Common use of Investment Options Clause in Contracts

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee that Participants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index Fund (2328) · Fidelity® Diversified International K6 Fund (2947) · Fidelity® Extended Market Index Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio Class I (OFAI) · Nuveen Mid Cap Growth Opportunities Fund Class I (OKJY) · PIMCO Total Return Fund Institutional Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund (OFTH) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)

Investment Options. In accordance with Section 5(b4(b), the Named Fiduciary hereby directs the Trustee that Participantsparticipants’ individual accounts may be invested in the following investment options: · Fidelity• ASB Money Market Account • Fidelity Diversified International Fund • Fidelity Freedom 2000 Fund® 500 Index • Fidelity Freedom 2005 FundSM • Fidelity Freedom 2010 Fund® • Fidelity Freedom 2015 FundSM • Fidelity Freedom 2020 Fund® • Fidelity Freedom 2025 FundSM • Fidelity Freedom 2030 Fund® • Fidelity Freedom 2035 FundSM • Fidelity Freedom 2040 Fund® • Fidelity Freedom Income Fund® • Fidelity Magellan® Fund • Fidelity Overseas Fund (2328frozen to new investments effective April 1, 2004) · Fidelity® Diversified International K6 Fund (2947) · Fidelity® Extended Market Index Fund (2365) · • Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® • Fidelity Retirement Money Market Portfolio • Fidelity U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · • HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · • INVESCO Dynamics Fund • Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio - Class I (OFAI) · Nuveen Mid Cap Growth Opportunities B • Xxxxxx Xxxxxxx Institutional Fund Trust Value Portfolio – Adviser Class I (OKJY) · PIMCO Total Return • Xxxxxxxxx Xxxxxx Partners Fund Institutional – Trust Class (OF1P) · X. Xxxx Price Growth Stock • Spartan U.S. Equity Index Fund (OF4J) · • X. Xxxx Price Small-Cap Stock Fund (OFTHThe investment option referred to in Section 4(c) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)and Section 4(d)(v)(B)(5) shall be the ASB Money Market Account. HAWAIIAN ELECTRIC INDUSTRIES, INC. BY: HAWAIIAN ELECTRIC INDUSTRIES, INC. PENSION INVESTMENT COMMITTEE By: /s/ Xxxx X. Xxxxxx 1/23/04 Date By: /s/ Xxxxx X. Xxxxx 1/23/04 Date Xxxx X. Xxxxxx Xxxxx X. Xxxxx Chairman

Investment Options. In accordance with Section 5(b4(b), the Named Fiduciary hereby directs the Trustee that Participantsparticipants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index - AIM Dynamics Fund (2328frozen to new investments effective January 1, 2006) · Fidelity® - ASB Money Market Account - Fidelity Diversified International K6 Fund - Fidelity Freedom 2000 Fund® - Fidelity Freedom 2005 Fund® - Fidelity Freedom 2010 Fund® - Fidelity Freedom 2015 Fund® - Fidelity Freedom 2020 Fund® - Fidelity Freedom 2025 Fund® - Fidelity Freedom 2030 Fund® - Fidelity Freedom 2035 Fund® - Fidelity Freedom 2040 Fund® - Fidelity Freedom Income Fund® - Fidelity Magellan® Fund - Fidelity Overseas Fund (2947frozen to new investments effective April 1, 2004) · Fidelity® Extended Market Index Fund (2365) · - Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® - Fidelity Retirement Money Market Portfolio - Fidelity U.S. Bond Index Fund (2326) · Fidelity® Value - First American Mid Cap Growth Fund — Class K (2102) · - HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · - Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio - Class I (OFAI) · Nuveen Mid B - Xxxxxx Xxxxxxx Institutional Fund Trust Value Portfolio – Adviser Class - Xxxxxxxxx Xxxxxx Partners Fund – Trust