Document:

Service Agreement Dated January 1, 1982.

SERVICE AGREEMENT 
BETWEEN 
THE MUTUAL LIFE INSURANCE COMPANY OF
NEW YORK 
AND 
MONY LIFE INSURANCE COMPANY OF AMERICA 
 
AGREEMENT made this 1st day of January, 1982, by and between THE MUTUAL LIFE INSURANCE
COMPANY OF NEW YORK, a mutual life insurance company, organized and existing under the laws of the State of New York (“MONY”) and MONY LIFE INSURANCE COMPANY OF AMERICA, an insurance corporation, organized and existing under the laws of
the State of Arizona (“MONYAMA”): 
 
WHEREAS, MONYAMA is a wholly-owned subsidiary of MONY; and 
 
WHEREAS, MONY has certain personnel, facilities and equipment which may from time to time be helpful to MONYAMA in the performance of its operation as an insurance company; and 
 
WHEREAS, MONYAMA desires to utilize from time to time certain
of MONY’s personnel, facilities and equipment as may be necessary and desirable to further the conduct of its business: 
 
NOW, THEREFORE, this Agreement 
 
WITNESSETH: 
 
that for and in consideration of the mutual promises hereinafter set forth, the parties hereto agree as follows: 

 
1.  While this Agreement remains in effect, MONY agrees to make available to MONYAMA at its request such personnel, services, facilities, supplies and equipment (hereinafter collectively referred to as
“Services”), as the parties hereto shall agree to be reasonably necessary or desirable to the conduct of MONYAMA business, including but not limited to: 
 

	 	(a)	 	the services of certain officers and employees of MONY; 

 

	 	(b)	 	office space, heat, light, power, water and other utilities; 

 

	 	(c)	 	supplies and stationery; 

 

	 	(d)	 	EDP and other equipment; 

 

	 	(e)	 	long distance telephone, wire services and similar services; 

 

	 	(f)	 	all similar miscellaneous office facilities. 

 
2.  All such Services shall be provided on a cost reimbursal basis and payment therefore shall be made within 45 days of
billing. 
 
The cost reimbursal basis to be used
shall be MONY’s Cost Allocation System; that is, MONY’s internal current systemized method for allocating costs by function and line, prepared in compliance with applicable New York laws and regulations. 
 
However direct expenses, that is, expenses payable to
unrelated third parties for costs incurred exclusively by MONYAMA such as audit or legal fees to firms for work performed on MONYAMA matters, shall be paid directly by MONYAMA to such third parties. In the event, however, that such direct expenses
have been billed to and paid by MONY, MONY shall re bill same to MONYAMA, at cost, and MONYAMA shall promptly pay MONY for same. 

 
3.  The books, accounts, and records of the parties hereto shall be so maintained as to clearly and accurately disclose the nature and details of each transaction between them, and the source of each cost reimbursal or
direct expense charge made hereunder, including such accounting information as is necessary to support the reasonableness of all such charges made hereunder. 
 
4.  In the event of any difference arising hereafter between the contracting parties with reference to any transaction under
this Agreement, the same shall be referred to a committee of three arbitrators, each of the contracting companies to appoint one of the arbitrators and such two arbitrators to select the third. 
 
In case of disagreements as to the third member of the
committee of arbitrators, each of the first two chosen shall provide one name and the appointment shall be made by drawing lots. 
 
Each party shall submit its case in writing to the committee within one month of the date of the establishment of the committee. The
committee shall be expected to give its decision in writing within one month after the final submission of the two parties. 
 
The decision of the majority of the three members of the committee shall be deemed to be a decision of the committee, and shall be binding
upon the parties hereto. 
 
Each party shall bear
the expense of its own arbitration, including its arbitrator and outside attorney fees, and shall jointly and equally bear with the other parties the expense of the third arbitrator. Any remaining costs of the arbitration proceedings shall be
apportioned by the committee of arbitrators. 

 
Any
arbitration instituted pursuant to this Article shall be held in New York, New York and the laws of the State of New York shall govern the interpretation and application of this agreement. 
 
