SECOND AMENDMENT TO THE VICTORY VARIABLE INSURANCE FUNDS CONTRACT OWNER ADMINISTRATIVE SERVICES AGREEMENT
Exhibit 99.B(m)(4)(c)
SECOND AMENDMENT TO
THE VICTORY VARIABLE INSURANCE FUNDS CONTRACT OWNER ADMINISTRATIVE SERVICES AGREEMENT
This Amendment (“Amendment”) dated as of May 1, 2018, is by and among Victory Variable Insurance Funds (the “Trust”), on behalf of its series of portfolios (each a “Fund”) listed on Schedule B, as amended from time to time, and Nationwide Financial Services, Inc. (“NFS”). This Amendment amends The Victory Variable Insurance Funds Contract Owner Administrative Services Agreement (the “Agreement”) dated June 30, 1999, as amended.
WHEREAS, the Trust and NFS desire to amend the Agreement.
NOW, THEREFORE, the Trust and NFS agree to the following:
1. All references to “The Victory Variable Insurance Funds” are deleted and replaced with references to “Victory Variable Insurance Funds”.
2. Schedule A to the Agreement is deleted in its entirety and replaced with the attached Schedule A.
3. Schedule B to the Agreement is deleted in its entirety and replaced with the attached Schedule B.
4. Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.
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NATIONWIDE FINANCIAL SERVICES, INC. |
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/s/ Xxxxxx X. Xxxxxx |
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By: |
Xxxxxx X. Xxxxxx |
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Title: |
VP IMG External Funds Management Ops |
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on behalf of each Fund listed on Schedule B, individually |
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and not jointly |
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/s/ Xxxxxxxxxxx Xxxx |
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By: |
Xxxxxxxxxxx Xxxx |
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Title: |
President |
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SCHEDULE A
TO ADMINISTRATIVE SERVICES AGREEMENT
Services Provided by NFS
Pursuant to the Agreement, NFS shall perform and incur expenses for all Administrative Services with respect to the Variable Contracts and the Contract Owners, including but not limited to, the following:
1. Maintaining separate records for each contract owner, which shall reflect the Fund shares purchased and redeemed and Fund share balances of such Contract Owners. NFS will maintain a single master account with each Fund on behalf of Contract Owners and such account shall be in the name of NFS (or its designee) as record owner of shares owned by Contract Owners.
2. Disbursing or crediting to Contract Owners all proceeds of redemptions of shares of the Funds and all dividends and other distributions not reinvested in shares of the Funds.
3. Preparing and transmitting to Contract Owners, as required by law, periodic statements showing the total number of shares owned by Contract Owners as of the statement closing date, purchases and redemptions of Fund shares by the Contract Owners during the period covered by the statement and the dividends and other distributions paid during the statement period (whether paid in cash or reinvested in Fund shares), and such other information as may be required, from time to time, by Contract Owners.
4. Supporting and responding to service inquiries from Contract Owners.
5. Maintaining and preserving all records required by law to be maintained and preserved in connection with providing the Services for Contract Owners.
6. Generating written confirmations and quarterly statements to Contract Owners.
7. Distributing to Contract Owners, to the extent required by applicable law, Funds’ prospectuses, proxy materials, periodic fund reports to Contract Owners and other materials that the Funds are required by law or otherwise to provide to their Contract Owners.
8. Transmitting purchase and redemption orders to the Trust or its designee on behalf of the Contract Owners.
SCHEDULE B
TO ADMINISTRATIVE SERVICES AGREEMENT
The Trust agrees to pay the following quarterly amounts calculated as a percentage of the average daily net assets of the relevant Fund and Class held in the Accounts.
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FUND NAME |
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CUSIP |
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ADMINISTRATIVE |
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Victory High Yield VIP Series I |
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00000X000 |
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10 bps |
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Victory INCORE Invmt Qual Bd VIP Ser I |
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00000X000 |
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10 bps |
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Victory INCORE Low Duration Bd VIP Ser I |
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00000X000 |
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10 bps |
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Victory RS International VIP Series I |
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00000X000 |
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10 bps |
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Victory RS Large Cap Alpha VIP Series I |
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00000X000 |
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10 bps |
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Victory RS Small Cap Growth Eq VIP Ser I |
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00000X000 |
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10 bps |
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Victory S&P 500 Index VIP Series I |
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00000X000 |
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10 bps |
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Victory Xxxxxx Xx Mkts VIP Series I |
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00000X000 |
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10 bps |
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Victory VIF Diversified Stk A |
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00000X000 |
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20 bps |
