MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of the date indicated on
Exhibit "A" between AIM Combination Stock & Bond Funds, AIM Counselor Series
Trust, AIM Sector Funds, AIM Stock Funds and AIM Treasurer's Series Trust (each
a "Fund" and, collectively, the "Funds"), on behalf of the portfolios listed on
Exhibit "A" to this Memorandum of Agreement (the "Portfolios"), and A I M
Advisors, Inc. ("AIM").
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 Funds and AIM agree as follows:
1. Each Fund, for itself and its Portfolios, and AIM agree that until the
expiration date, if any, of the commitment set forth on the attached
Exhibit "A" occurs, as such Exhibit "A" is amended from time to time,
AIM will not charge any administrative fee under each Portfolio's
advisory agreement in connection with securities lending activities.
2. Neither a Fund nor AIM may remove or amend the fee waivers to a Fund's
detriment prior to requesting and receiving the approval of the Fund's
Board to remove or amend such fee waiver as described on the attached
Exhibit "A". AIM will not have any right to reimbursement of any
amount so waived.
Unless a Fund, by vote of its Board of Trustees, or AIM terminates the fee
waiver, or a Fund and AIM are unable to reach an agreement on the amount of the
fee waiver to which the Fund and AIM desire to be bound, the fee waiver will
continue indefinitely with respect to such Fund. Exhibit "A" will be amended to
reflect the new date through which a Fund and AIM agree to be bound.
Nothing in this Memorandum of Agreement is intended to affect any other
memorandum of agreement executed by any Fund or AIM with respect to any other
fee waivers, expense reimbursements and/or expense limitations.
IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios
listed in Exhibit "A" to this Memorandum of Agreement, and AIM have entered into
this Memorandum of Agreement as of the date written above.
AIM COMBINATION STOCK & BOND FUNDS
AIM COUNSELOR SERIES TRUST
AIM SECTOR FUNDS
AIM STOCK FUNDS
AIM TREASURER'S SERIES TRUST
By: /s/ Xxxxxx X. Xxxxxx
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Title: President
A I M ADVISORS, INC.
By: /s/ Xxxx X. Xxxxxxxxxx
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Title: President
AS REVISED OCTOBER 15, 2004
EXHIBIT "A"
AIM COMBINATION STOCK & BOND
FUNDS
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- -------------- ---------------
AIM Core Stock Fund November 25 2003
AIM Total Return Fund November 25, 2003
AIM COUNSELOR SERIES TRUST
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- -------------- ---------------
AIM Advantage Health Sciences Fund November 25, 2003
AIM Multi-Sector Fund November 25, 2003
AIM SECTOR FUNDS
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- -------------- ---------------
AIM Energy Fund November 25, 2003
AIM Financial Services Fund November 25, 2003
AIM Gold & Precious Metals Fund November 25, 2003
AIM Health Sciences Fund November 25, 2003
AIM Leisure Fund November 25, 2003
AIM Technology Fund November 25, 2003
AIM Utilities Fund November 25, 2003
AIM STOCK FUNDS
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- -------------- ---------------
AIM Dynamics Fund November 25, 2003
AIM Mid Cap Stock Fund November 25, 2003
AIM S&P 500 Index Fund November 25, 2003
AIM Small Company Growth Fund November 25, 2003
AIM TREASURER'S SERIES TRUST
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- -------------- ---------------
Premier Portfolio November 25, 2003
Premier Tax-Exempt Portfolio November 25, 2003
Premier U.S. Government Money Portfolio November 25, 2003
* Committed until the Fund or AIM requests and receives the approval of the
Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio.
