Amendment No. 2 to the Fund Participation Agreement



 Exhibit 10.24.1 
 AMENDMENT NO. 2 TO FUND PARTICIPATION AGREEMENT 
 This
Amendment No. 2 dated as of the 10th day of December, 2008, is to the Fund Participation Agreement entered into on May 2, 2005 (“Participation Agreement”), made by and among Nationwide Financial Services, Inc.
(including any subsidiaries listed on Exhibit A), Nationwide Fund Advisors (formerly, Gartmore Mutual Fund Capital Trust), which serves as adviser and Nationwide Fund Distributors LLC (formerly, Gartmore Distribution Services, Inc.), which serves as
distributor to the Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust) (the “Trust”) with respect to its series of shares of beneficial interest (each, a “Fund”, and collectively, the
“Funds”). In this Agreement, Nationwide Fund Advisors and Nationwide Fund Distributors LLC are collectively referred to as “Nationwide.” 
 WHEREAS, Nationwide Financial Services, Inc. (“NFS”) or a subsidiary or affiliate thereof (collectively referred to as “NFS Affiliate/Subsidiary”) provides administrative and/or
recordkeeping services to variable contracts, which may include, but are not limited to, variable annuity contracts, variable life insurance policies and various retirements plans, which meet the definition of retirement plans under Sections 401,
403 and 457 of the Internal Revenue Code of 1986, as amended (the “Code”) (collectively, “Contracts”); and 
 WHEREAS, NFS Affiliate/Subsidiary may issue variable annuity contracts and variable life insurance policies through separate accounts (“Variable Accounts”) as listed on Exhibit A; and 
 WHEREAS, the Contracts allow for the allocation of net amounts received by NFS to sub-accounts which correspond to each Fund for investment
in shares of the Funds; and 
 WHEREAS, selection of a particular sub-account is made by the contract owner or by participants
in various types of retirement plans and such contract owners and/or participants may reallocate their investment options among the sub-accounts in accordance with the terms of the Contracts; and 
 WHEREAS, NFS and Nationwide mutually desire the inclusion of the Funds as investment options for the Contracts; and 
 WHEREAS, NFS and Nationwide previously have entered into Amendment No. 1 to the Participation Agreement, dated as of May 1, 2006
(“Amendment No. 1”); and 
 WHEREAS, the primary purpose of this Amendment No. 2 is to amend and restate
Exhibit C of Amendment No. 1 to include additional Funds and share classes of the Trust as well as to make certain other changes; and 
 NOW, THEREFORE, NFS and Nationwide mutually agree as follows: 
  

	1.	 The following language is added as a new provision to the Agreement: 


 “DISCLOSURE” 
 Each party may disclose that it has entered into this arrangement. Further, each party may disclose the annual fees payable to Nationwide under this Agreement as set forth in the
Service Fees section and Exhibit C of this Agreement.” 
  

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	2.	 The Notice section of the Agreement is updated with the following information for NFS: 


 Nationwide Financial Services, Inc. 
 One Nationwide Plaza, 2-02-18 
 Columbus,
Ohio 43215 
 Attention: AVP – NF Investment Offerings 
  

	3.	 Exhibit A to the Participation Agreement is deleted and replaced with the Exhibit A attached hereto. 


  

	4.	 Exhibit C to the Participation Agreement (including to its Amendment No. 1) is amended and restated as shown in Exhibit C to this Amendment
No. 2 attached hereto. 


  

	5.	 All other terms and conditions of the Participation Agreement shall continue in full force and effect. 


 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be executed as of the date written above. 
 NATIONWIDE FINANCIAL SERVICES, INC. 
  

			
	 /s/ Karen R. Colvin

	 By:
	 	 Karen R. Colvin

	 Title:
	 	 AVP – NF Investment Offerings

	
	NATIONWIDE FUND ADVISORS
	
	 /s/ Lee T. Cummings

	 By:
	 	 Lee T. Cummings

	 Title:
	 	 SVP

	
	NATIONWIDE FUND DISTRIBUTORS LLC
	
	 /s/ Lee T. Cummings

	 By:
	 	 Lee T. Cummings

	 Title:
	 	 Principal


  

 Page 2 of 7 








 Exhibit A 
 Subsidiary Life Insurance Companies 
 Nationwide
Life Insurance Company 
 Nationwide Life and Annuity Insurance Company 
 Nationwide Life Insurance Company of America 
 Nationwide Life
and Annuity Company of America 
  

