The Variable Annuity Life Insurance Company
Exhibit 10.83
February 19, 2013
The Variable Annuity Life Insurance Company
0000 Xxxxx Xxxxxxx
Houston, TX 77019
Attention: Secretary
The Variable Annuity Life Insurance Company
0000 Xxxxx Xxxxxxx
Houston, TX 77019
Attention: General Counsel
Ladies and Gentlemen:
Reference is made to that certain Unconditional Capital Maintenance Agreement dated as of March 30, 2011 (as supplemented, the “Capital Maintenance Agreement”) by and between American International Group, Inc. and The Variable Annuity Life Insurance Company (the “Company”). Capitalized terms, unless otherwise defined herein, shall have the meanings set forth in the Capital Maintenance Agreement.
Pursuant to paragraph 3 of the Capital Maintenance Agreement, the undersigned parties hereby agree that effective as of February 19, 2013, the Specified Minimum Percentage shall equal 385%. Accordingly, Schedule 1 to the Capital Maintenance Agreement shall be restated as follows:
“The Specified Minimum Percentage shall equal 385% of the Company’s Company Action Level RBC.”
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Yours sincerely, | ||||
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AMERICAN INTERNATIONAL GROUP, INC. | ||||
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By: |
/s/ Xxxxxxx X. Xxxxxxx | |||
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Name: |
Xxxxxxx X. Xxxxxxx | ||
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Title: |
Senior Vice President and Chief Corporate Actuary | ||
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Acknowledged and agreed: |
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THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
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By: |
/s/ Xxxx Xxxx X. Xxxxxx |
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Name: |
Xxxx Xxxx X. Xxxxxx |
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Title: |
Executive Vice President and Chief Financial Officer |
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