AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT TO
This Amendment, dated as of December 15, 2021, is to the Subadvisory Agreement dated as of June 11, 2021 by and between Franklin Xxxxxxxxx Investments Corp. (“FTIC”), an Ontario, Canada corporation, on behalf of Xxxxxxxxx International Climate Change Fund (the “Fund”), a series of Xxxxxxxxx Funds (the “Trust”) and Franklin Xxxxxxxxx Investment Management Limited (“FTIML”), a company limited by shares incorporated in England, as amended to date (the “Agreement”).
WITNESSETH:
WHEREAS, FTIC and FTIML wish to amend paragraph 3(a) of the Agreement; and
WHEREAS, the Board of Trustees of the Fund, including a majority of the Independent Trustees of the Fund, approved the following amendment at a meeting called for such purpose on December 9, 2021.
NOW, THEREFORE, in consideration of the foregoing premises, the parties hereto agree as follows:
3. (a) FTIC shall pay to FTIML a monthly fee in U.S. dollars equal to 50% of the net investment advisory fee payable by the Fund to FTIC (the “Net Investment Advisory Fee”), calculated daily, as compensation for the services rendered and obligations assumed by FTIML during the preceding month.
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each party as of the date set forth above.
FRANKLIN XXXXXXXXX INVESTMENTS CORP.
By: /s/ Xxxxx Xxxxx
Name: Xxxxx Xxxxx
Title: President and Chief Executive Officer
FRANKLIN XXXXXXXXX INVESTMENT MANAGEMENT LIMITED
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Chief Executive Officer