 Page 3 of 7 








 EXHIBIT C 
 TO AMENDMENT NO. 2 OF FUND PARTICIPATION AGREEMENT 
 (amended as of December 10, 2008) 
 NVIT Funds 
  

									
	 	  	Total
Basis
Points per
annum	  	12b-l
Fee	  	Admin
Service
Fee	  	Revenue
Sharing
	Single Manager Funds:	  		  		  		  	
	 NVIT Global Financial Services Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Global Financial Services Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Global Financial Services Fund Class III
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Global Utilities Fund Class I
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Global Utilities Fund Class II
	  	50	  	25	  	15	  	10
	 Gartmore NVIT Global Utilities Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Health Sciences Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Health Sciences Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Health Sciences Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Health Sciences Fund Class VI
	  	50	  	25	  	15	  	10
	 NVIT Technology & Communications Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Technology & Communications Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Technology & Communications Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Technology & Communications Fund Class VI
	  	50	  	25	  	15	  	10
	 NVIT Growth Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Growth Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Mid Cap Growth Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Mid Cap Growth Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Mid Cap Growth Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Mid Cap Growth Fund Class IV
	  	18	  	—  	  	15	  	3
	 NVIT U.S. Growth Leaders Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT U.S. Growth Leaders Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT U.S. Growth Leaders Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Nationwide Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Nationwide Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Nationwide Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Nationwide Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Nationwide Leaders Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Nationwide Leaders Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Nationwide Leaders Fund Class III
	  	35	  	—  	  	15	  	20
	 American Funds NVIT Asset Allocation Fund Class II
	  	50	  	25	  	25	  	—  
	 American Funds NVIT Asset Allocation Fund Class VII
	  	65	  	40	  	25	  	—  
	 American Funds NVIT Bond Fund Class II
	  	50	  	25	  	25	  	—  
	 American Funds NVIT Bond Fund Class VII
	  	65	  	40	  	25	  	—  
	 American Funds NVIT Global Growth Fund Class II
	  	50	  	25	  	25	  	—  
	 American Funds NVIT Global Growth Fund Class VII
	  	65	  	40	  	25	  	—  
	 American Funds NVIT Growth Fund Class II
	  	50	  	25	  	25	  	—  
	 American Funds NVIT Growth Fund Class VII
	  	65	  	40	  	25	  	—  
	 American Funds NVIT Growth-Income Fund Class II
	  	50	  	25	  	25	  	—  
	 American Funds NVIT Growth-Income Fund Class VII
	  	65	  	40	  	25	  	—  
	 NVIT Bond Index Fund Class II
	  	40	  	25	  	15	  	—  
	 NVIT Bond Index Fund Class VII
	  	55	  	40	  	15	  	—  
	 NVIT Bond Index Fund Class Y
	  	10	  	—  	  	—  	  	10

  

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	 NVIT International Index Fund Class II
	  	40	  	25	  	15	  	—  
	 NVIT International Index Fund Class VI
	  	40	  	25	  	15	  	—  
	 NVIT International Index Fund Class VIII
	  	55	  	40	  	15	  	—  
	 NVIT International Index Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Mid Cap Index Fund Class I
	  	25*	  	—  	  	15	  	10*
		
