OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • April 25th, 2019 • Third Avenue Variable Series Trust • Delaware
THIS OPERATING EXPENSES LIMITATION AGREEMENT (this "Agreement") is made as of May 1, 2019, by and between Third Avenue Variable Series Trust (the "Trust"), on behalf of the Third Avenue Value Portfolio (the "Portfolio"), and Third Avenue Management LLC, the Portfolio’s investment adviser (the "Adviser").
