SCHEDULE I (FIXED INCOME), DATED JANUARY 13, 2023, TO MULTIPLE CLASS OF SHARES PLAN FOR VIP FUNDS

Variable Insurance Products Fund V

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Asset Manager Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Asset Manager: Growth Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Bond Index Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2005 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2010 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2015 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2020 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2025 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2030 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2035 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2040 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2045 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2050 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2055 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2060 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2065 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom Income Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 20% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 30% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 40% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 50% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 60% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 70% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 85% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Government Money Market Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Investment Grade Bond Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Investment Grade Bond II Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Strategic Income Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Target Volatility Portfolio:
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none