EXPENSE REIMBURSEMENT AGREEMENT
THIS EXPENSE REIMBURSEMENT AGREEMENT (this "Agreement") is made and entered
into this 1st day of January 2005 between Lord, Xxxxxx & Co. LLC ("Lord Xxxxxx")
and Lord Xxxxxx Global Fund, Inc. (the "Global Fund") with respect to the Equity
Series and Income Series (each a "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. With respect to the Equity Series, Lord Xxxxxx agrees to bear directly
and/or reimburse the Fund for expenses if and to the extent that Total
Operating Expenses exceed or would otherwise exceed an annual rate of
(a) one hundred and sixty basis points (1.60%) for Class A shares of
the Fund, (b) two hundred and twenty-five basis points (2.25%) for
Class B shares of the Fund, (c) two hundred and twenty-five basis
points (2.25%) for Class C shares of the Fund, (d) one hundred and
seventy basis points (1.70%) for Class P shares of the Fund, and (e)
one hundred and twenty-five basis points (1.25%) for Class Y shares of
the Fund of the average daily net assets in the Fund for the time
period set forth in paragraph 3 below.
2. With respect to the Income Series, Lord Xxxxxx agrees to bear directly
and/or reimburse the Fund for expenses if and to the extent that Total
Operating Expenses exceed or would otherwise exceed an annual rate of
(a) one hundred and thirty basis points (1.30%) for Class A shares of
the Fund, (b) one hundred and ninety-five basis points (1.95%) for
Class B shares of the Fund, (c) one hundred and ninety-five basis
points (1.95%) for Class C shares of the Fund, (d) one hundred and
forty basis points (1.40%) for Class P shares of the Fund, and (e)
ninety-five basis points (0.95%) for Class Y shares of the Fund of the
average daily net assets in the Fund for the time period set forth in
paragraph 3 below.
3. Lord Xxxxxx'x commitment described in paragraphs 1 and 2 will be
effective from January 1, 2005 through December 31, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and the Global Fund have caused this
Agreement to be executed by a duly authorized member and officer, respectively,
on the day and year first above written.
LORD XXXXXX GLOBAL FUND, INC.
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
LORD, XXXXXX & CO. LLC
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member and General Counsel
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