Document:

esnd-ex109_493.htm

Exhibit 10.9

Essendant Receivables LLC

One Parkway North Boulevard
Deerfield, Illinois 60015

August 30, 2016

PNC Bank, National Association, 

as Class Agent,  Alternative Investor and the Agent

 

 

The Bank of Tokyo-Mitsubishi UFJ, LTD., New York Branch, 

as Class Agent and Alternative Investor 

 

 

 Re:Consent Letter 

Ladies Gentlemen:

Reference is hereby made to the Amended and Restated Transfer and Administration Agreement (as amended through the date hereof, the “Transfer Agreement”), dated as of January 18, 2013, by and among Essendant Receivables LLC (the “SPV”), Essendant Co. (the “Originator”), Essendant Financial Services LLC, as Seller and as Servicer (the “Seller” or “Servicer”), PNC Bank, National Association (“PNC Bank”), as Agent, as a Class Agent and as an Alternate Investor, and the financial institutions from time to time parties thereto as Conduit Investors and Alternate Investors.  Capitalized terms used but not defined herein shall have the meanings ascribed to them in Transfer Agreement.  

Pursuant to the terms of the Transfer Agreement, no amendment, modification, waiver, or replacement to the Revolving Credit Agreement has any effect under the Transfer Agreement unless consented to in writing by each Class Agent.  Section 6.3(a) of the Transfer Agreement requires the Originator and the Performance Guarantor to maintain a Leverage Ratio (as defined in the Revolving Credit Agreement) in accordance with the provisions of Section 6.20 of the Revolving Credit Agreement. The SPV hereby notifies each Class Agent that the Originator and the other parties to the Revolving Credit Agreement intend to amend Section 6.20 of the Revolving Credit Agreement to read in its entirety as set forth on Exhibit A attached hereto. The SPV hereby requests that each Class Agent consent to such amendment so that such amendment is effective under the Transfer Agreement.  Accordingly, each Class Agent hereby consents to amending Section 6.20 of the Revolving Credit Agreement as set forth on Exhibit A and further agrees that the obligations of the Originator and the Performance Guarantor under Section 6.3(a) of the Transfer Agreement shall be to maintain a Leverage Ratio in accordance with the provisions of Section 6.20 of the Revolving Credit Agreement as so amended. 

This letter agreement shall be effective as of the date on which the Agent receives a counterpart of this letter agreement duly executed by each of the parties hereto.

 

19594v2

 

This letter agreement (i) shall be governed by and construed in accordance with the Laws of the State of New York (without reference to the conflicts of law principles thereof other than Section 5‐1401 of the New York General Obligations Law) and (ii) may be executed in any number of counterparts, and by the different parties thereto on separate counterparts; each such counterpart shall be deemed an original and all of such counterparts taken together shall be deemed to constitute one and the same instrument; a facsimile or electronic copy of an executed counterpart of this letter agreement shall be effective as an original for all purposes.

[signatures begin on following page]

 

 

2

 

Please indicate your consent to and agreement with the foregoing by signing where indicated below.

Very truly yours,

 

 

Essendant Receivables LLC

 

 

By: /s/Robert J. Kelderhouse

Title: Robert J. Kelderhouse

S-1August 2016 

Amendment Consent Letter

 

Consented and Agreed

 

PNC BANK, NATIONAL ASSOCIATION,

as Class Agent, Alternate Investor and the Agent

 

 

By: /s/Michael Brown

Title: Senior Vice President

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

 NEW YORK BRANCH, as Class Agent and Alternate Investor

 

 

By: /s/Eric Williams 

Eric Williams

Title: Managing Director

 

 

 

 

S-2August 2016 

Amendment Consent Letter

 

