Document:

Exhibit 10.B

 EXHIBIT (10)(b) 
 OPINION AND CONSENT OF ACTUARY 

 [Western Reserve Life Assurance Co. of Ohio] 
 June 1, 2006 
 Western Reserve Life Assurance Co. of Ohio 
 4333 Edgewood Road NE 
 Cedar Rapids, Iowa 52499-0001 
  

			
	Re:	  	WRL Freedom Wealth Creator
		  	WRL Series Annuity Account
		  	Registration on Form N-4

 Dear Sir/Madam: 
 With regard to the above registration statement, I have examined such documents and made such inquiries as I have deemed necessary and appropriate, and on the basis of such examination, have the following opinions:

 Fees and charges deducted under the WRL Freedom Wealth Creator policies are those deemed necessary to appropriately reflect: 
  

	(1)	the expenses incurred in the acquisition and distribution of the policies; 

  

	(2)	the expenses associated with the development and servicing of the policies; and 

  

	(3)	the assumption of certain risks arising from the operation and management of the policies and/or riders to the policy and that provides for a reasonable margin of profit.

 Fees and charges assessed against the policy values in the variable account include: 
  

	(i)	Service Charge and Administrative Charge; 

  

	(ii)	Mortality and Expense Risk Fee (M&E); 

  

	(iii)	Taxes (including premium and other taxes if applicable); 

  

	(iv)	Surrender Charges; and 

  

	(v)	Any applicable rider fees or charges. 

 Western Reserve Life Assurance Co. of Ohio 
 June 1, 2006 
 Page 2 
 The magnitude of each of the individual charges listed above in (i) through (v) is established in the pricing of the WRL Freedom Wealth Creator, to achieve a
reasonable Return on Investment (ROI), which is within the range of industry practice with respect to comparable variable annuity products. 
 Except by
coincidence, it is not expected that actual charges assessed in a given year would exactly offset actual expenses incurred. Acquisition expenses (as well as major product and/or systems development expenses) are incurred “up front” and
recovered, with a reasonable profit margin, through future years’ charges. In addition, the company cannot increase certain charges under the policies in the pricing process. 
 Therefore, in my opinion, the fees and charges deducted under the policies, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the
company. 
 I hereby consent to the use of this opinion, which is included as an Exhibit to the registration statement.

  

	
	 /s/ Richard Greer

	Richard Greer, FSA, MAAA
	Managing Actuary
	Western Reserve Life Assurance Co. of OhioSeventh Amendment to the Development Agreement

 Exhibit 10.0 
  

			
	 Exhibit 10.0
 as filed with

10-Q
	  	Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

 SEVENTH AMENDMENT TO DEVELOPMENT AGREEMENT 
 This SEVENTH AMENDMENT TO THE DEVELOPMENT AGREEMENT (this “Seventh Amendment”) is made and entered into as of April 7, 2006 (the
“Seventh Amendment Effective Date”) by and between DIRECTV, Inc., a California corporation (“DIRECTV”), and TiVo Inc., a Delaware corporation (“TiVo”) (collectively, the “Parties”).

 Recitals 
 Whereas, the Parties entered into that certain Development Agreement having an effective date of February 15, 2002 (the “Development Agreement”); 
 Whereas, the Parties have previously amended the Development Agreement via that certain First Consolidated Amendment dated October 31, 2002,
that certain Second Amendment dated December 20, 2002, that certain Third Amendment dated January 8, 2003, that certain Fourth Amendment dated April 17, 2003, that certain Fifth Amendment dated December 19, 2003, and that certain
Sixth Amendment dated April 30, 2004; and 
 Whereas, the Parties wish to further amend certain provisions in the Development
Agreement. 
 Now, Therefore, the Parties agree as follows: 
 Agreement 
 Unless stated otherwise, capitalized terms used herein shall have the meanings set
forth in the Development Agreement. 
  

