THIS AMENDMENT dated __________, 2008 (this "Amendment"), is made to the
Principal Underwriter Agreement dated _______, 2007 (the "Agreement") by and
between Liberty Life Insurance Company, a South Carolina life insurance company
("Insurer"), on its own behalf and on behalf of its Separate Accounts (as
defined in the Agreement), and JBS Investment Group, LLC, a North Carolina
corporation and a registered broker-dealer ("Principal Underwriter").
W I T N E S S E T H :
WHEREAS, the parties have entered into the Agreement to appoint the
Principal Underwriter to be the principal underwriter of certain variable
contracts issued through the Separate Accounts;
WHEREAS, the Principal Underwriter has changed its name to JBS Liberty
Securities, Inc.; and
WHEREAS, the parties desire to amend the Agreement to reflect the name
change of the Principal Underwriter;
NOW, THEREFORE, each of the parties agrees that as of the date first
referenced above, the Agreement shall be amended as follows:
1. All references in the Agreement to "JBS Investment Group, LLC" are
hereby changed to "JBS Liberty Securities, Inc."
2. Except as specifically set forth herein, (a) no provision of this
Amendment is intended to alter or otherwise impact the terms and conditions of
the Agreement; and (b) all provisions of the Principal Underwriter Agreement
remain in full force and effect. In the event of a conflict between the terms of
this Amendment and the Principal Underwriter Agreement, this Amendment shall
control, with respect to the matters set forth herein.
3. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument. The facsimile signature of any party to this
Amendment shall constitute the valid and binding execution hereof by such party.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers as of the day and year first above
written.
LIBERTY LIFE INSURANCE COMPANY,
on its own behalf and on behalf of the Separate Accounts
By: _________________________ _________
Date
Print Name:
Title:
JBS LIBERTY SECURITIES, INC.
By: ________________________ _________
Date
Print Name:
Title:
