John Hancock Investment Management Services, LLC

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

December 12, 2012

To the Trustees of:
▇▇▇▇ ▇▇▇▇▇▇▇ Funds II
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Re: Amended and Restated Expense Limitation Agreement and Voluntary Expense Limitation Notice

With reference to the Amended and Restated Advisory Agreement dated September 26, 2008, entered into by and between ▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC (the “Adviser”) and ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II (the “Trust”), as amended, on behalf of each series of the Trust (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:

1. The Adviser agrees to waive its management fee for each Fund or, to the extent necessary, bear other expenses, as set forth in the Appendix attached hereto. As noted in the Appendix, certain waivers are voluntary and may be terminated at any time by the Adviser upon notice to the Trust.

2. We understand and intend that you will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statement on Form N-1A for the Trust and the Funds with the Securities and Exchange Commission and in accruing each Fund’s expenses for purposes of calculating its net asset value per share and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit you so to rely.

Very truly yours,

▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT SERVICES, LLC

By:
		Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
		Title: Chief Financial Officer
ACCEPTED BY:
▇▇▇▇ ▇▇▇▇▇▇▇ FUNDS II
By:
		Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
		Title: Chief Financial Officer

APPENDIX A
Fund Level Contractual Expense Limitations

— The Adviser contractually agrees to reduce its management fee for each Fund listed below, or if necessary make payment to the Fund, in an amount equal to the amount by which the “ Other Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund set forth below. “Other Expenses” means the expenses of the Fund, excluding (a) advisory fees (b) taxes, (c) brokerage commissions, (d) interest expense, (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense.

For the following Funds the current expense limitation agreement expires on December 31, 2013 (December 31, 2014 in the case of Asia Total Return Bond Fund), unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Asia Total Return Bond Fund			0.15	%
Short Term Government Income Fund			0.08	%
Core Diversified Growth & Income Portfolio			0.06	%
Core Fundamental Holdings Portfolio			0.06	%
Core Global Diversification Portfolio			0.06	%
Retirement Living through 2050 Portfolio			0.05	%
Retirement Choices at 2050 Portfolio			0.05	%
Retirement Choices at 2045 Portfolio			0.05	%
Retirement Choices at 2040 Portfolio			0.05	%
Retirement Choices at 2035 Portfolio			0.05	%
Retirement Choices at 2030 Portfolio			0.05	%
Retirement Choices at 2025 Portfolio			0.05	%
Retirement Choices at 2020 Portfolio			0.05	%
Retirement Choices at 2015 Portfolio			0.05	%
Retirement Choices at 2010 Portfolio			0.05	%

APPENDIX B
Class Level Contractual Expense Limitations

For each Fund listed in the table below, the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.

“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense. The current expense limitation agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Expiration

Date of

Class

Class

Class

Class

Class

Class

Class

Class

Class

Expense

Fund

Class A

B

C

I

R1

R2

R3

R4

R5

Class R6

NAV

Limit

China Emerging Leaders Fund

1.80

%

N/A

N/A

1.44

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2012

Currency Strategies Fund

1.60

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1.05

%

N/A

November 30, 2013

Fundamental All Cap Core Fund

1.30% (expires on 11/30/13)

N/A

2.00

%

0.94% (effective 1/1/13 and expires on 11/30/13; 0.84% until 12/31/12)

1.59

%

N/A

1.49

%

1.19

%

0.89

%

N/A

N/A

December 31, 2012 (except for Class A and Class I as noted)

Fundamental Large Cap Core Fund

1.30% (expires on 11/30/13)

N/A

2.00

%

0.94% (effective 1/1/13 and expires on 11/30/13; 0.84% until 12/31/12)

1.59

%

N/A

1.49

%

1.19

%

0.89

%

N/A

N/A

December 31, 2012 (except for Class A and Class I as noted)

Expiration

Date of

Class

Class

Class

Class

Class

Class

Class

Class

Class

Expense

Fund

Class A

B

C

I

R1

R2

R3

R4

R5

Class R6

NAV

Limit

Fundamental Large Cap Value Fund

1.30% (expires on 11/30/13)

N/A

2.00

%

0.94% (effective 1/1/13 and expires on 11/30/13; 0.84% until 12/31/12)

