0001193125-09-237618 Sample Contracts

FOURTH AMENDMENT TO SUBADVISORY AGREEMENT
To Subadvisory Agreement • November 18th, 2009 • Virtus Opportunities Trust • New York

THIS AMENDMENT effective as of the 1st day of January, 2009 and dated July 15, 2009 amends that certain Subadvisory Agreement effective June 27, 2007, as amended on September 24, 2007, January 31, 2008 and December 19, 2008 (the “Agreement”), among Virtus Opportunities Trust (the “Fund”), a Delaware statutory trust on behalf of certain of its series (each a “Series”), Virtus Investment Advisers, Inc., a Massachusetts corporation (the “Adviser”) and Goodwin Capital Advisers, Inc., a New York corporation (the “Subadviser”) as follows:

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