EX-99.26(H)IG 3 d291188dex9926hig.htm T ROWE PRICE AMENDMENT AND DIST AGMT AMEND EFF SEPTEMBER 1, 2016 T Rowe Price Amendment and Dist Agmt Amend eff September 1, 2016

Item 26. Exhibit (h) i. g.

SCHEDULE A

Effective as of September 1, 2016, this Schedule A is hereby amended as follows:

ACCOUNTS, POLICIES AND PORTFOLIOS

SUBJECT TO THE PARTICIPATION AGREEMENT

 

Name of Separate Account 

and Date Established by

Board of Directors

 

Policies Funded
by Separate

Account

 

Portfolios Applicable to Policies

   

Strategic GVUL

 

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price New America Growth Portfolio

   

Strategic Life 9

 

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price New America Growth Portfolio

   

Strategic Life 10

 

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price New America Growth Portfolio

Massachusetts Mutual

Variable Life Separate

Account I

Established July 13, 1988

 

MassMutual
Electrum
(Strategic Life 18)

 

T. Rowe Price Fixed Income Series, Inc.

•    T. Rowe Price Limited Term Bond Portfolio (Class I or II)

   

Survivorship
Variable
Universal Life

 

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price Blue Chip Growth Portfolio

•    T. Rowe Price Equity Income Portfolio

   

Variable
Universal Life

 

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price Blue Chip Growth Portfolio

•    T. Rowe Price Equity Income Portfolio

   

Variable Life
Select

 

T. Rowe Price Equity Series, Inc.

T. Rowe Price Mid-Cap Growth Portfolio

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Survivorship
Variable
Universal Life II

  

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price Blue Chip Growth Portfolio

•    T. Rowe Price Equity Income Portfolio

     
   

Variable Life Plus 

  

T. Rowe Price Equity Series, Inc.

T. Rowe Price Mid-Cap Growth Portfolio

   

VUL II

  

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price Blue Chip Growth Portfolio

•    T. Rowe Price Equity Income Portfolio

   

VUL Guard

  

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Mid-Cap Growth Portfolio

•    T. Rowe Price Blue Chip Growth Portfolio

•    T. Rowe Price Equity Income Portfolio

   

Survivorship VUL
Guard

  

T. Rowe Price Equity Series, Inc.

•    T. Rowe Price Blue Chip Growth

•    T. Rowe Price Equity Income Portfolio

IN WITNESS HEREOF, Massachusetts Mutual Life Insurance Company, T. Rowe Price Investment Services, Inc. and the undersigned Funds hereby amend this Schedule A in accordance with the Participation Agreement made and entered into as of the 1st day of June, 1998.

 

COMPANY:

  

MASSACHUSETTS MUTUAL LIFE INSURANCE


     

    COMPANY

     

    By its authorized officer

     

    By:_/s/ Tina M. Wilson_________________

     

    Title:__Senior Vice President____________

     

     Date:___9-30-2016____________________

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FUND:

        T. ROWE PRICE EQUITY SERIES, INC.
     

    By its authorized officer

     

    By:____/s/ Darrell Braman_____________

     

                 Darrell Braman

     

    Title:    Vice President

     

     Date:_____10-17-16__________________

FUND:

        T. ROWE PRICE FIXED INCOME SERIES, INC.
     

    By its authorized officer

     

    By:__/s/ Darrell Braman_______________

     

                 Darrell Braman

     

    Title:    Vice President

     

    Date:___10-17-16_____________________

UNDERWRITER:

  T. ROWE PRICE INVESTMENT SERVICES, INC.
     

    By its authorized officer

     

    By:____/s/ Fran Pollack-Matz___________

     

                 Fran Pollack-Matz

     

    Title:    Vice President

     

     Date:___10-14-16_____________________

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12b-1 AGREEMENT

This Agreement made and entered into as of September 1, 2016 is between Massachusetts Mutual Life Insurance Company (“Company”), MML Investors Services, LLC (“MMLIS”), MML Distributors, LLC (“MMLD”) and T. Rowe Price Investment Services, Inc., (the “Distributor”) and is intended to supplement the Participation Agreement dated June 1, 1998 by, between and among the Company, certain portfolios of funds, and T. Rowe Price Investment Services, Inc. (“Participation Agreement”), as amended. All terms herein, unless otherwise defined, shall have the same meaning as used in the Participation Agreement.

Whereas, certain portfolios of the T. Rowe Price Equity Series, Inc. and the T. Rowe Price Fixed Income Series, Inc. (the “Funds”) are authorized to issue a class of shares (“VIP II Class” or “Class”) with respect to which the Funds have adopted a plan (“12b-1 Plan”) for purposes of paying for distribution and/or personal services under Rule 12b-1 of the Investment Company Act of 1940 with respect to VIP II Class shares;

Whereas, the Company intends to issue Contracts that will be funded by an investment in the VIP II Class shares;

Whereas, the Company’s affiliates, MMLIS and MMLD serve as principal underwriters of the Contracts (MMLIS and MMLD together referred to as the “Affiliates”); and

Whereas, the Affiliates and the Company are interested in performing distribution and/or personal services for the Distributor with respect to VIP II Class shares in exchange for the receipt of fees pursuant to the 12b-1 Plan.

