreement for Webhosting

  	
   

  	
  11/06/2002

  	
   

  	
  Cell Network Sverige AB

  	
   

  	
  FIGSL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Interim Help Desk
  Agreement

  	
   

  	
  04/2002

  	
   

  	
  GECIS

  	
   

  	
  FIGSL

  

 

10

 

Schedule 2.3(a)(i)

 

Genworth
Liabilities

 

1.             All
Liabilities of GEFAHI except Excluded Liabilities.

 

2.             all Liabilities of
Financial Assurance Company Limited, including those within the definitions of
Residual Assets, Residual Liabilities, Retained Insurances, Transferred Assets,
Transferring Liabilities, Transferring Contracts, Reinsurance Contracts (as
such terms are defined in the UK Transfer Plan (such Liabilities include the
Liabilities with respect to the FACL Bonds, a portion of which Liabilities may
be transferred later pursuant this Agreement at which time they would become
Excluded Liabilities)

 

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

 

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

 

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

 

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

 

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

 

8.             Liabilities
designated as Genworth Liabilities pursuant to Section 2.10(d)(v) or
2.10(e)(iv).

 

 

1

 

Schedule 2.3(b)(iv)

 

Excluded
Liabilities

 

 

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

 

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

 

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

 

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

 

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

 

6.     Any liability of GEFAHI as of
the Closing Date related solely to the business of the Investment Management
Marketing & Client Service business segment, including, without limitation,
trade payables, accrued commissions payable and accrued salaries, benefits and
bonuses.

 

 

1

 

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

 

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

 

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

 

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

 

•         Discount on
commercial paper - [237005]

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

2

 

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

 

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

 

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

 

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

 

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

 

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

 

10.   Tax component of liability
relating to business share arrangement between Viking and certain other GE
businesses relating to pre-2000 separate company tax liabilities of Viking, in
the amount of $65,654,899 (expected to be in account 260057).

 

11.   Any tax contingency reserve
recorded prior to Closing, relating to items properly reported on GEFAHI’s
separate company federal income tax return (expected to be $3,081,097 and be
recorded in account 260067).

 

12.   Liabilities designated as
Excluded Liabilities pursuant to Section 2.10(d)(iv) or 2.10(e)(iv).

 

3

 

Schedule 2.4(b)(ii)

 

Continuing
Agreements

 

 

1.             FACL Services
Agreement

 

2.             FICL Services
Agreement

 

3.             Framework Agreement

 

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

 

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

 

6.             The bills of sale,
stock powers, certificates of title, assignments and assumptions of contracts
and other instruments of transfer, conveyance, assignment and assumption
entered into prior to the Closing Date to effect the Separation as contemplated
by Schedule 2.1(a).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

1

 

7.     Letter agreement, dated April
15, 2004, among UFLIC, FHL, FCL and GELAAC relating to UFLIC’s determination of
reserve sufficiency.

 

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

 

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

 

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

 

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

 

	
  1.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  2.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  3.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  4.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  5.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  6.

  	
   

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

  

 

2

 

	
  7.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  8.

  	
   

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

  

 

IV.           Investment
Management/Services

 

	
  9.

  	
   

  	
  GE Funds Financial
  Intermediary Agreement, between Terra Securities Corporation and GE
  Investment Distributors, Inc.

  
	
   

  	
   

  	
   

  
	
  10.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  11.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  12.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  13.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  14.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  15.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  16.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  17.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  18.

  	
   

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

  

 

3

 

	
  19.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement
  among GECC, FCL and GECC dated December 1, 2003

  
	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  Master Agency, Servicing and Subordination Agreement
  among General Electric Capital Business Asset Funding Corporation, FCL and
  General Electric Capital Business Asset Funding Corporation dated October 7,
  2003

  
	
   

  	
   

  	
   

  
	
  21.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  22.

  	
   

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

  

 

 

V.            Administrative
Services 

 

	
  23.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  24.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  25.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  26.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  27.

  	
   

  	
  Services Agreement between UFLIC and GELAAC dated
  July 19, 1989

  
	
   

  	
   

  	
   

  
	
  28.

  	
   

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

  

 

VI.           Finance

 

	
  29.

  	
   

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

  

 

4

 

VII.          IT Services and
Outsourcing

 

	
  30.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  31.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  32.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  33.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  34.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  35.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  36.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002
  and Scope of Work effective October 1, 2002 between GE IT Solutions, Inc. and
  GECA

  
	
   

  	
   

  	
   

  
	
  37.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002
  and Scope of Work effective as of October 1, 2002, as amended, between GE IT
  Solutions, Inc. and GEGLAC (pursuant to the Master Managed Services
  Agreement)

  
	
   

  	
   

  	
   

  
	
  38.

  	
   

  	
  Acknowledgement of Agreement dated November 8, 2002
  and Scope of Work dated November 8, 2002 (effective October 1, 2002) between
  GE IT Solutions, Inc. and GELAAC as Customer (pursuant to the Master Managed
  Services Agreement)

  
	
   

  	
   

  	
   

  
	
  39.

  	
   

  	
  Consulting Agreement between GECA and GE IT
  Solutions, Inc. effective August 7, 2002

  
	
   

  	
   

  	
   

  
	
  40.

  	
   

  	
  GE CAPITAL ITS MASTER LEASE AGREEMENT between GE
  Capital Information Technology Solutions, Inc. and GECMICAN dated November
  19, 1999

  

 

5

 

	
  41.

  	
   

  	
  Loss Mitigation Optimizer License Agreement between
  GEMICO and GE Capital Mortgage Services, Inc. dated September 25, 2000

  

 

VIII.        Miscellaneous

 

	
  42.

  	
   

  	
  Group
  Long Term Care Insurance Policy dated July 1, 1999 issued by GECLANY to GE as
  group policyholder (New York area)

  
	
   

  	
   

  	
   

  
	
  43.

  	
   

  	
  Group
  Long Term Care Insurance Policy issued by GECA to GE as group policyholder
  (excluding New York area)

  
	
   

  	
   

  	
   

  
	
  44.

  	
   

  	
  Producer
  Credit Card Agreement between GEGLAC and GE Business Productivity Solutions,
  Inc.

  

 

IX.           European Affiliate
Agreements (GEMI Europe)

 

	
  45.

  	
   

  	
  Vehicles Lease, Management and Service Frame
  Agreement for Spain between GE Capital Largo Plazo, S.L. and GE Mortgage
  Insurance Limited (“GEMI”) dated May 1, 2002

  
	
   

  	
   

  	
   

  
	
  46.

  	
   

  	
  Amendment to Vehicles Lease, Management and Service
  Frame Agreement for Spain between GE Capital Largo Plazo, S.L., GEMI and GE
  International, Inc. dated June 1, 2002

  
	
   

  	
   

  	
   

  
	
  47.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for the
  UK between GE Mortgage Services Limited (“ServiceCo”) and GE dated February
  27, 2002

  
	
   

  	
   

  	
   

  
	
  48.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for
  Spain between GEMI and GE dated May 1, 2003

  
	
   

  	
   

  	
   

  
	
  49.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for the
  Netherlands between GEMI and GE dated June 1, 2003

  
	
   

  	
   

  	
   

  
	
  50.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for
  Belgium between GEMI and GE dated September 1, 2003

  
	
   

  	
   

  	
   

  
	
  51.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for
  Germany between GEMI and GE dated September 1, 2003

  
	
   

  	
   

  	
   

  
	
  52.

  	
   

  	
  Cost Agreement Employee Stock Purchase Plan for
  Italy between GEMI and GE dated September 1, 2003

  
	
   

  	
   

  	
   

  
	
  53.

  	
   

  	
  Master Conditional Sale Agreement between ServiceCo
  and GE Capital Fleet Services Limited (trading as Avis Fleet Services) dated
  March 31, 2000

  

 

6

 

	
  54.

  	
   

  	
  Car Lease Agreement for Italy between GEMI and GE
  Capital Servizi Finananziari S.P.A. dated February 21, 2002

  
	
   

  	
   

  	
   

  
	
  55.

  	
   

  	
  Amendment to the Car Lease Agreement for Italy
  between GEMI and GE Capital Servizi Finananziari S.P.A. (dated February 21,
  2002) dated July 18, 2002

  
	
   

  	
   

  	
   

  
	
  56.

  	
   

  	
  Car Lease Agreement for Italy between GEMI and GE
  Capital Services Srl dated October 1, 2003

  
	
   

  	
   

  	
   

  
	
  57.

  	
   

  	
  Work place lease agreement (“Vereinbarung zur
  Uberlassung von Arbeitsplatzen”) for Germany between GE Capital mietfinanz
  GmbH & Co. and GEMI dated August 14, 2003

  
	
   

  	
   

  	
   

  
	
  58.

  	
   

  	
  Property Lease agreement (sublease) for Sweden
  between International General Electric AB and GEMI dated February 1, 2004

  
	
   

  	
   

  	
   

  
	
  59.

  	
   

  	
  Lease Agreement for parking spaces for Sweden
  between International General Electric AB and GEMI dated February 1, 2004

  
	
   

  	
   

  	
   

  
	
  60.

  	
   

  	
  Lease/ license arrangement (oral) in France between
  GEMI and ERC

  
	
   

  	
   

  	
   

  
	
  61.

  	
   

  	
  Leasing arrangement (oral) in Belgium between a
  member of the GE Group and GEMI

  
	
   

  	
   

  	
   

  
	
  62.

  	
   

  	
  Leasing arrangement (oral) in Netherlands between GE
  Fleet and GEMI

  

 

X.            European Affiliate
Agreements (GE Financial Insurance)

 

	
  63.

  	
   

  	
  Agency Agreement dated July 23, 1997 between Pallas
  Industrial Finance, FICL and FACL.

  
	
   

  	
   

  	
   

  
	
  64.

  	
   

  	
  Agreement dated October 3, 2003 between GE Capital
  Equipment Finance, Vie Plus SA and RD Plus SA and any insurance policies
  referred to therein.

  
	
   

  	
   

  	
   

  
	
  65.

  	
   

  	
  Support Services Agreement dated July 2003 between
  GE Capital Global Process Solutions (UK) Limited and FIGSL and all statements
  of work entered into pursuant to this agreement

  
	
   

  	
   

  	
   

  
	
  66.

  	
   

  	
  All agreements between a member of the Genworth Group
  and GE Capital Fleet Avis relating to the leasing of cars and provision of
  related services

  
	
   

  	
   

  	
   

  
	
  67.

  	
   

  	
  Master Conditional Vehicle Sale Agreement between GE
  Capital Fleet Services Limited and FIGSL dated March 20, 1996

  
	
   

  	
   

  	
   

  
	
  68.

  	
   

  	
  Disposal Agreement between GE Capital Fleet Services
  Limited and FIGSL dated March 20, 1996

  

 

7

 

	
  69.

  	
   

  	
  Equity Compensation Cost
  Agreement between FIGSL and GE dated July 19, 2001

  
	
   

  	
   

  	
   

  
	
  70.

  	
   

  	
  Lease
  between Vie Plus and RD Plus S.A. for part of Floor 29, Tour Franklin,
  Terrasse Boieldieu, La Defense 8, Paris (Oral)

  
	
   

  	
   

  	
   

  
	
  71.

  	
   

  	
  Lease
  between GE Capital Bank and FICL for Park Allé 295, 2605 Brøndby, Denmark
  dated 05/08/2002

  
	
   

  	
   

  	
   

  
	
  72.

  	
   

  	
  Lease
  between GE Finland Oy and FACL for Malmin Kauppatie 18, Helsinki, Finland
  dated 10/08/01

  
	
   

  	
   

  	
   

  
	
  73.

  	
   

  	
  Lease
  between GE General Electric Finance Holding GmbH and GE Financial Insurance
  Deutschland for Martin-Behaim Str. 8-10, Neu-Isenberg, Germany dated 06/05/01

  
	
   

  	
   

  	
   

  
	
  74.

  	
   

  	
  Lease
  between GE Capital Woodchester Ltd and FIGSL for Woodchester House, Golden
  Lane, Dublin

  
	
   

  	
   

  	
   

  
	
  75.

  	
   

  	
  Lease
  between Access Graphecs BV, trade name GE Access and FIGSL for Dr Willem
  Dreesweg 6-8 1185 VB, Amstelveen, Netherlands dated February 2003

  
	
   

  	
   

  	
   

  
	
  76.

  	
   

  	
  Lease
  between GE Capital Fleet Services and GE Financial for Karenslyst alle 2,
  Oslo, Norway (oral)

  
	
   

  	
   

  	
   

  
	
  77.

  	
   

  	
  Leases
  between International General Electric GB and GE Financial Insurance Sweden
  for Nöten 3, Solna Strandväg 98, Sweden and parking space (2001)

  
	
   

  	
   

  	
   

  
	
  78.

  	
   

  	
  Lease
  between GE SF Structured Finance Int. Ltd and GE Financial Insurance for
  Thurgaueerstrasse 40, Zurich, Switzerland (pending)

  
	
   

  	
   

  	
   

  
	
  79.

  	
   

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

  
	
   

  	
   

  	
   

  
	
  80.

  	
   

  	
  Interim Helpdesk Services
  Agreement between GECIS and FIGSL dated April 2002 and Addendum dated 9th
  August 2002.

  
	
   

  	
   

  	
   

  
	
  81.

  	
   

  	
  All agreements and Services
  between a member of the Genworth Group and European Equipment Finance
  relating to provision of Servers (including but not limited to the VPN – 01
  service)

  
	
   

  	
   

  	
   

  
	
  82.

  	
   

  	
  Equity Compensation Cost
  Agreement between Vie Plus S.A. and GE as approved by the Board of Directors
  of Vie Plus S.A. on May 27, 2002.

  

 

8

 

	
  83.

  	
   

  	
  Deed of Novation between FIGSL and GE Asset
  Management Limited and GE Pensions Limited effective from 22 April 2004 and
  supplemental to an agreement dated 5 April 2002 made between FIGSL and GEPL
  for the provision of investment management services.

  
	
   

  	
   

  	
   

  
	
  84.

  	
   

  	
  Deed of Novation between FIGSL and GE Life Services
  Limited and GE Pensions Limited effective from the Closing Date and
  supplemental to an agreement dated 5 April 2002 made between FIGSL and GEPL
  for the provision of services.

  
	
   

  	
   

  	
   

  
	
  85.

  	
   

  	
  Services Agreement dated 5 April 2002 made between
  FIGSL and GEPL.

  
	
   

  	
   

  	
   

  
	
  86.

  	
   

  	
  Deed of Adherence between FIGSL and GE Capital
  Europe Limited and National Mutual Trustees Limited effective from 24 March
  2004 relating to the National Mutual Retirement Benefits Fund.

  
	
   

  	
   

  	
   

  
	
  87.

  	
   

  	
  Deed of Novation between FIGSL and GE Life Services
  Limited and National Mutual Trustees Limited effective from the Closing Date
  relating to the National Mutual Retirement Benefits Fund.

  
	
   

  	
   

  	
   

  
	
  88.

  	
   

  	
  Definitive Deed dated 16 November 1999 establishing
  and constituting a retirement benefits plan known as the National Mutual
  Retirement Benefits Fund and all subsequent amendments thereto

  

 

XI.           GE Mexico

 

	
  89.

