FUND ACCOUNTING AND FINANCIAL ADMINISTRATION AGREEMENT

This Fund Accounting and Financial Administration Agreement (“Agreement”) dated June 19, 2018 and effective as set forth in Section 14 below, is by and between State Street Bank and Trust Company, a Massachusetts trust company (the “Administrator”), and Lincoln Variable Insurance Products Trust, a Delaware statutory trust (the “Trust”).

WHEREAS, the Trust is an open-end management investment company currently comprised of multiple series (each, a “Fund” and collectively, the “Funds”), and is registered with the U.S. Securities and Exchange Commission (“SEC”) by means of a registration statement (“Registration Statement”) under the Securities Act of 1933, as amended (“1933 Act”), and the Investment Company Act of 1940, as amended (the “1940 Act”); and

WHEREAS, the Trust desires to retain the Administrator to furnish certain administrative services to the Trust, and the Administrator is willing to furnish such services, on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows:

1. APPOINTMENT OF ADMINISTRATOR

The Trust hereby appoints the Administrator to act as administrator to the Trust for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Administrator accepts such appointment and agrees to render the services stated herein.

The Trust currently consists of the Fund(s) and their respective classes of shares (“Portfolios”) as listed in Schedule A to this Agreement. In the event that the Trust establishes one or more additional Fund(s) with respect to which it wishes to retain the Administrator to act as administrator hereunder, the Trust shall notify the Administrator in writing. Upon written acceptance by the Administrator, which acceptance shall not be unreasonably withheld, such Fund(s) shall become subject to the provisions of this Agreement to the same extent as the existing Fund, except to the extent that such provisions (including those relating to compensation and expenses payable) may be modified with respect to such Fund in writing by the Trust and the Administrator at the time of the addition of such Fund.

2. DELIVERY OF DOCUMENTS

The Trust will promptly deliver to the Administrator copies of each of the following documents and all future amendments and supplements, if any:

a. The Trust’s Declaration of Trust and By-laws (“Governing Documents”);

b. The Trust’s currently effective Registration Statement under the 1933 Act and the 1940 Act and each Prospectus and Statement of Additional Information (“SAI”) relating to the Fund(s) and all amendments and supplements thereto as in effect from time to time;

c. Copies of the resolutions of the Board of Trustees of the Trust (the “Board”) certified by the Trust’s Secretary authorizing (1) the Trust to enter into this Agreement and (2) certain individuals on behalf of the Trust to (a) give instructions to the Administrator pursuant to this Agreement and (b) sign checks and pay expenses;

d. A copy of the investment advisory agreement between the Trust and its investment adviser; and

e. Such other certificates, documents or opinions which the Administrator may, in its reasonable discretion, deem necessary or appropriate in the proper performance of its duties.

3. REPRESENTATIONS AND WARRANTIES OF THE ADMINISTRATOR

The Administrator represents and warrants to the Trust that:

a. It is a Massachusetts trust company, duly organized and existing under the laws of The Commonwealth of Massachusetts;

b. It has the requisite power and authority to carry on its business in The Commonwealth of Massachusetts;

c. All requisite corporate proceedings have been taken to authorize it to enter into and perform this Agreement;

d. No legal or administrative proceedings have been instituted or threatened which would materially impair the Administrator’s ability to perform its duties and obligations under this Agreement; and

e. Its entrance into this Agreement shall not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or regulation applicable to it.

4. REPRESENTATIONS AND WARRANTIES OF THE TRUST

The Trust represents and warrants to the Administrator that:

a. It is a statutory trust, duly organized, existing and in good standing under the laws of its state of formation;

b. It has the requisite power and authority under applicable laws and by its Declaration of Trust and By-laws to enter into and perform this Agreement;

c. All requisite proceedings have been taken to authorize it to enter into and perform this Agreement;

d. It is an investment company properly registered with the SEC under the 1940 Act;

e. The Registration Statement been filed and will be effective and remain effective during the term of this Agreement. The Trust also warrants to the Administrator that as of the effective date of this Agreement, all necessary filings under the securities laws of the states in which the Trust offers or sells its shares have been made;

f. No legal or administrative proceedings have been instituted or threatened which would impair the Trust’s ability to perform its duties and obligations under this Agreement;

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g. Its entrance into this Agreement will not cause a material breach or be in material conflict with any other agreement or obligation of the Trust or any law or regulation applicable to it; and

h. As of the close of business on the date of this Agreement, the Trust is authorized to issue unlimited shares of beneficial interest;

i. Where information provided by the Trust or the Trust’s Investors includes information about an identifiable individual (“Personal Information”), the Trust represents and warrants that it has obtained all consents and approvals, as required by all applicable laws, regulations, by-laws and ordinances that regulate the collection, processing, use or disclosure of Personal Information, necessary to disclose such Personal Information to the Administrator, and as required for the Administrator to use and disclose such Personal Information in connection with the performance of the services hereunder. The Trust acknowledges that the Administrator may perform any of the services, and may use and disclose Personal Information outside of the jurisdiction in which it was initially collected by the Trust, including the United States and that information relating to the Trust, including Personal Information may be accessed by national security authorities, law enforcement and courts. The Administrator shall be kept indemnified by and be without liability to the Trust for any action taken or omitted by it in reliance upon this representation and warranty, including without limitation, any liability or costs in connection with claims or complaints for failure to comply with any applicable law that regulates the collection, processing, use or disclosure of Personal Information.

5. ADMINISTRATION SERVICES

The Administrator shall provide the services as listed on Schedule B, subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by the Trust’s independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator (including the procedures, if any, established in the “Service Level Document” as defined in Section 6 of this Agreement).

The Administrator shall perform such other services for the Trust that are mutually agreed to by the parties from time to time, for which the Trust will pay such fees as may be mutually agreed upon, including the Administrator’s reasonable out-of-pocket expenses. The provision of such services shall be subject to the terms and conditions of this Agreement.

The Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.

6. PERFORMANCE GOALS

The Administrator and the Trust may from time to time agree to document the manner in which they expect to deliver and receive the services contemplated by this Agreement in one or more “Service Level Documents”. The parties agree that such document (s) reflect performance goals and any failure to perform in accordance with the provisions thereof shall not in and of itself be considered a breach of contract that gives rise to contractual or other remedies. Unless otherwise agreed by the parties and as set forth below, a failure to perform in accordance with the provisions of a Service Level Document, or any dispute relating to performance goals set forth in a Service Level Document, will be handled in accordance with the escalation process set forth in the Service Level Document. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level

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Document(s), while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by Administrator hereunder.

7. COMPENSATION OF ADMINISTRATOR; EXPENSE REIMBURSEMENT; TRUST EXPENSES

The Administrator shall be entitled to reasonable compensation for its services and expenses, as agreed upon from time to time in writing between the Trust on behalf of each applicable Fund and the Administrator.

The Trust agrees promptly to reimburse the Administrator for any equipment and supplies specially ordered by or for the Trust through the Administrator and for any other expenses not contemplated by this Agreement that the Administrator may incur on the Trust’s behalf at the Trust’s request or with the Trust’s consent.

The Trust will bear all expenses that are incurred in its operation and not specifically assumed by the Administrator. For the avoidance of doubt, Trust expenses not assumed by the Administrator include, but are not limited to: organizational expenses; cost of services of independent accountants and outside legal and tax counsel (including such counsel’s review of the Registration Statement, Form N-CSR, Form N-Q or Form N-PORT (as applicable), Form N-PX, Form N-MFP, Form N-SAR or Form N-CEN (as applicable), proxy materials, federal and state tax qualification as a regulated investment company and other notices, registrations, reports, filings and materials prepared by the Administrator under this Agreement); cost of any services contracted for by the Trust directly from parties other than the Administrator; cost of trading operations and brokerage fees, commissions and transfer taxes in connection with the purchase and sale of securities for the Trust; investment advisory fees; taxes, insurance premiums and other fees and expenses applicable to its operation; costs incidental to any meetings of shareholders including, but not limited to, legal and accounting fees, proxy filing fees and the costs of preparation (e.g., typesetting, XBRL-tagging, page changes and all other print vendor and EDGAR charges, collectively referred to herein as “Preparation”), printing, distribution and mailing of any proxy materials; costs incidental to Board meetings, including fees and expenses of Board members; the salary and expenses of any officer, director\trustee or employee of the Trust; costs of Preparation, printing, distribution and mailing, as applicable, of the Trust’s Registration Statements and any amendments and supplements thereto and shareholder reports; cost of Preparation and filing of the Trust’s tax returns, Form N-1A, Form N-CSR, Form N-Q or Form N-PORT (as applicable), Form N-PX, Form N-MFP and Form N-SAR or Form N-CEN (as applicable), and all notices, registrations and amendments associated with applicable federal and state tax and securities laws; all applicable registration fees and filing fees required under federal and state securities laws; the cost of fidelity bond and D&O/E&O liability insurance; and the cost of independent pricing services used in computing the Fund(s)’ net asset value.

