AMENDMENT NO. 7 TO INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT NO. 7
TO
INVESTMENT SUB-ADVISORY AGREEMENT
This AMENDMENT NO. 7 TO INVESTMENT SUB-ADVISORY AGREEMENT is dated as of September 28, 2020, by and between THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, a Texas Corporation (the “VALIC”), and WELLINGTON MANAGEMENT COMPANY LLP (the “Sub-Adviser”).
RECITALS
WHEREAS, VALIC and VALIC Company I (“VC I”) entered into an Investment Advisory Agreement dated January 1, 2002, with respect to the Covered Funds reflected in Schedule A; and
WHEREAS, VALIC and the Sub-Adviser are parties to that certain Investment Sub-Advisory Agreement dated August 29, 2001 (the “Agreement”), as amended on January 1, 2002, April 23, 2003, January 29, 2007, October 31, 2007, March 14, 2011, and September 30, 2019, with respect to the Covered Funds; and
WHEREAS, pursuant to Section 5 of the Agreement which provides for an initial term of two years from the date of this Amendment, with respect to the Inflation Protected Fund; and
NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and the Sub- Adviser agree as follows:
1. | Section 9. Notices is hereby amended as follows: |
All notices hereunder shall be given in writing (and shall be deemed to have been duly given upon receipt) by delivery in person, by facsimile, by registered or certified mail or by overnight delivery (postage prepaid, return receipt requested) to VALIC and to Sub-Adviser at the address of each set forth below:
If to VALIC:
The Variable Annuity Life Insurance Company
0000 Xxxxx Xxxxxxx
Xxxxxxx, Xxxxx 00000
Attn: Xxxxxx X. Xxxx, Vice President – Investments
xxx.xxxx@xxx.xxx
With a copy to:
SunAmerica Asset Management, LLC
Harborside 5
000 Xxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx Xxxx, XX 00000
Attn: General Counsel
If to Sub-Adviser:
Wellington Management Company LLP
000 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attn: Legal and Compliance
Fax No.: 000-000-0000
2. | Schedule A Amendment. Schedule A to the Agreement is hereby amended to reflect that the Sub-Adviser will manage the assets of the Inflation Protected Fund and shall be compensated on those assets managed, in accordance with Section 2 of the Agreement, at the fee rate reflected in Schedule A attached hereto. |
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3. | Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. |
4. | Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unchanged and shall continue to be in full force and effect. |
5. | Miscellaneous. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Agreement. |
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 7 as of the date first above written.
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY | WELLINGTON MANAGEMENT COMPANY LLP | |||||||
By: | /s/ XXXXX X. XXXXXXX |
By: | /s/ XXXXX XXXXXX | |||||
Name | Xxxxx X. Xxxxxxx |
Name: | XXXXX XXXXXX | |||||
Title: | Authorized Signatory |
Title: | Associate Director, Americas Institutional |
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SCHEDULE A
Effective September 28, 2020
SUBADVISER shall manage all or a portion of the assets of the following Covered Fund(s) and shall be compensated on that portion managed, as follows:
Covered Funds |
Fee | |||
Inflation Protected Fund | 0.15% on the first $250 million | |||
0.10% on the next $250 million | ||||
0.09% on the excess over $500 million | ||||
Science & Technology Fund | 0.55% of the First $100 million | |||
0.50% of the next $300 million | ||||
0.45% on the excess over $400 million | ||||
Value Fund | 0.40% on the first $250 million | |||
0.35% on the next $250 million | ||||
0.30% on the excess over $500 million | ||||
Systematic Value Fund | 0.12% on the first $100 million | |||
0.10% on the excess over $100 million |
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