Common use of Share Classes Clause in Contracts

Share Classes. All Share Classes of the Fund*, including without limitation: Administrative Class Advisor Class M Class * Certain Share Classes are not available in certain Portfolios of the Fund. Additionally, a permitted share classes of a Designated Portfolio will include any share class created subsequent to the date hereof. Date: October 13, 2006 THIS AMENDMENT NO. 5 TO THE PARTICIPATION AGREEMENT is entered into as of March 12, 2007, by and between Allianz Global Investors Distributors LLC (“AGID”), the principal underwriter for Premier VIT and PIMCO Variable Insurance Trust (each a “Trust” and, collectively, the “Trusts”) and Security Benefit Life Insurance Company (“Company”).