Common use of Thrivent Moderate Allocation Fund Clause in Contracts

Thrivent Moderate Allocation Fund. The management fee for this Fund, with respect to all asset types (including the underlying Thrivent mutual funds) in which this Fund invests, shall be at the annual rate of 0.15 of 1% on the first $500 million of average daily net assets; 0.125 of 1% on the next $1.5 billion of average daily net assets; and 0.10 of 1% of average daily net assets over $2 billion. The management fee for this Fund, with respect to assets (other than the Thrivent mutual funds) in which this Fund invests, shall be at the annual rate of 0.50 of 1% of average daily net assets. These management fees shall be calculated in accordance with Paragraph 5 of Thrivent Mutual Funds Investment Advisory Agreement.

Thrivent Moderate Allocation Fund. The management fee for this Fund, with respect to all asset types (including the underlying Thrivent mutual funds) in which this Fund invests, invests shall be at the an annual rate of 0.15 of 10.150% on for the first $500 million of average daily net assets; 0.125 of 1, 0.125% on for the next $1.5 billion of average daily net assets; , and 0.10 of 10.100% of for average daily net assets over $2 billion. The management fee for this Fund, Fund with respect to assets (other than the Thrivent mutual funds) in which this Fund invests, invests shall be at the annual rate of 0.50 of 10.500% of average daily net assets. These management fees shall be calculated in accordance with Paragraph 5 of Thrivent Mutual Funds Investment Advisory Agreement.

Thrivent Moderate Allocation Fund. The management fee for this Fund, Fund with respect to all asset types (including the underlying Thrivent mutual funds) in which this Fund invests, invests shall be at the an annual rate of 0.15 of 10.150% on for the first $500 million of average daily net assets; 0.125 of 1, 0.125% on for the next $1.5 billion of average daily net assets; and 0.10 of 1, 0.100% of for average daily net assets over $2 billion but less than $5 billion, 0.075% for average daily net assets over $5 billion but less than $10 billion, and 0.05% for average daily net assets over $10 billion. The management fee for this Fund, Fund with respect to assets (other than the Thrivent mutual funds) in which this Fund invests, invests shall be at the annual rate of 0.50 of 10.500% of average daily net assets. These management fees shall be calculated in accordance with Paragraph 5 of Thrivent Mutual Funds Investment Advisory Agreement.