SERVICING AGENT AGREEMENT
Exhibit 8(c)
WHEREAS, Pacific Life & Annuity Company (“PL&A”) has previously entered into a participation
agreement (“Participation Agreement”) with respect to sales of Shares of certain series of
investment companies advised by XTF Advisors L.P. (“Adviser”). In consideration of the performance
of the marketing support services by PL&A, agreement made this 21st day of March by and between
PL&A (“Servicing Agent”) and Adviser, with respect to the mutual funds listed in Attachment A (each
an “Investment Company”). The Adviser and Servicing Agent have entered into this Agreement on
March 21, 2007.
As consideration for such services, Adviser agrees to pay, or will cause one or more of its
affiliates to pay, a fee for Investment Companies and classes to Servicing Agent in the amount and
on the terms specified in Attachment B to this agreement (the “Fee”). Fee will be paid from the
assets of Adviser or its affiliates and not from the assets of any investment company distributed
by Adviser.
Servicing Agent agrees to provide the following non-exclusive services with regard to its variable
annuity contracts:
1. | Teleservicing support in connection with the Portfolios; | ||
2. | Facilitation of delivery of current prospectuses, reports, supplements, notices, annual and semi-annual reports, proxies and other informational materials; | ||
3. | Facilitation of the tabulation of contract owners’ votes in the event of a meeting of Portfolio shareholders; | ||
4. | Providing information relating to the variable annuity contracts and share balances under such variable annuity contracts to the Trust as may be reasonably requested; | ||
5. | Providing communication support services including providing information about the Portfolios and answering questions concerning the Portfolios, including questions regarding variable annuity contract owners’ interests in one or more Portfolios; | ||
6. | Administering fund transfers, pre-authorized deposits and withdrawals involving the Portfolios; | ||
7. | Providing office space, equipment, facilities and personnel (which may be any part of the space, equipment, facilities and personnel currently used in the Servicing Agent’s business, or any personnel employed by the Servicing Agent) and as may be reasonably required or beneficial in order to provide the above-referenced services to variable annuity contract owners; and | ||
8. | Providing such other services as may be agreed upon. |
Servicing Agent will provide invoices to the persons that Adviser identifies.
Servicing Agent and Adviser represent and warrant to the other that their performance under this
agreement does not violate any law or legal requirement, including the rules of any applicable
self-regulatory organization.
This agreement will automatically renew annually unless terminated by either Servicing Agent or
Adviser with 30 days’ written notice to the other party. In addition, this agreement will
automatically terminate in the event: (1) the Participation Agreement with respect to the
Investment Company terminates; or (2) Adviser ceases to serve as the investment adviser to any
Investment Company governed by the Participation Agreement. However, with respect to event
numbered (2) such termination of this Agreement will occur only to the extent it applies to the
affected Investment Company(ies) and this Agreement shall otherwise remain in effect as it applies
to all other Investment Companies not so affected.
Servicing Agent agrees to disclose all material aspects of this Agreement, as required by law and
regulation and the rules of any and all self-regulatory organizations of which Servicing Agent is a
member.
This Agreement (including all referenced attachments, which are deemed incorporated herein), which
continues in full force and effect, constitutes the entire agreement between Adviser and Servicing
Agent relating to the subject matter hereof and supersedes any prior understandings, agreements, or
representations by or between Adviser and Servicing Agent, written or oral, to the extent they
related in any way to the subject matter hereof.
This Agreement is governed by and construed in accordance with the laws of the State of New York
without regard to any choice or conflict of law provisions or rules that would cause the
application of the laws of any jurisdiction.
PACIFIC LIFE & ANNUITY COMPANY | XTF FUND ADVISORS | |||||
By:
|
/s/Xxxxx X. Xxxx | By: | /s/Xxxxxxx X. Xxxxx | |||
Name:
|
Xxxxx X. Xxxx | Name: | Xxxxxxx X. Xxxxx | |||
Title:
|
Executive Vice President | Title: | CEO | |||
And Chief Financial Officer |
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Attachment A
Mutual Fund | Class | |
XTF Moderate Conservative Portfolio | ||
XTF Moderate Portfolio | ||
XTF Moderate Aggressive Portfolio |
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Attachment B
In consideration of the services set forth in the Agreement to which this Attachment A is made a
part, Adviser agrees to pay Servicing Agent an annual fee, payable in quarterly installments which
are due and payable within 60 days of the end of each calendar quarter, calculated as follows:
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