INVESTMENT MANAGEMENT AND ACCOUNTING SERVICES AGREEMENT among SAFECO CORPORATION and SAFECO INSURANCE COMPANY OF AMERICA and BLACKROCK FINANCIAL MANAGEMENT, INC. DATED: MAY 24, 2007Investment Management and Accounting Services Agreement • July 31st, 2007 • Safeco Corp • Fire, marine & casualty insurance • Washington
This Investment Management and Accounting Services Agreement (the “Agreement”) is made as of the 24th day of May, 2007 (the “Effective Date”) between Safeco Corporation and Safeco Insurance Company of America, on behalf of themselves and each of their Affiliates (“Safeco”), and BlackRock Financial Management, Inc. (the “Manager”), a Delaware corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Safeco and Manager may be referred to in this Agreement individually as a “Party” and collectively as “Parties”. In consideration of the mutual agreements herein contained, Safeco and Manager agree as follows:
