AMENDMENT TO SCHEDULE A AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

EX-28(h)(3)(a)

AMENDMENT TO

SCHEDULE A

AMENDED AND RESTATED

THIS AMENDED SCHEDULE A lists the Funds and the Expense Limitation Amounts which are established pursuant to the Amended and Restated Expense Limitation Agreement dated April 26, 2019.


LVIP FUND NAME	STANDARD CLASS EXPENSE LIMIT			SERVICE CLASS EXPENSE LIMIT			EFFECTIVE DATE		TERMINATION DATE
Lincoln iShares^® Fixed Income Allocation Fund		0.15	%		N/A			May 1, 2020		April 30, 2021
Lincoln iShares^® Global Growth Allocation Fund		0.20	%		N/A			May 1, 2020		April 30, 2021
Lincoln iShares^® U.S. Moderate Allocation Fund		0.19	%		N/A			May 1, 2020		April 30, 2021
LVIP American Century Select Mid Cap Value Managed Volatility Fund		0.895	%		1.245	%		May 1, 2020		April 30, 2021
LVIP Baron Growth Opportunities Fund		0.93	%		1.18	%		May 1, 2020		April 30, 2021
LVIP BlackRock Advantage Allocation Fund		0.73	%		0.98	%		May 1, 2020		April 30, 2021
LVIP BlackRock Dividend Value Managed Volatility Fund¹		0.675	%		0.925	%		May 1, 2020		November 22, 2021
LVIP BlackRock Global Allocation Fund		0.73	%		0.98	%		May 1, 2020		April 30, 2021
LVIP ClearBridge QS Select Large Cap Managed Volatility Fund²		0.675	%		1.025	%		May 1, 2020		May 25, 2021

Effective upon the reorganization of the LVIP Franklin Xxxxxxxxx Value Managed Volatility Fund into LVIP BlackRock Dividend Managed Volatility Fund (the “Fund”) on November 22, 2019, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.68% (for Standard class) and 0.93% (for Service class) until at least November 22, 2021. After November 22, 2021, LIAC may amend this expense limit only with the Board’s consent. Effective May 1, 2020, LIAC will reduce the Fund’s expense limit to 0.675% (for Standard class) and 0.925% (for Service Class) until at least November 22,2021.

Effective upon the reorganization of the LVIP ClearBridge Large Cap Managed Volatility Fund into LVIP ClearBridge QS Select Large Cap Managed Volatility Fund (the “Fund”) on May 24, 2019, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.68% (for Standard class) and 1.03% (for Service class) until at least May 25, 2021. Effective May 1, 2020, LIAC will reduce the Fund’s expense limit to 0.675% (for Standard class) and 1.025% (for Service class) until at least May 25, 2021.


LVIP FUND NAME	STANDARD CLASS EXPENSE LIMIT			SERVICE CLASS EXPENSE LIMIT			EFFECTIVE DATE		TERMINATION DATE
LVIP Delaware Diversified Income Fund		0.54	%		0.84	%		December 15, 2020		April 30, 2023
LVIP Delaware High Yield Fund		0.74	%		1.04	%		December 15, 2020		April 30, 2023
LVIP Delaware Limited-Term Diversified Income Fund		0.53	%		0.83	%		December 15, 2020		April 30, 2023
LVIP Delaware REIT Fund		0.83	%		1.13	%		December 15, 2020		April 30, 2023
LVIP Delaware XXXX Cap Core Fund		0.80	%		1.10	%		December 15, 2020		April 30, 2023
LVIP Delaware U.S. Growth Fund		0.73	%		1.03	%		December 15, 2020		April 30, 2023
LVIP Delaware Value Fund		0.69	%		0.99	%		December 15, 2020		April 30, 2023
LVIP Delaware Wealth Builder Fund		0.71	%		0.96	%		May 1, 2020		April 30, 2021
LVIP Dimensional International Core Equity Fund		0.64	%		0.89	%		March 4, 2020		April 30, 2021
LVIP Franklin Xxxxxxxxx Multi-Asset Opportunities Fund		0.42	%		0.67	%		May 1, 2020		April 30, 2021
LVIP Fidelity Institutional AM^® Select Core Equity Managed Volatility Fund		0.095	%		0.445	%		May 1, 2020		April 30, 2021
LVIP Global Aggressive Growth Allocation Managed Risk Fund		0.325	%		0.575	%		May 1, 2020		April 30, 2021
LVIP Invesco Select Equity Income Managed Volatility Fund3		0.565	%		0.915	%		May 1, 2020		May 24, 2021
LVIP JPMorgan Retirement Income Fund		0.507	%		0.757	%		May 1, 2020		April 30, 2021
LVIP Xxxxxx Xxxxxx Global Growth Fund		0.77	%		1.12	%		May 1, 2020		April 30, 2021
LVIP MFS International Equity Managed Volatility Fund		0.135	%		0.385	%		October 1, 2020		April 30, 2021