EXHIBIT A

	
 6.20
	
Leverage Ratio.  USI and the Borrower will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of USI’s fiscal quarters, of (i) Consolidated Funded Indebtedness of USI and its Subsidiaries to (ii) Consolidated EBITDA for the then most-recently ended four fiscal quarters to be greater than 3.50 to 1.00; provided that, the maximum Leverage Ratio permitted under this Section 6.20 shall be increased, in the case of (x) one or more Qualifying Permitted Acquisitions in which the cash portion of the Purchase Price for all such Qualifying Permitted Acquisitions consummated in the trailing twelve month period is in excess of $150,000,000, to 4.00 to 1.00 and (y) unless and to the extent that clause (x) above does not apply, one or more Qualifying Permitted Acquisitions in which the cash portion of the Purchase Price for all such Qualifying Permitted Acquisitions consummated in the trailing twelve month period is in excess of $75,000,000, to 3.75 to 1.00 (any such increase pursuant to clause (x) or clause (y), a “Covenant Holiday”), in each case, for the first four fiscal quarters (or, solely with respect to the Covenant Holiday under clause (x) that commenced with the fiscal quarter ending September 30, 2015, for the first six fiscal quarters) immediately following the Qualifying Permitted Acquisition giving rise to the Covenant Holiday  (inclusive of the fiscal quarter in which such Qualifying Permitted Acquisition occurs); provided, further, that (A) at the time of any Qualifying Permitted Acquisition giving rise to any proposed Covenant Holiday arising pursuant to clause (x) above, the Leverage Ratio, calculated on a pro forma basis based on USI’s most recent financial statements delivered pursuant to Section 6.1 (or, prior to the delivery of the first such financial statements hereunder, as of March 31, 2013) and giving effect to such Qualifying Permitted Acquisition (including any incurrence of Indebtedness in connection therewith) and any Permitted Acquisition (including any incurrence of Indebtedness in connection therewith) and Material Disposition (including any reduction of Indebtedness in connection therewith) since the date of such financial statements as if such Qualifying Permitted Acquisition and any such Permitted Acquisition and Material Disposition (and any incurrence or reduction of Indebtedness in connection with any of the foregoing) had occurred as of the first day of the four quarter period set forth in such financial statements, shall not exceed 3.75 to 1.00 and (B) the Leverage Ratio shall have been less than 3.50 to 1.00 for at least two consecutive fiscal quarters immediately proceeding the commencement of such proposed Covenant Holiday.  The Leverage Ratio shall be calculated as of the last day of each fiscal quarter of USI based upon (a) for Consolidated Funded Indebtedness, Consolidated Funded Indebtedness as of the last day of each such fiscal quarter and (b) for Consolidated EBITDA, the actual amount as of the last day of each fiscal quarter for the most recently ended four consecutive fiscal quarters.

A-1EX-99.B5.a - Application for Ind. Var. Annuity Contract-INY-APP-ADV (rev. 7.1.16)

	
Allianz Life Insurance Company of New York

	
[Administrative Office:

	
[Home Office: New York, NY

	
NW 5990 PO Box 1450

	
28 Liberty Street, 38th Floor

	
Minneapolis, MN 55485-5990

	
New York, NY 10005-1422]

	
800-542.5427]

	 	 
	
Allianz Index Advantage ADVSM New York Variable Annuity Application

	
Individual flexible purchase payment variable deferred annuity application.

	
[Contract number:_____________________]

	
Issued by Allianz Life Insurance Company of New York

	 
	
1. Annuity registration

	
Ownership is

	
[■  Individual/Joint

	
■  Qualified plan

	
■  Custodian

	
■ Trust (Include the date of trust in the name.)

	 	
■  UTMA/UGMA

	
■  Other]

	
Owner

	
Individual Owner first name

 

	
MI

 

	
Last name

 

	
Jr., Sr., III

 

	
Non-individual owner name (Attach Non- Individual Ownership Form or Qualified Plan Acknowledgement Form if applicable.)

	
Social Security Number/TIN

 

	
Mailing address

 

	
Email address

 

	
City

 

	
State

 

	
ZIP code

 

	 	
Home telephone number

 

	
Street address (required if a PO Box was used for mailing address)

 

	
City

 

	
State

 

	
ZIP code

 

	 	
Cell phone number

 

	
Gender

	
■  Male

	
Date of birth (mm/dd/yyyy)

	
Are you a non-resident alien? ■  Yes ■  No

	 	
■  Female

	 	
(If yes, then you are not eligible for this product.)

