Exhibit 99.(d)(iv)
[FORM OF]
Addendum to Management Agreement
between Lord Xxxxxx
Securities Trust and Lord, Xxxxxx & Co.
Dated: May 19, 1993 (The "Agreement")
Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Securities Trust (the "Trust") on
behalf of Lord Xxxxxx Value Opportunities Fund (the "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 as follows: 0.75 of 1% of
the first $1 billion of average daily net assets of Lord Xxxxxx Value
Opportunities Fund, 0.70 of 1% of the next $1 billion of such assets and 0.65
of 1% of such assets in excess of $2 billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Fund Series.
LORD, XXXXXX & CO. LLC
BY: /s/
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Member
Lord Xxxxxx Securities Trust
(on behalf of Lord Xxxxxx Value Opportunities Fund)
BY: /s/
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Vice President & Assistant Secretary
Dated: As of December 20, 2005
[FORM OF]
EXPENSE REIMBURSEMENT AGREEMENT
THIS EXPENSE REIMBURSEMENT AGREEMENT (this "Agreement") is made and entered
into this 20th day of December 2005 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Securities Trust (the "Securities Trust") with respect
to the Lord Xxxxxx Value Opportunities Fund (the "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. With respect to the Lord Xxxxxx Value Opportunities Fund, 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 4 below.
2. Lord Xxxxxx'x commitment described in paragraphs 1, 2 and 3 will be
effective from December 20, 2005 through October 31, 2006.
IN WITNESS WHEREOF, Lord Xxxxxx and the Securities Trust 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 SECURITIES TRUST
By:
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
LORD, XXXXXX & CO. LLC
By:
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Xxxxxxxx X. Xxxxxx
Member and General Counsel
