Amendment No. 2 to Participation Agreement (ProFunds)
EXHIBIT 8(c)1
Amendment No. 2 to Participation Agreement (ProFunds)
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AMENDMENT NO. 2
AMENDMENT NO. 2 (the “Amendment”) dated as of August 30, 2007 to the Participation Agreement (the “Agreement”) by and among WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO, (the “Company”), an Ohio life insurance company, on its own behalf and on behalf of each segregated asset account of the Company, PROFUNDS, a Delaware business trust, (the “Fund”), ACCESS ONE TRUST, a Delaware business trust (each of ProFunds or the Access One Trust referred to herein as the “Fund”), and PROFUND ADVISORS LLC (the “Adviser”), a Maryland limited liability company.
WITNESSETH
WHEREAS, the Company, the Fund and the Adviser have entered into a Participation Agreement dated as of June 6, 2006, as amended (the “Agreement”), and
WHEREAS, the Company, the Fund and the Adviser wish to amend the Agreement,
NOW, THEREFORE, in consideration of the mutual agreements herein contained, the Company, the Fund and the Adviser hereby acknowledge and agree as follows:
1. Certain Definitions. Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
2. Amendments.
(a) Schedule A of the Agreement is hereby amended by replacing it in its entirety with Schedule A attached hereto.
3. Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
4. Each of the parties hereby represents and warrants that the execution, delivery and performance of this Amendment are within the party’s corporate power and have been or will be duly authorized by all necessary corporate action, and this Amendment constitutes the legal, valid and binding obligation of the party in accordance with its terms.
5. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
6. This Amendment shall be construed in accordance with and be governed by the laws of the State of Maryland (without reference to choice of law doctrine).
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers or authorized representatives as of the day and year first above written.
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| WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO | PROFUNDS | |||||||
| /s/ Xxxxxx X. Xxxxxxx | /s/ Xxxxxx Xxxxxxx | |||||||
| Name: | Xxxxxx X. Xxxxxxx | Name: | Xxxxxx Xxxxxxx | |||||
| Title: | Senior Vice President | Title: | Secretary | |||||
| PROFUND ADVISORS LLC | ACCESS ONE TRUST | |||||||
| /s/ Xxxxxxx Xxxxx | /s/ Xxxxxx Xxxxxxx | |||||||
| Name: | Xxxxxxx Xxxxx | Name: | Xxxxxx Xxxxxxx | |||||
| Title: | Chief Executive Officer | Title: | Secretary | |||||
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Schedule A
| Accounts(s) |
Contract(s) |
Designated Portfolio(s) | ||
| WRL Series Life Account | WRL XceleratorSM | ProFund VP Bull | ||
| WRL Freedom Elite Builder IISM | ProFund VP OTC | |||
| WRL Freedom Elite Builder® | ProFund VP Small-Cap | |||
| WRL Freedom Wealth ProtectorSM | ProFund VP Short Small-Cap | |||
| WRL Freedom Elite® | ProFund VP Money Market | |||
| WRL Financial Freedom Builder® | ||||
| WRL Freedom Equity Protector® | ||||
| WRL ForLifeSM | ||||
| WRL Series Life Account G | WRL Capital CreatorSM
(Expected to commence operations on or around September 20, 2007) |
ProFund VP Asia 30 | ||
| ProFund VP Basic Materials | ||||
| ProFund VP Bull | ||||
| ProFund VP Consumer Services | ||||
| ProFund VP Emerging Markets | ||||
| ProFund VP Europe 30 | ||||
| ProFund VP Falling US Dollar | ||||
| ProFund VP Financials | ||||
| ProFund VP International | ||||
| ProFund VP Japan | ||||
| ProFund VP Mid-Cap | ||||
| ProFund VP Money Market | ||||
| ProFund VP Oil & Gas | ||||
| ProFund VP OTC | ||||
| ProFund VP Pharmaceuticals | ||||
| ProFund VP Precious Metals | ||||
| ProFund VP Short Emerging Markets | ||||
| ProFund VP Short International | ||||
| ProFund VP Short OTC | ||||
| ProFund VP Short Small-Cap | ||||
| ProFund VP Small-Cap | ||||
| ProFund VP Small-Cap Value | ||||
| ProFund VP Telecommunications | ||||
4
| Accounts(s) |
Contract(s) |
Designated Portfolio(s) | ||
| ProFund VP UltraSmall-Cap | ||||
| ProFund VP U.S. Government Plus | ||||
| ProFund VP Utilities | ||||
| Access VP High Yield FundSM | ||||
| WRL Series Annuity Account | WRL Freedom Attainer® | ProFund VP Asia 30 | ||
| WRL Freedom Bellwether® | ProFund VP Basic Materials | |||
| WRL Freedom Premier® | ProFund VP Bull | |||
| WRL Freedom Access® | ProFund VP Consumer Services | |||
| WRL Freedom Enhancer® | ProFund VP Emerging Markets | |||
| WRL Freedom Variable Annuity | ProFund VP Europe 30 | |||
| WRL Freedom Conqueror® | ProFund VP Falling US Dollar | |||
| WRL Freedom Wealth Creator® | ProFund VP Financials | |||
| ProFund VP International | ||||
| ProFund VP Japan | ||||
| ProFund VP Mid-Cap | ||||
| ProFund VP Money Market | ||||
| ProFund VP Oil & Gas | ||||
| ProFund VP OTC | ||||
| ProFund VP Pharmaceuticals | ||||
| ProFund VP Precious Metals | ||||
| ProFund VP Short Emerging Markets | ||||
| ProFund VP Short International | ||||
| ProFund VP Short OTC | ||||
| ProFund VP Short Small-Cap | ||||
| ProFund VP Small-Cap | ||||
| ProFund VP Small-Cap Value | ||||
| ProFund VP Telecommunications | ||||
| ProFund VP UltraSmall-Cap | ||||
| ProFund VP U.S. Government Plus | ||||
| ProFund VP Utilities | ||||
| Access VP High Yield FundSM | ||||
| Separate Account VA U | WRL Freedom Premier® III Variable Annuity | ProFund VP Asia 30 | ||
| ProFund VP Bull | ||||
5
| Accounts(s) |
Contract(s) |
Designated Portfolio(s) | ||
| ProFund VP Basis Materials | ||||
| ProFund VP Consumer Services | ||||
| ProFund VP Emerging Markets | ||||
| ProFund VP Europe 30 | ||||
| ProFund VP Falling US Dollar | ||||
| ProFund VP Financials | ||||
| ProFund VP International | ||||
| ProFund VP Japan | ||||
| ProFund VP Mid-Cap | ||||
| ProFund VP Money Market | ||||
| ProFund VP Oil & Gas | ||||
| ProFund VP OTC | ||||
| ProFund VP Pharmaceuticals | ||||
| ProFund VP Precious Metals | ||||
| ProFund VP Short Emerging Markets | ||||
| ProFund VP Short International | ||||
| ProFund VP Short OTC | ||||
| ProFund VP Short Small-Cap | ||||
| ProFund VP Small-Cap | ||||
| ProFund VP Small-Cap Value | ||||
| ProFund VP Telecommunications | ||||
| ProFund VP UltraSmall-Cap | ||||
| ProFund VP U.S. Government Plus | ||||
| ProFund VP Utilities | ||||
| Access VP High Yield FundSM | ||||
| Separate Account VA V | WRL Freedom Multiple | ProFund VP Asia 30 | ||
| ProFund VP Basic Materials | ||||
| ProFund VP Bull | ||||
| ProFund VP Consumer Services | ||||
| ProFund VP Emerging Markets | ||||
| ProFund VP Europe 30 | ||||
| ProFund VP Falling US Dollar | ||||
| ProFund VP Financials | ||||
| ProFund VP International | ||||
| ProFund VP Japan | ||||
6
| Accounts(s) |
Contract(s) |
Designated Portfolio(s) | ||
| ProFund VP Mid-Cap | ||||
| ProFund VP Money Market | ||||
| ProFund VP Oil & Gas | ||||
| ProFund VP OTC | ||||
| ProFund VP Pharmaceuticals | ||||
| ProFund VP Precious Metals | ||||
| ProFund VP Short Emerging Markets | ||||
| ProFund VP Short International | ||||
| ProFund VP Short OTC | ||||
| ProFund VP Short Small-Cap | ||||
| ProFund VP Small-Cap | ||||
| ProFund VP Small-Cap Value | ||||
| ProFund VP Telecommunications | ||||
| ProFund VP UltraSmall-Cap | ||||
| ProFund VP U.S. Government Plus | ||||
| ProFund VP Utilities | ||||
| Access VP High YieldSM | ||||
| Separate Account VA AA | Flexible Premium Variable Annuity – M, under the marketing name “WRL Freedom Advisor” | ProFund VP Asia 30 | ||
| ProFund VP Basic Materials | ||||
| ProFund VP Bull | ||||
| ProFund VP Consumer Services | ||||
| ProFund VP Emerging Markets | ||||
| ProFund VP Europe 30 | ||||
| ProFund VP Falling US Dollar | ||||
| ProFund VP Financials | ||||
| ProFund VP International | ||||
| ProFund VP Japan | ||||
| ProFund VP Mid-Cap | ||||
| ProFund VP Money Market | ||||
| ProFund VP Oil & Gas | ||||
| ProFund VP OTC | ||||
| ProFund VP Pharmaceuticals | ||||
| ProFund VP Precious Metals | ||||
7
| Accounts(s) |
Contract(s) |
Designated Portfolio(s) | ||
| ProFund VP Short Emerging Markets | ||||
| ProFund VP Short International | ||||
| ProFund VP Short OTC | ||||
| ProFund VP Short Small-Cap | ||||
| ProFund VP Small-Cap | ||||
| ProFund VP Small-Cap Value | ||||
| ProFund VP Telecommunications | ||||
| ProFund VP UltraSmall-Cap | ||||
| ProFund VP U.S. Government Plus | ||||
| ProFund VP Utilities | ||||
| Access VP High Yield FundSM | ||||
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