SECOND AMENDMENT TO RETAIL FUND PARTICIPATION AGREEMENT
RETAIL FUND PARTICIPATION AGREEMENT
THIS SECOND AMENDMENT (“Amendment”) is made and entered into this 4th day of January, 2019, by and among XXXXXXX RESOLUTION LIFE INSURANCE COMPANY (formerly named Hartford Life Insurance Company), a stock life insurance company organized under the laws of Connecticut (hereinafter the “Company”), XXXXXXX RESOLUTION DISTRIBUTION COMPANY, INC. (formerly named Hartford Securities Distribution Company, Inc.) (hereinafter “TRD”), a broker-dealer registered with the Securities Exchange Commission under the Securities Act of 1934, a member of the Financial Industry Regulatory Authority, and an affiliate of Company, and DELAWARE DISTRIBUTORS, L.P., a limited partnership organized under the State of Delaware (hereinafter the “Underwriter”). This Amendment amends the Retail Fund Participation Agreement dated November 6, 2008, as amended (the “Agreement”) entered into between the Company, on its own behalf and on behalf of each separate account of the Company set forth in Schedule A to the Agreement (each such account hereinafter referred to as a “Separate Account”), and the Underwriter as the distributor to each open-end diversified management investment company (hereinafter each a “Fund’’) set forth in Schedule B to the Agreement, and amended on February 10, 2012.
WHEREAS, the Company, TRD and the Underwriter desire to amend Schedule B of the Agreement to include Share Class R6 of each Fund;
WHEREAS, the parties desire to memorialize the Amendment to the Agreement.
NOW, THEREFORE, in consideration of these premises and the terms and conditions set forth herein, the parties agree as follows:
1. All references to Hartford Life Insurance Company shall be replaced with Xxxxxxx Resolution Life Insurance Company.
2. All references to Hartford Securities Distribution Company, Inc. shall be replaced with Xxxxxxx Resolution Distribution Company, Inc.
3. Section 9.1(a) is hereby amended to replace the following information at the end of this section:
If to the Company:
Massachusetts Mutual Life Insurance Company
As Administrator for Xxxxxxx Resolution Life Insurance Company
000 Xxxxxx Xxxxxx Xxxx. Xxxxxxx, Xxxxxxxxxxx 00000
Attention: RS Fund Operations. MIP M200-INVST
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
with a copy to:
Law Department, Retirement Services
Massachusetts Mutual Life Insurance Company
000 Xxxxxx Xxxxxx Xxxx.
Xxxxxxx, Xxxxxxxxxxx 00000
If to Xxxxxxx Resolution Distribution Company, Inc.:
Xxxxxxx Resolution Distribution Company, Inc.
0 Xxxxxxx Xxxx Xxxxx
Xxxxxxx, XX 00000
Attention: General Counsel
4. Schedule B of the Agreement is hereby amended to include Share Class R6 of each Fund (“Class R6 Funds’’) set forth on Attachment 1 hereto. Any future Class R6 Funds that are offered by the Underwriter will also be available for purchase by the Company pursuant to the terms of this Amendment.
1. Pursuant to the Company’s obligation under the Agreement to comply with the terms and conditions of a Fund’s prospectus, the Company hereby represents that any Class R6 Funds orders will meet the eligibility requirements of the Class R6 Funds, as set forth in the prospectuses, as they may be amended from time to time. The Company further represents and acknowledges that it is aware that the current eligibility requirements of the Class R6 Funds, as of the date of this Amendment, are as follows:
· Class R6 Funds are generally available to certain employer-sponsored retirement plans, such as 401(k) plans, 457 plans, 403(b) plans, profit-sharing plans and money purchase pension plans, defined benefit plans, employer-sponsored benefit plans, and non-qualified deferred compensation plans. In addition, for the employer-sponsored retirement plans, Class R6 Funds must be held through plan level or omnibus accounts held on the books of the Fund, and Class R6 Funds are only available for purchase through financial intermediaries who have the appropriate agreement with the Underwriter (or its affiliates) related to Class R6 Funds.
