0001382990-16-000031 Sample Contracts

ALPS VARIABLE INVESTMENT TRUST SUB-ADVISORY AGREEMENT ALPS/RED ROCKS LISTED PRIVATE EQUITY PORTFOLIO
Sub-Advisory Agreement • February 24th, 2016 • ALPS Variable Investment Trust • Colorado

AGREEMENT, dated as of July 31, 2015 by and among ALPS Advisors, Inc. (the “Investment Adviser”), a Colorado corporation having its principal place of business at 1290 Broadway, Suite 1100, Denver, Colorado, ALPS Variable Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of the portfolios listed in Appendix A hereto, as amended from time to time, each a series of the Trust (each, a “Portfolio” and collectively, the “Portfolios”), and Red Rocks Capital LLC, a Colorado limited liability company (the “Sub-Adviser”), having its principal place of business at 25188 Genesee Trail Road, Suite 250, Golden, Colorado 80401.

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