AMENDMENT NO. 21 TO FIRST AMENDED AND RESTATED MASTER DISTRIBUTION AGREEMENT

AMENDMENT NO. 21

TO

FIRST AMENDED AND RESTATED

MASTER DISTRIBUTION AGREEMENT

This Amendment (the “Amendment”) dated April 29, 2013, amends The First Amended and Restated Master Distribution Agreement (the “Agreement”), dated as of July 16, 2001, by and between AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware statutory trust and Invesco Distributors, Inc., a Delaware corporation.

WHEREAS, the parties desire to amend the Agreement to change the names of Invesco Xxx Xxxxxx V.I. American Franchise Fund to Invesco V.I. American Franchise Fund, Invesco Xxx Xxxxxx V.I. American Value Fund to Invesco V.I. American Value Fund, Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund to Invesco V.I. Xxxxxxxx Fund, Invesco Xxx Xxxxxx V.I. Equity and Income Fund to Invesco V.I. Equity and Income Fund, Invesco Xxx Xxxxxx V.I. Growth and Income Fund to Invesco V.I. Growth and Income Fund, Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund to Invesco V.I. Mid Cap Growth Fund and Invesco Xxx Xxxxxx V.I. Value Opportunities Fund to Invesco V.I. Value Opportunities Fund;

Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following:

“APPENDIX A

TO

FIRST AMENDED AND RESTATED

MASTER DISTRIBUTION AGREEMENT

OF

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

SERIES I SHARES		SERIES II SHARES
Invesco V.I. Balanced-Risk Allocation Fund		Invesco V.I. Balanced-Risk Allocation Fund
Invesco V.I. Value Opportunities Fund		Invesco V.I. Value Opportunities Fund
Invesco V.I. Core Equity Fund		Invesco V.I. Core Equity Fund
Invesco V.I. Diversified Income Fund		Invesco V.I. Diversified Income Fund
Invesco V.I. Global Health Care Fund		Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund		Invesco V.I. Global Real Estate Fund
Invesco V.I. Government Securities Fund		Invesco V.I. Government Securities Fund
Invesco V.I. High Yield Fund		Invesco V.I. High Yield Fund
Invesco V.I. International Growth Fund		Invesco V.I. International Growth Fund
Invesco V.I. Mid Cap Core Equity Fund		Invesco V.I. Mid Cap Core Equity Fund
Invesco V.I. Money Market Fund		Invesco V.I. Money Market Fund
Invesco V.I. Small Cap Equity Fund		Invesco V.I. Small Cap Equity Fund
Invesco V.I. Technology Fund		Invesco V.I. Technology Fund
Invesco V.I. Utilities Fund		Invesco V.I. Utilities Fund
Invesco V.I. Diversified Dividend Fund		Invesco V.I. Dividend Growth Fund
Invesco V.I. High Yield Securities Fund		Invesco V.I. High Yield Securities Fund
Invesco V.I. S&P 500 Index Fund		Invesco V.I. S&P 500 Index Fund
Invesco V.I. Equally Weighted S&P 500 Fund		Invesco V.I. Equally Weighted S&P 500 Fund
Invesco V.I. American Franchise Fund		Invesco V.I. American Franchise Fund
Invesco V.I. Xxxxxxxx Fund		Invesco V.I. Xxxxxxxx Fund
Invesco V.I. Equity and Income Fund		Invesco V.I. Equity and Income Fund
Invesco V.I. Global Core Equity Fund		Invesco V.I. Global Core Equity Fund
Invesco V.I. Growth and Income Fund		Invesco V.I. Growth and Income Fund
Invesco V.I. Mid Cap Growth Fund		Invesco V.I. Mid Cap Growth Fund
Invesco V.I. American Value Fund		Invesco V.I. American Value Fund”

All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

								AIM VARIABLE INSURANCE FUNDS
								(INVESCO VARIABLE INSURANCE FUNDS)
Attest:		/s/ Xxxxx Xxxxxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
								INVESCO DISTRIBUTORS, INC.
Attest:		/s/ Xxxxx Xxxxxxxx				By:		/s/ Gursh Kundan
		Assistant Secretary						Gursh Kundan
								Executive Vice President

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