Exhibit No. EX-99.h.4
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
January __, 2007
Delaware Group Equity Funds IV
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to
be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees
that in order to improve the performance of Delaware Large Cap Growth Fund and
Delaware Growth Opportunities Fund (collectively, the "Funds"), which are series
of Delaware Group Equity Funds IV, the Distributor shall waive a portion of the
Rule 12b-1 (distribution) fees for Delaware Large Cap Growth Fund's Class A
Shares and Class R Shares and for Growth Opportunities Fund's Class R Shares, so
that such Funds' Rule 12b-1 (distribution) fees will not exceed the amounts
indicated below for the period February 1, 2007 through January 31, 2008:
Fund Expense Limitation
Delaware Large Cap Growth Fund
Class A 0.25%
Class R 0.50%
Delaware Growth Opportunities Fund - Class R 0.50%
The Distributor acknowledges that it shall not be entitled to collect on,
or make a claim for, waived fees at any time in the future.
Delaware Distributors, L.P.
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
Delaware Group Equity Funds IV
By: _________________________
Name:
Title:
Date:
