AMENDMENT NO. 12 TO TRANSFER AGENCY SERVICES AGREEMENT
Exhibit (h)(1)(n)
This Amendment No. 12 to Transfer Agency Services Agreement, dated December 31, 2009 (“Amendment
No. 12”), is being entered into by and between PNC Global Investment Servicing (U.S.) Inc. (“PNC”),
Pacific Life Insurance Company (“Pacific Life”) and Pacific Life Funds (“Fund”).
Background
A. | Effective July 11, 2008, PFPC Inc. changed its name to PNC Global Investment Servicing (U.S.) Inc. | ||
B. | PNC, under its former name PFPC Inc., Pacific Life and Fund previously entered into a Transfer Agency Services Agreement dated as of August 1, 2001 and various amendments thereto (the Transfer Agency Services Agreement together with such amendments are referred to herein as the “Amended Agreement”). The parties agree to amend the Amended Agreement as set forth in this Amendment No. 12. |
Terms
In consideration of the mutual covenants contained herein and other good and valuable
consideration, receipt of which is hereby acknowledged, the parties intending to be legally bound
agree as set forth above and as follows:
1. Modifications to Amended Agreement. The Amended Agreement is amended as follows:
(a) The words “PFPC Inc.” shall be replaced each place they occur with the words “PNC Global
Investment Servicing (U.S.) Inc.” and the defined term “PFPC” shall be replaced each place it
occurs with the defined term “PNC”.
(b) Section 1 is amended by adding new subsections (s) through (x) which shall read in their
entirety as follows:
(s) | “Original Agreement” means the Transfer Agency Services Agreement, dated as of August 1, 2001, between Pacific Life, the Fund and PNC (under its former name PFPC Inc.). | ||
(t) | “Amendments” means the amendments to the Original Agreement listed on Exhibit F hereto. | ||
(u) | “Current Amendment” means the last Amendment listed on Exhibit F. | ||
(v) | “Prior Amendments” means all Amendments with the exception of the Current Amendment. | ||
(w) | “Amended Agreement” means the Original Agreement as amended by the Prior Amendments. | ||
(x) | “Agreement” means the Original Agreement as amended by all Amendments. |
(c) Section 16(a) is amended by deleting the date which appears in said Section 16(a) and replacing
it with “December 31, 2012”.
(d) Section 25(a) is deleted and replaced in its entirety with the following:
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Entire Agreement. The Original Agreement, all Amendments and all Exhibits to the foregoing together constitute the final, complete, exclusive and fully integrated record of the agreement of the parties with respect to the subject matter therein and supersede all prior and contemporaneous oral and written communications, understandings, and agreements with respect to the same subject matter; provided, however, the rights and obligations of the parties under the Agreement as of any particular date during its effectiveness shall be determined exclusively by reference to the terms of the Agreement as it may have been cumulatively amended through such determination date (for purposes of clarity: an Amendment shall apply on and after its effective date and shall not have or be given retroactive application unless retroactive application, in whole or in part, is expressly provided for therein). |
(f) A new Exhibit F shall be added which reads in its entirety as set forth on the Exhibit F
attached to the Amendment dated December 31, 2009.
2. Remainder of Amended Agreement. Except as explicitly amended by this Amendment No. 12,
the terms and provisions of the Amended Agreement are hereby ratified, declared and remain in full
force and effect.
3. Governing Law. The governing law of the Amended Agreement shall be the governing law of
this Amendment No. 12.
4. Entire Agreement. This Amendment No. 12 constitutes the final, complete, exclusive and
fully integrated record of the agreement of the parties with respect to the subject matter herein
and the amendment of the Amended Agreement with respect to such subject matter, and supersedes all
prior and contemporaneous proposals, agreements, contracts, representations and understandings,
whether written, oral or electronic, between the parties with respect to the same subject matter.
5. Facsimile Signatures; Counterparts. This Amendment No. 12 may be executed in one more
counterparts; such execution of counterparts may occur by manual signature, facsimile signature,
manual signature transmitted by means of facsimile transmission or manual signature contained in an
imaged document attached to an email transmission; and each such counterpart executed in accordance
with the foregoing shall be deemed an original, with all such counterparts together constituting
one and the same instrument. The exchange of executed copies of this Amendment No. 12 or of
executed signature pages to this Amendment No. 12 by facsimile transmission or as an imaged
document attached to an email transmission shall constitute effective execution and delivery hereof
and may be used for all purposes in lieu of a manually executed copy of this Amendment No. 12.
[Signature page follows.]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 12 to be executed by their
duly authorized officers as of the day and year first written above.
PNC Global Investment Servicing (U.S.) Inc. | ||||||||
By:
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/s/ Xxxxx X. Xxxxx
|
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Name: Xxxxx X. Xxxxx | ||||||||
Title: Senior Vice President | ||||||||
Pacific Life Insurance Company | ||||||||
By:
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/s/ Xxxxxx X. Milfs | By: | /s/ Xxxxxx X. Xxxxxxxx | |||||
Name: Xxxxxx X. Milfs | Name: Xxxxxx X. Xxxxxxxx | |||||||
Title: Vice President & Secretary | Title: Vice President | |||||||
Pacific Life Funds | ||||||||
By:
|
/s/ Xxxxxx X. Milfs | By: | /s/ Xxxxxx X. Xxxxxxxx | |||||
Name: Xxxxxx X. Milfs | Name: Xxxxxx X. Xxxxxxxx | |||||||
Title: Vice President & Secretary | Title: Vice President |
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EXHIBIT F
Name | Date | |||
Transfer Agency Services Amendment — Exhibit A |
12/31/2001 | |||
Anti-Money Laundering and Privacy Amendment |
7/24/2002 | |||
Amendment Number 1 To The Transfer Agency Services Agreement |
7/31/2002 | |||
Transfer Agency Services Amendment — Exhibit A |
12/31/2002 | |||
Amendment To The Transfer Agency Services Agreement |
1/1/2003 | |||
Amendment To The Transfer Agency Services Agreement |
10/1/2003 | |||
Customer Identification Services Agreement |
10/1/2003 | |||
Amendment To Transfer Agency Services Agreement |
1/1/2007 | |||
Transfer Agency Services Amendment — Exhibit A |
7/1/2007 | |||
Revised Exhibit A to the Transfer Agency Services Agreement |
7/1/2008 | |||
Red Flag Services Amendment |
5/1/2009 | |||
Amendment No. 12 to Transfer Agency Services Agreement |
12/31/2009 |
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