AMENDMENT TO SUB-ADVISORY AGREEMENT
Exhibit (d)(10)(a)
AMENDMENT TO SUB-ADVISORY AGREEMENT
This Amendment to Sub-Advisory Agreement (“Amendment”) is effective August 17, 2007 by and
between Ohio National Investments, Inc. (the “Adviser”) and Xxxx Xxxxx Capital Management, Inc.
(“Sub-Adviser”).
Recitals
The Adviser and the Sub-Adviser are parties to a Sub-Advisory Agreement dated August 2, 1999,
as amended, (the “Agreement”) pursuant to which the Adviser retained the Sub-Adviser to supervise
and manage the assets of the Equity Portfolio of Ohio National Fund, Inc. (the “Fund”); and
The Adviser and the Sub-Adviser desire to amend the sub-advisory fee payable to the
Sub-Adviser.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto hereby agree as follows:
1. Sub-Advisory Fees. The first sentence of Section 4 of the Agreement is hereby deleted
and replaced with the following:
In consideration of the Sub-Adviser’s services to the Fund hereunder, the Sub-Adviser
shall be entitled to sub-advisory fees, payable quarterly, at the annual rate of 0.40%
of the first $200 million of the average daily net assets of the Portfolio during the
quarter preceding each payment, and 0.38% of the average daily net assets of the
Portfolio in excess of $200 million (the “Sub-Advisory Fee”).
2. Effect. Except as amended herein, all terms of the Agreement remain in full force and
effect. All capitalized terms not otherwise defined herein shall have the meaning ascribed to them
in the Agreement.
3. Counterparts. This Amendment may be executed in counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts shall together
constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed below as of
the date first above written.
Ohio National Investments, Inc. | Xxxx Xxxxx Capital Management, Inc. | |||||||||
By:
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By: | |||||||||
President | Name: | |||||||||
Title: | ||||||||||
Accepted & Agreed: | ||||||||||
Ohio National Fund, Inc. | ||||||||||
By: |
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Xxxx X. Xxxxxx | ||||||||||
President |