Ex 99.26(i)(2)(b)
FIRST AMENDMENT TO ADMINISTRATION AGREEMENT
THIS FIRST AMENDMENT TO ADMINISTRATION AGREEMENT (the "Amendment") is made
and entered into as of July 25, 2006 by and between SECURIAN FINANCIAL GROUP,
INC., ON BEHALF OF ITSELF AND EACH OF ITS SUBSIDIARIES LISTED ON SCHEDULE A
("Company"), a Delaware corporation, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts trust company ("State Street").
WITNESSETH:
WHEREAS, Company and State Street are parties to that certain
Administration Agreement dated as of January 10, 2003 (the "Agreement"); and
WHEREAS, Company and State Street desire to amend and supplement the
Agreement upon the following terms and conditions.
NOW THEREFORE, for and in consideration of the mutual promises contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Company and State Street hereby agree that the
Agreement is amended and supplemented as follows:
1. Schedules A and B shall be replaced in their entirety by the Schedules A
and B dated July 25, 2006 attached hereto and incorporated herein by this
reference.
2. This Amendment is intended to modify and amend the Agreement and the terms
of this Amendment and the Agreement are to be construed to be cumulative
and not exclusive of each other. Except as provided herein, the Agreement
is hereby ratified and confirmed and remains in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their duly authorized officers to be effective as of the date first above
written.
STATE STREET BANK AND TRUST COMPANY SECURIAN FINANCIAL GROUP, INC., ON
BEHALF OF ITSELF AND EACH OF ITS
SUBSIDIARIES LISTED ON SCHEDULE A
By: By:
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Name: Name:
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Title: Title:
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SCHEDULE A
NAMES OF INSURANCE COMPANIES
July 25, 2006
Minnesota Life Insurance Company
Securian Life Insurance Company
SCHEDULE B
NAME OF GENERAL ACCOUNTS OR SEPARATE ACCOUNTS
July 25, 2006
Minnesota Life Insurance Company separate accounts:
1. Variable Annuity Account
2. Variable Life Account
3. Variable Universal Life Account
4. Variable Fund D
5. All Minnesota Life group annuity separate accounts, as shall be agreed
upon by the parties hereto from time to time.
Securian Life Insurance Company separate accounts:
1. Variable Annuity Account
2. Variable Life Account
3. Variable Universal Life Account
4. All Securian Life group annuity separate accounts, as shall be agreed
upon by the parties hereto from time to time.