	
Joint Owner

	
First name

 

	
MI

 

	
Last name

 

	
Jr., Sr., III

 

	
Mailing address

 

	
Email address

 

	
City

 

	
State

 

	
ZIP code

 

	
Home telephone number

 

	
Gender

	
Date of birth (mm/dd/yyyy)

	
Are you a non-resident alien? ■  Yes ■  No

	
■  Male

	
■  Female

	 	
(If yes, then you are not eligible for this product.)

	
Relationship to Owner

■  Spouse under a legally recognized marriage ■  Other:_____________________

	
Social Security Number/TIN

 

	
Annuitant (Complete if different from Owner.)

	 	 	 
	
First name

 

	
MI

 

	
Last name

 

	
Jr., Sr., III

 

	
Mailing address

 

	
Email address

	
City

 

	
State

	
ZIP code

	
Home telephone number

	
Street address (required if a PO Box was used for mailing address)

 

	
City

 

	
State

	
ZIP code

	
Cell phone number

	
Gender

	
Social Security Number/TIN

	
Date of birth (mm/dd/yyyy)

	
Are you a non-resident alien? ■  Yes ■  No

	
■  Male

	
■  Female

	 	 	
(If yes, then you are not eligible for this product.)

	
Relationship of Annuitant to Owner

■  Spouse under a legally recognized marriage ■  Other:_____________________

	
INY-APP-ADV

	
Page [1 of 9]

	
[(1/2017)]

	
2. Purchase Payment (This section must be completed.) Make check(s) payable to Allianz Life of NY

	
Include replacement forms if required

	
Method of Payment (Select all that apply)

	
■ Purchase Payment enclosed with application.     Total amount enclosed: $________________________

	
Plan type at prior financial institution or contribution instructions:

	
Qualified

	
Roth (Qualified)

	
■ Traditional IRA

	
■ Contribution to Roth IRA for year ______________

	
■ SEP IRA

	
■ Roth IRA

	
■ Employer contribution to SEP IRA

	
Inherited IRA (Qualified)

	
■ Contribution to Traditional IRA for year_______

	
■ Inherited Traditional IRA

	
■ Qualified Plan (401(a) plan)

	
■ Inherited Roth IRA

	
■ Other ___________________________

	
Nonqualified

	 	
■ Other nonqualified payment

	
■ This contract will be funded by money requested or facilitated by Allianz Life of NY with transfer forms included.

Total expected amount: $___________________

	
■ This contract will be funded by money requested or facilitated by Allianz Life of NY when transfer forms are received at a later date.

Total expected amount: $___________________

	
■ This contract will be funded by money requested or facilitated by Allianz Life of NY.

Total expected amount: $___________________

	
Plan type at prior financial institution or contribution instructions:

	
Qualified

	
Roth (Qualified)

	
■ Traditional IRA

	
■ Contribution to Roth IRA for year ______________

	
■ SEP IRA

	
■ Roth IRA

	
■ Employer Contribution to SEP IRA

	
Inherited IRA (Qualified)

	
■ Contribution to Traditional IRA for year_______

	
■ Inherited Traditional IRA

	
■ Qualified Plan (401(a) plan)

	
■ Inherited Roth IRA

	
■ Other ___________________________

	
Nonqualified

	 	
■ 1035 Exchange

	 	
■ Other nonqualified payment

	
3. Plan specifics (This section must be completed to indicate how this Contract should be issued. These are the only available options.)

