0000917677-01-500105 Sample Contracts

PARTICIPATION AGREEMENT Among PUTNAM VARIABLE TRUST PUTNAM RETAIL MANAGEMENT, INC. and Security Life of Denver Insurance Company and Southland Life Insurance Company
Participation Agreement • November 15th, 2001 • Security Life Separate Account L1 • Massachusetts

THIS AGREEMENT, made and entered into as of this 1st day of May, 2001, among Security Life of Denver Insurance Company and Southland Life Insurance Company (individually "each Company" and together the "Companies"), life insurance Companies organized under the laws of Colorado and Texas respectively, on their own behalf and on behalf of each separate account of each of the Companies set forth on Schedule A hereto, as such Schedule may be amended from time to time (each such account hereinafter referred to as the "Account"), PUTNAM VARIABLE TRUST (the "Trust"), a Massachusetts business trust, and PUTNAM RETAIL MANAGEMENT (the "Underwriter"), a Massachusetts limited partnership.

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AMENDMENT TO PARTICIPATION AGREEMENT
Participation Agreement • November 15th, 2001 • Security Life Separate Account L1

THIS AGREEMENT is made by and among Security Life of Denver Insurance Company, a life insurance company organized under the laws of the State of Colorado (the "Company"), Variable Insurance Products Fund II, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the "Fund"), and Fidelity Distributors Corporation, a Massachusetts corporation (the "Underwriter") (collectively, the "Parties").

AMENDMENT TO PARTICIPATION AGREEMENT
Participation Agreement • November 15th, 2001 • Security Life Separate Account L1

THIS AGREEMENT is made by and among Security Life of Denver Insurance Company, a life insurance company organized under the laws of the State of Colorado (the "Company"), Variable Insurance Products Fund, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the "Fund"), and Fidelity Distributors Corporation, a Massachusetts corporation (the "Underwriter") (collectively, the "Parties").

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