  	
   

  	
  Vehicle Rental Agreement (a/k/a Fleet Services
  Agreement) between GE Capital Fleet Services de Mexico S.A. and GE Seguros
  S.A. de C.V. (formerly Colonial Penn de Mexico Compania de Seguros S.A.)
  dated May 4, 1999

  

 

 

XII.                      The
following agreements and acknowledgments involving a member of the GE Group and
a member of the Genworth Group:

 

1.             Bills
of Sale and Assignment Agreements dated as of April 15, 2004 entered into in
connection with the recapture agreements included in the UFLIC Agreements.

 

2.             Securities
Assignment and Receipt Agreements dated April 15, 2004 between GEFAHI and each
of FHL, GELAAC and GNA entered into in connection with the payment of dividends
to GEFAHI.

 

9

 

3.             Irrevocable
Stock Powers and Memorandum of Dividends dated April 15, 2004 executed in favor
of GEFAHI by each of FHL and GNA in connection with the dividend of the shares
of UFLIC to GEFAHI.

 

4.             Bills
of Sale and Assignment Agreements dated April 15, 2004 between GEFAHI and each
of JLIC and First Colony entered into in connection with the redemption of the
JLIC Surplus Notes held by GEFAHI and First Colony’s Series A preferred stock
held by GEFAHI.

 

5.             Receipts
dated April 15, 2004 and May         ,
2004 executed by GEFAHI acknowledging receipt of cash and securities in
connection with the redemption of the JLIC Surplus Notes held by GEFAHI and
First Colony’s Series A preferred stock held by GEFAHI.

 

6.             Agreements
and Plans of Liquidation dated April 14, 2004 between or among:  (i) GELAAC and its shareholders, GECA, FHL
and GEFAHI; (ii) FHL and its shareholders, GECA and GEFAHI; (iii) Brookfield
and its shareholder, GEFAHI; and (iv) GNA and its shareholder, GEFAHI.

 

10

 

Exhibit 1 to Schedule 2.4(b)(ii)

 

See attached spreadsheet

 

11

 

Exhibit
1 to Schedule 2.4(b)(ii)

 

Annual
Insurance Holding Company Statement

Listing
of Affiliate Reinsurance Agreements as of 12/31/03 - Exhibit C

 

	
   

  	
   

  	
  Ceding

  Registrant

  	
   

  	
  Assuming Party

  	
   

  	
  Type

  	
   

  	
  Agreement

  Eff. Date

  	
   

  	
  Amount in

  Force as of YE 03

  	
   

  	
  Reserve Credit

  Taken

  	
   

  	
  Unearned

  Premiums

  	
   

  	
  Premiums

  	
   

  	
  Paid

  Losses

  	
   

  	
  Upaid

  Losses

  	
   

  	
  ModCo Res.

  	
   

  
	
   

  	
   

  	
  Employers Reassurance Company (“ERC”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Employers Life Reinsurance Corporation
  (“ERC Life”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Westport Insurance Corporation (“WIC”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Viking Insurance Company, Ltd. (“Viking”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Westlake Insurance Company (“Westlake”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Westwood Indemnity Company (“Westwood”)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  AML/GECA/FCL/GELAAC/ GEGLAC / PIC

  	
   

  	
  Everest

  	
   

  	
  Life
  CAT XOL

  	
   

  	
  12/1/2003

  	
   

  	
  460,000,000,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  2,975,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC 
  (should be ERAC)

  	
   

  	
  YRT/i

  	
   

  	
  10/14/1974

  	
   

  	
  940,863

  	
   

  	
  25,545

  	
   

  	
   

  	
   

  	
  65,245

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC

  	
   

  	
  DIS/i

  	
   

  	
  5/1/1997

  	
   

  	
  0

  	
   

  	
  43,888

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  5/1/1997

  	
   

  	
  827,510,300

  	
   

  	
  15,474,385

  	
   

  	
   

  	
   

  	
  893,022

  	
   

  	
  32,160

  	
   

  	
  243,563

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  7/27/1990

  	
   

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC

  	
   

  	
  YRT/i

  	
   

  	
  10/1/1990

  	
   

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  5/1/1997

  	
   

  	
  426,899,380

  	
   

  	
  6,272,994

  	
   

  	
   

  	
   

  	
  1,502,590

  	
   

  	
  19,120

  	
   

  	
  155,563

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
  YRT/i

  	
   

  	
  3/1/1973

  	
   

  	
  486,399,416

  	
   

  	
  514,058

  	
   

  	
   

  	
   

  	
  3,335,866

  	
   

  	
  0

  	
   

  	
  2,170,748

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
  DIS/i

  	
   

  	
  3/1/1973

  	
   

  	
  0

  	
   

  	
  512,194

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
  ADB/I

  	
   

  	
  3/1/1973

  	
   

  	
   

  	
   

  	
  16,312

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AML

  	
   

  	
  FCL

  	
   

  	
  CO/i

  	
   

  	
   

  	
   

  	
  3/1/1973

  	
   

  	
  3,515,270,170

  	
   

  	
  20,927,261

  	
   

  	
   

  	
   

  	
  7,896,591

  	
   

  	
  Reported in YRT  3/1/73

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
  YRT/g

  	
   

  	
  3/1/1973

  	
   

  	
  302,529

  	
   

  	
  3,441

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
  YRT/i

  	
   

  	
  8/1/1984

  	
   

  	
  (amounts
  reported in 10/14/74 treaty line)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XX

  	
   

  	
  AML

  	
   

  	
  GECA

  	
   

  	
  CO/i

  	
   

  	
  1/1/2000

  	
   

  	
  3,751,689,940

  	
   

  	
  20,599,595

  	
   

  	
   

  	
   

  	
  5,839,715

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  GECA

  	
   

  	
  DIS/i

  	
   

  	
  1/1/2000

  	
   

  	
  0

  	
   

  	
  122,065

  	
   

  	
   

  	
   

  	
  (in
  Co/i figs below)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  GECA

  	
   

  	
  YRT/i

  	
   

  	
  10/1/2000

  	
   

  	
  24,354,919

  	
   

  	
  164,141

  	
   

  	
   

  	
   

  	
  51,872

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC Life

  	
   

  	
  YRT/i

  	
   

  	
  6/1/1993

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC Life

  	
   

  	
  CO/i

  	
   

  	
  9/1/1993

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC Life

  	
   

  	
  YRT/i

  	
   

  	
  1/1/1995

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC Life

  	
   

  	
  CO/i

  	
   

  	
  5/1/1997

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AML

  	
   

  	
  ERC Life

  	
   

  	
  YRT/I

  	
   

  	
  5/1/1997

  	
   

  	
  5,265,161

  	
   

  	
  18,263

  	
   

  	
   

  	
   

  	
  82,206

  	
   

  	
  11,200

  	
   

  	
  116,463

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  AML

  	
   

  	
  FCL

  	
   

  	
   

  	
   

  	
  07/24/03

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  BAYSIDE

  	
   

  	
  GEP&C

  	
   

  	
  CO

  	
   

  	
  4/1/00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  (303,000

  	
  )

  	
  1,276,000

  	
   

  	
  3,347,000

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEC

  	
   

  	
  GEP&C

  	
   

  	
  Excess
  Umbrella Liability

  	
   

  	
  7/1/1984

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  59,000

  	
   

  	
  219,000

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEC

  	
   

  	
  UFLIC

  	
   

  	
  Coinsurance
  - Ind A&H

  	
   

  	
  12/31/84

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEC

  	
   

  	
  ERC

  	
   

  	
  Facultative

  	
   

  	
  6/6/1905

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  2,081,000

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEC

  	
   

  	
  WIC

  	
   

  	
  Facultative

  	
   

  	
  7/1/1984

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  116,000

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEC

  	
   

  	
  GE Reinsurance Corp

  	
   

  	
  CAT
  & CAS. XOL Quota Share

  	
   

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  4,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEP&C

  	
   

  	
  ERC

  	
   

  	
  Facultative

  	
   

  	
  Not
  available

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  57,000

  	
   

  	
  822,000

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEP&C

  	
   

  	
  GE Reinsurance Corp

  	
   

  	
  CAT
  & CAS. XOL Quota Share

  	
   

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  111,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEP&C

  	
   

  	
  WIC

  	
   

  	
   

  	
   

  	
  Not
  available

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  5,000

  	
   

  	
  25,000

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEI

  	
   

  	
  GE Reinsurance Corp

  	
   

  	
  CAT
  & CAS. XOL Quota Share

  	
   

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  9,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  Brookfield Life Assurance Company Ltd

  	
   

  	
  CO/I

  	
   

  	
  1/1/2002

  	
   

  	
  43,719,132,310

  	
   

  	
  206,863,891

  	
   

  	
   

  	
   

  	
  69,052,947

  	
   

  	
  0

  	
   

  	
  3,265,573

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC/ERC Life Reins.Cor

  	
   

  	
  CO/i

  	
   

  	
  11/1/1995

  	
   

  	
  15,840,251,380

  	
   

  	
  42,686,496

  	
   

  	
   

  	
   

  	
  26,616,703

  	
   

  	
  4,767,071

  	
   

  	
  10,274,603

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC/ Frankona Life Re

  	
   

  	
  YRT/g

  	
   

  	
  2/1/1973

  	
   

  	
  732,490

  	
   

  	
  24,116

  	
   

  	
   

  	
   

  	
  40,903

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC/ERC Life Reins.Cor

  	
   

  	
  YRT/I

  	
   

  	
  11/1/1995

  	
   

  	
  4,108,484,503

  	
   

  	
  13,662,651

  	
   

  	
   

  	
   

  	
  8,171,533

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  YRT/i

  	
   

  	
  11/1/1967

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  YRT/i

  	
   

  	
  10/1/1990

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  7/27/1990

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  8/26/1996

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  JLIC

  	
   

  	
  CO/i

  	
   

  	
  12/9/1982

  	
   

  	
  6,126,915,020

  	
   

  	
  89,677,026

  	
   

  	
   

  	
   

  	
  15,001,991

  	
   

  	
  0

  	
   

  	
  13,941,903

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  JLIC

  	
   

  	
  YRT/i   S/B CO/i

  	
   

  	
  1/1/2001

  	
   

  	
  Shown
  above in 12/9/82 figures

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  Reported in Coins above

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  YRT/i/

  	
   

  	
  2/1/1973

  	
   

  	
  This
  is the YRT/g reported above.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  CO/i

  	
   

  	
  11/1/1992

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC

  	
   

  	
  ADB

  	
   

  	
  10/1/1993

  	
   

  	
  (amounts
  reported above)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  GECA

  	
   

  	
  CO/i

  	
   

  	
  1/1/2000

  	
   

  	
  65,806,198,100

  	
   

  	
  918,054,031

  	
   

  	
   

  	
   

  	
  116,036,568

  	
   

  	
  0

  	
   

  	
  10,801,570

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC Life American Phoenix

  	
   

  	
  CO/i

  	
   

  	
  10/1/1992

  	
   

  	
  Reported
  Below in 1/1/92

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC Life

  	
   

  	
  YRT/i

  	
   

  	
  6/1/1993

  	
   

  	
  378,747,251

  	
   

  	
  585,278

  	
   

  	
   

  	
   

  	
  1,472,631

  	
   

  	
  1,222,454

  	
   

  	
  4,681,162

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  ERC Life American Phoenix

  	
   

  	
  CO/i

  	
   

  	
  1/1/92
  but s/b5/24/1993

  	
   

  	
  8,100,803,710

  	
   

  	
  24,974,775

  	
   

  	
   

  	
   

  	
  13,456,727

  	
   

  	
  212,829

  	
   

  	
  1,826,066

  	
   

  	
   

  	
   

  

 

Due to
various accounting and financial reporting methods, a single agreement may be
listed more than once to reflect separate blocks of business.

The
agreement effective date in some cases, may reflect an amendment date.

 

 

12

 

	
   

  	
   

  	
  Ceding

  Registrant

  	
   

  	
  Assuming Party

  	
   

  	
  Type

  	
   

  	
  Agreement

  Eff. Date

  	
   

  	
  Amount in

  Force as of YE 03

  	
   

  	
  Reserve Credit

  Taken

  	
   

  	
  Unearned

  Premiums

  	
   

  	
  Premiums

  	
   

  	
  Paid

  Losses

  	
   

  	
  Upaid

  Losses

  	
   

  	
  ModCo Res.

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  GE Frankona Re formerly Aachener
  Ruckversicherungs-Gesellschaft

  	
   

  	
  CO/g

  	
   

  	
  1/1/1980

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  GE Frankona Re formerly Aachener
  Ruckversicherungs-Gesellschaft

  	
   

  	
  CO/i

  	
   

  	
  8/1/1979

  	
   

  	
  1,175,000

  	
   

  	
  11,984

  	
   

  	
   

  	
   

  	
  16,441

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FCL

  	
   

  	
  GE Frankona Re formerly Aachener
  Ruckversicherungs-Gesellschaft

  	
   

  	
  YRT/i

  	
   

  	
  8/1/1979

  	
   

  	
  24,276,784

  	
   

  	
  75,987

  	
   

  	
   

  	
   

  	
  303,550

  	
   

  	
  225,720

  	
   

  	
  50,971

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  FCL

  	
   

  	
  River Lake

  	
   

  	
   

  	
   

  	
  07/01/03

  	
   

  	
  59,531,673,650

  	
   

  	
  390,116,767

  	
   

  	
   

  	
   

  	
  110,036,329

  	
   

  	
  7,078,100

  	
   

  	
  5,897,280

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FHL - LTC

  	
   

  	
  GECA

  	
   

  	
  CO

  	
   

  	
  10/1/1998

  	
   

  	
   

  	
   

  	
  29,470,704

  	
   

  	
  1,702,639

  	
   

  	
  3,891,488

  	
   

  	
  0

  	
   

  	
  715,353

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FHL

  	
   

  	
  UFLIC

  	
   

  	
  CO/G

  	
   

  	
  1/1/1996

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FHL

  	
   

  	
  UFLIC

  	
   

  	
  CO/G

  	
   

  	
  1/1/1996

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  (38,926

  	
  )

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEAH

  	
   

  	
  GEP&C

  	
   

  	
  100%
  Quota Share (Auto)

  	
   

  	
  10/1/1995

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  48,878,000

  	
   

  	
  94,645,000

  	
   

  	
  21,192,000

  	
   

  	
  45,574,000

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  GEP&C

  	
   

  	
  GE Reinsurance Corp

  	
   

  	
  CAT
  & CAS. XOL Quota Share

  	
   

  	
  1/1/1999

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  (7,000

  	
  )

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC/ American Phoenix Life

  	
   

  	
  CO/i

  	
   

  	
  4/16/1998

  	
   

  	
  72,096,300

  	
   

  	
  184,772

  	
   

  	
   

  	
   

  	
  117,787

  	
   

  	
  723,600

  	
   

  	
  505,214

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC/ American Phoenix Life

  	
   

  	
  YRT/i

  	
   

  	
  4/16/1998

  	
   

  	
  1,172,344

  	
   

  	
  18,175

  	
   

  	
   

  	
   

  	
  4,878

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC (ERAC)

  	
   

  	
  CO/i

  	
   

  	
  4/16/1998

  	
   

  	
  119,902,800

  	
   

  	
  335,238

  	
   

  	
   

  	
   

