Document:

Exhibit 10(b)

  POWER OF ATTORNEY

  

  

  We, the undersigned directors and/or officers of Lincoln Life & Annuity Company of New York, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones, Carolyn Augur and John D. Weber, individually, our true and lawful
    attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on
    Forms N-6 or N-4 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its
    Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any amendment to said Registration Statements as
    follows:

  

  

  Variable Life Insurance Separate Accounts:

  

  

  	
          Lincoln Life & Annuity Flexible Premium Variable Life Account M (811-08559)

        	
          VUL-I / VULcv

          VULcv-II / VUL Flex ES

          VULcv-III ES

          VULdb / VULdb ES

          VULdb-II ES

          VULone ES / VULone 2005 ES

          Momentum VULone / Momentum VULone 2005

          VULcv-IV ES

          VULdb-IV ES

          AssetEdge VUL

          AssetEdge VUL/AssetEdge Exec VUL 2015

          VULone 2007

          VULone 2010

        
	
          LLANY Separate Account R for Flexible Premium Variable Life (811-08651)

        	
          SVUL / SVUL ES

          SVUL-II ES

          SVUL-III ES

          SVUL-IV ES/PreservationEdge SVUL

          SVULone ES

          Momentum SVULone

          SVULone 2007

        
	
          LLANY Separate Account S for Flexible Premium Variable Life (811-09257)

        	
          CVUL Series III ES

          LCV4 ES

          LCV5 ES / LCC VUL

        
	
          Lincoln Life & Annuity Flexible Premium Variable Life Account Y (811-21029)

        	
          American Legacy VULcv-III

          American Legacy VULdb-II

          American Legacy SVUL-III

          American Legacy VULcv-IV

          American Legacy VULdb-IV

          American Legacy SVUL-IV/PreservationEdge SVUL

          American Legacy AssetEdge

        

  

  

  

  

  

  

  

  

  Variable Annuity Insurance Separate Accounts:

  	
          Lincoln Life & Annuity Variable Annuity  Account H (811-08441)

        	
          American Legacy III

          American Legacy III B Class

          American Legacy III C Share

          American Legacy III Plus

          American Legacy III View

          American Legacy Design

          American Legacy Signature

          American Legacy Fusion

          American Legacy Series

          American Legacy Advisory

          American Legacy Target Date Income B Share

          American Legacy Target Date Income Advisory

          Shareholder’s Advantage

          Shareholder’s Advantage A Class

        
	
          Lincoln Life & Annuity Variable Annuity Account L (811-07785)

        	
          Group Variable Annuity

        
	
          Lincoln New York Account N for Variable Annuities (811-09763)

        	
          ChoicePlus Assurance (A Share)

          ChoicePlus Assurance (A Class)

          ChoicePlus Assurance (B Share)

          ChoicePlus Assurance (B Class)

          ChoicePlus Assurance (C Share)

          ChoicePlus Assurance (L Share)

          ChoicePlus Assurance (Bonus)

          ChoicePlus

          ChoicePlus II

          ChoicePlus Access

          ChoicePlus II Access

          ChoicePlus II Advance

          ChoicePlus II Bonus

          ChoicePlus Design

          ChoicePlus Signature

          ChoicePlus Fusion

          ChoicePlus Series

          ChoicePlus Prime

          ChoicePlus Advisory

          ChoicePlus Select B-Share

          Lincoln InvestmentSolutions

          Lincoln Investor Advantage

          Lincoln Investor Advantage 2018

          Lincoln Investor Advantage Fee-Based

          Lincoln Investor Advantage Advisory

          Lincoln Investor Advantage Advisory Choice

          Core Income

        

  

  

  Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that
    each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers
    to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

  

  

  This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall
    together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

  

  

  

  

  Signature                                                                                    Title

  

  

  /s/Dennis R. Glass

  	______________________________	
          President and Director

        

  Dennis R. Glass

  

  

  /s/Ellen G. Cooper

  ______________________________                                                                                                  Executive Vice President, Chief Investment Officer Ellen G. Cooper  and Director

  

  

  /s/Randal J. Freitag

  ______________________________                                                                                                  Executive Vice President; Chief Financial Officer Randal J. Freitag  and Director

  

  

  /s/Christine A. Janofsky

  ______________________________                                                                                                  Senior Vice President; Chief Accounting Officer Christine A. Janofsky  and Controller

  

  

  /s/Lisa M. Buckingham

  ______________________________                                                                                                  Director

  Lisa M. Buckingham

  

  

  /s/George W. Henderson, III

  ______________________________                                                                                                  Director

  George W. Henderson, III

  

  

  /s/Mark E. Konen

  ______________________________                                                                                                  Director

  Mark E. Konen

  

  

  /s/M. Leanne Lachman

  ______________________________                                                                                                  Director

  M. Leanne Lachman

  

  

  /s/Louis G. Marcoccia

  ______________________________                                                                                                  Director

  Louis G. Marcoccia

  

  

  /s/Patrick S. Pittard

  _______________________________                                                                                                  Director

  Patrick S. Pittard

  

  

  

  

  

  

  We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones,
    Carolyn Augur and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named therein.  We acknowledge our legal responsibilities.

