EXHIBIT 26(h)(7)(iv)
AMENDMENT NO. 3 TO PARTICIPATION AGREEMENT
AMONG XXXXXXXXXXX VARIABLE ACCOUNT FUNDS,
OPPENHEIMERFUNDS, INC. AND
MINNESOTA LIFE INSURANCE COMPANY
This Amendment No.3 is incorporated in and made a part of the
Participation Agreement (the" Agreement") made as of the 1st day of March 1,
2004, 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.
IN WITNESS WHEREOF each of the parties hereto has caused this Amendment No.1
to the Agreement to be executed in its name and on its behalf by its duly
authorized representative as of March 1, 2004:
Company:
--------
MINNESOTA LIFE INSURANCE COMPANY
By its authorized officer,
/s/ Xxxxxx X. Xxxxx
By: Xxxxxx X. Xxxxx
Title: 2nd Vice President and Actuary
Date: June 30, 2004
Fund:
-----
XXXXXXXXXXX VARIABLE ACCOUNT FUNDS
By its authorized officer,
/s/ Xxxxxxxx X. Xxxx
By: Xxxxxxxx X. Xxxx
Title: Assistant Secretary
Date: June 30, 2004
Advisor:
--------
OPPENHEIMERFUNDS, INC.
By its authorized officer,
/s/ Xxxxxxxxx Xxxxxx
By: Xxxxxxxxx Xxxxxx
Title: Vice President
Date: June 30, 2004
SCHEDULE 1
(AS AMENDED MARCH 1, 2004)
Separate Accounts Products
----------------- --------
Variable Annuity Account Achiever Multi-Option Annuity
Multi-Option Classic Annuity
Multi-Option Advisor Annuity
Minnesota Life Variable Life Account Variable Adjustable Life
Variable Adjustable Life-Second Death
Variable Adjustable Life-Horizon
Variable Adjustable Life Summit
