AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL FINANCIAL SERVICES, LLC
AND
X. XXXX PRICE ASSOCIATES, INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL FINANCIAL
SERVICES, LLC, a Michigan limited liability company and registered investment
adviser ("Adviser"), and X. XXXX PRICE ASSOCIATES, INC., a Maryland corporation
and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of February 20, 1995 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Advisor a sub-advisory fee as set forth on Schedule B to the Agreement, and
the Sub-Adviser agreed to accept such sub-advisory fee as full compensation
under the Agreement for such services and expenses; and
WHEREAS, the Adviser desires to appoint Sub-Adviser to provide, and
Sub-Adviser has agreed to provide, additional sub-investment advisory services a
new investment portfolio of the JNL Series Trust, effective upon execution or,
if later, the date that initial capital for such investment portfolio is first
provided.
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated May 1, 2000, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated May 1, 2000, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 29th day of February, 2000.
XXXXXXX NATIONAL FINANCIAL X. XXXX PRICE ASSOCIATES, INC.
SERVICES, LLC
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
-------------------- -------------------
Name: Xxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxx
-------------------- -------------------
Title: President Title: Vice President
-------------------- --------------------
SCHEDULE A
DATED MAY 1, 2000
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL FINANCIAL SERVICES, LLC
AND
X. XXXX PRICE ASSOCIATES, INC.
(Fund)
X. Xxxx Price/JNL Established Growth Series
X. Xxxx Price/JNL Mid-Cap Growth Series
X. Xxxx Price/JNL Value Series
SCHEDULE B
DATED MAY 1, 2000
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL FINANCIAL SERVICES, LLC
AND
X. XXXX PRICE ASSOCIATES, INC.
(Compensation)
X. Xxxx Price Established Growth Series
Average Daily Net Assets Annual Rate
$0 to $20 million 0.45%
$20 to $50 million 0.40%
$50 to $200 million 0.40%*
Above $200 million 0.40%
X. Xxxx Price/JNL Mid-Cap Growth Series
Average Daily Net Assets Annual Rate
$0 to $20 million 0.60%
$20 to $50 million 0.50%
$50 to $200 million 0.50%*
Above $200 million 0.50%
*When average daily net assets exceed this amount, the annual rate asterisked is
applicable to all the amounts in the X. Xxxx Price/JNL Established Growth and X.
Xxxx Price/JNL Mid-Cap Growth Series, respectively.
X. Xxxx Price/JNL Value Series
Average Daily Net Assets Annual Rate
$0 to $50 million 0.50%
Amounts over $50 million 0.40%