AMENDMENT TO SUB-ADVISORY AGREEMENT

AMENDMENT TO

SUB-ADVISORY AGREEMENT

THIS AMENDMENT TO THE SUB-ADVISORY AGREEMENT, made this 19 day of April, 2017 (the “Amendment”), is between Lincoln Investment Advisors Corporation, a Tennessee corporation (“LIAC”) and XXXXXXX XXXXX ASSET MANAGEMENT, L.P., a Delaware limited partnership (“Goldman”).

Recitals

1. LIAC currently serves as investment adviser to the Lincoln Variable Insurance Products Trust (the “Trust”);

2. Goldman currently subadvises a series of LVIP pursuant to a written subadvisory agreement dated April 30, 2014 (the “Agreement”),

3. LIAC wishes to appoint Goldman to serve as sub-adviser to the LVIP Blended Large Cap Growth Managed Volatility Fund (the “Fund”), a series of the Trust, and Goldman and LIAC desire to amend the fee schedule (“Schedule A”) to the Agreement to add the Fund;

Representations

1. LIAC represents and warrants that approval of this amendment has been obtained from the Trust’s Board of Trustees at an in-person meeting held March 6, 2017.

Amendment

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1. The Recitals are incorporated herein and made a part of the Agreement.

2. The Representations are incorporated and made a part of the Agreement.

3. Schedule A shall be deleted and replaced with the attached amended Schedule A effective as of the date hereof, to reflect the addition of the Fund to the Agreement.

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

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5. This Amendment may be executed in two or more counterparts which together shall constitute one instrument.

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

LINCOLN INVESTMENT ADVISORS CORPORATION				XXXXXXX SACHS ASSET MANAGEMENT, L.P.
By:		/s/ Xxxxxx X. Xxxxxxxxxx		By:		/s/ Xxxx Xxxx
Name: Xxxxxx X. Xxxxxxxxxx				Name: Xxxx Xxxx
Title: President				Title: Managing Director
Accepted and agreed to as of the day and year first above written:
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST, On behalf of the Fund(s) on Schedule A
By:		/s/ Xxxxxx X. Xxxxxxxxxx
Name: Xxxxxx X. Xxxxxxxxxx
Title: President

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SCHEDULE A

Fee Schedule

The Adviser shall pay to the Sub-Adviser compensation for services rendered to the Managed Portion at an annual rate as follows:

[REDACTED]

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