AMENDMENT NO. 7 to the EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 7
to the
This Amendment is made as of December 23, 2010 to the Expense Limitation Agreement dated August 14, 2007 (“Agreement”), as amended between Munder Series Trust (“MST”) and Munder Capital Management (“MCM”).
WHEREAS, MCM previously agreed to pay certain expenses of the Munder International Fund-Core Equity and/or waive fees payable under the Service Agreements (as defined in the Agreement) through October 31, 2011 in order to reduce the ordinary annual fund operating expenses born by the shareholders of each class of shares of the Fund; and
WHEREAS, MCM desires to further reduce the ordinary annual fund operating expenses born by the shareholders of each class of shares of the Fund.
NOW THEREFORE, in consideration of the promises contained herein, MST and MCM agree to amend the Agreement as follows:
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1.
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Schedule A of the Agreement is hereby replaced with the attached Schedule A effective December 23, 2010.
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the date first set forth above.
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
Xxxxxxx X. Xxxxxxxxxxx
Vice President, Secretary & CCO
MUNDER CAPITAL MANAGEMENT
By: /s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Managing Director, Chief Financial Officer
Dated: December 23, 2010
SCHEDULE A
To the Expense Limitation Agreement
Expense Limits
Expense payments and Service Agreement fee waivers made by MCM under this Agreement shall be made in an amount sufficient to maintain the specified Operating Expense Ratio for each class as follows:
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International Fund-Core Equity
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International Small-Cap Fund
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Class A
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1.47%
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Class A
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1.71%
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Class C
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2.22%
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Class C
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2.46%
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Class Y
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1.22%
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Class Y
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1.46%
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Class I
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0.96%
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Class I
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1.20%
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Bond Fund
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Tax-Free Short & Intermediate Bond Fund
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Class A
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0.65%
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Class A
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0.65%
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Class B
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1.40%
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Class B
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1.40%
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Class C
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1.40%
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Class C
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1.40%
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Class K
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0.65%
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Class K
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0.65%
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Class Y
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0.40%
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Class Y
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0.40%
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Asset Allocation Fund-Balanced
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Class A
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1.50%
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Class B
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2.25%
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Class C
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2.25%
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Class K
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1.50%
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Class Y
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1.25%
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B-2
