AMENDMENT NO. 3
TO
SUBADVISORY AGREEMENT
This AMENDMENT NO. 3 TO
SUBADVISORY AGREEMENT is dated as of
October 2, 2007, by and between AIG
SUNAMERICA ASSET MANAGEMENT
CORP., a Delaware corporation (the Adviser ),
and JANUS CAPITAL MANAGEMENT LLC, a
Delaware limited liability company (the
Subadviser ).
W I T N E S S E T H:
WHEREAS, the Adviser and Seasons
Series Trust, a Massachusetts business trust (the
Trust ), have entered into an Investment Advisory
and Management Agreement dated as of January 1,
1999, as amended from time to time (the Advisory
Agreement ), pursuant to which the Adviser has
agreed to provide investment management, advisory
and administrative services to the Trust, and
pursuant to it which the Adviser may delegate one
or more of its duties to a subadviser pursuant to a
written subadvisory agreement;
WHEREAS, the Adviser and the Subadviser
are parties to a Subadvisory Agreement dated April
3, 2002, as amended from time to time (the
Subadvisory Agreement ), pursuant to which the
Subadviser furnishes investment advisory services
to certain series (the Portfolios ) of the Trust, as
listed on Schedule A of the Subadvisory
Agreement;
WHEREAS, the parties desire to amend the
Subadvisory Agreement to comply with the
requirements of rules 17a-10, 10f-3, 12d3-1 and
17e-1 under the Investment Company Act of 1940,
as amended, relating to certain exemptions available
for transactions with subadvisory affiliates; and
WHEREAS, the Board of Trustees of the
Trust has approved this Amendment to the
Subadvisory Agreement and it is not required to be
approved by the shareholders of the Portfolios.
NOW, THEREFORE, it is hereby agreed
between the parties hereto as follows:
1. The following provision is inserted
as Section 1(e) of the Subadvisory
Agreement:
(e) The Subadviser also represents
and warrants that in furnishing
services hereunder, the Subadviser
will not consult with any other
subadviser of the Portfolios or other
series of the Trust, to the extent any
other subadvisers are engaged by the
Adviser, or any other subadvisers to
other investments companies that are
under common control with the
Trust, concerning transactions of the
Portfolios in securities or other
assets, other than for purposes of
complying with the conditions of
paragraphs (a) and (b) of rule 12d3-1
under the Act.
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
Subadvisory 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
Subadvisory Agreement.
IN WITNESS WHEREOF, the parties
have caused their respective duly authorized
officers to execute this Agreement as of the date
first above written.
AIG
SUNAMERICA ASSET MANAGEMENT
CORP.
By: /s/ XXXXX X.
XXXXXXX
Name: Xxxxx X.
Xxxxxxx
Title: President &
CEO
JANUS CAPITAL
MANAGEMENT LLC
By: /s/ XXXXXX X.
XXXXXX
Name: Xxxxxx X.
Xxxxxx
Title: SVP &
Managing Director
3
P:\PUBLIC\PRODLAW\Securities Compliance\Seasons
Series Trust\Agreements\Subadvisory Agreements
\Janus\Janus Amendment 3 to Subadvisory
Agreement 10-02-07.doc
