0001829126-24-002771 Sample Contracts

OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • April 25th, 2024 • Third Avenue Variable Series Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (this “Agreement”) is made as of April 30, 2024, by and between Third Avenue Variable Series Trust (the “Trust”), on behalf of the Third Avenue Value Portfolio (the “Portfolio”), and Third Avenue Management LLC, the Portfolio’s investment adviser (the “Adviser”).

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