Class - Phoenix Mid-Cap Growth Opportunities Value Fund – Class I (OKJY) · PIMCO Total Return A - Spartan U.S. Equity Index Fund Institutional Class (OF1P) · - X. Xxxx Price Growth Stock Fund (OF4J) · - X. Xxxx Price Small-Cap Stock Fund The investment option referred to in Section 4(c) and Section 4(d) (OFTHv) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)B) (5) shall be the ASB Money Market Account. HAWAIIAN ELECTRIC INDUSTRIES, INC. BY: HAWAIIAN ELECTRIC INDUSTRIES, INC. PENSION INVESTMENT COMMITTEE By: /s/ Xxxx X. Xxxxxx 9/29/05 By: /s/ Xxxxxxxx X. Xxxx 9/29/05 Xxxx X. Xxxxxx Date Xxxxxxxx X. Xxxx Date Chairman Secretary

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee that Participants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index [Floating Rate Loan International Value Bond Debenture Portfolio VC International Large-Cap Cash Management Mutual Global Discovery Securities Fund (2328) · Fidelity® High Yield Bond Emerging Markets Inflation Managed Global Absolute Return Managed Bond CommodityRealReturn Strategy Short Duration Bond Currency Strategies Diversified International K6 Bond VIP Global Hard Assets Fund (2947) · Fidelity® Extended Market Index Inflation Protected Precious Metals Emerging Markets Debt Portfolio Technology Templxxxx Xxxxal Bond Securities Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio Class I (OFAI) · Nuveen Health Sciences Small-Cap Growth Utilities Series VIP Mid Cap Value Real Estate American Funds® Growth Opportunities Pacific Dynamix – Conservative Growth American Funds® Growth-Income Pacific Dynamix – Moderate Growth Equity Index Pacific Dynamix – Growth Mid-Cap Value Portfolio Optimization Conservative Small-Cap Index Portfolio Optimization Moderate-Conservative Large-Cap Value Portfolio Optimization Moderate VIP Contrafund® Portfolio Portfolio Optimization Growth Rising Dividends Securities Fund Class I (OKJY) · PIMCO Portfolio Optimization Aggressive Growth Small-Cap Equity AllianceBernstein VPS Balanced Wealth Strategy Comstxxx Xxerican Funds® Asset Allocation Focused 30 BlackRock Global Allocation V.I. Fund Growth LT Fidelity VIP Funds Manager® 60% Long/Short Large-Cap First Trust/Dow Jones Xxxxdend & Income Allocation Portfolio Mid-Cap Equity Frankxxx Xxxxlxxxx XXX Founding Funds Mid-Cap Growth GE Investments Total Return Fund Institutional Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund Value Invesco V.I. Balanced-Risk Allocation Main Street® Core Aspen Balanced Portfolio Dividend Growth MFS Total Return Series Large-Cap Growth PIMCO Global Multi-Asset Portfolio ] International Small-Cap 10-2252-CS-5 CONTRACT SPECIFICATIONS (OFTHcontinued) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)Service Center Send Forms and written requests to: Send Payments to: Pacific Life & Annuity Company Pacific Life & Annuity Company [P.O. Box 2829 [P.O. Box 2736 Omaha, Nebraska 68103-2829] Omaha, Nebraska 68103-2736] Hours: [Between 6:00 am and 5:00 pm, Pacific Standard Time.] Toll-Free Number for Contract Owners: [1-800-000-0000] Xxxl-Free Number for Registered Representatives: [1-800-000-0000] Xxease use our toll-free telephone number for questions about your annuity contract and optional benefit riders DEFINITION OF TERMS Account Value – The amount of the Contract Value allocated to any one of the Investment Options. Add–In Amount – The amount added by us, if applicable, to the Contract Value on the Notice Date to set the Contract Value equal to the death benefit proceeds that would have been payable to the spouse as the deemed Beneficiary/designated recipient of the death benefit. Age – The Owner’s or Annuixxxx’x xxe, as applicable, at his or her last birthday.

