<SEC-DOCUMENT>0001145443-14-001621.txt : 20141224
<SEC-HEADER>0001145443-14-001621.hdr.sgml : 20141224
<ACCEPTANCE-DATETIME>20141224100109
ACCESSION NUMBER:		0001145443-14-001621
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20141031
FILED AS OF DATE:		20141224
DATE AS OF CHANGE:		20141224
EFFECTIVENESS DATE:		20141224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHN HANCOCK INCOME SECURITIES TRUST
		CENTRAL INDEX KEY:			0000759866
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04186
		FILM NUMBER:		141309003

	BUSINESS ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		617-663-3000

	MAIL ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HANCOCK JOHN INCOME SECURITIES TRUST /MA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<PAGE>      PAGE  1
000 B000000 10/31/2014
000 C000000 0000759866
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 John Hancock Income Securities Trust
001 B000000 811-4186
001 C000000 6176634497
002 A000000 601 Congress Street
002 B000000 Boston
002 C000000 MA
002 D010000 02210
002 D020000 2805
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 JOHN HANCOCK ADVISERS, LLC
008 B000001 A
008 C000001 801-8124
008 D010001 BOSTON
008 D020001 MA
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008 A000002 John Hancock Asset Management
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010 A000001 JOHN HANCOCK ADVISERS, LLC
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012 A000001 Computershare Shareowner Services, LLC
012 B000001 84-5579
012 C010001 Jersey City
012 C020001 NJ
012 C030001 07310
012 C040001 1900
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 BOSTON
<PAGE>      PAGE  2
013 B020001 MA
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014 A000001 SIGNATOR INVESTORS, INC.
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014 A000002 JOHN HANCOCK FUNDS, LLC
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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015 D010037 Jordan
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  16
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070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000    145115
071 B000000    139819
071 C000000    270352
071 D000000   52
072 A000000 12
072 B000000    11993
072 C000000      512
072 D000000        0
072 E000000        0
072 F000000     1422
072 G000000       47
072 H000000        0
072 I000000       90
072 J000000       26
072 K000000        0
072 L000000       64
072 M000000       43
072 N000000       20
072 O000000        0
072 P000000      593
072 Q000000        0
072 R000000       52
072 S000000       48
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       29
072 X000000     2434
<PAGE>      PAGE  18
072 Y000000        7
072 Z000000    10078
072AA000000     2902
072BB000000        0
072CC010000     3628
072CC020000        0
072DD010000    11186
072DD020000        0
072EE000000        0
073 A010000   0.9526
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000      281
074 B000000      563
074 C000000        0
074 D000000   259772
074 E000000     3998
074 F000000    11745
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000     2534
074 M000000       10
074 N000000   278903
074 O000000      916
074 P000000        3
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    92022
074 S000000        0
074 T000000   185962
074 U010000    11743
074 U020000        0
074 V010000    15.84
074 V020000     0.00
074 W000000   0.0000
074 X000000     1984
074 Y000000      280
075 A000000        0
075 B000000   183253
076  000000    14.29
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078  000000 N
080 A000000 Chubb (Federal Insurance Co.)
<PAGE>      PAGE  19
080 B000000 ICI Mutual Insurance
080 C000000     3000
081 A000000 Y
081 B000000 216
082 A000000 Y
082 B000000      150
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 John Hancock Income Securities Trust
087 A020000 410123103
087 A030000 JHS
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   SALVATORE SCHIAVONE
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>d31945_ex99-77b.htm
<DESCRIPTION>EX-99.77B ACCT LTTR
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Georgia, Times, Serif; margin: 0; text-align: center">Report of Independent Registered Public Accounting
Firm</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0 1pt">To the Board of Trustees and Shareholders of John Hancock Income Securities
Trust:</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0 1pt">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0 1pt">In planning and performing our audits of the financial statements
of John Hancock Income Securities Trust (the &#8220;Fund&#8221;) as of and for the year ended October 31, 2014, in accordance with
the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over
financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the
purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we
do not express an opinion on the effectiveness of the Fund's internal control over financial reporting.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">The management of the Fund is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of controls. A fund&#8217;s internal control over financial reporting
is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial
reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles,
and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees
of the fund; and (3)<FONT STYLE="color: red"> </FONT> provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a fund&#8217;s assets that could have a material effect on the financial statements.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies
or procedures may deteriorate.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in
internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's
annual or interim financial statements will not be prevented or detected on a timely basis.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control
over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight
Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and their operation,
including controls over safeguarding securities that we consider to be material weaknesses as defined above as of October 31, 2014.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0 1pt">This report is intended solely for the information and use of management
and the Board of Trustees of John Hancock Income Securities Trust and the Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than these specified parties.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">/s/ PricewaterhouseCoopers LLP</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">Boston, Massachusetts</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">December 16, 2014</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1
<SEQUENCE>3
<FILENAME>d31945_ex-a2csatas.htm
<DESCRIPTION>OTHR EXHB
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">AMENDMENT
TO</FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">JOHN
HANCOCK CLOSED-END FUNDS</FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">SERVICE
