AMENDMENT AGREEMENT
AGREEMENT, effective as of March 17, 1999, by and between Touchstone
Variable Series Trust, a Massachusetts business trust (the "Fund") (formerly
known as Select Advisors Variable Insurance Trust) and Investors Bank & Trust
Company, a Massachusetts trust company ("Investors Bank").
WHEREAS the Fund and Investors Bank entered into an Administration
Agreement dated December 1, 1999 (the "Administration Agreement"); and
WHEREAS, the Fund and Investors Bank desire to amend the Administration
Agreement as set forth below.
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements herein set forth, the parties hereto agree as follows:
1. Amendment.
(a) The first sentence of the Administration Agreement is hereby amended
to read as follows:
THIS ADMINISTRATION AGREEMENT is made as of December 1, 1996
by and between TOUCHSTONE VARIABLE SERIES TRUST, a Massachusetts business trust
(the "Fund"), and INVESTORS BANK & TRUST COMPANY, a Massachusetts trust company
("Investors Bank").
(b) Section 11 of the Administration Agreement is hereby amended to read
in its entirety as follows:
7. Termination of Agreement.
(a) The initial term of this Agreement shall continue through
March 17, 2002 (the "Initial Term"), unless earlier terminated as provided
herein. After the expiration of the Initial Term, the term of this Agreement
shall automatically renew for successive three-year terms (each a "Renewal
Term") unless notice of non-renewal is delivered by the non-renewing party to
the other party no later than 90 days prior to the expiration of the Initial
Term or any Renewal Term, as the case may be.
(b) Either party hereto may terminate this Agreement prior to
the expiration of the Initial Term or any Renewal Term in the event the other
party violates any material provision of this Agreement, provided that the
non-violating party gives written notice of such violation to the violating
party and the violating party does not cure such violation within 30 days of
receipt of such notice.
(c) In the event notice of termination is given to Investors
Bank by the Fund under this section, such notice shall be accompanied by a
resolution of the Board of Trustees, certified by the Secretary, electing to
terminate this Agreement and designating a successor service company.
(d) At any time after the termination of this Agreement, the
Fund may, upon written request, have reasonable access to the records of
Investors Bank relating to its performance of its duties hereunder.
(c) Investors Bank shall perform the services for the Funds on behalf of
the portfolios listed on Xxxxxxxx 0 xxxxxx.
(x) Appendix 2 to the Administration Agreement shall be amended to read in
its entirety as set forth on Appendix 2 hereto.
2. Miscellaneous.
(a) Except as amended hereby, the Administration Agreement shall remain in
full force and effect.
(b) This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
IN WITNESS WHEREOF, each party hereto has caused this Agreement to be
executed by its duly authorized officer, as the case may be, as of the date and
year first above written.
INVESTORS BANK & TRUST COMPANY
By: ________________________________
Name: _____________________________
Title: ______________________________
TOUCHSTONE VARIABLE SERIES TRUST
By: ________________________________
Name: _____________________________
Title: ______________________________
Xxxxxxxx 0
Xxxxxxxxxx
Xxxxxxxxxx Emerging Growth Fund
Touchstone International Equity Fund
Touchstone Income Opportunity Fund
Touchstone Value Plus Fund
Touchstone Growth & Income Fund
Touchstone Balanced Fund
Touchstone Bond Fund
Touchstone Standby Income Fund
