Common use of AND EFFECTIVE DATE Clause in Contracts

AND EFFECTIVE DATE. In witness of the above, this Agreement is executed in duplicate on the dates indicated below with an Effective Date of December 31, 1994. NORTH AMERICAN SECURITY LIFE PAIN▇ ▇▇▇B▇▇ ▇▇▇URANCE COMPANY LIFE INSURANCE COMPANY ("Ceding Company") ("Reinsurer") on March 29, 1995 on March 30, 1995 By: John ▇. ▇▇▇▇▇▇ By: Rich▇▇▇ ▇. ▇▇▇▇▇▇ ------------------------------ ---------------------------------- Title: VP & Actuary Title: Senior Vice President By: Rich▇▇▇ ▇. ▇▇▇▇▇▇ By: Geri▇▇▇▇ ▇. ▇▇▇▇▇ ------------------------------ ---------------------------------- Title: VP Treasurer & CFO Title: Vice Prsident SCHEDULE A ANNUITIES AND RISKS REINSURED ANNUITIES AND RISKS REINSURED. The amount of reinsurance under this Agreement will be a percent quota share of the Ceding Company's net liability, with respect to the separate account, on those variable annuities and the corresponding state and group variations thereof listed below that are issued by the Ceding Company and sold by the PaineWebber Affiliates listed below. Policies included in the Initial Consideration calculation of Article II, paragraph 1, will be included in this Agreement if the agency of record as of the Effective Date of this Agreement is one of the PaineWebber Affiliates listed below, instead of if it was sold by the PaineWebber Affiliates listed below. Any policies covered by this Agreement will continue to be covered even if the agency of record is changed subsequent to the Effective Date of this Agreement. VENTURE VARIABLE ANNUITY PLANS ------------------------------------------------------------------------------------------------------------- Description Policy Form Numbers Quota Share ------------------------------------------------------------------------------------------------------------- CATEGORY A - Individual All contracts beginning with form number 207, except: 15% Contracts with a 6 year (i) exclude form 207-VFA-NY surrender charge and a 6 (ii) include form VFA-MN year step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY B - Individual All contracts beginning with form number 207 which have form 15% Contracts with a 6 year ENDORSEMENT.005 attached, except: surrender charge and (i) exclude form 207-VFA-NY yearly step-up death (ii) include contracts issued in Montana which use form benefit ENDORSEMENT.005.94 All contracts beginning with form VFA-MN with form ENDORSEMENT.005 attached. ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- Description Policy Form Numbers Quota Share ------------------------------------------------------------------------------------------------------------- CATEGORY C - Group All certificates beginning with form VFA-CERT. 15% Contracts with a 6 year surrender charge and a 6 year step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY D - Group All certificates beginning with form VFA-CERT which have 15% Contracts with a 6 year ENDORSEMENT.007 attached. surrender charge and yearly step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY E - Individual All contracts with form numbers VENTURE.001, VENTURE.001.94, 35% Contracts with a 7 year and VENTURE.005. surrender charge and yearly step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY F - Group All certificates with form number VENTURE.003. 35% Contracts with a 7 year surrender charge and yearly step-up death benefit ------------------------------------------------------------------------------------------------------------- PAINEWEBBER AFFILIATES TAX ID NUMBER ---------------------- ------------- PWJC Agency, Inc. 51-0▇▇▇▇▇▇ PWJC Sales Agency 13-2▇▇▇▇▇▇ PWJC Insurance Agency Massachusetts 04-2▇▇▇▇▇▇ PWJC Insurance Sales Arizona 13-3▇▇▇▇▇▇ PWJC Agency Illinois 13-3▇▇▇▇▇▇ PWJC Insurance Agency Oklahoma 73-1▇▇▇▇▇▇ PWJC Insurance Sales Wyoming 63-0▇▇▇▇▇▇ PWJC Insurance Sales Montana, Inc. 81-0▇▇▇▇▇▇ PW Insurance Agency of Ohio 13-3▇▇▇▇▇▇ PW Insurance Agency Arkansas 13-3▇▇▇▇▇▇ PWJC Insurance Agency Texas 74-1▇▇▇▇▇▇ Rotan Mosle Insurance Agency, Inc 74-1▇▇-▇▇▇▇

