Prudential Investment Portfolios, Inc. 10 Prudential Jennison Equity Income Fund Prudential Mid-Cap Value Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential Investment Portfolios,
Inc. 10
Prudential Xxxxxxxx Equity Income Fund
Prudential Mid-Cap Value Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 1st day of July, 2014, between Prudential Investment Portfolios, Inc. 10 (PIP 10),
on behalf of its series, Prudential Xxxxxxxx Equity Income Fund and Prudential Mid-Cap Value Fund, and Prudential Investments LLC
(the Manager).
WHEREAS PIP 10 and the Manager have mutually agreed to revise Schedule A of the Management Agreement, in order to reduce the management
fee rate pursuant to which PIP 10 compensates the Manager for the services provided by the Manager to each of Prudential Xxxxxxxx
Equity Income Fund and Prudential Mid-Cap Value Fund under the Management Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. The management fee rate schedule appearing in Schedule A is hereby deleted in its entirety with respect to each of Prudential
Xxxxxxxx Equity Income Fund and Prudential Mid-Cap Value Fund, and is replaced with the following new management fee rate schedule
applicable to each of Prudential Xxxxxxxx Equity Income Fund and Prudential Mid-Cap Value Fund:
Prudential Xxxxxxxx Equity Income Fund
0.85% up to $500 million of average daily net assets;
0.80% of average daily net assets from $500 million to $1 billion;
0.75% of average daily net assets over $1 billion to $2.5 billion;
0.725% of average daily net assets from $2.5 billion to $5 billion;
0.70% of average daily net assets from $5 billion to $7.5 billion;
0.675% of average daily net assets from $7.5 billion to $10 billion;
0.65% of average daily net assets over $10 billion.
Prudential Mid-Cap Value Fund
0.825% up to $1 billion of average daily net assets;
0.80% of average daily net assets over $1 billion.
2. The Management Agreement is unchanged in all other respects.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.
PRUDENTIAL
INVESTMENT PORTOLIOS, INC. 10
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Vice President
PRUDENTIAL INVESTMENTS LLC
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President