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee that Participants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index [Floating Rate Loan International Value Bond Debenture Portfolio VC International Large-Cap Cash Management Mutual Global Discovery Securities Fund (2328) · Fidelity® High Yield Bond Emerging Markets Inflation Managed Global Absolute Return Managed Bond CommodityRealReturn Strategy Short Duration Bond Currency Strategies Diversified International K6 Bond VIP Global Hard Assets Fund (2947) · Fidelity® Extended Market Index Inflation Protected Precious Metals Emerging Markets Debt Portfolio Technology Templxxxx Xxxxal Bond Securities Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio Class I (OFAI) · Nuveen Health Sciences Small-Cap Growth Utilities Series VIP Mid Cap Value Real Estate American Funds® Growth Opportunities Pacific Dynamix – Conservative Growth American Funds® Growth-Income Pacific Dynamix – Moderate Growth Equity Index Pacific Dynamix – Growth Mid-Cap Value Portfolio Optimization Conservative Small-Cap Index Portfolio Optimization Moderate-Conservative Large-Cap Value Portfolio Optimization Moderate VIP Contrafund® Portfolio Portfolio Optimization Growth Rising Dividends Securities Fund Class I (OKJY) · PIMCO Portfolio Optimization Aggressive Growth Small-Cap Equity AllianceBernstein VPS Balanced Wealth Strategy Comstxxx Xxerican Funds® Asset Allocation Focused 30 BlackRock Global Allocation V.I. Fund Growth LT Fidelity VIP Funds Manager® 60% Long/Short Large-Cap First Trust/Dow Jones Xxxxdend & Income Allocation Portfolio Mid-Cap Equity Frankxxx Xxxxlxxxx XXX Founding Funds Mid-Cap Growth GE Investments Total Return Fund Institutional Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund Value Invesco V.I. Balanced-Risk Allocation Main Street® Core Aspen Balanced Portfolio Dividend Growth MFS Total Return Series Large-Cap Growth PIMCO Global Multi-Asset Portfolio ] International Small-Cap 10-12253 CONTRACT SPECIFICATIONS (OFTHcontinued) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)Service Center Send Forms and written requests to: Send Payments to: Pacific Life & Annuity Company Pacific Life & Annuity Company [P.O. Box 2829 [P.O. Box 2736 Omaha, Nebraska 68103-2829] Omaha, Nebraska 68103-2736] Hours: [Between 6:00 am and 5:00 pm, Pacific Standard Time.] Toll-Free Telephone Number for Contract Owners: [1-800-000-0000] Xxxl-Free Telephone Number for Registered Representatives: [1-800-000-0000] Xxease use our toll-free telephone number for questions about your annuity contract and optional benefit riders, or you may call your state insurance department. 10-2253

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee that Participants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index [Floating Rate Loan International Value Bond Debenture Portfolio VC International Large-Cap Cash Management Mutual Global Discovery Securities Fund (2328) · Fidelity® High Yield Bond Emerging Markets Inflation Managed Global Absolute Return Managed Bond CommodityRealReturn Strategy Short Duration Bond Currency Strategies Diversified International K6 Bond VIP Global Hard Assets Fund (2947) · Fidelity® Extended Market Index Inflation Protected Precious Metals Emerging Markets Debt Portfolio Technology Templxxxx Xxxxal Bond Securities Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio Class I (OFAI) · Nuveen Health Sciences Small-Cap Growth Utilities Series VIP Mid Cap Value Real Estate American Funds® Growth Opportunities Pacific Dynamix — Conservative Growth American Funds® Growth-Income Pacific Dynamix — Moderate Growth Equity Index Pacific Dynamix — Growth Mid-Cap Value Portfolio Optimization Conservative Small-Cap Index Portfolio Optimization Moderate-Conservative Large-Cap Value Portfolio Optimization Moderate VIP Contrafund® Portfolio Portfolio Optimization Growth Rising Dividends Securities Fund Class I (OKJY) · PIMCO Portfolio Optimization Aggressive Growth Small-Cap Equity AllianceBernstein VPS Balanced Wealth Strategy Comstxxx Xxerican Funds® Asset Allocation Focused 30 BlackRock Global Allocation V.I. Fund Growth LT Fidelity VIP Funds Manager® 60% Long/Short Large-Cap First Trust/Dow Jones Xxxxdend & Income Allocation Portfolio Mid-Cap Equity Frankxxx Xxxxlxxxx XXX Founding Funds Mid-Cap Growth GE Investments