AMENDMENT TO SUBADVISORY AGREEMENT WESTERN ASSET MANAGEMENT COMPANY
AMENDMENT TO SUBADVISORY AGREEMENT
WESTERN ASSET MANAGEMENT COMPANY
AMENDMENT made as of this 26th day of December, 2007 to the Subadvisory Agreement
dated October 17, 2005 as amended (the “Agreement”), between Xxxx Xxxxxxx Investment Management
Services, LLC, a Delaware limited liability company (the “Adviser”), and Western Asset Management
Company, a Delaware corporation (the “Subadviser”). In consideration of the mutual covenants
contained herein, the parties agree as follows:
1. | CHANGE IN APPENDIX A | |
Appendix A of the Agreement relating to compensation of the Subadviser is amended to add the Floating Rate Income Fund. | ||
2. | EFFECTIVE DATE |
This Amendment shall become effective with respect to the Floating Rate Income Fund on the
later to occur of: (i) approval of the Amendment by the Board of Trustees of Xxxx Xxxxxxx Funds II
, (ii) execution of the Amendment, or (iii) immediately after the effective time of the resignation
of the existing subadviser to the Floating Rate Income Fund.
(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX INVESTMENT MANAGEMENT | ||||||||
SERVICES, LLC | ||||||||
By: | /s/ Xxxxx X. Xxxxx
|
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Executive Vice President | ||||||||
WESTERN ASSET MANAGEMENT COMPANY | ||||||||
By: | /s/ Xxxxx X. Xxxxx | |||||||
Name: | Xxxxx X. Xxxxx | |||||||
Title: | Director of Global Client | |||||||
Services & Marketing |
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APPENDIX A
The Subadviser shall serve as investment subadviser for the following portfolio (the
“Portfolio”) of Xxxx Xxxxxxx Funds II (the “Trust”). The Adviser will pay the Subadviser, as full
compensation for all services provided under this Agreement, the fee computed separately for the
Portfolio at an annual rate as follows (the “Subadviser Percentage Fee”):
Portfolio
|
All Asset Levels | |
Floating Rate Income Fund |
The Subadviser Percentage Fee for the Portfolio shall be accrued for each calendar day and the
sum of the daily fee accruals shall be paid monthly to the Subadviser. The daily fee accruals will
be computed by multiplying the fraction of one over the number of calendar days in the year by the
applicable annual rate described in the preceding paragraph, and multiplying this product by the
net assets of the Portfolio as determined in accordance with the Trust’s prospectus and statement
of additional information as of the close of business on the previous business day on which the
Trust was open for business.
If this Agreement becomes effective or terminates before the end of any month, the fee (if
any) for the period from the effective date to the end of such month or from the beginning of such
month to the date of termination, as the case may be, shall be prorated according to the
proportion which such period bears to the full month in which such effectiveness or termination
occurs.
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