SEVENTH AMENDMENT DATED FEBRUARY 3, 2009
TO
PARTICIPATION AGREEMENT
The Participation Agreement made and entered into as of the 3rd day of
February, 2009, as amended by and among ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds,
OppenheimerFunds, Inc., Panorama Series Funds, Inc. and CUNA Mutual Life
Insurance Company, as amended, is hereby amended as follows:
WHEREAS, effective as of December 31, 2007, CUNA Mutual Life Insurance Company,
an Iowa mutual life insurance company, merged with and into CUNA Mutual
Insurance Society, an Iowa mutual life insurance company; and
WHEREAS, in light of this merger, certain of the parties amended the
Participation Agreement pursuant to the Fourth Amendment dated December 31, 2007
to the Participation Agreement ("Fourth Amendment"); and
WHEREAS, The parties wish to ratify and affirm their agreement to the Fourth
Amendment as of December 31, 2007.
1. NOW THEREFORE, the parties hereby ratify and affirm their agreement to
the Fourth Amendment as of December 31, 2007.
IN WITNESS WHEREOF, each of the parties have caused this Amendment to the
Participation Agreement to be executed in their name and on its behalf by there
duly authorized representative.
CUNA MUTUAL INSURANCE SOCIETY
By its authorized officer,
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
Date: 2/10/09
PANORAMA SERIES FUND, INC.
By its authorized officer,
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Treasurer
Date: 2/3/09
▇▇▇▇▇▇▇▇▇▇▇ VARIABLE ACCOUNT FUNDS
By its authorized officer,
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Treasurer
Date: 2/3/09
OPPENHEIMERFUNDS, INC.
By its authorized officer,
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: Vice, President
Date: 2/9/09