May 1, 2010
EXHIBIT (x)(i)
May 1, 2010
Annuity Investors Life Insurance Company
000 Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000
000 Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Dear Sir and Madam;
Deutsche Investment Management Americas Inc. (“Adviser”) and Annuity Investors Life Insurance
Company (“you” and “Company”) are parties to a letter agreement dated May 1, 2008 (“Services
Agreement”) concerning certain administrative services provided by you on a sub-administration
basis, with respect to various series or portfolios of DWS Variable Series I, DWS Variable Series
II and/or DWS Investments VIT Funds (collectively, the “Fund”) used as underlying investments for
certain variable insurance products (hereinafter called “Variable Insurance Products”) issued by
the Company.
The Adviser and the Company now desire to modify the Services Agreement. In furtherance of this
purpose, the parties hereby agree as follows:
(a) | The Services Agreement shall apply to the Variable Insurance Products identified in the Amended and Restated Participation Agreement between the parties dated May 1, 2008, as subsequently amended. The current prospectus for each Variable Insurance Product shall identify those series and portfolios that are available through that Variable Insurance Product. | ||
(b) | Schedule B of the Services Agreement is deleted and replaced with the attached Schedule B. |
If this letter amendment is acceptable to the Company, please sign and date below and return a
signed copy to the Adviser.
Very truly yours, | ||||||
Deutsche Investment Management Americas Inc. | ||||||
By: | /s/ X. Xxxxxxx | |||||
Name: | ||||||
Title: | ||||||
By: | /s/ Xxxx X. Xxxxxx | |||||
Name: | ||||||
Title: | ||||||
Acknowledged and agreed to as of the 1st day of May, 2010. | ||||||
Annuity Investors Life Insurance Company | ||||||
By: | /s/ Xxxx X. Xxxxxx
|
|||||
Name: Xxxx X. Xxxxxx | ||||||
Title: Senior Vice President & Chief Compliance Officer |
Attachment: Schedule B
SCHEDULE B
The Adviser agrees to pay the Company, quarterly, an amount based on the following annual
rate(s) for the Portfolio(s) indicated and applied to the average daily net asset balance of
Portfolio shares held in the Company’s Accounts pursuant to the Participation Agreement.
FUND & PORTFOLIO (SHARE CLASS) | ANNUAL RATE | |
DWS Variable Series II |
||
DWS Global Thematic VIP (Class A) |
0.25 of 1% (25 basis points) | |
DWS Dreman Small Mid Cap Value VIP
(Class B) |
0.10 of 1% (10 basis points) | |
DWS Investments VIT Funds |
||
DWS Equity 500 Index VIP (Class A) |
0.13 of 1% (13 basis points) | |
DWS VIT Small Cap Index VIP (Class A) |
0.15 of 1% (15 basis points) |
For the month and year in which this letter agreement becomes effective or the expense payment
terminates, there shall be an appropriate proration on the basis of the number of days that the
expense payment is in effect during the quarter.