0001571049-16-016667 Sample Contracts

TWELFTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT VIRTUS EQUITY TRUST
Expense Limitation Agreement • July 20th, 2016 • Virtus Equity Trust • Delaware

This Twelfth Amended and Restated Expense Limitation Agreement (the “Agreement”), effective as of July 29, 2016, amends and restates that certain Amended & Restated Expense Limitation Agreement effective as of September 1, 2015, by and between Virtus Equity 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”).

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