Underlying Series Waiver Agreement Sample Contracts

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT—SECURITY INVESTORS, LLC
Underlying Series Waiver Agreement • February 21st, 2020 • Guggenheim Variable Funds Trust

THIS AGREEMENT, dated as of November 13, 2019, is made and entered into by and between Security Investors, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

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UNDERLYING SERIES WAIVER AGREEMENT—GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC
Underlying Series Waiver Agreement • April 30th, 2015 • Guggenheim Variable Funds Trust

THIS AGREEMENT, dated as of November 11, 2014, is made and entered into by and between Guggenheim Partners Investment Management, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT—GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC
Underlying Series Waiver Agreement • February 21st, 2020 • Guggenheim Variable Funds Trust

THIS AGREEMENT, dated as of November 13, 2019, is made and entered into by and between Guggenheim Partners Investment Management, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT—SECURITY INVESTORS, LLC
Underlying Series Waiver Agreement • April 29th, 2021 • Guggenheim Variable Funds Trust

THIS AGREEMENT, dated as of November 18, 2020, is made and entered into by and between Security Investors, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT—SECURITY INVESTORS, LLC
Underlying Series Waiver Agreement • January 31st, 2022 • Guggenheim Funds Trust

THIS AGREEMENT, dated as of November 18, 2021, is made and entered into by and between Security Investors, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT—GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC
Underlying Series Waiver Agreement • April 29th, 2021 • Guggenheim Variable Funds Trust

THIS AGREEMENT, dated as of November 18, 2020, is made and entered into by and between Guggenheim Partners Investment Management, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

AMENDED AND RESTATED UNDERLYING SERIES WAIVER AGREEMENT — GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC
Underlying Series Waiver Agreement • January 31st, 2022 • Guggenheim Funds Trust

THIS AGREEMENT, dated as of November 18, 2021, is made and entered into by and between Guggenheim Partners Investment Management, LLC (the “Adviser”) and Guggenheim Variable Funds Trust (the “Fund”), on behalf of the investment portfolio(s) of the Fund set forth in Schedule A hereto (the “Series”), as may be amended from time to time.

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