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Exhibit 10.14
AMENDMENT NO. 1 TO MARKETING AGREEMENT
DATED MARCH 28, 1997
BETWEEN
SUNAMERICA LIFE INSURANCE COMPANY ("COMPANY")
AND
NSM SALES CORPORATION ("NSM")
WHEREAS, both parties desire to amend Section V (Exclusivity Rights and
Obligations) in the above-referenced Agreement;
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is acknowledged, the parties, intending to be legally bound, agree as
follows:
1. The last sentence of Paragraph A, Section V is amended to read:
If NSM fails to meet the minimum sales levels in any
given period, the Company may terminate the exclusivity
rights granted to NSM as set forth above; provided,
however, if on July 15, 1997, the Company is unable, for
whatever reason, to issue the Exclusive Policies in the
Company's name and on the Company's data processing
systems in those states that collectively accounted for
70% of NSM's 1996 sales of the corresponding Xxxx Xxxxx
Life Insurance Company annuity products, the minimum
sales level for the period of April 1, 1997 to
September 30, 1997 will be waived by the Company.
This amendment shall become effective on March 28, 1997.
All other terms and provisions and conditions of said Marketing Agreement shall
remain in full force and effect.
SunAmerica Life Insurance Company NSM Sales Corporation
By: /s/ Illegible Signature By: /s/ Xxxx X. Xxxxxxx
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Title: Executive Vice President Title: Senior Vice-President
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