EXHIBIT (h)(2)(i)
AMENDMENT TO
SUB-ADMINISTRATION AGREEMENT
This Amendment (the "Amendment") dated as of November 29, 2006 amends the
Sub-Administration Agreement dated as of May 1, 2005 between BISYS Fund Services
Ohio, Inc. ("BISYS"), an Ohio corporation, and BB&T Asset Management, Inc.
("BB&T"), an investment adviser registered with the Securities and Exchange
Commission, (as such agreement has been amended to date, the "Sub-Admin
Agreement").
WHEREAS, pursuant to the Sub-Admin Agreement, BISYS performs certain
services for BB&T and the investment portfolios of BB&T Variable Insurance
Funds; and
WHEREAS, the parties wish to extend and amend the term of the Sub-Admin
Agreement.
NOW THEREFORE, BISYS and BB&T, in exchange for good and valuable
consideration, the receipt and sufficiency of which is acknowledged by the
parties, agree as follows:
1. Extension of Initial Term; Automatic Termination.
Section 6 of the Sub-Admin Agreement is hereby amended to extend the
end of the Initial Term to April 30, 2007 and to provide that at the end of the
Initial Term, the Sub-Admin Agreement automatically terminates.
2. Miscellaneous.
(a) Capitalized terms used but not defined in this Amendment have the
respective meanings ascribed to them in the Sub-Admin Agreement.
(b) This Amendment supersedes all prior negotiations, understandings
and agreements with respect to the subject matter covered in this Amendment,
whether written or oral.
(c) Except as expressly set forth in this Amendment, the Sub-Admin
Agreement remain unchanged and in full force and effect.
(d) This Amendment may be executed in counterparts, each of which
shall be an original but all of which, taken together, shall constitute one and
the same agreement.
(e) Paragraph headings in this Amendment are included for convenience
only and are not to be used to construe or interpret this Amendment.
* * * * *
IN WITNESS WHEREOF, a duly authorized officer of each party has signed this
Amendment as of the date set forth above.
By: /s/ Xxxx Xxxxxxx
---------------------------------
Name: Xxxx Xxxxxxx
Title: President
BB&T Variable Insurance Funds
By: /s/ Xxxxx X. Xxxxxxxxx
---------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: President