	 	
Nonqualified:

	
■ Nonqualified

	 
	 	
Qualified plans:

	
■ 401(a) defined contribution plan

	
■ 401(a) one person defined benefit plan

	 
	 	
IRA:

	
■ Traditional IRA

	
■ SEP IRA

	
■ Roth IRA

	
■ Roth IRA (conversion of existing IRA )

	 
	 	
Inherited IRA:

	
■ Inherited IRA

	
■ Inherited Roth IRA

	 

	
4. Electronic Transfer and Allocation Instructions

	 	
Electronic Authorization – Allianz Life of NY accepts allocation and transfer instructions by electronic notification. Electronic authorizations include, but are not limited to, requests received by telephone, fax, email, or our website.

	
■ Yes

	
By checking "yes," I am authorizing and directing Allianz Life of NY to act on electronic instructions from me to transfer and allocate Contract Value among the Allocation Options. Allianz Life of NY  will use reasonable procedures to confirm that these electronic instructions are genuine. We reserve the right to deny any electronic transfer request or allocation instruction change, and to discontinue or modify our electronic instruction privileges at any time for any reason.

	
■ Yes

	
By checking "yes," I am authorizing and directing Allianz Life of NY to act on electronic instructions from my Financial Professional and/or anyone authorized by him/her to transfer and allocate Contract Value among the Allocation Options. Allianz Life of NY will use reasonable procedures to confirm that these electronic instructions are genuine. We reserve the right to deny any electronic transfer request or allocation instruction change, and to discontinue or modify our electronic instruction privileges at any time for any reason.

	 

	
INY-APP-ADV

	
Page [2 of 9]

	
[(1/2017)]

	
5. Replacement (This section must be completed.)

	
■  Yes

	
■  No

	
Do you have existing life insurance policies or annuity contracts?

	
■  Yes

	
■  No

	
Do you intend to replace or change an existing annuity contract or life insurance policy in order to purchase this annuity contract?

	
Notice to Financial Professional: The Financial Professional must answer the replacement questions in section [11] of this application and complete the attached Appendix 11, and include any other appropriate forms.

	
6. Index Effective Date (This section must be completed.)

	
•

	
The Index Effective Date can be any Business Day from the Issue Date up to and including the first Quarterly Anniversary. However, it cannot be the 29th, 30th, or 31st of a month. If the Index Effective Date would occur on the 29th, 30th, or 31st of a month, or on a day that is not a Business Day, we change the Index Effective Date to be the next available Business Day.

	 
	
•

	
If the Index Effective Date is not the Issue Date, Purchase Payments allocated to the Index Option(s) will be placed in the [AZL® Government Money Market Fund] until the Index Effective Date.

	 

	
[■

	
Earliest Index Effective Date – If chosen, the earliest Index Effective Date is the Issue Date of the Contract when the initial Purchase Payment, application, and requirements are received in good order.

	 
	 	
OR

	 
	
■

	
Deferred Index Effective Date – If chosen, the deferred Index Effective Date is the first Quarterly Anniversary. You can change the Index Effective Date prior to the first Quarterly Anniversary by contacting Allianz Life of NY.]

	 

	
7. Allocation Options

	
•

	
Allocations must be in whole percentages (e.g. 33.3% or dollars are not permitted) which total 100%. You are allowed [12] free transfers each contract year.

	 
	
•

	
If Purchase Payments are received before the Index Effective Date and you select an Index Option, the following will occur:

	 
	 	
-

	
Your Purchase Payment will be placed in the [AZL® Government Money Market Fund].

	 
	 	
-

	
Then, on the Index Effective Date we will rebalance your Contract Value among your selected Allocation Options below.

	 
	
•

	
If additional Purchase Payments are received after the Index Effective Date and you select an Index Option, then your Purchase Payment will be placed in the [AZL® Government Money Market Fund] until the next Index Anniversary.

	 
	
•

	
We only allow allocations (both Purchase Payments and transfers of Contract Value) into the Index Options on the Index Effective Date and on subsequent Index Anniversaries.

	 
	
•

	
We only allow transfers of Index Option Value from the Index Options to the Variable Options on every [sixth Index Anniversary].

	 
	
•

	
Please see the current prospectus for Allocation Option requirements and allocation of additional Purchase Payments received after the Index Effective Date.

