Common use of Reinsurance Premiums and Other Payments by the Reinsured Clause in Contracts

Reinsurance Premiums and Other Payments by the Reinsured. 1. The reinsurance premium to be paid to the Reinsurer by the Reinsured with respect to each reinsured policy will be the quota share percentage, as specified in Schedule B, of the gross premium less transfers to the Reinsured’s separate account and plus transfers from the Reinsured’s separate account. Transfers from the separate account shall not include policy fees, mortality and expense charges, charges for guaranteed minimum income benefit riders, or transfers needed to pay benefits. The Reinsured’s separate account shall be maintained such that the separate account liabilities for the reinsured policies is equal to the market value of the assets in the variable subaccounts. 2. Gross premiums shall include deposits received as the result of a withdrawal of funds from policies issued by the Reinsured, but not originally reinsured under this Agreement (e.g. internal transfers). 3. The Reinsured shall pay the Reinsurer’s quota share percentage of policy fees and mortality and expense (M&E) charges assessed on separate account funds for the policies reinsured to the Reinsurer. Charges for guaranteed living benefit riders shall not be included. 4. The Reinsured shall pay to the Reinsurer a quota share percentage of any net revenues realized by the Reinsured, its affiliates or FUV-011 – May 1, 2007 4 subsidiaries, through 12b-1 plan expense reimbursements and through asset management fee sharing or administrative cost reimbursement arrangements with sub account fund managers or advisors with respect to the policies reinsured. 5. The Reinsured shall pay to the Reinsurer a quota share percentage of any DCA reimbursements received by the Reinsured and any gain associated with timing differences in the application of funds.

Reinsurance Premiums and Other Payments by the Reinsured. 1. The reinsurance premium to be paid to the Reinsurer by the Reinsured with respect to each reinsured policy will be the quota share percentage, as specified in Schedule B, of the gross premium less transfers to the Reinsured’s separate account and plus transfers from the Reinsured’s separate account. Transfers from the separate account shall not include policy fees, mortality and expense charges, charges for guaranteed minimum income benefit riders, or transfers needed to pay benefits. The Reinsured’s separate account shall be maintained such that the separate account liabilities for the reinsured policies is equal to the market value of the assets in the variable subaccounts. 2. Gross premiums shall include deposits received as the result of a withdrawal of funds from policies issued by the Reinsured, but not originally reinsured under this Agreement (e.g. internal transfers). 3. The Reinsured shall pay the Reinsurer’s quota share percentage of policy fees and mortality and expense (M&E) charges assessed on separate account funds for the policies reinsured to the Reinsurer. Charges for guaranteed living benefit riders shall not be included. 4. The Reinsured shall pay to the Reinsurer a quota share percentage of any net revenues realized by the Reinsured, its affiliates or FUV-011 – May 1, 2007 4 subsidiaries, through 12b-1 12b-l plan expense reimbursements and through asset management fee sharing or administrative cost reimbursement arrangements with sub account fund managers or advisors with respect to the policies reinsured. 5. The Reinsured shall pay to the Reinsurer a quota share percentage of any DCA reimbursements received by the Reinsured and any gain associated with timing differences in the application of funds.