Management Fee Waiver Agreement
Exhibit-99.28(d)(v)
Management Fee Waiver Agreement
This Management Fee Waiver Agreement (the “Agreement”) is made and entered into as of this 1st day of May, 2012 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Global Fund, Inc. (the “Company”) with respect to Lord Xxxxxx Global Allocation Fund (“Global Allocation 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 all or a portion of its management fee payable under the Management Agreement between Lord Xxxxxx and the Company with respect to the Global Allocation Fund so that the management fee would be equal to an annual rate of 0.05%. |
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2. |
This agreement will be effective from May 1, 2012 through April 30, 2013. This Agreement may be terminated only by the Board of Directors of the Company upon written notice to Lord Xxxxxx. |
IN WITNESS WHEREOF, Lord Xxxxxx 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.
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Lord Xxxxxx Global Fund, Inc. |
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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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