AMENDMENT TO PARTICIPATION AGREEMENT Among
Exhibit 99.24(b)(8)(d)(1)
AMENDMENT TO PARTICIPATION AGREEMENT
Among
X. XXXX PRICE EQUITY SERIES, INC.,
X. XXXX PRICE FIXED INCOME SERIES, INC.,
X. XXXX PRICE INVESTMENT SERVICES, INC.
And
SOUTHERN FARM BUREAU LIFE INSURANCE COMPANY
THIS AMENDMENT is made and entered into as of the 16th day of January, 2008 (hereinafter the “Effective Date”) by and among Southern Farm Bureau Life Insurance Company (hereinafter the “Company”), a Mississippi insurance company, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A to this Amendment, and the undersigned funds, each, a corporation organized under the laws of Maryland (each hereinafter referred to as the “Fund”), and X. Xxxx Price Investment Services, Inc. (hereinafter the “Underwriter”), a Maryland corporation.
WHEREAS, the Company, the Fund and the Underwriter entered into a Participation Agreement dated July 8, 1999 (herein the “Participation Agreement”), to facilitate the purchase by the Company, on behalf of certain segregated asset accounts of the Company, shares in certain portfolios of securities managed by the Fund;
WHEREAS, the Company, the Fund and the Underwriter entered into an Amendment to Participation Agreement dated September 5, 2001, to amend certain provisions of the Participation Agreement;
WHEREAS, the Company, the Fund and the Underwriter entered into an Amendment to Participation Agreement dated February 15, 2006, to further amend certain provisions of the Participation Agreement;
WHEREAS, the Company, the Fund and the Underwriter desire to further amend certain provisions of the Participation Agreement;
NOW THEREFORE, for and in consideration of the mutual promises of the parties and other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Company, the Fund and the Underwriter hereby agree as follows:
1. Schedule A to the Participation Agreement is hereby amended by substituting in its place and stead Schedule A attached hereto and made a part hereof.
2. Except as hereinabove expressly modified or amended, all of the terms and conditions contained in the Participation Agreement, as previously amended, shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative as of the Effective Date.
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COMPANY: |
SOUTHERN FARM BUREAU LIFE |
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INSURANCE COMPANY |
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By its authorized officer |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Name: Xxxxxx X. Xxxxxx |
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Title: Senior Vice President, General Counsel and Secretary |
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FUND: |
X. XXXX PRICE EQUITY SERIES, INC. |
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By its authorized officer |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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FUND: |
X. XXXX PRICE FIXED INCOME SERIES, INC. |
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By its authorized officer |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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UNDERWRITER: |
X. XXXX PRICE INVESTMENT SERVICES, INC. |
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By its authorized officer |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Name: Xxxxxxx X. Xxxxxx |
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Title: Vice President |
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2
SCHEDULE A
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Name of Separate Account and |
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Contracts Funded by |
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Designated Portfolios |
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Southern Farm Bureau Life Variable Account |
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Flexible Premium |
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X. Xxxx
Price Equity Series, Inc. Portfolio · X. Xxxx Price Blue Chip Growth Portfolio |
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X. Xxxx Price Fixed Income Series, Inc. |
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Southern Farm Bureau Life Variable Life |
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Non-Participating |
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X. Xxxx Price Equity Series, Inc. Portfolio · X. Xxxx Price Blue Chip Growth Portfolio |
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X. Xxxx Price Fixed Income Series, Inc. |
PA Amend Sch A 2008