  	
  200,117

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC (ERAC)

  	
   

  	
  YRT/i

  	
   

  	
  6/26/1999

  	
   

  	
  2,726,032,937

  	
   

  	
  5,172,914

  	
   

  	
   

  	
   

  	
  3,044,442

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC (Pref & Standard Pool)

  	
   

  	
  YRT/i

  	
   

  	
  12/4/2000

  	
   

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC (Impaired Pool)

  	
   

  	
  YRT/i

  	
   

  	
  12/4/2000

  	
   

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  ERC 
  (AML Retro)

  	
   

  	
  YRT/i

  	
   

  	
  1/1/2000

  	
   

  	
  Reported
  Above in 6/26/99

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA - LTC

  	
   

  	
  JLIC

  	
   

  	
  CO/I

  	
   

  	
  7/1/2000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  161,870,043

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  962,712,305

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  FFRL Re

  	
   

  	
  MCO/i

  	
   

  	
  12/1/2000

  	
   

  	
  189,368,700

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  559,311

  	
   

  	
  110,000

  	
   

  	
  160,000

  	
   

  	
  752,420

  	
   

  
	
   

  	
   

  	
  GECA

  	
   

  	
  FFRL Re

  	
   

  	
  YRT/i

  	
   

  	
  12/1/2001

  	
   

  	
  12,465,883

  	
   

  	
  61,605

  	
   

  	
   

  	
   

  	
  16,810

  	
   

  	
  364,839

  	
   

  	
  110,231

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECA - LTC

  	
   

  	
  Brookfield

  	
   

  	
   

  	
   

  	
  7/1/2001

  	
   

  	
   

  	
   

  	
  1,980,658,935

  	
   

  	
  124,414,535

  	
   

  	
  532,327,335

  	
   

  	
  18,565,783

  	
   

  	
  14,294,782

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GECA

  	
   

  	
  BLAC

  	
   

  	
   

  	
   

  	
  01/01/03

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  137464304

  	
   

  
	
  X

  	
   

  	
  GECA

  	
   

  	
  FCL

  	
   

  	
   

  	
   

  	
  07/01/03

  	
   

  	
  1,686,747,500

  	
   

  	
  5,758,840

  	
   

  	
   

  	
   

  	
  3,029,004

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GECA

  	
   

  	
  FCL

  	
   

  	
   

  	
   

  	
  06/30/03

  	
   

  	
  145908122

  	
   

  	
  6,147,894

  	
   

  	
   

  	
   

  	
  6,416,417

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GECLA

  	
   

  	
  GECA

  	
   

  	
  ACO/I

  	
   

  	
  6/1/1985

  	
   

  	
   

  	
   

  	
  54,268,154

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  American Mayflower of NY

  	
   

  	
  OTH/I

  	
   

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  244,578

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  American Mayflower of NY

  	
   

  	
  OTH/I

  	
   

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  73,565

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  American Mayflower of NY

  	
   

  	
  OTH/I

  	
   

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  182,249

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  American Mayflower of NY

  	
   

  	
  OTH/I

  	
   

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  85,930

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  GE Capital Life of NY

  	
   

  	
  OTH/I

  	
   

  	
  6/27/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  102,666

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  GE Capital Life of NY

  	
   

  	
  OTH/I

  	
   

  	
  3/18/2003

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  174,343

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  GE Capital Life of NY

  	
   

  	
  OTH/I

  	
   

  	
  12/02/03

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  28,965

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  X

  	
   

  	
  GEGLAC

  	
   

  	
  GE Capital Life of NY

  	
   

  	
  OTH/I

  	
   

  	
  12/17/03

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  25,241

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  UFLIC

  	
   

  	
  CO/G

  	
   

  	
  1/1/1996

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  UFLIC

  	
   

  	
  Not
  available

  	
   

  	
  7/1/1977

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  UFLIC

  	
   

  	
  Not
  available

  	
   

  	
  1/1/1996

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  FHL

  	
   

  	
  YRT/I

  	
   

  	
  9/1/1986

  	
   

  	
  45,699,436

  	
   

  	
  105,833

  	
   

  	
   

  	
   

  	
  209,664

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  DIS/I

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  662

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  FFRL Re

  	
   

  	
  CO/I

  	
   

  	
  3/1/1987

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  FFRL Re

  	
   

  	
  DIS/I

  	
   

  	
  3/1/1987

  	
   

  	
   

  	
   

  	
  34,141

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  FFRL Re

  	
   

  	
  MCO\I

  	
   

  	
  3/1/1987

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  FFRL Re

  	
   

  	
  YRT/I

  	
   

  	
  3/1/1987

  	
   

  	
  286,326,526

  	
   

  	
  1,594,259

  	
   

  	
   

  	
   

  	
  (2,313,662

  	
  )

  	
  175,000

  	
   

  	
  653,417

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  ERC

  	
   

  	
  CO/I

  	
   

  	
  11/1/1988

  	
   

  	
  257,709

  	
   

  	
  339

  	
   

  	
   

  	
   

  	
  9,600

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  ERC

  	
   

  	
  YRT/I

  	
   

  	
  11/1/1988

  	
   

  	
  233,226,593

  	
   

  	
  631,108

  	
   

  	
   

  	
   

  	
  784,463

  	
   

  	
  0

  	
   

  	
  142,813

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC - LTC

  	
   

  	
  GECA

  	
   

  	
  Coinsurance
  - Ind A&H

  	
   

  	
  10/1/1998

  	
   

  	
   

  	
   

  	
  71,142,020

  	
   

  	
  6,402,537

  	
   

  	
  12,737,782

  	
   

  	
   

  	
   

  	
  1,209,033

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  UFLIC

  	
   

  	
  Coinsurance
  - Ind A&H

  	
   

  	
  5/1/1987

  	
   

  	
   

  	
   

  	
  13,890

  	
   

  	
   

  	
   

  	
  15,486

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  UFLIC

  	
   

  	
  Group
  A&H

  	
   

  	
  3/1/1987

  	
   

  	
   

  	
   

  	
  254,678

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  ERC

  	
   

  	
  YRT
  - Ind A&H

  	
   

  	
  1/1/1984

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GELAAC

  	
   

  	
  ERC Life

  	
   

  	
  Quota
  Share Coinsurance Health

  	
   

  	
  4/1/1997

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HIC

  	
   

  	
  Viking

  	
   

  	
  Quota
  share

  	
   

  	
  1/1/1995

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
   

  	
   

  	
  HIC

  	
   

  	
  Westlake

  	
   

  	
  Quota
  share

  	
   

  	
  11/30/1986

  	
   

  	
  1165048

  	
   

  	
  9206

  	
   

  	
  1,141

  	
   

  	
  60,105

  	
   

  	
  279,238

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 

13

 

	
   

  	
   

  	
  Ceding

  Registrant

  	
   

  	
  Assuming Party

  	
   

  	
  Type

  	
   

  	
  Agreement

  Eff. Date

  	
   

  	
  Amount in

  Force as of YE 03

  	
   

  	
  Reserve Credit

  Taken

  	
   

  	
  Unearned

  Premiums

  	
   

  	
  Premiums

  	
   

  	
  Paid

  Losses

  	
   

  	
  Upaid

  Losses

  	
   

  	
  ModCo Res.

  	
   

  
	
   

  	
   

  	
  HIC

  	
   

  	
  Westwood

  	
   

  	
  Quota
  share

  	
   

  	
  3/1/1992

  	
   

  	
  6924735

  	
   

  	
  144567

  	
   

  	
  26,922

  	
   

  	
  244,365

  	
   

  	
  369108

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  XXX

  	
   

  	
  MWIC

  	
   

  	
  GEP&C

  	
   

  	
  100%
  Quota Share (Auto)

  	
   

  	
  3/31/2000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  6,781,000

  	
   

  	
  12,979,000

  	
   

  	
  2,907,000

  	
   

  	
  4,045,000

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  FHL

  	
   

  	
  DIS/I

  	
   

  	
  7/1/1977

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  FHL

  	
   

  	
  YRT/I

  	
   

  	
  7/1/77

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  61,644

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GECLA

  	
   

  	
  ACO/I

  	
   

  	
  12/31/95

  	
   

  	
  90,090,978

  	
   

  	
  37,590,225

  	
   

  	
   

  	
   

  	
  1,025,147

  	
   

  	
  280,456

  	
   

  	
  1,037,244

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GECLA

  	
   

  	
  ACO/G

  	
   

  	
  12/31/95

  	
   

  	
  —

  	
   

  	
  1,763,221

  	
   

  	
   

  	
   

  	
  2,771

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  ACO/I

  	
   

  	
  1/1/96

  	
   

  	
  —

  	
   

  	
  135,349,959

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  2,335,190

  	
   

  	
  19,297

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  YRT/G

  	
   

  	
  1/1/96

  	
   

  	
  875,039

  	
   

  	
  485,895

  	
   

  	
   

  	
   

  	
  21,515

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  ERC

  	
   

  	
  CO/G

  	
   

  	
  1/1/91

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  FHL

  	
   

  	
  YRT/I

  	
   

  	
  1/1/77

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GECLA

  	
   

  	
  YRT/I

  	
   

  	
  12/31/95

  	
   

  	
   

  	
   

  	
  1,464,648

  	
   

  	
  11,354

  	
   

  	
  10,635

  	
   

  	
  66,388

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  YRT/G

  	
   

  	
  1/1/96

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  7981.35

  	
   

  	
  0

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC/PHF

  	
   

  	
  Employers Reassurance LTD Cheltenham UK

  	
   

  	
  CO/i

  	
   

  	
  1/1/1994

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  146,100

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  YRT/G

  	
   

  	
  7/1/1977

  	
   

  	
  98,511

  	
   

  	
  200,496

  	
   

  	
   

  	
   

  	
  23,392

  	
   

  	
   

  	
   

  	
  26,717

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  ACO/I

  	
   

  	
  7/2/1977

  	
   

  	
   

  	
   

  	
  138,278,850

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  562,803

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  GELAAC

  	
   

  	
  YRT
  - A&H

  	
   

  	
  7/1/1977

  	
   

  	
   

  	
   

  	
  306,642

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UFLIC

  	
   

  	
  FHL

  	
   

  	
  YRT/I

  	
   

  	
  11/1/1983

  	
   

  	
  Reported
  in Line 133 7/1/77

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  42,241

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
   

  	
   

  

 

Note:  eff. 8/1/99 ERC Life and ERC acquired
reinsurance business of American Phoenix Home Life and Reassurance Company and
certain affiliates.

 

An “X” in the first column indicate agreements entered into
during 2003.

An “XX” in the first column indicate agreements terminated
during 2003.

An “XXX” *  Agreements
were not terminated, but GE P&C, GEC, GEI, GEAH, and Bayside were
sold.  The reinsurance with MWIC is
still outstanding, but is now third party.

 

 

14

 

Schedule 2.4(b)(iii)

GE
Guarantees

 

 

1.     Guaranty dated 8-9-00, made by GE Capital Corporation in favor of
Bankers Trust with respect to L/C issued on behalf of Sponsored Captive Re,
Inc.

 

2.     Letter Agreement dated 10-21-02, made by GEFAHI in favor of Brookfield
with respect to capital support in connection with business assumed from FCL(5)

 

3.     Guarantee dated 11-18-03 by GECC relating to GECA’s Funding Agreements

 

4.     Guarantee dated 11-18-03 by GECC relating to GELAAC’s Funding
Agreements

 

5.      Assurance Letter/Guaranty dated 1-22-04 made by GEFAHI, in favor of
Financial Assurance Company Limited (“FACL”) and Financial Insurance Company
Limited (“FICL”) in connection with FACL’s acquisition of Consolidated
Insurance Group, Limited.(6)

 

6.     Assurance Letter/Guaranty dated April 13, 2004 made by GEFAHI in favor
of Financial Assurance Company Limited (“FACL”) and Financial Insurance Company
Limited (“FICL”) in connection with the reinsurance arrangements between FACL,
FICL and Viking Insurance Company Limited (7)

 

7.     Support Agreement dated as of 5-15-03, made by GEFAHI in favor of ABN
AMRO, Amsterdam Funding Corporation and certain Banks (Commission Funding)(8)

 

8.     Performance Guaranty dated as of 12-3-99, made by GE Capital
Corporation in favor of GEFA Special Purpose One, Edison Asset Securitization
and GE Capital Corporation (as Operating Agent and Collateral Agent), as
amended and restated pursuant to an Amended and Restated Performance Guaranty
dated as of 9-27-01

 

9.     Limited Guaranty dated as of 6-21-01, made by GEFAHI in favor of Edison
Asset Securitization and GE Capital Corporation (GEFA SPV 2)(9)

 

(5)           To continue until
assumed by Genworth.

 

(6)           To be assumed by
Genworth upon the Initial Public Offering (subject to the approval of the UK’s
Financial Services Authority).

 

(7)           To be assumed by
Genworth upon the Initial Public Offering (subject to the approval of the UK’s
Financial Services Authority).

 

(8)           To continue until
assumed by Genworth.

 

(9)           To continue until
assumed by Genworth.

 

 

1

 

10.   Performance
Guaranty dated as of 6-21-01, made by GE Capital Corporation in favor of GEFA
Special Purpose Two, Edison Asset Securitization and GE Capital Corporation (as
Operating Agent and Collateral Agent)

 

11.   Support
Agreement dated as of 6-21-01, made by GE Capital Corporation in favor of
Edison Asset Securitization and GE Capital (as Operating Agent and Collateral
Agent)

 

12.   Performance
Guaranty dated as of 11-14-00, made by GE Capital Corporation in favor of GEFA
Special Purpose Three, Edison Asset Securitization and GE Capital Corporation
(as Operating Agent and Collateral Agent), as amended and restated pursuant to
an Amended and Restated Performance Guaranty dated as of 9-27-01

 

13.   Limited
Guaranty dated as of 6-11-01, made by GEFAHI in favor of Edison Asset Securitization
and GE Capital Corporation (GEFA SPV 4), as amended and restated pursuant to an
Amended and Restated Guaranty dated as of 9-27-01(10)

 

14.   Performance
Guaranty dated as of 6-11-01, made by GE Capital Corporation in favor of GEFA
Special Purpose Four, Edison Asset Securitization and GE Capital Corporation
(as Operating Agent and Collateral Agent), as amended and restated pursuant to
an Amended and Restated Performance Guaranty dated as of 9-27-01

 

15.   Support
Agreement dated as of 6-11-01, made by GE Capital Corporation in favor of
Edison Asset Securitization and GE Capital Corporation (as Operating Agent and
Collateral Agent), as amended and restated pursuant to an Amended and Restated
Support Agreement dated as of 9-27-01

 

16.   Limited
Guaranty dated as of 3-28-02, made by GEFAHI in favor of Edison Asset
Securitization and GECC (Omega)(11)

 

17.   Performance
Guaranty dated as of 3-28-02 made by General Electric Company in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (As
Operating Agent and Collateral Agent) (Omega)

 

18.   Support
Agreement dated as of 3-28-02, made by GE Capital Corporation in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (as
Operating Agent and Collateral Agent) (Omega)

 

19.   Performance
Guaranty dated as of 3-28-02 made by GE Capital Corporation in favor of GEFA
Special Purpose Six, Edison Asset Securitization and GE Capital Corporation (As
Operating Agent and Collateral Agent) (Omega)

 

(10)         To continue
until assumed by Genworth.

