Amendment to Administration Agreement Between JNL Strategic Income Fund LLC and Jackson National Asset Management, LLC
EX 99.28(h)(1)(iii)
Amendment to
Between JNL Strategic Income Fund LLC and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Administrator”), and JNL Strategic Income Fund LLC, a Delaware limited liability company (“Company”).
Whereas, the Company and the Administrator entered into an Administration Agreement effective as of October 15, 2012, as amended (“Agreement”), whereby the Administrator agreed to perform certain administrative services to each Fund of shares (each a “Fund”) of the Company, as listed on Schedule A of the Agreement.
Whereas, pursuant to the Agreement, the Company agreed to pay the Administrator for the services provided and the expenses assumed by the Administrator a fee as set forth on Schedule B to the Agreement, and the Administrator agreed to accept such fee as full compensation under the Agreement for such services and expenses.
Whereas, the Company and the Administrator agree to amend the fees as forth on Schedule B to the Agreement to reflect certain fee reductions.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
| 1. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 1, 2015, attached hereto. |
| 2. | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 3. | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Administrator and the Company have caused this Amendment to be executed as of this 1st day of September 2015, effective October 1, 2015.
|
Xxxxxxx National Asset Management, LLC
|
||||
| By: |
/s/ Xxxxxxx X. Xxxxxx
|
By: |
/s/ Xxxx X. Xxxxx
|
|
|
Name: Xxxxxxx X. Xxxxxx
|
Name: Xxxx X. Xxxxx
|
|||
|
Title: Assistant Secretary
|
Title: President and CEO
|
|||
Schedule B
October 1, 2015
|
Funds
|
Assets
|
Fee
|
|
JNL/PPM America Strategic Income Fund
|
$0 to $3 billion
Assets over $3 billion
|
.15%
.13%
|
B-1