	 

	 	
Variable Options

	 
	 	
Asset Allocation

	
Cash Equivalent

	 
	 	
____% AZL® MVP Balanced Index Strategy Fund

	
____% AZL® Government Money Market Fund

	 
	 	
____% AZL® MVP Growth Index Strategy Fund

	 	 
	 	 	 	 
	 	
Index Options

	 
	 	
Index Performance Strategy

	
Index Protection NY Strategy

	 
	 	
____% EURO STOXX 50® Index

	
____% EURO STOXX 50® Index

	 
	 	
____% Nasdaq-100® Index

	
____% Nasdaq-100® Index

	 
	 	
____% Russell 2000® Index

	
____% Russell 2000® Index

	 
	 	
____% S&P 500® Index

	
____% S&P 500® Index

	 
	 	 	 	 
	 	 	 	 
	 	
Total of _______ % (must equal 100%)

	 

	
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[(1/2017)]

	
7. Allocation Options (continued)

	
The terms of the license agreements between us and [S&P Dow Jones Indices LLC, Russell Investments, NASDAQ OMX Group Inc. and STOXX Limited] require us to state the following:

	
[The EURO STOXX 50® provides a blue-chip representation of supersector leaders in the Eurozone. The index covers 50 stocks from 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. STOXX has no relationship to Allianz Life Insurance Company of New York ("Allianz Life® of NY"), other than the licensing of the EURO STOXX 50® and the related trademarks for use in connection with Allianz Life of NY products.

	
STOXX does not: sponsor, endorse, sell or promote Allianz Life of NY products, recommend that any person invest in Allianz Life of NY products or any other securities, have any responsibility or liability for or make any decisions about the timing, amount or pricing of Allianz Life of NY products, have any responsibility or liability for the administration, management or marketing of Allianz Life of NY  products, consider the needs of Allianz Life of NY products or the owners of Allianz Life of NY products in determining, composing or calculating the EURO STOXX 50 or have any obligation to do so.

	
STOXX will not have any liability in connection with Allianz Life of NY products. Specifically, STOXX does not make any warranties, express or implied and disclaims any and all warranties about: the results to be obtained by Allianz Life of NY products, the owner of Allianz Life of NY products or any other person in connection with the use of the EURO STOXX 50 and the data included in the EURO STOXX 50®; the accuracy or completeness of the EURO STOXX 50 and its data; the merchantability and the fitness for a particular purpose or use of the EURO STOXX 50® and its data; STOXX has no liability for any errors, omissions or interruptions in the EURO STOXX 50® or its data; under no circumstances will STOXX be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX knows that they might occur.

	
The licensing agreement between Allianz Life of NY and STOXX is solely for their benefit and not for the benefit of the owners of Allianz Life of NY products or any other third parties.]

	
[The S&P 500® Index is comprised of 500 stocks representing major U.S. industrial sectors.

	
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"). This trademark has been licensed for use by S&P Dow Jones Indices LLC. S&P marks are trademarks of S&P. This trademark has been sublicensed for certain purposes by Allianz Life Insurance Company of New York ("Allianz Life® of NY"). The S&P 500® Index ("the Index") is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Allianz Life of NY.

	
Allianz Life of NY products are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices make no representation or warranty, express or implied, to the owners of the Allianz products or any member of the public regarding the advisability of investments generally or in Allianz Life of NY products particularly or the ability of the Index to track market performance. S&P Dow Jones Indices' only relationship to Allianz Life of NY with respect to the Index is the licensing of the Index and certain trademarks, service marks, and/or trade names of S&P Dow Jones Indices and/or its third-party licensors. The Index is determined, composed, and calculated by S&P Dow Jones Indices without regard to Allianz Life of NY or the products. S&P Dow Jones Indices have no obligation to take the needs of Allianz Life of NY or the owners of the products into consideration in determining, composing, or calculating the Index. S&P Dow Jones Indices are not responsible for and have not participated in the design, development, pricing, and operation of the products, including the calculation of any interest payments or any other values credited to the products. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing, or trading of products. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC and its subsidiaries are not investment advisors. Inclusion of a security or futures contract within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security or futures contract, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to products currently being issued by Allianz Life of NY, but which may be similar to and competitive with Allianz Life of NY products. In addition, CME Group Inc., an indirect minority owner of S&P Dow Jones Indices LLC, and its affiliates may trade financial products which are linked to the performance of the Index and Average. It is possible that this trading activity will affect the value of the products.

