EX-99.B8.H. 3 ex99b8h.htm EX-99.B8.H. FRK AMD #6 TO ASA 2012-06-20 ex99b8h.htm
EX-99. B8.h.

Amendment No. 6 to
Administrative Services Agreement
Franklin Templeton Services, LLC
Allianz Life Insurance Company of North America

THIS AMENDMENT is made by and between Franklin Templeton Services, LLC (the “Fund Administrator”) and Allianz Life Insurance Company of North America (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 Templeton 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 updating schedules and adding certain 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.           Schedules A and B of the Agreement are hereby deleted in their entirety and replaced with the Schedules A and 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 July 16, 2012.

Allianz Life Insurance Company of North America
 
Franklin Templeton Services, LLC
By:           /s/ Brian Muench                                                      
By:           /s/ Dennis Rothe                                                      
Name:  Brian Muench
Title:    Vice President
Name:  Dennis Rothe
Title:    Vice President



Allianz NA Amd #6 to ASA 2012-06-20.doc
 
 

 
 

Schedule A
 
1

 

Administrative Services


Maintenance of Books and Records

·  
Assist as necessary to maintain book entry records on behalf of the Funds regarding issuance to, transfer within (via net purchase orders) and redemption by the Accounts of Fund shares.

·  
Maintain general ledgers regarding the Accounts’ holdings of Fund shares, coordinate and reconcile information, and coordinate maintenance of ledgers by financial institutions and other contract owner service providers.

Communication with the Funds

·  
Serve as the designee of the Funds for receipt of purchase and redemption orders from the Account and to transmit such orders, and payment therefore, to the Funds.

·  
Coordinate with the Funds’ agents respecting daily valuation of the Funds’ shares and the Accounts’ units.

·  
Purchase Orders

-  
Determine net amount available for investment in the Funds.
-  
Deposit receipts at the Funds’ custodians (generally by wire transfer).
-  
Notify the custodians of the estimated amount required to pay dividends or distributions.

·  
Redemption Orders

-  
Determine net amount required for redemptions by the Funds.
-  
Notify the custodian and Funds of cash required to meet payments.

·  
Purchase and redeem shares of the Funds on behalf of the Accounts at the then-current price in accordance with the terms of each Fund’s then current prospectus.

·  
Assistance in enforcing procedures adopted on behalf of the Trust to reduce, discourage, or eliminate market timing transactions in a Fund’s shares in order to reduce or eliminate adverse effects on a Fund or its shareholders.

Processing Distributions from the Funds

·  
Process ordinary dividends and capital gains.

·  
Reinvest the Funds’ distributions.


 
2

 

Reports

·  
Periodic information reporting to the Funds, including, but not limited to, furnishing registration statements, prospectuses or private offering memorandum, statements of additional information, reports, solicitations for instructions, disclosure statements, sales or promotional materials and any other filings with the Securities and Exchange Commission with respect to the Accounts invested in the Funds, if necessary.

·  
Periodic information reporting about the Funds to contract owners, including necessary delivery of the Funds’ prospectus and annual and semi-annual reports.

Fund-related Contract Owner Services

·  
Maintain adequate fidelity bond or similar coverage for all Company officers, employees, investment advisors and other individuals or entities controlled by the Company who deal with the money and/or securities of the Funds.

·  
Provide general information with respect to Fund inquiries (not including information about performance or related to sales).

·  
Provide information regarding performance of the Funds.

·  
Oversee and assist the solicitation, counting and voting of contract owner pass-through voting interests in the Funds pursuant to Fund proxy statements.

Other Administrative Support

·  
Provide other administrative and legal compliance support for the Funds as mutually agreed upon by the Company and the Funds or the Fund Administrator.

·  
Relieve the Funds of other usual or incidental administrative services provided to individual contract owners.


 
3

 

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 Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
1. 
Allianz Value Life
33-11158
Class 1 Shares:
Franklin Global Communication Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.10%
10/01/03
 
Franklin Money Market Fund – Class 1 *
0.05%
10/01/03
 
2. 
Allianz Alterity
333-82329
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
 



 
* This fund is closed to new investors as of 5/1/04.

 
4

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
 
Allianz Alterity (cont’d)
333-82329
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
Franklin Templeton VIP Founding Funds Allocation Fund - Class 2
 
0.20%
 
0.20%
05/01/07
 
09/21/07
 
3. 
Allianz Dimensions
33-47886
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
 
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
4. 
Allianz Rewards
333-95729
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
 
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
Franklin Templeton VIP Founding Funds Allocation Fund - Class 2
 
0.20%
 
0.20%
05/01/07
 
09/21/07
 


 
5

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
5. 
Allianz Charter
333-63719
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund *
Templeton Growth Securities Fund
 
0.20%
10/01/03
 
Franklin Money Market Fund – Class 2 *
 
Franklin Zero Coupon Fund 2010 – Class 1
 
0.05%
 
0.10%
10/01/03
 
10/01/03
6. 
Valuemark II
33-23035
 
Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.10%
10/01/03
 
Franklin Money Market Fund – Class 1 *
 
0.05%
10/01/03



 
* This fund is closed to new investors as of 5/1/04.

