SECOND AMENDMENT TO THE AMENDED AND RESTATED SUB-ADVISORY AGREEMENT
Exhibit 99.d.14.i
SECOND AMENDMENT TO THE AMENDED AND RESTATED SUB-ADVISORY AGREEMENT
THIS AMENDMENT (“Amendment”) to the Amended and Restated Sub-Advisory Agreement (“Agreement”) dated June 12, 2014 by and between Xxxxxx Investment Management, Inc. (the “Advisor”), a Delaware corporation, and Investec Asset Management Limited, a corporation organized under the laws of England and Wales (the “Sub-Advisor”).
WHEREAS, the Sub-Advisor has been retained to assist the Advisor in the provision of investment management services to one or more Funds (as defined in the Agreement);
WHEREAS, the Agreement provides that the parties may mutually agree to amend any provision of the Agreement; and
WHEREAS, the Advisor and the Sub-Advisor wish to amend the Agreement with an effective date as of July 1, 2016 (the “Effective Date”) to modify the fees payable by the Advisor to the Sub- Advisor and revise the “Xxxxxx Emerging Markets Equity Fund - Fee Schedule” of Exhibit A of the Agreement accordingly.
NOW THEREFORE, in consideration of the promises and mutual agreements set forth herein, the parties hereby agree to amend the Agreement, as follows:
1. | The parties hereby agree to modify the fees payable to the Sub-Advisor as of the Effective Date and amend the “Xxxxxx Emerging Markets Equity Fund - Fee Schedule” section of Exhibit A of the Agreement. |
2. | The parties hereby agree that the “Xxxxxx Emerging Markets Equity Fund - Fee Schedule” section of Exhibit A of the Agreement is hereby deleted in its entirety and replaced with the Exhibit A attached to this Amendment. |
3. | For the avoidance of doubt, the parties hereby agree that there shall be no change to the “Xxxxxx Opportunistic Fixed Income Fund – Fee Schedule” section of Exhibit A of the Agreement, as amended October 1, 2014. |
4. | All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby. |
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IN WITNESS WHEREOF, the Advisor and the Sub-Advisor have executed this Amendment as of July 1, 2016.
XXXXXX INVESTMENT MANAGEMENT, INC. | |||
By: | /s/ Xxxx Xxxxxxxxxx | ||
Name: Xxxx Xxxxxxxxxx | |||
Title: Chief Investment Officer | |||
INVESTEC ASSET MANAGEMENT LIMITED | |||
By: | /s/ Xxxx Xxxxxxxxx | ||
Name: Xxxx Xxxxxxxxx | |||
Title: Authorized Signatory | |||
By: | /s/ Xxxxxxx Xxxxxxx | ||
Name: Xxxxxxx Xxxxxxx | |||
Title: Authorized Signatory |