	 	1.	Definitions. Section 1.15 is hereby deleted and replaced in its entirety by the following: 

 “1.15 “TiVo Software” shall mean the version of software most recently deployed by DIRECTV for each of the
Combination Receivers.” 
 In addition, Article I is hereby amended to add the following provisions: 
 “1.20 “DIRECTV Covered System” means a [*] for providing [*]. 
 1.21 “IPG” means [*] which allows [*] information [*] 
  

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

 
combined with the [*]. 
 1.22
“PVR” means a [*] that [*]. 
 1.23 “Satellite Receiver” means a [*] that [*]. 
 1.24 “Subsidiary” of an entity (the “Parent Entity”) means any entity, the majority voting power of which is controlled,
directly or indirectly, by the Parent Entity. 
 1.25 “TiVo Licensed Technology” means any technology or intellectual
property rights therein licensed by TiVo or a TiVo Subsidiary to a TiVo distributor or TiVo licensee for use in a TiVo Covered System pursuant to a bona fide commercial transaction, which technology or intellectual property is actually
implemented or used in a specific TiVo Covered System utilized, deployed or otherwise exploited by such TiVo distributor or TiVo licensee. For clarity, TiVo Licensed Technology does not include any technology provided or supplied by a TiVo
distributor or TiVo licensee for implementation or use in a TiVo Covered System. 
 1.26 “TiVo Covered System” means [*]
systems related to [*]. 
 1.27 “T & M Rate” means [*] until the first anniversary of the Seventh Amendment
Effective Date and, in each subsequent year, [*] rate determined by multiplying the [*] rate from the preceding year times [*].” 
  

	 	2.	Project Change Requests. Section 2.3(f) of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “(f) Project Change Requests. Each party may initiate a project change request (“PCR”) regarding the features of the TiVo
Software by submitting to the other party a detailed description of the PCR in the form attached as Exhibit I (Project Change Request Form). The parties will work together in good faith to estimate the feasibility, schedule and cost of each
PCR, with such estimate to be completed within 30 days of a party’s initiation of the PCR. With respect to PCRs initiated by DIRECTV, each such PCR shall be priced by TiVo at the T & M Rate. The party initiating the PCR will accept or
reject the PCR within 30 days of completion of the estimate. Once provided with schedule and cost, neither Party is under an obligation to accept the PCR, provided that TiVo may not reject a PCR initiated by DIRECTV if DIRECTV agrees to pay for the

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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 changes described in the PCR at the T & M Rate and provides TiVo a commercially reasonable amount of
time to perform the changes described in the PCR, including, without limitation, all development and testing necessary to implement such changes. Upon mutual acceptance of the PCR, the Parties will work together to prepare a finalized development
schedule, product requirement document and associated fee schedule in order to implement the accepted PCR.” 
  

	 	3.	Corrections. Section 2.4 of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “2.4 Corrections. Notwithstanding the foregoing, if at any time during the Term of this Agreement DIRECTV or TiVo determines (i) that
there is a defect in the design for any of the DIRECTV-TiVo combination receivers (the “Combination Receivers”) as provided by TiVo under this Agreement; or (ii) that a Combination Receiver design as provided by TiVo or the
TiVo Software as provided by TiVo does not comply with the DIRECTV Technology, Exhibit A (Development Schedule and Specifications), the Interface Specifications (if applicable), the ATSC specifications (if applicable), or any applicable
product requirement document or specifications attached to any amendment to this Agreement, each of the foregoing as amended by any mutually agreed PCR, TiVo has an obligation to promptly correct such defect or non-compliance in accordance with the
provisions set forth in this Section 2.4. 
 (a) DIRECTV shall promptly notify TiVo of any such defect or non-compliance and shall
provide TiVo with sufficient supporting information and materials reasonably requested by TiVo to verify, diagnose and correct the reported defect or non-compliance. In the event of a dispute regarding whether there is a defect or non-compliance, or
failure by TiVo to promptly perform such correction, DIRECTV and TiVo shall immediately communicate such dispute to the appropriate business/project manager when such party becomes aware of the dispute. If such dispute cannot be mutually resolved by
such business/project managers within five (5) business days, then such dispute shall be immediately referred to the senior management of each party for discussion and attempted resolution. Further, the parties agree to collaborate on a remedy
of such defect as promptly as commercially reasonable, but not more than ten (10) business days from the time senior management begin discussions. The foregoing represents DIRECTV’s sole and exclusive remedy for any defect or
non-compliance in the designs or TiVo Software provided hereunder; provided, that in the event TiVo materially breaches its obligations to correct such defect or non-compliance, DIRECTV shall be entitled to exercise any and all legal and equitable
remedies available in accordance with the terms of this Agreement, including, but not limited to, release of the deliverables from the Software Escrow Account, as provided pursuant to Article XI (Network Operation Continuity). For [*]
following the end of the Term of this Agreement, upon DIRECTV’s request, TiVo agrees to provide the services set forth in this Section 2.4 at commercially 

