EX-99.(H).I.F.2 13 tm2035261d1_ex-hif2.htm FRANKLIN AMENDMENT DATED 9/8/2020

 

Item 26. Exhibit (h) i. f. 2.

 

Amendment No. 4 to

Administrative Services Agreement

Franklin Templeton Services, LLC Massachusetts

Mutual Life Insurance Company C.M. Life

Insurance Company

 

THIS AMENDMENT is made by and between Franklin Templeton Services, LLC (the “Fund Administrator”), Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company (together, the “Company”).

 

WHEREAS, the Company, MML Bay State Life Insurance Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of May I, 2002, as amended August 10, 2005 and December 28,2007 (the “Agreement”), concerning certain administrative services with respect to each series (“Fund” or “Funds”) of Franklin Templeton 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 updating schedules and adding some 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 Schedules 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 8, 2020.

 

FRANKLIN TEMPLETON SERVICES, LLC   MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
   
       
By: /s/ Laura Fergerson   By: /s/ Michael S. Dunn
Name: Laura Fergerson   Name: Michael S. Dunn
Title: President   Title: Head of Institutional Insurance
         
       
    C.M. LIFE INSURANCE COMPAY
     
    By: /s/ Michael S. Dunn
    Name: Michael S. Dunn
    Title: Head of Institutional Insurance
           

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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.

 

# Company Name Separate Account/ Class/Funds of the Trust Fee Date of
    Registration Yes/No.   Rate beginning of
          period for
          computation
          of fee
1.  Massachusetts Mutual Life Insurance Company

Massachusetts Mutual Variable Life Separate Account I

Yes

Class 2 Shares: [____]% 05/01/03
Franklin Small Cap Value VIP Fund    
Templeton Foreign VIP Fund    
     
      Class 1 Shares: [____]% 10/01/16
      Franklin Mutual Global Discovery VIP Fund    
      Franklin Small Cap Value VIP Fund    
      Franklin Strategic Income VIP Fund    
      Templeton Global Bond VIP Fund    
           
      Class 2 Shares:    
      Franklin Mutual Global Discovery VIP Fund    
      Franklin Strategic Income VIP    
2.  C.M. Life Variable Life Insurance Company C.M. Life Variable Life Separate Account I Class 2 Shares: [____]% 05/01/03
Franklin Small Cap Value VIP Fund    
Yes Templeton Foreign VIP Fund    
       
3.  Massachusetts Mutual Life Insurance Company Massachusetts Mutual Life Separate Account IX  Class 1 Shares: [____]% 09/08/2020
Franklin Income VIP Fund    
Franklin Mutual Global Discovery VIP Fund    
      Franklin Rising Dividends VIP Fund    
      Franklin Small Cap Value VIP Fund    
      Franklin Small-Mid Cap Growth VIP Fund    
      Franklin Strategic Income VIP Fund    
      Templeton Global Bond VIP Fund    

 

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