Amendment to Management Fee Waiver Agreement Between Jackson Variable Series Trust And Jackson National Asset Management, LLC
EX. 99.28(h)(10)(v)
Amendment to
Management Fee Waiver Agreement
Between Xxxxxxx Variable Series Trust And
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”), and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”).
Whereas, the Trust and Adviser (the “Parties”) entered into a Management Fee Waiver Agreement effective as of the 27th day of April, 2015, as amended (the “Agreement”), whereby the Adviser agreed to waive a portion of its advisory fee for each Fund listed on Schedule A, as it may be amended and approved by the Board of Trustees of the Trust from time to time.
Whereas, the Parties have agreed to amend Schedule A of the Agreement to update the fee waiver for the JNL/American Funds® Global Growth Fund, and for the JNL/American Funds® Growth Fund, effective April 29, 2019:
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
| 1) | Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 29, 2019, attached hereto. |
| 2) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 3) | Both Parties represent and warrant to the other 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. |
| 4) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Parties have caused this Amendment to be executed, effective April 29, 2019.
|
Xxxxxxx Variable Series Trust |
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 A
Dated April 29, 2019
(List of Funds)
|
Fund
|
Waiver |
|
JNL/American Funds® Global Growth Fund
|
0.50% |
|
JNL/American Funds® Growth Fund
|
0.45% |
| A-1 |
