EXHIBIT 1A(8)(a)
Stock Sale Agreement
104
STOCK SALE AGREEMENT
Agreement dated October 16, 1986, between THE LIFE INSURANCE COMPANY OF
VIRGINIA, a stock company organized under the laws of Virginia ("LOV"), and LIFE
OF VIRGINIA SERIES FUND, INC., a corporation organized under the laws of
Virginia (the "Fund"):
WITNESSETH:
WHEREAS, the Fund will serve as the investing medium for Life of Virginia
Separate Account II established by LOV ("Separate Account") under Section
38.1-443 of the Code of Virginia; and
WHEREAS, the Fund desires to sell its shares to the Separate Account, to
LOV itself and to organizations approved by LOV (the Separate Account, LOV and
the other organizations being herein collectively called "Prospective
Purchasers"); and
WHEREAS, some of the prospective purchasers desire to purchase shares of
the Fund and other prospective purchasers may desire to do so.
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein contained and other good and valuable consideration the receipt
of which is hereby acknowledged, the parties hereto, intending to be legally
bound hereby, agree as follows:
1. Sales of Shares to Prospective Purchasers. The fund will sell its shares
at the "net asset value" of such shares (as defined in the preliminary
prospectus forming part of the
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registration statement of the Fund, Registration No. 2-91369 under the
Securities Act of 1933) to such of the prospective purchasers as shall
request to Fund to sell its shares to them. Such sales will be made:
IN WITNESS WHEREOF, the parties hereto have caused this agreement to be
executed in their corporate names, all as of the date first above written.
THE LIFE INSURANCE COMPANY
OF VIRGINIA
ATTEST; By:
___________________ _____________________
Secretary Xxxx X. Xxxxxx
Senior Vice President
LIFE OF VIRGINIA SERIES
FUND, INC.
ATTEST: By:
___________________ _____________________
Secretary Xxxx X. Xxxxx
President
106
AMENDMENT TO STOCK SALE AGREEMENT
The Stock Sale Agreement dated September 3, 1986 between The Life Insurance
Company of Virginia ("LOV") and Life of Virginia Series Fund, Inc. (the "Fund")
pursuant to which shares of the Fund are sold to Life of Virginia Separate
Account II is hereby amended by the addition of the following paragraph:
5. The Fund shall furnish all state insurance regulatory authorities,
including, but not limited to, the California Insurance Commissioner,
with any information or reports in connection with services provided
under this agreement which such regulatory authorities may request in
order to ascertain whether the variable insurance product operations of
LOV are being conducted in a manner consistent with all applicable laws
and regulations, including, but not limited to, the California Variable
Life Insurance Regulations.
IN WITNESS WHEREOF, the parties hereto have caused this amendment to be executed
as of April 15, 1988.
THE LIFE INSURANCE COMPANY
OF VIRGINIA
ATTEST: By: Xxxxxxx X. Xxxxxxx
___________________ _____________________
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Assistant Secretary Senior Vice President
LIFE OF VIRGINIA SERIES
FUND, INC.
ATTEST: By:
___________________ _____________________
Assistant Secretary Xxxx X. Xxxxxx
President
108
EXHIBIT 1A (8)(a)(i)
Amendment to Stock Sale Agreement between the Life Insurance
Company of Virginia and Life of Virginia Series Fund, Inc.
109
AMENDMENT TO STOCK SALE AGREEMENT
The Stock Sale Agreement dated September 3, 1986 between The Life Insurance
Company of Virginia ("LOV") and Life of Virginia Series Fund, Inc. (he "Fund")
pursuant to which shares of the Fund are sold to Life of Virginia Separate
Account II is hereby amended by the addition of the following paragraph:
6. LOV shall have the right, at all reasonable times, to inspect, audit
and copy all records of the Fund that pertain to the Fund's performance
of its obligations under this agreement.
IN WITNESS WHEREOF, the parties hereto have caused this amendment to be executed
as of June 6, 1988.
THE LIFE INSURANCE COMPANY
OF VIRGINIA
ATTEST: By:
____________________ ______________________
Assistant Secretary Xxxxxxx X. Xxxxxxx
Senior Vice President
LIFE OF VIRGINIA SERIES
FUND,INC.
ATTEST: By:
____________________ ______________________
Assistant Secretary Xxxx X. Xxxxxx
President
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