EX-99.24(B)(7)(A) 8 b74165a1exv99w24xbyx7yxay.txt AXA AUTOMATIC REINSURANCE AGREEMENT THE REGISTRANT HAS APPLIED FOR CONFIDENTIAL TREATMENT OF CERTAIN TERMS IN THIS EXHIBIT WITH THE SECURITIES AND EXCHANGE COMMISSION. THE CONFIDENTIAL PORTIONS OF THIS EXHIBIT ARE MARKED WITH AN ASTERISK [*] AND HAVE BEEN OMITTED. THE OMITTED PORTIONS OF THIS EXHIBIT WILL BE FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST. AUTOMATIC REINSURANCE AGREEMENT between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (a corporation organized under the laws of the state of New York, having its principal place of business in Boston, Massachusetts; hereinafter referred to as the CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (a corporation organized under the laws of the state of Delaware, having its principal place of business in New York, New York; hereinafter referred to as the REINSURER) EFFECTIVE DATE OF THIS AGREEMENT: SEPTEMBER 17, 2001 (hereinafter referred to as the EFFECTIVE DATE) AGREEMENT NO. 2001-41NY TABLE OF CONTENTS PREAMBLE ............................................................ 1 Article I. Scope of Agreement ......................................... 1 Article II. Commencement and Termination of Liability .................. 2 Article III. Oversights and Clerical Errors ............................. 3 Article IV. Net Amount at Risk ......................................... 4 Article V. Reinsurance Premiums ....................................... 6 Article VI. Reinsurance Administration ................................. 7 Article VII. Settlement of Claims ....................................... 9 Article VIII. Treaty Reserve ............................................. 11 Article IX. Recapture Privileges ....................................... 12 Article X. Inspection of Records ...................................... 13 Article XI. Insolvency ................................................. 14 Article XII. Negotiation ................................................ 15 Article XIII. Arbitration ................................................ 16 Article XIV. Right to Offset Balances Due ............................... 18 Article XV. Contract and Program Changes ............................... 19 Article XVI. Confidentiality ............................................ 21 Article XVII. Other Provisions ........................................... 22 A. Notifications ........................................... 22 B. Assignment .............................................. 22 C. Severability ............................................ 22 D. Currency ................................................ 22 Article XVIII. Entire Agreement ........................................... 23 Article XIX. DAC Tax .................................................... 24 Article XX. Duration of Agreement ...................................... 25 Article XXI. Execution of Agreement ..................................... 26
SCHEDULES AND EXHIBITS Schedule A Plans of Reinsurance Schedule B Investment Funds Schedule C Required Data and Suggested Data Layout Exhibit I Mortality Table/Projection Scale G Exhibit II Benefit Limitation Rule Exhibit III Annuitization Rate And Exposure Determination Exhibit IV Confidentiality and Non-Disclosure Agreement Exhibit V Wiring Instructions
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 i PREAMBLE This Agreement is an indemnity reinsurance agreement solely between the CEDING COMPANY and the REINSURER. The acceptance of reinsurance hereunder shall not create any right or legal relation whatever between the REINSURER and the annuitant, owner, beneficiary or any other party under any contracts of the CEDING COMPANY which may be reinsured hereunder. The CEDING COMPANY shall be and remain solely liable to such parties under such contracts reinsured hereunder. All provisions of this Agreement are subject to the laws of the State of New York. ARTICLE I. SCOPE OF AGREEMENT A. On and after the EFFECTIVE DATE of this Agreement, the CEDING COMPANY shall automatically reinsure with the REINSURER and the REINSURER shall automatically accept, its share of the IBNAR (defined in Article IV), generated prior to termination of the REINSURER's liability (defined in Article II), by the Guaranteed Minimum Income Benefit (GMIB) provisions of the Guaranteed Retirement Income Program (Income Program) within the variable annuity contracts issued by the CEDING COMPANY and reinsured hereunder (defined in Schedule A). B. The REINSURER's maximum aggregate IBNAR (defined in Article IV) liability incurred in any one calendar year shall not exceed the lesser of: 1. [*] basis points of the REINSURER's Quota Share Percentage (defined in Schedule A) of the average aggregate IBB (defined in Schedule A) value inforce hereunder eligible to annuitize under the Income Program (i.e., those contracts past their waiting period, defined in Schedule A) over each respective calendar year of coverage. This average shall be calculated by way of a trapezoidal rule as shown in Exhibit II. and 2. The total liability amount generated once the annual annuitization rate reaches [*] during the calendar year of coverage. This annuitization rate calculation is described in Exhibit III. The annuitization rate will be monitored as described in Article VI, Paragraph D. C. The REINSURER's maximum IBNAR liability on any individual life reinsured hereunder shall be limited to one million dollars ($1,000,000) multiplied by the REINSURER's Quota Share Percentage. D. This Agreement covers only the CEDING COMPANY's contractual liability for claims that are realized upon annuitization under the contractual terms of the Income Program within the variable annuity contract forms specified in Schedule A and supported by investment funds specified in Schedule B and its Amendments, that were submitted to the REINSURER in accordance with the terms of this Agreement set forth in Article XV, Contract and Program Changes. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 1 Effective September 17 2001 ARTICLE II. COMMENCEMENT AND TERMINATION OF LIABILITY A. On reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. B. The liability of the REINSURER for all reinsured contracts under this Agreement may terminate in accordance with 1. the Duration of Agreement provisions of this Agreement set forth in Article XX, or 2. the termination provisions set forth within Article VI, Administration, or 3. the Recapture Privileges set forth in Article IX. C. For an individual contract, the liability of the REINSURER under this Agreement will terminate either in accordance with Paragraph B, above, or upon the earliest of the following occurrences defined in the contract(s) reinsured hereunder: 1. the date the owner elects to annuitize pursuant to other than the Income Program; 2. surrender or termination of the contract 3. full withdrawal, including 1035 exchanges and qualified transfers when the CEDING COMPANY terminates the contract and releases the proceeds to the contract owner, beneficiary, annuitant or new carrier; 4. the death of the owner or annuitant where such death triggers the payment of a contractual death benefit, except when spousal continuance has been elected during the new business term of this Agreement as defined in Article XX, Paragraph A. On spousal continuance election the REINSURER's liability will be terminated upon death of the spouse; 5. attainment of the maximum annuitization age or attained age 95, if earlier. D. Upon annuitization under the Income Program, the liability of the REINSURER shall terminate, subject to the payment of a benefit claim that may be due in accordance with the IBNAR calculation as set forth in Article IV. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 2 Effective September 17 2001 ARTICLE III. OVERSIGHTS AND CLERICAL ERRORS A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery. B. If the CEDING COMPANY or the REINSURER discovers that the CEDING COMPANY did not cede reinsurance on a contract it should have reinsured under this Agreement, the CEDING COMPANY will take prompt, reasonable and necessary steps to ensure that similar oversights do not recur. Then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had the CEDING COMPANY ceded such reinsurance at the original date. If the REINSURER receives no evidence that the CEDING COMPANY has taken action to remedy such a situation, the REINSURER reserves the right to limit its liability to reported contracts only. C. Any negligent or deliberate acts or omissions by the CEDING COMPANY regarding the insurance or reinsurance provided are the responsibility of the CEDING COMPANY and its liability insurer, if any, but not that of the REINSURER. The previous sentence does not negate the REINSURER's liability under Article VII, Settlement of Claims, of this Agreement. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 3 Effective September 17 2001 ARTICLE IV. NET AMOUNT AT RISK A. The IBNAR (Income Benefit Net Amount at Risk) for each variable annuity contract reinsured hereunder shall be equal to the following: IBNAR = Maximum [( IBB * ( MAPR / SAPR ) - Account Value), 0] * REINSURER's Quota Share Percentage where: - The INCOME BENEFIT BASE (IBB) is as defined in Schedule A - The MINIMUM ANNUITY PURCHASE RATE (MAPR) per $1000 is calculated using the following assumptions: Mortality Table: [*] Age Setback: None Mortality Improvement: [*] Unisex Blend: Sex distinct only Interest Rate: [*] all years Expenses: None Premium Taxes: Applied by state of residence and market Age: Attained age nearest birthday on exercise date Frequency of Payment: Monthly or quarterly or annually Annuity Form: Limited to a Life Annuity with a 10 Year Period Certain or Joint and Survivor Life Annuity with 20 Year Period Certain. For qualified plans: period certain to meet IRS requirement.
- The SETTLEMENT ANNUITY PURCHASE RATE (SAPR) per $1000, which is used at time of annuitization for reinsurance claims settlement, is calculated using the following assumptions: Mortality Table: [*] Age Setback: None Mortality Improvement: [*] Unisex Blend: Sex distinct only Interest Rate: The yield on the most recently auctioned [*]-Year U.S. Treasury Security (i.e., "on-the-run"), as posted in the Wall Street Journal, at the beginning of the month in which annuitization occurs minus [*] Basis Points. That interest rate shall never be less than [*]. If there is
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 4 Effective September 17 2001 ARTICLE IV, NET AMOUNT AT RISK (Continued) no recent [*]Year U.S. Treasury Security posted, then the linear interpolation of the [*]Year and [*]Year U.S. Treasury Security as posted by the Wall Street Journal will be used in lieu of the [*]Year rate. The [*]Year linear interpolated rate will be calculated using [*] of the [*]Year rate plus [*] of the [*]Year rate. Expenses: None Premium Taxes: Applied by state of residence and market Age: Attained age nearest birthday on exercise date Frequency of Payment: Monthly or quarterly or annually Annuity Form: Limited to a Life Annuity with a 10 Year Period Certain or Joint and Survivor Life Annuity with 20 Year Period Certain. For qualified plans: period certain to meet IRS requirement.
B. The actual annuity purchase rates offered by the CEDING COMPANY at time of annuitization under the Income Program may differ from those defined above. The annuity rates defined above are used for settlement of reinsurance claims only. C. Premium taxes will be applied on a consistent basis between the MAPR and SAPR to calculate the IBNAR. D. The IBNAR for each contract reinsured hereunder shall be calculated as of the last day of each calendar month prior to the termination of liability contingencies set forth in Article II. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 5 Effective September 17 2001 ARTICLE V. REINSURANCE PREMIUMS A. The Reinsurance Premium is an asset-based reinsurance premium applied to the average aggregate IBB value for the reporting period multiplied by the REINSURER's Quota Share Percentage. The reporting period is monthly. B. The annualized reinsurance premiums are shown below and are expressed in terms of basis points. They shall be applied on a monthly basis by utilizing one-twelfth (1/12th) of the annualized rates.
Issue Reinsurance Premium Guaranteed Maximum Income Program Ages (Basis Points) (Basis Points) -------------- ----- ------------------- ------------------ Income Program Rider 0-80 [*] [*]
The current reinsurance premium rate shall be in effect for a minimum of fifteen (15) years from the EFFECTIVE DATE of this Agreement. Thereafter, the reinsurance premium may be increased based on expected experience but not beyond the stated guaranteed maximum rates shown. C. The total Reinsurance Premium due and payable in the first month shall at least equal [*] for this Agreement, the complementary GMDB Agreement, if any, Agreement No. 2000-14, Agreement No. 2001-41, Agreement No. 2001-47 and Agreement No. 2001-48, combined. Thereafter, the minimum reinsurance premium that is due and payable shall increase by [*] for each month after the first month until it reaches [*], for the combined agreements, six months after the EFFECTIVE DATE. The total reinsurance premium that is due and payable for the combined agreements in any month thereafter shall at least equal seven thousand five hundred dollars ($7,500). D. The reinsurance rates and the premium structure described above are subject to change based on the criteria described in Article XV, Contract and Program Changes. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 6 Effective September 17 2001 ARTICLE VI. REINSURANCE ADMINISTRATION A. The CEDING COMPANY acknowledges the importance of supplying timely and accurate data, as defined herein, to enable the REINSURER to manage effectively the risk associated with the products reinsured hereunder. Therefore, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will take all necessary steps to furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate Summary Statement containing the following: 1. reinsurance premiums due to the REINSURER summarized separately for each Income Program premium class as shown in Article V; 2. benefit claim reimbursements under the contractual terms of the Income Program that are due to the CEDING COMPANY; 3. month end date for the period covered by the Summary Statement. C. Payments between the CEDING COMPANY and the REINSURER shall be paid net of any amount due and unpaid under this Agreement. If the net balance is due to the REINSURER, the amount due shall be remitted with the Summary Statement, but no later than thirty (30) days from the month end date for the period covered by the Summary Statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the Summary Statement. Wiring instructions are attached in Exhibit V. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate IBNAR liability, as described in Article I, Paragraph B, throughout the calendar year. Both the CEDING COMPANY and the REINSURER shall approximate the annuitization rate each calendar quarter during the year to determine if actual annuitization exceeds the maximum annuitization rate, specified in Article I, Paragraph B, on an annual basis. If the maximum annuitization rate is exceeded, the REINSURER will temporarily suspend the payment of Income Program claims until the end of the following calendar quarter or until such time that all data required for the calculation is available. The REINSURER will then determine whether a true-up of Income Program claims for the calendar year is required. It is the intent of both parties that the calculations described in this Paragraph D are mutually confirmed prior to initiation of any actions described herein. E. The payment of reinsurance premiums is a condition precedent to the liability of the REINSURER under this Agreement. In the event the CEDING COMPANY does not pay reinsurance premiums in a timely manner as defined below, the REINSURER may exercise the following rights: 1. The REINSURER reserves the right to charge interest if premiums are not paid within sixty (60) days of the due date, as defined in Paragraph C of this Article. The interest rate charged shall be based on the [*] in the month following the due date of the reinsurance premiums [*]. The Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 7 Effective September 17 2001 ARTICLE VI, REINSURANCE ADMINISTRATION (Continued) method of calculation shall be simple interest (360-day year). Interest will accrue from sixty (60) days following the due date shown on the Summary Statement. 2. The REINSURER will have the right to terminate this Agreement when premium payments are more than ninety (90) days past due the due date described in Paragraph C of this Article, by giving ninety (90) days written notice of termination to the CEDING COMPANY. As of the close of the last day of this ninety-(90) day notice period, the REINSURER's liability for all risks reinsured associated with the defaulted premiums under this Agreement will terminate. If all premiums in default are received within the ninety-(90l day time period, the Agreement will remain in effect. F. If claims are not paid within sixty (60) days of the REINSURER's receipt of satisfactory proof of claim liability, the CEDING COMPANY reserves the right to charge interest, based on the [*] in the month following the due date shown on the Summary Statement plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year). Interest will accrue from sixty (60l days following the due date shown on the Summary Statement. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 8 Effective September 17 2001 ARTICLE VII. SETTLEMENT OF CLAIMS A. The claims that are eligible for reimbursement are only those that the CEDING COMPANY is contractually required to pay on or after the expiration of the waiting period and upon annuitization under the terms of the Income Program where such events occur, on the policies reinsured hereunder, on or after the EFFECTIVE DATE, subject to the liability limitations described in Article I. B. In the event the CEDING COMPANY provides satisfactory proof of claim liability to the REINSURER, claim settlements made by the CEDING COMPANY shall be unconditionally binding on the REINSURER. In every case of claim, copies of the proofs obtained by the CEDING COMPANY will be taken by the REINSURER as sufficient. C. