EX-99.(D)(IV) 2 a2166999zex-99_div.txt EX-99.(D)(IV) Exhibit 99.(d)(iv) Addendum to Management Agreement between Lord Abbett Tax-Free Income Trust and Lord, Abbett & Co. LLC DATED: OCTOBER 1, 2004 (THE "AGREEMENT") Lord, Abbett & Co. LLC ("Lord Abbett") and Lord Abbett Tax-Free Income Trust (the "Trust"), on behalf of each of its Florida Series, Georgia Series, Michigan Series and Pennsylvania Series (each, a "Fund"), do hereby agree that (a) the annual management fee rate for each Fund with respect to paragraph 2 of the Agreement shall be reduced as follows: 0.45 of 1% of the first $1 billion of the Fund's average daily net assets; 0.40 of 1% of the next $1 billion of such assets; and 0.35 of 1% of such assets in excess of $2 billion. In addition, Lord Abbett and the Trust, on behalf of its Lord Abbett Insured Intermediate Tax-Free Fund (the "Fund"), do hereby agree that (a) the annual management fee rate for the Fund with respect to paragraph 2 of the Agreement shall be reduced as follows: 0.40 of 1% of the first $2 billion of the Fund's average daily net assets; 0.375 of 1% of the next $3 billion of such assets; and 0.35 of 1% of such assets in excess of $5 billion. For purposes of Section 15 (a) of the Act, this Addendum and the Agreement shall together constitute the investment advisory contract of the Trust. LORD, ABBETT & CO. LLC BY: /s/ Paul A. Hilstad ------------------- Paul A. Hilstad Member and General Counsel LORD ABBETT TAX-FREE INCOME TRUST BY: /s/ Christina T. Simmons ------------------------ Christina T. Simmons Vice President and Assistant Secretary