AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
Exhibit d(24)(b)
THIS AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT (the “Amendment”) is effective as of October 1,
2009, by and among The Variable Annuity Life Insurance Company (“VALIC”) and American Century
Global Investment Management Company, Inc. (the “Sub-Adviser”).
RECITALS
WHEREAS, VALIC and VALIC Company I (“VC I”) entered into an Investment Advisory
Agreement dated January 1, 2002, with respect to the Covered Funds reflected in Schedule A;
and
WHEREAS, VALIC and the Sub-Adviser are parties to that certain Investment Sub-Advisory
Agreement dated December 10, 2007 (the “Agreement), with respect to the VC I Covered Funds
with the Sub-Adviser as listed on Schedule A thereto; and
WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the amendment
of the advisory fee rate payable with respect to the Growth Fund.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and the
Sub-Adviser agree as follows:
1. | Schedule A Amendment. Schedule A is amended to reflect the revised advisory fee rate for the Growth Fund. The revised Schedule A is also attached hereto. | ||
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 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 Agreement. |
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above
written.
THE VARIABLE ANNUITY LIFE INSURANCE | AMERICAN CENTURY GLOBAL INVESTMENT | |||||||
COMPANY | MANAGEMENT, INC. | |||||||
By:
|
/s/ Xxxx X. Xxxxxxxx | By: | /S/ XXXX X. XXXXX | |||||
Name:
|
Xxxx X. Xxxxxxxx | Name: | Xxxx X. Xxxxx | |||||
Title:
|
Senior Vice President | Title: | Vice President |
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SCHEDULE A
(Effective October 1, 2009)
(Effective October 1, 2009)
SUB-ADVISER shall manage a portion of the assets of the following Covered Funds and shall be
compensated on that portion, as follows:
Covered Funds | Fee | |
Growth Fund* |
0.44% on the first $500 million; | |
0.40% on the next $500 million; | ||
0.36% on the next $500 million; and | ||
0.33% over $1.5 billion. | ||
International Growth I Fund |
.65% on the first $250 million | |
.55% on the next $250 million | ||
.50% over $500 million |
* | For the purposes of determining whether the Fund’s assets meet the breakpoint set forth herein, the portion of the Fund’s assets managed by the Subadviser and the Fund’s assets managed by American Century Investment Management, Inc. shall be aggregated. |
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