Amendment to [Schedule B]. The Product pricing tables on [Schedule B] of the Product Agreement are hereby amended and replaced with the pricing tables set forth on Exhibit 1 of this Amendment. For clarity, the pricing set forth in the updated pricing tables applies with respect to Product purchases beginning retroactively as of January 1, 2016.

[Schedule B]. [Schedule B] to the 1st Amendment is hereby deleted in its entirety and replaced with new [Schedule B] attached hereto.

Amendment to [Schedule 1]. The Credit Agreement is hereby amended to delete [Schedule 1] (Commitments of Lenders) therefrom and to insert in place thereof a new [Schedule 1] in the form of [Schedule 1] hereto.

Amendment to [Schedule 4.2] [Exhibit A], The investment guidelines attached as [Schedule 4.2] to the Agreement are hereby replaced in their entirety with the investment guidelines attached hereto.

Investment Guidelines for ​ Risk Control Separate Accounts and Declared Rate Separate Accounts

*A pass-through security or unleveraged CMO class

(a) Amendment to [Section 3(b)]. The first sentence of [Section 3(b)] is hereby deleted in its entirety and replaced with the following:

[Exhibit B]. The […] section of […] of the Contract is deleted and replaced with the following:

The B.A.D. Option will terminate on December 31, 2024 (the “Option Termination Date”), except that an Uncontested Member (defined below) who has issued a Notice of Exercise on or before December 31, 2024 may complete the purchase pursuant to these terms within ten days after the issuance (or the next business day after the tenth day).

A B.A.D. Member may initiate the exercise of the B.A.D. Option by sending a written notice (the “Notice of Exercise”) declaring that B.A.D. Member’s exercise of the B.A.D. Option and including a calculation of the aggregate Purchase Price. The Notice of Exercise must be sent to each Subscriber and to each of the other B.A.D. Members by email followed by overnight mail to the addresses on the top of this Agreement or such addresses as the Parties may subsequently provide. The date on which the Notice of Exercise is sent to both groups will be the “Notice Date”.