AGREEMENT</FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">FOR</FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">TRANSFER
AGENT SERVICES</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>June 30, 2014</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0" ALIGN="CENTER">1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">THIS AMENDMENT (this &#8220;Amendment&#8221;) dated June 30, 2014
to the Service Agreement for Transfer Agent Services (the &#8220;Agreement&#8221;) dated June 1, 2002, as amended by and between
<FONT STYLE="color: black">Computershare Inc., successor-in-interest<FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"> to
</FONT></FONT>Computershare Shareowner Services LLC, a New Jersey limited liability company (&#8220;Agent&#8221;), and John Hancock
Financial Opportunities Fund, John Hancock Hedged Equity &amp; Income Fund, John Hancock Income Securities Trust, John Hancock
Investors Trust, John Hancock Preferred Income Fund, John Hancock Preferred Income Fund II, John Hancock Preferred Income Fund
III, John Hancock Premium Dividend Fund, John Hancock Tax-Advantaged Dividend Income Fund and John Hancock Tax-Advantaged Global
Shareholder Yield Fund, each a Massachusetts Business Trust (collectively, the &#8220;Clients&#8221;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">WHEREAS, Agent and the Clients desire to amend the Agreement as
provided in this Amendment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">NOW THEREFORE, in consideration of the mutual conditions and agreements
set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 0.25in">1.</TD>
<TD><U>Amendment to Agreement</U></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD>
<TD STYLE="width: 19.5pt">(a)</TD>
<TD>Section 2 (a) of the Agreement is hereby amended and restated in its entirety to read as follows:</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 37.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD WIDTH="5%">&nbsp;</TD>
<TD STYLE="width: 19.5pt">(a)</TD>
<TD>Effective June 30, 2014, this Agreement shall continue through June 30, 2016, provided however, the Clients may terminate this
Agreement at any time and without penalty on sixty (60) days written notice to Agent.</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD WIDTH="5%"></TD>
<TD STYLE="width: 19.5pt">(b)</TD>
<TD>Exhibit D for each Client, as amended, is hereby deleted in its entirety and replaced with the attached revised Exhibit D.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 0.25in">2.</TD>
<TD><U>Term of the Amendment</U>. This amendment shall become effective upon due execution and delivery by the parties hereto,
and shall remain in effect for so long as the Agreement shall remain in effect.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 0.25in">3.</TD>
<TD><U>Ratification</U>. Except as expressly set forth herein, the Agreement is not modified hereby and shall remain in full force
and effect in accordance with the respective provisions thereof and is in all respects ratified and affirmed.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 0.25in">4.</TD>
<TD><U>Partial Invalidity</U>. If any provision of this Amendment is held to be invalid or unenforceable, such invalidity or unenforceability
shall not invalidate this Amendment as a whole, but this Amendment shall be construed as though it did not contain the particular
provision held to be invalid or unenforceable and the rights and obligations of the parties shall be construed and enforced only
to such extent as shall be permitted by applicable law.</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0" ALIGN="CENTER">2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 0.25in">5.</TD>
<TD><U>Counterparts</U>. This Amendment may be executed in two or more counterparts, each of which, when executed and delivered,
shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument.</TD>
</TR></TABLE>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Georgia, Times, Serif; margin: 0">IN WITNESS WHEREOF, the parties hereto have caused these presents
to be duly executed as of the day and year first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>Computershare Inc.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">By: <U>/s/ Martin
J. McHale, Jr</U>. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Name: Martin J. McHale, Jr.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Title: President, U.S. Equity Services</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Financial Opportunities Fund </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Hedged Equity &amp; Income Fund </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Income Securities Trust </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Investors Trust </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund II </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund III</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Premium Dividend Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Tax-Advantaged Dividend Income Fund </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Tax-Advantaged Global Shareholder Yield Fund </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Salvatore Schiavone</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Name: Salvatore Schiavone</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Title: Treasurer of the Funds listed Above</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1
<SEQUENCE>4
<FILENAME>d31945_ex-asaacefmar.htm
<DESCRIPTION>OTHR EXHB
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK INCOME SECURITIES
TRUST</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK INVESTORS TRUST</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK PREFERRED INCOME
FUND</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK PREFERRED INCOME
FUND II</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK PREFERRED INCOME
FUND III</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>JOHN HANCOCK TAX-ADVANTAGED DIVIDEND
INCOME FUND</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: center"><B>AMENDMENT TO SUBADVISORY AGREEMENT</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt"><B>Appendix A</B> to each of the above referenced Fund&#8217;s
Subadvisory Agreement dated December 31, 2005, is hereby amended to clarify and reflect the following:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold; text-decoration: underline">Fund</TD>
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold; text-decoration: underline">Percentage of Average Daily Managed Assets</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Income Securities Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Up to $150 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Next $50 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Next $100 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Excess over $300 million: 0.[XXX]%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Investors Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Up to $150 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Next $50 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Next $100 million: 0.[XXX]%</P>
