Amendment No. 4 to Administrative Services Agreement Franklin Templeton Services, LLC Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company
Item 26. Exhibit (h) i. f. 2.
Amendment No. 4 to
Administrative Services Agreement
Franklin Xxxxxxxxx Services, LLC Massachusetts
Mutual Life Insurance Company C.M. Life
Insurance Company
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC (the “Fund Administrator”), Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company (together, the “Company”).
WHEREAS, the Company, MML Bay State Life Insurance Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of May I, 2002, as amended August 10, 2005 and December 28,2007 (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 updating schedules and adding some new Funds and 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 Schedules 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 8, 2020.
FRANKLIN XXXXXXXXX SERVICES, LLC | MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||
By: | /s/ Xxxxx Xxxxxxxxx | By: | /s/ Xxxxxxx X. Xxxx | ||
Name: | Xxxxx Xxxxxxxxx | Name: | Xxxxxxx X. Xxxx | ||
Title: | President | Title: | Head of Institutional Insurance | ||
C.M. LIFE INSURANCE COMPAY | |||||
By: | /s/ Xxxxxxx X. Xxxx | ||||
Name: | Xxxxxxx X. Xxxx | ||||
Title: | Head of Institutional Insurance | ||||
1 |
Schedule B Administrative
Expense Payment
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.
# | Company Name | Separate Account/ | Class/Funds of the Trust | Fee | Date of |
Registration Yes/No. | Rate | beginning of | |||
period for | |||||
computation | |||||
of fee | |||||
1. | Massachusetts Mutual Life Insurance Company | Massachusetts Mutual Variable Life Separate Account I Yes |
Class 2 Shares: | [____]% | 05/01/03 |
Franklin Small Cap Value VIP Fund | |||||
Xxxxxxxxx Foreign VIP Fund | |||||
Class 1 Shares: | [____]% | 10/01/16 | |||
Franklin Mutual Global Discovery VIP Fund | |||||
Franklin Small Cap Value VIP Fund | |||||
Franklin Strategic Income VIP Fund | |||||
Xxxxxxxxx Global Bond VIP Fund | |||||
Class 2 Shares: | |||||
Franklin Mutual Global Discovery VIP Fund | |||||
Franklin Strategic Income VIP | |||||
2. | C.M. Life Variable Life Insurance Company | C.M. Life Variable Life Separate Account I | Class 2 Shares: | [____]% | 05/01/03 |
Franklin Small Cap Value VIP Fund | |||||
Yes | Xxxxxxxxx Foreign VIP Fund | ||||
3. | Massachusetts Mutual Life Insurance Company | Massachusetts Mutual Life Separate Account IX | Class 1 Shares: | [____]% | 09/08/2020 |
Franklin Income VIP Fund | |||||
Franklin Mutual Global Discovery VIP Fund | |||||
Franklin Rising Dividends VIP Fund | |||||
Franklin Small Cap Value VIP Fund | |||||
Franklin Small-Mid Cap Growth VIP Fund | |||||
Franklin Strategic Income VIP Fund | |||||
Xxxxxxxxx Global Bond VIP Fund |
2 |