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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 reasonable rates and subject to reasonable terms and conditions consistent with those set forth herein.

 (b) TiVo shall maintain sufficient staff and resource availability to fulfill its correction obligations under this
Section 2.4. In the event of any defect or non-compliance that prevents operation of the material functions of any Combination Receiver, TiVo shall promptly allocate no less than 2 dedicated personnel with appropriate experience and
expertise to diagnose and correct such defect or non-compliance, until such time as the correction is completed. In each instance, TiVo shall cooperate with DIRECTV and provide sufficient resources to permit the completion of any necessary TiVo
Software download to all affected Combination Receivers within a timeframe of no less than nine (9) weeks from the start of such download, provided that such timeframe will be increased for any delays not attributable to TiVo.” 

 

	 	4.	Reno, Provo and Two-Chip Receiver Fees. A new Section 3.4(d) is hereby added to the Development Agreement, to read as follows: 

 “(d) Notwithstanding anything in this Section 3.4 to the contrary, commencing on the Seventh Amendment Effective Date and
continuing through the expiration or termination of this Agreement, DIRECTV shall pay to TiVo monthly DVR/PVR Service Fees of not less than [*] per month. For purposes of clarification, if the actual calculation of DVR/PVR Service Fee
payments pursuant to this Article III declines below [*] at any time during the Term, DIRECTV will continue to make DVR/PVR Service Fee payments of [*] per month (but not beyond the expiration or termination of this Agreement). Upon the
mutual agreement of the parties, DIRECTV may advance some or all of the DVR/PVR Service Fees for any particular month to TiVo. Any such advance will reduce the minimum required monthly DVR/PVR Service Fees in that particular month by the amount of
the advance (i.e., the minimum DVR/PVR Service fee for a particular month would be [*] minus the amount of such DVR/PVR Service Fees paid to TiVo in advance).” 
  

	 	5.	Development Credits. A new Section 3.14 is hereby added to the Development Agreement, to read as follows: 

 “3.14 Development Credits. On an annual basis commencing on February 1, 2007, DIRECTV shall be entitled to a non-refundable
“Development Credit” [*] made to TiVo during the prior 12 months; provided, however, that the Development Credit in any particular year will be calculated without regard to whether DVR/PVR Service Fees have been advanced to TiVo
pursuant to Section 3.4(d). The Development Credits shall be applied against amounts payable by DIRECTV to TiVo for development services undertaken pursuant to an accepted PCR as set forth in Section 2.3(f), provided,
however, any Development Credits to which DIRECTV is entitled as of February 1 of a given year must be used by no later than January 31 of the subsequent year. Development Credits 

