SEC Contract Filing

Filing Date: 2019-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.32.8
<SEQUENCE>4
<FILENAME>q42018exhibit10328.htm
<DESCRIPTION>EXHIBIT 10.32.8
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2019 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s464ea6037a89428c8a559235b4d0113f"></a></div><div style="font-size:10pt;"><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.32.8</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Final Execution Version</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">MASTER SUB-ADVISORY AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#32;ADDENDUM THREE</font></div><div style="line-height:120%;text-align:center;padding-left:241px;text-indent:-75px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">This Master Sub-Advisory Agreement Addendum Three is made this 7th day of May, 2018 (this &#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">Addendum</font><font style="font-family:inherit;font-size:9pt;">&#8221;), by and among Athene Asset Management LLC (f/k/a Athene Asset Management, L.P.), a Delaware limited liability company (the &#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">Investment Manager</font><font style="font-family:inherit;font-size:9pt;">&#8221;), Apollo Capital Management, L.P., a Delaware limited partnership (&#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">ACM</font><font style="font-family:inherit;font-size:9pt;">&#8221;), Apollo Global Real Estate Management, L.P., a Delaware limited partnership (&#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">AGREM</font><font style="font-family:inherit;font-size:9pt;">&#8221;), ARM Manager LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">ARM</font><font style="font-family:inherit;font-size:9pt;">&#8221;), Apollo Longevity, LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">ALL</font><font style="font-family:inherit;font-size:9pt;">&#8221;) and Apollo Emerging Markets, LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">AEM</font><font style="font-family:inherit;font-size:9pt;">&#8221; and together with ACM, AGREM, ARM and ALL, the &#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">Sub-Advisors</font><font style="font-family:inherit;font-size:9pt;">), pursuant to that certain Second Amended and Restated Master Sub-Advisory Agreement, effective as of April 1, 2014 (as further amended, supplemented or modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">Master Sub-Advisory Agreement</font><font style="font-family:inherit;font-size:9pt;">&#8221;) by and among the Investment Manager and the Sub-Advisors. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Master Sub-Advisory Agreement.</font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:96px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:9pt;">, the Investment Manager and the Sub-Advisors entered into the Master Sub-Advisory Agreement pursuant to which the Investment Manager retained the Sub- Advisors to manage an investment portfolio of one or more Accounts;</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:96px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:9pt;">, Section 2(k) of the Master Sub-Advisory Agreement provides that the parties may enter into an arrangement, either pursuant to an Addendum or other written arrangement, whereby the Sub-Advisor would have discretion with respect to certain transactions other than as set forth in Section 2(a) of the Master Sub-Advisory Agreement, such as to execute transactions for the Accounts without seeking prior consent from the Investment Manager so long as they fit within, among other things, certain prescribed guidelines;</font></div><div style="line-height:120%;padding-top:0px;text-align: