AMENDMENT TO FUND PARTICIPATION AGREEMENT
Exhibit 8(b)
AMENDMENT TO FUND PARTICIPATION AGREEMENT
This Amendment, effective as of February 25, 2013, between Advanced Series Trust (the Trust), a Massachusetts business trust, Prudential Investments LLC (PI), a New York limited liability company, AST Investment Services, Inc. (ASTIS), a Connecticut corporation and Prudential Retirement Insurance & Annuity Company (PRIAC), a Connecticut life insurance company, to the Fund Participation Agreement made May 1, 2007 (the Agreement).
RECITALS:
WHEREAS, Article III, Sections 3.1, 3.2, 3.3 and 3.4 of the Agreement provides for PRIAC to provide various services relating to the printing and distribution of Trust documents, as well as to provide various other administrative services to the Trust; and
WHEREAS, Article V of the Agreement provides for the Trust to pay to PRIAC a fee of 0.10% as more specifically described in Article V, with respect to the services identified in Article III of the Agreement; and
WHEREAS, shareholders of the Trust recently approved the adoption of a shareholder services and distribution plan (the Plan) pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended; and
WHEREAS, the Plan provides for the Trust to pay Prudential Annuities Distributors, Inc. (PAD) a shareholder services and distribution fee of 0.10%, as more specifically described in the Plan document; and
WHEREAS, the shareholder services and distribution fee payable by the Trust to PAD under the Plan is intended to replace the existing 0.10% fee payable by the Trust to PRIAC, as more specifically described above;
NOW THEREFORE, the Trust, PI, ASTIS and PRIAC hereby agree as follows:
Article III, Sections 3.1, 3.2, 3.3 and 3.4 are hereby deleted from the Agreement. Article V is hereby deleted from the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first written above.
ADVANCED SERIES TRUST | ||
By: |
/s/ Xxxxxxx Xxxxxx | |
Print Name: |
Xxxxxxx Xxxxxx | |
Title: |
President | |
Date: |
April 2, 2013 |
PRUDENTIAL INVESTMENTS LLC | ||
By: |
/s/ Xxxxxxx Xxxxxx | |
Print Name: |
Xxxxxxx Xxxxxx | |
Title: |
Senior Vice President | |
Date: |
April 2, 2013 |
AST INVESTMENT SERVICES, INC. | ||
By: |
/s/ Xxxxxxx Xxxxxx | |
Print Name: |
Xxxxxxx Xxxxxx | |
Title: |
President | |
Date: |
April 2, 2013 |
PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY | ||
By: |
/s/ Xxxx X. Xxxxx | |
Print Name: |
Xxxx X. Xxxxx | |
Title: |
Vice President | |
Date: |
April 4, 2013 |