# EDGAR Filing Document

**Accession Number:** 0000943863
**File Stem:** 0001133228-26-006390
**Filing Date:** 2026-4
**Character Count:** 739454
**Document Hash:** 55bc1a7ec83d919ecff7eb4f6439935b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-006390.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001133228-26-006390

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 25

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** C M LIFE VARIABLE LIFE SEPARATE ACCOUNT I
- **CENTRAL INDEX KEY:** 0000943863

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09020
- **FILM NUMBER:** 26892454

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BRIGHT MEADOW BOULEVARD
- **CITY:** ENFIELD
- **STATE:** CT
- **ZIP:** 06082
- **BUSINESS PHONE:** (413)788-8411

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111-0001
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** C M LIFE VARIABLE LIFE SEPARATE ACCOUNT I
- **CENTRAL INDEX KEY:** 0000943863

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-259818
- **FILM NUMBER:** 26892453

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BRIGHT MEADOW BOULEVARD
- **CITY:** ENFIELD
- **STATE:** CT
- **ZIP:** 06082
- **BUSINESS PHONE:** (413)788-8411

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111-0001

## Series and Classes Contracts Data

### C M LIFE VARIABLE LIFE SEPARATE ACCOUNT I (Series ID: S000010877)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000232693 | C.M. Life Electrum Select (SM) |  |

?xml version='1.0' encoding='ASCII'? 2025-07-18CMElectrumSelect_Prospectus

**As filed with the Securities and Exchange Commission on or about April 24, 2026**

**Registration Statement File No. 333-259818 Registration Statement File No. 811-09020**

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM N-6**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**☐ Pre-Effective Amendment No.**

**☒ Post-Effective Amendment No. 6**

**and/or**

**REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940**

**☒ Amendment No. 55**

(Check appropriate box or boxes.)

**C.M. Life Variable Life Separate Account I**

(Exact Name of Registrant)

**C.M. Life Insurance Company**

(Name of Depositor)

**1295 State Street, Springfield, Massachusetts 01111-0001**

(Address of Depositor's Principal Executive Offices)

**(860) 562-1000**

(Depositor's Telephone Number, including Area Code)

**Corporate Creations Network Inc. 6 Landmark Square, 4th Floor Stamford, CT 06901**

(Name and Address of Agent for Service)

Approximate Date of Proposed Public Offering: **Continuous**

**It is proposed that this filing will become effective (check appropriate box):**

☐ immediately upon filing pursuant to paragraph (b)

☒ on <u>April 27, 2026</u> pursuant to paragraph (b)

☐ 60 days after filing pursuant to paragraph (a)(1)

☐ on __________ pursuant to paragraph (a)(1) of rule 485 under the Securities Act.

**If appropriate, check the following box:**

☐ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Title of Securities being Registered: **Units of Interest in C.M. Life Electrum Select<sup>SM</sup>, a flexible premium, adjustable, variable life insurance policy.**

C.M. Life Electrum Select<sup>SM</sup>

*Issued by C.M. Life Insurance Company* 

C.M. Life Variable Life Separate Account I

This prospectus describes a flexible premium, adjustable, variable life insurance policy (policy) issued by C.M. Life Insurance Company (C.M. Life, Company, we, us, or our). While the policy is In Force, it provides lifetime insurance protection on the Insured. The policy is not a way to invest in mutual funds and is not suitable for short-term investment. The Policy Owner (you or your) should consider the policy in conjunction with other life insurance you own. Replacing any existing life insurance policy with this policy or financing the purchase or maintenance of the policy through a loan or through withdrawals from another policy may not be to your advantage.

The policy offers a number of investment choices including a Guaranteed Principal Account (GPA) and one or more variable investment divisions (Separate Account Divisions) offered through our separate account, C.M. Life Variable Life Separate Account I (Separate Account). Each Separate Account Division, in turn, invests in the Funds listed in Appendix A to this prospectus.

You bear the investment risks of any premium allocated to these Separate Account Divisions. The death benefit may vary and the Surrender Value will vary, depending on the investment performance of the Funds.

The policy is not (1) a bank or credit union deposit or obligation; (2) FDIC or NCUA insured; (3) insured by any federal government agency or (4) guaranteed by any bank or credit union. The policy may go down in value and provides guarantees that are subject to our financial strength and claims-paying ability. This prospectus is not an offer to sell the policy in any jurisdiction where it is illegal to offer the policy nor is it an offer to sell the policy to anyone to whom it is illegal to offer the policy.

YOU MAY CANCEL YOUR POLICY WITHIN 10 DAYS OF RECEIVING IT WITHOUT PAYING FEES OR PENALTIES.

In some states this cancellation period may be longer. Upon cancellation, you will receive a full refund of the premiums you paid plus interest credited to this policy under the GPA plus or minus an amount that reflects the investment experience of the Separate Account Divisions less any withdrawals and any Policy Debt. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

Additional information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission staff and is available at www.investor.gov.

**The SEC has not approved or disapproved this policy or determined that this prospectus is accurate or complete. Any** **representation that it has is a criminal offense.** 

**Please read this prospectus before investing. You should keep it for future reference.**

Effective April 27, 2026

------

**Table of Contents**

---

| | |
|:---|:---|
| [**Glossary**](#ref_chapter_2_1015)  | [**3**](#ref_chapter_2_1015)  |
| [**Important Information You Should Consider About the** <br>**Policy**](#ref_chapter_3_1015)  | [**5**](#ref_chapter_3_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fees and Expenses](#ref_chapter_3-sect1_1_3319-563778_1015)  | [5](#ref_chapter_3-sect1_1_3319-563778_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Risks](#ref_chapter_3-sect1_1_3319-563781_1015)  | [6](#ref_chapter_3-sect1_1_3319-563781_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Restrictions](#ref_chapter_3-sect1_1_3319-563783_1015)  | [7](#ref_chapter_3-sect1_1_3319-563783_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Taxes](#ref_chapter_3-sect1_1_3319-563785_1015)  | [7](#ref_chapter_3-sect1_1_3319-563785_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Conflicts of Interest](#ref_chapter_3-sect1_1_3319-563787_1015)  | [8](#ref_chapter_3-sect1_1_3319-563787_1015)  |
| [**Overview of the Policy**](#ref_chapter_4_1015)  | [**9**](#ref_chapter_4_1015)  |
| [**Fee Tables**](#ref_chapter_5_1015)  | [**11**](#ref_chapter_5_1015)  |
| [**Principal Risks**](#ref_chapter_6_1015)  | [**15**](#ref_chapter_6_1015)  |
| [**General Information about the Company, the Separate** <br>**Account and the Underlying Funds**](#ref_chapter_7_1015)  | [**16**](#ref_chapter_7_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Company](#ref_chapter_7-sect1_1_3327-563837_1015)  | [16](#ref_chapter_7-sect1_1_3327-563837_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Guaranteed Principal Account](#ref_chapter_7-sect1_2_3328-563839_1015)  | [17](#ref_chapter_7-sect1_2_3328-563839_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Separate Account](#ref_chapter_7-sect1_3_3329-563841_1015)  | [17](#ref_chapter_7-sect1_3_3329-563841_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Funds](#ref_chapter_7-sect1_4_3330-563843_1015)  | [18](#ref_chapter_7-sect1_4_3330-563843_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation We Receive from Funds, Advisers and <br>Sub-Advisers](#ref_chapter_7-sect1_5_182320-563849_1015)  | [19](#ref_chapter_7-sect1_5_182320-563849_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Voting Rights](#ref_chapter_7-sect1_6_182322-563856_1015)  | [20](#ref_chapter_7-sect1_6_182322-563856_1015)  |
| [**Charges and Deductions**](#ref_chapter_8_1015)  | [**20**](#ref_chapter_8_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transaction Fees](#ref_chapter_8-sect1_1_3332-563860_1015)  | [20](#ref_chapter_8-sect1_1_3332-563860_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Periodic Charges](#ref_chapter_8-sect1_2_3333-563871_1015)  | [21](#ref_chapter_8-sect1_2_3333-563871_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Monthly Charges Against the Account Value](#ref_chapter_8-sect1_3_3334-563874_1015)  | [21](#ref_chapter_8-sect1_3_3334-563874_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduction of Charges](#ref_chapter_8-sect1_4_3335-563894_1015)  | [23](#ref_chapter_8-sect1_4_3335-563894_1015)  |
| [**Policy Owner, Insured, Beneficiary**](#ref_chapter_9_1015)  | [**24**](#ref_chapter_9_1015)  |
| [**Purchasing a Policy**](#ref_chapter_10_1015)  | [**25**](#ref_chapter_10_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Availability](#ref_chapter_10-sect1_1_3342-563904_1015)  | [25](#ref_chapter_10-sect1_1_3342-563904_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underwriting](#ref_chapter_10-sect1_2_182324-563906_1015)  | [25](#ref_chapter_10-sect1_2_182324-563906_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purchasing a Policy](#ref_chapter_10-sect1_3_3339-563908_1015)  | [25](#ref_chapter_10-sect1_3_3339-563908_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Your Right to Return the Policy](#ref_chapter_10-sect1_4_3340-563910_1015)  | [26](#ref_chapter_10-sect1_4_3340-563910_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Sending Requests in Good Order](#ref_chapter_10-sect1_5_3341-563912_1015)  | [26](#ref_chapter_10-sect1_5_3341-563912_1015)  |
| [**Premiums**](#ref_chapter_11_1015)  | [**26**](#ref_chapter_11_1015)  |
| [**Transfers**](#ref_chapter_13_1015)  | [**31**](#ref_chapter_13_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Limits on Frequent Trading and Market Timing Activity](#ref_chapter_13-sect1_1_3350-563942_1015)  | [31](#ref_chapter_13-sect1_1_3350-563942_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Automated Account Value Transfer](#ref_chapter_13-sect1_2_3351-563944_1015)  | [32](#ref_chapter_13-sect1_2_3351-563944_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Automated Account Re-balancing](#ref_chapter_13-sect1_3_3352-563946_1015)  | [33](#ref_chapter_13-sect1_3_3352-563946_1015)  |
| [**Policy Value**](#ref_chapter_14_1015)  | [**34**](#ref_chapter_14_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [How the Value of Your Policy is Calculated](#ref_chapter_14-sect1_1_3354-563951_1015)  | [34](#ref_chapter_14-sect1_1_3354-563951_1015)  |
| [**Death Benefit**](#ref_chapter_15_1015)  | [**35**](#ref_chapter_15_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Death Benefit](#ref_chapter_15-sect1_1_3356-563963_1015)  | [35](#ref_chapter_15-sect1_1_3356-563963_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Options](#ref_chapter_15-sect1_2_3357-563971_1015)  | [36](#ref_chapter_15-sect1_2_3357-563971_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Right to Change the Death Benefit Option](#ref_chapter_15-sect1_3_3358-563974_1015)  | [37](#ref_chapter_15-sect1_3_3358-563974_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Right to Change the Base Selected Face Amount](#ref_chapter_15-sect1_4_3360-563976_1015)  | [37](#ref_chapter_15-sect1_4_3360-563976_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [When We Pay Death Benefit Proceeds](#ref_chapter_15-sect1_5_3359-563982_1015)  | [38](#ref_chapter_15-sect1_5_3359-563982_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Suicide](#ref_chapter_15-sect1_6_3361-563984_1015)  | [39](#ref_chapter_15-sect1_6_3361-563984_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Misstatement of Age or Gender](#ref_chapter_15-sect1_7_3362-563987_1015)  | [39](#ref_chapter_15-sect1_7_3362-563987_1015)  |
| [**Other Benefits Available Under the Policy**](#ref_chapter_16_1015)  | [**39**](#ref_chapter_16_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Benefits](#ref_chapter_16-sect1_1_3364-563991_1015)  | [39](#ref_chapter_16-sect1_1_3364-563991_1015)  |
| [**Accessing the Money in Your Policy**](#ref_chapter_17_1015)  | [**46**](#ref_chapter_17_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals](#ref_chapter_17-sect1_1_3366-564010_1015)  | [46](#ref_chapter_17-sect1_1_3366-564010_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Surrenders](#ref_chapter_17-sect1_2_3367-564012_1015)  | [46](#ref_chapter_17-sect1_2_3367-564012_1015)  |
| [**Loans**](#ref_chapter_18_1015)  | [**47**](#ref_chapter_18_1015)  |
| [**Policy Termination and Reinstatement**](#ref_chapter_19_1015)  | [**49**](#ref_chapter_19_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Policy Termination](#ref_chapter_19-sect1_1_3371-564032_1015)  | [49](#ref_chapter_19-sect1_1_3371-564032_1015)  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; [Grace Period](#ref_chapter_19-sect1_2_3372-564034_1015)  | [49](#ref_chapter_19-sect1_2_3372-564034_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reinstating Your Policy](#ref_chapter_19-sect1_3_3373-564036_1015)  | [50](#ref_chapter_19-sect1_3_3373-564036_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Policy After You Reinstate](#ref_chapter_19-sect1_4_3374-564039_1015)  | [50](#ref_chapter_19-sect1_4_3374-564039_1015)  |
| [**Federal Income Tax Considerations**](#ref_chapter_20_1015)  | [**50**](#ref_chapter_20_1015)  |
| [**Other Information**](#ref_chapter_21_1015)  | [**56**](#ref_chapter_21_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Policy Rights and Limitations](#ref_chapter_21-sect1_1_3378-564072_1015)  | [56](#ref_chapter_21-sect1_1_3378-564072_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Delay of Payment of Proceeds from the GPA](#ref_chapter_21-sect1_2_3379-564079_1015)  | [57](#ref_chapter_21-sect1_2_3379-564079_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Delay of Payment of Proceeds from the Separate <br>Account](#ref_chapter_21-sect1_3_3380-564081_1015)  | [57](#ref_chapter_21-sect1_3_3380-564081_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution](#ref_chapter_21-sect1_4_3381-564083_1015)  | [57](#ref_chapter_21-sect1_4_3381-564083_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Computer System, Cybersecurity, and Service <br>Disruption Risks](#ref_chapter_21-sect1_5_3382-564095_1015)  | [58](#ref_chapter_21-sect1_5_3382-564095_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Legal Proceedings](#ref_chapter_21-sect1_6_3383-564097_1015)  | [59](#ref_chapter_21-sect1_6_3383-564097_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Unclaimed Property](#ref_chapter_21-sect1_7_3384-564099_1015)  | [59](#ref_chapter_21-sect1_7_3384-564099_1015)  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Financial Statements](#ref_chapter_21-sect1_8_3385-564101_1015)  | [59](#ref_chapter_21-sect1_8_3385-564101_1015)  |
| [**Appendix A – Funds Available Under the Policy**](#ref_chapter_22_1015)  | [**60**](#ref_chapter_22_1015)  |
| [**Appendix B – Mortality & Expense Credit**](#ref_chapter_23_1015)  | [**72**](#ref_chapter_23_1015)  |
| [**Appendix C – Hypothetical Examples of Death Benefit** <br>**Option Changes**](#ref_chapter_24_1015)  | [**76**](#ref_chapter_24_1015)  |
| [**Appendix D – Example of Overloan Protection Rider** <br>**Operation**](#ref_chapter_25_1015)  | [**77**](#ref_chapter_25_1015)  |
| [**Appendix E – Examples of Charge Blending**](#ref_chapter_26_1015)  | [**78**](#ref_chapter_26_1015)  |
| [**Appendix F – Example of Amount of Monthly Term** <br>**Insurance and Term Cost of Insurance Charge** **Calculation**](#ref_chapter_27_1015)  | [**81**](#ref_chapter_27_1015)  |
| [**Appendix G – Factors Used in Calculating the Cash** <br>**Surrender Value Enhancement Benefit**](#ref_chapter_28_1015)  | [**83**](#ref_chapter_28_1015)  |

---

------

Glossary

We have tried to make this prospectus as readable and understandable for you as possible. By the very nature of the policy, however, certain technical words or terms are unavoidable. We have identified the following as some of these words or terms.

**Account Value.** The value of your investment in the Separate Account Divisions and the GPA.

**Accumulation Unit.** A unit of measure that we use to determine the value in each Separate Account Division.

**Administrative Office.** Massachusetts Mutual Life Insurance Company, BOLI/COLI Document Management Hub, 1295 State Street, Springfield, MA 01111-0001, (800) 665-2654, (Fax) (860) 562-6154, BOLICOLIService@MassMutual.com, www.MassMutual.com

**Attained Age.** The Insured's age on the Issue Date, plus the number of completed Policy Years.

**Base Selected Face Amount.** An amount used to determine the insurance coverage provided by the base policy while it is In Force.

**Case.** One or more policies issued to the same Policy Owner.

**Free Look.** Your right to cancel the policy and receive a refund.

**Fund(s).** The investment entities in which the Separate Account Divisions invest.

**General Investment Account.** The Company's General Investment Account, which supports the Company's annuity and insurance obligations. The General Investment Account's assets include all of our assets, with the exception of the Separate Account and the Company's other segregated asset accounts.

**Good Order.** The actual receipt by our Administrative Office of the instructions related to a request or transaction in writing (or, when permitted, by telephone, fax, website, or other electronic means), within the time limits, if any, along with all forms, information and supporting legal documentation we require to effect the request or transaction. This information includes, to the extent applicable: the completed application or instruction form; your policy number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or from the Separate Account Divisions affected by the request or transaction; the signatures of all Policy Owners; if necessary, Social Security Number or Tax Identification number; tax certification; and any other information or supporting documentation we may require including consents, certifications and guarantees. Instructions must be complete and sufficiently clear so that we do not need to exercise any discretion to follow such instructions. We may, in our sole discretion, determine whether any particular request or transaction is in Good Order, and we reserve the right to change or waive any Good Order requirements at any time. If you have any questions, you may contact our Administrative Office before submitting the form or request.

**GPA Value.** The sum of your values in the GPA.

**Grace Period.** A period that begins when the Surrender Value is not sufficient to cover monthly charges due and your policy stays In Force, during which you can pay the amount of premium needed to avoid termination.

**In Force.** Your policy has not terminated.

**Initial Base Selected Face Amount.** The Base Selected Face Amount on the Policy Date. The minimum Initial Base Selected Face Amount is $25,000.

**Insurance Risk.** The difference between the death benefit and the Account Value.

**Insured.** The person on whose life the policy is issued.

**Issue Date.** The date we issue the policy. The Issue Date starts the contestability and suicide periods.

**Minimum Death Benefit.** The minimum amount of death benefit needed for the policy to qualify as life insurance under Section 7702 of the Internal Revenue Code of 1986, as amended.

**Modified Endowment Contract (MEC)** **.** A special type of life insurance under federal income tax law. Specifically, the law prescribes a test that is intended to differentiate between policies that are purchased primarily for certain tax advantages, versus policies that are purchased primarily for death protection. MECs are still life insurance and offer tax-free death benefits and tax-deferred cash value accumulation. However, pre-death distributions (including loans) are taxed as "income first" (not cost basis first), meaning they are taxable to the extent of gain in the policy. In addition, distributions may be subject to a 10% additional tax.

------

[Back to **Table of Contents**](#TOC_1015)

**Monthly Calculation Date** **.** The Policy Date and the same day of each succeeding calendar month on which monthly charges are due on the policy.

**Net Premium.** A premium payment received in Good Order minus the premium load charge and the Cash Surrender Value Enhancement Rider charge, if applicable.

**Paid-up Policy Date.** The Policy Anniversary on or next following the Insured's 95<sup>th</sup> Birthday.

**Planned Premium.** The amount selected by you to be paid periodically on the policy, which establishes the basis for the premium bills we send you.

**Policy Anniversary.** The anniversary of the Policy Date.

**Policy Date.** The starting point for determining the Policy Anniversaries, Policy Years, and Monthly Calculation Dates. It is also the day we first deduct monthly charges under the policy.

**Policy Debt.** All outstanding loans plus accrued interest.

**Policy Debt Limit** **.** When total Policy Debt exceeds the Account Value.

**Policy Owner.** The individual, corporation, partnership, trust or other entity who owns the policy, as shown on our records, and will generally make the choices that determine how the policy operates while it is In Force.

**Policy Termination.** An event where your policy is no longer In Force due to the Surrender Value becoming too low to support your policy's monthly charges or if total Policy Debt exceeds the Account Value.

**Policy Year.** The twelve month period beginning with the Policy Date and each successive twelve month period thereafter.

**Separate Account Division.** A variable investment division offered through our Separate Account that invests in the corresponding underlying Fund.

**Surrender Value.** Account Value less Policy Debt.

**Target Premium.** A threshold for your policy premium load charge that we establish on your Issue Date.

**Term Rider Selected Face Amount.** An amount used to determine the amount of monthly term insurance provided by the Supplemental Monthly Term Insurance Rider while it is In Force.

**Total Selected Face Amount.** The sum of the Base Selected Face Amount and any Term Rider Selected Face Amount.

**Valuation Date.** Any day on which the net asset value of the units of each Division of the Separate Account is determined. Generally, this is any date the New York Stock Exchange (NYSE), or its successor, is open for trading. A Valuation Date ends when the NYSE closes (usually 4 p.m. Eastern Time).

**Variable Account Value.** The sum of your values in the Separate Account Divisions.

**Written Request.** A written or electronic communication or instruction in Good Order sent by you to us at our Administrative Office.

------

[Back to **Table of Contents**](#TOC_1015)

Important Information You Should Consider About the Policy

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **LOCATION IN** **PROSPECTUS** |
| &nbsp;&nbsp; **Charges for Early** **Withdrawals** | &nbsp;&nbsp; None. | &nbsp;&nbsp; None. | &nbsp;&nbsp; None. | &nbsp;&nbsp; N/A |
| &nbsp;&nbsp; **Transaction Charges** | &nbsp;&nbsp; ***Premium Load Charge.*** We deduct the premium load charge from each premium you pay. The current premium load charge is 6.55% of each premium payment up to and including the Target Premium, and 0.50% of premium over the Target Premium. We may increase this charge on all policies to up to 10% of each premium.<br>***Withdrawal Charge.*** We deduct a withdrawal charge when you withdraw a portion of your Account Value from the policy. The charge is equal to the lesser of 2% of the amount withdrawn or $25.<br>***Transfer Charge.*** We may deduct a transfer charge upon each transfer after the first 12 transfers in a Contract Year. Currently, we do not deduct a transfer charge.<br>***Substitute Insured Charge.*** We deduct a substitute insured charge of $75 if the Policy Owner elects to substitute a new Insured.<br>***Overloan Protection Rider.*** We assess a one-time charge based on the Account Value and Attained Age of the Insured when the Overloan Protection Rider is exercised.<br>***Cash Surrender Value Enhancement Rider.*** We apply a charge against each premium payment made in Policy Years one through seven when the Cash Surrender Value Enhancement Rider is elected. | &nbsp;&nbsp; ***Premium Load Charge.*** We deduct the premium load charge from each premium you pay. The current premium load charge is 6.55% of each premium payment up to and including the Target Premium, and 0.50% of premium over the Target Premium. We may increase this charge on all policies to up to 10% of each premium.<br>***Withdrawal Charge.*** We deduct a withdrawal charge when you withdraw a portion of your Account Value from the policy. The charge is equal to the lesser of 2% of the amount withdrawn or $25.<br>***Transfer Charge.*** We may deduct a transfer charge upon each transfer after the first 12 transfers in a Contract Year. Currently, we do not deduct a transfer charge.<br>***Substitute Insured Charge.*** We deduct a substitute insured charge of $75 if the Policy Owner elects to substitute a new Insured.<br>***Overloan Protection Rider.*** We assess a one-time charge based on the Account Value and Attained Age of the Insured when the Overloan Protection Rider is exercised.<br>***Cash Surrender Value Enhancement Rider.*** We apply a charge against each premium payment made in Policy Years one through seven when the Cash Surrender Value Enhancement Rider is elected. | &nbsp;&nbsp; ***Premium Load Charge.*** We deduct the premium load charge from each premium you pay. The current premium load charge is 6.55% of each premium payment up to and including the Target Premium, and 0.50% of premium over the Target Premium. We may increase this charge on all policies to up to 10% of each premium.<br>***Withdrawal Charge.*** We deduct a withdrawal charge when you withdraw a portion of your Account Value from the policy. The charge is equal to the lesser of 2% of the amount withdrawn or $25.<br>***Transfer Charge.*** We may deduct a transfer charge upon each transfer after the first 12 transfers in a Contract Year. Currently, we do not deduct a transfer charge.<br>***Substitute Insured Charge.*** We deduct a substitute insured charge of $75 if the Policy Owner elects to substitute a new Insured.<br>***Overloan Protection Rider.*** We assess a one-time charge based on the Account Value and Attained Age of the Insured when the Overloan Protection Rider is exercised.<br>***Cash Surrender Value Enhancement Rider.*** We apply a charge against each premium payment made in Policy Years one through seven when the Cash Surrender Value Enhancement Rider is elected. | &nbsp;&nbsp; Fee Tables – Transaction Fees<br>Fee Tables – Periodic Charges Other than Annual Fund Operating Expenses – Optional Benefit Charges<br>Charges and Deductions – Transaction Fees |
| &nbsp;&nbsp; **Ongoing Fees and Expenses** | &nbsp;&nbsp; In addition to transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance and cost of optional riders. Those fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and risk classification). You should view the policy's specifications page for rates applicable to your policy.<br>You will also bear fees and expenses associated with the Funds you choose, as shown below. | &nbsp;&nbsp; In addition to transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance and cost of optional riders. Those fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and risk classification). You should view the policy's specifications page for rates applicable to your policy.<br>You will also bear fees and expenses associated with the Funds you choose, as shown below. | &nbsp;&nbsp; In addition to transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance and cost of optional riders. Those fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and risk classification). You should view the policy's specifications page for rates applicable to your policy.<br>You will also bear fees and expenses associated with the Funds you choose, as shown below. | &nbsp;&nbsp; Fee Tables – Periodic Charges Other than Annual Fund Operating Expenses<br>Charges and Deductions – Monthly Charges Against the Account Value<br>Appendix A |
|  | &nbsp;&nbsp; **Annual Fee** | **Minimum** | **Maximum** |  |
|  | &nbsp;&nbsp; Fund options (Fund fees and expenses) | 0.03%<sup>(1)</sup> | 3.48%<sup>(1)</sup> |  |

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*(1)* *As a percentage of Fund assets.* 

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|  | **RISKS** | **LOCATION IN** **PROSPECTUS** |
| &nbsp;&nbsp; **Risk of Loss**  | &nbsp;&nbsp; You can lose money by investing in the policy. | &nbsp;&nbsp; Principal Risks – Investment Risks<br>General Information about the Company, the Separate Account and the Underlying Funds – Underlying Funds |
| &nbsp;&nbsp; **Not a Short-Term** **Investment**  | &nbsp;&nbsp; This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. | &nbsp;&nbsp; Overview of the Policy – What is the policy, and what is it designed to do?<br>Principal Risks – Suitability |
| &nbsp;&nbsp; **Risks Associated with** **Investment Options**  | &nbsp;&nbsp; An investment in this policy is subject to the risk of poor investment performance and can vary depending upon the performance of the underlying Funds you choose. Each investment option (including any fixed account investment option) has its own unique risks. You should review the prospectuses for the available Funds before making an investment decision. | &nbsp;&nbsp; Principal Risks – Investment Risks<br>General Information about the Company, the Separate Account and the Underlying Funds – Underlying Funds |
| &nbsp;&nbsp; **Insurance Company Risks**  | &nbsp;&nbsp; An investment in this policy is subject to the risks related to the Depositor (C.M. Life). Any obligations (including under any fixed account investment option), guarantees, or benefits of the policy are subject to the claims-paying ability of C.M. Life. If C.M. Life experiences financial distress, it may not be able to meet its obligations to you. More information about C.M. Life, including its financial strength ratings, is available by calling (800) 665-2654 or by visiting [www.MassMutual.com/ratings.](DUMMY_1015_0_1) | &nbsp;&nbsp; General Information About the Company, the Separate Account and the Underlying Funds – The Guaranteed Principal Account |
| &nbsp;&nbsp; **Policy Termination**  | &nbsp;&nbsp; Your policy could terminate (or lapse) if the Surrender Value of the policy becomes too low to support the policy's monthly charges, or if total Policy Debt exceeds the Account Value. Factors that may cause your policy to lapse include: insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest. If your policy lapses, you may be able to reinstate it. To reinstate your policy, you must provide us certain written materials we require as well as a premium payment sufficient to keep the policy In Force for three months after reinstatement. The death benefit will not be paid if the policy has lapsed. | &nbsp;&nbsp; Principal Risks – Policy Termination<br>Policy Termination and Reinstatement |

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|  | **RESTRICTIONS** | **LOCATION IN** **PROSPECTUS** |
| &nbsp;&nbsp; **Investments**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Generally, you may transfer Account Value among the Separate Account Divisions and the Guaranteed Principal Account (GPA), subject to certain limitations. We also offer two automated transfer programs: Automated Account Value Transfer and Automated Account Re-balancing.<br>Transfers of the policy's Account Value are subject to the following conditions:<br> Transfers from the GPA are limited to one per Policy Year and may not exceed 25% of your Account Value in the GPA (less any Policy Debt).<br>There is one exception to this rule. If you have transferred 25% of the GPA Value (less any Policy Debt) for three consecutive years and you have not added any Net Premium or transferred amounts to the GPA during these three consecutive years, you may transfer the remainder of the GPA Value (less any Policy Debt) out of the GPA in the succeeding Policy Year.<br>Transfers (including transfers through automated programs) cannot be processed during a Grace Period.<br>In addition, we reserve the right to reject or restrict transfers if we determine the transfers reflect frequent trading or a market timing strategy, or we are required to reject or restrict by the applicable Fund.<br>C.M. Life also reserves the right to remove or substitute Funds as investment options that are available under the policy. | &nbsp;&nbsp; Transfers<br>General Information About the Company the Separate Account and the Underlying Funds – Underlying Funds – Addition, Removal, Closure or Substitution of Funds |
| &nbsp;&nbsp; **Optional Benefits**  | &nbsp;&nbsp; Optional benefits, such as riders, may alter the benefits or charges under your policy. Rider availability and benefits may vary by state of issue, and their election may have tax consequences. Riders may have restrictions or limitations. If you elect a particular rider, it may restrict or enhance the terms of your policy, or restrict the availability or terms of other riders. | &nbsp;&nbsp; Other Benefits Available Under the Policy |

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|:---|:---|:---|
|  | **TAXES** | **LOCATION IN** **PROSPECTUS** |
| &nbsp;&nbsp; **Tax Implications**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; You should consult with a tax professional to determine the tax implications of an investment in and payments received under the policy.<br>If you purchase the policy through a qualified retirement plan, you do not receive any additional tax deferral. <br>Withdrawals and partial surrenders are taxed as recovery of cost basis first and income second. Loans and collateral assignments are not taxable when taken. Any gain on your policy is taxed as ordinary income.<br> If your policy becomes a Modified Endowment Contract or MEC, loans, collateral assignments, withdrawals, and other pre-death distributions will be taxed as income first and recovery of cost basis second. You may have to pay a penalty tax if you take a distribution before you attain age 59½. | &nbsp;&nbsp; Federal Income Tax Considerations |

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|:---|:---|:---|
|  | **CONFLICTS OF INTEREST** | **LOCATION IN** **PROSPECTUS** |
| &nbsp;&nbsp; **Investment Professional** **Compensation**  | &nbsp;&nbsp; Your registered representative may receive compensation in the form of commissions for selling the policy to you. If your registered representative is also a MassMutual insurance agent, they are also eligible for certain cash and non-cash benefits from us. Cash compensation includes bonuses and allowances based on factors such as sales, productivity and persistency (policy retention). Non-cash compensation includes various recognition items such as prizes and awards as well as attendance at, and payment of the costs associated with attendance at, conferences, seminars and recognition trips, and also includes contributions to certain individual plans such as pension and medical plans. Sales of the policy may help these registered representatives and their supervisors qualify for such benefits.<br>This conflict of interest may influence your registered representative to offer or recommend this policy over another investment. | &nbsp;&nbsp; Other Information – Distribution |
| &nbsp;&nbsp; **Exchanges**  | &nbsp;&nbsp; Some investment professionals may have a financial incentive to offer you the policy in place of the one you own. You should only exchange your current life insurance policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own your existing life insurance policy. | &nbsp;&nbsp; N/A |

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Overview of the Policy

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**What is the policy, and what is it designed to do?**

The C.M. Life Electrum Select policy is a variable life insurance policy that provides a death benefit. The policy is designed to allow you to fund your life insurance needs through investment in a Guaranteed Principal Account (GPA) and one or more of the variable investment divisions of the C.M. Life Variable Life Separate Account I (Separate Account). The policy allows you to allocate your Net Premiums and Account Value among the various investment choices. Your Account Value will vary based on performance of the investment choices you select and the fees and charges under the policy.

In exchange for your premium payments, we will pay the beneficiary a death benefit when the Insured dies while the policy is In Force. You can select one of the three death benefit options available under the policy. Subject to certain limitations, you can change the death benefit option you selected.

Businesses may use the policy in arrangements such as non-qualified deferred compensation or salary continuance plans, split dollar insurance plans, executive bonus plans, tax exempt and non-exempt welfare benefit plans, retiree medical benefit plans and others.

Variable life insurance is designed to help meet long-term insurance needs. It is not suitable as a vehicle for short-term savings. You should not purchase the policy if you will need the premium payments in a short period of time. The policy is not intended for people who need to take early or frequent withdrawals or who intend to engage in frequent trading among the Separate Account Divisions. You should consider your need for cash, time horizon for investment and financial goals before submitting an application to purchase the policy. You may want to consult your financial or tax adviser.

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**How are premium payments treated under the policy?**

When you apply for the policy, you select (within certain limitations) the Planned Premium amount and the payment frequency (annually or any other frequency allowed by us). The Planned Premium amount is based on a number of factors, including, but not limited to, the Total Selected Face Amount and the Insured's issue age, gender and risk classification. Generally, you determine the first premium you want to pay for the policy, but it must be at least equal to the Minimum Initial Premium. The Minimum Initial Premium is an amount equal to 3 times the sum of the monthly charges for the first month.

After the first premium has been paid, the policy offers premium flexibility, which allows subsequent premium payments to be paid in any amount and at any time, within certain limits. Although you must maintain sufficient Surrender Value to keep the policy In Force, there is no required schedule for premium payments. You should review the ''Premium Flexibility'' section of the prospectus for additional important information.

When a premium payment is received in Good Order, we deduct a premium load charge to generally cover taxes and acquisition expenses, and the remaining amount, known as the Net Premium, is allocated among the Separate Account Divisions and the GPA according to your current allocation instructions, which are completed as part of the policy application.

Investments in your policy's Separate Account Divisions are held in an account separate from the general assets of the Company. We have established a segment within the Separate Account to receive and invest premium payments for the Electrum Select policies. Currently, the Electrum Select segment is divided into over 100 Separate Account Divisions. Each Separate Account Division purchases shares in a corresponding Fund. *Information about each corresponding Fund is provided at the back of this prospectus. Please see ''Appendix A – Funds Available Under the Policy.''*

Net Premium and Account Value allocated to the GPA become part of the Company's General Investment Account, which supports life insurance and annuity obligations, and are dependent on the Company's financial strength and claims-paying ability. You do not participate in the investment performance of the assets in our General Investment Account. Instead, we guarantee that amounts allocated to the GPA, in excess of Policy Debt, will earn interest at a minimum rate of 1% per year. We may credit a higher rate at our discretion.

Payment of insufficient premiums may result in the policy lapsing. There is no guarantee that the policy will remain In Force as a result of making Planned Premium payments.

Federal law, such as the Internal Revenue Code of 1986, as amended (IRC), places restrictions on the amount of money you may put into a life insurance contract and still meet the definition of life insurance for tax purposes. In order for a policy to meet the IRC's guidelines, either the Cash Value Accumulation Test or the Guideline Premium Test must be chosen. Regardless whether you choose

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the Guideline Premium Test or the Cash Value Accumulation Test, we have the right to refund a premium paid in any year if it will increase the Insurance Risk under the policy.

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**What are the primary features and options that the Electrum Select policy offers?**

• **Choice of Death Benefit Options.** The policy offers a choice of one of three death benefit options, a Level Option, Return of Account Value Option and Return of Premium Option. Please see the ''Death Benefit'' section for more information.

• **Base Selected Face Amount Changes.** You may request an increase or decrease in the Base Selected Face Amount. If you change your Base Selected Face Amount, your policy charges will change accordingly. If the policy's Account Value (or Surrender Value if there is Policy Debt) cannot keep the policy In Force with the requested change in Base Selected Face Amount, a premium payment may be required.

• **Investment Options.** You can choose to allocate your Net Premium payments and Account Value among various investment choices. Your choices include the Separate Account Divisions, each of which invests in an underlying Fund, and the Guaranteed Principal Account (GPA).

• **Surrenders and Withdrawals.** You may surrender your policy, and we will pay you its Surrender Value (Account Value less any Policy Debt). You may also withdraw a part of the Surrender Value. A withdrawal reduces the policy values, may reduce the Base Selected Face Amount of the policy, and may increase the risk that the policy will terminate or lapse. Surrenders and withdrawals may have adverse tax consequences.

• **Loans.** You may take a loan on the policy at any time while the Insured is living. The policy secures the loan. Taking a loan may have adverse tax consequences and will increase the risk that your policy may terminate or lapse. Interest charges will apply.

• **Transfers.** Generally, you may transfer funds among the Separate Account Divisions and the GPA, subject to certain limitations. We also offer two automated transfer programs: Automated Account Value Transfer and Automated Account Re-balancing.

• **Assignability.** Subject to our approval, you may generally assign the policy as collateral for a loan or other obligation.

• **Tax Treatment.** You are generally not taxed on the policy's earnings until you withdraw Account Value from your policy. This is known as tax deferral.

• **Additional Rider Benefits.** There are additional benefits you may add to your policy by way of riders. An additional charge may apply if you elect a rider. The riders available with this policy are listed in the ''Other Benefits Available Under the Policy'' section.

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Fee Tables

The following tables describe the fees and expenses that you will pay when buying, owning, or making withdrawals from the policy. Please refer to your policy's specifications page for information about the specific fees you will pay each year based on the options you have elected.

**The first table describes fees and expenses that you will pay at the time you buy the policy, make withdrawals from the policy,** **transfer Account Value between investment options, or exercise certain rider options. We do not charge a surrender charge.**

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| | | | |
|:---|:---|:---|:---|
| **Transaction Fees**  | **Transaction Fees**  | **Transaction Fees**  | **Transaction Fees**  |
| **Charge**  | **When Charge is Deducted** | **Amount Deducted** | **Amount Deducted** |
| &nbsp;&nbsp; **Premium Load Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; 10.00% of each premium payment |
| &nbsp;&nbsp; **Premium Load Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Current:** |  |
| &nbsp;&nbsp; **Premium Load Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Below Target<sup>(1)</sup>: | &nbsp;&nbsp; 6.55% of each premium payment |
| &nbsp;&nbsp; **Premium Load Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At Target<sup>(1)</sup>: | &nbsp;&nbsp; 0.50% of each premium payment |
| &nbsp;&nbsp; **Withdrawal Charge**  | &nbsp;&nbsp; When you withdraw a portion of your Account Value from the policy  | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; 2.00% of the amount withdrawn, not to exceed $25 per withdrawal |
| &nbsp;&nbsp; **Withdrawal Charge**  | &nbsp;&nbsp; When you withdraw a portion of your Account Value from the policy  | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; 2.00% of the amount withdrawn, not to exceed $25 per withdrawal |
| &nbsp;&nbsp; **Transfer Fees**  | &nbsp;&nbsp; Upon each transfer after the first 12 transfers in a Policy Year  | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $10 per transfer |
| &nbsp;&nbsp; **Transfer Fees**  | &nbsp;&nbsp; Upon each transfer after the first 12 transfers in a Policy Year  | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; $0 per transfer |
| &nbsp;&nbsp; **Substitute Insured Charge**  | &nbsp;&nbsp; If Policy Owner elects to substitute a new Insured  | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $75 |
| &nbsp;&nbsp; **Substitute Insured Charge**  | &nbsp;&nbsp; If Policy Owner elects to substitute a new Insured  | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; $75 |
| &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  |
| &nbsp;&nbsp; **Overloan Protection Rider**  | &nbsp;&nbsp; Once, when you exercise the rider  | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; 3.71% of Account Value<sup>(2)</sup>  |
| &nbsp;&nbsp; **Overloan Protection Rider**  | &nbsp;&nbsp; Once, when you exercise the rider  | &nbsp;&nbsp; **Minimum:** | &nbsp;&nbsp; 1.02% of Account Value<sup>(2)</sup>  |
| &nbsp;&nbsp; **Overloan Protection Rider**  | &nbsp;&nbsp; Once, when you exercise the rider  | &nbsp;&nbsp; **Representative** **Insured:**<br>**Age 80**  | &nbsp;&nbsp; 3.19% of Account Value<sup>(2)</sup>  |

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| | | | |
|:---|:---|:---|:---|
| **Transaction Fees**  | **Transaction Fees**  | **Transaction Fees**  | **Transaction Fees**  |
| **Charge**  | **When Charge is Deducted** | **Amount Deducted** | **Amount Deducted** |
| &nbsp;&nbsp; **Cash Surrender Value**<br>**Enhancement Rider**  | &nbsp;&nbsp; **Cash Surrender Value**<br>**Enhancement Rider**  | &nbsp;&nbsp; **Cash Surrender Value**<br>**Enhancement Rider**  | &nbsp;&nbsp; **Cash Surrender Value**<br>**Enhancement Rider**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Maximum:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 1–7: | &nbsp;&nbsp; 0.50% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 8+: | &nbsp;&nbsp; 0.00% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Current:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 1–7: | &nbsp;&nbsp; 0.50% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Base Selected Face** **Amount Percentage** **Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 8+: | &nbsp;&nbsp; 0.00% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Maximum:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 1–7: | &nbsp;&nbsp; 0.50% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 8+: | &nbsp;&nbsp; 0.00% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; **Current:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 1–7: | &nbsp;&nbsp; 0.50% of each premium payment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Term Rider Selected** **Face Amount**<br>**Percentage Charge**  | &nbsp;&nbsp; When you pay premium  | &nbsp;&nbsp; Policy Years 8+: | &nbsp;&nbsp; 0.00% of each premium payment |

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*(1)* *The ''Target'' Premium for a policy establishes a threshold for a policy's premium loads. If you pay premiums that are below the Target Premium, your premium* *loads will be higher, as a percentage of premiums paid, than if you pay premiums that exceed the Target Premium. We set the Target Premium on the policy's Issue* *Date. The amount of the Target Premium depends on: (i) the Initial Base Selected Face Amount of the policy; (ii) the Insured's issue age; (iii) the Insured's* *gender; and (iv) the Insured's tobacco use classification. A table showing the Target Premiums at certain ages for a policy with a Base Selected Face Amount of* *$100,000 in all years can be found in the ''Premiums'' section.* 

*(2)* *The charge is assessed once at the time the Overloan Protection Rider is activated. The applicable percentage of Account Value varies by Attained Age.* 

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**The next table describes the fees and expenses that you will pay periodically, during the time that you own the policy, other** **than Fund fees and expenses.**

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|:---|:---|:---|:---|
| **Periodic Charges Other than Annual Fund Operating Expenses** | **Periodic Charges Other than Annual Fund Operating Expenses** | **Periodic Charges Other than Annual Fund Operating Expenses** | **Periodic Charges Other than Annual Fund Operating Expenses** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** | **Amount Deducted** |
| &nbsp;&nbsp; **Base Contract Charge:**  | &nbsp;&nbsp; **Base Contract Charge:**  | &nbsp;&nbsp; **Base Contract Charge:**  | &nbsp;&nbsp; **Base Contract Charge:**  |
| &nbsp;&nbsp; **Cost of Insurance Charge<sup>(1)</sup>**<sup>**(2)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $23.98 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Cost of Insurance Charge<sup>(1)</sup>**<sup>**(2)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Minimum:** | &nbsp;&nbsp; $0.01 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Cost of Insurance Charge<sup>(1)</sup>**<sup>**(2)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Representative**<br>**Insured:**<br>**Age 45,**<br>**Non-Smoker,**<br>**Standard Risk,**<br>**Death Benefit**<br>**Option 1<sup>(3)</sup>** | &nbsp;&nbsp; $0.04 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Base Face Amount Charge** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $0.025 per $1,000 of an amount equal to the greater of (i) the Initial Base Selected Face Amount or (ii) the initial premium multiplied by the applicable Minimum Death Benefit Percentage |
| &nbsp;&nbsp; **Base Face Amount Charge** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; $0.025 per $1,000 of an amount equal to the greater of (i) the Initial Base Selected Face Amount or (ii) the initial premium multiplied by the applicable Minimum Death Benefit Percentage |
| &nbsp;&nbsp; **Mortality & Expense Risk Fees<sup>(4)</sup>** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; 1.10% of the policy's Variable Account Value |
| &nbsp;&nbsp; **Mortality & Expense Risk Fees<sup>(4)</sup>** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Current:** |  |
| &nbsp;&nbsp; **Mortality & Expense Risk Fees<sup>(4)</sup>** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; Policy Years 1-10: | &nbsp;&nbsp; 0.60% of the policy's Variable Account Value |
| &nbsp;&nbsp; **Mortality & Expense Risk Fees<sup>(4)</sup>** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; Policy Years 11+: | &nbsp;&nbsp; 0.50% of the policy's Variable Account Value |
| &nbsp;&nbsp; **Administrative Charge** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $9.00 per month |
| &nbsp;&nbsp; **Administrative Charge** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; $5.00 per month |
| &nbsp;&nbsp; **Loan Interest Rate Expense** **Charge<sup>(5)</sup>** | &nbsp;&nbsp; Daily, if there is Policy Debt | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; 3.00% of loaned amount annually |
| &nbsp;&nbsp; **Loan Interest Rate Expense** **Charge<sup>(5)</sup>** | &nbsp;&nbsp; Daily, if there is Policy Debt | &nbsp;&nbsp; **Current:** |  |
| &nbsp;&nbsp; **Loan Interest Rate Expense** **Charge<sup>(5)</sup>** | &nbsp;&nbsp; Daily, if there is Policy Debt | &nbsp;&nbsp; Policy Years 1-10: | &nbsp;&nbsp; 1.00% of loaned amount annually |
| &nbsp;&nbsp; **Loan Interest Rate Expense** **Charge<sup>(5)</sup>** | &nbsp;&nbsp; Daily, if there is Policy Debt | &nbsp;&nbsp; Policy Years 11+: | &nbsp;&nbsp; 0.00% of loaned amount annually |

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| | | | |
|:---|:---|:---|:---|
| **Periodic Charges Other than Annual Fund Operating Expenses**  | **Periodic Charges Other than Annual Fund Operating Expenses**  | **Periodic Charges Other than Annual Fund Operating Expenses**  | **Periodic Charges Other than Annual Fund Operating Expenses**  |
| **Charge**  | **When Charge is Deducted** | **Amount Deducted** | **Amount Deducted** |
| &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  | &nbsp;&nbsp; **Optional Benefit Charges:**  |
| &nbsp;&nbsp; **Supplemental Monthly Term** **Insurance Rider**<br>**(Cost of Insurance Charge)<sup>(1)</sup>**<sup>**(6)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $31.33 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Supplemental Monthly Term** **Insurance Rider**<br>**(Cost of Insurance Charge)<sup>(1)</sup>**<sup>**(6)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Minimum:** | &nbsp;&nbsp; $0.01 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Supplemental Monthly Term** **Insurance Rider**<br>**(Cost of Insurance Charge)<sup>(1)</sup>**<sup>**(6)**</sup> | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Representative**<br>**Insured:**<br>**Age 45,**<br>**Non-Smoker,**<br>**Standard Risk<sup>(3)</sup>** | &nbsp;&nbsp; $0.04 per $1,000 of Insurance Risk |
| &nbsp;&nbsp; **Supplemental Monthly Term** **Insurance Rider**<br>**(Face** **Amount Charge)** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Maximum:** | &nbsp;&nbsp; $0.025 per $1,000 of amount of monthly term insurance |
| &nbsp;&nbsp; **Supplemental Monthly Term** **Insurance Rider**<br>**(Face** **Amount Charge)** | &nbsp;&nbsp; Monthly, on the policy's<br>Monthly Calculation Date | &nbsp;&nbsp; **Current:** | &nbsp;&nbsp; $0.025 per $1,000 of amount of monthly term insurance |

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*(1)* *These cost of insurance charge rates may not be representative of the rates that a typical Policy Owner will pay. These rates may vary by a number of factors,* *including but not limited to, the Insured's issue age, Insured's gender, Policy Year, tobacco use classification and risk classification. If you would like information* *on the cost of insurance charge rates for your particular situation, you can request a personalized illustration from your registered representative or by calling* *our Administrative Office at (800) 665-2654.* 

*(2)* *The maximum cost of insurance charge rates are based on 100% of the ultimate 2017 Commissioners' Standard Ordinary (2017 CSO), Age-Last Birthday, Gender* *and Smoker Distinct Table. For policies issued on a unisex basis, the maximum cost of insurance charge rates are based on 100% of the ultimate 2017* *Commissioners' Standard Ordinary (2017 CSO), Age-Last Birthday, 80% Male and Smoker Distinct Table.* 

*(3)* *The rates shown for ''representative insured'' are first year rates only.* 

*(4)* *The monthly Mortality & Expense Risk Fee is deducted from the then current Account Values in the Separate Account Divisions. This charge will be determined* *by multiplying one-twelfth of the Mortality & Expense Risk Charge Percentage by the Account Values in the Separate Account Divisions.* 

*(5)* *We charge interest on policy loans, but we also credit interest on the cash value we hold as collateral on policy loans. The Loan Interest Rate Expense Charge* *represents the difference (cost) between the loan interest rate we charge and the interest credited on loaned amounts.* 

*(6)* *The maximum cost of insurance charge rates are based on 125% of the ultimate 2017 Commissioners' Standard Ordinary (2017 CSO), Age-Last Birthday, Gender* *and Smoker Distinct Table. For policies issued on a unisex basis, the maximum cost of insurance charge rates are based on 125% of the ultimate 2017* *Commissioners' Standard Ordinary (2017 CSO), Age-Last Birthday, 80% Male and Smoker Distinct Table.* 

**The next table shows the minimum and maximum total operating expenses charged by any of the Funds in which your** **Separate Account Divisions invest that you may pay periodically during the time that you own the policy. A complete list of** **Funds in which the Separate Account Divisions invest, including their annual expenses, may be found at the back of this** **document in Appendix A. More detail concerning each Fund's fees and expenses is contained in the prospectus for each Fund.**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Annual Fund Operating Expenses**  | **Minimum** | **Maximum** |
| &nbsp;&nbsp; Range of annual fund operating expenses including management fees, distribution and/or service (12b-1) fees and other expenses.<sup>(1)</sup>  | 0.03% | 3.48% |

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*(1)* *The Fund expenses used to prepare this table were provided to us by the Funds. We have not independently verified such information provided to us by Funds that* *are not affiliated with us.* 

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Principal Risks

**Investment Risks**

The value of your policy will fluctuate with the performance of the Separate Account Divisions you select. Your Separate Account Divisions may decline in value or they may not perform to your expectations. You bear the investment risk of any Account Value invested in the Separate Account Divisions. It is possible you could lose your entire investment.

The type of investments that a Fund company makes will also create risk. A comprehensive discussion of the risks of each of the Funds underlying the Separate Account Divisions may be found in that Fund's prospectus. You should read the Fund's prospectus carefully before investing.

**Suitability**

Variable life insurance is designed to help meet long-term financial goals. It is not suitable as a vehicle for short-term savings. You should not purchase the policy if you will need the premium payment in a short period of time. We may restrict short-term investment strategies.

**Early Surrender**

An early surrender can result in adverse tax consequences.

**Withdrawals**

A withdrawal will reduce your policy's Account Value by the amount withdrawn. In addition, we impose a withdrawal charge whenever you withdraw a portion of your Account Value. If the policy's Surrender Value is reduced to a point where it cannot meet a monthly deduction, your policy may terminate. A withdrawal may also reduce your policy's Base Selected Face Amount and may have adverse tax consequences.

**Loans**

Taking a loan from your policy has several risks: (1) it may increase the risk that your policy will terminate; (2) it will have a permanent effect on your policy's Surrender Value; (3) it may increase the amount of premium needed to keep the policy In Force; (4) it will reduce the death benefit proceeds; and (5) it has potential adverse tax consequences.

**Policy Termination**

Your policy could terminate if the Surrender Value of the policy becomes too low to support the policy's monthly charges. The policy may also terminate if Policy Debt reaches the Policy Debt Limit (which means the Policy Debt equals or exceeds your Account Value). Factors that may cause your policy to terminate include: insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest. Poor investment performance of the Funds selected by the Owner and the deduction of policy fees and monthly charges may result in termination of the policy even if all Planned Premiums are timely paid. Before the policy terminates, however, you will receive a Grace Period during which you will be notified in writing that your coverage may terminate unless you pay additional premium. No death benefit or other benefits under the policy will be paid once the policy terminates.

**Limitations on Access to Cash Value**

• Withdrawals are not available in the first Policy Year; however, full surrenders are permitted.

• We may not allow a withdrawal if it would reduce the Base Selected Face Amount to less than the policy's minimum Base Selected Face Amount.

• The minimum withdrawal is $100 and the maximum withdrawal is 90% of your Account Value, less outstanding Policy Debt and less an amount equal to the (i) most recent monthly charges multiplied by (ii) one plus the number of Monthly Calculation Dates remaining until the next Policy Anniversary.

• There may be little to no cash value available for loans and withdrawals in the policy's early years.

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**Insurance Company Insolvency**

It is possible that we could experience financial difficulty in the future and even become insolvent, and therefore unable to provide all of the guarantees and benefits that we promise that exceed the value of the assets in the Separate Account.

**Adverse Tax Consequences**

Certain transactions (including, but not limited to, withdrawals, surrenders and loans) may lead to a taxable event. Under certain circumstances (usually if your premium payments in the first seven years or less exceed specified limits), your policy may become a ''Modified Endowment Contract'' (MEC). Under federal tax law, loans, collateral assignments, withdrawals, and other pre-death distributions received from a MEC policy are taxed as income first and recovery of cost basis second. Also, distributions includible in income received before you attain age 59½ may be subject to a 10% penalty tax.

Existing tax laws that benefit this policy may change at any time.

**Policy Charge Increase**

We have the right to increase certain policy and rider charges; however, the charges will not exceed the maximum charges identified in the fee tables. If we increase a policy or rider charge, you may need to increase the amount and/or frequency of your premiums to keep your policy In Force. We will notify the Policy Owner of any such changes through a prospectus supplement.

**Cybersecurity and Certain Business Continuity Risks**

The Company relies on its parent, MassMutual<sup>®</sup>, for various operating and administrative services including computer systems. MassMutual's operations support complex transactions and are highly dependent on the proper functioning of information technology and communication systems. Any failure of or gap in the systems and processes necessary to support complex transactions and avoid systems failure, fraud, information security failures, processing errors, cyber intrusion, loss of data and breaches of regulation may lead to a materially adverse effect on MassMutual's results of operations and corporate reputation. In addition, MassMutual must commit significant resources to maintain and enhance its existing systems in order to keep pace with applicable regulatory requirements, industry standards and customer preferences. If MassMutual fails to maintain secure and well-functioning information systems, it may not be able to rely on information for product pricing, compliance obligations, risk management and underwriting decisions. In addition, MassMutual cannot assure investors or consumers that interruptions, failures or breaches in security of these processes and systems will not occur, or if they do occur, that they can be timely detected and remediated. The occurrence of any of these events may have a materially adverse effect on MassMutual's businesses, results of operations and financial condition. For additional detail regarding cybersecurity and related risks, please see "Other Information – Computer System, Cybersecurity, and Service Disruption Risks" in this prospectus.

General Information about the Company, the Separate Account and the Underlying Funds

**The Company**

C.M. Life Insurance Company (C.M. Life) is a wholly owned stock life insurance subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual). C.M. Life provides life insurance and annuities to individuals and group life insurance to institutions. MassMutual and its domestic life insurance subsidiaries provide individual and group life insurance, disability insurance, individual and group annuities and guaranteed interest contracts to individual and institutional customers in all 50 states of the U.S., the District of Columbia and Puerto Rico. Products and services are offered primarily through MassMutual's distribution channels: MassMutual Financial Advisors, MassMutual Strategic Distributors, Institutional Solutions and Worksite.

MassMutual is organized as a mutual life insurance company. MassMutual's home office is located at 1295 State Street, Springfield, Massachusetts 01111-0001. C.M. Life's business address is 1295 State Street, Springfield, Massachusetts 01111-0001.

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**The Guaranteed Principal Account**

Net Premium and Account Value you allocate to the GPA become part of the General Investment Account of the Company. Subject to applicable law, the Company has sole discretion over the assets in its General Investment Account. The assets of our General Investment Account support our insurance and annuity obligations and are subject to our general liabilities from our business operations and to claims by our creditors. We use General Investment Account assets for many purposes including to pay death benefits, withdrawals, surrenders, policy loans, and transfers from the GPA as well as to pay amounts we provide to you through elected additional features and guarantees that are in excess of your Variable Account Value allocated to the Separate Account. We refer to our ability to meet any contractual obligations as our ''claims-paying ability.''

It is important to note that there is no guarantee that we will always be able to meet our claims-paying obligations, and as with any insurance product, there are risks to purchasing this policy. For this reason, when purchasing a policy and making investment decisions, you should consider our financial strength and claims-paying ability to meet our obligations under the policy.

The General Investment Account has not been registered under the Securities Act of 1933 (1933 Act) or the Investment Company Act of 1940 (1940 Act) because of exemptive and exclusionary provisions. Accordingly, neither the General Investment Account nor any interests therein are generally subject to the provisions of the 1933 Act or the 1940 Act. Disclosures regarding the GPA or the General Investment Account, however, are subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of statements made in this prospectus.

You do not participate in the investment performance of the assets in our General Investment Account. Instead, we guarantee that amounts allocated to the GPA, in excess of Policy Debt, will earn interest at a minimum rate of 1% per year. We may credit a higher rate of interest at our discretion. The interest rate is declared monthly. You bear the risk that no higher rates of interest will be credited.

For amounts in the loaned portion of the GPA, the guaranteed minimum interest rate per year is the minimum annual interest rate for the GPA (1%).

You may obtain interest rate information for the GPA, including the loaned portion and the non-loaned portion, by calling our Administrative Office.

**The Separate Account**

The part of your premium that you invest in your policy's Separate Account Divisions is held in an account that is separate from the general assets of the Company. This account is called the C.M. Variable Life Separate Account I. In this prospectus we will refer to it simply as the Separate Account.

We established the Separate Account on February 2, 1995, according to the laws of the State of Connecticut. We registered it with the SEC as a unit investment trust under the 1940 Act.

The Separate Account exists to keep your life insurance assets separate from our other Company assets. As such, any income, gains, and losses credited to, or charged against, the Separate Account reflect only the Separate Account's own investment experience. At no time will the Separate Account reflect the investment experience of the Company's other assets. The Company owns the assets in the Separate Account. The Separate Account is divided into divisions, each of which purchases shares in a corresponding underlying Fund. Any death benefits, withdrawals, surrenders, policy loans, or transfers of Account Value from the Separate Account Divisions will be redeemed from the corresponding Funds.

We may not use the assets in the Separate Account to pay any liabilities of the Company other than those arising from the policies. We may, however, transfer to our General Investment Account any assets that exceed anticipated obligations of the Separate Account. We are required to pay, from our general assets, if necessary, all amounts promised under the Electrum Select policies. In the event that the assets in the Separate Account exceed the liabilities, the Company may only withdraw seed capital and earned fees and charges.

We have established a segment within the Separate Account to receive and invest premium payments for the Electrum Select policies.

Currently, the Electrum Select segment is divided into over 100 Separate Account Divisions. The underlying Funds are listed in ''Appendix A – Funds Available Under the Policy.''

Some of the underlying Funds offered are similar to mutual funds offered in the retail marketplace. They may have the same investment objectives and portfolio managers as the retail funds. The Funds offered in the Electrum Select policy, however, are set up exclusively for variable annuity and variable life insurance products. Their shares are not offered for sale to the general public, and their performance results will differ from the performance of the retail funds.

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We reserve the right, subject to compliance with applicable federal securities laws and regulations and any other federal or state law, to create separate accounts and to make certain material changes to the structure and operation of the Separate Account, including, among other things to:

• create new Separate Account Divisions;

• create new segments of the Separate Account for any new variable life insurance products we create in the future;

• eliminate Separate Account Divisions;

• close existing Separate Account Divisions to allocations of new premium payments by current or new Policy Owners;

• combine the Separate Account or any Separate Account Divisions with one or more different separate accounts or Separate Account Divisions;

• transfer the assets of the Separate Account or any Separate Account Divisions that we may determine to be associated with the class of contracts to which the policy belongs to another separate account or Separate Account Division;

• operate the Separate Account as a management investment company under the 1940 Act or in any other form permitted by law;

• de-register the Separate Account under the 1940 Act in the event such registration is no longer required; and

• change the name of the Separate Account.

