THIRD AMENDMENT TO SUB-ADVISORY AGREEMENT
EX-(d)(4)(v)(ii)
THIRD AMENDMENT TO
SUB-ADVISORY AGREEMENT
THIS THIRD AMENDMENT TO THE SUB-ADVISORY AGREEMENT, made this 1st day of October, 2019 (the “Amendment”), is between Lincoln Investment Advisors Corporation, a Tennessee corporation (“LIAC”) and X.X. Xxxxxx Investment Management Inc. (“JPMorgan” or “Sub-Adviser”), a Delaware corporation.
Recitals
| 1. | LIAC currently serves as investment adviser to the Lincoln Variable Insurance Products Trust (the “Trust”); |
| 2. | JPMorgan currently sub-advises the LVIP JPMorgan High Yield Fund (the “Fund”) pursuant to a written sub-advisory agreement dated April 30, 2010, as amended March 29, 2017 and August 31, 2018 (the “Agreement”); |
| 3. | JPMorgan and LIAC desire to amend the fee schedule (“Schedule A”) to the Agreement with respect to the Fund. |
Representations
| 1. | LIAC represents and warrants that approval of this amendment was obtained from the Trust’s Board of Trustees at an in-person meeting held September 9, 2019. |
Amendment
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
| 1. | The Recitals are incorporated herein and made a part of the Agreement. |
| 2. | The Representations are incorporated and made a part of the Agreement. |
| 3. | Schedule A shall be deleted and replaced with the attached amended Schedule A effective as of the date hereof, to reflect the amended fee schedule of the Fund. |
| 4. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
| 5. | This Amendment may be executed in two or more counterparts which together shall constitute one instrument. |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers as of the day and year first above written.
| LINCOLN INVESTMENT ADVISORS CORPORATION | ||
| By: /s/ Xxxxxx X. Xxxxxxxxxx | ||
| Name: Xxxxxx X. Xxxxxxxxxx | ||
| Title: President | ||
| X.X. XXXXXX INVESTMENT MANAGEMENT INC. | ||
| By: /s/ Xxxxxxx Xxxxxxx | ||
| Name: Xxxxxxx Xxxxxxx | ||
| Title: Vice President | ||
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SCHEDULE A
Fee Schedule
The Adviser shall pay to the Sub-Adviser compensation for services rendered to the Fund at an annual rate as follows:
| Effective Date | Fund | Annual Fee as a Percentage of Average Daily Net Assets | ||
|
October 1, 2019 |
LVIP JPMorgan High Yield Fund | REDACTED | ||
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