 
6

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
7. 
Valuemark III
33-72046
 
Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.10%
10/01/03
 
Franklin Money Market Fund – Class 1 *
 
0.05%
10/01/03
8. 
Valuemark Income Plus
33-76190
 
Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund *
Templeton Growth Securities Fund
 
0.10%
10/01/03
 
Franklin Money Market Fund – Class 1 *
 
0.05%
10/01/03



 
* This fund is closed to new investors as of 5/1/04.

 
7

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
9. 
Valuemark IV
333-06709
Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.10%
 
10/01/03
Franklin Money Market Fund – Class 1 *
 
0.05%
10/01/03
10. 
Valuemark Life
33-15464
Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Templeton Global Income Securities Fund *
Templeton Growth Securities Fund
 
0.10%
10/01/03
 
Franklin Money Market Fund – Class 1 *
0.05%
10/01/03
 



 
*  This fund is closed to new investors as of 5/1/04.

 
8

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
11. 
Allianz Life Fund
333-60206
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
Franklin Zero Coupon Fund 2010 - Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
0.20%
05/01/07
12. 
Allianz High Five
333-90260
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
Franklin Templeton VIP Founding Funds Allocation Fund - Class 2
 
0.20%
 
0.20%
05/01/07
 
09/21/07
 


 
9

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
13. 
Allianz Charter II
333-101812
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
0.20%
05/01/07
14. 
Allianz High Five Bonus
333-111049
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
10/01/03
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
10/01/03
Templeton Global Income Securities Funds - Class 2
 
Franklin Templeton VIP Founding Funds Allocation Fund ­ Class 2
 
0.20%
 
0.20%
05/01/07
 
09/21/07
 


 
10

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
15. 
Allianz High Five L
333-120181
 
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities 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
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Growth Securities Fund
 
0.20%
04/29/05
Franklin Zero Coupon Fund 2010 – Class 1
 
0.10%
04/29/05
Templeton Global Income Securities Funds - Class 2
 
Franklin Templeton VIP Founding Funds Allocation Fund - Class 2
 
0.20%
 
0.20%
05/01/07
 
09/21/07
 
16. 
Allianz Custom Income
333-126217
Class 2 Shares:
Franklin Income Securities Fund
Franklin U.S. Government  Fund
Mutual Shares Securities Fund
 
0.20%
05/01/06
Class 2 Shares:
Mutual Discovery Securities Fund
Templeton Global Income Securities Funds
 
Franklin Templeton VIP Founding Funds Allocation Fund - Class 2
 
0.20%
 
 
 
0.20%
05/01/07
 
 
 
09/21/07


 
11

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
17. 
Allianz Elite
333-134267
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin U.S. Government  Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Foreign Securities Fund
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
0.20%
05/01/07
Franklin Zero Coupon Fund 2010 – Class 1
Franklin Templeton VIP Funding Funds Allocation Fund – Class 2
0.10%
 
0.20%
05/01/07
 
09/21/07
18. 
Allianz Vision
333-139701
 
Allianz Vision
333-171427
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin U.S. Government  Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.20%
05/01/07
Franklin Zero Coupon Fund 2010 – Class 1
Franklin Templeton VIP Funding Funds Allocation Fund – Class 2
0.10%
 
0.20%
05/01/07
 
09/21/07
19. 
Allianz Connections
333-145866
Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin U.S. Government  Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Global Income Securities Fund
Templeton Growth Securities Fund
 
0.20%
05/01/08
Franklin Zero Coupon Fund 2010 – Class 1
Franklin Templeton VIP Funding Funds Allocation Fund – Class 2
0.10%
 
0.20%
05/01/08
 
05/01/08


 
12

 


#
Product Name/
Securities Act No.
Funds of the Trust
Fee
Rate
Beginning of Period for Computation of Fee
20. 
Retirement Pro
333-166408
Retirement Advantage
333-180720
Class 2 Shares:
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Strategic Income Securities Fund
Franklin Templeton VIP Founding Funds Allocation Fund
Franklin U.S. Government Fund
Mutual Shares Securities Fund
Templeton Global Bond Securities Fund
Templeton Growth Securities Fund
0.20%
09/01/12
21. 
Allianz Connections
333-169265
Class 2 Shares:
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin U.S. Government  Fund
Franklin Templeton VIP Founding Funds Allocation Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Global Bond Securities Fund
Templeton Growth Securities Fund
0.20%
05/01/11



 
13