· Class R6 Funds are also available for purchase through certain programs, platforms, or accounts that are maintained or sponsored by financial intermediary firms (including but not limited to, brokers, dealers, banks, trust companies, or entities performing trading/clearing functions), provided that the financial intermediary firm has entered into an agreement with the Underwriter (or its affiliates) related to Class R6 Funds for such programs, platforms or accounts.
· Class R6 Funds are generally available to certain institutional investors and high net worth individuals who make a minimum initial investment directly in the Funds’ Class R6 Funds of $1,000,000 or more and who have completed an application and been approved by the Funds for such investment. These institutional investors and high net worth individuals must retain Class R6 Funds directly in their names and will not be permitted to hold such shares through an omnibus account or other similar arrangements.
5. The Company represents and acknowledges that no fees will be paid to the Company under the Agreement or otherwise (including pursuant to any Dealer Agreement and/or any other agreement) for any investments in Class R6 Funds, and any reference to payment of fees set forth in the Agreement is inapplicable for any investments in Class R6 Funds. In particular, neither the Underwriter, the Funds, nor any of their affiliates, will pay any service fees, sub-accounting fees, and/or subtransfer agency fees to the Company for investments in Class R6 Funds.
6. Other than the foregoing, all other terms and conditions of the Agreement shall remain unchanged and in full force and effect and are ratified and confirmed in all respects by the parties to this Amendment.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed in its name and behalf by its duly authorized representative as of the date first written above.
XXXXXXX RESOLUTION LIFE |
DELAWARE DISTRIBUTORS, L.P. | ||||
INSURANCE COMPANY |
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By Massachusetts Mutual Life Insurance |
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Company, Its Administrator |
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|
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By: |
[Redacted] |
By: |
[Redacted] | ||
Name: |
[Redacted] |
Name: |
[Redacted] | ||
Title: |
Senior Vice President |
Title: |
President | ||
|
| ||||
XXXXXXX RESOLUTION DISTRIBUTION |
| ||||
COMPANY, INC. |
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|
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By: |
[Redacted] |
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Name: |
[Redacted] |
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Title: |
President & CEO |
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ATTACHMENT 1
CLASS R6 FUND LIST
As of April 1, 2018
Fund |
|
Fund |
|
Share |
|
Type |
|
CUSIP |
|
NASDAQ |
199 |
|
Delaware Diversified Income |
|
R6* |
|
Fixed Income |
|
245917612 |
|
DPZRX |
200 |
|
Delaware Emerging Markets |
|
R6* |
|
Equity |
|
245914510 |
|
DEMZX |
487 |
|
Delaware Extended Duration Bond |
|
R6* |
|
Fixed Income |
|
245908629 |
|
DEZRX |
000 |
|
Xxxxxxxx Xxxxxxxxxxxxx Xxxxx Xxx |
|
X0* |
|
Equity |
|
245914486 |
|
DGRRX |
566 |
|
Delaware International Value Equity |
|
R6* |
|
Equity |
|
245914478 |
|
DEQRX |
604 |
|
Delaware Limited-Term Diversified Income |
|
R6* |
|
Fixed Income |
|
245912886 |
|
DLTZX |
548 |
|
Delaware REIT |
|
R6* |
|
Equity |
|
246248454 |
|
DPRDX |
488 |
|
Delaware Small Cap Core |
|
R6* |
|
Equity |
|
246108826 |
|
DCZRX |
489 |
|
Delaware Small Cap Value |
|
R6* |
|
Equity |
|
00000X000 |
|
DVZRX |
500 |
|
Delaware Xxxx Cap Growth |
|
R6* |
|
Equity |
|
00000X000 |
|
DFZRX |
000 |
|
Xxxxxxxx X.X. Xxxxxx |
|
X0* |
|
Equity |
|
245917S96 |
|
DUZRX |
518 |
|
Delaware Value |
|
R6* |
|
Equity |
|
00000X000 |
|
DDZRX |
*No fees will be paid to financial intermediary for any investments in Class R6 Funds.