0000932471-10-001884 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 28th, 2010 • Vanguard Variable Insurance Funds • Delaware

THIS AGREEMENT is made as of lhis 1st day of April, 2010, between VANGUARD VARIABLE INSURANCE FLJND, a Delaware statutory trust (the "Trust"), and William Blair & Company, L.L.C., a Delaware limited liabilily company (the "Adv~sor").

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