AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

AMENDMENT NO. 2

TO FOURTH AMENDED AND RESTATED

AGREEMENT AND DECLARATION OF TRUST OF

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

This Amendment No. 2 (the “Amendment”) to the Fourth Amended and Restated Agreement and Declaration of Trust of AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (the “Trust”) amends, effective, January 16, 2019, the Fourth Amended and Restated Agreement and Declaration of Trust of the Trust dated as of April 11, 2017, as amended (the “Agreement”).

Under Section 9.7 of the Agreement, this Amendment may be executed by a duly authorized officer of the Trust.

WHEREAS, the Trust desires to amend the Agreement to add the following series portfolios – Invesco Oppenheimer V.I. Capital Appreciation Fund, Invesco Oppenheimer V.I. Conservative Balanced Fund, Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund, Invesco Oppenheimer V.I. Global Fund, Invesco Oppenheimer V.I. Global Multi-Alternatives Fund, Invesco Oppenheimer V.I. Global Strategic Income Fund, Invesco Oppenheimer V.I. Government Money Fund, Invesco Oppenheimer V.I. International Growth Fund, Invesco Oppenheimer V.I. Main Street Fund®, Invesco Oppenheimer V.I. Main Street Small Cap Fund®, and Invesco Oppenheimer V.I. Total Return Bond Fund (collectively, the “Funds”);

WHEREAS, each of the Funds will have multiple share classes, each of which will be reflected on Schedule A, as amended hereby;

NOW, THEREFORE, the Agreement is hereby amended as follows:

1. Schedule A of the Agreement is hereby amended and restated to read in its entirety as set forth on Exhibit 1 to this Amendment.

2. All references in the Agreement to “this Agreement” shall mean the Agreement as amended by this Amendment.

3. Except as specifically amended by this Amendment, the Agreement is hereby confirmed and remains in full force and effect.

IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Trust, has executed this Amendment as of October 23, 2018.

By: /s/ Xxxxxxx X. Xxxxx

Names: Xxxxxxx X. Xxxxx

Title: Senior Vice President

EXHIBIT 1

“SCHEDULE A

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

PORTFOLIOS AND CLASSES THEREOF

PORTFOLIO		CLASSES OF EACH PORTFOLIO
Invesco V.I. American Franchise Fund		Series I Shares Series II Shares
Invesco V.I. American Value Fund		Series I Shares Series II Shares
Invesco V.I. Balanced-Risk Allocation Fund		Series I Shares Series II Shares
Invesco V.I. Xxxxxxxx Fund		Series I Shares Series II Shares
Invesco V.I. Core Equity Fund		Series I Shares Series II Shares
Invesco V.I. Core Plus Bond Fund		Series I Shares Series II Shares
Invesco V.I. Diversified Dividend Fund		Series I Shares Series II Shares
Invesco V.I. Equity and Income Fund		Series I Shares Series II Shares
Invesco V.I. Equally-Weighted S&P 500 Fund		Series I Shares Series II Shares
Invesco V.I. Global Core Equity Fund		Series I Shares Series II Shares
Invesco V.I. Health Care Fund		Series I Shares Series II Shares
Invesco V.I. Global Real Estate Fund		Series I Shares Series II Shares
Invesco V.I. Government Money Market Fund		Series I Shares Series II Shares
Invesco V.I. Government Securities Fund		Series I Shares Series II Shares
Invesco V.I. Growth and Income Fund		Series I Shares Series II Shares
Invesco V.I. High Yield Fund		Series I Shares Series II Shares

PORTFOLIO		CLASSES OF EACH PORTFOLIO
Invesco V.I. International Growth Fund		Series I Shares Series II Shares
Invesco V.I. Managed Volatility Fund		Series I Shares Series II Shares
Invesco V.I. Mid Cap Core Equity Fund		Series I Shares Series II Shares
Invesco V.I. Mid Cap Growth Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Capital Appreciation Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Conservative Balanced Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Global Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Global Multi-Alternatives Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Global Strategic Income Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Government Money Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. International Growth Fund		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Main Street Fund®		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Main Street Small Cap Fund®		Series I Shares Series II Shares
Invesco Oppenheimer V.I. Total Return Bond Fund		Series I Shares Series II Shares
Invesco V.I. S&P 500 Index Fund		Series I Shares Series II Shares
Invesco V.I. Small Cap Equity Fund		Series I Shares Series II Shares
Invesco V.I. Technology Fund		Series I Shares Series II Shares

PORTFOLIO		CLASSES OF EACH PORTFOLIO
Invesco V.I. Value Opportunities Fund		Series I Shares Series II Shares”