Document:

EX-10.8

 Exhibit 10.8 

ASSIGNMENT AGREEMENT, CONSENT AND WAIVER IN ANTICIPATION OF REGULATORY FORM A FILING 

This ASSIGNMENT AGREEMENT, CONSENT AND WAIVER IN ANTICIPATION OF REGULATORY FORM A FILING (this “Agreement”), dated as of
February 28, 2021, is entered into by and among Brookfield Asset Management Inc., a corporation amalgamated under the laws of Ontario, Canada (“BAM”), Burgundy Acquisitions I Ltd., a limited company organized under the laws of
Bermuda (“Burgundy”), Brookfield Asset Management Reinsurance Partners Ltd., a Bermuda limited company (“BAM Reinsurance”), North End Re (Cayman) SPC, a Cayman segregated portfolio company (“North End
Reinsurance”), and American Equity Investment Life Holding Company, an Iowa corporation (“AEL”). 
 WHEREAS BAM,
Burgundy and AEL are parties to an Investment Agreement, dated as of October 17, 2020 (the “Investment Agreement”); and 

WHEREAS, pursuant to Section 21 of the Investment Agreement, (i) BAM desires to assign certain of its rights and obligations under
the Investment Agreement to BAM Reinsurance and (ii) Burgundy desires to assign all of its rights and obligations under the Investment Agreement to North End Reinsurance, each as further set forth herein. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, and intending to be legally bound, the parties
hereto hereby agree as follows: 
 1.    Burgundy Assignment to North End Reinsurance. Effective as of the date
that Burgundy delivers to AEL reasonably satisfactory written evidence (including any required regulatory approvals, consents or waivers) of the transfer by Burgundy to North End Reinsurance of all the Initial Investment, (a) Burgundy shall
hereby automatically assign, transfer and convey to North End Reinsurance, and North End Reinsurance shall hereby automatically accept, all of Burgundy’s right, title and interest in and to the Investment Agreement, (b) North End
Reinsurance shall hereby automatically assume all of the obligations of Burgundy under the Investment Agreement and be bound by all obligations of “Purchaser Subsidiary” under the Investment Agreement (the assignment and assumption under
the preceding clauses (a) and (b) being the “Burgundy Assignment”), and (c) Burgundy shall hereby automatically have no further rights and obligations as “Purchaser Subsidiary” under the Investment Agreement. In
furtherance of the foregoing, (i) from and after the effectiveness of the Burgundy Assignment, all references to “Purchaser Subsidiary” in the Investment Agreement shall be deemed to be to North End Reinsurance, other than with
respect to any representations, warranties, agreements or covenants that have been made or fully performed prior to the effectiveness of the Burgundy Assignment and (ii) North End Reinsurance hereby represents and warrants to AEL that, as of
the effectiveness of the Burgundy Assignment, (x) the Purchaser Representations (other than the Purchaser Specified Representations) with respect to Purchaser Subsidiary shall be true and correct in all material respects and (y) the
Purchaser Specified Representations with respect to Purchaser Subsidiary shall be true and correct in all respects, in each case, treating North End Reinsurance as the Purchaser. 

 2.    BAM Assignment to BAM Reinsurance. 

(a)    On and as of the date specified in writing by BAM to AEL as the effective date of the assignment and assumption
described in this Section 2 (the “BAM Assignment Effective Date”), which will be substantially simultaneously with, or immediately prior to, the consummation of the Reorganization Transactions (as defined below), BAM shall
hereby automatically assign, transfer and convey to BAM Reinsurance, and BAM Reinsurance shall hereby automatically accept, all of BAM’s right, title and interest in and to the Investment Agreement; provided that BAM shall remain bound by, and
BAM and BAM Reinsurance shall hereby automatically be jointly and severally liable for, the Purchaser’s obligations pursuant to Section 1.2, Section 2.1(b), Section 2.3(b), Section 4.3(b), Section 7.4(b),
Section 7.5, Section 7.6, Section 7.7, Section 7.9, Section 7.10 and Sections 11 through 21 of the Investment Agreement (such obligations, collectively, the “BAM Retained Obligations”) (the assignment and
assumption under the preceding sentence being the “BAM Assignment”). In furtherance of the foregoing, (i) from and after the effectiveness of the BAM Assignment, all references to the “Purchaser” in the Investment
Agreement shall be deemed to be to BAM Reinsurance, other than (x) with respect to any representations, warranties, agreements or covenants that have been made or fully performed prior to the effectiveness of the BAM Assignment or (y) with
respect to the BAM Retained Obligations, and (ii) BAM Reinsurance hereby represents and warrants to AEL that, as of the effectiveness of the BAM Assignment, (x) the Purchaser Representations (other than the Purchaser Specified
Representations) with respect to Purchaser shall be true and correct in all material respects and (y) the Purchaser Specified Representations shall be true and correct in all respects, in each case, treating BAM Reinsurance as the Purchaser.