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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 not used by January 31 of the subsequent year shall be forfeited. DIRECTV may elect to use
Development Credits to which DIRECTV expects to be entitled as of February 1 of a given year, up to a maximum of [*] or such greater amount agreed by TiVo, toward amounts payable by DIRECTV to TiVo for development services undertaken
pursuant to an accepted PCR (e.g., if amounts are payable prior to February 1 of a given year). By way of example and not of limitation, between the Seventh Amendment Effective Date and January 31, 2007, DIRECTV may elect to apply
up to [*] of Development Credits that DIRECTV expects to receive as of February 1, 2007, against amounts payable pursuant to an accepted PCR; and the remaining Development Credits that DIRECTV receives as of February 1, 2007 must be used
between February 1, 2007, and January 31, 2008. In the event that TiVo agrees to perform development services with a value, based on the T & M Rate, in excess of DIRECTV’s Development Credits, DIRECTV shall pay TiVo such excess
amount, based on the T & M Rate.” 
  

	 	6.	Technology License. Section 4.6 is hereby deleted and replaced in its entirety with the following: 

 “At any time between the Effective Date and the Seventh Amendment Effective Date, DIRECTV may, at its option, elect to enter into a technology
license agreement with TiVo in the form attached hereto as Exhibit J (the “Technology License Agreement”) by providing TiVo with written notice of DIRECTV’s election to exercise such option. Upon such notice, the
parties shall execute the Technology License Agreement and DIRECTV shall pay to TiVo the applicable license fee set forth in Section 6.1 of the Technology License Agreement.” 
  

	 	7.	Manufacturing and Distribution License. Section 4.8(a) of the Development Agreement is hereby amended to add the following sentence at the end: 

“It is expressly agreed and understood that DIRECTV’s license to manufacture and distribute additional units of the Combination Receivers
containing TiVo Software, as set forth in items (i), (iv) and (vii) above, shall continue solely through the expiration of the Grace Period as described in Section 9.5. All other license provisions set forth above shall
continue through the Term, and shall survive the termination or expiration of the Term to the extent provided in Section 9.5.” 
 In addition, Section 4.8(b) of the Development Agreement is hereby amended to add the following sentence at the end: 
 “In
addition, DIRECTV (x) acknowledges that any use of TiVo’s trademarks as permitted hereunder or under the Original Marketing Agreement will inure to TiVo’s benefit and (y) will comply with TiVo’s trademark usage guidelines
and policies set forth at www.tivo.com/resources in connection with any use of TiVo’s trademarks in connection with DIRECTV’s distribution of Combination Receivers hereunder.” 

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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	 	8.	Phoenix-Specific Tools. Section 4.11 of the Development Agreement is hereby amended to add the following paragraph at the end: 

 “The rights and obligations set forth in this Section 4.11 will expire as of the Seventh Amendment Effective Date.” 
  

	 	9.	Support. A new Section 4.12 is hereby added to the Development Agreement, to read as follows: 

 “4.12 Support. TiVo shall provide to DIRECTV such services and support with respect to the Combination Receivers and subscribers as are
currently provided as of the Seventh Amendment Effective Date, continuing throughout the Term, so as to allow the Combination Receivers to continue to function in the manner they are functioning as of the Seventh Amendment Effective Date, including,
without limitation, all DVR/PVR Functionality. Examples of such services and support include, without limitation, the actions that TiVo undertakes to set a subscriber’s privacy status when the subscriber opts out of aggregate data
collection.” 
  

