[LOGO OF AIM INVESTMENTS MASTER RELATED AGREEMENT TO
COMPANY] AMENDED AND RESTATED
MASTER DISTRIBUTION PLAN
(REIMBURSEMENT)
(INVESTOR CLASS SHARES)
This Master Related Agreement (the "Agreement") is entered into in accordance
with Rule 12b-1 under the Investment Company Act of 1940, as amended (the "1940
Act") by each registered investment company, listed in Schedule A to this
Agreement (each individually referred to as a "Fund", or collectively, "Funds"),
severally, on behalf of each of the series of common stock or beneficial
interest, as the case may be, set forth in Schedule A to this Agreement (each, a
"Portfolio" ), with respect to the Investor Class Shares of each such Portfolio
listed on Schedule A. This Agreement, being made between A I M Distributors,
Inc. ("Distributors") and each Fund, on behalf of each applicable Portfolio,
defines the services to be provided by Distributors, or its designees, for which
it is to receive its allocated share of expenses incurred pursuant to the
Amended and Restated Master Distribution Plan (Investor Class Shares) (the
"Plan") adopted by each of the Funds. The Plan has been approved by a majority
of the directors/trustees ("Trustees") of each of the Funds, including a
majority of the Trustees who have no direct or indirect financial interest in
the operation of the Plan or this Agreement (the "Dis-Interested Trustees"), by
votes cast in person at a meeting called for the purpose of voting on the Plan.
1. a. Distributors may use payments received pursuant to Paragraph 2
of this Agreement to provide continuing personal shareholder services to
customers who may, from time to time, directly or beneficially own
shares of the Funds. Continuing personal shareholder services may
include but are not limited to, distributing sales literature to
customers, answering routine customer inquiries regarding the Funds,
assisting customers in changing dividend options, account designations
and addresses, and in enrolling in any of several special investment
plans offered in connection with the purchase of the Funds' shares,
assisting customers in the establishment and maintenance of customer
accounts and records and in the placement of purchase and redemption
transactions, assisting customers in investing dividends and capital
gains distributions automatically in shares, and providing such other
services as the Funds or the customer may reasonably request and
Distributors agrees to provide. Distributors will not be obligated to
provide services which are provided by a transfer agent for a Fund with
respect to a Portfolio.
b. Distributors may also use the payments received pursuant to Paragraph
2 of this Agreement for distribution-related services. As used in this
Agreement, "distribution-related services" shall mean any activity which
is primarily intended to result in the sale of the Shares, including,
but not limited to, organizing and conducting sales seminars,
implementing advertising programs, engaging finders and paying finders
fees, printing prospectuses and statements of additional information
(and supplements thereto) and annual and semi-annual reports for other
than existing shareholders, preparing and distributing advertising
material and sales literature, making supplemental payments to dealers
and other institutions as asset-based sales charges, and administering
the Plan.
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c. Distributors may provide the services described in paragraphs a.
and b. above either directly or through third parties (its "designees").
2. For the services provided by Distributors or its designees pursuant to
this Agreement, each Fund, on behalf of a Portfolio, shall expend, on a
monthly basis, and shall reimburse Distributors to such extent, for
Distributors' actual direct expenditures incurred over a rolling
twelve-month period (or the rolling twenty-four month period specified
below) in engaging in the activities and providing the services
specified in Sections 3 and 4 of the Plan, an amount computed at an
annual rate of 0.25% of the average daily net assets of such Portfolio
during the month as applied to the average net asset value of the shares
of such Portfolio purchased or acquired through exchange on or after the
Plan Calculation Date shown for such Portfolio on Schedule A.
