Xxxxxxx x.00
XXXXXXXXX XX. 0
TO
INVESTMENT SUB-ADVISORY AGREEMENT
THIS AMENDMENT NO. 1 TO INVESTMENT SUB-ADVISORY AGREEMENT (the "Amendment")
is effective as of June 20, 2005 by and among THE VARIABLE ANNUITY LIFE
INSURANCE COMPANY ("VALIC") and A I M Capital Management, Inc. (the
"Sub-Adviser").
RECITALS
WHEREAS, VALIC and VALIC Company I ("VC I") (formerly North American
Funds Variable Product Series 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 December 20, 2004 (the
"Agreement"), with respect to the VC I Covered Funds with the Sub-Adviser;
and
WHEREAS, the parties wish to amend Schedule A to the Agreement to
reflect the addition as a Covered Fund of the International Growth I Fund;
and
NOW, THEREFORE, in consideration of the mutual promises set forth
herein, VALIC and the Sub-Adviser agree as follows:
1. Schedule A Amendment. Schedule A to the Agreement is hereby
amended to reflect the addition of the new Covered Fund set forth
below. The revised Schedule A is also attached hereto.
Covered Fund Fee
------------ ---
International Growth I Fund 0.525% on the first $250million
0.50% on the next $250million
0.475% over $500 million
Sub-Adviser shall manage a portion of the assets of the
International Growth I Fund and shall be compensated on that
portion as noted above.
2. 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.
3. 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.
4. 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. 1 as
of the date first above written.
THE VARIABLE ANNUITY LIFE
INSURANCE COMPANY A I M CAPITAL MANAGEMENT, INC.
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxxx X. Xxxx, Xx.
--------------------------------- ------------------------------------
Name: Xxxxxx X. Xxxxxx Name: Xxxxxxxx X. Xxxx, Xx.
Title: Senior Vice President Title: Managing Director
SCHEDULE A
Effective June 20, 2005
Annual Fee computed at the following annual rate, based on average daily net
asset value for each month on that portion of the assets managed by Sub-Adviser,
and payable monthly:
Covered Fund Fee
------------ ---
International Growth I Fund 0.525% on the first $250million
0.50% on the next $250million
0.475% over $500 million
Large Capital Growth Fund 0.425% on first $250 million
0.375% on next $250 million
0.325% over $500 million
