EX-99.h.9
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL VARIABLE FUND III 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 III 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 III LLC (each a "Fund");
WHEREAS, paragraph 15, entitled "Term of Agreement," has been revised;
and
WHEREAS, in order to reflect a change in sub-adviser, the name of the
Fund has been changed.
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree to amend the Agreement as follows:
1. The following sentence should be added to the end of paragraph 15,
entitled "Term of Agreement:"
15. However, the addition or deletion of a Fund
reflecting changes that have been formally approved
by resolution by the Board of Managers will not
require approval by the Board of Managers.
2. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated February 18, 2004, attached hereto.
3. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated February 18, 2004, attached hereto.
IN WITNESS WHEREOF, the Administrator and the JNL Variable Fund have
caused this Amendment to be executed as of this 18th day of February, 2004.
XXXXXXX NATIONAL ASSET JNL VARIABLE FUND III LLC
MANAGEMENT, LLC
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxxx
------------------------- ---------------------------------------
Name: Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxx
---------------------- -----------------------------
Title: President Title: President
SCHEDULE A
DATED FEBRUARY 18, 2004
JNL/Mellon Capital Management The DowSM 10 Fund
SCHEDULE B
DATED FEBRUARY 18, 2004
Fund Fee
JNL/Mellon Capital Management The DowSM 10 Fund .15%