        <P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt">Excess over $300 million: 0.[XXX]%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Preferred Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">0.[XXX]%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Preferred Income Fund II</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">0.[XXX]%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Preferred Income Fund III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">0.[XXX]%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">John Hancock Tax-Advantaged Dividend Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">0.[XXX]%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

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<PAGE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt">Executed this 1<SUP>st</SUP> day of May, 2014.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">J<B>OHN HANCOCK INCOME SECURITIES TRUST</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">J<B>OHN HANCOCK INVESTORS TRUST</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK PREFERRED INCOME FUND</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK PREFERRED INCOME FUND II</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK PREFERRED INCOME FUND III</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">By: <U>/s/ Leo Zerilli</U></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Name: Leo Zerilli</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Title: Senior Vice President, Investments</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK ADVISERS, LLC</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">BY: <U>/s/ Jeffrey Long</U></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Name: Jeffrey Long</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Title: Chief Financial Officer</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>JOHN HANCOCK ASSET MANAGEMENT, a DIVISION OF
MANULIFE ASSET MANAGEMENT (US) LLC</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">BY: <U>/s/ Diane R. Landers</U></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Name: Diane R. Landers</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Title: Chief Administrative Officer</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.77Q1
<SEQUENCE>5
<FILENAME>d31945_ex-jharsact.htm
<DESCRIPTION>OTHR EXHB
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; letter-spacing: 0.25pt; text-align: center">AMENDED AND RESTATED</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; letter-spacing: 0.25pt; text-align: center">SERVICE
AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>THIS AGREEMENT</B> (the &#8220;Agreement&#8221;)
is amended and restated as of this 25th day of June, 2014, by and between the trusts listed in Appendix A (the &#8220;Trusts&#8221;),
on behalf of themselves and each of their funds (except as noted) (the &#8220;Funds&#8221;) and John Hancock Advisers, LLC (&#8220;John
Hancock&#8221;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>WHEREAS</B>, each Trust desires to
retain John Hancock to provide certain services to the Trust and the Funds as described below; and John Hancock is willing to provide
such services in the manner and on the terms hereinafter set forth; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>WHEREAS,</B> each Trust has entered
into a Service Agreement with John Hancock dated as of January 1, 2014, and each party desires to amend and restate that Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>NOW, THEREFORE</B>, each Trust and
John Hancock hereby agree as follows:</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>1.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Services</U></B>. Subject to the general supervision of the Boards of Trustees of the Trusts (the &#8220;Boards
of Trustees&#8221;), John Hancock will provide (a) to the Trusts and each of the Funds the services set forth below, and (b) to
each of the Funds (if any) that is identified in Appendix B as a feeder fund (&#8220;Feeder Fund&#8221;) that invests substantially
all of its assets in a corresponding master fund (&#8220;Master Fund&#8221;) having substantially similar investment objectives
and policies, such additional services and functions set forth below, as are reasonably necessary for the operation of the Trusts
and each Fund (&#8220;Services&#8221;). The Services, to the extent not required to be performed by John Hancock pursuant to an
investment advisory agreement with respect to a Fund, include, but are not limited to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">A.</TD><TD STYLE="text-align: justify">Legal services as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Maintenance of each Fund&#8217;s registration statement and federal and state registration;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Preparation of certain notices and proxy materials furnished to shareholders of the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Preparation of periodic reports of each Fund to regulatory authorities, including Form N-SAR and
Rule 24f-2 legal opinions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Preparation of materials in connection with meetings of the Board of Trustees including minutes
of the meeting and all Board Committee meetings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Administration of the meetings of the Board of Trustees;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Preparation of written contracts, distributions plans, compliance procedures, corporate and trust
documents and other legal documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Research advice and consultation about certain legal, regulatory and compliance issues;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Supervision, coordination and evaluation of certain services provided by outside counsel;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Responses to subpoenas and appropriate information requests for shareholder records; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Management of litigation regarding the Funds.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">B.</TD><TD STYLE="text-align: justify">Tax Services as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Arranging for, or participating in, the preparation and filing of all required tax returns for
the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Review of required Fund distributions for excise, fiscal year-end and calendar year-end;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Review of &#8220;complex&#8221; securities purchased by the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Preparation of tax information that is included in a Fund&#8217;s Form 1099-DIV and distributed
