ASSUMPTION AGREEMENT
AGREEMENT made as of November 1, 2017 between XXXXXXX XXXXX ASSET MANAGEMENT INTERNATIONAL (“GSAMI”) and XXXXXXX SACHS ASSET MANAGEMENT, L.P. (“GSAM”), each a wholly-owned subsidiary of THE XXXXXXX XXXXX GROUP, INC.
WHEREAS, Xxxxxxx Sachs Variable Insurance Trust (the “Trust”) is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”);
WHEREAS, GSAMI has been previously appointed as investment adviser to the Xxxxxxx Xxxxx Strategic International Equity Fund (the “Fund”), a series of the Trust, pursuant to a Management Agreement dated October 21, 1997 (the “Management Agreement”); and
WHEREAS, GSAMI and GSAM intend that GSAM act as investment adviser with respect to the Fund pursuant to the Management Agreement.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
1. GSAM hereby assumes all rights and obligations of GSAMI under the Management Agreement with respect to the Fund.
2. GSAMI and GSAM hereby represent that after the assumption referred to above: (a) the management personnel responsible for providing investment advisory services to the Fund under the Management Agreement, including the portfolio managers and the supervisory personnel, will provide the same services for the Fund; and (b) GSAM will remain a wholly-owned subsidiary of The Xxxxxxx Sachs Group, Inc. Consequently, GSAMI and GSAM believe that the assumption effected by this Agreement does not involve a change in actual control or actual management with respect to the investment adviser for the Fund.
3. GSAM is hereby bound by all of the terms of the Management Agreement, which will continue in full force and effect with respect to GSAM.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.
XXXXXXX XXXXX ASSET MANAGEMENT INTERNATIONAL
By: /s/ Xxxx Xxxxxxx
(Authorized Officer)
Name: Xxxx Xxxxxxx
Title: Managing Director
XXXXXXX SACHS ASSET MANAGEMENT, L.P.
By: /s/ Xxxxx XxXxxxxx
(Authorized Officer)
Name: Xxxxx XxXxxxxx
Title: President
Acknowledged and Accepted as of the Date
First Set Forth Above:
XXXXXXX XXXXX VARIABLE INSURANCE TRUST
By:
/s/ Xxxxx XxXxxxxx
Name:
Xxxxx XxXxxxxx
Title:
President
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