EXHIBIT h(68)(b)
AMENDMENT NO. 1
PARTICIPATION AGREEMENT
The Participation Agreement (the "Agreement"), dated February 26, 1999,
by and among AIM Variable Insurance Funds, a Delaware trust, A I M Distributors,
Inc., a Delaware Corporation, American General Life Insurance Company ("Life
Company"), a Texas life insurance company and American General Securities
Incorporated ("AGSI"), and collectively (the "Parties"), is hereby amended as
follows. All capitalized terms not otherwise defined in this Amendment, shall
have the same meaning as described in the agreement.
WHEREAS, American General Distributors, Inc. ("AGDI") is a Delaware
corporation and is registered as a broker-dealer under the 1934 Act and under
any appropriate regulatory requirements of state law, and is a member in good
standing of the NASD, and is an affiliate of AGSI and the Company;
WHEREAS, the Life Company and AGDI have entered into a Distribution
Agreement, dated November 1, 2000, which sets forth AGDI's duties as distributor
of the Contracts and replace the Distribution Agreement between the Life Company
and AGSI; and
WHEREAS, AGSI desires that AGDI replace AGSI as a party to the
Agreement.
NOW THEREFORE, in consideration of their mutual promises, the parties
agree as follows:
Effective on the date of the Distribution Agreement between the
Life Company and AGDI, indicated herein, AGDI will replace AGSI as
a party to the Agreement. All the duties and responsibilities of
AGSI shall become the duties and responsibilities of AGDI.
All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect.
Effective Date: November 1, 2000
AIM VARIABLE INSURANCE FUNDS
Attest: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------- -----------------------------
Name: Xxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx
Title: Assistant Secretary Title: President
(SEAL)
AIM DISTRIBUTORS, INC.
Attest: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
-------------------- -----------------------------
Name: Xxxxx X. Xxxxxx Name: Xxxxxxx X. Xxxxx
Title: Assistant Secretary Title: President
(SEAL)
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AMERICAN GENERAL LIFE INSURANCE
COMPANY
Attest: /s/ Xxxxxx X. Xxxxx By: /s/ Xxx X. Xxxx
-------------------------- ---------------------------------
Name: Xxxxxx X. Xxxxx Name: Xxx X. Xxxx
-------------------------- ---------------------------------
Title: Assistant Secretary Title:Executive Vice President
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(SEAL)
AMERICAN GENERAL DISTRIBUTORS, INC.
Attest: /s/ Xxxxxx X. Xxxxxx By: /s/ [Illeligible}
-------------------------- ---------------------------------
Name: Xxxxxx X. Xxxxxx Name: [Illeligible}
-------------------------- ---------------------------------
Title: Assistant Secretary Title:Senior Vice President - Compliance
-------------------------- ---------------------------------
(SEAL)
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