1.59

%

N/A

1.49

%

1.19

%

0.89

%

N/A

N/A

December 31, 2012 (except for Class A, Class I and Class NAV as noted)

Global Absolute Return Strategies Fund

1.95

%

N/A

2.65

%

1.59

%

N/A

2.00

%

N/A

N/A

N/A

1.50

%

N/A

November 30, 2013

International Growth Equity Fund

1.35

%

N/A

N/A

1.10

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

January 31, 2015

Emerging Markets Fund

1.75% (expires on 12/31/13)

N/A

2.45

%

1.29

%

2.04

%

N/A

1.94

%

1.64

%

1.34

%

1.22% (expires on 12/31/13)

N/A

December 31, 2012 (except for Class A and Class R6 as noted)

Emerging Markets Debt Fund

1.35

%

N/A

N/A

0.98

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2012

Floating Rate Income Fund

1.20

%

1.95

%

1.95

%

0.95% (expires on 12/31/12)

N/A

N/A

N/A

N/A

N/A

0.81

%

N/A

December 31, 2013 (except for Class I as noted)

Natural Resources Fund

1.58

%

N/A

N/A

1.38

%

N/A

N/A

N/A

N/A

N/A

1.28

%

N/A

December 31, 2013

Strategic Income Opportunities Fund

1.17

%

N/A

1.87

%

N/A

N/A

1.22

%

N/A

N/A

N/A

0.83

%

N/A

December 31, 2013

U.S. Equity Fund

1.35

%

N/A

N/A

0.89

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2013

APPENDIX C
Class Level Voluntary Expense Limitations

For each Fund listed in the table below, the Adviser voluntarily agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.

“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense. The Adviser may terminate these voluntary waivers at any time upon notice to the Trust.

Effective

Date of

Class

Class

Class

Class

Class

Class

Class

Class

Class

Expense

Fund

Class A

B

C

I

R1

Class R2

R3

R4

R5

R6

NAV

Limit

China Emerging Leaders Fund

1.80

%

N/A

N/A

1.44

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

January 1, 2013 (contractual until December 31, 2012)

Emerging Markets Debt Fund

1.35

%

N/A

N/A

0.98

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

January 1, 2013 (contractual until December 31, 2012)

Global High Yield Fund

1.30

%

N/A

N/A

1.10

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 1, 2012 (contractual until November 30, 2012)

Multi-Sector Bond Fund

1.25

%

N/A

N/A

1.05

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 1, 2012 (contractual until November 30, 2012)

Diversified Strategies Fund

1.22

%

N/A

N/A

0.80

%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 1, 2012 (contractual until November 30, 2012)

APPENDIX D
Fund Level Investment Management Fee Waivers

Global Fund
International Value Fund
Natural Resources Fund
Small Cap Opportunities Fund
Smaller Company Growth Fund
Strategic Equity Allocation Fund

The Adviser contractually agrees to waive its management fee for each Fund in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current expense limitation agreement expires on December 31, 2013 (December 31, 2012 in the case of Global Fund and March 26, 2013 in the case of Strategic Equity Allocation Fund), unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

International Opportunities Fund
Strategic Equity Allocation Fund

The Adviser voluntarily agrees to waive its management fee for the Funds in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust. The voluntarily waiver agreement for Strategic Equity Allocation Fund takes effect immediately upon the expiration of the contractual waiver arrangement for the Fund set forth in the paragraph above.

APPENDIX E
Retirement Living Portfolios’ Class Only Expense Limitation Agreement

Retirement Living Portfolios

— The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the Lifecycle Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2013 (December 31, 2012 in the case of Class I), unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

						Class				Class				Class				Class				Class				Class				Class
Portfolio		Class A				R1				R2				R3				R4				R5				R6				I
Retirement Living through 2050			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2045			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2040			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2035			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2030			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2025			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2020			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2015			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%
Retirement Living through 2010			0.50	%			0.75	%			0.50	%			0.65	%			0.25	%			0.05	%			0.00	%			0.10	%

APPENDIX F
Lifestyle Portfolios’ Class Only Expense Limitation Agreement

Lifestyle Portfolios

— The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the five Lifestyle Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:

