7th AMENDMENT TO SUB-ADVISORY AGREEMENT
EX-(d)(4)(e)(ii)
7th AMENDMENT TO
SUB-ADVISORY AGREEMENT
THIS 7th AMENDMENT TO THE SUB-ADVISORY AGREEMENT, made this 21st day of October, 2019 (the “Amendment”), is between Lincoln Investment Advisors Corporation, a Tennessee corporation (“LIAC”) and BlackRock Investment Management, LLC (“BlackRock”), a Delaware corporation.
Recitals
| 1. | LIAC currently serves as investment adviser to the Lincoln Variable Insurance Products Trust (the “Trust”); |
| 2. | BlackRock currently sub-advises several series of LVIP pursuant to a written subadvisory agreement dated August 27, 2012 as amended October 1, 2015, February 8, 2016, April 21, 2016, March 10, 2017, January 31, 2019, and March 6, 2019 (the “Agreement”), |
| 3. | BlackRock serves as sub-adviser to the LVIP BlackRock Dividend Value Managed Volatility Fund (the “Fund”), a series of the Trust and BlackRock and LIAC desire to amend the fee schedule (“Schedule A”) to the Agreement with respect to the Fund; |
Representations
| 1. | LIAC represents and warrants that approval of this amendment has been obtained from the Trust’s Board of Trustees at an in-person meeting held June 5, 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 as of the date 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. |
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EX-(d)(4)(e)(ii)
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 | BLACKROCK INVESTMENT MANAGEMENT, LLC | |||
| By: /s/ Xxxxxx X. Xxxxxxxxxx | By: /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxx X. Xxxxxxxxxx Title: President |
Name: Xxxxxxx Xxxxxxxx Title: Director | |||
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EX-(d)(4)(e)(ii)
SCHEDULE A
Fee Schedule
The Adviser shall pay to the Sub-Adviser compensation for services rendered to the Fund at an annual rate as follows:
| Effective Date | Fund | Fees payable on assets of the Managed Portion | ||
| November 22, 2019 | LVIP BlackRock Dividend Value Managed Volatility Fund (index sleeve) |
REDACTED | ||
| November 22, 2019 | LVIP BlackRock Dividend Value Managed Volatility Fund (active sleeve) | REDACTED | ||
| May 1, 2017 | LVIP BlackRock Advantage Allocation Fund | REDACTED | ||
| February 11, 2019 | LVIP BlackRock Global Real Estate Fund | REDACTED | ||
| April 26, 2019 | LVIP BlackRock Global Allocation Fund | REDACTED |
| Effective Date | Funds | Fees payable on aggregate average daily net assets of the Managed Portions | ||
| May 1, 2016 | LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund |
REDACTED |
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