0001683863-19-002606 Sample Contracts

AMENDED AND RESTATED SUBADVISORY AGREEMENT
Pgim Etf Trust • October 29th, 2019 • Pgim Etf Trust • New York

Agreement amended and restated made as of this 12th day of September 2019 between PGIM Investments LLC (PGIM Investments or the Manager), a New York limited liability company, PGIM, Inc. (PGIM), a New Jersey corporation and PGIM Limited, a U.K. limited company, (PGIM Limited and together with PGIM, the Subadvisers).

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PGIM Investments LLC
Pgim Etf Trust • October 29th, 2019

PGIM Investments LLC (PGIM Investments) has contractually agreed, beginning from the inception of the Funds, to waive any management fees it receives from the Funds in an amount equal to the subadvisory fees paid by the Funds to the PGIM Institutional Money Market Fund due to the Fund’s investment of its excess overnight cash in the PGIM Institutional Money Market Fund. This waiver will remain in effect for as long as the Funds remain invested or intend to invest in the PGIM Institutional Money Market Fund.

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