Class

Class

Class

Class

Class

Class

Class A

Class B

Class C

R1

R2

R3

R4

R5

R6

N/A

1.29% (Lifestyle Aggressive Portfolio only)

N/A

N/A

0.56%

N/A

N/A

N/A

0.05%

“Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on April 30, 2014, unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

APPENDIX G
Retirement Choices Portfolios’ Class Only Expense Limitation Agreement

Retirement Choices at 2050 Portfolio
Retirement Choices at 2045 Portfolio
Retirement Choices at 2040 Portfolio
Retirement Choices at 2035 Portfolio
Retirement Choices at 2030 Portfolio
Retirement Choices at 2025 Portfolio
Retirement Choices at 2020 Portfolio
Retirement Choices at 2015 Portfolio
Retirement Choices at 2010 Portfolio

— The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Retirement Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on December 31, 2013, unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Class R1		Class R2		Class R4		Class R6
0.75%		0.50%		0.25%		0.00%

APPENDIX H
Voluntary Advisor Waiver Agreement

▇. ▇▇▇▇ Price Subadvised Funds

The Adviser has voluntarily agreed to reduce the management fee for each of the following funds subadvised by ▇. ▇▇▇▇ Price Associates, Inc. by the amount that the subadvisory fee is reduced for the fund by ▇. ▇▇▇▇ Price Associates, Inc. pursuant to the Amended and Restated Group Fee Waiver Agreement between ▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC and ▇. ▇▇▇▇ Price Associates, Inc. dated September 30, 2011.

Blue Chip Growth Fund
Capital Appreciation Value Fund
Equity-Income Fund
Health Sciences Fund
Mid Value Fund
Real Estate Equity Fund
Science & Technology Fund
Small Company Value Fund
Spectrum Income Fund

APPENDIX I
Alternative Asset Allocation Expense Limitation Agreement

Alternative Asset Allocation Fund

The Adviser contractually agrees to reduce its management fee for the Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Other Expenses” of the Fund exceed 0.04% as a percentage of average annual net assets (on an annualized basis) of the Fund. “Other Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense. The current expense limitation agreement expires on December 31, 2013, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

— The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2013, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Class A		Class C		Class I		Class R2		Class R6
0.66%		1.36%		0.30%		0.67%		0.20%

The Adviser contractually agrees to reduce its management fee by 0.10% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current expense limitation agreement expires on December 31, 2013, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

APPENDIX J
Voluntary Advisor Waiver Agreements

Lifestyle Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Lifestyle Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the Fund’s first $7.5 billion of average annual net assets and 0.49% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Lifecycle Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Lifecycle Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Retirement Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Retirement Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Diversified Strategies Fund

The Adviser voluntarily agrees to waive its advisory fee for the Fund so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.70% of the Fund’s first $1.0 billion of average annual net assets and 0.675% of the Fund’s average annual net assets in excess of $1.0 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Fund.

Alternative Asset Allocation Fund

The Adviser voluntarily agrees to waive its advisory fee for the Fund so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.60% of the Fund’s average annual net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Fund.

Funds Listed in Attachment A

The Adviser voluntarily agrees to reduce its management fee for each Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund listed in Attachment A. “Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense. This voluntary expense reimbursement will continue in effect until terminated at any time by the Adviser on notice to the Trust.