AND EFFECTIVE DATE. In witness of the above, this Agreement is executed in duplicate on the dates indicated below with an Effective Date of December 31January 1, 19941997. NORTH AMERICAN SECURITY LIFE PAIN▇ ▇▇▇B▇▇▇▇ ▇▇▇URANCE ▇▇ INSURANCE COMPANY LIFE INSURANCE COMPANY ("Ceding CompanyCompany ") ("ReinsurerREINSURER") on March 29October 14, 1995 1997 on March 30October 1, 1995 1997 By: John /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ III By: /s/ illegible --------------------------------- ------------------------------------ Title: President Title: Sr. Vice President and Chief Financial Officer By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇ By: Rich▇▇▇ ▇. ▇▇▇▇▇▇ ------------------------------ ---------------------------------- /s/ illegible --------------------------------- ------------------------------------ Title: VP & Actuary VP, Product Management Title: Senior Vice President By: Rich▇▇▇ ▇Director, Product Manuf. ▇▇▇▇▇▇ By: Geri▇▇▇▇ ▇. ▇▇▇▇▇ ------------------------------ ---------------------------------- Title: VP Treasurer & CFO Title: Vice Prsident Supply SCHEDULE A ANNUITIES AND RISKS REINSURED ANNUITIES AND RISKS REINSUREDAnnuities and Risks Reinsured. The amount of reinsurance under this Agreement will be a percent [*] quota share of the Ceding Company's net liability, with respect to the separate accountSeparate Account, on those variable annuities and the corresponding state and group variations thereof listed below that are issued by the Ceding Company on or after January 1, 1997, and sold by the PaineWebber Affiliates listed below. Policies included in the Initial Consideration calculation licensed insurance agency affiliates of Article II▇▇▇▇▇▇▇ Lynch, paragraph 1Pierce, will be included in this Agreement if the agency of record as of the Effective Date of this Agreement is one of the PaineWebber Affiliates listed below, instead of if it was sold by the PaineWebber Affiliates listed below▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated. Any policies covered by this Agreement will continue to be covered even if the agency of record is changed subsequent to the Effective Date of this Agreement. VENTURE VARIABLE ANNUITY PLANS ------------------------------------------------------------------------------------------------------------- Description Policy Form Numbers Quota Share ------------------------------------------------------------------------------------------------------------- CATEGORY A - Individual Venture Variable Annuity Plans POLICY FORM NUMBERS ADMINISTRATIVE CODE ------------------- ------------------- 1. All contracts beginning with form number 207, except: 15% Contracts with a 6 year (i) exclude VEN27 207 issued excluding form 207-VFA-NY surrender charge and a 6 (ii) include form VFA-MN year step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY B - Individual All contracts beginning with form number 207 which have form 15% Contracts with a 6 year ENDORSEMENT.005 attached, except: surrender charge and (i) exclude form 207-VFA-NY yearly step-up death (ii) include contracts issued in Montana which use form benefit ENDORSEMENT.005.94 All contracts beginning with form VFA-MN with form ENDORSEMENT.005 attached2. ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- Description Policy Form Numbers Quota Share ------------------------------------------------------------------------------------------------------------- CATEGORY C - Group All certificates beginning with form VFA-CERT. 15% Contracts with a 6 year surrender charge and a 6 year step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY D - Group All certificates beginning with form VFA-CERT which have 15% Contracts with a 6 year ENDORSEMENT.007 attached. surrender charge and yearly step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY E - Individual All contracts with form numbers VEN25 VENTURE.001, VENTURE.001.94VENTURE.004, 35% Contracts with a 7 year and VENTURE.005VENTURE.005 3. surrender charge and yearly step-up death benefit ------------------------------------------------------------------------------------------------------------- CATEGORY F - Group All certificates with form number VENTURE.003VEN26 VENTURE.003 SCHEDULE B QUARTERLY REPORT ACTIVITY AND SETTLEMENTS FROM CEDING COMPANY TO REINSURER ACCOUNTING PERIOD: CALENDAR YEAR: DATE REPORT COMPLETED: 1. 