0001193125-21-139120 Sample Contracts

INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT
Fee Reduction Agreement • April 29th, 2021 • Ivy Variable Insurance Portfolios

THIS INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT, effective as of May 1, 2021, is made by and between Ivy Investment Management Company (“IICO”) and Ivy Variable Insurance Portfolios (the “Trust”), a Delaware statutory trust, on behalf of its series designated Ivy VIP Securian Real Estate Securities (the “Fund”).

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EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • April 29th, 2021 • Ivy Variable Insurance Portfolios

THIS EXPENSE REIMBURSEMENT AGREEMENT is made by and among Ivy Distributors, Inc. (“IDI”), Waddell & Reed Services Company, doing business as WI Services Company (“WISC”), and Ivy Variable Insurance Portfolios (the “Trust”), on behalf of the series indicated in Appendix A hereto (each, a “Portfolio,” and, collectively, the “Portfolios”).

INVESTMENT SUBADVISORY FEE REDUCTION AGREEMENT
Investment Subadvisory Fee Reduction Agreement • April 29th, 2021 • Ivy Variable Insurance Portfolios

THIS INVESTMENT SUBADVISORY FEE REDUCTION AGREEMENT, effective as of May 1, 2021, is made by and between Ivy Investment Management Company (“Adviser”) and Securian Asset Management, Inc. (the “Sub-Adviser”).

EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • April 29th, 2021 • Ivy Variable Insurance Portfolios

THIS EXPENSE REIMBURSEMENT AGREEMENT is made by and among Ivy Investment Management Company (“IICO”), Ivy Distributors, Inc. (“IDI”), Waddell & Reed Services Company, doing business as WI Services Company (“WISC”), and Ivy Variable Insurance Portfolios (the “Trust”) on behalf of each series of the Trust set forth below (each a “Portfolio” and collectively, the “Portfolios”).

INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT
Fee Reduction Agreement • April 29th, 2021 • Ivy Variable Insurance Portfolios

THIS INVESTMENT MANAGEMENT FEE REDUCTION AGREEMENT, effective as of May 1, 2021, is made by and between Ivy Investment Management Company (“IICO”) and Ivy Variable Insurance Portfolios (the “Trust”), a Delaware statutory trust, on behalf of its series designated Ivy VIP Asset Strategy (the “Fund”).

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