0000320351-13-000083 Sample Contracts

GENERAL DISTRIBUTION AGREEMENT between VARIABLE INSURANCE PRODUCTS FUND V and FIDELITY DISTRIBUTORS CORPORATION
General Distribution Agreement • April 19th, 2013 • Variable Insurance Products Fund V • Massachusetts

Agreement made this 17th day of January, 2013, between Variable Insurance Products Fund V, a Massachusetts business trust having its principal place of business in Boston, Massachusetts and which may issue one or more series of beneficial interest ("Issuer"), with respect to shares of Target Volatility Portfolio, a series of the Issuer, and Fidelity Distributors Corporation, a Massachusetts corporation having its principal place of business in Smithfield, Rhode Island ("Distributors").

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FORM OF SERVICE CONTRACT
Variable Insurance Products Fund V • April 19th, 2013

We desire to enter into a Contract with you for activities in connection with (i) the distribution of shares of the funds noted above (the "Funds") of which you are the principal underwriter as defined in the Investment Company Act of 1940 (the "Act") and for which you are the agent for the continuous distribution of shares, and (ii) the servicing of holders of shares of the Funds and existing and prospective holders of Variable Products (as defined below).

ADMINISTRATION AGREEMENT between STRATEGIC ADVISERS, INC. and FIDELITY MANAGEMENT & RESEARCH COMPANY
Administration Agreement • April 19th, 2013 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT dated as of this 17th day of January, 2013 between Strategic Advisers, Inc., a Massachusetts corporation (the "Adviser"), and Fidelity Management & Research Company, a Massachusetts corporation (the "Administrator").

MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: TARGET VOLATILITY PORTFOLIO and STRATEGIC ADVISERS, INC.
Management Contract • April 19th, 2013 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT made this 17th day of January, 2013, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust"), on behalf of Target Volatility Portfolio (hereinafter called the "Fund"), and Strategic Advisers, Inc., a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.

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