Amendment to Curian/AQR Risk Parity Fund Ltd. Administration Agreement between Curian Capital, LLC and Curian/AQR Risk Parity Fund Ltd.

EX 99.28 (h)(3)(ii)

Amendment to

Curian/AQR Risk Parity Fund Ltd. Administration Agreement between

Curian Capital, LLC and Curian/AQR Risk Parity Fund Ltd.

This Amendment is made by and Curian/AQR Risk Parity Fund Ltd., an exempt company organized under the Companies law of the Cayman Islands (“Company”), and a wholly-owned subsidiary of Curian/AQR Risk Parity Fund (“Fund”), a series of Curian Variable Series Trust ("Trust"), an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"), and Curian Capital, LLC, a Michigan limited liability company (“Administrator”).

Whereas, the Administrator and Company are parties to an Administration Agreement dated September 16, 2013, as amended (“Agreement”), whereby the Administrator agreed to agreed to perform certain administrative services for the Company.

Whereas, the parties have agreed to amend Section 15, “Term of Agreement,” in order to clarify the annual approval date of the Agreement.

Now Therefore, the parties hereby agree to amend the Agreement as follows:

Section 15, “Term of Agreement,” is deleted and replaced in its entirety with the following:

15.  Term Of Agreement

The term of this Agreement shall begin on the date first above written and, unless sooner terminated as hereinafter provided, this Agreement shall remain in effect through December 31, 2014.  Thereafter, in each case this Agreement shall continue in effect with respect to the Company from year to year through December 31st, subject to the termination provisions and all other terms and conditions hereof; provided, such continuance is approved at least annually by vote or written consent of the Directors, and provided further, that neither party has terminated the Agreement in accordance with Section 17.  The Administrator shall furnish the Company, promptly upon its request, such information as may reasonably be necessary to evaluate the terms of this Agreement or any extension, renewal or amendment thereof.

In Witness Whereof, the Administrator and the Company have caused this Amendment to be executed as of December 16, 2013 effective as of December 31, 2013.  This Amendment may be executed in two or more counterparts, which together shall constitute one document.

					Curian/AQR Risk Parity Fund Ltd.
	Attest:	/s/ Xxxxxx X. Xxxxx		By:	/s/ Xxxxxx X. Xxxxx
		Xxxxxx X. Xxxxx			Xxxxxx X. Xxxxx
				Title:	Director, Chief Financial Officer, and Treasurer
					Curian Capital, LLC
	Attest:	/s/ Xxxxxx X. Xxxxx		By:	/s/ Xxxxxxx X. Xxxx
		Xxxxxx X. Xxxxx			Xxxxxxx X. Xxxx
				Title:	President and Chief Executive Officer