EX-99.H6 5 h20751bexv99wh6.txt MEMORANDUM OF AGREEMENT MEMORANDUM OF AGREEMENT This Memorandum of Agreement is entered into as of this 1st day of January, 2005, between AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds and AIM Investment Securities Funds, (each a "Trust" and collectively, the "Trusts"), on behalf of the funds listed on Exhibit "A" to this Memorandum of Agreement (the "Funds"), and AIM Investment Services, Inc. ("AIS"). This Memorandum of Agreement restates the Memorandum of Agreement dated as of July 1, 2003, as restated November 25, 2003, as restated August 1, 2004, and as restated November 1, 2004 between AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Funds, Inc. (now known as AIM International Mutual Funds), AIM Investment Securities Funds and A I M Fund Services, Inc. (now known as AIM Investment Services, Inc.). AIM shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its respective classes as applicable, severally and not jointly, as indicated in Exhibit A. For and in consideration of the mutual terms and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Trusts and AIS as follows: Each Trust and AIS agree until the date set forth on the attached Exhibit "A" (the "Expiration Date") that AIS will limit transfer agency expenses of each Fund's Institutional Class at the rates, on an annualized basis, set forth on Exhibit "A". The Boards of Trustees and AIS may terminate or modify this Memorandum of Agreement prior to the Expiration Date set forth on Exhibit "A" only by mutual written consent. AIS will not have any right to reimbursement of any amount so waived. The Trusts and AIS agree to review the then-current waivers or expense limitations for each class of each Fund listed on Exhibit "A" on a date prior to the Expiration Date listed on that Exhibit to determine whether such waivers or limitations should be amended, continued or terminated. The waivers or expense limitations will expire upon the Expiration Date unless the Trust and AIM have agreed to continue them. Exhibit "A" will be amended to reflect any such agreement. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust personally, but shall only bind the assets and property of the Funds, as provided in the Trust's Agreement and Declaration of Trust. The execution and delivery of this Memorandum of Agreement have been authorized by the Trustees of the Trust, and this Memorandum of Agreement has been executed and delivered by an authorized officer of the Trust acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Funds, as provided in the Trust's Agreement and Declaration of Trust. 1 IN WITNESS WHEREOF, each Trust, on behalf of itself and its Funds listed in Exhibit "A" to this Memorandum of Agreement, and AIS have entered into this Memorandum of Agreement as of the date written above. AIM EQUITY FUNDS AIM FUNDS GROUP AIM GROWTH SERIES AIM INTERNATIONAL MUTUAL FUNDS AIM INVESTMENT FUNDS AIM INVESTMENT SECURITIES FUNDS on behalf of the Funds listed in Exhibit "A" to this Memorandum of Agreement By: /s/ Robert H. Graham ------------------------------------------- Title: President ----------------------------------------- AIM INVESTMENT SERVICES, INC. By: /s/ William J. Galvin. Jr. ------------------------------------------- Title: President ----------------------------------------- 2 EXHIBIT "A" ----------- FUNDS WITH FISCAL YEAR END OF JULY 31 ------------------------------------- AIM INVESTMENT SECURITIES FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM Limited Maturity Treasury Fund Institutional Class 0.10% July 31, 2005
FUNDS WITH FISCAL YEAR END OF OCTOBER 31 ---------------------------------------- AIM EQUITY FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM Aggressive Growth Fund Institutional Class 0.10% October 31, 2005 AIM Blue Chip Fund Institutional Class 0.10% October 31, 2005 AIM Capital Development Fund Institutional Class 0.10% October 31, 2005 AIM Charter Fund Institutional Class 0.10% October 31, 2005 AIM Constellation Fund Institutional Class 0.10% October 31, 2005 AIM Large Cap Basic Value fund Institutional Class 0.10% October 31, 2005 AIM Large Cap Growth Fund Institutional Class 0.10% October 31, 2005 AIM Mid Cap Growth Fund Institutional Class 0.10% October 31, 2005 AIM Weingarten Fund Institutional Class 0.10% October 31, 2005
AIM INTERNATIONAL MUTUAL FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM International Growth Fund Institutional Class 0.10% October 31, 2005 INVESCO International Core Equity Fund Institutional Class 0.10% October 31, 2005
3 AIM INVESTMENT FUNDS --------------------
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM Trimark Endeavor Fund Institutional Class 0.10% October 31, 2005 AIM Trimark Fund Institutional Class 0.10% October 31, 2005 AIM Trimark Small Companies Fund Institutional Class 0.10% October 31, 2005
FUNDS WITH FISCAL YEAR END OF DECEMBER 31 ----------------------------------------- AIM FUNDS GROUP
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM Balanced Fund Institutional Class 0.10% December 31, 2005 AIM Basic Balanced Fund Institutional Class 0.10% December 31, 2005 AIM Mid Cap Basic Value Fund Institutional Class 0.10% December 31, 2005 AIM Premier Equity Fund Institutional Class 0.10% December 31, 2005
AIM GROWTH SERIES
FUND EXPENSE LIMITATION EXPIRATION DATE ---- ------------------ --------------- AIM Aggressive Allocation Fund Institutional Class 0.10% December 31, 2005 AIM Basic Value Fund Institutional Class 0.10% December 31, 2005 AIM Conservative Allocation Fund Institutional Class 0.10% December 31, 2005 AIM Global Equity Fund Institutional Class 0.10% December 31, 2005 AIM Mid Cap Core Equity Fund Institutional Class 0.10% December 31, 2005 AIM Moderate Allocation Fund Institutional Class 0.10% December 31, 2005 AIM Small Cap Growth Fund Institutional Class 0.10% December 31, 2005
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