AMENDMENT NO. 2 TO ADMINISTRATIVE SERVICES AGREEMENT

AMENDMENT NO. 2 TO

ADMINISTRATIVE SERVICES AGREEMENT

THIS AMENDMENT NO. 2 TO ADMINISTRATIVE SERVICES AGREEMENT, dated as of March 14, 2012 (this “Amendment”), by and among Columbia Management Investment Advisers, LLC (the “Investment Manager”), a Minnesota limited liability company, and Columbia Funds Series Trust I and Columbia Funds Variable Insurance Trust (the “Registrants”), each a Massachusetts business trust, on behalf of their respective underlying series listed in Schedule A to the Administrative Services Agreement, dated as of May 1, 2010, as amended from time to time (the “Agreement”). Capitalized terms used herein but not defined herein shall have the meanings given to such terms in the Agreement.

WHEREAS, the parties wish to modify Schedule B to add new series of the Registrants and to restate the fee rates currently in effect;

NOW, THEREFORE, in consideration of the promises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:

SECTION 1. AMENDMENT

 

  1.1 Schedule B. Effective as of the date hereof, Schedule B to the Agreement shall be replaced with Schedule B hereto.

SECTION 2. MISCELLANEOUS.

 

  2.1. Execution in Counterparts. This Amendment may be executed by the parties hereto in multiple counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same agreement.

 

  2.2. Governing Law. This Amendment shall be governed by the internal laws, and not by the laws regarding conflicts of laws, of the Commonwealth of Massachusetts. Each party hereby submits to the exclusive jurisdiction of the courts of such state, and waives any objection to venue with respect to actions brought in such courts.

 

  2.3. Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

 

  2.4. Notice. This Amendment is executed by an officer of the Registrants, as an officer and not individually, and the obligations of this Amendment with respect to the Funds shall be binding upon the assets and properties of the Funds only and shall not be binding upon any of the trustees, officers, employees, agents or shareholders of the Funds individually.

(Signature Page Follows)

IN WITNESS THEREOF, the parties hereto have executed the foregoing Agreement as of the day and year first above written.

COLUMBIA FUNDS SERIES TRUST I
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
By:  

/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇

Name:   ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title:   Chief Financial Officer
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
By:  

/s/ J. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇

Name:   J. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Title:   Managing Director

Schedule B

Fee Schedule

Effective as of March 14, 2012

Group I

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $500     >$500 - $1,000     >$1,000 - $3,000     >$3,000 - $12,000     >$12,000  

Active Portfolio Multi Manager Alternative Strategies Fund(2)

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Active Portfolio Multi-Manager Core Plus Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Active Portfolio Multi Manager Small Cap Equity Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Active Portfolio – Select Large Cap Growth Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Balanced Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Contrarian Core Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Corporate Income Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Dividend Income Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia High Yield Municipal Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia High Yield Opportunity Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Intermediate Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Intermediate Municipal Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia International Bond Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Large Cap Growth Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Mid Cap Growth Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Select Large Cap Growth Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Select Small Cap Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Small Cap Core Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Small Cap Growth Fund I

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $500     >$500 - $1,000     >$1,000 - $3,000     >$3,000 - $12,000     >$12,000  

Columbia Small Cap Value Fund I

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Strategic Income Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Strategic Investor Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Tax-Exempt Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Variable Portfolio – Contrarian Core Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Variable Portfolio – Select Large Cap Growth Fund

      0.060 %      0.055 %      0.050 %      0.040 %      0.030 % 

Columbia Variable Portfolio – Small Cap Value Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Variable Portfolio – Small Company Growth Fund

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Columbia Variable Portfolio – Strategic Income Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Variable Portfolio – AQR Managed Futures Strategy Fund(2)

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Variable Portfolio – ▇▇▇▇▇ ▇▇▇▇▇ Global Macro Advantage Fund(2)

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Variable Portfolio – ▇▇▇▇▇▇▇▇▇▇▇ Commodity Strategy Fund(2)

      0.080 %      0.075 %      0.070 %      0.060 %      0.050 % 

Group II

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $250     >$250 - $1,000     >$1,000 - $3,000     >$3,000 - $12,000     >$12,000  

Columbia California Tax-Exempt Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Connecticut Intermediate Municipal Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Connecticut Tax-Exempt Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Massachusetts Intermediate Municipal Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Massachusetts Tax-Exempt Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $250     >$250 - $1,000     >$1,000 - $3,000     >$3,000 - $12,000     >$12,000  

Columbia New York Intermediate Municipal Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia New York Tax-Exempt Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Columbia Oregon Intermediate Municipal Bond Fund

      0.070 %      0.065 %      0.060 %      0.050 %      0.040 % 

Group III

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $500     >$500 - $1,000     >$1,000 - $3,000     >$3,000  

Columbia Real Estate Equity Fund

      0.060 %      0.055 %      0.050 %      0.040 % 

Group IV

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE  FEES(1)  

FUNDS

    $0 - $1,000     >$1,000 - $3,000     >$3,000  

Columbia Energy and Natural Resources Fund

      0.060 %      0.050 %      0.040 % 

Columbia Pacific/Asia Fund

      0.08 %      0.07 %      0.60 % 

Group V

 

      ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $8,000     >$8,000 - $10,000     >$10,000 - $12,000     >$12,000  

Columbia Value and Restructuring Fund

      0.060 %      0.055 %      0.040 %      0.030 % 

Group VI

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $750     >$750 - $1,000     >$1,000 - $3,000     >$3,000  

Columbia Emerging Markets Fund

      0.080 %      0.075 %      0.070 %      0.060 % 

Group VII

 

     ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1)  

FUNDS

    $0 - $1,000     >$1,000 - $1,500     >$1,500 - $3,000     >$3,000 - $6,000     >$6,000  

Columbia Greater China Fund

      0.080 %      0.070 %      0.060 %      0.050 %      0.040 % 

Group VIII

 

FUNDS

    All  ASSETS(1)  

CMG Ultra Short Term Bond Fund

      N/A   

Columbia Technology Fund

      N/A   

Columbia U.S. Treasury Index Fund(3)

      0.300 % 

Columbia Variable Portfolio – Asset Allocation Fund

      0.020 % 

Columbia Variable Portfolio – Money Market Fund

      0.150 % 

 

(1) Annual rates based on a percentage of the Fund’s average daily net assets.
(2) When calculating asset levels for purposes of determining fee breakpoints, asset levels are based on aggregate net assets of the Fund, including assets invested in any wholly-owned subsidiary advised by the Administrator (“Subsidiaries”). Fees payable by the Fund under this agreement shall be reduced by any administrative fees paid to the Administrator by any Subsidiaries under separate administrative services agreements with the Subsidiaries.
(3) The Administrator pays all operating expenses of the Fund with the exception of brokerage fees and expenses, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of the Administrator or its affiliates, and any extraordinary non-recurring expenses that may arise, including, but not limited to, litigation expenses.

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Filed: March 14th, 2012