Amendment to Investment Sub-Advisory Agreement Between Jackson national Asset Management, LLC and Franklin Mutual Advisers, LLC
EX 99.28(d)(204)
Amendment
to
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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