AMENDMENT 1 TO
AMENDED AND RESTATED PARTICIPATION AGREEMENT
Effective April 30. 2010, the Amended and Restated Participation Agreement (the
"Agreement"), dated August 1, 2007, by and among AllianceBernstein L.P.,
AllianceBernstein Investments, Inc., and Commonwealth Annuity and Life Insurance
company), is hereby amended as follows.
1. Schedule A of the Agreement is hereby deleted in its entirety and
replaced with the attached Schedule A.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
ALLIANCEBERNSTEIN L.P.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇▇▇▇
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Title: Assistant Secretary
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Date: 5/25/10
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ALLIANCEBERNSTEIN INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Assistant Secretary
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Date: 5/25/10
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COMMONWEALTH ANNUITY AND LIFE
INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: President and CEO
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Date: 7/20/10
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SCHEDULE A
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1933 ▇▇▇ ▇▇▇▇ ACT
PRODUCT NAME NUMBER NUMBER PORTFOLIOS
-------------------------- ------------- ------------- --------------------------------------------------------------
Allmerica Value 333-87099 811-6293 AllianceBernstein VPS Growth Portfolio
Generation
("Annuity Scout")
-------------------------- ------------- ------------- --------------------------------------------------------------
DirectedAdvisorySolutions 333-90543 811-6293 AllianceBernstein VPS Growth Portfolio
("Fund Quest")
-------------------------- ------------- ------------- --------------------------------------------------------------
Exec Annuity Plus 33-39702 811-6293 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid-Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Advantage 33-39702 811-6293 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid-Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Agency C-Shares 333-38274 811-6293 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Reward 333-78245 811-6632 AllianceBernstein VPS Global Thematic Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Acclaim 333-92115 811-6632 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Charter 333-63093 811-6632 AllianceBernstein VPS Global Thematic Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Resource 33-47216 811-6632 AllianceBernstein VPS Global Thematic Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid-Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
1933 ▇▇▇ ▇▇▇▇ ACT
PRODUCT NAME NUMBER NUMBER PORTFOLIOS
-------------------------- ------------- ------------- --------------------------------------------------------------
Optim-L 33-86274 811-6632 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid-Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Delaware Medallion (I, 33-44830 811-6293 AllianceBernstein VPS Growth and Income Portfolio
II, III)
AllianceBernstein VPS Growth Portfolio
AllianceBernstein VPS
Global Thematic Growth Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Delaware Golden Medallion 333-81281 811-6293 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Growth Portfolio
AllianceBernstein VPS
Global Thematic Growth Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
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Pioneer Vision (I, II) 33-85916 811-8848 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
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Pioneer C-Vision 333-64831 811-8848 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Pioneer Xtra Vision 333-81017 811-8848 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Pioneer No-Load 333-90535 811-8848 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
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Immediate Advantage 333-81861 811-6293 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
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Commonwealth Advantage IV 333-141045 811-22024 AllianceBernstein VPS American Government Income Portfolio
AllianceBernstein VPS International Value Portfolio
AllianceBernstein VPS Small Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
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Commonwealth Preferred 333-141019 811-22024 AllianceBernstein VPS American Government Income Portfolio
Plus
AllianceBernstein VPS International Value Portfolio
AllianceBernstein VPS Small Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
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1933 ▇▇▇ ▇▇▇▇ ACT
PRODUCT NAME NUMBER NUMBER PORTFOLIOS
-------------------------- ------------- ------------- --------------------------------------------------------------
Horizon 333-157121 811-22024 AllianceBernstein VPS International Value Portfolio
AllianceBernstein VPS Intermediate Bond Portfolio
AllianceBernstein VPS Small Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
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VEL 87 33-14672 811-5183 AllianceBernstein VPS Large Cap Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
VEL 91 33-90320 811-5183 AllianceBernstein VPS Large Cap Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
VEL 93 33-57792 811-7466 AllianceBernstein VPS Large Cap Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Variable Inheiritage 33-70948 811-8120 AllianceBernstein VPS Large Cap Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
VUL 2001 333-84879 811-09529 AllianceBernstein VPS Global Thematic Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Life 33-83604 811-8746 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Inheiritage 33-70948 811-8120 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Life Plus 333-84879 811-09529 AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select SPL 333-58551 811-8859 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
Select Life II 33-83604 811-8746 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
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Select SPL II 33-84306 811-8746 AllianceBernstein VPS Global Thematic Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
-------------------------- ------------- ------------- --------------------------------------------------------------
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1933 ▇▇▇ ▇▇▇▇ ACT
PRODUCT NAME NUMBER NUMBER PORTFOLIOS
-------------------------- ------------- ------------- --------------------------------------------------------------
VEL III 333-58385 811-8857 AllianceBernstein VPS Large Cap Growth Portfolio
("Allmerica Estate
Optimizer")
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VUL 2001 Survivorship 333-90995 811-09529 AllianceBernstein VPS Large Cap Growth Portfolio
AllianceBernstein VPS Growth and Income Portfolio
AllianceBernstein VPS Small/Mid Cap Value Portfolio
AllianceBernstein VPS Value Portfolio
AllianceBernstein VPS Global Thematic Growth Portfolio
-------------------------- ------------- ------------------ ---------------------------------------------------------
Group VEL 33-82658 811-8704 AllianceBernstein VPS Global Thematic Growth Portfolio
(Standard) AllianceBernstein VPS Growth and Income Portfolio
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AMENDMENT TO
PARTICIPATION AGREEMENT
This Amendment is made and entered into as of the 1st day of May, 2008, by and
between AllianceBernstein L.P. ("Advisor"), AllianceBernstein Investments, Inc.
