0001379491-20-001292 Sample Contracts

AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: ASSET MANAGER: GROWTH PORTFOLIO and
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Fund”), on behalf of Asset Manager: Growth Portfolio (hereinafter called the "Portfolio"), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

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AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: BOND INDEX PORTFOLIO and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Trust”), on behalf of Bond Index Portfolio (hereinafter called the “Fund”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: FUNDSMANAGER 50% PORTFOLIO and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Fund”), on behalf of FundsManager 50% Portfolio, a series of the Fund, (hereinafter called the “Portfolio”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

AMENDED and RESTATED GENERAL DISTRIBUTION AGREEMENT between VARIABLE INSURANCE PRODUCTS FUND V and FIDELITY DISTRIBUTORS COMPANY LLC
General Distribution Agreement • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

Agreement AMENDED and RESTATED as of this 1st day of January, 2020, between Variable Insurance Products Fund V, a Massachusetts business trust having its principal place of business in Boston, Massachusetts and which may issue one or more series of beneficial interest (“Issuer”), with respect to shares of Freedom 2060 Portfolio, a series of the Issuer, and Fidelity Distributors Company LLC, a Delaware limited liability company having its principal place of business in Smithfield, Rhode Island (“Distributors”).

AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: FREEDOM 2035 PORTFOLIO and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Fund”), on behalf of Freedom 2035 Portfolio, a series of the Fund, (hereinafter called the “Portfolio”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

AMENDED and RESTATED SUB-ADVISORY AGREEMENT between FIL INVESTMENTS (JAPAN) LIMITED and
Sub-Advisory Agreement • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020 , by and between FIL Investment Advisors, a Bermuda company with principal offices at Pembroke Hall, 42 Crow Lane, Pembroke, HM19, Bermuda (hereinafter called the “Sub–Advisor”), and FIL Investments (Japan) Limited, a Japanese company with principal offices at Tri-Seven Roppongi, 7-7-7 Roppongi, Minato-ku, Tokyo, Japan 106-0032, Japan (hereinafter called the “Japan Sub–Advisor”).

AMENDED and RESTATED SUB–ADVISORY AGREEMENT between FIL INVESTMENT ADVISORS and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC and VARIABLE INSURANCE PRODUCTS FUND V ON BEHALF OF STRATEGIC INCOME PORTFOLIO
Sub–advisory Agreement • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Fidelity Management & Research Company LLC, a Delaware limited liability company with principal offices at 245 Summer Street, Boston, Massachusetts (hereinafter called the “Advisor”); FIL Investment Advisors, a Bermuda company with principal offices at Pembroke Hall, 42 Crow Lane, Pembroke HM19, Bermuda (hereinafter called the “Sub–Advisor”); and Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Trust”) on behalf of Strategic Income Portfolio (hereinafter called the “Portfolio”).

AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: FREEDOM 2050 PORTFOLIO and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Fund”), on behalf of Freedom 2050 Portfolio, a series of the Fund, (hereinafter called the “Portfolio”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

AMENDED and RESTATED MANAGEMENT CONTRACT between VARIABLE INSURANCE PRODUCTS FUND V: GOVERNMENT MONEY MARKET PORTFOLIO and FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Government Money Market Portfolio (hereinafter called the "Portfolio"), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

AMENDED and RESTATED MANAGEMENT CONTRACT between
Management Contract • April 20th, 2020 • Variable Insurance Products Fund V • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of January, 2020, by and between Variable Insurance Products Fund V, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Fund”), on behalf of Freedom Lifetime Income I Portfolio, a series of the Issuer, (hereinafter called the “Portfolio”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

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