AMENDMENT NO. 2 TO INVESTMENT MANAGEMENT SERVICES AGREEMENT
AMENDMENT NO. 2 TO
INVESTMENT MANAGEMENT SERVICES AGREEMENT
THIS AMENDMENT NO. 2 TO INVESTMENT MANAGEMENT SERVICES AGREEMENT, dated as of January 23, 2013 (this “Amendment”), by and among Columbia Management Investment Advisers, LLC (the “Investment Manager”), a Minnesota limited liability company, and Columbia Funds Variable Insurance Trust I (the “Registrant”), a Delaware statutory trust, on behalf of its underlying series listed in Schedule A to the Investment Management 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 have agreed to reduce the fee rates payable under the Agreement for Columbia Variable Portfolio - Xxxxxxx 21st Century Fund, Columbia Variable Portfolio - Xxxxxxx Focused Equities Fund, Columbia Variable Portfolio - Xxxxxxx Growth Fund and Columbia Variable Portfolio - Xxxxxxx International Opportunities Fund; and
WHEREAS, the parties wish to modify Schedule A to reflect the new fee rates, which modifications have previously been approved by the Registrant’s Board of Trustees;
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 A. Effective as of the date hereof, Schedule A to the Agreement shall be replaced with Schedule A 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 Registrant, 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 VARIABLE INSURANCE TRUST I | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Chief Financial Officer | |
| COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC | ||
| By: | /s/ J. Xxxxx Xxxxxxxxxxx | |
| Name: | J. Xxxxx Xxxxxxxxxxx | |
| Title: | Managing Director | |
Schedule A
| Fund |
Assets (in Millions) |
Fee Rate(1) |
Effective Date of Fee Rate | |||||
| Columbia Variable Portfolio - High Income Fund |
All assets | 0.55 | % | May 1, 2010 | ||||
| Columbia Variable Portfolio - Xxxxxxx 21st Century Fund |
$0 - $500 | 0.710 | % | January 23, 2013 | ||||
| >$500 - $1,000 | 0.665 | % | ||||||
| >$1,000 - $1,500 | 0.620 | % | ||||||
| >$1,500 - $3,000 | 0.570 | % | ||||||
| >$3,000 - $6,000 | 0.560 | % | ||||||
| >$6,000 | 0.540 | % | ||||||
| Columbia Variable Portfolio - Xxxxxxx Focused Equities Fund |
$0 - $500 | 0.710 | % | January 23, 2013 | ||||
| >$500 - $1,000 | 0.665 | % | ||||||
| >$1,000 - $1,500 | 0.620 | % | ||||||
| >$1,500 - $3,000 | 0.570 | % | ||||||
| >$3,000 - $6,000 | 0.560 | % | ||||||
| >$6,000 | 0.540 | % | ||||||
| Columbia Variable Portfolio - Xxxxxxx Growth Fund |
$0 - $500 | 0.710 | % | January 23, 2013 | ||||
| >$500 - $1,000 | 0.665 | % | ||||||
| >$1,000 - $1,500 | 0.620 | % | ||||||
| >$1,500 - $3,000 | 0.570 | % | ||||||
| >$3,000 - $6,000 | 0.560 | % | ||||||
| >$6,000 | 0.540 | % | ||||||
| Columbia Variable Portfolio - Xxxxxxx International Opportunities Fund |
$0 - $500 | 0.790 | % | January 23, 2013 | ||||
| >$500 - $1,000 | 0.745 | % | ||||||
| >$1,000 - $1,500 | 0.700 | % | ||||||
| >$1,500 - $3,000 | 0.650 | % | ||||||
| >$3,000 - $6,000 | 0.640 | % | ||||||
| >$6,000 | 0.620 | % | ||||||
| Columbia Variable Portfolio - Mid Cap Growth Fund |
$0 - $500 | 0.760 | % | March 1, 2011 | ||||
| >$500 - $1,000 | 0.715 | % | ||||||
| >$1,000 - $1,500 | 0.670 | % | ||||||
| >$1,500 | 0.620 | % | ||||||
| (1) | Annual rates based on a percentage of the Fund’s average daily net assets. |