5.  This Agreement may be terminated at any time by either party without penalty upon 60 days’
written notice provided six months’ prior written notice is provided to MONY’s computer service department. MONY will advise MONYAMA of any anticipated changes in its then current Cost Allocation System. In the event MONYAMA does not
approve of such change, this agreement may be terminated immediately by MONYAMA upon written notice within 10 days of the later of (a) the date of MONY’s notifying MONYAMA of its intent to make such change and (b) the effective date of such
change. 
 
6.  This Agreement supersedes
and cancels any Service Agreement heretofore entered into by the parties. 
 
7.  This Agreement shall not be modified except by a writing executed by both parties hereto. 
 
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date and year above written. 
 

	
	 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK
  

	
	 By:
	 	 /s/    KIHONG
SUNG        

	 	 	 Vice President
  
  

	 MONY LIFE INSURANCE COMPANY OF AMERICA
  

	
	 By:
	 	 /s/    PHILLIP
EISENBERG        

	 	 	 Vice President

 
 

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Amendment to Service Agreement 
Dated January 1, 1982 between 
The Mutual Life Insurance Company of New York 
and 
MONY Life Insurance Company of America 
 
Agreement of Amendment made as of the 1st day of October, 1989 between The Mutual Life Insurance Company of New York, a mutual life
insurance company, organized and existing under the laws of the State of New York (“MONY”) and MONY Life Insurance Company of America, an insurance corporation, organized and existing under the laws of the State of Arizona
(“MONYAMA”): 
 
WHEREAS, MONY and MONYAMA
have heretofore entered into an agreement, dated January 1, 1982 (“Agreement”), providing, inter alia, for MONY to provide certain services (“Services”) to MONYAMA in connection with the operation of its insurance business; and

 
WHEREAS, MONY and MONYAMA desire to modify the
terms of the Agreement as hereinafter set forth: 
 
NOW, THEREFORE, for and in consideration of the mutual promises hereinafter set forth, the parties hereto agree as follows: 
 
1.  MONY shall furnish the Insurance Commissioner of the State of California with any information or reports concerning the
Services which the Commissioner may request in order to ascertain whether the variable life insurance operations of MONYAMA are being conducted in a manner consistent with applicable laws and regulations of the State of California. 
 
2.  This Agreement may not be assigned without the
prior written consent of MONYAMA. 
 
3.  The records created and maintained during the course of performance of this agreement shall be the property of MONYAMA and subject to its direction and control. 
 
4.  MONYAMA shall have the right, during normal
business hours, and upon reasonable notice, to inspect, audit, and copy any and all records pertaining to the performance of the services provided under the Agreement. 
 
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date and year above
written. 
 
 

	 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK

	
	 By:
	 	 /s/    JESSE M.
SCHWARTZ        

	 	 	 Vice President
  

	 MONY LIFE INSURANCE
COMPANY OF AMERICA

	
	 By:
	 	 /s/    PHILLIP
EISENBERG        

	 	 	 Vice President

 

5Services Agreement Dated November 3, 1997

SERVICES AGREEMENT 
 
SERVICES AGREEMENT (the “Agreement”) made as of this 3rd day of November, 1997, by and between THE
MUTUAL LIFE INSURANCE COMPANY OF NEW YORK (“MONY”), a mutual life insurance company organized and existing under the laws of the State of New York, and MONY LIFE INSURANCE COMPANY OF AMERICA (“Adviser”), a corporation organized
and existing under the laws of the State of Arizona. 
 
WITNESSETH 
 
WHEREAS, Adviser is a
wholly owned subsidiary of MONY and is registered as an investment adviser under the Investment Advisers Act of 1940; 
 
WHEREAS, Adviser will contemporaneously with this Agreement enter into an Investment Advisory Agreement (a copy of which is attached
hereto) with MONY Private Assets Trust (the “Trust”), a series mutual fund established to serve as the underlying funding vehicle for separate accounts of MONY Life insurance Company of America established to offer, pursuant to private
placement exemptions under the Securities Act of 1933 and the Investment Company Act of 1940, variable insurance contracts; 
 
WHEREAS, MONY has an interest in assuring that the activities and operations of Adviser are successful; 
 
WHEREAS, MONY employees personnel having substantial
experience in managing investment portfolios and in providing related administrative functions, and has available the facilities and equipment necessary for operating an investment advisor and research business; and 
 
WHEREAS, Adviser desires to utilize the personnel, facilities
and equipment of MONY in carrying on its business; 
 
