Amendment to the Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC And LMCG Investments, LLC
Amendment
to the Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
And LMCG Investments, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser ("Adviser"), and LMCG Investments, LLC, a limited liability company organized in the State of Delaware ("Sub-Adviser").
Whereas, the Adviser and the Sub-Adviser entered into an Investment Sub-Advisory Agreement effective as of the 28th day of September, 2015, as amended ("Agreement"), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust ("Trust"), as listed on Schedule A to the Agreement.
Whereas, the parties have agreed to amend the following sections of the Agreement:
Section 2. "Services to be Rendered by the Sub-Adviser to the Trust," and
Section 6. "Representations of Adviser."
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
Delete sub-paragraph G. in Section 2. "Services to be Rendered by the Sub-Adviser to the Trust" in its entirety and replace it with the following:
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G.
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The Sub-Adviser at its expense, will furnish: (i) all necessary facilities and personnel, including salaries, expenses, and fees of any personnel required for the Sub-Adviser to faithfully perform its duties under this Agreement; and (ii) administrative facilities, including bookkeeping, and all equipment necessary for the efficient conduct of the Sub-Adviser's duties under this Agreement. The Sub-Adviser shall, at its expense, bear any reasonable fees or costs associated with regulatory investigations or litigation arising from or pertaining to (i) the services provided and/or fees charged by the Sub-Adviser under the Agreement (but excluding any investigations or litigation that arise from or pertain to the services provided and/or fees charged to the Fund by the Adviser); and (ii) the Sub-Adviser's general business operations that require the involvement or participation of the Adviser, the Fund, and/or any Trustee of the Fund.
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Add a new sub-paragraph F. in Section 6. "Representations of Adviser":
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The Adviser shall, at its expense, bear any reasonable fees or costs associated with regulatory investigations or litigation arising from or pertaining to (i) the services provided and/or fees charged to the Fund by the Adviser (but excluding any investigations or litigation that arise from or pertain to the services provided and/or fees charged by the Sub-Adviser under the Agreement) and (ii) the Adviser's or the Fund's general business operations that require the involvement or participation of the Sub-Adviser.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed and effective as of August 31, 2016.
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Xxxxxxx National Asset Management, LLC
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LMCG Investments, LLC
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxxxx X. Tower
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Name:
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Xxxx X. Xxxxx
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Name:
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Xxxxxx X. Xxxxxx
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Title:
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President and CEO
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Title:
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COO & CCO
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