EIGHTH AMENDMENT TO THE SUB-ADVISORY AGREEMENT

EIGHTH AMENDMENT TO THE

SUB-ADVISORY AGREEMENT

This EIGHTH AMENDMENT TO THE SUB-ADVISORY AGREEMENT, dated as of May 1, 2025 is by and between LINCOLN FINANCIAL INVESTMENTS CORPORATION, a Tennessee corporation (the “Adviser”), and ▇.▇. ▇▇▇▇▇▇ INVESTMENT MANAGEMENT INC., a Delaware corporation (the “Sub-Adviser”).

W I T N E S S E T H:

WHEREAS, Lincoln Variable Insurance Products Trust, (the “Trust”), a Delaware statutory trust, on behalf of its series, the LVIP JPMorgan Core Bond Fund, LVIP JPMorgan Mid Cap Value Fund, LVIP JPMorgan Short Duration Bond Fund, LVIP JPMorgan Small Cap Core Fund, and LVIP JPMorgan U.S. Equity (collectively the “Funds”) has entered into an Investment Management Agreement with the Adviser dated April 30, 2007 pursuant to which the Adviser has agreed to provide investment management services to the Funds, and pursuant to which the Adviser may delegate one or more of its duties to a sub-adviser pursuant to a written sub-advisory agreement;

WHEREAS, the Adviser and the Sub-Adviser are parties to a sub-advisory Agreement dated September 21, 2012, as amended from time to time, (the “Sub-Advisory Agreement”), pursuant to which the Sub-Adviser furnishes investment advisory services to the Funds;

WHEREAS, the Adviser has agreed with the Sub-Adviser to amend the Sub-Advisory Agreement to provide for the respective sub-advisory fee rates set forth in Schedule A to be payable on the assets of the Managed Portion of the Funds;

WHEREAS, the Board of Trustees of the Trust has approved this Eighth Amendment to the Sub- Advisory Agreement and it is not required to be approved by the shareholders of the Fund.

NOW, THEREFORE, it is hereby agreed between the parties hereto as follows:

 

1.

Schedule A. Schedule A shall be deleted and replaced with the attached amended Schedule A effective as of the date hereof, to reflect the fee rates.

 

2.

Counterparts. This Eighth Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.

 

3.

Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants, and conditions of the Sub-Advisory Agreement shall remain unchanged and shall continue to be in full force and effect.

4.

Miscellaneous. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Sub-Advisory Agreement.

IN WITNESS WHEREOF, the parties have caused their respective duly authorized officers to execute this Agreement as of the date first above written.

 

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SCHEDULE A

INVESTMENT SUB-ADVISORY FEES

 

Effective Date		Fund		Fees payable on assets of the Managed Portion
May 1, 2023		LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund		All assets		[REDACTED]
May 1, 2023		LVIP JPMorgan Retirement Income Fund		All assets		[REDACTED]
May 1, 2023		LVIP JPMorgan Core Bond Fund		All assets		[REDACTED]
May 1, 2023		LVIP JPMorgan Mid Cap Value Fund		All assets		[REDACTED]
May 1, 2023		LVIP JPMorgan Small Cap Core Fund		All assets		[REDACTED]
May 1, 2023		LVIP JPMorgan U.S. Equity Fund		First $500 Million Next $500 Million Above $1 Billion		[REDACTED] [REDACTED] [REDACTED]
May 1, 2025		LVIP JPMorgan Short Duration Bond Fund		First $500 Million: Over $500 Million:		[REDACTED] [REDACTED]

 

*	Investment Subadvisory fee not applicable – the Fund is a “fund of funds” that invests in underlying ▇.▇. ▇▇▇▇▇▇ Funds.

 

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