AMENDMENT NO. 3 TO THE ADMINISTRATION AND SHAREHOLDER SERVICES AGREEMENT
Exhibit (h)(2)(l)
AMENDMENT NO. 3 TO THE
ADMINISTRATION AND SHAREHOLDER SERVICES AGREEMENT
ADMINISTRATION AND SHAREHOLDER SERVICES AGREEMENT
The Administration and Shareholder Services Agreement first made the 13th day of
June, 2001 (the “Agreement”), and subsequently amended from time to time, by and among Pacific Life
Funds (formerly, “Pacific Funds”) (the “Fund”), a Delaware statutory (formerly “business”) trust
and Pacific Life Insurance Company (the “Administrator”), an insurance company domiciled under the
laws of Nebraska (formerly “California”), is hereby amended as follows, effective April 6, 2011
(the “Amendment”). Capitalized terms not defined herein shall have the meaning ascribed to them in
the Agreement.
WHEREAS, the Fund and the Administrator desire to amend the Agreement in accordance with the
provisions set forth in this Amendment;
NOW THEREFORE, in consideration of the renewal of the premises, the promises, and the mutual
covenants contained in the Agreement and the good and valuable consideration paid in connection
with the Agreement, the receipt and sufficiency of which are hereby acknowledged, the Fund and
Administrator agree that the Agreement is amended as follows:
In Section (4) of the Agreement, the following new paragraph (c) is added:
Compensation.
(c) Pacific Life shall xxxx the Fund at least quarterly, within 30 days of the end of the
period. Amounts are due 30 days after the billing date. Pacific Life has the right, in addition to
all other rights and remedies available to it, to offset all assets and liabilities arising under
agreements to which it is a party with the Fund, if applicable, including the unpaid balance of
amounts owed to it in connection with the services provided under this Agreement. Net amounts due
and/or payable will be determined at the end of each accounting period.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers designated below on the day and year first above written.
PACIFIC LIFE FUNDS | ||||||||||
By: Name: |
/s/ Xxxxxx X. Xxxxxxx
|
By: Name: |
/s/ Xxxx X. Xxxx
|
|||||||
Title:
|
Vice President & Chief Compliance Officer | Title: | Secretary | |||||||
PACIFIC LIFE INSURANCE COMPANY | ||||||||||
By: Name: |
/s/ Xxxxxx X. Xxxxxxx
|
By: Name: |
/s/ Xxxx X. Xxxx
|
|||||||
Title:
|
Senior Vice President & General Counsel | Title: | Secretary |