Exhibit 77Q1(e)2
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this "Agreement") is made and
entered into this 1st day of December 2005 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Research Fund, Inc. (the "Research Fund") with respect
to the Lord Xxxxxx Growth Opportunities Fund and the Lord Xxxxxx Large-Cap Core
Fund (each a "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 Growth 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 fifty-five basis points (1.55%) for Class A shares of
the Fund, (b) two hundred and twenty basis points (2.20%) for
Class B shares of the Fund, (c) two hundred and twenty basis
points (2.20%) for Class C shares of the Fund, (d) one hundred
and sixty-five basis points (1.65%) for Class P shares of the
Fund, and (e) one hundred and twenty basis points (1.20%) for
Class Y shares of the Fund of the average daily net assets in the
Fund for the time period set forth in paragraph 3 below.
2. With respect to the Lord Xxxxxx Large-Cap Core 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, (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 3 below.
3. Lord Xxxxxx'x commitment described in paragraphs 1 and 2 will be
effective from December 1, 2005 through November 30, 2006.
IN WITNESS WHEREOF, Lord Xxxxxx and the Lord Xxxxxx Research Fund, Inc.
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 RESEARCH 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
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