		  	 * For Products launched before 11-1-97,

35 Total Basis Points per annum and 15bps.
 Revenue Sharing

					
	 NVIT Mid Cap Index Fund Class II
	  	40	  	25	  	15	  	—  
	 NVIT Mid Cap Index Fund Class III
	  	15	  	—  	  	15	  	—  
	 NVIT Mid Cap Index Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT S&P 500 Index Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT S&P 500 Index Fund Class II
	  	40	  	25	  	15	  	—  
	 NVIT S&P 500 Index Fund Class IV
	  	10	  	—  	  	10	  	—  
	 NVIT S&P 500 Index Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Small Cap Index Fund Class II
	  	40	  	25	  	15	  	—  
	 NVIT Small Cap Index Fund Class VII
	  	55	  	40	  	15	  	—  
	 NVIT Small Cap Index Fund Class Y
	  	10	  	—  	  	—  	  	10
	 Federated NVIT High Income Bond Fund Class I
	  	35	  	—  	  	15	  	20
	 Federated NVIT High Income Bond Fund Class III
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Developing Markets Fund Class I
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Developing Markets Fund Class II
	  	50	  	25	  	15	  	10
	 Gartmore NVIT Emerging Markets Fund Class I
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Emerging Markets Fund Class II
	  	50	  	25	  	15	  	10
	 Gartmore NVIT Emerging Markets Fund Class III
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Emerging Markets Fund Class VI
	  	50	  	25	  	15	  	10
	 Gartmore NVIT International Equity Fund Class I
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT International Equity Fund Class II
	  	50	  	25	  	15	  	10
	 Gartmore NVIT International Equity Fund Class III
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT International Equity Fund Class VI
	  	50	  	25	  	15	  	10
	 Gartmore NVIT Worldwide Leaders Fund Class I
	  	35	  	—  	  	15	  	20
	 Gartmore NVIT Worldwide Leaders Fund Class II
	  	50	  	25	  	15	  	10
	 Gartmore NVIT Worldwide Leaders Fund Class III
	  	35	  	—  	  	15	  	20
	 J.P. Morgan NVIT Balanced Fund Class I
	  	35	  	—  	  	15	  	20
	 J.P. Morgan NVIT Balanced Fund Class IV
	  	35	  	—  	  	15	  	20
	 Van Kampen NVIT Comstock Value Fund Class I
	  	35	  	—  	  	15	  	20
	 Van Kampen NVIT Comstock Value Fund Class II
	  	50	  	25	  	15	  	10
	 Van Kampen NVIT Comstock Value Fund Class IV
	  	35	  	—  	  	15	  	20
	 Van Kampen NVIT Multi Sector Bond Fund Class I
	  	35	  	—  	  	15	  	20
	 Van Kampen NVIT Real Estate Fund Class I
	  	25	  	—  	  	15	  	10
	 Van Kampen NVIT Real Estate Fund Class II
	  	50	  	25	  	15	  	10
	 Neuberger Berman NVIT Socially Responsible Fund Class I
	  	20	  	—  	  	5	  	15
	 Neuberger Berman NVIT Socially Responsible Fund Class II
	  	451	  	251	  	5	  	15
	 Neuberger Berman NVIT Socially Responsible Fund Class Y
	  	15	  	—  	  	—  	  	15
	 Neuberger Berman NVIT Multi Cap Opportunities Fund Class I
	  	25	  	—  	  	15	  	10
	 Neuberger Berman NVIT Multi Cap Opportunities Fund Class II
	  	35	  	25	  	10	  	—  
	 Lehman Brothers NVIT Core Plus Bond Fund Class I
	  	25	  	—  	  	15	  	10
	 Lehman Brothers NVIT Core Plus Bond Fund Class II
	  	50	  	25	  	15	  	10
	 Lehman Brothers NVIT Core Plus Bond Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Enhanced Income Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Enhanced Income Fund Class VII
	  	65	  	40	  	10	  	15
	 NVIT Enhanced Income Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Government Bond Fund Class I
	  	35	  	—  	  	15	  	20

  

	1	 The Total Basis Points per Annum is 0.29% and the 12b-1 Fee is 0.09% through August 1, 2009. 


  

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	 NVIT Government Bond Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Government Bond Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Government Bond Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Money Market Fund Class I
	  	40	  	—  	  	15	  	25
	 NVIT Money Market Fund Class IV
	  	30	  	—  	  	15	  	15
	 NVIT Money Market Fund Class V
	  	35	  	—  	  	10	  	25
	 NVIT Money Market Fund II
	  	55	  	25	  	15	  	15
	 Nationwide NVIT Money Market Fund Y
	  	25	  	—  	  	—  	  	25
	 NVIT Short Term Bond Fund Class I
	  	25	  	—  	  	15	  	10
	 NVIT Short Term Bond Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Short Term Bond Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Core Bond Fund Class I
	  	25	  	—  	  	15	  	10
	 NVIT Core Bond Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Core Bond Fund Class Y
	  	10	  	—  	  	—  	  	10
					
	 Nationwide Multi-Manager Funds:
	  		  		  		  	
