Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Franklin Templeton Institutional, LLC
EX 99.28(d)(244)
Amendment
to
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