	
S&P DOW JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS, AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ALLIANZ LIFE OF NY, OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME, OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND ALLIANZ Life of NY OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.]

	
INY-APP-ADV

	
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7. Allocation Options (continued)

	
[The NASDAQ-100 Index® includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization.

	
Allianz Life of NY products are not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, Allianz Life of NY products.   The Corporations make no representation or warranty, express or implied to the owners of Allianz Life of NY products or any member of the public regarding the advisability of investing in securities generally or in Allianz Life of NY products particularly, or the ability of the NASDAQ-100 Index® to track general stock market performance. The Corporations' only relationship to Allianz Life Insurance Company of New York ("Licensee") is in the licensing of the NASDAQ®, NASDAQ OMX®, NASDAQ-100®, and NASDAQ-100 Index® registered trademarks, and certain trade names of the Corporations and the use of the NASDAQ-100 Index® which is determined, composed and calculated by NASDAQ OMX without regard to Licensee or Allianz Life of NY products.  NASDAQ OMX has no obligation to take the needs of the Licensee or the owners of Allianz Life of NY products into consideration in determining, composing or calculating the NASDAQ-100 Index®. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of Allianz Life of NY products to be issued or in the determination or calculation of the equation by which Allianz Life of NY products are to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Allianz Life of NY products.

	
THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF ALLIANZ LIFE OF NY PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.]

	
[The Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000® Index is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics  of the true small-cap index.

	
Allianz Life of NY products are not sponsored, endorsed, sold or promoted by Frank Russell Company ("Russell"). Russell makes no representation or warranty, express or implied, to the owners of Allianz Life of NY products or any member of the public regarding the advisability of investing in securities generally or in Allianz Life of NY products particularly or the ability of the Russell 2000® Index to track general stock market performance or a segment of the same. Russell's publication of the Russell 2000® Index in no way suggests or implies an opinion by Russell as to the advisability of investment in any or all of the securities upon which the Russell 2000® Index is based. Russell's only relationship to Allianz Life Insurance Company of New York ("Allianz Life of NY") is the licensing of certain trademarks and trade names of Russell and of the Russell 2000® Index which is determined, composed and calculated by Russell without regard to Allianz Life of NY or Allianz Life of NY products. Russell is not responsible for and has not reviewed the Allianz Life of NY products nor any associated literature or publications and Russell makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise. Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell 2000® Index. Russell has no obligation or liability in connection with the administration, marketing or trading of Allianz Life of NY products.

	
RUSSELL DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED THEREIN AND RUSSELL SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY ALLIANZ, INVESTORS, OWNERS OF ALLIANZ LIFE OF NY PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED THEREIN. RUSSELL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL RUSSELL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.]

	
INY-APP-ADV

	
Page [5 of 9]

	
[(1/2017)]

	
8. Beneficiary designation (If additional space is needed, attach a complete list signed and dated by Owner(s).)

	
■ Primary

	
Percentage

	
Relationship

	
Social Security Number/TIN

	
Phone Number

	
■ Contingent

	 	 	 	 
	
Individual first name

	
MI

	
Last Name

	
Date of birth (mm/dd/yy)

	
Gender

	 	 	 	 	
■ Male

	
■ Female

	
■ Qualified plan

	
■ Custodian

	
■ Trust (Include the date of trust in the name.)

