American Century Variable Portfolios, Inc. AMENDMENT NO. 4 TO MANAGEMENT AGREEMENT

American Century Variable Portfolios, Inc.

AMENDMENT NO. 4 TO MANAGEMENT AGREEMENT

THIS AMENDMENT NO. 4 TO MANAGEMENT AGREEMENT (“Agreement”) is effective as of the 25th day of September, 2020, by and between AMERICAN CENTURY VARIABLE PORTFOLIOS, INC., a Maryland corporation (hereinafter called the “Company”), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation (hereinafter called the “Investment Manager”).

    WHEREAS, the Corporation and the Investment Manager are parties to a certain Management Agreement effective as of July 16, 2010, and amended effective as of March 31, 2014, May 1, 2016 and September 22, 2017 (“Agreement”); and

WHEREAS, the parties hereto desire to enter into this Amendment to reflect the name change of VP Income & Growth Fund to VP Disciplined Core Value Fund.

THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties agree as follows:

1.    Amendment of Schedule A. Schedule A to the Agreement is hereby amended by deleting it in its entirety and inserting in lieu therefor the Schedule A attached hereto.

2.    Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.

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 Agreement shall remain unamended and shall continue to be in full force and effect.

[Remainder of page intentionally left blank; signature page to follow.]

American Century Variable Portfolios, Inc.

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective duly authorized officers to be effective as of the day and year first above written.

American Century Investment Management, Inc.			American Century Variable Portfolios, Inc.
/s/ Xxxx X. Xxxxx			/s/ Xxxxxxx X. Xxxxxxxxxxx
Xxxx X. Xxxxx			Xxxxxxx X. Xxxxxxxxxxx
Vice President			Senior Vice President

Page 2

American Century Variable Portfolios, Inc.    Schedule A: Fee Schedules

Schedule A

Fee Schedules

Series			Investment Strategy Assets			Fee Schedule by Class
						I						II			Y
VP Ultra Fund			First $500 million			1.000%						0.900%			n/a
			Next $500 million			0.950%						0.850%			n/a
			Over $1 billion			0.900%						0.800%			n/a
VP Capital Appreciation Fund			First $500 million			1.000%						0.900%			0.650%
			Next $500 million			0.950%						0.850%			0.600%
			Over $1 billion			0.900%						0.800%			0.550%
VP Mid Cap Value Fund			All Assets			1.000%						0.900%			n/a
VP Balanced Fund			First $250 million			0.900%						0.900%			n/a
			Next $250 million			0.850%						0.850%			n/a
			Over $500 million			0.800%						0.800%			n/a
VP Large Company Value Fund			First $1 billion			0.900%						0.800%			n/a
			Next $4 billion			0.800%						0.700%			n/a
			Over $5 billion			0.700%						0.600%			n/a
VP Value Fund			First $500 million			1.000%						0.900%			n/a
			Next $500 million			0.950%						0.850%			n/a
			Over $1 billion			0.900%						0.800%			n/a
VP Disciplined Core Value Fund			First $5 billion			0.700%						0.700%			n/a
			Over $5 billion			0.650%						0.650%			n/a
VP International Fund			First $250 million			1.500%			1.400%						n/a
			Next $250 million			1.200%			1.100%						n/a
			Next $500 million			1.100%			1.000%						n/a
			Over $1 billion			1.000%			0.900%						n/a

J:\LG\ACVP\Management Agreements\ACVP ACIM Mgmt Agmt Amendment No. 4 July 2010 9-2020.docx    Page A-1