**Underlying Funds**

We do not recommend or endorse any particular Fund, and we do not provide investment advice. You are responsible for choosing the Funds, and the amounts allocated to each, that are appropriate for your own individual circumstances and your investment goals, financial situation, and risk tolerance. Since investment risk is borne by you, decisions regarding investment allocations should be carefully considered.

Information regarding each Fund, including (i) its name; (ii) its type (e.g., money market fund, bond fund, balanced fund, etc.); (iii) its investment adviser and any sub-investment adviser; (iv) current expenses; and (v) performance is available in Appendix A to this prospectus. Please see ''Appendix A – Funds Available Under the Policy.'' In making your investment selections, we encourage you to thoroughly investigate all of the information regarding the Funds that is available to you. Each Fund has issued a prospectus that contains more detailed information about the Fund.

After you select Funds for your initial premium, you should monitor and periodically re-evaluate your allocations to determine if they are still appropriate.

**You bear the risk of any decline in your policy Account Value resulting from the performance of the Funds you have chosen.** **You can find the prospectuses and other information about the Funds online at www.MassMutual.com/Electrum-Select. You** **can also request this information at no cost by calling (800) 665-2654 or sending an email request to** **BOLICOLIService@MassMutual.com.**

**Addition, Removal, Closure, or Substitution of Funds**

We do not guarantee that each Fund will always be available for investment through the policy. We have the right to change the Funds offered through the policy, but only as permitted by law. If the law requires, we will also get your approval and the approval of any appropriate regulatory authorities. Changes may only impact certain Policy Owners. Examples of possible changes include: adding new Funds or Fund classes, removing existing Funds or Fund classes, closing existing Funds or Fund classes, or substituting a Fund with a different Fund. New or substitute Funds may have different fees and expenses. We will not add, remove, close, or substitute any shares attributable to your interest in a Separate Account Division without notice to you and prior approval of the SEC, to the extent required by applicable law. We reserve the right to transfer Separate Account assets to another separate account that we determine to be associated with the class of policies to which your policy belongs.

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**Conflicts of Interest**

The Funds available with this policy may also be available to registered separate accounts offering variable annuity and variable life products of other affiliated and unaffiliated insurance companies, as well as to the Separate Account and other separate accounts of C.M. Life. Although we do not anticipate any disadvantages to these arrangements, it is possible that a material conflict may arise between the interests of the Separate Account and one or more of the other separate accounts participating in the Funds. A conflict may occur, for example, as a result of a change in law affecting the operations of variable life and variable annuity separate accounts, differences in the voting instructions of the owners and payees and those of other insurance companies, or some other reason. In the event of a conflict of interest, we will take steps necessary to protect owners and payees, including withdrawing the Separate Account from participation in the Funds involved in the conflict or substituting shares of other Funds.

**Compensation We Receive from Funds, Advisers and Sub-Advisers**

**Compensation We Receive from Funds**

We and certain of our insurance affiliates receive compensation from certain Funds pursuant to Rule 12b-1 under the 1940 Act. This compensation is paid out of a Fund's assets and may be as much as 0.30% of the average net assets of an underlying Fund that are attributable to the variable annuity and variable life insurance products issued by us and certain of our insurance affiliates that offer the particular Fund. An investment in a Fund with a 12b-1 fee will increase the cost of your investment in this policy.

**Compensation We Receive from Advisers and Sub-Advisers**

We and certain of our insurance affiliates also receive compensation from the advisers and sub-advisers to some of the Funds. We may use this compensation to pay expenses that we incur in promoting, issuing, distributing and administering the policy, and providing services on behalf of the Funds in our role as intermediary to the Funds. The amount of this compensation is determined by multiplying a specified annual percentage rate by the average net assets held in that Fund that are attributable to the variable annuity or variable life insurance products offered by us and certain of our insurance affiliates. These percentage rates differ, but currently do not exceed 0.35%. Some advisers and sub-advisers pay us more than others; some advisers and sub-advisers do not pay us any such compensation.

The compensation may not be reflected in a Fund's expenses because this compensation may not be paid directly out of a Fund's assets. These payments also may be derived, in whole or in part, from the advisory fee deducted from Fund assets. Policy Owners, through their indirect investment in the Funds, bear the costs of these advisory fees (please see the Funds' prospectuses for additional information).

In addition, we may receive fixed dollar payments from the advisers and sub-advisers to certain Funds so that the adviser and sub-adviser can participate in sales meetings conducted by us. Attending such meetings provides advisers and sub-advisers with opportunities to discuss and promote their Funds.

**For a list of the Funds whose advisers currently pay such compensation, visit**

**www.MassMutual.com/privacy-policy/compensation-arrangements or call our Administrative Office.**

**Compensation and Fund Selection**

When selecting the Funds that will be available with the policy, we consider each Fund's investment strategy, asset class, manager's reputation, and performance. We also consider the amount of compensation that we receive from the Funds, their advisers, sub-advisers, or their distributors. The compensation that we receive may be significant, and we may profit from this compensation. Additionally, we offer certain Funds through the policy at least in part because they are managed by an affiliate.

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**Voting Rights**

We are the legal owner of the Fund shares. However, you have the right to instruct us how to vote on questions submitted to the shareholders of the Funds supporting the policy. This right is limited to the extent you are invested in those Separate Account Divisions on the record date. We vote shares for which we do not receive instructions in the same proportion as the shares for which we do receive instructions. The shares held in the name of the Company and its affiliates will also be proportionally voted. This process may result in a small number of Policy Owners controlling the vote. There is no minimum number of votes required. If we determine that we are no longer required to comply with the above, we will vote the shares in our own right.

Your right to instruct us is based on the number of shares of the Funds attributable to your policy. The number of shares of any Fund, attributable to your policy, is determined by dividing the Account Value held in that Separate Account Division by $100. Fractional votes are counted.

We will send you or, if permitted by law, make available electronically, proxy material and a form to complete giving us voting instructions.

We may, when required by state insurance regulatory authorities, disregard voting instructions, if such instructions would require shares to be voted so as to cause a change in the sub-classification or investment objective of a Fund or to approve or disapprove an investment advisory contract for the Fund. In addition, we may disregard voting instructions that would require a change in the investment policy or investment adviser of one or more of the available Funds. Our disapproval of such change must be reasonable and based on a good faith determination that the change would be contrary to state law or otherwise inappropriate, considering the Fund's objectives and purpose. If we disregard Policy Owner voting instructions, we will advise Policy Owners of our action and the reasons for such action.

Charges and Deductions

This section describes the charges and deductions we make under the policy to compensate us for the services and benefits we provide, costs and expenses we incur, and risks we assume. We may profit from the charges deducted, and we may use any such profits for any purpose, including payment of distribution expenses.

In addition, the Funds pay operating expenses that are deducted from the assets of the Funds. For more information about these expenses, please see the individual Fund prospectuses.

**Transaction Fees**

**Premium Load Charge**

Prior to applying your premium to the GPA or the selected Separate Account Division(s), we deduct a premium load charge. This charge reimburses us for federal and state premium taxes and certain expenses related to the sale and distribution of the policies. We may profit from this charge.

This charge is comprised of two components: the premium tax component and the sales load component. The premium tax component reimburses us for state and local premium taxes and for federal premium taxes. This amount is not the actual amount of the tax liability we might incur. It is an estimated amount. If the actual tax liability is more or less, we will not adjust the charge retroactively. The sales load component covers sales expenses, including commissions. If these expenses increase, this charge may be increased, but the charge will never exceed the maximum charges set forth in the Transaction Fees table. Please see the ''Fee Tables'' section.

The maximum premium load charge that we can deduct is 10% of each premium payment. The current premium load charge is 6.55% of each premium payment up to and including the Target Premium, and 0.50% of premium over the Target Premium.

**Transfer Fee**

We currently allow you to make twelve transfers each Policy Year free of charge. We reserve the right to assess a charge for transfers if there are more than twelve in a Policy Year. The charge will not exceed $10 for each additional transfer. We will deduct any transfer charge from the amount being transferred. If imposed, the fee will reimburse us for processing the transfer.

For purposes of assessing a transfer charge, we consider all transfers made on one Valuation Date to be one transfer. Transfers made in connection with loans, however, do not count as transfers for the purpose of assessing a transfer charge. Please see the ''Policy Transactions'' section for additional information.

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**Withdrawal Charge**

If you make a withdrawal from your policy, we deduct a charge of 2% of the money you withdraw. This charge will not exceed $25 for each withdrawal. This fee is guaranteed not to increase for the duration of the policy. We will deduct the withdrawal charge from the amount withdrawn. This charge reimburses us for processing the withdrawal.

**Substitute Insured Charge**

We assess an administrative fee if you transfer the policy to the life of a substitute Insured. The charge reimburses us for processing the substitution. The charge is $75.00.

**Surrender Charge**

There is no surrender charge.

**Periodic Charges**

**Loan Interest Rate Expense Charge**

We assess a loan interest rate expense charge against policies with outstanding loan balances. This charge represents the difference between the interest we charge on policy loans and the interest we credit on the cash value we hold as collateral on policy loans. It is added to the interest we charge on the loaned value. This charge reimburses us for the ongoing expense of administering the loan.

The charge varies by Policy Year. However, it will never exceed 3.00%.

**Monthly Charges Against the Account Value**

The following charges are deducted from the Account Value on each Monthly Calculation Date.

The Monthly Calculation Date is the date on which monthly charges for the policy are due. The first Monthly Calculation Date is the Policy Date, and subsequent Monthly Calculation Dates are on the same day of each succeeding calendar month.

Your policy's Monthly Calculation Date will be listed in the policy's specifications page. The mortality and expense risk charge will be deducted pro-rata from the Separate Account Divisions according to the Account Value in each Separate Account Division. All other monthly charges will be deducted from the Separate Account Divisions and the GPA in proportion to the non-loaned Account Values in each on the date the deduction is taken.

**Administrative Charge and Base Face Amount Charge**

The administrative charge and the base face amount charge reimburse us for issuing and administering the policy, and for such activities as processing claims, maintaining records and communicating with you.

Administrative Charge

The maximum administrative charge is $9 per policy, per month. The current administrative charge is $5 per policy, per month.

Base Face Amount Charge

We currently deduct a monthly base face amount charge from the policy. We base this charge on the greater of the Initial Base Selected Face Amount or the initial premium multiplied by the applicable Minimum Death Benefit percentage (based on the Insured's Attained Age at the time of calculation).

This charge is guaranteed not to exceed $0.025 per $1,000 of the amount calculated in accordance with the preceding paragraph.

**Mortality and Expense Risk Charge**

The mortality and expense risk charge imposed is a percentage of the policy's Account Value held in the Separate Account. The maximum percentage is 1.10% and the current percentage is:

• 0.60% in Policy Years 1–10; and

• 0.50% in Policy Years 11+.

The charge is deducted from your Account Value allocated to the Separate Account Divisions but not from the GPA.

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This charge compensates us for the mortality and expense risks we assume under the policies and for acquisition costs. The mortality risk we assume is that the group of lives insured under our policies may, on average, live for shorter periods of time than we estimated, and as a result, the cost of insurance charges will be insufficient to meet actual claims.

The expense risk we assume is that our costs of issuing, distributing and administering the policies will exceed the charges collected.

If all the money we collect from this charge is not needed to cover death benefits and expenses, it will be our gain. We will use this gain for any purpose, including payment of sales commissions. If the money we collect is insufficient, we will still pay all valid claims and expenses.

Mortality & Expense Credit

We will reduce the Mortality & Expense Risk Charge by an amount equal to the payments (or a portion of the payments) that we receive from certain of the Funds and/or the advisers and sub-advisers to certain of the Funds (the ''Mortality & Expense Credit''). Please see ''Compensation We Receive From Funds, Advisers and Sub-Advisers'' for more information about the payments that we receive. The amount of the Mortality & Expense Credit with respect to any Fund is not guaranteed and may be changed or eliminated by us at any time. If changed or eliminated, we will notify the Policy Owner. Please see Appendix B for the Mortality & Expense Credit associated with certain of the Funds.

**Cost of Insurance Charge**

The cost of insurance charge reimburses us for providing you with life insurance protection.

We deduct a cost of insurance charge based on your policy's Insurance Risk. Insurance Risk is equal to the difference between the death benefit and the Account Value. These deductions are made by deducting Account Value from the Separate Account Division(s) and the GPA in proportion to the values in each.

The maximum cost of insurance charge rates associated with your policy are shown in the policy's specifications pages. These rates are calculated using the 2017 Commissioners' Standard Ordinary Mortality Table, male or female, the non-smoker or smoker table, and age of the Insured on his/her last birthday. For policies issued on a unisex basis, these rates are calculated using the 2017 Commissioners' Standard Ordinary Mortality Table, 80% male, the non-smoker or smoker table, and age of the Insured on his/her last birthday.

We may charge less than the maximum monthly insurance charges shown in the table(s). If we elect to change the monthly cost of insurance charge, the new charges will be based on our expectations as to future experience regarding one or more of the following: mortality, investment earnings, persistency, expenses and tax results, and reserve requirements. Any change in these charges will apply to all individuals in the same class.

Insurance charges for the policy will not be the same for all Policy Owners. Your policy's actual or current cost of insurance charge rates are based a number of factors including, but not limited to:

• the Insured's issue age;

• the Insured's gender;

• the Insured's tobacco use classification;

• the Policy Year in which we make the deduction;

• the rating class of the policy; and

• the underwriting classification of the Case.

These rates generally increase as the Insured's age increases. The rates will vary with the number of years the coverage has been In Force and with the Base Selected Face Amount and the Term Rider Selected Face Amount of the policy.

How the Cost of Insurance Charge is Calculated

We calculate the cost of insurance charge on the Monthly Calculation Date by multiplying the current cost of insurance charge rate by a discounted Insurance Risk. Insurance Risk is a liability of the insurance company and is equal to the difference between the death benefit and the Account Value.

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The discounted Insurance Risk is the difference, on the Monthly Calculation Date, between:

• the amount of death benefit available under the death benefit option in effect, discounted by one plus the monthly equivalent of 1% per year, and

• the Account Value (before deduction of the monthly cost of insurance charge).

The following two steps describe how we calculate the cost of insurance charge for your policy:

<u>Step 1</u>: We calculate the discounted Insurance Risk for your policy:

<sup>(a)</sup> We divide the amount of the death benefit available under the death benefit option in effect by one plus the monthly equivalent of the minimum annual interest rate for the GPA (1%); and

<sup>(b)</sup> We subtract your policy's Account Value at the beginning of the policy month (before deduction of the monthly cost of insurance charge) from the amount we calculated in 1(a) above.

<u>Step 2</u>: We multiply the discounted Insurance Risk by the cost of insurance charge rate. This amount is your cost of insurance charge.<br>

Additional Information about the Cost of Insurance Charge

We will apply any changes in cost of insurance charges in a manner not unfairly discriminatory to Policy Owners. No change in insurance classification or cost will occur on account of the Insured's health after we issue the policy.

Because your Account Value and death benefit may vary from month to month, your cost of insurance charge may also vary on each Monthly Calculation Date. The cost of your insurance depends on the amount of the Insurance Risk on your policy. Factors that may affect the Insurance Risk include:

• the amount and timing of premium payments;

• investment performance;

• fees and charges assessed;

• rider charges;

• withdrawals;

• policy loans;

• changes to the Base Selected Face Amount; and

• changes to the death benefit option.

**Rider Charges**

You can obtain additional benefits by applying for riders on your policy. The purpose of the charge for these riders is to compensate us for the anticipated cost of providing the additional benefits. More information regarding the rider charges can be found below, under the ''Other Benefits Available Under the Policy'' section.

**Reduction of Charges**

We may reduce or eliminate certain charges (sales load, administrative charge, cost of insurance charge, or other charges) where the size or nature of the group results in savings in sales, underwriting, administrative or other costs, to us. These charges may be reduced in certain group, sponsored arrangements or special exchange programs made available by us. Eligibility for reduction in charges and the amount of any reduction is determined by a number of factors, including:

• the number of Insureds;

• the total premium expected to be paid;

• total assets under management for the Policy Owner;

• the nature of the relationship among individual Insureds;

• the purpose for which the policies are being purchased;

• the expected persistency of individual policies; and

• any other circumstances which are rationally related to the expected reduction in expenses.

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The extent and nature of reductions may change from time to time. The charge structure may vary. Variations are determined in a manner not unfairly discriminatory to Policy Owners which reflects differences in costs of services.

Policy Owner, Insured, Beneficiary

**Policy Owner**

The Policy Owner is the individual, corporation, partnership, trust or other entity who owns the policy, as shown on our records, and will generally make the choices that determine how the policy operates while it is In Force. A change of Policy Owner will take effect as of the date the Written Request is signed. Each change will be subject to any payment we made or other action we took before receiving the Written Request in Good Order.

The sale of your policy to an unrelated investor, sometimes called a viatical or a life settlement, typically has transaction costs that may reduce the value of the settlement. Discuss the benefits and risks of selling your life insurance policy with your registered representative and estate planner before you enter into a life settlement. Such a sale may also have adverse tax consequences. Please see ''Sales to Third Parties'' in the ''Federal Income Tax Considerations'' section for additional information.

**Insured**

The Insured is the person on whose life the policy is issued. The Policy Owner must have an insurable interest in the life of the Insured in order for the policy to be valid under state law and for the policy to be considered life insurance for income tax purposes. If the policy does not comply with the insurable interest requirements of the issue state at the time of issue, the policy may be deemed void from the beginning. As a result, the policy would not provide the intended benefits. It is the responsibility of the Policy Owner to determine whether proper insurable interest exists at the time of policy issuance.

You name the Insured in the application for the policy. Generally, we will not issue a policy for an Insured who is beyond Attained Age 75.

**Beneficiary**

The Beneficiary is the person you name in the application to receive any death benefit. You may name different classes of Beneficiaries, such as primary and secondary. These classes will set the order of payment.

Unless an irrevocable Beneficiary has been named, you can change the Beneficiary at any time before the Insured dies by sending a Written Request in Good Order to our Administrative Office. The Owner must have the consent of an irrevocable Beneficiary to change the Beneficiary. Generally, the change will take effect as of the date your Written Request is signed. Each change will be subject to any payment we made or other action we took before receiving the Written Request in Good Order.

If no Beneficiary is living or in existence when the Insured dies, we will pay you the death benefit unless the policy states otherwise. If you are deceased, the death benefit will be paid to your estate.

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Purchasing a Policy

**Availability**

The policy is available on a Case basis. A Case is defined as one or more policies issued to the same Policy Owner. All policies within a Case are aggregated for purposes of determining Policy Dates, loan rates and underwriting requirements.

The minimum Base Selected Face Amount is $25,000 per policy. At the time of issue, the Insured must be at least Attained Age 18 and no older than Attained Age 75.

**Underwriting**

We currently offer three different underwriting programs:

<sup>(1)</sup> Guaranteed issue underwriting is generally available to Cases that will insure ten or more lives. Insureds who are part of a Case eligible for guaranteed issue underwriting are not required to undergo medical underwriting, but they must have been actively at work for at least 90 days prior to application.

<sup>(2)</sup> Simplified issue underwriting is generally available to Cases that will insure six or more lives. Insureds who are part of a Case eligible for simplified issue underwriting are not required to undergo medical underwriting, but they are required to provide more information than for guaranteed issue underwriting, including health and avocation questions.

<sup>(3)</sup> Full underwriting is generally available for any Case that will insure three or more lives and does not qualify for guaranteed issue or simplified issue underwriting. Insureds who are part of a Case that requires full underwriting will be required to undergo a medical examination.

Generally, on a current basis, the overall cost of insurance rates for a healthy individual are higher for a guaranteed or simplified issue policy than for a similar policy issued with full underwriting.

In certain states, simplified issue underwriting may be referred to as ''simplified underwriting'' and guaranteed issue underwriting may be referred to as ''limited underwriting.''

**Purchasing a Policy**

To purchase a policy you must send us a completed application. The minimum Initial Base Selected Face Amount of a policy is currently $25,000. The Policy Owner selects, within our limits, the Base Selected Face Amount. The Base Selected Face Amount is used to determine the amount of insurance coverage the policy provides while it is In Force.

The Initial Base Selected Face Amount is the Base Selected Face Amount on the Policy Date. It is listed on the first page of your policy. The ''Policy Date'' is the date used as the starting point for determining Policy Anniversary dates, Policy Years and Monthly Calculation Dates. Your ''Policy Anniversary'' is the anniversary of the Policy Date.

We determine whether to accept or reject the application for the policy and the Insured's risk classification. The policy's Issue Date is the date we actually issue the policy. Coverage under the policy becomes effective on the policy's Issue Date.

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**Your Right to Return the Policy**

You have the right to cancel the policy. If you change your mind about owning the policy, you can return the policy for a refund (Free Look), but only if you return it within a prescribed period after receiving it. This period is 10 days in all states except the following: 14 days in Florida and 20 days in North Dakota. If you cancel the policy, we will issue you a refund.

During the Free Look period, we will apply premium payments based on your allocation instructions. If you cancel the policy, we will pay a refund to you. The refund equals:

<sup>(1)</sup> any premium paid for the policy; plus

<sup>(2)</sup> interest credited to the policy under the GPA; plus or minus

<sup>(3)</sup> an amount that reflects the investment experience of the Separate Account Divisions under the policy to the date the policy is received by us; minus

<sup>(4)</sup> any amounts borrowed or withdrawn.

To cancel the policy, return it to us at our Administrative Office, to the registered representative who sold the policy, or to one of our agency offices.

**Sending Requests in Good Order**

From time to time you may want to submit a Written Request for a change of beneficiary, a transfer, or some other action. A Written Request is a written or electronic communication or instruction in Good Order sent by the Policy Owner to, and received by C.M. Life, at, our Administrative Office. We may allow requests to be submitted by telephone, fax, website, or other electronic media for certain transactions. Telephone, fax, email, or internet transactions may not always be available. Telephone, fax, and computer systems can experience outages or slowdowns for a variety of reasons. These outages or slowdowns may prevent or delay our receipt of your request. We may make these additional methods available at our discretion. They may be suspended or discontinued at any time without notice. Not all transaction types can be requested by telephone, website or other electronic media.

Premiums

**Premium Payments and Payment Plans**

All premium payments must be sent in Good Order to us at our Administrative Office.

There are four premium concepts under the policy:

• Minimum Case Premium;

• Minimum Initial Premium;

• Planned Premium; and

• Target Premium.

The Minimum Case Premium and Minimum Initial Premium requirements must be satisfied before we will issue a policy. The Planned Premium establishes the basis for the premium bills we will send to you, and the Target Premium establishes a threshold for your policy's premium load charges.

**Minimum Case Premium**

The minimum premium that we require for a Case is $100,000 of Planned Premium meaning that the sum of the Planned Premiums for all of the policies issued in a Case must equal at least $100,000 or the policies will not be issued.

**Minimum Initial Premium**

Generally, you determine the first premium you want to pay for the policy, but it must be at least equal to the Minimum Initial Premium. The Minimum Initial Premium is an amount equal to 3 times the sum of the monthly charges for the first month.

You must pay the Minimum Initial Premium and submit the application and all other required forms in Good Order to our Administrative Office before we will issue your policy.

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**Planned Premiums**

When applying for the policy, you select (within the policy limitations) the Planned Premium and payment frequency (annually or any other frequency allowed by us). Your election of a Planned Premium forms the basis for the premium bills we send you. You may change the amount of your Planned Premium at any time.

The amount of your Planned Premium will depend on:

• the Base Selected Face Amount of the policy;

• the Insured's age;

• the Insured's gender;

• the Insured's tobacco use classification; and

• the amount of the first premium paid.

We will send premium notices for the Planned Premium based on the payment frequency in effect. There is no penalty if you do not pay the Planned Premium; however, the policy may lapse if there is not sufficient Surrender Value from which to deduct the monthly charges.

If a Planned Premium payment is not made, the policy will not necessarily terminate. Conversely, making Planned Premium payments does not guarantee the policy will remain In Force. Even if you pay Planned Premiums, the policy will terminate if the Surrender Value becomes insufficient to pay monthly charges and the Grace Period expires without sufficient payment.

Please see the "Policy Termination and Reinstatement" section. We will send a notice of any premium needed to prevent termination of the policy.

To change the amount and frequency of Planned Premiums, you may contact our Administrative Office.

If you change the frequency of your Planned Premiums, your policy may be at risk of lapsing because we do not bill for fractional payment periods.

**Example:**

Your Policy Anniversary is on January 2 and the planned quarterly premium payments are made. We have been sending a bill each quarter for the applicable premium. In June, we receive notification to change the Planned Premium from quarterly payments to annual payments. In this situation, we would have sent bills for the first and second quarterly payments of that year. After receiving notification, however, we would not send a bill for the last two quarterly payments of that year. We will send the next bill approximately 30 days prior to the next Policy Anniversary (January 2). If a premium payment is not made between July and January 2, your policy may lapse before the next bill is received. For more information on what happens if your policy lapses, please see the "Policy Termination and Reinstatement" section.

**Target Premium**

The Target Premium for your policy establishes a threshold for your policy's premium load charge. If you pay premiums that are below the Target Premium, your premium load charge will be higher, as a percentage of premiums paid, than if you pay premiums that exceed the Target Premium.

We set the Target Premium on the date we issue your policy. The amount of the Target Premium depends on:

• the Initial Base Selected Face Amount of the policy;

• the Insured's age;

• the Insured's gender; and

• the Insured's tobacco use classification.

The following tables show the Target Premium at certain ages for a policy with a Base Selected Face Amount of $100,000 in all years, under Death Benefit Option 1.

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**Target Premium – $100,000 Base Selected Face Amount (Death Benefit Option 1)**

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Class**  | **25** | **Issue Age**<br>**40** | **55** |
| &nbsp;&nbsp;&nbsp;&nbsp; Male Tobacco  | $5766 | $7610 | $9985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Female Tobacco  | $5474 | $7278 | $9578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unisex Tobacco  | $5710 | $7559 | $9902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Male Non-Tobacco  | $5081 | $6732 | $8861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Female Non-Tobacco  | $4777 | $6353 | $8429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unisex Non-Tobacco  | $5041 | $6660 | $8795 |

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**Paid-up Policy Date**

The Paid-up Policy Date is the Policy Anniversary on or next following the Insured's 95<sup>th</sup> birthday. On and after this date, the amount of benefit provided by the Death Benefit Option will be the Minimum Death Benefit.

As of this date and thereafter, the charge for cost of insurance will be $0, face amount charges will be $0, and we will no longer accept premium payments. We will continue to deduct any other monthly charges. Your payment of Planned Premiums does not guarantee that the policy will continue In Force to the Paid-up Policy Date.

**Premium Flexibility**

While your policy is In Force, you may pay premiums at any time before the death of the Insured subject to certain restrictions. There are no required premium payments, although you must maintain sufficient Account Value to keep the policy In Force by paying the monthly charges. You may elect to set-up a ''Planned Premium'' payment plan.

Premium payment plans are discussed above in the ''Premium Payments and Payment Plans'' section. The minimum premium payment we will accept is $100.

In some cases, applying a subsequent premium payment in a Policy Year could result in your policy becoming a MEC. If a policy is a MEC under federal tax law, loans, withdrawals and other amounts distributed under the policy are taxable to the extent of any income accumulated in the policy. Please see ''Modified Endowment Contracts'' under the ''Federal Income Tax Considerations'' section for additional information. We will not credit any amount of premium to your policy that will exceed MEC limits unless we have written authorization from the Policy Owner to allow MEC status. Additionally, we will follow these procedures:

• If we receive a subsequent premium payment that would cause the policy to become a MEC, the premium payment will be considered not in Good Order. We will credit only that part of the premium payment to the policy that will not cause the policy to become a MEC. We will return the remaining portion of the payment to the premium payer.

• In addition, the payment frequency may be changed to annual to prevent subsequent premium bills from being produced prior to the next Policy Anniversary date.

These procedures may not apply if there has been a material change to your policy that impacts the 7-pay limit or 7-pay period, because the start of the 7-pay year may no longer coincide with your Policy Anniversary. Please see ''Federal Income Tax Considerations'' section for additional information.

**Premium Limitations**

The IRC has limits on the amount of money you may put into a life insurance contract and still meet the IRC's definition of life insurance for tax purposes. There are two tests under the IRC rules that are used to determine if a policy meets the IRC guidelines:

• the Cash Value Accumulation Test, and

• the Guideline Premium Test.

If you choose the Guideline Premium Test, the maximum premium payment we will accept will be stated in your policy's specifications pages. Regardless of whether you choose the Guideline Premium Test or the Cash Value Accumulation Test, we have the right to refund a premium paid in any year if it will increase the Insurance Risk under the policy. The Insurance Risk is the difference between the death benefit payable and the Account Value of your policy. Please see "Minimum Death Benefit" in the "Death Benefits" section for detailed information regarding the Cash Value Accumulation Test and the Guideline Premium Test.

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Certain policy changes (including but not limited to a change in face amount, a change in tobacco use classification, or the addition or removal of a rider) may cause a recalculation of your maximum premium limit. If a policy change results in a decrease to your premium limit, we may be required to distribute funds from your policy to maintain its compliance with the adjusted premium limit. The distribution will be taken from the Separate Account Division(s) and the GPA in proportion to the non-loaned values in each.

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**How and When Your Premium is Allocated**

**Net Premium**

Net Premium is a premium payment received in Good Order and accepted by us minus the premium load charge and the Cash Surrender Value Enhancement Rider charge, if applicable.

The Net Premium is allocated among the Divisions and the GPA according to your current instructions.

When applying for the policy, you choose the percentages of your Net Premiums to be allocated among the Separate Account Divisions and/or the GPA. You may choose any percentages (to two decimals) as long as the total is 100%. However, we reserve the right to limit the number of Separate Account Divisions to which you can allocate your premiums if the limitation is necessary to protect your policy's status as life insurance under federal tax law.

You may change your Net Premium allocation at any time by sending a Net Premium Allocation Request form to us at our Administrative Office. You may also change your Net Premium allocation by telephone or fax transmission, subject to certain restrictions. Please note that telephone, fax, or website transactions may not always be available. Telephone, computer systems, and faxes can experience outages or slowdowns for a variety of reasons. These outages or slowdowns may prevent or delay our receipt of your request. To help protect against unauthorized or fraudulent telephone instructions, we will take reasonable steps to confirm that telephone instructions given to us are genuine. We may record all telephone conversations.

A request to change your Net Premium allocation will become effective on the Valuation Date we receive your request, in Good Order, at our Administrative Office. If we receive your request in Good Order on a non-Valuation Date or after the end of a Valuation Date, the change will become effective on the next Valuation Date.

**When Net Premium is Allocated**

During the Free Look period, we will allocate your first Net Premium to the GPA and/or the Separate Account Divisions in accordance with the Net Premium allocation then in effect, provided the premium equals or exceeds the Minimum Initial Policy Premium. If the premium does not equal or exceed the Minimum Initial Policy Premium, the policy will not be issued.

You may choose any percentages (to two decimals) as long as the total is 100%.

If a payment is refused by your bank after we have applied the premium payment to your policy, the transaction will be deemed void and your payment will be reversed.

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Transfers

While your Policy is In Force, you may generally transfer all or part of a Separate Account Division's Account Value to any other Separate Account Division or the GPA. Transfers are effective as of the Valuation Date we receive your Written Request in Good Order. If we receive your Written Request on a non-Valuation Date or after the end of a Valuation Date, your transfer request will be effective as of the next Valuation Date.

You can make transfers by Written Request by calling our Administrative Office. In your transfer request, you must indicate the dollar amount or the percentage (to two decimals) you wish to transfer.

Generally, there is no limit on the number of transfers you may make among the Separate Account Divisions. However, as discussed more fully in the section below, we may terminate, limit, or modify your ability to make such transfers due to frequent trading or market timing activity. We currently do not charge a fee for transfers. We do, however, reserve the right to charge a fee for transfers if there are more than twelve transfers in a Policy Year. This fee will not exceed $10 per transfer. We will consider all transfers made on one Valuation Date to be one transfer.

We reserve the right to limit the number of Separate Account Divisions to which you can allocate your Account Value if the limitation is necessary to protect your policy's status as life insurance under federal tax law.

You may transfer all Account Value in the Separate Account to the GPA at any time without incurring a fee.

You may only transfer Account Value from the GPA to the Separate Account once per Policy Year. This transfer may not exceed 25% of your Account Value in the GPA at the time of your transfer. For purposes of this transfer restriction, your Account Value in the GPA does not include Policy Debt. However, you may transfer 100% of your Account Value in the GPA to the Separate Account if:

• you have transferred 25% of your Account Value in the GPA in each of the previous three Policy Years; and

• you have not allocated premium payments or made transfers to the GPA during any of the previous three Policy Years, except as a result of a policy loan.

You cannot transfer Account Value in the GPA equal to any Policy Debt.

**Limits on Frequent Trading and Market Timing Activity**

This policy and its investment choices are not designed to serve as vehicles for what we have determined to be frequent trading or market timing trading activity. We consider these activities to be abusive trading practices that can disrupt the management of a Fund in the following ways:

• by requiring the Fund to keep more of its assets liquid rather than investing them for long-term growth, resulting in lost investment opportunity; and

• by causing unplanned portfolio turnover.

These disruptions, in turn, can result in increased expenses and can have an adverse effect on Fund performance that could impact all Policy Owners and Beneficiaries under the policy, including long-term Policy Owners who do not engage in these activities. Therefore, we discourage frequent trading and market timing trading activity and will not accommodate frequent transfers among the Funds. Organizations and individuals that intend to trade frequently and/or use market timing investment strategies should not purchase this policy. We have adopted policies and procedures to help us identify those individuals or entities that we determine may be engaging in frequent trading and/or market timing trading activities. We monitor trading activity to uniformly enforce those procedures. However, those who engage in such activities may employ a variety of techniques to avoid detection. Our ability to detect frequent trading or market timing may be limited by operational or technological systems, as well as by our ability to predict strategies employed by Policy Owners (or those acting on their behalf) to avoid detection. Therefore, despite our efforts to prevent frequent trading and the market timing of Funds among the Separate Account Divisions, there can be no assurance that we will be able to identify all those who trade frequently or those who employ a market timing strategy (or any intermediaries acting on behalf of such persons) and curtail their trading in every instance. Moreover, our ability to discourage and restrict frequent trading or market timing may be limited by decisions of state regulatory bodies and court orders that we cannot predict. In addition, some of the Funds are available with variable products issued by other insurance companies. We do not know the effectiveness of the policies and procedures used by these other insurance companies to detect frequent trading and/or market timing. The Funds may reflect lower performance and higher expenses across all policies as a result of undetected abusive trading practices. If we, or the investment adviser to any of the Funds available with this policy, determine that a Policy Owner's transfer patterns reflect frequent trading or employment of a market timing strategy, we will allow the Policy Owner to submit transfer requests by regular mail only. We will not accept the Policy

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Owner's transfer request if submitted by overnight mail, fax, the telephone, our website, or any other type of electronic medium. Additionally, we may reject any single trade that we determine to be abusive or harmful to the Fund.

Orders for the purchase of Fund shares may be subject to acceptance by the Fund. Therefore, we reserve the right to reject, without prior notice, any Fund transfer request if the investment in the Fund is not accepted for any reason. In addition, Funds may assess a redemption fee (which we reserve the right to collect) on shares held for a relatively short period. The prospectuses for the Funds describe the Funds' frequent trading or market timing policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. We have entered into a written agreement, as required by SEC regulation, with each Fund or its principal underwriter that obligates us to provide to the Fund promptly upon request certain information about the trading activity of individual Policy Owners, and to execute instructions from the Fund to restrict or prohibit further purchases or transfers by specific Policy Owners who violate the frequent trading or market timing policies established by the Fund. Policy Owners and other persons with interests in the policies should be aware that the purchase and redemption orders received by the Funds generally are ''omnibus'' orders from intermediaries, such as retirement plans or separate accounts funding variable insurance contracts. The omnibus orders reflect the aggregation and netting of multiple orders from individual Policy Owners of variable contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Funds in their ability to apply their frequent trading or market timing policies and procedures. It may also require us to restrict or prohibit further purchases or transfers as requested by a Fund on all policies owned by a Policy Owner whose trading activity under one variable contract has violated a Fund's frequent trading or market timing policy. If a Fund believes that an omnibus order reflects one or more transfer requests from Policy Owners engaged in frequent trading or market timing activity, the Fund may reject the entire omnibus order.

We will notify you in writing if we reject a transfer or if we implement a restriction due to frequent trading or the use of market timing investment strategies. If we do not accept a transfer request, no change will be made to your allocations per that request. We will then allow you to resubmit the rejected transfer by regular mail only. Additionally, we may in the future take any of the following restrictive actions that are designed to prevent the employment of a frequent trading or market timing strategy:

• not accept transfer instructions from a Policy Owner or other person authorized to conduct a transfer;

• limit the number of transfer requests that can be made during a Policy Year; and

• require the value transferred into a Fund to remain in that Fund for a particular period of time before it can be transferred out of the Fund.

We will apply any restrictive action we take uniformly to all Policy Owners we believe are employing a frequent trading or market timing strategy. These restrictive actions may not work to deter frequent trading or market timing activity. We reserve the right to revise our procedures for detecting frequent trading and/or market timing at any time without prior notice if we determine it is necessary to do so in order to better detect frequent trading and/or market timing, to comply with state or federal regulatory requirements, or to impose different restrictions on frequent traders and/or market timers. If we modify our procedures, we will apply the new procedure uniformly to all Policy Owners.

**Automated Account Value Transfer**

Automated Account Value Transfer allows you to make monthly transfers of Account Value in a Separate Account Division to any combination of Separate Account Divisions and the GPA. You must specify the amount you wish to transfer as a dollar amount or a percentage (rounded to two decimal places). Automated Account Value Transfers are not available from more than one Separate Account Division or from the GPA. We consider this process as one transfer per Policy Year. We do not charge you for participating in the Automated Account Value Transfer Program.

You can elect, change or cancel the Automated Account Value Transfer on any Valuation Date, provided we receive a fully completed Written Request in Good Order at our Administrative Office. We will only make transfers on the Monthly Calculation Date. The effective date of the first automated transfer will be the first Monthly Calculation Date after we receive your Written Request in Good Order. If we receive your request before the end of the Free Look period, your first automated transfer will occur on the Valuation Date next following the end of this period.

Transfers will occur automatically. However, you must specify:

• the Separate Account Division we are to transfer from;

• the Separate Account Division(s) and/or GPA we are to transfer to; and

• the length of time during which transfers will continue.

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If your transfer amount is greater than your Account Value in the Separate Account Division we are transferring from, then we will transfer your remaining value in that Separate Account Division in the same proportion as your previously transferred amounts. We will not process any more automated transfers thereafter.

We may at any time modify, suspend or terminate the Automated Account Value Transfer Program without prior notification.

You may not elect Automated Account Value Transfer while you have elected Automated Account Re-balancing for your policy.

**Automated Account Re-balancing**

Automated Account Re-balancing permits you to maintain a specified percentage (rounded to two decimal places) of your Account Value in any combination of the Separate Account Divisions and the GPA. We must receive a fully completed Written Request in Good Order to begin your Automated Account Re-balancing Program. Then, we will make transfers on a quarterly basis to and from the Separate Account Divisions and the GPA to re-adjust your Account Value to your specified percentage. Quarterly re-balancing is based on your Policy Year. The minimum amount we will transfer under this provision is $5.00. We do not charge you for participating in the Automated Account Re-balancing Program.

This program allows you to maintain a specific allocation of Account Value among the Separate Account Divisions and the GPA. We will re-balance your Account Value only on a Monthly Calculation Date. We consider Automated Account Re-balancing as one transfer per Policy Year.

You can elect or cancel Automated Account Re-balancing on any Valuation Date, provided we receive a fully completed Written Request in Good Order at our Administrative Office. You may only change allocation percentages once each Policy Year. In addition, you may only reduce your allocation to the GPA by up to 25% of the non-loaned portion of the GPA once each Policy Year.

The effective date of the first automated re-balancing will be the first Monthly Calculation Date after we receive your Written Request in Good Order at our Administrative Office. If we receive the request before the end of the Free Look period, your first re-balancing will occur on the Valuation Date next following the end of the Free Look period.

We may at any time modify, suspend or terminate the Automated Account Re-balancing Program without prior notification.

You may participate in either the Automated Account Value Transfer Program or the Automated Account Re-balancing Program at one time, but may not participate in both programs at the same time.

**Example:**

Assume that your initial Net Premium payment is split among four Separate Account Divisions: MML VIP Barings Core Bond, MML Foreign, MML VIP Franklin Templeton Equity, and PIMCO All Asset Portfolio.

Further assume that you have also completed an Automated Account Re-balancing Request form indicating that you want the values in the Separate Account Divisions rebalanced quarterly, beginning today, January 10, as follows:

• 60% in MML VIP Barings Core Bond and<br>

• 40% in PIMCO All Asset Portfolio.<br>Over the next 2½ months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the MML VIP Barings Core Bond Division represents 80% of the value of the two selected Separate Account Divisions in your Portfolio Rebalancing Program.<br>Three months from the date you selected to begin your quarterly Automated Account Re-balancing Program, April 10, we will sell all units in the MML Foreign and MML VIP Franklin Templeton Equity Divisions using the proceeds to purchase units in the MML VIP Barings Core Bond (60%) and PIMCO All Asset Portfolio (40%) Divisions. In addition, some of your units in the MML VIP Barings Core Bond Division will be sold and the proceeds will be used to purchase additional units in the PIMCO All Asset Portfolio Division to bring the ratio of the two investment choices to 60/40 respectively.<br>

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Policy Value

**How the Value of Your Policy is Calculated**

The value of your policy is called its Account Value. The Account Value has two components:

• the Variable Account Value; and

• the GPA Value.

We will calculate your Account Value on each Valuation Date.

**Variable Account Value**

Transactions in your Separate Account Divisions are all reflected through the purchase and sale of Accumulation Units. An Accumulation Unit is a unit of measure that we use to determine the value in each Separate Account Division. For instance, before we invest your Net Premium payment in a Separate Account Division, we convert your Net Premium payment into Accumulation Units and then purchase an appropriate number of shares in the designated Fund.

The Variable Account Value is the sum of your values in each of the Separate Account Divisions. It reflects:

• Net Premiums allocated to the Separate Account; plus

• transfers to the Separate Account from the GPA; less

• transfers and withdrawals from the Separate Account; less

• fees and charges deducted from the Separate Account; adjusted by

• the Net Investment Experience of the Separate Account.

Net Investment Experience

The Net Investment Experience of the Variable Account Value is reflected in the value of the Accumulation Units.

Every Valuation Date we determine the value of an Accumulation Unit for each of the Separate Account Divisions. Changes in the Accumulation Unit value reflect the investment performance of the Fund as well as Fund expenses.

The value of an Accumulation Unit may go up or down from Valuation Date to Valuation Date.

When you make a premium payment, we credit your policy with Accumulation Units. We determine the number of Accumulation Units to credit by dividing the amount of the Net Premium payment allocated to a Separate Account Division by the unit value for that Separate Account Division. When you make a withdrawal, we deduct Accumulation Units representing the withdrawal amount from your policy. We deduct Accumulation Units for insurance and other policy charges.

We calculate the value of an Accumulation Unit for each Separate Account Division at the end of each Valuation Date. Any change in the Accumulation Unit value will be reflected in your policy's Account Value.

The purchase and sale of Accumulation Units will affect your Account Value in the Separate Account Divisions. If we receive a premium payment or a Written Request that causes us to purchase or sell Accumulation Units, and we receive that premium payment or request before the end of a Valuation Date, Accumulation Units will be purchased or sold as of that Valuation Date.

Otherwise, Accumulation Units will be purchased or sold as of the next following Valuation Date.

**Guaranteed Principal Account Value**

The GPA Value is the accumulation of:

<sup>(1)</sup> Net Premiums allocated to the GPA; plus

<sup>(2)</sup> amounts transferred into the GPA; plus

<sup>(3)</sup> interest credited to the GPA; less

<sup>(4)</sup> amounts transferred or withdrawn from the GPA; less

<sup>(5)</sup> monthly charges deducted from the GPA.

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Interest on the Guaranteed Principal Account

The GPA Value earns interest at an effective annual rate, credited daily.

For the loaned portion of the GPA, the daily interest rate we use is at least the daily equivalent of the minimum annual interest rate for the GPA (1%).

For the non-loaned portion of the GPA, the daily rate we use is the daily equivalent of the greater of:

• the current interest rate we declare; or

• the guaranteed interest rate of 1%.

The current interest rate may change as often as monthly.

Death Benefit

If the Insured dies while the policy is In Force and we determine the claim is valid, we will pay the death benefit to the Beneficiary in a lump sum.

The death benefit will be the amount provided by the death benefit option in effect on the date of death, increased by the portion of any monthly charges already deducted that apply to a period beyond the date of death, and reduced by any outstanding Policy Debt, and any unpaid monthly charges to the date of death. The death benefit is calculated as of the date of the Insured's death.

The Minimum Death Benefit for your policy is based on your policy's Account Value as described below.

**Minimum Death Benefit**

In order to qualify as life insurance under IRC Section 7702, the policy must have a Minimum Death Benefit that is determined by one of two compliance tests. You choose the test when you apply for the policy. You cannot change your choice of test after the policy is issued.

For purposes of computing any Minimum Death Benefit under Death Benefit Options 1, 2, or 3 to be paid in the event of death of the Insured in Policy Years 1 through 11, and only for such purposes, the policy's Account Value will be increased by the amount of the Enhancement Benefit under the Cash Surrender Value Enhancement Rider, if elected.

**Cash Value Accumulation Test (CVAT)**

Under this test, the Minimum Death Benefit on any date is equal to the Account Value on that date multiplied by the death benefit factor for the Insured's Attained Age on that date. The death benefit factor depends on the Insured's gender, Attained Age, tobacco use risk classification, and the CVAT interest rate under Section 7702 of the IRC.

**Guideline Premium Test**

Under this test, the Minimum Death Benefit on any date is equal to a percentage of the Account Value on that date. The Minimum Death Benefit percentage varies only by the Attained Age of the Insured.

Your choice of the Guideline Premium Test or the Cash Value Accumulation Test will depend on how you intend to pay premiums. You should review policy illustrations of both approaches with your registered representative to determine how the policy works under each test, and which is best for you.

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**Death Benefit Options**

When you apply for the policy, you must choose a Base Selected Face Amount and one of three death benefit options. These are:

• **Death Benefit Option 1 –** the death benefit is the greater of:

∘ the Base Selected Face Amount in effect on the date of death; or

∘ the Minimum Death Benefit in effect on the date of death.

• **Death Benefit Option 2** – the death benefit is the greater of:

∘ the sum of the Base Selected Face Amount in effect on the date of death, plus the Account Value on the date of death; or

∘ the Minimum Death Benefit in effect on the date of death.

• **Death Benefit Option 3** – the death benefit is the greatest of:

∘ the sum of the Base Selected Face Amount in effect on the date of death, plus the sum of all premiums paid (and not refunded), less withdrawals; or

∘ the Base Selected Face Amount in effect on the date of death; or

∘ the Minimum Death Benefit in effect on the date of death.

If the Insured dies while the policy is In Force, we will pay the death benefit based on the option in effect on the date of death, with the following adjustments:

• We add the part of any monthly cost of insurance charges that apply for the period beyond the date of death; and

• We deduct any Policy Debt outstanding on the date of death; and

• We deduct any monthly charges unpaid as of the date of death.

If the Insured dies during a Grace Period, any unpaid premium needed to avoid Policy Termination will also be deducted from the death benefit.

You should note that under Death Benefit Options 1 and 3, the death benefit amount is not affected by your policy's investment experience unless the death benefit is based on the Minimum Death Benefit. Under Death Benefit Option 2, the death benefit is a variable death benefit. This means that, because the death benefit amount includes the Account Value, it can change from day to day. Your policy's Account Value will vary due to the investment performance of the Separate Account Divisions in which you have allocated premium. It is also impacted by the deduction of charges and other policy expenses.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Example:**  | &nbsp;&nbsp; **Example:**  | &nbsp;&nbsp; **Example:**  | &nbsp;&nbsp; **Example:**  |
| &nbsp;&nbsp; The following example shows how the death benefit may vary as a result of investment performance and Death Benefit Option in effect on the date of death.  | &nbsp;&nbsp; The following example shows how the death benefit may vary as a result of investment performance and Death Benefit Option in effect on the date of death.  | &nbsp;&nbsp; The following example shows how the death benefit may vary as a result of investment performance and Death Benefit Option in effect on the date of death.  | &nbsp;&nbsp; The following example shows how the death benefit may vary as a result of investment performance and Death Benefit Option in effect on the date of death.  |
|  |  | **Policy A** | **Policy B** |
| (a)  | Base Selected Face Amount: | $100000 | $100000 |
| (b)  | Account Value on date of death: | &nbsp;&nbsp;&nbsp;&nbsp;$40000 | &nbsp;&nbsp;&nbsp;&nbsp;$50000 |
| (c)  | Sum of premiums less withdrawals: | &nbsp;&nbsp;&nbsp;&nbsp;$30000 | &nbsp;&nbsp;&nbsp;&nbsp;$40000 |
| (d)  | Minimum Death Benefit percentage on date of death: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240% |
| (e)  | Minimum Death Benefit (b x d): | &nbsp;&nbsp;&nbsp;&nbsp;$96000 | $120000 |
|  | Death benefit if Death Benefit Option 1 is in effect [greater of (a) or (e)]: | $100000 | $120000 |
|  | Death benefit if Death Benefit Option 2 is in effect [greater of (a + b) or (e)]: | $140000 | $150000 |
|  | Death benefit if Death Benefit Option 3 is in effect [greater of (a + c) or (a) or (e)]: | $130000 | $140000 |

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*The examples assume no additions to or deductions from the Base Selected Face Amount or Minimum Death Benefit are applicable.*

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**Right to Change the Death Benefit Option**

You may change your Death Benefit Option at any time while the Insured is living by Written Request and subject to our guidelines regarding proof of insurability. However, no change will be permitted after the Policy Anniversary nearest the Insured's 95<sup>th</sup> birthday. There is no charge for a change in death benefit option; however, the monthly deduction amount will change.

If the change is from:

• Death Benefit Option 1 to 2, or

• Death Benefit Option 1 to 3, or

• Death Benefit Option 2 to 3, or

• Death Benefit Option 3 to 2,

then the Base Selected Face Amount after the change will equal the Base Selected Face Amount before the change, and evidence of insurability will be required.

If the change is from Death Benefit Option 2 to 1, then the Base Selected Face Amount after the change will equal the Base Selected Face Amount before the change plus the Account Value, and no evidence of insurability is required.

If the change is from Death Benefit Option 3 to 1, then the Base Selected Face Amount after the change will equal the greater of (i) the Base Selected Face Amount before the change and (ii) the Base Selected Face Amount before the change plus the sum of all premiums paid (and not refunded), less withdrawals. No evidence of insurability is required.

The death benefit following a death benefit option change, however, may behave differently based on the new death benefit option in effect. For example, if the Minimum Death Benefit doesn't apply and if a Policy Owner changes the Death Benefit Option from option 1 (death benefit = Base Selected Face Amount) to option 2 (death benefit = Base Selected Face Amount + Account Value), the death benefit after the change will be increased by the Account Value rather than remaining level. The Policy Owner may decide to make this change if the desire is to have a death benefit that will increase if the Account Value grows.

Alternatively, a Policy Owner may change from death benefit option 2 to option 1 if they would like to have a level death benefit following the change. Having a level death benefit (rather than increasing as the Account Value grows) could reduce the policy's Insurance Risk as the policy's Account Value increases and, as a result, could reduce the monthly insurance charges.

The effective date of any change in the death benefit option will be your first Policy Anniversary on, or next following, the later of:

• the date we approve your Written Request for such change; or

• the requested effective date of the change.

Please see Appendix C for examples of how a change in death benefit option may impact the policy's Base Selected Face Amount.

**Right to Change the Base Selected Face Amount**

You may request an increase or decrease in the Base Selected Face Amount. If you change your Base Selected Face Amount, your policy charges will change accordingly. If you increase the Base Selected Face Amount, the cost of insurance charge for your policy will increase because of the increase in the Insurance Risk. If you decrease the Base Selected Face Amount, the cost of insurance charge for your policy will decrease because of the decrease in Insurance Risk.

If you increase or decrease the Base Selected Face Amount, your policy may become a MEC under federal tax law. MECs are discussed in the ''Federal Income Tax Considerations'' section; however, you should consult your tax adviser for information on how a MEC may affect your tax situation.

**Increases in Base Selected Face Amount**

You may increase the Base Selected Face Amount by Written Request beginning six months after the Policy Date or six months after a previous increase. We may request adequate evidence of insurability for an increase.

We will not allow an increase in the Base Selected Face Amount after the Insured's Attained Age 80. Any increase in the Base Selected Face Amount will be effective on the Monthly Calculation Date which is on, or next follows, the later of:

• the date we approve your Written Request for such change; or

• the requested effective date of the change.

Any increase must be for at least $5,000.

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**Decreases in Base Selected Face Amount**

You may also decrease your Base Selected Face Amount. The Base Selected Face Amount after a decrease must be at least $25,000.

Any requested decrease in the Base Selected Face Amount will be effective on the Monthly Calculation Date which is on, or next follows the later of:

• the date we approve your Written Request for such change; or

• the requested effective date of the change.

A decrease in the Base Selected Face Amount may have adverse tax consequences.

**When We Pay Death Benefit Proceeds**

If the policy is In Force, and it is determined that the claim is valid, we normally pay the death benefit within seven calendar days after the date we receive due proof of the Insured's death and all required documents, in Good Order, at our Administrative Office.

Certain situations may delay payment of a death claim. These situations include, but are not limited to, our right to contest the validity of a death claim. We investigate all death claims that occur within the policy's two-year contestable periods as described below.

We have the right to contest the validity of the policy for any material misrepresentation of a fact within two years:

• after the policy is issued;

• after an increase in the Base Selected Face Amount; or

• after reinstatement.

We may also investigate death claims beyond the contestable periods. After any two-year contestable period, we generally cannot contest the validity of a policy or a Face Amount increase, except for failure to pay premiums. However, if the application(s) contains a fraudulent misstatement of fact, we may contest at any time, to the extent permitted by law.

We generally determine whether the contested claim is valid within five days after we receive the information from a completed investigation. Since it may take some time to receive the information, payment could be delayed during this period.

We can also delay payment of the death benefit if the policy has Account Value invested in the Separate Account on the date of death during any period that:

• it is not reasonably practicable to determine the amount because the NYSE is closed (other than customary weekend and holiday closings);

• trading is restricted by the SEC;

• an emergency exists as a result of which disposal of shares of the Funds is not reasonably practicable or we cannot reasonably value the shares of the Funds; or

• the SEC, by order, permits us to delay payment in order to protect our Policy Owners.

We will pay interest on the death benefit from the date of death to the date of a lump sum payment. Interest will be computed (1) at a rate we declare for funds left on deposit with us applicable to individual life insurance policies, or if we have not established such a rate, the Two Year Treasury Constant Maturity Rate as published by the Federal Reserve, or, (2) if greater, the annual rate required by applicable state law. In determining the effective annual rate, we will use the rate in effect on the date of death.

We will pay the death benefit in a lump sum.

Although the death benefit is generally excludible from the income of the Beneficiary who receives it, interest on the death benefit is includible in the Beneficiary's income in the year such interest is credited.

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**Suicide**

If the Insured dies by suicide, while sane or insane, and the policy is In Force, the policy will terminate.

• If the death occurs within two years from the Issue Date, we will refund the sum of premiums paid for the policy, less any Policy Debt and amounts withdrawn.

• If the death occurs after two years from the Issue Date but within two years from an increase in the Base Selected Face Amount, we will refund the sum of the monthly charges associated with the Base Selected Face Amount increase.

• If the death occurs after two years from the Issue Date but within two years after the policy is reinstated, we will refund the sum of premiums you paid to reinstate the policy and any premiums you paid thereafter, less any Policy Debt and amounts you withdrew.

• If death occurs after two years from the Issue Date, and there has been no increase in the Base Selected Face Amount or reinstatement during the prior two-year period, we will pay the full death benefit, less any Policy Debt.

For policies issued in Colorado, Minnesota, Missouri, and North Dakota, all references in this provision to ''two years'' should be replaced with ''one year.''

**Example:**

Assume a policy is issued with $500,000 Base Selected Face Amount under Death Benefit Option 1. In Policy Year 4, the owner applies for a $250,000 Base Selected Face Amount increase, which is approved. If the Insured commits suicide within two years of the increase, the benefit payable to the beneficiaries is equal to the original $500,000 death benefit, plus an additional payment equal to the monthly charges that were deducted from the Account Value for the increase segment of $250,000.

**Misstatement of Age or Gender**

If the Insured's date of birth or gender is misstated in the application, or the policy has been issued incorrectly, an adjustment will be made. If the adjustment is made when the Insured dies, the death benefit will reflect the amount provided by the most recent monthly cost of insurance charges using the correct age and gender. If the adjustment is made while the Insured is living, monthly charges after the adjustment will be based on the correct age and gender.

Other Benefits Available Under the Policy

**Additional Benefits**

In addition to the standard death benefit associated with your policy, other standard and/or optional benefits may be available to you. The following table summarizes information about those benefits. Information about the fees associated with each benefit included in the table may be found in the "Fee Table" section.

You can obtain additional benefits if you request them and/or qualify for them. We provide certain additional benefits by rider or endorsement. The cost of each rider is generally deducted as part of the monthly charges. Some riders do not result in monthly charges, but do require a fee to exercise the riders or a charge applied against each premium payment made. Adding or removing a rider for which there is a monthly charge may impact the premium limitations on your policy. For additional information, please see ''Premium Limitations'' in the ''Premiums'' section. If you choose to add a rider, you may cancel it at any time upon Written Request. You may not, however, add or remove a rider during a Grace Period. You must pay any premium due before such transaction requests can be processed. Having one or more riders that have monthly charges will increase the overall cost of your policy.

We also offer two automated transfer programs as additional benefits – the Automated Account Re-balancing Program and the Automated Account Value Transfer Program. Please note that you cannot select both the Automated Account Re-balancing Program and the Automated Account Value Transfer Program at the same time.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name of Benefit**  | **Purpose** | **Is Benefit Standard or** **Optional?** | **Brief Description of Restrictions/Limitations** |
| &nbsp;&nbsp; **Overloan Protection** **Rider**  | Prevents policy lapse due to Policy Debt by providing a guaranteed paid-up insurance benefit.  | Standard if the policy was issued using the Guideline Premium Test | &nbsp;&nbsp;&nbsp;&nbsp; Requirements: <br> Policy In Force and at or past 15<sup>th</sup> Policy Anniversary. <br>Insured at least Attained Age 75. <br>Account Value at least $100,000. <br>Non-loaned Account Value must be sufficient to pay rider charge (if not, Owner required to repay Policy Debt to exercise rider). <br>Policy issued under Guideline Premium Test. <br>Policy is not and upon exercise of rider will not become a MEC. <br>Policy Debt exceeds specified percentage of Account Value. <br>Amounts that can be withdrawn without federal tax penalty have been withdrawn. <br>Exercising rider results in: <br> Change to Option 1 death benefit if not already selected. <br>Total Selected Face Amount equals Minimum Death Benefit. <br>Loaned Account Value earns interest at loan interest rate. <br>Non-loaned Account Value held in GPA and accrues interest at not less than minimum GPA rate. <br>All other riders terminate. <br>No additional premiums allowed. <br>No further policy loans or repayments. <br>No further policy changes, transfers, and withdrawals allowed. <br>Death benefit adjusted and may be reduced to Minimum Death Benefit. <br>|
| &nbsp;&nbsp; **Supplemental Monthly** **Term Insurance Rider**  | Provides monthly term insurance on the life of the Insured. The Term Rider Selected Face Amount supplements the Base Selected Face Amount.  | Optional  | &nbsp;&nbsp;&nbsp;&nbsp; The Base Selected Face Amount must be at least $25,000. <br>Term Rider Selected Face Amount may not exceed ten times the Base Selected Face Amount. <br>Requesting increase in Term Rider Selected Face Amount may require additional evidence of insurability. <br>|
| &nbsp;&nbsp; **Cash Surrender Value** **Enhancement Rider**  | Provides for the payment of an increased Surrender Value when there is a complete surrender of the policy. The additional Surrender Value equals a partial return of charges assessed on the policy.  | Optional  | &nbsp;&nbsp;&nbsp;&nbsp; Must be selected at issue. <br>Enhanced payment not available on surrender during Free Look period or on surrender that qualifies as Section 1035 exchange. <br>Percentage used in enhanced payment calculation generally declines after first Policy Year and declines to zero at the beginning of the eleventh Policy Year. <br>Electing the Supplemental Monthly Term Insurance Rider will reduce the enhanced payment under the rider. <br>|
| &nbsp;&nbsp; **Automated Account** **Re-balancing Program**  | Automatically rebalances Separate Account Divisions and GPA to maintain specified percent allocation of Account Value.  | Optional  | &nbsp;&nbsp;&nbsp;&nbsp; Can change allocation percentages only once each Policy Year. <br>Cannot use with Automated Account Transfer Program. <br>Allocations to the GPA may only be reduced by up to 25% of the non-loaned portion of the GPA once each Policy Year. <br>|

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name of Benefit**  | **Purpose** | **Is Benefit Standard or** **Optional?** | **Brief Description of Restrictions/Limitations**  |
| &nbsp;&nbsp; **Automated Account Value** **Transfer Program**  | Automatically transfers a specific amount of Account Value from a single Separate Account Division to other Divisions or the GPA monthly.  | Optional  | &nbsp;&nbsp;&nbsp;&nbsp; Cannot use with the Automated Account Re-balancing Program. <br>|

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**Overloan Protection Rider**

This rider may prevent the policy from lapsing due to Policy Debt by providing a guaranteed paid-up insurance benefit upon exercise of this rider, subject to certain conditions being met. This rider is designed to enable the Policy Owner with a substantially depleted Surrender Value, due to Policy Debt, to potentially avoid the negative tax consequences associated with the lapsing of the policy.

**Note:** The Internal Revenue Service (IRS) has not issued guidance on the tax consequences of exercising the Overloan Protection Rider. It is possible that the IRS could assert that the Policy Debt should be treated as a distribution, in whole or in part, when this rider is invoked. Consult with a tax adviser regarding the risks associated with invoking this rider.

This rider is included automatically with the policy on the Issue Date if the policy was issued using the Guideline Premium Test under Section 7702 of the IRC. The rider cannot be elected after the policy Issue Date or if the policy was issued using the Cash Value Accumulation Test under Section 7702 of the IRC.

In the event that the policy non-loaned Account Value is insufficient to cover the policy's monthly charges, this rider provides a paid-up life insurance benefit. A Written Request to exercise the rider must be sent to our Administrative Office in Good Order. There is a one-time charge to exercise this rider. The charge is equal to the Account Value multiplied by a percentage which varies by the Insured's Attained Age at the time the rider is exercised. The percentages are shown below. The rider will be effective (Rider Effective Date) on the next Monthly Calculation Date after:

(1) we have received the Policy Owner's Written Request in Good Order to exercise the rider; and

(2) all other conditions for exercising the rider have been met.

Once the rider has been exercised, the Death Benefit Option will be changed to Option 1 (if the Death Benefit Option is not already Death Benefit Option 1) and the Total Selected Face Amount will be reduced to equal the Minimum Death Benefit after the rider charge is taken.

The rider cannot be exercised unless the policy meets all of the following requirements:

• The policy is In Force and has reached the 15 <sup>th</sup> Policy Anniversary date;

• The Insured is at least Attained Age 75;

• The Account Value of the policy must be at least $100,000;

• The non-loaned Account Value is sufficient to pay the Rider Charge (described below);

• The policy is issued under the federal Guideline Premium Test under Section 7702 of the Internal Revenue Code, as amended;

• The policy is not, and exercise of this rider will not cause the policy to become, a ''modified endowment contract'' under the Internal Revenue Code;

• The
 Policy Debt exceeds a specified percentage of the Account Value after deduction of the rider charge. This percentage is
 called the ''Overloan Rider Trigger'' and varies by the Attained Age of the Insured. The Overloan Rider
 Trigger Point Percentages
 are shown on the table attached to the rider; and

• All amounts that may be withdrawn from the policy without the imposition of federal income tax must be taken as partial surrenders prior to exercise of the rider.

The first time the requirements to exercise this rider are met, we will notify the Policy Owner.

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Exercising this rider will affect the policy and any other policy riders as follows:

• Interest will continue to accrue on the Policy Debt at the applicable loan interest rate;

• The loaned Account Value in the GPA will earn interest at the same rate as the loan interest rate;

• Any remaining non-loaned Account Value will be held in the GPA and will continue to accrue interest at not less than this policy's guaranteed minimum interest rate for the GPA;

• All other riders, including without limitation any Term Rider or Cash Surrender Value Enhancement Rider will be terminated;

• No further monthly charges or additional charges will be taken from the Account Value;

• No further policy loans may be taken;

• No further policy changes, account transfers or partial surrenders will be allowed;

• No further premium payments or loan repayments will be allowed;

• The amount of the death benefit will be the maximum of (A) and (B) where:

<sup>(A)</sup> is the Base Selected Face Amount; and

<sup>(B)</sup> is the Minimum Death Benefit, calculated as of the date of the Insured's death.

• The policy will be placed in paid-up status; and

• The Policy Owner will be notified of the changes to the policy.

The Overloan Protection Rider Trigger Point Percentages and Rider Charge Percentages vary by the Insured's Attained Age.

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| | | |
|:---|:---|:---|
| **Attained Age**  | **Rider Charge Percentage**  | **Trigger Point Percentage**  |
| 18–74  | N/A  | N/A  |
| 75  | 3.71%  | 96.00%  |
| 76  | 3.57%  | 96.00%  |
| 77  | 3.45%  | 96.00%  |
| 78  | 3.31%  | 96.00%  |
| 79  | 3.33%  | 96.00%  |
| 80  | 3.19%  | 96.00%  |
| 81  | 3.13%  | 96.00%  |
| 82  | 2.99%  | 97.00%  |
| 83  | 2.87%  | 97.00%  |
| 84  | 2.73%  | 97.00%  |
| 85  | 2.61%  | 97.00%  |
| 86  | 2.47%  | 97.00%  |
| 87  | 2.33%  | 97.00%  |
| 88  | 2.17%  | 97.00%  |
| 89  | 1.95%  | 98.00%  |
| 90  | 1.71%  | 98.00%  |
| 91  | 1.54%  | 98.00%  |
| 92  | 1.36%  | 98.00%  |
| 93  | 1.19%  | 98.00%  |
| 94  | 1.02%  | 98.00%  |
| 95+  | N/A  | N/A  |

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This rider may only be added at the time of policy issue. This rider will terminate on the earliest of:

• the date we receive a Written Request in Good Order from the Policy Owner to terminate the rider;

• the Paid-up Policy Date; or

• the date of termination of the policy.

An example of the operation of the Overloan Protection Rider, including the Overloan Rider Trigger Point, is set forth in Appendix D.

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**Supplemental Monthly Term Insurance Rider**

The Supplemental Monthly Term Insurance Rider (Term Rider) provides you with the option to purchase monthly term insurance on the life of the Insured. The Term Rider Selected Face Amount supplements the Base Selected Face Amount.

You can add the Term Rider at the time of application or at a later time provided that the policy is In Force and the Term Rider is added before the Insured reaches Attained Age 75.

If you add the Term Rider, your Term Rider Selected Face Amount must be at least $25,000.

Before deciding whether to purchase the Term Rider, it is important to know that when the Term Rider is purchased, the compensation received by the registered representative and his or her firm may be less than when compared to purchasing insurance coverage under the base policy only.

You should consider a number of factors when deciding to purchase coverage under the base policy only or to purchase a portion of the coverage under the Term Rider. There can be some important cost differences.

If you compare a policy with the Term Rider to one that provides the same amount of total coverage without the Term Rider, the policy with the Term Rider will, in most cases, have a lower Target Premium and lower premium load charges (assuming the same premium payments are made on both polices).

The following tables shows the estimated Target Premium and estimated premium load charge for a policy with a $1,000,000 Base Selected Face Amount and a policy with a $500,000 Base Selected Face Amount and $500,000 Term Rider Selected Face Amount. Assuming an annual premium payment of $73,590, the estimated premium load charge is less for the policy that has allocated a portion of the coverage to the Term Rider. This is because the Target Premium is calculated based on the coverage provided under the base policy only and does not take into account coverage provided under the Term Rider.

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| | | |
|:---|:---|:---|
|  | **$1,000,000 Base**<br>**Selected Face Amount**  | **$500,000 Base Selected Face Amount** **and $500,000 Term Rider**<br>**Selected Face Amount**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Estimated Target Premium<sup>(\*)</sup>  | $73590  | $36795  |
| &nbsp;&nbsp;&nbsp;&nbsp; Estimated Premium Load Charge<sup>(\*)</sup>  | $4820.15  | $2594.05  |

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| | |
|:---|:---|
| *(\*)* | *Assumes policy issued to a 45 year-old male non-smoker and is funded with a $73,590 annual premium payment* |

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As shown in the charts above, by allocating at least a portion of the coverage to the Term Rider, you can potentially lower the Target Premium and the premium load charges for your policy. Please see ''Appendix E – Examples of Charge Blending.'' As a result of the lower premium load charges, for a given premium level, the amount of the Net Premium available for allocation among the Separate Account Divisions and/or the GPA will be greater. This will generally result in higher Surrender Values as compared to a policy with the same total coverage amount but without the Term Rider.

A registered representative can answer any questions and provide illustrations demonstrating the impact of purchasing coverage under the Term Rider. When deciding whether to purchase coverage under the Term Rider, or how much coverage to purchase under the Term Rider, you may want to consider requesting additional illustrations to see examples of how allocating various amounts of coverage to the Term Rider may potentially impact the overall performance of the policy (in particular, an illustration including the maximum amount of the Term Rider at ten times the Base Selected Face Amount).

The amount of monthly term insurance In Force under the Term Rider is equal to the Term Rider Selected Face Amount reduced (to not less than zero) by the excess, if any, of the policy Minimum Death Benefit over:

• For Death Benefit Option 1, the Base Selected Face Amount;

• For Death Benefit Option 2, the Base Selected Face Amount plus the policy's Account Value; or

• For Death Benefit Option 3, the greater of: (i) the Base Selected Face Amount, or (ii) the Base Selected Face Amount, plus the sum of all premiums paid (and not refunded), less any withdrawals.

We deduct monthly charges for the Term Rider from the Account Value on each Monthly Calculation Date. We assess monthly charges of two types for this rider:

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Rider Face Amount Charge

This charge is based on the initial amount of monthly term insurance.

This charge is guaranteed not to exceed $0.025 per $1,000 of amount of monthly term insurance.

Term Rider Cost of Insurance Charge

The amount of this charge is equal to the monthly insurance rate multiplied by each $1,000 of monthly term insurance that requires a charge (calculated as described below). Monthly rates may be changed by us from time to time. However, the rates for the Term Rider will never be more than the maximum rates shown in the policy specifications.

These rates are calculated using 125% of the 2017 Commissioners' Standard Ordinary Mortality Table, male or female, the non-smoker or smoker table, and age of the Insured on his/her last birthday. For policies issued on a unisex basis, these rates are calculated using 125% of the 2017 Commissioners' Standard Ordinary Mortality Table, 80% male, the non-smoker or smoker table, and age of the Insured on his/her last birthday. <br>

We have the right to charge less than the maximum charges shown in the ''Rider Charges'' tables. This charge may be based on our expectations of future mortality, investment earnings, persistency and expense results, capital and reserve requirements, taxes and future profits. We may set different monthly cost of insurance rates for the Base Selected Face Amount and the Term Rider Selected Face Amount. The current rates for the Term Rider are equal to or lower than the rates for the base policy in all years.

The amount of monthly term insurance that requires a charge is computed as of the date the charge is due. The amount is determined by calculating the amount of monthly term insurance in the manner described above. We then divide this amount by an amount equal to 1 plus the monthly equivalent of the minimum annual interest rate for the GPA (1%). The result is the amount of monthly term insurance that requires a charge. Please see ''Appendix F – Example of Amount of Monthly Term Insurance and Term Cost of Insurance Charge Calculation'' for an example of each of these calculations.

You may increase the Term Rider Selected Face Amount by submitting a Written Request in Good Order to us. We will require satisfactory evidence of insurability for your requested increase. The Term Rider Selected Face Amount cannot exceed ten times the Base Selected Face Amount. You may also decrease the Term Rider Selected Face Amount by submitting a Written Request in Good Order to us.

Upon withdrawal of the policy's Account Value, we may decrease the Term Rider Selected Face Amount in addition to the Base Selected Face Amount to prevent an increase in Insurance Risk. If a decrease is required, the Term Rider Selected Face Amount will be decreased first.

The Term Rider will terminate on the earliest of:

• the date of termination of the policy; or

• the end of the Grace Period, if any premium due to cover the monthly charges remains unpaid; or

• the Monthly Calculation Date on or next following the date we receive a Written Request in Good Order from the Policy Owner to terminate the Term Rider; or

• the date an Overloan Protection Rider (if applicable) is activated on the policy; or

• the Paid-up Policy Date; or

• the date the Insured reaches Attained Age 95; or

• the death of the Insured.

Cash Surrender Value Enhancement Rider

The Cash Surrender Value Enhancement Rider provides for the payment of an increased Surrender Value when there is a complete surrender of the policy (Enhancement Benefit). The Enhancement Benefit is essentially a partial return of policy charges assessed. In most instances, the Enhancement Benefit will not exceed the sum of all charges assessed on the policy.

The rider can only be added at the time of policy issue.

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The Enhancement Benefit, if any, is not available upon a surrender during the Free Look period, nor is it available upon a surrender that qualifies as a Section 1035 exchange. In addition, it is important to note that while a Policy Owner can take a withdrawal or a loan while the rider is In Force, the maximum policy loan amount and maximum withdrawal amount available under the policy are not increased by the Enhancement Benefit.

The duration and amounts of the Enhancement Benefit are set forth in ''Appendix G – Factors Used in Calculating the Cash Surrender Value Enhancement Benefit.'' Currently, the Enhancement Benefit is available upon full surrender of the policy during the first eleven Policy Years.

The Enhancement Benefit is calculated monthly and is equal to (a) the applicable Enhancement Percentage multiplied by (c) an amount equal to:

• the sum of all premiums paid; less

• the sum of all withdrawals; and less

• any Policy Debt.

The percentages used in the Enhancement Benefit calculation generally decline after the first Policy Year. **The Enhancement Benefit** **decreases to zero at the beginning of the eleventh Policy Year.** See ''Appendix G – Factors Used in Calculating the Cash Surrender Value Enhancement Benefit.''

If the Supplemental Monthly Term Insurance Rider is In Force, the Enhancement Benefit is reduced because of the lower premium load charges associated with the Term Rider. Please see ''Appendix G – Factors Used in Calculating the Cash Surrender Value Enhancement Benefit.''

The Enhancement Benefit is paid from our General Investment Account at the time the policy is completely surrendered. As a General Investment Account obligation, the Enhancement Benefit is not part of the Separate Account and is an obligation of C.M. Life. This means the Enhancement Benefit, including the Policy Owner's right to receive payment, is subject to C.M. Life's claims paying ability.

There is a charge for this rider that is applied against each premium payment made in Policy Years one through seven. This charge is equal to (A) plus (B) times the premium payment at that time, where:

<sup>(A)</sup> equals the Initial Base Selected Face Amount allocation (as a percentage of the initial Total Selected Face Amount) multiplied by the applicable Base Selected Face Amount Percentage Charge shown in the policy specifications pages; and

<sup>(B)</sup> equals the initial Term Rider Selected Face Amount allocation (as a percentage of the initial Total Selected Face Amount) multiplied by the applicable Term Rider Selected Face Amount Percentage Charge shown in the policy specifications pages.

For purposes of this calculation, the Total Selected Face Amount is equal to the sum of the Base Selected Face Amount and the Term Rider Selected Face Amount. Please see ''Appendix G – Example of Cash Surrender Value Enhancement Rider Charge Calculation'' for an example of the calculation of the Cash Surrender Value Enhancement Rider charge.

The rider will terminate upon the earliest of:

• the end of the 11 <sup>th</sup> Policy Year;

• the lapse, exchange or termination of the policy;

• the absolute assignment of the policy;

• the death of the Insured; or

• the receipt of a Written Request in Good Order from the Policy Owner to terminate this rider.

Once terminated, the rider cannot be reinstated.

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Accessing the Money in Your Policy

**Withdrawals**

After the first Policy Year, you can withdraw value from your policy. You must send a Written Request in Good Order on our administrative form to our Administrative Office.

• **Minimum withdrawal amount:** $100 (before deducting the withdrawal charge).

• **Maximum withdrawal amount.** This amount is equal to:

∘ 90% of the Account Value; less

∘ any outstanding Policy Debt; less

∘ an amount equal to (i) the most recent monthly charges multiplied by (ii) one plus the number of Monthly Calculation Dates remaining until the next Policy Anniversary date.

**Example:**

Your policy has $2,000 of Account Value, $500 of Policy Debt and your most recent monthly charge was $100. Assume there are two Monthly Calculation Dates left until the next Policy Anniversary date. Your maximum withdrawal amount will be $1,000 ((90% x $2,000) – $500 – (3 x $100)).

You must specify in your request the investment options from which you want the withdrawal made and the dollar amount you want withdrawn from each. If you do not specify, the withdrawal will be deducted in proportion to the values in each Separate Account Division and the non-loaned portion of the GPA. The withdrawal amount from each Separate Account Division and the GPA may not exceed the non-loaned Account Value allocated to each as of the date of the withdrawal.

We deduct a withdrawal charge of 2% of the amount you withdraw. This charge will not exceed $25.00. We will reduce your Account Value by the amount of the withdrawal, including the withdrawal charge.

If necessary, we will reduce your Base Selected Face Amount upon withdrawal to prevent an increase in the Insurance Risk, unless you provide us with satisfactory evidence of insurability.

Withdrawals may have adverse tax consequences. These tax consequences are discussed in the ''Federal Income Tax Considerations'' section.

Withdrawal requests will be effective on the Valuation Date we receive the Written Request in Good Order at our Administrative Office. Withdrawal requests determined to be in Good Order on a non-Valuation Date or after the end of a Valuation Date will be effective as of the next Valuation Date. We will pay any withdrawal amounts within seven calendar days after we receive all required documents in Good Order at our Administrative Office, unless we are required to suspend or postpone withdrawal payments. Please see ''Other Policy Rights and Limitations'' in the ''Other Information'' section.

**Surrenders**

You may surrender your policy for its Surrender Value at any time while the policy is In Force and the Insured is alive. The Surrender Value is equal to:

• the Account Value; less

• any outstanding Policy Debt.

There is no surrender charge.

The surrender will be effective on the Valuation Date we receive all required, fully completed forms in Good Order at our Administrative Office, unless you select a later effective date. If the surrender involves an exchange or transfer of assets to a policy issued by another financial institution or insurance company (not MassMutual or any of its subsidiaries), we also will require a

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completed absolute assignment form and any state mandated replacement paperwork. If, however, we receive your surrender request in Good Order on a date that is not a Valuation Date or after the end of a Valuation Date, then your surrender will be effective on the next Valuation Date.

We will normally pay any surrender amounts within seven calendar days after we receive all required documents in Good Order at our Administrative Office, unless we are required to suspend or postpone surrender payments. Please see ''Other Policy Rights and Limitations'' in the ''Other Information'' section for additional information.

The policy terminates as of the effective date of the surrender and cannot be reinstated. Surrenders may have adverse tax consequences. These tax consequences are discussed in the ''Federal Income Tax Considerations'' section. It may not be in your best interest to surrender an existing life insurance policy in connection with the purchase of a new life insurance policy.

Loans

You may take a loan from the policy at any time while the Insured is living. We charge interest on policy loans and the interest may be added to the policy loan. We refer to all outstanding loans plus accrued interest as policy debt (Policy Debt).

You may repay all or part of your Policy Debt, but you are not required to do so. We will deduct any outstanding Policy Debt from the proceeds payable at death or the surrender of the policy.

*Taking a loan from your policy has several risks:*

• *it may increase the risk that your policy will terminate;* 

• *it will have a permanent effect on your policy's Surrender Value;* 

• *it may increase the amount of premium needed to keep the policy In Force;* 

• *it will reduce the death proceeds if the loan is not repaid prior to death; and* 

• *it has potential adverse tax consequences.* 

These tax consequences are discussed in the ''Federal Income Tax Considerations'' section.

**Requesting a Loan**

To take a loan, you must send a Written Request in Good Order on our administrative form to our Administrative Office. You must assign the policy to us as collateral for the loan.

Once we have processed the loan request and deducted the proportionate amounts from the Separate Account Divisions and/or the GPA, we consider the loan effective and outstanding. If, after we process the loan request, you decide not to cash the check, you may submit a Written Request in Good Order to our Administrative Office to repay the loan amount. The loan repayment will be effective on the Valuation Date the Written Request is received in Good Order at our Administrative Office. Loan interest begins to accrue as soon as the loan is effective. Therefore, loan interest will accrue even if the loan check is not cashed.

**Maximum Loan Amount**

The maximum loan amount allowed at any time is equal to:

<sup>(1)</sup> 100% of your Account Value at the time of the loan; less

<sup>(2)</sup> any outstanding Policy Debt; less

<sup>(3)</sup> an amount equal to three times the most recent monthly charges.

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**Payment of Proceeds**

Loans will be effective on the Valuation Date we receive your Written Request and all other required documents in Good Order at our Administrative Office. If, however, we receive your Written Request on a date that is not a Valuation Date or after the end of a Valuation Date, then your loan request will be effective on the next Valuation Date.

On the effective date of the loan, we deduct your requested loan amount from the Separate Account Divisions and the GPA in proportion to the non-loaned Account Value of each. We liquidate Accumulation Units in the Separate Account Divisions and transfer the resulting dollar amounts to the GPA. These dollar amounts become part of the loaned portion of the GPA. You may not borrow from the loaned portion of the GPA.

We will normally pay any loan amounts within seven calendar days after we receive all required documents in Good Order at our Administrative Office, unless we are entitled to delay payment of the loan amount pursuant to applicable law.

Please see ''Other Policy Rights and Limitations'' in the ''Other Information'' section for additional information.

**Interest Credited on the Loaned Value**

When you take a loan, we transfer an amount equal to the loan to the loaned portion of the GPA. This amount earns interest at a rate equal to at least the minimum annual interest rate for the GPA (1%).

**Loan Interest Rate**

We charge the minimum annual interest rate for the GPA (1%) plus an amount not more than the maximum loan interest rate expense charge on any loan.

The maximum loan interest rate expense charge will not exceed 3.00%.

The current loan interest rate expense charge varies by Policy Year as follows:

• Policy Years 1 through 10: 1.00%

• Policy Years 11 and thereafter: 0.0%

Interest on policy loans accrues daily and becomes part of the Policy Debt. Loan interest will accrue even if the loan check is not cashed. Interest is due on each Policy Anniversary date. If you do not pay the interest when it is due, we will add the interest to the loan, and it will bear interest at the same rate payable on the loan. We treat any interest capitalized on a Policy Anniversary the same as a new loan. We will deduct this capitalized interest from the Separate Account Divisions and the GPA in proportion to the non-loaned Account Value in each.

**Effects of a Loan on the Values of the Policy**

A policy loan negatively affects policy values because we reduce the death benefit and Surrender Value by the amount of the Policy Debt.

Also, a policy loan, whether or not repaid, has a permanent effect on your policy's Surrender Value because, as long as a loan is outstanding, a portion of the Account Value equal to the loan is invested in the GPA. This amount does not participate in the investment performance of the Separate Account or receive the current interest rates credited to the non-loaned portion of the GPA. The longer a loan is outstanding, the greater the effect on your Surrender Value will be.

In addition, if you do not repay a loan, your outstanding Policy Debt will reduce the death benefit and Surrender Value that might otherwise be payable.

Whenever you reach your ''Policy Debt Limit,'' your policy is at risk of terminating. Your Policy Debt Limit is reached when total Policy Debt exceeds the Account Value. If this happens, we will notify you in writing. ''Policy Termination'' in the ''Policy Termination and Reinstatement'' sub-section in the ''Policy Value'' section explains more completely what will happen if your policy

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is at risk of terminating. Please note that Policy Termination with an outstanding loan also can result in adverse tax consequences. Please see the ''Federal Income Tax Considerations'' section.

**Repayment of Loans**

You may repay all or part of any Policy Debt at any time while the Insured is living and while the policy is In Force.

You must clearly identify the payment as a loan repayment or we will consider it a premium payment. We will apply your loan repayments on the Valuation Date they are received in Good Order at our Administrative Office. If, however, we receive your loan repayment in Good Order on a date that is not a Valuation Date or after the end of a Valuation Date, then your loan repayment will be effective on the next Valuation Date.

Loan repayments will be first applied to pay accrued interest until exhausted and any remainder will be applied to reduce the remaining loan amount. When we receive a loan repayment and only a portion is needed to fully repay the loan, we will apply any excess as premium and allocate it according to the current premium allocation instructions after deduction of any applicable charges. Any subsequent loan repayments received after the loan is fully repaid will be refunded to the premium payer.

Upon repayment, we will transfer values equal to the repayment from the loaned portion of the GPA to the non-loaned portion of the GPA and the applicable Separate Account Division(s). We will transfer the repayment in accordance with the Net Premium allocation in effect at the time of repayment. If you do not repay the loan, we deduct the loan amount due from the Surrender Value or death benefit.

Policy Termination and Reinstatement

The policy will terminate upon the occurrence of any of the following events:

• the Insured dies;

• the policy has been fully surrendered for its Surrender Value;

• the Policy Debt Limit is reached; or

• the Grace Period ends, and we have not received the amount of premium necessary to keep the policy In Force.

The policy will not terminate simply because you do not make Planned Premium payments. In addition, making Planned Premium payments will not guarantee that the policy will remain In Force (for example, if the investment experience of the Funds has been unfavorable, your Surrender Value may decrease even if you make periodic premium payments). If the policy does terminate, you may be permitted to reinstate it.

Policy Termination could have adverse tax consequences for you. If the policy is reinstated, any adverse tax consequences that resulted due to the Policy Termination cannot be reversed. To avoid Policy Termination and potential tax consequences in these situations, you may need to make substantial premium payments or loan repayments to keep your policy In Force. For more information on the effect of Policy Termination, please see the ''Federal Income Tax Considerations'' section.

**Policy Termination**

We will not terminate your policy for failure to pay premiums. However, if on a Monthly Calculation Date, the Surrender Value is insufficient to cover the total monthly charges, your policy will then enter a Grace Period.

**Grace Period**

Before your policy terminates, we allow a Grace Period during which you must pay the amount of premium needed to avoid Policy Termination. We will mail to you and any assignee a notice informing you and any assignee of the start of the Grace Period and the amount of premium needed to avoid termination of the policy.

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The Grace Period begins on the date the monthly charges are due. It ends on the later of:

• 61 calendar days after the date the Grace Period begins, or

• 31 calendar days after the date we mail you and any assignee shown in our records written notice at their last known address.

During the Grace Period, the policy will stay In Force; however, policy transactions cannot be processed. If the Insured dies during this period and the necessary premium has not been paid, we will pay the death benefit proceeds, reduced by the amount of the unpaid premium.

If we do not receive the required payment by the end of the Grace Period, the policy will terminate without value.

**Reinstating Your Policy**

For a period of three years (or longer if required by state law) after termination of the policy, you may be able to reinstate the policy during the Insured's lifetime. We will not reinstate the policy if it has been surrendered for its Surrender Value.

<u>*<u>Before we reinstate the policy, we must receive:</u>*</u>

• A completed application to reinstate on our administrative form;

• A premium payment that will produce an Account Value equal to three times the total monthly charges for the policy on the Monthly Calculation Date on or next following the date of reinstatement;

• Evidence of insurability satisfactory to us; and

• If applicable, a signed acknowledgement that the policy will become a MEC.

**Policy After You Reinstate**

If you reinstate your policy, your Base Selected Face Amount will be the same as if the policy had not terminated. The policy will be reinstated on the Valuation Date that is on or next follows the later of (i) the date we approve your application; and (ii) the date we receive the premium required to reinstate the policy. We will assess monthly charges due to us upon reinstatement of the policy as of the reinstatement date. Your Account Value at reinstatement will be the premium paid at the time, reduced by any applicable premium load charges and any monthly charges then due. We do not reinstate Policy Debt.

If you reinstate your policy, it may become a MEC under current federal law. Please consult your tax adviser. More information on MECs is included in the ''Federal Income Tax Considerations'' section.

Reinstatement will not reverse any adverse tax consequences caused by Policy Termination unless reinstatement occurs within 90 calendar days of the end of the Grace Period. In no situation, however, can adverse tax consequences resulting from lapse with Policy Debt be reversed.

Federal Income Tax Considerations

The information in this prospectus is general and is not an exhaustive discussion of all tax questions that might arise under the policy. The information is not written or intended as tax or legal advice. You are encouraged to seek legal and tax advice from a qualified tax adviser. In addition, we do not profess to know the likelihood that current federal income tax laws and Treasury Regulations or the current interpretations of the Internal Revenue Code of 1986, as amended (IRC), Regulations, and other guidance will continue. We cannot make any guarantee regarding the future tax treatment of any policy. We reserve the right to make changes in the policy to ensure that it continues to qualify as life insurance for tax purposes.

***No attempt is made in this prospectus to consider any applicable state or other tax laws.***

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**Policy Proceeds and Loans**

We believe the policy meets the IRC definition of life insurance. Therefore, the death benefit under the policy generally is excludible from the beneficiary's gross income under federal tax law. If you sell the policy or there is a transfer for value under IRC Section 101(a)(2), all or a portion of the death benefit under the policy may become taxable unless an exception applies.

As a life insurance policy under the IRC, the gain accumulated in the policy is not taxed until it is withdrawn or otherwise accessed. Any gain withdrawn from the policy is taxed as ordinary income.

From time to time, the Company may be entitled to certain tax benefits related to the investment of Company assets, including those comprising the policy value. These tax benefits, which may include foreign tax credits and the corporate dividends received deduction, are not passed back to you since the Company is the owner of the assets from which the tax benefits are derived.

***The following information applies only to a policy that is not a MEC under federal tax law. Please see ''Modified Endowment*** ***Contracts'' later in this section for information about MECs.***

As a general rule, withdrawals are taxable only to the extent that the amounts received exceed your cost basis (also referred to as investment in the contract) in the policy. Cost basis equals the sum of the premiums and other consideration paid for the policy less any prior withdrawals under the policy that were not subject to income taxation. For example, if your cost basis in the policy is $10,000, amounts received under the policy will not be taxable as income until they exceed $10,000 in the aggregate; then, only the excess over $10,000 is taxable.

However, special rules apply to certain withdrawals associated with a decrease in the policy death benefit. The IRC provides that if:

• there is a reduction of benefits during the first 15 years after a policy is issued; and

• there is a cash distribution associated with the reduction,

you may be taxed on all or a part of the amount distributed. After 15 years, cash distributions are not subject to federal income tax, except to the extent they exceed your cost basis.

If you surrender the policy for its net Surrender Value, all or a portion of the distribution may be taxable as ordinary income. The distribution represents income to the extent the value received exceeds your cost basis in the policy. For this calculation, the value received is equal to the Account Value, reduced by any surrender charges, but not reduced by any outstanding Policy Debt. Therefore, if there is a loan on the policy when the policy is surrendered, the loan will reduce the cash actually paid to you but will not reduce the amount you must include in your taxable income as a result of the surrender.

To illustrate how Policy Termination with an outstanding loan can result in adverse tax consequences as described above, suppose that your premiums paid (that is, your cost basis) in the policy is $10,000, your Account Value is $15,000, you have no surrender charges, and you have received no other distributions and taken no withdrawals under the policy. If, in this example, you have an outstanding Policy Debt of $14,000, you would receive a payment equal to the net Surrender Value of only $1,000; but you still would have taxable income at the time of surrender equal to $5,000 ($15,000 Account Value minus $10,000 cost basis).

The potential that Policy Debt will cause taxable income from Policy Termination to exceed the payment received at termination also may occur if the policy terminates without value. Factors that may contribute to these potential situations include:

• amount of outstanding Policy Debt at or near the maximum loan value;

• unfavorable investment results affecting your policy Account Value;

• increasing monthly policy charge rates due to increasing Attained Ages of the Insureds;

• high or increasing amount of Insurance Risk, depending on death benefit option and changing Account Value; and

• increasing policy loan rates if the adjustable policy loan rate is in effect.

One example occurs when the Policy Debt Limit is reached. If, using the previous example, the Account Value were to decrease to $14,000 due to unfavorable investment results, and the policy were to terminate because the Policy Debt Limit is reached, the policy would terminate without any cash paid to you; but your taxable income from the policy at that time would be $4,000 ($14,000 Account Value minus $10,000 cost basis). The policy also may terminate without value if unpaid policy loan interest increases the outstanding Policy Debt to reach the Policy Debt Limit.

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***To avoid Policy Terminations that may give rise to significant income tax liability, you may need to make substantial premium*** ***payments or loan repayments to keep your policy In Force.***

***You can reduce the likelihood that these situations will occur by considering these risks before taking a policy loan. If you take a*** ***policy loan, you should monitor the status of your policy with your registered representative and your tax adviser at least annually,*** ***and take appropriate preventative action.***

We believe that, under current tax law, any loan taken under the policy will be treated as Policy Debt of the Policy Owner. If your policy is not a MEC, the loan will not be considered income to you when received.

Interest on policy loans used for personal purposes generally is not tax-deductible. However, you may be able to deduct this interest if the loan proceeds are used for ''trade or business'' or ''investment'' purposes, provided that you meet certain narrow criteria.

If the Policy Owner is a corporation or other business, additional restrictions may apply. For example, there are limits on interest deductions available for loans against a business-owned policy. In addition, the IRC restricts the ability of a business to deduct interest on debt totally unrelated to any life insurance, if the business holds a cash value policy on the life of certain insureds.

**Investor Control and Diversification**

There are a number of tax benefits associated with variable life insurance policies. Gains on the Net Investment Experience of the Separate Account are deferred until withdrawn or otherwise accessed, and gains on transfers among Separate Account Divisions also are deferred. For these benefits to continue, the policy must continue to qualify as life insurance. In addition to other requirements, federal tax law dictates that the insurer, and not the Policy Owner, has control of the investments underlying the various Separate Account Divisions for the policy to qualify as life insurance.

You may make transfers among Separate Account Divisions, but you may not direct the investments each Separate Account Division makes. If the IRS were to conclude that you, as the investor, have control over these investments, then the policy would no longer qualify as life insurance and you would be taxed on the gain in the policy as it is earned rather than when it is withdrawn or otherwise accessed.

The IRS has provided some guidance on investor control, but many issues remain unclear. One such issue is whether a Policy Owner can have too much investor control if the variable life policy offers a large number of investment divisions in which to invest Account Values. We do not know if the IRS will provide any further guidance on the issue. We do not know if any such guidance would apply retroactively to policies already In Force.

Consequently, we reserve the right to further limit Net Premium allocations and transfers under the policy, so that it will not lose its qualification as life insurance due to investor control.

In addition, the IRC requires that the investments of the Separate Account Divisions be ''adequately diversified'' in order for a policy to be treated as a life insurance contract for federal income tax purposes. It is intended that the Separate Account Divisions, through their underlying investment Funds, will satisfy these diversification requirements.

**Modified Endowment Contracts**

If a policy is a Modified Endowment Contract (MEC) under federal tax law, loans, withdrawals, and other amounts distributed under the policy are taxable to the extent of any income accumulated in the policy. The policy income is the excess of the Account Value (both loaned and non-loaned) over your cost basis. For example, if your cost basis in the policy is $10,000 and the Account Value is $15,000, then all distributions up to $5,000 (the accumulated policy income) are immediately taxable as income when withdrawn or otherwise accessed. The collateral assignment of a MEC is also treated as a taxable distribution. Death benefits paid under a MEC, however, are not taxed any differently than death benefits payable under other life insurance contracts.

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If any amount is taxable as a distribution of income under a MEC, it may also be subject to a 10% penalty tax. There are a few exceptions to the additional penalty tax for distributions to individual Policy Owners. The penalty tax will not apply to distributions:

• made on or after the date the taxpayer attains age 59½; or

• made because the taxpayer became disabled; or

• made as part of a series of substantially equal periodic payments paid for the life or life expectancy of the taxpayer, or the joint lives or joint life expectancies of the taxpayer and the taxpayer's beneficiary. These payments must be made at least annually.

A policy is a MEC if it satisfies the IRC definition of life insurance but fails the "7-pay test." A policy fails this test if:

<sup>(1)</sup> the accumulated amount paid under the policy at any time during the first seven contract years*exceeds*

<sup>(2)</sup> the total premiums that would have been payable at that time for a policy providing the same benefits guaranteed after the payment of seven level annual premiums.

A life insurance policy will always be treated as a MEC if it is issued as part of an IRC Section 1035 tax-free exchange from a life insurance policy that was already a MEC.

If certain changes are made to a policy, we will retest it to determine if it has become a MEC. For example, if you reduce the death benefit during a 7-pay testing period, we will retest the policy using the lower death benefit amount, from the start of that testing period. If the reduction in death benefit causes the policy to fail the 7-pay test for any prior Policy Year, the policy will be treated as a MEC beginning in the Policy Year in which the reduction takes place.

Any reduction in benefits attributable to the non-payment of premiums will not be taken into account if the benefits are reinstated within 90 days after the reduction in such benefit.

We will retest whenever there is a "material change" to the policy while it is In Force. If there is a material change, a new 7-pay test period begins at that time. The term "material change" includes certain increases in death benefits.

Since the policy provides for flexible premium payments, we have procedures for determining whether increases in death benefits or additional premium payments cause the start of a new seven-year test period or cause the policy to become a MEC.

Once a policy fails the 7-pay test, loans and distributions taken in the year of failure and in future years are taxable as distributions from a MEC to the extent of gain in the policy. In addition, the IRS has authority to apply the MEC taxation rules to loans and other distributions received in anticipation of the policy failing the 7-pay test. The IRC authorizes the issuance of regulations providing that a loan or distribution, if taken within two years prior to the policy's becoming a MEC, shall be treated as received in anticipation of failing the 7-pay test. However, such written authority has not yet been issued.

Under current circumstances, a loan, collateral assignment, or other distribution under a MEC may be taxable even though it exceeds the amount of gain accumulated in that particular policy. For purposes of determining the amount of taxable income received from a MEC, the law considers the total of all gain in all the MECs issued within the same calendar year to the same Policy Owner by an insurer and its affiliates. Loans, collateral assignments, and distributions from any one MEC are taxable to the extent of this total gain.

**Other Tax Considerations**

A change of the Policy Owner or an Insured, or an exchange or assignment of the policy, may cause the Policy Owner to recognize taxable income.

The impact of federal income taxes on values under the policy and on the benefit to you or your beneficiary depends on MassMutual's tax status and on the tax status of the individual concerned. We currently do not make any charge against the Separate Account for federal income taxes. We may make such a charge eventually in order to recover the future federal income tax liability to the Separate Account.

Under current laws in several states, we may incur state and local taxes (in addition to premium taxes). These taxes are not currently significant, and we are not currently charging for them. If they increase, we may deduct charges for such taxes.

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Federal estate and gift taxes, state and local estate taxes, and other taxes depend on the circumstances of each Policy Owner or beneficiary.

**Qualified Plans**

The policy may be used as part of certain tax-qualified and/or ERISA employee benefit plans. Since the rules concerning the use of a policy with such plans are complex, you should not use the policy in this way until you have consulted a competent tax adviser. You may not use the policy as part of an Individual Retirement Account (IRA) or as part of a Tax-Sheltered Annuity (TSA) or an IRC Section 403(b) custodial account.

**Employer-Owned Policies**

The IRC contains certain notice and consent requirements for ''employer-owned life insurance'' policies. The IRC defines ''employer-owned life insurance'' as a life insurance contract:

• that is owned by a person or entity engaged in a trade or business (including policies owned by related or commonly controlled parties);

• insuring the life of a U.S. citizen or resident who is an employee on the date the contract is issued; and

• under which the policyholder is directly or indirectly a beneficiary.

The tax-free death benefit for employer-owned life insurance is limited to the amount of premiums paid unless certain notice and consent requirements are met. The notice requirements are met if, before the contract is issued, the employee is notified in writing of the following:

<sup>(1)</sup> the employer intends to insure the employee's life;

<sup>(2)</sup> the maximum Base Selected Face Amount for which the employee could be insured at the time the contract was issued; and

<sup>(3)</sup> the employer will be the beneficiary of any proceeds payable on the death of the employee.

Prior to issuance of the contract, the employee must provide written consent to being insured under the contract and to continuation of the coverage after employment terminates.

The law also imposes annual reporting and record keeping requirements for businesses owning employer-owned life insurance policies. The employer must maintain records of the employer's notice and the employee's consent, and must file certain annual reports with the IRS.

Provided that the notice and consent requirements are satisfied, the death proceeds of an employer-owned life insurance policy will generally be income tax-free in the following situations:

<sup>(1)</sup> At the time the contract is issued, the insured employee is a director, highly compensated employee, or highly compensated individual within the meaning of IRC Section 101(j)(2)(A)(ii);

<sup>(2)</sup> The Insured was an employee at any time during the 12-month period before his or her death;

<sup>(3)</sup> The proceeds are paid to a member of the Insured's family, an individual who is the designated beneficiary of the Insured under the contract, a trust established for the benefit of any such member of the family or designated beneficiary, or the Insured's estate; or

<sup>(4)</sup> The proceeds are used to purchase an equity interest in the employer from any of the persons described in (3).

Death proceeds that do not fall within one of the enumerated exceptions will be subject to ordinary income tax (even if the notice and consent requirements were met), and MassMutual will report payment of taxable proceeds to the IRS, where applicable.

**Business Uses of Policy**

Businesses can use the policies in various arrangements, including nonqualified deferred compensation or salary continuance plans, split dollar insurance plans, executive bonus plans, tax exempt and nonexempt welfare benefit plans, retiree medical benefit plans and others. The tax consequences of such plans may vary depending on the particular facts and circumstances. The Internal Revenue

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Service and Treasury have issued guidance that may substantially affect these arrangements. If you are purchasing the policy for any arrangement the value of which depends in part on its tax consequences, you should consult a qualified tax adviser.

**Tax Shelter Regulations**

Prospective Policy Owners that are corporations should consult a tax adviser about the treatment of the policy under the Treasury Regulations applicable to corporate tax shelters.

**Generation Skipping Transfer Tax Withholding**

Under certain circumstances, the IRC may impose a ''generation skipping transfer tax'' when all or part of a life insurance policy is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Policy Owner. Regulations issued under the IRC may require us to deduct the tax from your policy, or from any applicable payment, and pay it directly to the IRS.

**Withholding**

To the extent that policy distributions are taxable, they are generally subject to withholding for the recipient's federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.

**Life Insurance Purchases by Residents of Puerto Rico**

Income received by residents of Puerto Rico under life insurance policies issued by a United States life insurance company is U.S.-source income that is generally subject to United States federal income tax.

**Non-Resident Aliens and Foreign Entities**

Generally, a distribution from a contract to a non-resident alien or foreign entity is subject to federal income tax withholding at a rate of 30% of the amount of the income that is distributed. A non-resident alien is a person who is neither a citizen, nor a resident, of the United States of America (U.S.). We are required to withhold the tax and send it to the IRS. Some distributions to non-resident aliens or foreign entities may be subject to a lower (or no) tax if a treaty applies.

In order to obtain the benefits of such a treaty, the non-resident alien must claim the treaty benefit on Form W-8BEN (or the equivalent entity form), providing us with:

• proof of residency (in accordance with IRS requirements); and

• the applicable taxpayer identification number.

If the above conditions are not met, we will withhold 30% of the income from the distribution. Additionally, under the Foreign Account Tax Compliance Act, effective July 1, 2014, U.S. withholding may be required for certain entity owners (including foreign financial institutions and non-financial foreign entities (such as corporations, partnerships and trusts)) at a rate of 30% without regard to lower treaty rates.

**Sales to Third Parties**

If you sell your policy to a viatical settlement provider, and the Insured is considered terminally or chronically ill within the meaning of IRC Section 101(g), the proceeds of the sale will be treated as death benefit proceeds, and will generally be received by you income tax-free.

However, the sale of your policy to an unrelated investor in a sale that does not qualify as a viatical settlement may have adverse tax consequences. IRS guidance issued in 2009 provides that the gain from such a sale is taxed as ordinary income to the extent that you would have realized ordinary income if you had instead surrendered your policy. Any amount you receive in excess of that amount is taxed as capital gain income. Under the Tax Cuts and Jobs Act of 2017, these sales may qualify as reportable sales and require the purchaser and the contract issuer to report the sale to the seller and the IRS. Previously the IRS had taken the position that your cost

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basis in the policy for computing the gain on the sale must be decreased by the cumulative cost of insurance charge incurred prior to the sale. The Tax Cuts and Jobs Act of 2017 provides that for reportable sales that take place after August 25, 2009, no reduction in the cost basis for the cost of insurance incurred is required.

**Medicare Hospital Insurance Tax**

A Medicare Hospital Insurance Tax (known as the ''Unearned Income Medicare Contribution'') applies to all or part of a taxpayer's ''net investment income,'' at a rate of 3.8%, when certain income thresholds are met. ''Net investment income'' is defined to include, among other things, non-qualified annuities and net gain attributable to the disposition of property.

Under final regulations, this definition includes the taxable portion of any annuitized payment from a life insurance contract and it may also include the gain from the sale of a life insurance contract. Under current guidance we are required to report to the IRS whether a distribution is potentially subject to the tax. You should consult a tax adviser as to the potential impact of the Medicare Hospital Insurance Tax on your policy.

Other Information

**Other Policy Rights and Limitations**

**Right to Substitute Insured**

You may transfer the policy to the life of a substitute Insured subject to certain restrictions. You must request this transfer in writing. The substitution of an Insured may affect the Account Value. Future charges against the policy will be based on the life of the substitute Insured.

The effective date of the transfer is the Policy Anniversary date which is on, or next follows, the later of:

• the date we approve the application for transfer; and

• the date any required cost to transfer is paid.

The costs to transfer are:

• an administrative fee of $75, plus

• any premium necessary to effect the transfer, plus

• any excess Policy Debt you have not repaid prior to transfer.

Excess Policy Debt is the amount by which Policy Debt exceeds the maximum loan available after transfer. You must pay any such excess on or before the transfer date.

The incontestability and suicide exclusion periods, as they apply to the substitute Insured, run from the transfer date. Any assignments will continue to apply.

The IRS has ruled that a substitution of Insureds is an exchange of contracts which does not qualify for the tax deferral available under IRS Code Section 1035. Therefore, you must include in current gross income all the previously unrecognized gain in the policy upon a substitution of Insureds.

**Right to Assign the Policy**

Generally, you may assign the policy as collateral for a loan or other obligation. In certain states, you cannot assign the policy without our approval. We will refuse or accept any request to assign the policy on a non-discriminatory basis. Please refer to your policy. For any assignment we allow to be binding on us, we must receive, in Good Order, written notice of the assignment and a signed copy of it at our Administrative Office. We are not responsible for the validity of any assignment. If you assign your policy, certain of your rights may only be exercised with the consent of the assignee of record.

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**Possible Restrictions on Financial Transactions**

Federal laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to reject a premium payment or block a Policy Owner's ability to make certain transactions and thereby refuse to accept any request for transfers, withdrawals, surrenders, loans, or death benefits, until the instructions are received from the appropriate regulator. We may also be required to provide additional information about you and your policy to government regulators.

**Delay of Payment of Proceeds from the GPA**

We may delay payment of any surrenders, withdrawals, and loan proceeds that are based on the GPA for up to six months from the date the request is received at our Administrative Office.

If we delay payment of a surrender or withdrawal for 30 days or more, we add interest to the date of payment at the same rate used for interest on death proceeds.

**Delay of Payment of Proceeds from the Separate Account**

We may suspend or postpone transfers from the Separate Account Divisions, or delay payment of any surrenders, withdrawals, loan proceeds and death benefits from the Separate Account during any period when:

• it is not reasonably practicable to determine the amount because the NYSE closed (other than customary weekend and holiday closings);

• trading is restricted by the SEC;

• an emergency exists as a result of which disposal of shares of the Funds is not reasonably practicable or we cannot reasonably value the shares of the Funds; or

• the SEC, by order, permits us to delay payment in order to protect our Policy Owners.

If, pursuant to SEC rules, a money market Fund suspends payment of redemption proceeds in connection with a liquidation of the Fund, we will delay payment of any transfer, partial withdrawal, surrender, loan, or death benefit from a money market division until the Fund is liquidated.

**Distribution**

The policies are sold by both registered representatives of MML Investors Services, LLC (MMLIS), a subsidiary of MassMutual, and by registered representatives of other broker-dealers who have entered into distribution agreements with MML Distributors, LLC (MML Distributors), a subsidiary of MassMutual. Pursuant to separate underwriting agreements with the Company, on its own behalf and on behalf of the Separate Account, MMLIS serves as principal underwriter of the policies sold by its registered representatives, and MML Distributors serves as principal underwriter of the policies sold by registered representatives of other broker-dealers who have entered into distribution agreements with MML Distributors.

Both MMLIS and MML Distributors are registered with the SEC as broker-dealers under the Securities Exchange Act of 1934 and are members of the Financial Industry Regulatory Authority (FINRA). MMLIS and MML Distributors receive compensation for their actions as principal underwriters of the policies.

**Commissions**

Commissions are paid to MMLIS and all broker-dealers who sell the policy. Commissions for sales of the policies by MMLIS registered representatives are paid by MassMutual on behalf of MMLIS to its registered representatives.

Commissions for sales of the policies by registered representatives of other broker-dealers are paid by MassMutual on behalf of MML Distributors to those broker dealers.

Commissions are a percentage of premiums paid under the policies. Commissions will not exceed 26% of premiums.

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**Service Fees**

We may enter into agreements with service entities, which may be affiliates of broker-dealers, under which those service entities may receive service fees and/or additional compensation. These payments will not exceed 0.10% of the policy's average annual Account Value.

**Additional Compensation Paid to MMLIS**

Most MMLIS registered representatives are also MassMutual insurance agents, and as such, are eligible for certain cash and non-cash benefits from MassMutual. Cash compensation includes bonuses and allowances based on factors such as sales, productivity and persistency (policy retention). Non-cash compensation includes various recognition items such as prizes and awards as well as attendance at, and payment of the costs associated with attendance at, conferences, seminars and recognition trips and also includes contributions to certain individual plans such as pension and medical plans. Sales of this policy may help these registered representatives and their supervisors qualify for such benefits. MMLIS registered representatives who are also General Agents or sales managers of MassMutual also may receive overrides, allowances and other compensation that is based on sales of the policy by their registered representatives.

**Additional Payments to Certain Broker-Dealers**

In addition to the commissions described above, we may make cash payments to certain broker-dealers to attend sales conferences and educational seminars, thereby promoting awareness of our products. The broker-dealers may use these payments for any reason, including helping offset the costs of the conference or educational seminar. We may also make cash payments to broker-dealers pursuant to marketing service agreements. These marketing service arrangements vary depending on a number of factors, including the specific level of support being provided. These payments are not made in connection with the sale of specific policies. These additional payments are not offered to all broker-dealers and the terms of these arrangements may differ. Any such payments will be paid by MML Distributors or us out of our or MML Distributors' assets and will not result in any additional direct charge to you. Such payments may give us greater access to the registered representatives of the broker-dealers that receive such payments and may influence the way that a broker-dealer markets the policy.

**Compensation in General**

The compensation arrangements described in the paragraphs above may provide a registered representative with an incentive to sell this policy over other available policies whose issuers do not provide such compensation or which provide lower levels of compensation. You may want to take these compensation arrangements into account when evaluating any recommendations regarding this policy.

We intend to recoup a portion of the cash and non-cash compensation payments that we make through the assessment of certain charges described in this prospectus. We may also use some of the 12b-1 distribution fee payments (if applicable) and other payments that we receive from certain Funds to help us make these cash and non-cash payments.

Your registered representative typically receives a portion of the compensation that is payable to his or her broker-dealer, depending on the agreement between the representative and their firm. MassMutual is not involved in determining compensation paid to a registered representative of an unaffiliated broker-dealer. You may contact, as applicable, MMLIS, your broker-dealer or registered representative to find out more information about the compensation they may receive in connection with your purchase of a policy.

**Computer System, Cybersecurity, and Service Disruption Risks**

The Company and its business partners rely on computer systems to conduct business, including customer service, marketing and sales activities, customer relationship management and producing financial statements. While the Company and its business partners have policies, procedures, automation and backup plans designed to prevent or limit the effect of failures, our respective computer systems may be vulnerable to disruptions or breaches as the result of natural disasters, man-made disasters, criminal activity, pandemics, or other events beyond our control. The failure of our or our business partners' computer systems for any reason could disrupt operations, result in the loss of customer business and adversely impact profitability.

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The Company and its business partners retain confidential information on our respective computer systems, including customer information and proprietary business information. Any compromise of the security of our or our business partners' computer systems that results in the disclosure of personally identifiable customer information could damage our reputation, expose us to litigation, increase regulatory scrutiny and require us to incur significant technical, legal, and other expenses. The risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the Russian invasion of Ukraine and the responses by the United States and other governments).

Geopolitical and other events, including natural disasters, war, terrorism, economic uncertainty, trade disputes, public health crises and related geopolitical events, and widespread disease, including pandemics (such as COVID-19) and epidemics, have led, and in the future may lead, to increased market volatility, which may disrupt U.S. and world economies and markets and may have significant adverse direct or indirect effects on the Company. These events may adversely affect computer and other systems on which the Company relies, interfere with the processing of contract-related transactions (including the processing of orders from Policy Owners and orders with the Funds) and the Company's ability to administer this contract in a timely manner, or have other possible negative effects. These events may also impact the issuers of securities in which the Funds invest, which may cause the Funds underlying the contract to lose value. There can be no assurance that we, the Funds or our service providers will avoid losses affecting the contract due to these geopolitical and other events. If we are unable to receive U.S. mail or fax transmissions due to a closure of U.S. mail delivery by the government or due to the need to protect the health of our employees, you may still be able to submit transaction requests to the Company electronically or over the telephone. Our inability to receive U.S. mail or fax transmissions may cause delays in the pricing and processing of transaction requests submitted to us by U.S. mail or by fax during that time period.

**Legal Proceedings**

The Company is subject to legal and regulatory actions, including class action lawsuits, in the ordinary course of its business. Our pending legal and regulatory actions include proceedings specific to us, as well as proceedings generally applicable to business practices in the industry in which we operate. From time to time, we also are subject to governmental and administrative proceedings and regulatory inquiries, examinations, and investigations in the ordinary course of our business. In addition, we, along with other industry participants, may occasionally be subject to investigations, examinations, and inquiries (in some cases industry-wide) concerning issues upon which regulators have decided to focus. Some of these proceedings involve requests for substantial and/or unspecified amounts, including compensatory or punitive damages.

While it is not possible to predict with certainty the ultimate outcome of any pending litigation proceedings or regulatory action, management believes, based on information currently known to it, that the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect upon the Separate Account, the ability of the principal underwriter(s) to perform in accordance with its contracts with the Company on behalf of the Separate Account, or the ability of the Company to meet its obligations under the policy.

For more information regarding the Company's litigation and other legal proceedings, please see the notes to the Company's financial statements contained within the SAI.

**Unclaimed Property**

Every state has some form of unclaimed property law that imposes varying legal and practical obligations on insurers and, indirectly, on Policy Owners, Insureds, Beneficiaries, and any other payees of proceeds from a policy. Unclaimed property laws generally provide for the transfer of benefits or payments under various circumstances to the abandoned property division or unclaimed property office in the state of last residence. This process is known as escheatment. To help avoid escheatment, keep your own information, as well as Beneficiary and any other payee information up-to-date, including: full names, postal and electronic media addresses, telephone numbers, dates of birth, and social security numbers. To update this information, contact our Administrative Office.

**Financial Statements**

We encourage both existing and prospective Policy Owners to read and understand our financial statements and those of the Separate Account. Our audited statutory financial statements and the Separate Account's audited U.S. GAAP financial statements are included in the SAI. You can request the SAI by contacting our Administrative Office.

