AMENDMENT NO. 8 TO MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS

AMENDMENT NO. 8

TO

MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS

     This Amendment dated July 16, 2012, amends the Master Intergroup Sub-Advisory Contract for Mutual Funds (the “Contract”), dated May 1, 2008, between Invesco Advisers, Inc. (the “Adviser”), on behalf of AIM Variable Insurance Funds (Invesco Variable Insurance Funds), and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Australia Limited, Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. (each a “Sub-Adviser” and, collectively, the “Sub-Advisers”).

W I T N E S S E T H:

     WHEREAS, the parties desire to (i) remove Invesco V.I. Leisure Fund, Invesco V.I. Capital Appreciation Fund and Invesco V.I. Capital Development Fund; and (ii) change the name of the following series portfolios: Invesco V.I. Basic Value Fund to Invesco Xxx Xxxxxx V.I. Value Opportunities Fund, Invesco V.I. Dividend Growth Fund to Invesco V.I. Diversified Dividend Fund, Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund to Invesco V.I. Equally Weighted S&P 500 Fund, Invesco Xxx Xxxxxx V.I. Global Value Equity Fund to Invesco V.I. Global Core Equity Fund, Invesco Xxx Xxxxxx V.I. Capital Growth Fund to Invesco Xxx Xxxxxx V.I. American Franchise Fund and Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund to Invesco Xxx Xxxxxx V.I. American Value Fund;

NOW, THEREFORE, the parties agree that;

1. Exhibit A to the Contract is hereby deleted in its entirety and replaced with the following:

“EXHIBIT A

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

Xxxxxxx Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Invesco Xxx Xxxxxx V.I. Global Core Equity Fund
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Invesco Xxx Xxxxxx V.I. Value Opportunities Fund”

	2.		All other terms and provisions of the Contract not amended shall remain in full force and effect.
			IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written.

		INVESCO ADVISERS, INC.
		Adviser
		By:		/s/ Xxxx X. Xxxx
		Name:		Xxxx X. Xxxx
		Title:		Senior Vice President

		INVESCO CANADA LTD.
		Sub-Adviser
		By:		/s/ Xxxxx Xxxxxx
		Name:		Xxxxx Xxxxxx
		Title:		SVP Fund Admin
		By:		/s/ Xxxxx Xxxxxxxx
		Name:		Xxxxx Xxxxxxxx
		Title:		SVP Product

3

		INVESCO ASSET MANAGEMENT DEUTSCHLAND GMBH
		Sub-Adviser
		By:		/s/ X. Xxxxxx
		Name:		X. Xxxxxx
		Title:		Managing Director
		By:		/s/ X. Xxxxxxxxx
		Name:		X. Xxxxxxxxx
		Title:		Managing Director

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		INVESCO ASSET MANAGEMENT LIMITED
		Sub-Adviser
		By:		/s/ X. Xxxxxxxxx
		Name:		X. XxXxxxxxx
		Title:		Director

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INVESCO ASSET MANAGEMENT (JAPAN) LTD.

Sub-Adviser

By:

Name:

Title:

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		INVESCO AUSTRALIA LIMITED
		Sub-Adviser
		By:		/s/ Xxxx Xxxxxxx
		Name:		Xxxx Xxxxxxx
		Title:		Company Secretary
		By:		/s/ Xxxx Xxxxxxx
		Name:		Xxxx Xxxxxxx
		Title:		Director

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		INVESCO HONG KONG LIMITED
		Sub-Adviser
		By:		/s/ Xxxxx Xxx
		Name:		Xxxxx Xxx
		Title:		Director
		By:		/s/ Xxxxxx Xxx
		Name:		Xxxxxx Xxx
		Title:		Director

8

		INVESCO SENIOR SECURED MANAGEMENT, INC.
		Sub-Adviser
		By:		/s/ Xxxxxxx X. Xxxxx
		Name:		Xxxxxxx X, Kupor
		Title:		Secretary & General Counsel

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