AMENDMENT NO. 3 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of New York
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of New York (the
"Company").
WHEREAS, The Company and the Fund Administrator have entered into an
Administrative Services Agreement, dated as of October 1, 2003, 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"), which Funds are investment
options in certain variable life insurance and variable annuity contracts issued
by the Company; and
WHEREAS, the Company and the Fund Administrator wish to amend the
Agreement for the purpose of adding certain Funds and updating certain 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 and replaced in its entirety
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 July 31, 2007.
ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK
By: /S/ XXXXXXX X. XXXXX
Name: Xxxxxxx X. Xxxxx
Title: Senior Securities Counsel
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /S/ XXXXXX XXXXXX
Name: Xxxxxx Xxxxxx
Title: Vice President
Allianz NY ASA Amd #3 2007-7-16.doc
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.
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BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
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1. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/01/03
Insurance Advantage Franklin Global Communications Securities Fund
Company of 333-19699 Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate
Securities Fund Franklin Rising
Dividends Securities Fund Franklin
Small Cap Value Securities Fund
Franklin Small-Mid Cap Growth
Securities Fund Franklin U.S.
Government Fund Mutual Discovery
Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing
Markets Securities Fund Xxxxxxxxx
Foreign Securities Fund Xxxxxxxxx
Growth Securities Fund
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Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Xxxxxxxxx Global Income Securities Fund - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
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2. Allianz Life Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
Insurance 33-26646 Franklin Global Communications Securities Fund
Company of Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate
Securities Fund Franklin Rising
Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities
Fund Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010 Mutual
Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing
Markets Securities Fund Xxxxxxxxx
Foreign Securities Fund Xxxxxxxxx
Growth Securities Fund
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2
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BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Valuemark II Franklin Money Market Fund - Class 1* 0.05% 10/01/03
(cont'd)
33-26646
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Xxxxxxxxx Global Income Securities Fund, Class 1 0.10% 05/01/07
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3. Allianz Life Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03
Insurance 333-19699 Franklin Global Communications Securities Fund
Company of Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate
Securities Fund Franklin Rising
Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities
Fund Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010 Mutual
Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing
Markets Securities Fund Xxxxxxxxx
Foreign Securities Fund Xxxxxxxxx
Growth Securities Fund
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Franklin Money Market Fund - Class 1* 0.05% 10/01/03
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Xxxxxxxxx Global Income Securities Fund, Class 1 0.10% 05/01/07
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
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4. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Opportunity Franklin Global Communications Securities Fund
Company of 333-75718 Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate
Securities Fund Franklin Rising
Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities
Fund Franklin U.S. Government Fund
Mutual Discovery Securities Fund Mutual
Shares Securities Fund Xxxxxxxxx
Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/1/03
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Xxxxxxxxx Global Income Securities Fund - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
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* This Fund is closed to new investors as of 5/1/04.
3
BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
5. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Charter II Franklin Global Communications Securities Fund
Company of 333-105274 Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate
Securities Fund Franklin Rising
Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities
Fund Franklin U.S. Government Fund
Mutual Discovery Securities Fund Mutual
Shares Securities Fund Xxxxxxxxx
Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/1/03
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Xxxxxxxxx Global Income Securities Fund - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
6. Allianz Life Allianz High CLASS 2 SHARES: 0.20% 05/01/07
Insurance Five NY Franklin Global Communications Securities Fund
Company of 333-124767 Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Xxxxxxxxx VIP Founding Funds Allocation
Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
-------- --------------- --------------- ----------------------------------------------------- --------- ---------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07
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