Total Return Fund Institutional Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund Value Invesco V.I. Balanced-Risk Allocation Main Street® Core Aspen Balanced Portfolio Dividend Growth MFS Total Return Series Large-Cap Growth PIMCO Global Multi-Asset Portfolio ] International Small-Cap ICC12:10-1253 3C CONTRACT SPECIFICATIONS (OFTHcontinued) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)Service Center Send Forms and written requests to: Send Payments to: [Pacific Life Insurance Company [Pacific Life Insurance Company P.O. Box 2378 P.O. Box 2290 Omaha, Nebraska 68103-2378] Omaha, Nebraska 68103-2290] Hours: [Between 6:00 am and 5:00 pm, Pacific Standard Time.] Toll-Free Telephone Number for Contract Owners: [1-800-000-0000] Xxxl-Free Telephone Number for Registered Representatives: [1-800-000-0000] Xxxsite: [www.PxxxxxxXxxx.xxx] Xxease use our toll-free telephone number for questions about your annuity contract and optional benefit riders, or you may call your state insurance department at [1-xxx-xxx-xxxx.] ICC12:10-1253 3D

Investment Options. In accordance with Section 5(b4(b), the Named Fiduciary PIC hereby directs the Trustee that Participantsparticipants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index AIM Dynamics Fund (2328frozen to new investments effective January 1, 2006) · Fidelity® ASB Money Market Account · Fidelity Diversified International K6 Fund (2947) · Fidelity® Extended Market Index Fund (2365) — Class K · Fidelity Freedom® Index Freedom KSM 2000 Fund · Fidelity Freedom KSM 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index Freedom KSM 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index Freedom KSM 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index Freedom KSM 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index Freedom KSM 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index Freedom KSM 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index Freedom KSM 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index Freedom KSM 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index Freedom KSM 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index Freedom KSM 2050 Fund — Institutional Premium Class (2774) · Fidelity FreedomFreedom KSM Income Fund · Fidelity Magellan® Index 2055 Fund — Institutional Premium Class (2775) K · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® Fidelity Retirement Money Market Portfolio · Fidelity U.S. Bond Index Fund · First American Mid Cap Growth Fund · HEI Common Stock Fund (2326) · Fidelity® Value Fund — Class K (2102Available only to the Hawaiian Electric Industries Retirement Savings Plan) · HEI Common Stock Fund #2 (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (Available only to the American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4Plan) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio — Class I (OFAI) P Shares · Nuveen Mid Xxxxxx Xxxxxxx Institutional Fund Trust Value Portfolio — Class P Shares · Xxxxxxxxx Xxxxxx Partners Fund — Trust Class · Virtus Mid-Cap Growth Opportunities Value Fund — Class I (OKJY) A · PIMCO Total Return Spartan® Extended Market Index Fund Institutional — Investor Class (OF1P) · Spartan® U.S. Equity Index Fund — Investor Class · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund (OFTH) · Vanguard Total International Stock Index Fund Admiral — Investor Shares The PIC hereby acknowledges that it has received from the Trustee via regular mail a paper copy of the prospectus for each Fidelity Class K Mutual Fund and Fidelity Freedom KSM Fund selected by the PIC as a Plan investment option. The PIC understands that the Fidelity Class K Mutual Fund and Fidelity Freedom KSM Fund prospectus(es) are not available at this time online at xxx.xxxxxxxx.xxx. Participants or beneficiaries who wish to invest in a Fidelity Class K Mutual Fund and/or Fidelity Freedom KSM Fund will be provided with Fidelity Class K Mutual Fund and/or Fidelity Freedom KSM Fund prospectus(es), via regular mail, prior to such investment. The PIC hereby directs that for Plan assets allocated to a participant’s account, the investment option referred to in Section 4(c) shall be the Fidelity Freedom KSM Fund determined according to a methodology selected by the PIC and communicated to the Trustee in writing. In the case of an invalid date of birth on file, the default option will be Fidelity Freedom KSM Income Fund. In the case of unallocated Plan assets, Plan assets received from the termination or reallocation of an investment option, or Plan assets described in Section 4(d)(vi)(B)(5), the Plan’s default investment shall be the ASB Money Market Account. The PIC hereby directs the Trustee to update the methodology (OS4X)i.e., date ranges) as additional Fidelity Freedom KSM Funds are launched and added in accordance with the preceding paragraph. Such updates will be made to the service as soon as administratively feasible following the launch of future Fidelity Freedom KSM Funds, unless otherwise directed by the PIC. The PIC hereby directs the Trustee to add any additional Fidelity Freedom KSM Funds as permissible investment options as they are launched, such funds being available to Plan participants as of the open of trading on the New York Stock Exchange on their respective inception dates or as soon thereafter as administratively possible, unless otherwise directed by the PIC. HAWAIIAN ELECTRIC INDUSTRIES, INC. FIDELITY MANAGEMENT TRUST COMPANY BY: HAWAIIAN ELECTRIC INDUSTRIES, INC. PENSION INVESTMENT COMMITTEE Xxxxx X. Xxxxxx Date FMTC Authorized Signatory Date Chairman By: /s/ Xxxxxxx X. Xxxxxxxxxx 3/5/10 Xxxxxxx X. Xxxxxxxxxx Date Secretary

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee [KCL Fixed Account Subaccounts that Participants’ individual accounts may be invested invest in the following investment optionsKansas City Life Variable Annuity Separate Account: · Fidelity® 500 Index Invesco V.I. Capital Appreciation Fund (2328) · Fidelity® Diversified – Series I Shares Invesco V.I. Core Equity Fund – Series I Shares Invesco V.I. Technology Fund – Series I Shares American Century VP Capital Appreciation Fund – Class I American Century VP Income & Growth Fund – Class I American Century VP International K6 Fund (2947) · Fidelity® Extended Market Index – Class I American Century VP Mid Cap Value Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium – Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® PuritanI American Century VP Ultra® Fund — – Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® I American Century VP Value Fund — – Class K (2102) · HEI Common I American Century VP Inflation Protection Fund – Class II Calamos Growth and Income Portfolio Dreyfus Appreciation Portfolio – Initial Shares Dreyfus Opportunistic Small Cap Portfolio – Initial Shares Dreyfus Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Index Fund, Inc. International Equity – Initial Shares The Dreyfus Socially Responsible Growth Fund, Inc. – Initial Shares Federated Capital Appreciation Fund II Federated High Income Bond Fund II *Federated Prime Money Fund II Fidelity VIP Contrafund® Portfolio – Service Class I (OFAI) · Nuveen 2 Fidelity VIP Freedom Income Portfolio – Service Class 2 Fidelity VIP Freedom 2010 Portfolio – Service Class 2 Fidelity VIP Freedom 2015 Portfolio – Service Class 2 Fidelity VIP Freedom 2020 Portfolio – Service Class 2 Fidelity VIP Freedom 2025 Portfolio – Service Class 2 Fidelity VIP Freedom 2030 Portfolio – Service Class 2 Fidelity VIP Freedom 2035 Portfolio – Service Class 2 Fidelity VIP Freedom 2040 Portfolio – Service Class 2 Fidelity VIP Freedom 2045 Portfolio – Service Class 2 Fidelity VIP Freedom 2050 Portfolio – Service Class 2 Franklin Global Real Estate Securities Fund – Class 2 Franklin Small-Mid Cap Growth Opportunities Securities Fund – Class I (OKJY) · PIMCO 2 Txxxxxxxx Developing Markets Securities Fund – Class 2 Txxxxxxxx Foreign Securities Fund – Class 2 JPMorgan Insurance Trust Mid Cap Value Portfolio – Class 1 Shares JPMorgan Insurance Trust Small Cap Core Portfolio – Class 1 Shares JPMorgan Insurance Trust U.S. Equity Portfolio – Class 1 Shares MFS Growth Series – Initial Class Shares MFS Research Series – Initial Class Shares MFS Research Bond Series – Initial Class Shares MFS Strategic Income Series – Initial Class Shares MFS Total Return Fund Institutional Series – Initial Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price SmallShares MFS Utilities Series – Initial Class Shares Sxxxxxxx Capital Portfolio – Class 2 Sxxxxxxx Communications and Information Portfolio – Class 2 Sxxxxxxx Smaller-Cap Stock Value Portfolio – Class 2 * The Federated Prime Money Fund (OFTH) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)II subaccount is referred to in this contract as the money market subaccount.] J188

