AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
CREDIT SUISSE ASSET MANAGEMENT, LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and CREDIT SUISSE ASSET MANAGEMENT, LLC, a Delaware limited
liability company and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 16, 2007 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide sub-investment advisory services to
certain investment portfolios of the JNL Series Trust.
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.
WHEREAS, in order to effectuate a fee reduction for the JNL/Credit Suisse
Long/Short Fund, Schedule B must be amended.
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 July 1, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of July, 2008.
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC CREDIT SUISSE ASSET MANAGEMENT, LLC
By: ______________________________ By: ______________________________
Name: XXXX X. XXXXX Name:______________________________
Title: PRESIDENT Title: ____________________________
SCHEDULE B
JULY 1, 2008
(Compensation)
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JNL/CREDIT SUISSE GLOBAL NATURAL RESOURCES FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $100 Million 0.45%
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$100 Million to $300 Million 0.40%
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Amounts over $300 Million 0.35%
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----------------------------------------------------------------------------
JNL/CREDIT SUISSE LONG/SHORT FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $150 Million 0.45%
------------------------------------------------------- --------------------
$150 Million to $300 Million 0.40%
------------------------------------------------------- --------------------
Amounts over $300 Million 0.35%
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