EX-8.C.1 3 dex8c1.htm EXHIBIT 8(C)(1) Exhibit 8(c)(1)

EXHIBIT 8(c)1

Amendment No. 2 to Participation Agreement (ProFunds)

 

1

AMENDMENT NO. 2

AMENDMENT NO. 2 (the “Amendment”) dated as of August 30, 2007 to the Participation Agreement (the “Agreement”) by and among WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO, (the “Company”), an Ohio life insurance company, on its own behalf and on behalf of each segregated asset account of the Company, PROFUNDS, a Delaware business trust, (the “Fund”), ACCESS ONE TRUST, a Delaware business trust (each of ProFunds or the Access One Trust referred to herein as the “Fund”), and PROFUND ADVISORS LLC (the “Adviser”), a Maryland limited liability company.

WITNESSETH

WHEREAS, the Company, the Fund and the Adviser have entered into a Participation Agreement dated as of June 6, 2006, as amended (the “Agreement”), and

WHEREAS, the Company, the Fund and the Adviser wish to amend the Agreement,

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the Company, the Fund and the Adviser hereby acknowledge and agree as follows:

1. Certain Definitions. Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.

2. Amendments.

(a) Schedule A of the Agreement is hereby amended by replacing it in its entirety with Schedule A attached hereto.

3. Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.

4. Each of the parties hereby represents and warrants that the execution, delivery and performance of this Amendment are within the party’s corporate power and have been or will be duly authorized by all necessary corporate action, and this Amendment constitutes the legal, valid and binding obligation of the party in accordance with its terms.

5. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.

6. This Amendment shall be construed in accordance with and be governed by the laws of the State of Maryland (without reference to choice of law doctrine).

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers or authorized representatives as of the day and year first above written.

 

2

WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO     PROFUNDS
  /s/ Steven R. Shepard       /s/ Steven Cravath
Name:   Steven R. Shepard     Name:   Steven Cravath
Title:   Senior Vice President     Title:   Secretary

 

PROFUND ADVISORS LLC     ACCESS ONE TRUST
  /s/ Michael Sapir       /s/ Steven Cravath
Name:   Michael Sapir     Name:   Steven Cravath
Title:   Chief Executive Officer     Title:   Secretary

 

3

Schedule A

 

Accounts(s)

  

Contract(s)

  

Designated Portfolio(s)

WRL Series Life Account   WRL XceleratorSM   ProFund VP Bull
  WRL Freedom Elite Builder IISM   ProFund VP OTC
  WRL Freedom Elite Builder®   ProFund VP Small-Cap
  WRL Freedom Wealth ProtectorSM   ProFund VP Short Small-Cap
  WRL Freedom Elite®   ProFund VP Money Market
  WRL Financial Freedom Builder®  
  WRL Freedom Equity Protector®  
  WRL ForLifeSM  
WRL Series Life Account G  

WRL Capital CreatorSM

 

(Expected to commence operations on or around September 20, 2007)

   ProFund VP Asia 30
    ProFund VP Basic Materials
    ProFund VP Bull
    ProFund VP Consumer Services
    ProFund VP Emerging Markets
    ProFund VP Europe 30
    ProFund VP Falling US Dollar
    ProFund VP Financials
    ProFund VP International
    ProFund VP Japan
    ProFund VP Mid-Cap
    ProFund VP Money Market
    ProFund VP Oil & Gas
    ProFund VP OTC
    ProFund VP Pharmaceuticals
    ProFund VP Precious Metals
    ProFund VP Short Emerging Markets
    ProFund VP Short International
    ProFund VP Short OTC
    ProFund VP Short Small-Cap
    ProFund VP Small-Cap
    ProFund VP Small-Cap Value
    ProFund VP Telecommunications

 

4

Accounts(s)

  

Contract(s)

  

Designated Portfolio(s)

