EX-99.(D)(10)(D) 8 d200593dex99d10d.htm AMEND. NO.3 TO INVEST.SUB-ADVISORY AGREE. BETWEEN VALIC & FRANKLIN ADVISERS, INC Amend. No.3 to Invest.Sub-Advisory Agree. between VALIC & Franklin Advisers, Inc

Execution Version

AMENDMENT NO. 3

TO

INVESTMENT SUB-ADVISORY AGREEMENT

THIS AMENDMENT NO. 3 TO INVESTMENT SUB-ADVISORY AGREEMENT (the “Amendment”) is dated as of December 7, 2021, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”), a Texas life insurer, and Franklin Advisers, Inc. (the “Sub-Adviser”).

RECITALS

WHEREAS, VALIC and VALIC Company I entered into an Investment Advisory Agreement dated January 1, 2002 (as amended, restated or otherwise modified from time to time, the “Advisory Agreement”), with respect to the Covered Funds reflected in Schedule A of the Advisory Agreement; and

WHEREAS, VALIC and the Sub-Adviser are parties to that certain Investment Sub-Advisory Agreement dated December 5, 2005 (as amended, restated or otherwise modified from time to time, the “Sub-Advisory Agreement”), with respect to the Global Strategy Fund, a Covered Fund; and

WHEREAS, the parties wish to amend Schedule A to the Sub-Advisory Agreement to reflect the revised subadvisory fee schedule of the Global Strategy Fund.

NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and the Sub-Adviser agree as follows:

 

  1.

Section 9 Amendment. Section 9 to the Subadvisory Agreement is hereby amended and restated as follows:

All notices hereunder shall be given in writing (and shall be deemed to have been duly given upon receipt) by delivery in person, by facsimile, by registered or certified mail or by overnight delivery (postage prepaid, return receipt requested) to VALIC and to SUB-ADVISER at the address of each set forth below:

 

If to VALIC:    With a copy to:

The Variable Annuity Life Insurance

Company

Attn: Mutual Fund Legal

2919 Allen Parkway

Houston, Texas 77019

  

SunAmerica Asset Management, LLC

Attn: General Counsel

Harborside 5,185 Hudson Street, Suite 3300

Jersey City, NJ 07311

If to SUB-ADVISER   

Franklin Advisers, Inc.

One Franklin Parkway

San Mateo, CA 94403

Attn: Christopher J. Molumphy, EVP/CIO

  


  2.

Schedule A Amendment. Schedule A to the Sub-Advisory Agreement is hereby amended to reflect the revised subadvisory fee schedule of the Global Strategy Fund.

 

  3.

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.

 

  4.

Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Sub-Advisory Agreement shall remain unchanged and shall continue to be in full force and effect.

 

  5.

Miscellaneous. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Sub-Advisory Agreement.

 

- 2 -


IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 3 as of the date first above

 

THE VARIABLE ANNUITY LIFE INSURANCE COMPANY     FRANKLIN ADVISERS, INC.
By:  

/s/ THOMAS M. WARD

    By:  

/s/ ED PERKS

Name:   Thomas M. Ward     Name:   Ed Perks
Title:   Authorized Signatory     Title:   President, Franklin Advisers, Inc.


SCHEDULE A

COVERED FUND(S)

Effective December 7, 2021

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

Global Strategy Fund    0.24% on all assets