AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT TO
This Amendment, dated as of March 1, 2022, is to the Subadvisory Agreement dated as of January 1, 2021, by and between Xxxxxxxxx Investment Counsel, LLC (“TICL”), a Delaware limited liability company, on behalf of Foreign Smaller Companies Series (the “Fund”), a series of Xxxxxxxxx Institutional Funds and Franklin Xxxxxxxxx Investments Corp. (“FTIC”), an Ontario, Canada corporation, as amended to date (the “Agreement”).
WITNESSETH:
WHEREAS, TICL and FTIC wish to amend paragraph 3(a) of the Agreement; and
NOW, THEREFORE, in consideration of the foregoing premises, the parties hereto agree as follows:
3. (a) TICL shall pay to FTIC a monthly fee in U.S. dollars equal to 25% of the net investment advisory fee payable by the Fund to TICL (the “Net Investment Advisory Fee”), calculated daily, as compensation for the services rendered and obligations assumed by FTIC during the preceding month.
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each party effective as of the date set forth above.
XXXXXXXXX INVESTMENT COUNSEL, LLC
By: /s/ Xxxxxxx Xxxxx Date: 05-05-2022
Name: Xxxxxxx Xxxxx
Title: President
FRANKLIN XXXXXXXXX INVESTMENTS CORP.
By: /s/ Xxxxx Xxxxx Date: 05-05-2022
Name: Xxxxx Xxxxx
Title: Chairman, President & Chief Executive Officer
