Common use of TECHNOLOGY FUND Clause in Contracts

TECHNOLOGY FUND. The Board of Trustees of the Trust (the "Trustees") has selected ▇▇▇▇ ▇▇▇▇▇▇▇ Advisers, Inc. (the "Adviser") to provide overall investment advice and management for the ▇▇▇▇ ▇▇▇▇▇▇▇ V.A. Technology Fund (the "Fund"), and to provide certain other services, under the terms and conditions provided in the Investment Management Contract, dated as of the date hereof, between the Trust, the Fund and the Adviser (the "Investment Management Contract"). The Adviser and the Trustees have selected American Fund Advisors, Inc. (the "Sub-Adviser") to provide the Adviser and the Fund with the advice and services set forth below, and the Sub-Adviser is willing to provide such advice and services, subject to the review of the Trustees and overall supervision of the Adviser, under the terms and conditions hereinafter set forth. The Sub-Adviser hereby represents and warrants that it is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. Accordingly, the Trust, on behalf of the Fund, and the Adviser agree with the Sub-Adviser as follows:

TECHNOLOGY FUND. The Board of Trustees of the Trust (the "Trustees") has selected ▇▇▇▇ ▇▇▇▇▇▇▇ Advisers, Inc. (the "Adviser") to provide overall investment advice and management for the ▇▇▇▇ ▇▇▇▇▇▇▇ V.A. Technology Fund (the "Fund"), and to provide certain other services, under the terms and conditions provided in the Investment Management Contract, dated as of the date hereof, between the Trust, the Fund and the Adviser (the "Investment Management Contract"). The Adviser and the Trustees have selected American Fund Advisors, Inc. (the "Sub-Adviser") to provide the Adviser and the Fund with the advice and services set forth below, and the Sub-Sub- Adviser is willing to provide such advice and services, subject to the review of the Trustees and overall supervision of the Adviser, under the terms and conditions hereinafter set forth. The Sub-Adviser hereby represents and warrants that it is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. Accordingly, the Trust, on behalf of the Fund, and the Adviser agree with the Sub-Adviser as follows: