AMENDMENT NO. 1 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of New York
The administrative services agreement, dated as of October 1, 2003, by and among
Franklin Xxxxxxxxx Services, LLC and Allianz Life Insurance Company of New York
(the "Agreement") is hereby amended 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 terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of September 12, 2005.
ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK
By: /s/ XXXXXXX XXXXX
---------------------
Name: Xxxxxxx X. Xxxxx
Title: Assistant Secretary and Senior Counsel
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /S/ XXXXX X. XXX
----------------
Name: Xxxxx X. Xxx, CFA
Title: Senior Vice President
17310-2
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 BEGINNING of
# Company NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
1933 ACT NO. RATE COMPUTATION
OF FEE
------------------------------------------------------------------------------------------------------------------
1. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Insurance Advantage ---------------
Company of 333-19699 Franklin Global Communications Securities
New York Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities
Fund
Franklin Real Estate 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
------------------------------------------------------------------------------------------------------------------
2. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Insurance Advantage ---------------
Company of 333-19699 Franklin Zero Coupon Fund 2005 (1)
New York Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17310-2 2
-----------------------------------------------------------------------------------------------------------------------
PRODUCT BEGINNING OF
NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
# COMPANY 1933 ACT NO. RATE COMPUTATION
OF FEE
-----------------------------------------------------------------------------------------------------------------------
3. Allianz Life Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
Insurance 33-26646 ---------------
Company of Franklin Global Communications Securities
New York Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-----------------------------------------------------------------------------------------------------------------------
4. Allianz Life Valuemark II Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
Insurance 33-26646
Company of
New York
-----------------------------------------------------------------------------------------------------------------------
5. Allianz Life Valuemark CLASS 1 SHARES: 0.10% 10/01/03
Insurance IV ---------------
Company of 333-19699 Franklin Global Communications Securities
New York Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities
Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
(1) Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This Fund is closed to new investors as of 5/1/04.
17310-2 3
-----------------------------------------------------------------------------------------------------------------------
PRODUCT BEGINNING OF
NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
# COMPANY 1933 ACT NO. RATE COMPUTATION
OF FEE
-----------------------------------------------------------------------------------------------------------------------
6. Allianz Life Valuemark Franklin Money Market Fund - Class 1* 0.05% 10/01/03
Insurance IV
Company of 333-19699
New York
-----------------------------------------------------------------------------------------------------------------------
7. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Opportunity ---------------
Company of 333-75718 Franklin Global Communications Securities
New York Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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
-----------------------------------------------------------------------------------------------------------------------
8. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/1/03
Insurance Opportunity ---------------
Company of 333-75718 Franklin Zero Coupon Fund 2005 (1)
New York Franklin Zero Coupon Fund 2010
-----------------------------------------------------------------------------------------------------------------------
9. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Charter II ---------------
Company of 333-105274 Franklin Global Communications Securities
New York Fund
Franklin Growth and Income Securities
Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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.
1. Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17310-2 4
----------------------------------------------------------------------------------------------------------------------
PRODUCT BEGINNING OF
# COMPANY NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
1933 ACT NO. RATE COMPUTATION
OF FEE
----------------------------------------------------------------------------------------------------------------------
10. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/1/03
Insurance Charter II ---------------
Company of 333-105274 Franklin Zero Coupon Fund 2005 (1)
New York Franklin Zero Coupon Fund 2010
1. Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17310-2 5
AMENDMENT NO. 2 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of New York
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of New York (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 changing the name of, 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 terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of June 20, 2006.
FRANKLIN XXXXXXXXX SERVICES, LLC ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK
By: /s/ Xxxxxxx X. Xxxxx
By: /s/ Xxxxxx X. Xxxx Name: Xxxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxx Title: Senior Securities Counsel
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.
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
1. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/01/03
Insurance Advantage Franklin Global Communications Securities Fund
Company of 333-19699 Franklin Growth and Income Securities Fund
New York Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Small-Mid Cap Growth 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
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
CLASS 1 SHARES: 0.10% 10/01/03
Franklin Zero Coupon Fund 2010
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
410605-2 2
BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
2. Allianz Life Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
Insurance 33-26646 Franklin Global Communications Securities Fund
Company of Franklin Growth and Income Securities Fund
New York Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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
Xxxxxxxxx Growth Securities Fund
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
Franklin Money Market Fund - Class 1* 0.05% 10/01/03
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
3. Allianz Life Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03
Insurance 333-19699 Franklin Global Communications Securities Fund
Company of Franklin Growth and Income Securities Fund
New York Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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
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.
410605-2 3
BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ COMPUTATION
COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
4. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Opportunity Franklin Global Communications Securities Fund
Company of 333-75718 Franklin Growth and Income Securities Fund
New York Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
CLASS 1 SHARES: 0.10% 10/1/03
--------------
Franklin Zero Coupon Fund 2010
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
5. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03
Insurance Charter II Franklin Global Communications Securities Fund
Company of 333-105274 Franklin Growth and Income Securities Fund
New York Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate 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
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
CLASS 1 SHARES: 0.10% 10/1/03
--------------
Franklin Zero Coupon Fund 2010
-------- --------------- ----------------- ------------------------------------------------- ----------- --------------
410605-2 4