	 	10.	No Consents. Section 5.3 of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “5.3 No Consents. The execution and delivery of this Agreement in accordance with the terms thereof and the compliance by TiVo with the
provisions hereof or thereof (i) are not and will not be inconsistent with TiVo’s Charter or Bylaws, (ii) do not and will not contravene any Laws (as defined below) applicable to TiVo, and (iii) do not and will not contravene any
material provision of, or constitute a default under, any indenture, mortgage, contract, license, agreement or other instrument of which TiVo is a party or by which it is bound or requires the consent or approval of, the registration with or the
taking of any action by, any federal, state or local government authority or agency or other person.” 
 In addition, Section 6.3 of
the Development Agreement is hereby deleted and replaced in its entirety with the following: 
 “6.3 No Consents. The execution
and delivery of this Agreement in accordance with the terms thereof and the compliance by DIRECTV with the provisions hereof or thereof (i) are not and will not be inconsistent with DIRECTV’s Charter or Bylaws, (ii) do not and will
not contravene any Laws applicable to DIRECTV, and (iii) do not and will not contravene any material provision of, or constitute a default under, any indenture, mortgage, contract, license, agreement or other instrument of which DIRECTV is a
party or by which it is bound or requires the consent or approval of, the registration with or the taking of any action in respect by, any federal, state or local government authority or agency or other person.” 
  

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	 	11.	TiVo Covenant Not To Assert. Section 7.4 of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “7.4. TiVo Covenant 
 (a)
Covenant. During the Term (and thereafter as set forth in Section 7.4(b)), TiVo covenants that neither TiVo nor any of its Subsidiaries shall assert against The DIRECTV Group, Inc. (“Group”), the Subsidiaries of
Group (including DIRECTV, the “DIRECTV Subsidiaries”), or [*] any claim of infringement of any patent or patent application (including any patent(s) which may issue therefrom) owned or controlled by TiVo or TiVo’s Subsidiaries
during the Term (collectively, “TiVo Patents”) by any DIRECTV Covered System utilized, deployed or otherwise exploited in the Territory by or on behalf of the DIRECTV Subsidiaries, provided DIRECTV is not in material breach of any
term of this Agreement (and the Group and the other DIRECTV Subsidiaries have not taken any action that, if taken by DIRECTV, would be a breach hereof) which remains uncorrected after the proper notice of such material breach and within the cure
period specified in this Agreement. Beginning on the Seventh Amendment Effective Date, no later than 30 days after each calendar month, DIRECTV will provide TiVo’s Accounts Payable department ([*] ) [*] DIRECTV during such calendar month
solely for TiVo to [*]. TiVo shall treat such reports as confidential and proprietary information of DIRECTV under this Agreement, and shall be authorized to share such reports solely on a need to know basis with third parties who agree to
(i) use such reports solely [*], and (ii) maintain the confidentiality of such reports. 
 (b) Post-Termination. It is
expressly understood and agreed that the covenant and the other terms and conditions set forth in this Section 7.4 shall continue in perpetuity after the Term with respect to DIRECTV Covered System units deployed prior to the end of the
Term unless TiVo terminates this Agreement as a result of DIRECTV’s uncured breach. 
 (c) Effect of Sale. In the event of a sale
by TiVo or TiVo’s Subsidiaries of any TiVo Patent or rights thereunder, the covenant and the other terms and conditions set forth in this Section 7.4 shall run with such TiVo Patent and be binding upon successors or assigns of any
such TiVo Patent or rights thereunder.” 

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

 7 

	 	12.	DIRECTV Covenant Not To Assert. Section 7.5 of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “7.5. DIRECTV Covenant 
 (a)
Covenant. During the Term (and thereafter as set forth in Section 7.5(b)), DIRECTV covenants that neither DIRECTV, Group, nor any of the other DIRECTV Subsidiaries shall assert against TiVo, TiVo’s Subsidiaries, [*] any claim of
infringement of any patent or patent application (including any patent(s) which may issue therefrom) owned or controlled by DIRECTV, Group, or any of the other DIRECTV Subsidiaries during the Term (collectively, “DIRECTV Patents”)
by any TiVo Covered System utilized, deployed or otherwise exploited in the Territory by or on behalf of (i) TiVo or any TiVo Subsidiary, (ii) any [*] or (iii) any [*]; provided TiVo is not in material breach of any term of this
Agreement (and TiVo’s Subsidiaries have not taken any action that, if taken by TiVo, would be a breach hereof) which remains uncorrected after the proper notice of such material breach and within the cure period specified in this Agreement. The
foregoing covenant shall be suspended, solely with respect to [*], in the event that such [*]. 
 (b) Post-Termination. It is expressly
understood and agreed that the covenant and the other terms and conditions set forth in this Section 7.5 shall continue in perpetuity after the Term with respect to TiVo Covered System units deployed prior to the end of the Term unless
DIRECTV terminates this Agreement as a result of TiVo’s uncured breach. 
 (c) Effect of Sale. In the event of a sale by DIRECTV,
Group or any of the other DIRECTV Subsidiaries of any DIRECTV Patent or rights thereunder, the covenant and the other terms and conditions set forth in this Section 7.5 shall run with such DIRECTV Patent and be binding upon successors or
assigns of any such DIRECTV Patent or rights thereunder.” 
  

