Management Fee Waiver Agreement
Ex-99.28(D)(IX)
Management Fee Waiver Agreement
This Management Fee Waiver Agreement (the “Agreement”) is made and entered into as of this 1st day of March 2012 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Securities Trust (“Securities Trust”) with respect to 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:
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1. |
Lord Xxxxxx agrees for the time period set forth in paragraph 2 below to waive a portion of its management fee payable under the Management Agreement between Lord Xxxxxx and Securities Trust with respect to the Fund so that such management fee would be equal to an annual rate of 0.05%. |
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2. |
This Agreement will be effective from March 1, 2012 through February 28, 2013. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to Lord Xxxxxx. |
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.
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Lord Xxxxxx Securities Trust |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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Vice President and Assistant Secretary |
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Lord, Xxxxxx & Co. llc |
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By: |
/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
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Member and General Counsel |
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