FORM OF AMENDMENT TO SUBADVISORY AGREEMENT John Hancock Trust AMENDMENT TO SUBADVISORY AGREEMENT T. Rowe Price Associates, Inc.
FORM OF AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT made as of this ___ day of December, 2010 to the Subadvisory Agreement dated
January 28, 1999, as amended (the “Agreement”), between Xxxx Xxxxxxx Investment Management
Services, LLC, a Delaware limited liability company (the “Adviser”), and X. Xxxx Price Associates,
Inc., a Maryland Corporation (the “Subadviser”). In consideration of the mutual covenants
contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
Appendix A of the Agreement, “Compensation of Subadviser,” is hereby amended to revise the
subadvisory fees of the Capital Appreciation Value Trust and to add the following portfolio:
Large Cap Value Trust
(the “Portfolio”)
In all other respects, the Agreement is confirmed and remains in full force and effect.
2. EFECTIVE DATE
This Amendment shall become effective on the later to occur of (i) approval of this amendment
by the Trustees of the Xxxx Xxxxxxx Trust and (ii) the date of its execution; except that it
will become effective with regards to the Large Cap Value Trust on December 31, 2010.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
Xxxx Xxxxxxx Investment Management Services, LLC |
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By: | ||||
X. Xxxx Price Associates, Inc. |
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By: | ||||
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APPENDIX A
Large Cap Value Trust
Capital Appreciation Value Trust
Capital Appreciation Value Trust
The Subadviser shall serve as investment subadviser for each Portfolio of the Trust listed
below. The Adviser will pay the Subadviser, as full compensation for all services provided under
this Agreement with respect to each Portfolio, the fee computed separately for such Portfolio at an
annual rate as follows (the “Subadviser Fee”):
Between | Between | Between | ||||||||||||||||||
$50 million | $200 million | $500 million | ||||||||||||||||||
First | and | and | and | Excess Over | ||||||||||||||||
$50 million | $200 million | $500 million | $1 billion | $1 billion | ||||||||||||||||
of Aggregate | of Aggregate | of Aggregate | of Aggregate | of Aggregate | ||||||||||||||||
Portfolio | Net Assets* | Net Assets* | Net Assets* | Net Assets* | Net Assets* | |||||||||||||||
Capital Appreciation Value Trust |
Between | ||||||||||||||||||||
$500 million | Between | Between | ||||||||||||||||||
First | and | $1 billion and | $1.5 billion and | Excess Over | ||||||||||||||||
$500 million | $1 billion of | $1.5 billion of | $2 billion of | $2 billion of | ||||||||||||||||
of Aggregate | Aggregate Net | Aggregate Net | Aggregate Net | Aggregate Net | ||||||||||||||||
Portfolio | Net Assets* | Assets* | Assets* | Assets* | Assets* | |||||||||||||||
Large Cap Value |
* | The term Aggregate Net Assets for a given day includes the net assets of a Portfolio of the Trust managed by the Subadviser. It also includes with respect to each Portfolio the net assets of one or more other portfolios as indicated below managed by the Subadviser, but in each case only for the period during which the Subadviser for the Portfolio also serves as the subadviser for the other portfolio(s). For purposes of determining Aggregate Net Assets and calculating the Subadviser Fee for a given day, the net assets of the Portfolio and each other portfolio of the Trust are determined by the custodian or fund accountant as of the close of business on the previous business day of the Trust, and the net assets of each other portfolio are determined as of the close of business on the previous business day of that other portfolio. |
Trust Portfolio(s) | Other Portfolio(s) | |
Capital Appreciation Value Trust
|
Capital Appreciation Value Fund Fund, a series of Xxxx Xxxxxxx Funds II | |
Large Cap Value Trust
|
Large Cap Value Fund, a series of Xxxx Xxxxxxx Funds II |
The Subadviser Fee for a Portfolio shall be based on the applicable annual fee rate for
the Portfolio which for each day shall be equal to (i) the sum of the amounts determined by
applying the annual percentage rates in the table to the applicable portions of Aggregate Net
Assets
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divided by (ii) Aggregate Net Assets (the “Applicable Annual Fee Rate”). The Applicable
Annual Fee Rate is then applied to Portfolio assets as described below. The Subadviser Fee for
each Portfolio shall be accrued for each calendar day, and the sum of the daily fee accruals shall
be paid monthly to the Subadviser within 30 calendar days of the end of each month. The daily
fee accruals will be computed by multiplying the fraction of one over the number of calendar
days in the year by the Applicable Annual Fee Rate, and multiplying this product by the net assets
of the Portfolio. The Adviser shall provide Subadviser with such information as Subadviser may
reasonably request supporting the calculation of the fees paid to it hereunder. Fees shall be paid
either by wire transfer or check, as directed by Subadviser.
If, with respect to any Portfolio, this Agreement becomes effective or terminates, or if the
manner of determining the Applicable Annual Fee Rate changes, before the end of any month, the fee
(if any) for the period from the effective date to the end of such month or from the beginning of
such month to the date of termination or from the beginning of such month to the date such change,
as the case may be, shall be prorated according to the proportion which such period bears to the
full month in which such effectiveness or termination or change occurs.
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