										Expiration
Platform		Fund		Fund Name		Cap %				Date
JHF II		2CZC		JHF II Active Bond Fund			0.150	%		Voluntary
JHF II		2DBN		JHF II All Cap Core Fund			0.200	%		Voluntary
JHF II		2CVF		JHF II All Cap Value Fund			0.200	%		Voluntary
JHF II		2CK2		JHF II Alpha Opportunities Fund			0.200	%		Voluntary
JHF II		2CZY		JHF II Blue Chip Growth Fund			0.200	%		Voluntary
JHF II		2CVA		JHF II Capital Appreciation Fund			0.200	%		Voluntary
JHF II		2Y57		JHF II Capital Appreciation Value Fund			0.200	%		Voluntary
JHF II		2Y73		JHF II China Emerging Leaders			0.250	%		Voluntary
JHF II		2CZS		JHF II Core Bond Fund			0.150	%		Voluntary
JHF II		2Y55		JHF II Currency Strategies Fund			0.150	%		Voluntary
JHF II		2Y7C		JHF II Diversified Strategies Fund			0.100	%		Voluntary
JHF II		2Y38		JHF II Emerging Markets Debt Fund			0.150	%		Voluntary
JHF II		2DCN		JHF II Emerging Markets Fund			0.250	%		Voluntary
JHF II		2CZ0		JHF II Equity-Income Fund			0.200	%		Voluntary
JHF II		2DCU		JHF II Floating Rate Income			0.150	%		Voluntary
JHF II				JHF II Fundamental Global Franchise Fund			0.250	%		Voluntary
JHF II		2CVB		JHF II Fundamental Value Fund			0.200	%		Voluntary
JHF II		2Y68		JHF II Fundamental All Cap Core Fund			0.200	%		Voluntary
JHF II		2Y69		JHF II Fundamental Large Cap Core Fund			0.200	%		Voluntary
JHF II		2Y70		JHF II Fundamental Large Cap Value Fund			0.200	%		Voluntary
JHF II		2Y76		JHF II Absolute Return Strategies			0.200	%		Voluntary
JHF II		2CZ1		JHF II Global Bond Fund			0.150	%		Voluntary
JHF II		2Y33		JHF II Global High Yield Fund			0.150	%		Voluntary
JHF II		2DBH		JHF II Global Real Estate Fund			0.250	%		Voluntary
JHF II		2Y74		JHF II Health Sciences Fund			0.200	%		Voluntary
JHF II		2DAD		JHF II Heritage Fund			0.200	%		Voluntary
JHF II		2DBM		JHF II High Income Fund			0.150	%		Voluntary
JHF II		2CZ5		JHF II High Yield Fund			0.150	%		Voluntary
JHF II				JHF II International Growth Equity Fund			0.250	%		Voluntary
JHF II				JHF II International Growth Opportunities Fund			0.250	%		Voluntary
JHF II		2Y53		JHF II International Growth Stock Fund			0.250	%		Voluntary
JHF II		2CZR		JHF II International Opportunities Fund			0.250	%		Voluntary
JHF II		2CZ4		JHF II International Small Cap Fund			0.250	%		Voluntary
JHF II		2DBF		JHF II International Small Company Fund			0.250	%		Voluntary
JHF II		2CZ8		JHF II International Value Fund			0.250	%		Voluntary
JHF II		2CZW		JHF II Investment Quality Bond Fund			0.150	%		Voluntary
JHFII		2DCA		JHF II Lifecycle 2010 Portfolio			0.100	%		Voluntary
JHFII		2DCB		JHF II Lifecycle 2015 Portfolio			0.100	%		Voluntary
JHFII		2DCD		JHF II Lifecycle 2020 Portfolio			0.100	%		Voluntary
JHFII		2DCE		JHF II Lifecycle 2025 Portfolio			0.100	%		Voluntary
JHFII		2DCF		JHF II Lifecycle 2030 Portfolio			0.100	%		Voluntary
JHFII		2DCG		JHF II Lifecycle 2035 Portfolio			0.100	%		Voluntary
JHFII		2DCH		JHF II Lifecycle 2040 Portfolio			0.100	%		Voluntary
JHFII		2DCJ		JHF II Lifecycle 2045 Portfolio			0.100	%		Voluntary
JHFII		2Y59		JHF II Lifecycle 2050 Portfolio			0.100	%		Voluntary
JHF II		2CVL		JHF II Lifestyle Aggressive Portfolio			0.100	%		Voluntary
JHF II		2CVI		JHF II Lifestyle Balanced Portfolio			0.100	%		Voluntary
JHF II		2CVG		JHF II Lifestyle Conservative Portfolio			0.100	%		Voluntary
JHF II		2CVJ		JHF II Lifestyle Growth Portfolio			0.100	%		Voluntary
JHF II		2CVH		JHF II Lifestyle Moderate Portfolio			0.100	%		Voluntary
JHF II		2Y49		JHF II Mid Cap Growth Index Fund			0.075	%		Voluntary
JHF II		2CZ7		JHF II Mid Cap Stock Fund			0.200	%		Voluntary
JHF II		2DBR		JHF II Mid Cap Value Equity Fund			0.200	%		Voluntary
JHF II		2Y48		JHF II Mid Cap Value Index Fund			0.075	%		Voluntary
JHF II		2Y16		JHF II Mid Value Fund			0.200	%		Voluntary
JHF II		2Y34		JHF II Multi-Sector Bond			0.150	%		Voluntary
JHF II		2Y54		JHF II Mutual Shares Fund			0.200	%		Voluntary
JHF II		2CZF		JHF II Natural Resources Fund			0.200	%		Voluntary
JHF II		2DBJ		JHF II Real Estate Equity Fund			0.200	%		Voluntary
JHF II		2CZB		JHF II Real Estate Securities Fund			0.200	%		Voluntary
JHF II		2CZE		JHF II Real Return Bond Fund			0.150	%		Voluntary
JHF II		2Y72		JHF II Redwood Fund			0.200	%		Voluntary
JHF II		2DCY		JHF II Small Cap Growth Fund			0.200	%		Voluntary
JHF II		2CHK		JHF II Small Cap Opportunities Fund			0.200	%		Voluntary
JHF II		2Y21		JHF II Small Cap Value Fund			0.200	%		Voluntary
JHF II		2DAB		JHF II Small Company Growth Fund			0.200	%		Voluntary
JHF II		2CZ6		JHF II Small Company Value Fund			0.200	%		Voluntary
JHF II		2CKC		JHF II Smaller Company Growth Fund			0.200	%		Voluntary
JHF II		2DAG		JHF II Spectrum Income Fund			0.150	%		Voluntary
JHF II		2K2K		JHF II Strategic Equity Allocation Fund			0.200	%		Voluntary
JHF II		2DBP		JHF II Strategic Income Opportunities Fund			0.150	%		Voluntary
JHF II		2Y30		JHF II Technical Opportunities Fund			0.200	%		Voluntary
JHF II		2CZ9		JHF II Total Return Fund			0.150	%		Voluntary
JHF II		2CZU		JHF II U.S. High Yield Bond Fund			0.150	%		Voluntary
JHF II		2DAF		JHF II U.S. Equity Fund			0.200	%		Voluntary
JHF II		2DAE		JHF II Value & Restucturing Fund			0.200	%		Voluntary
JHF II		2DBY		JHF II Value Fund			0.200	%		Voluntary

