to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and OppenheimerFunds, Inc.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and OppenheimerFunds, Inc., a Colorado Corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended May 30, 2013 and June 4, 2014 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust (“Trust”), as listed on Schedule A to the Agreement.
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 the Sub-Adviser have agreed to reduce the sub-advisory fees for the JNL/Xxxxxxxxxxx Global Growth Fund as set forth on Schedule B, and, in connection with said reductions, 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 January 1, 2015, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 5th day of January 2015, effective January 1, 2015.
| Xxxxxxx National Asset Management, LLC | OppenheimerFunds, Inc. | |||
| By: |
/s/ Xxxx X. Xxxxx
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By: |
/s/ Xxxxx Xxxxx
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| Name: |
Xxxx X. Xxxxx
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Name: |
Xxxxx Xxxxx
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| Title: |
President and CEO
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Title: |
SVP
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Schedule B
Dated January 1, 2015
(Compensation)
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JNL/Xxxxxxxxxxx Global Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $350 Million
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0.35%
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$350 Million to $800 Million
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0.30%
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$800 Million to $1 Billion
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0.25%
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Amounts over $1 Billion
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0.23%
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B-1
