EXHIBIT 26(h)(22)(v)
AMENDMENT
TO
PARTICIPATION AGREEMENT
AMONG
MINNESOTA LIFE INSURANCE COMPANY,
PIMCO VARIABLE INSURANCE TRUST,
AND
PIMCO INVESTMENTS LLC
THIS AMENDMENT ("Amendment") is made as of May 1, 2013 by and among PIMCO
Investments LLC ("PI"), PIMCO Variable Insurance Trust (the "Fund") and
Minnesota Life Insurance Company (the "Company").
WHEREAS, the Company, the Fund and Allianz Global Investors Distributors LLC
("AGID") entered into a Participation Agreement dated April 9, 2010, as amended
(the "Agreement"); and
WHEREAS, all of AGID's rights, titles and interests and duties, liabilities
and obligations under the Agreement were irrevocably novated and transferred to
PI through a Novation of and Amendment to Participation Agreement dated
March 15, 2011 by and among AGID, PI, the Fund and the Company; and
WHEREAS, terms of the Agreement contemplate that it may be amended with the
mutual agreement of the parties; and
WHEREAS, the parties desire to amend the Agreement by deleting the current
Schedule A in its entirety and replacing it with the Schedule A attached
hereto; and
WHEREAS, all other terms of the Agreement shall remain in full force and
effect;
NOW, THEREFORE, in consideration of their mutual covenants herein contained
and for other good and valuable consideration, the Company, the Fund and PI
agree to amend the Agreement as follows:
1. The existing Schedule A is deleted in its entirety and replaced with the
accompanying Schedule A.
2. Except as set forth above, the Agreement shall remain in full force and
effect in accordance with its terms.
3. This Amendment may be executed in one or more counterparts, each of
which shall be deemed to be an original, and all of which taken together
shall constitute one and the same Amendment.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to
the Agreement to be executed in its name and on its behalf by its duly
authorized representative as of the date specified below.
PIMCO INVESTMENTS LLC
By: /s/ Xxxxxxx X. Xxxxxx
--------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Head of Business
Management
PIMCO VARIABLE INSURANCE TRUST
By: /s/ Xxxx X. Xxxxxxx
--------------------------
Name: Xxxx X. Xxxxxxx
Title: Vice President
MINNESOTA LIFE INSURANCE COMPANY
By: /s/ Xxxxxx Xxxxx
--------------------------
Name: Xxxxxx Xxxxx
Title: Second Vice President and
Actuary
SCHEDULE A
The term "Designated Portfolio" of the Fund will include any currently offered
class of any Portfolio of the Fund (as listed below) as well as any Portfolio
of the Fund or any share class of any Portfolio (now existing or hereafter
created) created subsequent to the date hereof.
DESIGNATED PORTFOLIO/CLASSES:
Advisor Class Shares
--------------------
Low Duration Portfolio
Total Return Portfolio
Global Diversified Allocation Portfolio
SEGREGATED ASSET ACCOUNTS:
Variable Annuity Account
Minnesota Life Variable Life Account