	
■ Charitable Trust

	
Email

	
Non-Individual Beneficiary name

	 	 
	 	 	 
	
Street Address

	
City

	
State

	
Zip Code

	 	 	 	 
	 	 	 	 	 
	
■ Primary

	
Percentage

	
Relationship

	
Social Security Number/TIN

	
Phone Number

	
■ Contingent

	 	 	 	 
	
Individual first name

	
MI

	
Last Name

	
Date of birth (mm/dd/yy)

	
Gender

	 	 	 	 	
■ Male

	
■ Female

	
■ Qualified plan

	
■ Custodian

	
■ Trust (Include the date of trust in the name.)

	
■ Charitable Trust

	
Email

	
Non-Individual Beneficiary name

	 	 
	 	 	 
	
Street Address

	
City

	
State

	
Zip Code

	 	 	 	 
	 	 	 	 	 
	
■ Primary

	
Percentage

	
Relationship

	
Social Security Number/TIN

	
Phone Number

	
■ Contingent

	 	 	 	 
	
Individual first name

	
MI

	
Last Name

	
Date of birth (mm/dd/yy)

	
Gender

	 	 	 	 	
■ Male

	
■ Female

	
■ Qualified plan

	
■ Custodian

	
■ Trust (Include the date of trust in the name.)

	
■ Charitable Trust

	
Email

	
Non-Individual Beneficiary name

	 	 
	 	 	 
	
Street Address

	
City

	
State

	
Zip Code

	 	 	 	 

	
[9. Certification of Taxpayer Identification Number]

	
[If you are applying for this product and/or requesting payments as a U.S. Person, the IRS requires you to agree to the following statements. If you are not a U.S. Person, you are not eligible to apply for this product.

	
Under penalties of perjury, I certify that:

	
1.

	
The Taxpayer Identification Number shown on this form is correct or I am waiting for a number to be issued to me.

	
2.

	
I am not subject to backup withholding because:

	 	
a.

	
I am exempt from backup withholding, or

	 	
b.

	
I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of failure to report all interest or dividends, or

	 	
c.

	
The IRS has notified me that I am no longer subject to backup withholding.

	
3.

	
I am a U.S. person, and

	
4.

	
The Foreign Account Tax Compliance Act (FATCA) code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct.

	
The IRS does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

	
■

	
Check the box if the IRS has notified you that you are currently subject to backup withholding because you failed to report interest and dividends on your tax return.]

	 	 

	
INY-APP-ADV

	
Page [6 of 9]

	
[(1/2017)]

	
[10]. Statement of Owner

	
By signing below, I, the Owner acknowledge and agree to the following:

	
•

	
I received a prospectus and have determined, to the best of my knowledge and belief, that the variable annuity applied for is not unsuitable for my investment objectives, financial situation, and financial needs. It is a long-term commitment to meet my financial needs and goals.

	
•

	
I understand that the Contract Value may increase or decrease depending on the investment results of the Allocation Options and that there is no guaranteed minimum Variable Account Value. Investment in the contract may result in a loss of Purchase Payments.

	
•

	
I understand that I can lose money that I allocate to the Index Options. This may result in a loss of Purchase Payments.

	
•

	
To the best of my knowledge and belief, all statements and answers in this application are complete and true.

	
•

	
No representative is authorized to modify this agreement or waive any Allianz Life of NY rights or requirements.

	
•

	
If this contract is being funded by an indirect rollover, I have complied with the requirement that only one rollover is permitted within a one year period from all of the IRAs I own.

	
As the authorized signer, please sign your name and date below I the appropriate space or we will not be able to process your request.

	
_______________________________________________________________

	
Signed at (City, State)

	 
	
→ Contract owner's signature__________________________________________________________

	
Date: _________________

	 	
MM/DD/YYY

	
→ Joint contract owner's signature______________________________________________________

	
Date: _________________

	 	
MM/DD/YYY

	
Alternate signatures, if applicable

	
 

Trust:_________________________________

	
as trustee of the:______________________________

	
Date: _________________

	
TRUSTEE'S SIGNATURE

	
TRUST NAME (PRINTED)

	
MM/DD/YYY

	 	 	 
	
Power of attorney:_______________________

	
by :_________________________________________

	
Date: _________________

	
CONTRACT OWNER'S NAME

	
ATTORNEY IN FACT'S SIGNATURE

	
MM/DD/YYY

	 	 	 

	
INY-APP-ADV

	
Page [7 of 9]

	
[(1/2017)]

	
[11.] Financial Professional

	
Notice to Financial Professional: Product training has been completed that is applicable for the state for which this sale occurred.

