John Hancock Investment Management Services, LLC 601 Congress Street Boston, MA 02210-2805 March 23, 2012

Exhibit (h)(14)

Xxxx Xxxxxxx Investment Management Services, LLC 000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000-0000
		March 23, 2012

To the Trustees of Xxxx Xxxxxxx Variable Insurance Trust and Xxxx Xxxxxxx Funds II

000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000

Re:      Agreement to Waive Advisory Fees and Reimburse Expenses

     With reference to the Advisory Agreement by and between Xxxx Xxxxxxx Investment Management Services, LLC (the “Adviser”) and Xxxx Xxxxxxx Variable Insurance Trust, formerly known as Xxxx Xxxxxxx Trust (“JHVIT”), dated September 26, 2008, as amended, and the Advisory Agreement by and between the Adviser and Xxxx Xxxxxxx Funds II (“JHF II”), dated September 26, 2008, as amended, we hereby notify you as follows:

     1. The Adviser agrees to waive its management fee for certain portfolios of JHVIT and JHF II or otherwise reimburse the expenses of those portfolios as set forth below (the “Reimbursement”).

     2. The Reimbursement shall apply to all portfolios of JHVIT and JHF II on the date of this Agreement, except those noted below, and to all future portfolios of JHVIT and JHF II to which the Adviser agrees this Agreement should apply (the “Participating Portfolios”).

The Reimbursement shall not apply to the following portfolios of JHVIT:

Each Lifestyle Trust
Each Lifecycle Trust
Each Lifestyle PS Series
Core Strategy Trust
Franklin Xxxxxxxxx Founding Allocation Trust
American Fundamental Holdings Trust
American Global Diversification Trust
Core Diversified Growth & Income Trust

Core Fundamental Holdings Trust
Core Global Diversification Trust
Core Allocation Trust
Core Balanced Trust
Core Balanced Strategy Trust
Core Disciplined Diversification Trust

Exhibit (h)(14)

Xxxx Xxxxxxx Investment Management Services, LLC

000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000-0000

The reimbursement shall not apply to the following portfolios of JHF II:

Each Lifecycle Portfolio
Each Lifestyle Portfolio
Each Retirement Portfolio
Retirement Distribution Portfolio
Retirement Rising Distribution Portfolio
Alternative Asset Allocation Fund
Core Fundamental Holdings Portfolio
Core Global Diversification Portfolio
Core Diversified Growth & Income Portfolio
Diversified Strategies Fund

     3. The Reimbursement shall equal, on an annualized basis:

0.01% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $75 billion but is less than $100 billion; and

0.015% of that portion of the aggregate net assets of all the Participating Portfolio that equals or exceeds $100 billion.

The amount of the Reimbursement shall be calculated daily and allocated among all the Participating Portfolios in proportion to the daily net assets of each such portfolio.

     4. The Reimbursement with respect to JHVIT may be terminated or modified at any time by the Adviser upon notice to JHVIT and approval of the Board of Trustees of JHVIT. The Reimbursement with respect to JHF II may be terminated or modified at any time by the Adviser upon notice to JHF II and approval of the Board of Trustees of JHF II.

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Exhibit (h)(14)

Xxxx Xxxxxxx Investment Management Services, LLC

000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000-0000

     5. This Agreement is effective as of March 23, 2012 and supersedes the prior Letter Agreements from the Adviser to the Trustees of JHVIT and JHF II relating to the same subject matter.

Very truly yours,

	XXXX XXXXXXX INVESTMENT MANAGEMENT SERVICES, LLC
	By:
	Name:	Xxxxxxx X. Xxxx
	Title:	Chief Financial Officer

ACCEPTED BY:

XXXX XXXXXXX VARIABLE INSURANCE TRUST,
On behalf of the series of Xxxx Xxxxxxx Variable Insurance Trust identified as Participating Portfolios

XXXX XXXXXXX FUNDS II,
On behalf of the series of Xxxx Xxxxxxx Funds II identified as Participating Portfolios

		By:
		Name:		Xxxxxx Xxxxxx
		Title:		Executive Vice President

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