    ProFund VP UltraSmall-Cap
    ProFund VP U.S. Government Plus
    ProFund VP Utilities
    Access VP High Yield FundSM
WRL Series Annuity Account   WRL Freedom Attainer®   ProFund VP Asia 30
  WRL Freedom Bellwether®   ProFund VP Basic Materials
  WRL Freedom Premier®   ProFund VP Bull
  WRL Freedom Access®   ProFund VP Consumer Services
  WRL Freedom Enhancer®   ProFund VP Emerging Markets
  WRL Freedom Variable Annuity   ProFund VP Europe 30
  WRL Freedom Conqueror®   ProFund VP Falling US Dollar
  WRL Freedom Wealth Creator®   ProFund VP Financials
    ProFund VP International
    ProFund VP Japan
    ProFund VP Mid-Cap
    ProFund VP Money Market
    ProFund VP Oil & Gas
    ProFund VP OTC
    ProFund VP Pharmaceuticals
    ProFund VP Precious Metals
    ProFund VP Short Emerging Markets
    ProFund VP Short International
    ProFund VP Short OTC
    ProFund VP Short Small-Cap
    ProFund VP Small-Cap
    ProFund VP Small-Cap Value
    ProFund VP Telecommunications
    ProFund VP UltraSmall-Cap
    ProFund VP U.S. Government Plus
    ProFund VP Utilities
    Access VP High Yield FundSM
Separate Account VA U   WRL Freedom Premier® III Variable Annuity   ProFund VP Asia 30
    ProFund VP Bull

 

5

Accounts(s)

  

Contract(s)

  

Designated Portfolio(s)

    ProFund VP Basis Materials
    ProFund VP Consumer Services
    ProFund VP Emerging Markets
    ProFund VP Europe 30
    ProFund VP Falling US Dollar
    ProFund VP Financials
    ProFund VP International
    ProFund VP Japan
    ProFund VP Mid-Cap
    ProFund VP Money Market
    ProFund VP Oil & Gas
    ProFund VP OTC
    ProFund VP Pharmaceuticals
    ProFund VP Precious Metals
    ProFund VP Short Emerging Markets
    ProFund VP Short International
    ProFund VP Short OTC
    ProFund VP Short Small-Cap
    ProFund VP Small-Cap
    ProFund VP Small-Cap Value
    ProFund VP Telecommunications
    ProFund VP UltraSmall-Cap
    ProFund VP U.S. Government Plus
    ProFund VP Utilities
    Access VP High Yield FundSM
Separate Account VA V   WRL Freedom Multiple   ProFund VP Asia 30
    ProFund VP Basic Materials
    ProFund VP Bull
    ProFund VP Consumer Services
    ProFund VP Emerging Markets
    ProFund VP Europe 30
    ProFund VP Falling US Dollar
    ProFund VP Financials
    ProFund VP International
    ProFund VP Japan

 

6

Accounts(s)

  

Contract(s)

  

Designated Portfolio(s)

    ProFund VP Mid-Cap
    ProFund VP Money Market
    ProFund VP Oil & Gas
    ProFund VP OTC
    ProFund VP Pharmaceuticals
    ProFund VP Precious Metals
    ProFund VP Short Emerging Markets
    ProFund VP Short International
    ProFund VP Short OTC
    ProFund VP Short Small-Cap
    ProFund VP Small-Cap
    ProFund VP Small-Cap Value
    ProFund VP Telecommunications
    ProFund VP UltraSmall-Cap
    ProFund VP U.S. Government Plus
    ProFund VP Utilities
    Access VP High YieldSM
Separate Account VA AA   Flexible Premium Variable Annuity – M, under the marketing name “WRL Freedom Advisor”   ProFund VP Asia 30
    ProFund VP Basic Materials
    ProFund VP Bull
    ProFund VP Consumer Services
    ProFund VP Emerging Markets
    ProFund VP Europe 30
    ProFund VP Falling US Dollar
    ProFund VP Financials
    ProFund VP International
    ProFund VP Japan
    ProFund VP Mid-Cap
    ProFund VP Money Market
    ProFund VP Oil & Gas
    ProFund VP OTC
    ProFund VP Pharmaceuticals
    ProFund VP Precious Metals

 

7

Accounts(s)

  

Contract(s)

  

Designated Portfolio(s)

    ProFund VP Short Emerging Markets
   

ProFund VP Short International

   

ProFund VP Short OTC

   

ProFund VP Short Small-Cap

   

ProFund VP Small-Cap

   

ProFund VP Small-Cap Value

   

ProFund VP Telecommunications

   

ProFund VP UltraSmall-Cap

   

ProFund VP U.S. Government Plus

   

ProFund VP Utilities

   

Access VP High Yield FundSM

 

8