to third party intermediaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Preparation of financial statement tax adjustments and disclosures for the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Monitoring regulatory compliance with applicable IRS rules and regulations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Preparation of tax provisions for excise, fiscal year-end and calendar year end;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Analysis and consultation regarding certain tax matters;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Oversight of tax services provided by auditing firms such as Ernst &amp; Young; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Review of final distributions relating to Fund mergers.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">C.</TD><TD STYLE="text-align: justify">Treasury Services as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Review of each Fund&#8217;s net asset value on a daily (next day) basis;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Assessment and review of internal controls for the Funds at the custodian bank and perform custodian
and fund accounting agent oversight;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Support for Fund dividend distributions including daily distributing funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Analysis and disposition of pricing errors including support for reimbursement of losses and reprocessing
of fund shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Coordination and preparation of Board materials for Fund Administration, including materials for
the annual Board meeting to review the Fund contracts;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Development of Accounting Policies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Review of cash and securities reconciliations and aged exception items;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Review monthly custodian Operations Report and conduct periodic onsite risk reviews;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Review Fund prospectuses;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Monthly review of Statement of Condition/Trial Balance;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(11)</FONT></TD><TD STYLE="text-align: justify">Oversight of Blue Sky filings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(12)</FONT></TD><TD STYLE="text-align: justify">Provide guidance to JH Investments on operational Fund structure and process flows;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(13)</FONT></TD><TD STYLE="text-align: justify">Coordination and administration of Dividend Committee meetings; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(14)</FONT></TD><TD STYLE="text-align: justify">Prepare materials for monthly Risk and Investment Operations (RIO) meetings, including quarterly
reporting to the Board.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">D.</TD><TD STYLE="text-align: justify">Valuation as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Development and maintenance of Board approved pricing policies and procedures for the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Daily review of Fund market risk, such as suspended securities, significant events, price discrepancies
and stale prices, including development of reports to identify market risk;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Development and maintenance of controls relating to valuation of Fund securities;</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Preparation of reports relating to the valuation risks including fair valuation of securities as
prescribed in Board approved policies and procedures ;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Conducting Pricing Committee meetings as needed and assist in the determination of fair valuation
of securities;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Due Diligence of pricing vendors, including onsite visits;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Prepare materials for monthly Pricing Committee meetings, including quarterly reviews of selected
asset classes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Monitor for significant events;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Analyze fair value prices to market open;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Periodically evaluate trigger levels; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(11)</FONT></TD><TD STYLE="text-align: justify">Document fair value decisions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">E.</TD><TD STYLE="text-align: justify">Financial Reporting and Performance as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Preparation of financial data or reports required by the Securities and Exchange Commission or
other regulatory authorities including the preparation of semi-annual and annual reports for the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Preparation of Form N-CSR, Form N-Q, Form N-SAR, Form N-MFP and CFTC reporting (as applicable)
for the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Coordination of independent external audits for the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Administration and maintenance of the
data management system;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Review of the investment performance of the Funds, including performance attribution, and preparation
of reports relating to such performance;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Coordination and administration of CEO/CFO certification materials;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Coordination and administration of Accounting Policies Meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Coordination and administration of Disclosure Controls &amp; Procedures (DC&amp;P) meetings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Provide business analyst support for Fund Administration activities;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Maintain the Funds&#8217; GAAP reporting policies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(11)</FONT></TD><TD STYLE="text-align: justify">Assist the Funds&#8217; Audit Committees in annual fee proposals and monitor auditor independence;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(12)</FONT></TD><TD STYLE="text-align: justify">Administer and review the pre-approval process for the Funds&#8217; auditors regarding non-audit
securities engagements;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(13)</FONT></TD><TD STYLE="text-align: justify">Review and on-going maintenance of Fund financial statement disclosures;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(14)</FONT></TD><TD STYLE="text-align: justify">Provide confirmation support for external audit;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(15)</FONT></TD><TD STYLE="text-align: justify">Coordinate Closed End Funds annual financial statements and Audit Committee approval; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(16)</FONT></TD><TD STYLE="text-align: justify">Review all data feeds and analyze and resolve all exceptions.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">F.</TD><TD STYLE="text-align: justify">Compliance as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Monitoring of post trade compliance by each Fund with applicable regulatory requirements, including
the 1940 Act; the Securities Act of 1933, as amended; the Securities Exchange Act of 1934, as amended; the Sarbanes-Oxley Act of
