Exhibit 23H5B
Form of
AMENDMENT TO SERVICE AGREEMENT
This Amendment to the Service Agreement ("Agreement") dated the 1st day of
May, 2003, between Delaware Management Company, a Series of Delaware Management
Business Trust, and The Lincoln National Life Insurance Company, (the
"Company") is effective as of May 1, 2005.
AMENDMENT
For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties agree to amend the Agreement as follows:
1. Exhibit A of this Agreement shall be deleted and replaced with the
attached Exhibit A.
2. All other terms of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to
be executed in its name and behalf by its duly authorized officer on the date
specified below.
Delaware Management Company,
A Series of Delaware Management
Business Trust
Date: ___________ By:
-------------------------------
Name:
Title:
The Lincoln National Life Insurance
Company
Date: ___________ By:
-------------------------------
Name: Rise X.X. Xxxxxx
Title: Vice President
135945/6
Exhibit A
As of May 1, 2005
Service Fee Rates
Aggressive Growth Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2374% 0 - $200,000,000
.1874% on $200,000,001 to $250,000,000
.2374% on $250,000,001 to $400,000,000
.1874% on $400,000,001 and above
Bond Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.3003% 0 - $200,000,000
.2203% on $200,000,001 to $400,000,000
.1203% on $400,000,001 and above
Capital Appreciation Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.1874% 0 - $100,000,000
.2374% on $100,000,001 to $500,000,000
.2374% on $500,000,001 and above
Core Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- ----------------------------
0.2774% 0 - $500,000,000
0.3274% on $500,000,001 and above
Equity Income Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- ----------------------------
.2574% 0 - $500,000,000
.2074% on $500,000,001 and above
Global Asset Allocation Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2674% 0 - $200,000,000
.2674% on $200,000,001 to $400,000,000
.2674% on $400,000,001 and above
2
Growth Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- ----------------------------
0.3274% 0 - $500,000,000
0.3774% on $500,000,001 and above
Growth & Income Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2674% 0 - $200,000,000
.1874% on $200,000,001 to $400,000,000
.0874% on $400,000,001 and above
Growth Opportunities Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
0.4774% 0 - $100,000,000
0.5274% on $100,000,001 to $300,000,000
0.5774% on $300,000,001 to $500,000,000
0.6024% on $500,000,001 and above
International Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.3874% 0 - $200,000,000
.3374% on $200,000,001 to $400,000,000
.1874% on $400,000,001 and above
Managed Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2891% 0 - $200,000,000
.2091% on $200,000,001 to $400,000,000
.1091% on $400,000,001 and above
Money Market Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.3003% 0 - $200,000,000
.2203% on $200,000,001 to $400,000,000
.1203% on $400,000,001 and above
3
Social Awareness Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2674% 0 - $200,000,000
.1874% on $200,000,001 to $400,000,000
.0874% on $400,000,001 and above
Special Opportunities Fund
Fund's Daily Net Asset Value
Annual Rate (owned by all shareholders)
----------- -------------------------------
.2674% 0 - $200,000,000
.1874% on $200,000,001 to $400,000,000
.0874% on $400,000,001 and above
The Service Fee payable on the Profile Funds will be the balance, if any, of
the Investment Advisory Fee that remains after the sub-advisory fees are paid
by Delaware Management Company to the Sub-advisor, and the deduction of 1.26
basis points.
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