0001387131-19-002299 Sample Contracts

ALPS VARIABLE INVESTMENT TRUST SUB-ADVISORY AGREEMENT ALPS/STADION TACTICAL GROWTH PORTFOLIO ALPS/STADION CORE ETF PORTFOLIO
Sub-Advisory Agreement • March 29th, 2019 • ALPS Variable Investment Trust • Colorado

AGREEMENT, dated as of May 31, 2018 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 Stadion Money Management, LLC, a Delaware limited liability company (the “Sub-Adviser”), having its principal place of business at 1061 Cliff Dawson Road, Watkinsville, Georgia.

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INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • March 29th, 2019 • ALPS Variable Investment Trust • Delaware

AGREEMENT made as of this 31 day of May, 2018 by and among ALPS Advisors, Inc. (the “Adviser”), Morningstar Investment Management LLC (the “Sub-Adviser”), and ALPS Variable Investment Trust (the “Trust”).

DISTRIBUTION AGREEMENT
Distribution Agreement • March 29th, 2019 • ALPS Variable Investment Trust • Colorado

THIS AGREEMENT (the “Agreement”) is made as of April 16, 2018, between ALPS Variable Investment Trust, a Delaware statutory trust (the “Trust”), and ALPS Portfolio Solutions Distributor, Inc., a Colorado corporation (“ALPS”).

ALPS VARIABLE INVESTMENT TRUST 485BPOS
ALPS Variable Investment Trust • March 29th, 2019
ALPS VARIABLE INVESTMENT TRUST 485BPOS
ALPS Variable Investment Trust • March 29th, 2019
ALPS VARIABLE INVESTMENT TRUST INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • March 29th, 2019 • ALPS Variable Investment Trust • Colorado

This Investment Advisory Agreement (the “Agreement”) is made and entered into as of this 31 day of May, 2018, by and between ALPS Advisors, Inc., a Colorado corporation (the “Adviser”), and ALPS Variable Investment Trust, a Delaware statutory trust (the “Trust”), regarding the Portfolio(s) listed in Appendix A (the “Portfolios”).

ALPS VARIABLE INVESTMENT TRUST 485BPOS
ALPS Variable Investment Trust • March 29th, 2019
ALPS ADVISORS, INC.
ALPS Variable Investment Trust • March 29th, 2019

This letter confirms the agreement by ALPS Advisors, Inc. (the “Adviser”) with the Trust to contractually limit the total amount of the “Management Fees” and “Other Expenses” that it is entitled to receive from the Portfolio. To the extent the Total Annual Fund Operating Expenses (as defined in Item 3 to Form N-1A, exclusive of distribution and service (12b-1) fees, shareholder services fees, acquired fund fees and expenses, brokerage commissions, taxes and extraordinary expenses) exceed 0.80% for each of the Class I and III shares of the Portfolio, the Adviser will reduce the fee payable with respect to the Portfolio to the extent of such excess and/or shall reimburse the Portfolio (or Class as applicable) by the amount of such excess. The waiver or reimbursement shall be allocated to each Class of the Portfolio in the same manner as the underlying expenses or fees were allocated.

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