  

  

  	
          /s/Delson R. Campbell                                                      

          Delson R. Campbell

           

        	
          /s/Scott C. Durocher  

          Scott C. Durocher

        
	
          /s/Kimberly A. Genovese                                                      

          Kimberly A. Genovese

           

        	
          /s/Daniel P. Herr                                                      

          Daniel P. Herr

        
	
          /s/Donald E. Keller                                                      

          Donald E. Keller

           

        	
          /s/Michelle Grindle                                                      

          Michelle Grindle

        
	
          /s/Jeffrey L. Smith                                                      

          Jeffrey L. Smith

           

        	
          /s/John D. Weber                                                      

          John D. Weber

        
	
          /s/Jassmin McIver-Jones                                                      

          Jassmin McIver-Jones

        	
          /s/Carolyn Augur                                                      

          Carolyn Augur

        

  

  

  

  

  

  

  

  

  Version:  May 2020Exhibit 10.3

 

MAJESCO
LIMITED

MNDC,
MBP-P-136, Mahape,

 

Navi
Mumbai – 400 710,

 

Maharashtra,
India

 

August
8, 2020

 

MAJESCO

412
Mount Kemble Ave., Suite 110C

Morristown,
NJ 07960

U.S.A.

 

		Re:	Amended
& Restated Letter Agreement

 

Ladies
and Gentlemen:

 

Reference
is made to the Amended and Restated Agreement and Plan of Merger, dated as of August 8, 2020, by and among Majesco Limited, a
public limited company domiciled in India (the “Principal Stockholder”), which is the majority shareholder
of Majesco, a California corporation (the “Company”), the Company, Magic Intermediate, LLC, a Delaware limited
liability company (“Parent”), and Magic Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary
of Parent (“Merger Sub”) (as the same may be amended or otherwise modified in accordance with its terms after
the date hereof, the “Merger Agreement”), providing, among other things, for the merger of the Company with
and into Merger Sub with the Company being the survivor in the merger (the “Merger”).

 

To
induce and as a condition to Parent and Merger Sub’s willingness to enter into the Merger Agreement, Principal Stockholder
(in its capacity as such) has agreed to enter into a Support Agreement (as the same may be amended or otherwise modified in accordance
with its terms after the date hereof, the “Support Agreement”), dated as of July 20, 2020 and as amended on
August 8, 2020, by and among Principal Stockholder, the Company, Parent and Merger Sub pursuant to which Principal Stockholder
is obligated, among other things, to organize a postal ballot process for the approval by the members of Principal Stockholder
of the divestment of Principal Stockholder’s entire share of the Company common stock pursuant to the Merger.

 

To
induce and as a condition to the Company’s willingness to enter into the Merger Agreement, Principal Stockholder (in its
capacity as such) has agreed to enter into this letter agreement (the “Letter Agreement”).

 

     

     

    

 

Pursuant
to this Letter Agreement and applicable foreign exchange laws which the Principal Stockholder is subject to (but only for so long
as the Principal Stockholder is so subject), the Principal Stockholder hereby agrees to, and shall, reimburse, indemnify and hold
harmless the Company from and against any and all costs or disbursements incurred by the Company under Section 9.5(b)(iv)
or Section 9.6 (but solely as it relates to Section 9.5(b)(iv)) of the Merger Agreement as a result of (A) a termination
of the Merger Agreement by Parent pursuant to Section 9.3(d) [Principal Stockholder Failure to Hold Principal Stockholder
Postal Ballot] of the Merger Agreement and (B) following the execution and delivery of the Merger Agreement and prior to the
termination of the Merger Agreement pursuant to Section 9.3(d) thereof, a bona fide Principal Stockholder Acquisition
Proposal (as defined in the Merger Agreement) has been made to the Principal Stockholder and (C) within twelve (12) months after
such termination, the Principal Stockholder shall have entered into a definitive transaction agreement with respect to such Principal
Stockholder Acquisition Proposal (with “50%” being substituted in lieu of “20%” in each instance thereof
for purposes of Section 9.5(b)(iv) of the Merger Agreement). For the avoidance of doubt, it is clarified that the Principal
Stockholder shall be obligated to reimburse, indemnify and hold harmless the Company as above, only if all three conditions set
out at (A), (B) and (C) above are fulfilled. If any regulatory approval is required in connection with any payments required to
be made to the Company under this Agreement, the Principal Stockholder shall use all best efforts to secure any such regulatory
approval that may be required for making any payments under this Agreement.

