JOHN HANCOCK FUNDS III John Hancock Global Shareholder Yield Fund AMENDMENT TO SUB-ADVISORY AGREEMENT
XXXX XXXXXXX FUNDS III
Xxxx Xxxxxxx Global Shareholder Yield Fund
AMENDMENT TO SUB-ADVISORY AGREEMENT
AMENDMENT made as of this 1st of October 2009 to the Sub-Advisory Agreement dated February 28, 2007 (the “Agreement”), between Xxxx Xxxxxxx Investment Management Services, LLC, a Delaware limited liability company (the “Adviser”), and Epoch Investment Partners, Inc., a Delaware limited liability company (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, which relates to Section 3 of the Agreement, “Compensation of Subadviser,” is hereby amended and restated as shown in Appendix A hereto.
2. EFFECTIVE DATE
This Amendment shall become effective as of the date first mentioned above.
3. DEFINED TERMS
Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
4. OTHER TERMS OF THE AGREEMENT
Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
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
By: /s/Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
EPOCH INVESTMENT PARTNERS, INC.
By: /s/Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: President
APPENDIX A
The Subadviser shall serve as investment subadviser for the following portfolio of the Trust. The Adviser will pay the Subadviser, as full compensation for all services provided under this Agreement, the fee at an annual rate as follows (the "Subadviser Percentage Fee"):
Fund |
First $500 million of Net Assets |
Next $500 million of Net Assets |
Excess over $1 billion of Net Assets |
Xxxx Xxxxxxx Global Shareholder Yield Fund |
0.425% |
0.400% |
0.350% |
The Subadviser Percentage Fee shall be accrued for each calendar day and the sum of the daily fee accruals shall be paid monthly to the Subadviser. 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 rate described in the preceding paragraph, and multiplying this product by the net assets of the portfolio as determined in accordance with the Trust's prospectus and statement of additional information as of the close of business on the previous business day on which the Trust was open for business.
If this Agreement becomes effective or terminates 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, 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 occurs.
W:\XXXX XXXXXXX FUNDS III\Agreements_Plans_Contracts\Global Shareholder Yield\2009_10_01 JHF III_Epoch_Subadvisory_Amend_Global Shareholder.doc