EXHIBIT 28(D)(6)(B)
AMENDMENT TO
SUB-ADVISORY AGREEMENT
THIS AMENDMENT TO SUB-ADVISORY, dated as of September 15, 2010 (the
"Amendment"), is between Lincoln Investment Advisors Corporation, a Tennessee
corporation ("LIAC") and Columbia Management Investment Advisers, LLC, a
Minnesota limited liability company ("Columbia").
RECITALS
1. LIAC currently serves as investment adviser to the Lincoln Variable
Insurance Products Trust (the "Trust");
2. LIAC has contracted with Columbia to serve as sub-adviser to the LVIP
Columbia Value Opportunities Fund (the "Fund"), a series of he Trust,
pursuant to a Sub-Advisory Agreement dated May 1, 2010 (the "Agreement");
3. Columbia and LIAC have agreed to reduce the sub-advisory fee on the Fund
and desire to amend the fee schedule ("Schedule A") to the Agreement.
REPRESENTATIONS
1. Columbia represents that it will not reduce the quality or quantity of
its services to the Fund under the Agreement as a result of the reduced fee
schedule contained in this Amendment; however, Columbia makes no
representation or warranty, express or implied, that any level of
performance or investment results will be achieved by the Fund or that the
Fund will perform comparably with any standard or index, including other
clients of Columbia.
2. LIAC represents and warrants that: (i) it will not reduce the quality or
quantity of its services to the Fund under the Agreement as a result of the
reduced fee schedule contained in this Amendment; and (ii) approval of this
revised fee schedule has been obtained from the Trust's Board of Trustees at
an in-person meeting held September 13, 2010.
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 hereof.
2. The Representations made herein are incorporated and made a part hereof.
3. Schedule A shall be deleted and replaced with the attached amended
Schedule A effective September 15, 2010, to reflect a reduction in the
sub-advisory fee for the Fund paid by LIAC to Columbia.
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 COLUMBIA MANAGEMENT
CORPORATION INVESTMENT ADVISERS, LLC
By: /s/ Xxxxxxx X. Xxxxx, Xx. By: /s/ Xxxx Xxx Xxxxx
Name: Xxxxxxx X. Xxxxx, Xx. Name: Xxxx Xxx Xxxxx
Title: Second Vice President Title: Senior Vice President
ACCEPTED AND AGREED TO AS OF THE
DAY AND YEAR FIRST ABOVE WRITTEN:
LVIP COLUMBIA VALUE OPPORTUNITIES
FUND, A SERIES OF LINCOLN
VARIABLE INSURANCE PRODUCTS TRUST
By: /s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
Title: Second Vice President
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SCHEDULE A
SUBADVISORY FEES
ANNUAL FEE AS A
PERCENTAGE OF AVERAGE
NAME OF FUND DAILY NET ASSETS
------------------------ ------------------------
LVIP Columbia Value 0.66% of the first $60
Opportunities Fund million
0.50% of the next $90
million
0.40% over $150 million
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