EXHIBIT 23(d)(7)(b)
FORM OF
AMENDMENT TO SCHEDULE A OF
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SUB-ADVISORY AGREEMENT
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LINCOLN VARIABLE INSURANCE PRODUCT TRUST
THIS AMENDMENT TO SCHEDULE A, made this 9th day of March, 2010, is
between Lincoln Investment Advisors Corporation, a Tennessee corporation
("Lincoln Investment Advisors") and Delaware Management Company, a series of
Delaware Management Business Trust, a Delaware statutory trust (Delaware).
RECITALS
1. Lincoln Investment Advisors currently serves as investment adviser
to the Lincoln Variable Insurance Products Trust (the "Trust");
2. Lincoln Investment Advisors has contracted with Delaware to serve as
sub-adviser to the LVIP Money Market Fund (the "Fund") pursuant to a
Sub-Advisory Agreement dated January 4, 2010;
3. Delaware and Lincoln Investment Advisors have agreed to reduce the
sub-advisory fee on the Fund.
REPRESENTATIONS
A. Delaware represents that it will not reduce the quality or quantity
of its services to the Fund under the Agreement as a result of the reduced fee
schedule contained in this Amendment, however Delaware makes no representation
or warranty, express or implied, that any level of performance or investment
results will be achieved by the Fund or that the Fund will perform comparably
with any standard or index, including other clients of Delaware.
X. Xxxxxxx Investment Advisors represents and warrants that: (i) it
will not reduce the quality or quantity of its services to the Fund under the
Agreement as a result of the reduced fee schedule contained in this Amendment;
and (ii) approval of this revised fee schedule has been obtained from the
Trust's Board of Trustees at an in-person meeting held March 9, 2010.
AMENDMENT
Now therefore, for good and valuable consideration, receipt whereof is
hereby acknowledged, the parties agree as follows:
1. The Recitals are incorporated herein and made a part hereof.
2. The Representations made herein are incorporated and made a
part hereof.
3. Schedule A shall be deleted and replaced with the attached amended
Schedule A effective March 9, 2010, to reflect a reduction in the sub-advisory
fee for the Fund paid by Lincoln Investment Advisors to Delaware.
4. The Agreement, as amended by This Amendment, is ratified and
confirmed.
5. This Amendment may be executed in two or more counterparts
which together shall constitute one instrument.
LINCOLN INVESTMENT ADVISORS
CORPORATION
Attest: By:
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Name: Name:
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Title: Title:
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DELAWARE MANAGEMENT COMPANY
Attest: By:
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Name: Title:
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Name: Title:
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