Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Franklin Templeton Institutional, LLC
EX 99.28(d)(244)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx National Asset Management, LLC
and
Franklin Xxxxxxxxx Institutional, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Franklin Xxxxxxxxx Institutional, 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 May 1, 2010 (“Agreement”), whereby Adviser appointed Sub-Adviser to provide sub-investment advisory services to a certain investment portfolio of the JNL Series Trust (“Trust”).
Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and the Sub-Adviser agreed to accept such sub-advisory fee as full compensation under the Agreement for such services and expenses.
Whereas, the Adviser and the Sub-Adviser have agreed to revise the sub-advisory fees as set forth on Schedule B, and, in connection with said revisions, Schedule B to the Agreement must be amended.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
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1.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 10, 2012, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of September 25, 2012, effective as of September 10, 2012.
| Xxxxxxx National Asset Management, LLC | Franklin Xxxxxxxxx Institutional, LLC | |||
| By: |
/s/ Xxxx X. Xxxxx
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By: |
/s/ Xxxxxx Xxxxxxx
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| Name: |
Xxxx X. Xxxxx
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Name: |
Xxxxxx Xxxxxxx
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| Title: |
President and CEO
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Title: |
SVP
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Schedule B
September 10, 2012
(Compensation)
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JNL/Franklin Xxxxxxxxx
International Small Cap Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 Million
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.67%
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$101 to $250 Million
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.64%
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$251 to $500 Million
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.62%
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$501 to $750 Million
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.60%
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$751 to $1,000 Million
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.59%
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Amounts over $1,000 Million
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.55%
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B-1
