Non-Discretionary Sub-Management Agreement Sample Contracts

NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT By and among Venerable Investment Advisers, LLC and Franklin Advisers, Inc. and Royce & Associates, LP NON- DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • October 3rd, 2025 • Venerable Variable Insurance Trust • Delaware

Dated September 1, 2025, by and among Venerable Investment Advisers, LLC (“VIA”), Franklin Advisers, Inc. (“Sub-Adviser”), and Royce & Associates, LP (“Non-Discretionary Sub-Adviser”).

NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT By and among Venerable Investment Advisers, LLC and Franklin Advisers, Inc. and [Non-Discretionary Sub-Adviser] NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • April 29th, 2025 • Venerable Variable Insurance Trust • Delaware

Dated , by and among Venerable Investment Advisers, LLC (“VIA”), Franklin Advisers, Inc. (“Sub-Adviser”), and [ ] (“Non-Discretionary Sub-Adviser”).

AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • October 3rd, 2025 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 dated September 22, 2025 (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated September 1, 2025 (the “Agreement”) by and among VENERABLE INVESTMENT ADVISERS, LLC, a Delaware limited liability company (“VIA”), FRANKLIN ADVISERS, INC., a California corporation (the “Sub-Adviser”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT By and among Venerable Investment Advisers, LLC and Russell Investment Management, LLC and Duff & Phelps Investment Management Co.
Non-Discretionary Sub-Management Agreement • April 29th, 2026 • Venerable Variable Insurance Trust • Delaware

Dated March 20, 2026, by and among Venerable Investment Advisers, LLC (“VIA”), Russell Investment Management, LLC (“Sub-Adviser”), and Duff & Phelps Investment Management Co. (“Non-Discretionary Sub-Adviser”).

FORM OF AMENDMENT NO. 2 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • December 17th, 2025 • Venerable Variable Insurance Trust

AMENDMENT NO. 2 dated [ ], 2026 (“Amendment No. 2”), to the Non-Discretionary Sub-Management Agreement dated September 1, 2025 (the “Agreement”) by and among VENERABLE INVESTMENT ADVISERS, LLC, a Delaware limited liability company (“VIA”), FRANKLIN ADVISERS, INC., a California corporation (the “Sub-Adviser”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

FORM OF AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • December 17th, 2025 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 effective [ ] (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated July 31, 2025 (the “Agreement”) by and among Venerable Investment Advisers, LLC (“VIA”), Russell Investment Management, LLC ( “Sub-Adviser”), and Wellington Management Company LLP (“Non-Discretionary Sub-Adviser”) (the “Agreement”).

AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • April 29th, 2026 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 effective March 20, 2026 (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated July 31, 2025 (the “Agreement”) by and among Venerable Investment Advisers, LLC (“VIA”), Russell Investment Management, LLC ( “Sub-Adviser”), and Wellington Management Company LLP (“Non-Discretionary Sub-Adviser”) (the “Agreement”).

AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • April 29th, 2026 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 dated February 3, 2026 (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated April 28, 2025 (the “Agreement”) by and among VENERABLE INVESTMENT ADVISERS, LLC, a Delaware limited liability company (“VIA”), FRANKLIN ADVISERS, INC., a California corporation (the “Sub-Adviser”), and CLEARBRIDGE INVESTMENTS, LLC, a Delaware limited liability company (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

FORM OF AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • December 17th, 2025 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 dated [ ], 2026 (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated April 28, 2025 (the “Agreement”) by and among VENERABLE INVESTMENT ADVISERS, LLC, a Delaware limited liability company (“VIA”), FRANKLIN ADVISERS, INC., a California corporation (the “Sub-Adviser”), and CLEARBRIDGE INVESTMENTS, LLC, a Delaware limited liability company (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

AMENDMENT NO. 1 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • April 29th, 2026 • Venerable Variable Insurance Trust

AMENDMENT NO. 1 effective March 10, 2026 (“Amendment No. 1”), to the Non-Discretionary Sub-Management Agreement dated July 31, 2025 (the “Agreement”) by and among Venerable Investment Advisers, LLC (“VIA”), Russell Investment Management, LLC (the “Sub-Adviser”), and Oaktree Fund Advisors, LLC (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

AMENDMENT NO. 2 TO THE NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • April 29th, 2026 • Venerable Variable Insurance Trust

AMENDMENT NO. 2 dated February 3, 2026 (“Amendment No. 2”), to the Non-Discretionary Sub-Management Agreement dated September 1, 2025 (the “Agreement”) by and among VENERABLE INVESTMENT ADVISERS, LLC, a Delaware limited liability company (“VIA”), FRANKLIN ADVISERS, INC., a California corporation (the “Sub-Adviser”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Non-Discretionary Sub-Adviser”) (the “Agreement”).

NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT By and among Venerable Investment Advisers, LLC and Russell Investment Management, LLC and [Non-Discretionary Sub-Adviser] NON-DISCRETIONARY SUB-MANAGEMENT AGREEMENT
Non-Discretionary Sub-Management Agreement • December 17th, 2025 • Venerable Variable Insurance Trust • Delaware

Dated_____, by and among Venerable Investment Advisers, LLC (“VIA”), Russell Investment Management, LLC (“Sub-Adviser”), and [ ] (“Non-Discretionary Sub-Adviser”).