0001193125-15-155996 Sample Contracts

INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT
Investment Management Fee Reduction Agreement • April 29th, 2015 • Ivy Funds Variable Insurance Portfolios

INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT, effective as of May 1, 2015, by and between Waddell & Reed Investment Management Company (“WRIMCO”) and Ivy Funds Variable Insurance Portfolios (the “Trust”), a Delaware statutory trust, on behalf of its series designated Ivy Funds VIP Real Estate Securities (the “Fund”).

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INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT
Investment Management Fee Reduction Agreement • April 29th, 2015 • Ivy Funds Variable Insurance Portfolios

INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT, effective as of May 1, 2015 by and between Waddell & Reed Investment Management Company (“Adviser”) and Advantus Capital Management, Inc. (the “Sub-Adviser”).

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