AMENDMENT NO. 7 TO INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT NO. 7
TO
INVESTMENT SUB-ADVISORY AGREEMENT
THIS AMENDMENT NO. 7 TO INVESTMENT SUB-ADVISORY AGREEMENT (the “Amendment”) is dated as of December 19, 2012, 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 Covered Fund of the Dynamic Allocation Fund, with respect to the Fund-of-Funds Component.
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 that the Sub-Adviser will manage the assets of Fund-of-Funds Component the Dynamic Allocation Fund and shall be compensated on those assets managed, in accordance with Section 2 of the Agreement, at the fee rate reflected in Schedule A 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 No. 7 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 & Chief Executive Officer | |||
SCHEDULE A
COVERED FUND(S)
Effective December 19, 2012
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 | |
| Dividend Value Fund |
0.350% on the first $250 million 0.325% on the next $250 million 0.300% on the next $500 million 0.275% over $1 billion | |
| Dynamic Allocation Fund |
0.07% on the first $500 million 0.04% on the next $500 million 0.02%% on assets over $1.0 billion | |
| 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% on the first $500 million 0.225% over $500 million | |
| 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% | |
