0000757551-07-000005 Sample Contracts

INVESTMENT SUBADVISORY AGREEMENT VALUE PORTFOLIO
Investment Subadvisory Agreement • February 21st, 2007 • Jefferson Pilot Variable Fund Inc • New Hampshire

THIS AGREEMENT, made this 15th day of November, 2006, is between JEFFERSON PILOT INVESTMENT ADVISORY CORPORATION, a Tennessee corporation with offices at One Granite Place, Concord, New Hampshire, 03301 (the “Investment Manager”) and Massachusetts Financial Services Company, (the “Subadviser”) a Delaware corporation with offices at 500 Boylston Street, Boston, Massachusetts 02116.

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