AMENDMENT NO.1 TO SHARED SERVICES AGREEMENT
The Shared Services Agreement dated August 5, 2010 between Commonwealth Annuity
and Life Insurance Company and Epoch Securities Inc. (the "Agreement") is hereby
amended effective January 1, 2014, as set forth below.
The parties agree as follows.
1. Schedule I to the Agreement is hereby deleted in its entirety and replaced
with the new Schedule 1 attached hereto.
2. All other terms of the Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties' duly authorized representatives executed this
Amendment No. 1 as of the effective date set forth above.
COMMONWEALTH ANNUITY AND LIFE
INSURANCE COMPANY
By: /s/ ▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇
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Title: SVP
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EPOCH SECURITIES, INC.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
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Title: SVP, CCO
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SCHEDULE 1 OF SHARED SERVICES AGREEMENT DATED 8/5/2010
(Revised 1/01/14)
1. PERSONNEL
AVERAGE TIME PERCENTAGE ALLOCATED
TO EPOCH FUNCTIONS NOT RELATED TO
DEPARTMENT NUMBER OF PERSONS VARIABLE INSURANCE PRODUCTS
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MANAGEMENT 1 3.0%
FINANCE 7 0.5%
INTERNAL AUDIT 1 0.5%
COMPLIANCE/LEGAL 9 4.4%
OPERATIONS/MARKETING 6 1.5%
BUSINESS DEVELOPMENT, STRATEGY AND SUPPORT 4 0.5%
2. ALLOCATED FACILITIES/OVERHEAD CHARGE (RELATED TO SERVICING OF VARIABLE
PRODUCTS) -- 0.4%
Third-party Servicing Agreement (TSA Charges)
Employee Benefits
Travel & Entertainment
Communication & Technology (e.g., computer/telephone support)
Occupancy (e.g., office space, office equipment, furniture/equipment,
sundry office supplies)
Amortization & Depreciation
Other Professional Fees
Printing & Postage
State/Regulatory/Licensing Fees
Other Fees (professional/legal/bank)
(1/01/14)