0001741773-24-000183 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT Between
Investment Sub-Advisory Agreement • February 26th, 2024 • T. Rowe Price Equity Series, Inc. • Maryland

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is dated as of May 1, 2022 and entered into by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, and T. Rowe Price International Ltd (the “Sub-adviser”), a corporation organized and existing under the laws of the United Kingdom, with respect to each Fund (as defined below) set forth on Schedule 1 as of the date indicated thereof, as it may be amended from time to time.

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INVESTMENT SUB-ADVISORY AGREEMENT Between
Investment Sub-Advisory Agreement • February 26th, 2024 • T. Rowe Price Equity Series, Inc. • Maryland

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is dated as of May 1, 2022 and entered into by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, and T. Rowe Price Investment Management, Inc. (the “Sub-adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, with respect to each Fund (defined below) set forth on Schedule 1 as of the date indicated thereof, as it may be amended from time to time.

INVESTMENT SUB-ADVISORY AGREEMENT Between
Investment Sub-Advisory Agreement • February 26th, 2024 • T. Rowe Price Equity Series, Inc. • Maryland

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”), is dated as of May 1, 2022 and entered into by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America with its principal office at 100 East Pratt Street, Baltimore, Maryland 21202, United States of America and T. Rowe Price Hong Kong Limited (the “Subadviser” or “TRP Hong Kong”), an indirect, wholly-owned subsidiary of the Adviser and a Hong Kong limited company organized and existing under the laws of Hong Kong with its principal office at 6/F Chater House, 8 Connaught Place, Central, Hong Kong, with respect to each Fund (as defined below) set forth on Schedule 1 as of the date indicated thereof, as it may be amended from time to time.

AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENTS Between EACH OF THE T. ROWE PRICE VARIABLE INSURANCE PORTFOLIOS (EACH A “FUND” AND COLLECTIVELY THE “FUNDS”) SET FORTH ON SCHEDULE A HERETO, SEVERALLY AND NOT JOINTLY, and
T. Rowe Price Equity Series, Inc. • February 26th, 2024

This Amendment (the “Amendment”) to each of the Investment Management Agreements is made as of October 23, 2023, by and between each of the Funds, separately and not jointly, and T. ROWE PRICE ASSOCIATES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Manager”).

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