EXHIBIT 28(H)(5)(B)
AMENDMENT TO
CONSULTING AGREEMENT
THIS AMENDMENT TO THE CONSULTING AGREEMENT, dated as of April 29, 2011 (the
"Amendment"), is between Lincoln Investment Advisors Corporation (the
"Adviser"), a Tennessee corporation and Xxxxxxxx, Inc. ("Milliman"), a
Washington corporation.
WHEREAS, the Adviser has contracted with Milliman to provide consulting
services regarding certain funds within the Lincoln Variable Insurance Products
Trust pursuant to a Consulting Agreement, entered into May 27, 2011 (the
"Consulting Agreement");
WHEREAS, the Adviser desires to retain Milliman to provide consulting
services regarding certain series of Lincoln Advisors Trust;
WHEREAS, Milliman is willing to serve in such capacity; and
WHEREAS, the parties have agreed to amend the Consulting Agreement and its
Schedule A to reflect that Milliman will also be providing consulting services
for certain funds within Lincoln Advisors Trust.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:
1. The second whereas clause of the Consulting Agreement is deleted and
replaced with the following:
"WHEREAS, the Adviser is the investment Adviser to Lincoln Variable
Insurance Products Trust and Lincoln Advisors Trust (collectively, the
"Trusts");"
2. The defined term, "Trust," is replaced with "Trusts" and existing
singular references in the Consulting Agreement to the "Trust" are hereby
replaced with the plural form of "Trusts."
3. Schedule A shall be deleted and replaced with the attached Schedule A to
reflect the funds within the Lincoln Advisors Trust that will be subject to
the Consulting Agreement.
4. All other terms and provisions of the Consulting Agreement not amended
herein shall remain in full force and effect.
5. This Amendment may be executed in two or more counterparts, which
together shall constitute one instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers as of the day and year first written
above.
LINCOLN INVESTMENT ADVISORS XXXXXXXX, INC.
CORPORATION
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxx Xxxxx
-------------------------------- -------------------------------------
Name: Xxxxx X. Xxxxxxx Name: Xxxx Xxxxx
Title: Vice President Title: Principal & Consulting Actuary
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SCHEDULE A
FUNDS SUBJECT TO THE CONSULTING AGREEMENT
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
FUNDS EFFECTIVE DATE
----------------------------------------- ------------------------------------
LVIP Protected Profile 2010 Fund May 27, 2011
LVIP Protected Profile 2020 Fund May 27, 2011
LVIP Protected Profile 2030 Fund May 27, 2011
LVIP Protected Profile 2040 Fund May 27, 2011
LVIP Protected Profile 2050 Fund May 27, 2011
LVIP Protected Profile Conservative Fund To be determined by the mutual
agreement of the parties.
LVIP Protected Profile Moderate Fund To be determined by the mutual
agreement of the parties.
LVIP Protected Profile Growth Fund To be determined by the mutual
agreement of the parties.
LINCOLN ADVISORS TRUST
FUNDS EFFECTIVE DATE
----------------------------------------- ------------------------------------
Presidential Protected Profile 2010 Fund To be determined by the mutual
agreement of the parties.
Presidential Protected Profile 2020 Fund To be determined by the mutual
agreement of the parties.
Presidential Protected Profile 2030 Fund To be determined by the mutual
agreement of the parties.
Presidential Protected Profile 2040 Fund To be determined by the mutual
agreement of the parties.
Presidential Protected Profile 2050 Fund To be determined by the mutual
agreement of the parties.
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