8. INSTRUCTIONS AND ADVICE

At any time, the Administrator may apply to any officer of the Trust or his or her designee for instructions or the independent accountants for the Trust, with respect to any matter arising in connection with the services to be performed by the Administrator under this Agreement. The Administrator shall be entitled to rely on and may act upon advice of reputable outside counsel (who may be counsel for the Trust) on all matters, and shall be without liability for any action taken or omitted pursuant to such advice.

The Administrator shall not be liable, and shall be indemnified by the Trust, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons. The Administrator shall not be held to have notice of any change of authority of any person until receipt of written

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notice thereof from the Fund(s). Nothing in this section shall be construed as imposing upon the Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received.

Pursuant to other agreements now or any time in effect between the Trust (or its investment manager or investment advisor, on its behalf) and State Street Bank and Trust Company or its affiliates (the “Other State Street Agreements”) in any capacity other than as Administrator hereunder (in such other capacities, “State Street”), State Street may be in possession of certain information and data relating to the Trust and/or the Funds/Portfolios that is necessary to provide the services, including any N-PORT-Related Services. The Trust hereby acknowledges and agrees that (i) this Section 8 of the Agreement serves as its consent and instruction, or Proper Instruction, as the case may be, for itself and on behalf of each Fund/Portfolio under and pursuant to such Other State Street Agreements for State Street to provide or otherwise make available (including via platforms such as my.statestreet.com) to the Administrator, Trust and Fund/Portfolio information such as net asset values and information relating to the net assets of the Trust and the Funds/Portfolios, holdings and liquidity reports, market value and other information and data related to the Trust and the Funds/Portfolios.

9. LIMITATION OF LIABILITY AND INDEMNIFICATION

The Administrator shall be responsible for the performance only of such duties as are set forth in this Agreement and, except as otherwise provided under Section 15, shall have no responsibility for the actions or activities of any other party, including other service providers. The Administrator shall have no liability in respect of any loss, damage or expense suffered by the Trust insofar as such loss, damage or expense arises from the performance of the Administrator’s duties hereunder in reliance upon records that were maintained for the Trust by entities other than the Administrator prior to the Administrator’s appointment as administrator for the Trust. The Administrator shall have no liability for any error of judgment or mistake of law or for any loss or damage resulting from the performance or nonperformance of its duties hereunder unless such loss or damage arises directly from the negligence or willful misconduct of the Administrator, its officers or employees. The Administrator shall not be liable for any special, indirect, incidental, punitive or consequential damages, including lost profits, of any kind whatsoever (including, without limitation, attorneys’ fees) under any provision of this Agreement or for any such damages arising out of any act or failure to act hereunder, each of which is hereby excluded by agreement of the parties regardless of whether such damages were foreseeable or whether either party or any entity had been advised of the possibility of such damages. In any event, the Administrator’s cumulative liability for each calendar year (a “Liability Period”) with respect to the Trust under this Agreement regardless of the form of action or legal theory shall be limited to its total annual compensation earned and fees payable by the Trust hereunder during the preceding Compensation Period, as defined herein, for any liability or loss suffered by the Trust including, but not limited to, any liability relating to qualification of the Trust as a regulated investment company or any liability relating to the Trust’s compliance with any federal or state tax or securities statute, regulation or ruling during such Liability Period. “Compensation Period” shall mean the calendar year ending immediately prior to each Liability Period in which the event(s) giving rise to the Administrator’s liability for that period have occurred. Notwithstanding the foregoing, the Compensation Period for purposes of calculating the annual cumulative liability of the Administrator for the Liability Period commencing on the date of this Agreement and terminating on December 31, 2018 shall be the date of this Agreement through December 31, 2018, calculated on an annualized basis, and the Compensation Period for the Liability Period commencing January 1, 2019 and terminating on December 31, 2019 shall be the date of this Agreement through December 31, 2018, calculated on an annualized basis.

The Administrator shall not be responsible or liable for any failure or delay in performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation, computer virus or communication disruption that Custodian could not have reasonably avoided, natural disaster, governmental action or communication disruption.

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The Trust shall indemnify and hold the Administrator and its directors, officers, employees and agents harmless from all loss, cost, damage and expense, including reasonable fees and expenses for counsel, incurred by the Administrator resulting from any claim, demand, action or suit resulting directly from the Administrator’s acceptance of this Agreement, any action or omission by it in the performance of its duties hereunder, or as a result of acting upon any instructions reasonably believed by it to have been duly authorized by the Trust or upon reasonable reliance on information or records given or made by the Trust or its investment adviser, provided that this indemnification shall not apply to actions or omissions of the Administrator, its officers or employees in cases of its or their own gross negligence or willful misconduct.

The limitation of liability and indemnification contained herein shall survive the termination of this Agreement.

10. CONFIDENTIALITY

All information provided under this Agreement by a party (the “Disclosing Party”) to the other party (the “Receiving Party”) regarding the Disclosing Party’s business and operations shall be treated as confidential (“Confidential Information”). Subject to Section 11 below, all Confidential Information provided under this Agreement by Disclosing Party shall be used, including disclosure to third parties, by the Receiving Party, or its agents or service providers, solely for the purpose of performing or receiving the services and discharging the Receiving Party’s other obligations under the Agreement or managing the business of the Receiving Party and its Affiliates (as defined in Section 11 below), including financial and operational management and reporting, risk management, legal and regulatory compliance and client service management. The foregoing shall not be applicable to any information (a) that is publicly available when provided or thereafter becomes publicly available, other than through a breach of this Agreement, (b) that is independently derived by the Receiving Party without the use of any information provided by the Disclosing Party in connection with this Agreement, (c) that is disclosed to comply with any legal or regulatory proceeding, investigation, audit, examination, subpoena, civil investigative demand or other similar process, (d) that is disclosed as required by operation of law or regulation or as required to comply with the requirements of any market infrastructure that the Disclosing Party or its agents direct the Administrator or its Affiliates to employ (or which is required in connection with the holding or settlement of instruments included in the assets subject to this Agreement), or (e) where the party seeking to disclose has received the prior written consent of the party providing the information, which consent shall not be unreasonably withheld.

The undertakings and obligations contained in this section shall survive the termination or expiration of this Agreement for a period of five (5) years.

11. USE OF DATA

(a)        In connection with the provision of the services and the discharge of its other obligations under this Agreement, the Administrator (which term for purposes of this Section 11 includes each of its parent company, branches and affiliates (“Affiliates”)) may collect and store information regarding the Trust or Fund and share such information with its Affiliates, agents and service providers in order and to the extent reasonably necessary (i) to carry out the provision of services contemplated under this Agreement and other agreements between the Trust and the Administrator or any of its Affiliates and (ii) to carry out management of its businesses, including, but not limited to, financial and operational management and reporting, risk management, legal and regulatory compliance and client service management.

(b)        Except as expressly contemplated by this Agreement, nothing in this Section 10 shall limit the confidentiality and data-protection obligations of the Administrator and its Affiliates under this

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Agreement and applicable law. The Administrator shall cause any Affiliate, agent or service provider to which it has disclosed Data pursuant to this Section 11 to comply at all times with confidentiality and data-protection obligations as if it were a party to this Agreement.

12. COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS; RECORDS

The Trust assumes full responsibility for complying with all securities, tax, commodities and other laws, rules and regulations applicable to it.

In compliance with the requirements of Rule 31a-3 under the 1940 Act, the Administrator agrees that all records which it maintains for the Trust shall at all times remain the property of the Trust, shall be readily accessible during normal business hours, and shall be promptly surrendered upon the termination of the Agreement or otherwise on written request except as otherwise provided in Section 14. The Administrator further agrees that all records that it maintains for the Trust pursuant to Rule 31a-1 under the 1940 Act will be preserved for the periods prescribed by Rule 31a-2 under the 1940 Act unless any such records are earlier surrendered as provided above. Records may be surrendered in either written or machine-readable form, at the option of the Administrator. In the event that the Administrator is requested or authorized by the Trust, or required by subpoena, administrative order, court order or other legal process, applicable law or regulation, or required in connection with any investigation, examination or inspection of the Trust by state or federal regulatory agencies, to produce the records of the Trust or the Administrator’s personnel as witnesses or deponents (a “Records Request”), the Trust agrees to pay the Administrator for the Administrator’s time and expenses, as well as the fees and expenses of the Administrator’s counsel incurred in such production; the foregoing shall not apply to a Records Request incurred in the ordinary course of business, including, but not limited to, routine regulatory examinations of any Fund or its investment adviser.

