AMENDMENT To PARTICIPATION AGREEMENT By and Among PACIFIC LIFE INSURANCE COMPANY And GE INVESTMENTS FUNDS, INC. And GE INVESTMENT DISTRIBUTORS, INC. And GE ASSET MANAGEMENT INCORPORATED
Exhibit 99.(8)(l)(1)
AMENDMENT
To
By and Among
PACIFIC LIFE INSURANCE COMPANY
And
GE INVESTMENTS FUNDS, INC.
And
GE INVESTMENT DISTRIBUTORS, INC.
And
GE ASSET MANAGEMENT INCORPORATED
THIS AMENDMENT, effective as of November 20, 2009, amends that certain Participation Agreement dated as of December 1, 2008 (the “Agreement”), by and among PACIFIC LIFE INSURANCE COMPANY, GE INVESTMENTS FUNDS, INC., GE INVESTMENT DISTRIBUTORS, INC. and GE ASSET MANAGEMENT INCORPORATED.
WHEREAS, the parties hereto agree that the Fund shall no longer make available to the Company, and the Company no longer intends to purchase from the Fund, Class 4 Shares of the Portfolios named in Schedule 3 to the Agreement;
WHEREAS, the parties hereto agree that the Company intends to convert all Accounts from Class 4 Shares to Class 3 Shares of the Portfolios named in Schedule 3 to the Agreement;
WHEREAS, the parties hereto desire to make certain amendments to the Agreement to delete all references in the Agreement to Class 4 Shares and replace them with references to Class 3 Shares;
WHEREAS, the parties hereto desire to update Schedule 4 to reflect Registered Contracts that will offer Class 3 Shares of the Portfolios named in Schedule 3 to the Agreement; and
WHEREAS, any capitalized terms set forth in this Amendment that are not otherwise defined herein shall have the meanings assigned to them in the Agreement.
NOW THEREFORE, the parties hereto hereby amend the Agreement as follows:
1. | Schedule 3 to the Agreement is deleted in its entirety and replaced by Schedule 3 attached hereto. |
2. | Schedule 4 to the Agreement is deleted in its entirety and replaced by Schedule 4 attached hereto. |
3. | This Amendment shall become effective on November 20, 2009. |
[Signature Page Follows]
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IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed in its name and behalf by its duly authorized representative as of the date specified above.
PACIFIC LIFE INSURANCE COMPANY | ||
By: | /s/ Xxxxxxx X. Xxxxxxx | |
Name: Xxxxxxx X. Xxxxxxx | ||
Title: Assistant Vice President | ||
Attest: | /s/ Xxxxxx X. Xxxxx | |
Xxxxxx X. Xxxxx, | ||
Corporate Secretary | ||
GE INVESTMENTS FUNDS, INC. | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx | |
Name: | Xxxxxxx X. Xxxxxxxx | |
Title: | President, CEO Mutual Funds | |
GE INVESTMENT DISTRIBUTORS, INC. | ||
By: | /s/ Xxxxxx X. Xxxxxxx | |
Name: | Xxxxxx X. Xxxxxxx | |
Title: | President, GEID | |
GE ASSET MANAGEMENT INCORPORATED | ||
By: | /s/ Xxxxxx X. Xxxxxxx | |
Name: | Xxxxxx X. Xxxxxxx | |
Title: | SVP, GEAM |
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Schedule 3
Name(s) of Portfolio
GE Investments Funds, Inc.:
Total Return Fund – Class 3
3
Schedule 4
Registered Contracts
Pacific Value
Pacific Value Edge
Pacific One
Pacific One Select
Pacific Portfolios
Pacific Portfolios for Chase
Pacific Select Variable Annuity
Pacific Voyages
Pacific Innovations
Pacific Innovations Select
Pacific Explorer
Pacific Journey
Pacific Odyssey
Pacific Destinations
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