AMENDMENT NO. 5 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of North America
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of North America
(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 teens and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of August 8, 2008.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH
AMERICA
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Vice President II
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Vice President
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.
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
1. Allianz Value Class 1 Shares: 0.10% 10/01/03
Life
33-11158
Franklin Global Communication Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
2. Allianz Alterity Class 2 Shares: 0.20% 10/01/03
333-82329
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
* This fund is closed to new investors as of 5/1/04.
2
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
Allianz Alterity Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
(cont'd)
333-82329 Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
3. Allianz Class 2 Shares: 0.20% 10/01/03
Dimensions Franklin Global Communications Securities Fund
33-47886 Franklin Growth and Income Securities Fund
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% 10/01/03
4. Allianz Class 2 Shares: 0.20% 10/01/03
Rewards Franklin Global Communications Securities Fund
333-95729 Franklin Growth and Income Securities Fund
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% 10/01/03
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
3
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
5. Allianz Charter Class 2 Shares: 0.20% 10/01/03
333-63719 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 2 * 0.05% 10/01/03
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
6. Valuemark II Class 1 Shares: 0.10% 10/01/03
33-23035 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
* This fund is closed to new investors as of 5/1/04.
4
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
7. Valuemark III Class 1 Shares: 0.10% 10/01/03
33-72046 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
8. Valuemark Class 1 Shares: 0.10% 10/01/03
Income Plus Franklin Global Communications Securities Fund
33-76190 Franklin Growth and Income Securities Fund.
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
Templeton Global Asset Allocation Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
* This fund is closed to new investors as of 5/1/04.
5
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
9. Valuemark IV Class 1 Shares: 0.10% 10/01/03
333-06709 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
10. Valuemark Life Class 1 Shares: 0.10% 10/01/03
33-15464 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
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
Templeton Global Asset Allocation Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
* This fund is closed to new investors as of 5/1/04.
6
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
11. Allianz Life Class 2 Shares: 0.20% 10/01/03
Fund Franklin Global Communications Securities Fund
333-60206 Franklin Growth and Income Securities Fund
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% 10/01/03
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
12. Allianz High Class 2 Shares: 0.20% 10/01/03
Five Franklin Global Communications Securities Fund
333-90260 Franklin Growth and Income Securities Fund
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% 10/01/03
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20%. 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
7
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
13. Allianz Charter Class 2 Shares: 0.20% 10/01/03
Il Franklin Global Communications Securities Fund
333-101812 Franklin Growth and Income Securities Fund
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% 10/01/03
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
14. Allianz High Class 2 Shares: 0.20% 10/01/03
Five Bonus Franklin Global Communications Securities Fund
333-111049 Franklin Growth and Income Securities Fund
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% 10/01/03
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund Class 2
8
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
15. Allianz High Class 2 Shares: 0.20% 04/29/05
Five L Franklin Global Communications Securities Fund
333-120181 Franklin Growth and Income Securities Fund
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% 04/29/05
Xxxxxxxxx Global Income Securities Funds- Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
16. Allianz Custom Class 2 Shares: 0.20% 05/01/06
Income Franklin Income Securities Fund
333-126217 Franklin U.S. Government Fund
Mutual Shares Securities Fund
Class 2 Shares: 0.20% 05/01/07
Mutual Discovery Securities Fund
Xxxxxxxxx Global Income Securities Funds
Franklin Xxxxxxxxx VIP Founding Funds Allocation 0.20% 09/21/07
Fund - Class 2
9
# PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
17. Allianz Elite Class 2 Shares: 0.20% 05/01/07
333-134267 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities 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
Franklin Xxxxxxxxx VIP Funding Funds Allocation 0.20% 09/21/07
Fund - Class 2
18. Allianz Vision Class 2 Shares: 0.20% 05/01/07
333-139701 Franklin Global Communications Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07
Franklin Xxxxxxxxx VIP Funding Funds Allocation 0.20% 09/21/07
Fund - Class 2
19. Allianz Class 2 Shares: 0.20% 05/01/08
Connections Franklin Global Communications Securities Fund
333-145866 Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/08
Franklin Xxxxxxxxx VIP Funding Funds Allocation 0.20% 05/01/08
Fund - Class 2
10