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY shall notify the REINSURER of the reinsured contractual Income Program benefits paid in that month, based on the IBNAR definition set forth in Article IV, and the REINSURER shall reimburse the CEDING COMPANY, as provided in Article VI, for the reinsured benefits. D. Settlements by the REINSURER shall be in a lump sum regardless of the mode of payment made by the CEDING COMPANY. E. With respect to Extra-Contractual Damages, in no event will the REINSURER participate in punitive or compensatory damages or statutory penalties which are awarded against the CEDING COMPANY as a result of an act, omission or course of conduct committed solely by the CEDING COMPANY in connection with the insurance reinsured under this Agreement. The parties recognize that circumstances may arise in which equity would require the REINSURER, to the extent permitted by law, to share proportionately in certain assessed situations in which the REINSURER was an active party and directed, consented to, or ratified the act, omission or course of conduct of the CEDING COMPANY which ultimately resulted in the assessment of the extra-contractual damages. In such situations, the REINSURER and the CEDING COMPANY shall share such damages so assessed in equitable proportions. For the purposes of this provision, the following definitions will apply: "Punitive Damages" are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute "Statutory Penalties" are those amounts awarded as a penalty, but fixed in amount by statute "Compensatory Damages" are those amounts awarded to compensate for the actual damages sustained and are not awarded as a penalty, nor fixed in amount by statute Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 9 Effective September 17 2001 ARTICLE VII, SETTLEMENT OF CLAIMS (Continued) If the REINSURER declines to be party to the contest, compromise or litigation of a claim, it will pay its full share of the amount reinsured, as if there had been no contest, compromise or litigation. In addition, the REINSURER will pay its proportionate share of covered expenses incurred to the date it notifies the CEDING COMPANY that it declines to be a party to the contest, compromise or litigation of a claim. F. In no event will the REINSURER be liable for expenses incurred in connection with a dispute or contest arising out of conflicting or any other claims of entitlement to policy proceeds or benefits, provided the REINSURER makes payment of the amount of reinsurance to the CEDING COMPANY, as described in the above paragraph. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 10 Effective September 17 2001 ARTICLE VIII. TREATY RESERVE A. The reserves held by the REINSURER in its statutory financial statement will be greater than or equal to those required by the state where the statement is filed. B. It is the intention of both the REINSURER and the CEDING COMPANY that the CEDING COMPANY qualify for reinsurance credit in all States for reinsurance ceded hereunder. The REINSURER, at its sale cost and expense, shall do all that is necessary to comply with the insurance laws and regulations of all States in order to enable the CEDING COMPANY to take credit for the reinsurance ceded hereunder, including delivery of any reports required thereunder. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 11 Effective September 17 2001 ARTICLE IX. RECAPTURE PRIVILEGES A. The CEDING COMPANY may recapture existing reinsurance in force in accordance with the following rules: B. The CEDING COMPANY will notify the REINSURER of its intent to recapture at least ninety (90) days prior to any recaptures. C. No recapture will be made unless reinsurance has been in force for fifteen (15) years, as measured from the EFFECTIVE DATE, or on some other date if mutually agreed to by both parties. D. The recapture shall apply to all the reinsurance in force under the Agreement. E. Recapture will only be available provided the total carryforward, upon release of treaty reserves, is in a positive position. F. The carryforward for each Agreement is defined as the current period's reinsurance premium, minus all reinsurance claims paid under this Agreement for the current period, minus a [*] basis point annual expense allowance applied against the average aggregate Account Value for the current period, minus the change in treaty reserves from the prior period to the current period, plus the prior period's carryforward. The monthly carryforward amount is accumulated at the ninety-(90) day Federal Government Treasury Bill rate as published in the Wall Street Journal on the first business day of the current period plus [*]. Note: For purposes of calculating the carryforward, treaty reserves are defined as the minimum statutory reserves required of the REINSURER in the CEDING COMPANY's state of domicile. The CEDING COMPANY shall promptly notify the REINSURER of any change in its state of domicile. G. Upon election, recapture shall occur ratably over a [*] month period (i.e., every month the initial quota share percentage reduces [*] times the initial quota share percentage). It is irrevocable once elected. H. The CEDING COMPANY and the REINSURER agree to exchange carryforward calculations each year-end to ensure ongoing agreement on the position of the carryforward. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 12 Effective September 17 2001 ARTICLE X. INSPECTION OF RECORDS A. The REINSURER, or its duly appointed representatives, shall have the right at all reasonable times and for any reasonable purpose to inspect at the office of the CEDING COMPANY all records referring to reinsurance ceded to the REINSURER. B. Relating to the business reinsured hereunder, the CEDING COMPANY or its duly appointed representatives shall have the right at all reasonable times and for any reasonable purpose, to inspect at the office of the REINSURER all records referring to reinsurance ceded from the CEDING COMPANY. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 13 Effective September 17 2001 ARTICLE XI. INSOLVENCY A. A party to this Agreement will be deemed insolvent when it: a. Applies for or consents to the appointment of a receiver, rehabilitator, conservator, liquidator or statutory successor ("Authorized Representative") of its properties or assets; or b. Is adjudicated as bankrupt or insolvent; or c. Files or consents to the filing of a petition in bankruptcy, seeks reorganization or an arrangement with creditors or takes advantage of any bankruptcy, dissolution, liquidation, or similar law or statute; or d. Becomes the subject of an order to rehabilitate or an order to liquidate as defined by the insurance code of the jurisdiction of the party's domicile. B. In the event of the insolvency of the CEDING COMPANY, all reinsurance will be payable on the basis of the liability of the CEDING COMPANY on the policies reinsured directly to the CEDING COMPANY or its Authorized Representative without diminution because of the insolvency of the CEDING COMPANY. C. In the event of insolvency of the CEDING COMPANY, the Authorized Representative will, within a reasonable time after the claim is filed in the insolvency proceeding, give written notice to the REINSURER of all pending claims against the CEDING COMPANY on any policies reinsured. While a claim is pending, the REINSURER may investigate such claim and interpose, at its own expense, in the proceedings where the claim is adjudicated, any defense or defenses which it may deem available to the CEDING COMPANY or its Authorized Representative. The expenses incurred by the REINSURER will be chargeable, subject to court approval, against the CEDING COMPANY as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the CEDING COMPANY solely as a result of the defense undertaken by the REINSURER, Where two or more reinsurers are participating in the same claim and a majority in interest elect to interpose a defense or defenses to any such claim, the expenses will be apportioned in accordance with the terms of the Reinsurance Agreement as though such expense had been incurred by the CEDING COMPANY. D. Any debts or credits, matured or unmatured, liquidated or unliquidated, in favor of or against either the REINSURER or CEDING COMPANY with respect to this Agreement are deemed mutual debts or credits, as the case may be, and will be offset, and only the balance will be allowed or paid. However, in the event of liquidation, the REINSURER may offset against undisputed amounts which are due and payable to the CEDING COMPANY, only those undisputed amounts due the REINSURER which are not more than one hundred and eighty (180) days past due at the date of the court order of liquidation. E. In the event of insolvency of the REINSURER, the provisions of Article IX notwithstanding, the CEDING COMPANY may recapture immediately all ceded benefits upon written notice to the REINSURER, its liquidator, receiver or statutory successor. The CEDING COMPANY shall also have a claim on the REINSURER for any reinsurance credit amounts including reserves, unearned premiums and other amounts due the CEDING COMPANY on such reinsurance, at the date of recapture. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 14 Effective September 17 2001 ARTICLE XII. NEGOTIATION A. Within ten (10) days after one of the parties has given the other the first written notification of a specific dispute, each party will appoint a designated officer to attempt to resolve the dispute. The officers will meet at a mutually agreeable location within thirty (30) days of the last appointment and as often as necessary, in order to gather and furnish the other with all appropriate and relevant information concerning the dispute. The officers will discuss the problem and will negotiate in good faith without the necessity of any formal arbitration proceedings. During the negotiation process, all reasonable requests made by one officer to the other for information will be honored. The designated officers will decide the specific format for such discussions. B. If the officers cannot resolve the dispute within thirty (30) days of their first meeting, the parties will agree to submit the dispute to formal arbitration, as set forth in Article XIII. However, the parties may agree in writing to extend the negotiation period for an additional thirty (30) days. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 15 Effective September 17 2001 ARTICLE XIII. ARBITRATION A. It is the intention of the CEDING COMPANY and the REINSURER that the customs and practices of the insurance and reinsurance industry will be given full effect in the operation and interpretation of this Agreement. The parties agree to act in all things with the highest good faith. If after the negotiation required by Article XII, the REINSURER or the CEDING COMPANY cannot mutually resolve a dispute that arises out of or relates to this Agreement, the dispute will be decided through arbitration. The arbitrators will base their decision on the terms and conditions of this Agreement and, as necessary, on the customs and practices of the insurance and reinsurance industry rather than solely on a strict interpretation of the applicable law. The decision of the arbitrators shall be made within nine (9) months of the filing of the notice of intention to arbitrate, and the arbitrators shall agree to comply with this schedule before accepting appointment. However, this time limit may be extended by agreement of the parties or by the arbitrators if necessary. Once a decision is reached, there will be no appeal of their written decision, and any court having jurisdiction of the subject matter and the parties, may reduce that decision to judgement. Should the arbitrators be unable to reach a decision within nine (9) months of the filing of the notice of intention to arbitrate and should the parties further be unable to agree upon an extension of the time limit, then either party to this Agreement may commence litigation proceedings. B. To initiate arbitration, either the REINSURER or the CEDING COMPANY will notify the other party in writing of its desire to arbitrate, stating the nature of its dispute and the remedy sought. The party to which the notice is sent will respond to the notification in writing within ten (10) days of its receipt. C. There will be three arbitrators who will be current or former officers of life insurance or reinsurance companies other than the contracting companies or affiliates thereof. Each of the contracting companies will appoint one of the arbitrators within thirty (30) days from the date notification is received and these two arbitrators will select the third arbitrator within thirty (30) days from the date of appointment of the last arbitrator. If either party refuses or neglects to appoint an arbitrator within thirty (30) days of the date notification is received, the other party may appoint the second arbitrator. If the two arbitrators do not agree on a third arbitrator within thirty (30) days of the appointment of the last arbitrator, then the appointment of said arbitrator shall be left to the President of the American Arbitration Association. Once chosen, the arbitrators are empowered to decide all substantive and procedural issues by majority vote. D. It is agreed that each of the three arbitrators should be impartial regarding the dispute and should resolve the dispute on the basis described in Section A of this Article. E. The arbitration hearing will be held on the date fixed by the arbitrators in New York City. In no event will this date be later than three (3) months after the appointment of the third arbitrator. As soon as possible, the arbitrators will establish pre-arbitration procedures as warranted by the facts and issues of the particular case. At least ten (10) days prior to the arbitration hearing, each party will provide the other party and the arbitrators with a detailed statement of the facts and arguments they will present at the arbitration hearing. The arbitrators may consider any relevant evidence; they will give the evidence such weight as they deem it entitled to after consideration of any Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 16 Effective September 17 2001 ARTICLE XIII, ARBITRATION (Continued) objections raised concerning it. Each party may examine any witnesses who testify at the arbitration hearing. F. The cost of arbitration will be divided between the parties, unless the arbitrators decide otherwise. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 17 Effective September 17 2001 ARTICLE XIV. RIGHT TO OFFSET BALANCES DUE The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement or under any other Agreements or Contracts previously or subsequently entered into between the CEDING COMPANY and the REINSURER. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 18 Effective September 17 2001 ARTICLE XV. CONTRACT AND PROGRAM CHANGES A. The CEDING COMPANY may amend, substitute, add or delete variable investment funds to the investment options supporting the annuity contract as described in the contract general provisions. No such change shall be made by the CEDING COMPANY without PRIOR notification to the REINSURER and without changes being declared effective by the Securities and Exchange Commission (SEC), if necessary. The REINSURER will approve or disapprove of the fund change within fifteen (15) working days of the date on which they receive notification. The CEDING COMPANY agrees to maintain at all times a satisfactory selection of core investment options with overall risk profile characteristics similar to those listed in Schedule B at inception of the Agreement. As long as this is the case, the REINSURER will approve such fund changes within fifteen (15) working days of receiving such notification. Should any such change result in a material change in the underlying risk, the REINSURER shall have the right to modify, for that product line only, any of the terms of this Agreement in order to restore, to the extent possible, the risk profile of the business reinsured hereunder to its original position when priced by the REINSURER. The REINSURER shall within fifteen (15) working days of the date on which notification was received, provide the CEDING COMPANY with notice of its intent to revise the terms of this Agreement. The CEDING COMPANY shall have the right to approve or disapprove of the changes proposed by the REINSURER. If both parties are not able to reach a mutually satisfactory agreement on revised terms, then notwithstanding Article IX, the CEDING COMPANY shall have the right of immediate termination of this Agreement for new and inforce business affected by the change. The CEDING COMPANY shall provide the REINSURER with written notification of its intent to terminate. The date of termination shall be the date that the revised terms would have become effective. B. The CEDING COMPANY shall also give the REINSURER ADVANCE notice of any other changes to any contract forms reinsured hereunder, such as the annuity product design and/or death benefit design, the fees and charges, or the addition of any riders. The REINSURER shall, within fifteen (15) working days of the date on which notification was received, provide the CEDING COMPANY with notice of its approval of such change or its intent to revise the terms of this Agreement. Should any such change affect new business to be reinsured under this Agreement and result in a material change in the underlying risk, the REINSURER shall have the right to modify, for that new business only, any of the terms of this Agreement in order to restore, to the extent possible, the risk profile of the business reinsured hereunder to its original position when priced by the REINSURER. The REINSURER shall, within fifteen (15) working days of the date on which notification was received, provide the CEDING COMPANY with notice of its intent to revise the terms of this Agreement. The CEDING COMPANY shall have the right to approve or disapprove of the changes proposed by the REINSURER. If both parties are not able to reach a mutually satisfactory agreement on revised terms, then the CEDING COMPANY shall have the right of immediate termination of this Agreement for new business only. The CEDING COMPANY shall Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 19 Effective September 17 2001 ARTICLE XV, CONTRACT AND PROGRAM CHANGES (Continued) provide the REINSURER with written notification of its intent to terminate. The date of termination shall be the date that the revised terms would have become effective. Should any such change affect inforce contracts reinsured under this Agreement and result in a material change in the underlying risk, the REINSURER shall have the right to modify, for that product line only, any of the terms of this Agreement in order to restore, to the extent possible, the risk profile of the business reinsured hereunder to its original position when priced by the REINSURER. The REINSURER shall, within fifteen (15) working days of the date on which notification was received, provide the CEDING COMPANY with notice of its intent to revise the terms of this Agreement. The CEDING COMPANY shall have the right to approve or disapprove of the changes proposed by the REINSURER. If both parties are not able to reach a mutually satisfactory agreement on revised terms, then notwithstanding Article IX, the CEDING COMPANY shall have the right of immediate termination of this Agreement for inforce business affected by said change only. The CEDING COMPANY shall provide the REINSURER with written notification of its intent to terminate. The date of termination shall be the date that the revised terms would have become effective. C. The above paragraphs notwithstanding, neither party, acting unreasonably, will withhold agreement to revised terms for the sole purpose of terminating this Agreement. D. The CEDING COMPANY agrees to provide the REINSURER with all contractholder communications produced by the CEDING COMPANY as though the REINSURER were a contractholder in the CEDING COMPANY's state of domicile. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 20 Effective September 17 2001 ARTICLE XVI. CONFIDENTIALITY A. This Agreement incorporates the confidentiality agreement previously agreed to between the parties on March 27, 2002 (the "Confidentiality Agreement"), a copy of which is attached hereto as Exhibit IV. All matters with respect to this Agreement require the utmost good faith of both parties. Both the CEDING COMPANY and the REINSURER shall, in accordance with the terms of the Confidentiality Agreement hold confidential and not disclose or make competitive use of any shared Confidential Information of the other party (as such term is defined in the Confidentiality Agreement), unless otherwise agreed to in writing, or unless the information otherwise becomes publicly available by means other than by either party or their agents, or unless the disclose is required for retrocession purposes, has been mandated by law, or is duly required by external auditors. B. The REINSURER will treat all personal policyholder information received from the CEDING COMPANY as confidential information and will use good faith efforts to keep such information private and secure, in accordance with the CEDING COMPANY's commitment to its policyholders and in accordance with federal and state privacy laws. The CEDING COMPANY recognizes that the REINSURER may need to share certain information with auditors, regulators and retrocessionaires in the normal course of conducting business. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 21 Effective September 17 2001 ARTICLE XVII. OTHER PROVISIONS A. Notifications. Any notice or communication given pursuant to this Reinsurance Agreement must be in writing and either 1) delivered personally, 2) sent by facsimile or other similar transmission to a number specified in writing by the recipient, 3) delivered by overnight express, or 4) sent by Registered or Certified Mail, Postage Prepaid, Return Receipt Requested, as follows: If to CEDING COMPANY: The Manufacturers Life Insurance Company of New York 500 Boylston Street, Suite 400 Boston, MA 02116-3739 Attn: Chief Financial Officer If to REINSURER: AXA Corporate Solutions Life Reinsurance Company 17 State Street, 32nd Floor New York, New York 10004 Attn: Life Reinsurance Treaty Officer All notices and other communications required or permitted under this Reinsurance Agreement that are addressed as provided in this Section will 1) if delivered personally or by overnight express, be deemed given upon delivery; 2) if delivered by facsimile transmission or other similar transmission, be deemed given when electronically confirmed, and 3) if sent by Registered or Certified mail, be deemed given when marked Postage Prepaid by the sender's terminal. Any party from time-to-time may change its address, but no such notice of change will be deemed to have been given until it is actually received by the party sought to be charged with the contents thereof. B. Assignment. This Agreement shall be binding to the parties and their respective successors and permitted assignees. This Agreement may not be assigned by either party without the written consent of the other. Such consent shall not be unreasonably withheld. C. Severability. If any provision of this Agreement is determined to be invalid or unenforceable, such determination will not affect or impair the validity or the enforceability of the remaining provisions of this Agreement. If said provision is deemed material to other provisions contained within the agreement, both parties will negotiate in good faith to restore the agreement to a similar position prior to said provision being determined to be invalid or unenforceable. D. Currency. All financial transactions under this Agreement shall be made in U.S. dollars. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 22 Effective September 17 2001 ARTICLE XVIII. ENTIRE AGREEMENT This Agreement shall constitute the entire Agreement between the parties with respect to business reinsured hereunder. There is no understanding between the parties other than as expressed in this Agreement and any change or modification to this Agreement shall be null and void unless made by Amendment or Addendum to the Agreement and signed by both parties. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 23 Effective September 17 2001 ARTICLE XIX. DAC TAX TREASURY REGULATION SECTION 1.848-2(g)98) ELECTION The CEDING COMPANY and the REINSURER hereby agree to the following pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations issued December 29, 1992. under Section 848 of the Internal Revenue Code 1986, as amended. This election shall be effective for the year this Agreement becomes effective and all subsequent taxable years for which this Agreement remains in effect. A. The term "party" will refer to either the CEDING COMPANY or the REINSURER as appropriate. B. The terms used in this Article are defined by reference to Treasury Regulations Section 1.848-2 in effect as of December 29, 1992. C. The party with the net positive consideration for this Agreement for each taxable year will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deduction limitation of IRC Section 848(c)(1). D. Both parties agree to exchange information pertaining to the amount of net consideration under this Agreement each year to ensure consistency. The parties also agree to exchange information, which may be otherwise required by the IRS. E. The CEDING COMPANY will submit to the REINSURER by April 1st of each year, a schedule of its calculation of the net consideration for the preceding calendar year. This schedule will be accompanied by a statement signed by an officer of the CEDING COMPANY stating that the CEDING COMPANY will report such net consideration in its tax return for the preceding calendar year. F. The REINSURER may contest such calculation by providing an alternate calculation to the CEDING COMPANY in writing within thirty (30) days of the REINSURER's receipt of the CEDING COMPANY's calculation. If the REINSURER does not notify the CEDING COMPANY, the REINSURER will report the net consideration as determined by the CEDING COMPANY in the REINSURER's tax return for the previous calendar year. G. If the REINSURER contests the CEDING COMPANY's calculation of the net consideration, the parties will act in good faith to reach an agreement as to the correct amount within thirty (30) days of the date the REINSURER submits its alternate calculation. If the REINSURER and CEDING COMPANY reach agreement on an amount of net consideration, each party shall report such amount in their respective tax returns for the previous calendar year. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 24 Effective September 17 2001 ARTICLE XX. DURATION OF AGREEMENT A. This Agreement shall be open for new business a minimum of two (2) years as measured from the EFFECTIVE DATE, subject to a limit of [*] of total new considerations to the CEDING COMPANY on the product(s) reinsured hereunder, divided by the REINSURER's Quota Share Percentage. Anytime on or after the second anniversary of this Agreement, or anytime on or after attainment of the limit on total new considerations described in this Paragraph, and upon ninety (90) days written notice, either the CEDING COMPANY or the REINSURER may cancel this Agreement for new business unilaterally or amend the terms of reinsurance for new business by mutual agreement. Additional purchase payments made after the close of this Agreement are covered hereunder for contracts issued during the period this Agreement was open for new business. B. This Agreement shall be unlimited as to its duration but may be reduced or terminated for new business as provided in this Article, above. C. The REINSURER provides the reinsurance coverage hereunder with the understanding that the CEDING COMPANY will not provide its distributors (e.g., wholesalers, producers, etc.) compensation that is different from that which is stated below. In the event that this proves to be otherwise, the REINSURER shall have the right to amend terms of this Agreement to return it to its original risk profile. Should this not be possible, the REINSURER may immediately terminate this Agreement for new and inforce business. Income Program Annuitization Commission Schedule: None Normal Annuitization Commission Schedule: None D. Commutation of term certain annuity payments or any other liquidity feature is unavailable to those individuals who annuitize under the Income Program. In the event that this proves to be otherwise, the REINSURER shall have the right to amend terms of this Agreement to return it to its original risk profile. Should this not be possible, the REINSURER may immediately terminate this reinsurance arrangement for new and inforce business. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 25 Effective September 17 2001 ARTICLE XXI. EXECUTION OF AGREEMENT This Agreement may be executed by the parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts together shall constitute one and the same instrument. Each counterpart may consist of a number of copies hereof signed by less than both, but together signed by both of the parties hereto. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate by their duly authorized representatives as of the EFFECTIVE DATE. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ James Gallagher Date: 5/8/02 --------------------------------- James Gallagher, President Attest: /s/ David W Libbey ----------------------------- David Libbey, Vice President & CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael W. Pado Date: 24 April 2002 --------------------------------- Michael W. Pado, President By: /s/ Dina Greenbaum --------------------------------- Dina Greenbaum, Assistant Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Page 26 Effective September 17 2001 SCHEDULE A PLANS OF REINSURANCE A. REINSURER's Quota Share Percentage: [*] B. Issue Dates: New Policies issued on or after September 17, 2001. Contractholders may, at their sole discretion, elect, revoke or make changes to their contract within sixty (60) days (hereinafter known as the 60-day window) of the contract issue date. The election or termination of any optional rider within the 60-day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 60-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period. C. GMIB (Contractual Income Program Benefit) Reinsured: Income Benefit Base (IBB) - For Issue Ages 0-80: Annual Ratchet to attained age 81; frozen thereafter. Note: The IBB is reduced proportionately for withdrawals. An annuitant change is allowed as long as the new annuitant is the same age or younger than the original annuitant. Waiting Period Contractholders can elect to annuitize under the Income Program thirty (30) days following their tenth (1Oth) or later contract anniversary and also under one of the life annuity forms stated in Article IV. D. Product Features: Annuitization Annuitization under the Income Program means that the annuitant is receiving guaranteed fixed income payments based on the IBB and the MAPR under one of the life annuity forms shown within the MAPR calculation set forth in Article IV. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 SCHEDULE A PLANS OF REINSURANCE (Continued) Income Program Rider Election The contractholder can only elect the Income Program Rider at issue. Once election is made, it is irrevocable (except within the contractual free look provisions of the contract). Income Program Rider Cancellation The contractholder of the annuity can not cancel the Income Program rider at any time (except within the contractual free look provisions of the contract). Step-Up or Reset of IBB Not Available. E. Spousal Continuances A Spousal Continuance occurs if the deceased owner's spouse is the beneficiary. The surviving spouse continues the contract, including any optional benefits such as GRIP, as the new owner. In such a case, the GRIP Income Benefit Base continues the same as it would for a change of annuitant, except the requirement that the annuitant be younger is waived for the spouse. Providing that the CEDING COMPANY can individually identify Spousal Continuances, as shown in Schedule C, the REINSURER will cover Spousal Continuances under this Agreement and will treat them as new issues to the extent that, at the time of continuance, this Agreement is open for new business as defined in Article XX, Paragraph A. F. Related Contracts: Venture VA policy forms specified below that elect the GRIP rider specified below. Policy Forms Venture.002.99 Venture.002.99-IRA BR002.00-NY Grip Rider Form BR003.00-NY BR003.00G-NY Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS AIM All Cap Growth Trust Aggressive Growth Trust CGTC Diversified Bond Trust Income & Value Trust US Large Cap Value Trust Small Company Blend Trust Cohen & Steers Real Estate Securities Davis Selected Financial Services Fundamental Value Dreyfus All Cap Value Trust Fidelity Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Founders International Small Cap Trust Franklin Emerging Small Company Trust Investco Telecommunications Trust Mid Cap Growth Trust Janus Dynamic Growth Trust Jennison Capital Appreciation Trust Lord Abbett Mid Cap Value Trust Manufacturers Advisor Corporation Pacific Rim Emerging Markets Trust Money Market Trust Quantitative Equity Trust Balanced Trust Quantitative Mid Cap Trust Lifestyle Conservative 280 Trust Lifestyle Moderate 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust Total Stock Market Index Trust 500 Index Trust Mid Cap Index Trust Small Cap Index Trust Merrill Lynch ML Basic Value Focus Trust ML Special Value Focus Trust ML Developing Capital Markets Trust MFS Strategic Growth Trust Capital Opportunities Trust Utilities Trust Miller Ander. Sher. Value Trust High Yield Trust Brinson Tactical Allocation Trust Munder Internet Technologies PIMCO Global Bond Trust Total Return Trust Putnam Global Equity Mid Cap Opportunities Rowe Price -- Flem. International Stock Trust Salomon US Government Securities Trust Strategic Bond Trust SsgA Growth Trust SsgA Growth Trust T. Rowe Price Equity Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton International Value Trust Wellington Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust FIXED FUNDS One Year DCA Twelve Month DCA Six Month Note: This Schedule B reflects fund offerings as of May 1, 2001, as approved by the REINSURER. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 SCHEDULE C REQUIRED DATA AND SUGGESTED DATA LAYOUT (Page 1 of 3) Field Description Comments ------------------------------------------ ---------------------------------------------- Annuitant's ID: Last Name First Name Middle Name Sex M or F Date of Birth YYYYMMDD Social Security No. / Social Insurance No. Joint Annuitant's ID: Last Name If Applicable First Name Middle Name Sex M or F Date of Birth YYYYMMDD Social Security No. / Social Insurance No. Owner's ID: Last Name First Name Middle Name Sex M or F Date of Birth YYYYMMDD Social Security No. / Social Insurance No. Joint Owner's ID: Last Name If Applicable First Name Middle Name Sex M or F Date of Birth YYYYMMDD Social Security No. / Social Insurance No. Policy Number Policy Issue Date YYYYMMDD Policy Issue Status NI = True New Issue, SC = Spousal Continuance, EX = 1035 Exchange Tax Status Qualified (Q), or Non-qualified (N)
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 SCHEDULE C REQUIRED DATA AND SUGGESTED DATA LAYOUT (Page 2 of 3)
FIELD DESCRIPTION COMMENTS --------------------------------------------------------- -------------------------------------------------------------------- GMDB/EEB SECTION (If applicable) Mortality Risk Definition Indicator AV = VNAR; CV = VNAR + SCNAR Death Claim Trigger A = Annuitant, O = Owner, 1 = 1st to die, 2 = 2nd to die (e.g., A2 = payable upon death of second of joint annuitants) Current Ratchet Value If Applicable Current Reset Value If Applicable Current Rollup Value If Applicable Current Return of Premium Value If Applicable Minimum Guaranteed Death Benefit Contract Death Benefit Greater of Account Value and Minimum Guaranteed Death Benefit Effective Date of the Rider Account Value as of the Effective Date of the Rider Mortality Risk VNAR Max [Contractual Death Benefit - Account Value). 0] SCNAR Surrender Charge, if applicable EEMNAR T% (AV less Net Purchase Payments), if applicable Earnings AV less Net Purchase Payments Earnings Cap If Applicable Tax Percentage If Applicable GEM Rider Y = benefit elected, N = benefit not elected, NA = not applicable GMIB SECTION (If applicable) GMIB Indicator Y = benefit elected, N = benefit not elected, NA = not applicable Income Benefit Elected 01 = option 1,02 = option 2, etc. Expiration of Waiting Period YYYYMMDD GMIB Annuitization Date YYYYMMDD - actual date Most Recent GMIB Step-up / Reset Date YYYYMMDD, if applicable Cancellation Date YYYYMMDD, if applicable Pricing Cohort Indicator IBB Amount GMIB IBNAR Amount Calculated using an individual life annuity form with 10 years certain Treasury Rate Used in IBNAR calculation GMAB SECTION (If applicable) GMAB Indicator Y = benefit elected, N = benefit not elected, NA = not applicable Accumulation Benefit Elected 01 = option 1,02 = option 2, etc. Maturity Date YYYYMMDD Most Recent GMAB Step-up / Rollover Date YYYYMMDD, if applicable Cancellation Date YYYYMMDD, if applicable Pricing Cohort Indicator GMAB Guaranteed Value Current Value GMAB NAR Max [(GMAB Guaranteed Value - Account Value), 0] Account Value Current total value Surrender Charge If reinsured Cumulative Deposits Total premiums Cumulative Withdrawals Total withdrawals Net Purchase Payments Total premiums less total withdrawals (proportional adjustment) Deposits made in quarter of death dollar value Quota Share reinsured percentage
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 SCHEDULE C REQUIRED DATA AND SUGGESTED DATA LAYOUT (Page 3 of 3)