Investment Options. In accordance with Section 5(b), the Named Fiduciary hereby directs the Trustee that Participants’ individual accounts may be invested in the following investment options: · Fidelity® 500 Index [Floating Rate Loan International Value Bond Debenture Portfolio VC International Large-Cap Cash Management Mutual Global Discovery Securities Fund (2328) · Fidelity® High Yield Bond Emerging Markets Inflation Managed Global Absolute Return Managed Bond CommodityRealReturn Strategy Short Duration Bond Currency Strategies Diversified International K6 Bond VIP Global Hard Assets Fund (2947) · Fidelity® Extended Market Index Inflation Protected Precious Metals Emerging Markets Debt Portfolio Technology Templxxxx Xxxxal Bond Securities Fund (2365) · Fidelity Freedom® Index 2005 Fund — Institutional Premium Class (2765) · Fidelity Freedom® Index 2010 Fund — Institutional Premium Class (2766) · Fidelity Freedom® Index 2015 Fund — Institutional Premium Class (2767) · Fidelity Freedom® Index 2020 Fund — Institutional Premium Class (2768) · Fidelity Freedom® Index 2025 Fund — Institutional Premium Class (2769) · Fidelity Freedom® Index 2030 Fund — Institutional Premium Class (2770) · Fidelity Freedom® Index 2035 Fund — Institutional Premium Class (2771) · Fidelity Freedom® Index 2040 Fund — Institutional Premium Class (2772) · Fidelity Freedom® Index 2045 Fund — Institutional Premium Class (2773) · Fidelity Freedom® Index 2050 Fund — Institutional Premium Class (2774) · Fidelity Freedom® Index 2055 Fund — Institutional Premium Class (2775) · Fidelity Freedom® Index 2060 Fund — Institutional Premium Class (2776) · Fidelity Freedom® Index Income Fund — Institutional Premium Class (2764) · Fidelity® Government Money Market Fund — Premium Class (2741) · Fidelity® Puritan® Fund — Class K (2100) · Fidelity® U.S. Bond Index Fund (2326) · Fidelity® Value Fund — Class K (2102) · HEI Common Stock (RT3L) (Hawaiian Electric Industries Retirement Savings Plan only) · HEI Common Stock (RT3N) (American Savings Bank 401(k) Plan only) · Invesco Xxxxxxxx Fund Class R6 (OKM4) · Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio Class I (OFAI) · Nuveen Health Sciences Small-Cap Growth Utilities Series VIP Mid Cap Value Real Estate American Funds® Growth Opportunities Pacific Dynamix — Conservative Growth American Funds® Growth-Income Pacific Dynamix — Moderate Growth Equity Index Pacific Dynamix — Growth Mid-Cap Value Portfolio Optimization Conservative Small-Cap Index Portfolio Optimization Moderate-Conservative Large-Cap Value Portfolio Optimization Moderate VIP Contrafund® Portfolio Portfolio Optimization Growth Rising Dividends Securities Fund Class I (OKJY) · PIMCO Portfolio Optimization Aggressive Growth Small-Cap Equity AllianceBernstein VPS Balanced Wealth Strategy Comstxxx Xxerican Funds® Asset Allocation Focused 30 BlackRock Global Allocation V.I. Fund Growth LT Fidelity VIP Funds Manager® 60% Long/Short Large-Cap First Trust/Dow Jones Xxxxdend & Income Allocation Portfolio Mid-Cap Equity Frankxxx Xxxxlxxxx XXX Founding Funds Mid-Cap Growth GE Investments Total Return Fund Institutional Class (OF1P) · X. Xxxx Price Growth Stock Fund (OF4J) · X. Xxxx Price Small-Cap Stock Fund Value Invesco V.I. Balanced-Risk Allocation Main Street® Core Aspen Balanced Portfolio Dividend Growth MFS Total Return Series Large-Cap Growth PIMCO Global Multi-Asset Portfolio ] International Small-Cap ICC12:10-1252-CS-5 CONTRACT SPECIFICATIONS (OFTHcontinued) · Vanguard Total International Stock Index Fund Admiral Shares (OS4X)Service Center Send Forms and written requests to: Send Payments to: [Pacific Life Insurance Company [Pacific Life Insurance Company P.O. Box 2378 P.O. Box 2290 Omaha, Nebraska 68103-2378] Omaha, Nebraska 68103-2290] Hours: [Between 6:00 am and 5:00 pm, Pacific Standard Time.] Toll-Free Number for Contract Owners: [1-800-722-4448] Toll-Free Number for Registered Representatives: [1-800-000-0000] Xxxsite: [www.PxxxxxxXxxx.xxx] Xxease use our toll-free telephone number for questions about your annuity contract and optional benefit riders, or you may call your state insurance department at [1-xxx-xxx-xxxx.]