EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this "Agreement") is made and
entered into this 1st day of July 2005 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx U.S. Government & Government Sponsored Enterprises
Money Market Fund, Inc. (the "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. 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 annualized rate of (a) seventy basis
points (0.70%) for Class A shares of the Fund, (b) one hundred
forty-five basis points (1.45%) for Class B shares of the Fund, (c)
seventy basis points (0.70%) for Class C shares of the Fund, and (d)
seventy basis points (0.70%) for Class Y shares of the Fund of the
average daily net assets in the Fund for the time period set forth
in paragraph 2 below.
2. Lord Xxxxxx'x commitment described in paragraph 1 will be effective
from July 1, 2005 through June 30, 2006.
IN WITNESS WHEREOF, Lord Xxxxxx and the 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 U.S. GOVERNMENT & GOVERNMENT
SPONSORED ENTERPRISES MONEY MARKET 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/ Xxxxxxxx X. Xxxxxx
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Xxxxxxxx X. Xxxxxx
Member and General Counsel
