Common use of Liability and Warranties Clause in Contracts

Liability and Warranties. While the Custodian will take reasonable precautions to ensure that information provided is accurate the Custodian shall have no liability with respect to information provided to it by third parties. Due to the nature and source of information, and the necessity of relying on various information sources, most of which are external to the Custodian, the Custodian shall have no liability for direct or indirect use of such information. The Custodian makes no other warranty or representation, either express or implied, as to the merchantability or fitness for any particular purpose of the information provided under this Appendix D Acknowledged: ---------------------------- --------------------------- JNL Variable Fund LLC Boston Safe Deposit and Trust Company JNL Variable Fund III LLC JNL Variable Fund V LLC APPENDIX E LIST OF SERIES JNL VARIABLE FUND LLC Series: JNL/First Trust The Dow(SM) Target 5 Series JNL/First Trust The Dow(SM) Target 10 Series JNL/First Trust The S&P(R) Target 10 Series JNL/First Trust Global Target 15 Series JNL/First Trust Target 25 Series JNL/First Trust Target Small-Cap Series JNL/First Trust Technology Sector Series JNL/First Trust Pharmaceutical/Healthcare Sector Series JNL/First Trust Financial Sector Series JNL/First Trust Energy Sector Series JNL/First Trust Leading Brands Sector Series JNL/First Trust Communications Sector Series JNL VARIABLE FUND III LLC Series JNL/First Trust The Dow(SM) Target 10 Series JNL VARIABLE FUND V LLC Series JNL/First Trust The Dow(SM) Target 10 Series

Liability and Warranties. While the Custodian will take reasonable precautions to ensure that information provided is accurate the Custodian shall have no liability with respect to information provided to it by third parties. Due to the nature and source of information, and the necessity of relying on various information sources, most of which are external to the Custodian, the Custodian shall have no liability for direct or indirect use of such information. The Custodian makes no other warranty or representation, either express or implied, as to the merchantability or fitness for any particular purpose of the information provided under this Appendix D Acknowledged: /s/ Susan Rhee /s/ Stephen Stranahan ---------------------------- --------------------------- ------------------------------ JNL Variable Fund LLC Boston Safe Deposit and Trust Company JNL Variable Fund III LLC JNL Variable Fund V LLC JNLNY Variable Fund I LLC APPENDIX E LIST OF SERIES (as of December 31, 2001) JNL VARIABLE FUND LLC Series: JNL/First Trust The Dow(SM) Target 5 Series JNL/First Trust The Dow(SM) Target 10 Series JNL/First Trust The S&P(R) Target 10 Series JNL/First Trust Global Target 15 Series JNL/First Trust Target 25 Series JNL/First Trust Target Small-Cap Series JNL/First Trust Technology Sector Series JNL/First Trust Pharmaceutical/Healthcare Sector Series JNL/First Trust Financial Sector Series JNL/First Trust Energy Sector Series JNL/First Trust Leading Brands Sector Series JNL/First Trust Communications Sector Series JNL VARIABLE FUND III LLC Series JNL/First Trust The Dow(SM) Target 10 Series JNL VARIABLE FUND V LLC Series JNL/First Trust The Dow(SM) Target 10 Series JNLNY VARIABLE FUND I LLC Series JNL/First Trust The Dow (SM) Target 10 Series

Liability and Warranties. While the Custodian will take reasonable precautions to ensure that information provided is accurate the Custodian shall have no liability with respect to information provided to it by third parties. Due to the nature and source of information, and the necessity of relying on various information sources, most of which are external to the Custodian, the Custodian shall have no liability for direct or indirect use of such information. The Custodian makes no other warranty or representation, either express or implied, as to the merchantability or fitness for any particular purpose of the information provided under this Appendix D Acknowledged: ---------------------------- --------------------------- ------------------------------ JNL Variable Fund LLC Boston Safe Deposit and Trust Company JNL Variable Fund III LLC JNL Variable Fund V LLC JNLNY Variable Fund I LLC APPENDIX E LIST OF SERIES (as of December __, 2001) JNL VARIABLE FUND LLC Series: JNL/First Trust The Dow(SM) Target 5 Series JNL/First Trust The Dow(SM) Target 10 Series JNL/First Trust The S&P(R) Target 10 Series JNL/First Trust Global Target 15 Series JNL/First Trust Target 25 Series JNL/First Trust Target Small-Cap Series JNL/First Trust Technology Sector Series JNL/First Trust Pharmaceutical/Healthcare Sector Series JNL/First Trust Financial Sector Series JNL/First Trust Energy Sector Series JNL/First Trust Leading Brands Sector Series JNL/First Trust Communications Sector Series JNL VARIABLE FUND III LLC Series JNL/First Trust The Dow(SM) Target 10 Series JNL VARIABLE FUND V LLC Series JNL/First Trust The Dow(SM) Target 10 Series JNLNY VARIABLE FUND I LLC Series JNL/First Trust The Dow (SM) Target 10 Series