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇

December 12, 2012

To the Trustees of ▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust and ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II

▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Re:		Agreement to Waive Advisory Fees and Reimburse Expenses

     With reference to the Advisory Agreement by and between ▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC (the “Adviser”) and ▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust, formerly known as ▇▇▇▇ ▇▇▇▇▇▇▇ Trust (“JHVIT”), dated September 26, 2008, as amended, and the Advisory Agreement by and between the Adviser and ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II (“JHF II”), dated September 26, 2008, as amended, we hereby notify you as follows:

     1. The Adviser agrees to waive its management fee for certain portfolios of JHVIT and ▇▇▇ ▇▇ or otherwise reimburse the expenses of those portfolios as set forth below (the “Reimbursement”).

     2. The Reimbursement shall apply to all portfolios of JHVIT and JHF II on the date of this Agreement, except those noted below, and to all future portfolios of JHVIT and JHF II to which the Adviser agrees this Agreement should apply (the “Participating Portfolios”).

The Reimbursement shall not apply to the following portfolios of JHVIT:

Each Lifestyle Trust
Each Lifecycle Trust
Each Lifestyle PS Series
Core Strategy Trust
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Founding Allocation Trust
Fundamental Holdings Trust
Global Diversification Trust
Core Fundamental Holdings Trust
Core Global Diversification Trust
Money Market Trust
Money Market Trust B
500 Index Trust B
International Equity Index Trust B
Mid Cap Index Trust
Small Cap Index Trust
Total Bond Market Trust B
Total Stock Market Index Trust
International Index Trust

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇

The reimbursement shall not apply to the following portfolios of JHF II:

Each Retirement Choices Portfolio
Each Lifestyle Portfolio
Each Retirement Living Portfolio
Alternative Asset Allocation Fund
Core Fundamental Holdings Portfolio
Core Global Diversification Portfolio
Core Diversified Growth & Income Portfolio
Diversified Strategies Fund
Mid Cap Growth Index Fund
Mid Cap Value Index Fund

     3. The Reimbursement shall equal on an annualized basis:

0.01% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $75 billion but is less than $100 billion; and

0.015% of that portion of the aggregate net assets of all the Participating Portfolio that equals or exceeds $100 billion.