2002; Title V of the Gramm-Leach-Bliley Act (relating to the privacy of customer information); the Bank Secrecy Act (relating to
money-laundering); and the</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">&nbsp;&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify">Internal Revenue Code of 1986, as amended, and the rules and regulations under each thereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Review and processing of Fund litigation claims and settlements;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Testing of policies and procedures relating to Fund Administration compliance services for the
Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Maintenance of Fund Administration policies and procedures;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Develop ad-hoc reporting on compliance related matters;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Review of sub-adviser compliance materials;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Administration and filing of Form N-PX; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Coordination with internal audit review.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">G.</TD><TD STYLE="text-align: justify">Service Provider Oversight (Vendor Management) as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Assistance in the selection of service providers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Negotiation of existing service provider agreements including appropriate amendments thereto;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Monitoring the performance of and the quality of services provided by service providers under such
agreements including the review of vendor reports, performance measurement reporting (&#8220;scorecards&#8221;) and periodic due
diligence reviews;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Review and assess known compliance violations with service providers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Monitoring service providers&#8217; compliance with applicable regulatory requirements;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Preparing compliance, risk, and financial reporting dashboards for service providers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Reporting periodically to the Board of Trustees on the service providers and the services provided
to the Trust and the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Responding to requests from regulators regarding the service providers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Establish a philosophy and framework for effective management and oversight of Fund service providers
including conducting on-site due diligence visits as necessary;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Development and review of Service Level Agreements as needed;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(11)</FONT></TD><TD STYLE="text-align: justify">Monitor news events regarding Funds&#8217; vendor relationships; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(12)</FONT></TD><TD STYLE="text-align: justify">Prepare materials and coordinate key vendor periodic executive meetings.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">H.</TD><TD STYLE="text-align: justify">Portfolio and Cash Management Services</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Coordinate and execute transactions relating to the Funds such as Fund mergers, subadviser changes,
Fund rebalancing and Fund asset transfers (collectively, &#8220;Fund Events&#8221;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Review matters relating to Fund mergers, Fund launches and Fund liquidations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Administer the Fund Commission Recapture Program;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Review bank overdraft changes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Administer transition management program;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Analyze merger related costs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Monitor the cash management of the Funds;</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">4</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(8)</FONT></TD><TD STYLE="text-align: justify">Administer and monitor the compliance with the Fund Line of Credit for Closed End funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(9)</FONT></TD><TD STYLE="text-align: justify">Monitor collateral relating to derivatives, financing arrangements, Fund investments and accounts
supporting bank lines of credit;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(10)</FONT></TD><TD STYLE="text-align: justify">Prepare N-14 pro-forma merger related information and financial statements for other Fund transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(11)</FONT></TD><TD STYLE="text-align: justify">Coordinate operational activities associated with Fund of Funds rebalancing;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(12)</FONT></TD><TD STYLE="text-align: justify">Oversight of securities lending, including the coordination and administration of the Securities
Lending Working Group;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(13)</FONT></TD><TD STYLE="text-align: justify">Oversight of the Interfund Lending Program;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(14)</FONT></TD><TD STYLE="text-align: justify">Review of security lending income received by the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(15)</FONT></TD><TD STYLE="text-align: justify">Review of commission recapture income received by the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(16)</FONT></TD><TD STYLE="text-align: justify">Preparation of materials for Complex Securities Committee meetings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(17)</FONT></TD><TD STYLE="text-align: justify">Review of &#8220;complex&#8221; securities purchased by the Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(18)</FONT></TD><TD STYLE="text-align: justify">Review of financing break even analysis for Closed End Funds;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(19)</FONT></TD><TD STYLE="text-align: justify">Review of contractual covenants and coordination of de-leveraging events; associated with closed-end
Fund lines of credit; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(20)</FONT></TD><TD STYLE="text-align: justify">Provide advice and consultative services as required for Fund events such as subadviser reassignments
and fund liquidations.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">I.</TD><TD STYLE="text-align: justify">Fund Administration Solutions</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Conduct monthly Fund Administration project prioritization meetings with senior management;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Develop the master project list, prioritization schedule and Project Management Office staffing
model;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Adhere to Manulife&#8217;s corporate Information Technology project prioritization procedures (i.e.
