AMENDMENT NO. 4 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin ▇▇▇▇▇▇▇▇▇ Services, LLC
Allianz Life Insurance Company of New York
THIS AMENDMENT is made by and between Franklin ▇▇▇▇▇▇▇▇▇ Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of New York
(the "Company").
WHEREAS, The Company and the Fund Administrator have entered into an
Administrative Services Agreement, dated as of October 1, 2003, as maybe
amended from time to time (the "Agreement"), concerning certain administrative
services with respect to each series ("Fund" or "Funds") of Franklin ▇▇▇▇▇▇▇▇▇
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 adding certain Funds and updating certain
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 and replaced in its
entirety 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 August 8, 2008.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH
AMERICA
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President II
FRANKLIN ▇▇▇▇▇▇▇▇▇ SERVICES, LLC
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
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 PRODUCT FUNDS OF THE TRUST FEE BEGINNING OF PERIOD
NAME/ RATE FOR COMPUTATION OF FEE
1933 ACT NO.
1. Allianz Allianz Class 2 Shares: 0.20% 10/01/03
Life
Insurance Advantage Franklin Global Communications Securities Fund
Company of 333-19699 Franklin Growth and Income Securities Fund
New York 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 Cap Value Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
▇▇▇▇▇▇▇▇▇ Developing Markets Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund - Class 0.20% 05/01/07
2
Franklin ▇▇▇▇▇▇▇▇▇ VIP Founding Funds 0.20% 09/21/07
Allocation Fund - Class 2
2. Allianz Valuemark II Class 1 Shares: 0.10% 10/01/03
Life
Insurance 33-26646 Franklin Global Communications Securities Fund
Company of Franklin Growth and Income Securities Fund
New York 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
▇▇▇▇▇▇▇▇▇ Developing Markets Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
2
# COMPANY PRODUCT FUNDS OF THE TRUST FEE BEGINNING OF PERIOD
NAME/ RATE FOR COMPUTATION OF FEE
1933 ACT NO.
Valuemark II Franklin Money Market Fund - Class 1* 0.05% 10/01/03
(cont'd)
33-26646 ▇▇▇▇▇▇▇▇▇ Global Income Securities Fund, Class 0.10% 05/01/07
1
3. Allianz Valuemark Class 1 Shares: 0.10% 10/01/03
Life
Insurance IV Franklin Global Communications Securities Fund
Company of 333-19699 Franklin Growth and Income Securities Fund
New York 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
▇▇▇▇▇▇▇▇▇ Developing Markets Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Money Market Fund - Class 1* 0.05% 10/01/03
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund, Class 0.10% 05/01/07
1
4. Allianz Allianz Class 2 Shares: 0.20% 10/1/03
Life
Insurance Opportunity Franklin Global Communications Securities Fund
Company of 333-75718 Franklin Growth and Income Securities Fund
New York 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
▇▇▇▇▇▇▇▇▇ Developing Markets Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/1/03
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund - Class 0.20% 05/01/07
2
Franklin ▇▇▇▇▇▇▇▇▇ VIP Founding Funds 0.20% 09/21/07
Allocation Fund - Class 2
* This Fund is closed to new investors as of 5/1/04.
3
# COMPANY PRODUCT FUNDS OF THE TRUST FEE BEGINNING OF PERIOD
NAME/ RATE FOR COMPUTATION OF FEE
1933 ACT NO.
5. Allianz Allianz Class 2 Shares: 0.20% 10/1/03
Life
Insurance Charter II Franklin Global Communications Securities Fund
Company of 333-105274 Franklin Growth and Income Securities Fund
New York 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
▇▇▇▇▇▇▇▇▇ Developing Markets Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/1/03
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund - Class 0.20% 05/01/07
2
Franklin ▇▇▇▇▇▇▇▇▇ VIP Founding Funds 0.20% 09/21/07
Allocation Fund - Class 2
6. Allianz Allianz High Class 2 Shares: 0.20% 05/01/07
Life
Insurance Five NY Franklin Global Communications Securities Fund
Company of 333-124767 Franklin Growth and Income Securities Fund
New York Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin ▇▇▇▇▇▇▇▇▇ VIP Founding Funds
Allocation Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
▇▇▇▇▇▇▇▇▇ Foreign Securities Fund
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07
4
# COMPANY PRODUCT NAME/ FUNDS OF THE TRUST FEE RATE BEGINNING OF PERIOD
1933 ACT NO. FOR COMPUTATION OF FEE
7. Allianz Life Allianz Class 2 Shares: 0.20% 05/01/08
Insurance Vision NY Franklin Global Communications Securities Fund
Company of 333-143195 Franklin High Income Securities Fund
New York Franklin Income Securities Fund
Franklin ▇▇▇▇▇▇▇▇▇ VIP Founding Funds
Allocation Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund
▇▇▇▇▇▇▇▇▇ Growth Securities Fund
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/08
5