Exhibit 26(h)(5)(ix)
AMENDMENT NO. 8 TO PARTICIPATION AGREEMENT
AMONG ▇▇▇▇▇▇▇▇▇▇▇ VARIABLE ACCOUNT FUNDS,
OPPENHEIMERFUNDS, INC. AND
MINNESOTA LIFE INSURANCE COMPANY
This Amendment No. 8 is incorporated in and made a part of the Participation
Agreement (the "Agreement") as of the 15th of April, 2011, by and among
Minnesota Life Insurance Company (hereinafter the "Company"), on its own behalf
and on behalf of one or more segregated asset accounts of the Company
(hereinafter the "Account"), ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds (hereinafter
the "Fund") and OppenheimerFunds, Inc. (hereinafter the "Adviser"). The
following terms and conditions amend the terms of the Agreement and, in the
case of any conflict between the terms and conditions of the Agreement and the
terms and conditions of this Addendum, the language of this Addendum shall
control and govern. All capitalized and abbreviated terms defined in the
Agreement shall have the same definitions apply in this Addendum.
1. Schedule 2 of the Agreement is deleted and replaced with the Schedule 2
to this Addendum, attached hereto.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment No. 8
to the Agreement to be executed in its name and on its behalf by its duly
authorized representative effective April 15, 2011:
Company:
MINNESOTA LIFE INSURANCE COMPANY
By its authorized officer,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇
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By: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: Executive Vice President
Date: 4/11/11
Fund:
▇▇▇▇▇▇▇▇▇▇▇ VARIABLE ACCOUNT FUNDS
By its authorized officer,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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By: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Treasurer
Date: 4/6/11
Advisor:
OPPENHEIMERFUNDS, INC.
By its authorized officer,
/s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
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By: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: SVP
Date: 4/4/11
SCHEDULE 2
(AS AMENDED APRIL 15, 2011)
Portfolios of ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds shown below do not include
service class shares unless expressly indicated:
▇▇▇▇▇▇▇▇▇▇▇ Capital Appreciation Fund/VA - Service Shares
▇▇▇▇▇▇▇▇▇▇▇ High Income Fund/VA - Service Shares
▇▇▇▇▇▇▇▇▇▇▇ Main Street Small - & Mid Cap Fund/VA - Service Shares
▇▇▇▇▇▇▇▇▇▇▇ Global Securities/VA - Non Service Shares
▇▇▇▇▇▇▇▇▇▇▇ Main Street Small - & Mid Cap Fund/VA - Non Service Shares
