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EXHIBIT 10.46
AMENDMENT NO. 1 TO
STOCK PURCHASE AND EXCHANGE AGREEMENT
Amendment No. 1 (the "Amendment"), dated as of December 29, 1999,
among GE Financial Assurance Holdings, Inc., a Delaware corporation, Phoenix
Group Holdings, Inc., a Connecticut corporation, PM Holdings, Inc., a
Connecticut corporation, and GE Life and Annuity Assurance Company, a Virginia
corporation.
WHEREAS, the parties hereto entered into a Stock Purchase and
Exchange Agreement, together with the schedules related thereto (the
"Agreement"), dated as of December 9, 1999; and
WHEREAS, the parties wish to amend the Agreement in the manner set
forth herein;
NOW THEREFORE, in exchange for the undertakings contained in the
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE I
AMENDMENTS TO THE AGREEMENT
1.1. Section 7.3.
Section 7.3 of the Agreement is amended and restated in its
entirety as set forth on Exhibit A-1 attached hereto.
1.2. Section 7.6(a)(i).
Section 7.6(a)(i) of the Agreement is amended and restated in its
entirety as set forth on Exhibit A-2 attached hereto.
1.3. Section 7.9.
Section 7.9 of the Agreement is amended and restated in its
entirety as set forth on Exhibit A-3 attached hereto.
1.4. Section 7.12.
A new Section 7.12, which is set forth on Exhibit A-4 attached
hereto, is added to the Agreement.
1.5. Section 7.13.
A new Section 7.13, which is set forth on Exhibit A-5 attached
hereto, is added to the Agreement.
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ARTICLE II
MISCELLANEOUS
2.1. No Other Amendments.
Other than as expressly set forth herein, the Agreement remains
unaltered and in full force and effect.
2.2. Counterparts.
This Amendment may be executed in two or more counterparts, each of
which shall be deemed to be an original, but all of which together shall
constitute one and the same amendment.
2.3. Governing Law.
This Amendment shall be construed, performed and enforced in
accordance with the laws of the State of Connecticut without regard to the
conflicts of law principles of such state.
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IN WITNESS WHEREOF, the undersigned have caused this Amendment to
be executed as of December 29, 1999.
GE FINANCIAL ASSURANCE HOLDINGS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President &
Chief Financial Officer
GE LIFE AND ANNUITY ASSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President
PM HOLDINGS, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President
PHOENIX GROUP HOLDINGS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Assistant Treasurer
Phoenix Home Life Mutual Insurance Company, a mutual life insurance
company organized under the laws of the State of New York ("PHLMIC"), hereby
acknowledges and agrees that any and all obligations of PHLMIC as a guarantor
under the Agreement shall apply equally to this Amendment.
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PHOENIX HOME LIFE MUTUAL
INSURANCE COMPANY
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇.
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇.
Title: Senior Vice President
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