AMENDMENT
This Amendment to each of the Amended and Restated Distribution Agreement by and
between CUNA Brokerage Services, Inc. ("CBSI") and CUNA Mutual Insurance Society
("CMIS") for Variable Annuity Contracts dated as of January 1, 2008 and the
Amended and Restated Servicing Agreement related to the Distribution Agreement
between CMIS and CBSI for Variable Annuity Contracts effective January 1, 2008
(collectively, the Distribution and Servicing Agreements") is effective as of
February 23, 2011.
WHEREAS, CMIS compensates CBSI under the Distribution and Servicing Agreements
for certain services provide by CBSI related to variable annuity contracts
issued by CMIS; and
WHEREAS, no dealer concessions have been paid to CBSI from CMIS under the
Distribution and Servicing Agreements for the 2009 calendar year for sales of
MEMBERS Variable Annuity III contracts; and
WHEREAS, the parties agree that the dealer concessions due for the 2009 calendar
year for MEMBERS Variable Annuity III contracts will be waived.
NOW, THEREFORE, the parties agree, in consideration of their long-standing
relationship and for other good and valuable consideration the sufficiency of
which is hereby acknowledged by the parties, that CBSI waives any commissions
due to it from CMIS under the Distribution and Servicing Agreements for the
calendar year 2009 for sales of MEMBERS Variable Annuity III contracts subject
to any required regulatory approval.
CUNA Brokerage Services, Inc. CUNA Mutual Insurance Society
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxx Xxxxxxxx
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Xxxxx X. Xxxx, President Xxxxx Xxxxxxxx
Executive Vice President, Chief
Financial Officer and Treasurer
