EXHIBIT (8)(e)(2)
-----------------
AMENDED SCHEDULE A TO PARTICIPATION AGREEMENT
AMENDMENT NO. 3 TO
PARTICIPATION AGREEMENT
AMONG
WRL SERIES FUND, INC.,
WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO,
PFL LIFE INSURANCE COMPANY
AND
AUSA LIFE INSURANCE COMPANY, INC.
Amendment No. 3 to the Participation Agreement ("Agreement"), dated July 1,
1992, as amended, among WRL Series Fund, Inc. (the "Fund"), Western Reserve Life
Assurance Co. of Ohio ("WRL"), PFL Life Insurance Company (the "PFL") and AUSA
Life Insurance Company, Inc. ("AUSA Life").
WHEREAS, PFL has, by resolution of its Board of Directors, duly organized
and established the Mutual Fund Account (the "Account") as a segregated asset
account to receive, set aside and invest assets attributable to net premiums and
payments received under certain variable annuity contracts and/or variable life
insurance policies (both the contracts and policies, collectively, "Policies");
and
WHEREAS, PFL has registered or will register the Account as a unit
investment trust under the Investment Company Act of 1940; and
WHEREAS, to the extent permitted by applicable insurance law and
regulation, PFL intends to purchase shares in one or more of the Portfolios of
the Fund to fund the Policies on behalf of the Account, as specified in Schedule
A attached to the Agreement, as such Schedule A is amended by this Amendment No.
3, and as Schedule A may be amended from time to time; and
WHEREAS, the Fund intends to sell shares of the Portfolio(s) to the Account
at net asset value; and
NOW, THEREFORE, IT IS HEREBY AGREED that PFL, for its Mutual Fund Account,
is authorized to acquire shares issued by the Fund, subject to the terms and
conditions of this Agreement, and that Schedule A to the Participation Agreement
is hereby amended to add the Mutual Fund Account as an additional "Account"; to
add the Atlas Portfolio Builder Variable Annuity issued by PFL to the list of
"Policies"; and to add the C.A.S.E. Growth Portfolio, the Value Equity
Portfolio, the Global Sector Portfolio, the International Equity Portfolio and
the U.S. Equity Portfolio of the WRL Series Fund, Inc.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed in its name and on its behalf by its duly authorized representative,
effective as of May 1, 1997.
PFL LIFE INSURANCE COMPANY WRL SERIES FUND, INC.
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxx
----------------------- ---------------------------------
Title: President Title: President
-------------------- ------------------------------
AUSA LIFE INSURANCE WESTERN RESERVE LIFE
COMPANY, INC. ASSURANCE CO. OF OHIO
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxx
----------------------- ---------------------------------
Title: Vice President Title: Executive Vice President
-------------------- ------------------------------
AMENDED
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SCHEDULE A
----------
Effective May 1, 1997
Account(s), Policy(ies) and Portfolio(s) Subject
to the Participation Agreement
------------------------------
Accounts: PFL Endeavor Variable Annuity Account
-------- AUSA Life Endeavor Separate Account
Mutual Fund Account
PFL Variable Annuity Account A (Mutual Fund Account)
Policies: The Endeavor ML Variable Annuity
-------- The Endeavor FI Variable Annuity
The PFL Endeavor Platinum Variable Annuity
The AUSA Life Endeavor Variable Annuity
The Atlas Portfolio Builder Variable Annuity
Portfolios: WRL Series Fund, Inc. - Growth Portfolio
---------- WRL Series Fund, Inc. - Bond Portfolio
WRL Series Fund, Inc. - Money Market Portfolio
WRL Series Fund, Inc. - Global Portfolio
WRL Series Fund, Inc. - Short-to-Intermediate Government Portfolio
WRL Series Fund, Inc. - Strategic Total Return Portfolio
WRL Series Fund, Inc. - Emerging Growth Portfolio
WRL Series Fund, Inc. - Aggressive Growth Portfolio
WRL Series Fund, Inc. - Balanced Portfolio
WRL Series Fund, Inc. - Growth & Income Portfolio
WRL Series Fund, Inc. - C.A.S.E. Growth Portfolio
WRL Series Fund, Inc. - Value Equity Portfolio
WRL Series Fund, Inc. - Global Sector Portfolio
WRL Series Fund, Inc. - International Equity Portfolio
WRL Series Fund, Inc. - U.S. Equity Portfolio