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Appendix A

**Funds Available Under the Policy**

The following is a list of Funds available under the policy. The list of Funds is subject to change, as discussed in the prospectus for the policy. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.MassMutual.com/Electrum-Select. You can also request this information at no cost by calling (800) 665-2654 or sending an email request to BOLICOLIService@MassMutual.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fund Type**  | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year** |
| Asset Allocation <br> American Funds Insurance Series<sup>®</sup> Asset Allocation Fund (Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.29<br> %<br>| 16.16<br> %<br>| 9.24<br> %<br>| 10.05<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2020 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.54<br> %<br>| 13.18<br> %<br>| 4.73<br> %<br>| 7.27<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2025 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.56<br> %<br>| 15.33<br> %<br>| 6.13<br> %<br>| 8.77<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2030 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.59<br> %<br>| 18.66<br> %<br>| 8.89<br> %<br>| 10.76<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2035 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.63<br> %<br>| 16.58<br> %<br>| 7.44<br> %<br>| 9.89<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2040 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.67<br> %<br>| 19.68<br> %<br>| 9.33<br> %<br>| 10.98<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2045 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.73<br> %<br>| 9.33<br> %<br>| 10.98<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2050 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.68<br> %<br>| 9.33<br> %<br>| 10.98<br> %<br>|
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2055 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.71<br> %<br>| 9.33<br> %<br>|  |
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2060 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.75<br> %<br>| 9.33<br> %<br>|  |
| Asset Allocation <br> Fidelity<sup>®</sup> VIP Freedom 2065 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.71<br> %<br>| 9.33<br> %<br>|  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Asset Allocation  | Fidelity<sup>®</sup> VIP Freedom 2070 Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.70<br> %<br>| 19.92<br> %<br>|  |  |
| Asset Allocation  | Fidelity<sup>®</sup> VIP Freedom Retirement Portfolio<sup>SM</sup> (Service Class)<sup>(1)</sup><sup>(2)</sup><br>**Adviser:** Fidelity Management & Research Company LLC<br>**Sub-Adviser:** N/A  | 0.46<br> %<br>| 9.56<br> %<br>| 2.25<br> %<br>| 4.34<br> %<br>|
| Asset Allocation  | MML VIP Aggressive Allocation Fund (Initial Class)<sup>(1)</sup><sup>(3)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.98<br> %<br>| 14.17<br> %<br>| 8.36<br> %<br>| 9.53<br> %<br>|
| Asset Allocation  | MML VIP American Funds 65/35 Allocation Fund<br>(Service Class I)<sup>(1)</sup><sup>(4)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 1.02<br> %<br>| 14.54<br> %<br>| 7.37<br> %<br>| 8.39<br> %<br>|
| Asset Allocation  | MML VIP Balanced Allocation Fund (Initial Class)<sup>(1)</sup><sup>(5)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.86<br> %<br>| 11.10<br> %<br>| 4.76<br> %<br>| 6.33<br> %<br>|
| Asset Allocation  | MML VIP Conservative Allocation Fund (Initial Class)<sup>(1)</sup><sup>(6)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.83<br> %<br>| 10.29<br> %<br>| 3.98<br> %<br>| 5.59<br> %<br>|
| Asset Allocation  | MML VIP Growth Allocation Fund (Initial Class)<sup>(1)</sup><sup>(7)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.90<br> %<br>| 12.99<br> %<br>| 7.08<br> %<br>| 8.38<br> %<br>|
| Asset Allocation  | MML VIP Moderate Allocation Fund (Initial Class)<sup>(1)</sup><sup>(8)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.87<br> %<br>| 11.83<br> %<br>| 5.72<br> %<br>| 7.08<br> %<br>|
| Asset Allocation  | Schwab<sup>®</sup> VIT Balanced Portfolio<br>***Adviser:*** Schwab Asset Management<br>***Sub-Adviser:*** N/A  | 0.57<br> %<br>| 12.85<br> %<br>| 4.69<br> %<br>| 5.51<br> %<br>|
| Asset Allocation  | Schwab<sup>®</sup> VIT Balanced with Growth Portfolio<br>***Adviser:*** Schwab Asset Management<br>***Sub-Adviser:*** N/A  | 0.54<br> %<br>| 15.60<br> %<br>| 6.45<br> %<br>| 7.20<br> %<br>|
| Asset Allocation  | Schwab<sup>®</sup> VIT Growth Portfolio<br>***Adviser:*** Schwab Asset Management<br>***Sub-Adviser:*** N/A  | 0.55<br> %<br>| 18.24<br> %<br>| 8.07<br> %<br>| 8.65<br> %<br>|
| Money Market  | Invesco V.I. Government Money Market Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.38<br> %<br>| 4.02<br> %<br>| 3.05<br> %<br>| 1.96<br> %<br>|
| Money Market  | MML VIP Barings U.S. Government Money Market Fund<br>(Initial Class)<sup>(9)</sup><sup>(10)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Barings LLC  | 0.52<br> %<br>| 3.80<br> %<br>| 2.87<br> %<br>| 1.80<br> %<br>|
| Fixed Income  | American Funds Insurance Series<sup>®</sup> American High-Income Trust<sup>®</sup> (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.62%<sup>(\*)</sup> <br>| 8.19<br> %<br>| 5.59<br> %<br>| 6.99<br> %<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Fixed Income  | American Funds Insurance Series<sup>®</sup> Capital World Bond Fund<sup>®</sup><br>(Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.48<br> %<br>| 9.55<br> %<br>| -2.27<br> %<br>| 1.47<br> %<br>|
| Fixed Income  | American Funds Insurance Series<sup>®</sup> The Bond Fund of America<sup>®</sup> (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.47<br> %<br> <sup>(\*)</sup> <br>| 7.24<br> %<br>| -0.14<br> %<br>| 2.39<br> %<br>|
| Fixed Income  | American Funds Insurance Series<sup>®</sup> U.S. Government Securities Fund<sup>®</sup> (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.50<br> %<br> <sup>(\*)</sup> <br>| 7.80<br> %<br>| -0.24<br> %<br>| 1.74<br> %<br>|
| Fixed Income  | BlackRock High Yield V.I. Fund (Class I)<br>***Adviser:*** BlackRock Advisors, LLC<br>***Sub-Adviser:*** BlackRock International Limited  | 0.54<br> %<br> <sup>(\*)</sup> <br>| 9.22<br> %<br>| 4.81<br> %<br>| 6.32<br> %<br>|
| Fixed Income  | BlackRock Total Return V.I. Fund (Class I)<br>***Adviser:*** BlackRock Advisors, LLC<br>***Sub-Advisers:*** BlackRock International Limited and BlackRock (Singapore) Limited  | 0.43<br> %<br> <sup>(\*)</sup> <br>| 8.02<br> %<br>| -0.36<br> %<br>| 2.18<br> %<br>|
| Fixed Income  | Dimensional VA Global Bond Portfolio (Institutional Class)<br>***Adviser:*** Dimensional Fund Advisors LP<br>***Sub-Advisers:*** Dimensional Fund Advisors Ltd. and DFA Australia Limited  | 0.21<br> %<br>| 4.35<br> %<br>| 1.38<br> %<br>| 1.81<br> %<br>|
| Fixed Income  | Dimensional VIT Inflation-Protected Securities Portfolio (Institutional Class)<br>***Adviser:*** Dimensional Fund Advisors LP<br>***Sub-Advisers:*** Dimensional Fund Advisors Ltd. and DFA Australia Limited  | 0.11<br> %<br>| 7.55<br> %<br>| 1.05<br> %<br>| 3.12<br> %<br>|
| Fixed Income  | Eaton Vance VT Floating-Rate Income Fund (ADV Class)<br>***Adviser:*** Eaton Vance Management<br>***Sub-Adviser:*** N/A  | 0.94<br> %<br>| 4.35<br> %<br>| 4.91<br> %<br>| 4.70<br> %<br>|
| Fixed Income  | Fidelity<sup>®</sup> VIP Bond Index Portfolio (Service Class 2)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Advisers:*** FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited  | 0.39<br> %<br>| 6.76<br> %<br>| -0.81<br> %<br>|  |
| Fixed Income  | Fidelity<sup>®</sup> VIP Floating Rate High Income Portfolio (Initial Class)<br>**Adviser:** Fidelity Management & Research Company LLC<br>**Sub-Advisers:** N/A  | 0.73<br> %<br>| 5.33<br> %<br>| 6.06<br> %<br>| 5.44<br> %<br>|
| Fixed Income  | Franklin Strategic Income VIP Fund (Class 2)<br>***Adviser:*** Franklin Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 1.07<br> %<br> <sup>(\*)</sup> <br>| 7.24<br> %<br>| 1.92<br> %<br>| 3.10<br> %<br>|
| Fixed Income  | Goldman Sachs Core Fixed Income Fund (Service)<br>***Adviser:*** Goldman Sachs Asset Management, L.P.<br>***Sub-Adviser:*** N/A  | 0.67<br> %<br> <sup>(\*)</sup> <br>| 7.32<br> %<br>| -0.81<br> %<br>| 1.87<br> %<br>|
| Fixed Income  | Invesco V.I. Global Strategic Income Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.95<br> %<br> <sup>(\*)</sup> <br>| 12.98<br> %<br>| 1.65<br> %<br>| 3.01<br> %<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Fixed Income  | LVIP American Century Inflation Protection Fund (Service Class)<br>***Adviser:*** Lincoln Financial Investments Corporation<br>***Sub-Adviser:*** American Century Investment Management, Inc.  | 0.72<br> %<br> <sup>(\*)</sup> <br>| 6.33<br> %<br>| 0.62<br> %<br>| 2.61<br> %<br>|
| Fixed Income  | MFS<sup>®</sup> Government Securities Portfolio (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.56<br> %<br> <sup>(\*)</sup> <br>| 6.99<br> %<br>| -0.68<br> %<br>| 1.29<br> %<br>|
| Fixed Income  | MML VIP Barings Core Bond Fund (Initial Class)<sup>(11)</sup><br>**Adviser:** MML Investment Advisers, LLC<br>**Sub-Adviser:** Barings LLC  | 0.45<br> %<br>| 7.85<br> %<br>| 0.48<br> %<br>| 2.64<br> %<br>|
| Fixed Income  | MML VIP Barings Inflation-Protected and Income Fund<br>(Initial Class)<sup>(12)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Barings LLC  | 0.65<br> %<br>| 5.89<br> %<br>| 1.12<br> %<br>| 3.15<br> %<br>|
| Fixed Income  | MML VIP Barings Short-Duration Bond Fund (Class II)<sup>(13)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Barings LLC  | 0.59<br> %<br>| 5.96<br> %<br>| 2.56<br> %<br>| 2.57<br> %<br>|
| Fixed Income  | MML VIP Fidelity Institutional AM<sup>®</sup> Core Plus Bond Fund<br>(Class II)<sup>(14)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** FIAM LLC  | 0.61<br> %<br>| 7.41<br> %<br>| -0.83<br> %<br>| 1.83<br> %<br>|
| Fixed Income  | PIMCO Emerging Markets Bond Portfolio (Advisor Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 1.27<br> %<br>| 14.92<br> %<br>| 2.35<br> %<br>| 4.97<br> %<br>|
| Fixed Income  | PIMCO Global Bond Opportunities Portfolio (Unhedged) (Administrative Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 1.15<br> %<br>| 12.78<br> %<br>| 0.15<br> %<br>| 2.46<br> %<br>|
| Fixed Income  | PIMCO High Yield Portfolio (Administrative Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 0.81<br> %<br>| 8.99<br> %<br>| 3.99<br> %<br>| 5.58<br> %<br>|
| Fixed Income  | PIMCO Long-Term U.S. Government Portfolio<br>(Administrative Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 2.48<br> %<br>| 6.32<br> %<br>| -6.79<br> %<br>| 0.03<br> %<br>|
| Fixed Income  | PIMCO Real Return Portfolio (Administrative Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 1.39<br> %<br>| 7.87<br> %<br>| 1.22<br> %<br>| 3.22<br> %<br>|
| Fixed Income  | PIMCO Short Term Portfolio (Administrative Class)<br>**Adviser:** Pacific Investment Management Company LLC<br>**Sub-Adviser:** N/A  | 0.65<br> %<br>| 4.67<br> %<br>| 3.25<br> %<br>| 2.76<br> %<br>|
| Fixed Income  | PIMCO Total Return Portfolio (Administrative Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 0.73<br> %<br>| 8.92<br> %<br>| 0.02<br> %<br>| 2.36<br> %<br>|
| Fixed Income  | T. Rowe Price Limited-Term Bond Portfolio<br>***Adviser:*** T. Rowe Price Associates, Inc.<br>***Sub-Advisers:*** T. Rowe Price Hong Kong Limited and T. Rowe Price International Ltd.  | 0.50<br> %<br> <sup>(\*)</sup> <br>| 5.73<br> %<br>| 2.17<br> %<br>| 2.35<br> %<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Fixed Income  | Templeton Global Bond VIP Fund (Class 1)<br>***Adviser:*** Franklin Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.50<br> %<br> <sup>(\*)</sup> <br>| 16.09<br> %<br>| -0.69<br> %<br>| 0.11<br> %<br>|
| Fixed Income  | Vanguard VIF High Yield Bond Portfolio<br>***Advisers:*** Wellington Management Company LLP and The Vanguard Group, Inc.<br>***Sub-Adviser:*** N/A  | 0.24<br> %<br>| 9.18<br> %<br>| 4.05<br> %<br>| 5.62<br> %<br>|
| Fixed Income  | Vanguard VIF Short-Term Investment-Grade Portfolio<br>***Adviser:*** The Vanguard Group, Inc.<br>***Sub-Adviser:*** N/A  | 0.14<br> %<br>| 6.85<br> %<br>| 2.23<br> %<br>| 2.81<br> %<br>|
| Fixed Income  | Western Asset Long Credit VIT (Class I)<br>***Adviser:*** Legg Mason Partners Fund Advisor, LLC<br>***Sub-Advisers:*** Western Asset Management Company, LLC and Western Asset Management Company Limited  | 0.41<br> %<br>| 8.59<br> %<br>|  |  |
| Balanced  | Janus Henderson Balanced Portfolio (Institutional)<br>**Adviser:** Janus Henderson Investors US LLC<br>**Sub-Adviser:** N/A  | 0.62<br> %<br>| 15.11<br> %<br>| 8.48<br> %<br>| 10.14<br> %<br>|
| Balanced  | MML VIP BlackRock<sup>®</sup> Balanced Fund (Initial Class)<sup>(1)</sup><sup>(15)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** BlackRock Investment Management, LLC  | 0.51<br> %<br>| 12.84<br> %<br>| 7.86<br> %<br>| 9.21<br> %<br>|
| Balanced  | TOPS<sup>®</sup> Aggressive ETF Portfolio (Class 1)<sup>(1)</sup><sup>(16)</sup><br>***Adviser:*** ValMark Advisers, Inc.<br>***Sub-Adviser:*** Milliman Financial Risk Management, LLC  | 0.29<br> %<br>| 19.17<br> %<br>| 9.69<br> %<br>| 10.71<br> %<br>|
| Balanced  | TOPS<sup>®</sup> Balanced ETF Portfolio (Class 1)<sup>(1)</sup><br>***Adviser:*** ValMark Advisers, Inc.<br>***Sub-Adviser:*** Milliman Financial Risk Management, LLC  | 0.29<br> %<br>| 13.17<br> %<br>| 5.79<br> %<br>| 6.66<br> %<br>|
| Balanced  | TOPS<sup>®</sup> Conservative ETF Portfolio (Class 1)<sup>(1)</sup><br>***Adviser:*** ValMark Advisers, Inc.<br>***Sub-Adviser:*** Milliman Financial Risk Management, LLC  | 0.31<br> %<br>| 10.39<br> %<br>| 4.61<br> %<br>| 5.25<br> %<br>|
| Balanced  | TOPS<sup>®</sup> Moderate ETF Portfolio (Class 1)<sup>(1)</sup><sup>(17)</sup><br>***Adviser:*** ValMark Advisers, Inc.<br>***Sub-Adviser:*** Milliman Financial Risk Management, LLC  | 0.29<br> %<br>| 15.50<br> %<br>| 7.20<br> %<br>| 8.26<br> %<br>|
| Balanced  | TOPS<sup>®</sup> Moderately Aggressive ETF Portfolio (Class 1)<sup>(1)</sup><sup>(18)</sup><br>***Adviser:*** ValMark Advisers, Inc.<br>***Sub-Adviser:*** Milliman Financial Risk Management, LLC  | 0.29<br> %<br>| 18.31<br> %<br>| 8.85<br> %<br>| 9.80<br> %<br>|
| Balanced  | Vanguard VIF Balanced Portfolio<br>***Adviser:*** Wellington Management Company LLP<br>***Sub-Adviser:*** N/A  | 0.20<br> %<br>| 16.46<br> %<br>| 9.29<br> %<br>| 10.03<br> %<br>|
| Large Cap Value  | American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.50<br> %<br> <sup>(\*)</sup> <br>| 17.21<br> %<br>| 13.88<br> %<br>| 12.37<br> %<br>|
| Large Cap Value  | BlackRock Basic Value V.I. Fund (Class I)<br>***Adviser:*** BlackRock Advisors, LLC<br>***Sub-Adviser:*** N/A  | 0.74<br> %<br> <sup>(\*)</sup> <br>| 24.38<br> %<br>| 13.12<br> %<br>| 10.84<br> %<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Large Cap Value  | Dimensional VA U.S. Large Value Portfolio (Institutional Class)<br>***Adviser:*** Dimensional Fund Advisors LP<br>***Sub-Adviser:*** N/A  | 0.21<br> %<br>| 15.83<br> %<br>| 11.97<br> %<br>| 10.51<br> %<br>|
| Large Cap Value  | Invesco V.I. Comstock Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.75<br> %<br>| 17.44<br> %<br>| 15.43<br> %<br>| 11.95<br> %<br>|
| Large Cap Value  | MFS<sup>®</sup> Value Series (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.69<br> %<br> <sup>(\*)</sup> <br>| 13.01<br> %<br>| 9.95<br> %<br>| 10.05<br> %<br>|
| Large Cap Value  | MML Income & Growth Fund (Initial Class)<br>**Adviser:** MML Investment Advisers, LLC<br>**Sub-Adviser:** Barrow, Hanley, Mewhinney & Strauss, LLC  | 0.72<br> %<br>| 13.34<br> %<br>| 12.35<br> %<br>| 10.73<br> %<br>|
| Large Cap Value  | MML VIP Franklin Templeton Equity Fund (Initial Class)<sup>(19)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Brandywine Global Investment Management, LLC  | 0.44<br> %<br>| 17.49<br> %<br>| 13.75<br> %<br>| 11.23<br> %<br>|
| Large Cap Value  | MML VIP T. Rowe Price Equity Income Fund (Initial Class)<sup>(20)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** T. Rowe Price Associates, Inc.  | 0.79<br> %<br>| 14.45<br> %<br>| 11.14<br> %<br>| 10.52<br> %<br>|
| Large Cap Value  | Vanguard VIF Diversified Value Portfolio<br>***Advisers:*** Hotchkis and Wiley Capital Management, LLC, Aristotle Capital Management, LLC, and Harris Associates L.P.<br>**Sub-Adviser:** N/A  | 0.28<br> %<br>| 16.83<br> %<br>| 13.24<br> %<br>| 11.76<br> %<br>|
| Large Cap Value  | Vanguard VIF Equity Income Portfolio<br>***Advisers:*** Wellington Management Company LLP and The Vanguard Group, Inc.<br>***Sub-Adviser:*** N/A  | 0.29<br> %<br>| 16.80<br> %<br>| 12.59<br> %<br>| 11.52<br> %<br>|
| Large Cap Blend  | American Funds Insurance Series<sup>®</sup> Growth-Income Fund (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.53<br> %<br>| 18.06<br> %<br>| 13.90<br> %<br>| 13.96<br> %<br>|
| Large Cap Blend  | Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio (Initial Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Advisers:*** FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited  | 0.54<br> %<br>| 21.48<br> %<br>| 15.36<br> %<br>| 15.77<br> %<br>|
| Large Cap Blend  | Fidelity<sup>®</sup> VIP Index 500 Portfolio (Service Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** Geode Capital Management, LLC  | 0.19<br> %<br>| 17.66<br> %<br>| 14.20<br> %<br>| 14.59<br> %<br>|
| Large Cap Blend  | Fidelity<sup>®</sup> VIP Total Market Index Portfolio (Service Class 2)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** Geode Capital Management, LLC  | 0.36<br> %<br>| 16.86<br> %<br>| 12.86<br> %<br>|  |
| Large Cap Blend  | Invesco V.I. Diversified Dividend Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.68<br> %<br>| 15.74<br> %<br>| 10.80<br> %<br>| 9.20<br> %<br>|
| Large Cap Blend  | MFS<sup>®</sup> Blended Research<sup>®</sup> Core Equity Portfolio (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.30<br> %<br> <sup>(\*)</sup> <br>| 16.10<br> %<br>| 15.30<br> %<br>| 13.88<br> %<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Large Cap Blend  | MML Focused Equity Fund (Class II)<br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Wellington Management Company LLP  | 0.90<br> %<br>| 7.90<br> %<br>| 8.75<br> %<br>| 12.51<br> %<br>|
| Large Cap Blend  | MML Sustainable Equity Fund (Initial Class)<br>**Adviser:** MML Investment Advisers, LLC<br>**Sub-Adviser:** American Century Investment Management, Inc.  | 0.56<br> %<br>| 11.50<br> %<br>| 11.93<br> %<br>| 12.98<br> %<br>|
| Large Cap Blend  | MML VIP Invesco Main Street Equity Fund (Class II)<sup>(21)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Invesco Advisers, Inc.  | 0.80<br> %<br>| 16.15<br> %<br>| 12.47<br> %<br>| 14.45<br> %<br>|
| Large Cap Blend  | MML VIP JPMorgan U.S. Research Enhanced Equity Fund<br>(Initial Class)<sup>(22)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** J.P. Morgan Investment Management Inc.  | 0.77<br> %<br>| 10.59<br> %<br>| 7.06<br> %<br>| 6.11<br> %<br>|
| Large Cap Blend  | Schwab<sup>®</sup> S&P 500 Index Portfolio<br>***Adviser:*** Schwab Asset Management<br>***Sub-Adviser:*** N/A  | 0.03<br> %<br>| 17.83<br> %<br>| 14.38<br> %<br>| 14.75<br> %<br>|
| Large Cap Blend  | Vanguard VIF PRIMECAP Portfolio<sup>(23)</sup><br>***Adviser:*** PRIMECAP Management Company<br>***Sub-Adviser:*** N/A  | 0.34<br> %<br>| 28.98<br> %<br>| 13.97<br> %<br>| 14.96<br> %<br>|
| Large Cap Growth  | Fidelity<sup>®</sup> VIP Growth Portfolio (Service Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Advisers:*** FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited  | 0.65<br> %<br>| 14.78<br> %<br>| 13.58<br> %<br>| 17.33<br> %<br>|
| Large Cap Growth  | Invesco V.I. American Franchise Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.85<br> %<br>| 11.66<br> %<br>| 10.35<br> %<br>| 14.87<br> %<br>|
| Large Cap Growth  | MFS<sup>®</sup> Growth Series (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.73<br> %<br> <sup>(\*)</sup> <br>| 12.19<br> %<br>| 11.10<br> %<br>| 15.60<br> %<br>|
| Large Cap Growth  | MML VIP American Funds Growth Fund (Service Class I)<sup>(24)</sup><sup>(25)</sup><sup>(26)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** N/A  | 1.02<br> %<br>| 19.66<br> %<br>| 12.89<br> %<br>| 17.47<br> %<br>|
| Large Cap Growth  | MML VIP Loomis Sayles Large Cap Growth Fund (Initial Class)<sup>(27)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Loomis, Sayles & Company, L.P.  | 0.70<br> %<br>| 15.09<br> %<br>| 14.97<br> %<br>| 16.34<br> %<br>|
| Large Cap Growth  | MML VIP T. Rowe Price Blue Chip Growth Fund (Initial Class)<sup>(28)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** T. Rowe Price Associates, Inc.  | 0.78<br> %<br>| 18.41<br> %<br>| 11.08<br> %<br>| 15.25<br> %<br>|
| Large Cap Growth  | Vanguard VIF Growth Portfolio<br>***Adviser:*** Wellington Management Company LLP<br>***Sub-Adviser:*** N/A  | 0.36<br> %<br>| 16.89<br> %<br>| 11.36<br> %<br>| 15.58<br> %<br>|
| Small/Mid-Cap Value  | Dimensional VA U.S. Targeted Value Portfolio (Institutional Class)<br>***Adviser:*** Dimensional Fund Advisors LP<br>***Sub-Adviser:*** N/A  | 0.29<br> %<br>| 8.95<br> %<br>| 13.60<br> %<br>| 10.99<br> %<br>|

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[Back to **Table of Contents**](#TOC_1015)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Small/Mid-Cap Value  | Franklin Small Cap Value VIP Fund (Class 2)<br>***Adviser:*** Franklin Mutual Advisers, LLC<br>***Sub-Adviser:*** N/A  | 0.91<br> %<br> <sup>(\*)</sup> <br>| 7.65<br> %<br>| 8.86<br> %<br>| 9.81<br> %<br>|
| Small/Mid-Cap Value  | Goldman Sachs Mid Cap Value Fund (Institutional)<br>***Adviser:*** Goldman Sachs Asset Management, L.P.<br>***Sub-Adviser:*** N/A  | 0.81<br> %<br> <sup>(\*)</sup> <br>| 9.39<br> %<br>| 10.06<br> %<br>| 10.02<br> %<br>|
| Small/Mid-Cap Value  | MFS<sup>®</sup> Mid Cap Value Portfolio (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.79<br> %<br> <sup>(\*)</sup> <br>| 5.98<br> %<br>| 10.18<br> %<br>| 9.95<br> %<br>|
| Small/Mid-Cap Value  | MML Small/Mid Cap Value Fund (Initial Class)<br>**Adviser:** MML Investment Advisers, LLC<br>**Sub-Adviser:** AllianceBernstein L.P.  | 0.82<br> %<br>| 2.40<br> %<br>| 8.68<br> %<br>| 8.70<br> %<br>|
| Small/Mid-Cap Value  | MML VIP American Century Mid Cap Value Fund (Initial Class)<sup>(29)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** American Century Investment Management, Inc.  | 0.89<br> %<br>| 8.97<br> %<br>| 8.80<br> %<br>| 9.14<br> %<br>|
| Small/Mid-Cap Value  | MML VIP American Century Small Company Value Fund<br>(Class II)<sup>(30)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** American Century Investment Management, Inc.  | 0.99<br> %<br> <sup>(\*)</sup> <br>| -3.39<br> %<br>| 5.15<br> %<br>| 8.54<br> %<br>|
| Small/Mid-Cap Value  | Nomura VIP Small Cap Value Series (Service Class)<sup>(31)</sup><br>**Adviser:** Delaware Management Company<br>**Sub-Adviser:** N/A  | 1.04<br> %<br>| 7.83<br> %<br>| 8.93<br> %<br>| 8.84<br> %<br>|
| Small/Mid-Cap Blend  | BlackRock Small Cap Index V.I. Fund (Class III)<br>***Adviser:*** BlackRock Advisors, LLC<br>***Sub-Adviser:*** N/A  | 0.47<br> %<br>| 12.37<br> %<br>| 5.67<br> %<br>| 9.17<br> %<br>|
| Small/Mid-Cap Blend  | BNY Mellon MidCap Stock Portfolio (Service Shares)<br>***Adviser:*** BNY Mellon Investment Adviser, Inc.<br>***Sub-Adviser:*** Newton Investment Management North America, LLC  | 1.05<br> %<br> <sup>(\*)</sup> <br>| 9.81<br> %<br>| 9.39<br> %<br>| 8.51<br> %<br>|
| Small/Mid-Cap Blend  | Fidelity<sup>®</sup> VIP Extended Market Index Portfolio (Service Class 2)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** Geode Capital Management, LLC  | 0.37<br> %<br>| 12.03<br> %<br>| 7.75<br> %<br>|  |
| Small/Mid-Cap Blend  | Goldman Sachs Small Cap Equity Insights Fund (Institutional)<br>***Adviser:*** Goldman Sachs Asset Management, L.P.<br>***Sub-Adviser:*** N/A  | 0.82<br> %<br> <sup>(\*)</sup> <br>| 16.14<br> %<br>| 10.48<br> %<br>| 10.85<br> %<br>|
| Small/Mid-Cap Blend  | Invesco V.I. Small Cap Equity Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.96<br> %<br>| 8.05<br> %<br>| 7.32<br> %<br>| 9.55<br> %<br>|
| Small/Mid-Cap Blend  | Lord Abbett Mid Cap Stock Portfolio (Class VC)<br>***Adviser:*** Lord, Abbett & Co. LLC<br>***Sub-Adviser:*** N/A  | 1.15<br> %<br>| 7.05<br> %<br>| 10.16<br> %<br>| 7.98<br> %<br>|
| Small/Mid-Cap Blend  | MML VIP Invesco Small Cap Equity Fund (Initial Class)<sup>(32)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Invesco Advisers, Inc.  | 0.71<br> %<br>| 8.86<br> %<br>| 8.38<br> %<br>| 10.73<br> %<br>|
| Small/Mid-Cap Blend  | Vanguard VIF Mid-Cap Index Portfolio<br>***Adviser:*** The Vanguard Group, Inc.<br>***Sub-Adviser:*** N/A  | 0.17<br> %<br>| 11.54<br> %<br>| 8.46<br> %<br>| 10.77<br> %<br>|

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[Back to **Table of Contents**](#TOC_1015)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Small/Mid-Cap Growth  | Goldman Sachs Mid Cap Growth Fund (Service)<br>***Adviser:*** Goldman Sachs Asset Management, L.P.<br>***Sub-Adviser:*** N/A  | 0.98<br> %<br> <sup>(\*)</sup> <br>| 7.36<br> %<br>| 4.68<br> %<br>| 11.59<br> %<br>|
| Small/Mid-Cap Growth  | LVIP American Century Capital Appreciation Fund<br>(Standard Class II)<br>***Adviser:*** Lincoln Financial Investments Corporation<br>***Sub-Adviser:*** American Century Investment Management, Inc.  | 0.79<br> %<br> <sup>(\*)</sup> <br>| 6.72<br> %<br>| 5.16<br> %<br>| 11.47<br> %<br>|
| Small/Mid-Cap Growth  | MML VIP Invesco Discovery Mid Cap Fund (Class II)<sup>(33)</sup><br>**Adviser:** MML Investment Advisers, LLC<br>**Sub-Adviser:** Invesco Advisers, Inc.  | 0.85<br> %<br> <sup>(\*)</sup> <br>|  |  |  |
| Small/Mid-Cap Growth  | MML VIP T. Rowe Price Mid Cap Growth Fund (Initial Class)<sup>(34)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** T. Rowe Price Associates, Inc.  | 0.82<br> %<br>| 4.35<br> %<br>| 3.82<br> %<br>| 9.94<br> %<br>|
| Small/Mid-Cap Growth  | MML VIP Wellington Small Cap Growth Equity Fund<br>(Initial Class)<sup>(35)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Wellington Management Company LLP  | 1.05<br> %<br> <sup>(\*)</sup> <br>| 7.34<br> %<br>| 2.67<br> %<br>| 10.59<br> %<br>|
| International/Global  | American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund (Class 1A)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.66<br> %<br> <sup>(\*)</sup> <br>| 24.79<br> %<br>| 10.28<br> %<br>| 11.07<br> %<br>|
| International/Global  | American Funds Insurance Series<sup>®</sup> Global Growth Fund (Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.40<br> %<br> <sup>(\*)</sup> <br>| 21.97<br> %<br>| 8.51<br> %<br>| 12.46<br> %<br>|
| International/Global  | American Funds Insurance Series<sup>®</sup> Global Small Capitalization Fund (Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.65<br> %<br> <sup>(\*)</sup> <br>| 14.89<br> %<br>| 0.73<br> %<br>| 7.50<br> %<br>|
| International/Global  | American Funds Insurance Series<sup>®</sup> International Growth and Income Fund (Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.56<br> %<br>| 35.83<br> %<br>| 7.97<br> %<br>| 8.08<br> %<br>|
| International/Global  | American Funds Insurance Series<sup>®</sup> New World Fund<sup>®</sup> (Class 1)<br>***Adviser:*** Capital Research and Management Company<sup>SM</sup><br>***Sub-Adviser:*** N/A  | 0.57<br> %<br> <sup>(\*)</sup> <br>| 28.60<br> %<br>| 5.59<br> %<br>| 9.53<br> %<br>|
| International/Global  | Dimensional VA International Small Portfolio (Institutional Class)<br>***Adviser:*** Dimensional Fund Advisors LP<br>***Sub-Advisers:*** Dimensional Fund Advisors Ltd. and DFA Australia Limited  | 0.39<br> %<br>| 36.99<br> %<br>| 8.89<br> %<br>| 8.68<br> %<br>|
| International/Global  | Dimensional VA International Value Portfolio (Institutional Class)<br>**Adviser:** Dimensional Fund Advisors LP<br>**Sub-Advisers:** Dimensional Fund Advisors Ltd. and DFA Australia Limited  | 0.27<br> %<br>| 45.64<br> %<br>| 15.85<br> %<br>| 10.46<br> %<br>|
| International/Global  | Fidelity<sup>®</sup> VIP Emerging Markets Portfolio (Initial Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** N/A  | 0.87<br> %<br>| 41.20<br> %<br>| 5.88<br> %<br>| 10.93<br> %<br>|

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[Back to **Table of Contents**](#TOC_1015)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| International/Global  | Fidelity<sup>®</sup> VIP International Index Portfolio (Service Class 2)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Adviser:*** Geode Capital Management, LLC  | 0.41<br> %<br>| 32.82<br> %<br>| 7.76<br> %<br>|  |
| International/Global  | Fidelity<sup>®</sup> VIP Overseas Portfolio (Initial Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Advisers:*** FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited, and FIL Investments (Japan) Limited  | 0.72<br> %<br>| 20.39<br> %<br>| 6.62<br> %<br>| 7.93<br> %<br>|
| International/Global  | Franklin Mutual Global Discovery VIP Fund (Class 2)<br>***Adviser:*** Franklin Mutual Advisers, LLC<br>***Sub-Adviser:*** N/A  | 1.16<br> %<br>| 23.34<br> %<br>| 12.00<br> %<br>| 8.52<br> %<br>|
| International/Global  | Goldman Sachs International Equity Insights Fund (Institutional)<br>***Adviser:*** Goldman Sachs Asset Management, L.P.<br>***Sub-Adviser:*** N/A  | 0.81<br> %<br> <sup>(\*)</sup> <br>| 38.48<br> %<br>| 11.09<br> %<br>| 8.24<br> %<br>|
| International/Global  | Invesco V.I. EQV International Equity Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 0.90<br> %<br>| 16.50<br> %<br>| 3.68<br> %<br>| 6.22<br> %<br>|
| International/Global  | Invesco V.I. International Growth Fund (Series I)<sup>(36)</sup><br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** N/A  | 1.00<br> %<br> <sup>(\*)</sup> <br>| 16.32<br> %<br>| 2.15<br> %<br>| 5.64<br> %<br>|
| International/Global  | LVIP American Century International Fund (Standard Class II)<br>***Adviser:*** Lincoln Financial Investments Corporation<br>***Sub-Adviser:*** American Century Investment Management, Inc.  | 0.95<br> %<br> <sup>(\*)</sup> <br>| 15.98<br> %<br>| 1.85<br> %<br>| 6.42<br> %<br>|
| International/Global  | MFS<sup>®</sup> International Intrinsic Equity Portfolio (Initial Class)<sup>(37)</sup><br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.89<br> %<br> <sup>(\*)</sup> <br>| 33.26<br> %<br>| 7.28<br> %<br>| 9.95<br> %<br>|
| International/Global  | MML Foreign Fund (Initial Class)<br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Thompson, Siegel and Walmsley LLC  | 0.92<br> %<br>| 32.60<br> %<br>| 9.01<br> %<br>| 6.72<br> %<br>|
| International/Global  | MML VIP Invesco Global Fund (Class II)<sup>(38)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Invesco Advisers, Inc.  | 0.81<br> %<br>| 23.11<br> %<br>| 7.51<br> %<br>| 9.96<br> %<br>|
| International/Global  | MML VIP MFS International Equity Fund (Class II)<sup>(39)</sup><br>***Adviser:*** MML Investment Advisers, LLC<br>***Sub-Adviser:*** Massachusetts Financial Services Company  | 0.93<br> %<br> <sup>(\*)</sup> <br>| 25.54<br> %<br>| 7.32<br> %<br>| 7.23<br> %<br>|
| International/Global  | Nomura VIP Emerging Markets Series (Service Class)<sup>(40)</sup><br>**Adviser:** Delaware Management Company<br>**Sub-Adviser:** N/A  | 1.46<br> %<br> <sup>(\*)</sup> <br>| 80.77<br> %<br>| 8.48<br> %<br>| 11.86<br> %<br>|
| International/Global  | Vanguard VIF International Portfolio<br>***Advisers:*** Baillie Gifford Overseas Ltd. and Schroder Investment Management North America Inc.<br>***Sub-Adviser:*** N/A  | 0.32<br> %<br>| 19.97<br> %<br>| 0.62<br> %<br>| 10.48<br> %<br>|

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[Back to **Table of Contents**](#TOC_1015)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Fund and Adviser/Sub-Adviser** | **Current** **Expenses** **(expenses/** **average assets)** | **1 Year** | **5 Year** | **10 Year**  |
| Specialty <sup>(41)</sup>  | Fidelity<sup>®</sup> VIP Real Estate Portfolio (Service Class)<br>***Adviser:*** Fidelity Management & Research Company LLC<br>***Sub-Advisers:*** FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited  | 0.70<br> %<br>| 3.04<br> %<br>| 4.12<br> %<br>| 3.77<br> %<br>|
| Specialty <sup>(41)</sup>  | Invesco V.I. Global Real Estate Fund (Series I)<br>***Adviser:*** Invesco Advisers, Inc.<br>***Sub-Adviser:*** Invesco Asset Management Limited  | 1.02<br> %<br>| 7.85<br> %<br>| 1.73<br> %<br>| 2.44<br> %<br>|
| Specialty <sup>(41)</sup>  | MFS<sup>®</sup> Global Real Estate Portfolio (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.90<br> %<br> <sup>(\*)</sup> <br>| 3.53<br> %<br>| 1.32<br> %<br>| 5.01<br> %<br>|
| Specialty <sup>(41)</sup>  | MFS<sup>®</sup> Utilities Series (Initial Class)<br>***Adviser:*** Massachusetts Financial Services Company<br>***Sub-Adviser:*** N/A  | 0.78<br> %<br> <sup>(\*)</sup> <br>| 15.01<br> %<br>| 7.64<br> %<br>| 9.49<br> %<br>|
| Specialty <sup>(41)</sup>  | Nomura VIP Asset Strategy Series (Service Class)<sup>(42)</sup><br>**Adviser:** Delaware Management Company<br>**Sub-Advisers:** Nomura Investment Management Austria Kapitalanlage AG and Macquarie Investment Management Global Limited  | 0.77<br> %<br> <sup>(\*)</sup> <br>| 16.66<br> %<br>| 7.07<br> %<br>| 7.84<br> %<br>|
| Specialty <sup>(41)</sup>  | Nomura VIP Science and Technology Series (Service Class)<sup>(43)</sup><br>**Adviser:** Delaware Management Company<br>**Sub-Adviser:** N/A  | 1.15<br> %<br>| 33.36<br> %<br>| 13.71<br> %<br>| 17.20<br> %<br>|
| Specialty <sup>(41)</sup>  | PIMCO All Asset Portfolio (Administrative Class)<sup>(1)</sup><br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** Research Affiliates  | 2.13<br> %<br> <sup>(\*)</sup> <br>| 14.20<br> %<br>| 5.60<br> %<br>| 6.77<br> %<br>|
| Specialty <sup>(41)</sup>  | PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Advisor Class)<br>***Adviser:*** Pacific Investment Management Company LLC<br>***Sub-Adviser:*** N/A  | 3.29<br> %<br> <sup>(\*)</sup> <br>| 18.66<br> %<br>| 10.44<br> %<br>| 6.42<br> %<br>|
| Specialty <sup>(41)</sup>  | VanEck VIP Global Gold Fund (Class S)<br>**Adviser:** Van Eck Associates Corporation<br>**Sub-Adviser:** N/A  | 1.45<br> %<br> <sup>(\*)</sup> <br>| 164.43<br> %<br>| 20.00<br> %<br>| 20.88<br> %<br>|
| Specialty <sup>(41)</sup>  | Vanguard VIF Real Estate Index Portfolio<br>***Adviser:*** The Vanguard Group, Inc.<br>***Sub-Adviser:*** N/A  | 0.26<br> %<br>| 3.11<br> %<br>| 4.51<br> %<br>| 5.08<br> %<br>|

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Fidelity, Contrafund and Fidelity Institutional AM are registered service marks of FMR LLC. Used with permission.

(\*) This Fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this Fund's annual expenses reflect temporary expense reductions. See the Fund prospectus for additional information.

(1) These are fund-of-funds investment choices. They are known as fund-of-funds because they invest in other underlying funds. A fund offered in a fund-of-funds structure may have higher expenses than a direct investment in its underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests.

(2) Fidelity <sup>®</sup> VIP Freedom Retirement Portfolio <sup>SM</sup> formerly known as Fidelity <sup>®</sup> VIP Freedom Income Portfolio. <sup>SM</sup>

(3) MML VIP Aggressive Allocation Fund formerly known as MML Aggressive Allocation Fund.

(4) MML VIP American Funds 65/35 Allocation Fund formerly known as MML American Funds Core Allocation Fund.

(5) MML VIP Balanced Allocation Fund formerly known as MML Balanced Allocation Fund.

(6) MML VIP Conservative Allocation Fund formerly known as MML Conservative Allocation Fund.

(7) MML VIP Growth Allocation Fund formerly known as MML Growth Allocation Fund.

(8) MML VIP Moderate Allocation Fund formerly known as MML Moderate Allocation Fund.

(9) You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has

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no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Separate Account charges, the yield in the division that invests in this Fund could be negative.

(10) MML VIP Barings U.S. Government Money Market Fund formerly known as MML U.S. Government Money Market Fund.

(11) MML VIP Barings Core Bond Fund formerly known as MML Managed Bond Fund.

(12) MML VIP Barings Inflation-Protected and Income Fund formerly known as MML Inflation-Protected and Income Fund.

(13) MML VIP Barings Short-Duration Bond Fund formerly known as MML Short-Duration Bond Fund.

(14) MML VIP Fidelity Institutional AM <sup>®</sup> Core Plus Bond Fund formerly known as MML Total Return Bond Fund.

(15) MML VIP BlackRock <sup>®</sup> Balanced Fund formerly known as MML Blend Fund.

(16) TOPS <sup>®</sup> Aggressive ETF Portfolio formerly known as TOPS <sup>®</sup> Aggressive Growth ETF Portfolio.

(17) TOPS <sup>®</sup> Moderate ETF Portfolio formerly known as TOPS <sup>®</sup> Moderate Growth ETF Portfolio.

(18) TOPS <sup>®</sup> Moderately Aggressive ETF Portfolio formerly TOPS <sup>®</sup> Growth ETF Portfolio.

(19) MML VIP Franklin Templeton Equity Fund formerly known as MML Equity Fund.

(20) MML VIP T. Rowe Price Equity Income Fund formerly known as MML Equity Income Fund.

(21) MML VIP Invesco Main Street Equity Fund formerly known as MML Fundamental Equity Fund.

(22) MML VIP JPMorgan U.S. Research Enhanced Equity Fund formerly known as MML Managed Volatility Fund.

(23) Vanguard VIF PRIMECAP Portfolio formerly Vanguard VIF Capital Growth Portfolio.

(24) The Fund is a "feeder" fund, meaning that it does not buy investment securities directly, but instead invests in shares of a corresponding "master" fund, which in turn purchases investment securities. A fund offered in a master feeder structure may have higher expenses than those of a fund which invests directly in securities because the "feeder" fund bears its own expenses in addition to those of the "master" fund. You should read the Fund prospectuses for more information about this "feeder" fund.

(25) The
 MML VIP American Funds Growth Fund invests all of its assets in the Class 1 shares of the American Funds Insurance
 Series <sup>®</sup> – Growth Fund. However, this Fund
 is not available directly as an investment choice under your MassMutual variable product. You should read the prospectus along with
 the prospectus for the MML VIP
 American Funds Growth Fund.

(26) MML VIP American Funds Growth Fund formerly known as MML American Funds Growth Fund.

(27) MML VIP Loomis Sayles Large Cap Growth Fund formerly known as MML Large Cap Growth Fund.

(28) MML VIP T. Rowe Price Blue Chip Growth Fund formerly known as MML Blue Chip Growth Fund.

(29) MML VIP American Century Mid Cap Value Fund formerly known as MML Mid Cap Value Fund.

(30) MML VIP American Century Small Company Value Fund formerly known as MML Small Company Value Fund.

(31) Nomura VIP Small Cap Value Series formerly known as Macquarie VIP Small Cap Value Series.

(32) MML VIP Invesco Small Cap Equity Fund formerly known as MML Small Cap Equity Fund.

(33) MML VIP Invesco Discovery Mid Cap Fund formerly known as MML Invesco Discovery Mid Cap Fund.

(34) MML VIP T. Rowe Price Mid Cap Growth Fund formerly known as MML Mid Cap Growth Fund.

(35) MML VIP Wellington Small Cap Growth Equity Fund formerly known as MML Small Cap Growth Equity Fund.

(36) Invesco V.I. International Growth Fund formerly known as Invesco Oppenheimer V.I. International Growth Fund.

(37) MFS <sup>®</sup> International Intrinsic Equity Portfolio formerly known as MFS <sup>®</sup> International Intrinsic Value Portfolio.

(38) MML VIP Invesco Global Fund formerly known as MML Global Fund.

(39) MML VIP MFS International Equity Fund formerly known as MML International Equity Fund.

(40) Nomura VIP Emerging Markets Series formerly known as Macquarie VIP Emerging Markets Series.

(41) Specialty funds are an all-encompassing category that consists of funds that forgo broad diversification to concentrate on a certain segment of the economy or a specific targeted strategy. For example, sector funds are targeted strategy funds aimed at specific sectors of the economy, such as financial, technology, healthcare, and so on. Sector funds can, therefore, be more volatile than a more diversified equity fund since the stocks in a given sector tend to be highly correlated with each other.

(42) Nomura VIP Asset Strategy Series formerly known as Macquarie VIP Asset Strategy Series.

(43) Nomura VIP Science and Technology Series formerly known as Macquarie VIP Science and Technology Series.

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Appendix B

**Mortality & Expense Credit**

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| | |
|:---|:---|
| **Fund Name**  | **M&E Credit**<br>**per Annum** |
| American Funds Insurance Series<sup>®</sup> American High-Income Trust<sup>®</sup> (Class 1A)  | 0.25 |
| American Funds Insurance Series<sup>®</sup> Asset Allocation Fund (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> Capital World Bond Fund<sup>®</sup> (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund (Class 1A)  | 0.25 |
| American Funds Insurance Series<sup>®</sup> Global Growth Fund (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> Global Small Capitalization Fund (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> Growth-Income Fund (Class 1A)  | 0.25 |
| American Funds Insurance Series<sup>®</sup> International Growth and Income Fund (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> New World Fund (Class 1)  | 0.00 |
| American Funds Insurance Series<sup>®</sup> The Bond Fund of America<sup>®</sup> (Class 1A)  | 0.25 |
| American Funds Insurance Series<sup>®</sup> U.S. Government Securities Fund<sup>®</sup> (Class 1A)  | 0.25 |
| American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund (Class 1A)  | 0.25 |
| BlackRock Basic Value V.I. Fund (Class I)  | 0.25 |
| BlackRock High Yield V.I. Fund (Class I)  | 0.15 |
| BlackRock Small Cap Index V.I. Fund (Class III)  | 0.25 |
| BlackRock Total Return V.I. Fund (Class I)  | 0.15 |
| BNY Mellon MidCap Stock Portfolio (Service Shares)  | 0.40 |
| Dimensional VA Global Bond Portfolio (Institutional Class)  | 0.00 |
| Dimensional VA International Small Portfolio (Institutional Class)  | 0.00 |
| Dimensional VA International Value Portfolio (Institutional Class)  | 0.00 |
| Dimensional VA U.S. Large Value Portfolio (Institutional Class)  | 0.00 |
| Dimensional VA U.S. Targeted Value Portfolio (Institutional Class)  | 0.00 |
| Dimensional VIT Inflation-Protected Securities Portfolio (Institutional Class)  | 0.00 |
| Eaton Vance VT Floating-Rate Income Fund (ADV Class)  | 0.25 |
| Fidelity<sup>®</sup> VIP Bond Index Portfolio (Service Class 2)  | 0.30 |
| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio (Initial Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP Emerging Markets Portfolio (Initial Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Extended Market Index Portfolio<sup>SM</sup> (Service Class 2)  | 0.30 |
| Fidelity<sup>®</sup> VIP Floating Rate High Income Portfolio (Initial Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP Freedom 2020 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2025 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2030 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2035 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2040 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2045 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2050 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2055 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2060 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2065 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom 2070 Portfolio<sup>SM</sup> (Service Class)  | 0.20 |
| Fidelity<sup>®</sup> VIP Freedom Retirement Portfolio<sup>SM</sup> (Service Class)  | 0.20 |

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---

| | |
|:---|:---|
| **Fund Name**  | **M&E Credit**<br>**per Annum** |
| Fidelity<sup>®</sup> VIP Growth Portfolio (Service Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP Index 500 Portfolio (Service Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP International Index Portfolio (Service Class 2)  | 0.30 |
| Fidelity<sup>®</sup> VIP Overseas Portfolio (Initial Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP Real Estate Portfolio (Service Class)  | 0.15 |
| Fidelity<sup>®</sup> VIP Total Market Index Portfolio (Service Class 2)  | 0.30 |
| Franklin Mutual Global Discovery VIP Fund (Class 2)  | 0.35 |
| Franklin Small Cap Value VIP Fund (Class 2)  | 0.35 |
| Franklin Strategic Income VIP Fund (Class 2)  | 0.35 |
| Goldman Sachs Core Fixed Income Fund (Service)  | 0.25 |
| Goldman Sachs International Equity Insights Fund (Institutional)  | 0.20 |
| Goldman Sachs Mid Cap Growth Fund (Service)  | 0.25 |
| Goldman Sachs Mid Cap Value Fund (Institutional)  | 0.20 |
| Goldman Sachs Small Cap Equity Insights Fund (Institutional)  | 0.20 |
| Invesco V.I. American Franchise Fund (Series I)  | 0.25 |
| Invesco V.I. Comstock Fund (Series I)  | 0.25 |
| Invesco V.I. Diversified Dividend Fund (Series I)  | 0.25 |
| Invesco V.I. EQV International Equity Fund (Series I)  | 0.25 |
| Invesco V.I. Global Real Estate Fund (Series I)  | 0.25 |
| Invesco V.I. Global Strategic Income Fund (Series I)  | 0.22 |
| Invesco V.I. Government Money Market Fund (Class I)  | 0.15 |
| Invesco V.I. International Growth Fund (Series I)  | 0.22 |
| Invesco V.I. Small Cap Equity Fund (Series I)  | 0.25 |
| Janus Henderson Balanced Portfolio (Institutional)  | 0.15 |
| Lord Abbett Series Fund Mid Cap Stock VC Portfolio  | 0.35 |
| LVIP American Century Capital Appreciation Fund (Standard Class II)  | 0.35 |
| LVIP American Century Inflation Protection Fund (Service Class)  | 0.35 |
| LVIP American Century International Fund (Standard Class II)  | 0.35 |
| MFS<sup>®</sup> Blended Research<sup>®</sup> Core Equity Portfolio (Initial Class)  | 0.25 |
| MFS<sup>®</sup> Global Real Estate Portfolio (Initial Class)  | 0.25 |
| MFS® Government Securities Portfolio (Initial Class)  | 0.25 |
| MFS<sup>®</sup> Growth Series (Initial Class)  | 0.25 |
| MFS<sup>®</sup> International Intrinsic Equity Portfolio (Initial Class)  | 0.25 |
| MFS<sup>®</sup> Mid Cap Value Portfolio (Initial Class)  | 0.25 |
| MFS<sup>®</sup> Utilities Series (Initial Class)  | 0.25 |
| MFS<sup>®</sup> Value Series (Initial Class)  | 0.25 |
| MML Focused Equity Fund (Class II)  | 0.15 |
| MML Foreign Fund (Initial Class)  | 0.15 |
| MML Income & Growth Fund (Initial Class)  | 0.15 |
| MML Small/Mid Cap Value Fund (Initial Class)  | 0.15 |
| MML Sustainable Equity Fund (Initial Class)  | 0.15 |
| MML VIP Aggressive Allocation Fund (Initial Class)  | 0.15 |
| MML VIP American Century Mid Cap Value Fund (Initial Class)  | 0.15 |
| MML VIP American Century Small Company Value Fund (Class II)  | 0.15 |
| MML VIP American Funds 65/35 Allocation Fund (Service Class I)  | 0.50 |
| MML VIP American Funds Growth Fund (Service Class I)  | 0.50 |

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---

| | |
|:---|:---|
| **Fund Name**  | **M&E Credit**<br>**per Annum** |
| MML VIP Balanced Allocation Fund (Initial Class)  | 0.15 |
| MML VIP Barings Core Bond Fund (Initial Class)  | 0.15 |
| MML VIP Barings Inflation-Protected and Income Fund (Initial Class)  | 0.15 |
| MML VIP Barings Short-Duration Bond Fund (Class II)  | 0.15 |
| MML VIP Barings U.S. Government Money Market Fund (Initial Class)  | 0.15 |
| MML VIP BlackRock<sup>®</sup> Balanced Fund (Initial Class)  | 0.15 |
| MML VIP Conservative Allocation Fund (Initial Class)  | 0.15 |
| MML VIP Fidelity Institutional AM<sup>®</sup> Core Plus Bond Fund (Class II)  | 0.15 |
| MML VIP Franklin Templeton Equity Fund (Initial Class)  | 0.15 |
| MML VIP Growth Allocation Fund (Initial Class)  | 0.15 |
| MML VIP Invesco Discovery Mid Cap Fund (Class II)  | 0.22 |
| MML VIP Invesco Global Fund (Class II)  | 0.40 |
| MML VIP Invesco Main Street Equity Fund (Class II)  | 0.15 |
| MML VIP Invesco Small Cap Equity Fund (Initial Class)  | 0.15 |
| MML VIP JPMorgan U.S. Research Enhanced Equity Fund (Initial Class)  | 0.15 |
| MML VIP Loomis, Sayles Large Cap Growth Fund (Initial Class)  | 0.15 |
| MML VIP MFS International Equity Fund (Class II)  | 0.15 |
| MML VIP Moderate Allocation Fund (Initial Class)  | 0.15 |
| MML VIP T. Rowe Price Blue Chip Growth Fund (Initial Class)  | 0.15 |
| MML VIP T. Rowe Price Equity Income Fund (Initial Class)  | 0.15 |
| MML VIP T. Rowe Price Mid Cap Growth Fund (Initial Class)  | 0.15 |
| MML VIP Wellington Small Cap Growth Equity Fund (Initial Class)  | 0.15 |
| Nomura VIP Asset Strategy (Standard Class)  | 0.50 |
| Nomura VIP Emerging Markets Series (Service Class)  | 0.40 |
| Nomura VIP Science and Technology (Service Class)  | 0.25 |
| Nomura VIP Small Cap Value Series (Service Class)  | 0.40 |
| PIMCO All Asset Portfolio (Administrative Class)  | 0.30 |
| PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Advisor Class)  | 0.25 |
| PIMCO Emerging Markets Bond Portfolio (Advisor Class)  | 0.25 |
| PIMCO Global Bond Opportunities Portfolio (Unhedged) (Administrative Class)  | 0.30 |
| PIMCO High Yield Portfolio (Administrative Class)  | 0.30 |
| PIMCO Long-Term U.S. Government Portfolio (Administrative Class)  | 0.30 |
| PIMCO Real Return Portfolio (Administrative Class)  | 0.30 |
| PIMCO Short Term Portfolio (Administrative Class)  | 0.30 |
| PIMCO Total Return Portfolio (Administrative Class)  | 0.30 |
| Schwab<sup>®</sup> S&P 500 Index Portfolio  | 0.00 |
| Schwab<sup>®</sup> VIT Balanced Portfolio  | 0.00 |
| Schwab<sup>®</sup> VIT Balanced with Growth Portfolio  | 0.00 |
| Schwab<sup>®</sup> VIT Growth Portfolio  | 0.00 |
| T. Rowe Price Limited-Term Bond Portfolio  | 0.15 |
| Templeton Global Bond VIP Fund (Class 1)  | 0.15 |
| TOPS<sup>®</sup> Aggressive ETF Portfolio (Class 1)  | 0.00 |
| TOPS<sup>®</sup> Balanced ETF Portfolio (Class 1)  | 0.00 |
| TOPS<sup>®</sup> Conservative ETF Portfolio (Class 1)  | 0.00 |
| TOPS<sup>®</sup> Moderate ETF Portfolio (Class 1)  | 0.00 |
| TOPS<sup>®</sup> Moderately Aggressive ETF Portfolio (Class 1)  | 0.00 |

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| | |
|:---|:---|
| **Fund Name**  | **M&E Credit**<br>**per Annum** |
| Vanguard VIF Balanced Portfolio  | 0.00 |
| Vanguard VIF Diversified Value Portfolio  | 0.00 |
| Vanguard VIF Equity Income Portfolio  | 0.00 |
| Vanguard VIF Growth Portfolio  | 0.00 |
| Vanguard VIF High-Yield Bond Portfolio  | 0.00 |
| Vanguard VIF International Portfolio  | 0.00 |
| Vanguard VIF Mid-Cap Index Portfolio  | 0.00 |
| Vanguard VIF PRIMECAP Portfolio  | 0.00 |
| Vanguard VIF Real Estate Index Portfolio  | 0.00 |
| Vanguard VIF Short-Term Investment-Grade Portfolio  | 0.00 |
| Western Asset Long Credit VIT (Class I)  | 0.15 |

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Appendix C

**Hypothetical Examples of Death Benefit Option Changes**

The following are hypothetical examples of death benefit option changes. All examples assume the Minimum Death Benefit does not apply.

***Example I – Change from Option 2 to Option 1***

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For a change from Option 2 to Option 1, the Base Selected Face Amount is increased by the amount of the Account Value on the effective date of the change.

For example, if the policy has a Base Selected Face Amount of $500,000 and an Account Value of $25,000, the death benefit under Option 2 is equal to the Base Selected Face Amount plus the Account Value, or $525,000. If you change from Option 2 to Option 1, the death benefit under Option 1 is equal to the policy Base Selected Face Amount. Since the death benefit under the policy does not change as the result of a death benefit option change, the Base Selected Face Amount will be increased from $500,000 under Option 2 to $525,000 under Option 1 and the death benefit after the change will remain at $525,000.

***Example II – Change from Option 3 to Option 1***

------

For a change from Option 3 to Option 1, the Base Selected Face Amount is increased by the amount of the premiums paid (and not refunded) to the effective date of the change.

For example, if a policy has a Base Selected Face Amount of $500,000, and premium payments of $12,000 have been made to date, the death benefit under Option 3 is equal to the Base Selected Face Amount plus the premiums paid (and not refunded), or $512,000. If you change from Option 3 to Option 1, the death benefit under Option 1 is equal to the Base Selected Face Amount. Since the death benefit under the policy does not change as the result of a death benefit option change, the Base Selected Face Amount will be increased from $500,000 under Option 3 to $512,000 under Option 1 and the death benefit after the change will remain at $512,000.

***Example III – Change from Option 1 to Option 2, or Change from Option 1 to Option 3, or Change from Option 2 to Option 3, or Change from Option 3 to Option 2***

------

For any of these death benefit option changes, the Base Selected Face Amount will equal the Base Selected Face Amount before the change.

For example, if the policy has a Base Selected Face Amount of $700,000, the Base Selected Face Amount after the change will remain $700,000.

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Appendix D

**Example of Overloan Protection Rider Operation**

The calculations below show an example of how the Overloan Protection Rider operates using a sample policy with the Overloan Protection Rider assuming the following:

• The policy is in Policy Year 21, policy month 1.

• The Insured is Attained Age 80.

• The policy is not a MEC.

• The policy is issued under the Guideline Premium Test.

• The policy's Death Benefit Option is Option 2.

• The Account Value immediately preceding the activation of the Overloan Protection Rider is $125,000.

• The loaned Account Value immediately preceding the activation of the Overloan Protection Rider is $120,000.

• Activating the Overloan Protection Rider will not cause the policy to become a MEC or fail the Guideline Premium Test.

• All amounts that may be withdrawn from the policy without the imposition of federal income tax have been taken as partial surrenders prior to exercise of the rider.

Upon exercising the Overloan Protection Rider:

• The one-time rider charge is deducted: = [Account Value x Overloan Protection Rider charge] = [$125,000 x 3.19%] = $3,987.50.

• The Overloan Rider Trigger is met. The Overloan Rider Trigger point is 96% for Attained Age 80. The ratio of the Policy Debt to the Account Value less the deduction for the one-time rider charge = [loaned Account Value/(Account Value – Overloan Protection Rider charge)] = [$120,000/($125,000 – $3,987.50)] = 99.2%. 99.2% ≥ 96%.

• The Death Benefit Option is changed from Option 2 to Option 1.

• The remaining non-loaned Account Value is the Account Value less the Policy Debt less the one-time rider charge. The non-loaned Account Value = [Account Value – loaned Account Value – Overloan Protection Rider charge] = [$125,000 – $120,000 – $3,987.50] = $1,012.50. This amount is transferred to the GPA and will accrue interest at not less than the policy's guaranteed minimum interest rate for the GPA.

• The policy becomes a paid-up policy and the Total Selected Face Amount = [Account Value after the rider charge is taken x Minimum Death Benefit factor] = [($125,000 – $3,987.50) x 105%] = $127,063.13.

• The Policy Debt of $120,000 will continue to accrue interest at the applicable rate and the loaned Account Value of $120,000 will continue to accrue interest at the applicable rate.

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Appendix E

**Examples of Charge Blending**

The tables and the calculations below show examples of how actual charges would be determined using a sample policy assuming the following:

• The policy is in Policy Year 2, policy month 1.

• The Total Selected Face Amount is $1,000,000.

• The Base Selected Face Amount $800,000 and the Term Rider Selected Face Amount is $200,000.

• The policy is issued on a guaranteed basis for a 45 year-old male nonsmoker.

• The policy is funded by seven annual premium payments of $73,590.

• The Account Value immediately preceding the cost of insurance charge deduction in Policy Year 2, policy month 1 is $100,000.

• The monthly equivalent of the minimum annual interest rate for the fixed Account Value is 0.0008295.

**All of the tables and calculations examples use current charges. If maximum charges were used in these examples, the charges** **would be higher.**

***Example of Premium Load Charge***

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Total Premium Load Charge: Deducted from each premium payment

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Policy Year**  | &nbsp;&nbsp; **Target Premium Charge** | &nbsp;&nbsp; **Excess Premium Charge** | &nbsp;&nbsp; **Target Premium Paid** | &nbsp;&nbsp; **Excess Premium Paid** |
| 2  | 6.55<br> %<br>| 0.50<br> %<br>| $58872 | $14718 |

---

Using the charges in the table above and the assumptions in the example listed above, the Premium Load Charge is calculated as shown below.

Premium Load Charge =

[(Target Premium) x (Target Premium Charge)]

+

[(Excess Premium) x (Excess Premium Charge)]

= [($58,872) x (0.0655)]

+ [($14,718) x (0.0050)]

= $3,929.71 of the premium received during Policy Year 2

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***Example of Face Amount Charge***

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Total Face Amount Charge: Deducted monthly from Account Value

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| | | |
|:---|:---|:---|
| **Policy Year**  | **Base Face Amount Charge**<br>**per $1,000 of**<br>**Base Selected Face Amount** | **Term Rider Face Amount Charge**<br>**per $1,000 of**<br>**Term Rider Selected Face Amount** |
| 2  | $0.025 | $0.025 |

---

Using the charges in the table above and the assumptions in the example listed above, the total face amount charge is calculated as shown below.

Total Face Amount Charge per Month =

[(Base Selected Face Amount) x (Base Face Amount Charge)]

+

[(Term Rider Selected Face Amount) x (Term Rider Face Amount Charge)]

= [($800,000)/1,000 x ($0.025)]

+

[($200,000)/1,000 x ($0.025)]

= [($800) x ($0.025)]

+

[($200) x ($0.025)]

= [($20.00)]

+

[($5.00)]

= $25.00 deducted monthly from the Account Value in Policy Year 2

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***Example of Cost of Insurance Charge***

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Cost of Insurance Charge: Deducted monthly from Account Value\*

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| | | |
|:---|:---|:---|
| **Policy**<br>**Year**  | **Base Monthly Cost of**<br>**Insurance Charge**<br>**per $1,000 of Insurance Risk<sup>(\*)</sup>**  | **Term Monthly Cost of**<br>**Insurance Amount Charge**<br>**per $1,000 of Insurance Risk<sup>(\*)</sup>**  |
| 2  | $0.046 | $0.046 |

---

*(\*)* *Cost of insurance charge rates change each Policy Year based on the issue age of the Insured and the Policy Year.*

Using the charges in the table above and the assumptions in the example listed above, the cost of insurance charge is calculated as shown below.

Total Cost of Insurance Charge =

[(Base Net Amount at Risk) x (Base Monthly Cost of Insurance Charge)]

+ [(Term Net Amount at Risk) x (Term Monthly Cost of Insurance Charge)]

= [[($800,000/1.0008295) – $100,000]/1,000 x ($0.046)]

+

[[($200,000)/(1.0008295)]/1,000 x ($0.046)]

= [($699.42) x ($0.046)]

+

[($199.83) x ($0.046)]

= [($32.17)]

+

[($9.19)]

= $41.36 deducted from the Account Value in the first month of Policy Year 2

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Appendix F

**Example of Amount of Monthly Term Insurance and Term Cost of Insurance** **Charge Calculation**

The calculations below show an example of how the amount of monthly term insurance and the corresponding term cost of insurance charge would be determined using a sample policy with the term rider assuming the following:

• The policy is in Policy Year 6, policy month 1.