Effective upon the reorganization of the Invesco Diversified Equity-Income Managed Volatility Fund into the LVIP Invesco Select Equity Income Managed Volatility Fund (the “Fund”) on May 24, 2019, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.57% (for Standard class) and 0.92% (for Service class) until May 24, 2021. Effective May 1, 2020, LIAC will reduce the Fund’s expense limit to 0.565% (for Standard class) and 0.915% (for Service class) until at least May 24, 2021. After May 24, 2021, LIAC may amend this expense limit only with the Board’s consent.


LVIP FUND NAME	STANDARD CLASS EXPENSE LIMIT			SERVICE CLASS EXPENSE LIMIT			EFFECTIVE DATE		TERMINATION DATE
LVIP Multi-Manager Global Equity Managed Volatility Fund		0.21	%		0.56	%		May 1, 2020		April 30, 2021
LVIP PIMCO Low Duration Bond Fund		0.54	%		0.79	%		May 1, 2020		April 30, 2021
LVIP SSGA Conservative Index Allocation Fund		0.20	%		0.45	%		May 1, 2020		April 30, 2021
LVIP SSGA Emerging Markets Equity Index Fund		0.50	%		0.75	%		May 1, 2020		April 30, 2021
LVIP SSGA International Index Fund		0.40	%		0.65	%		May 1, 2020		April 30, 2021
LVIP SSGA International Managed Volatility Fund		0.245	%		0.495	%		May 1, 2020		April 30, 2021
LVIP SSGA Large Cap Managed Volatility Fund		0.245	%		0.495	%		May 1, 2020		April 30, 2021
LVIP SSGA Nasdaq-100 Index Fund		0.45	%		0.70	%		December 15, 2020		April 30, 2022
LVIP SSGA Short-Term Bond Index Fund		0.3625	%		0.6125	%		May 1, 2020		April 30, 2021
LVIP SSGA Nasdaq-100 Index Fund		0.45	%		0.70	%		October 1, 2021		April 30, 2022
LVIP SSGA XXXX Cap Managed Volatility Fund		0.245	%		0.495	%		May 1, 2020		April 30, 2021
XXXX X. Xxxx Price 2010 Fund		0.27	%		0.52	%		May 1, 2020		April 30, 2021
LVIP X. Xxxx Price 2020 Fund		0.24	%		0.49	%		May 1, 2020		April 30, 2021
LVIP X. Xxxx Price 2030 Fund		0.25	%		0.50	%		May 1, 2020		April 30, 2021
LVIP X. Xxxx Price 2040 Fund		0.26	%		0.51	%		May 1, 2020		April 30, 2021
LVIP X. Xxxx Price 2050 Fund		0.27	%		0.52	%		May 1, 2020		April 30, 2021
LVIP X. Xxxx Price 2060 Fund		0.27	%		0.52	%		May 1, 2020		April 30, 2021
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund		0.315	%		0.565	%		May 1, 2020		April 30, 2021

LVIP FUND NAME

STANDARD
CLASS
EXPENSE
LIMIT

SERVICE
CLASS
EXPENSE
LIMIT

EFFECTIVE DATE

TERMINATION
DATE

MASTER-FEEDER FUNDS

LVIP American Global Small Capitalization Fund

0.10

Service II
Class

%⁴

N/A

May 1, 2020

April 30, 2021

⁴	Applies only to “Other Expenses” as such term is used in the Fund’s prospectus.

The parties hereto have caused this SCHEDULE A to be signed by their duly authorized officers as of December 15, 2020 and effective in accordance with the dates noted above.


LINCOLN INVESTMENT ADVISORS CORPORATION		LINCOLN VARIABLE INSURANCE PRODUCTS TRUST, on behalf of each of its Funds listed on Schedule A

By:	/s/ Xxxxxx X. Xxxxxxxxxx	By:	/s/ Xxxxxxx X. Xxxxx, Xx.
Name: Xxxxxx X. Xxxxxxxxxx		Name: Xxxxxxx X. Xxxxx, Xx.
Title:	President	Title: Vice President & Chief Accounting Officer

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AMENDMENT TO SCHEDULE A AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

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