13. SERVICES NOT EXCLUSIVE

The services of the Administrator are not to be deemed exclusive, and the Administrator shall be free to render similar services to others. The Administrator shall be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorized by the Trust from time to time, have no authority to act or represent the Trust in any way or otherwise be deemed an agent of the Trust.

14. EFFECTIVE PERIOD AND TERMINATION

(a)        TERM. This Agreement shall be effective as follows:

(i)        With respect to the data aggregation, preparation of data sets and recordkeeping activities of the N-PORT-Related Services (as defined in Schedule B6), as of the first day of the first month in which the Trust is required by applicable law (including any rules and regulations promulgated thereunder and in accordance with any interpretive releases issued by the U.S. Securities and Exchange Commission) to aggregate data and maintain records consistent with Form N-PORT (currently anticipated to be June 2018).

(ii)        With respect to the filing obligations of the N-PORT-Related Services, as of the first day of the first month in which the Trust is required by applicable law (including any rules and regulations promulgated thereunder and in accordance with any interpretive releases issued by the U.S. Securities and Exchange Commission) to file Form N-PORT (currently anticipated to be April 2019); and

(iii)        With respect to all other services listed on Schedule B, October 1, 2018.

This Agreement shall remain in full force and effect for an initial term ending December 31, 2023 (the “Initial Term”). After the expiration of the Initial Term, this Agreement shall continue in full force and effect until terminated by the Trust or the Custodian by an instrument in writing delivered or mailed,

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postage prepaid, to the other party, such termination to take effect not sooner than sixty (60) days after the date of such delivery or mailing if termination is being sought by the Trust on behalf of a Fund and not sooner than 180 days if termination is being sought by the Custodian, provided, however, that the Trust shall not amend or terminate this Agreement in contravention of any applicable federal or state regulations, or any provision of the Trust’s or a Fund’s governing documents.

(b)        TERMINATION. Either party may terminate this Agreement: (i) in the event of the other party’s material breach of a material provision of this Agreement that the other party has either (a) failed to cure or (b) failed to establish a remedial plan to cure that is reasonably acceptable, within 60 days’ written notice of such breach; (ii) in the event of the appointment of a conservator or receiver for the other party or upon the happening of a like event to the other party at the direction of an appropriate agency or court of competent jurisdiction; or (iii) as to the Trust or a Fund and subject to paragraph (c) below, upon ninety (90) days’ written notice by the Trust.

(c)        PAYMENTS OWING TO THE ADMINISTRATOR. Upon termination of this Agreement pursuant to paragraph (a) or (b) above with respect to the Trust or any Fund, the Trust or applicable Fund shall pay Administrator its compensation due and shall reimburse Administrator for its costs, expenses and disbursements. During the first two years of the Initial Term only, in the event of: (i) the Trust’s termination of this Agreement with respect to the Trust or its Fund(s) pursuant to sub-section (iii) of paragraph (b) above or (ii) a transaction not in the ordinary course of business pursuant to which the Administrator is not retained to continue providing services hereunder to the Trust or a Fund (or its respective successor), the Trust or applicable Fund shall pay the Administrator its compensation due through the end of such two-year period (based upon the average monthly compensation previously earned by Administrator with respect to the Trust or such Fund) and shall reimburse the Administrator for its costs, expenses and disbursements. Upon receipt of such payment and reimbursement, the Administrator will deliver the Trust’s or such Fund’s records as set forth herein.

(d)        EXCLUSIONS. No payment will be required pursuant to clause (ii) of paragraph (c) in the event of any transaction such (a) the liquidation or dissolution of the Trust or a Fund and distribution of the Trust’s or such Fund’s assets as a result of the Board’s determination in its reasonable business judgment that the Trust or such Fund is no longer viable (b) a merger of the Trust or a Fund into, or the consolidation of the Trust or a Fund with, another entity, or (c) the sale by the Trust or a Fund of all, or substantially all, of the Trust’s or Fund’s assets to another entity, in each of (b) and (c) where the Administrator is retained to continue providing services to the Trust on substantially the same terms as this Agreement.

(e)        EFFECT OF TERMINATION. Termination of this Agreement with respect to any one particular Fund shall in no way affect the rights and duties under this Agreement with respect to the Trust or any other Fund.

15. DELEGATION

The Administrator shall retain the right to employ agents, subcontractors, consultants and other third parties, including, without limitation, affiliates (each, a “Delegate” and collectively, the “Delegates”) to provide or assist it in the provision of any part of the services stated herein or the discharge of any other obligations or duties under this Agreement without the consent or approval of the Trust. The Administrator shall be responsible for the acts and omissions of any such Delegate so employed as if the Administrator had committed such acts and omissions itself. The Administrator shall be responsible for the compensation of its Delegates.

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16. INTERPRETIVE AND ADDITIONAL PROVISIONS

In connection with the operation of this Agreement, the Administrator and the Trust on behalf of each of the Funds, may from time to time agree on such provisions interpretive of or in addition to the provisions of this Agreement as may in their joint opinion be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions shall be in a writing signed by all parties, provided that no such interpretive or additional provisions shall contravene any applicable laws or regulations or any provision of the Trust’s Governing Documents. No interpretive or additional provisions made as provided in the preceding sentence shall be deemed to be an amendment of the Agreement.

17. NOTICES

Any notice, instruction or other instrument required to be given hereunder will be in writing and may be sent by hand, or by facsimile transmission, or overnight delivery by any recognized delivery service, to the parties at the following address or such other address as may be notified by any party from time to time:

If to the Trust:

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

1300 S. Clinton Street

Fort Wayne, IN 46802

Attn: Chief Accounting Officer

Telephone: (260) 455-2330

Facsimile: (260) 455-1939

If to the Administrator:

STATE STREET BANK AND TRUST COMPANY

200 Newport Avenue

North Quincy, Massachusetts 02171

Attention: Sean Conroy, Vice President

Telephone: 617-537-4748

with a copy to:

STATE STREET BANK AND TRUST COMPANY

Legal Division – Global Services Americas

One Lincoln Street

Boston, MA 02110

Attention: Senior Vice President and Senior Managing Counsel

18. AMENDMENT

This Agreement may be amended at any time in writing by mutual agreement of the parties hereto.

19. ASSIGNMENT

This Agreement may not be assigned by (a) the Trust without the written consent of the Administrator or (b) the Administrator without the written consent of the Trust, except that the Administrator may assign this Agreement to an affiliate that is successor of all or a substantial portion of its.

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20. SUCCESSORS

This Agreement shall be binding on and shall inure to the benefit of the Trust and the Administrator and their respective successors and permitted assigns.

21. DATA PROTECTION

The Administrator shall implement and maintain a comprehensive written information security program that contains appropriate security measures to safeguard the Confidential Information of the Trust and personal information of the Trust’s shareholders, employees, directors and/or officers that the Administrator receives, stores, maintains, processes or otherwise accesses in connection with the provision of services hereunder. For these purposes, “personal information” shall mean (i) an individual’s name (first initial and last name or first name and last name), address or telephone number plus (a) social security number, (b) driver’s license number, (c) state identification card number, (d) debit or credit card number, (e) financial account number or (f) personal identification number or password that would permit access to a person’s account or (ii) any combination of the foregoing that would allow a person to log onto or access an individual’s account. Notwithstanding the foregoing “personal information” shall not include information that is lawfully obtained from publicly available information, or from federal, state or local government records lawfully made available to the general public.

22. ENTIRE AGREEMENT

This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof and supersedes all previous representations, warranties or commitments regarding the services to be performed hereunder whether oral or in writing.

23. WAIVER

The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver nor shall it deprive such party of the right thereafter to insist upon strict adherence to that term or any term of this Agreement or the failure of a party hereto to exercise or any delay in exercising any right or remedy under this Agreement shall not constitute a waiver of any such term, right or remedy or a waiver of any other rights or remedies, and no single or partial exercise of any right or remedy under this Agreement shall prevent any further exercise of the right or remedy or the exercise or any other right or remedy. Any waiver must be in writing signed by the waiving party.

24. SEVERABILITY

If any provision or provisions of this Agreement shall be held to be invalid, unlawful or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired.

25. GOVERNING LAW

This Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws of The State of New York, without regard to its conflicts of laws rules.

26. REPRODUCTION OF DOCUMENTS

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This Agreement and all schedules, exhibits, attachments and amendments hereto may be reproduced by any photographic, xerographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties hereto all/each agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

27.    COUNTERPARTS

This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same Agreement. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the parties hereby adopt as original any signatures received via electronically transmitted form.

