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(a) Net Contributions <br />The Net Contribution to the GFA is equal to the fatal Contributions less any applicable <br />Premium Taxes. <br />The Net Contribution for the Separate Account (determined in accordance with the account <br />allocation. percentages elected) is applied to provide Separate Account Accumulation Units. <br />The number of Accumulation Units credited to each variable account is determined by <br />dividing $ie net Co~ributian for that account by the dollar value of one Accumulation Unit <br />nerd computed after the receipt in Good Order of the Contribution by the Compaq. <br />Notvvithstandnag anytliing to the co~aitra~y herein, Method One for Valuation ofSub-Account <br />Assets w1t not be applicable to this GFA. <br />(b) Method One for Valuation of Sub-Account Assets <br />(i) Net Investment Factor <br />For Grroup(s} A or B as specified in the Specification Section of this GFA, the net <br />investment factor for each Sub-Account in each of the Separate Accounts for any day is <br />equal to the gross investment factor for each Sub-Account in the Separate AccouatS, less <br />applicable deductions by the Company for the deduction for Program and Administrative <br />Expenses as set forth under the GFA Specifications section of this GFA., expressed in <br />deamal form to at least six (6) decimal places. The gross investment factor for aSub- <br />Account i.s (a) the value of that Sub-Account on the previous Valuation Day plus its <br />investment income for the Valuation Day plus its capital gains and minus its capital losses, <br />whether realized. or tmrealized, and less a deduction for any applicable taxes arising from <br />the income and the realized and wuealized capital gains attributalale to that Sub-Accourrt, <br />divided by (b) the value of that Sub-Account on the previous Valuation Day: <br />(ll) ~CCilIIlUlatlOn Urllt Value <br />The value of an Accumulation Unit for each Suh-Account of a Separate Account was fixed <br />at an initial fixed value on the date the Sub-A.ccourrt was initially established. The value of <br />the respective Accumulation Units for any subsequent day is deternuned by multiplying the <br />Accumulation Unit value for the preceding day by the net investment factor for tiaat Sub- <br />Accountforthe current day. <br />(iii) Distributed Earnings <br />For Group(s) A or B as specified in foe Specification Section of this GFA., dista~buted <br />earnings, which most commonly include dividends and capital gains, with respect tv the <br />undetiying Funds, will be credited to GFA Owners by increasing the value of units of <br />interest held under this GFA. <br />HL-16553 18 <br />