0000950123-15-004832 Sample Contracts

FORM OF JANUS ASPEN SERIES INVESTMENT ADVISORY AGREEMENT GLOBAL BOND PORTFOLIO
Investment Advisory Agreement • April 30th, 2015 • Janus Aspen Series • Colorado

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made this [ ] day of [ ] between JANUS ASPEN SERIES, a Delaware statutory trust (the “Trust”), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“JCM”).

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FORM OF EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 30th, 2015 • Janus Aspen Series

As you know, Section 5 of our Investment Advisory Agreement dated [ ] provides for compensation payable to Janus Capital Management LLC (“JCM”) with respect to Global Bond Portfolio (the “Fund”). This letter is to inform you that JCM will waive all or a portion of its management fee (or otherwise reimburse/waive class specific expenses), as applicable, from the date of commencement of operations until [ ] under the following conditions:

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