0000914036-08-000004 Sample Contracts

SUB-ADVISORY AGREEMENT LVIP VALUE OPPORTUNITIES FUND
Sub-Advisory Agreement • February 26th, 2008 • Lincoln Variable Insurance Products Trust • Delaware

This Sub-Advisory Agreement (“Agreement”) executed as of October 15, 2007, is between LINCOLN INVESTMENT ADVISORS CORPORATION, a New Hampshire corporation (the “Adviser”), and COLUMBIA MANAGEMENT ADVISORS, LLC, a Delaware limited liability company (the “Sub-Adviser”).

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