AMENDMENT NUMBER 3
TO PARTICIPATION AGREEMENT
WHEREAS, Security Benefit Life Insurance Company (the "Company"), Xxxxxxxxxxx
Variable Account Funds (the "Fund") and OppenheimerFunds, Inc. (the "Adviser")
are parties to a Participation Agreement dated May 1, 2003 (the "Agreement");
and
WHEREAS, terms of the Agreement contemplate that Accounts and Contracts of the
Company that are eligible to purchase Designated Portfolios of the Fund may be
changed from time to time by amending Schedule A to the Agreement; and
WHEREAS, the parties wish to add certain Accounts and Contracts to the Agreement
by deleting the existing Schedule A and replacing it with the Schedule A
attached hereto; and
WHEREAS, capitalized terms used but not defined herein, shall have the meaning
given them in the Agreement; and
WHEREAS, all other terms of the Agreement shall remain in full force and effect;
NOW, THEREFORE, the parties agree to delete the existing Schedule A to the
Agreement and replace it with the Schedule A attached hereto.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment #3 to
the Agreement to be executed in its name and on its behalf by its duly
authorized representative effective October 1, 2006.
Security Benefit Life Insurance Company
By its authorized officer
By:
Title:
Date:
Xxxxxxxxxxx Variable Account Funds
By its authorized officer
By:
Title:
Date:
OppenheimerFunds, Inc.
By its authorized officer
By:
Title:
Date:
SCHEDULE A
ACCOUNT(S) CONTRACT(S) DESIGNATED PORTFOLIO(S)
SBL Variable Annuity Account SecureDesigns Xxxxxxxxxxx Main Street Small
XIV Variable Annuity Cap Fund/VA-Service
SBL Variable Annuity Account AdvanceDesigns Xxxxxxxxxxx Main Street Small
XIV Variable Annuity Cap Fund/VA-Service
SBL Variable Annuity Account AdvisorDesigns Xxxxxxxxxxx Main Street Small
XIV Cap Fund/VA-Service
SBL Variable Annuity Account EliteDesigns Xxxxxxxxxxx Main Street Small
XIV Cap Fund/VA-Service
Variflex Separate Account Variflex Xxxxxxxxxxx Main Street Small
Cap Fund/VA-Service
Variflex Separate Account Variflex XX Xxxxxxxxxxx Main Street Small
Cap Fund/VA-Service
SBL Variable Annuity Account Variflex XX Xxxxxxxxxxx Main Street Small
VIII Cap Fund/VA-Service
SBL Variable Annuity Account Variflex Signature Xxxxxxxxxxx Main Street Small
VIII Cap Fund/VA-Service
SBL Variable Annuity Account Variflex Extra Xxxxxxxxxxx Main Street Small
VIII Credit Cap Fund/VA-Service
SBL Variable Annuity Account ClassicStrategies Xxxxxxxxxxx Main Street Small
XVII Cap Fund/VA-Service
SBL Variable Annuity Account ThirdFed Xxxxxxxxxxx Balanced Fund/VA-
XVII Initial