SECOND AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT FOR LVIP BLENDED MID CAP MANAGED VOLATILITY FUND
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SECOND AMENDMENT TO
INVESTMENT SUB-ADVISORY AGREEMENT FOR
LVIP BLENDED MID CAP MANAGED VOLATILITY FUND
THIS SECOND AMENDMENT TO THE INVESTMENT SUB-ADVISORY AGREEMENT made this 1st day of October, 2019 (the “Amendment”), is between Lincoln Investment Advisors Corporation (the “Adviser”) and X. Xxxx Price Associates, Inc. (the “Sub-Adviser”).
Recitals
| 1. | The Adviser currently serves as investment adviser to the Lincoln Variable Insurance Products Trust (the “Trust”); |
| 2. | The Sub-Adviser currently sub-advises the LVIP Blended Mid Cap Managed Volatility Fund (the “Fund”), a series of the Trust, pursuant to a written sub-advisory agreement dated February 8, 2016, as amended March 8, 2016 (the “Agreement”); |
| 3. | The Sub-Adviser and the Adviser desire to amend the fee schedule (“Schedule A”) to the Agreement with respect to the Fund. |
Representations
| 1. | The Adviser represents and warrants that approval of this Amendment was obtained from the Trust’s Board of Trustees at an in-person meeting held September 9, 2019. |
Amendment
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
| 1. | The Recitals are incorporated herein and made a part of the Agreement. |
| 2. | The Representations are incorporated and made a part of the Agreement. |
| 3. | Schedule A shall be deleted and replaced with the attached amended Schedule A, effective hereof, to reflect the amended fee schedule of the Fund. |
| 4. | All other terms and provisions of the 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 above written.
| LINCOLN INVESTMENT ADVISORS CORPORATION | ||
| By: | /s/ Xxxxxx X. Xxxxxxxxxx | |
| Name: | Xxxxxx X. Xxxxxxxxxx | |
| Title: | President |
| X. XXXX PRICE ASSOCIATES, INC. | ||
| By: | /s/ Xxxxxxx Xxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | Vice President |
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SCHEDULE A
Fee Schedule
LVIP Blended Mid Cap Managed Volatility Fund
The Adviser shall pay to the Sub-Adviser compensation at an annual rate as follows effective as of October 1, 2019:
[FEE SCHEDULE REDACTED]
*The Sub-Adviser’s fee at all asset levels shall be calculated using the annual rate applicable to the average daily net asset value of the aggregate assets under the Sub-Adviser’s management for the LVIP X. Xxxx Price Structured Mid-Cap Growth Fund and the LVIP Blended Mid Cap Managed Volatility Fund (“Aggregated Assets”).
**Resets at first dollar
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