28.    REPORTS

Upon reasonable request of the Trust, the Administrator shall provide the Trust with a copy of the Administrator’s Service Organizational Control (SOC) 1 reports prepared in accordance with the requirements of AT section 801, Reporting on Controls at a Service Organization (formerly Statement on Standards for Attestation Engagements (SSAE) No. 16), which currently consist of the Global Fund Accounting and Custody SOC1 report and the Information Technology General Controls SOC1 report. The Administrator shall use commercially reasonable efforts to provide the Trust with such reports as the Trust may reasonably request or otherwise reasonably require to fulfill its duties under Rule 38a-1 of the 1940 Act or similar legal and regulatory requirements.

29.    INSURANCE

The Administrator will maintain, at all times during the term of this Agreement, insurance coverage regarding its business in such amount and scope as it deems adequate in connection with the services provided by the Administrator hereunder that is reasonable in light of standard industry practice. The Administrator agrees to provide to the Trust with certificates of its applicable insurance coverage, and shall provide an update at the Trust’s written request, but no more frequently than annually.

30.    DISASTER RECOVERY/BUSINESS CONTINUITY

The Administrator shall take reasonable steps to minimize service interruptions in the event of equipment failure, work stoppage, government action, communication disruption or other impossibility of performance beyond the Administrator’s reasonable control. The Administrator shall enter into and shall maintain if effect at all times during the term of this Agreement with appropriate parties one or more agreements making reasonable provision for (i) periodic back-up of the computer files and data with respect to the Trust and (ii) emergency use of electronic data processing equipment as necessary to provide services under this Agreement. Upon reasonable request, the Administrator shall discuss with the Trust any business continuity/disaster recovery plan of the Administrator and/or provide a high-level presentation summarizing such plan.

31.    REMOTE ACCESS SERVICES ADDENDUM. The Administrator and the Trust agree to be bound by the terms of the Remote Access Services Addendum to that certain Master Custodian Agreement dated of even date herewith between State Street Bank and Trust Company in its capacity as Custodian and the Trust.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their officers designated below as of the date first written above.

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

By:	/s/ William P. Flory, Jr.
Name:	William P. Flory, Jr.
Title:	Vice President

STATE STREET BANK AND TRUST COMPANY

By:	/s/ Andrew Erickson
Name:	Andrew Erickson
Title:	Executive Vice President

ADMINISTRATION AGREEMENT

SCHEDULE A

Listing of Fund(s)

Fund of Funds are identified by a double asterisk**

Lincoln iShares^® Fixed Income Allocation Fund**

Standard Class

Lincoln iShares^® Global Growth Allocation Fund**

Standard Class

Lincoln iShares^® U.S Moderate Allocation Fund**

Standard Class

LVIP American Balanced Allocation Fund**

Standard Class

Service Class

LVIP American Century Select Mid Cap Managed Volatility Fund**

Standard Class

Service Class

LVIP American Global Balanced Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP American Global Growth Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP American Global Growth Fund**

Service Class II

LVIP American Global Small Capitalization Fund**

Service Class II

LVIP American Growth Allocation Fund**

Standard Class

Service Class

LVIP American Growth Fund**

Service Class II

LVIP American Growth-Income Fund**

Service Class II

LVIP American Income Allocation Fund**

Standard Class

Service Class

LVIP American International Fund**

Service Class II

A-1

LVIP American Preservation Fund**

Standard Class

Service Class

LVIP Baron Growth Opportunities Fund

Standard Class

Service Class

LVIP Blackrock Dividend Value Managed Volatility Fund

Standard Class

Service Class

LVIP BlackRock Global Allocation V.I. Managed Risk Fund**

Standard Class

Service Class

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP BlackRock Inflation Protected Bond Fund

Standard Class

Service Class

LVIP BlackRock Multi-Asset Income Fund

Standard Class

Service Class

LVIP BlackRock Scientific Allocation Fund

Standard Class

Service Class

LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP Blended Core Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP Blended Large Cap Growth Managed Volatility Fund

Standard Class

Service Class

LVIP Blended Mid Cap Managed Volatility Fund

Standard Class

Service Class

LVIP Clarion Global Real Estate Fund

Standard Class

Service Class

A-2

LVIP ClearBridge Large Cap Managed  Volatility Fund**

Standard Class

Service Class

LVIP Delaware Bond Fund

Standard Class

Service Class

LVIP Delaware Diversified Floating Rate Fund

Standard Class

Service Class

LVIP Delaware Social Awareness Fund

Standard Class

Service Class

LVIP Delaware Special Opportunities Fund

Standard Class

Service Class

LVIP Delaware Wealth Builder Fund

Standard Class

Service Class

LVIP Dimensional International Core Equity Fund

Standard Class

Service Class

LVIP Dimensional International Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP Dimensional U.S. Core Equity 1 Fund

Standard Class

Service Class

LVIP Dimensional U.S. Core Equity 2 Fund

Standard Class

Service Class

LVIP Dimensional U.S. Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP Dimensional/Vanguard Total Bond Fund**

Standard Class

Service Class

LVIP Fidelity Institutional AM^SM Select Core Equity Managed Volatility Fund**

Standard Class

Service Class

A-3

LVIP Franklin Templeton Global Equity  Managed Volatility Fund

Standard Class

Service Class

LVIP Franklin Templeton Multi-Asset Opportunities Fund

Standard Class

Service Class

LVIP Franklin Templeton Value Managed Volatility Fund**

Standard Class

Service Class

LVIP Global Aggressive Growth Allocation Managed Risk Fund

Standard Class

Service Class

LVIP Global Conservative Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP Global Growth Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP Global Income Fund

Standard Class

Service Class

LVIP Global Moderate Allocation Managed Risk Fund**

Standard Class

Service Class

LVIP Goldman Sachs Income Builder Fund

Standard Class

Service Class

LVIP Government Money Market Fund

Standard Class

Service Class

LVIP Invesco Diversified Equity-Income Managed Volatility Fund**

Standard Class

Service Class

LVIP Invesco Select Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP JPMorgan High Yield Fund

Standard Class

Service Class

A-4

LVIP JPMorgan Retirement Income Fund

Standard Class

Service Class

LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund

Standard Class

Service Class

LVIP Loomis Sayles Global Growth Fund

Standard Class

Service Class

LVIP MFS International Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP MFS International Growth Fund

