MEMORANDUM OF AGREEMENT
(12B-1 FEE WAIVERS)
This Memorandum of Agreement is entered into as of the effective date
listed on Exhibit "A" of this agreement, between Short-Term Investments Trust
and Tax-Free Investments Trust (each a "Trust" and, collectively, the "Trusts"),
on behalf of the portfolios listed on Exhibit "A" to this Memorandum of
Agreement (the "Portfolios"), and A I M Distributors, Inc. ("ADI"). ADI shall
and hereby agrees to waive fees of each Portfolio, on behalf of its respective
classes as applicable, severally and not jointly, as indicated in the attached
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 ADI agree as follows:
The Trusts and ADI agree until at least the date set forth on the attached
Exhibit "A" (the "Expiration Date") that ADI will waive Rule 12b-1 distribution
plan fees in an amount equal to the rates as set forth on Exhibit "A" multiplied
by the average daily net assets allocable to such class. Each Trust's Board of
Trustees and ADI may terminate or modify this Memorandum of Agreement prior to
the Expiration Date only by mutual written consent. ADI will not have any right
to reimbursement of any amount so waived.
The Trusts and ADI agree to review the then-current waivers for each class
of each Portfolio listed on Exhibit "A" on a date prior to the Expiration Date
to determine whether such waivers should be amended, continued or terminated.
The waivers will expire upon the Expiration Date unless the Trusts and ADI have
agreed to continue them. Exhibit "A" will be amended to reflect any such
agreement.
It is expressly agreed that the obligations of the Trusts hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets and
property of the Portfolios, as provided in each Trusts' Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of Agreement
have been authorized by the Trustees of each Trust, and this Memorandum of
Agreement has been executed and delivered by an authorized officer of each 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 Portfolios, as provided in each Trusts'
Agreement and Declaration of Trust.
IN WITNESS WHEREOF, the Trusts and ADI have entered into this Memorandum of
Agreement as of the date first above written.
SHORT-TERM INVESTMENTS TRUST
TAX-FREE INVESTMENTS TRUST
on behalf of the Portfolios listed in
Exhibit "A" to this Memorandum of
Agreement
By: /s/ Xxxxx Xxxx Xxxxxx
------------------------------------
Title: President
A I M DISTRIBUTORS, INC.
By: /s/ Xxxx X. Xxxxxx
------------------------------------
Title: President
As of December 7, 2007
EXHIBIT "A"
FUNDS WITH FISCAL YEAR END OF MARCH 31
TAX-FREE INVESTMENTS TRUST
FUND WAIVER EFFECTIVE DATE EXPIRATION DATE
------------------------------- ------ -------------- ---------------
Tax-Free Cash Reserve Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.25% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
Resource Class 0.04% June 30, 2005 June 30, 2008
FUNDS WITH FISCAL YEAR END OF AUGUST 31
SHORT-TERM INVESTMENTS TRUST
FUND WAIVER EFFECTIVE DATE EXPIRATION DATE
--------------------------------- ------ -------------- ---------------
Government & Agency Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.20% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
Resource Class 0.04% June 30, 2005 June 30, 2008
Government TaxAdvantage Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.25% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
Resource Class 0.04% June 30, 2005 June 30, 2008
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As of December 7, 2007
Liquid Assets Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.20% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
STIC Prime Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.20% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
Resource Class 0.04% June 30, 2005 June 30, 2008
Treasury Portfolio
Cash Management Class 0.02% June 30, 2005 June 30, 2008
Personal Investment Class 0.20% June 30, 2005 June 30, 2008
Private Investment Class 0.20% June 30, 2005 June 30, 2008
Reserve Class 0.13% June 30, 2005 June 30, 2008
Resource Class 0.04% June 30, 2005 June 30, 2008
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