EX-99.h.6
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL VARIABLE FUND V 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 V 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 January 31, 2001 ("Agreement"), whereby the
Administrator agreed to provide certain administrative services to the
investment portfolios of the JNL Variable Fund V LLC (each a "Fund"); and
WHEREAS, pursuant to the Agreement, each Fund agreed to pay the
Administrator for the services provided and the expenses assumed by each Fund as
set forth in Schedule B to the Agreement, and the Administrator agreed to accept
such fee as full compensation under the Agreement for such services and expenses
which included charges for services and expenses of the Managers; and
WHEREAS, in order to reflect a change in sub-adviser, the names of the
Funds have been changed.
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 September 25, 2003, attached
hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated September 25, 2003, attached
hereto.
IN WITNESS WHEREOF, the Administrator and the JNL Variable Fund have
caused this Amendment to be executed as of this 25th day of September, 2003.
XXXXXXX NATIONAL ASSET JNL VARIABLE FUND V LLC
MANAGEMENT, LLC
By: By:
------------------------------- ------------------------------
Name: Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxx
---------------------------- -----------------------------
Title: Chief Financial Officer Title: President
---------------------------- --------------------------
SCHEDULE A
DATED SEPTEMBER 25, 2003
JNL/Curian The DowSM Target 10 Fund
SCHEDULE B
DATED SEPTEMBER 25, 2003
Fund Fee
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JNL/Curian The DowSM Target 10 Fund .15%
