PRUDENTIAL INVESTMENT PORTFOLIOS 3 (formerly JennisonDryden Opportunity Funds) Prudential Real Assets Fund SUBADVISORY AGREEMENTSubadvisory Agreement • April 30th, 2012 • Prudential Investment Portfolios 3 • New York
Agreement made as of this 30th day of September, 2011 between Prudential Investments LLC (PI or the Manager), a New York limited liability company, and Jefferies Asset Management, LLC (Jefferies or the Subadviser), a Delaware limited liability company. WHEREAS, the Manager has entered into a Management Agreement (the Management Agreement) dated December 1, 2010, with Prudential Investment Portfolios 3, a Delaware business trust (the Trust) and a diversified, open-end management investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act), pursuant to which PI act as Manager of the Prudential Real Assets Fund (the Fund), a non-diversified series of the Trust; and WHEREAS, the Manager, acting pursuant to the Management Agreement, desire to retain the Subadviser to provide investment advisory services to the Fund and to manage such portion of the Fund as the Manager shall from time to time direct, and the Subadviser is willing to render such inve
PRUDENTIAL REAL ASSETS SUBSIDIARY, LTD. A wholly-owned subsidiary of Prudential Real Assets Fund, a series of Prudential Investment Portfolios 3 Subadvisory AgreementSubadvisory Agreement • April 30th, 2012 • Prudential Investment Portfolios 3
Agreement made as of this 30th day of September, 2011 between Prudential Investments LLC (PI or the Manager), a New York limited liability company, and Jefferies Asset Management, LLC (the Subadviser or Jefferies), a Delaware limited liability company. WHEREAS, the Manager has entered into a Management Agreement, dated December 1,2010 (the Management Agreement) with Prudential Real Assets Subsidiary, Ltd (the Fund), an exempt company incorporated under the Companies Law (2010 Revision) of the Cayman Islands, and a wholly owned subsidiary of the Prudential Real Assets Fund (the Real Assets Fund), a non-diversified series of Prudential Investment Portfolios 3 (the Trust), a Delaware statutory trust and an open-end management investment company registered under the U.S. Investment Company Act of 1940, as amended (the 1940 Act), pursuant to which PI acts as Manager of the Fund; and WHEREAS, the Manager, acting pursuant to the Management Agreement, desires to retain the Subadviser to
