EXHIBIT (h)(22)(b)
FIRST AMENDMENT TO
PARTICIPATION AGREEMENT AMONG
AMERICAN GENERAL LIFE INSURANCE COMPANY,
AIG CAPITAL SERVICES, INC.,
VALIC COMPANY II AND
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
THIS FIRST AMENDMENT TO PARTICIPATION AGREEMENT ("Amendment") effective
as of August , 2014 amends the Participation Agreement dated as of April 30,
2013 (the "Agreement"), among AMERICAN GENERAL LIFE INSURANCE COMPANY (the
"Company"), on its own behalf and on behalf of the Separate Accounts of the
Company set forth on Schedule A of the Agreement (the "Account"), AIG CAPITAL
SERVICES, INC. (the "Underwriter") (formerly known as SunAmerica Capital
Services, Inc.), VALIC COMPANY II (the "Fund"), and THE VARIABLE ANNUITY LIFE
INSURANCE COMPANY (the "Adviser") (each, a "Party" and collectively, the
"Parties"). All capitalized terms not otherwise defined in this Amendment shall
have the same as ascribed in the Agreement.
WHEREAS, SunAmerica Capital Services, Inc. changed its name to AIG
Capital Services, Inc. effective February 28, 2014;
WHEREAS, the Company wishes to add a Contract that is not currently
covered under the Agreement but for which the Fund will act as an investment
vehicle;
WHEREAS, the Parties wish to amend Schedule A to the Agreement in order
to add an additional Contract; and
WHEREAS, the Parties wish to amend the Agreement in order to provide
that the Company may add new Variable Insurance Products and Separate Accounts
and new Portfolios of the Fund upon written notice; and
NOW, THEREFORE, in consideration of their mutual promises, the Parties
agree as follows:
1. Schedule A to the Agreement, a revised copy of which is attached hereto,
is hereby amended to add the following Contract, AG Platinum Choice VUL,
effective August 1, 2014.
2. The Parties acknowledge that from time to time the Company will
introduce new Variable Insurance Products for which the Fund will act as
an investment vehicle for certain of the Company's Accounts. In this
regard, the Parties agree that the Company
may, upon ten (10) days prior written notice to the other Parties, add
such new Variable Insurance Products and Separate Accounts of the
Company to Schedule A of the Agreement, and thereby amend Schedule A of
the Agreement.
3. The parties acknowledge that from time to time the Fund will make
additional Portfolios available to the Accounts of the Company. In this
regard, the Parties agree that the Company may, upon written notice to
the other parties, add such new Portfolios to Schedule D of the
Agreement, and thereby amend such schedule of the Agreement.
4. Except as amended hereby, the Agreement is hereby ratified and confirmed
in all respects.
IN WITNESS WHEREOF, each Party hereto has caused this Amendment to be
executed in its name and on its behalf by its duly authorized representative
hereto as of the date specified above.
AMERICAN GENERAL LIFE INSURANCE COMPANY, on behalf of itself and each of its
Accounts named in Schedule A hereto, as amended from time to time.
By:
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Name:
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Title:
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AIG CAPITAL SERVICES, INC.
By:
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Name:
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Title:
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VALIC COMPANY II
By:
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Name:
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Title:
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THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
By:
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Name:
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Title:
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SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS*
Name of Separate Account Name of Contracts funded by Separate Account
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Separate Account VL-R Income Advantage Select VUL
Protection Advantage Select VUL
AG Platinum Choice VUL
AG Separate Account A ElitePlus Bonus VA
The One(R) Multi-Manager VA
*The parties hereto agree that this Schedule A may be revised and replaced as
necessary to accurately reflect the Separate Accounts and Contracts covered
under this Agreement. Such agreement shall be reflected in a written
acknowledgement executed by all Parties.
