AMENDMENT TO PARTICIPATION AGREEMENT
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AMENDMENT TO PARTICIPATION AGREEMENT (this “Amendment”) is made as of the 15th day of September, 2022, by and among PROTECTIVE LIFE INSURANCE COMPANY, a life insurance company organized under the laws of the State of Tennessee (the “Company”), acting herein for and on behalf of itself and on behalf of each segregated asset account set forth in Schedule A to the Participation Agreement between the parties (the “Separate Accounts”); NORTHERN LIGHTS VARIABLE TRUST, an open-end management investment company organized as a Delaware business trust (the “Trust”).
RECITALS
WHEREAS, the Company and the Trust are parties to a certain Participation Agreement dated July 1, 2017 (the “Agreement”);
WHEREAS, the parties desire to amend the Agreement to update the separate accounts and contracts listed in Schedule A; and,
WHEREAS, the parties now desire to modify the Agreement as provided herein.
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and conditions set forth herein, and for other good and valuable consideration, the parties agree to amend the Agreement as follows:
1.
Schedule A. Schedule A to the Agreement is hereby deleted in its entirety and replaced with Schedule A as attached hereto.
2.
Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.
3.
Counterparts. 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 and the same instrument.
4.
Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
PROTECTIVE LIFE INSURANCE COMPANY, on behalf of itself and each Separate Account
By:___/s/ Xxxxx Xxxxxx
Name:__Xxxxx Xxxxxx
Title:_Chief Product Officer – Retirement Divison_
NORTHERN LIGHTS VARIABLE TRUST
By:__/s/ Xxxxxxxxx Xxxxxxx
Name:__Xxxxxxxxx Xxxxxxx____________________
Title:__Secretary____________________________
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SCHEDULE A
Amended and Restated as of September 15, 2022
SEPARATE ACCOUNTS AND ASSOCIATED CONTRACTS SUBJECT TO THE PARTICIPATION AGREEMENT
All Protective Life Insurance Company Separate Accounts – All Contracts
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