 (b)    The BAM Assignment Effective Date shall not occur (i) prior to the Burgundy Assignment or (ii) later
than the time that both BAM Reinsurance and North End Reinsurance cease to be, directly or indirectly, wholly owned by BAM. 

3.    AEL Consent and Limited Waiver. Pursuant to Sections 11 and 21 of the Investment Agreement, (a) AEL
hereby consents to (i) the Burgundy Assignment and the transfer of all of the Initial Investment by Burgundy to North End Reinsurance and (ii) the BAM Assignment, in each case as further set forth in, and pursuant to and in accordance
with, Sections 1 and 2 hereof, and (b) waives any breach by Purchaser of its obligations under Section 7.10 of the Investment Agreement with respect to Purchaser’s obligations to make the filings described in such Section 7.10
with the Insurance Commissioner of the State of Iowa and NYDFS no later than December 31, 2020, so long as (i) BAM makes, or causes to be made, all such filings with BAM Reinsurance as the Purchaser and North End Reinsurance as the
Purchaser Subsidiary no later than the date that is five Business Days from the date hereof and (ii) such filings include a description of the reorganization transactions to be consummated by BAM that is mutually agreeable to BAM and AEL (the
transactions as so described, the “Reorganization Transactions”). 

4.    Miscellaneous.    Capitalized terms used herein and not otherwise defined herein shall
have the meanings given to such terms in the Investment Agreement. The provisions of Section 11 (Amendments and Waivers), Section 12 (Notices, etc.), Section 16 (Governing Law), Section 17 (Waiver of Jury
Trial), Section 19 (Counterparts; Electronic Signature), Section 20 (Severability) and Section 21 (Miscellaneous) of the Investment Agreement shall apply mutatis mutandis to this Agreement. 

 5.    Further Assurances. BAM, Burgundy, BAM Reinsurance and
North End Reinsurance each agree to perform (or cause to be performed) all such further acts and to execute and deliver all such other agreements, certificates, instruments and documents as any party hereto reasonably may request in order to carry
out the intent and accomplish the purposes of this Agreement and the assignments contemplated hereby. BAM shall keep AEL reasonably informed of the anticipated timing of the Reorganization Transactions and shall notify AEL in writing as soon as
reasonably practicable: (i) upon receiving any communication from any Governmental Authority with respect to any consent, approval, authorization or waiver required to consummate the Reorganization Transactions that causes BAM to believe that
there is a reasonable likelihood that any such consent, approval, authorization or waiver will not be obtained or that the receipt of any such consent, approval, authorization or waiver will be materially delayed or conditioned, (ii) if BAM
determines in good faith that the consummation of the Reorganization Transactions is no longer reasonably likely to occur by May 31, 2021 or (iii) if the Reorganization Transactions are otherwise terminated or abandoned by BAM. 

[Signature Pages Follow] 

 This Agreement is hereby agreed to as of the date first written above. 

 

					
	BROOKFIELD ASSET MANAGEMENT INC.
		
	by	 	/s/ Sachin Shah
		 	Name:	 	Sachin Shah
		 	Title:	 	Chief Investment Officer

  

					
	BURGUNDY ACQUISITIONS I LTD.
		
	by	 	/s/ James Bodi
		 	Name:	 	James Bodi
		 	Title:	 	Director

  

					
	BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS LTD.
		
	by	 	/s/ James Bodi
		 	Name:	 	James Bodi
		 	Title:	 	Director

  

					
	NORTH END RE (CAYMAN) SPC
		
	by	 	/s/ Greg McConnie
		 	Name:	 	Greg McConnie
		 	Title:	 	Director

  
 [Signature Page to
Assignment Agreement, Consent and Waiver] 

 
					
	AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
		
	by	 	/s/ Anant Bhalla
		 	Name:	 	Anant Bhalla
		 	Title:	 	Chief Executive Officer and President

  
 [Signature Page to
Assignment Agreement, Consent and Waiver]Exhibit 10.1

 

AMENDMENT NO. 1 TO ADMINISTRATIVE SERVICES AGREEMENT

 

This Amendment No. 1 to Administrative
Services Agreement (this “Amendment”), dated as of February 26, 2021, is made by Avalon Energy, LLC, a Texas limited
liability company (the “Company”), and SandRidge Permian Trust, a statutory trust formed under the laws of the State
of Delaware (the “Trust”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in
the Agreement (as defined below).