 

(11)         To continue
until assumed by Genworth.

 

2

 

20.   Comfort
Letter dated as of 1-6-95, made by GE Capital Corporation in favor of the
Canadian Superintendent of Financial Institutions relating to GEMICO(12)

 

21.   General
Electric Capital Corporation’s obligations under the Grant Agreements dated 19th
December, 1997 relating to the properties located at Bay numbers 133-134 of the
Shannon Free Zone, Ireland.

 

22.   General
Electric Capital Corporation’s obligations under the Lease Agreements dated 25th
November, 1998, 1st July 2000, 14 January 2002 and 31 October 2001
relating respectively to the properties located at Bay numbers 133-134, 135,
136 and 137 of the Shannon Free Zone, Ireland.

 

23.   General Electric
Capital Services, Inc.’s obligations under the ISDA Master Agreement, relating
to the Credit Derivates Transaction, entered into with Deutsche Bank AG London
Branch dated as of March 13, 2002 relating to Brookfield Life Assurance
Company’s USD 400,000,000 Floating Rate Note Program Series 2002-A-1, including
any renewals thereof

 

24.   The
obligations of GEFAHI, GECC and GE Capital Asia Investments under the Stock
Purchase Agreement, dated June 26, 2003, as amended on August 29, 2003, among
Brookfield Life Assurance Co., Ltd., GEFAHI, General Electric Capital
Corporation, GE Capital Asia Investments (collectively, the “Seller”) and
American International Reinsurance Company, Ltd., except as provided on
Schedule 2.3(b)(iv), item 2.

 

(12)         To continue until GE is
deemed not to “Control” Genworth as such term is defined in the Insurance
Companies Act of Canada.

 

3

 

Schedule 2.9

 

European
Creditor Business Entities

 

Part A:  To be transferred to Genworth pursuant to stock transfer
agreement

 

•      CFI
Administrators Limited

 

•      CFI Pension
Trustees Limited

 

•      Ennington
Properties Limited(13)

 

•      Financial
Insurance Guernsey PCC Limited

 

•      FIG Ireland
Limited

 

•      RD Plus SA

 

•      Assocred SA

 

•      Financial
Insurance Group Services Limited

 

•      Financial
New Life Company Limited

 

•      World Cover
Direct Limited

 

Part B:  To be transferred to Genworth pursuant to the UK Transfer Plan or
the FACL Fall-back Stock Transfer Agreement

 

•      Consolidated
Insurance Group Limited

 

•      Financial
Insurance Company Limited

 

•      Financial
Assurance Company Limited(14)

 

•      GE Financial Insurance, Compania de
Seguros y Reaseguros S.A.

 

•      GE Financial Assurance, Compania de Seguros y
Reaseguros de vida S.A.

 

(13)         The stock of this entity
will transfer to Genworth by virtue of the transfer of the stock of its
immediate parent company, CFI Administrators Limited

 

(14)         The stock of this entity
is only to be transferred to Genworth if the UK Transfer has not taken effect
by December 28, 2004

 

 

1

 

Schedule 3.2(d)

 

Surplus
Note Payments

 

	
  Surplus Note:

  	
   

  	
  Original

  Principal

  Amount:

  	
   

  	
  Principal

  Amount to be

  Paid on Closing

  Date:

  	
   

  	
  Accrued

  Interest to be

  Paid on Closing

  Date:

  
	
  8% surplus
  note due September 30, 2020 issued by JLIC to GEFAHI

  	
   

  	
  $

  	
  260,000,000

  	
   

  	
  $

  	
  260,000,000

  

  (paid to GEFAHI)

  	
   

  	
  $

  	
  [73,666,667]

  

  (paid to GEFAHI)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7% surplus
  note due November 30, 2021 issued by JLIC to GEFAHI

  	
   

  	
  $

  	
  58,000,000

  	
   

  	
  $

  	
  58,000,000

  

  (paid to GEFAHI)

  	
   

  	
  $

  	
  [9,428,222]

  

  (paid to GEFAHI)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.16%
  surplus note due May 31, 2022 issued by JLIC to GEFAHI

  	
   

  	
  $

  	
  51,000,000

  	
   

  	
  $

  	
  51,000,000

  

  (paid to GEFAHI)

  	
   

  	
  $

  	
  [4,086,290]

  

  (paid to GEFAHI)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7% surplus
  note due May 31, 2021 issued by JLIC to Brookfield

  	
   

  	
  $

  	
  91,000,000

  	
   

  	
  $

  	
  91,000,000

  

  (paid to Brookfield)

  	
   

  	
  $

  	
  [2,388,750]

  

  (paid to Brookfield)

  

 

 

1

 

Schedule 3.2(f)

 

Dividends

 

First Colony paid to FHL a dividend of 
$428,078,122;

 

FHL paid to GECA a dividend of $444,329,115;

 

FHL paid to GEFAHI a dividend of 
$10,081,431;

 

GELAAC paid to GECA a dividend of $341,670,297;

 

GELAAC paid to FHL a dividend of $51,143,442;

 

GELAAC paid to GEFAHI a dividend of $12,702,784;

 

GECA paid to GNA a dividend of $837,243,502;

 

GNA paid to GEFAHI a dividend of $678,082,648;

 

Brookfield paid to GEFAHI a
dividend of $183,123,333; and

 

Viking paid to GELCO a
dividend of  $225,000,000.

 

1

 

Schedule 3.9(a)

 

Consideration
for Transfers Pursuant to French Transfer Agreement

 

The consideration for the transfers to be
effected pursuant to the French Transfer Agreement shall be $68,000,000 plus
Surplus Transferred from Vie Plus P&S to Vie Plus Creditor after March 31,
2004 or minus Surplus Transferred from Vie Plus Creditor to Vie Plus P&S
after March 31, 2004 (the result being the “French Sale Price”).  The French Sale Price shall be inserted into
the French Transfer Agreement as the Sale Price.

 

“Surplus Transferred from Vie Plus P&S to Vie Plus Creditor after
March 31, 2004” means the increase in total stockholder’s interest (excluding
total accumulated non-owner changes in stockholder’s interest) of Vie Plus
Creditor from March 31, 2004 to the date of the Closing under the French
Transfer Agreement after adjusting total stockholder’s interest on the latter
date by subtracting net income (or adding net loss) previously reflected in any
income statement of Vie Plus Creditor as included in Genworth’s financial
statements.

 

“Surplus Transferred from Vie Plus Creditor to Vie Plus P&S after
March 31, 2004” means the decrease in total stockholder’s interest (excluding
total accumulated non-owner changes in stockholder’s interest) of Vie Plus
Creditor from March 31, 2004 to the date of the Closing under the French
Transfer Agreement after adjusting total stockholder’s interest on the latter
date by subtracting net income (or adding net loss) previously reflected in any
income statement of Vie Plus Creditor as included in Genworth’s financial
statements.

 

“Vie Plus Creditor” means the Business as defined in the French
Transfer Agreement.

 

“Vie Plus P&S” means the business of Vie Plus S.A. excluding the
Business as defined in the French Transfer Agreement.

 

Any defined term not defined or otherwise identified in this Schedule
shall have the meaning ascribed to that term in the Master Agreement.

 

 

1

 

Schedule 3.9(c)

 

Amendments
to Consideration for French Business if French Transfer Agreement Does Not Take
Effect

 

In the event that the French Transfer
Agreement does not take effect by the earlier of the date on which Vie Plus
S.A. and FINCL agree to abandon efforts to obtain requisite regulatory
approvals thereunder and December 31, 2005, in lieu of the Portfolio Transfer,
(i) the French Reinsurance Agreement shall continue in effect; (ii) FINCL shall
pay Vie Plus S.A. in cash the French Sale Price as hereinafter defined; and
(iii) the parties to the French Transfer Agreement shall cause that agreement
to be amended to exclude the Portfolio Transfer and to transfer the balance of
the Business to FINCL.  Any such
amendment shall take into consideration all relevant legal and regulatory
implications, which may include replacing the French Transfer Agreement with one
or more agreements or arrangements concerning the transfer of specific assets
of the Business.

 

The French Sale Price shall be paid in
consideration of the continuation of the French Reinsurance Agreement and the
transfer of the tangible assets and the intangible assets provided for in the
French Transfer Agreement (excluding the Portfolio Transfer).  The French Sale Price shall be $68,000,000
less the Adjustment.

 

“Adjustment” equals

US GAAP Equity of Vie Plus Creditor at March 31, 2004

plus        Net Unrealized
Investment Gains Attributable to Vie Plus Creditor

plus        Creditor
Investment Income

less         Net
Unrealized Investment Losses Attributable to Vie Plus Creditor

less         Treaty
Return

 

“Net Unrealized Investment Gains Attributable to Vie Plus Creditor” and
“Net Unrealized Investment Losses Attributable to Vie Plus Creditor” shall be
calculated by reference to the investments used in the calculation of Creditor
Investment Income.

 

“Creditor Investment Income” means the pro-rata share of Investment
Income in Vie Plus S.A. attributable to Vie Plus Creditor from March 31, 2004
to the Closing under the French Transfer Agreement.  Vie Plus Creditor’s share of the investments shall be defined by
the March 31, 2004 balance sheet of Vie Plus Creditor as included in the Registration
Statements, adjusted at the time of, and to reflect the effect of, any later
transfer of surplus between Vie Plus Creditor and Vie Plus P&S.

 

“Investment Income” shall mean all amounts derived from the holding of
investments which are treated, in accordance with Vie Plus S.A.’s normal U.S.
GAAP accounting policies, as being of an income nature, including any gains on
the realization of those investments and having taken account of any losses on
the realization of those investments. 
For the avoidance of doubt, “Investment Income” shall not include any
unrealized investment gains or unrealized investment losses attributable to
such investments.

 

 

1

 

“Treaty Return” means the interest on the Deposit calculated in reference
to Article 5 of the French Reinsurance Agreement.

 

“Vie Plus Creditor” means the Business as defined under the French
Transfer Agreement.

 

“Vie Plus P&S” means the business of Vie Plus S.A. excluding the
Business as defined in the French Transfer Agreement.

 

Any defined term not defined in this Schedule shall have the meaning
ascribed to that term in the Master Agreement or the French Transfer Agreement,
as appropriate.

 

2

 

Schedule 4.1

 

Annual
Corporate Reporting Data

 

Annual Corporate Reporting Data worksheet within Excel document
attached hereto

 

 

1

 

Schedule 4.1
Annual Corporate Reporting Data

 

CDR Submissions/ Data requirements [Closing the Books]

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  (C)

  	
   

  
	
  Schedule Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity/

  Cost -

  Penske

  Model -

  (A)

  	
   

  	
  Equity/

  Cost -

  SES

  Model -

  (B)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY interest
  allocation

  	
   

  	
   

  	
   

  	
  12/15/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MF System closes

  	
   

  	
   

  	
   

  	
  12/18/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MTM to Biz on
  Livelink

  	
   

  	
   

  	
   

  	
  12/18/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  TRSY interest
  allocation to DPL - IA on Internet

  	
   

  	
   

  	
   

  	
  12/19/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Corporate
  freight in DPL

  	
   

  	
   

  	
   

  	
  12/19/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CTA Avaliable on
  Internet

  	
   

  	
   

  	
   

  	
  12/22/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  APL File in DPL

  	
   

  	
   

  	
   

  	
  12/23/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Payroll in DPL

  	
   

  	
   

  	
   

  	
  12/24/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS billing
  cut-off

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI Payroll to
  DPL

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/P to DPL

  	
   

  	
   

  	
   

  	
  12/25/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/26/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MTM Hedge
  entries via e-mail

  	
   

  	
   

  	
   

  	
  12/26/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/29/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Fixed Assets to
  DPL

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS in DPL

  	
   

  	
   

  	
   

  	
  12/30/03

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  12/31/03

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/1/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  ATOM Smart
  Filter - CMS

  	
   

  	
   

  	
   

  	
  1/1/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/2/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/3/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/4/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  All AU files -
  6:00PM

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/6/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  1/7/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Net Income to GE

  	
   

  	
   

  	
   

  	
  1/8/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Full Trial
  Balance to GE

  	
   

  	
   

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  TRSY Country
  risk sub account/current account rec due

  	
   

  	
   

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  

 

(A)  If 
Genworth is similar to Penske I.e it’s own BSLA rolling up to the
segment ( Penske rolls to EM), then the “4” for equity and cost would be
required.

 

(B)
If Genworth is simlilar to SES i.e. an entry booked each month/ quarter by an
operating unit (SES entry made by SFG in their own BSLA) then the “4” for
equity and cost columns would NOT be required, however, the necessary financial
information to continue to account for the equity/ cost investment would be
required.

 

(C)
After prior consultation with Genworth, not less than 60 days prior to the date
on which the investment in Genworth is first reported using the equity method,
GE will advise Genworth whether to follow the Penske Model or the SES
Model.  Thereafter and so long as the
investment in Genworth is reported using the equity method, at the request of
either party to be made by such party no more frequently than once every 6
months, Genworth and GE will work together in good faith to address requested
modifications of the reporting under the equity method.

 

1

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FAS 133 template

  	
   

  	
   

  	
   

  	
  1/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Information

  	
   

  	
  Revenue and NI (Excel)

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Tracker

  	
   

  	
  Acquisitions and
  Dispositions Closed in the Quarter (Excel)

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Webtool

  	
   

  	
  Acquisition and
  Disposition Tracker (Webtool)

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Confirmation of numeric
  data via e-mail

  	
   

  	
  1/8/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  DR4MGOP (FP&A)

  	
   

  	
  Volume / Write Offs /
  Equity / Non -Earnings

  	
   

  	
  1/8/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX (FP&A)

  	
   

  	
  FX Revenue and NI

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR140 (FP&A)

  	
   

  	
  Gains DR

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Balance Sheet and P&L (Note)

  	
   

  	
  Spreadsheet /
  Presentation Format

  	
   

  	
   

  	
  (D)

  	
   

  	
   

  	
  *

  	
   

  	
  *

  	
   

  
	
  Key Drivers Analysis / Discussion 
  (Note)

  	
   

  	
   

  	
   

  	
   

  	
  (D)

  	
   

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (FP&A)

  	
   

  	
  Non Earning > $3MM

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Comments (FP&A)

  	
   

  	
  WRI - Gains, Other
  One-Offs, Other Tax

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual / Non-Recurring Items > $10MM

  	
   

  	
  E-mail Submission

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non Earning

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll Forward – Investment
  Securities Assets 3.2

  	
   

  	
  1/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CF-1 for Cash Flow

  	
   

  	
   

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (DR107BL)

  	
   

  	
  Non Earning; WRI Non
  Earning (DR107BL) – Variance Commentary

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 106

  	
   

  	
  Financing Receivables

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 171

  	
   

  	
  Intangible Assets

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115 Reconciliation

  	
   

  	
  1/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (DR107BL)

  	
   

  	
  Non Earning; WRI Non
  Earning (DR107BL) – Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI AFL

  	
   

  	
  WRI Allowance for Losses
  – Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI FAS 115 Rec (DR 115 Rec)

  	
   

  	
  WRI FAS 115 Gains/losses
  Reconciliation -Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Receivables (DR 106)

  	
   

  	
  WRI Financing Receivables
  (DR106) including roll forward for loans and leases – Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Intangible Assets (DR 171)

  	
   

  	
  WRI  Intangible Assets  (DR171) – Variance Commentary

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec. RollForward (DR 109 ULA)

  	
   

  	
  Roll Forward-Variance
  Commentary and ULA security Listing

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Investment Sec. Realized Gains / Losses (DR 019 AS 3.2)

  	
   

  	
  WRI Realized Gains/Losses
  -Variance Commentary and Impairment Listing

  	
   

  	
  1/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A Balance Sheet Analysis

  	
   

  	
  Variance Commentary for
  Balance Sheet

  	
   

  	
  1/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – GECS Revenue

  	
   

  	
  EIA

  	
   

  	
  1/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR- 450 Minority Interest

  	
   

  	
  Minority Interest

  	
   

  	
  1/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI- Minority Interest

  	
   

  	
  Minority Interest

  	
   

  	
  1/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Variance Commentary for
  all line items on a QTD basis

  	
   

  	
  1/13/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  WRI – GECS Revenues

  	
   

  	
  EIA

  	
   

  	
  1/13/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – Other Liabilities (DR XXX)

  	
   

  	
  OTL

  	
   

  	
  1/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized Loss Aging

  	
   

  	
  1/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities,
  Reserves and Annuity Benefits- Component Details

  	
   

  	
  1/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR180

  	
   

  	
  ELTO & PP&E

  	
   

  	
  1/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR113

  	
   

  	
  Other Assets

  	
   

  	
  1/15/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  WRI – Accounts Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Other Liabilities

  	
   

  	
  OTL

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Insurance Liabilities Reserve

  	
   

  	
  WRI Business Details –
  Variance Commentary

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A P&L Analysis

  	
   

  	
  Variance Commentary for
  Income Statement - P&L

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(D) - Under Equity Method
the P&L, Balance Sheet, and Key Drivers will be due per the GE timeline as
provided in the quarterly instructions.

