Addendum to Management Agreement
between Lord Xxxxxx Investment Trust
and Lord, Xxxxxx & Co. LLC
DATED: OCTOBER 20, 1993 (THE "AGREEMENT")
Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Investment Trust (the "Trust")
on behalf of Lord Xxxxxx Income Strategy Fund and Lord Xxxxxx World Growth &
Income Strategy Fund (the "Funds") do hereby agree that (a) the annual
management fee rate for the Funds with respect to paragraph 2 of the Agreement
shall be as follows: 0.10 of 1% of average daily net assets of each Fund,
provided that such management fee charged is based on services provided that are
in addition to, rather than duplicative of, services provided pursuant to the
advisory contract for any "acquired company." Since Lord Xxxxxx Income Strategy
Fund and Lord Xxxxxx World Growth & Income Strategy Fund (each as an "acquiring
company") is permitted to invest in shares of another investment company (an
"acquired company") that is in the same "group of investment companies" as the
Lord Xxxxxx Income Strategy Fund and Lord Xxxxxx World Growth & Income Strategy
Fund, the terms quoted in this sentence shall have the same meaning (which shall
be incorporated by reference into this addendum) as provided under Section
12(d)(1)(G) of the Investment Company Act of 1940, as amended (the "Act"). In
addition, the parties hereby agree that the repayment provisions pursuant to
paragraph 5 of the Agreement shall not be applicable to the Funds.
For purposes of Section 15 (a) of the Act, this Addendum and the
Agreement shall together constitute the investment advisory contract of the
Funds.
LORD, XXXXXX & CO. LLC
BY: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member
Lord Xxxxxx Investment Trust
(on behalf of Lord Xxxxxx Income Strategy Fund
and Lord Xxxxxx World Growth & Income Strategy Fund)
BY: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President & Assistant Secretary
Dated: As of June 29, 2005