NOW, THEREFORE, for and in consideration of the premises and the mutual promises set forth in this Agreement, the parties agree as follows: 
 
1.  MONY shall on a fair and equitable basis make available to Adviser at its request such personnel, services, facilities,
supplies and equipment (hereinafter collectively referred to as 

“Services”) as shall reasonably be necessary or desirable to the conduct of Adviser’s business, including, but not limited to:

 
a.  the services of
certain officers and employees of MONY to better enable Adviser to carry on its investment management and administrative functions; 
 
b.  office space; 
 
c.  supplies and stationery; 
 
d.  equipment; 
 
e.  telephone, wire services and similar services; 
 
f.  heat, light, power, water and
other utilities; and 
 
g.  all similar miscellaneous office expenses and services. 
 
2.  MONY shall be compensated for such Services as agreed to in writing by the parties to this Agreement. 
 
3.  Any such compensation under paragraph 2 shall be reviewed from time to time by the parties to
this Agreement, and the books, accounts and records of each party to this Agreement shall be so maintained as to clearly and accurately disclose the nature and details of each transaction between the parties. 
 
4.  MONY hereby authorizes the Adviser to grant the
Trust permission to use the word “MONY” in the Trust’s name and to grant a royalty-free, non-exclusive license to the Trust to use such other service marks as have been or may in the future be adopted by MONY, for the term and subject
to the conditions provided in Article VI of the Investment Advisory Agreement between Adviser and the Trust executed contemporaneously herewith. MONY shall have the right to require the Adviser to terminate such permission and license, on sixty (60)
days’ prior notice, pursuant to the right to terminate reserved by Adviser in said Article VI. 
 
5.  This Agreement will continue in effect from year to year with respect to each of the Trust’s Portfolios, whenever
created, as to which Adviser acts as investment adviser (the “Portfolios”) unless the Trustees, by a majority vote, terminate the Agreement with respect to one or more of the Portfolios. 
 

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6.  If, with respect to any Portfolio of the Trust, a majority of the outstanding shares of beneficial interest of such Portfolio vote to terminate this Agreement, this Agreement shall automatically terminate with respect
to such Portfolio. 
 
7.  This Agreement
may be terminated without payment of penalty by either party hereto on at least 60 days’ written notice. 
 
8.  This Agreement shall automatically terminate upon its assignment by either party. 
 
9.  This Agreement shall automatically terminate
with respect to any Portfolio of the Trust at such time as the Investment Advisory Agreement between Adviser and the Trust shall terminate with respect to such Portfolio. 
 
10.  If this Agreement is terminated (except by reason of assignment), in whole or with respect to
any Portfolio, and the Board of Trustees of the Trust so requests, MONY will continue to provide Services to Adviser as provided in this Agreement for up to 120 days with respect to any Portfolio of the Trust (as requested) pending the required
approval of this Agreement, approval of a new services contract with MONY or a different investment adviser, or other definitive action. During such continuance MONY shall be compensated on a cost-reimbursal basis as provided in this Agreement.

 
11.  This Agreement may not be
amended, in whole or with respect to any Portfolio, without the agreement thereto in writing by Adviser and MONY, and approval for such amendment by the Trust’s Board of Trustees or a majority of the outstanding shares of the class of capital
stock of such Portfolio. 
 
12.  The
parties agree to furnish applicable federal and state regulatory authorities with any information or reports in connection with this Agreement which such authorities may request. 
 
13.  This Agreement is subject to, and is to be interpreted in accordance with, the provisions of
the 1940 Act, and the rules and regulations of the Securities and Exchange Commission thereunder, and the laws of the State of New York. As used with respect to the Trust or any of its portfolios, the term “majority of the outstanding
shares” means the lesser of (i) 67 percent of the shares represented at a meeting at which more than 50 percent of the outstanding shares are represented or (ii) more than 50 percent of the outstanding shares. 
 

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IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be executed on the date and year above written. 
 
MONY LIFE INSURANCE COMPANY OF
AMERICA 
 

	
	 By:
	 	 /s/    KENNETH M. LEVINE
        

	 	 	 Executive Vice President

 
THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK 
 

	
	 By:
	 	 /s/    KENNETH M. LEVINE
        

	 	 	 Executive Vice President

 
F1614

 

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