Exhibit No. EX-99(h)(8)(a)
AMENDMENT NO. 1 TO FUND PARTICIPATION AGREEMENT
This Amendment No. 1 dated as of the ___ day of May, 2006, is to the Fund
Participation Agreement entered into on May 2, 2005, made by and among
Nationwide Financial Services, Inc. (including any subsidiaries listed on
Exhibit A), Gartmore Mutual Fund Capital Trust, which serves as adviser and
Gartmore Distribution Services, Inc., which serves as distributor to the
Gartmore Variable Insurance Trust (the "Trust") with respect to its series of
shares of beneficial interest (each, a "Fund", and collectively, the "Funds").
In this Agreement, Gartmore Mutual Fund Capital Trust and Gartmore Distribution
Services, Inc. are collectively referred to as "Gartmore."
WHEREAS, Nationwide Financial Services, Inc. ("NFS") or a subsidiary or
affiliate thereof (collectively referred to as "NFS Affiliate/Subsidiary")
provides administrative and/or recordkeeping services to variable contracts,
which may include, but are not limited to, variable annuity contracts, variable
life insurance policies and various retirements plans, which meet the definition
of retirement plans under Sections 401, 403 and 457 of the Internal Revenue Code
of 1986, as amended (the "Code") (collectively, "Contracts"); and
WHEREAS, NFS Affiliate/Subsidiary may issue variable annuity contracts and
variable life insurance policies through separate accounts ("Variable Accounts")
as listed on Exhibit A; and
WHEREAS, the Contracts allow for the allocation of net amounts received by NFS
to sub-accounts which correspond to each Fund for investment in shares of the
Funds; and
WHEREAS, selection of a particular sub-account is made by the contract owner or
by participants in various types of retirement plans and such contract owners
and/or participants may reallocate their investment options among the
sub-accounts in accordance with the terms of the Contracts; and
WHEREAS, NFS and Gartmore mutually desire the inclusion of the Funds as
investment options for the Contracts; and
WHEREAS, the primary purpose of this Amendment is to update Exhibit C; and
NOW, THEREFORE, NFS and Gartmore mutually agree as follows:
1. Exhibit C to the Fund Participation Agreement is amended to update the
current list of funds and fee payments.
2. All other terms and conditions within the Fund Participation Agreement remain
the same.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be
executed as of the date written above.
NATIONWIDE FINANCIAL SERVICES, INC.
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By: Xxxxx X. Xxxxxx
Title: Attorney-in-Fact
GARTMORE MUTUAL FUND CAPITAL TRUST
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By: Xxxxxx X. Xxxxxxx
Title: Senior Vice President
GARTMORE DISTRIBUTION SERVICES, INC.
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By: Xxxxxx X. Xxxxxxx
Title: Senior Vice President
EXHIBIT C
TO FUND PARTICIPATION AGREEMENT
(amended as of April __, 2005)
GVIT Funds Basis Points per annum
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Variable Annuity and Variable Life: 35 bps
Class I, Class III, and Class IV - All funds, except those otherwise noted
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Class II - All Funds 50 bps
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Class VI - All Funds 50 bps
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Class VII - All Funds 65 bps
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Class VIII - All Funds 65 bps
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Money Market Fund, Class I 25 bps
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Money Market Fund, Class V 20 bps
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Money Market Fund, Class II 40 bps
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GVIT Investor Destinations Funds 40 bps
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GVIT Mid Cap Index Class I - Products launched before 11/1/97 30 bps
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GVIT Mid Cap Index Class I - Products launched on or after 11/1/97 25 bps
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Gartmore GVIT Global Health Sciences Class III - Choice Venue Product Only 50 bps
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Gartmore GVIT U.S. Growth Leaders Fund Class III - Choice Venue Product Only 50 bps
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2003 New VA/VL Menus:
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Xxx Xxxxxx GVIT Multi-Sector Bond Fund Class I 40 bps
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Federated GVIT High Income Bond Fund Class I 40 bps
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Class IV Shares of specific GVIT funds (Provident Distribution Only):
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Equity 500 Fund 10 bps
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Mid Cap Growth Fund 18 bps
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Money Market Fund 15 bps
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457 and 401(k)
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Equity Funds 40 bps
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Fixed Income 35 bps
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Money Market Fund 25 bps
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Nationwide Trust Company Program - One-Time Set-Up Fee for funds added to the
program beginning in October, 2002 $1,500
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Nationwide Advisory Services (Wrap) Program - One Time Set-Up Fee for Funds $1,500
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Nationwide Advisory Services (Wrap) Program - Annual Maintenance Fee $1,000
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