EXPENSE LIMITATION AGREEMENT
Exhibit H(10)
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts corporation (the “Manager”), and MassMutual Select Funds, a Massachusetts business trust (the “Trust”), effective as of the 1st day of December, 2009.
WHEREAS, the Trust is an open-end diversified management investment company registered as such with the Securities and Exchange Commission pursuant to the Investment Company Act of 1940, as amended;
WHEREAS, MassMutual Select Global Allocation Fund (the “Fund”) is a series of the Trust;
WHEREAS, the Manager is an investment adviser registered with the Commission as such under the Investment Advisers Act of 1940, as amended; and
WHEREAS, the Trust has appointed the Manager as its investment manager for the Fund and the Manager has agreed to act in such capacity upon the terms set forth in the relevant Investment Management Agreement;
NOW THEREFORE, the Trust and the Manager hereby agree as follows:
| 1. | Expense Limitation |
The Manager agrees to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, or other non-recurring or unusual expenses), excluding Acquired Fund fees and expenses, through March 31, 2011 at the following amounts. This agreement cannot be terminated unilaterally by the Manager.
MassMutual Select Global Allocation Fund
| Expense Cap | |||
| Class S shares |
.86 | % | |
| Class Y shares |
.96 | % | |
| Class L shares |
1.11 | % | |
| Class A shares |
1.36 | % | |
| Class N shares |
1.66 | % |
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 1st day of December, 2009.
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||
| By: | /s/ Xxxx Xxxxxxx | |
| Xxxx Xxxxxxx, Corporate Vice President | ||
| on behalf of MASSMUTUAL SELECT GLOBAL ALLOCATION FUND | ||
| By: | /s/ Xxxxxxxx Xxxxxxxxx | |
| Xxxxxxxx Xxxxxxxxx, CFO and Treasurer | ||
