REVISED SCHEDULE A

To the Subadvisory Agreement is made as of the 27^th day of April, 2015, by and between Allianz Investment Management LLC, a Minnesota limited liability company ("Manager"), and The Boston Company Asset Management LLC, a Massachusetts limited liability company ("Subadviser").

Compensation pursuant to Section 4 of Subadvisory Agreement shall be calculated in accordance with the following schedule:

AZL Boston Company Research Growth Fund

Average Daily Net Assets* Rate

First $100 million 0.35%

Thereafter (all assets over $100 million) 0.25%

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*When average daily net assets exceed the first breakpoint, multiple rates will apply, resulting in a blended rate, e.g. if average daily net assets are $200 million, a rate of 35 bps would apply to $100 million and a rate of 25 bps would apply to the remaining $100 million.

The rates set forth above apply to average daily net assets that are subject to the Subadviser's investment discretion in the Funds.

Acknowledged:

ALLIANZ INVESTMENT THE BOSTON COMPANY

MANAGEMENT LLC ASSET MANAGEMENT LLC

By: /s/ Brian Muench By: /s/Bart Grenier

Name: Brian Muench Name: Bart Grenier

Title: President Title: Chairman, CEO & CIO

Effective as of November 1, 2015, the schedule is revised to reflect a fee change to the Fund.