• The policy is issued on a guaranteed basis for a 45 year-old male non-smoker.

• The policy is issued under the Cash Value Accumulation Test.

• The policy's Death Benefit Option is Option 1.

• The Total Selected Face Amount is $1,000,000.

• The Base Selected Face Amount $800,000 and the Term Rider Selected Face Amount is $200,000.

• The policy is funded by seven annual premium payments of $73,590.

• The Account Value immediately preceding the cost of insurance charge deduction in Policy Year 6, policy month 1 is $450,000.

• The Minimum Death Benefit factor for a 50 year-old male non-smoker is 1.89.

• The monthly equivalent of the minimum annual interest rate for the fixed Account Value is 0.0008295.

• The term monthly cost of insurance charge per $1,000 of Insurance Risk in Policy Year 6 is $0.09.

***Amount of Monthly Term Insurance***

------

The calculation of the amount of monthly term insurance in Policy Year 6, policy month 1 is shown below:

Amount of monthly term insurance

= Term Rider Selected Face Amount – (Minimum Death Benefit – Base Selected Face Amount)<sup>(\*)</sup>

= $200,000 – (($450,000 x 1.89) – $800,000)

= $200,000 – ($850,500 – $800,000)

= $200,000 – $50,500

= $149,500 of monthly term insurance in Policy Year 6, policy month 1

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| | |
|:---|:---|
| *(\*)* | *This amount will not be less than zero.* |

---

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[Back to **Table of Contents**](#TOC_1015)

***Monthly Term Insurance Cost of Insurance Charge***

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The calculation of the term cost of insurance charge in Policy Year 6, policy month 1 is shown below:

Term Rider Cost of Insurance Charge

= [(Term Net Amount at Risk) x (Term Monthly Cost of Insurance Charge)]

= [($149,500/1.0008295)/1,000] x $0.09

= [$149,376.09/1,000] x $0.09

= $149.38 x $0.09

= $13.44 deducted from the Account Value in the first month of

Policy Year 6 for the monthly term cost of insurance charge

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[Back to **Table of Contents**](#TOC_1015)

Appendix G

**Factors Used in Calculating the Cash Surrender Value Enhancement Benefit**

The table below shows the current factors used to calculate the Cash Surrender Value Enhancement Benefit for the first and last month of each Policy Year. The actual calculation will depend on the month the policy is surrendered. Policy Owners may, free of charge, request a calculation of their current Cash Surrender Value Enhancement Benefit by contacting our Administrative Office.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Base Enhancement Percentage** | **Base Enhancement Percentage** | **Term Enhancement Percentage** | **Term Enhancement Percentage** |
| **Policy Year**  | **Month 1** | **Month 12** | **Month 1** | **Month 12** |
| **1**  | 6.10% | 8.87% | 3.05% | 4.44% |
| **2**  | 8.70% | 7.84% | 4.35% | 3.92% |
| **3**  | 8.30% | 7.08% | 4.15% | 3.54% |
| **4**  | 7.57% | 6.33% | 3.79% | 3.17% |
| **5**  | 6.62% | 5.40% | 3.31% | 2.70% |
| **6**  | 5.51% | 4.33% | 2.76% | 2.17% |
| **7**  | 4.52% | 3.34% | 2.26% | 1.67% |
| **8**  | 3.26% | 2.45% | 1.63% | 1.23% |
| **9**  | 2.38% | 1.50% | 1.19% | 0.75% |
| **10**  | 1.44% | 0.75% | 0.72% | 0.38% |
| **11**  | 0.00% | 0.00% | 0.00% | 0.00% |

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[Back to **Table of Contents**](#TOC_1015)

***Example of Cash Surrender Value Enhancement Benefit (using the factors available in the table above)***

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In this example, we will assume the following:

• A full surrender is requested in the last month of Policy Year 2.

• The sum of all premiums paid, less the sum of all withdrawals, and less any Policy Debt is $200,000.

• The Base Selected Face Amount allocation (as a percentage of the Total Selected Face Amount) is 75%.

• The Term Rider Selected Face Amount allocation (as a percentage of the Total Selected Face Amount) is 25%.

Using the charges in the table above and the assumptions in the example listed above, the Cash Surrender Value Enhancement Benefit is calculated as shown below:

Cash Surrender Value Enhancement Benefit =

[(Base Selected Face Amount Allocation x Base Enhancement Percentage)

+

(Term Rider Selected Face Amount Allocation x Term Enhancement Percentage)]

x

[Sum of all premiums paid, less the sum of all withdrawals, and less any Policy Debt]

= [(0.75 x 7.84%)

+

(0.25 x 3.92%)]

x

[200,000]

= 6.86%

x

$200,000

= $13,720.00 Cash Surrender Value Enhancement Benefit

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[Back to **Table of Contents**](#TOC_1015)

***Example of Cash Surrender Value Enhancement Rider Charge Calculation***

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Total Rider Charge: Deducted from each premium payment\*

---

| | | |
|:---|:---|:---|
| **Policy Year**  | **Base Selected Face Amount**<br>**Percentage Charge** | **Term Rider Selected Face**<br>**Amount Percentage Charge** |
| 2  | 0.50% | 0.50% |

---

*\* Rider charge assessed in Policy Years 1–7.*

In this example, we will assume the following:

• A $50,000 premium is paid in Policy Year 2.

• The Base Selected Face Amount Allocation (as a percentage of the Total Selected Face Amount) is 75%.

• The Term Rider Selected Face Amount Allocation (as a percentage of the Total Selected Face Amount) is 25%.

Using the charges in the table above and the assumptions in the example listed above, the rider charge deducted from the $50,000 premium payment is calculated as shown below:

Rider Charge =

[(Base Selected Face Amount Allocation x Base Selected Face Amount Percentage Charge)

+

(Term Rider Selected Face Amount Allocation x Term Rider Selected Face Amount Percentage Charge)]

&nbsp;&nbsp;&nbsp;&nbsp;x

[Premium Paid]

= [(0.75 x 0.50%)

+

(0.25 x 0.50%)]

x

[$50,000]

= 0.50%

x

$50,000

= $250.00 of the premium payment

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[Back to **Table of Contents**](#TOC_1015)

The SAI contains additional information about the Separate Account and the policy. The SAI is incorporated into this prospectus by reference and is legally part of this prospectus. We filed the SAI with the SEC.

This prospectus and the SAI are available online at www.MassMutual.com/Electrum-Select. For a free copy of other information about this policy, or general inquiries, you can contact our Administrative Office:

Massachusetts Mutual Life Insurance Company

BOLI/COLI Document Management Hub

1295 State Street

Springfield, MA 01111-0001

(800) 665-2654

(Fax) (860) 562-6154

(Email) BOLICOLIService@MassMutual.com

www.MassMutual.com

You can also request, free of charge, a personalized illustration of death benefits, Surrender Values, and Account Values from your registered representative or by calling our Administrative Office.

Investment Company Act file number: 811-09020

Securities Act file number: 333-259818

Class (Contract) Identifier: C000232693

IS4027

------

**STATEMENT OF ADDITIONAL INFORMATION**

**C.M. LIFE INSURANCE COMPANY**

**(Depositor)**

**C.M. LIFE VARIABLE LIFE SEPARATE ACCOUNT I**

**(Registrant)**

**C.M. Life Electrum Select<sup>SM</sup>**

**April 27, 2026**

This Statement of Additional Information (SAI) is not a prospectus. It should be read in conjunction with the statutory prospectus dated April 27, 2026, for the C.M. Life Electrum Select<sup>SM</sup> policy. The C.M. Life Electrum Select policy and its statutory prospectus may be referred to in this SAI.

For a copy of the statutory prospectus, call (800) 665-2654, visit online at www.MassMutual.com/Electrum-Select, send an email request to BOLICOLIService@MassMutual.com, or write to: Massachusetts Mutual Life Insurance Company, BOLI/COLI Document Management Hub, 1295 State Street, Springfield, Massachusetts 01111-0001.

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **SAI** | &nbsp;&nbsp;&nbsp;&nbsp; **Prospectus** |
| General Information and History ....................... | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Company ............................................  | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 16 |
| &nbsp;&nbsp;&nbsp;&nbsp; The Separate Account ................................  | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 17 |
| Services ................................................ | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |
| Additional Information About the Operation of the Policy and the Registrant ............................... | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchase of Shares in the Funds ......................  | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Annual Reports ......................................  | &nbsp;&nbsp;&nbsp;&nbsp; 2 |  |
| Underwriters ........................................... | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commissions ........................................  | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 57 |
| Additional Information ................................. | &nbsp;&nbsp;&nbsp;&nbsp; 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting Procedures .............................  | &nbsp;&nbsp;&nbsp;&nbsp; 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Purchase Plans – Reduction of Charges .......  | &nbsp;&nbsp;&nbsp;&nbsp; 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Increases in Base Selected Face Amount .............  | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 37 |
| Performance Data ...................................... | &nbsp;&nbsp;&nbsp;&nbsp; 4 |  |
| Experts ................................................ | &nbsp;&nbsp;&nbsp;&nbsp; 4 |  |
| Financial Statements ................................... | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 59 |

---

IS4027

------

**GENERAL INFORMATION AND HISTORY**

**Company**

In this Statement of Additional Information, the "Company," "we," "us," and "our" refer to C.M. Life Insurance Company (C.M. Life). C.M. Life, which was incorporated on April 25, 1980, is a wholly owned stock life insurance subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual<sup>®</sup>). C.M. Life provides life insurance and annuities to individuals and group life insurance to institutions.

MassMutual and its domestic life insurance subsidiaries provide individual and group life insurance, disability insurance, individual and group annuities and guaranteed interest contracts to individual and institutional customers in all 50 states of the U.S., the District of Columbia and Puerto Rico. Products and services are offered primarily through MassMutual's distribution channels: MassMutual Financial Advisors, MassMutual Strategic Distributors, Institutional Solutions and Worksite.

MassMutual was established on May 15, 1851 and is organized as a mutual life insurance company in Massachusetts. MassMutual's home office is located at 1295 State Street, Springfield, Massachusetts 01111-0001. C.M. Life's business address is 1295 State Street, Springfield, Massachusetts 01111-0001.

**The Separate Account**

We established C.M. Life Variable Life Separate Account I (Separate Account) as a separate account under Connecticut law on February 2, 1995. The Separate Account is registered with the SEC as a unit investment trust under the 1940 Act.

The Separate Account holds the assets that underlie the contracts (and certain other contracts that we issue), except any assets allocated to our General Account. We keep the Separate Account assets separate from the assets of our General Account and other separate accounts. The Separate Account is divided into Sub-Accounts, each of which invests exclusively in a single Fund.

We own the assets of the Separate Account. We credit gains to, or charge losses against, the Separate Account, whether or not realized, without regard to the performance of other investment accounts. The Separate Account's assets may not be used to pay any of our liabilities other than those arising from the policy (or other policies that we issue and that are funded by the Separate Account). If the Separate Account's assets exceed the required reserves and other liabilities, we may transfer the excess to our General Account. The obligations of the Separate Account are not our generalized obligations and will be satisfied solely by the assets of the Separate Account. We are obligated to pay all amounts promised to investors under the policy.

**SERVICES**

The Company holds title to the assets of the Separate Account. The Company maintains the records and accounts relating to the Guaranteed Principal Account (GPA), the Separate Account, the segment within the Separate Account established to receive and invest premium payments for the policies, and Divisions of that segment. The Company's principal business address is 1295 State Street, Springfield, Massachusetts 01111-0001.

**ADDITIONAL INFORMATION ABOUT THE OPERATION OF THE POLICY AND THE REGISTRANT**

**Purchase of Shares in the Funds**

Shares are purchased and redeemed at net asset value. Fund dividends and capital gain distributions are automatically reinvested, unless the Company, on behalf of the Separate Account, elects otherwise.

Because the underlying Funds are also offered in variable annuity contracts, it is possible that conflicts could arise between the owners of variable life insurance policies and the owners of variable annuity contracts. If a conflict exists, the Fund's board will notify the insurers and take appropriate action to eliminate the conflict. Additionally, if the insurer becomes aware of such conflicts, the insurer will work with the underlying Funds' board to resolve the conflict.

**Annual Reports**

Each year within 30 calendar days after the Policy Anniversary, we will provide the Policy Owner a report showing the following policy information:

• the Account Value at the beginning of the previous Policy Year;

• all premiums paid since that time;

• all additions to and deductions from the Account Value during the Policy Year; and

• the Account Value, death benefit, Surrender Value and Policy Debt as of the current Policy Anniversary.

This report may contain additional information if required by any applicable law or regulation.

------

**UNDERWRITERS**

The policies are sold by both registered representatives of MML Investors Services, LLC (MMLIS), a subsidiary of MassMutual, and by registered representatives of other broker-dealers who have entered into distribution agreements with MML Distributors, LLC (MML Distributors), a subsidiary of MassMutual. Pursuant to separate underwriting agreements with MassMutual, on its own behalf and on behalf of the Separate Account, MMLIS serves as principal underwriter of the policies sold by its registered representatives, and MML Distributors serves as principal underwriter for the policies sold by registered representatives of other broker-dealers who have entered into distribution agreements with MML Distributors.

MMLIS and MML Distributors are located at 1295 State Street, Springfield, MA 01111-0001. MMLIS and MML Distributors are registered with the SEC as broker-dealers under the Securities Exchange Act of 1934 and are members of the Financial Industry Regulatory Authority (FINRA).

During the last three years, MMLIS and MML Distributors were paid the compensation amounts shown below for their actions as principal underwriters for the policies described in the statutory prospectus.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Year** | &nbsp;&nbsp;&nbsp;&nbsp; **MMLIS** | &nbsp;&nbsp;&nbsp;&nbsp; **MML Distributors** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | &nbsp;&nbsp;&nbsp;&nbsp; $452410 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | &nbsp;&nbsp;&nbsp;&nbsp; $332806 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 | &nbsp;&nbsp;&nbsp;&nbsp; $198360 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |

---

The offering is on a continuous basis.

**Commissions**

Commissions for sales of the policies by MMLIS registered representatives are paid by MassMutual on behalf of MMLIS to its registered representatives. Commissions for sales of the policies by registered representatives of other broker-dealers are paid by MassMutual on behalf of MML Distributors to those broker-dealers.

During the last three years, commissions as described in the statutory prospectus were paid by MassMutual through MMLIS and MML Distributors as shown below.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Year** | &nbsp;&nbsp;&nbsp;&nbsp; **MMLIS** | &nbsp;&nbsp;&nbsp;&nbsp; **MML Distributors** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | &nbsp;&nbsp;&nbsp;&nbsp; $2171396 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | &nbsp;&nbsp;&nbsp;&nbsp; $1574035 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 | &nbsp;&nbsp;&nbsp;&nbsp; $1556000 | &nbsp;&nbsp;&nbsp;&nbsp; $0 |

---

MML Distributors has selling agreements with other broker-dealers that are registered with the SEC and are members of FINRA (''selling brokers''). We sell the policy through agents who are licensed by state insurance officials to sell the policy and are registered representatives of a selling broker.

We also may contract with independent third party broker-dealers who may assist us in finding broker-dealers to offer and sell the policies. These third parties also may provide training, marketing and other sales related functions for us and other broker-dealers. And they may provide certain administrative services to us in connection with the policies.

Agents or selling brokers who sell the policies receive commissions as a percentage of premiums paid as well as a percentage of the annual policy Account Value. General agents may also receive compensation as a percentage of premium paid. Commissions paid will not exceed 26% of premiums, plus 0.10% of the policy's average annual Account Value.

We may compensate agents who have financing agreements with general agents of MassMutual differently. Agents who meet certain productivity and persistency standards in selling MassMutual policies are eligible for additional compensation. General agents and district managers who are registered representatives also may receive commission overrides, allowances and other compensation.

Agents and general agents may receive commissions at lower rates on policies sold to replace existing insurance issued by MassMutual or any of its subsidiaries.

We may pay independent, third party broker-dealers who assist us in finding broker-dealers to offer and sell the policies compensation based on premium payments for the policies. In addition, some sales personnel may receive various types of non-cash compensation as special sales incentives, including trips and educational and/or business seminars.

While the compensation we pay to broker-dealers for sales of policies may vary with the sales agreement and level of production, the compensation generally is expected to be comparable to the aggregate compensation we pay to agents and general agents. However, from time to time, MML Distributors may enter into special arrangements with certain broker-dealers. These special

------

arrangements may provide for the payment of higher compensation to such broker-dealers and registered representatives for selling the policies.

**ADDITIONAL INFORMATION**

**Underwriting Procedures**

Underwriting is prescribed at the group level, based on analysis of the group's characteristics. A Case may be assigned either Full Underwriting, Simplified Issue Underwriting or Guaranteed Issue Underwriting. Current cost of insurance charges will vary by the type of underwriting performed.

The maximum cost of insurance charges are based on the 2017 Commissioners' Standard Ordinary Mortality Table, male or female, the non-smoker or smoker table, and age of the Insured on his/her last birthday. For policies issued on a unisex basis, these rates are calculated using the 2017 Commissioners' Standard Ordinary Mortality Table, 80% male, the non-smoker or smoker table, and age of the Insured on his/her last birthday.

**Special Purchase Plans — Reduction of Charges**

We may reduce or eliminate certain charges (sales load, administrative charge, cost of insurance charge, or other charges) where the size or nature of the group results in savings in sales, underwriting, administrative or other costs, to us. These charges may be reduced in certain groups, sponsored arrangements or special exchange programs made available by us. Eligibility for reduction in charges and the amount of any reduction is determined by a number of factors, including:

• the number of Insureds;

• the total premium expected to be paid;

• total assets under management for the Policy Owner;

• the nature of the relationship among individual Insureds;

• the purpose for which the policies are being purchased; and

• the expected persistency of individual policies.

The extent and nature of reductions may change from time to time. The charge structure may vary. Variations are determined in a manner not unfairly discriminatory to Policy Owners which reflects differences in costs of services.

**Increases in Base Selected Face Amount**

Additional coverage acquired in accordance with an increase in Base Selected Face Amount will incur cost of insurance charges on the same basis as the original contract. Following an increase in Base Selected Face Amount, cash values and premium payments are applied to the total contract, with no distinct assignment to the original contract and the increased portion.

**PERFORMANCE DATA**

From time to time, we may report actual historical performance of the investment Funds underlying each Separate Account Division. These returns will reflect the Fund operating expenses but they will not reflect the mortality and expense risk charge, any deductions from premiums, monthly charges assessed against the Account Value of the policy, or other policy charges. If these expenses and charges were deducted, the rates of return would be significantly lower.

The rates of return we report will not be illustrative of how actual investment performance will affect the benefits under the policy. Neither are they necessarily indicative of future performance. Actual rates may be higher or lower than those reported.

We currently post investment performance reports for the underlying Funds available in the C.M. Life Electrum Select product on our website at www.MassMutual.com. You can also request a copy of the most recent report from your registered representative or by calling our Administrative Office at (800) 665-2654, Monday – Friday, 8 AM to 5 PM Eastern Time. Questions about the information in these reports should be directed to your registered representative.

We may also distribute sales literature that includes historical performance of broad market indices, such as the Standard & Poor's 500 Stock Index<sup>®</sup> and the Dow Jones Industrial Average. These indices are provided for informational purposes only.

**EXPERTS**

The financial statements of C.M. Life Variable Life Separate Account I as of December 31, 2025 and for each of the years in the two-year period then ended and the financial highlights for each of the years in the five-year period then ended and the statutory financial statements of C.M. Life Insurance Company (the Company) as of December 31, 2025 and 2024, and for each of the years in

------

the three-year period ended December 31, 2025, each have been included in this Statement of Additional Information herein in reliance upon the reports of KPMG LLP, an independent registered public accounting firm, each of which are also included herein, and upon the authority of said firm as experts in accounting and auditing. KPMG LLP's report, dated February 26, 2026, states that the Company prepared its financial statements using statutory accounting practices prescribed or permitted by the State of Connecticut Insurance Department (statutory accounting practices), which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, KPMG LLP's report states that the financial statements of the Company are not intended to be and, therefore, are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with the statutory accounting practices. The principal business address of KPMG LLP is One Financial Plaza, 755 Main Street, Hartford, Connecticut 06103.

**FINANCIAL STATEMENTS**

The December 31, 2025 financial statements of C.M. Life Variable Life Separate Account I and the December 31, 2025 financial statements of C.M. Life Insurance Company are incorporated into this SAI by reference to C.M. Life Variable Life Separate Account I's most recent Form N-VPFS ("[Form N-VPFS](https://www.sec.gov/Archives/edgar/data/943863/000113322826003890/mmsvulcm-efp18393_nvpfs.htm)") filed with the SEC.

IS4027

------

**PART C OTHER INFORMATION**

**Item 30. Exhibits**

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Exhibit (a)** | [Resolution of Board of Directors of C.M. Life Insurance Company, authorizing the establishment of the Separate Account – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99a.htm) | [Resolution of Board of Directors of C.M. Life Insurance Company, authorizing the establishment of the Separate Account – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99a.htm) | [Resolution of Board of Directors of C.M. Life Insurance Company, authorizing the establishment of the Separate Account – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99a.htm) |
| &nbsp;&nbsp; **Exhibit (b)** | Not Applicable. | Not Applicable. | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (c)** | i. | [Underwriting and Servicing Agreement dated December 16, 2014 by and between MML Investors Services, LLC and C.M. Life Insurance Company – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99ci.htm) | [Underwriting and Servicing Agreement dated December 16, 2014 by and between MML Investors Services, LLC and C.M. Life Insurance Company – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99ci.htm) |
|  | ii. | [Underwriting and Servicing Agreement (Distribution Servicing Agreement) dated December 16, 2014 between MML Distributors, LLC and C.M. Life Insurance Company – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99cii.htm) | [Underwriting and Servicing Agreement (Distribution Servicing Agreement) dated December 16, 2014 between MML Distributors, LLC and C.M. Life Insurance Company – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99cii.htm) |
|  | iii. | [Template for Insurance Products Distribution Agreement (Version 04/15) (MML Distributors, LLC, Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930ciii.htm) | [Template for Insurance Products Distribution Agreement (Version 04/15) (MML Distributors, LLC, Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930ciii.htm) |
| &nbsp;&nbsp; **Exhibit (d)** | i. | [Flexible Premium Adjustable Variable Life Insurance Policy – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99di.htm) | [Flexible Premium Adjustable Variable Life Insurance Policy – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99di.htm) |
|  | ii. | [Cash Surrender Value Enhancement Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99dii.htm) | [Cash Surrender Value Enhancement Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99dii.htm) |
|  | iii. | [Overloan Protection Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99diii.htm) | [Overloan Protection Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99diii.htm) |
|  | iv. | [Supplemental Monthly Term Insurance Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99div.htm) | [Supplemental Monthly Term Insurance Rider – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99div.htm) |
| &nbsp;&nbsp; **Exhibit (e)** | i. | [Individual Life Application – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99ei.htm) | [Individual Life Application – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99ei.htm) |
|  | ii. | [Individual Life Insurance Policy Change Form – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99eii.htm) | [Individual Life Insurance Policy Change Form – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99eii.htm) |
| &nbsp;&nbsp; **Exhibit (f)** | i. | [Charter documentation of C.M. Life Insurance Company as approved April 25, 1980 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99fi.htm) | [Charter documentation of C.M. Life Insurance Company as approved April 25, 1980 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99fi.htm) |
|  | ii. | [By-Laws of C.M. Life Insurance Company – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99fii.htm) | [By-Laws of C.M. Life Insurance Company – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99fii.htm) |
| &nbsp;&nbsp; **Exhibit (g)** | Reinsurance Contracts | Reinsurance Contracts | Reinsurance Contracts |
|  | i. | Hannover Life Reassurance Company of America | Hannover Life Reassurance Company of America |
|  |  | [Automatic and Facultative YRT Agreement effective January 1, 2023 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99gia.htm) | [Automatic and Facultative YRT Agreement effective January 1, 2023 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99gia.htm) |
|  |  | [Amendment effective July 1, 2024 – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99giai.htm) | [Amendment effective July 1, 2024 – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99giai.htm) |
|  |  | [Amendment effective February 6, 2024 (\*)](cmes-efp18281_ex99giaii.htm) | [Amendment effective February 6, 2024 (\*)](cmes-efp18281_ex99giaii.htm) |
|  |  | Amendment effective January 1, 2025 – Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement File No. 333-229670 filed on or about April 24, 2026 | Amendment effective January 1, 2025 – Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement File No. 333-229670 filed on or about April 24, 2026 |
|  | ii. | Munich Reinsurance America, Inc. | Munich Reinsurance America, Inc. |
|  |  | [Automatic and Facultative YRT Agreement effective July 1, 2024 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99giia.htm) | [Automatic and Facultative YRT Agreement effective July 1, 2024 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99giia.htm) |
|  | iii. | Swiss Re Life & Health America, Inc. | Swiss Re Life & Health America, Inc. |
|  |  | [Automatic and Facultative YRT Agreement effective January 1, 2023 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99giia.htm) | [Automatic and Facultative YRT Agreement effective January 1, 2023 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99giia.htm) |
| &nbsp;&nbsp; **Exhibit (h)** | i. | Participating, Selling, Servicing Agreements | Participating, Selling, Servicing Agreements |
|  |  | AIM Funds (Invesco Funds) | AIM Funds (Invesco Funds) |
|  |  | [Participation Agreement dated April 30, 2004 (AIM Variable Insurance Funds, Inc., A I M Distributors, Inc. and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hia1.htm) | [Participation Agreement dated April 30, 2004 (AIM Variable Insurance Funds, Inc., A I M Distributors, Inc. and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hia1.htm) |
|  |  | i. | [Amendment No. 1 dated April 30, 2010 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hia1i.htm) |
|  |  | ii. | [Amendment No. 2 effective May 24, 2019 (MML Bay State Life Insurance Company becomes a party) – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex99hia1.htm) |
|  |  | iii. | [Amendment dated May 3, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hia1iii.htm) |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

2. [Financial Support Agreement dated October 1, 2016 (Invesco Distributors, Inc. and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 21 to Registration Statement File No. 333-49457 filed April 26, 2017](https://www.sec.gov/Archives/edgar/data/943863/000119312517139636/d291081dex9926hia.htm)

i. [Amendment No. 1 effective May 24, 2019 – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hia2i.htm)

ii. [Amendment No. 2 effective April 1, 2022 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hia2ii.htm)

3. [Administrative Services Agreement dated October 1, 2016 (Invesco Advisers, Inc. and C.M. Life Insurance Company and MML Bay State Life Insurance Company becomes a party) – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hia3.htm)

i. [Amendment No. 1 effective May 24, 2019 – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex99hia3.htm)

b. American
 Funds <sup>®</sup> Funds

1. [Participation Agreement dated as of March 7, 2003 (American Funds Insurance Series, Capital Research and Management Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hic1.htm)

i. [Amendment dated as of May 1, 2006 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hic1i.htm)

ii. [Amendment No. 2 dated as of April 30, 2010 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hic1ii.htm)

iii. [Amendment No. 3 dated as of December 1, 2020 – Incorporated by reference to Post-Effective Amendment No. 26 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex-hic1.htm)

iv. [Amendment No. 4 dated as of September 15, 2021 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hic1iv.htm)

v. [Amendment No. 5 dated as of April 2, 2024 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hib1v.htm)

2. [Business Agreement dated as of March 7, 2003 (C.M. Life Insurance Company, MML Distributors, LLC, American Funds Distributors, Inc. and Capital Research and Management Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hic2.htm)

i. [First amendment effective May 1, 2013 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hic2i.htm)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ii. [Second amendment dated as of September 1, 2014 – Incorporated by reference to Post-Effective Amendment No. 34 to Registration Statement File No. 333-50410 filed April 21, 2022](https://www.sec.gov/Archives/edgar/data/836249/000113322822002258/app10035493x1_ex99ic2ii.htm)

iii. [Third amendment dated as of April 2, 2024 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hib2iii.htm)

c. BlackRock
 Funds

1. [Participation Agreement dated as of February 1, 2017, as amended (BlackRock Variable Series Funds, Inc., BlackRock Investments, LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hic1.htm)

i. [First Amendment effective September 17, 2018 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed April 26, 2019](https://www.sec.gov/Archives/edgar/data/836249/000114420419021354/a19-6022_33ex99d26hidcd1d.htm)

ii. [Second Amendment effective October 1, 2020 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-215823 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056487/tm2035266d1_ex-hic1.htm)

iii. [Third Amendment effective as of April 1, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hid1iii.htm)

iv. [Fourth Amendment effective as of November 1, 2021 adding C.M. Life Insurance Company, as a party – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid1v.htm)

v. [Amendment regarding Rules 30e-3 and 498A as of April 1, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid1iv.htm)

2. [Administrative Services Agreement dated as of February 1, 2017 (BlackRock Advisors, LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hic2.htm)

i. [First Amendment effective September 17, 2018 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed April 26, 2019](https://www.sec.gov/Archives/edgar/data/836249/000114420419021354/a19-6022_33ex99d26hidcd2d.htm)

ii. [Second Amendment effective November 1, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid2ii.htm)

3. [Distribution & Marketing Support Agreement effective February 1, 2017 (BlackRock Advisors, LLC, Massachusetts Mutual Life Insurance Company, MML Investors Services, LLC and MML Distributors, LLC) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hic3.htm)

i. [First Amendment effective September 17, 2018 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed April 26, 2019](https://www.sec.gov/Archives/edgar/data/836249/000114420419021354/a19-6022_33ex99d26hidcd1d.htm)

ii. [Second Amendment effective as of November 1, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid3ii.htm)

4. [Distribution Sub-Agreement dated as of April 1, 2021 (Blackrock Variable Series Funds, Inc. and BlackRock Variable Series Funds II, Inc. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-215823 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056487/tm2035266d1_ex-hic4.htm)

i. [First Amendment effective as of April 23, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid4i.htm)

ii. [Second Amendment effective November 1, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hid4ii.htm)

d. BNY
 Funds (formerly Dreyfus Funds)

1. [Fund Participation Agreement dated as of January 1, 2017 (Each Participating Fund, The Corporation including MBSC Securities Corporation and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hie1.htm)

i. [Amendment No. 1 dated September 22, 2021 (adding C.M. Life Insurance Company as a party) – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hie2i.htm)

2. [Administrative Services Agreement effective as of January 1, 2017 (The Dreyfus Corporation and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hie2.htm)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

i. [Amendment No. 1 dated September 22, 2021 (adding C.M. Life Insurance Company as a party) – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hie2i.htm)

3. [Distribution Advanced Market Letter Agreement dated January 1, 2017 (MBSC Securities Corporation, Massachusetts Mutual Life Insurance Company, MML Investors Services, LLC and MML Distributors, LLC) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hie3.htm)

i. [Amendment No. 1 dated September 22, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hie3i.htm)

e. Delaware
 Funds

1. [Participation Agreement dated as of October 10, 2016 (Delaware VIP Trust, Delaware Management Company, Delaware Distributors, L.P. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hid1.htm)

i. [First Amendment dated December 11, 2020 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-215823 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056487/tm2035266d1_ex-hid1.htm)

ii. [Amendment as of January 1, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hif1ii.htm)

iii. [Amendment No. 2 dated October 20, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hif1iii.htm)

iv. [Amendment No. 3 dated July 25, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hie1iv.htm)

2. [Service Agreement dated as of October 10, 2016 (Delaware Distributors L.P. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hid2.htm)

i. [First Amendment dated December 11, 2020 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-215823 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056487/tm2035266d1_ex-hid1.htm)

ii. [Amendment No. 2 dated October 20, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hif1iii.htm)

iii. [Amendment No. 3 dated July 25, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hie2iii.htm)

3. [Delaware Funds Dealer's Agreement dated October 24, 2016 (Delaware Distributors L.P. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hid3.htm)

i. [First Amendment No. 2 dated October 20, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hif3i.htm)

f. Dimensional
 Funds

1. [Participation Agreement dated as of January 27, 2021 (DFA Investment Dimensions Group Inc, Dimensional Fund Advisors LP, DFA Securities LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hig1.htm)

i. [Amendment effective as of July 1, 2021 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hig1i.htm)

ii. [Joinder  dated August 23, 2021 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hig1ii.htm)

g. Eaton
 Vance Funds

1. [Participation Agreement dated as of January 30, 2017 (Eaton Vance Variable Trust, Eaton Vance Distributors, Inc. and Massachusetts Mutual Life Insurance Company and its Separate Accounts) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hif1.htm)

i. [First Amendment dated December 14, 2020 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-215823 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056487/tm2035266d1_ex-hif1.htm)

ii. [Amendment No. 2 dated August 10, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hih1ii.htm)

iii. [Amendment No. 3 dated July 14, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hig1iii.htm)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

2. [Shareholder Servicing Agreement dated as of January 30, 2017 (Eaton Vance Variable Trust and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hif2.htm)

i. [Amendment No. 1 dated August 10, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hih2i.htm)

h. Fidelity
 Funds

1. [Amended and Restated Participation Agreement dated September 28, 2021 (Fidelity Distributors Company, LLC, Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV and Variable Insurance Products Fund V and C.M. Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hii1.htm)

i. [First Amendment dated September 28, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hii1i.htm)

ii. [Second Amendment effective August 7, 2023 – Incorporated by reference to Initial Registration Statement File No. 333-274306 filed September 1, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823005287/mmavcm-html6678_ex99hid1ii.htm)

2. [Summary Prospectus Agreement effective May 1, 2011 (Fidelity Distributors Corporation and Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company, and MML Bay State Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hii2.htm)

3. [Service Contract dated January 1, 2004 (MML Investors Services, LLC, MML Strategic Distributors, LLC, and MML Distributors, LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hig3.htm)

i. [First Amendment dated October 1, 2008 – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hig3a.htm)

ii. [Second Amendment dated May 22, 2017 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hib3ii.htm)

iii. [Third Amendment dated November 1, 2018 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hii3i.htm)

iv. [Fourth Amendment dated September 28, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hib3iv.htm)

4. [Service Agreement effective September 28, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hii4.htm)

i. Franklin
 Templeton Funds

1. [Participation Agreement dated as of May 1, 2000 (Franklin Templeton Variable Insurance Products Trust, Franklin Templeton Distributors, Inc. Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company and MML Bay State Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1.htm)

i. [Amendment effective April 15, 2001 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1i.htm)

ii. [Amendment No. 2 effective May 1, 2003 (MML Distributors, LLC becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1ii.htm)

iii. [Amendment No. 3 effective June 5, 2007 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1iii.htm)

iv. [Amendment No. 4 dated October 25, 2010 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1iv.htm)

v. [Addendum effective as of March 20, 2012 (with MML Distributors, LLC) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1v.htm)

vi. [Amendment effective as of January 15, 2013 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hij1vi.htm)

vii. [Amendment No. 6 executed as of August 6, 2014 – Incorporated by reference to Pre-Effective Amendment No. 1 Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hij1vii.htm)

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viii. [Amendment No. 7 dated July 1, 2016 – Incorporated by reference to Post-Effective Amendment No. 21 to Registration Statement File No. 333-49457 filed April 26, 2017](https://www.sec.gov/Archives/edgar/data/943863/000119312517139636/d291081dex9926hif.htm)

ix. [Amendment No. 8 dated September 8, 2020 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex-hif1.htm)

x. [Amendment dated as of June 25, 2021 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hii1x.htm)

xi. [Amendment as of September 1, 2022 regarding Rules 30e-3 and 498A – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij1x.htm)

xii. [Amendment No. 11 effective July 25, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hii1xii.htm)

2. [Administrative Services Agreement dated May 1, 2002 (Franklin Templeton Services, LLC, Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company and MML Bay State Life Insurance Company – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij2.htm)

i. [Amendment No. 1 dated August 10, 2005 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij2i.htm)

ii. [Amendment No. 2 dated December 28, 2007 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij2ii.htm)

iii. [Amendment No. 3 dated October 14, 2016 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij2iii.htm)

iv. [Amendment No. 4 dated September 8, 2020 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex-hif2.htm)

v. [Amendment No. 5 executed October 4, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hij2v.htm)

vi. [Amendment dated August 17, 2022 – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hij2vi.htm)

vii. [Amendment No. 7 executed as of June 25, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hii2vii.htm)

j. Goldman
 Sachs Funds

1. [Participation Agreement dated as of November 1, 1999 (Goldman Sachs Variable Insurance Trust, Goldman Sachs & Co. and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hik1.htm)

i. [Amendment No. 1 effective May 1, 2000 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hik1i.htm)

ii. [Amendment No. 2 effective April 15, 2001 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hik1ii.htm)

iii. [Amendment No. 3 effective April 6, 2011 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hik1iii.htm)

iv. [Amendment No. 4, dated September 28, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hik1iv.htm)

v. [Amendment Regarding Rules 30e-3 and 498A, dated September 28, 2021 – Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed April 28, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99hik1v.htm)

2. [Administrative Services Agreement dated November 1, 1999 (Goldman, Sachs & Co. and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hik2.htm)

3. [Service Class Service Agreement dated September 28, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hik3.htm)

k. Ivy
 Funds

1. [Participation Agreement dated as of October 25, 2012 (Waddell & Reed, Inc., Ivy Funds Variable Insurance Portfolios and Massachusetts Mutual Life Insurance Company) and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hil1.htm)

i. [First Amendment dated January 18, 2013 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hil1i.htm)

ii. [Second Amendment dated June 12, 2015 – Incorporated by reference to Pre-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic1ii.htm)

iii. [Third Amendment dated February 18, 2016 – Incorporated by reference to Post-Effective Amendment No. 3 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic1iii.htm)

iv. [Fourth Amendment dated October 1, 2016 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic1iv.htm)

v. [Fifth Amendment dated March 1, 2017 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic1v.htm)

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vi. [Sixth Amendment dated May 1, 2021 regarding Rules 30e-3 and 498a – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-112626 filed January 27, 2022](https://www.sec.gov/Archives/edgar/data/1052766/000114036122002851/nc10028323x1_ex9927hic1vi.htm)

vii. [Seventh Amendment dated October 20, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-112626 filed January 27, 2022](https://www.sec.gov/Archives/edgar/data/1052766/000114036122002851/nc10028323x1_ex9927hic1vii.htm)

2. [Services Agreement dated October 25, 2012 by and among Waddell & Reed, Inc., Massachusetts Mutual Life Insurance Company and MML Distributors, LLC – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic2.htm)

i. [Amendment No. 1 effective April 1, 2014 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic2i.htm)

ii. [Amendment No. 2 effective April 15, 2015 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic2ii.htm)

iii. [Amendment No. 3 dated October 1, 2016 – Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement File No. 333-206438 filed November 15, 2021](https://www.sec.gov/Archives/edgar/data/836249/000114036121037839/nc10028325x1_ex9930hic2iii.htm)

iv. [Amendment No. 4 dated October 20, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Post-Effective Amendment No. 35 to Registration Statement File No. 333-112626 filed January 27, 2022](https://www.sec.gov/Archives/edgar/data/1052766/000114036122002851/nc10028323x1_ex9927hic2.htm)

l. Janus
 Aspen Funds (Institutional)

1. [Amended and Restated Participation Agreement dated August 7, 2023 (Janus Aspen Series and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement File No. 333-274306 filed September 1, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823005287/mmavcm-html6678_ex99hif1.htm)

i. [Amendment Regarding Revocation of Rule 30e-3 dated November 4, 2024 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-274306 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004351/mmavcm-efp9392_ex99hie1i.htm)

ii. [Amendment dated February 17, 2026 (\*)](cmes-efp18281_ex99hil2.htm)

2. [Janus Henderson Amended and Restated Administrative Services Letter dated August 7, 2023 (Janus Henderson Investors USLLC and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement File No. 333-274306 filed September 1, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823005287/mmavcm-html6678_ex99hif2.htm)

m. Lincoln
 Funds

1. [Fund Participation Agreement as of May 1, 2023 (Lincoln Variable Insurance Products Trust, Lincoln Financial Distributors, Inc., Lincoln Investment Advisors Corporation, Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) –Incorporated by reference to Post-Effective Amendment No. 13 to Registration Statement No. 333-215823 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/836249/000113322823002846/app10048736x1_ex99hik1.htm)

i. [Amendment effective April 29, 2024 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hil1i.htm)

ii. [Amendment No. 2 dated August 1, 2025 (\*)](cmes-efp18281_ex99him1ii.htm)

2. [Administrative Services Agreement as of May 1, 2023 (Lincoln Investment Advisors Corporation, Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 13 to Registration Statement No. 333-215823 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/836249/000113322823002846/app10048736x1_ex99hik2.htm)

i. [First Amendment to Administrative Services Agreement effective April 29, 2024 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hil2i.htm)

ii. [Second Amendment to Administrative Services Agreement effective August 1, 2025 (\*)](cmes-efp18281_ex99him2ii.htm)

3. [Distribution Services Agreement as of April 29, 2024 (Lincoln Financial Distributors, Inc., MML Investors Services, LLC and MML Strategic Distributors, LLC) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hil3.htm)

n. Lord
 Abbett Series Funds

1. [Fund Participation Agreement as of February 7, 2017 (Lord Abbett Series Fund, Inc., Lord Abbett Distributor LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hil1.htm)

i. [Amendment No. 1 dated September 20, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hin1i.htm)

2. [Service Agreement dated as of February 7, 2017 (Lord Abbett Series Fund, Inc. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hil2.htm)

i. [Amendment No. 1 dated September 20, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hin2i.htm)

3. [Administrative Services Agreement dated as of February 7, 2017 (Lord Abbett Series Fund, Inc. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hil3.htm)

i. [Amendment No. 1 dated September 20, 2021 (C.M. Life Insurance Company becomes a party to the Agreement) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hin3i.htm)

o. MFS <sup>®</sup> Funds

1. [Amended and Restated Participation Agreement dated October 1, 2016 (MFS <sup>®</sup> Variable Insurance Trust, MFS <sup>®</sup> Variable Insurance Trust II, MFS <sup>®</sup> Variable Insurance Trust III, MFS <sup>®</sup> Fund Distributors, Inc. and C.M Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 21 to Registration Statement File No. 333-49457 filed April 26, 2017](https://www.sec.gov/Archives/edgar/data/943863/000119312517139636/d291081dex9926hij.htm)

i. [Amendment dated September 7, 2021 – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hio1i.htm)

2. [Shareholder Services Letter Agreement (re Administrative Services) dated October 1, 2016 (MFS Variable Insurance Trust, MFS Variable Insurance Trust II, MFS Variable Insurance Trust III, MFS Fund Distributors, Inc. and C.M Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hio2.htm)

p. MML
 Funds

1. [Participation Agreement dated August 15, 2008 (MML Series Investment Fund, American Funds Insurance Series, Capital Research and Management Company, and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hip1.htm)

i. [First Amendment to Participation Agreement effective March 17, 2017 (\*)](cmes-efp18281_ex99hip1i.htm)

ii. [Second Amendment to Participation Agreement effective March 31, 2026 (\*)](cmes-efp18281_ex99hip1ii.htm)

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2. [Participation Agreement dated November 17, 2005 (MML Series Investment Fund, Massachusetts Mutual Life Insurance Company and MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1.htm)

i. [First Amendment effective November 17, 2005 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1a.htm)

ii. [Second Amendment dated as of August 26, 2008 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1b.htm)

iii. [Third Amendment dated April 9, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1c.htm)

iv. [Fourth Amendment dated and effective July 23, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1d.htm)

v. [Fifth Amendment dated August 28, 2012 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1e.htm)

vi. [Sixth Amendment dated April 1, 2014 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1f.htm)

vii. [Seventh Amendment dated August 11, 2015 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hic1g.htm)

viii. [Eighth Amendment dated February 20, 2020 – Incorporated by reference to Post-Effective Amendment No. 7 to Registration Statement File No. 333-202684 filed April 28, 2020](https://www.sec.gov/Archives/edgar/data/1052766/000110465920052022/tm1924860d1_ex99-24b8id.htm)

ix. [Ninth Amendment dated June 2, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-255824 filed August 24, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000110465921108882/tm218782d9_exhie2i.htm)

q. MML
 II Funds

1. [Participation Agreement dated November 17, 2005 (MML Series Investment Fund II, Massachusetts Mutual Life Insurance Company and MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1.htm)

i. [First Amendment effective November 17, 2005 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1a.htm)

ii. [Second Amendment dated as of August 26, 2008 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1b.htm)

iii. [Third Amendment dated as of April 9, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1c.htm)

iv. [Fourth Amendment dated and effective July 23, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1d.htm)

v. [Fifth Amendment dated August 1, 2011 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1e.htm)

vi. [Sixth Amendment dated and effective August 28, 2012 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1f.htm)

vii. [Seventh Amendment dated and effective November 12, 2012 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1g.htm)

viii. [Eighth Amendment dated April 1, 2014 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1h.htm)

ix. [Ninth Amendment dated August 11, 2015 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hid1i.htm)

x. [Tenth Amendment dated February 20, 2020 – Incorporated by reference to Post-Effective Amendment No. 7 to Registration Statement File No. 333-202684 filed April 28, 2020](https://www.sec.gov/Archives/edgar/data/1052766/000110465920052022/tm1924860d1_ex99-24b8ie.htm)

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xi. [Eleventh Amendment dated June 2, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-255824 filed August 24, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000110465921108882/tm218782d9_exhif1k.htm)

r. PIMCO
 Funds

1. [Participation Agreement dated as of April 21, 2006 (Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company and PIMCO Variable Insurance Trust and Allianz Global Investors Distributors LLC) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie1.htm)

i. [Amendment No. 1 effective as of June 30, 2008 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie1a.htm)

ii. [New Agreements and Amendments dated November 10, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie1b.htm)

iii. [Amendment effective as of May 1, 2011 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie1c.htm)

iv. [Amendment signed March 1, 2017 – Incorporated by reference to Post-Effective Amendment No. 18 to Registration Statement File No. 333-95845 filed April 26, 2017](https://www.sec.gov/Archives/edgar/data/928407/000119312517139512/d307514dex998i.htm)

2. [Termination Agreement dated November 10, 2010 – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie1b.htm)

3. [Selling Agreement executed on April 26, 2006 (Allianz Global Investors Distributors LLC, Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) for Advisor Class Shares of PIMCO Variable Insurance Trust – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hie2.htm)

4. [Services Agreement (Trust) for PIMCO Variable Insurance Trust effective as of March 1, 2017 (Pacific Investment Management Company LLC, Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hiq5.htm)

i. [Amendment No. 1 dated November 1, 2020 – Incorporated by reference to Post-Effective Amendment No. 18 to Registration Statement File No. 333-150916 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/836249/000110465921056469/tm2035263d1_ex-hie3.htm)

s. Schwab
 Funds

1. [Form of Participation Agreement (C.M. Life Insurance Company, Schwab Annuity Portfolios, and Charles Schwab & Co., Inc.) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hir1.htm)

t. T.
 Rowe Price Funds

1. [Participation Agreement dated as of June 1, 1998 (T. Rowe Price Equity Series, Inc., T. Rowe Price Investment Services, Inc. and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1.htm)

i. [Amendment effective December 15, 1999 (T. Rowe Price Fixed Income Series, Inc., becomes a party), – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1i.htm)

ii. [Amendment effective May 1, 2003 – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1ii.htm)

iii. [Amendment effective May 1, 2006 – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1iii.htm)

iv. [Amendment effective January 7, 2008 – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1iv.htm)

v. [Amendment effective March 21, 2013 – Incorporated by reference to Initial Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99his1v.htm)

vi. [Amendment dated December 9, 2021 – Incorporated by reference to Post-Effective Amendment No. 27 to Registration Statement File No. 333-49457 filed April 21, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002734/app10032344x1_ex99his1vi.htm)

vii. [Amendment dated April 7, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement No. 333-259818 filed April 25, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823002832/app10048719x1_ex99hir1vii.htm)

2. [Administrative Fee Letter Agreement effective May 1, 2024 (T. Rowe Price Services, Inc. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99his2.htm)

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3. [Supplement to the Variable Insurance Portfolio Administrative Fee Agreement dated May 1, 2024 (T. Rowe Price Associates, Inc. and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99his3.htm)

4. [Distribution Services Agreement dated September 1, 2016 among T. Rowe Price Investment Services, Inc., Massachusetts Mutual Life Insurance Company MML Investors Services, LLC and MML Distributors, LLC. – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99his3.htm)

i. [Amendment dated December 9, 2021 – Incorporated by reference to Post-Effective Amendment No. 27 to Registration Statement File No. 333-49457 filed April 21, 2022](https://www.sec.gov/Archives/edgar/data/943863/000113322822002259/app10035495x1_ex99him3i.htm)

u. TOPS
 Funds

1. [Participation Agreement dated October 9, 2020 by and among Northern Lights Variable Trust, Services, Advisers, Inc., Northern Lights Distributors, LLC and Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hit1.htm)

i. [Amendment No. 1 effective March 17, 2021 regarding Rules 30e-3 and 498A – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hit1i.htm)

ii. [Amendment No. 2 dated August 17, 2021 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hit1ii.htm)

iii. [Amendment No. 3 dated June 26, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hit1iii.htm)

v. VanEck
 VIP Trust

1. [Participation Agreement dated January 28, 2021 among VanEck VIP Trust, VanEck Securities Corporation, VanEck Associates Corportation and Massachusetts Mutual Life Insurance Company (\*)](cmes-efp18281_ex99hiv1.htm)

i. [Amendment dated June 26, 2023 (\*)](cmes-efp18281_ex99hiv1i.htm)

ii. [Amendment dated February 6, 2026 (\*)](cmes-efp18281_ex99hiv1ii.htm)

w. Vanguard
 Funds

1. [Participation Agreement dated September 16, 2021 among Vanguard Variable Insurance Fund, The Vanguard Group, Inc., Vanguard Marketing Corporation and C.M. Life Insurance Company – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hiu1.htm)

i. [Revised Schedule A effective as of June 21, 2023 – Incorporated by reference to Initial Registration Statement File No. 333-274306 filed September 1, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823005287/mmavcm-html6678_ex99hij1i.htm)

ii. [Amendment effective as of August 1, 2024 – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99hiu1ii.htm)

2. [Defined Contribution Clearance & Settlement Agreement dated June 16, 2020 among The Vanguard Group, Inc. and Massachusetts Mutual Life Insurance Company – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-229670 filed October 2, 2020](https://www.sec.gov/Archives/edgar/data/836249/000110465920111640/tm1920344d4_ex99-hig2.htm)

i. [Revised Schedule I effective as of September 16, 2021 – Incorporated by reference to Pre- Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hiu1i.htm)

ii. [Revised Schedule I effective as of June 21, 2023 – Incorporated by reference to Initial Registration Statement File No. 333-274306 filed September 1, 2023](https://www.sec.gov/Archives/edgar/data/943863/000113322823005287/mmavcm-html6678_ex99hij2ii.htm)

iii. [Revised Schedule I effective as of August 1, 2024 – Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement File No. 333-259818 filed April 25, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825004344/cmes-efp9389_ex99hiu2iii.htm)

iv. [Revised Schedule I effective as of August 11, 2025 (\*)](cmes-efp18281_ex99hiw2iv.htm)

3. [Networking Agreement dated June 16, 2020 among The Vanguard Group, Inc. and Massachusetts Mutual Life Insurance Company – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-229670 filed October 2, 2020](https://www.sec.gov/Archives/edgar/data/836249/000110465920111640/tm1920344d4_ex99-hig3.htm)

i. [Revised Schedule I effective as of September 16, 2021 – Incorporated by reference to Pre- Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99hiu1i.htm)

x. Western
 Asset Funds

1. [Participation Agreement dated December 2, 2020 (Massachusetts Mutual Life Insurance Company, Legg Mason Partners Variable Equity Trust, Legg Mason Partners Variable Income Trust, Legg Mason Investor Services, LLC, and Legg Mason Partners Fund Advisor) – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hiv.htm)

i. [Amendment No. 1 dated May 1, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hivi.htm)

ii. [Amendment No. 2 dated July 25, 2023 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-259818 filed April 25, 2024](https://www.sec.gov/Archives/edgar/data/943863/000113322824004511/cmes-html6703_ex99hivii.htm)

ii. Shareholder
 Information Agreements (Rule 22c-2 Agreements)

a. [AIM Investment Services, Inc. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiia.htm)

1. [Amendment No. 1 dated June 30, 2020 – Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement File No. 333-229670 filed October 2, 2020](https://www.sec.gov/Archives/edgar/data/836249/000110465920111640/tm1920344d4_ex99-hiia.htm)

b. [American Funds Service Company effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiic.htm)

1. [Amendment No. 1 dated August 22, 2008 – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiici.htm)

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---

| | | | |
|:---|:---|:---|:---|
|  | c. | [Delaware VIP Trust, Delaware Distributors, L.P. dated as of October 10, 2016 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hiid.htm) | [Delaware VIP Trust, Delaware Distributors, L.P. dated as of October 10, 2016 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hiid.htm) |
|  | d. | [Eaton Vance dated as of January 30, 2017 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hiif.htm) | [Eaton Vance dated as of January 30, 2017 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Pre-Effective Amendment No. 2 to Registration Statement File No. 333-215823 filed June 14, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517203509/d256121dex9926hiif.htm) |
|  | e. | [Fidelity Distributors Corporation effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiib.htm) | [Fidelity Distributors Corporation effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiib.htm) |
|  | f. | [Franklin/Templeton Distributors, Inc. effective April 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiig.htm) | [Franklin/Templeton Distributors, Inc. effective April 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiig.htm) |
|  | g. | [Goldman Sachs & Co. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiih.htm) | [Goldman Sachs & Co. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiih.htm) |
|  | h. | [Ivy Funds Variable Insurance Portfolios Amended and Restated Agreement dated November 13, 2012 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiii.htm) | [Ivy Funds Variable Insurance Portfolios Amended and Restated Agreement dated November 13, 2012 (Massachusetts Mutual Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiii.htm) |
|  | i. | [MFS<sup>®</sup> Fund Distributors, Inc. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiij.htm) | [MFS<sup>®</sup> Fund Distributors, Inc. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiij.htm) |
|  | j. | [MML Series Investment Fund effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiic.htm) | [MML Series Investment Fund effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiic.htm) |
|  | k. | [MML Series Investment Fund II effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiid.htm) | [MML Series Investment Fund II effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company, and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiid.htm) |
|  | l. | [PIMCO Variable Insurance Trust effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiie.htm) | [PIMCO Variable Insurance Trust effective October 16, 2007 (Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Post-Effective Amendment No. 28 to Registration Statement File No. 333-45039 filed June 25, 2021](https://www.sec.gov/Archives/edgar/data/1052766/000093041321001239/c101798_ex99-hiie.htm) |
|  | m. | [T. Rowe Price Services, Inc., T. Rowe Price Investment Services, Inc. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiin.htm) | [T. Rowe Price Services, Inc., T. Rowe Price Investment Services, Inc. effective October 16, 2007 (Massachusetts Mutual Life Insurance Company, MML Bay State Life Insurance Company and C.M. Life Insurance Company) – Incorporated by reference to Initial Registration Statement to Registration Statement File No. 333-259818 filed September 27, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121032606/nc10028327x1_ex99hiin.htm) |
|  |  | 1. | [Amendment dated as of March 1, 2017 (T. Rowe Price Fixed Income Series, Inc. and T. Rowe Price Equity Series, Inc. are each made a party to the agreement) – Incorporated by reference to Post-Effective Amendment No. 23 to Registration Statement File No. 333-22557 filed April 26, 2017](https://www.sec.gov/Archives/edgar/data/836249/000119312517139583/d291188dex9926hiig.htm) |
|  |  | 2. | [Amendment dated November 11, 2020 – Incorporated by reference to Post-Effective Amendment No. 26 to Registration Statement File No. 333-49457 filed April 28, 2021](https://www.sec.gov/Archives/edgar/data/943863/000110465921056474/tm2035261d1_ex-hiil.htm) |
| &nbsp;&nbsp; **Exhibit (i)** | Not Applicable. | Not Applicable. | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (j)** | Not Applicable. | Not Applicable. | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (k)** | [Opinion and Consent of Counsel – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99k.htm) | [Opinion and Consent of Counsel – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99k.htm) | [Opinion and Consent of Counsel – Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement File No. 333-259818 filed December 17, 2021](https://www.sec.gov/Archives/edgar/data/943863/000114036121042255/app10031384x1_ex99k.htm) |
| &nbsp;&nbsp; **Exhibit (l)** | Not Applicable. | Not Applicable. | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (m)** | Not Applicable. | Not Applicable. | Not Applicable. |

---

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Exhibit (n)** | i. | [Auditor Consents (\*):](cmes-efp18281_ex99ni.htm)  | [Auditor Consents (\*):](cmes-efp18281_ex99ni.htm)  |
|  |  | •  | Company Financial Statements |
|  |  | •  | Separate Account Financial Statements |
|  | ii. | a. Powers of Attorney for: | a. Powers of Attorney for: |
|  |  | •  | Roger W. Crandall |
|  |  | •  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michael J. O'Connor |
|  |  | •  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paul LaPiana |
|  |  | • | Mary Jane Fortin |
|  |  | b. Power of Attorney for: | b. Power of Attorney for: |
|  |  | •  | Gregory Giardiello |
|  |  | [– Incorporated by reference to Post-Effective Amendment No. 5 to Registration Statement File No. 333-259818 filed November 17, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825012407/cmes-efp18430_ex99niic.htm) | [– Incorporated by reference to Post-Effective Amendment No. 5 to Registration Statement File No. 333-259818 filed November 17, 2025](https://www.sec.gov/Archives/edgar/data/943863/000113322825012407/cmes-efp18430_ex99niic.htm) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Exhibit (o)** | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (p)** | Not Applicable. |
| &nbsp;&nbsp; **Exhibit (q)** | [SEC Procedures Memorandum dated April 23, 2026, describing C.M. Life Insurance Company issuance, transfer, and redemption procedures for the C. M. Life Electrum Select Policy (\*)](cmes-efp18281_ex99q.htm) |

---

(\*) Filed herewith

------

**Item 31. Directors and Officers of the Depositor**

**Directors of C.M. Life Insurance Company**

---

| | |
|:---|:---|
| *Roger W. Crandall, Director (Chairman), President, and Chief Executive Officer*<br> 1295 State Street<br> Springfield, MA 01111 | *Paul A. LaPiana, Director and Executive Vice President*<br> 1295 State Street<br> Springfield, MA 01111 |
| *Michael J. O'Connor, Director and General Counsel*<br> 1295 State Street<br> Springfield, MA 01111 | *Mary Jane Fortin, Director, Executive Vice President, and Chief Financial Officer*<br> 10 Fan Pier Boulevard<br> Boston, MA 02210 |

---

**Principal Officers of C.M. Life Insurance Company (other than those who are also Directors, as referenced above):**

---

| | |
|:---|:---|
| *Gregory Giardiello, Corporate Controller*<br> 10 Fan Pier Boulevard<br> Boston, MA 02210 | *Julieta Sinisgalli, Treasurer*<br> 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| *Tokunbo Akinbajo, Corporate Secretary* <br> 1295 State Street<br> Springfield, MA 01111 | *Eric Partlan, Executive Vice President*<br> 10 Fan Pier Boulevard<br> Boston, MA 02210 |
|  | *Dominic Blue, Executive Vice President*<br> 1295 State Street<br> Springfield, MA 01111 |

---

------

**Item 32. Persons Controlled by or Under Common Control with the Depositor or Registrant**

**MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY**

**ORGANIZATIONAL SUMMARY**

**As of 3-31-26**

**I.** **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECT SUBSIDIARIES OF MASSMUTUAL - MassMutual is the sole owner of each subsidiary unless otherwise indicated.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; C.M. Life Insurance Company (May 11, 1981), a Connecticut corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Bay State Life Insurance Company (April 1, 1935), a Connecticut corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CML Special Situations Investor LLC (November 17, 2014), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CM Life Mortgage Lending LLC (March 16, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Distributors, LLC (November 10, 1994), a Connecticut limited liability company (MassMutual – 99% and MassMutual Holding LLC – 1%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Holding LLC (November 30, 1984), a Delaware limited liability company.

*MassMutual Holding LLC is the sole owner of each subsidiary or affiliate unless otherwise indicated.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Investors Services, LLC (December 31, 1981), a Massachusetts limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Insurance Agency, LLC (November 16, 1990), a Massachusetts limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Assignment Company (October 4, 2000), a North Carolina corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Capital Partners LLC (September 20, 2006), a Delaware single-member limited liability company. MassMutual Holding LLC is the sole member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifeScore Labs, LLC (previously, Society of Grownups, LLC) (April 15, 2014), a Massachusetts limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Holding LLC (March 26, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crane APAC I LP (August 22, 2025), a United Kingdom private fund limited partnership (MassMutual owns 100% limited partnership interest.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US I LLC (formerly, MassMutual Ventures LLC) (June 10, 2014), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US II LLC (April 17, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US III LLC (May 21, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures UK LLC (July 12, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Southeast Asia I LLC (September 25, 2018), a Delaware company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Southeast Asia II LLC (December 12, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Management LLC (April 4, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures SEA Management Private Limited (June 20, 2018), a Singapore company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMV UK/SEA Limited (May 23, 2023), a company established in England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) MassMutual Ventures India Private Limited (January 10, 2024), an India company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Rothesay Holdco US LLC (September 24, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fern Street LLC (April 11, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sleeper Street LLC (October 4, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Catalyst Fund LLC (November 25, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Catalyst Fund II LLC (February 6, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Asset Management Holding LLC (November 29, 2011), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings LLC (July 5, 1940), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Securities LLC (July 1, 1994), a Delaware limited liability company.

ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Guernsey Limited (February 20, 2001), a company organized under the laws of Guernsey.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Europe Limited (June 5, 2017), a company organized under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Asset Management Limited (April 6, 1994), a company incorporated under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Fund Managers Limited (October 29, 1968), a company incorporated under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring International Investment Limited (June 7, 1979), a company incorporated under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Investment Services Limited (May 18, 1988), a company incorporated under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings European Core Property Fund GP Sàrl (October 29, 2015), a special-purpose company organized in Luxembourg.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings BME GP Sàrl (July 31, 2020), a company organized under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings GPLF4(S) GP Sàrl (March 18, 2021), a company incorporated under the laws of Luxembourg.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Italy S.r.l. (July 23, 2019), a company incorporated under the laws of Italy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Sweden AB (July 16, 2019), a company incorporated under the laws of Sweden.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Asset Management Spain SL (October 13, 2019), a company incorporated under the laws of Spain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Netherlands B.V. (December 5, 2019), a company incorporated under the laws of the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings GmbH (formerly Barings Real Estate GmbH) (January 8, 2014), a German limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings (U.K.) Limited (January 4, 1995), a company organized under the laws of England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring France SAS (July 24, 1997), a company incorporated under the laws of France.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring International Fund Managers (Ireland) Limited (July 16, 1990), a company incorporated under the laws of Ireland.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Switzerland Sàrl (December 18, 2013), a company established under the laws of Switzerland.

iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Real Estate Advisers, Inc. (May 11, 2004), a Delaware corporation.

iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Real Estate Acquisitions LLC (January 10, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BMC Holdings DE LLC (March 29, 2013), a Delaware limited liability company.

vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Finance LLC (December 12, 2012), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCF Europe Funding Limited (August 27, 2013), a company formed in the Republic of Ireland.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCF Senior Funding I LLC (August 28, 2013), a limited liability company formed under the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCF Senior Funding I Designated Activity Company (January 20, 2016), a company formed in the Republic of Ireland.

vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Asset Management (Asia) Holdings Limited (June 7, 1985), a company organized in Hong Kong.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Japan Limited (January 13, 1986), a company organized in Japan that is registered as a Financial Business Operator (Registration No. 396-KLFB) for Type II Financial Instruments Business, Investment Advisory and Agency Business, and Investment Management Business with the Financial Services Agency in Japan under the Financial Instruments and Exchange Act (Act No. 25 of 1948).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring SICE (Taiwan) Limited (March 15, 1990), a regulated company organized in Taiwan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Asset Management (Asia) Limited (March 15, 1985), a company organized in Hong Kong.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baring Asset Management Korea Limited, a regulated Korean company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Investment Management (Shanghai) Limited (August 3, 2018), a company established under Chinese law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Overseas Investment Fund Management (Shanghai) Limited (August 22, 2018).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Singapore Pte. Ltd. (November 16, 2020), a company established under the laws of Singapore.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Real Estate Investment Japan Limited (July 31, 2025), a company organized in Japan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Holding Company Pty Ltd (October 12, 2009).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Pty Ltd (October 16, 2009).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Singapore Pte. Ltd. (November 16, 2020), an operating company established under the laws of Singapore.

viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Real Estate Holdings Pty Ltd (May 4, 2022), a private limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Real Estate Pty Ltd (May 4, 2022), a private limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Property Holdings Pty Ltd (May 5, 2010), a company established under the laws of Australia.

ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Structured Finance Holdings Pty Ltd (January 11, 2023), a private limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Australia Structured Finance Pty Ltd (January 11, 2023), a private limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gryphon Capital Partners Pty Ltd (January 2, 2014), a proprietary limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gryphon Capital Management Pty Ltd (February 28, 2014), a proprietary limited company established under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Real Estate Holdings LLC (October 7, 2021), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Artemis Real Estate Partners LLC (August 27, 2009), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Artemis Real Estate Advisors, LLC (July 25, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Artemis Real Estate Partners Acquisitions I, LLC (March 23, 2010), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Private Wealth & Trust, FSB (January 12, 2000), a federally chartered stock savings bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Private Placement Investment Company I, LLC (May 15, 2007), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Private Equity Fund Investor LLC (December 6, 2006), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Private Equity Intercontinental LLC (September 24, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual External Benefits Group LLC (September 23, 2010), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC (July 26, 2004), a Delaware limited liability company. (MassMutual holds 50% voting ownership interest and Jefferies Financial Group Inc. holds 50% voting ownership interest.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit Holdings LLC (formerly known as Apex Credit Partners LLC, October 20, 2014), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Co-Issuer Corporation (March 13, 2013), a Delaware corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeffries MM Lending LLC (October 14, 2011), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN LC Fund LLC (February 1, 2016), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Revolver Holdings II LLC (May 11, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN GP Adviser LLC (May 11, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Europe GP, S.à.r.l. (December 18, 2015), a Luxembourg private limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance Europe, S.L.P. (July 20, 2020), an alternative investment fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance Europe, SCSp (March 10, 2016), an alternative investment fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance Business Credit LLC (August 7, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Business Credit Fund I LLC (August 7, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Funding 2021 LLC (November 5, 2021), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Private Credit BDC Inc. (January 14, 2020), a Maryland corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Funding 2024 LLC (March 12, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JSPCS MM LLC (July 8, 2024), a Delaware limited liability company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Credit Partners LLC (formerly known as JFIN Asset Management LLC) (June 8, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JDLF GP (Europe) S.a.r.l. (November 4, 2022), incorporated and existing under the laws of Luxembourg.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Credit Management LLC (December 8, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Europe SCSp SICAV-RAIF (December 9, 2022), incorporated and existing under the laws of Luxembourg.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Credit Management LLC (December 8, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCM GP I LLC (October 6, 2023), a Delaware limited liability company.

ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCM H-2 Credit Fund GP LLC (May 15, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP GP I LLC (October 12, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Direct Lending CLO 2022 LLC (November 1, 2021), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JDLF II GP LLC (January 7, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JDLF II GP LP (January 7, 2022), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund II C LP (January 7, 2022), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies DLF 2 C Holdings LLC (March 28, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund II C SPE LLC (March 28, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies DLF2 C Holdings-2 LLC (October 11, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund II C SPE-2 LLC (October 11, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JDLF III GP LLC (January 30, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JDLF III GP LP (January 30, 2024), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund III C LP (January 30, 2024), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies DLF3 C Holdings LLC (December 3, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund III C SPE LLC (December 3, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFAM GP LLC (April 13, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFAM GP LP (April 13, 2017), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund C LP (November 25, 2019), a Delaware partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies DLF C Holdings LLC (February 11, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Direct Lending Fund C SPE LLC (February 11, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Direct Lending CLO 2023-1 LLC (May 11, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Direct Lending CLO 2023 Ltd. (May 23, 2023), a Jersey Channel Islands private limited company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies M Super Private Credit Fund GP LLC (March 19, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Credit Partners Europe Limited (September 5, 2024), a private limited company formed in England and Wales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies European Direct Lending Fund GP S.à r.l (December 24, 2025), a Luxembourg limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Congaree Credit Fund GP LLC (April 16, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Solaris Credit Fund GP LLC (June 20, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeffries Credit Partners Structured Solutions Fund GP LLC (August 21, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit Partners LLC (formerly known as Apex Newco LLC) (July 15, 2021), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green SPE LLC (April 16, 2024), a Delaware limited liability company.

ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green SPE 2025 LLC (October 1, 2024), a Delaware limited liability company.

iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO 13 Ltd. (September 9, 2024), a Cayman Islands Exempted Company. This entity is 54.34% owned by Apex Credit Partners LLC.

iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex GP I LLC (December 21, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Securitized Income Fund LP (December 22, 2023), a Delaware limited partnership

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Revolver SPE1 2022 LLC (March 9, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Revolver SPE3 2022 LLC (August 31, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Revolver SPE4 2022 LLC (August 31, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFIN Revolver SPE4 2022 Ltd. (August 31, 2022), a Cayman Islands company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Private Loan Management GP LLC (March 16, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JCP Private Loan Management LP (March 16, 2023), a Delaware limited partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JF CEI Holdings 1 LLC (December 20, 2024), a Delaware limited liability company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JF CEI Holdings 2 LLC CP (December 20, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkshire Way LLC (June 14, 2012), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Strategic Distributors, LLC (June 7, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Investment Advisers, LLC (September 24, 2013), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pioneers Gate LLC (October 27, 2014), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Special Situations Investor LLC (November 17, 2014), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Timberland Forest Holding LLC (October 12, 2015), a Delaware limited liability company. MassMutual's ownership is 37% and 63% is held by MassMutual Trad Private Equity LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lyme Adirondack Forest Company, LLC (April 4, 2006), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lyme Adirondack Timber Sales, LLC (December 16, 2016), a Delaware company. (Note: Lyme Adirondack Timber Sales, Inc. merged with and into this company effective December 31, 2016.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lyme Adirondack Timberlands I, LLC (August 16, 2006), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lyme Adirondack Timberlands II, LLC (August 16, 2006), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance Road LLC (May 3, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Intellectual Property LLC (May 3, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Trad Private Equity LLC (May 3, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trad Investments I LLC (September 11, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Mortgage Lending LLC (October 30, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Copper Hill Road LLC (October 5, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EM Opportunities LLC (January 16, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual MCAM Insurance Company, Inc. (March 18, 2018), a Vermont captive insurance company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CML Global Capabilities (December 2, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Global Capabilities I LLC (December 2, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Global Business Services India LLP (December 23, 2019), a limited partnership domiciled in the Republic of India (owned 99.8% by MM Global Capabilities I LLC).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Global Capabilities II LLC (December 2, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Global Capabilities (Netherlands) B.V. (February 28, 2020), a company domiciled in the Netherlands (MM Global Capabilities I LLC and MM Global Capabilities II LLC are the partners of this company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Global Business Services Romania S.R.L. (March 31, 2020), a company domiciled in Romania.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Global Capabilities III LLC (December 3, 2019), a Delaware limited liability company that serves as a limited partner and holds ownership shares in MassMutual Global Business Services India LLP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Investment Holding (September 21, 2020), a Cayman Islands company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML Management Corporation (October 14, 1968), a Massachusetts corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual International Holding MSC, Inc. (January 31, 2001), a Massachusetts corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Holding MSC, Inc. (December 26, 1996), a Massachusetts corporation. This subsidiary qualifies as a "Massachusetts Security Corporation" under Chapter 63 of the Massachusetts General Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Asset Finance LLC (formerly known as Winmark Equipment Finance, LLC) (owned 99.61% by MM Investment Holding and 0.39% by C.M. Life Insurance Company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC 2019-B (August 23, 2019), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC 2020-A (May 27, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC 2022-A (February 24, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC 2023-A (June 14, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC 2024-A (November 28, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Equipment Finance LLC 2025-A (December 30, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Equipment Finance LLC 2025-B (September 25, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Equipment Finance LLC 2026-A (December 30, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMIH Bond Holdings LLC (November 28, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Z.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MML CM LLC (November 10, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flourish Holding Company LLC (February 14, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flourish Insurance Agency LLC (February 18, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flourish Financial LLC (November 3, 2017), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flourish Technologies LLC (May 11, 2021), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SoraFinance, Inc. (November 8, 2021), a Delaware corporation.

AA.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glidepath Holdings Inc. (February 4, 2021), a Delaware corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ascend Life Insurance Company (December 29, 1961), an Ohio corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Investors Life Insurance Company (November 13, 1981), an Ohio corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Ascend Life Investor Services, LLC (formerly Great American Advisors, LLC) (December 10, 1993), an Ohio corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Ascend Mortgage Lending LLC (March 17, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM Vine Street LLC (September 26, 2024), a Delaware limited liability company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe – Ascend Mortgage Lending LLC (February 20, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manhattan National Holding Corporation (August 27, 2008), an Ohio corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manhattan National Life Insurance Company (May 21, 2014), an Ohio corporation.

BB.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MM/Barings Multifamily TEBS 2020 LLC (April 2, 2020) a Delaware limited liability company that engages in bond and mortgage loan securitization transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Europe/APAC I GP, LLC (September 28, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Europe/APAC I GP, L.P. (October 21, 2022), a Cayman Islands exempted limited partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Europe/APAC I, L.P. (October 21, 2022), a Cayman Islands exempted limited partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Southeast Asia III LLC (January 3, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMV Digital I LLC (May 18, 2022)), a Cayman Islands company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DD.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US IV GP, LLC (September 28, 2022), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US IV, L.P. (September 28, 2022), a Delaware limited partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures US IV LLC (December 8, 2021), a Delaware limited liability company that will hold investments.

EE.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DPI-ACRES Capital LLC (September 16, 2022), a Delaware limited liability company.

FF.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MMV CTF I GP, LLC (January 30, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MassMutual Ventures Climate Technology Fund I LP (January 30, 2023) a Delaware fund.

GG.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DPI-ARES Mortgage Lending LLC (July 5, 2023) a Delaware limited liability company.

HH.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Sustainable Advisors LLC (April 4, 2023), a Delaware limited liability company. MassMutual has a 80.25% ownership interest in this company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSA Incentive Holdco LLC (April 6, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSA Intermediate Holdco LLC (April 4, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Trust Services LLC (October 14, 2020), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CP PACE LLC (October 14, 2020), Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Titling Trust (November 6, 2020), a Delaware statutory trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Energy Solutions II LLC (April 6, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Energy Solutions (CA) II LLC (April 6, 2023), a Delaware limited liability company.

ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Energy Solutions (IL) LLC (July 16, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loop-Counterpointe PACE LLC (July 16, 2018), a Delaware limited liability company.

iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Energy Solutions (FL) II LLC (October 2, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSA Employee Services Company LLC (April 6, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Sustainable Real Estate II LLC (April 6, 2023), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Energy Services LLC (March 17, 2015), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe Investment Management LLC (October 10, 2024), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stillings Street LLC (September 25, 2024), a Delaware limited liability company.

JJ.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eclipse Business Capital LLC (October 22, 2015) a Delaware limited liability company.

KK.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counterpointe – MM Mortgage Lending LLC (February 20, 2025), a Delaware limited liability company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LL.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LNL MM, LLC (February 19, 2025), a Delaware limited liability company (MassMutual – 71.25%; MM Ascend 23.7%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LNL MM D, LLC (February 19, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LNL MM D Core, LLC (February 19, 2025), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MM.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corten Real Estate Credit Fund I LLC (January 15, 2026), a Delaware limited liability company. MassMutual owns 73.5% and MassMutual Ascend Life Insurance Company owns 24.5%.

NN.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CapSec LLC (June 25, 2025), a Delaware limited liability company.

OO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LNL MM 2, LLC (May 8, 2025), a Delaware limited liability company (MassMutual – 85.5%; MM Ascend 9.5%).

PP.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port 51 Lending Holdings LLC (June 8, 2022), a Delaware limited liability company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port 51 Lending LLC (January 2, 2018), a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port 51 Commercial LLC (July 8, 2025) a Delaware limited liability company.

***The following are investment-related special purpose entities of Barings LLC ("Barings"). All are 100% owned unless otherwise specified.***

**ALAND ROYALTY GP, LLC**

Delaware – 6887128

**ALASKA FUTURE FUND GP, LLC**

Delaware – 7621080

**BAI FUNDS SLP, LLC**

Delaware – 7056431

**BAI GP, LLC**

Delaware – 6972999

**BARINGS ACTIVE PASSIVE EQUITY DIRECT EAFE LLC**

Delaware – 678445

**BARINGS ASSET-BASED INCOME FUND (US) GP, LLC**

Delaware, U.S.A. – 6399905

*61.02% owned by Barings LLC*

 

**BARINGS BLUE RIDGE FUND GP LLC**

Delaware, U.S.A. – 10477046

**BARINGS BLUE RIDGE FUND, L.P.**

Delaware, U.S.A. – 10477048

**BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (DE), L.P.**

Delaware, U.S.A. – 7354538

*32.63% owned by Barings LLC*

**BARINGS CENTRE STREET CLO EQUITY PARTNERSHIP GP, LLC**

Delaware, U.S.A. – 67009373

**BARINGS CLO INVESTMENT PARTNERS GP, LLC**

Delaware, U.S.A. – 5895167

**BARINGS CORE PROPERTY FUND GP LLC**

Delaware, U.S.A. – 4219093

**BARINGS DIRECT LENDING GP LTD.**

Cayman Islands – WC-331849

**BARINGS DIRECT INVESTMENTS LLC**

Delaware, U.S.A. – 4296453

**BARINGS DIVERSIFIED RESIDENTIAL FUND GP LLC**

Delaware, U.S.A. – 3574626

**BARINGS EMERGING GENERATION FUND GP, LLC**

Delaware, U.S.A. – 7715719

*50% owned by Barings LLC*

**BARINGS EMERGING GENERATION FUND II GP, LLC**

Delaware, U.S.A. – 6638604

**BARINGS EMERGING GENERATION FUND III GP, LLC**

Delaware, U.S.A. – 10395626

**BARINGS EMERGING GENERATION FUND III, LLC**

Delaware, U.S.A. – 10395638

**BARINGS EMERGING MARKETS BLENDED FUND I GP, LLC**

Delaware, U.S.A. – 6229845

**BARINGS EPLF5 RATED FEEDER GP LLC**

Delaware, U.S.A. – 7493135

**BARINGS ERS PE EMERGING MANAGER III GP, LLC**

Delaware, U.S.A. – 7443853

**BARINGS FC III LLC**

Delaware, U.S.A. – 3467267

**BARINGS GLOBAL ENERGY INFRASTRUCTURE ADVISORS LLC**

Delaware, U.S.A. –6187863

**BARINGS GLOBAL INVESTMENT FUNDS (U.S.) MANAGEMENT, LLC**

Delaware, U.S.A. – 4864959

**BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 4 GP (DELAWARE) LLC**

Delaware, U.S.A. – 3075964

**BARINGS GLOBAL REAL ASSETS FUND GP, LLC**

Delaware, U.S.A. – 6662271

*55.5% owned by Barings LLC*

**BARINGS GPSF LLC**

Delaware, U.S.A. – 3022744

**BARINGS HOTEL OPPORTUNITY VENTURE I GP, LLC**

Delaware, U.S.A. – 5939453

*50% owned by Barings LLC*

**BARINGS INFINITI FUND MANAGEMENT LLC** 

Delaware, U.S.A. – 7140111

**BARINGS INFRASTRUCTURE CLO EQUITY PARTNERSHIP GP LLC**

Delaware, U.S.A. – 10254364

**BARINGS INFRASTRUCTURE SECONDARIES & SOLUTIONS FUND II MANAGING MEMBER LLC**

Delaware, U.S.A. – 10426328

**BARING INVESTMENT SERIES, LLC**

Delaware, U.S.A. – 4057176

**BARINGS NAPLF IV RATED FEEDER, L.P.**

Delaware, U.S.A. – 1069319

**BARINGS NEW JERSEY EMERGING MANAGER PROGRAM GP, LLC**

Delaware, U.S.A. – 7175727

**BARINGS NEW JERSEY EMERGING MANAGER PROGRAM II GP, LLC**

Delaware, U.S.A. – 10182697

**BARINGS NEW JERSEY EMERGING MANAGER PROGRAM II, L.P.**

Delaware, U.S.A. – 10182696

**BARINGS NORTH AMERICAN PRIVATE LOAN FUND MANAGEMENT, LLC**

Delaware, U.S.A. – 6131639

**BARINGS NORTH AMERICAN PRIVATE LOAN FUND II MANAGEMENT, LLC**

Delaware, U.S.A. – 7868270

**BARINGS NORTH AMERICAN PRIVATE LOAN FUND III MANAGEMENT, LLC**

Delaware, U.S.A. – 6640173

**BARINGS NORTH AMERICAN PRIVATE LOAN FUND IV (CAYMAN)-A, L.P.**

Cayman Islands – WC-133150

**BARINGS NORTH AMERICAN PRIVATE LOAN FUND IV MANAGEMENT, LLC**

Delaware, U.S.A. – 10269278

**BARINGS PORTFOLIO FINANCE IG HOLDINGS, LLC**

Delaware, U.S.A. – 10415634

**BARINGS PORTFOLIO FINANCE IG ISSUER I, LLC**

Delaware, U.S.A. – 10359831

**BARINGS REAL ASSET SPECIAL SERVICER LLC**

Delaware, U.S.A. – 10422593

**BARINGS REAL ESTATE EUROPEAN VALUE ADD FUND II FEEDER LLC**

Cayman Islands – MC-3557

**BARINGS SBIC II GP, LLC**

Delaware, U.S.A. – 4948134

**BARINGS SEM GP LLC**

Delaware, U.S.A. – 4639492

**BARINGS SMALL BUSINESS FUND LLC**

Delaware, U.S.A. – 7875829

*54.25% owned by Barings LLC*

**BARINGS SPECIALTY ASSET BASED FINANCE FUND GP LLC**

Delaware, U.S.A. – 10510246

**BARINGS TYIDF2 RATED FEEDER GP LLC**

Delaware, U.S.A. – 7493145

**BARINGS TYIDF2 RATED FEEDER, L.P.**

Delaware, U.S.A. – 7493155

**BARINGS – MM REVOLVER FUND GP LLC**

Delaware, U.S.A. – 6354426

**BCLF GP LLC**

Delaware, U.S.A. – 2551895

**BDAE PRIVATE FUND BLOCKER 2025, LLC**

Delaware, U.S.A. – 10126772

**BDAE PRIVATE FUND GP LLC**

Delaware, U.S.A. – 33-3672699

**BDAE PRIVATE FUND, LP**

Delaware, U.S.A. – 33-3703068**BENTON STREET ADVISORS, INC.**

Cayman Islands – MC-186805

**BHOVI INCENTIVE LLC**

Delaware, U.S.A. – 6268804

*50% owned by Barings LLC*

**BIG REAL ESTATE INCENTIVE I LLC** 

Delaware, U.S.A. – 6778920

*50% owned by Barings LLC*

**BIG REAL ESTATE INCENTIVE II LLC** 

Delaware, U.S.A. – 6778922

*50% owned by Barings LLC*

**BMT RE DEBT FUND GP LLC**

Delaware, U.S.A. – 6965646

**BRECS VII GP LLC**

Delaware, U.S.A. – 61147

**BREDIF GP LLC**

Delaware, U.S.A. – 3853440

**CPF SPRINGING MEMBER, LLC**

Delaware, U.S.A. – 3873032

**CREA-MA REORGANIZATION TRUST**

Delaware, U.S.A. – 000933540

**LAKE JACKSON LLC**

Delaware, U.S.A. – 6339374

**MARTELLO RE GP LLC** 

Delaware, U.S.A. – 5993354

**MEZZCO AUSTRALIA II LLC**

Delaware, U.S.A. – 5346304

**MEZZCO III LLC**

Delaware, U.S.A. – 4557758

*50% owned by Barings LLC*

 ****

**MEZZCO IV LLC**

Delaware, U.S.A. – No number available

**NAPLF (CAYMAN)-A SENIOR FUNDING IV LLC**

Delaware, U.S.A. – 10373818

**RECSA-NY GP LLC**

Delaware, U.S.A. – 6101306

**TERRAPIN MIDDLE MARKET INFRASTRUCTURE FUND, L.P.**

Delaware, U.S.A. – 3903667

***The following are subsidiary companies of MassMutual. The ownership interest is 20% or more. The ownership interest is MassMutual's unless otherwise shown.***

**40 EXCHANGE MM MEMBER LLC**

Ownership – 100%

**100 W. 3<sup>RD</sup> STREET LLC**

Ownership – 100%

**12-18 WEST 55TH STREET PREDEVELOPMENT, LLC** 

Ownership – 90.20%

**21 WEST 86TH LLC**

Ownership **–** 96.24%

**300 SOUTH TRYON HOTEL LLC** 

Ownership **–** 100%

**300 SOUTH TRYON LLC** 

Ownership **–** 100%

**ALAND ROYALTY HOLDINGS LP**

Ownership – 26.69%

**BARINGS AFFORDABLE HOUSING MORTGAGE FUND I LLC**

Ownership – 100%

**BARINGS AFFORDABLE HOUSING MORTGAGE FUND II LLC** 

Ownership – 100%

**BARINGS AFFORDABLE HOUSING MORTGAGE FUND III LLC** 

Ownership **–** 100%

**BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (CA), L.P.** 

Ownership **–** 35.00%

**BARINGS CONSTRUCTION LENDING FUND LP**

Ownership – 74.16% MassMutual, 25.84% Third Party

**BARINGS DIVERSIFIED RESIDENTIAL FUND LP**

Ownership – 100%

**BARINGS EMERGING GENERATION FUND II LP** 

Ownership – 27.13%

**BARINGS EMERGING GENERATION FUND, LP** 

Ownership **–** 67.74%

**BARINGS GLOBAL ENERGY INFRASTRUCTURE FUND I LP** 

Ownership **–** 99.24%

**BARINGS GLOBAL REAL ASSETS FUND, LP**

Ownership **–** 26.14%

**BARINGS HOTEL OPPORTUNITY VENTURE I LP** 

Ownership – 50.00%

**BARINGS HOTEL OPPORTUNITY VENTURE II LP** 

Ownership – 50.00%

**BARINGS MILLER INVESTMENT TRUST**

Ownership – 57.33% MassMutual, 9.33% MM Ascend

**BARINGS REAL ESTATE DEBT INCOME FUND LP** 

Ownership – 100%

**BARINGS REAL ESTATE EUROPEAN VALUE ADD I SCSP** 

Ownership – 49.99%

**BARINGS SMALL BUSINESS FUND, L.P.** 

Ownership – 33.60%

**BARINGS U.S. CORE BOND FUND**

Ownership – 100%

**BARINGS U.S. HIGH YIELD FUND**

Ownership – 33.09%

**BARINGS-MM REVOLVER FUND LP** 

Ownership – 86.00%

**BRAVA5 MALIC INVESTOR LLC** 

Ownership – 100% MM Ascend

**BRAVA5 MM INVESTOR LLC**

Ownership – 100%

**CHASSIS ACQUISITION HOLDING LLC**

Ownership – 30% (MassMutual Holding LLC)

**CORNBROOK PRS HOLDINGS LLC**

Ownership – 100%

**CORNERSTONE FORT PIERCE DEVELOPMENT, LLC** 

Ownership – 90.00%

**CORNERSTONE PERMANENT MORTGAGE FUND II LLC** 

Ownership – 100%

**CORNERSTONE PERMANENT MORTGAGE FUND III LLC**

Ownership – 100%

**CORNERSTONE PERMANENT MORTGAGE FUND IV LLC** 

Ownership – 100%

**CORNERSTONE PERMANENT MORTGAGE FUND LLC**

Ownership – 100%

**CRA AIRCRAFT HOLDING LLC**

Ownership – 40.00%

**RIDGE APARTMENTS, LLC**

Ownership – 100%

**CREA/PPC VENTURE, LLC** 

Ownership – 100%

**CREA/WINDSTAR DUBLIN PLEASANTON, LLC** 

Ownership – 92.00%

**E2E AFFORDABLE HOUSING DEBT FUND LLC** 

Ownership – 100%

**EIP HOLDINGS I, LLC**

Ownership – 28.96%

**EURO REAL ESTATE HOLDINGS LLC** 

Ownership – 100%

**FAN PIER DEVELOPMENT LLC** 

Ownership – 90.00%

**GIA EU HOLDINGS LLC** 

Ownership – 100%

**HB NAPLES GOLF OWNER LLC** 

Ownership – 100% (MassMutual Holding LLC)

**LANDMARK MANCHESTER HOLDINGS LLC** 

Ownership – 100%

**LONDON OFFICE JV HOLDINGS LLC** 

Ownership – 100%

**MALIC AUSTRALIA BSOT LLC**

Ownership – 100%

**MALIC DEBT PARTICIPATIONS LLC** 

Ownership – 100% (MM Ascend)

**MIAMI DOUGLAS FOUR MM, LLC** 

Ownership – 100%

**MARCO HOTEL LLC**

Ownership – 100% (MassMutual Holding LLC)

**MIAMI DOUGLAS ONE GP LLC** 

Ownership – 100%

**MIAMI DOUGLAS THREE MM, LLC** 

Ownership – 100%

**MIAMI DOUGLAS TWO GP LLC** 

Ownership – 100%

**MIAMI DOUGLAS TWO LP** 

Ownership – 89.99%

**MM 10 CENTENNIAL DRIVE MEMBER LLC**

Ownership – 100%

**MM 340 MADISON MEMBER LLC**

Ownership – 100%

**MM 1370 AVE OF AM LLC** 

Ownership – 100%

**MM 1400 E 4<sup>TH</sup> STREET MEMBER LLC** 

Ownership – 100%

**MM 425 MONTGOMERY MEMBER LLC**

Ownership – 100%

**MM 550 CORPORATE MEMBER LLC**

Ownership – 100%

**MM ASCEND DS INVESTORS LLC** 

Ownership – 100%

 **MM BIG PENINSULA CO-INVEST MEMBER LLC** 

Ownership – 27.20%

**MM BROOKHAVEN MEMBER LLC** 

Ownership – 100%

**MM CENTURY SQUARE MEMBER LLC**

Ownership – 100%

**MM DEBT PARTICIPATIONS LLC** 

Ownership – 100%

**MM DEN PAV MEMBER LLC** 

Ownership – 100%

**MM DS INVESTORS LLC**

Ownership – 100%

**MM EAST SOUTH CROSSING MEMBER LLC** 

Ownership – 100%

**MM HORIZON SAVANNAH MEMBER LLC** 

Ownership – 100%

**MM FREMONT MEMBER LLC** 

Ownership – 100%

**MM HORIZON SAVANNAH MEMBER II LLC** 

Ownership – 100%

**MM HORIZON SAVANNAH MEMBER III LLC** 

Ownership – 100%

**MM IRONHEAD COMMERCE CENTER MEMBER LLC**

Ownership – 100%

**MM KANNAPOLIS INDUSTRIAL MEMBER LLC** 

Ownership – 100%

**MM LIBERTY CENTRE MEMBER LLC** 

Ownership – 100%

**MM MD2 STATION MEMBER LLC** 

Ownership – 100%

**MM NATIONAL IOS PROGRAM MEMBER LLC**

Ownership - 100%

**MM NATIONAL SELF-STORAGE PROGRAM MEMBER LLC**

Ownership – 100%

**MM NATIONAL SELF-STORAGE PROGRAM MEMBER II LLC**

Ownership – 100%

**MM PARK CITY INVESTOR LLC** 

Ownership – 100%

**MM REDISCOVER MEMBER LLC**

Ownership – 100%

**MM REED DISTRICT LANDCO MEMBER LLC** 

Ownership – 100%

**MM SEDONA VORTEX INVESTOR LLC** 

Ownership – 100%

**MM SL WILLISTOWN LLC**

Ownership – 100%

**MM SPEEDWAY EL PASO MEMBER LLC**

Ownership – 100%

**MM SPEEDWAY EL PASO MEMBER II LLC**

Ownership – 100%

**MM STOWE INVESTOR LLC**

Ownership – 100%

**MM SUBLINE BORROWER LLC** 

Ownership – 100%

**MM THE GILMAN MEMBER LLC**

Ownership – 100%

**MM TOKYO BTR1 LLC**

Ownership – 70% MassMutual, 30% MM Ascend

**MM VIRGINIAN INVESTOR LLC**

Ownership – 100%

**MMALIC 10 CENTENNIAL DRIVE MEMBER LLC**

Ownership – 100% MM Ascend

**MMLIC AUSTRALIA BAST LLC**

Ownership – 100%

**MMLIC AUSTRALIA BSOT LLC**

Ownership – 100%

**PACO FRANCE LOGISTICS LLC** 

Ownership – 100%

**PDX SW THIRD HOTEL OWNER LLC**

Ownership – 100%

**RB APARTMENTS LLC**

Ownership – 100% (MassMutual Holding LLC)

**RED LAKE VENTURES, LLC**

Ownership – 31.52%

**RIVERWALK MM MEMBER, LLC** 

Ownership – 100%

**SBNP SIA III LLC**

Ownership – 99.00%

**SBNP SIA IV LLC**

Ownership – 99.00%

**SL WILLISTOWN ONE LLC** 

Ownership – 100%

**TEN FAN PIER BOULEVARD LLC** 

Ownership – 100%

**THREE PW OFFICE HOLDING LLC** 

Ownership – 95.00%

**TRAILSIDE MM MEMBER II LLC** 

Ownership – 100%

**TRAILSIDE MM MEMBER LLC** 

Ownership – 100%

**UNNA, DORTMUND HOLDING LLC** 

Ownership – 100%

**VALIDUS HOLDING COMPANY LLC**

Ownership – 40.44%

**VGS ACQUISITION HOLDING, LLC**

Ownership – 33.33% (MassMutual Holding LLC)

**WASHINGTON GATEWAY APARTMENTS VENTURE LLC** 

Ownership – 95.80%

**WASHINGTON GATEWAY THREE LLC** 

Ownership – 95.00%

**WASHINGTON GATEWAY TWO HOLDINGS LLC** 

Ownership – 95.00%

**WEST 37TH STREET HOTEL LLC** 

Ownership – 93.75%

**WEST 46TH STREET HOTEL LLC** 

Ownership – 100%

***The following are collateralized loan obligation vehicles of Jefferies Finance LLC.***

**APEX CREDIT CLO 2024-I LTD.**

A Cayman Islands collateralized loan obligation vehicle in senior secured revolving credit loans. Jefferies Finance LLC owns 100% of the subordinated notes of the CLO.

**JFIN REVOLVER CLO 2017 Ltd.** 

A Cayman Islands collateralized loan obligation vehicle in senior secured revolving credit loans. Jefferies Finance LLC owns 100% of the subordinated notes of the CLO.

**JFIN REVOLVER CLO 2018 Ltd.** 

A Cayman Islands collateralized loan obligation vehicle in senior secured revolving credit loans. The CLO is managed by Jefferies Finance LLC owns 100% of the subordinated notes of the CLO.

**JFIN REVOLVER CLO 2019 LTD.**

A Cayman Islands collateralized loan obligation vehicle investing in senior secured revolver credit loans. Jefferies Finance LLC owns 100% of the subordinated notes of the CLO .

**JFIN REVOLVER CLO 2019-II LTD.**

A Cayman Islands collateralized loan obligation vehicle investing in senior secured revolver credit loans. Jefferies Finance LLC owns 100% of the subordinated notes of the CLO .

**JFIN REVOLVER CLO 2020 LTD.**

A Cayman Islands collateralized loan obligation vehicle investing in senior secured revolver credit loans. Jefferies Finance LLC owns 100% of the subordinated notes of the CLO.

**JFIN Revolver CLO 2021-II Ltd.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN Revolver CLO 2021-V Ltd.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2022-II LTD.** 

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%

**JFIN REVOLVER CLO 2022-III LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2022-IV LLC**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2022-IV LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2024-I LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2025-I LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2025-II LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER CLO 2026-I LTD.**

A Cayman Islands company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER FUND, L.P.** 

A Delaware limited partnership formed to hold investments in revolving credit loans originated by Jefferies Finance LLC. MassMutual ownership is 57.95%

**JFIN REVOLVER FUNDING 2021 LTD.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER FUNDING 2021-III LTD.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER FUNDING 2021-IV LTD.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

**JFIN REVOLVER FUNDING 2022-I LTD.**

A Delaware limited company that invests in revolving credit loans. Jefferies Finance LLC owns 100%.

***The following are portfolio companies in which Jefferies Finance LLC, together with its subsidiaries, own at least 25% of the equity interests. The ownership percentage is indicated.***

**CUSTOM ECOLOGY HOLDCO, LLC**

100% owned by Jefferies Finance LLC

***The following are investment-related special purpose entities of Baring Asset Management Limited*.** 

**BARINGS CORE FUND FEEDER I GP S.À.R.L.**

Luxembourg – B216891

This company is wholly owned by Baring Asset Management Limited.

**BARINGS EUROPEAN DIRECT LENDING 1GP LLP**

England & Wales – OC398370

A limited liability partnership organized under the laws of England and Wales.

(99.9% owned by Barings Global Advisors Limited and 0.1% owned by Barings Asset Management Limited.)

**BARINGS GPC GP S.À.R.L.**

Luxembourg – No number available

A Luxembourg company that acts as the general partner to Barings Global Credit Fund (LUX) SCSp, SICAV-SIF. This company is wholly owned by Baring Asset Management Limited.

**BARINGS INVESTMENT FUND (LUX) GP S.À.R.L.**

Luxembourg – B127566

A Luxembourg company that acts as the general partner to Barings Investment Fund (LUX) SCSp, SICAV-SIF. This company is wholly owned by Baring Asset Management Limited.

**BARINGS UMBRELLA FUND (LUX) GP S.À.R.L.**

Luxembourg – B240621

A Luxembourg company that acts as the general partner to Barings Investment Fund (LUX) SCSp, SICAV-SIF. This company is wholly owned by Baring Asset Management Limited.

**PREIF HOLDINGS LIMITED PARTNERSHIP**

United Kingdom – SL006640

This company is wholly owned by Baring Asset Management Limited.

***The following is an investment-related special purpose entity of Baring Fund Managers Limited****.*

**BCGSS 2 GP LLP**

England & Wales – OC394864

This entity is 99.9% owned by Baring Fund Managers Limited and 0.1% owned by Barings Asset Management Limited.

***MassMutual or its subsidiaries own a significant minority stake in the companies listed below****.*

**AMHERST LONG TERM OWNER HOLDINGS, LLC**

Delaware, U.S.A – 4439028

MassMutual's interest is 24.5%

**BEAUTY BRANDS ACQUISITION LLC**

Delaware, U.S.A. – 7164322

MassMutual's ownership interest is 32.63%

**ENROLL CONFIDENTLY, INC.** 

Delaware – 7051382

MassMutual's interest is 22.4%

**IMBIBA GROWTH LLP**

MassMutual's ownership interest is 20.00%

**LOW CARBON ENERGY HOLDING**

United Kingdom – No number available at this time.

MassMutual's interest is 32.2%

**MARTELLO RE FEEDER LP**

Delaware – 3119360

MassMutual Holding LLC's interest is 58.05%

**MARTELLO RE LP**

Delaware - 6009011

MassMutual Holding LLC has an indirect ownership of 25.8% via Martello Re Feeder LP

**ROTHESAY LIMITED (FORMERLY KNOWN AS ROTHESAY HOLDCO UK LIMITED)**

England & Wales – 08668809.

MM Rothesay Holdco LLC's interest is 47.6%.

**YUNFENG FINANCIAL GROUP LIMITED**

Hong Kong – No number available.

MassMutual International LLC's ownership interest is 23.65%.

***MassMutual has a 47.6% ownership interest in Rothesay Limited (through MM Rothesay Holdco US LLC). The following companies are affiliated with Rothesay Limited.***

 

**LT MORTGAGE FINANCING LIMITED**

England & Wales – 09444756

**ROTHESAY ASSET MANAGEMENT AUSTRALIA PTY LTD**

New South Wales, Australia

**ROTHESAY ASSET MANAGEMENT UK LIMITED**

England & Wales – 10985333

**ROTHESAY ASSET MANAGEMENT NORTH AMERICA LLC**

Delaware, U.S.A. – 6570152

**ROTHESAY FOUNDATION** 

England & Wales – 12263987

**ROTHESAY LIFE PLC**

England & Wales – 06127279

**ROTHESAY MA NO. 1 LIMITED**

England & Wales – 11641166

**ROTHESAY MA NO. 3 LIMITED**

England & Wales – 12300383

**ROTHESAY MA NO. 4 LIMITED**

England & Wales – 12300511

**RIVERTON HOME FINANCE LIMITED**

England & Wales - 11877651

**ROTHESAY PENSIONS MANAGEMENT LIMITED**

England & Wales – 06195160

**ROTHESAY PROPERTY COMPANY 1 LIMITED**

England & Wales – 04346508

**ROTHESAY PROPERTY PARTNERSHIP 1 LLP**

England & Wales – OC436469

***MassMutual has a 32.63% ownership interest in Beauty Brands Acquisition LLC. The following companies are affiliated with Beauty Brands Acquisition LLC.***

**BEAUTY BRANDS ACQUISITION INTERMEDIATE LLC**

Delaware, U.S.A. – 7164303

**FORMA BRANDS, LLC**

Delaware, U.S.A. – 7164339

&nbsp;&nbsp;&nbsp;&nbsp;**II.** **REGISTERED INVESTMENT COMPANY AFFILIATES: Each of the following entities is a registered investment company sponsored by MassMutual or one of its affiliates.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. MassMutual Select Funds, a Massachusetts business trust that operates as a management investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. MassMutual Premier Funds, a Massachusetts business trust that operates as a management investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. MassMutual Advantage Funds, a Massachusetts business trust that operates as a management investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. MML Series Investment Fund, a Massachusetts business trust that operates as a management investment company. All shares issued by the
 Trust are owned by MassMutual and certain of its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. MML Series Investment Fund II, a Massachusetts business trust that operates as a management investment company. All shares issued by MML
 Series Investment Fund II are owned by MassMutual and certain of its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Barings Participation Investors, a Massachusetts business trust which operates as a closed-end investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Barings Corporate Investors, a Massachusetts business trust which operates as a closed-end investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Barings Global Short Duration High Yield Fund, a Massachusetts business trust which operates as a closed-end investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Barings BDC, Inc., a Maryland publicly-traded, externally managed business development company.

**Item 33. Indemnification**

C.M. Life directors and officers are indemnified under Article V of the by-laws of C.M. Life's parent company, Massachusetts Mutual Life Insurance Company ("MassMutual"), as set forth below.

ARTICLE V. of the By-laws of MassMutual provides for indemnification of directors and officers as follows:

"ARTICLE V.

INDEMNIFICATION

Subject to limitations of law, the Company shall indemnify:

(a) each
 director, officer or employee;

(b) any
 individual who serves at the request of the Company as a director, board member, committee member, partner, trustee, officer or employee
 of any foreign or domestic organization or any separate investment account; or

(c) any
 individual who serves in any capacity with respect to any employee benefit plan,

from and against all loss, liability and expense imposed upon or incurred by such person in connection with any threatened, pending or completed action, claim, suit, investigation or proceeding of any nature whatsoever, in which such person may be involved or with which he or she may be threatened to be involved, by reason of any alleged act, omission or otherwise while serving in any such capacity, whether such action, claim, suit, investigation or proceeding is civil, criminal, administrative, arbitrative, or investigative and/or formal or informal in nature. Indemnification shall be provided although the person no longer serves in such capacity and shall include protection for the person's heirs and legal representatives.

Indemnities hereunder shall include, but not be limited to, all costs and reasonable counsel fees, fines, penalties, judgments or awards of any kind, and the amount of reasonable settlements, whether or not payable to the Company or to any of the other entities described in the preceding paragraph, or to the policyholders or security holders thereof.

Notwithstanding the foregoing, no indemnification shall be provided with respect to:

(1) any
 matter as to which the person shall have been adjudicated in any proceeding not to have acted in good faith in the reasonable belief that
 his or her action was in the best interests of the Company or, to the extent that such matter relates to service with respect to any employee
 benefit plan, in the best interests of the participants or beneficiaries of such employee benefit plan;

(2) any
 liability to any entity which is registered as an investment company under the Federal Investment Company Act of 1940 or to the security
 holders thereof, where the basis for such liability is willful misfeasance, bad faith, gross negligence or reckless disregard of the duties
 involved in the conduct of office; and

(3) any
 action, claim or proceeding voluntarily initiated by any person seeking indemnification, unless such action, claim or proceeding had been
 authorized by the Board of Directors or unless such person's indemnification is awarded by vote of the Board of Directors.

In any matter disposed of by settlement or in the event of an adjudication which in the opinion of the General Counsel or his or her delegate does not make a sufficient determination of conduct which could preclude or permit indemnification in accordance with the preceding paragraphs (1), (2) and (3), the person shall be entitled to indemnification unless, as determined by the majority of the disinterested directors or in the opinion of counsel (who may be an officer of the Company or outside counsel employed by the Company), such person's conduct was such as precludes indemnification under any of such paragraphs. The termination of any action, claim, suit, investigation or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he or she reasonably believed to be in the best interests of the Company.

The Company may at its option indemnify for expenses incurred in connection with any action or proceeding in advance of its final disposition, upon receipt of a satisfactory undertaking for repayment if it be subsequently determined that the person thus indemnified is not entitled to indemnification under this Article V."

------

To provide certainty and more clarification regarding the indemnification provisions of the Bylaws set forth above, MassMutual has entered into indemnification agreements with certain officers who serve as a director of a subsidiary of MassMutual (a "Subsidiary Director"). Pursuant to the Agreements, MassMutual agrees to indemnify a Subsidiary Director, to the extent legally permissible, against (a) all expenses, judgments, fines and settlements ("Costs"), liabilities, and penalties paid in connection with a proceeding involving the Subsidiary Director because he or she is a director of a subsidiary of MassMutual if the Subsidiary Director (i) acted in good faith, (ii) reasonably believed the conduct was in the subsidiary's best interest; (iii) had no reasonable cause to believe the conduct was unlawful (in a criminal proceeding); and, (iv) engaged in conduct for which the Subsidiary Director shall not be liable under MassMutual's Charter or By-Law. MassMutual further agrees to indemnify a Subsidiary Director, to the extent permitted by law, against all Costs paid in connection with any proceeding (i) unless the Subsidiary Director breached a duty of loyalty, (ii) except for liability for acts or omissions not in good faith, involving intentional misconduct or a knowing violation of law, (iii) except for liability under Section 6.40 of Chapter 156D of Massachusetts Business Corporation Act ("MBCA"), or (iv) except for liability related to any transaction from which the Subsidiary Director derived an improper benefit. MassMutual will also indemnify a Subsidiary Director, to the fullest extent authorized by the MBCA, against all expenses to the extent the Subsidiary Director has been successful on the merits or in defense of any proceeding. If any court determines that despite an adjudication of liability to the relevant subsidiary that the Subsidiary Director is entitled to indemnification, MassMutual will indemnify the Subsidiary Director to the extent permitted by law. Subject to the Subsidiary Director's obligation to pay MassMutual in the event that the Subsidiary Director is not entitled to indemnification, MassMutual will pay the expenses of the Subsidiary Director prior to a final determination as to whether the Subsidiary Director is entitled to indemnification.

**Item 34. Principal Underwriters**

(a) MML
 Investors Services, LLC ("MMLIS") serves as principal underwriter of the contracts/policies/certificates sold by its registered
 representatives, and MML Distributors, LLC ("MML Distributors") serves as principal underwriter of the certificates sold
 by registered representatives of other broker-dealers who have entered into distribution agreements with MML Distributors. MMLIS
 and MML Distributors, either jointly or individually, act as principal underwriters for: Massachusetts
 Mutual Variable Life Separate Account I, Massachusetts Mutual Variable Annuity Separate Account 1, Massachusetts Mutual Variable
 Annuity Separate Account 2, Massachusetts Mutual Variable Annuity Separate Account 3, Massachusetts Mutual Variable Annuity Separate
 Account 4, Panorama Separate Account, Connecticut Mutual Variable Life Separate Account I, MML Bay State Variable Life Separate Account
 I, MML Bay State Variable Annuity Separate Account 1 Panorama Plus Separate Account, C.M. Multi-Account A, C.M. Life Variable Life
 Separate Account I, Massachusetts Mutual Variable Life Separate Account II, MassMutual Premier Funds, MassMutual Select Funds, and
 certain series of the MML Series Investment Fund and MML Series Investment Fund II. MML
 Distributors also acts as principal underwriter for certain contracts that utilize the following registered separate accounts of Talcott
 Resolution Life Insurance Company: Talcott Resolution Life Insurance Company - DC Variable Account I Talcott Resolution Life
 Insurance Company - Separate Account Two Talcott Resolution Life Insurance Company - Separate Account Two (DC Variable Account II) Talcott
 Resolution Life Insurance Company - Separate Account Two (QP Variable Account) Talcott Resolution Life Insurance Company - Separate
 Account Two (NQ Variable Account) Talcott Resolution Life Insurance Company - Separate Account Eleven Talcott Resolution Life
 Insurance Company - Separate Account Twelve

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(b) MMLIS
 and MSD are the principal underwriters for this Contract. The following people are officers and directors of MMLIS and officers and directors
 of MSD:

**DIRECTORS AND OFFICERS OF MML INVESTORS SERVICES, LLC**

---

| | | |
|:---|:---|:---|
| **Name** | **Positions and Offices** | **Principal Business Address** |
| Vaughn Bowman | Director, Chairman of the Board, Chief Executive Officer, and President | \* |
| John Vaccaro | Director and Chairman Emeritus | \* |
| Geoffrey Craddock | Director | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Paul LaPiana | Director | \* |
| Jennifer Reilly | Director | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Joseph Mallee | Director, Agency Field Force Supervisor and Vice President | \* |
| David Mink | Vice President and Chief Operations Officer | \* |
| Frank Rispoli | Chief Financial Officer and Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Edward K. Duch, III | Chief Legal Officer, Vice President, and Secretary | \* |
| Courtney Reid | Chief Compliance Officer | \* |
| James P. Puhala | Deputy Chief Compliance Officer | \* |
| Michael Gilliland | Deputy Chief Compliance Officer | \* |
| Thomas Bauer | Chief Technology Officer | \* |
| Anthony Frogameni | Chief Privacy Officer | \* |
| Linda Bestepe | Vice President | \* |
| Brian Foley | Vice President | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| James Langham | Vice President | \* |
| Michael Thomas | Vice President | 2 Park Ave<br> New York, NY 10016 |
| Daken Vanderburg | Vice President | \* |
| Mary B. Wilkinson | Vice President | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| George Randall | Field Risk Officer | \* |
| Alyssa O'Connor | Assistant Secretary | \* |
| Pablo Cabrera | Assistant Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Jeffrey Sajdak | Assistant Treasurer | \* |
| Elizabeth Marin | Assistant Treasurer | \* |
| Kevin Lacomb | Assistant Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Tricia Cohen | Continuing Education Officer | \* |
| Mario Morton | Registration Manager | \* |
| Kelly Pirrotta | AML Compliance Officer | \* |
| John Rogan | Regional Vice President | \* |
| Sarah Hedges | Regional Vice President | \* |
| David Smith | Regional Vice President | \* |
| Tanya Wilber | Regional Vice President | \* |

---

\* 1295 State Street, Springfield, MA 01111-0001

------

**DIRECTORS AND OFFICERS OF MML DISTRIBUTORS, LLC**

---

| | | |
|:---|:---|:---|
| **Name** | **Positions and Offices** | **Principal Business Address** |
| Elizabeth Forget | Member Representative | 2 Park Ave<br> New York, NY 10016 |
| Douglas Steele | Chief Executive Officer and President | \* |
| Frank Rispoli | Chief Financial Officer and Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Edward K. Duch, III | Chief Legal Officer, Vice President, and Secretary | \* |
| James P. Puhala | Chief Compliance Officer | \* |
| Vincent Baggetta | Chief Risk Officer | \* |
| Alyssa O'Connor | Assistant Secretary | \* |
| Pablo Cabrera | Assistant Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Kevin Lacomb | Assistant Treasurer | 10 Fan Pier Boulevard<br> Boston, MA 02210 |
| Jeffrey Sajdak | Assistant Treasurer | \* |
| Elizabeth Marin | Assistant Treasurer | \* |
| Stephen Alibozek | Entity Contracting Officer | \* |
| Mario Morton | Registration Manager and Continuing Education Officer | \* |
| Kelly Pirrotta | AML Compliance Officer | \* |

---

*(\*)* *1295 State Street, Springfield, MA 01111-0001*

(c) Compensation
 From the Registrant For information about all commissions and other compensation received by each principal underwriter, directly
 or indirectly, from the Registrant during the Registrant's last fiscal year, refer to the "Distribution" section
 of the Statement of Additional Information.

**Item 35. Location of Accounts and Records**

All accounts, books, or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are maintained by the Registrant through C.M. Life Insurance Company, 1295 State Street, Springfield, MA 01111.

**Item 36. Management Services**

Not Applicable

**Item 37. Fee Representation**

**REPRESENTATION UNDER SECTION 26(f)(2)(A) OF THE INVESTMENT COMPANY ACT OF 1940**

C.M. Life Insurance Company hereby represents that the fees and charges deducted under the C.M. Life Electrum Select<sup>SM</sup> ("Electrum Select") policy described in this Registration Statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by C.M. Life Insurance Company.

------

**SIGNATURES**

Pursuant to the requirements of Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Wilmington, and the State of North Carolina on this 24<sup>th</sup> day of April, 2026.

C.M. LIFE VARIABLE LIFE SEPARATE ACCOUNT I

(Registrant)

C.M. LIFE INSURANCE COMPANY

(Depositor)

---

| | |
|:---|:---|
| &nbsp;&nbsp; **By:** | ROGER W. CRANDALL \*<br>Roger W. Crandall<br>President and Chief Executive Officer<br>(principal executive officer)<br>C.M. Life Insurance Company |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Signature** | **Title** | **Date** |
| &nbsp;&nbsp; ROGER W. CRANDALL \*<br>Roger W. Crandall | Director, President and Chief Executive Officer<br>(principal executive officer) | April 24, 2026 |
| &nbsp;&nbsp; MARY JANE FORTIN \*<br>Mary Jane Fortin | Chief Financial Officer<br>(principal financial officer) | April 24, 2026 |
| &nbsp;&nbsp; GREGORY GIARDIELLO \*<br>Gregory Giardiello | Corporate Controller<br>(principal accounting officer) | April 24, 2026 |
| &nbsp;&nbsp; DAVID H. LONG \*<br>David H. Long | Director | April 24, 2026 |
| &nbsp;&nbsp; MICHAEL THOMAS ROLLINGS \*<br>Michael Thomas Rollings | Director | April 24, 2026 |
| &nbsp;&nbsp; MICHAEL J. O'CONNOR \*<br>Michael J. O'Connor | Director | April 24, 2026 |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PAUL LAPIANA \*<br> Paul LaPiana | Director | April 24, 2026 |
| &nbsp;&nbsp; /s/ GARY F. MURTAGH<br>\* Gary F. Murtagh<br>Attorney-in-Fact pursuant to Powers of Attorney |  |  |

---

------

**<u>INDEX TO EXHIBITS</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Item No.** | **Exhibit** |  |  |  |  |  |
| Item 30. | Exhibit (g) | i. | a. | ii. | [Hannover Life Reassurance Company of America Amendment effective February 6, 2024](cmes-efp18281_ex99giaii.htm) | [Hannover Life Reassurance Company of America Amendment effective February 6, 2024](cmes-efp18281_ex99giaii.htm) |
| Item 30. | Exhibit (h) | i. | l. | 2. | [Janus Aspen Series Amended and Restated Fund Participation Agreement dated February 17, 2026 (Janus Aspen Series and C.M. Life Insurance Company)](cmes-efp18281_ex99hil2.htm) | [Janus Aspen Series Amended and Restated Fund Participation Agreement dated February 17, 2026 (Janus Aspen Series and C.M. Life Insurance Company)](cmes-efp18281_ex99hil2.htm) |
| Item 30. | Exhibit (h) | i | m. | 1. | ii. | [Lincoln Funds Amendment No. 2 dated August 1, 2025](cmes-efp18281_ex99him1ii.htm) |
| Item 30. | Exhibit (h) | i | m. | 2. | ii. | [Lincoln Funds Second Admendment to Administrative Services Agreement dated August 1, 2025](cmes-efp18281_ex99him2ii.htm) |
| Item 30. | Exhibit (h) | i. | p. | 1. | i. | [MML Funds First Amendment to Participation Agreement effective March 17, 2017](cmes-efp18281_ex99hip1i.htm) |
| Item 30. | Exhibit (h) | i. | p. | 1. | ii. | [MML Funds Second Amendment to Participation Agreement effective March 31, 2026](cmes-efp18281_ex99hip1ii.htm) |
| Item 30. | Exhibit (h) | i. | v. | 1. | [VanEck VIP Trust Participation Agreement dated January 28, 2021 among VanEck VIP Trust, VanEck Securities Corporation, VanEck Associates Corportation and Massachusetts Mutual Life Insurance Company](cmes-efp18281_ex99hiv1.htm) | [VanEck VIP Trust Participation Agreement dated January 28, 2021 among VanEck VIP Trust, VanEck Securities Corporation, VanEck Associates Corportation and Massachusetts Mutual Life Insurance Company](cmes-efp18281_ex99hiv1.htm) |
|  |  |  |  |  | [i. Amendment dated June 26, 2023](cmes-efp18281_ex99hiv1i.htm) | [i. Amendment dated June 26, 2023](cmes-efp18281_ex99hiv1i.htm) |
|  |  |  |  |  | [ii. Amendment dated February 6, 2026](cmes-efp18281_ex99hiv1ii.htm) | [ii. Amendment dated February 6, 2026](cmes-efp18281_ex99hiv1ii.htm) |
| Item 30. | Exhibit (h) | i. | w. | 2. | iv. | [Vanguard Funds Revised Schedule I to the Defined Contribution Clearance & Settlement Agreement effective as of August 11, 2025](cmes-efp18281_ex99hiw2iv.htm) |
| Item 30. | Exhibit (n) | i. | [Auditor Consents](cmes-efp18281_ex99ni.htm) | [Auditor Consents](cmes-efp18281_ex99ni.htm) | [Auditor Consents](cmes-efp18281_ex99ni.htm) | [Auditor Consents](cmes-efp18281_ex99ni.htm) |
|  |  |  |  | •  | Company Financial Statements | Company Financial Statements |
|  |  |  |  | •  | Separate Account Financial Statements | Separate Account Financial Statements |
| Item 30. | Exhibit (q) | [SEC Procedures Memorandum dated April 23, 2026](cmes-efp18281_ex99q.htm) | [SEC Procedures Memorandum dated April 23, 2026](cmes-efp18281_ex99q.htm) | [SEC Procedures Memorandum dated April 23, 2026](cmes-efp18281_ex99q.htm) | [SEC Procedures Memorandum dated April 23, 2026](cmes-efp18281_ex99q.htm) | [SEC Procedures Memorandum dated April 23, 2026](cmes-efp18281_ex99q.htm) |

---

## Ex-99.(G)Iaii

*Item 26. Exhibit (g) i. a. ii.*

 

---

| |
|:---|
| &nbsp;&nbsp;**___________________________________________________________________________** |
| &nbsp;&nbsp;**NOTE: certain information enclosed within brackets** |
| &nbsp;&nbsp;**has been excluded from this exhibit because it is** |
| &nbsp;&nbsp;**both (i) not material and (ii) would likely cause** |
| &nbsp;&nbsp;**competitive harm to the registrant if publicly disclosed.** |
| &nbsp;&nbsp;___________________________________________________________________ |

---

**AMENDMENT to the**

**AUTOMATIC QUOTA SHARE, FACULTATIVE AND AUTOMATIC EXCESS YRT REINSURANCE AGREEMENT**

between

**MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,**

(hereinafter referred to as the "Ceding Company")

and

**HANNOVER LIFE REASSURANCE COMPNAY OF AMERICA**

(hereinafter referred to as the "Reinsurer")

**Original Treaty Effective Date: January 1, 2023**

**Coverage: APEX Variable Universal Life & Whole Life Facultative**

**TAI Code: [ ] Reinsurer Agreement: [ ]**

Effective February 6, 2024, the Agreement is hereby amended to add facultative coverage for [ ].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section 4.1 of the Agreement is hereby replaced in its entirety with the attached Section 4.1 – <u>Facultative Reinsurance (For both APEX VUL and [ ])</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Section 6.1 of the Agreement is hereby replaced in its entirety with the attached Section 6.1 – <u>Life</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Exhibit A of the Agreement is hereby replaced in its entirety with the attached Exhibit A – <u>Retention Limits of the Ceding Company</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Exhibit B-2 of the Agreement is hereby replaced in its entirety with the attached Exhibit B-2 – <u>[ ].</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Exhibit E of the Agreement is hereby replaced in its entirety with the attached Exhibit E – <u>Reinsurance Premium Rates.</u> 

All other conditions of this Agreement not in conflict with the terms and conditions of this Amendment will continue unchanged.

