Addendum to Management
Agreement between Lord Xxxxxx
Investment Trust and Lord, Xxxxxx & Co.
DATED OCTOBER 20, 1993 (THE "AGREEMENT")
Lord, Xxxxxx & Co. and Lord Xxxxxx Investment Trust (the "Trust") on
behalf of Lord Xxxxxx Balanced Series ("Fund Series") do hereby agree that (a)
the annual management fee rate for the Fund Series with respect to paragraph 2
of the Agreement shall be three-quarters (.75) of one percent (1%) of the
average daily net assets of the Fund Series and (b) the expense ratio for the
determination of the repayment by the Fund Series of expenses voluntarily paid
or reimbursed by the Investment Manager pursuant to paragraph 5 of the Agreement
shall be 1.15% for the period commencing on the first day of the calendar
quarter after the net assets of the Fund Series first reach $50 million. There
shall be no change in such ratio on the recalculation date (as defined in the
Agreement).
For purposes of Section 15 (a) of the Act, this Addendum and the
Agreement shall together constitute the investment advisory contract of the
Series.
LORD, XXXXXX & CO.
BY: /s/ Xxxxxx X. Xxxxx
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Managing Partner
LORD XXXXXX INVESTMENT TRUST
(on behalf of Lord Xxxxxx Balanced Series)
BY: /s/ Xxxxxxx X. Xxxxxx
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Vice President
Dated: November 16, 1994