	 	13.	Initial Term. Section 9.1 of the Development Agreement is hereby deleted and replaced in its entirety with the following: 

 “9.1 Initial Term The term of this Agreement (the “Term”) shall be eight (8) years from the Effective Date.”

  

	 	14.	Other. Sections 9.5(a), (b), (c) and (d) of the Development Agreement are hereby deleted and replaced in their entirety with the following:

 “(a) Termination or Expiration. In the event this Agreement is terminated for any reason or in the case of
expiration of this Agreement, unless otherwise provided for herein, all licenses and payment obligations shall terminate. Subject to DIRECTV’s compliance with the terms and conditions of Section 4.8 (including, without limitation,

  

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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the license restrictions set forth in Section 4.8(b)), DIRECTV shall be entitled, solely for 180 days (the “Grace Period”)
following the earlier of (x) February 12, 2007 or (y) the effective date of termination (the earlier of (x) and (y), the “Clear Date”), to exercise its rights under Section 4.8 to manufacture,
distribute, sell, and otherwise clear any Combination Receivers that are in existence in the manufacture, production, distribution, retail or sales chain on the Clear Date (“Grace Period Devices,” and together with any other
activated Combination Receivers, the “Outstanding Receivers”). Subject to DIRECTV’s compliance with the terms and conditions of Section 4.8 (including, without limitation, the license restrictions set forth in
Section 4.8(b)), DIRECTV shall be entitled to a perpetual license to support, maintain and otherwise service such Outstanding Receivers (including the rights set forth in Section 4.8(a)(ii) (not including the right to make or
have made improvements to the TiVo Technology), Section 4.8(a)(iii), Section 4.8(a)(v) (to the extent necessary to maintain and support the Outstanding Receivers, including changes thereto) and
Section 4.8(a)(vi)). Any end user licenses previously granted or granted with respect to Outstanding Receivers after termination or expiration of this Agreement as permitted herein shall remain in full force and effect, provided that the
end user continues to comply with the terms and conditions of such end user license agreement. 
 (b) Termination by DIRECTV. In
addition to the rights in subsection (a) above, in the event of termination of this Agreement by DIRECTV in accordance with the terms of Section 9.2 (Termination for Material Default), the Clear Date shall be deemed to be
February 12, 2007 (regardless of the effective date of termination), and all licenses granted to DIRECTV in Section 4.8 (Manufacturing and Distribution License) other than those exercisable solely through the Grace Period shall
continue in full force and effect, to the extent applicable, for the eight (8) year Term, subject to DIRECTV’s compliance with the terms and conditions of Section 4.8 (including, without limitation, the license restrictions set
forth in Section 4.8(b)) and the payment obligations set forth in Section 3.4, and TiVo shall continue to provide support services (including providing the services set forth in Sections 2.3(e), 2.4, and
4.12, the “TiVo Ongoing Support Services”) for the Outstanding Receivers. In addition, to the extent applicable, the following terms shall survive: Sections 2.4 (with respect to DIRECTV’s option to continue
receiving such services for an additional 5 year period), 3.8, 4.1, 4.6 (solely for the eight (8) year term) and 11 (solely for the eight (8) year term). 
 (c) Termination by TiVo. In addition to the rights in subsection (a) above, in the event of termination of this Agreement by TiVo in
accordance with the terms of Section 9.2 (Termination for Material Default), TiVo shall have the option of whether or not to continue to provide the TiVo Ongoing Support Services for the remainder of the eight (8) year term, and so
long as TiVo provides such services, DIRECTV shall continue to pay the fees set forth in Section 3.4. 
 (d) Survival of
Provisions of this Agreement. The following Articles and Sections shall survive any expiration or termination of this Agreement. Article 1, Section 2.4 (with respect to the five year obligation specified therein unless
terminated by TiVo in accordance with the terms of Section 9.2), Sections 3.9 and 3.10 (for the time periods 

