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EXHIBIT 10.(f)
CAPITAL SUPPORT AGREEMENT
This Capital Support Agreement ("Agreement"), dated as of March 2,
2009, is by
and between Ameriprise Financial, Inc. ("Parent"), a Delaware
corporation, and
Ameriprise Certificate Company ("ACC"), a Delaware corporation and
wholly owned
subsidiary of Parent. Parent and ACC are sometimes
individually referred to
herein as a "Party" and collectively as the "Parties."
RECITALS:
A. Parent is the sole shareholder of
ACC; and
B. Parent and ACC desire to ensure
that ACC continues to operate safely and
soundly and with a
reasonable level of capital while also allowing
Parent to manage
Parent's capital efficiently.
In consideration of the
following agreements and covenants and other
good and valuable consideration, the receipt and sufficiency of
which are
acknowledged, the Parties agree as follows:
AGREEMENT:
1. Commitment of Capital.
Parent shall, subject to the conditions set
forth below in this
Agreement, take such actions as may be necessary and
appropriate to cause ACC
to maintain during the term of this Agreement
the amount of capital
necessary for ACC to satisfy the minimum capital
requirements established
by the federal, state, local or foreign
governmental or
regulatory authority, agency or commission, court or
other legislative,
executive or judicial governmental entity, or
governmental or
non-governmental self-regulatory organization having
primary jurisdiction
over the capital standards of ACC (the "Applicable
Capital
Requirement").
2. Limitations. Notwithstanding
Section 1 of this Agreement, Parent's
obligation to provide,
or cause to be provided, capital under this
Agreement is limited to
an aggregate amount of no more than $115,000,000
(the "Maximum Capital
Amount").
3. Quarterly Provision of
Capital. Parent's obligation to provide capital
pursuant to Section 1
shall arise at any time at which ACC does not have
an amount of capital
sufficient to satisfy the Applicable Capital
Requirement. Such
obligation shall be calculated based upon the monthly
regulatory filings made
by ACC with respect to its Applicable Capital
Requirement. All
infusions or other provisions of capital related to
Parent