Distributors shall not be entitled hereunder to reimbursement for
overhead expenses (overhead expenses defined as customary overhead not
including the costs of Distributors' personnel whose primary
responsibilities involve marketing of the Funds). Payments by a Fund on
behalf of a Portfolio hereunder, for any month, may be made only with
respect to: (a) expenditures incurred by Distributors during the rolling
twelve-month period in which that month falls, or (b) to the extent
permitted by applicable law, for any month during the first twenty-four
months following a Portfolio's commencement of operations, expenditures
incurred by Distributors during the rolling twenty-four month period in
which that month falls, and any expenditures incurred in excess of the
limitations described above are not reimbursable. No Fund on behalf of a
Portfolio shall be authorized to expend, for any month, a greater amount
out of its assets to reimburse Distributors for expenditures incurred
during the rolling twenty-four month period referred to above than it
would otherwise be authorized to expend out of its assets to reimburse
Distributors for expenditures incurred during the rolling twelve-month
period referred to above.
3. The total of the fees calculated for all of the Funds listed on Schedule
A for any period with respect to which calculations are made shall be
paid to Distributors within10 days after the close of each month.
4. Distributors shall furnish the Funds with such information as shall
reasonably be requested by the Trustees of the Funds with respect to the
fees paid to Distributors pursuant to this Agreement.
5. Distributors shall furnish the Trustees of the Funds, for their review
on a quarterly basis, a written report of the amounts expended under the
Plan and the purposes for which such expenditures were made.
6. Distributors may enter into other similar Master Related Agreements with
any other investment company without a Fund's consent.
7. This Agreement shall become effective immediately upon its approval by a
majority of the Trustees of each of the Funds, including a majority of
the Dis-Interested Trustees, by votes cast in person at a meeting called
for the purpose of voting on the Plan and this Agreement.
8. This Agreement shall continue in full force and effect as long as the
continuance of the Plan and this Agreement are approved at least
annually by a vote of the Trustees,
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including a majority of the Dis-Interested Trustees, cast in person at a
meeting called for the purpose of voting thereon.
9. This Agreement may be terminated with respect to any Fund at any time
without payment of any penalty by the vote of a majority of the Trustees
of such Fund who are Dis-interested Trustees or by a vote of a majority
of the Fund's outstanding shares, on sixty (60) days' written notice. It
will be terminated by any act which terminates the Fund's Plan, and in
any event, it shall terminate automatically in the event of its
assignment as that term is defined in the 1940 Act.
10. This Agreement may be amended by mutual written agreement of the
parties.
11. All communications should be sent to the address of each xxxxxx as shown
at the bottom of this Agreement.
12. This Agreement shall be construed in accordance with the laws of the
State of Texas.
A I M DISTRIBUTORS, INC.
By: /s/ Xxxx X. Xxxxxxx
--------------------------------
Name: Xxxx X. Xxxxxxx
Title: President
00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000-0000
Attn: President
Effective July 1, 2004. FUND (listed in Schedule A)
on behalf of the Investor Class Shares
of each Portfolio listed on Schedule A
By: /s/ Xxxxxx X. Xxxxxx
--------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
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SCHEDULE "A" TO
RELATED AGREEMENT
Fund Plan Calculation Date
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AIM EQUITY FUNDS
AIM Large Cap Growth Fund Investor Shares November 3, 2003
AIM Diversified Dividend Fund Investor Shares July 18, 2005
AIM FUNDS GROUP
AIM Basic Balanced Fund Investor Shares July 18, 2005
AIM INTERNATIONAL MUTUAL FUNDS
AIM European Growth Fund Investor Shares November 24, 2003
AIM INVESTMENT SECURITIES FUNDS
AIM High Yield Fund Investor Shares November 3, 2003 AIM Income Fund Investor
Shares November 3, 2003 AIM Intermediate Government Fund Investor Shares
November 24, 2003 AIM Municipal Bond Fund Investor Shares November 24, 2003 AIM
Real Estate Fund Investor Shares/1/ November 3, 2003
AIM SECTOR FUNDS
AIM Technology Fund Investor Shares November 24, 2003
AIM STOCK FUNDS
AIM Dynamics Fund Investor Shares June 1, 2000
AIM Small Company Growth Fund Investor Shares June 1, 2000
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1 AIM Real Estate Fund is closed to new investors.
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