  

 9 

 
specified therein), Sections 3.11, 4.1, 4.4, 4.5, Articles V and VI, Sections 7.1, 7.2, 7.3,
Sections 7.4 (solely to the extent provided for therein), Section 7.5 (solely to the extent provided for therein), Article VIII, Section 9.5, Article X and Article XII.” 
  

	 	15.	Exhibit B – Schedule 3. The table in Schedule 3 of Exhibit B of the Development Agreement is hereby deleted and replaced in its entirety with the table set forth in
Attachment 1 to this Seventh Amendment. 

  

	 	16.	Project Change Requests. The Parties have mutually agreed upon the Project Change Requests set forth in Attachment 2 to this Seventh Amendment. It is expressly understood
that any amounts payable to TiVo for the development described in such Project Change Requests shall be deducted from Development Credits pursuant to Section 3.14 of the Development Agreement. TiVo shall complete the agreed changes and submit
them for testing to DIRECTV by August 1, 2006, in the case of PCR #81, and by November 1, 2006, in the case of PCR #80. No later than September 1, 2006, DIRECTV will pay TiVo an advance of [*] of the DVR/PVR Service Fees
payable under the Development Agreement for the month of February 2007. Subject to TiVo’s completion of the Project Change Requests set forth above, it is expressly understood and agreed that any outstanding waivers granted by DIRECTV to TiVo
for activities under the Development Agreement are deemed satisfied. 

 Remainder of page intentionally left blank.

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions. 

  

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	 	17.	Effect of Amendment. Except as expressly modified herein, all other terms and condition of the Development Agreement shall remain in full force and effect.

 In Witness Whereof, TiVo and DIRECTV have duly executed this Seventh Amendment by their respective duly authorized officers. This
Seventh Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same original. 
  

									
	TiVo Inc.	 		 	DIRECTV, Inc.
					
	 By:
	 	 /s/ Edward Lichty
	 		 	 By:
	 	 /s/ Romulo Pontual

	 Name: 
	 	 Edward Lichty
	 		 	 Name: 
	 	 Romulo Pontual

	 Title: 
	 	 VP, Corporate Development
	 		 	 Title: 
	 	 EVP & CTO

  

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 Attachment 1 
 “EXHIBIT B 
 Schedule 3 – DVR/PVR Service Fee 
 All fees in this Exhibit B, Schedule 3 are [*]. 
  

					
	 [*]
	  	[*]	  	[*]
	 [*]
	  	[*]	  	[*]
	 [*]
	  	[*]	  	[*]
	 [*]
	  	[*]	  	[*]

 From February 15, 2007, the monthly DVR/PVR Service Fee is [*] with a Combination Receiver. 
  

	*	The Average Monthly TiVo Service Charge shall be equal to: (i) the monthly price charged by TiVo for TiVo Service on a TiVo Stand Alone Receiver; or (ii) the
weighted-average of the monthly prices charged by TiVo for TiVo Service on a TiVo Stand Alone Receiver, if there is more than one monthly price charged.” 

  

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the
omitted portions.

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