(D) - Under Cost Method the
P&L, Balance Sheet, and Key Drivers will be due per the Genworth quarterly
SEC filing timelines.

 

2

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
  WRI - ELTO / PP&E (DR180)

  	
   

  	
  PPE & ELTO (DR180) – Variance Commentary

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – Non-Cancelable Leases

  	
   

  	
  NCL

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – Op & Admin

  	
   

  	
  OPA

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – Other Receivables

  	
   

  	
  OTR

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106CM

  	
   

  	
  Financing Receivables –
  Contractual Maturities

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106FL

  	
   

  	
  Financing Receivables –
  Financing Leases

  	
   

  	
  1/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3

  	
   

  	
  Contractual Maturities –
  Investment Securities Assets 3

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities,
  Reserves and Annuity Benefits-:1) Average yield used in Computation of future
  benefits 2) Roll Forward- Unpaid claims/claim adjustment expenses 3)
  Financial Guarantees and credit life risk 4) Property and casualty operations

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Insurance Premiums

  	
   

  	
  WRI- Insurance Premiums

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Inv. Sec. Component Detail

  	
   

  	
  WRI Component details of Investment Securities Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Non-Cancelable Leases

  	
   

  	
  NCL

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Op & Admin

  	
   

  	
  OPA

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Other Receivables

  	
   

  	
  OTR

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Leases

  	
   

  	
  WRI Financing Leases   (DR106FL) –Variance Commentary.

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Other Assets (DR 113)

  	
   

  	
  WRI Other Assets  (DR113) including roll forward for
  Associated Companies and Real Estate – Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  WRI Insurance Receivables

  	
   

  	
  Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec business detail

  	
   

  	
  WRI- Business Details - Variance Commentary

  	
   

  	
  1/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR030FI

  	
   

  	
  Financial Instruments

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR119RNA

  	
   

  	
  Net Restricted Assets

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Component Detail- Insurance Liabilities (DR 103)

  	
   

  	
  WRI- Component Detail of Insurance Liabilties, Reserves and Annuity
  Benefits - Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Financial Guarantees and Credit Life (DR 103)

  	
   

  	
  WRI- Financial Guarantees
  and Credit Life - Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Insurance Losses

  	
   

  	
  WRI- Insurance Losses -
  Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Unpaid Claims Rollforward (DR 103)

  	
   

  	
  WRI – Insurance Reserves;
  Unpaid Claims and Claim Adjustment Expenses - Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Rec. Contractual Maturities (DR 106)

  	
   

  	
  WRI Financing Receivables
  -Contractual maturities    (DR106CM)
  –Variance Commentary.

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest. Sec Contractual Maturities (DR 019 AS 3_

  	
   

  	
  WRI Contractual Maturities
  Debt Securities - Variance Commentary

  	
   

  	
  1/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI  - Financial Instruments
  (DR030FI)

  	
   

  	
  WRI Financial Instruments (DR 030FI) – Variance Commentary

  	
   

  	
  1/20/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Resticted Net Assets (DR 119RNA)

  	
   

  	
  WRI- Restricted Net
  Assets

  	
   

  	
  1/20/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

NOTE Ongoing P&L and Balance Sheet and Key Drivers Comments Required
Under Equity Method and Cost Method for Operational Management Oversight
Purposes, In addition For Purposes of GE Bookkeeping

 

3

 

MD&A and Annual Report

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A CAP
  Draft to businesses for review

  	
   

  	
   

  	
   

  	
  1/20/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A Ops
  Draft  to businesses for review

  	
   

  	
   

  	
   

  	
  1/21/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  MD&A CAP due

  	
   

  	
   

  	
   

  	
  1/22/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MD&A SFD
  Draft MD&A FR&L Draft  to
  businesses for review

  	
   

  	
   

  	
   

  	
  1/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  MD&A Ops due

  	
   

  	
   

  	
   

  	
  1/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  MD&A SFD & FR&L due

  	
   

  	
   

  	
   

  	
  1/26/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Entire MD&A
  Draft To Businesses For S-O Review

  	
   

  	
   

  	
   

  	
  1/27/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-O Supplemental
  Acknowledgements Due From Businesses

  	
   

  	
   

  	
   

  	
  1/30/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft A/R to
  Disclosure Committee

  	
   

  	
   

  	
   

  	
  1/30/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft AR #1 of
  Genworth to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Disclosure
  Committee Mtg. A/R Review

  	
   

  	
   

  	
   

  	
  2/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Disclosure
  Committee Meeting A/R Review – Continued

  	
   

  	
   

  	
   

  	
  2/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft AR #2 of
  Genworth to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  A/R To Graphics

  	
   

  	
   

  	
   

  	
  2/6/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Graphics Prints
  Board Copies Of A/R

  	
   

  	
   

  	
   

  	
  2/7/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Mailed to Board

  	
   

  	
   

  	
   

  	
  2/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS/GECC
  10-K  Item 1 to Op-Segments
  discussion  to businesses for review

  	
   

  	
   

  	
   

  	
  2/10/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JRI Annual
  Closing Review Meeting

  	
   

  	
   

  	
   

  	
  2/11/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Verification
  meetings – all day

  	
   

  	
   

  	
   

  	
  2/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GE Board Meeting
  To Review A/R

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Last day for
  Non-BOD changes

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS/GECC
  10-K  Item 1 to Op-Segments discussion
  comments due

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1st
  Set Printer Proofs

  	
   

  	
   

  	
   

  	
  2/13/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Team To Printers

  	
   

  	
   

  	
   

  	
  2/14/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Final AR of
  Genworth to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Team At Printers
  Verifying proofs

  	
   

  	
   

  	
   

  	
  2/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Incorporate
  Board Comments

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Proofs
  Review

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (Last Date for
  BOD Changes)

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Business
  Descriptions

  	
   

  	
   

  	
   

  	
  2/16/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Proofs
  Reviewed & Approved

  	
   

  	
   

  	
   

  	
  2/17/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Printing

  	
   

  	
   

  	
   

  	
  2/18/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/R Printing

  	
   

  	
   

  	
   

  	
  2/18/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Draft 1
  10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Draft 10-K To
  Businesses For S-O Review

  	
   

  	
   

  	
   

  	
  2/25/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-O Supplemental
  Ack. on 10-K Due From Businesses

  	
   

  	
   

  	
   

  	
  2/26/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 10-Ks to
  Disclosure Committee

  	
   

  	
   

  	
   

  	
  2/26/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Draft 2
  10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Disclosure
  Committee Meeting Review of 10-Ks

  	
   

  	
   

  	
   

  	
  2/27/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10-K Review With
  KSS/JRI

  	
   

  	
   

  	
   

  	
  3/1/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Mail 10-K To
  Board

  	
   

  	
   

  	
   

  	
  3/1/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GECS Board
  Telecom Meeting on 10-K

  	
   

  	
   

  	
   

  	
  3/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Edgarize 10-Ks

  	
   

  	
   

  	
   

  	
  3/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Genworth Final
  10K to GE

  	
   

  	
   

  	
   

  	
  TBD

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  File 10-Ks (All
  Major Registrants)

  	
   

  	
   

  	
   

  	
  3/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  File DEF14A
  (proxy)

  	
   

  	
   

  	
   

  	
  3/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Begin Mailing
  A/R

  	
   

  	
   

  	
   

  	
  3/9/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

4

 

 

 

Schedule 4.2(a)

 

First
and Second Quarter Corporate Reporting Data

 

See First and Second Quarter Corporate Reporting Data worksheet
within Excel document attached hereto

 

 

1

 

Schedule 4.2(a) First and Second Quarter Corporate
Reporting Data

 

	
  CDR Submissions/ Data requirements [Closing the Books]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  C

  	
   

  
	
  Schedule Name(s)

  	
   

  	
  Description
  (Contents)

  	
   

  	
  Est. Due

  date - Q1

  	
   

  	
  Est. Due

  date - Q2

  	
   

  	
  Cons

  	
   

  	
  Equity/

  Cost -

  Penske

  Model -

  (A)

  	
   

  	
  Equity/

  Cost -

  SES

  Model -

  (B)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY interest
  allocation

  	
   

  	
   

  	
   

  	
  3/11/04

  	
   

  	
  6/11/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MF System closes

  	
   

  	
   

  	
   

  	
  3/14/04

  	
   

  	
  6/14/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MTM to Biz on
  Livelink

  	
   

  	
   

  	
   

  	
  3/14/04

  	
   

  	
  6/14/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  TRSY interest
  allocation to DPL - IA on Internet

  	
   

  	
   

  	
   

  	
  3/15/04

  	
   

  	
  6/15/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Corporate
  freight in DPL

  	
   

  	
   

  	
   

  	
  3/15/04

  	
   

  	
  6/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CTA Avaliable on
  Internet

  	
   

  	
   

  	
   

  	
  3/22/04

  	
   

  	
  6/22/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  APL File in DPL

  	
   

  	
   

  	
   

  	
  3/23/04

  	
   

  	
  6/23/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Payroll in DPL

  	
   

  	
   

  	
   

  	
  3/23/04

  	
   

  	
  6/23/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS billing
  cut-off

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI Payroll to
  DPL

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/P to DPL

  	
   

  	
   

  	
   

  	
  3/24/04

  	
   

  	
  6/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  MTM Hedge
  entries via e-mail

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/25/04

  	
   

  	
  6/25/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Fixed Assets to
  DPL

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS in DPL

  	
   

  	
   

  	
   

  	
  3/26/04

  	
   

  	
  6/26/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/27/04

  	
   

  	
  6/27/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/28/04

  	
   

  	
  6/28/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  ATOM Smart
  Filter - CMS

  	
   

  	
   

  	
   

  	
  3/28/04

  	
   

  	
  6/28/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate
  Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  All AU files -
  11:59 p.m.

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/29/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  CDR AU/MU
  Affiliate Rec

  	
   

  	
   

  	
   

  	
  3/30/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Net Income to GE

  	
   

  	
   

  	
   

  	
  4/1/04

  	
   

  	
  7/1/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Full Trial
  Balance to GE

  	
   

  	
   

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  TRSY Country
  rick sub account/current account rec due

  	
   

  	
   

  	
   

  	
  4/9/04

  	
   

  	
  7/9/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  

 

(A) If Genworth is treated similar to Penske i.e it’s own BSLA rolling
up to the segment (Penske rolls to EM), then the “4” for equity and cost would
be required.

 

(B) If Genworth is simlilar to SES i.e. an entry booked each month/
quarter by an operating unit (SES entry made by SFG in their own BSLA) then the
“4” for equity and cost columns would NOT be required, however, the necessary
financial information to continue to account for the equity/ cost investment
would be required.

 

(C) After prior consultation with Genworth, not less than 60 days prior
to the date on which the investment in Genworth is first reported using the
equity method, GE will advise Genworth whether to follow the Penske Model or
the SES Model.  Thereafter and so long
as the investment in Genworth is reported using the equity method, at the
request of either party to be made by such party no more frequently than once
every 6 months, Genworth and GE will work together in good faith to address
requested modifications of the reporting under the equity method.

 

 

2

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FAS 133 template

  	
   

  	
   

  	
   

  	
  3/31/04

  	
   

  	
  6/30/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition /
  Disposition Information

  	
   

  	
  Revenue and NI (Excel)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition /
  Disposition Tracker

  	
   

  	
  Acquisitions and Dispostions Closed in the Quarter
  (Excel)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition /
  Disposition Webtool

  	
   

  	
  Acquisition and Disposition Tracker (Webtool)

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll Forward- Investment Securities

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non Earning

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 106

  	
   

  	
  Financing Receivables

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 171

  	
   

  	
  Intangible Assets

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115 Reconciliation

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Balance Sheet
  and P&L(Note)

  	
   

  	
  Spreadsheet / Presentation Format

  	
   

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
   

  	
  *

  	
   

  	
  *

  	
   

  
	
  Key Drivers
  Analysis / Discussion (Note)

  	
   

  	
   

  	
   

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  DR4MGOP
  (FP&A)

  	
   

  	
  Volume / Write Offs / Equity / Non - Earnings

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX (FP&A)

  	
   

  	
  FX Revenue and NI

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR140 (FP&A)

  	
   

  	
  Gains DR

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning
  (FP&A)

  	
   

  	
  Non Earning > $3MM

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI - Comments

  	
   

  	
  WRI - Gains, Other One-Offs, Other Tax

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual /
  Non-recurring Items >$10MM

  	
   

  	
  E-mail Submission

  	
   

  	
  4/2/04

  	
   

  	
  7/2/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash flow
  Worksheet

  	
   

  	
   

  	
   

  	
  4/3/04

  	
   

  	
  7/3/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning
  (DR107BL)

  	
   

  	
  Non Earning; WRI Non Earning (DR107BL) – Variance
  Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI AFL

  	
   

  	
  WRI Allowance for Losses – Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI DR019AS3.2

  	
   

  	
  WRI Roll Forward- Investment Securities

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI FAS 115 Rec
  (DR 115 Rec)

  	
   

  	
  WRI FAS 115 Gains/losses Reconciliation -Variance
  Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing
  Receivables (DR 106)

  	
   

  	
  WRI Financing Receivables (DR106) including roll
  forward for loans and leases– Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Intangible
  Assets (DR 171)

  	
   

  	
  WRI Intangible Assets (DR171) – Variance Commentary

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec.
  RollForward (DR 109 ULA)

  	
   

  	
  Roll Forward-Variance Commentary and ULA security
  Listing

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized Loss Aging

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities, Reserves and Annuity
  Benefits-: Component details

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR – GECS
  Revenue

  	
   

  	
  EIA

  	
   

  	
  4/4/04

  	
   

  	
  7/4/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Insurance
  Premiums

  	
   

  	
  Insurance Premiums commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic
  Summary

  	
   

  	
  Variance Commentary for all line items on a QTD
  basis

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  WRI Insurance
  Receivables

  	
   

  	
  Variance Commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI GECS
  Reveunes from Services

  	
   

  	
  WRI - for GECS revenues from services

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI – Component
  Detail- Insurance Liabilities (DR 103)

  	
   

  	
  WRI- Component Detail of Insurance Liabilties,
  Reserves and Annuity Benefits - Variance Commentary

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(D) - Under Equity Method the P&L, Balance Sheet, and Key Drivers
will be due per the GE timeline as provided in the quarterly instructions.

