EX-99.8(WW)(4) 5 a20-9746_1ex99d8ww4.htm EX-99.8(WW)(4)

 

FOURTH AMENDMENT TO
ADMINISTRATIVE SERVICES AGREEMENT

 

This Fourth Amendment to Administrative Services Agreement (“Amendment”) is entered into by and among PACIFIC LIFE & ANNUITY COMPANY, a Nebraska corporation (the “Company”), on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A of the Participation Agreement (as defined below) as may be amended from time to time; and LEGG MASON INVESTOR SERVICES, LLC, a Maryland limited liability company (the “Distributor”);

 

WHEREAS, the parties entered into an Administrative Services Agreement dated April 3, 2007, as amended (the “Agreement”);

 

WHEREAS, the Distributor serves as the Distributor of shares of the Legg Mason Partners Variable Equity Trust, a Maryland Corporation and Legg Mason Partners Variable Income Trust, a Maryland Corporation (each a “Fund”, collectively the “Funds”), an open-end management investment company organized as a Maryland corporation and registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”); and

 

WHEREAS, the Company is the issuer of variable annuity contracts and variable life insurance policies (the “Contracts”); and

 

WHEREAS, the Company has entered into a participation agreement, April 3, 2007, as amended (the “Participation Agreement”), with the Fund, pursuant to which the Fund has agreed to make shares of certain of its portfolios, listed in on Schedule A, as such Schedule may be amended from time to time (the “Portfolios”), available for purchase by one or more of the Company’s separate accounts or divisions thereof (each, a “Separate Account”) for Contract owners to allocate Contract value; and

 

WHEREAS, the parties desire to amend the Agreement;

 

NOW, THEREFORE, in consideration of these premises and the terms and conditions set forth herein, the parties agree as follows:

 

1.     Schedule A of this Amendment, attached hereto, supersedes and replaces in its entirety the Schedule A of the Agreement.

 

To the extent that provisions of the Agreement and this Amendment are in conflict, the terms of this Amendment shall control.  Except to the extent amended by this Amendment, the Agreement shall remain unchanged and in full force and effect, and is hereby ratified and confirmed in all respects as amended hereby.  Capitalized terms not defined in this Amendment shall have the definition set forth in the Agreement.

 


 

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representatives as of May 1, 2019.

 

Company:

 

PACIFIC LIFE & ANNUITY COMPANY

 

By its authorized officer:

 

 

By:

/s/ Jose T. Miscolta

 

 

 

Name:

Jose T. Miscolta

 

 

 

Title:

Assistant Vice President

 

 

 

Date:

3/25/2019

 

 

 

 

 

 

 

 

Attest:

/s/ Brandon J. Cage

 

 

 

Brandon J. Cage, Assistant Secretary

 

 

 

Distributor:

 

LEGG MASON INVESTOR SERVICES, LLC

 

By its authorized officer:

 

 

By:

/s/ Michael P. Mattera

 

 

 

Name:

Michael P. Mattera

 

 

 

Title:

Managing Director

 

 

 

Date:

4/29/2019

 

 

 


 

SCHEDULE A

 

PORTFOLIOS AVAILABLE UNDER THE CONTRACTS

 

Fund Trust Name

 

Portfolio Fund Name

 

Class

 

CUSIP

 

Symbol

 

Administrative
Services Fee

Legg Mason Partners Variable Equity Trust

 

ClearBridge Variable Aggressive Growth Portfolio

 

I

 

52467X203

 

QLMGOX

 

20 bps annual
compensation on
assets

Legg Mason Partners Variable Equity Trust

 

ClearBridge Variable Aggressive Growth Portfolio

 

II

 

52467X872

 

QLMGTX

 

 

 

 

 

 

 

 

 

 

 

 

 

Legg Mason Partners Variable Equity Trust

 

ClearBridge Variable Mid Cap Portfolio

 

I

 

52467X708

 

QLMMIX

 

10 bps annual
compensation on
assets up to and
including $250MM

Legg Mason Partners Variable Equity Trust

 

ClearBridge Variable Mid Cap Portfolio

 

II

 

52467X856

 

QLMPTX

 

15 bps annual
compensation on
assets in excess of
$250MM

 

 

 

 

 

 

 

 

 

 

 

Legg Mason Partners Variable Income Trust

 

Western Asset Variable Global High Yield Bond Portfolio

 

I

 

52467K839

 

QLMYIX

 

10 bps annual
compensation on
assets up to and
including $250MM

Legg Mason Partners Variable Income Trust

 

Western Asset Variable Global High Yield Bond Portfolio

 

II

 

52467K821

 

QLMYTX

 

15 bps annual
compensation on
assets in excess of
$250MM