EXHIBIT h(16)(ii)
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AGREEMENT is made by and among Security Life of Denver Insurance
Company (the "Company"), a life insurance company organized under the laws of
the State of Colorado, ING Variable Products Trust (the "Trust"), an open-end
management investment company and business trust organized under the laws of the
Common Wealth of Massachusetts, and ING Funds Distributor, Inc. (the
"Distributor"), a corporation organized under the laws of the State of Delaware,
(collectively, "the Parties").
WHEREAS, the Parties executed a Participation Agreement dated May
1, 2001 (the "Participation Agreement"), between Security Life of Denver
Insurance Company, Pilgrim Variable Products Trust, and ING Pilgrim Securities,
Inc.
WHEREAS, effective on Xxxxx 0, 0000, Xxxxxxx Variable Products Trust
and ING Pilgrim Securities, Inc. have amended their corporate entity names to
ING Variable Products Trust and ING Funds Distributor, Inc., respectively.
WHEREAS, the name of the "Pilgrim Variable Products Trust" series, as
listed on Schedule B of the Participation Agreement, has been amended to "ING
Variable Products Trust". As a result, the names of the Authorized Funds have
also been amended. Pilgrim VP MagnaCap Portfolio has changed to ING VP MagnaCap
Portfolio, Pilgrim VP Research Enhanced Index Portfolio has changed to ING VP
Research Enhanced Index Portfolio, Pilgrim VP Growth Opportunities Portfolio has
change to ING Pilgrim VP Growth Opportunities Portfolio, Pilgrim XX XxxXxx
Opportunities Portfolio has changed to ING XX XxxXxx Opportunities Portfolio,
Pilgrim VP Growth + Value Portfolio has changed to ING VP Growth + Value
Portfolio, Pilgrim VP SmallCap Opportunities Portfolio has changed to ING VP
SmallCap Opportunities Portfolio, Pilgrim VP International Value Portfolio has
changed to ING VP International Value Portfolio, and Pilgrim VP High Yield Bond
Portfolio has changed to ING VP High Yield Bond Portfolio.
NOW, THEREFORE, in consideration of their mutual promises, the Parties
agree as follows:
The Participation Agreement is hereby amended to reflect the current
corporate entity and series names.
FURTHER, the Participation Agreement is hereby amended by substituting
for the current Schedule B an amended Schedule B in the form attached hereto.
Executed this 30 day of August 2002.
SECURITY LIFE OF DENVER INSURANCE COMPANY
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxxxx X. Xxxxxx
---------------------------------
NAME: Xxxxxxxx X. Xxxxxx
TITLE: Senior Vice President
Product Management Group
ING VARIABLE PRODUCTS TRUST
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxxx X. Xxxxxx
---------------------------------
NAME: XXXXXXX X. XXXXXX
Title: EXECUTIVE VP
ING FUNDS DISTRIBUTOR, INC.
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxxx X. Xxxxxx
---------------------------------
NAME: XXXXXXX X. XXXXXX
TITLE: EXECUTIVE VP
Schedule B
ING VARIABLE PRODUCTS TRUST
Authorized Funds
ING VP MagnaCap Portfolio - Class R Shares
ING VP Research Enhanced Index Portfolio - Class R Shares
ING VP Growth Opportunities Portfolio - Class R Shares
ING XX XxxXxx Opportunities Portfolio - Class R Shares
ING VP Growth + Value Portfolio - Class R Shares
ING VP SmallCap Opportunities Portfolio - Class R Shares
ING VP International Value Portfolio - Class R Shares
ING VP High Yield Bond Portfolio - Class R Shares
