AMENDMENT NO. 2
TO
FUND PARTICIPATION AGREEMENT
This AMENDMENT NO. 2 is made as of the 1 St day of May, 2003, by and
between Pilgrim ▇▇▇▇▇▇ & Associates, Ltd. (the "Adviser"), PBHG Insurance Series
Fund (the "Fund") and American United Life Insurance Company ("AUL"), a life
insurance company organized under the laws of the State of Indiana.
WITNESSETH:
WHEREAS, the Fund, the Adviser and AUL have entered into a Fund
Participation Agreement dated May 1, 1997 relating to the purchase and sale of
certain series of the Fund by certain variable life insurance and/or variable
annuity contracts offered through certain, Separate Accounts (the "Agreement");
and,
WHEREAS, the Fund, Adviser and AUL desire to amend the Agreement to add
additional Portfolios to eligible Separate Accounts.
NOW, THEREFORE, intending to be legally bound, the parties hereto hereby
agree as follows:
1. Appendix A and Appendix B to the Agreement are each hereby deleted and
replaced in their entirety by the Appendix B attached hereto.
2. All other provisions of the Agreement shall remain unchanged.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the day and year first above written.
Pilgrim ▇▇▇▇▇▇ Assocates, Ltd.
ATTEST: /s/ ▇▇▇▇ ▇. ▇▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: General Counsel and Secretary Title: Chief Financial Officer
PBHG Insurance Series Fund
ATTEST: /s/ ▇▇▇▇ ▇. ▇▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: General Counsel and Secretary Title: Chief Financial Officer
ATTEST: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: General Counsel and Secretary Title: Chief Financial Officer
APPENDIX A
PBHG Insurance Series Fund - Portfolios
PBHG Growth II Portfolio
PBHG Technology & Communications Portfolio
PBHG Small Cap Portfolio
PBHG Mid Cap Portfolio
APPENDEX B
Separate Accounts and Associated Contracts
Name of Separate Account Contracts Funded by
Established by AUL Exec. Comm. Separate Account Selected Portfolio
------------------------------ ---------------- ------------------
AUL American Unit Trust Registered 401, 403(b), Growth II
(established 8/17/89) 457 & 408 contracts Technology &
Communications
AUL American Individual Flexible Premium Contracts Growth II
Unit Trust Technology &
Communications
AUL American Individual Flexible Premium Contracts Growth II
Variable Annuity Unit Trust Technology &
Communications
Small Cap
Mid Cap
AUL American Individual Flexible Premium Contracts Growth II
Variable Life Unit Trust Technology &
Communications
Small Cap
Mid Cap