Amendment to Subadvisory Agreement between Ivy Management, Inc. and Henderson Investment Management Limited (April 1999)

Summary

This amendment updates the subadvisory agreement between Ivy Management, Inc. and Henderson Investment Management Limited, effective April 30, 1999. It revises the list of funds and assets managed by Henderson, specifying management of 50% of the Ivy International Small Companies Fund and 100% of the Ivy European Opportunities Fund. The amendment also updates the fee schedule, setting a 0.50% annual fee on the average daily net assets managed by Henderson for each fund. All other terms of the original agreement remain unchanged.

EX-10.27 13 ex10-27.txt AMEND TO SCH A TO SUBADVISORY AGREEMENT 1 EXHIBIT 10.27 AMENDMENT TO SCHEDULE A TO SUBADVISORY AGREEMENT This Amendment ("the Amendment") to Schedule A to the Subadvisory Agreement (the "Agreement") by and between IVY MANAGEMENT, INC., a Massachusetts corporation, and HENDERSON INVESTMENT MANAGEMENT LIMITED, an United Kingdom corporation, dated 1 February 1999 (the "Agreement"), is made as of April 30, 1999. The Amendment shall take effect as of April 30th, 1999. Except as provided herein, the terms and provisions of the Agreement shall remain in full force and effect without amendment. Executed under seal this 29th of April, 1999. SIGNED by: IVY MANAGEMENT, INC. By: /s/ C. WILLIAM FERRIS --------------------------- C. William Ferris Title: Senior Vice President HENDERSON INVESTMENT MANAGEMENT LIMITED By: /s/ Sean Dranfield --------------------------- Sean Dranfield Title: Executive Director 2 EXHIBIT 10.27 AMENDMENT TO SUBADVISORY AGREEMENT This Amendment ("the Amendment") to the Subadvisory Agreement (the "Agreement") by and between IVY MANAGEMENT, INC., a Massachusetts corporation, and HENDERSON INVESTMENT MANAGEMENT LIMITED, an United Kingdom corporation, dated February 1, 1999 (the "Agreement"), is made as of April 30, 1999. Pursuant to Section 7 of the Agreement, the Agreement is hereby amended in its entirety as follows: 1. The list of funds and assets under management set out in Schedule A to the Agreement is hereby replaced in its entirety with the following list: IVY INTERNATIONAL SMALL COMPANIES FUND - 50% of Fund's net assets IVY EUROPEAN OPPORTUNITIES FUND - 100% of Fund's net assets 2. The fee schedule set out in Schedule B to the Agreement is hereby replaced in its entirety with the following fee schedule: IVY INTERNATIONAL SMALL COMPANIES FUND - payable monthly at an annual rate of 0.50% of the portion of the Fund's average daily net assets managed by the Subadviser. IVY EUROPEAN OPPORTUNITIES FUND - payable monthly at an annual rate of 0.50% of the portion of the Fund's average daily net assets managed by the Subadviser. Except as provided herein, the terms and provisions of the Agreement shall remain in full force and effect without amendment. Executed under seal this 29th of April, 1999. SIGNED by: IVY MANAGEMENT, INC. By: /s/ C. WILLIAM FERRIS ------------------------- C. William Ferris Senior Vice President HENDERSON INVESTMENT MANAGEMENT LIMITED By: /s/ SEAN DRANFIELD ------------------------- Sean Dranfield Executive Director