FIELD DESCRIPTION COMMENTS --------------------------------------------------------- -------------------------------------------------------------------- Funding Vehicle Values: "MorningStar" designations (US) Aggressive Growth Balanced Corporate Bond Government Bond Growth Growth and Income High Yield Bond International Bond International Stock Money Market Specialty Fund Fixed Account Dollar Cost Averaging Note: total of funding vehicles should equal account value. Termination Information: Termination Dete YYYYMMDD, If applicable Reason for Termination Death (D), Annuitization (A), 1035 Exchange (X), GMIB Election (I), Other (O). Cause of Death If applicable. Use your Cause of Death code, and provide translation Summary Information: For reconciliation purposes (may be paper summary) Total number of records Monthly aggregate information by GMIB Design, GMAB Design, and Pricing Cohort (if applicable) Total of each dollar field Monthly aggregate information by GMIB Design, GMAB Design, and Pricing Cohort (if applicable) Note: All values to nearest dollar
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT I MORTALITY TABLE 1983 BASIC PER THOUSAND RATES (APPLY AT ATTAINED AGE)
Age Male - qx's Female - qx's --- ----------- ------------- 5 [*] [*] 6 [*] [*] 7 [*] [*] 8 [*] [*] 9 [*] [*] 10 [*] [*] 11 [*] [*] 12 [*] [*] 13 [*] [*] 14 [*] [*] 15 [*] [*] 16 [*] [*] 17 [*] [*] 18 [*] [*] 19 [*] [*] 20 [*] [*] 21 [*] [*] 22 [*] [*] 23 [*] [*] 24 [*] [*] 25 [*] [*] 26 [*] [*] 27 [*] [*] 28 [*] [*] 29 [*] [*] 30 [*] [*] 31 [*] [*] 32 [*] [*] 33 [*] [*] 34 [*] [*] 35 [*] [*] 36 [*] [*] 37 [*] [*] 38 [*] [*] 39 [*] [*] 40 [*] [*] 41 [*] [*] 42 [*] [*] 43 [*] [*] 44 [*] [*] 45 [*] [*] 46 [*] [*] 47 [*] [*] 48 [*] [*] 49 [*] [*] 50 [*] [*]
Age Male - qx's Female - qx's --- ----------- ------------- 51 [*] [*] 52 [*] [*] 53 [*] [*] 54 [*] [*] 55 [*] [*] 56 [*] [*] 57 [*] [*] 58 [*] [*] 59 [*] [*] 60 [*] [*] 61 [*] [*] 62 [*] [*] 63 [*] [*] 64 [*] [*] 65 [*] [*] 66 [*] [*] 67 [*] [*] 68 [*] [*] 69 [*] [*] 70 [*] [*] 71 [*] [*] 72 [*] [*] 73 [*] [*] 74 [*] [*] 75 [*] [*] 76 [*] [*] 77 [*] [*] 78 [*] [*] 79 [*] [*] 80 [*] [*] 81 [*] [*] 82 [*] [*] 83 [*] [*] 84 [*] [*] 85 [*] [*] 86 [*] [*] 87 [*] [*] 88 [*] [*] 89 [*] [*] 90 [*] [*] 91 [*] [*] 92 [*] [*] 93 [*] [*] 94 [*] [*] 95 [*] [*] 96 [*] [*]
Age Male - qx's Female - qx's --- ----------- ------------- 97 [*] [*] 98 [*] [*] 99 [*] [*] 100 [*] [*] 101 [*] [*] 102 [*] [*] 103 [*] [*] 104 [*] [*] 105 [*] [*] 106 [*] [*] 107 [*] [*] 108 [*] [*] 109 [*] [*] 110 [*] [*] 111 [*] [*] 112 [*] [*] 113 [*] [*] 114 [*] [*] 115 [*] [*]
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT I MORTALITY TABLES (continued) 1983 VALUATION PER THOUSAND RATES (APPLY AT ATTAINED AGE)
Age Male - qx's Female - qx's --- ----------- ------------- 5 [*] [*] 6 [*] [*] 7 [*] [*] 8 [*] [*] 9 [*] [*] 10 [*] [*] 11 [*] [*] 12 [*] [*] 13 [*] [*] 14 [*] [*] 15 [*] [*] 16 [*] [*] 17 [*] [*] 18 [*] [*] 19 [*] [*] 20 [*] [*] 21 [*] [*] 22 [*] [*] 23 [*] [*] 24 [*] [*] 25 [*] [*] 26 [*] [*] 27 [*] [*] 28 [*] [*] 29 [*] [*] 30 [*] [*] 31 [*] [*] 32 [*] [*] 33 [*] [*] 34 [*] [*] 35 [*] [*] 36 [*] [*] 37 [*] [*] 38 [*] [*] 39 [*] [*] 40 [*] [*] 41 [*] [*] 42 [*] [*] 43 [*] [*] 44 [*] [*] 45 [*] [*] 46 [*] [*] 47 [*] [*] 48 [*] [*] 49 [*] [*] 50 [*] [*]
Age Male - qx's Female - qx's --- ----------- ------------- 51 [*] [*] 52 [*] [*] 53 [*] [*] 54 [*] [*] 55 [*] [*] 56 [*] [*] 57 [*] [*] 58 [*] [*] 59 [*] [*] 60 [*] [*] 61 [*] [*] 62 [*] [*] 63 [*] [*] 64 [*] [*] 65 [*] [*] 66 [*] [*] 67 [*] [*] 68 [*] [*] 69 [*] [*] 70 [*] [*] 71 [*] [*] 72 [*] [*] 73 [*] [*] 74 [*] [*] 75 [*] [*] 76 [*] [*] 77 [*] [*] 78 [*] [*] 79 [*] [*] 80 [*] [*] 81 [*] [*] 82 [*] [*] 83 [*] [*] 84 [*] [*] 85 [*] [*] 86 [*] [*] 87 [*] [*] 88 [*] [*] 89 [*] [*] 90 [*] [*] 91 [*] [*] 92 [*] [*] 93 [*] [*] 94 [*] [*] 95 [*] [*] 96 [*] [*]
Age Male - qx's Female - qx's --- ----------- ------------- 97 [*] [*] 98 [*] [*] 99 [*] [*] 100 [*] [*] 101 [*] [*] 102 [*] [*] 103 [*] [*] 104 [*] [*] 105 [*] [*] 106 [*] [*] 107 [*] [*] 108 [*] [*] 109 [*] [*] 110 [*] [*] 111 [*] [*] 112 [*] [*] 113 [*] [*] 114 [*] [*] 115 [*] [*]
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT I (continued) PROJECTION SCALE G
Age Male Female --- ---- ------ 5 [*] [*] 6 [*] [*] 7 [*] [*] 8 [*] [*] 9 [*] [*] 10 [*] [*] 11 [*] [*] 12 [*] [*] 13 [*] [*] 14 [*] [*] 15 [*] [*] 16 [*] [*] 17 [*] [*] 18 [*] [*] 19 [*] [*] 20 [*] [*] 21 [*] [*] 22 [*] [*] 23 [*] [*] 24 [*] [*] 25 [*] [*] 26 [*] [*] 27 [*] [*] 28 [*] [*] 29 [*] [*] 30 [*] [*] 31 [*] [*] 32 [*] [*] 33 [*] [*] 34 [*] [*] 35 [*] [*] 36 [*] [*] 37 [*] [*] 38 [*] [*] 39 [*] [*] 40 [*] [*] 41 [*] [*] 42 [*] [*] 43 [*] [*] 44 [*] [*] 45 [*] [*] 46 [*] [*] 47 [*] [*] 48 [*] [*] 49 [*] [*] 50 [*] [*] 51 [*] [*] 52 [*] [*]
Age Male Female --- ---- ------ 53 [*] [*] 54 [*] [*] 55 [*] [*] 56 [*] [*] 57 [*] [*] 58 [*] [*] 59 [*] [*] 60 [*] [*] 61 [*] [*] 62 [*] [*] 63 [*] [*] 64 [*] [*] 65 [*] [*] 66 [*] [*] 67 [*] [*] 68 [*] [*] 69 [*] [*] 70 [*] [*] 71 [*] [*] 72 [*] [*] 73 [*] [*] 74 [*] [*] 75 [*] [*] 76 [*] [*] 77 [*] [*] 78 [*] [*] 79 [*] [*] 80 [*] [*] 81 [*] [*] 82 [*] [*] 83 [*] [*] 84 [*] [*] 85 [*] [*] 86 [*] [*] 87 [*] [*] 88 [*] [*] 89 [*] [*] 90 [*] [*] 91 [*] [*] 92 [*] [*] 93 [*] [*] 94 [*] [*] 95 [*] [*] 96 [*] [*] 97 [*] [*] 98 [*] [*] 99 [*] [*] 100 [*] [*]
Age Male Female --- ---- ------ 101 [*] [*] 102 [*] [*] 103 [*] [*] 104 [*] [*] 105 [*] [*] 106 [*] [*] 107 [*] [*] 108 [*] [*] 109 [*] [*] 110 [*] [*] 111 [*] [*] 112 [*] [*] 113 [*] [*] 114 [*] [*] 115 [*] [*]
Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT II BENEFIT LIMITATION RULE TRAPEZOIDAL RULE Average Aggregate IBB Value inforce in calendar year Z equals: IBB(Jan(B)) ----------- + 24 IBB(Feb(B)) + IBB(Mar(B)) + IBB(Apr(B)) + IBB(May(B)) ----------------------------------------------------- + 12 IBB(Jun(B)) + IBB(Jul(B)) + IBB(Aug(B)) + IBB(Sep(B)) ----------------------------------------------------- + 12 IBB(Oct(B)) + IBB(Nov(B)) + IBB(Dec(B)) --------------------------------------- + 12 IBB(Dec(E)) ----------- 24 where IBB(Month(B)) is equal to the beginning of month aggregate IBB value of the Related Contracts listed in Schedule A and IBB(Month(E)) is equal to the end of month aggregate IBB value of the Related Contracts listed in Schedule A that are eligible to annuitize under the Income Program. Contracts eligible to annuitize under the Income Program are those contracts whose waiting period expired prior to calendar year Z and those contracts whose waiting period will expire during calendar year Z. For partial calendar years IBB(Month(B)) for months prior to the EFFECTIVE DATE of this Reinsurance Agreement or for months subsequent to the termination of all business hereunder, should be set equal to zero. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT III ANNUITIZATION RATE AND EXPOSURE DETERMINATION DEFINED VARIABLES W(z) total IBB value for each reinsured contract, as of the contract's anniversary in calendar year Z, which is eligible to annuitize under the Income Program (i,e., past their waiting period) by November 30th of year Z. N(z) total IBB value for each reinsured contract, as of the contract's anniversary in calendar year Z, which is eligible to annuitize under the Income Program during the month of December in year Z (i.e. not part of W(z). T(Wz) total IBB value, from cohort W(z), terminating within 30-days after the contract's anniversary in year Z; total IBB value is measured as of the date of termination T(Nz) total IBB value, from cohort N(z), terminating within 30-days after the contract's anniversary in year Z; total IBB value is measured as of the date of termination Terminations are defined as follows: - Death of owner or annuitant resulting in payment of death benefit - Surrender of Contract and partial withdrawals - Annuitizations which are not under the Income Program - Attainment of maximum annuitization age or attained age 95, if earlier A(z)(W(z)) total IBB value, as of the contract's anniversary in calendar year Z, from cohort W(z) which annuitized under the Income Program rider during year Z A(z)(N(z)) total IBB value, as of the contract's anniversary in calendar year Z, from cohort N(z) which annuitized under the Income Program rider during year Z 1 1 1 Exposure(z) = W(z) - -- T(W(z)) + -- (N(z) + N(z - 1)) - -- (T(N(z)) + T(N(z - 1)) 2 2 4
A(z)(W(z)) + A(z)(N(z)) + A(z)(N(z - 1)) Annuitization _ Rate(z) = ---------------------------------------- Exposure(z) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 EXHIBIT IV CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 (AXA CORPORATE SOLUTIONS LOGO) CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT This Confidentiality and Non-Disclosure Agreement ("Agreement") is made as of 27 March, 2002 by and between AXA Corporate Solutions Life Reinsurance Company ("AXA Corporate Solutions"), a life insurance company organized and existing under the laws of the State of Delaware, and The Manufacturers Life Insurance Company of New York ("Company"), a corporation organized and existing under the laws of the State of New York. WHEREAS, the parties hereto intend to disclose, both orally and in writing, certain confidential and proprietary information ("Confidential Information") to each other, and to the designated Affiliates and representatives of each other (including any consultants, third party contractors, actuaries, economists, retrocessionaires and other risk managers or their employers), in furtherance of evaluating the possibility of entering into a reinsurance program between AXA Corporate Solutions and the Company covering various guaranteed benefits within new and/or inforce variable annuity and/or variable life contracts that incorporate Company Confidential Information; and WHEREAS, the parties wish to protect certain Confidential Information which may be disclosed between them, particularly regarding AXA Corporate Solutions' program for reinsuring variable annuity contracts. NOW THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto acknowledge and agree that the Confidential Information disclosed hereunder is confidential, proprietary and trade secret to the disclosing party and is disclosed to the receiving party on a confidential basis under this Agreement, to be used only as expressly permitted by the terms and conditions of this Agreement. Title to the Confidential Information will remain at all times in the disclosing party and no transfer of any interest is either expressly granted or implied. CONFIDENTIAL INFORMATION As used in this Agreement, the term "Confidential Information" includes but is not limited to the following items, whether existing now or created in the future: (a) all knowledge or information concerning the business, operations and assets of the parties hereto and their respective Subsidiaries and Affiliates which is not readily available to the public, such as: internal operating procedures; investment strategies; sales data and customer lists; financial plans, projections and reports; and insurance and investment company programs, plans and products; (b) all property owned, licensed and/or developed by or for the parties, their Subsidiaries or Affiliates or their respective clients and not readily available to the public, such as computer systems, programs, software and devices, plus information about the design, methodology and documentation thereof (c) information, materials, products or any other tangible or intangible assets in the possession or the control of the parties or their Subsidiaries or Affiliates which is proprietary to, or confidential to or about, any other person or entity; (d) proprietary or confidential information obtained from persons or entities conducting business with the parties or their Subsidiaries or Affiliates in any capacity; and Page 1 of 5 (AXA CORPORATE SOLUTIONS LOGO) (e) records and repositories of all of the foregoing, in whatever form maintained. This shall not limit the generality of the foregoing: (a) Confidential Information of AXA Corporate Solutions shall include, without limitation, all information with respect to AXA Corporate Solutions' program for reinsuring variable annuities and/or variable life insurance, any actuarial, pricing and financial information provided by AXA Corporate Solutions or its Affiliated companies to the Company, and all information conveyed orally or by any other means by AXA Corporate Solutions or its Affiliated companies to the Company, with respect to reinsurance of variable annuities and/or variable life insurance; and (b) Confidential Information of the Company shall include, without limitation, all information with respect to its variable annuity and/or variable life contract, any actuarial, pricing and financial information provided by the Company or its Affiliated companies to AXA Corporate Solutions, the Company annuity pricing model, and all information conveyed orally or by any other means by the Company or its Affiliated companies to AXA Corporate Solutions, with respect to Company variable annuity and/or variable life insurance programs. Failure to mark any material or information "Confidential" shall not affect the confidential nature thereof. The restrictions against disclosing and disseminating the Confidential Information shall not apply to: i. general skills and experience gained by employees of either party, their Subsidiaries or their Affiliates; or ii. information known by the receiving party prior to disclosure under this Agreement; or iii. information disclosed to the receiving party by a third party who was not under an obligation of confidentiality to the disclosing party; or iv. information which is publicly available or generally known within the insurance or data processing industries; or v. information, which is independently developed by the receiving party prior to, concurrent with or subsequent to the disclosing party's disclosure without any wrongful act or breach of this Agreement by the receiving party; or vi. information which becomes available to one party, its Subsidiaries, its Affiliates or its representatives on a non-confidential basis from sources other than the other party or its Subsidiaries, Affiliates or representatives, provided that the recipient of such information does not know or have reason to know that such sources are prohibited by contractual, legal or fiduciary obligation from transmitting the information. The foregoing notwithstanding, nothing in this Agreement shall be construed to prohibit the disclosure of Confidential Information in accordance with the terms of a court order. In the event one of the parties, or their representatives becomes legally compelled to disclose the Confidential Information of the other, the party being compelled shall refrain from providing such Confidential Information for seven days (or such shorter period as permitted by court order), and shall provide prompt and reasonable notice to the other party, so that the other party may seek a protective order, an appeal, or other appropriate remedy. If any party having been advised in writing of the requirement to disclose Confidential Information, fails within five days of receiving such notice to obtain a restraining order preventing such disclosure, they will be assumed to have waived their rights to prevent such disclosure under this Agreement. The disclosing party may rely on opinion of counsel as to whether information is or is not subject to disclosure under the court order. Page 2 of 5 (AXA CORPORATE SOLUTIONS LOGO) BREACH The parties hereto recognize that the unauthorized disclosure, duplication, reproduction or use of the Confidential Information would cause irreparable harm to the disclosing party and that monetary damages will be inadequate to compensate the disclosing party for such breach. For that reason, the parties hereto shall be entitled to seek, in any court of competent jurisdiction, injunctive relief including a preliminary injunction and an order of seizure and impoundment under Section 503 of the Copyright Act and the receiving party will not object to the entry of an injunction or other equitable relief against it on the basis of an adequate remedy at law or other reason. Such relief shall be cumulative and in addition to whatever other remedies the disclosing party may have. MISCELLANEOUS (a) No waiver of any provision of this Agreement shall be effective unless contained in writing executed by the party against whom enforcement thereof is sought. A waiver of any specific term hereof shall not be deemed to constitute a waiver of any other term hereof, nor shall a waiver on any one or more occasions be deemed to imply or constitute a waiver of the same or any other term on any other occasion. (b) If any part of this Agreement shall be held to be void or unenforceable, such part shall be treated as severable, leaving valid the remainder of the Agreement. (c) Anything in this Agreement to the contrary notwithstanding, nothing herein shall be construed as a commitment by either party to enter into a Reinsurance Agreement or to engage in anything beyond having initial discussions and exchanging information which may lead to a formal request for a reinsurance proposal and subsequent preparation thereof. (d) Each of the parties shall cause its respective Subsidiaries and Affiliates to abide by the terms of this Agreement, and in the event of a violation of this Agreement by their respective Subsidiaries or Affiliates, shall be liable hereunder to the same extent as if they, themselves, had committed such violation. (e) For purposes of this Agreement: (i) "Affiliate" shall mean a person that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with another person or beneficially owns or has the power to vote or direct the vote of twenty-five percent (25%) or more of any class of voting stock (or of any form of voting equity interest in the case of a person that is not a corporation) of such other person. For purposes of this definition, "control", including the terms "controlling" and "controlled", means the power to direct or cause the direction of the management and policies of a person, directly or indirectly, whether through the ownership of securities or partnership or other ownership interests, by contract or otherwise. (ii) "Subsidiary" of a person means any person with respect to whom such specified person, directly or indirectly, beneficially owns fifty percent (50%) or more of the equity Page 3 of 5 (AXA CORPORATE SOLUTIONS LOGO) interests in, or holds the voting control of fifty percent (50%) to more of the equity interests in, such person. (f) Upon the written request of AXA Corporate Solutions at any time, the Company will return to AXA Corporate Solutions all AXA Corporate Solutions' Confidential Information, provided that if AXA Corporate Solutions enters into a reinsurance agreement with the Company, that the Company shall be entitled to retain AXA Corporate Solutions' Confidential Information required by the Company in order to fulfill its obligations under the reinsurance agreement (but that any such Confidential Information shall not be used for any other purpose). (g) Upon the written request of the Company at any time, AXA Corporate Solutions will return to the Company all Company Confidential Information, provided that if AXA Corporate Solutions enters into a reinsurance agreement with the Company, that AXA Corporate Solutions shall be entitled to retain Company Confidential Information required by AXA Corporate Solutions in order to fulfill its obligations under the reinsurance agreement (but that any such Confidential Information shall not be used for any other purpose except as may be required for risk management purposes with an outside party that is bound by the same or similar confidentiality guidelines as stated herein). (h) Nothing in this agreement shall prevent the Company and AXA Corporate Solutions from developing reinsurance products, or limit their respective rights to develop reinsurance products, provided the Company does not use AXA Corporate Solutions Confidential Information and AXA Corporate Solutions does not use Company Confidential Information in connection with the development of such products. COMMENCEMENT AND TERMINATION OF AGREEMENT This Agreement is effective upon the date first written above. The obligations of each party set out in the preceding paragraphs above shall survive the termination, if any, of the Agreement. Termination may occur only by mutual written consent of AXA Corporate Solutions and the Company. The conditions of the termination shall be set forth in an Addendum to this Agreement that is executed by both parties. Notwithstanding anything in this Agreement to the contrary, each party agrees that any agreement executed between them as a result of these discussions shall incorporate the confidentiality provisions contained herein, and this Agreement shall be deemed to continue in full force and effect during all terms of such subsequent agreement. GENERAL PROVISIONS This Agreement shall be governed by and construed, and the legal relations between the parties shall be determined, in accordance with the laws of the State of Delaware without giving effect to the principles of conflicts of laws. This Agreement supersedes all prior understandings and negotiations, oral and written, and constitutes the entire understanding between the parties on this subject. This Agreement and any of the rights or obligations hereunder are not assignable by either party without the other party's prior written permission. No waiver, modification, or Page 4 of 5 (AXA CORPORATE SOLUTIONS LOGO) amendment to the Agreement shall be binding upon the parties unless it is in writing signed by an Authorized Representative of the party against whom enforcement is sought IN WITNESS THEREOF, the parties by their duly Authorized Representatives have caused this Agreement to be executed as of the date first written above. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK NAME: /s/ illegible ------------------------------- TITLE: VP & CFO DATE: 27 March, 2002 AXA CORPORATE SOLUTIONS AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY LIFE REINSURANCE COMPANY NAME: /s/ illegible NAME: /s/ illegible ------------------------------- ---------------------------------- TITLE: SVP TITLE: AVP DATE: 27 March, 2002 DATE: 27 March, 2002 Page 5 of 5 EXHIBIT V WIRING INSTRUCTIONS AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY'S TECHNICAL ACCOUNT Account held at: Chase Manhattan Bank, N.A. New York, NY 10019 Account Number: ABA# 021000021 Account# 323-095569 Premium & Loss Account THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK'S ACCOUNT Account held at: State Street Bank and Trust Co. Boston, MA Account Number: ABA# 011000028 Account# 43627504 Manufacturers Life Insurance Company of New York Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB) Effective September 17, 2001 AMENDMENT NO. 1 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-4INY, DATED SEPTEMBER 17, 2001 between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as noted below, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE A, PLANS OF REINSURANCE, is hereby replaced by the attached revised Schedule A, effective January 2, 2003, to add under Paragraph F, Related Contracts, the Wealthmark version of Venture distributed through Scudder and SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B: 1. to add the funds offered under the Wealthmark product, and 2. to document revisions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ James Gallagher Date: March 4, 2007 --------------------------------- James Gallagher, President Attest: /s/ David W. Libbey ----------------------------- David W. Libbey, Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 20 February 2003 --------------------------------- Michael S. Sakoulas, Senior Vice President By: /s/ Josee Deroy --------------------------------- Josee Deroy, Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 1 SCHEDULE A PLANS OF REINSURANCE A. REINSURER'S QUOTA SHARE PERCENTAGE: [*] B. ISSUE DATES: New Policies issued on or after September 17, 2001. Contractholders may, at their sole discretion, elect, revoke or make changes to their contract within sixty (60) days (hereinafter known as the 60-day window) of the contract issue date. The election or termination of any optional rider within the 60-day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 60-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period. C. GMIB (Contractual Income Program Benefit) Reinsured: Income Benefit Base (IBB) - For Issue Ages 0-80: Annual Ratchet to attained age 81; frozen thereafter, Note: The IBB is reduced proportionately for withdrawals. An annuitant change is allowed as long as the new annuitant is the same age or younger than the original annuitant. Waiting Period Contractholders can elect to annuitize under the Income Program thirty (30) days following their tenth (10th) or later contract anniversary and also under one of the life annuity forms stated in Article IV. D. Product Features: Annuitization Annuitization under the Income Program means that the annuitant is receiving guaranteed fixed income payments based on the IBB and the MAPR under one of the life annuity forms shown within the MAPR calculation set forth in Article IV. Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 1 SCHEDULE A PLANS OF REINSURANCE (Continued) Income Program Rider Election The contractholder can only elect the Income Program Rider at issue. Once election is made, it is irrevocable (except within the contractual free look provisions of the contract) Income Program Rider Cancellation The contractholder of the annuity can not cancel the Income Program rider at any time (except within the contractual free look provisions of the contract). Step-Up or Reset of IBB Not Available. E. Spousal Continuances A Spousal Continuance occurs if the deceased owner's spouse is the beneficiary. The surviving spouse continues the contract, including any optional benefits such as GRIP, as the new owner. In such a case, the GRIP Income Benefit Base continues the same as it would for a change of annuitant, except the requirement that the annuitant be younger is waived for the spouse. Providing that the CEDING COMPANY can individually identify Spousal Continuances, as shown in Schedule C, the REINSURER will cover Spousal Continuances under this Agreement and will treat them as new issues to the extent that, at the time of continuance, this Agreement is open for new business as defined in Article XX, Paragraph A. F. Related Contracts: Venture VA policy forms specified below that elect the GRIP rider specified below. Wealthmark version of Venture policy forms specified below that elect the GRIP rider specified below, distributed through Scudder (added January 2, 2003). Policy Forms Venture.002.99 Venture.002.99-IRA BR002.00-NY Grip Rider Form BR003.00-NY BR003.00G-NY Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 1 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS AIM All Cap Growth Trust Aggressive Growth Trust CGTC Diversified Bond Trust Income & Value Trust US Large Cap Value Trust Small Company Blend Trust Cohen & Steers (replaced by DeAM as of November 25, 2002) Real Estate Securities (see DeAM) Davis Selected Financial Services Fundamental Value Deutsche Asset Management Investment Services Ltd. "DeAM" (added as of November 25, 2002) All Cap Core Trust Dynamic Growth Trust International Stock Trust Real Estate Securities Trust Dreyfus All Cap Value Trust Fidelity Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Founders International Small Cap Trust Franklin Emerging Small Company Trust Investco Telecommunications Trust Mid Cap Growth Trust Janus (replaced by DeAM as of November 25, 2002) Dynamic Growth Trust (see DeAM) Jennison Capital Appreciation Trust Lord Abbett Mid Cap Value Trust Manufacturers Advisor Corporation Pacific Rim Emerging Markets Trust Money Market Trust Quantitative Equity Trust Balanced Trust Quantitative Mid Cap Trust Lifestyle Conservative 280 Trust Lifestyle Moderate 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust Total Stock Market Index Trust 500 Index Trust Mid Cap Index Trust Small Cap Index Trust Merrill Lynch ML Basic Value Focus Trust ML Special Valued Focus Trust ML Developing Capital Markets Trust MFS Strategic Growth Trust Capital Opportunities Trust Utilities Trust Miller Ander Sher Value Trust High Yield Trust Brinson Tactical Allocation Trust Munder Internet Technologies PIMCO Global Bond Trust Total Return Trust Putnam Global Equity Mid Cap Opportunities Rowe Price -- Flem. (replaced by DeAM as of November 25, 2002) International Stock Trust (see DeAM) Salomon US Government Securities Trust Strategic Bond Trust SGAM Principal Protection Trust A (added October 21, 2002) SsgA (replaced by DeAM as of November 25, 2002) Growth Trust (name changed to All Cap Core Trust -- see DeAM) T. Rowe Price Equity Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton International Value Trust Wellington Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust FIXED FUNDS One Year DCA Twelve Month DCA Six Month Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 1 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS (WEALTHMARK VERSION OF VENTURE) ADDED JANUARY 2, 2003 Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suissa Trust Emerging Markets Portfolio Global Post-Venture Capital Portfolio Dreyfus Investment Portfolio I Service Class MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Contrarian Value Portfolio Global Blue Chip Portfolio Government Securities Portfolio Growth Portfolio High Income Portfolio International Select Equity Portfolio Investment Grade Bond Portfolio Money Market Portfolio Small Cap Growth Portfolio Technology Growth Portfolio Total Return Portfolio Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio] Eagle Focused Large Cap Growth Portfolio Focus Value -- Growth Portfolio Index 500 Portfolio INVESCO Dynamic Growth Portfolio Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio MFS Strategic Value Portfolio Oak Strategic Equity Portfolio Turner MidCap Growth Portfolio FIXED FUNDS One Year DCA Twelve Month DCA Six Month Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 1 AMENDMENT NO. 2 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REISNURER) Effective as noted below, this Amendment is hereby attached to and becomes a part of the above described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document revisions and additions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ James Gallagher Date: 6/2/2003 --------------------------------- James Gallagher, President Attest: /s/ David W. Libbey ----------------------------- David W. Libbey, Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 2 June 2003 --------------------------------- Michael S. Sakoulas, Senior Vice President By: /s/ Josee Deroy --------------------------------- Josee Deroy, Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS American Funds Growth Trust (added May 5, 2003) International Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) Blue Chip Income & Growth Trust (added May 5, 2003) AIM Capital Management, Inc. All Cap Growth Trust Aggressive Growth Trust Mid Cap Core (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust Income & Value Trust US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Small Company Blond Trust Davis Advisers Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust International Stock Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Franklin Advisors, Inc. Emerging Small Company Trust Jennison Associates LLC Capital Appreciation Trust Lord, Abbett & Co. LLC Mid Cap Value Trust All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) Pacific Rim Emerging Markets Trust Money Market Trust Quantitative Equity Trust Balanced Trust Quantitative Mid Cap Trust Lifestyle Conservative 280 Trust Lifestyle ModerateBalanced 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust Total Stock Market Index Trust 500 Index Trust Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Mid Cap Index Trust Small Cap Index Trust Quantitative All Cap (added May 5, 2003) Emerging Growth (added May 5, 2003) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Special Value Focus Trust ML Developing Capital Markets Trust Massachusetts Financial Services Company ("MFS") Strategic Growth Trust Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC Global Bond Trust Total Return Trust Real Return Bond (added May 5, 2003) Putnam Investment Management, LLC Global Equity Trust Salomon Brothers Asset Management Inc. ("PIMCO") US Government Securities Trust Strategic Bond Trust High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value (added May 5, 2003) SGAM Principal Protection Trust A (added October 21, 2002) T. Rowe Price Equity Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton Investment Counsel, LLC International Value Trust International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) UBS Global Asset Management (named changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Wellington Management Company, LLP Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) FIXED FUNDS One Year DCA Twelve Month DCA Six Month SECTION OF HISTORICAL CHANGES Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) Rowe Price - Flem.(replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Continued.... Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Post-Venture Capital Portfolio Dreyfus Investment Portfolio (Service Class) MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Real Estate Securities Portfolio (Class B Shares) (added May 5, 2003) Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Contrarian Value Portfolio Global Blue Chip Portfolio Government Securities Portfolio Growth Portfolio High Income Portfolio International Select Equity Portfolio Fixed Income (name changed May 1, 2003; formerly Investment Grade Bond Portfolio) Money Market Portfolio Small Cap Growth Portfolio Strategic Income (added May 5, 2003) Technology Growth Portfolio Total Return Portfolio Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio Dreman Small Cap Value Portfolio Eagle Focused Large cap Growth Portfolio Focus Value + Growth Portfolio Index 500 Portfolio INVESCO Dynamic Growth Portfolio Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio MFS Strategic Value Portfolio Oak Strategic Equity Portfolio Turner MidCap Growth Portfolio Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 FIXED FUNDS One Year DCA Twelve Month DCA Six Month Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 2 AMENDMENT NO. 3 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as noted below, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document revisions and additions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ James Gallagher Date: July 6, 2004 --------------------------------- James Gallagher, President /s/ David W. Libbey Attest: ----------------------------- David W. Libbey, Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 13 May 2004 --------------------------------- Michael S. Sakoulas, Senior Vice President By: /s/ Betsy A. Barnes --------------------------------- Betsy A. Barnes, Assistant Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS American Century Investment Management, Inc. Small Company Trust (added May 3, 2004) American Funds Growth Trust (added May 5, 2003) International Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) Blue Chip Income & Growth Trust (added May 5, 2003) AIM Capital Management, Inc. All Cap Growth Trust Aggressive Growth Trust Mid Cap Core (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust Income & Value Trust US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Small Company Blend Trust Davis Advisors Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust International Stock Trust Real Estate Securities Trust Fidelity Management & Research Company ["FMR"] Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Franklin Advisers, Inc. Emerging Small Company Trust Jennison Associates LLC Capital Appreciation Trust John Hancock Advisers, LLC Strategic Income Trust (added May 3, 2004) Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) Lord, Abbett & Co. LLC Mid Cap Value Trust All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Money Market Trust Quantitative Mid Cap Trust Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Lifestyle Conservative 280 Trust Lifestyle Moderate 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust (closed to new money and transfers May 3, 2004) Total Stock Market Index Trust 500 Index Trust Mid Cap Index Trust Small Cap Index Trust Quantitative All Cap (added May 5, 2003) Quantitative Value Trust (added May 3, 2004) Emerging Growth (added May 5, 2003) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Special Value Focus Trust ML Developing Capital Markets Trust Massachusetts Financial Services Company ("MFS") Strategic Growth Trust Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Total Return Trust Real Return Bond (added May 5, 2003) Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) Salomon Brothers Asset Management Inc. ("SaBAM") US Government Securities Trust Strategic Bond Trust High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value (added May 5, 2003) SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ("SSgA") John Hancock VST International Index (added May 3, 2004) Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS T. Rowe Price Equity-Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003; formerly managed by Putnam Investment Management) Templeton Investment Counsel, LLC International Value Trust International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) MFC Global Investment Management Quantitative Equity Trust (merged into Income & Value (Capital Guardian) May 3, 2004) Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Rowe Price - Flem (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Post Venture Capital Portfolio Dreyfus Investment Portfolio (Service Class) MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Real Estate Securities Portfolio (Class B Shares) (added May 5, 2003) Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Large Cap Value Portfolio (name changed May 1, 2004; formerly Contrarian Value Portfolio) Global Blue Chip Portfolio Government & Agency Securities (name changed May 1, 2004; formerly Government Securities Portfolio) Growth Portfolio High Income Portfolio International Select Equity Portfolio Fixed Income (name changed May 1, 2003; formerly Investment Grade Bond Portfolio) Money Market Portfolio Small Cap Growth Portfolio Strategic Income (added May 5, 2003) Technology Growth Portfolio Total Return Portfolio Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio Dreman Small Cap Value Portfolio Eagle Focused Large Cap Growth Portfolio Focus Value + Growth Portfolio Index 500 Portfolio INVESCO Dynamic Growth Portfolio Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio MFS Strategic Value Portfolio Oak Strategic Equity Portfolio Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 3 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 Turner MidCap Growth Portfolio FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 3 AMENDMENT NO. 4 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective August 1, 2004, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document additions to the Wealthmark fund offerings. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Robert K. Leach --------------------------------- Date: 10/22/04 Robert K. Leach, Vice President Attest: /s/ David W. Libbey ----------------------------- David W. Libbey, Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 27 September 2004 --------------------------------- Michael S. Sakoulas, Senior Vice President By: /s/ Betsy A. Barnes --------------------------------- Betsy A. Barnes, Assistant Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS American Century Investment Management, Inc. Small Company Trust (added May 3, 2004) American Funds Growth Trust (added May 5, 2003) International Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) Blue Chip Income & Growth Trust (added May 5, 2003) AIM Capital Management, Inc. All Cap Growth Trust Aggresive Growth Trust Mid Cap Core (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust Income & Value Trust US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Small Company Blend Trust Davis Advisors Financial Services Trust Fundamental Value Trust Duetsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust International Stock Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Franklin Advisers, Inc. Emerging Small Company Trust Jannison Associates LLC Capital Appreciation Trust John Hancock Advisers, LLC Strategic Income Trust (added May 3, 2004) Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) Lord, Abbett & Co. LLC Mid Cap Value Trust All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) MFC Global Investment Management (formerly known as Manufacturers Advisors Corporation) Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Money Market Trust Quantitative Mid Cap Trust Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Lifestyle Conservative 280 Trust Lifestyle Moderate 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust (closed to new money and transfers May 3, 2004) Total Stock Market Index Trust 500 Index Trust Mid Cap Index Trust Small Cap Index Trust Quantitative All Cap (added May 5, 2003) Quantitative Value Trust (added May 3, 2004) Emerging Growth (added May 5, 2003) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Special Value Focus Trust ML Developing Capital Markets Trust Massachusetts Financial Services Company ["MFS"] Strategic Growth Trust Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ["PIMCO"] Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Total Return Trust Real Return Bond (added May 5, 2003) Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) Salomon Brothers Asset Management Inc. ["SaBAM"] US Government Securities Trust Strategic Bond Trust High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value (added May 5, 2003) SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ["SSgA"] John Hancock VST International Index (added May 3, 2004) Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS T. Rowe Price Equity-Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003.) formerly managed by Putnam Investment Management) Templeton Investment Counsel, LLC International Value Trust International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Van Karnpen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Mitler Ander. Sher.) Wellington Management Company, LLP Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) MFC Global Investment Management Quantitative Equity Trust (merged into Income & Value {Capital Guardian} May 3, 2004) Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Rowe Price - Flem. (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Post-Venture Capital Portfolio Dreyfus Investment Portfolio (Service Class) MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Real Estate Securities Portfolio (Class B Shares) (added May 5, 2003) Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Large Cap Value Portfolio (name changed May 1, 2004; formerly Contrarian Value Portfolio) Global Blue Chip Portfolio Government & Agency Securities (name changed May 1, 2004; formely Government Securities Portfolio) Growth Portfolio High Income Portfolio International Select Equity Portfolio Fixed Income (name changed May 1, 2003; formerly Investment Grade Bond Portfolio) Money Market Portfolio Small Cap Growth Portfolio Strategic Income (added May 5, 2003) Technology Growth Portfolio Total Return Portfolio Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio Dreman Small Cap Value Portfolio Eagle Focused Large Cap Growth Portfolio Focus Value + Growth Portfolio Index 500 Portfolio INVESCO Dynamic Growth Portfolio Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio MFS Strategic Value Portfolio Oak Strategic Equity Portfolio Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 4 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 Turner MidCap Growth Portfolio Conservative Income Strategy Portfolio (added August 1, 2004) Growth & Income Strategy Portfolio (added August 1, 2004) Growth Strategy Portfolio (added August 1, 2004) Income & Growth Strategy Portfolio (added August 1, 2004) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 4 AMENDMENT NO. 5 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective November 15, 2004, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document additions to the Wealthmark fund offerings. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Robert K. Leach Date: 12/9/04 --------------------------------- Robert K. Leach, Vice President Attest: /s/ David W. Libbey 12/9/04 ----------------------------- David W. Libbey, Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 15 November 2004 --------------------------------- Michael S. Sakoulas, Senior Vice President By: /s/ Betsy A. Barnes --------------------------------- Betsy A. Barnes, Assistant Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS American Century Investment Management, Inc. Small Company Trust (added May 3, 2004) American Funds Growth Trust (added May 5, 2003) International Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) Blue Chip Income & Growth Trust (added May 5, 2003) AIM Capital Management, Inc. All Cap Growth Trust Aggressive Growth Trust Mid Cap Core (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust Income & Value Trust US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Small Company Blend Trust Davis Advisors Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust International Stock Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Large Cap Growth Trust Overseas Trust Strategic Opportunities Trust Franklin Advisers, Inc. Emerging Small Company Trust Jennison Associates LLC Capital Appreciation Trust John Hancock Advisers, LLC Strategic Income Trust (added May 3, 2004) Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) Lord, Abbett & Co. LLC Mid Cap Value Trust All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Money Market Trust Quantitative Mid Cap Trust Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Lifestyle Conservative 280 Trust Lifestyle Moderate 460 Trust Lifestyle Balanced 640 Trust Lifestyle Growth 820 Trust Lifestyle Aggressive 1000 Trust International Index Trust (closed to new money and transfers May 3, 2004) Total Stock Market Index Trust 500 Index Trust Mid Cap Index Trust Small Cap Index Trust Quantitative All Cap (added May 5, 2003) Quantitative Value Trust (added May 3, 2004) Emerging Growth (added May 5, 2003) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Special Value Focus Trust ML Developing Capital Markets Trust Massachusetts Financial Services Company ("MFS") Strategic Growth Trust Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Total Return Trust Real Return Bond (added May 5, 2003) Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) Salomon Brothers Asset Management Inc. ("SaBAM") US Government Securities Trust Strategic Bond Trust High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value (added May 5, 2003) SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ("SSgA") John Hancock VST International Index (added May 3, 2004) Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS T. Rowe Price Equity-Income Trust Blue Chip Growth Trust Science & Technology Trust Small Company Value Trust Health Sciences Trust Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003; formerly managed by Putnam Investment Management) Templeton Investment Counsel. LLC International Value Trust International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Growth & Income Trust Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added Mav 5, 2003) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T, Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) MFC Global Investment Management Quantitative Equity Trust (merged into Income & Value (Capital Guardianl May 3, 2004) Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Rowe Price -- Flem. (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Post-Venture Capital Portfolio Dreyfus Investment Portfolio (Service Class MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Real Estate Securities Portfolio (Class B Shares) (added May 5, 2003) Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Conservative Income Strategy Portfolio (added August 1, 2004) Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio Dreman Small Cap Value Portfolio Eagle Focused Large Cap Growth Portfolio Fixed Income (name changed May 1, 2003; formerly Investment Grade Bond Portfolio) Focus Value + Growth Portfolio Global Blue Chip Portfolio Government & Agency Securities (name changed May 1, 2004; formerly Government Securities Portfolio) Growth & Income Strategy Portfolio (added August 1, 2004) Growth Portfolio Growth Strategy Portfolio (added August 1, 2004) High Income Portfolio Income & Growth Strategy Portfolio (added August 1, 2004) Index 500 Portfolio International Select Equity Portfolio INVESCO Dynamic Growth Portfolio Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio Large Cap Value Portfolio (name changed May 1, 2004; formerly Contrarian Value Portfolio) Mercury Large Cap Core Portfolio (added November 15, 2004) MFS Strategic Value Portfolio Money Market Portfolio Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 5 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 Oak Strategic Equity Portfolio Small Cap Growth Portfolio Strategic Income (added May 5, 2003) Technology Growth Portfolio Templeton Foreign Value Portfolio (added November 15, 2004) Total Return Portfolio Turner MidCap Growth Portfolio FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year Manufacturers Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 5 AMENDMENT No.6 TO AUTOMATIC REINSURANCE AGREEMENT No. 2001-41NY, DATED SEPTEMBER 17, 2001 between JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as shown below, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document revisions and additions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Yiji S. Starr --------------------------------- Date: 11/4/05 Yiji S. Starr, Vice President and CFO Attest: /s/ illegible ----------------------------- illegible Vice President and CFO AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Michael S. Sakoulas Date: 27 June 2005 --------------------------------- Michael S. Sakoulas, Senior Vice President Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS American Century Investment Management, Inc. Small Company Trust (closed to new investors August 1, 2005; added May 3, 2004) American funds Blue Chip Income & Growth Trust (added May 5, 2003) Bond Trust (added August 1, 2005) Growth Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) International Trust (added May 5, 2003) AIM Capital Management, Inc. All Cap Growth Trust Mid Cap Core (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Income & Value Trust Overseas Equity Trust (added May 2, 2005) US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Davis Advisors Financial Services Trust Fundamental Value Trust Declaration Management and Research LLC and John Hancock Advisers, LLC Active Bond Trust (added May 2, 2005) Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Large Cap Growth Trust Strategic Opportunities Trust Franklin Advisers, Inc. Emerging Small Company Trust Grantham, Mayo, Van Otterloo & Co. LLC (GMO) Growth & Income Trust (fund manager changed July 29, 2005, formerly managed by Wellington) International Stock Trust (fund manager changed July 29, 2005, formerly managed by DeAM) Independence Investment LLC Small Cap Trust (added May 2, 2005) Jennison Associates LLC Capital Appreciation Trust John Hancock Advisers, LLC Strategic Income Trust (added May 3, 2004) Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Lord, Abbett & Co. LLC All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) Mid Cap Value Trust MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) 500 Index Trust Emerging Growth (added May 5, 2003) Lifestyle Aggressive 1000 Trust Lifestyle Balanced 640 Trust Lifestyle Conservative 280 Trust Lifestyle Growth 820 Trust Lifestyle Moderate 460 Trust Mid Cap Index Trust Money Market Trust Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Quantitative All Cap (added May 5, 2003) Quantitative Mid Cap Trust Quantitative Value Trust (added May 3, 2004) Small Cap Index Trust Total Stock Market Index Trust Marsico Capital Management, LLC International Opportunities Trust (added May 2, 2005) Massachusetts Financial Services Company ("MFS") Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Real Return Bond (added May 5, 2003) Total Return Trust Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) Salomon Brothers Asset Management Inc. ("SaBAM") High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value (added May 5, 2003) Strategic Bond Trust US Government Securities Trust SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ("SSgA") International Equity Index Trust (added May 2, 2005) John Hancock VST International Index (added May 3, 2004) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) T. Rowe Price Blue Chip Growth Trust Equity-Income Trust Health Sciences Trust Mid Value Trust (added May 2, 2005) Science & Technology Trust Small Company Value Trust Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003; formerly managed by Putnam Investment Management) Templeton Investment Counsel, LLC International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) International Value Trust UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Large Cap Trust (added May 2, 2005) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) Small Cap Growth Trust (added May 2, 2005) Small Cap Value Trust (added May 2, 2005) Wells Capital Management, Inc. Core Bond Trust (added May 2, 2005) U.S. High Yield Bond Trust (added May 2, 2005) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) AIM Capital Management, Inc. Aggressive Growth Trust (merged April 29, 2005, into Mid Cap Stock Trust - Wellington) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust (merged April 29, 2005, into Active Bond Trust - Declaration/John Hancock) Small Company Blend Trust (merged April 29, 2005, into Small Cap Opportunities Trust - Munder) Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Fidelity Management & Research Company ("FMR") Overseas Trust (merged April 29, 2005, into International Value Trust - Templeton) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) Massachusetts Financial Services Company ("MFS") Strategic Growth Trust (merged April 29, 2005, into US Global Leaders Growth Trust - Sustainable Growth Advisors) MFC Global Investment Management Quantitative Equity Trust (merged into Income & Value (Capital Guardian) May 3, 2004} Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) International Index Trust (closed to new money and transfers May 3, 2004) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Developing Capital Markets Trust ML Special Value Focus Trust Rowe Price -- Flem. (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Post-Venture Capital Portfolio Dreyfus Investment Portfolio (Service Class MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. INVESCO Variable Investment Funds, Inc. Utilities Fund Portfolio Scudder Variable Series I (Class B Shares) Capital Growth Portfolio Global Discovery Portfolio Growth and Income Portfolio Health Sciences Portfolio International Portfolio Scudder Real Estate Securities Portfolio (Class B Shares) (added May 5, 2003) Scudder Variable Series II (Class B Shares) Aggressive Growth Portfolio Blue Chip Portfolio Bond Portfolio (added May 2, 2005) Conservative Income Strategy Portfolio (added August 1, 2004) Davis Venture Value Portfolio Dreman Financial Services Portfolio Dreman High Return Equity Portfolio Dreman Small Cap Value Portfolio Fixed Income (name changed May 1, 2003; formerly Investment Grade Bond Portfolio) Global Blue Chip Portfolio Government & Agency Securities (name changed May 1, 2004; formerly Government Securities Portfolio) Growth & Income Strategy Portfolio (added August 1, 2004) Growth Strategy Portfolio (added August 1, 2004) High Income Portfolio Income & Growth Strategy Portfolio (added August 1, 2004) Index 500 Portfolio International Select Equity Portfolio SBAM Dynamic Growth Portfolio (fund manager changed August 1, 2005; formerly managed by INVESCO) Janus Growth and Income Portfolio Janus Growth Opportunities Portfolio Large Cap Value Portfolio (name changed May 1, 2004; formerly Contrarian Value Portfolio) Mercury Large Cap Core Portfolio (added November 15, 2004) MFS Strategic Value Portfolio Money Market Portfolio Oak Strategic Equity Portfolio Small Cap Growth Portfolio Strategic Income (added May 5, 2003) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 6 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 Technology Growth Portfolio Templeton Foreign Value Portfolio (added November 15, 2004) Total Return Portfolio Turner MidCap Growth Portfolio FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio (merged April 29, 2005, into Scudder Small Cap Growth) Scudder Variable Series II (Class B Shares) Focus Value + Growth Portfolio (merged April 29, 2005, into Scudder Growth & Income) Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Eagle Focused Large Cap Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 6 AMENDMENT No. 7 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as shown below, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B. to document revisions and additions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Yiji S. Starr Date: 12/20/06 --------------------------------- Yiji S. Starr, Vice President and CFO Attest: Anthony Teta ----------------------------- Anthony Teta, Vice President AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Keith E. Floman Date: 11/6/2006 --------------------------------- Keith E. Floman, Vice President & Actuary Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS AIM Capital Management, Inc. All Cap Growth Trust Mid Cap Core (added May 5, 2003) American Century Investment Management, Inc. Small Company Trust (closed to new investors August 1, 2005; added May 3, 2004) American Funds Blue Chip Income & Growth Trust (added May 5, 2003) Bond Trust (added August 1,2005) Growth Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) International Trust (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Income & Value Trust Overseas Equity Trust (added May 2, 2005) US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Davis Advisers Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Strategic Opportunities Trust Grantham, Mayo, Van Otterloo & Co. LLC (GMO) U.S. Core Trust (name changed May 1, 2006; formerly Growth & Income Trust; fund manager changed July 29, 2005, formerly managed by Wellington) International Core Trust (name changed May 1, 2006; formerly International Stock Trust; fund manager changed July 29, 2005, formerly managed by DeAM) Independence Investment LLC Small Cap Trust (added May 2, 2005) Jennison Associates LLC Capital Appreciation Trust Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) Lord. Abbett & Co. LLC All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) Mid Cap Value Trust Marsico Capital Management, LLC International Opportunities Trust (added May 2, 2005) Massachusetts Financial Services Company ("MFS") Strategic Value (name changed May 1, 2003; formerly Capital Opportunities Trust) Utilities Trust Mercury Advisors Large Cap Value Trust (added May 5, 2003) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) 500 Index Trust Index Allocation Trust (added February 13, 2006) Lifestyle Aggressive Trust Lifestyle Balanced Trust Lifestyle Conservative Trust Lifestyle Growth Trust Lifestyle Moderate Trust Mid Cap Index Trust Money Market Trust Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Quantitative All Cap (added May 5, 2003) Quantitative Mid Cap Trust Quantitative Value Trust (added May 3, 2004) Small Cap Index Trust Total Stock Market Index Trust Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Real Return Bond (added May 5, 2003) Total Return Trust Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) RCM Capital Management, LLC (subadviser change May 1, 2006 from Franklin Advisers. Inc.) Emerging Small Company Trust SGAM Principal Protection Trust A (added October 21,2002) Sovereign Asset Management LLC (subadviser name change January, 2006 from John Hancock Advisors) Active Bond Trust (also sub-advised by Declaration Management & Research LLC) Emerging Growth Trust (subadviser change May 1, 2006 from MFC Global) Strategic Income Trust State Street Global Advisers ("SSgA") International Equity Index Trust (added May 2, 2005) John Hancock VST International Index (added May 3, 2004) Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) T. Rowe Price Blue Chip Growth Trust Equity-Income Trust Health Sciences Trust Mid Value Trust (added May 2, 2005) Science & Technology Trust Small Company Value Trust Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003; formerly managed by Putnam Investment Management) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Templeton Investment Counsel, LLC International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) International Value Trust UBS Global Asset Management (name changed formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Large Cap Trust (added May 2, 2005) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) Small Cap Growth Trust (added May 2, 2005) Small Cap Value Trust (added May 2, 2005) Wells Capital Management, Inc. Core Bond Trust (added May 2, 2005) U.S. High Yield Bond Trust (added May 2, 2005) Western Asset Management Co. (subadviser change May 1, 2006 from Salomon Brothers Asset Management Inc. ("SaBAM")) High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value Trust (added May 5, 2003) Strategic Bond Trust US Government Securities Trust FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES (FUNDS NO LONQER OFFERED) AIM Capital Management, Inc. Aggressive Growth Trust (merged April 29, 2005, into Mid Cap Stock Trust - Wellington) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust (merged April 29, 2005, into Active Bond Trust - Declaration/John Hancock) Small Company Blend Trust (merged April 29, 2005, into Small Cap Opportunities Trust - Munder) Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Fidelity Management & Research Company {"FMR") Large Cap Growth Trust (merged May 1, 2006, into Capital Appreciation managed by Jennison) Overseas Trust (merged April 29, 2005, into International Value Trust - Templeton) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) Massachusetts Financial Services Company ("MFS") Strategic Growth Trust (merged April 29, 2005, into US Global Leaders Growth Trust- Sustainable Growth Advisors) MFC Global Investment Management Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Quantitative Equity Trust (merged into Income & Value (Capital Guardian) May 3, 2004) International Index Trust (closed to new money and transfers May 3, 2004) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Developing Capital Markets Trust ML Special Value Focus Trust Rowe Price -- Flem. (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS AIM Variable Insurance Funds (formerly INVESCO Variable Investment Funds, Inc.) Utilities Fund Portfolio Alger American Fund (Class S Shares) Balanced Portfolio Leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Small Cap Portfolio (name changed February 21, 2005; formerly Global Post-Venture Capital Portfolio) Dreyfus Investment Portfolio (Service Class MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. DWS Investments VIT Funds Trust DWS Equity 500 Index VIP DWS RREEF Real Estate Securities VIP (name changed May 1, 2006; formerly Scudder Real Estate Securities Portfolio (Class B Shares}; added May 5, 2003) DWS Variable Series I (name changed May 1, 2006; formerly Scudder Variable Series I (Class B Shares) Note: DWS also added to fund names) DWS Bond VIP (added May 2, 2005) DWS Capital Growth VIP DWS Global Opportunities VIP (name changed May 1, 2006; formerly Global Discovery Portfolio) DWS Growth and Income VIP DWS Health Care VIP (name changed May 1, 2006; formerly Health Sciences Portfolio) DWS International VIP DWS Variable Series II (name changed May 1, 2006: formerly Scudder Variable Series II (Class B Shares) Note: DWS also added to fund names) DWS Balanced VIP (name changed May 1, 2006; formerly Total Return Portfolio) DWS Blue Chip VIP DWS Conservative Allocation VIP (name changed May 1, 2006; formerly Income & Growth Strategy Portfolio; added August 1, 2004) DWS Core Fixed Income VIP (name changed May 1, 2006; formerly Fixed Income; name changed May 1, 2003; formerly Investment Grade Bond Portfolio) DWS Davis Venture Value VIP DWS Dreman Financial Services VIP DWS Dreman High Return Equity VIP DWS Dreman Small Cap Value VIP DWS Global Thematic VIP (name changed May 1, 2006; formerly Global Blue Chip Portfolio) DWS Government & Agency Securities VIP (name changed May 1, 2004; formerly Government Securities Portfolio) DWS Growth Allocation VIP (name changed May 1, 2006; formerly Growth Strategy Portfolio; added August 1, 2004) DWS High Income VIP DWS Income Allocation VIP(name changed May 1, 2006; formerly Conservative Income Strategy Portfolio; added August 1, 2004) DWS International Select Equity VIP DWS Janus Growth and Income VIP DWS Janus Growth Opportunities VIP DWS Large Cap Value VIP (name changed May 1, 2004; formerly Contrarian Value Portfolio) DWS Mercury large Cap Core VIP (added November 15, 2004) DWS MFS Strategic Value VIP DWS Mid Cap Growth VIP DWS Moderate Allocation VIP (name changed May 1, 2006; formerly Growth & Income Strategy Portfolio; added August 1, 2004) DWS Money Market VIP John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 7 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 DWS Oak Strategic Equity VIP DWS SBAM Dynamic Growth VIP (fund manager changed August 1, 2005; formerly managed by INVESCO) DWS Small Cap Growth VIP DWS Strategic Income VIP (added May 5, 2003) DWS Technology VIP (name changed May 1, 2006; formerly Technology Growth Portfolio) DWS Templeton Foreign Value VIP (added November 15, 2004) DWS Turner MidCap Growth VIP John Hancock Trust (added May 1, 2006) Lifestyle Aggressive Lifestyle Balanced Lifestyle Conservative Lifestyle Growth Lifestyle Moderate FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) Scudder Variable Series I (Class B Shares) 21(st) Century Growth Portfolio (merged April 29, 2005, into Scudder Small Cap Growth) Scudder Variable Series II (Class B Shares) Focus Value+Growth Portfolio (merged April 29, 2005, into Scudder Growth & Income) Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Eagle Focused Large Cap Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Legg Mason Aggressive Growth Portfolio (proposed to merge into DWS Capital Growth December 8, 2006) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 7 AMENDMENT No. 8 TO AUTOMATIC REINSURANCE AGREEMENT NO. 2001-41NY, DATED SEPTEMBER 17, 2001 between JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as shown below, this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document revisions and additions to the fund offerings as of the dates shown. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Yiji S. Starr Date: 11/9/07 --------------------------------- Yiji S. Starr, Vice President and CFO Attest: /s/ Anthony Teta ----------------------------- Anthony Teta, Vice President AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Keith E. Floman Date: 4/9/07 --------------------------------- Keith E. Floman, Senior Vice President & Actuary Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS AIM Capital Management, Inc. All Cap Growth Trust American Century Investment Management, Inc. Small Company Trust (closed to new investors August 1, 2005; added May 3, 2004) American Funds Blue Chip Income & Growth Trust (added May 5, 2003) Bond Trust (added August 1, 2005) Growth Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) International Trust (added May 5, 2003) BlackRock (name changed September 30, 2006: formerly Mercury Advisors) Large Cap Value Trust (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Income & Value Trust Overseas Equity Trust (added May 2, 2005) US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Clearbridge Advisors, LLC (name changed December 1, 2006; formerly Western Asset Management Co.; subadviser change May 1, 2006 from Salomon Brothers Asset Management Inc. ("SaBAM")) High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value Trust (added May 5, 2003) Strategic Bond Trust US Government Securities Trust Davis Advisers Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd., "DeAM" (added November 25, 2002) All Cap Core Trust Dynamic Growth Trust Real Estate Securities Trust Fidelity Management & Research Company ("FMR") Strategic Opportunities Trust Grantham, Mayo, Van Otterloo & Co. LLC (GMO) U.S. Core Trust (name changed May 1, 2006; formerly Growth & Income Trust; fund manager changed July 29, 2005, formerly managed by Wellington) International Core Trust (name changed May 1, 2006; formerly International Stock Trust; fund manager changed July 29, 2005, formerly managed by DeAM) Independence Investment LLC Small Cap Trust (added May 2, 2005) Jennison Associates LLC Capital Appreciation Trust Legg Mason Funds Management, Inc. Core Equity Trust (added May 3, 2004) Lord, Abbett & Co. LLC All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) Mid Cap Value Trust Marsico Capital Management, LLC International Opportunities Trust (added May 2, 2005) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Massachusetts Financial Services Company ("MFS") Utilities Trust MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) 500 Index Trust Active Bond Trust (Fund Manager changed December 1, 2006, from Sovereign Asset Management; was also sub-advised by Declaration Management & Research LLC) Emerging Growth Trust (Fund Manager changed December 1, 2006, from Sovereign Asset Management; subadviser change May 1, 2006 from MFC Global) Index Allocation Trust (added February 13, 2006) Lifestyle Aggressive Trust Lifestyle Balanced Trust Lifestyle Conservative Trust Lifestyle Growth Trust Lifestyle Moderate Trust Mid Cap Index Trust Money Market Trust Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Quantitative All Cap (added May 5, 2003) Quantitative Mid Cap Trust Quantitative Value Trust (added May 3, 2004) Small Cap Index Trust Strategic Income Trust (Fund Manager changed December 1, 2006, from Sovereign Asset Management) Total Stock Market Index Trust Munder Capital Management Small Cap Opportunities (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Real Return Bond (added May 5, 2003) Total Return Trust Pzena Investment Management, LLC Classic Value Trust (added May 3, 2004) RCM Capital Management, LLC (subadviser change May 1, 2006 from Franklin Advisers, Inc.) Emerging Small Company Trust SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ("SSgA") International Equity Index Trust (added May 2, 2005) John Hancock VST International Index (added May 3, 2004) Sustainable Growth Advisers, LP U.S. Global Leaders Growth Trust (added May 3, 2004) T. Rowe Price Blue Chip Growth Trust Equity-Income Trust Health Sciences Trust Mid Value Trust (added May 2, 2005) Small Company Value Trust T. Rowe Price/RCM Capital Management (RCM co-manager as of December 1, 2006) Science & Technology Trust John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Templeton Global Advisors Limited Global Trust (name changed May 3, 2004; formerly Global Equity; fund manager changed December 9, 2003; formerly managed by Putnam Investment Management) Templeton Investment Counsel, LLC International Small Cap Trust (fund manager changed May 1, 2003; formerly managed by Founders) International Value Trust UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003; formerly Tactical Allocation Trust) Large Cap Trust (added May 2, 2005) Van Kampen Investments Value Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Investment Quality Bond Trust Mid Cap Stock Trust Natural Resources (added May 5, 2003) Small Cap Growth Trust (added May 2, 2005) Small Cap Value Trust (added May 2, 2005) Wells Capital Management, Inc. Core Bond Trust (added May 2, 2005) U.S. High Yield Bond Trust (added May 2, 2005) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts with a 7 year CDSC including those contracts which elect the Payment Enhancement Rider (since inception of the Agreement) Three Year Five Year Seven Year John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) AIM Capital Management, Inc. Aggressive Growth Trust (merged April 29, 2005, into Mid Cap Stock Trust - Wellington) Mid Cap Core (merged December 1, 2006, into MFC Mid Cap Index; added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust (merged April 29, 2005, into Active Bond Trust - Declaration/John Hancock) Small Company Blend Trust (merged April 29, 2005, into Small Cap Opportunities Trust- Munder) Cohen & Steers (replaced by DeAM November 25, 2002) Rear Estate Securities (see DeAM) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) Fidelity Management & Research Company ("FMR") Large Cap Growth Trust (merged May 1, 2006, into Capital Appreciation managed by Jennison) Overseas Trust (merged April 29, 2005, into International Value Trust - Templeton) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) Massachusetts Financial Services Company ("MFS") Strategic Growth Trust (merged April 29, 2005, into US Global leaders Growth Trust - Sustainable Growth Advisors) Strategic Value (merged December 1, 2006, into Black Rock Large Cap Value Trust; name changed May 1, 2003; formerly Capital Opportunities Trust) MFC Global Investment Management Balanced Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Quantitative Equity Trust (merged into Income & Value (Capital Guardian) May 3, 2004) International Index Trust (closed to new money and transfers May 3, 2004) Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Developing Capital Markets Trust ML Special Value Focus Trust Rowe Price - Flem. (replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust - see DeAM) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 - See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 - See DeAM) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS AIM Variable Insurance Funds (formerly INVESCO Variable Investment Funds. Inc.) Utilities Fund Portfolio Alger American Fund (Class S Shares) Balanced Portfolio leveraged AllCap Portfolio Credit Suisse Trust Emerging Markets Portfolio Global Small Cap Portfolio (name changed February 21, 2005; formerly Global Post-Venture Capital Portfolio) Dreyfus Investment Portfolio (Service Class MidCap Stock Portfolio Socially Responsible Growth Fund, Inc. DWS Investments VIT Funds Trust DWS Equity 500 Index VIP DWS RREEF Real Estate Securities VIP (name changed May 1, 2006; formerly Scudder Real Estate Securities Portfolio (Class B Shares); added May 5, 2003) DWS Variable Series I (name changed May 1, 2006; formerly Scudder Variable Series I (Class B Shares) Note: DWS also added to fund names} DWS Bond VIP (added May 2, 2005) DWS Capital Growth VIP DWS Global Opportunities VIP (name changed May 1, 2006; formerly Global Discovery Portfolio) DWS Growth and Income VIP DWS Health Care VIP (name changed May 1, 2006; formerly Health Sciences Portfolio) DWS International VIP DWS Variable Series II (name changed May 1, 2006; formerly Scudder Variable Series II (Class B Shares) Note: DWS also added to fund names) DWS Balanced VIP (name changed May 1, 2006; formerly Total Return Portfolio) DWS Blue Chip VIP DWS Conservative Allocation VIP (name changed May 1, 2006; formerly Income & Growth Strategy Portfolio; added August 1, 2004) DWS Core Fixed Income VIP (name changed May 1, 2006; formerly Fixed Income; name changed May 1, 2003; formerly Investment Grade Bond Portfolio) DWS Davis Venture Value VIP DWS Dreman Financial Services VIP DWS Dreman High Return Equity VIP DWS Dreman Small Mid Cap Value VIP (name changed December 8, 2006; formerly DWS Dreman Small Cap Value VIP) DWS Global Thematic VIP (name changed May 1, 2006; formerly Global Blue Chip Portfolio) DWS Government & Agency Securities VIP (name changed May 1, 2004; formerly Government Securities Portfolio) DWS Growth Allocation VIP (name changed May 1, 2006; formerly Growth Strategy Portfolio; added August 1, 2004) DWS High Income VIP DWS Income Allocation VIP (name changed May 1, 2006; formerly Conservative Income Strategy Portfolio; added August 1, 2004) DWS International Select Equity VIP DWS Janus Growth and Income VIP DWS large Cap Value VIP (name changed May 1, 2004; formerly Contrarian Value Portfolio) DWS MFS Strategic Value VIP DWS Mid Cap Growth VIP DWS Moderate Allocation VIP (name changed May 1, 2006; formerly Growth & Income Strategy Portfolio; added August 1, 2004) DWS Money Market VIP DWS SBAM Dynamic Growth V1P(fund manager changed August 1, 2005; formerly managed by INVESCO) DWS Small Cao Growth VIP John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 8 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 DWS Strategic Income VIP (added May 5, 2003) DWS Technology VIP (name changed May 1, 2006; formerly Technology Growth Portfolio) DWS Turner MidCap Growth VIP John Hancock Trust (added May 1, 2006) Lifestyle Aggressive Lifestyle Balanced Lifestyle Conservative Lifestyle Growth Lifestyle Moderate FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) Scudder Variable Series (Class B Shares) 21(st) Century Growth Portfolio (merged April 29, 2005, into Scudder Small Cap Growth) DWS (formerly Scudder Variable Series II (Class B Shares) Focus Value+Growth Portfolio (merged April 29, 2005, into Scudder Growth & Income) Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Eagle Focused large Cap Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) legg Mason Aggressive Growth Portfolio (merged December 8, 2006 into DWS Capital Growth) DWS Janus Growth Opportunities VIP (merged December 8, 2006 into DWS Capital Growth VIP) DWS Mercury large Cap Core VIP (merged December 8, 2006 into DWS Growth & Income VIP; added November 15, 2004) DWS Oak Strategic Equity VIP (merged December 8, 2006 into DWS Capital Growth VIP) DWS Templeton Foreign Value VIP (merged December 8, 2006 into DWS International VIP; added November 15, 2004) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 8 AMENDMENT No. 9 TO AUTOMATIC REINSURANCE AGREEMENT No. 2001-41NY, DATED SEPTEMBER 17, 2001 between JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (CEDING COMPANY) and AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY (REINSURER) Effective as shown below this Amendment is hereby attached to and becomes a part of the above-described Reinsurance Agreement. It is mutually agreed that: SCHEDULE B, INVESTMENT FUNDS, is hereby replaced by the attached revised Schedule B, to document revisions and additions to the fund offerings as of the dates shown This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Yiji S. Starr Date: 3/16/09 --------------------------------- Yiji S. Starr, Vice President and CFO Attest: /s/ Anthony Teta ----------------------------- Anthony Teta, Vice President AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY By: /s/ Keith E. Floman Date: 11-13-08 --------------------------------- Keith E. Floman, Senior Vice President & Actuary Attest: /s/ Julia Cornely ----------------------------- Julia Cornely, Assistant Vice President John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS AIM Capital Management, Inc. All Cap Growth Trust American Century investment Management. Inc. Small Company Trust (closed to new investors August 1, 2005; added May 3, 2004) American Funds Asset Allocation Trust (added May 1, 2007) Blue Chip Income & Growth Trust (added May 5, 2003) Bond Trust (added August 1, 2005) Global Growth Trust (added May 1, 2007) Global Small Cap Trust (added May 1, 2007) Growth Trust (added May 5, 2003) Growth-Income Trust (added May 5, 2003) High Income Trust (added May 1, 2007) International Trust (added May 5, 2003) New World Trust (added May 1, 2007) BlackRock (name changed September 30, 2006; formerly Mercury Advisors; Large Cap Value Trust (added May 5, 2003) Capital Guardian Trust Company ("CGTC") Income & Value Trust Overseas Equity Trust (added May 2, 2005) US Large Cap Trust (name changed May 1, 2003; formerly US Large Cap Value) Clearbridge Advisors, LLC (name changed December 1, 2006, formerly Western Asset Management Co. subadviser change May 1, 2006 from Salomon Brothers Asset Management Inc. ("SaBAM")) High Yield Trust (fund manager changed May 1, 2003; formerly managed by Miller Ander. Sher.) Special Value Trust (added May 5, 2003) Strategic Bond Trust US Government Securities Trust Davis Advisors Financial Services Trust Fundamental Value Trust Deutsche Asset Management Investment Services Ltd, "DeAM" (added November 25, 2002) All Cap Core Trust Real Estate Securities Trust Dimensional Financial Advisors Disciplined Diversification (added June 2, 2008) Fidelity Management & Research Company ("FMR") Strategic Opportunities Trust Grantham, Mayo, Van Otterloo & Co. LLC (GMO) International Core Trust (name changed May 1, 2006; formerly International Stock Trust; fund manager changed July 29, 2005, formerly managed by DeAM) (Independence Investment LLC Small Cap Trust (added May 2, 2005) Jennison Associates LLC Capital Appreciation Trust Legg Mason Funds Management Inc. Core Equity Trust (added May 3, 2004) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 1 of 6 Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Lord, Abbett & Co. LLC All Cap Value Trust (fund manager changed May 1, 2003; formerly managed by Dreyfus) Mid Cap Value Trust Marsioo Capital Management, LLC International Opportunities Trust (added May 2, 2005) Massachusetts Financial Services Company ("MFS") Utilities Trust MFC Global Investment Management (formerly known as Manufacturers Advisor Corporation) 500 Index Trust Active Bond Trust (Fund Manager changed December 1, 2006, from Sovereign Asset Management; was also sub-advised by Declaration Management & Research LLC) American fundamental Holdings Trust (added November 12, 2007) American Global Diversification Trust (added November 12, 2007) Emerging Growth Trust (a Fund Manager changed December 1, 2006, from Sovereign Asset Management; subadviser change May 1, 2006 from MFC Global) Franklin Templeton Founding Allocation Trust (added May 1, 2007) High Income Trust (added May 1, 2007) Index Allocation Trust (added February 13, 2006) Lifestyle Aggressive Trust Lifestyle Balanced Trust Lifestyle Conservative Trust Lifestyle Growth Trust Lifestyle Moderate Trust Mid Cap Index Trust Money Market Trust Pacific Rim Trust (name changed May 3, 2004; formerly Pacific Rim Emerging Markets Trust) Optimized All Cap Trust (name changed April 28, 2008; formerly Quantitative All Cap Trust; added May 5, 2003) Optimized Value Trust (name changed April 28, 2008; formerly Quantitative Value Trust; added May 3, 2004) Small Cap Index Trust Strategic Income Trust (Fund Manager changed December 1, 2006, from Sovereign Asset Management Total Stock Market Index Trust Munder Capital Management & Invesco AIM (Invesco AIM added as co-subadvisor, June 30, 2008) Small Cap Opportunities Trust (added May 5, 2003) Pacific Investment Management Company LLC ("PIMCO") Global Bond Trust PIMCO VIT All Asset Portfolio (added May 3, 2004) Real Return Bond Trust (added May 5, 2003) Total Return Trust Pzena Investment Management LLC Classic Value Trust (added May 3, 2004) RCM Capital Management, LLC (subadviser change May 1, 2006 from Franklin Advisers, Inc.) Emerging Small Company Trust SGAM Principal Protection Trust A (added October 21, 2002) State Street Global Advisers ("SSga") International Equity Index Trust (added May 2, 2005) John Hancock VST International Index (added May 3, 2004) T. Rowe Price Blue Chip Growth Trust Capital Appreciation Value Trust (to be added June 2, 2008) Equity-Income Trust John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 2 of 6 Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS VARIABLE FUNDS Health Sciences Trust Mid Value Trust (added May 2, 2005) Small Company Value Trust T. Rowe Price/RCM Capital Management (RCM co-manager as of December 1, 2006) Science & Technology Trust Templeton Global Advisor Limited Global Trust (name changed May 3, 2004. formerly Global Equity, fund manager changed December 9, 2003 formerly managed by Putnam Investment Management) Templeton Investment Counsel, LLC International Small Cap Trust (fund manager changed May 1 2003, formerly managed by Founders) International Value Trust UBS Global Asset Management (name changed, formerly Brinson) Global Allocation Trust (name changed May 1, 2003, formerly Tactical Allocation Trust) Large Cap Trust (added May 2, 2005) Van Kampen Investments Value Trust (fund manager changed May 1, 2003, formerly managed by Miller Ander. Sher.) Wellington Management Company, LLP Core Allocation Plus (added June 2, 2008) Investment Quality Bond Trust Mid Cap Intersection Trust (added May 1, 2007) Mid Cap Stock Trust Natural Resources Trust (added May 5, 2003) Small Cap Growth trust (added May 2, 2005) Small Cap Value Trust (added May 2, 2005) Wells Capital Management, Inc. Core Bond Trust (added May 2, 2005) U.S. High Yield Bond Trust (added May 2, 2005) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Venture contracts With a 7 year CDSC (since inception of the Agreement) Three Year Five Year Seven Year John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 3 of 6 Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) AIM Capital Management, Inc. Aggressive Growth Trust (merged April 29, 2005, into Mid Cap Stock Trust -- Wellington) Mid Cap Core Trust (merged December 1, 2006, into MFC Mid Cap Index: added May 5, 2003) Capital Guardian Trust Company ("CGTC") Diversified Bond Trust (merged April 29, 2005, into Active Bond Trust -- Declaration/John Hancock) Small Company Blend Trust (merged April 29, 2005, into Small Cap Opportunities Trust -- Munder) Cohen & Steers (replaced by DeAM November 25, 2002) Real Estate Securities (see DeAM) Davis (subadvisor changed June 27, 2008; formerly Grantham, Mayo, Van Otterloo & Co. LLC (GMO) U.S. Core Trust (merged November 7, 2008 into Davis, Fundamental Value, name changed May 1, 2006; formerly Growth & Income Trust; fund manager changed July 29, 2005, formerly managed by Wellington) Deutsche Asset Management Investment Services Ltd. "DeAM" (added November 25, 2002) Dynamic Growth Trust (merged April 25, 2008, into Wellington Mid Cap Stock) Fidelity Management & Research Company ("FMR") Large Cap Growth Trust (merged May 1, 2005, into Capital Apperciation managed by Jennison) Overseas Trust (merged April 29, 2005, into International Value Trust -- Templeton) Investco Telecommunications Trust (merged into Science & Technology Trust May 2, 2003 -- See T. Rowe Price) Mid Cap Growth Trust (merged into Dynamic Growth Trust MAY 2, 2003 -- See DeAM) Janus (replaced by DeAM November 25, 2002) Dynamic Growth Trust (see DeAM) Massachusetts Financial Services Company ("MFS") Strategic Growth Trust (merged April 29, 2005, into US Global Leaders Growth Trust -- Sustainable Growth Advisors) Strategic Value Trust (merged December 1, 2006, into Black Rock Large Cap Value Trust: name changed May 1, 2003:formerly Capital Opportunities Trust Merrill Lynch (closed to new business as of February 1, 2002) ML Basic Value Focus Trust ML Developing Capital Markets Trust ML Special Value Focus Trust MFC Global Investment Management Balanced Trust (merged into Income & Value (Capital Guardian) May 3, 2004) Quantitative Equity Trust (merged into US Large Cap (Capital Guardian) May 3, 2004) Quantitative Mid Cap Trust (merged April 25, 2008, into MFC Mid CAp Index) International Index Trust (closed to new money and transfers May 3, 2004) Rowe Price -- Flem(replaced by DeAM November 25, 2002) International Stock Trust (see DeAM) SsgA (replaced by DeAM November 25, 2002) Growth Trust (name changed to All Cap Core Trust -- see DeAM) Sustainable Growth Advisers, LP U.S. Global Lenders Growth Trust (merged April 25, 2008 into T. Rowe Blue Chip; added May 3, 2004) Internet Technologies managed by Munder (merged into Science & Technology Trust May 2, 2003 -- See T. Rowe Price) Mid Cap Opportunities managed by Putnam (merged into Dynamic Growth Trust May 2, 2003 -- See DeAM) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 4 of 6 Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS WEALTHMARK & WEALTHMARK ML3 VERSIONS OF VENTURE & VENTURE III ADDED OCTOBER 7, 2002 VARIABLE FUNDS Davis Selected Advisers, L.P. Fundamental Value Trust (added May 3, 2007 as replacement for DWS Davis Venture Value VIP) Declaration Management & Research LLC JHT Active Bond Trust (added May 3, 2007, as replacement for DWS High Income VIP and DWS Strategic Income VIP) JHT Bond Index Trust (added May 3, 2007, as replacement for DWS Bond VIP) Deutsche Investment Management Americas Inc. JHT All Cap Core Trust (added May 3, 2007, as replacement for Alger Leveraged AllCap Portfolio) JHT Real Estate Securities Trust (added May 3, 2007, as replacement for DWS RREEF Real Estate Securities VIP) John Honcock Trust (added May 1, 2006) Lifestyle Aggressive Lifestyle Balanced Lifestyle Conservative Lifestyle Growth Lifestyle Moderate MFC Global Investment Management (U.S.A) Limited American Fundamental Holdings Trust (added November 12, 2007) American Global Diversification Trust (added November 12, 2007) JHT 500 Index Trust B (added May 3, 2007, as replacement for DWS Capital Growth VIP, DWS Growth and Income VIP and DWS Equity 500 Index VIP) JHT Index Allocation Trust (added May 3, 2007, as replacement for Alger American Balanced Portfolio, DWS Balanced VIP, DWS Mid Cap Growth VIP, and DWS Turner MidCap Growth VIP) JHT Mid Cap Index Trust (added May 3, 2007, as replacement for MidCap Stock Portfolio) JHT Money Market Trust (added May 3, 2007, as replacement for DWS Government & Agency Securities VIP and DWS Money Market VIP) JHT Quantitative All Cap Trust (added May 3, 2007, as replacement for Dreyfus Socially Responsible Growth Fund, Inc., DWS Dreman High Return Equity VIP, and DWS Janus Growth and Income VIP) JHT Quantitative Mid Cap Trust (added May 3, 2007) JHT Quantitative Value Trust (added May 3, 2007, as replacement for DWS Large Cap Value VIP) JHT Small Cap Index Trust (added May 3, 2007, as replacement for DWS Dreman Small Mid Cap Value VIP and DWS Small Cap Growth VIP) JHT Total Stock Market Index Trust (added May 3, 2007, as replacement for AIM V.I. Utilities Fund, DWS Blue Chip VIP, DWS Health Care VIP, and DWS Technology VIP) SSgA Funds Management, Inc, JHT International Equity Index Trust (added May 3, 2007, as replacement for DWS International Select Equity VIP, Credit Suisse Trust Emerging Markets Portfolio, and Credit Suisse Trust Global Small Cap Portfolio) Templeton Global Advisors Limited JHT Global Trust (added May 3, 2007, as replacement for DWS Global Thematic VIP and DWS Global Opportunities VIP) Templeton Investment Counsel, LLC JHT International Value Trust (added May 3, 2007, as replacement for DWS International VIP) FIXED FUNDS One Year DCA Twelve Month DCA Six Month Additional Fixed Funds available to Wealthmark contracts with a 7 year CDSC (since October 7, 2002) Three Year Five Year Seven Year John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 5 of 6 Effective September 17, 2001 Amendment 9 SCHEDULE B INVESTMENT FUNDS SECTION OF HISTORICAL CHANGES (FUNDS NO LONGER OFFERED) Scudder Variable Series I (Class B Shares) 21st Century Growth Portfolio (merged April 29, 2005, into Scudder Small Cap Growth) DWS (formerly Scudder Variable Series II (Class B Shares) DWS Conservative Allocation VIP (replaced May 3, 2007 by JHT Lifestyle Moderate Trust) DWS Core Fixed Income VIP (name changed May 1, 2006; formerly Fixed Income; name changed May 1, 2003; formerly Investment Grade Bond Portfolio) DWS Dreman Financial Services VIP (merged September 15, 2006 into Dreman High Return Equity) DWS Growth Allocation VIP (replaced May 3, 2007 by JHT Lifestyle Growth Trust) DWS Income Allocation VIP (merged September 15, 2006, into DWS Conservative Allocation; name changed May 1, 2006; formerly Conservative Income Strategy Portfolio; added August 1, 2004) DWS Janus Growth Opportunities VIP (merged December 8, 2006, into DWS Capital Growth VIP) DWS Mercury Large Cap Core VIP (merged December 8, 2006, into DWS Growth & Income VIP; added November 15, 2004) DWS MFS Strategic Value VIP (merged September 15, 2006, into Dreman High Return Equity) DWS Moderate Allocation VIP (replaced May 3, 2007 by JHT Lifestyle Balanced Trust) DWS Oak Strategic Equity VIP (merged December 8, 2006, into DWS Capital Growth VIP) DWS SBAM Dynamic Growth VIP (Fund was reassigned to Wellington in 2008 and merged effective 4/25/2008 into Wellington Mid Cap Stock; fund manager changed August 1, 2005; formerly managed by INVESCO) DWS Templeton Foreign Value VIP (merged December 8, 2006 into DWS International VIP; added November 15, 2004) Eagle Focused Large Cap Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Focus Value+Growth Portfolio (merged April 29, 2005, into Scudder Growth & Income) Growth Portfolio (merged April 29, 2005, into Scudder Capital Growth) Legg Mason Aggressive Growth Portfolio (merged December 8, 2006 into DWS Capital Growth) John Hancock Life of NY, Agreement No. 2001-41NY (GMIB), Page 6 of 6 Effective September 17, 2001 Amendment 9