Amendment to Sub-Advisory Agreement Between Jackson National Asset Management, LLC and BlackRock International Limited
JNL Series Trust 485BPOS
Ex. 99.28(d)(7)(iv)
Amendment to Sub-Advisory Agreement Between Xxxxxxx National
Asset Management, LLC and BlackRock International Limited
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and BlackRock International Limited, a corporation existing under the laws of Scotland and registered with the U.S. Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser (the “Parties”) entered into a Sub-Advisory Agreement effective as of the 13th day of September, 2021 wherein the September 25, 2017 Sub-Advisory Agreement, as amended, was incorporated by reference (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (the “Funds”) of JNL Series Trust (the “Trust”), as listed on Schedule A to the Agreement.
Whereas, the Board of Trustees of the Trust has approved, and the Parties have agreed to amend the Agreement to update Section 17, entitled “Notices and Communications”, effective February 29, 2024.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
1) | Section 17. “Notices and Communications” shall be deleted and replaced, in its entirety, with the following: |
“17. | Notices and Communications. Any legal notice under this Agreement shall be in writing, addressed and delivered or mailed (postage prepaid) or sent via electronic mail to the other party at such address as designated herein or to such other address (including via electronic mail) as the other party may designate from time to time for the receipt of such legal notice and shall be deemed to be received on the earlier of the date actually received or on the fourth day after the postmark if such legal notice is mailed first class postage prepaid. |
a) | To Adviser: | |
Xxxxxxx National Asset Management, LLC | ||
000 Xxxx Xxxxxx Xxxxx | ||
Suite 1200 | ||
Chicago, IL 60606 | ||
Attention: General Counsel | ||
E-mail: XXXXXxxxx@xxxxxxx.xxx | ||
b) | To Sub-Adviser: | |
BlackRock International Limited | ||
50 Xxxxxx Yards | ||
New York, New York 10001 | ||
Attention: Xxxxxxx X. Xxxxx | ||
E-mail: xxxxxxx.xxxxxxxx@xxxxxxxxx.xxx | ||
c) | To the Trust: | |
JNL Series Trust | ||
0 Xxxxxxxxx Xxx | ||
Lansing, MI 48951 | ||
Attention: Chief Legal Officer | ||
E-mail: XXXXXxxxx@xxxxxxx.xxx |
In relation to communications other than legal notices under this Agreement, each party may communicate with and provide information to the other party in whatever medium deemed appropriate. This may include the use of e-mail, the internet or other electronic means, in the place of paper communications. The parties acknowledge that instructions or communications conveyed by electronic methods such as facsimile or e-mail are not secure forms of communication and may accordingly give rise to higher risks of manipulation or attempted fraud.”
2) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
3) | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment, upon the terms and conditions hereof, and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
4) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Parties have caused this Amendment to be executed, effective February 29, 2024.
Xxxxxxx National Asset Management, LLC | BlackRock International Limited | |||
By: | /s/ Xxxxx X. Xxxxxxx | By: | /s/
Xxxxxx Xxxxx |
|
Name: | Xxxxx X. Xxxxxxx | Name: | Xxxxxx Xxxxx |
|
Title: | VP, Deputy General Counsel | Title: | Director | |
BlackRock International Limited | ||||
By: | /s/
Xxxxxxxx Xxx |
|||
Name: | Xxxxxxxx Xxx |
|||
Title: | Managing Director |
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