(D) - Under Cost Method the P&L, Balance Sheet, and Key Drivers
will be due per the Genworth quarterly SEC filing timelines.

 

MD&A and 10Q

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A
  Balance Sheet Analysis

  	
   

  	
  Variance Commentary for Balance Sheet

  	
   

  	
  4/5/04

  	
   

  	
  7/5/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR- Cashflow
  (DBCFGECC/ GECS)

  	
   

  	
  Cash flow DR

  	
   

  	
  4/6/04

  	
   

  	
  7/6/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Cash Flow

  	
   

  	
  Cash Flow Commentary

  	
   

  	
  4/7/04

  	
   

  	
  7/7/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A
  P&L Analysis

  	
   

  	
  Variance Commentary for Income Statement – P&L

  	
   

  	
  4/7/04

  	
   

  	
  7/7/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

NOTE
Ongoing P&L and Balance Sheet and Key Drivers Comments Required Under
Equity Method and Cost Method for Operational Management Oversight Purposes, In
addition For Purposes of GE Bookkeeping

 

3

 

	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  Est. Due

  date

  	
   

  	
  Est. Due

  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1
  Circulated

  	
   

  	
   

  	
   

  	
  4/12/04

  	
   

  	
  7/12/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  Draft 1

  	
   

  	
   

  	
   

  	
  4/15/04

  	
   

  	
  7/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2

  	
   

  	
   

  	
   

  	
  4/15/04

  	
   

  	
  7/15/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Business CEOs
  and CFOs SOX sign-off

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  Draft  2

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 3

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 of
  Genworth 10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/19/04

  	
   

  	
  7/19/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Disclosure
  Committee 10-Q Review Meeting

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  Draft 3

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 4

  	
   

  	
   

  	
   

  	
  4/21/04

  	
   

  	
  7/21/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  KSS Review

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on
  Draft 4

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 5

  	
   

  	
   

  	
   

  	
  4/22/04

  	
   

  	
  7/22/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2 of
  Genworth 10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/23/04

  	
   

  	
  7/23/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  
	
  Audit Committee
  Meeting

  	
   

  	
   

  	
   

  	
  4/24/04

  	
   

  	
  7/24/04

  	
   

  	
  *

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Final Genworth
  10Q to GE (If Applicable)

  	
   

  	
   

  	
   

  	
  4/29/04

  	
   

  	
  7/29/04

  	
   

  	
  *

  	
   

  	
  *

  	
   

  	
   

  	
   

  

 

4

 

Schedule 4.2(b)

 

Third
Quarter Corporate Reporting Data

 

See Third Quarter Corporate Reporting Data worksheet within
Excel document attached hereto

 

 

1

 

 

 

Schedule
4.2(b) Third Quarter Corporate Reporting Data

 

CDR Submissions/ Data requirements [Closing the Books]

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  C

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Equity/

  	
   

  	
  Equity/

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Cost —

  	
   

  	
  Cost —

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Penske

  	
   

  	
  SES

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Est. Due

  	
   

  	
   

  	
   

  	
  Model —

  	
   

  	
  Model —

  	
   

  
	
  Schedule Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  date

  	
   

  	
  Cons

  	
   

  	
  (A)

  	
   

  	
  (B)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation

  	
   

  	
   

  	
   

  	
  9/10/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MF System closes

  	
   

  	
   

  	
   

  	
  9/11/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM to Biz on Livelink

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY interest allocation to DPL — IA on Internet

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Corporate freight in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CTA Avaliable on Internet

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  APL File in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Payroll in DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS billing cut-off

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CBSI Payroll to DPL

  	
   

  	
   

  	
   

  	
  9/20/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A/P to DPL

  	
   

  	
   

  	
   

  	
  9/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  MTM Hedge entries via e-mail

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Fixed Assets to DPL

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IBS in DPL

  	
   

  	
   

  	
   

  	
  9/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  ATOM Smart Filter — CMS

  	
   

  	
   

  	
   

  	
  9/25/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/26/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  All AU files —11:59 p.m.

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  CDR AU/MU Affiliate Rec

  	
   

  	
   

  	
   

  	
  9/28/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Net Income to GE

  	
   

  	
   

  	
   

  	
  9/30/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Full Trial Balance to GE

  	
   

  	
   

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  TRSY Country rick sub account/current account rec due

  	
   

  	
   

  	
   

  	
  10/8/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  

 

(A)
If Genworth is similar to Penske I.e it’s own BSLA rolling up to the segment (
Penske rolls to EM), then the “4” for equity and cost would be required.

 

 

(B)
If Genworth is simlilar to SES i.e. an entry booked each month/ quarter by an
operating unit (SES entry made by SFG in their own BSLA) then the “4” for
equity and cost columns would NOT be required, however, the necessary financial
information to continue to account for the equity/ cost investment would be
required.

 

(C)
After prior consultation with Genworth, not less than 60 days prior to the date
on which the investment in Genworth is first reported using the equity method,
GE will advise Genworth whether to follow the Penske Model or the SES Model.
Thereafter and so long as the investment in Genworth is reported using the
equity method, at the request of either party to be made by such party no more
frequently than once every 6 months, Genworth and GE will work together in good
faith to address requested modifications of the reporting under the equity
method.

 

2

 

Schedule 4.2(b) Third Quarter Corporate Reporting Data -
continued

 

	
   

  	
   

  	
   

  	
   

  	
  Est. Due

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Confirmation of numeric
  data via e-mail

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  FAS 133 template

  	
   

  	
   

  	
   

  	
  10/1/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition/ Disposition Information

  	
   

  	
  Revenue and NI (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Tracker

  	
   

  	
  Acquisitions and
  Dispositions Closed in the Quarter (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Acquisition / Disposition Webtool

  	
   

  	
  Acquisition and Disposition
  Tracker (Webtool)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR— Cashflow (DBCFGECC/ GECS)

  	
   

  	
   

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Balance Sheet and P&L (Note)

  	
   

  	
  Spreadsheet / Presentation
  Format

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
  •

  	
   

  	
  •

  	
   

  
	
  Key Drivers Analysis / Discussion (Note)

  	
   

  	
   

  	
   

  	
  D

  	
   

  	
  D

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  DR4MGOP (FP&A)

  	
   

  	
  Volume / Write Offs /
  Equity / Non-Earnings

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR4FX (FP&A)

  	
   

  	
  FX Revenue and NI (Excel)

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR140 (FP&A)

  	
   

  	
  Gains DR

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (FP&A)

  	
   

  	
  Non Earning > $3MM

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Comments

  	
   

  	
  WRI — Gains, Other
  One-Offs, Other Tax

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Unusual / Non-Recurring Items >$10MM

  	
   

  	
  E-mail Submission

  	
   

  	
  10/3/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR107BL

  	
   

  	
  Non Earning

  	
   

  	
  10/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Cash Flow

  	
   

  	
   

  	
   

  	
  10/4/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 106

  	
   

  	
  Financing Receivables

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR 171

  	
   

  	
  Intangible Assets

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Non Earning (DR107BL)

  	
   

  	
  Non Earning; WRI Non
  Earning (DR107BL) — Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI AFL

  	
   

  	
  WRI Allowance for Losses —
  Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI FAS 115 Rec (DR 115 Rec)

  	
   

  	
  WRI FAS 115 Gains/losses
  Reconciliation —Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Receivables (DR 106) 

  	
   

  	
  WRI Financing Receivables
  (DR106) including roll forward for loans and leases — Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Intangible Assets (DR 171)

  	
   

  	
  WRI Intangible Assets
  (DR171) — Variance Commentary

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec. RollForward (DR 109 ULA)

  	
   

  	
  Roll Forward-Variance
  Commentary and ULA security Listing

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Earned Income

  	
   

  	
  EIA

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Earned Income

  	
   

  	
  EIA

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Geographic Summary

  	
   

  	
  Variance Commentary for all
  line items on a QTD basis

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  DR115REC

  	
   

  	
  FAS115 Reconciliation

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019ULA

  	
   

  	
  Unrealized Loss Aging

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities,
  Reserves and Annuity Benefits— Component Details

  	
   

  	
  10/5/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

(D) - Under Equity Method the P&L, Balance
Sheet, and Key Drivers will be due per the GE timeline as provided in the
quarterly instructions.

(D) - Under Cost Method the P&L, Balance Sheet,
and Key Drivers will be due per the Genworth quarterly SEC filing timelines.

 

3

 

Schedule 4.2(b) Third Quarter Corporate Reporting Data -
continued

 

 

	
   

  	
   

  	
   

  	
   

  	
  Est. Due

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
  WRI MD&A Balance Sheet Analysis

  	
   

  	
  Variance Commentary for
  Balance Sheet

  	
   

  	
  10/11/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI MD&A P&L Analysis

  	
   

  	
  Variance Commentary for
  Income Statement — P&L

  	
   

  	
  10/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Investment Sec. Realized Gains / Losses (DR 019 AS 3.2)

  	
   

  	
  WRI Realized Gains/Losses
  —Variance Commentary and Impairment Listing

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Insurance Liabilities Reserve

  	
   

  	
  WRI Business Details —
  Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106CM

  	
   

  	
  Financing Receivables —
  Contractual Maturities

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR106FL

  	
   

  	
  Financing Receivables —
  Financing Leases

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Insurance Premiums

  	
   

  	
  WRI— Insurance Premiums

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Inv. Sec. Component Detail

  	
   

  	
  WRI Component details of
  Investment Securities Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Leases

  	
   

  	
  WRI Financing Leases
  (DR106FL) —Variance Commentary.

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Insurance Receivables

  	
   

  	
  Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest Sec business detail

  	
   

  	
  WRI— Business Details —
  Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Component Detail— Insurance Liabilities (DR 103)

  	
   

  	
  WRI— Component Detail of
  Insurance Liabilties, Reserves and Annuity Benefits — Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Financial Guarantees and Credit Life (DR 103)

  	
   

  	
  WRI— Financial Guarantees
  and Credit Life — Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Insurance Losses

  	
   

  	
  WRI— Insurance Losses —
  Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Unpaid Claims Rollforward (DR 103)

  	
   

  	
  WRI — Insurance Reserves;
  Unpaid Claims and Claim Adjustment Expenses — Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Financing Rec. Contractual Maturities (DR 106)

  	
   

  	
  WRI Financing Receivables
  —Contractual maturities (DR106CM) —Variance Commentary.

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI Invest. Sec Contractual Maturities (DR 019 AS 3_

  	
   

  	
  WRI Contractual Maturities
  Debt Securities — Variance Commentary

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3

  	
   

  	
  Contractual Maturities —
  Investment Securities Assets 3

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR103

  	
   

  	
  Insurance Liabilities,
  Reserves and Annuity Benefits—:1) Average yield used in Computation of future
  benefits 2)Roll Forward— Unpaid claims/claim adjustment expenses 3) Financial
  Guarantees and credit life risk 4) Property and casualty operations

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR019AS3.2

  	
   

  	
  Roll Forward — Investment
  Securities Assets 3.2

  	
   

  	
  10/30/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — ELTO / PP&E (DR180)

  	
   

  	
  PPE & ELTO (DR180) —
  Variance Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Accounts Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Other Liabilities (DR XXX)

  	
   

  	
  OTL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR180

  	
   

  	
  ELTO & PP&E

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Accounts Payable (DR 307)

  	
   

  	
  A/P

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Other Liabilities

  	
   

  	
  OTL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Non-Cancelable Leases

  	
   

  	
  NCL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Op & Admin

  	
   

  	
  OPA

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR — Other Receivables

  	
   

  	
  OTR

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR113

  	
   

  	
  Other Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI — Non-Cancelable Leases

  	
   

  	
  NCL

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Op & Admin

  	
   

  	
  OPA

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Other Receivables

  	
   

  	
  OTR

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR030FI

  	
   

  	
  Financial Instruments

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Other Assets (DR 113)

  	
   

  	
  WRI Other Assets (DR113)
  including roll forward for Associated Companies and Real Estate — Variance
  Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  WRI — Financial Instruments (DR030FI)

  	
   

  	
  WRI Financial Instruments
  (DR 030FI) — Variance Commentary

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 4.2(b) Third Quarter
  Corporate Reporting Data — continued

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WRI — Resticted Net Assets (DR 119RNA)

  	
   

  	
  WRI— Restricted Net Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DR119RNA

  	
   

  	
  Net Restricted Assets

  	
   

  	
  11/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

NOTE Ongoing P&L and Balance Sheet and Key Drivers
Comments Required Under Equity Method and Cost Method for Operational
Management Oversight Purposes, In For Purposes of GE Bookkeeping

 

4

 

Schedule 4.2(b) Third Quarter Corporate Reporting Data -
continued

 

MD&A and 10Q

 

	
   

  	
   

  	
   

  	
   

  	
  Est. Due

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule
  Name(s)

  	
   

  	
  Description (Contents)

  	
   

  	
  date

  	
   

  	
  Cons

  	
   

  	
  Equity

  	
   

  	
  Cost

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 Circulated

  	
   

  	
   

  	
   

  	
  10/12/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 1

  	
   

  	
   

  	
   

  	
  10/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2

  	
   

  	
   

  	
   

  	
  10/15/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 1 of Genworth 10Q to GE

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Business CEOs and CFOs SOX sign-off

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 2

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 3

  	
   

  	
   

  	
   

  	
  10/19/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Disclosure Committee 10-Q Review Meeting

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 3

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 4

  	
   

  	
   

  	
   

  	
  10/21/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  KSS Review

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Comments on Draft 4

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 5

  	
   

  	
   

  	
   

  	
  10/22/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Draft 2 of Genworth 10Q to GE

  	
   

  	
   

  	
   

  	
  10/23/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  
	
  Audit Committee Meeting

  	
   

  	
   

  	
   

  	
  10/24/04

  	
   

  	
  •

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Final Genworth 10Q to GE

  	
   

  	
   

  	
   

  	
  10/29/04

  	
   

  	
  •

  	
   

  	
  •

  	
   

  	
   

  	
   

  

 

5

 

 

Schedule 4.3

 

FP&A
Reports

 

See FP&A Report worksheets in Excel document attached hereto

 

 

1

 

Schedule 4.3 FP&A Reports (SII)

 

	
   

  	
   

  	
   

  	
  Equity

  	
  Cost —

  
	
  Schedule Name(s)

  	
  Description (Contents)

  	
  Cons

  	
  (A)

  	
  (B)

  
	
  DR70PGEC — Business/Operating Level

  	
  P&L and Balance Sheet Details for the
  Estimate

  	
  •

  	
   

  	
   

  
	
   

  	
  Total Assets, Gross Revenues, IBIT,
  Provision for Taxes,

  	
  •

  	
   

  	
   

  
	
   

  	
  Business Share Allocation, Earnings Unconsolidated
  Affiliates, Extraordinary Gains/Losses, Net Income, Total Write-offs,
  Securitization (NI, Pre Tax Income, Assets)

  	
   

  	
   

  	
   

  
	
  Estimated P&L and Balance Sheet

  	
  Replaces DR’s when in Equity Method; will
  use estimate in order to forecast income associated with the equity
  investment

  	
   

  	
  •

  	
   

  
	
  Acquisition and Disposition Data

  	
  Revenue and NI from
  Acquisitions/Dispositions (Excel Template)

  	
  •

  	
   

  	
   

  
	
  FIN46 SPE Data

  	
  Assets and P&L Estimates relating to
  FIN46 (Excel Template)

  	
  •

  	
   

  	
   

  
	
  Variance Analysis Comments & Key
  Drivers and Net Income Walk Analysis

  	
  WRI / Excel

  	
  •

  	
  •

  	
   

  
	
  Rooftop Spending; Rooftop Savings

  	
  Excel Template

  	
  •

  	
   

  	
   

  
	
  Notes:

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated Due Date:

  	
  Session II is Generally Due Mid — October

  	
   

  	
   

  	
   

  

(A) - Under Equity Method the P&L,
Balance Sheet, and Key Drivers will be due per the GE timeline as provided in
the quarterly instructions.

