EX-99.77Q1 OTHR EXHB 5 subadvGI.txt AMENDMENT TO SUB AGREEMENT GROWTH AND INCOME AMENDMENT NO. 2 TO INVESTMENT SUB-ADVISORY AGREEMENT THIS AMENDMENT NO. 1 TO INVESTMENT SUB-ADVISORY AGREEMENT (the Amendment) is dated as of September 16, 2013, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (VALIC), a Texas Corporation, and J.P. MORGAN INVESTMENT MANAGEMENT INC. (the Sub-Adviser). RECITALS WHEREAS, VALIC and VALIC Company I (VC I) entered into an Investment Advisory Agreement dated January 1, 2002, with respect to the Covered Funds reflected in Schedule A; and WHEREAS, VALIC and the Sub-Adviser are parties to that certain Investment Sub-Advisory Agreement dated October 1, 2011 with respect to the Covered Funds (the Agreement); and WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the addition of the Growth & Income Fund as a Covered Fund. NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and the Sub-Adviser agree as follows: 1. Schedule A Amendment. Schedule A to the Agreement is hereby amended to reflect that the Sub-Adviser will manage the assets of the Growth & Income Fund and shall be compensated on those assets managed, in accordance with Section 3 of the Agreement, at the fee rate reflected in Schedule A attached hereto. 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 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 Agreement. IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 2 as of the date first above written. THE VARIABLE ANNUITY LIFE J.P. MORGAN INVESTMENT INSURANCE COMPANY MANAGEMENT INC. By: /s/ Kurt W. Bernlohr By: /s/ Ana Brands Name: Kurt W. Bernlohr Name: Ana Brands Title: Senior Vice President Title: Vice President SCHEDULE A COVERED FUND(S) Effective September 16, 2013 Annual Fee computed at the following annual rate, based on average daily net asset value for each month on that portion of the assets managed by SUB- ADVISER, and payable monthly: Covered Fund Fee Emerging Economies Fund 0.50% on the first $150 million; 0.45% on the next $150 million; and 0.40% on assets over $300 million Government Securities Fund 0.25% on the first $75 million; 0.20% on the next $75 million; 0.15% on the next $100 million; and 0.10% on assets over $250 million Growth & Income Fund 0.25% on the first $500 million; and 0.225% on assets over $500 million P:\VALIC Board Meetings\2013\08.05-06.2013\15c JPMIM - VC I Growth & Income Fund\JPMIM - Amend 2 to Subadvisory Agmt (draft 6-21-13).doc