Project Gating and Steering Committee participation);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Facilitate project meetings and the development of business requirements, project plans and summary
dashboard reporting documents; execute select projects; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Coordinate activities with internal and external Information Technology representatives.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">J.</TD><TD STYLE="text-align: justify">Additional Services to Feeder Funds:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Assist in the development of information and reports to the Board of Trustees (i) to enable it
to make all necessary decisions regarding whether to invest the assets of a Feeder Fund in shares of a particular Master Fund and
(ii) as may be requested by the Board of Trustees from time to time;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Coordination with the board of directors, officers and service providers of each Master Fund for
purposes of obtaining all information, reports, certifications, signatures and other materials reasonably necessary for preparing
and filing of its corresponding Feeder Fund&#8217;s registration statement, shareholder reports and other reports that may be filed
pursuant to applicable securities laws and regulations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Effecting daily trades into or from each Master Fund, settling all such transactions and performing
trading and settlement reconciliations;</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">5</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Facilitation of distributing Master Fund proxy solicitation materials to corresponding Feeder Fund
shareholders and/or coordinating with officers and service providers of each Master Fund the incorporation of its proxy information
into its corresponding Feeder Fund proxy solicitation materials; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Coordination with officers and service providers of each Master Fund for purposes of enabling its
corresponding Feeder Fund to compile and maintain such books and records as may be legally required or reasonably necessary or
prudent for such Feeder Fund to compile and maintain.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">K.</TD><TD STYLE="text-align: justify">Expense Services</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(1)</FONT></TD><TD STYLE="text-align: justify">Preparation of expense budget for each Fund;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(2)</FONT></TD><TD STYLE="text-align: justify">Preparation of Form 24f-2 notices for each Fund;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(3)</FONT></TD><TD STYLE="text-align: justify">Calculation of expense information included in Fund registration statements;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(4)</FONT></TD><TD STYLE="text-align: justify">Monitoring of Fund expense caps and waivers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(5)</FONT></TD><TD STYLE="text-align: justify">Perform 18f-3 reviews;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(6)</FONT></TD><TD STYLE="text-align: justify">Review of Fund expenses and authorization for disbursement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: windowtext">(7)</FONT></TD><TD STYLE="text-align: justify">Completion and review of 12b-1 expense cap calculations.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In connection with its provision of
the Services, John Hancock will</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify"><FONT STYLE="color: black">Provide such staff and personnel as are reasonably necessary to perform
the Services for the Trusts and the Funds. Without limiting the generality of the foregoing, such staff and personnel shall be
deemed to include officers of John Hancock and its affiliates, and persons employed or otherwise retained by John Hancock, to provide
or assist in providing the Services to the Trusts and the Funds; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify"><FONT STYLE="color: black">Provide the Trusts and the Funds with all office facilities to perform
the Services.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">The Services do not include services
performed and personnel provided pursuant to contracts with the Trust or the Funds by third-party custodians, transfer agents and
other service providers.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>2.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Compensation</U></B>. In consideration for the Services provided to the Trusts and the Funds by John Hancock and
its affiliates pursuant to this Agreement, each Fund will pay John Hancock such fee or other compensation as may be approved by
the Board of Trustees from time to time and set forth in Appendix C hereto as the same may be amended from time to time. Any Services
provided by a person or entity other than John Hancock and its affiliates, including, without limitation, services provided by
attorneys not affiliated with John Hancock, are not covered under this Agreement and are an expense of the Funds.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>3.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>No Partnership or Joint Venture</U></B>. Each Trust, on behalf of itself and each of its Funds, and John Hancock
are not partners of or joint venturers with each other, and nothing herein shall be construed so as to make any of the Trusts,
on behalf of itself or any of its Funds, and John Hancock partners or joint venturers or impose any liability as such on the Trust,
any Fund or John Hancock.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">6</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>4.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Limitation of Liability</U></B>. John Hancock shall not be liable for any error of judgment or mistake of law
or for any loss suffered by the Funds in connection with the matters to which this Agreement relates, except losses resulting from
willful misfeasance, bad faith or negligence by John Hancock in the performance of its duties or from reckless disregard by John
Hancock of its obligations under this Agreement. Any person, even though also employed by John Hancock, who may be or become an
employee of and paid by any of the Trusts shall be deemed, when acting within the scope of his or her employment by the Trust,
to be acting in such employment solely for the Trusts and not as John Hancock&#8217;s employee or agent.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>5.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Duration and Termination of Agreement</U></B>. This Agreement shall remain in effect until the second anniversary
of the date on which it was executed, and from year to year thereafter, but only so long as such continuance is specifically approved
at least annually by a majority of the Board of Trustees and a majority of the Trustees who are not interested persons (as defined
in the 1940 Act) of any of the Trusts or John Hancock. The Agreement may, on 60 days&#8217; written notice, be terminated at any
time without the payment of any penalty by any of the Trusts on behalf of itself or any of its Funds (by vote of a majority of
the Trustees of the Trust) or by John Hancock.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>6.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Amendment</U></B>. No provision of this Agreement may be amended, waived, discharged or terminated except by an