Standard Class

Service Class

LVIP MFS Value Fund

Standard Class

Service Class

LVIP Mondrian International Fund

Standard Class

Service Class

LVIP Multi-Manager Global Equity Managed Volatility Fund**

Standard Class

Service Class

LVIP PIMCO Low Duration Bond Fund

Standard Class

Service Class

LVIP SSGA Bond Index Fund

Standard Class

Service Class

LVIP SSGA Conservative Index Allocation Fund**

Standard Class

Service Class

LVIP SSGA Conservative Structured Allocation Fund**

Standard Class

Service Class

LVIP SSGA Developed International 150 Fund

Standard Class

Service Class

A-5

LVIP SSGA Emerging Markets 100 Fund

Standard Class

Service Class

LVIP SSGA Global Tactical Allocation Managed Volatility Fund**

Standard Class

Service Class

LVIP SSGA Emerging Markets Index Fund

Standard Class

Service Class

LVIP SSGA International Index Fund

Standard Class

Service Class

LVIP SSGA International Managed Volatility Fund**

Standard Class

Service Class

LVIP SSGA Large Cap 100 Fund

Standard Class

Service Class

LVIP SSGA Large Cap Managed Volatility Fund**

Standard Class

Service Class

LVIP SSGA Mid-Cap Index Fund

Standard Class

Service Class

LVIP SSGA Moderate Index Allocation Fund**

Standard Class

Service Class

LVIP SSGA Moderate Structured Allocation Fund**

Standard Class

Service Class

LVIP SSGA Moderately Aggressive Index Allocation Fund**

Standard Class

Service Class

LVIP SSGA Moderately Aggressive Structured Allocation Fund**

Standard Class

Service Class

LVIP SSGA S&P 500 Index Fund

Standard Class

Service Class

A-6

LVIP SSGA Short-Term Bond Index Fund

Standard Class

Service Class

LVIP SSGA Small-Cap Index Fund

Standard Class

Service Class

LVIP SSGA Small-Mid Cap 200 Fund

Standard Class

Service Class

LVIP SSGA SMID Cap Managed Volatility Fund**

Standard Class

Service Class

LVIP T. Rowe Price 2010 Fund**

Standard Class

Service Class

LVIP T. Rowe Price 2020 Fund**

Standard Class

Service Class

LVIP T. Rowe Price 2030 Fund**

Standard Class

Service Class

LVIP T. Rowe Price 2040 Fund**

Standard Class

Service Class

LVIP T. Rowe Price 2050 Fund**

Standard Class

Service Class

LVIP T. Rowe Price Growth Stock Fund

Standard Class

Service Class

LVIP T. Rowe Price Structured Mid-Cap Growth Fund

Standard Class

Service Class

LVIP U.S. Aggressive Growth Allocation Managed Risk Fund

Standard Class

Service Class

LVIP U.S. Growth Allocation Managed Risk Fund**

Standard Class

Service Class

A-7

LVIP Vanguard Domestic Equity ETF Fund**

Standard Class

Service Class

LVIP Vanguard International Equity ETF Fund**

Standard Class

Service Class

LVIP Wellington Capital Growth Fund

Standard Class

Service Class

LVIP Wellington Mid-Cap Value Fund

Standard Class

Service Class

LVIP Western Asset Core Bond Fund

Standard Class

Service Class

A-8

ADMINISTRATION AGREEMENT

SCHEDULE B

LIST OF SERVICES

I. Fund Administration Treasury Services as described in Schedule B1 attached hereto;

II. Fund Administration Tax Services as described in Schedule B2 attached hereto;

III. Fund Administration Legal Services as described in Schedule B3 attached hereto;

IV. Fund Administration CFTC Services as described in Schedule B4 attached hereto; and

V. Fund Administration Money Market Fund Services as described in Schedule B5 attached hereto.

VI. Form N-PORT-Related Services as described in Schedule B6 attached hereto.

VII. Fund Accounting Services as described in Schedule B7 attached hereto.

Schedule B1

Fund Administration Treasury Services

a. Prepare for the review by designated officer(s) of the Trust financial information regarding the Fund(s) that will be included in the Trust’s semi-annual and annual shareholder reports, and other quarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;

b. Coordinate the audit of the Trust’s financial statements by the Trust’s independent accountants, including the preparation of supporting audit workpapers and other schedules;

c. Prepare for the review by designated officer(s) of the Trust financial information required by Form N-1A, proxy statements and such other reports, forms or filings as may be mutually agreed upon;

c. Prepare for the review by designated officer(s) of the Trust annual fund expense budgets, perform accrual analyses and roll-forward calculations and recommend changes to fund expense accruals on a periodic basis, arrange for payment of the Trust’s expenses, review calculations of fees paid to the Trust’s investment adviser, custodian, fund accountant, distributor and transfer agent, and obtain authorization of accrual changes and expense payments;

d. Provide periodic testing of the Fund(s) with respect to compliance with the Internal Revenue Code’s mandatory qualification requirements, the requirements of the 1940 Act and limitations for the Fund(s) contained in the Registration Statement and other documents, including but not limited to an investment policy statement for the Fund(s), for the Fund(s) as may be mutually agreed upon, including quarterly compliance reporting to the designated officer(s) of the Trust as well as preparation of Board compliance materials;

e. Prepare and furnish total return performance information for the Fund(s), including such information on an after-tax basis, calculated in accordance with applicable U.S. securities laws and regulations, as may be reasonably requested by Trust management;

f. Prepare and disseminate vendor survey information;

g. Prepare and coordinate the filing of Rule 24f-2 notices, including coordination of payment;

h. Provide sub-certificates in connection with the certification requirements of the Sarbanes-Oxley Act of 2002 with respect to the services provided by the Administrator; and

i. Maintain certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act, as may be mutually agreed upon.

j. Prepare materials for the Trust’s Board of Trustees as reasonably requested.

B1-1

SCHEDULE B2

Fund Administration Tax Services

a. Prepare annual tax basis provisions for both excise and income tax purposes, including wash sales, all necessary tax adjustments, ROCSOP adjusting entries and all tax financial statement disclosure;

b. Prepare the Funds’ annual federal, state, and local income tax returns and related schedules and extension requests for review and for execution and filing by the Trust’s independent accountants and execution and filing by the Trust’s treasurer, including Form 1120-RIC, Form 8613 and Form 1099-MISC; signing as paid preparer if requested;

c. Provide information necessary for submission to EY PFIC analyzer tool (i.e., foreign holdings for all Funds);

d. Prepare annual shareholder reporting information relating to Form 1099-DIV*;

e. Preparation of financial information relating to Form 1099-DIV, including completion of the ICI Primary and Secondary forms, Qualified Dividend Income, Dividends Received Deduction, Alternative Minimum Tax, Foreign Tax Credit, United States Government obligations;

f. Preparation of excise estimates for use in determining annual distributions. Review annual minimum distribution calculations (income and capital gain) for both federal and excise tax purposes prior to their declaration;

g. ASC 740 (Fin 48) analysis and documentation; and

h. Participate in discussions of potential tax issues with the Funds and the Funds’ audit firm.

Tax services, as described in this Schedule, do not include identification of passive foreign investment companies, qualified interest income securities or Internal Revenue Code Section 1272(a)(6) tax calculations for asset backed securities.

*Administrator shall prepare annual shareholder reporting for all of the year in which the Funds convert to Administrator, which may require that the Administrator receive and utilize tax information from the Trust’s previous custodian and administrator.

B2-1

SCHEDULE B3

Fund Administration Legal Services

a. Prepare the agenda, resolutions and notices for all requested and quarterly Board of Trustees (the “Board”) and committee meetings, make presentations to the Board and committee meetings where appropriate, and attend and prepare minutes and follow-up lists for such Board and committee meetings;

b. Attend the Trust’s shareholder meetings and prepare minutes of such meetings; and

c. Prepare for filing with the SEC the following documents: Form N-PX.

B3-1

SCHEDULE B4

Fund Administration CFTC Services

Subject to the authorization and direction of the Trust, State Street will provide the CFTC Services set forth on Schedule B4 (the “CFTC Services”) to assist the Funds, the Trust and/or its affiliates in complying with applicable CFTC compliance testing and reporting requirements.

Limitation of Responsibilities. With regard to the CFTC Services, the Administrator’s responsibilities are limited to the provision of the CFTC Services described in Schedule B4. These responsibilities do not include: (i) determination of the Trust’s status as a Commodity Pool Operator (a “CPO”), (ii) the determination of the Trust’s eligibility for an exclusion from classification as a CPO, or (iii) the completion and filing of the Form CPO-PQR. Where the Trust uses the Services to comply with any law, representation, agreement or other obligation, State Street makes no representation that any such Services complies with such law, representation, agreement, or other obligation, and State Street has no obligation of compliance with respect thereto. The Trust should contact its legal counsel for specific guidance on compliance with the Commodity Exchange Act of 1936, as amended (the “Commodity Exchange Act”). Unless the Trust currently subscribes to fund administration legal services with the Administrator, the CFTC Services do not include assisting the Trust with preparation of annual enhanced prospectus disclosures. Assistance with the registration of an entity as a CPO is not included as a CFTC Service.

Responsibilities of the Trust. The Trust is responsible for providing authorization and direction to the Administrator with respect to the CFTC Services. The Trust is responsible for arranging, in each case where appropriate, for the review and comment by Trust’s independent accountants and legal counsel of CFTC financial information, reports and any filings prepared by the Administrator. In addition, the Trust is solely responsible for determining Trust’s status as a CPO, and/or Trust’s eligibility for an exclusion from classification as a CPO.

The Trust shall be responsible for accurately and timely supplying the Administrator with complete financial, organizational and other information, and/or arranging for the provision of such information from third parties, as may be required in order for the Administrator to provide the CFTC Services, and any information requested by the Administrator in connection with the foregoing. The Administrator is authorized and instructed to rely upon the information it receives from the Trust or any third party (including, without limitation, the Trust’s third party administrator(s), custodian(s), prime broker(s), and other service providers to the Trust) authorized by the Trust to provide such information to the Administrator and on any instructions received from the Trust. The Trust and any third party from which the Administrator shall receive or obtain certain records, reports and other data included in the CFTC Services provided hereunder are solely responsible for the contents of such information, including, without limitation, the accuracy thereof, and the Administrator shall be entitled to rely on such records, reports and other data as provided to the Administrator by the Trust or any third party, and any instructions provided to the Administrator by the Trust, and shall have no responsibility for making any interpretive determinations with respect thereto. The Administrator has no responsibility to review, confirm or otherwise assume any duty with respect to the accuracy or completeness of any such information, or instructions, and shall be without liability for any loss or damage suffered by the Trust as a result of the Administrator’s reliance on and utilization of such information or instructions believed by it to be genuine and to have been properly issued by or on behalf of the Trust or such third party. The Administrator shall have no responsibility and shall be without liability for any loss or damage caused by the failure of the Trust or any third party to provide it with the information required.

B4-1

CFTC financial reporting, compliance testing and exclusion filing services

Subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by Trust’s independent accountants and legal counsel, and in accordance with procedures that may be established from time to time between the Trust and the Administrator, the Administrator will:

i. Perform daily testing for compliance with the CFTC initial margin test and the CFTC net notional test; and

B4-2

SCHEDULE B5

Fund Administration Money Market Fund Services

a. Prepare for posting on the Fund’s website daily each money market fund’s market-based NAVs;

b. Prepare for posting on the Fund’s website each money market fund’s daily liquid assets and weekly liquid assets;

c. Prepare for posting on the Funds’ website each money market fund’s inflows/outflows;

d. Prepare for posting on the Fund’s website each money market funds’ monthly schedule of portfolio investments;

e. Prepare and coordinate each money market fund’s monthly filing of Form N-MFP;

f. Provide periodic testing of the Fund with respect to compliance with certain Rule 2a-7 diversification requirements, including aggregation of affiliates testing, the 10% or 15% basket test and asset backed securities testing; and

g. Prepare and coordinate each Fund’s filings of Form N-CR.

B5-1

Schedule B6

Form N-PORT (the “Form N-PORT Services”) and Form N-CEN (the “Form N-CEN Services”) Support Services (collectively, the “Form N-PORT and Form N-CEN Support Services”), Liquidity Risk Measurement Services and Quarterly Portfolio of Investments Services (collectively, with the Form N-PORT and Form N-CEN Support Services, and for purposes of this Schedule B6, the “Services” or the “N-PORT-Related Services”)

I. The Services.

(a) Standard N-PORT and N-CEN Reporting Solution (Data and Filing):

• Subject to the receipt of all required data, documentation, assumptions, information and assistance from the Trust (including from any third parties with whom the Trust will need to coordinate in order to produce such data, documentation, and information), the Administrator will use required data, documentation, assumptions, information and assistance from the Trust, the Administrator’s internal systems and, in the case of Trusts not administered by the Administrator or its affiliates, third party Trust administrators or other data providers, including but not limited to Third Party Data (as defined below) (collectively, the “Required Data”), to perform necessary data aggregations (including any applicable aggregation of risk metrics) and calculations and prepare, as applicable: (i) a monthly draft Form N-PORT standard template for review and approval by the Trust; and (ii) annual updates of Form N-CEN for review and approval by the Trust.

• The Trust acknowledges and agrees that it will be responsible for reviewing and approving each such draft N-PORT template and N-CEN update.

• Following review and final approval by the Trust of each such draft Form N-PORT template and N-CEN update, and at the direction of and on behalf of the Trust, the Administrator will (i) produce an .XML formatted file of the completed Form N-PORT and Form N-CEN and maintain a record thereof in accordance with this Agreement, and (ii) when required, electronically submit such filing to the SEC.

The Form N-PORT Services will be provided to the Trust and the Funds as set forth in the attached Annex 1, which shall be executed by the Administrator and the Trust. The Form N-CEN Services will be provided to the Trust as set forth in the attached Annex 1. Annex 1 may be updated from time to time upon the written request of the Trust and by virtue of an updated Annex 1 that is signed by both parties.

(b) Quarterly Portfolio of Investments Services:

• Subject to the receipt of all Required Data, and as a component of the Form N-PORT and Form N-CEN Support Services, the Administrator will use such Required Data from the Trust, the Administrator’s internal systems and other data providers to prepare a draft portfolio of investments (the “Portfolio of Investments”), compliant with GAAP, as of the Trust’s first and third fiscal quarter-ends.

• Following review and final approval by the Trust of each such draft Portfolio of Investments, and at the direction of and on behalf of the Trust, the Administrator will attach each Portfolio of Investments to the first and third fiscal quarter-end N-PORT filing that is submitted electronically to the SEC.

B6-1

(c)         Liquidity Risk Measurement Services:

The Administrator will provide the following liquidity risk measurement services (“Liquidity Risk Measurement Services”) to the Trust and each Fund:

• As applicable, the Administrator will provide the Trust with Liquidity Risk Measurement Services that will provide calculation of security level exposure, characteristics, liquidity analytics, including days to liquidate, liquidity scores, fixed income cost to liquidate, stress testing and redemption flow analysis. Liquidity analytics will be calculated daily, weekly, or monthly (as per written agreement between the Administrator and the Trust) and, as applicable, aggregated monthly for purposes of inclusion in the Administrator’s standard N-PORT filing template. Services also will include the Administrator’s standard liquidity Trust profile report and online access to the Administrator’s dynamic risk reporting tools via my.statestreet.com which enable Trusts to analyze and generate risk reporting.

The Liquidity Risk Measurement Services will be provided to the Trust and each Fund as set forth in the attached Annex 1, which shall be executed by the Administrator and the Trust. Annex 1 may be updated from time to time upon the written request of the Trust and by virtue of an updated Annex 1 that is signed by both parties.

II. Trust Duties, Representations and Covenants in Connection with the Services.

The provision of the Services to the Trust by the Administrator is subject to the following terms and conditions:

1.        The parties acknowledge and agree on the following matters:

The Services depend, directly or indirectly, on: (i) Required Data and (ii) information concerning the Trust or its affiliates or any Fund, pooled vehicle, security or other investment or portfolio regarding which the Trust or its affiliates provide services or is otherwise associated (“Trust Entities”) that is generated or aggregated by the Administrator or its affiliates in connection with services performed on the Trust’s behalf or otherwise prepared by the Administrator (“State Street Data,” together with Required Data and Third Party Data (as defined below), “Services-Related Data”). The Administrator’s obligations, responsibilities and liabilities with respect to any State Street Data used in connection with other services received by the Trust shall be as provided in such respective other agreements between the Administrator or its affiliates and the Trust relating to such other services (e.g., administration and/or custody services, etc.) from which the State Street Data is derived or sourced (“Other Trust Agreements”). Nothing in this Agreement or any service schedule(s) shall limit or modify the Administrator’s or its affiliates’ obligations to the Trust under the Other Trust Agreements.

In connection with the provision of the Services by the Administrator, the Trust acknowledges and agrees that it will be responsible for providing the Administrator with any information requested by the Administrator, including, but not limited to, the following:

(A) Arranging for the regular provision of all Required Data (including State Street Data, where applicable) and related information to the Administrator, in formats compatible with Administrator-provided data templates including, without limitation, Required Data and the information and assumptions required by the Administrator in connection with a Trust reporting profile and onboarding checklist, as it, or the information or assumptions required, may be revised at any time by the Administrator, in its discretion (collectively, the “Onboarding Checklist”) and such other

B6-2

forms and templates as may be used by the Administrator for such purposes from time to time, for all Funds receiving services under this Agreement, including but not limited to those to be reported on Form N-PORT and Form N-CEN (as determined by the Trust), including, without limitation, arranging for the provision of data from the Trust, its affiliates, third party administrators, prime brokers, custodians, and other relevant parties. If and to the extent that Required Data is already accessible to the Administrator (or any of its affiliates) in its capacity as administrator to one or more Trusts, the Administrator and the Trust will agree on the scope of the information to be extracted from the Administrator’s or any of its affiliate’s systems for purposes of the Administrator’s provision of the Services, subject to the discretion of the Administrator, and the Administrator is hereby expressly authorized to use any such information as necessary in connection with providing the Services hereunder; and

(B) Providing all required information and assumptions not otherwise included in Trust data and assumptions provided pursuant to Section 1(A) above, including but not limited to the Required Data, as may be required in order for the Administrator to provide the Services.

The following are examples of certain types of information that the Trust is likely to be required to provide pursuant to Sections 1(A) and 1(B) above, and the Trust hereby acknowledges and understands that the following categories of information are merely illustrative examples, are by no means an exhaustive list of all such required information, and are subject to change as a result of any amendments to Form N-PORT and Form N-CEN or any changes in requirements relating to the provision of Liquidity Risk Measurement Services:

• SEC filing classification of the Trust (i.e., small or large filer);

• Identification of any data sourced from third parties;

• Identification of any securities reported as Miscellaneous; and

• Any Explanatory Notes included in N-PORT Section E.

2.            The Trust acknowledges that it has provided to the Administrator all material assumptions used by the Trust or that are expected to be used by the Trust in connection with the Services, and that it has approved all material assumptions used by the Administrator in the provision of the Services prior to the first use of the Services. The Trust will also be responsible for promptly notifying the Administrator of any changes in any such material assumptions previously notified to the Administrator by the Trust or otherwise previously approved by the Trust in connection with the Administrator’s provision of the Services. The Trust acknowledges that the Services, and the data required thereby, requires the use of material assumptions in connection with many different categories of information and data, and the use and/or reporting thereof, including, but not limited to the following:

• Investment classification of positions;

• Assumptions necessary in converting data extracts;

• General operational and process assumptions used by the Administrator in performing the Services;         and

• Assumptions specific to the Trust.

