AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
▇▇▇▇▇▇▇ NATIONAL ASSET MANAGEMENT, LLC
AND
CREDIT SUISSE ASSET MANAGEMENT, LLC
This AMENDMENT is made by and between ▇▇▇▇▇▇▇ 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 ("Trust").
WHEREAS, in connection with an investment strategy change for the
JNL/Credit Suisse Global Natural Resources Fund of the Trust, the name of said
Fund will change to the JNL/Credit Suisse Commodity Securities Fund.
WHEREAS, in order to reflect this Fund name change, Schedule A and 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 A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated September 28, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated September 28, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 28th day of September, 2009.
▇▇▇▇▇▇▇ NATIONAL ASSET MANAGEMENT, LLC CREDIT SUISSE ASSET MANAGEMENT, LLC
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇
Title: PRESIDENT Title: Director
SCHEDULE A
SEPTEMBER 28, 2009
(Funds)
----------------------------------------------------------------------------
JNL/Credit Suisse Commodity Securities Fund
----------------------------------------------------------------------------
JNL/Credit Suisse Long/Short Fund
----------------------------------------------------------------------------
SCHEDULE B
SEPTEMBER 28, 2009
(Compensation)
----------------------------------------------------------------------------
JNL/CREDIT SUISSE COMMODITY SECURITIES FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
------------------------------------------------------- --------------------
$0 to $100 Million 0.40%
------------------------------------------------------- --------------------
$100 Million to $400 Million 0.35%
------------------------------------------------------- --------------------
Amounts over $400 Million 0.30%
------------------------------------------------------- --------------------
----------------------------------------------------------------------------
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%
------------------------------------------------------- --------------------
