Amendment No. 2 to Administrative Services Agreement Franklin Templeton Services, LLC Pacific Life Insurance Company
Amendment No. 2 to
Administrative Services Agreement
Franklin Xxxxxxxxx Services, LLC
Pacific Life Insurance Company
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC (the “Fund Administrator”) and Pacific Life Insurance Company (the “Company”).
WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of March 17, 2008, 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”) listed on the Schedule B of the Agreement;
WHEREAS, the Company and the Fund Administrator wish to amend the Agreement for the purpose of adding certain new Funds and 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 in its entirety and replaced 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 May 23, 2012.
FRANKLIN XXXXXXXXX SERVICES, LLC | PACIFIC LIFE INSURANCE COMPANY | |||||||
By: | /s/ Xxxxxx X. Xxxxx | By: | /s/ Xxxx X. Xxxxxxxx | |||||
Name: | Xxxxxx X. Xxxxx | Name: | Xxxx X. Xxxxxxxx | |||||
Title: | Vice President | Title: | Assistant Vice President | |||||
Attest: | /s/ Xxxx X. Xxxx | |||||||
Name: | Xxxx X. Xxxx | |||||||
Title: | Corporate Secretary |
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. Only one fee rate is in effect for each Contract; for each Contract higher fee rates supersede and replace lower fee rates, which are shown for reference only.
# |
Company Name |
Product Name/ Securities Act No. |
Funds of the Trust |
Fee Rate |
Date of beginning of period for computation of fee | |||||
1. |
Pacific Life Insurance Company | Pacific One Select 033-88458 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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2. |
Pacific Life Insurance Company | Pacific One 033-88458 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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3. |
Pacific Life Insurance Company | Pacific Odyssey 333-53040 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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4. |
Pacific Life Insurance Company | Pacific Innovations Select 333-93059 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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5. |
Pacific Life Insurance Company | Pacific Innovations 333-93059 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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6. |
Pacific Life Insurance Company | Pacific Portfolios 033-88460 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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7. |
Pacific Life Insurance Company | Pacific Portfolios for Chase 033-88460 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
2
# |
Company Name |
Product Name/ Securities Act No. |
Funds of the Trust |
Fee Rate |
Date of beginning of period for computation of fee | |||||
8. |
Pacific Life Insurance Company | Pacific Value 333-60833 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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9. |
Pacific Life Insurance Company | Pacific Voyages 333-136597 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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10. |
Pacific Life Insurance Company | Pacific Explorer 333-141135 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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11. |
Pacific Life Insurance Company | Pacific Journey 333-145822 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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12. |
Pacific Life Insurance Company | Pacific Value Edge 333-148865 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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13. |
Pacific Life Insurance Company | Pacific Select Variable Annuity 033-32704 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2 |
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14. |
Pacific Life Insurance Company | Pacific Destinations 333-160772 |
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 4 | |||||||
Class 2 Shares: Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund Mutual Global Discovery Securities Fund Xxxxxxxxx Global Bond Securities Fund
Class 4 Shares: Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund |
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15. |
Pacific Life Insurance Company | Pacific Select Exec 033-21754 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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16. |
Pacific Life Insurance Company | Pacific Select Exec II 333-60461 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
3
# |
Company Name |
Product Name/ Securities Act No. |
Funds of the Trust |
Fee Rate |
Date of beginning of period for computation of fee | |||||
17. |
Pacific Life Insurance Company | Pacific Select Exec III 333-60461 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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18. |
Pacific Life Insurance Company | Pacific Select Exec IV 333-150092 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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19. |
Pacific Life Insurance Company | Pacific Select Exec V 333-150092 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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20. |
Pacific Life Insurance Company | Pacific Select Exec VI 333-153022 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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21. |
Pacific Life Insurance Company | Pacific Select Accumulator 333-118913 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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22. |
Pacific Life Insurance Company | M’s Versatile Product 333-61135 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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23. |
Pacific Life Insurance Company | M’s Versatile Product VI 333-61135 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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24. |
Pacific Life Insurance Company | M’s Versatile Product VII 333-152224 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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25. |
Pacific Life Insurance Company | M’s Versatile Product VIII 333-152224 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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26. |
Pacific Life Insurance Company | M’s Versatile Product – Survivorship 333-106969 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
4
# |
Company Name |
Product Name/ Securities Act No. |
Funds of the Trust |
Fee Rate |
Date of beginning of period for computation of fee | |||||
27. |
Pacific Life Insurance Company | M’s Versatile Product - Survivorship II 333-153027 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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28. |
Pacific Life Insurance Company | Pacific Select Estate Preserver 333-01713 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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29. |
Pacific Life Insurance Company | Pacific Select Estate Preserver II 333-20355 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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30. |
Pacific Life Insurance Company | Pacific Select Estate Preserver III 333-01713 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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31. |
Pacific Life Insurance Company | Pacific Select Estate Preserver IV 333-20355 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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32. |
Pacific Life Insurance Company | Pacific Select Estate Preserver V 333-65458 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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33. |
Pacific Life Insurance Company | Pacific Select Estate Preserver VI 333-153022 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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34. |
Pacific Life Insurance Company | Pacific Select Choice 033-57908 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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35. |
Pacific Life Insurance Company | Pacific Select Performer 500 333-102902 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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36. |
Pacific Life Insurance Company | Pacific Select Estate Maximizer 333-14005 |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
5
# |
Company Name |
Product Name/ Securities Act No. |
Funds of the Trust |
Fee Rate |
Date of beginning of period for computation of fee | |||||
37. |
Pacific Life Insurance Company | Pacific COLI Rider (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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38. |
Pacific Life Insurance Company | Pacific COLI (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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39. |
Pacific Life Insurance Company | Pacific COLI II (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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40. |
Pacific Life Insurance Company | Pacific COLI III (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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41. |
Pacific Life Insurance Company | Pacific COLI IV (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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42. |
Pacific Life Insurance Company | Pacific COLI V (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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43. |
Pacific Life Insurance Company | Pacific COLI VI (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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44. |
Pacific Life Insurance Company | Pacific COLI VII (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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45. |
Pacific Life Insurance Company | Magnastar (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
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46. |
Pacific Life Insurance Company | Magnastar - Survivorship (Not Registered) |
Xxxxxxxxx Global Bond Securities Fund – Class 2 Xxxxxxxxx Foreign Securities Fund – Class 2 |
6