The Trust hereby acknowledges and understands that the foregoing categories of information that may involve the use of material assumptions are merely illustrative examples of certain subject matter areas in relation to which the Trust (and/or the Administrator on its behalf in connection with the Services) may rely on various material assumptions, and are by no means an exhaustive list of all such subject matter areas.

B6-3

3.         The Trust acknowledges and agrees on the following matters:

(A)      The Trust has independently reviewed the Services (including, without limitation, the assumptions, market data, securities prices, securities valuations, tests and calculations used in the Services), and the Trust has determined that the Services are suitable for its purposes. None of the Administrator or its affiliates, nor their respective officers, directors, employees, representatives, agents or service providers (collectively, including the Administrator, “State Street Parties”) make any express or implied warranties or representations with respect to the Services or otherwise.

(B)      The Trust assumes full responsibility for complying with all securities, tax, commodities and other laws, rules and regulations applicable to it. The Administrator is not providing, and the Services do not constitute, legal, tax, investment, or regulatory advice, or accounting or auditing services advice. Unless otherwise agreed to in writing by the parties to this Agreement, the Services are of general application and the Administrator is not providing any customization, guidance, or recommendations. Where the Trust uses Services to comply with any law, regulation, agreement, or other Trust obligation, the Administrator makes no representation that any Service complies with such law, regulation, agreement, or other obligation, and the Administrator has no obligation of compliance with respect thereto.

(C)      The Trust may use the Services and any reports, charts, graphs, data, analyses and other results generated by the Administrator in connection with the Services and provided by the Administrator to the Trust (“Materials”) (a) for the internal business purpose of the Trust relating to the applicable Service or (b) for submission to the U.S. Securities and Exchange Commission, as required, of a Form N-PORT template and a Form N-CEN update, including any Portfolio of Investments, if applicable. The Trust may also redistribute the Materials, or an excerpted portion thereof, to its investment managers, investment advisers, agents, clients, investors or participants, as applicable, that have a reasonable interest in the Materials in connection with their relationship with the Trust (each a “Permitted Person”); provided, however, (i) the Trust may not charge a fee, profit, or otherwise benefit from the redistribution of Materials to Permitted Persons, (ii) data provided by third party sources such as but not limited to market or index data (“Third Party Data”) contained in the Materials may not be redistributed other than Third Party Data that is embedded in the calculations presented in the Materials and not otherwise identifiable as Third Party Data, except to the extent the Trust has separate license rights with respect to the use of such Third Party Data, or (iii) the Trust may not use the Services or Materials in any way to compete or enable any third party to compete with the Administrator. No Permitted Person shall have any further rights of use or redistribution with respect to, or any ownership rights in, the Materials or any excerpted portion thereof.

Except as expressly provided in this Section 3(C), the Trust, any of its affiliates, or any of their respective officers, directors, employees, investment managers, investment advisers, agents or any other third party, including any client of, or investor or participant in the Trust or any Permitted Persons (collectively, including the Trust, “Trust Parties”), may not directly or indirectly, sell, rent, lease, license or sublicense, transmit, transfer, distribute or redistribute, disclose display, or provide, or otherwise make available or permit access to, all or any part of the Services or the Materials (including any State Street Data or Third Party Data contained therein, except with respect to Third Party Data to the extent the Trust has separate license rights with respect to the use of such Third Party Data). Without limitation, Trust Parties shall not themselves nor permit any other person to in whole or in part (i) modify, enhance, create derivative works, reverse engineer, decompile, decompose or disassemble the Services or the Materials; (ii) make copies of the Services, the Materials or portions thereof; (iii) secure any source code used in the Services, or attempt to use any portions of the Services in any form other than machine readable object code; (iv) commercially exploit or otherwise use the Services or the Materials for the benefit of any third party in a service bureau or software-as-a-service environment (or similar structure), or otherwise use the Services or the Materials to perform services for any third party, including for, to, or with consultants and independent

B6-4

contractors; or (v) attempt any of the foregoing or otherwise use the Services or the Materials for any purpose other than as expressly authorized under this Agreement.

(D)    The Trust shall limit the access and use of the Services and the Materials by any Trust Parties to a need-to-know basis and, in connection with its obligations under this Agreement, the Trust shall be responsible and liable for all acts and omissions of any Trust Parties.

(E)     The Services, the Materials and all confidential information of the Administrator (as confidential information is defined in the Agreement and other than Third Party Data and Required Data), are the sole property of the Administrator. The Trust has no rights or interests with respect to all or any part of the Services, the Materials or the Administrator’s confidential information, other than its use and redistribution rights expressly set forth in Section 3(C) herein. The Trust automatically and irrevocably assigns to the Administrator any right, title or interest that it has, or may be deemed to have, in the Services, the Materials or the Administrator’s confidential information, including, for the avoidance of doubt and without limitation, any Trust Party feedback, ideas, concepts, comments, suggestions, techniques or know-how shared with the Administrator (collectively, “Feedback”) and the State Street Parties shall be entitled to incorporate any Feedback in the Services or the Materials or to otherwise use such Feedback for its own commercial benefit without obligation to compensate the Trust.

(F)    The Administrator may rely on Services-Related Data used in connection with the Services without independent verification. Services-Related Data used in the Services may not be available or may contain errors, and the Services may not be complete or accurate as a result.

[Remainder of Page Intentionally Left Blank]

B6-5

ANNEX I

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

Further to the Fund Accounting and Financial Administration Agreement (“Agreement”) dated June 19, 2018 and effective as of the dates set forth therein by and between State Street Bank and Trust Company (the “Administrator”), and Lincoln Variable Insurance Products Trust (the “Trust”), the Trust and the Administrator mutually agree to update this Annex 1 by adding/removing Funds as applicable:

Liquidity Risk Measurement Services	Fund Type	FREQUENCY
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST		Daily
Lincoln iShares® Fixed Income Allocation Fund** Lincoln iShares® Global Growth Allocation Fund** Lincoln iShares® U.S Moderate Allocation Fund** LVIP American Balanced Allocation Fund** LVIP American Century Select Mid Cap Managed Volatility Fund** LVIP American Global Balanced Allocation Managed Risk Fund** LVIP American Global Growth Allocation Managed Risk Fund** LVIP American Global Growth Fund** LVIP American Global Small Capitalization Fund** LVIP American Growth Allocation Fund** LVIP American Growth Fund** LVIP American Growth-Income Fund** LVIP American Income Allocation Fund** LVIP American International Fund** LVIP American Preservation Fund** LVIP Baron Growth Opportunities Fund LVIP Blackrock Dividend Value Managed Volatility Fund LVIP BlackRock Global Allocation V.I. Managed Risk Fund** LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund** LVIP BlackRock Inflation Protected Bond Fund LVIP BlackRock Multi-Asset Income Fund LVIP BlackRock Scientific Allocation Fund LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund** LVIP Blended Core Equity Managed Volatility Fund** LVIP Blended Large Cap Growth Managed Volatility Fund LVIP Blended Mid Cap Managed Volatility Fund LVIP Clarion Global Real Estate Fund LVIP ClearBridge Large Cap Managed Volatility Fund** LVIP Delaware Bond Fund LVIP Delaware Diversified Floating Rate Fund LVIP Delaware Social Awareness Fund LVIP Delaware Special Opportunities Fund LVIP Delaware Wealth Builder Fund LVIP Dimensional International Core Equity Fund	Fund of Funds are  identified by  a double asterisk**

