SUBADVISORY AGREEMENTSubadvisory Agreement • February 8th, 2008 • Nationwide Variable Insurance Trust • Delaware
THIS AGREEMENT is made and entered into as of May 1, 2007 by and among NATIONWIDE VARIABLE INSURANCE TRUST (formerly Gartmore Variable Insurance Trust) (the “Trust”), a Delaware statutory trust, NATIONWIDE FUND ADVISORS (formerly Gartmore Mutual Fund Capital Trust) (the “Adviser”), a Delaware statutory trust registered under the Investment Advisers Act of 1940 (the “Advisers Act”), and J.P. MORGAN INVESTMENT MANAGEMENT, INC., a Delaware corporation (the “Subadviser”), and also registered under the Advisers Act.
Nationwide Fund Advisors 1200 River Road, Suite 1000 Conshohocken, Pennsylvania 19428Nationwide Variable Insurance Trust • February 8th, 2008
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Advisors (the “Adviser”) agrees that, with respect to the NVIT Multi-Manager Small Cap Value Fund (the “Fund”), which is series of Nationwide Variable Insurance Trust, the Adviser shall waive a portion of its management fee in an amount equal to 0.03%, as a percentage of each Fund’s average daily net assets, on a temporary basis, from the date of this Agreement until performance of the Fund improves. The Adviser acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
Nationwide Fund Advisors 1200 River Road, Suite 1000 Conshohocken, Pennsylvania 19428Nationwide Variable Insurance Trust • February 8th, 2008
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Advisors (the “Adviser”) agrees that, with respect to the VanKampen NVIT Multi Sector Bond Fund (the “Fund”), which is series of Nationwide Variable Insurance Trust, the Adviser shall waive a portion of its management fee in an amount equal to 0.05%, as a percentage of each Fund’s average daily net assets, for the period of one year from the date of this Agreement. The Adviser acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
AMENDMENT TO SUBADVISORY AGREEMENTSubadvisory Agreement • February 8th, 2008 • Nationwide Variable Insurance Trust
WHEREAS, Nationwide Variable Insurance Trust (the “Trust”), Nationwide Fund Advisors (the “Adviser”) and J.P. Morgan Investment Management Inc. (the “Subadviser”) have entered into a Subadvisory Agreement dated May 1, 2007 (the “Agreement”);
