EX-99.77Q1 OTHR EXHB 3 ex77q1a.txt AMENDMENT NO. 5 TO THE SUBADVISORY AGREEMENT AMENDMENT NO. 5 TO THE SUBADVISORY AGREEMENT This AMENDMENT NO. 5 TO THE SUBADVISORY AGREEMENT is dated as of February 6, 2017, by and between SUNAMERICA ASSET MANAGEMENT, LLC, a Delaware limited liability company (the "Adviser"), and T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation (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 the Adviser may delegate one or more of its duties to a subadviser pursuant to a written subadvisory agreement; and WHEREAS, the Adviser and the Subadviser are parties to a Subadvisory Agreement dated January 1, 1999, 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; and WHEREAS, the Board of Trustees of the Trust, including a majority of the Trustees who are not "interested persons" of the Trust, as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, has approved this Amendment to the Subadvisory Agreement; and WHEREAS, the Adviser has received an exemptive order from the U.S. Securities and Exchange Commission that permits the Adviser, subject to certain conditions, to enter into subadvisory agreements with unaffiliated advisers without first obtaining shareholder approval. NOW, THEREFORE, it is hereby agreed between the parties hereto as follows: 1. Schedule A to the Subadvisory Agreement, which is attached hereto and made a part hereof, is hereby amended and restated as follows to include the Mid Cap Value Portfolio, a series of the Trust: Portfolio Annual Fee (as a percentage of the average daily net assets the Subadviser manages in the portfolio) Mid Cap Value Portfolio 0.60% on the first $20 million 0.50% on the next $30 million 0.50% reset above $50 million 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. SUNAMERICA ASSET MANAGEMENT, LLC By:_/s/ Peter A. Harbeck Name: Peter A. Harbeck Title: President & CEO T. ROWE PRICE ASSOCIATES, INC. By:__/s/ Savonne L. Ferguson Name: Savonne L. Ferguson Title: Vice President SCHEDULE A Effective February 6, 2017 Portfolio(s) Annual Fee (as a percentage of the average daily net assets the Subadviser manages in the portfolio) International Equity Portfolio 0.60% first $50 million 0.55% next $50 million At $100 million, the fee schedule resets to 0.50% on all assets 0.50% next $100 million At $200 million, the fee schedule resets to 0.425% on all assets 0.425% next $300 million 0.40% next $500 million At $1 billion, the fee schedule resets to 0.40% on all assets Mid Cap Growth Portfolio 0.50% first $40 million 0.40% over $40 million Mid Cap Value Portfolio 0.60% on the first $20 million 0.50% on the next $30 million Above $50 million, the fee schedule resets to 0.50% on all assets Stock Portfolio 0.50% on first $50 million 0.40% on next $50 million At $100 million, the fee schedule resets to 0.40% on all assets 0.40% on next $150 million 0.375% on next $250 million 0.35% on next $500 million At $1 billion, the fee schedule resets to 0.35% on all assets 0.325% in excess of $1 billion 3