AMENDMENT NO. 1 PARTICIPATION AGREEMENT

AMENDMENT NO. 1

PARTICIPATION AGREEMENT

     The Participation Agreement (the “Agreement”), dated June 1, 2010, by and among AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware Trust (“AVIF (IVIF)”), Invesco Distributors, Inc., a Delaware corporation (“INVESCO”), Ohio National Life Assurance Corporation, an Ohio life insurance company (“LIFE COMPANY”), on behalf of itself and each of its segregated asset accounts listed in Schedule A hereto, as the parties hereto may amend from time to time (each, an “Account,” and collectively, the “Accounts”); and Ohio National Equities, Inc., an affiliate of LIFE COMPANY and the principal underwriter of the Contracts (“UNDERWRITER”) (collectively, the “Parties”), is hereby amended as follows:

     Schedule A of the Agreement is hereby deleted in its entirety and replaced with the following:

SCHEDULE A

FUNDS AVAILABLE UNDER THE CONTRACTS

Invesco V.I. Balanced-Risk Allocation Fund
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco Xxx Xxxxxx V.I. International Growth Fund

SEPARATE ACCOUNTS UTILIZING THE FUNDS

Ohio National Variable Account R

CONTRACTS FUNDED BY THE SEPARATE ACCOUNTS

Variable universal life policies, including:

Virtus VUL
GP VUL
Vari-Vest Survivor
Vari-Vest Asset Builder
Vari-Vest V
Vari-Vest IV
Vari-Vest III
Vari-Vest II
Vari-Vest I

[Signature Pages Follow]

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All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

Effective date: January 1, 2012.

				AIM VARIABLE INSURANCE FUNDS
				(INVESCO VARIABLE INSURANCE FUNDS)
Attest:		/s/ Xxxxxxx Xxxxxxx		By:		/s/ Xxxx X. Xxxx
Name:		Xxxxxxx Xxxxxxx		Name:		Xxxx X. Xxxx
Title:		Assistant Secretary		Title:		Senior Vice President

				INVESCO DISTRIBUTORS, INC.
Attest:		/s/ Xxxxxxx Xxxxxxx		By:		/s/ Xxxx X. Xxxxxx
Name:		Xxxxxxx Xxxxxxx		Name:		Xxxx X. Xxxxxx
Title:		Assistant Secretary		Title:		President
				OHIO NATIONAL LIFE ASSURANCE CORPORATION, on behalf of itself and its separate accounts

Attest:		/s/ Xxxxxxx X. XxXxxxxxx		By:		/s/ Xxxxxx X. Xxxxxxxxx
Name:		Xxxxxxx X. XxXxxxxxx		Name:		Xxxxxx X. Xxxxxxxxx
Title:		Secretary		Title:		EVP/CMO

OHIO NATIONAL EQUITIES, INC.

Attest:		/s/ Xxxxxxxx Xxxxxx		By:		/s/ Xxxxxx X. Xxxxxxxxx
Name:		Xxxxxxxx Xxxxxx		Name:		Xxxxxx X. Xxxxxxxxx
Title:		Assistant Secretary		Title:		EVP/CMO

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