AMENDMENT NO. 38 TO

PARTICIPATION AGREEMENT

BETWEEN

TRANSAMERICA SERIES TRUST AND

WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO

Amendment No. 38 to the Participation Agreement (“Agreement”), dated February 27, 1991, as amended, between Transamerica Series Trust  (the “Fund”) and Western Reserve Life Assurance Co. of Ohio (the “Company”).

1.           Schedule B of the Agreement is deleted in its entirety and replaced with the following Amended Schedule B:

AMENDED SCHEDULE B

Effective September 17, 2012

Account(s), Policy(ies) and Portfolio(s)

Subject to the Participation Agreement

Account s:

WRL Series Life Account

WRL Series Annuity Account

WRL Series Annuity Account B

Separate Account VA U

     Separate Account VA V

     WRL Series Life Account G

     Separate Account VA AA

Policies:

The Equity Protector

Janus Annuity Variable Annuity

WRL Freedom Equity Protector

WRL Freedom SP Plus

WRL Freedom Variable Annuity

WRL Freedom Attainer Variable Annuity

WRL Freedom Bellwether Variable Annuity

WRL Freedom Conqueror  Variable Annuity

WRL Freedom Wealth Protector

WRL Freedom Wealth Creator Variable Annuity

WRL Financial Freedom Builder

WRL Freedom Elite

WRL Freedom Premier Variable Annuity

WRL Freedom Access Variable Annuity

WRL Freedom Enhancer Variable Annuity

WRL Freedom Elite Builder and Associate Freedom Elite Builder

WRL Freedom Elite Advisor

WRL Freedom Premier® II

WRL Freedom Access® II

WRL Freedom Enhancer® II

WRL Freedom Premier III Variable Annuity

WRL Xcelerator, Xcelerator Focus, Xcelerator Exec

Policies (continued):

WRL Freedom Elite Builder II

WRL ForLife

WRL Benefactor

WRL Freedom Asset Advisor

WRL Evolution

WRL Freedom Asset Advisor

Flexible Premium Variable Annuity - F, under marketing name “WRL Freedom Multiple”

Flexible Premium Variable Annuity - M, under marketing name “WRL Freedom Advisor”

Portfolios:                      Transamerica Series Trust  - each Portfolio has an Initial Class and a Service Class of Shares, except as noted.

                 Transamerica AEGON Active Asset Allocation – Conservative VP

     Transamerica AEGON Active Asset Allocation – Moderate Growth VP

Transamerica AEGON Active Asset Allocation – Moderate VP

     Transamerica AEGON High Yield Bond VP

Transamerica AEGON Money Market VP

Transamerica AEGON U.S. Government Securities VP

Transamerica AllianceBernstein Dynamic Allocation VP

Transamerica Asset Allocation - Conservative VP

Transamerica Asset Allocation - Growth VP

Transamerica Asset Allocation - Moderate VP

     Transamerica Asset Allocation - Moderate Growth VP

     Transamerica BlackRock Global Allocation VP

Transamerica BlackRock Large Cap Value VP

     Transamerica BlackRock Tactical Allocation VP

Transamerica Clarion Global Real Estate Securities VP

                                                                Transamerica Efficient Markets VP

                                                                Transamerica Hanlon Income VP

                                                                Transamerica Index 35 VP

                                                                Transamerica Index 50 VP

                                                                Transamerica Index 75 VP

                                                                Transamerica Index 100 VP

                                                                Transamerica International Moderate Growth VP

                                                                Transamerica Janus Balanced VP

                                                                Transamerica Jennison Growth VP

                                                                Transamerica JPMorgan Core Bond VP

                                                                Transamerica JPMorgan Enhanced Index VP

     Transamerica JPMorgan Mid Cap Value VP

                                                                Transamerica JPMorgan Tactical Allocation VP

 Transamerica Legg Mason Dynamic Allocation – Balanced VP (Currently not offering Initial Class Shares)

Transamerica Legg Mason Dynamic Allocation – Growth VP(Currently notoffering Initial Class Shares)

Transamerica Market Participation Strategy VP (Currently not offering Initial Class Shares)

Portfolios (continued):

                                                                Transamerica MFS International Equity VP

                                                                Transamerica Morgan Stanley Capital Growth VP

                                                                Transamerica Morgan Stanley Mid-Cap Growth VP

                                                                Transamerica Multi-Managed Balanced VP

                                                                Transamerica Multi-Managed Large Cap Core VP

                                                                Transamerica PIMCO Tactical - Balanced VP (Currently not offering Initial Class Shares)

                                                                Transamerica PIMCO  Tactical - Conservative VP (Currently not offering Initial Class Shares)

                                                                Transamerica PIMCO Tactical - Growth VP (Currently not offering Initial Class Shares)

                                                                Transamerica PIMCO Total Return VP

                                                                     Transamerica ProFund UltraBear VP (Currently not offering Initial Class Shares)

                                                                Transamerica Systematic Small/Mid Cap Value VP

                                                                Transamerica T. Rowe Price Small Cap VP

                                                                Transamerica Third Avenue Value VP

                                                                Transamerica WMC Diversified Growth VP

4.   All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

IN WITNESS WHEREOF, each of the Parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative.

TRANSAMERICA SERIES TRUST                                                                                     WESTERN RESERVE LIFE ASSURANCECO. OF OHIO

By its authorized officer,                                                                                                          By its authorized officer,

By:    /s/ Christopher A. Staples                                                                           By:           /s/ Steven R. Shepard

           Christopher A. Staples                                                                                                                 Steven  R. Shepard

Title:  Vice President                                                                                                               Title:        Vice President