B6-6

LVIP Dimensional International Equity Managed Volatility Fund**

LVIP Dimensional U.S. Core Equity 1 Fund

LVIP Dimensional U.S. Core Equity 2 Fund

LVIP Dimensional U.S. Equity Managed Volatility Fund**

LVIP Dimensional/Vanguard Total Bond Fund**

LVIP Fidelity Institutional AMSM Select Core Equity Managed Volatility Fund**

LVIP Franklin Templeton Global Equity Managed Volatility Fund

LVIP Franklin Templeton Multi-Asset Opportunities Fund

LVIP Franklin Templeton Value Managed Volatility Fund**

LVIP Global Aggressive Growth Allocation Managed Risk Fund

LVIP Global Conservative Allocation Managed Risk Fund**

LVIP Global Growth Allocation Managed Risk Fund**

LVIP Global Income Fund

LVIP Global Moderate Allocation Managed Risk Fund**

LVIP Goldman Sachs Income Builder Fund

LVIP Government Money Market Fund

LVIP Invesco Diversified Equity-Income Managed Volatility Fund**

LVIP Invesco Select Equity Managed Volatility Fund**

LVIP JPMorgan High Yield Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund

LVIP Loomis Sayles Global Growth Fund

LVIP MFS International Equity Managed Volatility Fund**

LVIP MFS International Growth Fund

LVIP MFS Value Fund

LVIP Mondrian International Fund

LVIP Multi-Manager Global Equity Managed Volatility Fund**

LVIP PIMCO Low Duration Bond Fund

LVIP SSGA Bond Index Fund

LVIP SSGA Conservative Index Allocation Fund**

LVIP SSGA Conservative Structured Allocation Fund**

LVIP SSGA Developed International 150 Fund

LVIP SSGA Emerging Markets 100 Fund

LVIP SSGA Global Tactical Allocation Managed Volatility Fund**

LVIP SSGA Emerging Markets Index Fund

LVIP SSGA International Index Fund

LVIP SSGA International Managed Volatility Fund**

LVIP SSGA Large Cap 100 Fund

LVIP SSGA Large Cap Managed Volatility Fund**

LVIP SSGA Mid-Cap Index Fund

LVIP SSGA Moderate Index Allocation Fund**

LVIP SSGA Moderate Structured Allocation Fund**

LVIP SSGA Moderately Aggressive Index Allocation Fund**

LVIP SSGA Moderately Aggressive Structured Allocation Fund**

LVIP SSGA S&P 500 Index Fund

LVIP SSGA Short-Term Bond Index Fund

LVIP SSGA Small-Cap Index Fund

LVIP SSGA Small-Mid Cap 200 Fund

LVIP SSGA SMID Cap Managed Volatility Fund**

LVIP T. Rowe Price 2010 Fund**

B6-7

LVIP T. Rowe Price 2020 Fund**

LVIP T. Rowe Price 2030 Fund**

LVIP T. Rowe Price 2040 Fund**

LVIP T. Rowe Price 2050 Fund**

LVIP T. Rowe Price Growth Stock Fund

LVIP T. Rowe Price Structured Mid-Cap Growth Fund

LVIP U.S. Aggressive Growth Allocation Managed Risk Fund

LVIP U.S. Growth Allocation Managed Risk Fund**

LVIP Vanguard Domestic Equity ETF Fund**

LVIP Vanguard International Equity ETF Fund**

LVIP Wellington Capital Growth Fund

LVIP Wellington Mid-Cap Value Fund

LVIP Western Asset Core Bond Fund

Form N-PORT Services and Quarterly Portfolio of Investments Services	Fund Type	Service Type
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST		Standard N-PORT Reporting Solution (Data and Filing) and Quarterly Portfolio of Investments Services
Lincoln iShares® Fixed Income Allocation Fund** Lincoln iShares® Global Growth Allocation Fund** Lincoln iShares® U.S Moderate Allocation Fund** LVIP American Balanced Allocation Fund** LVIP American Century Select Mid Cap Managed Volatility Fund** LVIP American Global Balanced Allocation Managed Risk Fund** LVIP American Global Growth Allocation Managed Risk Fund** LVIP American Global Growth Fund** LVIP American Global Small Capitalization Fund** LVIP American Growth Allocation Fund** LVIP American Growth Fund** LVIP American Growth-Income Fund** LVIP American Income Allocation Fund** LVIP American International Fund** LVIP American Preservation Fund** LVIP Baron Growth Opportunities Fund LVIP Blackrock Dividend Value Managed Volatility Fund LVIP BlackRock Global Allocation V.I. Managed Risk Fund**	Fund of Funds are identified by a double asterisk**	Standard

B6-8

LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund**

LVIP BlackRock Inflation Protected Bond Fund

LVIP BlackRock Multi-Asset Income Fund

LVIP BlackRock Scientific Allocation Fund

LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund**

LVIP Blended Core Equity Managed Volatility Fund**

LVIP Blended Large Cap Growth Managed Volatility Fund

LVIP Blended Mid Cap Managed Volatility Fund

LVIP Clarion Global Real Estate Fund

LVIP ClearBridge Large Cap Managed Volatility Fund**

LVIP Delaware Bond Fund

LVIP Delaware Diversified Floating Rate Fund

LVIP Delaware Social Awareness Fund

LVIP Delaware Special Opportunities Fund

LVIP Delaware Wealth Builder Fund

LVIP Dimensional International Core Equity Fund

LVIP Dimensional International Equity Managed Volatility Fund**

LVIP Dimensional U.S. Core Equity 1 Fund

LVIP Dimensional U.S. Core Equity 2 Fund

LVIP Dimensional U.S. Equity Managed Volatility Fund**

LVIP Dimensional/Vanguard Total Bond Fund**

LVIP Fidelity Institutional AMSM Select Core Equity Managed Volatility Fund**

LVIP Franklin Templeton Global Equity Managed Volatility Fund

LVIP Franklin Templeton Multi-Asset Opportunities Fund

LVIP Franklin Templeton Value Managed Volatility Fund**

LVIP Global Aggressive Growth Allocation Managed Risk Fund

LVIP Global Conservative Allocation Managed Risk Fund**

LVIP Global Growth Allocation Managed Risk Fund**

LVIP Global Income Fund

LVIP Global Moderate Allocation Managed Risk Fund**

LVIP Goldman Sachs Income Builder Fund

LVIP Invesco Diversified Equity-Income Managed Volatility Fund**

LVIP Invesco Select Equity Managed Volatility Fund**

LVIP JPMorgan High Yield Fund

LVIP JPMorgan Retirement Income Fund

LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund

LVIP Loomis Sayles Global Growth Fund

LVIP MFS International Equity Managed Volatility Fund**

LVIP MFS International Growth Fund

LVIP MFS Value Fund

LVIP Mondrian International Fund

LVIP Multi-Manager Global Equity Managed Volatility Fund**

LVIP PIMCO Low Duration Bond Fund

LVIP SSGA Bond Index Fund

LVIP SSGA Conservative Index Allocation Fund**

LVIP SSGA Conservative Structured Allocation Fund**

LVIP SSGA Developed International 150 Fund

B6-9

LVIP SSGA Emerging Markets 100 Fund

LVIP SSGA Global Tactical Allocation Managed Volatility Fund**

LVIP SSGA Emerging Markets Index Fund

LVIP SSGA International Index Fund

LVIP SSGA International Managed Volatility Fund**

LVIP SSGA Large Cap 100 Fund

LVIP SSGA Large Cap Managed Volatility Fund**

LVIP SSGA Mid-Cap Index Fund

LVIP SSGA Moderate Index Allocation Fund**

LVIP SSGA Moderate Structured Allocation Fund**

LVIP SSGA Moderately Aggressive Index Allocation Fund**

LVIP SSGA Moderately Aggressive Structured Allocation Fund**

LVIP SSGA S&P 500 Index Fund

LVIP SSGA Short-Term Bond Index Fund

LVIP SSGA Small-Cap Index Fund

LVIP SSGA Small-Mid Cap 200 Fund

LVIP SSGA SMID Cap Managed Volatility Fund**

LVIP T. Rowe Price 2010 Fund**

LVIP T. Rowe Price 2020 Fund**

LVIP T. Rowe Price 2030 Fund**

LVIP T. Rowe Price 2040 Fund**

LVIP T. Rowe Price 2050 Fund**

LVIP T. Rowe Price Growth Stock Fund

LVIP T. Rowe Price Structured Mid-Cap Growth Fund

LVIP U.S. Aggressive Growth Allocation Managed Risk Fund

LVIP U.S. Growth Allocation Managed Risk Fund**

LVIP Vanguard Domestic Equity ETF Fund**

LVIP Vanguard International Equity ETF Fund**

LVIP Wellington Capital Growth Fund

LVIP Wellington Mid-Cap Value Fund

LVIP Western Asset Core Bond Fund

Form N-CEN Services

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

              Including LVIP Government Money Market Fund

B6-10

IN WITNESS WHEREOF, the undersigned, by their authorized representatives, have executed this Annex 1 as of the last signature date set forth below.

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST		STATE STREET BANK AND TRUST COMPANY
By:	/s/ William P. Flory, Jr.	By:	/s/ Andrew Erickson
Name:	William P. Flory, Jr.	Name:	Andrew Erickson
Title:	Vice President	Title:	Executive Vice President
Address:	1300 South Clinton Street Fort Wayne, IN 46802	Address:	One Lincoln Street Boston, MA 02111
Date:	June 26, 2018	Date:	June 25, 2018

B6-11

SCHEDULE B7

Fund Accounting Services

State Street shall maintain the books of account of each Fund and shall perform the following duties in the manner prescribed by such Fund’s Governing Documents:

a. Record general ledger entries;

b. Accrue/calculate daily expenses;

c. Calculate daily income;

d. Reconcile daily activity to the trial balance;

e. Calculate net asset value (“NAV”); and

f. Prepare account balances.

Each Fund shall provide timely prior notice to State Street of any modification in the manner in which such calculations are to be performed as prescribed in any revision to such Fund’s Governing. State Street shall not be responsible for any revisions to calculations methods unless such revisions are communicated in writing to State Street.

B7-1