AMENDMENT TO SUB-SUB-INVESTMENT ADVISORY AGREEMENT Between DELAWARE INVESTMENTS FUND ADVISERS, a series of Macquarie Investment Management Business Trust and MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED

EX-28(d)(5)(c)(ii)

AMENDMENT TO SUB-SUB-INVESTMENT ADVISORY AGREEMENT

Between

DELAWARE INVESTMENTS FUND ADVISERS,

a series of Macquarie Investment Management Business Trust and

MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED

This Amendment (the “Amendment”), made as of this 1st day of May, 2021, by and between DELAWARE INVESTMENTS FUND ADVISERS, a series of Macquarie Investment Management Business Trust (the “Sub-Advisor”), organized and existing under the laws of Delaware, and MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED, a company organized under the laws of Australia (the “Sub-Sub-Advisor”).

WITNESSETH:

WHEREAS, Sub-Advisor and the Sub-Sub-Advisor (collectively, the “parties”) have entered into a Sub-Sub-Investment Advisory Agreement dated April 30, 2019, as amended, (the “Agreement”); and

WHEREAS, in accordance with Section 11 of said Agreement, the Agreement may be changed, waived, discharged or terminated by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought; and

WHEREAS, the parties desire to amend Schedule A of the Agreement in regard to the fees of the Sub-Sub-Advisor for each Fund noted therein; and

WHEREAS, the parties desire to memorialize the Amendment to the Agreement.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending to be legally bound, the Agreement shall be and is hereby amended as follows:

1. Section 6 of the Agreement is hereby deleted and replaced with the new Section 6 below:

6.         Compensation. For that portion of the Fund for which Sub-Sub-Advisor acts as sub-sub-advisor, Sub-Advisor agrees to pay to Sub-Sub-Advisor and Sub-Sub-Advisor agrees to accept as full compensation for all services rendered by Sub-Sub-Advisor as such a monthly fee in arrears at an annual rate equal to the percentage of the average daily value of the net assets of each Fund for which Sub-Sub-Advisor provides services under this Agreement as detailed in Appendix A. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. Such compensation percentage may change at any time based upon written revisions or supplements to this Section 6 or Appendix A.

2. Schedule A of the Agreement is hereby deleted and replaced with the new Schedule A attached hereto.

3.         Except as provided herein, all other provisions of the Agreement, as amended, including the exhibits thereto, will remain in full force and effect as set forth therein. All terms used but not otherwise defined herein shall have the meanings given to them in the Agreement.

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date set forth above.

MACQUARIE INVESTMENT						DELAWARE INVESTMENTS FUND
MANAGEMENT GLOBAL LIMITED						ADVISERS, a series of Macquarie Investment Management Business Trust
By:		/s/ Xxxx Xxxxxxxx        /s/ Hassan Salem				By:		/s/ Xxxxx Early
Name:		Xxxx Xxxxxxxx            Hassan Salem				Name:		Xxxxx Early
Title:		Attorney                       Attorney				Title:		Executive Vice President
307/21

Acknowledged by

LINCOLN INVESTMENT

ADVISORS CORPORATION

By:		/s/ Xxxxxx Xxxxxxxxxx
Name:		Xxxxxx Xxxxxxxxxx
Title:		President

Schedule A

Fee Schedule

Sub-Advisor agrees to pay to Sub-Sub-Advisor a monthly fee in arrears at an annual rate equal to the percentage of the average daily value of the net assets of each Fund for which Sub-Sub-Advisor provides services under this Agreement as noted below:

Effective Date		Fund		Fee
April 30, 2019		LVIP Delaware Diversified Floating Rate Fund		See below*
April 30, 2019		LVIP Delaware Bond Fund		See below*
October 2, 2020		LVIP Delaware Wealth Builder Fund		0.15% for equity portion of Fund & see below* for fixed income portion of Fund
April 30, 2019		LVIP Delaware Social Awareness Fund		0.00%
April 30, 2019		LVIP Delaware Mid Cap Value Fund		0.00%
May 1, 2021		LVIP Delaware REIT Fund		0.30%
May 1, 2021		LVIP Delaware US Growth Fund		0.20%
May 1, 2021		LVIP Delaware Diversified Income Fund		See below*
May 1, 2021		LVIP Delaware High Yield Fund		See below*
May 1, 2021		LVIP Delaware Limited-Term Diversified Income Fund		See below*
May 1, 2021		LVIP Delaware XXXX Cap Core Fund		0.00%
May 1, 2021		LVIP Delaware Value Fund		0.00%

* For the Fund’s fixed income assets denominated in Australian dollars and New Zealand dollars and any other fixed income assets managed by the Sub-Sub-Advisor, the Sub-Sub-Advisor shall receive 25% of the Sub-Advisor’s retained sub-advisory fee (expressed in dollars) x the percentage of Sub-Advisor’s Fund assets in such currency or managed by the Sub-Sub-Advisor.

The compensation payable to the Sub-Sub-Advisor, along with the compensation paid any other affiliated sub-sub-advisor providing fixed income investment management and trading services to the applicable Fund, shall not exceed 25% of the Sub-Advisor’s retained sub-advisory fee related to the Fund’s fixed income assets and payable from the Fund’s Adviser under its sub-advisory agreement.