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EXHIBIT 10.34
Financial Support for Direct Marketing Agreement
Translated From Japanese
IA Partner Co Ltd (will be referred as A ) and Aflac Co Ltd. (will
be referred
as B) shall enter into an agreement which B shall pay financial aid
for A at the
end of 2006 to support that A enhances sales of insurance contract
and generates
results, based on the articles below.
Article 1: Payment of
Financial support for Direct Marketing
1. A agrees that
to have 150 seats for agent service of B (will be referred as
Priority Seats) until the end of December in 2006. And A shall
maintain the
number of Priority Seats until the end of December in 2007.
2. B agrees to
put * yen (including Tax) into an approved bank account by the
end
of December in 2006. B should also pay a bank commission.
Article 2: Payment
Penalties
1. In case that
A can not have up to 150 Priority Seats by the end of December
in
2006, or that A can not maintain the number of 150 Priority Seats
until
the
end of December in 2007, A must pay penalties to B, which will
be
calculated as the number of missing Priority Seats times * yen.
2. In case that
the Annualized insurance fee of new contract (will be referred
as
New Contract AP) in Year 2007(2007/1/1-2007/12/31) gets below *
yen, A
must
pay penalties as below. A should also pay a bank commission.
o New
Contract AP no less than * under * (not including *): 5% of
Financial support
o New
Contract AP no less than * under * (not including *): 10% of
Financial support
o New
Contract under *: 50 % of Financial support
[*] = CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND
FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT
HAS BEEN
REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. OMITTED TEXT IS
INDICATED BY A
"*".
<PAGE>
3. A must pay
the amount of Financial Support as penalty if cases below
happen
in
Year 2007.
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