Amendment to Investment Sub-Advisory Agreement Between Jackson national Asset Management, LLC and Franklin Mutual Advisers, LLC
EX 99.28(d)(204)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx national Asset Management, LLC
and
Franklin Mutual Advisers, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Franklin Mutual Advisers, LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of January 16, 2007 (“Agreement”), whereby Adviser appointed Sub-Adviser to provide sub-investment advisory services to a certain investment portfolio of JNL Series Trust.
Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and the Sub-Adviser agreed to accept such sub-advisory fee as full compensation under the Agreement for such services and expenses.
Whereas, the Adviser and Sub-Adviser have agreed to add a new breakpoint to the fee schedule for the JNL/Franklin Xxxxxxxxx Mutual Shares Fund; and therefore, Schedule B to the Agreement must be amended.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
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1.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated February 11, 2011, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of March 3, 2011, effective as of February 11, 2011.
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Xxxxxxx National
Asset Management, LLC
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Franklin Mutual Advisers, LLC
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By: /s/ Xxxx X. Xxxxx
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By: /s/ Xxxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxx
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Name: Xxxxx X. Xxxxxxxxx
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Title: President and CEO
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Title: President and CEO
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SCHEDULE B
February 11, 2011
(Compensation)
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $1 Billion
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0.51%
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Amounts over $1 Billion
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0.49%
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