instrument in writing signed by the party against which enforcement of the amendment, waiver, discharge or termination is sought.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>7.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Governing Law</U></B>. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth
of Massachusetts without regard to the choice of law provisions thereof.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman Bold; color: windowtext"><B>8.</B></FONT><B><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><U>Miscellaneous</U></B>. The captions in this Agreement are included for convenience of reference only and in no
way define or limit any of the provisions of this Agreement or otherwise affect their construction or effect. This Agreement may
be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. A copy of the Declaration of Trust of each Trust which is organized as a Massachusetts
business trust is on file with the Secretary of State of the Commonwealth of Massachusetts and provides that no Trustee, shareholder,
officer, employee or agent of the Trust shall be subject to any personal liability in connection with Trust property or the affairs
of the Trust, but that only the assets belonging to the Trust, or to the particular Fund with respect to which an obligation or
claim arose, shall be liable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(THE REMAINDER OF THIS SPACE HAS BEEN
INTENTIONALLY LEFT BLANK)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">7</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>IN WITNESS WHEREOF</B>, the undersigned
have caused this Agreement to be executed by their duly authorized officers as of the date first written above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>JOHN HANCOCK ADVISERS, LLC</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>By:&nbsp;</B>/<U>s/ Charles A. Rizzo</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 27px;">Name: Charles A. Rizzo</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 27px;">Title: Chief Financial Officer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>By all the Trusts listed in Appendix A</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">By:&nbsp;<U>/s/ Andrew Arnott</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 24px;">Name: Andrew Arnott</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 24px;">Title: President</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">8</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; letter-spacing: 0.25pt; text-align: center">Appendix
A</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Bond Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Current Interest</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Funds II</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Funds III</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Hedged Equity &amp; Income Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Income Securities Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Investment Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series (except John
Hancock Large Cap Equity Fund)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Investment Trust II</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Investors Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Municipal Securities Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund II</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Preferred Income Fund III</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Sovereign Bond Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Strategic Series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Tax-Advantaged Dividend Income Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Tax-Advantaged Global Shareholder Yield Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>John Hancock Tax-Exempt Series Fund</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>On behalf of each of its series</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">A-1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; letter-spacing: 0.25pt; text-align: center">Appendix
B</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>The Feeder Funds are as follows:</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">None</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">B-1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; letter-spacing: 0.25pt; text-align: center">Appendix
C</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; letter-spacing: 0.25pt; text-align: center"><U>Compensation</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each Fund listed in Appendix A shall
reimburse John Hancock for its expenses associated with providing all such Services described in this Agreement, including (a)
direct compensation and related personnel expenses, (b) direct expenses of office space, office equipment, utilities and miscellaneous
office expenses (&#8220;Office Support&#8221;), (c) direct expenses of computer hardware and software (and the development thereof)
used to support John Hancock in providing such Services and IT support relating to such computer hardware and software, (d) other
reasonable direct expenses incurred by John Hancock in providing Services to the Funds including, without limitation, expenses
related to services provided by third parties such as Charles River, GainsKeeper and Confluence, Bloomberg to John Hancock that
are related to John Hancock&#8217;s provision of Services to the Funds and (e) overhead expenses (including Manulife Financial
Corporation (&#8220;Manulife&#8221;) corporate overhead) related to Office Support and personnel who provide services to each Fund
(the &#8220;Reimbursement&#8221;), provided that overhead expenses related to Office Support shall not exceed levels that are allocated
ordinarily to other Manulife business units. John Hancock shall determine, subject to Board approval, the expenses to be reimbursed
by each Fund; provided, however, that such expenses shall not exceed levels that are fair and reasonable in light of the usual
and customary charges made by others for services of the same nature and quality. The Reimbursement shall be calculated and paid
monthly in arrears.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt;" ALIGN="CENTER">C-1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right">July 1, 2014</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">To the Trustees of the John Hancock Group of Funds</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">601 Congress Street&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt">Boston, MA 02210</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt">Re:&nbsp;&nbsp;&nbsp;&nbsp;<U>Agreement to Waive Advisory Fees and Reimburse
Expenses</U></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 45.75pt">John Hancock Investment
Management Services, LLC and John Hancock Advisers, LLC (collectively, the &#8220;Advisers&#8221;), each an investment adviser
to the investment companies listed in Appendix A (collectively, the &#8220;John Hancock Funds&#8221;), hereby notify you as follows:</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1. Each Adviser
agrees to waive its management fee for a John Hancock Fund portfolio, as applicable, or otherwise reimburse the expenses of that
portfolio as set forth below (the &#8220;Reimbursement&#8221;).</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2. <FONT STYLE="color: black">The Reimbursement
shall apply to all John Hancock Fund portfolios in existence on the date of this Agreement, except those noted below, and to all
future John Hancock Fund portfolios to which an Adviser agrees this Agreement should apply (the &#8220;Participating Portfolios&#8221;).</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">The Reimbursement shall not apply to the following John Hancock