[SIGNATURE PAGE FOLLOWS]

Page 1 of 7

IN WITNESS WHEREOF, both Parties hereby execute this Amendment in good faith:

**MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY**

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Chad Madore | Date: | 1/11/2025 |
|  | Chad Madore |  |  |
|  | Head of Reinsurance Development & Management |  |  |

---

**C.M. LIFE INSURANCE COMPANY**

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Chad Madore | Date: | 1/11/2025 |
|  | Chad Madore |  |  |
|  | Head of Reinsurance Development & Management |  |  |

---

**HANNOVER LIFE REASSURANCE COMPANY OF AMERICA**

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Brett Prather | Date: | 1/11/2025 |
|  | Brett Prather |  |  |
|  | Assistant Vice President |  |  |

---

**HANNOVER LIFE REASSURANCE COMPANY OF AMERICA**

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Suzanne Downey | Date: | 1/11/2025 |
|  | Suzanne Downey |  |  |
|  | Vice President |  |  |

---

Page 2 of 7

**Section 4.1 – <u>Facultative Reinsurance (For both APEX VUL and [ ])</u>**

For Apex VUL the Ceding Company may submit, on a facultative basis, life insurance risks for plans and eligible Policies as set forth in Exhibit B - <u>Plans Covered and Binding Limits</u> if the requirements for automatic reinsurance are not met, or if the requirements for automatic reinsurance are met but it prefers to apply for facultative reinsurance.

[ ]

A facultative application shall be made that is in substantial accord with Exhibit D – <u>Facultative Submission Form</u>, and shall be accompanied by copies of all the Ceding Company's pertinent papers relating to the insurability of the risk. The Reinsurer shall give immediate consideration to a facultative application and notify the Ceding Company as soon as possible in writing (via mail, fax, or e-mail) of its underwriting offers.

Page 3 of 7

**Section 6.1 – <u>Life</u>**

Reinsurance under this Agreement is on a Yearly Renewable Term basis. The reinsured net amount at risk ("RNAR") will be determined in the manner described below.

**Apex VUL.** The Policy Net Amount at Risk ("PNAR") is defined to be the [ ]. The RNAR is the [ ].

**[ ]**.

For Apex VUL, the Reinsurer will participate in [ ].

[ ].

Page 4 of 7

&nbsp;&nbsp;**[ ]**

**EXHIBIT A: Retention Limits of the Ceding Company**

[table deleted]

**[ ]**.

**[ ]**

Page 5 of 7

**EXHIBIT B-2**: [ ]

[ ]

Page 6 of 7

**Exhibit E: Reinsurance Premium Rates**

**E.1 Reinsurance Premium Calculation**

**[ ]** = reinsurance premium

**E.2 Reinsurance Premium Rates**

Reinsurance premiums will be paid annually in advance, based on the annual reinsurance premiums for those Policies crossing their anniversaries in the reporting month. First year premium rates are **[ ]**.

For those Policies issued January 1, 2023 through April 19, 2024, reinsurance premium rates are attached in Addendum A.

For those Policies issued on or after April 20, 2024, reinsurance premium rates are attached in Addendum A-1.

Reinsurance premiums will be paid to the Reinsurer until death, Policy maturity/expiry, lapse, or [ ], unless otherwise mutually agreed to in writing.

Reinsurance premium rates starting at age [ ] will increase by [ ]. The maximum premium rates stated in Article 7, Section 7.4 are not applicable to these extended rates.

[ ].

The Reinsurer provides facultative capacity and excess capacity of up to $[ ].

[ ].

**E.3 Percentages**

Not applicable to this Agreement.

**E.4 Policy Fees**

No Policy fees shall be paid under this Agreement.

**E.5 Age Basis**

Age nearest birthday

**E.6 Flat Extras**

Policies with permanent and temporary flat extra ratings will have reinsurance premiums that are **[ ]**.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **[ ]**

Permanent flat extras (extra premium payable for more than **[ ]**) will drop off the Policy after **[ ] [ ]**in accordance with Section 9.3 – <u>Risk Classification Changes</u>*.*

**E.7 Table Rated Risks**

For life insurance on a risk classified as substandard which is assigned a table rating, the reinsurance premium rates **[ ]**.

Permanent ratings will drop off the Policy after the **[ ]** in accordance with Section 9.3 – <u>Risk Classification Changes</u>.

**E.8** [ ]

[ ]

Page 7 of 7

## Ex-99.(H)Il2

*Item 30. Exhibit (h). i. l. 2.*

**JANUS ASPEN SERIES**

**AMENDMENT TO**

Amended and Restated

**FUND PARTICIPATION AGREEMENT**

**(Institutional Shares)**

**For Registered Separate Accounts**

 ****

C.M. Life Insurance Company (the "Company") and Janus Aspen Series, an open-end management investment company organized as a Delaware business trust (the "Trust"), entered into a certain Amended and Restated Fund Participation Agreement dated August 7, 2023, as amended (the "Participation Agreement"). This Amendment (the "Amendment") to the Participation Agreement is entered into as of 17th day of February, 2026, (the "Effective Date") by and among the Company, on its own behalf and on behalf of each separate account of the Company as set forth in the Participation Agreement, as may be amended from time to time (individually and collectively the "Accounts") and the Trust (collectively, the "Parties").

**WHEREAS**, the parties desire to amend the Agreement;

**NOW THEREFORE**, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Schedule A to the Agreement is hereby deleted in its entirety and replaced
with the attached Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Except as expressly provided in this amendment, all other terms and provisions
of the Agreement shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Terms used, but not otherwise defined herein, shall have the meaning set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. This Amendment may be executed in several counterparts, each of which
shall be an original but all of which together shall constitute one and the same instrument. Counterparts may be executed in either original
or electronically transmitted form (e.g., facsimile or emailed portable document format (PDF)), and the parties hereby adopt as original
any signatures received via electronically transmitted form. Facsimile or electronic signatures will have the same legal effect as original
signatures.

*[signature page follows]*

IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Participation Agreement as of the date and year first above written.

---

| | |
|:---|:---|
| **JANUS ASPEN SERIES** | **JANUS ASPEN SERIES** |
| By: | /s/ Stephanie Grauerholz |
| Name: | Stephanie Grauerholz |
| Title: | Interim Vice President, Secretary and Chief Legal Officer |
| **C.M. LIFE INSURANCE COMPANY** | **C.M. LIFE INSURANCE COMPANY** |
| By: | /s/ Laura Johnson |
| Name: | Laura Johnson |
| Title: | Vice President |

---

<u>Schedule A</u>

<u>Separate Accounts and Associated Contracts</u>

---

| | |
|:---|:---|
| <u>Name of Separate Account and Date Established</u> | <u>Contracts Funded By Separate Account</u> |
| C.M. Multi-Account A | Panorama Premier |
| (August 3, 1994) | Panorama Passage |
|  | MassMutual Artistry |
| C.M. Life Variable Life Separate Account I | Survivorship Variable Universal Life II |
| (February 2, 1995) | Variable Universal Life |
|  | Apex VUL<sup>SM |
|  | C.M. Life Electrum Select<sup>SM |

---

## Ex-99.(H)Im1Ii

*Item 30. Exhibit (h) i. m. 1. ii.*

**Second Amendment to Fund Participation Agreement**

This Second Amendment (the "Amendment"), by and among Lincoln Variable Insurance Products Trust, a Delaware statutory trust ("Trust"), on its behalf and on behalf of its investment series set forth in Exhibit A to the Fund Participation Agreement (each, a "Fund"), Lincoln Financial Investments Corporation, a Tennessee corporation ("Adviser"), Lincoln Financial Distributors, Inc., a Connecticut corporation ("Distributor"), Massachusetts Mutual Life Insurance Company, a life insurance company organized under the laws of the Commonwealth of Massachusetts ("MassMutual"), C.M. Life Insurance Company, a life insurance company organized under the laws of the State of Connecticut ("C.M. Life"), and MML Bay State Life Insurance Company, a life insurance company organized under the laws of the State of Connecticut ("MML Bay State" and together with MassMutual and C.M. Life, "Company") is effective as of August 1, 2025 (the "Effective Date").

WHEREAS, the parties hereto entered into the Fund Participation Agreement ("FPA"), executed and effective as of May 1, 2023**,** as amended**,** and

WHEREAS, the parties desire to amend the Agreement to add additional separate accounts and contracts to invest in the Funds;

NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Exhibit
 B is deleted in its entirety and replaced with Exhibit B attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Unless
 otherwise defined in this Amendment, all terms used herein shall have the meanings they were
 ascribed in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. All
 other terms and conditions of the Agreement remain in effect and are hereby incorporated
 herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. This
 Amendment may be executed in counterparts, each of which shall be deemed to be an original.

*[Signature Page to Follow]*

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed by its duly authorized representative as of the Effective Date.

---

| | | | |
|:---|:---|:---|:---|
| Lincoln Variable Insurance Products Trust | Lincoln Variable Insurance Products Trust | Lincoln Financial Investments Corporation | Lincoln Financial Investments Corporation |
| By: | /s/ Benjamin Richer | By: | /s/ Benjamin Richer |
| Name: | Benjamin Richer | Name: | Benjamin Richer |
| Title: | SVP, Head of Funds Management | Title: | SVP, Head of Funds Management |
| Date: | 7/8/2025 | Date: | 7/8/2025 |
| Lincoln Financial Distributors, Inc. | Lincoln Financial Distributors, Inc. | Massachusetts Mutual Life Insurance Company | Massachusetts Mutual Life Insurance Company |
| By: | /s/ Michael Herron | By: | /s/ Laura Johnson |
| Name: | Michael Herron | Name: | Laura Johnson |
| Title: | VP Sales Operations | Title: | Head of Institutional Insurance |
| Date: | 7/8/2025 | Date: | 8/6/2025 |
| C.M. Life Insurance Company | C.M. Life Insurance Company | MML Bay State Life Insurance Company | MML Bay State Life Insurance Company |
| By: | /s/ Laura Johnson | By: | /s/ Laura Johnson |
| Name: | Laura Johnson | Name: | Laura Johnson |
| Title: | Vice President | Title: | Vice President |
| Date: | 8/6/2025 | Date: | 8/6/2025 |

---

**Exhibit B**

**Separate Accounts of the Company Registered Under the 1940 Act as Unit Investment Trusts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• C.M.
 Life Variable Life Separate Account I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MML
 Bay State Variable Life Separate Account I

**Separate Accounts of the Company Not Registered Under the 1940 Act as Unit Investment Trusts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account VII

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account IX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account X

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MML
 Bay State Variable Life Separate Account II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MML
 Bay State Variable Life Separate Account III

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MML
 Bay State Variable Life Separate Account IV

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MML
 Bay State Variable Life Separate Account V

**Variable Annuity Contracts and Variable Life Insurance Contracts Registered Under the Securities Act of 1933**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MassMutual
 Electrum<sup>SM</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• C.M.
 Life Electrum Select<sup>SM</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Group Variable Universal Life

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable
 Universal Life II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable
 Universal Life

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable
 Life Select

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Survivorship
 VUL Guard

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• VUL
 Guard

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Survivorship
 Variable Universal Life II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Survivorship
 Variable Universal Life

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Variable Life<sup>®</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Variable Life<sup>®</sup> Plus

**Variable Annuity Contracts and Variable Life Insurance Contracts Not Registered Under the Securities Act of 1933**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Life 5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Life 14

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Life 20

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Life 20B

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic
 Life 21

## Ex-99.(H)Im2Ii

*Item 30. Exhibit (h) i. m. 2. ii.*

**Second Amendment to Administrative Services Agreement**

This Second Amendment (the "Amendment"), by and among, Lincoln National Life Insurance Company (the "Administrator"), Massachusetts Mutual Life Insurance Company, a life insurance company organized under the laws of the Commonwealth of Massachusetts ("MassMutual"), C.M. Life Insurance Company, a life insurance company organized under the laws of the State of Connecticut ("C.M. Life"), and MML Bay State Life Insurance Company, a life insurance company organized under the laws of the State of Connecticut ("MML Bay State" and together with MassMutual and C.M. Life, "Company") is effective as of August 1, 2025 (the "Effective Date").

WHEREAS, the Administrator and Company entered into the Administrative Services Agreement, as amended ("Agreement"), executed and effective as of May 1, 2023; and

WHEREAS, the parties desire to amend the Agreement to add additional separate accounts and contracts to invest in the Funds;

NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Schedule Two shall be deleted in its entirety and replaced with the amended
Schedule Two attached below .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Unless otherwise defined in this Amendment, all terms used herein shall have the meanings they were
ascribed in the Agreement.

3. All other terms and conditions of the Agreement remain in effect and are hereby incorporated herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. This Amendment may be executed in counterparts, each of which shall be deemed to be an original.

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed by its duly authorized representative as of the Effective Date.

---

| | | | |
|:---|:---|:---|:---|
| Lincoln National Life Insurance Company | Lincoln National Life Insurance Company | Massachusetts Mutual Life Insurance Company | Massachusetts Mutual Life Insurance Company |
| By: | /s/ Benjamin Richer | By: | /s/ Laura Johnson |
| Name: | Benjamin Richer | Name: | Laura Johnson |
| Title: | SVP, Head of Funds Management | Title: | Head of Institutional Insurance |
| Date: | 7/8/2025 | Date: | 8/6/2025 |
| C.M. Life Insurance Company | C.M. Life Insurance Company | MML Bay State Life Insurance Company | MML Bay State Life Insurance Company |
| By: | /s/ Laura Johnson | By: | /s/ Laura Johnson |
| Name: | Laura Johnson | Name: | Laura Johnson |
| Title: | Vice President | Title: | Vice President |
| Date: | 8/6/2025 | Date: | 8/6/2025 |

---

**<u>Schedule Two</u>**

---

| | |
|:---|:---|
| **Separate Account** | &nbsp;&nbsp; **Variable Contract** |
| Massachusetts Mutual Variable Life Separate Account I | &nbsp;&nbsp; MassMutual Electrum<sup>SM</sup><br> Strategic Group Variable Universal Life®<br> Variable Universal Life II<br> Variable Universal Life<br> Variable Life Select<br> Survivorship VUL Guard<sup>SM</sup><br> VUL Guard<sup>SM</sup><br> Survivorship Variable Universal Life II<br> Survivorship Variable Universal Life<br> Strategic Variable Life®<br> Strategic Variable Life® Plus |
| C.M. Life Variable Life Separate Account I | &nbsp;&nbsp; C.M. Life Electrum Select<sup>SM</sup><br> Variable Universal Life<br> Survivorship Variable Universal Life II<br> Survivorship Variable Universal Life |
| MML Bay State Variable Life Separate Account I | &nbsp;&nbsp;&nbsp;&nbsp;Variable Life Select |
| Massachusetts Mutual Variable Life Separate Account VII | &nbsp;&nbsp; Strategic Life 14<br>Strategic Life 20B |
| Massachusetts Mutual Variable Life Separate Account IX | Strategic Life 20 |
| Massachusetts Mutual Variable Life Separate Account X | &nbsp;&nbsp;&nbsp;&nbsp;Strategic Life 21 |
| MML Bay State Variable Life Separate Account II<br>MML Bay State Variable Life Separate Account III<br>MML Bay State Variable Life Separate Account IV<br>MML Bay State Variable Life Separate Account V | &nbsp;&nbsp;&nbsp;&nbsp;Strategic Life 5 |

---

## Ex-99.(H)Ip1I

*Item 30. Exhibit (h). i. p. 1. i.*

**FIRST AMENDMENT TO FUND PARTICIPATION AGREEMENT**

This First Amendment, effective as of March 17, 2017, is by and among MML Series Investment Fund ("MML Trust"), Massachusetts Mutual Life Insurance Company ("MassMutual"); American Funds Insurance Series ("Series"); and Capital Research and Management Company ("CRMC"). This Amendment amends the Fund Participation Agreement (the "Agreement") dated the 15<sup>th</sup> day of August, 2008. All capitalized terms used herein and not otherwise defined shall have the meaning ascribed such terms in the Agreement.

WHEREAS, the Series, CRMC and American Funds Distributors, Inc. received an Order from the U.S. Securities and Exchange Commission dated July 14, 2015 (Release No. 31715, File No. 812-14325) granting an exemption from Section 12(d)(l)(A) and 12(d)(l)(B) of the Investment Company Act of 1940 (the "Order"); and

WHEREAS, MML and MassMutual intend to rely on the Order to invest in the Series Funds as underlying investments of the fund of funds within the MML Trust;

NOW, THEREFORE, in consideration of the foregoing and of mutual covenants and conditions set forth herein and for other good and valuable consideration, MML, MassMutual, AFIS and CRMC hereby agree as follows:

1. Section 4. The first sentence of Section 4 of the Agreement is amended and replaced with the following:

"The Series agrees to make Class l shares of the Series Funds that offer such share class available to the MML Funds. MML Trust and MassMutual agree to give the Series and CRMC thirty (30) days' notice prior to adding any additional Series Funds as underlying investments for an MML Fund. The Series reserves the right to approve any proposed addition by MML Trust and MassMutual."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Schedule B is hereby deleted from the Agreement in its entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Section 15 is hereby added to the Agreement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Series and CRMC represent and warrant to the MML Trust and MassMutual
that each has received a copy of the Order, and that CRMC and the board of trustees of the Series understand the terms and conditions
of the Order. The Series and CRMC each hereby agree to adhere to the terms and conditions of, and fulfill their responsibilities under,
the Order as set forth in the Order and to adopt such procedures as may be necessary to comply with the terms and conditions of the Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The MML Trust and MassMutual represent
and warrant to the Series and CRMC that each has received a copy of the Order, and that MassMutual and the board of trustees of the MML
Trust understand the terms and conditions of the Order. The MML Trust and MassMutual each hereby agree to adhere to the terms and conditions
of, and fulfill their responsibilities under, the Order as set forth in the Order
and to adopt such procedures as may be necessary to comply with the terms and conditions of the Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The MML Trust represents and warrants that it shall be responsible for voting
shares of the Series Funds in a manner consistent with the terms of the Order.

Except as expressly supplemented, amended or consented to hereby, all of the representations and conditions of the Agreement will remain unamended and will continue to be in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first above written.

---

| | | | |
|:---|:---|:---|:---|
| MML SERIES INVESTMENT FUND | MML SERIES INVESTMENT FUND | AMERICAN FUNDS INSURANCE SERIES | AMERICAN FUNDS INSURANCE SERIES |
| By: | /s/ Renee Hitchcock | By: | /s/ Steven I. Koszalka |
| Name: | Renee Hitchcock | Name: | Steven I. Koszalka |
| Title: | CFO and Treasurer | Title: | Secretary |
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | CAPITAL RESEARCH AND MANAGEMENT COMPANY | CAPITAL RESEARCH AND MANAGEMENT COMPANY |
| By: | /s/ Tina Wilson | By: | /s/ Michael J. Downer |
| Name: | Tina Wilson | Name: | Michael J. Downer |
| Title: | Senior Vice President | Title: | SR. Vice President and Secretary |

---

## Ex-99.(H)Ip1Ii

*Item 30. Exhibit (h). i. p. 1. ii*.

**<u>SECOND AMENDMENT</u>**

<u>**FUND PARTICIPATION AGREEMENT**</u>

This Second Amendment ("Amendment"), effective as of March 31, 2026, amends the Fund Participation Agreement ("Agreement"), dated August 15, 2008, as amended, by and among MML Series Investment Fund ("MML Trust"), Massachusetts Mutual Life Insurance Company ("MassMutual"); American Funds Insurance Series ("Series"); and Capital Research and Management Company ("CRMC").

WHEREAS, MassMutual is no longer the investment adviser to the MML Trust;

WHEREAS, MML Investment Advisers, LLC, a wholly owned subsidiary of MassMutual, now serves as the investment adviser to the MML Funds; and

WHEREAS, the parties desire to amend the Agreement to reflect the foregoing change in investment adviser and to clarify the scope of eligible MML Funds as set forth herein;

NOW, THEREFORE, the parties to the Agreement hereby agree as follows:

---

| | |
|:---|:---|
| 1. | **Investment Adviser Update** |
|  | The parties acknowledge and agree that, as of the date of this Amendment, any references in the Agreement to MassMutual as the investment adviser to the MML Trust shall be deemed to refer to MML Investment Advisers, LLC. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Schedule
 A is replaced in its entirety with the revised Schedule A attached hereto

Except as expressly set forth in this Amendment, all other terms and provisions of the Agreement shall remain in full force and effect.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

---

| | | | |
|:---|:---|:---|:---|
| **Massachusetts Mutual Life Insurance Company (on behalf of itself and each Account)** | **Massachusetts Mutual Life Insurance Company (on behalf of itself and each Account)** | **MML Investment Advisers, LLC** | **MML Investment Advisers, LLC** |
| By: | /s/ Douglas Steele | By: | /s/ Douglas Steele |
| Name: | Douglas Steele | Name: | Douglas Steele |
| Title: | Head of MassMutual Investments | Title: | President |
| Date: | March 23, 2026 | Date: | March 23, 2026 |
| **MML Series Investment Fund** | **MML Series Investment Fund** | **Capital Research and Management Company** | **Capital Research and Management Company** |
| **(on behalf of itself and each MML Fund)** | **(on behalf of itself and each MML Fund)** |  |  |
| By: | /s/ Douglas Steele | By: | /s/ Michael J. Triessl |
| Name: | Douglas Steele | Name: | Michael Triessl |
| Title: | President | Title: | Authorized Signatory |
| Date: | March 23, 2026 | Date: | March 25, 2026 |
| **American Funds Insurance Series** | **American Funds Insurance Series** |  |  |
| By: | /s/ Michael W. Stockton |  |  |
| Name: | Michael W Stockton |  |  |
| Title: | Executive Vice President |  |  |
| Date: | March 25, 2026 |  |  |

---

**<u>Schedule A</u>**

MML Trust agrees to make available all MML Funds that utilize a master-feeder or fund-of-funds structure. Such MML Funds will be available for any contracts, policies, and/or separate accounts sponsored by MassMutual or its life insurance subsidiaries, MML Bay State Life Insurance Company and C.M. Life Insurance Company.

## Ex-99.(H)Iv1

*Item 30. Exhibit (h) i. v. 1.*

**PARTICIPATION AGREEMENT**

Among

VANECK VIP TRUST,

VAN ECK SECURITIES CORPORATION,

VAN ECK ASSOCIATES CORPORATION

and

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

THIS AGREEMENT, made and entered into to be effective on January 28, 2021, by and among **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,** a life insurance company organized under the laws of the Commonwealth of Massachusetts (hereinafter the "Company"), on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto and incorporated herein by this reference, as such Schedule A may from time to time be amended by mutual written agreement of the parties hereto (each such account hereinafter referred to as the "Account"), and **VANECK VIP TRUST**, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (hereinafter the "Fund"), **VAN ECK SECURITIES CORPORATION** (hereinafter the "Underwriter"), a Delaware corporation and **VAN ECK ASSOCIATES CORPORATION** (hereinafter the "Adviser"), a Delaware corporation.

WHEREAS, the Fund engages in business as an open-end management investment company and is available to act as the investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts (hereafter referred to collectively as the "Variable Insurance Products") to be offered by insurance companies which have entered into participation agreements with the Fund and the Underwriter (hereinafter the "Participating Insurance Companies"); and

WHEREAS, the beneficial interest in the Fund is divided into several series of shares, each representing the interest in a particular managed portfolio of securities and other assets (each such series hereinafter referred to as a "Portfolio"); and

WHEREAS, the Fund has obtained an order from the Securities and Exchange Commission (hereinafter the "SEC") (File No. 812-7451), granting Participating Insurance Companies and variable annuity and variable life insurance separate accounts exemptions from the provisions of Sections 9(a), 13(a), 15(a), and 15(b) of the Investment Company Act of 1940, as amended, (hereinafter the "1940 Act") and Rules 6e-2(b) (15) and 6e-3(T) (b) (15) thereunder, to the extent necessary to permit shares of the Fund to be sold to and held by variable annuity and variable life insurance separate accounts of both affiliated and unaffiliated life insurance companies (hereinafter the "Shared Funding Order"); and

WHEREAS, the Fund is registered as an open-end management investment company under the 1940 Act and its shares are registered under the Securities Act of 1933, as amended (hereinafter the "1933 Act"); and

WHEREAS, the Variable Insurance Products identified on Schedule A hereto ("Contracts"), as such Schedule may be amended from time to time, have been or will be registered by the Company under the 1933 Act, unless such Contracts are exempt from registration thereunder; and

WHEREAS, each Account is a duly organized, validly existing segregated asset account, established by resolution of the Board of Directors of the Company, on the date shown for such Account on Schedule A hereto, to set aside and invest assets attributable to the aforesaid variable life insurance and variable annuity contracts; and

WHEREAS, the Company has registered or will register each Account as a unit investment trust under the 1940 Act, unless such Account is exempt from registration thereunder; and

WHEREAS, the Underwriter is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as amended (hereinafter the "1934 Act"), and is a member in good standing of the Financial Industry Regulatory Authority, Inc. (hereinafter "FINRA"); and

WHEREAS, the Adviser is duly registered as an investment adviser under the Investment Advisers Act of 1940 and any applicable state securities law; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, the Company intends to purchase shares in the Portfolios on behalf of each Account to fund certain of the aforesaid variable life and variable annuity contracts and the Underwriter is authorized to sell such shares to unit investment trusts such as each Account at net asset value;

NOW, THEREFORE, in consideration of their mutual promises, the Company, the Fund, the Underwriter and the Adviser agree as follows:

ARTICLE I

<u>Sale of Fund Shares</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. The Underwriter agrees to sell to the Company those shares of the Portfolios (which are listed on Schedule B attached hereto and incorporated herein by this reference, as such Schedule B may from time to time be amended by mutual written agreement of the parties hereto) which each Account orders, executing such orders on a daily basis at the net asset value per share next computed after receipt by the Fund or its designee of the order for the shares of the Portfolios, at the time of computation as stated in the Fund's registration statement ("Cutoff Time"), subject to the terms and conditions of this Agreement. Purchase and redemption of shares of the Portfolios of the Fund shall be ordered in such quantities and at such times as determined by the Company to be necessary to meet the requirements of the Contracts. The Cutoff Time generally is 4:00 p.m. (Eastern Time) on that Business Day. For purposes of this Section 1.1, the Company shall be the

designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day in the case of manual trades made pursuant to Section 1.3 below. "Business Day" shall mean any day on which the New York Stock Exchange is open for business and on which the Fund calculates the Portfolios' net asset values pursuant to the rules of the SEC. In no event shall the Company accept any order with respect to the Fund or any portfolio thereof after the Cutoff Time or any other time that may be established by law, rule, or regulation, including the rules of an appropriate Self-Regulatory Organization.

1.2 If the parties choose to use Fund/SERV or any other NSCC service, the following provisions shall apply:

The parties agree to communicate, process and settle purchase and redemption transactions for shares with respect to each Account through the NSCC's Fund/SERV and Networking systems or other NSCC service or system (collectively, the "NSCC System") unless NSCC Systems are unavailable or if the parties otherwise choose to process transactions manually, in either case they shall process in accordance with Section 1.1 of this Agreement. The following provisions shall apply to transactions for shares with respect to the Accounts through NSCC Systems:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. For these purposes, "Networking" means NSCC's system that allows mutual funds and life insurance companies to exchange account level information electronically; and "Settling Bank" shall mean the entity appointed by the Fund or the Company, as applicable, to perform such settlement services on behalf of the Fund and the Company, as applicable, which entity agrees to abide by NSCC's then current rules and procedures to the extent they relate to same day settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. On each Business Day, the Company shall aggregate and calculate the net purchase and redemption orders for each Account received by the Company prior to the Close of Trading. The Company shall communicate to the Fund or its designee for that Business Day, through Fund/SERV, the net aggregate purchase or redemption orders for each Account received by the Close of Trading on such Business Day (the "Trade Date") no later than 7:00 a.m. Eastern Time on the Business Day following the Trade Date. All orders received by the Company after the Close of Trading on a Business Day shall not be transmitted to NSCC prior to the following Business Day. The Fund shall treat all trades communicated to the Fund in accordance with this provision as received prior to the Close of Trading on the Trade Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Fund shall calculate the net asset value per share of each Portfolio on each Business Day, and shall furnish to the Company through NSCC's Networking or Mutual Fund Profile System: (i) the most current net asset value information for each Portfolio; and (ii) in the case of fixed income funds that declare daily dividends, the daily accrual or the interest rate factor. The Fund shall make the net asset value per share for each Portfolio available to the Company on a daily basis as soon as reasonably practical after the the net asset value per share is calculated (normally by 6:30 pm Eastern Time) and shall use its best efforts to make such net asset value per share available by 7:00 pm Eastern Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The Company will wire payment for net purchase orders using the Fund's NSCC Firm Number, in immediately available funds, to an NSCC Settling Bank account designated by the Fund or its designee in accordance with NSCC rules and procedures on the same Business Day such purchase orders are communicated to NSCC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. The Fund will redeem any full or fractional shares of any Portfolio, when requested by the Company on behalf of an Account, at the net asset value next computed after receipt by the Company (as designee of the Fund) of the order for redemption. The Fund will use NSCC to wire payment for net redemption orders in immediately available funds, to an NSCC Settling Bank account designated by the Company in accordance with NSCC rules and procedures on the Business Day such redemption orders are communicated to NSCC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. In the event there is a delay in the transmission of an order through the NSCC caused by a systems malfunction or delay at the Company, Fund will guarantee the price at which the order to purchase or sell Fund shares was placed, as long as a price protection request is made by 10:00 a.m. Eastern Time on the next Business Day.

1.3 If there are technical problems with Fund/SERV, or if the parties are not able to transmit or receive information through Fund/SERV, or in the event there are rejected trades which require manual settlement due to exceptions processing, then the parties will follow the process set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. The Fund agrees to make Portfolio shares available for purchase at the applicable net asset value per share by the Company and its Accounts on those days on which the Fund calculates net asset values pursuant to the rules of the SEC and the Fund shall use reasonable efforts to calculate such net asset values on each day on which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Board of Trustees of the Fund (hereinafter the "Board") may refuse to sell shares of any Portfolio to any person, or suspend or terminate the offering of shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction, or if it is, in the sole discretion of the Board, desirable or advisable, and in the best interests of the shareholders of such Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5. The Fund and the Underwriter agree that shares of the Fund will be sold only to Participating Insurance Companies and their separate accounts or other accounts (e.g., qualified retirement plans) as may be permitted so that the Variable Insurance Products continue to qualify as a "life insurance, annuity or variable contract" under Section 817(h) of the Internal Revenue Code of 1986, as amended (hereinafter the "Code"). No shares of any Portfolio will be sold to the general public.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6. The Fund and the Underwriter will not sell Fund shares to any insurance company, separate account or other account unless an agreement containing provisions substantially the same as Article I, Section 2.5 of Article II, Sections 3.4 and 3.5 of Article III, Article V and Article VIII of this Agreement is in effect to govern such sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7. Subject to its rights under Section 18(f) of the 1940 Act, the Fund agrees to redeem for cash, on the Company's request, any full or fractional shares of a Portfolio held by the Company, executing such requests on a daily basis at the net asset value per share next computed after receipt by the Fund or its designee of the request for redemption. For purposes of this Section 1.7, the Company shall be the designee of the Fund for receipt of requests for redemption from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such request for redemption by 10:00 a.m., Eastern Time, on the next following Business Day. Payment of redemption proceeds for any whole or fractional shares shall be made within seven days of actual receipt of the redemption request by the Fund, or within such greater or lesser period as may be permitted by law or rule, regulation, interpretive position or order of the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8. The Company agrees that purchases and redemptions of Portfolio shares offered by the then-current prospectus of the Fund shall be made in accordance with the provisions of such prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9. The Company shall pay for Portfolio shares on the next Business Day after an order to purchase such shares is made in accordance with the provisions of this Article I. Payment shall be in federal funds transmitted by wire. For purposes of Sections 2.10 and 2.11, upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10. Issuance and transfer of the Fund's shares will be by book entry only. Stock certificates will not be issued to the Company or any Account. Shares ordered from the Fund will be recorded in an appropriate title for each Account or the appropriate subaccount of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 The Fund agrees to provide the Company (via a third party service such as DST Vision), by 2:00 p.m. Eastern Time on each Business Day, the total number of Portfolio Shares held by each Account as of the close of the immediately preceding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12. The Fund shall furnish same day notice (by email) to the Company of any income dividends or capital gain distributions payable on a Portfolios' shares. The Company hereby elects to receive all such income dividends and capital gain distributions as are payable on the Portfolio shares in additional shares of that Portfolio. The Company reserves the right to revoke this election and to receive all such income dividends and capital gain distributions in cash. The Fund shall notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13. The Fund shall furnish the Company, on each Business Day, with the following information as each becomes available: (i) fund identifier (CUSIP and Ticker), (ii) fund name, (iii) net asset value information as determined at or about the Close of Trading or at such other time at which a Fund's net asset value is calculated as specified in such Fund's prospectus, (iv) change in net asset value, (v) dividend information, and (vii) capital gains information (collectively, "Pricing Information") on a daily basis as soon as reasonably practical after the net asset value per share is calculated and shall use its best efforts to make such Pricing Information available by 7:00 p.m., Eastern Time, even when the NSCC is being utilized for fund orders. This time for transmission shall not be considered the Cutoff Time. The Fund or its designee(s) will also furnish the Company a list of pricing and dividend contacts, and a list of after hour contacts in the event Pricing Information needs to be verified after normal operating hours.

1.14 If there are corrections to a Portfolio's net asset value, the determination of the materiality of any net asset value pricing error and its correction shall be based on the SEC's recommended guidelines regarding these errors. Any material error in the calculation or reporting of net asset value per share, dividend or capital gain information shall be reported promptly to the Company upon discovery. In the event that the Fund or its designee provides incorrect Pricing Information to the Company and said error causes a monetary loss to any Account maintained by the Company, then the Fund shall be responsible for compensating the Account(s) so that any Contract owner who has incurred such a loss shall be made whole in accordance with the Fund's pricing error correction policy. The Fund agrees to compensate the Company for the reasonable costs of any reprocessing activity necessary to adjust the Company's record-keeping systems as a result of an error or delay caused by the Fund or its designee. In the event that any Account experiences a monetary gain from incorrect Pricing Information supplied by the Fund or its designee, the Company shall adjust such Account in accordance with the Fund's pricing error correction policy. In the event that any Account experiences a monetary gain in excess of $10,000, the Fund shall be responsible for all reasonable and demonstrable expenses incurred by the Company in attempting to recover overpayments. The Company shall submit an invoice to the Fund or its agents for such losses incurred as a result of the above which shall be payable within sixty (60) days of receipt. Should a material miscalculation by the Fund or its agents result in a gain to the Company, the Company shall promptly reimburse the Fund, the applicable Portfolios or its agents for any material losses incurred by the Fund, the applicable Portfolios or its agents as a result of the incorrect calculation. Should a material miscalculation by the Fund or its agents result in a gain to Contract owners, the Company will consult with the Fund or its designee as to what reasonable efforts shall be made to recover the money and repay the Fund, the applicable Portfolio or its agents. The Company shall then make such reasonable effort, at the expense of the Fund or its agents, to recover the money and repay the Fund, the applicable Portfolios or its agents; but the Company shall not be obligated to take legal action against Contract owners.

1.15 The Fund agrees that all Participating Insurance Companies shall have the obligations and responsibilities regarding conflicts of interest corresponding to those contained in Article VIII of this Agreement.

1.16 The parties agree to reasonably cooperate for the purpose of discouraging frequent or disruptive trading in Shares of the Portfolios and have entered into a Rule 22c-2 "shareholder information agreement" as of the effective date of this Agreement, attached as **Schedule F** to this Agreement. Nothing in this Agreement shall require or impose any duty or obligation on the Company to monitor trading activity for compliance with the Fund's policies regarding frequent trading or market timing.

ARTICLE II

<u>Representations and Warranties</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. The Company represents and warrants that the Contracts are or will be registered under the 1933 Act or exempt therefrom; that the Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws and that the sale of the Contracts shall comply in all material respects with state insurance suitability requirements. The Company

further represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established each Account prior to any issuance or sale thereof as a segregated asset account under the Insurance Code and Regulations of the Commonwealth of Massachusetts, and has registered or, prior to any issuance or sale of the Contracts, will, unless exempt from registration, register each Account as a unit investment trust in accordance with the provisions of the 1940 Act to serve as a segregated investment account for the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. The Company represents that the Contracts will be eligible for treatment as life insurance or annuity contracts under applicable provisions of the Code and that it will make every effort to maintain such treatment and that it will notify the Fund and the Underwriter promptly upon having determined that the Contracts may have ceased to be so treated or that they might not be so treated in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. The Company represents and warrants that all of its directors/trustees, employees, agents and other individuals/entities dealing with money and/or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage, in an amount not less than $5 million. The aforesaid bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company. The Company shall endeavor to notify the Fund, the Underwriter and the Adviser in the event that such coverage no longer applies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. The Fund represents and warrants that Fund shares sold pursuant to this Agreement are registered under the 1933 Act and such registration will be maintained to the extent required by law, duly authorized for issuance and sale in compliance in all material respects with the terms of this Agreement and all applicable federal and state securities laws, and that, while shares of the Portfolios are being offered for sale, the Fund is and shall remain registered under the 1940 Act. The Fund shall amend its Registration Statement under the 1933 Act and the 1940 Act from time to time as required in order to effect the continuous offering of Portfolio shares. The Fund shall register or otherwise qualify the shares for sale in accordance with the laws of the various states only if and to the extent deemed advisable by the Fund or the Underwriter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. The Fund represents that each Portfolio is qualified as a Regulated Investment Company under Subchapter M of the Code and that it will make every effort to maintain such qualification (under Subchapter M or any successor or similar provision) and that it will notify the Company promptly upon having determined that any Portfolio may have ceased to so qualify or that it might not so qualify in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6. The Fund makes no representation as to whether any aspect of its operations (including, but not limited to, fees, expenses and investment policies) complies with the insurance laws or regulations of the various states except that the Fund represents that the Fund has disclosed or made available, in writing, all information requested by Company and represents and warrants that such written information is true and accurate in all material respects as of the effective date of this Agreement. Without prior written notice to the Company, the Fund will not make any changes in fundamental investment policies or advisory fees, and shall at all times remain in compliance with federal securities law as it applies to insurance products. The Company will use its best efforts to provide the Fund with copies of amendments to provisions of state insurance laws and regulations related to separate accounts and variable products, which may affect Fund operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7. The Fund represents that it is lawfully organized and validly existing under the laws of the Commonwealth of Massachusetts and that it does and will comply in all material respects with the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8. The Underwriter represents and warrants that it is a member in good standing of FINRA and is registered as a broker-dealer with the SEC. The Underwriter further represents that it will sell and distribute Portfolio shares to the Company in accordance with all applicable state and federal securities laws, including, without limitation, the 1933 Act, the 1934 Act and the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9. The Adviser represents and warrants that it is and shall remain duly registered in all material respects under all applicable federal and state securities laws and that it shall perform its obligations for the Fund in compliance in all material respects with any applicable state and federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10. The Fund, the Underwriter and the Adviser represent and warrant that all of their directors/trustees, officers, employees, investment advisers and other individuals/entities dealing with money and/or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Fund, in an amount not less than the minimum coverage as required by Rule 17g-1 of the 1940 Act or related provisions as may from time to time be promulgated. The aforesaid bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company. The Fund shall notify the Company in the event such coverage no longer applies.

ARTICLE III

<u>Prospectuses and Proxy Statements; Voting</u>

3.1. The Underwriter shall provide the Company (at the Underwriter's expense) with as many copies of the Fund's current prospectus, and any supplements or amendments to any of the foregoing, as the Company may reasonably request. If requested by the Company in lieu thereof, the Fund shall provide such documentation (including a final copy of the new prospectus as set in type at the Fund's expense) and other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus for the Fund is amended) to have the prospectus (or private offering memorandum, if a Contract and its associated Account are exempt from registration) for the Contracts and the Fund's prospectus(es), statement of additional information, proxy statements, annual reports and semi-annual reports of each Portfolio (and no other portfolio), and any supplements or amendments to any of the foregoing, printed in combination with such documents of other fund companies' and/or such documents for the Contracts. . In the event the Company desires to utilize summary prospectuses, the Company shall promptly notify the Underwriter and at such time, the parties agree to abide by **Schedule G** with respect to the use and delivery of summary prospectuses. Expenses associated with providing, printing and distributing such documents shall be allocated in accordance with **Schedule H** attached to this Agreement. The Underwriter shall reimburse the Company within 60 days, upon

the Company's request, for the Company's reasonable and documented costs**.** The Underwriter agrees to use best efforts to resolve any billing discrepancy detected by the Company and remit any corrective payment upon demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. The Fund's prospectus shall state that the Statement of Additional Information for the Fund is available from the Underwriter (or in the Fund's discretion, from the Fund), and the Underwriter (or the Fund), at its expense, shall provide such Statement of Additional Information free of charge to the Company and to any owner of a Contract or prospective owner who requests such Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. The Fund, at its expense, shall provide the Company with copies of its proxy statements, reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distributing to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.4. If and to the extent required by law, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) distribute proxy materials applicable to the Portfolios to Contract owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) solicit voting instructions from Contract owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) vote Portfolio shares in accordance with instructions received from Contract owners;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) vote Portfolio shares for which no instructions have been received in the same
proportion as shares of such Portfolio for which instructions have been received,

so long as and to the extent that the SEC continues to interpret the 1940 Act to require pass-through voting privileges for variable contract owners. The Company reserves the right to vote Fund shares held in any segregated asset account in its own right, to the extent permitted by law. The Company shall be responsible for assuring that each of its separate accounts participating in the Fund calculates voting privileges in a manner consistent with the standards set forth in the Shared Funding Order and rules and regulations of the SEC, which standards will also be provided to other Participating Insurance Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5. The Fund will comply with all provisions of the 1940 Act requiring voting by shareholders, and in particular, the Fund will either provide for annual meetings or comply with Section 16(c) of the 1940 Act (although the Fund is not one of the trusts described in Section 16(c) of that Act) as well as with Sections 16(a) and, if and when applicable, 16(b). Further, the Fund will act in accordance with the SEC's interpretation of the requirements of Section 16(a) with respect to periodic elections of trustees and with whatever rules the SEC may promulgate with respect thereto.

ARTICLE IV

<u>Sales Material and Information</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. The Company shall furnish, or shall cause to be furnished, to the Fund or its designee, each piece of sales literature or other promotional material in which the Fund, the Underwriter or the Adviser is named, at least fifteen Business Days prior to its use. No such material shall be used unless approved in writing by the Fund or the Underwriter. The Fund and the Underwriter will use reasonable best efforts to provide the Company with written response within ten Business Days of receipt of such materials. Any piece which merely names the Fund, the Underwriter or the Adviser as participating in the Variable Insurance Products may be used after ten Business Days of receipt by the Fund and the Underwriter if the Company has not received a written response from the Fund or the Underwriter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. The Company shall not give any information or make any representations or statements on behalf of the Fund or concerning the Fund in connection with the sale of the Contracts other than the information or representations contained in the registration statement or prospectus for the Fund, as such registration statement and prospectus may from time to time be amended or supplemented, or in reports or proxy statements for the Fund, or in sales literature or other promotional material provided to the Company by the Fund or its designee or by the Underwriter, except with the written permission of the Fund or the Underwriter, pursuant to Section 4.1 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. The Company agrees that neither the Fund, the Underwriter nor the Adviser will be responsible for any errors or omissions in communications prepared by the Company for Contract owners except to the extent that the error or omission resulted from information provided by or on behalf of the Underwriter or the Fund. In no event shall the Fund, any portfolio of the Fund, the shareholders of any such portfolio or any officers or trustees of the Fund have any liability or responsibility with respect to any sales literature or promotional material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. The Fund, the Underwriter or their designee shall furnish, or shall cause to be furnished, to the Company or its designee, each piece of sales literature or other promotional material in which the Company and/or its separate account(s), is named at least fifteen Business Days prior to its use. No such material shall be used unless approved in writing by the Company or its designee. The Company will use reasonable best efforts to provide the Fund with written response within ten Business Days of receipt of such materials. Any piece which merely states that the Fund, the Underwriter or the Adviser are participating in the Variable Insurance Products may be used after ten Business Days after receipt by the Company if the Fund or the Underwriter have not received a written response from the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. The Fund and the Underwriter shall not give any information or make any representations on behalf of the Company or concerning the Company, each Account, or the Contracts other than the information or representations contained in a registration statement or prospectus for the Contracts, as such registration statement and prospectus may from time to time be amended or supplemented, or in published reports which are in the public domain or approved by the Company for distribution to Contract owners, or in sales literature or other promotional material approved by the Company or its designee, except with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. The Fund will provide to the Company at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, proxy statements, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and all amendments to any of the above, that relate to any of the Portfolios or their shares, promptly following the filing of such document with the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. The Company will provide to the Fund, upon the Fund's request, at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and all amendments to any of the above, that relate to the Contracts or each Account; and, if a Contract and its associated Account are exempt from registration, the equivalents to the above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8. For purposes of this Agreement, the phrase "sales literature or other promotional material" includes, but is not limited to, any of the following that refer to the Fund or any affiliate of the Fund: advertisements (such as material published or designed for use in a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape or electronic display, signs or billboards, motion pictures, or other public media), sales literature (i.e., any written communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, form letters, seminar texts, reprints or excerpts of any other advertisement, sales literature or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9. Subject to the terms of Sections 4.1 and 4.2 of this Agreement, the Fund, the Underwriter and the Adviser hereby each consents in connection with the marketing of the Contracts to the Company's use of their names or other identifying marks in connection with the marketing of the Contracts so long Company ensures that such use of names or other identifying marks complies with applicable law and regulations. The Fund, the Underwriter and the Adviser may withdraw this authorization as to any particular use of any such name or identifying mark at any time: (i) upon a reasonable determination that such use would have a material adverse effect on its reputation or marketing efforts or its affiliates or (ii) if any of the Portfolios of the Fund cease to be available through the Company. Except as set forth in the previous sentence, the Company will not cause or permit, without prior written permission, the use, description or reference to a Fund party's name, or to the relationship.

ARTICLE V

<u>Fees and Expenses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. If the Fund or any Portfolio adopts and implements a plan pursuant to Rule 12b-1 to finance distribution expenses, or has adopted and implemented such a plan, then the Underwriter may make payments to the Company or to the underwriter for the Contracts if and in amounts agreed to by the Underwriter in writing and in conformity with such plan. Such current payments are listed in Schedule B (which may be amended from time to time by the Fund to reflect any changes to the Fund's/Portfolio's 12b-1 plan). No such payments shall be made directly by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. Except as otherwise expressly provided in the Agreement, all expenses incident to performance by the Fund under this Agreement shall be paid by the Fund. The Fund shall see to it that all Portfolio shares are registered and authorized for issuance in accordance with applicable federal law and, if and to the extent deemed advisable by the Fund, in accordance with applicable state laws prior to their sale. The Fund shall bear the expenses for the cost of registration and qualification of the Portfolios' shares, preparation and filing of the Fund's prospectus and registration statement, proxy materials and reports, setting the prospectus in type, setting in type and printing the proxy materials and reports to shareholders (including the costs of printing a prospectus that constitutes an annual report), the preparation of all statements and notices required by any federal or state law and all taxes on the issuance or transfer of the Portfolios' shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 The Fund, the Underwriter and the Adviser shall pay no fee or other compensation to the Company under this Agreement other than pursuant to **Schedule D** attached to this Agreement, and the Company shall pay no fee or other compensation to the Fund, the Underwriter or the Adviser under this Agreement. The compensation to the Company pursuant to Schedule D shall be for the administrative services set out in **Schedule E**.

ARTICLE VI

<u>Diversification</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. The Fund and the Adviser represent and warrant that the Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment or life insurance contracts and any amendments or other modifications to such Section or Regulation. In the event a Portfolio ceases to so qualify, or upon having a reasonable basis for believing that a Portfolio has ceased to so comply or that a Portfolio might not comply in the future,, the Fund will take all steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with the grace period afforded by Regulation 1.817-5. In the event a failure is discovered after the grace period expired, the Fund or Sponsor will be responsible for the cost of any filing under Treasury Regulation 1.817-5(a)(2) and any required payment to the Internal Revenue Service or Treasury.

ARTICLE VII

<u>Additional Agreements</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. The Company agrees that it will offer or sell Fund shares in compliance with all applicable federal and state law and regulation including, without limitation, the Securities Exchange Act of 1934 ("Exchange Act"), the 1940 Act and the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. The Company additionally agrees to comply with (1) all applicable compensation disclosure requirements, including any requirements related to revenue sharing; (2) all suitability requirements; (3) all applicable laws, rules and regulations related to the protection of the privacy and safeguarding of information of beneficial owners of Fund shares and their accounts, including, without limitation, Regulation S-P; and (4) the Bank Secrecy Act, as amended, and other applicable anti-money laundering law, regulation, rules or interpretations thereunder, including without limitation those applicable to customer identification procedures, the filing of suspicious activity reports and the adoption and maintenance of an anti-money laundering program. In addition, the Company will comply with all requirements to verify whether its customers or potential customers may not purchase Fund shares by reason of being a person, country or other entity forbidden to do so by the Office of Foreign Assets Control of the U.S. Department of Treasury or any similar list maintained by the United States government or its agencies or instrumentalities or any applicable self-regulatory organization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. Upon request of one of the other parties to this Participation Agreement, the Company will provide a certification of its compliance with the Bank Secrecy Act or other anti-money laundering law or regulation or rule, that is satisfactory to such other party.

ARTICLE VIII

<u>Potential Conflicts</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. The Fund agrees that the Board will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. A material irreconcilable conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretive letter or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of a Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners; or (f) a decision by a Participating Insurance Company to disregard the voting instructions of contract owners. The Board shall promptly inform the Company if it determines that a material irreconcilable conflict exists and the implications thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. The Company will report any potential or existing conflicts to the Board. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Order, by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by the Company to inform the Board whenever any of the events in Section 8.1, as they pertain to the Company, occur (e.g., a decision to disregard contract owner voting instructions).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. If it is determined by a majority of the Board, or a majority of its disinterested trustees, that a material irreconcilable conflict exists, the Company and other Participating Insurance Companies shall, at their expense and to the extent reasonably practicable (as determined by a majority of the disinterested trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, up to and including: (1) withdrawing the assets allocable to some or all of the separate accounts from the Fund or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Fund, or submitting the question whether such segregation should be implemented to a vote of all affected Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance contract owners or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change, and (2) establishing a new registered management investment company or managed separate account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Fund's election, to withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested trustees of the Board. Any such withdrawal and termination must take place within six months after the Fund gives written notice that this provision is being implemented, and until the end of that six month period the Fund and the Underwriter shall continue to accept and implement orders by the Company for the purchase (and redemption) of shares of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5. If a material irreconcilable conflict arises because a particular state insurance regulator's decision applicable to the Company conflicts with that of other state regulators, then the Company will withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account within six months after the Board informs the Company in writing that it has determined that such decision has created a material irreconcilable conflict; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested trustees of the Board. Until the end of that six month period, the Fund and the Underwriter shall continue to accept and implement orders by the Company for the purchase (and redemption) of shares of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6. For purposes of Sections 8.3 through 8.6 of this Agreement, a majority of the disinterested trustees of the Board shall determine whether any proposed action adequately remedies a material irreconcilable conflict, but in no event will the Fund be required to establish a new funding medium for the Contracts. The Company shall not be required by Section 8.3 to establish a new funding medium for the Contracts if an offer to do so has been declined by vote of a majority of Contract owners materially adversely affected by the material irreconcilable conflict. In the event that the Board determines that any proposed action does not adequately remedy a material irreconcilable conflict, then the Company will withdraw the Account's investment in the Fund and terminate this Agreement within six months after the Board informs the Company in writing of the foregoing determination; provided, however, that such withdrawal and termination shall be limited to the extent required by any such material irreconcilable conflict as determined by a majority of the disinterested trustees of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the 1940 Act or the rules promulgated thereunder with respect to mixed or shared funding (as defined in the Shared Funding Order) on terms and conditions materially different from those contained in the Shared Funding Order, then (a) the Fund and/or the Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3 as adopted, to the extent such rules are applicable; and (b) Sections 3.4, 3.5, 8.1, 8.2, 8.3, 8.4 and 8.5 of this Agreement shall continue in effect only to the extent that terms and conditions substantially identical to such Sections are contained in such Rule(s) as so amended or adopted.

ARTICLE IX

<u>Indemnification</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.1. <u>Indemnification By The Company</u>

9.1(a). The Company agrees to indemnify and hold harmless the Fund, the Underwriter and the Adviser and each trustee/director, officer, employee and agent thereof and each person, if any, who controls the Fund, the Underwriter, or the Adviser within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 9.1) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Company), or expenses (including the reasonable costs of investigating or defending any alleged loss, claim, damange, liability, or expense and reasonable legal counsel) (hereinafter referred to collectively as a "Loss"), to which the Indemnified Parties may become subject under any statute or regulation, at common law or otherwise, insofar as a Loss is related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the registration statement, prospectus or private offering memorandum for the Contracts or contained
in the Contracts or sales literature or other promotional materials for the Contracts (or any amendment or supplement to any of the foregoing),
or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein
or necessary to make the statement therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified
Party if such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with written information
furnished to the Company by or on behalf of the Indemnified Party for use in the registration statement or prospectus for the Contracts
or in the Contracts or in sales literature or any other promotional materials (or any amendment or supplement to any of the foregoing);
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements
or representations contained in the registration statement, prospectus or sales literature or other promotional materials of the Fund
not supplied by the Company, or persons under its control) or wrongful conduct of the Company or persons under its control, with respect
to the sale or distribution of the Contracts or Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact
contained in a registration statement, prospectus or sales literature or other promotional materials of the Fund (or any amendment or
supplement to any of the foregoing) or arise out of or are based upon the omission or the alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein not misleading if such statement or omission was made in
reliance upon or in conformity with written information furnished to the Fund, the Underwriter or the Adviser by or on behalf of the Company;
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Company to provide the services and furnish
the materials under the terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation and/or warranty
made by the Company in this Agreement or arise out of or result from any other material breach of this Agreement by the Company, as limited
by and in accordance with the provisions of Sections 9.1 (b) and 9.1(c) hereof.

9.1(b). The Company shall not be liable under this indemnification provision with respect to any Loss incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to the Fund, the Underwriter or the Adviser, whichever is applicable.

9.1(c). The Company shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Company in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Company of any such claim shall not relieve the Company from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Company shall be entitled to participate, at its own expense, in the defense thereof. The Company also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Company to such Party of the Company's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Company will not be liable to such

Party under this Agreement for any legal or other expenses subsequently incurred by such Party independently in connection with the defense thereof other than reasonable costs of investigation. Any notice given by the indemnifying party to an Indemnified Party in control of the litigation of any claim by the indemnifying party shall in no event be deemed to be an admission by the indemnifying party of culpability, and the indemnifying party shall be free to contest liability among the parties with respect to the claim.

9.1(d). The Indemnified Parties will promptly notify the Company of the commencement of any litigation or proceedings against them or any of their officers or directors in connection with this Agreement, the issuance or sale of Portfolio shares or the Contracts or the operation of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.2. <u>Indemnification By The Fund</u>

9.2(a). The Fund agrees to indemnify and hold harmless the Company, and each of its directors/trustees and officers, employees and agents, and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 9.2) against any Loss to which the Indemnified Parties may become subject under any statute or regulation, at common law or otherwise, insofar as a Loss is related to the operations of the Fund and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise as a result of any failure by the Fund to provide the services and furnish
the materials under the terms of this Agreement (including a failure to comply with the diversification requirements specified in Article
VI of this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or result from any material breach of any representation and/or warranty
made by the Fund in this Agreement or arise out of or result from any other material breach of this Agreement by the Fund, as limited
by and in accordance with the provisions of Sections 9.2(b) and 9.2(c) hereof.

9.2(b). The Fund shall not be liable under this indemnification provision with respect to any Loss incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to the Company, or an Account, , whichever is applicable.

9.2(c). The Fund shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Fund in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Fund of any such claim shall not relieve the Fund from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified

Parties, the Fund shall be entitled to participate, at its own expense, in the defense thereof. The Fund also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Fund to such party of the Fund's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Fund will not be liable to such Party under this Agreement for any legal or other expenses subsequently incurred by such Party independently in connection with the defense thereof other than reasonable costs of investigation. Any notice given by the indemnifying party to an Indemnified Party in control of the litigation of any claim by the indemnifying party shall in no event be deemed to be an admission by the indemnifying party of culpability, and the indemnifying party shall be free to contest liability among the parties with respect to the claim.

9.2(d). The Company will promptly notify the Fund of the commencement of any litigation or proceedings against the Indemnified Parties or any of their officers or directors in connection with this Agreement, the issuance or sale of Portfolio shares or the Contracts, the operation of each Account or the acquisition of shares of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.3. <u>Indemnification By The Underwriter</u>

9.3(a) The Underwriter agrees to indemnify and hold harmless the Company and each of its directors/trustees and officers, employees and agents, and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 9.3) against any Loss to which the Indemnified Parties may become subject under any statute or regulation, at common law or otherwise, insofar as a Loss is related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the registration statement or prospectus or sales literature or other promotional materials of the Fund
(or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement
to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged statement or omission was made
in reliance upon and in conformity with written information furnished to the Fund, the Underwriter or the Adviser by or on behalf of the
Indemnified Party for use in the registration statement or prospectus of the Fund or in sales literature or other promotional materials
(or any amendment or supplement to any of the foregoing); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements
or representations contained in the registration statement, prospectus or sales literature or other promotional materials for the Contracts
not supplied by the Underwriter or persons under its control) or wrongful conduct of the Fund or Underwriter or persons under their control,
with respect to the sale or distribution of the Contracts or Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact
contained in a registration statement, prospectus or private offering memorandum for the Contracts or contained in the Contracts or sales
literature or other promotional materials for the Contracts (or any amendment or supplement to any of the foregoing) or arise out of or
are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statement or statements therein not misleading, if such statement or omission was made in reliance upon or in conformity with written
information furnished to the Company by or on behalf of the Fund or the Underwriter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Underwriter to provide the services and
furnish the materials under the terms of this Agreement (including a failure, whether unintentional or in good faith or otherwise, to
comply with the diversification requirements specified in Article VI of this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation and/or warranty
made by the Underwriter in this Agreement or arise out of or result from any other material breach of this Agreement by the Underwriter,
as limited by and in accordance with the provisions of Sections 9.3(b) and 9.3(c) hereof.

9.3(b). The Underwriter shall not be liable under this indemnification provision with respect to any Loss incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to the Company or an Account, whichever is applicable.

9.3(c). The Underwriter shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Underwriter in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Underwriter of any such claim shall not relieve the Underwriter from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Underwriter shall be entitled to participate, at its own expense, in the defense thereof. The Underwriter also shall be entitled to assume the defense thereof, with counsel satisfactory to the Party named in the action. After notice from the Underwriter to such Party of the Underwriter's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Underwriter will not be liable to such Party under this Agreement for any legal or other expenses subsequently incurred by such Party independently in connection with the defense thereof other than reasonable costs of investigation. Any notice given by the indemnifying party to an Indemnified Party in control of the litigation of any claim by the indemnifying party shall in no event be deemed to be an admission by the indemnifying party of culpability, and the indemnifying party shall be free to contest liability among the parties with respect to the claim.

9.3(d). The Company will promptly notify the Underwriter of the commencement of any litigation or proceedings against the Indemnified Parties in connection with this Agreement, the issuance or sale of Portfolio shares or the Contracts or the operation of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.4. <u>Indemnification By The Adviser</u>

9.4(a) The Adviser agrees to indemnify and hold harmless the Company and each of its directors/trustees and officers, employees and agents, and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 9.4) against any Loss to which the Indemnified Parties may become subject under any statute or regulation, at common law or otherwise, insofar as a Loss is related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or as a result of statements or representations (other than statements
or representations contained in the registration statement, prospectus or sales literature or other promotional materials for the Contracts
not supplied by the Adviser, or persons under its control) or wrongful conduct of the Adviser or persons under its control, with respect
to the sale or distribution of the Contracts or Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of any untrue statement or alleged untrue statement of a material fact
contained in a registration statement, prospectus or private offering memorandum for the Contracts or contained in the Contracts or sales
literature or other promotional materials for the Contracts (or any amendment or supplement to any of the foregoing) or the omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statement or statements therein
not misleading, if such statement or omission was made in reliance upon or in conformity with written information furnished to the Company
by or on behalf of the Adviser; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise as a result of any failure by the Adviser to provide the services and furnish
the materials under the terms of this Agreement (including a failure by the Fund, whether unintentional or in good faith or otherwise,
to comply with the diversification requirements specified in Article VI of this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise out of or result from any material breach of any representation and/or warranty
made by the Adviser in this Agreement or arise out of or result from any other material breach of this Agreement by the Adviser, as limited
by and in accordance with the provisions of Sections 9.4(b) and 9.4(c) hereof.

9.4(b). The Adviser shall not be liable under this indemnification provision with respect to any Loss incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to the Company or an Account, whichever is applicable.

9.4(c). The Adviser shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Adviser in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Adviser of any such claim shall not relieve the Adviser from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Adviser shall be entitled to participate, at its own expense, in the defense thereof. The Adviser also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Adviser to such party of the Adviser's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Adviser will not be liable to such Party under this Agreement for any legal or other expenses subsequently incurred by such Party independently in connection with the defense thereof other than reasonable costs of investigation. Any notice given by the indemnifying party to an Indemnified Party in control of the litigation of any claim by the indemnifying party shall in no event be deemed to be an admission by the indemnifying party of culpability, and the indemnifying party shall be free to contest liability among the parties with respect to the claim.

