0001104659-20-100847 Sample Contracts

VIRTUS VARIABLE INSURANCE TRUST Virtus KAR Equity Income Series SUBADVISORY AGREEMENT
Subadvisory Agreement • August 31st, 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 (sometimes hereafter referred to as the “Series”), including Virtus KAR Equity Income Series.

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THIRTEENTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 31st, 2020 • Virtus Variable Insurance Trust • Delaware

This Thirteenth Amended and Restated Expense Limitation Agreement (the “Agreement”) effective as of September 1, 2020, amends and restates that Twelfth Amended and Restated Expense Limitation Agreement effective as of April 30, 2020, 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”).

FIFTH AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 31st, 2020 • Virtus Variable Insurance Trust • Delaware

THIS AMENDMENT effective as of the 1st day of September, 2020, amends that certain Investment Advisory Agreement (the “Agreement”) by and between Virtus Variable Insurance Trust, a Delaware statutory trust (the “Trust”), and Virtus Investment Advisers, Inc., a Massachusetts corporation (the “Adviser”), as follows:

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