The amount of the Reimbursement shall be calculated daily and allocated among all the Participating Portfolios in proportion to the daily net assets of each such portfolio.

     4. The Reimbursement with respect to JHVIT may be terminated or modified at any time by the Adviser upon notice to JHVIT and approval of the Board of Trustees of JHVIT. The Reimbursement with respect to JHF II may be terminated or modified at any time by the Adviser upon notice to JHF II and approval of the Board of Trustees of JHF II.

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇

     5. This Agreement is effective as of December 12, 2012 and supersedes the prior Letter Agreements from the Adviser to the Trustees of JHVIT and JHF II relating to the same subject matter.

ACCEPTED BY:

▇▇▇▇ ▇▇▇▇▇▇▇ VARIABLE INSURANCE TRUST,

On behalf of the series of ▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust identified as Participating Portfolios

▇▇▇▇ ▇▇▇▇▇▇▇ FUNDS II,

On behalf of the series of ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II identified as Participating Portfolios

		By:
		Name:		▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
		Title:		Chief Financial Officer

▇▇▇▇ ▇▇▇▇▇▇▇ Funds, LLC
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇

December 12, 2012

To the Trustees of
▇▇▇▇ ▇▇▇▇▇▇▇ Funds II
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Re: Class R4 Rule 12b-1 Fee Waiver Letter Agreement

With reference to the Distribution Plan entered into by and between ▇▇▇▇ ▇▇▇▇▇▇▇ Funds, LLC (the “Distributor”) and ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II (the “Trust”), on behalf of Class R4 shares of certain series thereof (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:

1. The Distributor agrees to contractually waive and limit its Rule 12b-1 distribution fees and/or service fees applicable to Class R4 shares of the Funds set forth in Appendix A hereto to the extent necessary to achieve the aggregate distribution and service fees and for the period set forth in such Appendix.

2. We understand and intend that the Trust will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statements on Form N-1A for the Trust and the Funds with the Securities and Exchange Commission, in accruing each Fund’s expenses for purposes of calculating its net and gross asset value per share, and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit the Trust to so rely.

A copy of the document establishing the Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by the officer in his capacity as such and not as an individual and is not binding upon any of the Trustees, officers or shareholders of the Trusts individually but only upon the assets of the Funds.

Agreed and Accepted
By:
		▇▇▇▇▇▇▇ ▇▇▇▇▇
		Chief Financial Officer, ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II

		Class R4
Fund		Rule 12b-1 Fee				Waiver Period
Retirement Choices at 2010 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2015 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2020 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2025 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2030 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2035 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2040 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2045 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Retirement Choices at 2050 Portfolio			0.15	%		May 1, 2012 — December 31, 2013
Lifestyle Aggressive Portfolio			0.15	%		June 1, 2012 — April 30, 2014
Lifestyle Growth Portfolio			0.15	%		June 1, 2012 — April 30, 2014
Lifestyle Balanced Portfolio			0.15	%		June 1, 2012 — April 30, 2014
Lifestyle Moderate Portfolio			0.15	%		June 1, 2012 — April 30, 2014
Lifestyle Conservative Portfolio			0.15	%		June 1, 2012 — April 30, 2014
Retirement Living through 2010 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2015 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2020 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2025 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2030 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2035 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2040 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2045 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Retirement Living through 2050 Portfolio			0.15	%		June 1, 2012 — December 31, 2013
Core Allocation Plus Fund			0.15	%		June 1, 2012 — December 31, 2013
Emerging Markets Fund			0.15	%		June 1, 2012 — December 31, 2013
Fundamental All Cap Core Fund			0.15	%		June 1, 2012 — November 30, 2013
Fundamental Large Cap Core Fund			0.15	%		June 1, 2012 — November 30, 2013
Fundamental Large Value Fund			0.15	%		June 1, 2012 — November 30, 2013