In consideration of the foregoing and the mutual covenants set forth below the Company, the Affiliates and the Distributor agree as follows:

1.    Distributor. The Distributor is a broker-dealer registered under the Securities

Exchange Act of 1934 and with the Financial Industry Regulatory Authority, Inc. and serves as the principal underwriter of the Fund.    

 

  2.

Services. The Company and Affiliates have agreed to assist Distributor, as it may request from time to time, with the provision of distribution and/or personal services to the Funds, as they may relate to the investment in the VIP II Class by the Separate Accounts. It is anticipated that such services shall include (but not limited to): (i) distribution of Fund reports, prospectuses, and SAIs for the Class to other than existing holders of Contracts; (ii) the preparation and distribution of sales literature and advertising material for the Class; (iii) continuing education and training of insurance agents and other representatives of the Company and Affiliates with respect to the Class and the Fund’s portfolios offering the Class and serving as funding vehicles for the Contracts; (iv) providing information to Contract owners regarding the VIP II Class; (v) providing maintenance of Contract owner’s accounts; (vi) providing services by insurance agents and other representatives of the Company

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and Affiliates who will provide personal service and attention with respect to Contract owner’s investments in the VIP II Class; and (v) other services in respect of the Class as mutually agreed upon from time to time.

3.       Payment for Services. In consideration of the services to be provided by Affiliates, the Company and its agents, the Distributor, in accordance with the 12b-1 Plan, shall pay to the Company and Affiliates a fee with respect to the Class of each portfolio of the Funds equal to (      %) per annum of the average aggregate net asset value of the shares of each Class held by the Separate Accounts under the Participation Agreement. For purposes of computing the payment to the Company and Affiliates contemplated under this Paragraph 3, the average aggregate net asset value of shares of each Class held by the Separate Accounts over a monthly period shall be computed by totaling each Separate Account’s aggregate investment (share net asset value multiplied by total number of shares held by the Separate Account) on each business day during the calendar month, and dividing by the total number of business days during each month. The fee is the responsibility of the applicable Fund/Class, not the Distributor or its affiliates and the obligations of each Fund/Class is several and not joint; no Fund/Class is responsible for the fee of any other Fund/Class. The Company and Affiliates further acknowledge that the Distributor shall not be responsible for the payment of the fees unless and until the Distributor has received such fee from the applicable Fund, and Company and Affiliates agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund. The Payments contemplated by this Paragraph 3 shall be calculated by the Fund at the end of each calendar month and will be paid to each Company and Affiliate within 30 calendar days thereafter.

Payment Instructions:

All Distribution 12b-1 Fees are to be directed to the Company’s affiliate, MMLD, on behalf of MMLIS, MMLD, and the Company. Such payments should be made as follows:

Wire Instructions:

Account Name: MML Distributors, LLC

Account Number:

Bank Name:

ABA#:

Reference:  Revenue Sharing

ACH Instructions:

Account Name: MML Distributors, LLC

Account Number:

Bank Name:

ABA#:


Reference: Revenue Sharing

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4.    Term.    This Agreement shall remain in full force and effect until any party provides the others with 30 days written notice of its intent not to continue the Agreement. This Agreement and all obligations hereunder shall terminate automatically upon the redemption of the Company’s investments in the Funds.

5. Relationship to Other Agreements.    This Agreement is intended to supplement the Participation Agreement and not intended to conflict with or supersede the provisions of the Administrative Services Agreement or the Participation Agreement (“Prior Agreements”). All representations and warranties made by the parties in the Prior Agreements are incorporated into this Agreement and shall be deemed to have been made in connection with this Agreement.         

 

   T. ROWE PRICE INVESTMENT SERVICES, INC.   
   By: /s/ Fran Pollack-Matz___________________   

    

   Name: __Fran Pollack-Matz________________   
   Title: _____V.P.____________________________   
   MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY   
  

By: /s/ Tina M. Wilson_______________________

  
   Name: ____Tina M. Wilson_______________________   
   Title: __Senior Vice President____________________   
   MML INVESTORS SERVICES, LLC   
   By: ___/s/ Wendy Benson___________________   
   Name: _____Wendy Benson______________________   
   Title: ______President___________________________   
   MML DISTRIBUTORS, LLC   
   By: /s/ Eric Wietsma ________________________   
   Name: _____Eric Wietsma________________________   
   Title: _____President_______________________   

Lgl635\VIP Funds\VIP II\12b-1-draft Letter Agreement

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