0001104659-20-049685 Sample Contracts

VIRTUS VARIABLE INSURANCE TRUST Virtus SGA International Growth Series SUBADVISORY AGREEMENT
Subadvisory Agreement • April 22nd, 2020 • Virtus Variable Insurance Trust • Delaware

Virtus Variable Insurance Trust (the “Trust”) is an open-end investment company of the series type registered under the Investment Company Act of 1940, as amended (the “Act”), and is subject to the rules and regulations promulgated thereunder. The shares of the Trust are offered or may be offered in several series, including Virtus SGA International Growth Series (sometimes hereafter referred to as the “Series”).

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TWELFTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 22nd, 2020 • Virtus Variable Insurance Trust • Delaware

This Twelfth Amended and Restated Expense Limitation Agreement (the “Agreement”) effective as of April 30, 2020, amends and restates that Amended and Restated Expense Limitation Agreement effective as of December 1, 2019, by and between Virtus Variable Insurance Trust, a Delaware statutory trust (the “Registrant”), on behalf of each series of the Registrant listed in Appendix A (each a “Fund” and collectively, the “Funds”) and the Adviser of each of the Funds, Virtus Investment Advisers, Inc., a Massachusetts corporation (the “Adviser”).

FIRST AMENDMENT TO SUBADVISORY AGREEMENT
Subadvisory Agreement • April 22nd, 2020 • Virtus Variable Insurance Trust • Delaware

THIS AMENDMENT effective as of the 4th day of June, 2019, amends that certain Subadvisory Agreement effective November 2, 2016, (the “Agreement”) among Virtus Variable Insurance Trust (the “Trust”), a Delaware statutory trust on behalf of its series Virtus Strategic Allocation Series (the “Series”), Virtus Investment Advisers, Inc., a Massachusetts corporation (the “Adviser”) and Kayne Anderson Rudnick Investment Management, LLC, a California limited liability company (the “Subadviser”) as follows:

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