FOURTH AMENDMENT TO THE SUB-ADVISORY AGREEMENT
FOURTH AMENDMENT TO THE
SUB-ADVISORY AGREEMENT
This FOURTH AMENDMENT TO THE SUB-ADVISORY AGREEMENT, dated and effective as of July 1, 2017 is by and between LINCOLN INVESTMENT ADVISORS CORPORATION, a Tennessee corporation (the “Adviser”), and X.X. XXXXXX INVESTMENT MANAGEMENT INC., a Delaware corporation (the “Sub-Adviser”).
W I T N E S S E T H:
WHEREAS, Lincoln Variable Insurance Products Trust, (the “Trust”), a Delaware statutory trust, on behalf of its series, the LVIP JPMorgan Retirement Income Fund (the “Fund”) has entered into an Investment Management Agreement with the Adviser dated April 30, 2007 pursuant to which the Adviser has agreed to provide investment management services to the Fund, and pursuant to which the Adviser may delegate one or more of its duties to a subadviser pursuant to a written subadvisory agreement;
WHEREAS, the Adviser and the Sub-Adviser are parties to a Sub-Advisory Agreement dated September 21, 2012, as amended from time to time, (the “Sub-Advisory Agreement”), pursuant to which the Sub-Adviser furnishes investment advisory services to the Fund;
WHEREAS, the Adviser has agreed with the Sub-Adviser to amend the Sub-Advisory Agreement to provide for a sub-advisory fee rate of 0.28%, minus all underlying X.X. Xxxxxx acquired fund fees and expenses (‘AFFE”);
WHEREAS, the Board of Trustees of the Trust has approved this Fourth Amendment to the Sub-Advisory Agreement and it is not required to be approved by the shareholders of the Fund.
NOW, THEREFORE, it is hereby agreed between the parties hereto as follows:
| 1. | Schedule A. Schedule A shall be deleted and replaced with the attached amended Schedule A effective as of the date hereof, to reflect the fee rate. |
| 2. | Counterparts. This Fourth 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 Subadvisory 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 Subadvisory Agreement. |
IN WITNESS WHEREOF, the parties have caused their respective duly authorized officers to execute this Agreement as of the date first above written.
| LINCOLN INVESTMENT ADVISORS CORPORATION | ||||||
| By: /s/ Xxxxxx X. Xxxxxxxxxx | ||||||
| Name: Xxxxxx X. Xxxxxxxxxx | ||||||
| Title: President | ||||||
| X.X. XXXXXX INVESTMENT MANAGEMENT INC. | ||||||
| By: /s/ Xxxxxxx Xxxxxxx | ||||||
| Name: Xxxxxxx Xxxxxxx | ||||||
| Title: Vice President | ||||||
SCHEDULE A
INVESTMENT SUBADVISORY FEES
[REDACTED]