	 NVIT Multi-Manager International Value Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager International Value Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Multi-Manager International Value Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager International Value Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager International Value Fund Class VI
	  	50	  	25	  	15	  	10
	 NVIT Multi-Manager International Value Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Multi-Manager Small Cap Growth Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Cap Growth Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Multi-Manager Small Cap Growth Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Cap Growth Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Multi-Manager Small Cap Value Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Cap Value Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Multi-Manager Small Cap Value Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Cap Value Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Cap Value Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Multi-Manager Small Company Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Company Fund Class II
	  	50	  	25	  	15	  	10
	 NVIT Multi-Manager Small Company Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Company Fund Class IV
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Small Company Fund Class Y
	  	10	  	—  	  	—  	  	10
	 NVIT Multi-Manager Large Cap Growth Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Large Cap Growth Fund Class II
	  	60	  	25	  	15	  	20
	 NVIT Multi-Manager Large Cap Growth Fund Class Y
	  	20	  	—  	  	—  	  	20
	 NVIT Multi-Manager Large Cap Value Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Large Cap Value Fund Class II
	  	60	  	25	  	15	  	20
	 NVIT Multi-Manager Large Cap Value Fund Class Y
	  	20	  	—  	  	—  	  	20
	 NVIT Multi-Manager Mid Cap Growth Fund Class I
	  	27	  	—  	  	7	  	20
	 NVIT Multi-Manager Mid Cap Growth Fund Class II
	  	51	  	242	  	7	  	20
	 NVIT Multi-Manager Mid Cap Growth Fund Class Y
	  	20	  	—  	  	—  	  	20
	 NVIT Multi-Manager Mid Cap Value Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager Mid Cap Value Fund Class II
	  	46	  	25	  	1	  	20
	 NVIT Multi-Manager Mid Cap Value Fund Class Y
	  	20	  	—  	  	—  	  	20
	 NVIT Multi-Manager International Growth Fund Class I
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager International Growth Fund Class II
	  	60	  	25	  	15	  	20
	 NVIT Multi-Manager International Growth Fund Class III
	  	35	  	—  	  	15	  	20
	 NVIT Multi-Manager International Growth Fund Class VI
	  	60	  	25	  	15	  	20
	 NVIT Multi-Manager International Growth Fund Class Y
	  	20	  	—  	  	—  	  	20
	Cardinal Fund of Funds:	  		  		  		  	

  

	2	 0.25% through June 30, 2008. 


  

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	 NVIT Cardinal Aggressive Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Aggressive Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Balanced Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Balanced Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Capital Appreciation Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Capital Appreciation Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Conservative Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Conservative Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Moderate Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Moderate Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Moderately Aggressive Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Moderately Aggressive Fund Class II
	  	27	  	9	  	5	  	13
	 NVIT Cardinal Moderately Conservative Fund Class I
	  	18	  	—  	  	5	  	13
	 NVIT Cardinal Moderately Conservative Fund Class II
	  	27	  	9	  	5	  	13
					
	 ID Fund of Funds:
	  		  		  		  	
	 Nationwide NVIT Investor Destinations Aggressive Fund Class II
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Aggressive Fund Class VI
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Conservative Fund Class II
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Conservative Fund Class VI
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderate Fund Class II
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderate Fund Class VI
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderately Aggressive Fund Class II
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderately Aggressive Fund Class VI
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderately Conservative Fund Class II
	  	40	  	25	  	15	  	—  
	 Nationwide NVIT Investor Destinations Moderately Conservative Fund Class VI
	  	40	  	25	  	15	  	—  
					
	 Other Rates:
	  		  		  		  	
	 NVIT Health Sciences Class III – Choice Venue Product Only
	  	50	  	—  	  	15	  	35
	 NVIT U.S. Growth Leaders Fund Class III – Choice Venue Product Only
	  	50	  	—  	  	15	  	35
	 2003 New VA/VL Menus:
	  		  		  		  	
	 Van Kampen NVIT Multi-Sector Bond Fund Class I
	  	40	  	—  	  	15	  	25
	 Federated NVIT High Income Bond Fund Class I
	  	40	  	—  	  	15	  	25
	 Class IV Shares of specific NVIT funds (Provident Distribution Only):
	  		  		  		  	
	 NVIT S&P 500 Index Fund
	  	10	  	—  	  	—  	  	10
	 NVIT Mid Cap Growth Fund
	  	18	  	—  	  	15	  	3
	 NVIT Money Market Fund
	  	30	  	—  	  	15	  	15
					
	 457 and 401(k):
	  		  		  		  	
	 Equity Funds
	  	40	  	—  	  	15	  	25
	 Fixed Income
	  	35	  	—  	  	15	  	20
	 NVIT Money Market Fund
	  	40	  	—  	  	15	  	25
					
	 Nationwide Trust Company Program – One-Time Set-Up Fee for funds added to the program beginning in October,
2002
	  	$1,500	  		  		  	

  

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