 

(B) - Under Cost Method the P&L, Balance
Sheet, and Key Drivers will be due per the Genworth quarterly SEC filing
timelines.

 

 

2

 

 

Schedule 4.3 FP&A  Reports (SRO)

 

	
   

  	
   

  	
   

  	
  Equity

  	
  Cost —

  
	
  Schedule Name(s)

  	
  Description (Contents)

  	
  Cons

  	
  (A)

  	
  (B)

  
	
  DR95GECS

  	
  P&L and Balance Sheet Details for the
  Estimate

  	
  •

  	
   

  	
   

  
	
   

  	
  Total Assets, Gross Revenues, IBIT,
  Provision for Taxes,

  	
  •

  	
   

  	
   

  
	
   

  	
  Business Share Allocation, Earnings
  Unconsolidated Affiliates,

  Extraordinary Gains/Losses, Net Income,
  Total Write-offs,

  Securitization (Net Income, Pre Tax Income,
  Assets)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated P&L and Balance Sheet 

  	
  Replaces DR’s when in Equity Method; will
  use estimate in order to forecast income associated with the equity
  investment

  	
   

  	
  •

  	
   

  
	
  Acquisition and Disposition Estimate

  	
  Revenue and NI from
  Acquisitions/Dispositions (Excel Template)

  	
  •

  	
   

  	
   

  
	
  WRI Risks and Opportunities

  	
  WRI Comments of Risks and Opportunities

  	
  •

  	
   

  	
   

  
	
  NI Variance Analysis Comments 

  	
  Consolidated: WRI Comments for NI Variance
  Elements; Equity

  Method: Spreadsheet Comments

  	
  •

  	
  •

  	
   

  
	
  Key Assumptions Comments 

  	
  Consolidated: WRI Comments for NI Variance
  Elements; Equity

  Method: Spreadsheet Comments

  	
  •

  	
  •

  	
   

  
	
  FIN46 SPE Data

  	
  Assets and P&L Estimates relating to
  FIN46 (Excel Template)

  	
  •

  	
   

  	
   

  
	
  Notes:

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated Due Date: 

  	
  SRO estimates take place 5 times each year;
  Estimated timeframes

  are Late February, Late May, Late August,
  Mid October and Mid

  November

  	
   

  	
   

  	
   

  
	
  NI Variance Analysis and Key Assumptions

  	
  Under equity method these will not be
  completed in WRI, but we will

  need to see the key drivers analysis to
  accompany the estimate

  	
   

  	
   

  	
   

  

(A) - Under Equity Method the P&L,
Balance Sheet, and Key Drivers will be due per the GE timeline as provided in
the quarterly instructions.

 

(B) - Under Cost Method the P&L, Balance
Sheet, and Key Drivers will be due per the Genworth quarterly SEC filing
timelines.

 

 

3

 

 

Schedule 4.3 FP&A Reports (S1)

 

FP&A - Data requirements
for Session I

 

	
   

  	
   

  	
   

  	
  Equity

  	
  Cost —

  
	
  Schedule Name(s)

  	
  Description (Contents)

  	
  Cons

  	
  (A)

  	
  (B)

  
	
  DR70LGEC — Business/Operating Level

  	
  P&L and Balance Sheet Details for the
  Estimate

  	
  •

  	
   

  	
   

  
	
   

  	
  Total Assets, Gross Revenues, IBIT,
  Provision for Taxes,

  	
  •

  	
   

  	
   

  
	
   

  	
  Business Share Allocation, Earnings
  Unconsolidated Affiliates, Extraordinary Gains/Losses, Net Income, Total
  Write-offs, Securitization (NI, Pre Tax Income, Assets)

  	
   

  	
   

  	
   

  
	
  Estimated P&L and Balance Sheet 

  	
  Replaces DR’s when in Equity Method; will
  use estimate in

  order to forecast income associated with
  the equity investment

  	
   

  	
  •

  	
   

  
	
  Acquisition and Disposition Data 

  	
  Revenue and NI from
  Acquisitions/Dispositions (Excel

  Template)

  	
  •

  	
   

  	
   

  
	
  FIN46 SPE Data

  	
  Assets and P&L Estimates relating to
  FIN46 (Excel Template)

  	
  •

  	
   

  	
   

  
	
  Variance Analysis Comments & Key
  Drivers and Net Income Walk Analysis

  	
  WRI / Excel

  	
  •

  	
  •

  	
   

  
	
  Notes:

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated Due Date:

  	
  Session I is Generally Due during Late
  2Q/Early 3Q

  	
   

  	
   

  	
   

  

(A) - Under Equity Method the P&L,
Balance Sheet, and Key Drivers will be due per the GE timeline as provided in
the quarterly instructions.

 

(B) - Under Cost Method the P&L, Balance
Sheet, and Key Drivers will be due per the Genworth quarterly SEC filing
timelines.

 

 

4

 

Schedule 4.3 FP&A Reports (Op Plan)

 

FP&A — Data requirements
for Op Plan

 

	
   

  	
   

  	
   

  	
  Equity

  	
  Cost —

  
	
  Schedule Name(s)

  	
  Description (Contents)

  	
  Cons

  	
  (A)

  	
  (B) (C)

  
	
  DR70PGEC — Business/Operating Level

  	
  P&L and Balance Sheet Details for the
  Estimate

  	
  •

  	
   

  	
   

  
	
   

  	
  Total Assets, Gross Revenues, IBIT, Provision
  for Taxes,

  	
  •

  	
   

  	
   

  
	
   

  	
  Business Share Allocation, Earnings
  Unconsolidated Affiliates,

  Extraordinary Gains/Losses, Net Income,
  Total Write-offs,

  Securitization (NI, Pre Tax Income, Assets)

  	
   

  	
   

  	
   

  
	
  Estimated P&L and Balance Sheet 

  	
  Replaces DR’s when in Equity Method; will
  use estimate in

  order to forecast income associated with
  the equity investment

  	
   

  	
  •

  	
  •

  
	
  Acquisition and Disposition Data 

  	
  Revenue and NI from
  Acquisitions/Dispositions (Excel

  Template)

  	
  •

  	
   

  	
   

  
	
  FIN46 SPE Data

  	
  Assets and P&L Estimates relating to
  FIN46 (Excel Template)

  	
  •

  	
   

  	
   

  
	
  Variance Analysis Comments & Key
  Drivers

  	
  WRI / Excel

  	
  •

  	
  •

  	
   

  
	
  and Net Income Walk Analysis

  	
   

  	
   

  	
   

  	
   

  
	
  Notes:

  	
   

  	
   

  	
   

  	
   

  
	
  Estimated Due Date:

  	
  Op Plan is Generally Due the Thrird Week in
  January

  	
   

  	
   

  	
   

  

(A) - Under Equity Method the P&L,
Balance Sheet, and Key Drivers will be due per the GE timeline as provided in
the quarterly instructions.

 

(B) - Under Cost Method the P&L, Balance
Sheet, and Key Drivers will be due per the Genworth quarterly SEC filing
timelines.

 

(C) - Applicable as long as GE owns at least
5% of Genworth common stock.

 

 

5

 

 

Schedule 4.8

 

Monthly
Financial Information

 

See Monthly Financial Information worksheet within Excel
document attached hereto

 

 

1

Schedule 4.8

FP&A Reports

(Monthly)

 

 

 

GE Capital Services

Data Parking Lot (DPL)/Corporate Data Repository (CDR)

2004 Monthly/Quarterly Closing - File Submission Due Dates

GE Capital
Services Monthly Close is the last Fiscal Saturday, 

Not the Last Sunday as on the GE Fiscal Calendar

Reminder,
the dates below may be superceded by the Quarterly Closing Instructions

 

 

 

	
  Month

  	
   

  	
  AU

  	
  MU

  	
  MO

  	
  MF

  	
  AL

  	
  ML

  
	
  January

  	
   

  	
  N/A

  	
  Feb
  5 by 11:59 PM

  	
  Feb
  6 by 11:59 PM

  	
  Feb
  6 by 11:59 PM

  	
  N/A

  	
  Feb
  6 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  February

  	
   

  	
  N/A

  	
  Mar
  4 by 11:59 PM

  	
  Mar
  5 by 11:59 PM

  	
  Mar
  5 by 11:59 PM

  	
  N/A

  	
  Mar
  5 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March

  	
  a

  	
  Mar
  30 by 11:59 PM

  	
  Mar.
  28 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  N/A

  
	
   

  	
  b

  	
  Mar
  31 by Noon

  	
  Mar.
  28 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  Apr
  2 by 11:59 PM

  	
  N/A

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  April

  	
   

  	
  N/A

  	
  May
  6 by 11:59 PM

  	
  May
  7 by 11:59 PM

  	
  May
  7 by 11:59 PM

  	
  N/A

  	
  May
  7 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  May

  	
   

  	
  N/A

  	
  Jun
  3 by 11:59 PM

  	
  Jun
  4 by 11:59 PM

  	
  Jun
  4 by 11:59 PM

  	
  N/A

  	
  Jun
  4 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June

  	
  a

  	
  June
  29 by 11:59 PM

  	
  June
  27 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  N/A

  
	
   

  	
  b

  	
  June
  30 by Noon

  	
  June
  27 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  Jul
  2 by 11:59 PM

  	
  N/A

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July

  	
   

  	
  N/A

  	
  Aug
  5 by 11:59 PM

  	
  Aug
  6 by 11:59 PM

  	
  Aug
  6 by 11:59 PM

  	
  N/A

  	
  Aug
  6 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  August

  	
   

  	
  N/A

  	
  Sep
  2 by 11:59 PM

  	
  Sep
  3 by 11:59 PM

  	
  Sep
  3 by 11:59 PM

  	
  N/A

  	
  Sep
  3 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  September

  	
  a

  	
  Sep
  28 by 11:59 PM

  	
  Sep
  26 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  N/A

  
	
   

  	
  b

  	
  Sept
  29 by Noon

  	
  Sep
  26 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  Oct
  1 by 11:59 PM

  	
  N/A

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  October

  	
   

  	
  N/A

  	
  Nov
  4 by 11:59 PM

  	
  Nov
  5 by 11:59 PM

  	
  Nov
  5 by 11:59 PM

  	
  N/A

  	
  Nov
  5 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November

  	
   

  	
  N/A

  	
  Dec
  2 by 11:59 PM

  	
  Dec
  3 by 11:59 PM

  	
  Dec
  3 by 11:59 PM

  	
  N/A

  	
  Dec
  3 by 11:59 PM

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  December

  	
   

  	
  Jan
  5 by 6:00 PM

  	
  Jan
  1 by 11:59 PM

  	
  Jan
  7 by 8:00 AM

  	
  Jan
  7 by 8:00 AM

  	
  Jan
  7 by 8:00 AM

  	
  N/A

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  a
  - Non 3 day close businesses

  	
   

  	
  b
  - 3 day close businesses

  	
   

  	
   

  

 

 

 

 

2

 

Schedule 5.2(d)

 

Transaction
Documents – Genworth Indemnification

 

Asset Management Services Agreement

Derivative Management Services
Agreement

Mortgage Services Agreement

Outsourcing Services Separation
Agreement

Registration Rights Agreement

Tax Matters Agreement

Transition Services Agreement

Long-Term Care Retrocession
Agreements

Structured Settlement Annuity
Reinsurance Agreements

Variable Annuity Reinsurance
Agreements

Medicare Supplement Reinsurance
Agreement

European Transition Services
Agreement

International Tax Matters Agreements

French Transfer Agreement

Investment Management Agreements

Trust Agreements

Capital Maintenance Agreement

Business Services Agreement

UFLIC ESG Services Agreement

JLIC Recapture Agreement

UFLIC Agreements

 

 

1

 

Schedule 5.3(c)

 

 

Transaction
Documents – GE Indemnification

 

Asset Management Services Agreement

Derivative Management Services
Agreement

Mortgage Services Agreement

Outsourcing Services Separation
Agreement

Registration Rights Agreement

Tax Matters Agreement

Transition Services Agreement

Long-Term Care Retrocession
Agreements

Structured Settlement Annuity
Reinsurance Agreements

Variable Annuity Reinsurance
Agreements

Medicare Supplement Reinsurance
Agreement

European Transition Services
Agreement

International Tax Matters Agreements

French Transfer Agreement

Investment Management Agreements

Trust Agreements

Capital Maintenance Agreement

Business Services Agreement

UFLIC ESG Services Agreement

JLIC Recapture Agreement

UFLIC Agreements

 

 

1

 

Schedule
5.4

 

IPO Registration
Statement

 

•      The last 3 sentences of the 5th paragraph under
“Prospectus Summary—Formation of Genworth Financial, Inc.”

•      The 2nd, 3rd, 4th and 5th sentences under “Risk
Factors—Risks Relating to Our Separation from GE — GE has significant control
over us and may not always exercise its control in a way that benefits our
public stockholders.”

•      The 2nd paragraph under “Risk Factors— Risks
Relating to this Offering—Future sales of a substantial number of shares of our
common stock may depress the price of our shares.”

•      The last 2 sentences of the 4th paragraph under
“Corporate Reorganization—Our History”

•      The last 3 sentences of the 5th paragraph under
“Corporate Reorganization—Formation of Genworth Financial, Inc.”

•      The 2nd paragraph under “Ownership of Common
Stock.”

•      The 2nd paragraph (except the 1st sentence) under
“Shares Eligible for Future Sale — Sale of Restricted Shares.”

 

Equity Units Registration Statement

 

•      The last 3 sentences of the 5th paragraph under
“Prospectus Summary—Formation of Genworth Financial, Inc.”

