AMENDMENT NO. 4 TO INVESTMENT SUB-ADVISORY AGREEMENT
EXHIBIT D(6)(E)
AMENDMENT NO. 4
TO
INVESTMENT SUB-ADVISORY AGREEMENT
THIS AMENDMENT NO. 4 TO INVESTMENT SUB-ADVISORY AGREEMENT (the “Amendment”) is dated as of August 10, 2009, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”), a Texas Corporation, and SunAmerica Asset Management Corp. (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 January 1, 2002 with respect to the Covered Funds; and
WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the addition of the Government Securities Fund as a Covered Fund; and
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 to the Agreement is hereby amended to reflect the addition of the Covered Fund set forth below. The revised Schedule A is also attached hereto. |
Covered Fund |
Fee | |
Government Securities Fund |
0.25% on the first $200 million | |
0.20% on the next $300 million | ||
0.15% on assets over $500 million |
Sub-Adviser shall manage the Government Securities Fund and shall be compensated as noted above. |
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 No. 4 as of the date first above written.
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
SUNAMERICA ASSET MANAGEMENT CORP. | |||||||
By: /s/ XXXX X. XXXXXXXX |
By: /s/ XXXXX X. XXXXXXX | |||||||
Name: Xxxx X. Xxxxxxxx |
Name: Xxxxx X. Xxxxxxx | |||||||
Title: Senior Vice President |
Title: President & CEO |
SCHEDULE A
Effective August 10, 2009
Annual Fee computed at the following annual rate, based on average daily net asset value for each month on that portion of the assets managed by Sub-Adviser, and payable monthly:
Covered Fund |
Fee | |
Government Securities Fund |
0.25% on the first $200 million 0.20% on the nest $300 million 0.15% over $500 million | |
Growth & Income Fund |
0.25% | |
Large Capital Growth Fund |
0.425% on the first $250 million 0.375% on the next $250 million 0.325% over $500 million | |
Money Market Fund |
0.12% |