9.4(d). The Company will promptly notify the Adviser of the commencement of any litigation or proceedings against the Indemnified Parties in connection with this Agreement, the issuance or sale of Portfolio shares or the Contracts or the operation of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 Any party seeking indemnification (the "Potential Indemnitee") will promptly notify any party from whom they intend to seek indemnification (each a "Potential Indemnitor") of all demands made and/or actions commenced against the Potential Indemnitee which may require a Potential Indemnitor to provide such indemnification. At its option and expense, a Potential Indemnitor may retain counsel and control any litigation for which it may be responsible to indemnify a Potential Indemnitee under this Agreement. Failure to so notify a Potential Indemnitor in the matter prescribed herein will not relieve the Potential Indemnitor from any liability under this Agreement with respect to such claim, except to the extent such other party is actually prejudiced thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 With respect to any claim, the parties each shall give the others reasonable access during normal business hours to its books, records, and employees and those books, records, and employees within its control pertaining to such claim, and shall otherwise cooperate with one and other in the defense of any claim. Regardless of which party defends a particular claim, the

defending party shall use reasonable best efforts give the other parties written notice of any significant development in the case as soon as practicable, and such other parties, at all times, shall have the right to intervene in the defense of the case.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 If a party is defending a claim and indemnifying another party hereto, and: (i) a settlement proposal is made by the claimant, or (ii) the defending party desires to present a settlement proposal to the claimant, then the defending party promptly shall notify the Indemnified Party of such settlement proposal together with its counsel's recommendation. If the defending party desires to enter into the settlement and the Indemnified Party fails to consent within thirty (30) Business Days (unless such period is extended, in writing, by mutual agreement of the parties hereto), then the Indemnified Party, from the time it fails to consent forward, shall defend the claim and shall indemnify the defending party for all costs associated with the claim which are in excess of the proposed settlement amount.

Regardless of which party is defending the claim: (i) if a settlement requires an admission of liability by the non-defending party or would require the non-defending party to either take action (other than purely ministerial action) or refrain from taking action (due to an injunction or otherwise) (a "Specific Performance Settlement"), the defending party may agree to such settlement only after obtaining the express, written consent of the non-defending party. If a non-defending party fails to consent to a Specific Performance Settlement, the consequences described in the last sentence of the first paragraph of this Section 9.7 shall not apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 The parties shall use good faith efforts to resolve any dispute concerning this indemnification obligation. Should those efforts fail to resolve the dispute, the ultimate resolution shall be determined in a de novo proceeding, separate and apart from the underlying matter complained of, before a court of competent jurisdiction. Either party may initiate such proceedings with a court of competent jurisdiction at any time following the termination of the efforts by such parties to resolve the dispute (termination of such efforts shall be deemed to have occurred thirty (30) days from the commencement of the same unless such time period is extended by the written agreement of the parties). The prevailing party in such a proceeding shall be entitled to recover reasonable attorneys' fees, costs, and expenses.

ARTICLE X

<u>Applicable Law</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the State of New York without giving effect to the principles of conflicts of laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. This Agreement shall be subject to the provisions of the 1933 Act, the 1934 Act and the 1940 Act and the rules and regulations and rulings thereunder, including such exemptions from those statutes, rules and regulations as the SEC may grant (including, but not limited to, the Shared Funding Order) and the terms of this Agreement shall be interpreted and construed in accordance therewith.

ARTICLE XI

<u>Termination</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. This Agreement shall continue in full force and effect until the first to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) termination by any party for any reason by sixty (60) days' advance written
notice delivered to the other parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) termination by the Company by written notice to the Fund and the Underwriter with
respect to any Portfolio based upon the Company's determination that shares of such Portfolio are not reasonably available to meet
the requirements of the Contracts or are not "appropriate funding vehicles" for the Contracts, as reasonably determined by
the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) termination by the Company by written notice to the Fund and the Underwriter with
respect to any Portfolio in the event any of the Portfolio's shares are not registered, issued or sold in accordance with applicable
state and/or federal law or such law precludes the use of such shares as the underlying investment media of the Contracts issued or to
be issued by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) termination by the Company by written notice to the Fund, the Underwriter and the
Adviser with respect to any Portfolio in the event that such Portfolio ceases to qualify as a "regulated investment company"
under Subchapter M of the Code or under any successor or similar provision, or if the Company reasonably believes that the Fund will fail
to so qualify; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) termination by the Company by written notice to the Fund, the Underwriter and the
Adviser with respect to any Portfolio in the event that such Portfolio fails to meet the diversification requirements specified in Article
VI hereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) termination by either the Fund or the Underwriter by written notice to the Company,
if either one or both of the Fund or the Underwriter shall determine, in their sole judgment exercised in good faith, that the Company
has suffered a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement
or is the subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) termination by the Company by written notice to the Fund and the Underwriter, if
the Company shall determine, in its sole judgment exercised in good faith, that either the Fund, the Adviser, or the Underwriter has suffered
a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement or is the subject
of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) At the option of the Fund, the Underwriter or the Adviser upon institution of formal proceedings against
the Company by FINRA, the SEC, or any insurance department or any other regulatory body regarding the Company's duties under this
Agreement or related to the sale of the Contracts, the operation of the Accounts, or the purchase of the Shares; provided that the party
terminating this Agreement under this provision shall give notice of such termination to the other parties to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At the option of the Company upon institution of formal proceedings against the Fund, the Underwriter
or the Adviser by FINRA, the SEC, or any state securities or insurance department or any other regulatory body regarding the duties of
the Fund, the Underwriter or the Adviser under this Agreement or related to the sale of the Shares; provided that the party terminating
this Agreement under this provision shall give notice of such termination to the other parties to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) At the option of any party to this Agreement, upon another unaffiliated party's material breach
of any provision of or representation contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. <u>Effect of Termination</u>. Notwithstanding termination of this Agreement, the Fund and the Underwriter shall, if the Company and the Underwriter mutually agree, continue for a period not exceeding six (6) months to make available additional shares of the Fund pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation, the owners of the Existing Contracts shall be permitted to transfer or reallocate investment in Portfolio Shares under the Contracts, redeem investments in any Portfolio and/or invest in the Portfolio Shares upon the making of additional purchase payments under the Existing Contracts. The parties agree that this Section 11.2 shall not apply to any terminations under Section 1.4 of Article I or under Article VIII, and the effect of such Article VIII terminations shall be governed by Article VIII of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 The Company shall not redeem Fund shares attributable to the Contracts (as opposed to Fund shares attributable to the Company's assets held in the Account) except (i) as necessary to implement Contract Owner initiated or approved transactions; or (ii) as required by state and/or federal laws or regulations or judicial or other legal precedent of general application (hereinafter referred to as a "Legally Required Redemption"); or (iii) as a result of action by the Fund's Board, acting in good faith, upon sixty (60) days' advance written notice to the Company and Contract Owners. Upon request, the Company will promptly furnish to the Fund and the Underwriter the opinion of counsel for the Company (which counsel shall be reasonably satisfactory to the Fund and the Underwriter) to the effect that any redemption pursuant to clause (ii) above is a Legally Required Redemption, or is as permitted by an order of the SEC pursuant to Section 26(b) of the 1940 Act. In the event that the Company is to redeem shares pursuant to clause (iii) above, the Fund will promptly furnish to the Company the opinion of counsel for the Fund (which counsel

shall be reasonably satisfactory to the Company) to the effect that any such redemption is not in violation of the 1940 Act or any rule or regulation thereunder, or is as permitted by an order of the SEC. Furthermore, except in cases where permitted under the terms of the Contracts, the Company shall not prevent Contract Owners from allocating payments to a Portfolio that was otherwise available under the Contracts without first giving the Fund or the Underwriter 90 days' advance written notice of its intention to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 Notwithstanding any termination of this Agreement, each party's obligation under Article IX to indemnify the other parties shall survive. In addition, with respect to Existing Contracts, all provisions of this Agreement shall also survive and not be affected by any termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 The notice shall specify the Portfolio or Portfolios, Contracts and, if applicable, the Accounts as to which the Agreement is to be terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 It is understood and agreed that the right of any party hereto to terminate this Agreement pursuant to Section 11.1(a) may be exercised for cause or for no cause.

ARTICLE XII

<u>Notices</u>

Any notice shall be sufficiently given when sent by registered or certified mail or next-day delivery to the other parties at the address of such parties set forth below or at such other address as any party may from time to time specify in writing to the other parties.

If to the Company:

Massachusetts Mutual Life Insurance Company

1295 State Street

Springfield, MA 01111

Attention: Office of the General Counsel

If to the Fund:

666 Third Avenue – 9<sup>th</sup> Floor

New York, New York 10017

Attention: President, with a copy to the General Counsel

If to the Underwriter:

666 Third Avenue – 9<sup>th</sup> Floor

New York, New York 10017

Attention: President, with a copy to the General Counsel

If to the Adviser:

666 Third Avenue – 9<sup>th</sup> Floor

New York, New York 10017

Attention: President, with a copy to the General Counsel

ARTICLE XIII

<u>Miscellaneous</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1. All persons dealing with the Fund must look solely to the property of the Fund for the enforcement of any claims against the Fund as neither the Board, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2. Subject to the requirements of legal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the owners of the Contracts and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate or utilize such names and addresses and other confidential information without the express written consent of the affected party, until such time as it may come into the public domain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3. The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be demmed an original but all of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5. If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6. Each party hereto shall cooperate with each other party and all appropriate governmental authorities (including, without limitation, the SEC, FINRA and state insurance regulators) and shall permit such authorities reasonable access to its books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7. The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.8. This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns; provided, however, that this Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior written consent of all parties hereunder; provided, however, upon advance written notice to the Company, that the Underwriter may assign this Agreement or any rights or obligations hereunder to any affiliate of or company under common control with the Underwriter, if such assignee is duly licensed and registered to perform the obligations of the Underwriter under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.9 The parties to this Agreement acknowledge and agree that this Agreement shall not be exclusive in any respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.10 No provisions of this Agreement may be amended or modified in any manner except by a written agreement properly authorized and executed by all parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.11 This Agreement, including all attachments hereto, constitutes the entire agreement between the parties with respect to the subject matter contained herein, and supersedes all prior or contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.12 Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. This Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

*[Signature page follows]*

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed in its name and on its behalf by its duly authorized representative and its seal to be hereunder affixed hereto as of the date specified below.

---

| | | | |
|:---|:---|:---|:---|
| **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** | **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** | **Attest:** | **Attest:** |
| By: | /s/ Michael S. Dunn | By: | /s/ Melissa A. Roscoe |
| Name: | Michael S. Dunn | Name: | Melissa A. Roscoe |
| Title: | Head of Institutional Insurance | Title: | Executive Assistant |
| **VANECK VIP TRUST** | **VANECK VIP TRUST** | Attest: |  |
| By: | /s/ Laura Hamilton | By: | /s/ Alison Emanuel |
| Name: | Laura Hamilton | Name: | Alison Emanuel |
| Title: | Vice President | Title: | Paralegal |
| **VAN ECK SECURITIES CORPORATION** | **VAN ECK SECURITIES CORPORATION** | Attest: |  |
| By: | /s/ Laura Hamilton | By: | /s/ Alison Emanuel |
| Name: | Laura Hamilton | Name: | Alison Emanuel |
| Title: | Assistant Vice President | Title: | Paralegal |
| **VAN ECK ASSOCIATES CORPORATION** | **VAN ECK ASSOCIATES CORPORATION** | Attest: |  |
| By: | /s/ Matthew Babinsky | By: | /s/ Alison Emanuel |
| Name: | Matthew Babinsky | Name: | Alison Emanuel |
| Title: | Assistant Vice President | Title: | Paralegal |

---

**SCHEDULE A**

Separate Accounts of Massachusetts Mutual Life Insurance Company participating in Portfolios of the Fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts Mutual Variable Life
Separate Account IX

**SCHEDULE B**

Portfolios and Classes of the Fund now or in the future offered to Separate Accounts of Massachusetts Mutual Life Insurance Company, including, but not limited to the below. For the avoidance of doubt, this Schedule B shall be deemed to include future Portfolios and Classes of the Fund.

---

| | | |
|:---|:---|:---|
| **Portfolio Name** | **Class of Shares** | **CUSIP** |
| VanEck VIP Emerging Markets | Initial | 921082608 |
| VanEck VIP Global Hard Assets | Initial | 921082301 |
| VanEck VIP Emerging Markets Bond | Initial | 921082509 |
| VanEck VIP Emerging Markets | S | 921082756 |
| VanEck VIP Global Hard Assets Fund | S | 921082822 |
| VanEck VIP Global Gold Fund | S | 921082798 |

---

**SCHEDULE C**

**[RESERVED]**

**SCHEDULE D**

Fees, Expenses and Compensation payable to the Company:

Company shall provide the administrative services set out in Schedule E as the same may be amended from time to time. For such services, the Underwriter and/or Adviser agrees to pay Company as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•  **<u>Assets Under Management</u>** <u>.</u> Each quarter, the Fund or its designee shall calculate and pay to the Company a fee that shall be equal to [ ],
on an annualized basis, of the average daily account value of all assets in the Initial Class of each Portfolio in connection with the
Contracts.

The parties to this Agreement recognize and agree that the Underwriter's and/or Adviser's payments hereunder are for administrative services and personal Contract Owner services (as described in Schedule E) only and do not constitute payment in any manner for investment advisory services or for costs of distribution of Contracts or of Portfolio shares, and are not otherwise related to investment advisory or distribution services or expenses. The Company represents and warrants that the fees to be paid by the Underwriter and/or Adviser for services to be rendered by Company pursuant to the terms of this Agreement are to compensate the Company for providing administrative services to the Funds and for providing personal services to Contract Owners as described in Schedule E, and are not designed to reimburse or compensate the Company for providing any other services with respect to the Contracts or any variable account.

Payment Instructions:

<u>**By Automated Clearing House:**</u>

Bank: Chase Manhattan Bank

ABA#: 021000021

Account Name: MassMutual

Account Number: 323956297

Reference: **USIG Revenue Sharing**

**SCHEDULE E**

ADMINISTRATIVE SERVICES FOR PORTFOLIOS

Company shall provide certain administrative services respecting the operations of the Fund and certain personal services to Contract Owners investing in Fund, as set forth below. This Schedule, which may be amended from time to time as mutually agreed upon by Company and the Underwriter, constitutes an integral part of the Agreement to which it is attached. Capitalized terms used herein shall, unless otherwise noted, have the same meaning as the defined terms in the Agreement to which this Schedule relates.

&nbsp;&nbsp;&nbsp;&nbsp;A. <u>RECORDS OF PORTFOLIO SHARE TRANSACTIONS; MISCELLANEOUS RECORDS</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Company shall maintain master accounts with the Fund, on behalf of each Portfolio, which accounts shall
bear the name of Company as the record owner of Portfolio shares on behalf of each Variable Account investing in the Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Company shall provide assistance reasonably requested by the Underwriter, the
Fund and the Fund's transfer agent as may be necessary to track and record Portfolio share transactions and facilitate the computation
of each Portfolio's net asset value per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. In addition to the foregoing records, and without limitation, Company shall maintain
and preserve all records as required by law to be maintained and preserved in connection with providing administrative services hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;B. <u>ORDER PLACEMENT AND PAYMENT</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Company shall determine the net amount to be transmitted to the Variable Accounts
as a result of redemptions of each Portfolio's shares based on Contract Owner redemption requests and shall disburse or credit to
the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify the Fund of the cash required to meet redemption
payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Company shall determine the net amount to be transmitted to the Fund as a result
of purchases of Portfolio shares based on Contract Owner purchase payments and transfers allocated to the Variable Accounts investing
in each Portfolio. Company shall transmit net purchase payments to the Fund's custodian.

&nbsp;&nbsp;&nbsp;&nbsp;C. <u>ACCOUNTING SERVICES</u>. Company shall perform miscellaneous accounting services
as may be reasonably requested from time to time by the Underwriter, which services shall relate to the business contemplated by this
Agreement, as amended from time to time. Such services shall include, without limitation, periodic reconciliation and balancing of Company's
books and records with those of the Fund with respect to such matters as cash accounts, Portfolio share purchase and redemption orders
placed with the Fund, dividend and distribution payments by the Fund,
and such other accounting matters that may arise from time to time in connection with the operations of the Fund as related to the business
contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;D. <u>BOARD REPORTS</u>. Company acknowledges that the Underwriter may, from time
to time, be called upon by the Board, to provide various types of information pertaining to the operations of the Fund and related matters,
and that the Underwriter also may, from time to time, decide to provide such information to the Board in its own discretion. Accordingly,
Company agrees to provide the Underwriter with such assistance as the Underwriter may reasonably request so that the Underwriter can report
such information to the Fund's Board in a timely manner.

Company further agrees to provide the Underwriter with such assistance as the Underwriter may reasonably request with respect to the preparation and submission of reports and other documents pertaining to the Fund to appropriate regulatory bodies and third party reporting services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. <u>FUND-RELATED CONTRACT OWNER SERVICES</u>. Company agrees to print and distribute, in a timely manner, prospectuses, SAIs, supplements thereto, Periodic Reports and any other materials of the Fund required by law or otherwise to be given to its shareholders, including, without limitation, Contract Owners investing in Portfolio shares, and to bear the expenses, in accordance with the chart set forth below in paragraph F, associated with such printing and distribution. In addition, Company shall bear the expenses associated with (i) printing, mailing, distributing, and tabulating proxy materials, including voting instruction solicitation materials, sent to Contract Owners with respect to proxy solicitations related to the Variable Account or related to matters requested by Company and agreed to by the Fund, (ii) making typesetting and other customization changes to Fund proxy materials, which changes are requested by Company and agreed to by the Fund. Company further agrees to provide telephonic support for Contract Owners, including, without limitation, advice with respect to inquiries about the Fund and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about the Fund (and Variable Account) performance, and assisting with proxy solicitations, specifically with respect to soliciting voting instructions from Contract Owners.

<u>**SCHEDULE F**</u>

**Rule 22c-2 Shareholder Information Agreement**

**THIS AGREEMENT** is entered into as of January 28, 2021 by and between (i) Massachusetts Mutual Life Insurance Company ("we" or "us") and (ii) **VAN ECK SECURITIES CORPORATION** ("you") in your capacity as the principal underwriter of **VANECK VIP TRUST** (each a "Fund" and together the "Funds").

**WHEREAS,** Rule 22c-2 under the Investment Company Act of 1940, as amended, requires mutual funds to enter into "shareholder information agreements" with financial intermediaries that hold fund shares on behalf of other investors in "omnibus accounts" and submit orders to purchase or redeem fund shares on behalf of such investors directly to the fund, its transfer agent or principal underwriter; and

**WHEREAS,** shares of one or more of the Funds are purchased and redeemed on an omnibus basis directly by our Accounts (as defined below) in connection with for one or more Contracts (as defined below).

**NOW, THEREFORE,** in consideration of the premises and mutual covenants contained below, the parties hereby agree as follows:

**1. Definitions.** As used in this Agreement, the following terms have the following meanings, unless a different meaning is clearly required by the context:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a) "Account"** means an insurance company separate account sponsored or administered by

us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b) "Business Day"** means any day that the New York Stock Exchange is open for trading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) "Confidential Information"** includes, but is not limited to: (i) "Nonpublic Personal Information" as defined in Title V of the Gramm-Leach-Bliley Act of 1999 or any successor federal or state statute, and the rules and regulations thereunder, all as may be amended or supplemented from time to time, (ii) "Protected Health Information" as such term is defined in the Health Insurance Portability and Accountability Act of 1996, or any successor federal or state statute, and the rules and regulations thereunder, all as may be amended or supplemented from time to time; and (iii) "Shareholder Information" as such term is defined below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) "Contract"** means a variable annuity contract, variable life insurance policy or variable funding agreement issued through an Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) "Fund Policies"** means policies established by the Fund and communicated to us in writing for the purpose of eliminating or reducing potentially harmful market timing or frequent trading in shares of the Fund as described in the Fund's prospectus or statement of additional information as amended from time to time. This term "Fund" does not include any "excepted funds" as defined in Rule 22c-2(b), 17 C.F.R. 270.22c-2(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) "Indirect Intermediary"** means a "financial intermediary" as defined by Rule 22c-2(c)(5)(iii)(excluding any exempted financial intermediary pursuant to Rule 22c-2(c)(1)(iv)) that transmits purchase and redemption orders directly to us on behalf of Shareholders with respect to a Contract invested in a Fund through an Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g) "Shareholder"** means (1) the holder of interests in a Contract or (2) a participant in an employee benefit plan with a beneficial interest in a Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(h) "Shareholder-Initiated Transfer Purchase"** means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include transactions that are executed: (i) automatically pursuant to contractual or systematic programs or enrollments such as transfers of assets within a Contract to a Fund as a result of "dollar cost averaging" programs, asset allocation programs and automatic rebalancing programs; (ii) pursuant to a Contract death benefit; (iii) a step-up (or comparable benefit) in Contract value (or comparable benefit base) pursuant to a Contract death benefit or guaranteed minimum withdrawal benefit; or (iv) allocation of assets to a Fund through a Contract as a result of payments such as loan repayments, scheduled contributions, or retirement plan salary reduction contributions, or planned premium payments to the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) "Shareholder-Initiated Transfer Redemption"** means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include transactions that are executed: (i) automatically pursuant to contractual or systematic programs or enrollments such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, asset allocation programs and automatic rebalancing programs; (ii) as a result of any deduction of charges or fees under a Contract; (iii) within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; or (iv) as a result of the payment of a death benefit from a Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(j) "Written"** means any communication other than an oral communication transmitted in paper, electronically or by facsimile.

**2. Agreement to Provide Requested Shareholder Information.** Effective as of the date of this Agreement, we agree to use our best efforts to provide the following information to you solely for the purpose of facilitating your compliance with Rule 22c-2. Nothing herein, nor any action by us, shall be construed as, or infer that we have undertaken any duty or obligation, whether express or implied, at law or in equity, to detect abusive trading activities pursuant to the Fund Policies. We agree to provide to you, upon prior written request, the following information that is on our books and records (collectively, "Shareholder Information") for all Shareholders that engaged in any purchase, redemption, transfer or exchange transactions in the Fund shares through an Account during the period covered by the request, if known:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** the taxpayer identification number ("TIN"), Individual/International Taxpayer Identification Number ("ITIN") or other government issued identifier ("GII");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** the individual Contract number or participant account number associated with the Shareholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** the amount and date(s) and transaction type (purchase, redemption, transfer, or exchange); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(d)** any other data mutually agreed upon in writing.

Unless otherwise specifically requested by you, this Paragraph 2 shall be understood to require us to provide only Shareholder Information relating to Shareholder-Initiated Transfer Purchases and Shareholder-Initiated Transfer Redemptions.

All requests must contain the relevant fund account number, CUSIP, trade amount and date. Requests must be made to us directly via e-mail at:

**<u>RSFundOps22c2Requests@massmutual.com</u>**

or such other address we may communicate to you in writing from time to time.

**3. Period Covered by Request and Frequency of Requests.** Requests to provide Shareholder Information shall set forth the specific period for which it is sought. In no event shall such period begin more than six months prior to the date of the request for information or cover a period greater than thirty (30) days. You will not request information more often than once in any twelve-month period except for good cause. For purposes of this Agreement, good cause will exist where you have a reasonable belief that Shareholder transactions submitted to the Fund indicate potential market timing or excessive trading activity or other violation of Fund Policies. Unless otherwise specifically requested by the Portfolio, we shall only be required to provide information relating to Shareholder-Initiated Purchases or Shareholder-Initiated Transfer Redemptions.

**4. Form and Timing of Response; Procedures Regarding Indirect Intermediaries.** (a) We agree to provide the requested Shareholder Information that is on our books and records to you promptly, but in any event not later than 10 Business Days after receipt of a good order request given in accordance with Paragraph 2 above, which shall contain the fund account number, CUSIP, trade amount and date. If you so request, we agree to use best efforts to promptly determine whether any specific person, identified by you from the requested Shareholder Information, is itself an Indirect Intermediary. Upon your further request, which must be given in accordance with Paragraph 2 above, we agree to use best efforts either to: (i) provide (or arrange to have provided) the requested Shareholder Information from the Indirect Intermediary; or (ii) if the Indirect Intermediary refuses to provide the requested Shareholder Information and you so direct us in writing, restrict or prohibit further purchases of Fund shares by such Indirect Intermediary through the Account. We agree to inform you whether we plan to perform (i) or (ii).

**(b)** Responses required by this paragraph must be communicated in writing and in a format mutually agreed upon by the parties.

**(c)** To the extent reasonably practicable, the format for any Shareholder Information provided to you will be consistent with the NSCC Standardized Data Reporting Format.

**5. Limitation on Use of Information.** You agree that you shall not use the information received pursuant to this Agreement, including any Confidential Information, for any purpose other than to comply with Rule 22c-2. You and your affiliates shall observe applicable state and federal privacy laws, rules and regulations with respect to Confidential Information. You shall safeguard all Confidential Information and promptly notify us of any voluntary or involuntary dissemination thereof. Neither you nor any of your affiliates or subsidiaries may use any information provided pursuant to this Agreement for marketing or solicitation purposes. You further agree to notify us in accordance with applicable state law in the event of a compromise or other breach of the security, confidentiality or integrity of information received from us pursuant to this Agreement.

**6. Agreement to Restrict Trading.** We agree to execute reasonable, clear and unequivocal written instructions from you given on behalf of the Fund to restrict or prohibit further purchases of Fund shares by a Shareholder that has been identified by you as having engaged in transactions of the Fund's shares (directly or indirectly through an Account) that violate Fund Policies. Unless you specifically direct us otherwise, such restrictions and prohibitions shall apply only to Shareholder-Initiated Transfer Purchases

and Shareholder-Initiated Transfer Redemptions. We will execute such restrictions with respect to the Shareholder, but only for the Contract through which such transactions in the Fund's shares occurred. We will not impose any restriction, and nothing in this Agreement shall require that we impose any restriction, on a Shareholder based on any transactions other than transactions in the Fund's shares through an Account. Instructions must be received by us via email at the following address: <u>**RSFundOps22c2Requests@massmutual.com**</u> , or such other address that we may communicate to you in writing from time to time. Other correspondence may be sent to us at the following address, or such other address that we may communicate to you in writing from time to time:

Massachusetts Mutual Life Insurance Company

1295 State Street, MIP M200-INVST

Springfield, MA 01111

**7. Form of Instructions.** Instructions given in accordance with Paragraph 6 shall be given to us via e-mail in a mutually agreed upon file format. The instructions in the file must include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a)** the fund account number;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b)** the Shareholder's TIN, ITIN or GII, if known;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** the specific individual Contract owner number or participant account number (if known) associated with the Shareholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** the specific restriction(s) to be executed with respect to such Shareholder, including how long such restriction(s) are to remain in place; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** a brief written statement that may be provided to the Shareholder, explaining how the Shareholder's transfer activity violated Fund Policies.

If the TIN is not known, the instructions must include an equivalent identifying number of the Shareholder(s) or account(s) or other agreed upon information to which the instruction relates.

**8. Timing of Response.** We agree to use reasonable efforts to execute instructions given in accordance with Paragraphs 6 and 7 promptly, but in any event not later than 10 Business Days after receipt of such instructions. We will provide written confirmation to you or your designee as soon as reasonably practicable that instructions have been executed.

**9. Construction of the Agreement; Fund Participation Agreements.** The parties have entered into one or more Fund Participation Agreements between or among them for the purchase and redemption of shares of the Funds by the Accounts in connection with the Contracts. This Agreement supplements those Fund Participation Agreements. To the extent the terms of this Agreement conflict with the terms of a Fund Participation Agreement, the terms of this Agreement shall control.

**10. Termination.** This Agreement will terminate upon the termination of the Fund Participation Agreements.

 **11. Amendment.** This Agreement may be modified or amended, and the terms of this Agreement may be waived, only by a writing signed by the parties.

**12. Binding Effect.** This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.

**13. Counterparts.** This Agreement may be executed in one or more counterparts each of which, when taken together, shall constitute a single instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the parties hereby adopt as original any signatures received via electronically transmitted form.

**Massachusetts Mutual Life Insurance Company**

---

| | |
|:---|:---|
| By: | /s/ Michael S. Dunn |
| Name: | Michael S. Dunn |
| Title: | Head of Institutional Insurance |
| **VAN ECK SECURITIES CORPORATION** | **VAN ECK SECURITIES CORPORATION** |
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Assistant Vice President |
|  | Address for communications: |

---

**SCHEDULE G**

For purposes of this Schedule, the terms summary prospectus and statutory prospectus shall have the same meanings as set forth in Rule 498 under the 1933 Act.

The Fund and Underwriter agree to provide each Portfolio's summary prospectus in formats suitable for print and electronic delivery purposes. The Fund and Underwriter agree that the hosting of such current summary prospectuses and other current documents required by Rule 498(e)(1) ("Fund Documents"), at the url website address designated by the Fund and Underwriter on each summary prospectus ("Fund Documents Site"), is designed to lead directly to the Fund Documents Site and complies with all applicable requirements of Rule 498(e) and (f)(3). The Fund and Underwriter, as applicable, also agree to be responsible for compliance with the provisions of Rule 498 (f)(1) involving requests for additional Fund Documents made directly to the Fund or the Underwriter. The Fund and the Underwriter are not required to provide the summary prospectus delivery option for any Portfolio and should the Fund and the Underwriter decide to discontinue such option, the Underwriter agrees to give the Company no less than sixty (60) days' advance written notice of such discontinuance and agrees to continue the hosting of the current Fund Documents Site only as long as required by Rule 498(e)(1).

The parties hereto agree that the Company is not required to use the summary prospectus delivery option for any Portfolio. If the Company elects to use a portfolio's summary prospectus, the Company agrees to do so in compliance with the Agreement and Rule 498. The Company also agrees that any binding together of summary prospectuses or statutory prospectuses with other materials will be done in compliance with Rule 498(c), consistent with industry standards. The Company further agrees that the Company will be responsible for compliance with the provisions of Rule 948(f)(1) involving requests for Fund Documents made directly to the Company's distribution of any Portfolio's summary prospectuses, the Company agrees to be solely responsible for the maintenance of its website links that lead to the Fund Documents Site. The Company acknowledges that the Fund Documents Site is transmitted over the Internet on a best-efforts basis but that neither the Fund nor the Underwriter warrants or guarantees its reliability. The Company agrees that it will comply with any policies concerning the Fund Documents Site usage that the Fund or the Underwriter provides to the Company, including any posted website Terms of Use.

**SCHEDULE H**

Allocation of Expenses

---

| | |
|:---|:---|
| Paid by the Company | Paid by the Fund |
| Preparing and filing the Separate Account's registration statement | Preparing and filing the Fund's registration statement |
| Text composition for Separate Account prospectus and supplements | Text composition for Portfolio prospectuses, including summary prospectuses, and supplements |
| Text alterations of Separate Account prospectus<br> and supplements | Text alterations of Portfolio prospectuses, including<br> summary prospectuses, and supplements |
| &nbsp;&nbsp; Printing Separate Account prospectuses and supplements for use with prospective Contract owners;<br>Printing Portfolio prospectuses, including summary prospectuses, and supplements for use with<br> prospective Contract owners | Printing Portfolio Prospectus, including summary prospectuses, and supplements for use with existing Contract owners; or if requested by the Company, providing camera-ready film, PDF or typeset electronic document files of such documents and printing such documents for use with existing Contract owners <sup>(1)</sup> |
| Text composition and printing of Separate Account statement of additional information | Text composition and printing of Fund statement of additional information <sup>(1)</sup> |
| &nbsp;&nbsp; Mailing and distributing Separate Account prospectuses, supplements and statement of additional information to existing Contract owners as required by applicable law;<br>Mailing and distributing Separate Account prospectuses and supplements to prospective Contract owners;<br>Mailing and distributing Portfolio prospectuses, including summary prospectuses, and supplements<br> to prospective Contract owners | &nbsp;&nbsp; Mailing and distributing Portfolio prospectuses, including summary prospectuses, supplements and statement of additional information to existing Contract owners <sup>(1)</sup><br>Printing, mailing and distributing Portfolio and Separate Account supplements and other communications related to fund substitutions, fund closings, fund mergers and other similar fund transactions |
| Text composition of any annual and semi-annual reports of the Separate Account, printing, mailing, and distributing any annual and semi-annual reports of the Separate Account | Text composition of annual and semi-annual reports of the Portfolio; printing, mailing, and distributing annual and semi-annual reports of the Portfolio to existing Contract owners <sup>(1)</sup> |
| Text composition, printing, mailing, distributing, and tabulation of proxy statements and voting instruction solicitation materials to Contract owners with respect to proxies sponsored by the Separate Accounts | Text composition, printing, mailing, distributing, and tabulation of proxy statements and voting instruction solicitation materials to Contract owners with respect to proxies sponsored by the Portfolio or the Fund |

---

 

 

<sup>(1)</sup> The Company may choose to print the Portfolio's prospectus(es), summary prospectuses, statement of additional information, and its semi- annual and annual reports, or any of such documents, in combination with such documents of other fund companies. In this case, the Fund's share of the total expense for printing and delivery of the combined materials shall be determined pro-rata based upon the page count of the Portfolio's documents as compared to the total page count for the combined materials containing all other funds offered under the Contracts.

## Ex-99.(H)Iv1I

*Item 30. Exhibit (h) i. v. 1. i.*

***AMENDMENT TO PARTICIPATION AGREEMENT***

**AMONG**

**MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** 

**VANECK VIP TRUST**

**VAN ECK SECURITIES CORPORATION**

**AND**

**VAN ECK ASSOCIATES CORPORATION**

**THIS AMENDMENT** is made and entered into as of the 26th day of June, 2023, amends the Participation Agreement entered into as of the 28<sup>th</sup> day of January, 2021, as amended (the "Agreement") by and among **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,** a life insurance company organized under the laws of the Commonwealth of Massachusetts (the "Company"); **VANECK VIP TRUST,** an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the "Fund"), **VAN ECK SECURITIES CORPORATION** (the "Underwriter"), a Delaware corporation and **VAN ECK ASSOCIATES CORPORATION** (the "Adviser"), a Delaware corporation.

**WHEREAS,** the parties desire to amend the Agreement;

**NOW THEREFORE,** for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Schedule A to the Agreement is hereby deleted in its entirety
and replaced with the attached Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Except
 as expressly provided in this amendment, all other terms and provisions of the Agreement
 shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Terms used, but not otherwise defined herein, shall have the meaning
set forth in the Agreement.

[remainder of page intentionally left blank]

<u>**SCHEDULE**</u> **<u>A</u>**

Separate Accounts of Massachusetts Mutual Life Insurance Company participating in Portfolios of the Fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account IX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account VII

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account X

---

| | |
|:---|:---|
| **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** | **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** |
| By: | /s/ Michael S. Dunn |
| Name: | Michael S. Dunn |
| Title: | Head of Institutional Insurance |
| **VANECK VIP TRUST** | **VANECK VIP TRUST** |
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Vice President |
| **VAN ECK SECURITIES CORPORATION** | **VAN ECK SECURITIES CORPORATION** |
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Assistant Vice President |
| **VAN ECK ASSOCIATES CORPORATION** | **VAN ECK ASSOCIATES CORPORATION** |
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Assistant Vice President |

---

## Ex-99.(H)Iv1Ii

*Item 30. Exhibit (h) i. v. 1. ii.*

**AMENDMENT TO PARTICIPATION AGREEMENT** 

**AMONG**

**MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY**

**VANECK VIP TRUST**

**VAN ECK SECURITIES CORPORATION**

**AND**

**VAN ECK ASSOCIATES CORPORATION**

**THIS AMENDMENT** is made and entered into as of the 6th day of February, 2026, amends the Participation Agreement entered into as of the 28<sup>th</sup> day of January, 2021, as amended (the "Agreement") by and among **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY**, a life insurance company organized under the laws of the Commonwealth of Massachusetts (the "Company"); **VANECK VIP TRUST**, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the "Fund"), **VAN ECK SECURITIES CORPORATION** (the "Underwriter"), a Delaware corporation and **VAN ECK ASSOCIATES CORPORATION** (the "Adviser"), a Delaware corporation.

**WHEREAS**, the parties desire to amend the Agreement;

**NOW THEREFORE**, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The parties wish to amend the Agreement to add C.M. Life Insurance Company, a Connecticut
life insurance company, as a party. The parties agree to add C.M. Life Insurance Company to the Agreement with the same rights and obligations
as Massachusetts Mutual Insurance Company thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. All references in the Agreement to "Company" shall be deemed to include C.M.
Life Insurance Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Schedule A to the Agreement is hereby deleted in its entirety and replaced with the attached
Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Except as expressly provided in this amendment, all other terms and provisions of the Agreement
shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Terms
 used, but not otherwise defined herein, shall have the meaning set forth in the Agreement.

[remainder of page intentionally left blank]

---

| | |
|:---|:---|
| **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** | **MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY** |
| By: | /s/ Laura Johnson |
| Name: | Laura Johnson  |
| Title: | Head of Institutional Insurance |

---

---

| | |
|:---|:---|
| **C.M. LIFE INSURANCE COMPANY** | **C.M. LIFE INSURANCE COMPANY** |
| By: | /s/ Laura Johnson |
| Name: | Laura Johnson |
| Title: | Vice President |

---

**VANECK VIP TRUST**

---

| | |
|:---|:---|
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Vice President |

---

**VAN ECK SECURITIES CORPORATION**

---

| | |
|:---|:---|
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Assistant Vice President |

---

**VAN ECK ASSOCIATES CORPORATION**

---

| | |
|:---|:---|
| By: | /s/ Laura Hamilton |
| Name: | Laura Hamilton |
| Title: | Assistant Vice President |

---

**<u>SCHEDULE A</u>**

Separate Accounts of Massachusetts Mutual Life Insurance Company participating in Portfolios of the Fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• C.M. Life Variable Life Separate Account I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account IX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account VII

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Massachusetts
 Mutual Variable Life Separate Account X

## Ex-99.(H)Iw2Iv

*Item 30. Exhibit (h) i. w. 2. iv.*

 

**SCHEDULE I**

**ACCOUNTS AND ASSOCIATED POLICIES**

**(Updated and effective as of August 11, 2025)**

---

| | |
|:---|:---|
| **<u>Name of Account</u>** | **<u>Policies Funded by Separate Account</u>** |
| Massachusetts Mutual Variable Life Separate Account I<br> Established July 13, 1988 | Apex VUL<sup>SM</sup><br>|
| Massachusetts Mutual Variable Life Separate Account IX<br> Established August 17, 2020 | Strategic Life 20<br>|
| Massachusetts Mutual Variable Life Separate Account X<br> Established June 15, 2023 | Strategic Life 21 |
| Massachusetts Mutual Variable Life Separate Account VII<br> Established October 17, 2005 | Strategic Life 20B<br> Strategic Life 21B |
| C.M. Life Variable Life Separate Account I<br> Established February 2, 1995 | Electrum Select<sup>SM</sup><br>Apex VUL<sup>SM</sup>  |
| MML Bay State Variable Life Separate Account II,<br> MML Bay State Variable Life Separate Account III,<br> MML Bay State Variable Life Separate Account IV,<br> MML Bay State Variable Life Separate Account V  | Strategic Life 5 |

---

## Ex-99.Ni

*Item 30. Exhibit (n) i.*

 

*[KPMG letterhead appears here]*

 

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated February 26, 2026, with respect to the statutory financial statements of C.M. Life Insurance Company, incorporated herein by reference, and to the reference to our firm under the heading "Experts" in the Statement of Additional Information.

/s/ KPMG LLP

Hartford, Connecticut

April 20, 2026

*[KPMG letterhead appears here]*

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated March 10, 2026, with respect to the financial statements of C.M. Life Variable Life Separate Account I, incorporated herein by reference, and to the reference to our firm under the heading "Experts" in the Statement of Additional Information.

/s/ KPMG LLP

Boston, Massachusetts

April 20, 2026

## Ex-99.(Q)

---

| | |
|:---|:---|
|  | *Item 30. Exhibit (q)* |
| C.M. Life Electrum Select<sup>SM</sup><br>April 23, 2026 |  |
| **Description of Issuance, Transfer, and Redemption Procedures for a**<br>**Flexible Premium Variable Adjustable Life Insurance Policy Offered by**<br>**C.M. Life Variable Life Separate Account I of C.M. Life Insurance Company** | **Description of Issuance, Transfer, and Redemption Procedures for a**<br>**Flexible Premium Variable Adjustable Life Insurance Policy Offered by**<br>**C.M. Life Variable Life Separate Account I of C.M. Life Insurance Company** |

---

This document sets forth, as required by Rule 6e-3(T)(b)(12)(iii), adopted pursuant to the Investment Company Act of 1940 (1940 Act), the administrative procedures that will be followed by C.M. Life Insurance Company (C.M. Life) in connection with the issuance of the Flexible Premium Variable Adjustable Life Insurance Policy (Policy) described in this Registration Statement, the transfer of assets held thereunder, and the redemption by Policy Owners of their interests in the Policies. Capitalized terms used but not defined herein have the meanings ascribed to them in the prospectus.

C.M. Life Variable Life Separate Account I (Separate Account) of C.M. Life is registered under the 1940 Act as a unit investment trust. A segment of the Separate Account has been designated to receive and invest premium payments from owners of the Policies. The designated segment of the Separate Account is divided into divisions. Each Separate Account Division purchases shares in a corresponding underlying Fund. Procedures apply equally to each Separate Account Division and for purposes of this description are defined in terms of the Separate Account, except where a discussion of both the Separate Account and the individual Separate Account Division is necessary.

Although a Policy provides for fixed benefits supported by our Guaranteed Principal Account (GPA), this description assumes that Net Premiums are allocated exclusively to the Separate Account and that all transactions involve only the Separate Account Divisions, except as otherwise explicitly stated herein. We provide the following information regarding the Policies.

1. Purchases and Related Transactions

This section outlines Policy provisions and administrative procedures that might be deemed to constitute, either directly or indirectly, a "purchase" transaction. Because of the insurance nature of the Policies, the procedures involved necessarily differ in certain significant respects from the purchase procedures for mutual funds and annuity contracts. The chief differences revolve around the structure of the cost of insurance charges and the insurance underwriting process. Certain Policy provisions, such as reinstatement and loan repayment, do not result in the issuance of a Policy but require certain payments by the Policy Owner and involve a transfer of assets supporting Policy reserves into the Separate Account.

a. <u>Premium Schedules and Underwriting Standards</u>

The minimum Case premium is $100,000 of first year annualized premium for all Policies in a Case.

A premium payment schedule may be selected at the time of application; however, the frequency and amount scheduled may be changed at any time.

A Policy Owner may make additional premium payments at any time before the death of the Insured while the Policy is still In Force, but such payments cannot be less than $100. We have the right to refund premium paid if application of that premium increases the net amount at risk. In addition, if any subsequent premium will cause the Policy to become a Modified Endowment Contract (MEC), we will follow certain procedures described in the prospectus for the Policy with respect to applying all or a portion of the premium to the Policy. The amount and frequency of any additional premium payments will affect the Account Value and may ultimately affect the amount of the death benefit and the period that the Policy will remain In Force.

The Policies do not terminate for failure to pay premiums because premium payments, other than the initial premium, are not specifically required. Rather, if on a Monthly Calculation Date, the Account Value less any Policy Debt is insufficient to cover the total monthly charges, the Policy enters a Grace Period. The Policy will terminate without value if we do not receive payment of the required amount by the end of the Grace Period.

Cost of insurance charges for the Policy will not be the same for all Policy Owners. The cost of insurance charge rates may vary by a number of factors, including but not limited to, the Insured's issue age, Insured's gender, Policy Year, tobacco use classification and risk classification. Accordingly, there will be different "prices" for each actuarial category of Policy Owners because different costs of insurance rates will apply. Tables showing the maximum cost of insurance charges will be delivered as part of the Policy.

The Policies will be offered and sold pursuant to our underwriting standards and in accordance with state insurance laws.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

b. <u>Application and Initial Premium Processing</u>

Insurance coverage begins when a completed application and all other required forms have been received in Good Order, the applicant has been judged to be insurable, and an amount equal to or in excess of the minimum initial premium has been paid.

If a Policy Owner requests in his/her application that we set the Policy Date to be a specific date earlier than the Issue Date (referred to as "backdating"), monthly charges will be deducted as of the Policy Date and will cover a period of time that has already passed and during which the Policy was not in effect. If permitted by the laws of the state in which the Policy is issued, the Policy may be backdated up to six months, provided that the minimum initial premium is paid. Any Net Premiums received on or before the Issue Date of the Policy will be allocated to the GPA. If the Policy Owner pays a premium with his/her application and requests the Policy be backdated to a date earlier than the date we receive the payment, interest will not accrue on the Policy prior to the Policy's Issue Date. We do not credit any interest to the Policy prior to the Issue Date.

c. <u>Free Look Period</u>

A Free Look period under state law provides a Policy Owner the right to cancel the Policy by returning it within ten calendar days (or longer depending on the state of issuance) after receipt of the issued Policy by the Policy Owner. The Policy may be returned by delivering or mailing it to our Administrative Office or to the agent who sold the Policy.

During the Free Look period, we will apply the initial Net Premium among the GPA and/or Separate Account Divisions according to the Policy Owner's instructions and subject to our current allocation rules.

If the Policy Owner chooses to cancel the Policy within the Free Look period, a refund will be made to the Policy Owner. The refund will generally equal any premium paid for the Policy (reduced by any loans or withdrawals), plus interest credited to this Policy under the GPA (if applicable), plus or minus an amount that reflects the investment experience of the Separate Account Divisions selected under the Policy to the date the Policy is received by us. If a Policy is issued in a state that requires a return of premium and that Policy is cancelled during the Free Look period, as permitted by state law, the refund will equal all premiums paid, reduced by any loans or withdrawals. In these states, each premium we receive prior to the end of the Free Look period will be allocated to the GPA.

d. <u>Premium Allocation</u>

"Net Premiums" are credited to the Policy as of the Valuation Date the premium payments are received by us in Good Order. Net Premiums are equal to the premium paid minus the premium load.

We may increase or decrease the current premium load; however, it will never exceed the maximum premium load charge which is 10% of each premium.

A Policy Owner may change the allocation of Net Premiums without charge at any time by sending a written notice in Good Order to our Administrative Office. Telephone or fax transmissions are also permitted. The change will be effective as of the date of receipt of the notice at our Administrative Office. The Policy Owner may transfer amounts among all of the Separate Account Divisions and the GPA, subject to certain restrictions.

e. <u>Loans</u>

To take a loan, the Policy Owner must send a Written Request in Good Order to us on our administrative form. The Policy must be properly assigned to us as collateral for the loan. Once we have processed the loan request it is considered effective and outstanding. We charge interest on the loan; and the interest may be added to the Policy loan. Loan interest begins to accrue as soon as the loan is effective. Therefore, loan interest will accrue even if the loan check is not cashed. The loan interest rate is the minimum annual interest rate for the GPA (1%) plus an amount not more than the maximum loan interest rate expense charge. The loan interest rate expense charge is currently 1% (for loans in years 1 through 10) and is guaranteed not to exceed 3%. For Policy Years 11 and greater, the maximum loan interest rate expense charge is 3% and the current charge is 0%.

When a loan is made, we will take the loan amount requested from the Separate Account Divisions and the non-loaned portion of the GPA in proportion to the non-loaned Account Value of each on the effective date of the loan. Shares taken from the Separate Account Divisions are liquidated and the resulting dollar amounts are transferred to the GPA. We will normally pay any loan amounts within seven calendar days after receipt of all required documents in Good Order at our Administrative Office.

------

We may delay the granting of any loan attributable to the Separate Account during any period that the New York Stock Exchange (NYSE), or its successor, is closed except for normal weekend and holiday closings, or trading is restricted, or the Securities and Exchange Commission (SEC), or its successor, determines that an emergency exists, or the SEC permits us to delay payment for the protection of its policy owners, or we are permitted by state law to delay such payment.

The maximum loan is an amount equal to: (1) 100% of the Policy's Account Value at the time of the loan; less (2) any outstanding Policy Debt before the new loan; less (3) an amount equal to three times the most recent monthly charges. The amount equal to any outstanding Policy loans is held in the GPA and is credited with interest at a rate equal to the minimum annual interest rate for the GPA (1%). As long as a loan is outstanding, a portion of the Policy's Account Value equal to the loan is held in the GPA.

Interest accrues daily and becomes part of the Policy Debt. It is due on each Policy Anniversary date. If not paid when due, the interest will be added to the loan and, as part of the loan, will bear interest at the same rate. Any interest capitalized on a Policy Anniversary date will be treated the same as a new loan and will be taken from the Separate Account Divisions and the GPA in proportion to the non-loaned Account Value in each. If the Policy Debt exceeds the Account Value, we may terminate the Policy. Prior to termination, we must notify the Policy Owner in writing of the amount necessary to bring the Policy Debt back within the limit. If we do not receive payment within 31 days after the date we mailed the notice, the Policy terminates without value at the end of those 31 days.

Any Policy Debt may be repaid in full or in part at any time while the Insured is living and the Policy is In Force. Any repayments will result in the transfer of values equal to the repayment from the loaned portion of the GPA to the non-loaned portion of the GPA and Separate Account Divisions. The transfer will be made in accordance with the Net Premium allocation in effect.

A Policy loan negatively affects the Policy because the death benefit and Surrender Value under a Policy are reduced by the amount of the loan. Repayment of the loan increases the death benefit and Surrender Value under the Policy by the amount of the repayment.

f. <u>Correction of Misstatement of Age or Gender</u>

If we discover that the Insured's date of birth or gender as given in the application is not correct, an adjustment will be made. If the adjustment is made when the Insured dies, the death benefit will reflect the amount provided by the most recent mortality charge according to the correct age and gender. If the adjustment is made before the Insured dies, then future monthly deductions will be based on the correct age and gender.

g. <u>Policy Reinstatement</u>

For a period of three years after the date of termination (or longer if required by state law), a Policy Owner can request that we reinstate the Policy during the Insured's lifetime. We will not reinstate the Policy if it has been surrendered for its Surrender Value. Before we will reinstate the Policy, we must receive the following: (1) a reinstatement application; (2) a premium payment equal to three times the monthly charges due for the Policy on the Monthly Calculation Date which is on, or next follows, the date of reinstatement; (3) evidence of insurability that is satisfactory to us; and (4) where necessary, a signed acknowledgement that the Policy has become a MEC. If a Policy is reinstated, the Base Selected Face Amount for the reinstated Policy will be the same as it would have been if the Policy had not been terminated. The right to contest the validity of the Policy begins again on the date of reinstatement.

h. <u>Change in Selected Face Amount or in Death Benefit Option</u>

A Policy Owner's Base Selected Face Amount may be increased upon Written Request by the Policy Owner, subject to our approval. Any increase must be in the amount of at least $5,000, unless we establish a lower minimum. Evidence of insurability satisfactory to us may be required for each increase. If the Base Selected Face Amount is increased, we will send revised Policy Specifications reflecting that increase. Any increase in the Base Selected Face Amount will become effective on the Monthly Calculation Date which is on, or next follows, the later of: (1) the date a Written Request for such change has been received and approved by us; or (2) the requested effective date of the change. No increase in the Base Selected Face Amount can become effective: (1) within six months after the Policy Date; (2) within six months after any previous increase; or (3) on or after the Insured's Attained Age 80. Upon Written Request satisfactory to us, a request for a decrease in the Base Selected Face Amount will be honored by us provided the Policy maintains a minimum Base Selected Face Amount of $25,000. The cost of insurance charges will reflect the increased (decreased) face amount and will be deducted beginning on the effective date of the increase (decrease). Any decrease in the Base Selected Face Amount will become effective on the Monthly Calculation Date which is on, or next follows, the later of: (1) the date a Written Request for such change has been received and approved by us; or (2) the requested effective date of the change.

------

While the Policy is In Force, a Policy Owner may change the death benefit option by Written Request submitted to us. We may require a written application and evidence of insurability satisfactory to us for any death benefit option change. Any change in the death benefit option will take effect on the Policy Anniversary date on or next following the later of: (1) the date a Written Request for such change has been received and approved by us; or (2) the requested effective date of the change.

2. "Redemption Procedures": Surrender and Related Transactions

The Policies provide for the payment of proceeds to a Policy Owner or beneficiary upon presentation of a Policy. Generally, except for the payments of death benefits, the imposition of cost of insurance and other monthly charges, the payee will receive a pro rata or proportionate share of the Separate Account's assets, within the meaning of the 1940 Act, in any transaction involving "redemption procedures." The amount received by the payee will depend upon the particular benefit for which the Policy is presented, including, for example, the Surrender Value or death benefit. There are also certain Policy provisions (e.g., partial withdrawals or the loan privilege) under which the Policy will not be presented to us, but which will affect the Policy Owner's benefits and may involve a transfer of the assets supporting the Policy reserve out of the Separate Account. Any combined transactions on the same day which counteract the effect of each other will be allowed.

We will assume the Policy Owner is aware of the possible conflicting nature of the transactions and desires their combined result. If a transaction is requested which we will not allow (e.g., a request for a decrease in death benefit which lowers the amount below the stated minimum), we will reject the entire transaction and not just the portion which causes the disallowance. The Policy Owner will be informed of the rejection and will have an opportunity to give new instructions.

a. <u>Surrender for Surrender Value</u>

At any time while the Insured is still living, the Policy Owner may surrender the Policy for its full Surrender Value. Unless a later effective date is selected, surrender is effective on the date we receive a Written Request in Good Order at our Administrative Office. If, however, the day on which they are received is not a day on which the net asset value of the underlying Funds, in which the Separate Account Divisions invest is determined (i.e., the NYSE, or its successor, is not open for trading), or if they are received after a certain time (currently 4:00 p.m. Eastern Standard Time), then they are deemed received on the next day the net asset value of the underlying Funds is determined. We will normally pay the full Surrender Value within seven calendar days after receipt of the Written Request in Good Order.

The Surrender Value is the Account Value less any Policy Debt. If elected, the Cash Surrender Value Enhancement Rider provides for the payment of an increased Surrender Value when there is a complete surrender of the policy (except a surrender during the Free Look period or a surrender that qualifies as a Section 1035 exchange) while the rider is In Force. The Surrender Value of a Policy is affected by the investment performance of the Separate Account Divisions in which the Policy has Account Value, and the interest credited on the amount of value held in the GPA. The Surrender Value may increase or decrease daily.

The Account Value is determined by the amount and frequency of premium payments, the investment experience of the Separate Account Divisions chosen by the Policy Owner, the interest earned on value allocated to the GPA, and any withdrawals or charges imposed in connection with the Policy. We will deduct a premium load charge from each premium payment. We will also make the following monthly deductions from the Policy: (1) cost of insurance charge, (2) administrative charge, (3) base face amount charge, (4) mortality and expense risk charge, and (5) rider charge, if applicable. Other possible deductions from the Policy (which occur on a Policy specific basis) include a charge for partial withdrawals, a charge for transfers (although there currently is no such charge), a charge for loans, and a charge to transfer the coverage to a substitute insured.

b. <u>Charges on Partial Withdrawal</u>

Subject to certain conditions, after the Policy has been In Force for twelve months, withdrawals may be made at any time while the Policy is In Force and the Insured is living, by sending a Written Request in Good Order to our Administrative Office. The minimum amount of any withdrawal is $100. A withdrawal charge of 2% of the amount of the withdrawal, not to exceed $25, will be deducted from the withdrawal.

The maximum amount of any withdrawal is 90% of the Account Value, less any outstanding Policy Debt, less an amount equal to the most recent monthly charge multiplied by one (1) plus the number of Monthly Calculation Dates remaining until the next Policy Anniversary date. The withdrawal is deducted from the Policy's Account Value on the Valuation Date on which we receive the Written Request in Good Order. Withdrawals may be made from the GPA or from any Separate Account Division as the Policy Owner directs but may not exceed the non-loaned Account Value of that Separate Account Division or GPA. If the Policy Owner does not indicate from where the withdrawal should be taken, we will withdraw the

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amount pro rata from the Separate Account Divisions and the GPA. Unless we receive satisfactory evidence of insurability, the Base Selected Face Amount will be reduced upon withdrawal as needed to prevent an increase in the amount of insurance that requires a charge. Withdrawals from the Separate Account will generally be paid within seven calendar days of receipt of the Written Request in Good Order.<sup>(1)</sup>

c. <u>Death Benefit</u>

As long as the Policy remains In Force, we will pay a death benefit to the Beneficiary generally within seven calendar days after we receive due proof of death of the Insured and verify the validity of the claim. Payment of death benefits may, however, be postponed under certain circumstances.<sup>(2)</sup> In particular, during the first two Policy Years and in other circumstances in which we may have a basis for contesting the claim, there can be a delay beyond the seven day period.

The death benefit is the amount payable to the Beneficiary when the Insured dies. A choice of death benefits is available under the Policy (referred to as Death Benefit Option 1, Death Benefit Option 2, and Death Benefit Option 3). Death Benefit Option 1 equals the greater of the Base Selected Face Amount in effect on the date of death, or the Minimum Death Benefit in effect on the date of death. Death Benefit Option 2 equals the greater of the Base Selected Face Amount in effect on the date of death, plus the Account Value on the date of death, or the Minimum Death Benefit in effect on the date of death. Death Benefit Option 3 equals the greater of the Base Selected Face Amount in effect on the date of death, plus the sum of all premiums paid (and not refunded), less any withdrawals to that date or the Base Selected Face Amount in effect on the date of death, or the Minimum Death Benefit in effect on the date of death. Death benefit proceeds under any option will be reduced by any outstanding Policy Debt, plus or minus any unearned or unpaid monthly deductions.

Any Policy Debt outstanding on the date of death and any monthly deduction unpaid as of the date of death are deducted from the death benefit. All or part of the benefit can be paid in cash. The death benefit will normally be paid in one lump sum payment. We will pay interest on the death benefit from the date of death to the date of a lump sum payment. The amount of interest will be computed at the rate for funds left on deposit with us that is applicable to individual life insurance policies or, if we have not established a rate for funds left on deposit, at the Two Year Treasury Constant Maturity Rate as published by the Federal Reserve, if greater, the annual rate required by applicable law.

d. <u>Policy Termination</u>

If the Account Value less any Policy Debt is not sufficient to pay certain monthly deductions under the Policy on the Monthly Calculation Date, the Policy will terminate without value after a Grace Period. The Grace Period begins on the date monthly charges are due and ends the later of: 61 calendar days after the date the Grace Period begins, or 31 calendar days after the date we mail you and any assignee shown in our records written notice at their last known address. The Policy will stay In Force during the Grace Period. Notice of the amount required to continue the Policy In Force will be mailed to the Policy Owner at the last known address and, if required, to any assignee of record. If a sufficient payment is not received by us by the end of the Grace Period, the Policy will terminate without value. If the Insured dies during a Grace Period, the death benefit proceeds will be reduced by any due and unpaid monthly deductions to the date of death.

If the Account Value less Policy Debt on a Monthly Calculation Date cannot cover the monthly charges due then the Account Value will be reduced to zero and all monthly charges due and unpaid will be deducted on the date of the next premium payment.

e. <u>Account Value Transfers</u>

All or part of a Policy's Account Value may be transferred among Separate Account Divisions or the GPA by Written Request delivered to our Administrative Office in Good Order. Transfers between Separate Account Divisions may be by dollar amount or by any percentage (to two decimals) and all transfers are subject to our procedures intended to detect and prevent market timing and excessive trading.

There is no limit to the number of transfers in a Policy Year. However, we reserve the right to charge a fee not to exceed $10 per transfer if there are more than 12 transfers in a Policy Year, and all transfers are subject to our procedures intended to detect and prevent market timing and excessive trading.

Policy Owners may transfer all funds in the Separate Account to the GPA and to other Separate Account Divisions at any time.

Transfers from the GPA to the Separate Account may be made only once each Policy Year. Each such transfer may not exceed 25% of the value in the GPA (excluding Policy Debt) at the time of the transfer. A transfer of 100% of the value in the GPA will be allowed if: (1) in each of the three prior Policy Years a maximum transfer (i.e., 25% of the value in the GPA) was made from the GPA, and (2) no premiums have been allocated to the GPA nor transfers made to the GPA (except as the

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result of a loan) during the three prior Policy Years. Any transfer will be effective as of the Valuation Date on which a transfer request is received at our Administrative Office in Good Order and all transfers made on one Valuation Date will be considered one transfer.

(1) Payment
 from the Separate Account may be postponed whenever: (i) it is not reasonably practicable for us to determine the amount because the NYSE
 is closed other than
 for customary weekend and holiday closings, or trading on the NYSE is restricted as determined by the SEC or (ii) an emergency exists
 as a result of which
 disposal of shares of Funds is not reasonably practicable or we cannot reasonably value the shares of the Funds. Payment from the portion
 of the Account Value
 held in the GPA may be postponed up to six months. Payments under the Policy of any amount paid to us by check may be postponed until
 such time as the check
 has cleared the Policy Owner's bank.

(2) See
 note 1 supra.

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