0000950123-11-019493 Sample Contracts

BB&T FUNDS AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • February 28th, 2011 • BB&T Variable Insurance Funds

THIS AMENDMENT is made as of May 1, 2010 between U.S. Bank National Association, a national banking association organized and existing under the laws of the United States of America (the “Custodian”), and BB&T Variable Insurance Funds, a Massachusetts business trust (the “Trust”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • February 28th, 2011 • BB&T Variable Insurance Funds • Massachusetts

AGREEMENT dated as of October 1, 2010 between Sterling Capital Management LLC, a North Carolina limited liability company with an office in Raleigh, North Carolina (herein called the “Investment Adviser”) and Scott & Stringfellow, LLC, a Virginia limited liability company with an office in Richmond, Virginia (herein called the “Sub-Adviser”).

ADMINISTRATION AGREEMENT
Administration Agreement • February 28th, 2011 • BB&T Variable Insurance Funds • Massachusetts

THIS AGREEMENT is made as of this 1st day of October 1, 2010, by and between BB&T Variable Insurance Funds, a Massachusetts business trust (the “Company”), and Sterling Capital Management LLC (the “Administrator”), a North Carolina limited liability company.

FINANCIAL STATEMENT TYPESETTING SERVICES AMENDMENT TO ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • February 28th, 2011 • BB&T Variable Insurance Funds

This Financial Statement Typesetting Services Amendment is made as of September 15, 2010 by and between BB&T VARIABLE INSURANCE FUNDS (the “Trust”) and BNY MELLON INVESTMENT SERVICING (US) INC. (formerly PFPC Inc.) (“BNY Mellon”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 28th, 2011 • BB&T Variable Insurance Funds • Massachusetts

AGREEMENT made as of October 1, 2010 between BB&T Variable Insurance Funds, a Massachusetts business trust (hereinafter called the “Trust”), and Sterling Capital Management LLC, a subsidiary of BB&T Corporation (hereinafter called the “Investment Adviser”).

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