EX-99.(H)I.J.2.V. 14 app10031384x1_ex99hij2v.htm FRANKLIN TEMPLETON AMENDMENT NO. 5 EXECUTED OCTOBER 4, 2021 TO ADMINISTRATIVE SERVICES AGREEMENT

 

Item 30. Exhibit (h) i. j. 2. v.

 

[_____]

 

Amendment No. 5 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, December 28, 2007 and September 8, 2020 (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 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____, 2021.

     
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: 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.

 

# Company Name Separate Account/Registration Yes/No Class/Funds of the Trust
Fee Rate

Date of beginning of period for computation

of fee

1. Massachusetts Mutual Life Insurance Company

Massachusetts Mutual Variable Life Separate Account I

Yes

Class 2 Shares:

Franklin Small Cap Value VIP Fund

Templeton Foreign VIP Fund

[       ]% 05/01/03

Class 1 Shares:

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 Fund

[       ]% 10/01/16
2. C.M. Life Variable Life Insurance Company

C.M. Life Variable Life Separate Account I

Yes

Class 2 Shares:

Franklin Small Cap Value VIP Fund

Templeton Foreign VIP Fund

[       ]% 05/01/03

Class 2 Shares:

Franklin Mutual Global Discovery VIP Fund

Franklin Strategic Income VIP

[       ]% 09/01/21
3. Massachusetts Mutual Life Insurance Company Massachusetts Mutual Life Separate Account IX

Class 1 Shares:

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

[       ]% 09/08/2020