AMENDMENT NO. 1 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
CUNA Mutual Insurance Society
THlS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and CUNA Mutual Insurance Society (the "Company").
WHEREAS, The Company and the Fund Administrator have entered into an
Administrative Services Agreement, dated as of March 31, 2008, as may be amended
from time to time (the "Agreement"), concerning certain administrative services
with respect to each series ("Fund" or "Funds") of Franklin Xxxxxxxxx Variable
Insurance Products Trust (the "Trust") listed on the Schedule B of the
Agreement;
WHEREAS, the Company and the Fund Administrator wish to amend the
Agreement for the purpose of adding certain new variable life or variable
annuity insurance contracts covered by the Agreement.
NOW, THEREFORE, in consideration of past and prospective business
relations, the Fund Administrator and the Company hereby amend the Agreement as
follows:
1. Schedule B of the Agreement is hereby deleted in its entirety and replaced
with the Schedule B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of September 10, 2008.
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /s/ Xxxxxx Xxxxxx
----------------------
Name: Xxxxxx Xxxxxx
Title: Vice President
CUNA MUTUAL INSURANCE SOCIETY
By: /s/ Xxxxxx X. Xxxxxxx
----------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
SCHEDULE B
ADMINISTRATIVE EXPENSE PAYMENT
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The Fund Administrator agrees to pay the Company a fee, computed daily and
paid quarterly in arrears, equal to an annual rate as set forth below, applied
to the average daily net assets of the shares of the Funds held in the
subaccounts of the Accounts. The payment will be computed and paid in the manner
described more completely in the Agreement.
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# COMPANY PRODUCT NAME/ FUNDS OF THE TRUST DATE OF
SECURITIES ACT NO. FEE BEGINNING OF
RATE PERIOD FOR
COMPUTATION OF
FEE
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1. CUNA Mutual CUNA Mutual Class 4 Shares: 0.10% 05/01/08
Insurance Group Variable Franklin Income Securities Fund
Society Annuity Account Franklin High Income Securities Fund
(not registered) Mutual Discovery Securities Fund
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Class 1 Shares: 0.10% 10/01/08
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Small Cap Value Securities
Fund Xxxxxxxxx Developing Markets
Securities Fund Xxxxxxxxx Global
Income Securities Fund
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Class 2 Shares 0.10% 10/01/08
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Small Cap Value Securities
Fund Mutual Shares Securities Fund
Xxxxxxxxx Global Income Securities
Fund
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2. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08
Insurance Variable Annuity I Franklin Income Securities Fund
Society 333-148421 Franklin High Income Securities Fund
Mutual Discovery Securities Fund
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3. CUNA Mutual MEMBERS Variable Class 4 Shares: 0.10% 05/01/08
Insurance Annuity II Franklin Income Securities Fund
Society 333-148423 Franklin High Income Securities Fund
Mutual Discovery Securities Fund
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4. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08
Insurance Choice VA Franklin Income Securities Fund
Society 333-148422 Franklin High Income Securities Fund
Mutual Discovery Securities Fund
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# COMPANY PRODUCT NAME/ FUNDS OF THE TRUST DATE OF
SECURITIES ACT NO. FEE BEGINNING OF
RATE PERIOD FOR
COMPUTATION OF
FEE
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5. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08
Insurance Variable Annuity Franklin Income Securities Fund
Society III Franklin High Income Securities Fund
333-148426 Mutual Discovery Securities Fund
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