35% Contracts with a 7 year surrender charge Reinsurance Premium (Article II) _______ 2. Benefit Payments (Article IV) a. Claims _______ b. Cash Surrender Values _______ c. Partial Withdrawals _______ d. Annuity Benefits _______ Benefit Payments = a+b+c+d _______ 3. Modified Coinsurance Reserve Adjustment (Article V) a. Modco Reserve end of current Accounting Period _______ b. Modco Reserve end of preceding Accounting Period _______ c. Equals a-b _______ d. Modco Reserve Investment Credit (Schedule C) _______ Modified Coinsurance Reserve Adjustment = c-d _______ 4. Allowance for Expenses and yearly stepDeath Benefit Guarantees (Article III) _______ 5. Transfers Involving Fixed Account (Article VI) a. Quota share of transfers from Fixed Account to Separate Account during the current Accounting Period (paragraph 1) _______ b. Quota share of transfers from Separate Account to Fixed Account during the current Accounting Period (paragraph 2) _______ Transfers Involving the Fixed Account = a-up death benefit ------------------------------------------------------------------------------------------------------------- PAINEWEBBER AFFILIATES TAX ID NUMBER ---------------------- ------------- PWJC Agencyb _______ 6. Adjustments for Transfers Involving Fixed Account (Article VI) a. Quota share of transfers from Fixed Account to Separate Account during the current Accounting Period (paragraph 3) _______ b. Quota share of transfers from Separate Account to Fixed Account during the current Accounting Period (paragraph 4) _______ Adjustment for Transfers Involving the Fixed Account = a-b _______ 7. Adjustment for Annuity Benefits (Article IV, Inc. 51paragraph 6) _______ 8. Adjustment for Internal Replacements (Article VIII, paragraph 5) a. Quota share of replaced policy account value in Separate Account _______ b. Adjustment for replaced reinsured policy _______ c. Quota share of new policy account value in Separate Account _______ d. Adjustment for new reinsured policy _______ Adjustment for Internal Replacements = a-0▇▇▇▇▇▇ PWJC Sales Agency 13b-c+d _______ 9. Cash Settlement = 1-2▇▇▇▇▇▇ PWJC Insurance Agency Massachusetts 04-2▇▇▇▇▇▇ PWJC Insurance Sales Arizona 13-3▇▇▇▇▇▇ PWJC Agency Illinois 13-3▇▇▇▇▇▇ PWJC Insurance Agency Oklahoma 734+5-1▇▇▇▇▇▇ PWJC Insurance Sales Wyoming 636+7-0▇▇▇▇▇▇ PWJC Insurance Sales Montana8 _______ SCHEDULE C MODIFIED COINSURANCE RESERVE INVESTMENT CREDIT Modified Coinsurance Reserve Investment Credit. The Modified Coinsurance Reserve Investment Credit is equal to the portion of the sum of all accrued investment income and capital gains and losses, Inc. 81-0▇▇▇▇▇▇ PW Insurance Agency realized and unrealized, on the mutual funds underlying the Ceding Company's Separate Account for the current Accounting Period which corresponds to the portion of Ohio 13-3▇▇▇▇▇▇ PW Insurance Agency Arkansas 13-3▇▇▇▇▇▇ PWJC Insurance Agency Texas 74-1▇▇▇▇▇▇ Rotan Mosle Insurance Agencythe variable annuities reinsured hereunder. For Venture Annuities reinsured hereunder, Inc 74-1▇▇-▇▇▇▇the Modified Coinsurance Reserve Investment Credit will be adjusted for income taxes net of any income tax benefits or credits or changes in any provision for taxes. It will be reduced for investment management fees in excess of 45bp basis points annually and any other fund level charges. It will not be reduced for mortality and expense risk charges or administrative charges as defined in the annuity contracts. The Modified Coinsurance Reserve Investment Credit will be calculated each Accounting Period as follows: