AMENDMENT TO PARTICIPATION AGREEMENT
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AMENDMENT TO THE PARTICIPATION AGREEMENT is made as of this
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31st day of December, 2013 by and between AIM VARIABLE INSURANCE FUNDS (INVESCO
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VARIABLE INSURANCE FUNDS) ("AVIF (IVIF)"), a Delaware Trust, INVESCO
DISTRIBUTORS, INC., a Delaware corporation ("INVESCO") and PRUCO LIFE INSURANCE COMPANY, a life insurance company organized under the laws of the State of Arizona ("Prudential"), on its own behalf and on behalf of each segregated asset account of the Life Company as set forth on Schedule A of the Agreement. Capitalized terms not otherwise defined herein sha11 have the meaning ascribed to them in the Agreement (defined below).
WHEREAS, AVIF (IVIF) and Prudential are parties to a certain Participation Agreement dated September 21, 1996 (the "Agreement" ), in which Prudential offers to the public certain variable annuity contracts and variable life insurance contracts; and
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I .
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Section 2. Processing Transactions is amended to include the following disclosure before section 2.1(a) :
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The parties agree that they will ordinarily use the Fund/SERV system when Prudential has the operational capacity to do so. When using Fund/SERV, the following applies:
Same Day Trades. On each Business Day, the Prudential sha11 aggregate all purchase orders and redemption orders for each Account received by Prudential prior to 4:00 p.m. Eastern time ("Day l"). Prudential shall communicate to AVIF (IVIF) by Fund/SERV, the aggregate purchase order and redemption orders (if any) for each Account received by 4:00 p.m. Eastern time on Day 1 by no later than the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") Cycle 8 (generally 7:30 a.m. Eastern time) on the following Business Day ("Day 2"). AVIF (IVIF) shall treat a11 trades communicated to AVIF (IVIF) in accordance with the foregoing as if received prior to 4:00 p.m. Eastern time - on Day 1. Prudential represents that orders it receives after 4:00 p.m. Eastern time ("Day 2") will be transmitted to AVIF (IVIF) using the following Business Day's net asset value.
3. Counteroarts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
AIM VARIABLE INSURANCE FUNDS
(INVESCO VARIABLE INSURANCE FUNDS)
By: /s/ Xxxx X. Xxxx
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Name: Xxxx X. Xxxx
Title: Senior Vice President
INVESCO DISTRIBUTORS, INC.
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
Title: Vice President
PRUCO LIFE INSURANCE COMPANY
By: /s/ Xxxxxxx Xxxxxx
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Name: Xxxxxxx Xxxxxx
Title: Executive Vice President