The Variable Annuity Life Insurance Company
Exhibit 10.10
March 30, 2012
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 (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 March 30, 2012, the Specified Minimum Percentage shall equal 435%. Accordingly, Schedule 1 to the Capital Maintenance Agreement shall be restated as follows:
“The Specified Minimum Percentage shall equal 435% 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/ Xxxxx X. Xxxxxx |
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Name: Xxxxx X. Xxxxxx |
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Title: Executive Vice President and |
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Chief Financial Officer |
Acknowledged and agreed:
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
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By: |
/s/ Xxxxxxx X. Xxxxx |
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Name: Xxxxxxx X. Xxxxx |
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Title: Executive Vice President |
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