MANAGEMENT FEE WAIVER As of March 1, 2011
MANAGEMENT FEE WAIVER
As of March 1, 2011
This Management Fee Waiver (this “Agreement”) is made and entered into as of this 1st day of March 2011 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Securities Trust (“Securities Trust”) with respect to the Lord Xxxxxx Alpha Strategy Fund (the “Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
| 1. | Lord Xxxxxx agrees for the time period set forth in paragraph 2 below to reduce its management fee to 0.05% payable under the Management Agreement between Lord Xxxxxx and Securities Trust with respect to the Fund. |
| 2. | Lord Xxxxxx’x commitment described in paragraph 1 will be effective from March 1, 2011 through February 29, 2012. |
IN WITNESS WHEREOF, Lord Xxxxxx and Securities Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.
| LORD XXXXXX SECURITIES TRUST | ||
| By: /s/ Xxxxxx X. Xxxxxxxx | ||
| Xxxxxx X. Xxxxxxxx | ||
| Vice President and Assistant Secretary | ||
| LORD, XXXXXX & CO. LLC | ||
| By: /s/ Xxxxxxxx X. Xxxxxx | ||
| Xxxxxxxx X. Xxxxxx | ||
| Member and General Counsel | ||
