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Amendment No. 1 to Fund Participation and Service Agreement
between
Modern Woodmen of America
American Funds Distributors, Inc.
American Funds Service Company
Capital Research and Management Company
and
American Funds Insurance Series
Modern Woodmen of America (“Society”) on its behalf and on behalf of one or more separate accounts of the Society, American Funds Distributors, Inc., American Funds Service Company, Capital Research and Management Company and American Funds Insurance Series, have previously entered into a Fund Participation and Service Agreement dated March 11, 2015 (the “Agreement”). The parties now desire to amend the Agreement by this amendment (the “Amendment”).
Except as modified hereby, all other terms and conditions of the Agreement shall remain in full force and effect. Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment.
A M E N D M E N T
For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:
1. The preamble to the Agreement is hereby deleted and replaced with the following:
Modern Woodmen of America (the “Society”) for itself and on behalf of one or more separate accounts of the Society (“Separate Accounts”), American Funds Distributors, Inc. (“AFD”), American Funds Service Company (“Transfer Agent”), Capital Research and Management Company (“CRMC”), and the American Funds Insurance Series (the “Series”), an open-end investment company for which AFD, CRMC and Transfer Agent provide services and which is divided into funds (hereinafter collectively called the “Funds” and, individually, a “Fund”), for good and valuable consideration, hereby agree on this 11th day of March 2015 that shares of the Funds (the “shares”) shall be made available to serve as underlying investment media for certain variable annuity and variable annuity contracts (hereinafter called “Certificate(s)”; holders of such Certificates hereinafter called “Certificate Holders”) to be offered by the Society subject to the following provisions:”
2. The first two sentences of Section 1.a. are hereby deleted and replaced with the following:
As distributor of the Series, AFD agrees to make Class 1, Class 2, and Class P1 shares of the Funds listed on Exhibit A available to the Society for itself and on behalf of the Separate
Accounts on the attached Exhibit B pursuant to the terms of the Agreement. The Society agrees to give the Series and CRMC at least thirty (30) days’ notice prior to adding any additional Funds as underlying investment options to the Certificates. AFD reserves the right to approve any proposed addition by the Society. AFD will consider in good faith each request from the Society to add Funds and Fund share classes as underlying investment options to the Certificates, and, in no event, shall AFD unreasonably deny any such request from the Society.
3. Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed as of December 18, 2020.
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MODERN WOODMEN OF AMERICA | ||
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for itself and on behalf of the Separate Accounts | ||
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By: |
/s/ W. Kenny Massey |
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Name: W. Kenny Massey | ||
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Title: President & CEO | ||
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AMERICAN FUNDS DISTRIBUTORS, INC. | ||
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By: |
/s/ Tim McHale |
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Name: Tim McHale | ||
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Title: Secretary | ||
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AMERICAN FUNDS INSURANCE SERIES | ||
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By: |
/s/ Steven Koszalka |
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Name: Steven Koszalka | ||
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Title: Secretary | ||
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AMERICAN FUNDS SERVICE COMPANY | ||
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By: |
/s/ Angela M. Mitchell |
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Name: Angela Mitchell | ||
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Title: Secretary | ||
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CAPITAL RESEARCH AND MANAGEMENT COMPANY | ||
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By: |
/s/ Michael Triessl |
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Name: Michael Triessl | ||
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Title: Authorized Signer | ||
EXHIBIT A
American Funds Insurance Series Funds
Class 1 and 2
Growth Fund
Global Growth and Income Fund
Growth-Income Fund
Capital Income Builder
Global Small Capitalization Fund
New World Fund
Global Bond Fund
Bond Fund
Asset Allocation Fund
Class P1
Managed Risk Growth Fund
Managed Risk Growth-Income Fund