EX-99.23(h)(25)
AMENDMENT
TO
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 ("JNL Variable Fund").
WHEREAS, the Administrator and the JNL Variable Fund entered into an
Administration Agreement dated as of December 15, 2004 ("Agreement"), whereby
the Administrator agreed to provide certain administrative services to the
investment portfolios of the JNL Variable Fund LLC (each a "Fund");
WHEREAS, pursuant to the Agreement, each Fund and the Administrator agreed
to certain expenses assumed by each Fund and the Administrator as payment for
certain services and expenses;
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Section 2.2.12 is added to the Agreement:
2.2.12 ANTI-MONEY LAUNDERING ("AML") SERVICE FEE. For all expenses
related to AML Services paid to Xxxxxxx National Life Insurance
Company.
2. This Amendment may be executed in two or more counterparts which
together shall constitute one document.
IN WITNESS WHEREOF, the Administrator and the JNL Variable Fund LLC have
caused this Amendment to be executed as of this 1st day of September, 2006.
XXXXXXX NATIONAL ASSET JNL VARIABLE FUND LLC
MANAGEMENT, LLC
By: ___/s/ Xxxx X. Nerud____________ By: _____/s/ Xxxxxx X. Fritts_______
Name: Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxx
Title: Chief Financial Officer Title: President