[AIM LOGO] MASTER RELATED AGREEMENT TO
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 within 10 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:___________________________________
Name:_________________________________
Title:________________________________
00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000-0000
Attn: President
EFFECTIVE [DATE]. FUND (LISTED IN SCHEDULE A)
on behalf of the Investor Class Shares of
each Portfolio listed on Schedule A
By: ___________________________________
Name:__________________________________
Title:_________________________________
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SCHEDULE "A" TO
RELATED AGREEMENT
Fund Plan Calculation Date
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AIM COMBINATION STOCK & BOND FUNDS
AIM Core Stock Fund Investor Shares June 1, 2000
AIM Total Return Fund Investor Shares June 1, 2000
AIM EQUITY FUNDS
AIM Large Cap Growth Fund Investor Shares November 3, 2003
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 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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