EX-99.(D)(25)(I) 14 c109595_ex99d25i.htm

EX-99.d.25.i

 

AMENDMENT

TO SUB-ADVISORY AGREEMENT

 

THIS AMENDMENT (“Amendment”) to the Sub-Advisory Agreement (“Agreement”) dated December 10, 2018, by and between Mercer Investments LLC (formerly known as Mercer Investment Management, Inc.), a Delaware limited liability company (the “Advisor”), and Veritas Asset Management LLP, a limited liability partnership (the “Sub-Advisor”), is made as of June 5, 2024.

 

RECITALS

 

WHEREAS, pursuant to the Agreement, the Advisor has engaged the Sub-Advisor to assist the Advisor in the provision of a continuous investment program for that portion of one or more of the Trust’s series’ assets which the Advisor has assigned to the Sub-Advisor;

 

WHEREAS, as compensation for the Sub-Advisor’s services rendered pursuant to the Agreement, the Advisor shall pay the Sub-Advisor a fee set forth in Exhibit A of the Agreement;

 

WHEREAS, the parties desire to amend the fee schedule set forth in Exhibit A of the Agreement; and

 

WHEREAS, Section 15 of the Agreement provides that the parties may mutually agree to amend the Agreement by a written instrument signed by both the Advisor and the Sub-Advisor.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the promises and mutual agreements set forth herein, the parties hereby agree to amend the Agreement, as follows:

 

1.                  Effective as of June 4, 2024, Exhibit A of the Agreement, “Fee Schedule”, is hereby deleted and replaced with the Exhibit A attached to this Amendment.

 

2.                  All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby.

 

[Signature page to follow.]

   

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

Mercer Investments LLC (f/k/a Mercer Investment Management, Inc.)

 

By: /s/ Larry Vasquez  
Name:   Larry Vasquez  
Title:   Senior Portfolio Manager - Equities  
         

 

Veritas Asset Management LLP

 

By: /s/ Nicola Smith  
Name:   Nicola Smith  
Title:   Chief Operating Officer