AMENDMENT NO. 2 TO INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT NO. 2
TO
INVESTMENT SUB-ADVISORY AGREEMENT
THIS AMENDMENT NO. 2 TO INVESTMENT SUB-ADVISORY AGREEMENT (the “Amendment”) is dated as of January 29, 2020, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”), a Texas Corporation, and Franklin Advisers, Inc. (the “Sub-Adviser”).
1. | Schedule A Amendment. Schedule A to the Sub-Advisory Agreement is hereby amended to reflect the revised subadvisory fee schedule of the Global Strategy Fund. |
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 Sub-Advisory 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 Sub-Advisory Agreement. |
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 2 as of the date first above
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
FRANKLIN ADVISERS, INC. | |||||
By: |
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BY: |
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Name : |
Xxxxxx X. Xxxx |
Name: |
Xxxxxx X. Xxxxx | |||
Title: |
Vice President, Investments |
Title: |
President, Franklin Advisers, Inc. |
SCHEDULE A
COVERED FUND(S)
Effective January 29, 2020
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 | |
Global Strategy Fund |
0.28% on assets up to $500 million 0.24% on assets over $500 million |