AMENDMENT NO. 9 to the EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 9
to the
This Amendment is made as of March 1, 2011 to the Expense Limitation Agreement dated August 14, 2007 (“Agreement”), as amended between Munder Series Trust (“MST”) and Munder Capital Management (“MCM”).
WHEREAS, on February 15, 2011, the Board of Trustees of MST ratified and approved the creation of two new series of MST, the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund; and
WHEREAS, MCM desires to pay certain expenses of each of the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund and/or waive fees payable under the Service Agreements (as defined in the Agreement) effective upon the commencement of operations of each Fund through October 31, 2012 in order to reduce the ordinary annual fund operating expenses born by the shareholders of each class of shares of each of the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund.
NOW THEREFORE, in consideration of the promises contained herein, MST and MCM agree to amend the Agreement as follows:
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1.
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MCM hereby agrees to pay Fund expenses and/or waive Service Agreement fees effective upon the commencement of operations of each Fund through October 31, 2012 in amounts sufficient to maintain the Expense Limit (as defined in the Agreement) specified for each class of shares of each of the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund, as follows:
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Munder Integrity Mid-Cap Value Fund
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Munder Integrity Small/Mid-Cap Value Fund
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Class A
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1.50%
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Class A
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1.50%
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Class Y
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1.25%
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Class Y
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1.25%
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the date first set forth above.
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MUNDER CAPITAL MANAGEMENT
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By:/s/ Xxxxxxx X. Xxxxxxxxxxx
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By:/s/ Xxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxxxxxx
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Xxxxx X. Xxxxxxx
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Vice President, Secretary & CCO
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Managing Director, Chief Financial Officer
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