EXHIBIT h(6)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this 1st day of
July, 2003, between AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM
International Funds, Inc. and AIM Investment Securities Funds, (each a "Company"
and collectively, the "Companies"), on behalf of the funds listed on Exhibit "A"
to this Memorandum of Agreement (the "Funds"), and A I M Fund Services, Inc.
("AFS").
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 Companies and AFS as follows:
Each Company and AFS agree until the date set forth on the attached
Exhibit "A" that AFS 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 Directors/Trustees and AFS may terminate or modify this
Memorandum of Agreement prior to the date set forth on Exhibit "A" only by
mutual written consent. AFS will not have any right to reimbursement of any
amount so waived.
The Companies and AFS 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 date listed on that Exhibit to determine whether such waivers or
limitations should be amended, continued or terminated. Unless the Companies, by
vote of its Boards of Directors/Trustees, or AFS terminate the waivers or
limitations, or the Companies and AFS are unable to reach an agreement on the
amount of the waivers or limitations to which the Companies and AFS desire to be
bound, the waivers or limitations will continue for additional one-year terms at
the rate to which the Companies and AFS mutually agree. Exhibit "A" will be
amended to reflect that rate and the new date through which the Companies and
AFS agree to be bound.
IN WITNESS WHEREOF, each Company, on behalf of itself and its Funds
listed in Exhibit "A" to this Memorandum of Agreement, and AFS have entered into
this Memorandum of Agreement as of the date written above.
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL FUNDS, INC.
AIM INVESTMENT SECURITIES FUNDS
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------
Title: President
----------------------------
A I M FUND SERVICES, INC.
By: /s/ Xxxx X. Xxxxx
-------------------------------
Title: President
----------------------------
1
EXHIBIT "A"
AIM EQUITY FUNDS
FUND EXPENSE LIMITATION COMMITTED UNTIL
---- ------------------ ---------------
AIM Aggressive Growth Fund
Institutional Class 0.10% October 31, 2004
AIM Blue Chip Fund
Institutional Class 0.10% October 31, 2004
AIM Capital Development Fund
Institutional Class 0.10% October 31, 2004
AIM Charter Fund
Institutional Class 0.10% October 31, 2004
AIM Constellation Fund
Institutional Class 0.10% October 31, 2004
AIM Xxxxxxxxxx Fund
Institutional Class 0.10% October 31, 2004
AIM FUNDS GROUP
FUND EXPENSE LIMITATION COMMITTED UNTIL
---- ------------------ ---------------
AIM Balanced Fund
Institutional Class 0.10% December 31, 2004
AIM Premier Equity Fund
Institutional Class 0.10% December 31, 2004
AIM GROWTH SERIES
FUND EXPENSE LIMITATION COMMITTED UNTIL
---- ------------------ ---------------
AIM Basic Value Fund
Institutional Class 0.10% December 31, 2004
AIM Mid Cap Core Equity Fund
Institutional Class 0.10% December 31, 2004
AIM Small Cap Growth Fund
Institutional Class 0.10% December 31, 2004
AIM INTERNATIONAL FUNDS, INC.
FUND EXPENSE LIMITATION COMMITTED UNTIL
---- ------------------ ---------------
AIM International Growth Fund
Institutional Class 0.10% October 31, 2004
AIM INVESTMENT SECURITIES FUNDS
FUND EXPENSE LIMITATION COMMITTED UNTIL
---- ------------------ ---------------
AIM Limited Maturity Treasury Fund
Institutional Class 0.10% July 31, 2004
A-1
