EXHIBIT 24(C)(8)(G)(VII)
AMENDMENT NO. 7 TO PARTICIPATION AGREEMENT
AMONG XXXXXXXXXXX VARIABLE ACCOUNT FUNDS,
OPPENHEIMERFUNDS, INC. AND
MINNESOTA LIFE INSURANCE COMPANY
This Amendment No. 7 is incorporated in and made a part of the Participation
Agreement (the "Agreement") as of the 1/st/ of August, 2010, by and among
Minnesota Life Insurance Company (hereinafter the "Company"), on its own behalf
and on behalf of one or more segregated asset accounts of the Company
(hereinafter the "Account"), Xxxxxxxxxxx Variable Account Funds (hereinafter
the "Fund") and OppenheimerFunds, Inc. (hereinafter the "Adviser"). The
following terms and conditions amend the terms of the Agreement and, in the
case of any conflict between the terms and conditions of the Agreement and the
terms and conditions of this Addendum, the language of this Addendum shall
control and govern. All capitalized and abbreviated terms defined in the
Agreement shall have the same definitions apply in this Addendum.
1. Schedule 1 of the Agreement is deleted and replaced with the Schedule 1
to this Addendum, attached hereto.
2. Schedule 2 of the Agreement is deleted and replaced with the Schedule 2
to this Addendum, attached hereto.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment No. 7
to the Agreement to be executed in its name and on its behalf by its duly
authorized representative as of August 1, 2010:
Company:
MINNESOTA LIFE INSURANCE
COMPANY
By its authorized officer,
/s/ Xxxxx X. Xxxx
------------------------------
By: Xxxxx X. Xxxx
Title: Executive Vice
President
Date:
Fund:
XXXXXXXXXXX VARIABLE ACCOUNT
FUNDS
By its authorized officer,
/s/ Xxxxx X. Xxxxxx
------------------------------
By: Xxxxx X. Xxxxxx
Title: Treasurer
Date: 09/02/10
Advisor:
OPPENHEIMERFUNDS, INC.
By its authorized officer,
/s/ Xxxxxxxxx X Xxxxx
------------------------------
By: Xxxxxxxxx Xxxxx
Title: SVP
Date: 9/1/2010
SCHEDULE 1
(AS AMENDED AUGUST 1, 2010)
Separate Accounts Products
Variable Annuity Account MultiOption Achiever Annuity
MultiOption Classic Annuity
MultiOption Advisor Annuity
MultiOption Legend Annuity
MultiOption Extra Annuity
Minnesota Life Variable Life Account Variable Adjustable Life
Variable Adjustable Life-Second Death
Variable Adjustable Life-Horizon
Variable Adjustable Life Summit
Variable Adjustable Life Survivor
Minnesota Life Variable Universal Life Account Variable Group Universal Life
SCHEDULE 2
(AS AMENDED AUGUST 1, 2010)
Portfolios of Xxxxxxxxxxx Variable Account Funds shown below do not include
service class shares unless expressly indicated:
Xxxxxxxxxxx Capital Appreciation Fund/VA - Service Shares
Xxxxxxxxxxx High Income Fund/VA - Service Shares
Xxxxxxxxxxx Main Street Fund/VA - Service Shares
Xxxxxxxxxxx Global Securities/VA - Non-Service Shares
