MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of the date indicated
on Exhibit "A" between 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"). This
Memorandum of Agreement restates the Memorandum of Agreement dated November 25,
2003 between AIM Combination Stock & Bond Funds, AIM Counselor Series Trust, AIM
Sector Funds, AIM Stock Funds and AIM Treasurer's Series Trust. AIM shall and
hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its
respective classes as applicable, severally and not jointly, as indicated in the
attached Exhibits.
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 COUNSELOR SERIES TRUST
AIM SECTOR FUNDS
AIM STOCK FUNDS
AIM TREASURER'S SERIES TRUST
By:
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Title:
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A I M ADVISORS, INC.
By:
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Title:
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AS REVISED MARCH 31, 2006
EXHIBIT "A"
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 Structured Core Fund March 31, 2006
AIM Structured Growth Fund March 31, 2006
AIM Structured Value Fund March 31, 2006
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 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*
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AIM Dynamics 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*
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Premier Portfolio November 25, 2003
Premier Tax-Exempt Portfolio November 25, 2003
Premier U.S. Government Money Portfolio November 25, 2003
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* 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.