	
By signing below, the Financial Professional certifies to the following:

	
•

	
I am FINRA registered and state licensed for variable annuity contracts in all required jurisdictions; and I provided the Owner(s) with the most current prospectus.

	
•

	
I certify that the statements of the Owner have been correctly recorded.

	 	
■ Yes

	
■ No

	
Does the Owner have an existing life insurance policy or an existing annuity contract?

	 	
■ Yes

	
■ No

	
Does the Owner intend to replace or change an existing life insurance policy or annuity contract?

	
•

	
I hereby certify that I only used sales materials that were previously approved by Allianz Life of NY in my presentation.

	
•

	
I further certify that I left a copy of all sales material used during my presentation with the applicant.

	
•

	
I have provided the Owner with all appropriate disclosure and replacement requirements prior to the completion of this application.

	
•

	
If this is a replacement, include a copy of each disclosure statement and a list of companies involved.

	 	 	 
	 	
Financial Professional's signature (Primary)

	
B/D Rep. ID

	 
	 	 	 	 
	 	
First and last name (please print)

	 	 
	 	 	 	 
	 	
Address

	
Telephone number

	 
	 	 	 	 
	 	
Email

	
Cell phone number

	 
	 	 	 	 
	 	
Financial Professional's signature (Secondary)

	
B/D Rep. ID

	 
	 	 	 	 
	 	
First and last name (please print)

	 	 
	 	 	 	 
	 	
Email

	
Cell phone number

	 
	 	 	 	 
	 	 	 	 

	 	 	 
	 	
Broker/dealer name (please print)

	 
	 	 	 
	 	
Authorized signature broker/dealer (if required)

	 
	 	 	 
	 	 	 

	
INY-APP-ADV

	
Page [8 of 9]

	
[(1/2017)]

	
For information on current benefit features, restrictions or charges please review with your Financial Professional.

	
■

	
Please send me a statement of additional information. (Also available at [www.allianzlife.com/newyork])

	 

	
Please submit your form through one of the options below.

	 
	 	
Email completed forms to:

	 
	 	
[variableannuity@send.allianzlife.com

	 
	 	 	 
	 	
OR

	 
	 	 	 
	 	
Web Upload:

	 
	 	
You can scan and upload your signed and completed form by logging in to your account at [Allianzlife.com]

	 
	 	 	 
	 	
OR

	 
	 	 	 
	 	
Mail:

	 
	 	
[Applications that HAVE a check attached

	 
	
Regular mail

	
[Overnight mail

	 
	
Allianz Life Insurance Company of North America

	
Allianz Life Insurance Company of North America

	 
	
NW 5989

	
NW 5989

	 
	
PO Box 1450

	
1801 Parkview Drive

	 
	
Minneapolis, MN 55485-5989]

	
Shoreview, MN 55126]

	 
	 	 	 
	 	
OR

	 
	 	 	 
	 	
[Applications that DO NOT HAVE a check attached

	 
	
Regular mail

	
[Overnight mail

	 
	
Allianz Life Insurance Company of North America

	
Allianz Life Insurance Company of North America

	 
	
PO Box 561

	
5701 Golden Hills Drive

	 
	
Minneapolis, MN 55440-0561

	
Golden Valley, MN 55416-1297]

	 
	 	 	 
	 	
OR

	 
	 	 	 
	 	
[Fax: 763-765-7912]

	 
	 	 	 
	 	
[Any questions? Call us at 800.624.0197]

	 
	 	 	 

	
INY-APP-ADV

	
Page [9 of 9]

	
[(1/2017)]

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