EXHIBIT 26(H)(24)(V)
SECOND AMENDMENT TO BUSINESS AGREEMENT
This Second Amendment, effective as of May 1, 2014, further amends the
Business Agreement (the "Agreement") dated the 7th day of January, 2011, by and
among Minnesota Life Insurance Company ("Insurance Company"); Securian
Financial Services, Inc. (the "Distributor"); American Funds Distributors, Inc.
("AFD"), and Capital Research and Management Company ("CRMC"). All capitalized
terms used herein and not otherwise defined shall have the meaning ascribed
such terms in the Agreement.
WHEREAS, the parties desire to amend the Agreement to eliminate the
marketing expense allowance;
NOW, THEREFORE, in consideration of the foregoing and of mutual
covenants and conditions set forth herein and for other good and valuable
consideration, Insurance Company, Distributor, AFD and CRMC hereby agree as
follows:
1. Provision 1 (h) of the Agreement is hereby deleted and replaced with the
following:
"Insurance Company agrees to provide information (in writing) to AFD and
CRMC on a monthly basis, regarding the gross sales of each Fund offered
as an underlying investment under the Contracts."
Except as expressly supplemented, amended or consented to hereby, all of the
representations and conditions of the Agreement will remain unamended and will
continue to be in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first above written.
MINNESOTA LIFE INSURANCE COMPANY (ON
BEHALF OF ITSELF AND EACH ACCOUNT) AMERICAN FUNDS DISTRIBUTORS, INC.
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxxxx X. XxXxxx
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Name: Xxxxx X. Xxxx Name: Xxxxxxx X. XxXxxx
Title: Executive Vice President Title: Secretary
SECURIAN FINANCIAL SERVICES, INC. CAPITAL RESEARCH AND MANAGEMENT
COMPANY
By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxx
Title: Sr. Vice President and
President & CEO Title: Secretary
