Exhibit (h)(5)(i)
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AMENDMENT, made and entered into as of this 2nd day of April,
2002, by and among ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA (hereinafter
"Allianz"), a Minnesota life insurance company, on its own behalf and on behalf
of its SEPARATE ACCOUNTS (the "Accounts"); THE PRUDENTIAL SERIES FUND, INC., an
open-end management investment company organized under the laws of Maryland
(hereinafter the "Fund"); PRUDENTIAL INVESTMENTS LLC (hereinafter the
"Adviser"); and PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC (hereinafter the
"Distributor"), a Delaware limited liability company.
WHEREAS, Allianz, the Fund, the Adviser, and the Distributor entered
into a Participation Agreement dated as of the 15th day of December, 2000 (the
"Participation Agreement"), whereby the Accounts expressed their intention to
purchase shares of a certain series of the Fund, defined as the Designated
Portfolios in the Participation Agreement, on behalf of certain variable life
insurance policies and/or variable annuity contracts; and
WHEREAS, the parties desire to amend the Participation Agreement to add
an additional Designated Portfolio, the shares of which may be purchased by the
Account upon the terms and conditions described in the Participation Agreement.
NOW, THEREFORE, in consideration of their mutual promises, Allianz, the
Fund, the Distributor and the Adviser agree as follows:
The parties hereby agree to amend Schedule B of the Participation
Agreement to identify the Designated Portfolios as: The Prudential Series Fund,
Inc.--Xxxxxxxx 20/20 Focus Portfolio and The Prudential Series Fund, Inc.--XX
Xxxxxxxx International Growth Portfolio.
The remaining provisions of the Participation Agreement, as amended by
the addition of a Designated Portfolio, shall remain in full force in effect.
IN WITNESS WHEREOF, each of the parties hereto has caused this
Amendment to Participation Agreement to be executed in its name and on its
behalf by its duly authorized representative and its seal to be hereunder
affixed hereto as of the date specified below.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH
AMERICA
By its authorized officer,
By: ___________________
Title:
Date: 4/2/02
THE PRUDENTIAL SERIES FUND, INC.
By its authorized officer,
By: ______________________
Title: President
Date: 4/2/02
PRUDENTIAL INVESTMENTS LLC
By its authorized officer,
By: _____________________
Title:
Date: 4/2/02
PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC
By its authorized officer,
By: _____________________
Title: President
Date: 4/2/02
