Expense Limitation Agreement
Exhibit 99.(d)(x)
This Expense Limitation Agreement (the “Agreement”) is made and entered into this 1st day of April, 2018 between Lord Xxxxxx Distributor LLC (“Lord Xxxxxx Distributor”), and Lord Xxxxxx Research Fund, Inc. (the “Company”) with respect to Lord Xxxxxx Calibrated Dividend Growth Fund (“Calibrated Dividend Growth Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
1. | With respect to Calibrated Dividend Growth Fund, Lord Xxxxxx Distributor agrees for the time period set forth in paragraph 2 below to waive the Fund’s 0.10% Rule 12b-1 fee for Class F. |
2. | This Agreement will be effective from April 1, 2018 through March 31, 2019. This Agreement may be terminated only by the Board of Directors of the Company upon written notice to Lord Xxxxxx. |
[Signatures follow on next page]
1 |
IN WITNESS WHEREOF, Lord Xxxxxx Distributor, and the Company 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 Distributor llc | ||
By: | Lord, Xxxxxx & Co. LLC | |
By: | /s/ Xxxxxxxx X. Xxxxxx | |
Xxxxxxxx X. Xxxxxx | ||
Member and General Counsel | ||
Lord Xxxxxx Research Fund, Inc. | ||
By: | /s/ Xxxxxx X. Xxxxxxxxx | |
Xxxxxx X. Xxxxxxxxx | ||
Vice President and Assistant Secretary |
2 |