Amendment to Administration Agreement Between Jackson Variable Series Trust And
EX. 99.28(h)(1)(vii)
Amendment to
Between ▇▇▇▇▇▇▇ Variable Series Trust And
▇▇▇▇▇▇▇ National Asset Management, LLC
This Amendment is made by and between ▇▇▇▇▇▇▇ Variable Series Trust, a Massachusetts business trust (the “Trust”), and ▇▇▇▇▇▇▇ National Asset Management, LLC, a Michigan limited liability company (the “Administrator”).
Whereas, the Trust and the Administrator (the “Parties”) entered into an Administration Agreement effective April 27, 2015, as amended (the “Agreement”), whereby the Administrator agreed to provide certain administrative services to several separate series of the Trust (each a “Fund”).
Whereas, the Parties have agreed to amend the following section of the Agreement:
Section 15: “Term of Agreement”
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
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i.
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Delete Section 15. “Term of Agreement” in its entirety and replace it with the following:
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15. Term of Agreement
The term of this Agreement shall begin on the date first above written with respect to each Fund listed in Schedule A on the date hereof and, unless sooner terminated as hereinafter provided, this Agreement shall remain in effect through December 31, 2015. With respect to each Fund added by execution of an Addendum to Schedule A, the term of this Agreement shall begin on the date of such execution. Thereafter, in each case this Agreement shall continue in effect with respect to each Fund for successive periods of 12 months through December 31, 2017, and thereafter will continue from year to year through September 30th, subject to the termination provisions and all other terms and conditions hereof; provided, such continuance with respect to a Fund is approved at least annually by vote or written consent of the Trustees, including a majority of the Disinterested Trustees; and provided further, that neither party has terminated the Agreement in accordance with Section 17. The Administrator shall furnish any Fund, promptly upon its request, such information as may reasonably be necessary to evaluate the terms of this Agreement or any extension, renewal or amendment thereof. Sections 11, 12 and 13 herein shall survive the termination of this Agreement.
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ii.
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Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
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iii.
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Both Parties represent and warrant to the other that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment.
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iv.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Parties have caused this Amendment to be executed, effective December 13, 2017.
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▇▇▇▇▇▇▇ Variable Series Trust
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▇▇▇▇▇▇▇ National Asset Management, LLC
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By:
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/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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By:
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/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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Name:
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▇▇▇▇ ▇. ▇▇▇▇▇
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Name:
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▇▇▇▇ ▇. ▇▇▇▇▇
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Title:
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Assistant Secretary
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Title:
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President and CEO
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