EXHIBIT (h)(3)(i)
AMENDMENT TO
FUND ACCOUNTING AGREEMENT
This Amendment (the "Amendment") dated as of November 29, 2006 amends the
Fund Accounting Agreement dated as of May 1, 2005 between BISYS Fund Services
Ohio, Inc. ("BISYS"), an Ohio corporation, and BB&T Variable Insurance Funds
(the "Trust"), a Massachusetts business trust, (as such agreement has been
amended to date, the "Agreement").
WHEREAS, pursuant to the Agreement, BISYS performs certain services for the
Trust and the investment portfolios of the Trust; and
WHEREAS, the parties wish to extend and amend the term of the Agreement.
NOW THEREFORE, BISYS and the Trust, 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 Agreement is hereby amended to extend the end of the
Initial Term to April 30, 2007 and to provide that at end of the Initial Term,
the Agreement automatically terminates.
2. Miscellaneous.
(a) Capitalized terms used but not defined in this Amendment have the
respective meanings ascribed to them in the 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 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.
BISYS Fund Services Ohio, Inc.
By: /s/ Xxxx Xxxxxxx
---------------------------------
Name: Xxxx Xxxxxxx
Title: President
BB&T Variable Insurance Funds
By: /s/ Xxxxx X. Xxxxxxxxx
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Name: Xxxxx X. Xxxxxxxxx
Title: Vice President
