0000950134-08-016077 Sample Contracts

Exhibit 8(aaaa) September 3, 2008 Janus Adviser Series 151 Detroit Street Denver, Colorado 80206 Gentlemen: As you know, Section 5 of our Investment Advisory Agreement dated September 3, 2008, provides for compensation payable to Janus Capital...
Investment Advisory Agreement • September 3rd, 2008 • Janus Adviser Series

This waiver/reimbursement paid by JCM to the Fund or any fee reduction by JCM pursuant to this letter, for a three year period commencing with operations of the Fund, JCM shall be permitted to recoup such reimbursement or fee reduction from the Fund, provided that at no time during the term of this letter shall the expenses allocated to the Fund, with the exceptions noted above, exceed 0.45% of average daily net assets. This provision survives the term of this letter.

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WITNESSETH:
Investment Advisory Agreement • September 3rd, 2008 • Janus Adviser Series • Colorado
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