0001104659-09-022498 Sample Contracts

FOREIGN CUSTODY MANAGER AGREEMENT
Foreign Custody Manager Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • New York

AGREEMENT made as of May 1, 2008 between ALPS Variable Insurance Trust on behalf of each fund listed on Schedule I hereto as such Schedule may be amended from time to time by The Bank of New York (“BNY”) (each hereinafter the “Fund”).

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TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • Colorado

This Transfer Agency and Services Agreement (the “Agreement”) made this 1st day of April, 2008, between ALPS Variable Insurance Trust, a Delaware statutory trust (the “Trust”) and ALPS Fund Services, Inc., a Colorado corporation having its principal office at 1290 Broadway, Suite 1100, Denver, Colorado 80203 (the “Transfer Agent”).

CUSTODY AGREEMENT
Custody Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • New York

AGREEMENT, dated as of May 1, 2008, between ALPS Variable Insurance Trust, a statutory trust organized and existing under the laws of the State of Delaware, having its principal office and place of business at 1290 Broadway, Suite 1100, Denver, Colorado 80203 (the “Fund”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian”).

FUND ACCOUNTING AND ADMINISTRATION AGREEMENT
Fund Accounting and Administration Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • Colorado

This Fund Accounting and Administration Agreement (the “Agreement”) made this 1st day of April, 2008, between ALPS Variable Insurance Trust, a Delaware statutory trust (the “Trust”), and ALPS Fund Services, Inc., a Colorado corporation (“ALPS”).

DISTRIBUTION AGREEMENT
Distribution Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • Colorado

AGREEMENT dated as of May 1, 2008, between ALPS Variable Insurance Trust (the “Trust”), an open-end, management investment company organized as a trust under the laws of the State of Delaware, having its principal place of business at 1290 Broadway, Suite 1100, Denver, CO 80203, and ALPS Distributors, Inc., a Colorado corporation and a registered broker-dealer under the Securities Exchange Act of 1934, having its principal place of business at 1290 Broadway, Suite 1100, Denver, Colorado 80203 (the “Distributor”).

LISTED PRIVATE EQUITY PORTFOLIO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
Investment Advisory and Management Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • Delaware

This Investment Advisory and Management Agreement (the “Agreement”) is made and entered into as of April 1, 2008, between ALPS Variable Insurance Trust, an open-end series management investment company organized as a Delaware statutory trust (the “Trust”), on behalf of the Listed Private Equity Portfolio (the “Portfolio”), a series of the Trust, and ALPS Advisers, Inc., a corporation organized under the laws of the State of Colorado (the “Adviser”).

SHARE PURCHASE AGREEMENT ALPS VARIABLE INSURANCE TRUST On behalf of its series, AVS Listed Private Equity Portfolio (the “Portfolio”)
Share Purchase Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust

This Agreement is made effective as of the 9th day of April, 2008 between ALPS Fund Services, Inc., a Colorado corporation (“ALPS”), and ALPS Variable Insurance Trust, a Delaware statutory trust (the “Trust”), on behalf of the Portfolio.

INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • April 3rd, 2009 • ALPS Variable Insurance Trust • Delaware

This Investment Subadvisory Agreement (the “Agreement”) is made as of this 1st day of April, 2008 by and among ALPS Advisers, Inc. (the “Adviser”), Red Rocks Capital LLC (the “Sub-Adviser”), and ALPS Variable Insurance Trust (the “Trust”).

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