PENN SERIES FUNDS, INC. AMENDMENT TO SECOND AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit 28(h)(6)(ii)
PENN SERIES FUNDS, INC.
AMENDMENT TO
SECOND AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
This Amendment (the “Amendment”) is made and entered into as of July 1, 2016, and hereby amends that certain Second Amended and Restated Expense Limitation Agreement, dated January 1, 2016 (the “Agreement”), by and among Penn Mutual Asset Management, Inc. (the “Adviser”), The Penn Mutual Life Insurance Company (“Penn Mutual”), and Penn Series Funds, Inc. (the “Company”), on behalf of each portfolio of the Company as listed on Schedule A of the Agreement, as amended (the “Funds”).
WHEREAS, the Adviser has converted from a Pennsylvania corporation to a Pennsylvania limited liability company effective July 1, 2016 (the “Conversion”); and
WHEREAS, the Adviser, Penn Mutual and the Company wish to amend the Agreement to reflect the Conversion;
NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:
1. All references in the Agreement to the Adviser shall refer to “Penn Mutual Asset Management, LLC,” and all references to “Penn Mutual Asset Management, Inc.” shall be replaced with “Penn Mutual Asset Management, LLC.”
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective authorized officers or representatives as of the date first above written.
PENN SERIES FUNDS, INC., on behalf of the Funds | PENN MUTUAL ASSET MANAGEMENT, LLC | |||||||
By: | /s/ Xxxxx X. X’Xxxxxx |
By: | /s/ Xxxxx Xxxxxxxx | |||||
Xxxxx X. X’Xxxxxx | Xxxxx Xxxxxxxx | |||||||
President | President and Chief Marketing Officer | |||||||
THE PENN MUTUAL LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx Xxxxxxx |
|||||||
Xxxxx Xxxxxxx | ||||||||
EVP, Chief Financial Officer and Treasurer |