 

This
Letter Agreement supersedes and replaces in its entirety that certain Letter Agreement, dated as of July 20, 2020, executed between
the parties hereto.

 

This
Letter Agreement is solely for the benefit of the parties hereto, and will not be assignable by any party without the prior written
consent of the other party. This Letter Agreement shall be binding upon and be solely to the benefit of each party hereto.

 

This
Letter Agreement shall terminate automatically and be of no further force and effect upon consummation of the Merger.

 

If
for any reason any of the provisions of this Letter Agreement are not performed in accordance with their specific terms or are
otherwise breached, immediate and irreparable harm or damage would be caused for which money damages would not be an adequate
remedy. Accordingly, each party agrees that, in addition to any other available remedies that a party may have in equity or at
law, each party shall be entitled to enforce specifically the terms and provisions of this Letter Agreement and to obtain an injunction
restraining any breach or violation or threatened breach or violation of the provisions of this Letter Agreement in the courts
of competent jurisdiction without necessity of posting a bond or other form of security. In the event that any proceeding should
be brought in equity to enforce the provisions of this Letter Agreement, no party shall allege, and each party hereby waives the
defense, that there is an adequate remedy at law.

 

THIS
LETTER AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE
WITH THE LAWS OF THE STATE OF CALIFORNIA WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF (OR ANY OTHER JURISDICTION)
TO THE EXTENT THAT SUCH PRINCIPLES WOULD DIRECT A MATTER TO ANOTHER JURISDICTION.

 

    2

     

    

 

Except
as permitted above, any dispute arising out of or relating to this Letter Agreement shall be exclusively and finally settled by
confidential arbitration in accordance with the rules of the American Arbitration Association (the “AAA”).
Unless otherwise agreed in writing by the parties, the arbitral tribunal shall consist of three arbitrators and the seat of the
arbitration shall be in the State of New Jersey All arbitration proceedings, including all written submissions and evidence provided,
shall be confidential and shall not be disclosed to any third party, except to the extent: (i) required by applicable law, (ii)
required in connection with any court application for interim relief or post-arbitration confirmation or enforcement proceedings,
or (iii) all other parties to the arbitration proceedings consent to the disclosure. The arbitration hearing shall be held as
promptly as possible, and in any event, within twelve months after the filing of the arbitration demand with the AAA. The award
shall be enforceable in any court of competent jurisdiction. The parties undertake to carry out any decision or award of the tribunal
without delay.

 

This
Letter Agreement may be executed in any number of counterparts, any one of which need not contain the signatures of more than
one party, but all of such counterparts together shall constitute one agreement; provided that, any amendment that is detrimental
to the Company must be approved by a majority of the members of the Company’s board of directors who satisfy all of the
following requirements: (a) are not an executive officer or employee of the Company, (b) satisfy the standards for being considered
an independent director under the rules of the Nasdaq Stock Market, (c) are not a director, officer or employee of the Principal
Stockholder or any of its affiliates (excluding the Company) and (d) do not have, directly or indirectly, a material business
relationship or ownership position with the Principal Stockholder (other than service on the board of directors of the Company).

 

This
Letter Agreement may be amended and the observance of any provision may be waived (either generally or in a particular instance
and either retroactively or prospectively) only with the mutual written consent of the signatories hereto.

 

In
case any one or more of the provisions contained in this Letter Agreement or any application thereof shall be invalid, illegal
or unenforceable in any respect, to the fullest extent permitted by applicable law, the validity, legality and enforceability
of the remaining provisions contained herein and other application thereof shall not in any way be affected or impaired thereby.

 

[SIGNATURES
FOLLOW ON THE NEXT PAGE]

 

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	 	Sincerely,
	 	 
	 	MAJESCO LIMITED
	 	 
	 	By: 	/s/ Farid Kazani
	 	Name:  	Farid Kazani
	 	Title: 	Managing Director

 

    4

     

    

 

	Agreed and accepted by:	 
	 	 
	MAJESCO	 
	 	 
	By:	 /s/ Adam Elster	 
	Name:  	Adam Elster	 
	Title: 	Chief Executive Officer	 

 

 

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