0001308012-06-000048 Sample Contracts

Delaware Management Company 2005 Market Street Philadelphia, PA 19103 April 14, 2006
Delaware Vip Trust • April 14th, 2006

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Delaware Management Business Trust (the "Advisor") agrees that in order to improve the performance of certain portfolios in Delaware VIP Trust, which is comprised of the Delaware VIP Balanced Series, Delaware VIP Capital Reserves Series, Delaware VIP Cash Reserve Series, Delaware VIP Diversified Income Series, Delaware VIP Emerging Markets Series, Delaware VIP Global Bond Series, Delaware VIP Growth Opportunities Series, Delaware VIP High Yield Series, Delaware VIP International Value Equity Series, Delaware VIP REIT Series, Delaware VIP Select Growth Series, Delaware VIP Small Cap Value Series, Delaware VIP Trend Series, Delaware VIP U.S. Growth Series, and Delaware VIP Value Series (each a "Series"), the Advisor shall, from May 1, 2006 through April 30, 2007, waive all or a portion of its investment advisory fees and/or reimburse expenses (exclud

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Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103 April 14, 2006
Delaware Vip Trust • April 14th, 2006

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees that in order to improve the performance of certain portfolios in Delaware VIP Trust, which is comprised of the Delaware VIP Balanced Series, Delaware VIP Capital Reserves Series, Delaware VIP Cash Reserve Series, Delaware VIP Diversified Income Series, Delaware VIP Emerging Markets Series, Delaware VIP Global Bond Series, Delaware VIP Growth Opportunities Series, Delaware VIP High Yield Series, Delaware VIP International Value Equity Series, Delaware VIP REIT Series, Delaware VIP Select Growth Series, Delaware VIP Small Cap Value Series, Delaware VIP Trend Series, Delaware VIP U.S. Growth Series, and Delaware VIP Value Series (each a "Series"), the Distributor shall, from May 1, 2006 through April 30, 2007, waive a portion of the Rule 12b-1 (distribution) fee for Service Class shares so that such Rule 12b-1 (distribution) fee for the

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