("Distributor") and Commonwealth Annuity and Life Insurance Company ("Insurance
Company"), on its own behalf and on behalf of each separate account of the
Insurance Company (each an "Account") identified in the
Participation Agreement
(as defined below).
WHEREAS, Insurance Company, AllianceBernstein L.P. and AllianceBernstein
Investments, Inc. have entered into an Amended and Restated
Participation
Agreement dated as of August 1, 2007, as may be amended from time to time
("
Participation Agreement"), which provides that Alliance Variable Products
Series Fund, Inc. ("▇▇▇ ▇▇▇▇") will make available shares of certain portfolios
("Portfolios") for purchase, exchange and redemption by the Insurance Company,
on behalf of the Accounts, in order to fund variable annuity contracts and
variable life insurance policies contracts ("Contracts") purchased by its
customers ("Contract Holders"); and
WHEREAS, the Insurance Company, Adviser and Distributor desire to amend the
Participation Agreement as follows:
1. CERTAIN DEFINITIONS. Unless otherwise defined herein, capitalized terms
used herein have the meanings specified in or pursuant to the Agreement.
2. AMENDMENTS.
The following shall be added under Section 2. Processing Transactions:
2.5 NSCC.
If transactions in Fund shares are to be settled through the National
Securities Clearing Corporation's ("NSCC") Mutual Fund Settlement,
Entry and Registration Verification (Fund/SERV) system, the following
provisions shall apply:
Each party to this Agreement represents that it or one of its
affiliates has entered into the Standard Networking Agreement with the
NSCC and it desires to participate in the programs offered by the NSCC
Fund/SERV system which provide (i) an automated process whereby the
shareholder purchases, redemptions, exchanges and transactions of
mutual fund shares are executed through the Fund/SERV system, and (ii)
a centralized and standardized communication system for the exchange
of customer-level information and account activity through the
Fund/SERV Networking system ("Networking").
For each Fund/SERV transaction, including a transaction establishing
accounts with the Fund or its affiliate, the Insurance Company shall
provide the Fund with all information necessary or appropriate to
establish and maintain each Fund/SERV transaction (and any subsequent
changes to such information), which the Company hereby certifies is
and shall remain
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true and correct. The Company shall maintain documents required by the
Fund to effect Fund/SERV transactions. Each instruction shall be
deemed to be accompanied by a representation by the Company that it
has received proper authorization from each person whose purchase,
redemption, account transfer or exchange transaction is effected as a
result of such instruction.
The Insurance Company hereby agrees to indemnify the Adviser, the
Distributor, their affiliates, and any Fund against losses, including
reasonable attorney's fees that may arise from liquidation, exchange,
or transfer of only unissued shares upon the Insurance Company's
direction. Such indemnification applies only to transactions executed
and settled as wire orders from information transmitted via NSCC
Fund/SERV. The Insurance Company represents to the Fund, the Adviser,
the Underwriter, and affiliates of the Adviser and the Underwriter
that all such transactions will be authorized by its customers.
Such indemnification shall not apply to any losses (including
attorney's fees) occasioned by a failure of the Adviser, the
Distributor or their affiliates, or the Fund to comply with any of the
Insurance Company's instructions governing the liquidation, exchange,
or transfer of only unissued shares, or any negligent act or omission
of the Adviser, the Underwriter, their affiliates, the Fund, their
employees or agents. The Adviser, the Underwriter or their affiliates
may only accept transactions placed from the Insurance Company's back
office; transactions originating from any other location (including,
without limitation of the foregoing, transactions placed through any
broker/dealer branch office) may not be accepted. All transactions
will be settled upon confirmation of the Insurance Company's NSCC
transmission to the Adviser, the Underwriter or their affiliate, or
the Fund.
3. Except as specifically amended hereby, all of the terms and conditions
of the Agreement shall continue to be in full force and effect and shall be
binding upon the parties in accordance with their respective terms.
4. Each of the parties hereby represents and warrants that the execution,
delivery and performance of this Amendment are within the party's corporate
power and have been or will be duly authorized by all necessary corporate
action, and this Amendment constitutes the legal, valid and binding obligation
of the party in accordance with its terms.
5. This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which when so
executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument.
6. This Amendment shall be construed in accordance with and be governed by
the laws of the State of
New York (without reference to choice of law doctrine).
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their respective officers or authorized representatives as of May 1, 2008.
ALLIANCEBERNSTEIN L.P.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇
Title: Executive Vice President
ALLIANCEBERNSTEIN INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Assistant Secretary
COMMONWEALTH ANNUITY AND LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
---------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: President
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