Variable Insurance Trust portfolios:</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Lifestyle Trust</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Lifecycle Trust</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Lifestyle PS Series</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Core Strategy Trust</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Franklin Templeton Founding Allocation Trust</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in" ALIGN="CENTER">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">The reimbursement shall not apply to the following John Hancock
Funds II portfolios:</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Retirement Choices Portfolio</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Lifestyle Portfolio</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Lifestyle II Portfolio</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Retirement Living Portfolio</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Each Retirement Living II Portfolio</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Alternative Asset Allocation Fund</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">3. The Reimbursement shall equal on an annualized
basis:</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">0.01% of that portion of the aggregate net assets of all the Participating
Portfolios that exceeds $75 billion but is less than or equal to $125 billion;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">0.0125% of that portion of the aggregate net assets of all the Participating
Portfolios that exceeds $125 billion but is less than or equal to $150 billion; and</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">0.0150% of that portion of the aggregate net assets of all the Participating
Portfolios that exceeds $150 billion.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">The amount of the Reimbursement shall be calculated daily and allocated
among all the Participating Portfolios in proportion to the daily net assets of each such portfolio.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">4. The Reimbursement with respect to each Participating
Portfolio may be terminated or modified at any time by an Adviser upon notice to the Participating Portfolio and approval of the
John Hancock Funds Board of Trustees.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">5. This Agreement is effective as of July 1,
2014 and supersedes the prior Letter Agreement from the Adviser to the Trustees relating to the same subject matter.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in" ALIGN="CENTER">-2-</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 14pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Very truly yours,</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Management Services, LLC</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By: <U>/s/ Leo Zerilli&nbsp;</U></TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 26pt">Leo Zerilli, Senior Vice President and<BR> Chief Investment Officer</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Advisers, LLC</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By: <U>/s/ Leo Zerilli&nbsp;</U></TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 26pt">Leo Zerilli, Senior Vice President and<BR> Chief Investment Officer</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 25.4pt">ACCEPTED BY:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Financial Opportunities Fund</TD>
    <TD STYLE="width: 57%; padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Floating Rate High Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Bond Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Municipal Securities Trust</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock California Tax-Free Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Capital Series</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund II</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Current Interest</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund III</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Emerging Markets Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Premium Dividend Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Funds III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Sovereign Bond Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Hedged Equity &amp; Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Strategic Diversified Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Income Securities Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Strategic Series</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Advantaged Dividend Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust II</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Advantaged Global Shareholder Yield Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Exempt Series Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investors Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Funds II</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Variable Insurance Trust</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">On behalf of each of its series identified as a Participating
Portfolio</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:&nbsp;<U>/s/ Andrew G. Arnott&nbsp;</U></TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 24pt">&nbsp;President</TD>
</TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in" ALIGN="CENTER">-3-</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<PAGE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Appendix A</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 14pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Financial Opportunities Fund</TD>
    <TD STYLE="width: 57%; padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Floating Rate High Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Bond Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Municipal Securities Trust</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock California Tax-Free Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Capital Series</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund II</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Current Interest</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Preferred Income Fund III</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Emerging Markets Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Premium Dividend Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Funds III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Sovereign Bond Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Hedged Equity &amp; Income Fund</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Strategic Diversified Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Income Securities Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Strategic Series</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Advantaged Dividend Income Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust II</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Advantaged Global Shareholder Yield Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investment Trust III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Tax-Exempt Series Fund</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Investors Trust</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Funds II</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Hancock Variable Insurance Trust</TD>
</TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in" ALIGN="CENTER">-4-</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 0 0in">&nbsp;</P>

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