REVISED SCHEDULE A

REVISED SCHEDULE A

To the Amended and Restated Subadvisory Agreement, made the 26^th day of January, 2009, by and between Allianz Investment Management LLC, a Minnesota limited liability company, and ▇.▇. ▇▇▇▇▇▇ Investment Management Inc., a Delaware corporation (the "Subadviser").

Compensation pursuant to Section 4 of the Subadvisory Agreement shall be calculated at the rate shown below based on the average daily net assets subject to the Subadviser's investment discretion in the applicable Fund:

AZL JPMorgan International Opportunities Fund

0.40% on the first $400 million 0.35% thereafter

AZL Multi-Manager Mid Cap Growth Fund

0.42% on the first $100 million 0.40% thereafter

AZL JPMorgan U.S. Equity Fund

0.45% on the first $100 million 0.40% thereafter

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*When average daily net assets exceed the first breakpoint, multiple rates will apply, resulting in a blended rate. For example, if average daily net assets are $300 million in the AZL JPMorgan U.S. Equity Fund, a rate of 45 bps would apply to $100 million, a rate of 40 bps would apply to the remaining $200 million.

Acknowledged:

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