JNL/AB Dynamic Asset Allocation Fund Ltd. Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and AllianceBernstein L.P.
JNL/AB Dynamic Asset Allocation Fund Ltd.
Amendment to Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and AllianceBernstein L.P.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser ("Adviser"), and AllianceBernstein L.P., a Delaware limited partnership and registered investment adviser ("Sub-Adviser").
Whereas, JNL/AB Dynamic Asset Allocation Fund Ltd. (the "Company") is a wholly owned subsidiary of the JNL/AB Dynamic Asset Allocation Fund, organized as a company exempt from tax under the laws of the Cayman Islands.
Whereas, the Adviser and the Sub-Adviser entered into an Investment Sub-Advisory Agreement effective as of the 28th day of April, 2014, as amended ("Agreement"), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to the Company.
Whereas, the parties have agreed to amend the following section of the Agreement:
Section 3. "Management."
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement, as follows:
The following shall be inserted as sub-paragraph q) in Section 3. "Management." under the heading entitled: "The Sub-Adviser further agrees that it:"
|
i)
|
at its expense, will furnish: (i) all necessary facilities and personnel, including salaries, expenses, and fees of any personnel required for the Sub-Adviser to faithfully perform its duties under this Agreement; and (ii) administrative facilities, including bookkeeping, and all equipment necessary for the efficient conduct of the Sub-Adviser's duties under this Agreement. The Sub-Adviser shall, at its expense, bear any fees or costs associated with regulatory investigations or litigation arising from or pertaining to (i) the services provided by the Sub-Adviser under the Agreement (but excluding litigation for services provided and/or fees charged by the Adviser); and (ii) the Sub-Adviser's general business operations that require the involvement or participation of the Adviser, the Company, the Fund, and/or any Trustee of the Fund.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed and effective as of August 31, 2016.
|
Xxxxxxx National Asset Management, LLC
|
AllianceBernstein L.P.
|
||||
|
By:
|
/s/ Xxxx X. Xxxxx
|
By:
|
/s/ Xxxxx X. Xxxxxx
|
||
|
Name:
|
Xxxx X. Xxxxx
|
Name:
|
Xxxxx X. Xxxxxx
|
||
|
Title:
|
President and CEO
|
Title:
|
Assistant Secretary
|
||
