EX-10 10 c-2agreement.htm (H)(5) 22-C AGREEMENT BETWEEN NLIC AND REGISTRANT c-2agreement.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Information Sharing Agreement

This Agreement is entered into by and between National Life Insurance Company (“National
Life”) and the Sentinel Variable Products Trust (“Trust”) as of April 17, 2007.

Preliminary Statements

1. National Life, the Trust and Equity Services, Inc. have entered into a Participation
Agreement dated July 27, 2000 under which series of the Trust are available through National
Life’s variable life and annuity products (“Participation Agreement”).

2. National Life and the Trust wish to enter into this Agreement in connection with the
Participation Agreement and in compliance with Rule 22c-2 under the Investment Company Act
of 1940, as amended.

Agreements

1. Agreement to Provide Information. National Life agrees to provide the Trust and/or its
designee, upon written request, the taxpayer identification number (“TIN”), if known, of any or
all beneficial owners of the Funds (“Shareholders”), and the amount, date, name or other
identifier of any investment professional(s) associated with the Shareholders (if known), and
transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption,
transfer, or exchange of Trust’s shares (“Shares”) held through an account maintained by
National Life during the period covered by the request.

2. Period Covered by Request. Unless otherwise directed by the Trust, National Life agrees
to provide the information specified above for each trading day.

3. Form and Timing of Response. National Life agrees to transmit the requested information
that is on its books and records to the Trust or its designee promptly, but in any event not later
than five business days, after receipt of a request. If the requested information is not on National
Life’s books and records, National Life agrees to use reasonable efforts to: (i) promptly obtain
and transmit the requested information; (ii) obtain assurances from the accountholder that the
requested information will be provided directly to the Trust promptly; or (iii) if directed by the
Trust, block further purchases of Shares from such accountholder. In such instance, National
Life agrees to inform the Trust whether it plans to perform (i), (ii) or (iii). Responses required by
this paragraph must be communicated in writing and in a format mutually agreed upon by the
parties.

4. Limitations on Use of Information. The Trust agree not to use the information received
under this section for marketing or any other similar purpose without National Life’s prior
consent.

5. Agreement to Restrict Trading. National Life agrees to execute written instructions from
the Trust or its designee to restrict or prohibit further purchases or exchanges of Shares by
Shareholders that have been identified by the Trust as having engaged in transactions of Shares


(directly or indirectly through National Life’s account) that violate policies established by the
Trust for the purpose of eliminating or reducing any dilution of the value of the outstanding
Shares issued by the Trust.

6. Form of Instructions. Instructions must include the TIN, if known, and the specific
restriction(s) to be executed. If the TIN is not known, the instructions must include an equivalent
identifying number of the Shareholders or the Shareholders’ account(s) or other agreed upon
information to which the instruction relates.

7. Timing of Response. National Life agrees to execute instructions as soon as reasonably
practicable, but not later than five business days after receipt of the instructions by National Life.

8. Confirmation by Intermediary. National Life will provide written confirmation to the
Trust or its designee that instructions have been executed. National Life agrees to provide
confirmation as soon as reasonably practicable, but not later than ten business days after the
instructions have been executed.

9. Definitions. For purposes of this section, “Funds” does not does include the SVPT Money
Market Fund or any other money market fund. The term “shareholder” means the holder of
interests in a variable annuity or variable life insurance contract issued by you. The term
“written” includes electronic writings and facsimile transmissions.

10. Governing Law. The Agreement shall be governed by and interpreted in accordance with
the internal laws of the State of Vermont.

11. Amendments and Assignments. This Agreement may only be amended in a writing
signed by both parties. Neither party shall assign this Agreement without the prior written
consent of the other party provided, however, that either party may assign this Agreement to an
affiliated entity or a third party in connection with a merger, acquisition, reorganization or the
sale or transfer of all or substantially all of its assets to such third party. Subject to the foregoing,
this Agreement or the relevant provisions shall be binding upon, and inure to the benefit of, all
successors, executors, heirs, representatives, administrators and assigns.

NATIONAL LIFE INSURANCE COMPANY    SENTINEL VARIABLE PRODUCTS 
    TRUST 
 
 
__/s/_ Gregory H. Doremus    _/s/Christian W. Thwaites 
Gregory H. Doremus    Christian W. Thwaites 
Senior Vice President    President & Chief Executive Officer 

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