Amendment to Amended and Restated Administration Agreement Between JNL Variable Fund LLC and
Amendment to
Amended and Restated Administration Agreement
Between JNL Variable Fund LLC and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Administrator”), and JNL Variable Fund LLC, a Delaware limited liability company (“Fund”).
Whereas, the Administrator and the Fund entered into an Amended and Restated Administration Agreement effective February 28, 2012, as amended (“Agreement”), whereby the Administrator agreed to provide certain administrative services to several separate fund of shares (each a “fund”) of the Fund, as listed on Schedule A of the Agreement.
Whereas, pursuant to the Agreement, the Fund agreed to pay the Administrator for the services provided and the expenses assumed by the Administrator a fee as set forth on Schedule B to the Agreement, and the Administrator agreed to accept such fee as full compensation under the Agreement for such services and expenses.
Whereas, the Fund and the Administrator agree to amend the fees as forth on Schedule B to the Agreement to reflect certain fee reductions.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
| 1. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 1, 2015, attached hereto. |
| 2. | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 3. | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Administrator and the Fund have caused this Amendment to be executed as of this 1st day of September 2015, effective October 1, 2015.
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Xxxxxxx National Asset Management, LLC
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By:
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/s/ Xxxxxxx X. Xxxxxx
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By:
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/s/ Xxxx X. Xxxxx
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Name:
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Xxxxxxx X. Xxxxxx
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Name:
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Xxxx X. Xxxxx
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Title:
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Assistant Secretary
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Title:
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President and CEO
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Schedule B
Dated October 1, 2015
Class A & B Shares
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Funds
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Assets
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Fee
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JNL/Mellon Capital Dow Index Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Global 30 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Nasdaq® 25 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital S&P® 24 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital S&P® XXxx 60 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital JNL 5 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Communications Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Consumer Brands Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Financial Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Healthcare Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Oil & Gas Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Technology Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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B-1