•      The 2nd, 3rd, 4th and 5th sentences under “Risk
Factors—Risks Relating to Our Separation from GE — GE has significant control
over us and may not always exercise its control in a way that benefits our
public stockholders.”

•      The 2nd paragraph under “Risk Factors— Risks
Relating to the Equity Units—The trading prices for the Corporate Units and
Treasury Units will be directly affected by the trading prices of our Class A
Common Stock—Future sales of a substantial number of shares of our common stock
may depress the price of our shares.”

•      The last 2 sentences of the 4th paragraph under
“Corporate Reorganization—Our History”

•      The last 3 sentences of the 5th paragraph under
“Corporate Reorganization—Formation of Genworth Financial, Inc.”

•      The 2nd paragraph under “Ownership of Common
Stock.”

•      The 2nd paragraph (except the 1st sentence) under
“Shares Eligible for Future Sale — Sale of Restricted Shares.”

 

Series A Preferred Stock Registration Statement

 

•      The last 3 sentences of the 5th paragraph under
“Prospectus Summary—Formation of Genworth Financial, Inc.”

•      The 2nd, 3rd, 4th and 5th sentences under “Risk
Factors—Risks Relating to Our Separation from GE — GE has significant control
over us and may not always exercise its control in a way that benefits our
public stockholders.”

•      The last 2 sentences of the 4th paragraph under
“Corporate Reorganization—Our History”

 

 

1

 

•      The last 3 sentences of the 5th paragraph under
“Corporate Reorganization—Formation of Genworth Financial, Inc.”

•      The 2nd paragraph under “Ownership of Common
Stock.”

•      The 2nd paragraph (except the 1st sentence) under
“Shares Eligible for Future Sale — Sale of Restricted Shares.”

 

2

 

Schedule 6.3

 

Insurance
Coverage

 

 

	
  General
  Electric Company

  
	
  Global
  Insurance Programs

  
	
  Property
  / Casualty

  

 

See worksheet attached entitled Blue Ridge 2004 Insurance Schedule

 

 

1

 

Schedule
6.3

GENERAL ELECTRIC COMPANY

2004 Schedule of Insurance

UPDATED AS OF April 15, 2004

 

	
  Type of Insurance

  	
   

  	
  Underwriter

  	
   

  	
  Renewal Date

  	
   

  	
   

  	
  2004
  Premium Allocation

  
	
  A.  LIABILITY

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  Aircraft Liability

  	
   

  	
  Global Aerospace

  	
   

  	
  9/16/2004

  	
   

  	
  $

  	
  —

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Automobile Liability -
  U.S.

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
  $

  	
  100,500

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  General Liability - U.S.

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
  $

  	
  2,901,900

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Auto/General Liability -
  Foreign Master

  (DIC/DIL)

  	
   

  	
  ACE American Ins. Co.

  (reinsured 100% to Electric)

  	
   

  	
  12/1/2004

  	
   

  	
  $

  	
  585,400

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  Employer’s Liability -
  U.S.

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
  incl. under A.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6

  	
   

  	
  Employer’s Liability -
  Foreign Master

  	
   

  	
  ACE American Ins. Co.

  (reinsured 100% to Electric)

  	
   

  	
  12/1/2004

  	
   

  	
  incl. under A.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7

  	
   

  	
  Excess Liability  (Occurrence Coverage)

  (including coverages under 2 - 6 above)

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  12/1/2004

  	
   

  	
  incl. under A.3

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8

  	
   

  	
  Excess Liability  (Occurrence Coverage)

  (including coverages under 2 - 7 above)

  	
   

  	
  Munich-American (Am.
  Alternative)

  	
   

  	
  12/1/2004

  	
   

  	
  incl. under A.3

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9

  	
   

  	
  Excess Liability  (Occurrence Coverage)

  (including coverages under 2 - 8 above)

  	
   

  	
  National Union Fire
  Insurance Co. of Pittsburgh, PA (lead)

  	
   

  	
  12/1/2004

  	
   

  	
  incl. under A.3

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10

  	
   

  	
  Excess Liability
  (Occurrence Reported Covg)

  (including coverages under 2 - 9 above)

  	
   

  	
  Various

  	
   

  	
  12/1/2004

  	
   

  	
  incl. under A.3

  

 

 

2

 

	
  Type of Insurance

  	
   

  	
  Underwriter

  	
   

  	
  Renewal
  Date

  	
   

  	
  2004
  Premium Allocation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  B.  COMBINED SPECIALTY INSURANCE PROGRAM

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  4,338,500

  
	
  1

  	
   

  	
  Errors
  & Omissions (including Multimedia and Mortgage Operations Liability)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Broad-Form
  Crime (including Fidelity)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  Employment
  Practices

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Fiduciary
  Liability

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 1 (a)

  	
   

  	
  Self-Insured Retention

  	
   

  	
  N/A

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 1 (b)

  	
   

  	
  ACE-“fronted” policy only

  	
   

  	
  6/11/2004

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 2

  	
   

  	
  Max Re

  	
   

  	
  6/11/2005

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  Directors
  & Officers of GE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  a. Individuals
  (Non-indemnifiable)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 1

  	
   

  	
  ACE/XL/Munich

  	
   

  	
  6/11/2004

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  b. Company Reimbursement

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 1

  	
   

  	
  Self-Insured Retention

  	
   

  	
  N/A

  	
   

  	
   

  
	
   

  	
   

  	
  Layer 2

  	
   

  	
  Max Re

  	
   

  	
  6/11/2005

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  C.  GLOBAL PROPERTY, including:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  1,082,600

  
	
  1

  	
   

  	
  Property Damage

  	
   

  	
  ACE Insurance Co. &
  Others

  	
   

  	
  9/1/2004

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Business Interruption

  	
   

  	
  ACE Insurance Co. &
  Others

  	
   

  	
  9/1/2004

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  Earthquake/Flood

  	
   

  	
  ACE Insurance Co. &
  Others

  	
   

  	
  9/1/2004

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Transportation

  	
   

  	
  ACE Insurance Co. &
  Others

  	
   

  	
  9/1/2004

  	
   

  	
   

  

 

3

 

	
  Type of Insurance

  	
   

  	
  Underwriter

  	
   

  	
  Renewal
  Date

  	
   

  	
  2004
  Premium Allocation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  D.  OTHER

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  Transportation-Employee
  Moves

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
  $

  	
  —   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Environmental Impairment
  Expense

  	
   

  	
  ELM Insurance Co.
  (Electric)

  	
   

  	
  1/1/2005

  	
   

  	
  $

  	
  —   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  Workers’ Compensation

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
  $

  	
  1,350,000 *

  
	
   

  	
   

  	
  *Note that this program
  is billed based on actual claims paid during the calendar year, per agreement
  between Corp. Healthcare, Corp. Insurance, and GE businesses in 2001.  Allocation amount provided is only an
  estimate.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Excess Workers’
  Compensation

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  —   

  
	
   

  	
   

  	
  OH only, excess of
  self-insurance

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OH only, excess of
  self-insurance

  	
   

  	
  Electric Insurance Co.

  	
   

  	
  1/1/2005

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  Surety program (bonds
  issued as requested)

  	
   

  	
  Various

  	
   

  	
  n/a

  	
   

  	
  $

  	
  98,200

  

 

note:
Ohio businesses covered under one of the policies above, based on deductible
choice

 

 

 

4

 

 

Schedule
6.5(b)

 

All contracts and agreements listed in the GE restrictive covenant
database.

 

 

1

 

Schedule 6.10

 

Continuation
of Certain Arrangements

 

•      At Genworth’s request,
General Electric Capital Services, Inc. shall use commercially reasonable terms
to renew the Credit Derivative Transaction entered into with Deutsche Bank AG
London Branch dated as of March 13, 2002 relating to Brookfield Life Assurance
Company’s USD 400,000,000 Floating Rate Note Program Series 2002-A-1 for a
minimum of three additional five year periods on terms and conditions that are
substantially similar to the expiring terms.

 

•      GE Capital International
Holdings Corporation’s continuing obligations (relating to discussions with tax
authorities and general document access) under the Project Talon acquisition
agreement (pursuant to which Barclays Bank PLC’s Guernsey captive mortgage
insurer was acquired - since renamed GE Mortgage Insurance (Guernsey) Limited)

 

•      GEMICO US Undertaking
Agreement between GECC and International Business Machine Corporation dated
August 3, 1999 (IBM will upon notice make available to the Superintendent of
Financial Institution of Canada for inspection at the Facilities all data or
information being processed or maintained by it in respect of the daily insurance
operation of GE Capital Mortgage Insurance Company (Canada))

 

 

1

 

Schedule 6.12(b)(i)(B)

 

Business
Activities

 

•      Acquiring any mortgage loan
portfolio from a third party, extending loans to customers without regard to
the ratio of the principal amount of the loan to the value of the property
against which it is secured or where the loan is secured by a second or
subsequent mortgage.

 

•      Providing a guarantee (or
similar arrangement) in respect of any mortgage securities or mortgage loan
portfolios that are sold to a third party (i) by GE or any Affiliate of GE, or
(ii) by another third party that purchased such securities or loans from GE or
any Affiliate of GE.

 

•      Private label long-term care
insurance services (e.g., business of ERC Long Term Care Solutions, Inc.)

 

•      Private label and turnkey
services for primary insurers (including product development, administration
and reinsurance)

 

•      Life insurance and similar
products marketed or underwritten by the PMG business (e.g., “Instant Issue
Life Insurance, Juvenile Life, Whole Life), including burial policies.

 

•      Commercial auto insurance

 

 

1

 

Schedule 6.15

GE
Policies

 

Communications/IR

Covered by Master
Agreement

 

EHS

Covered by GE
Integrity Policy – See below under Legal/Compliance

 

Facilities

Real Estate
Services Operation (RESO) Process Documentation (Operational Processes)

 

Finance/Accounting

GEFA Travel and
Living Policy

 

Governance

Covered by Master
Agreement and Genworth Charter and Bylaws

 

HR

•      Existing local Genworth programs, practices and
policies pursuant to the Employee Matters Agreement and as amended from time to
time consistent with the Employee Matters Agreement

•      Employee Relations Bulletins (e.g., absence
payments, emergency aid, Continuity of Service Rules, etc.)

•      Employment Data Protection Standards

•      Contingent Worker Standards and Guidelines

•      Immigration and Cross Border Mobility Practices

•      GEFA Pre-hire/Sourcing Background Checking

•      Employee Innovation and Propriety Information
Protocol

•      ADR Process (DRP or Resolve)

 

IP

Interim Identity
Guidelines (until such time as Exhibit B (Standards and Guidelines) to the
Transitional Trademark License Agreement is completed and attached to the
Transitional Trademark License Agreement)

 

Legal/Compliance

•      The policies summarized in the compliance guide
entitled “Integrity: the Spirit and Letter of Our Commitment,” the full text of
which are published in their entirety on the website integrity.ge.com and any
subsequent amendments or revisions thereto (Collectively “the Spirit and Letter
Policies”)

•      The implementing procedures for the Spirit and
Letter Policies

•      The compliance program requirements contained in
the publication entitled “Compliance and Integrity:  A Guide for Leaders”

•      The Security and Crisis Management Policy
published at Integrity.ge.com

 

 

1

 

•      The Document Management Procedures published at
Integrity.ge.com

•      Those Management Procedures published at
Integrity.ge.com that are deemed by the GE Policy Compliance Review Board or
its designee to apply to the operations of Genworth

•      The requirements for reporting significant
litigation quarterly and annually and trials as required by the Senior Counsel
for Litigation and Legal Policy

•      Any compliance requirements established by the GE
Policy Compliance Review Board

•      Procedures for reporting potential conflicts of
interest, including the requirements for periodic surveys of employees to
detect potential conficts of interest

•      Requirements for the monitoring of securities
transactions by transaction restricted employees

•      Procedures governing the reporting of concerns by
lawyers - in accordance with Section 307 of the Sarbanes-Oxley Act

•      Procedures for reporting concerns to the Board of
Directors  — in accordance with Section
301 of the Sarbanes-Oxley Act and the listing requirements of the New York
Stock Exchange

•      Amended or forthcoming versions of all of these
policies/procedures

•      The Genworth PAC will coordinate all solicitation
and disbursement activities with the GEPAC Administrator or the Secretary of
GEPAC, and ensure that it complies with aggregate disbursement limits set by
Federal Election Commission rules and campaign finance statutes.

•      With respect to solicitation activities in 2004
(or any year in which an employee may have contributed to GEPAC directly or
through payroll deduction), GenworthPAC and GEPAC must ensure that payroll and
check contributions do not in combination exceed individual PAC contribution
limits (currently $5,000 per year.)

•      With respect to disbursements, GenworthPAC must
submit contribution requests to the GEPAC Administrator to determine the
remaining amount which may be contributed, and determine which entity among the
affiliated PACs will make the contribution. 
GenworthPAC limits are subject to the full 6 year cycle of US Senate
races and the 2 year cycle for House races.

 

Risk

Policy 5.0
approval authorities for new business

Policy 6.0 for
portfolio/product management processes

 

Sourcing/IT

Corporate Security
Policy

Corporate Data
Privacy Policy

IT Policies
related to maintaining adequate disclosure controls under the Sarbanes-Oxley
Act

 

Tax

Covered by Tax
Matters Agreements and International Tax Matters Agreements

 

Treasury

Match Funding
Policy

Debt and Credit
Support Obligations Policy

 

2

 

Cash Management Policies:  Paper Remittance and Disbursements Policy; Overnight
Investment/Borrowing Policy; Electronic Funds Transfers Policy; Obtaining and
Maintaining Policy; Opening, Closing and Amending Bank Accounts Policy;
provided, however, that such policies shall apply only so long as Genworth
receives each management service

Capital Investments
Policy (covered by GE Policy Info 30.6)

Foreign Exchange Policy; provided, however, that such
policies shall apply only so long as Genworth receives foreign exchange
services

Commodity Hedging
policy

Anti-Money
Laundering Policy

Derivatives Policy

OFAC Policy

Compliance
Policies Relating to Negative Pledge Covenant and Other Covenants in Debt
Documentation

 

3

 

Schedule 7.1

 

Transaction
Documents – Dispute Resolution

 

Asset Management Services Agreement

 

Derivatives Management Services Agreement

 

Liability and Portfolio Management Agreement

 

Mortgage Services Agreement

 

Outsourcing Services Separation Agreement

 

Tax Matters Agreement

 

Long-Term Care Retrocession Agreements

 

Structured Settlement Annuity Reinsurance Agreements

 

Variable Annuity Reinsurance Agreements

 

Medicare Supplement Reinsurance Agreement

 

Business Services Agreement

 

Investment Management Agreements

 

Transitional Trademark Licensing Agreement

 

FACL Reinsurance Agreement

 

FICL Reinsurance Agreement

 

International Tax Matters Agreements

 

European Transition Services Agreement

 

Form of Liability and Portfolio Asset Management Agreements

 

French Reinsurance Agreement

 

UK Transfer Plan

 

Pre-Closing Transfer Documents

 

 

1

 

UFLIC ESG Services Agreement

 

Administrative Services Agreement included in
the UFLIC Agreements

 

Trust Agreements but only with respect to
disputes, controversies or claims with The Bank of New York

 

JLIC Recapture Agreement

 

2

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