 

WHEREAS, SandRidge Energy,
Inc. (“SandRidge”) and the Trust entered into that certain Administrative Services Agreement, dated as of April 1,
2011 (the “Agreement”), pursuant to which the Company agreed to provide certain administrative services for the Trust
in exchange for an administrative services fee as described therein;

 

WHEREAS, on November 1, 2018,
SandRidge and the Company entered into an Assignment, Assumption and Consent Agreement pursuant to which SandRidge assigned and delegated
all of its rights, duties and obligations in the Agreement to the Company, and the Company assumed all such rights, duties and obligations,
from and after the Closing Date set forth in that certain Purchase and Sale Agreement dated as of September 17, 2018 among SandRidge,
SandRidge Exploration and Production, LLC, and the Company, in accordance with the terms thereof;

 

WHEREAS, pursuant to Section 5.05
of the Agreement, the Agreement may be amended by a written instrument executed by each of the Company and the Trust;

 

WHEREAS, in accordance with
Section 10.02(b) of the Amended and Restated Trust Agreement dated as of August 16, 2011 among the Company, the Trust and The Corporation
Trust Company (the “Trust Agreement”), the Trustee may amend the Agreement without the approval of the Trust unitholders,
provided that such amendment would not materially increase the costs or expenses of the Trust or materially adversely affect the economic
interests of Trust unitholders;

 

WHEREAS, the Company and the
Trust desire to amend Section 5.01(a) of the Agreement to revise the events that would terminate the Agreement in order to permit the
Trust to continue to receive services from the Company as are necessary to fulfill the purposes of the Trust as set forth in Section 2.02
of the Trust Agreement, until the Trust is finally liquidated and wound up in accordance with Section 9.03 of the Trust Agreement;

 

NOW, THEREFORE, in consideration
of the foregoing premises and the mutual covenants and conditions herein set forth, the Company and the Trust hereby agree as follows:

 

Section 1. Amendments.

 

Section 5.01(a) of the Agreement
is hereby amended and restated in its entirety to read as follows:

 

“(a)    This Agreement
shall become effective on the date of this Agreement and shall continue until the date (the “Termination Date”) that
is the earliest of:

 

(i)     the
date the Trust is finally wound up and liquidated in accordance with Section 9.03 of the Trust Agreement;

 

     

     

    

 

(ii)      the
date that all of the Conveyances have been terminated;

 

(iii)   the
date that either the Company or the Trustee may designate by delivering a written notice no less than 90 days prior to such date; provided,
that the Company’s drilling obligations under the Development Agreement shall have been completed by such date; provided, further,
that the Company shall not terminate this Agreement except in connection with the Company’s transfer of some or all of the Subject
Interests (as defined in the Conveyances) and then only with respect to the Services to be provided with respect to the Subject Interests
being transferred, and only upon the delivery to the Trustee of an agreement of the transferee of such Subject Interests, reasonably satisfactory
to the Trustee, in which such transferee assumes the responsibility to perform the Services relating to the Subject Interests being transferred;
and

 

(iv)     the
date as mutually agreed in writing by the parties to this Agreement.”

 

Section 2. Effect of Amendment.
Except as expressly modified and amended herein, all of the terms and conditions of the Agreement shall remain in full force and effect.

 

Section 3. Governing Law.
This Amendment shall be governed by, and construed in accordance with, the laws of the State of
New York, without giving effect to any choice or conflict of law principles that would cause the application of the laws of any other
jurisdiction.

 

[Signature page follows.]

 

    -2- 

     

    

 

 

IN WITNESS WHEREOF,
this Amendment has been signed by the parties hereto as of the day and year first above written.

 

	 	AVALON ENERGY, LLC

 

	 	By:	/s/ Brandon Hall
	 	 	Name:	Brandon Hall
	 	 	Title:	CFO

 

	 	SANDRIDGE PERMIAN TRUST

 

		By:	The Bank of New York Mellon Trust Company, N.A., as Trustee

 

	 	By:	/s/ Sarah Newell
	 	 	Name:	Sarah Newell
	 	 	Title:	Vice President

 

[Signature Page to Amendment
No. 1 to Administrative Services Agreement]

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