Exhibit No. EX-99.h.3
Form of Distribution Expense Limitation Letter
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
January 1, 2006
Delaware Group Equity Funds V
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to
be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees
that in order to improve the performance of the Delaware Small Cap Core Fund
(the "Fund"), which is a series of Delaware Group Equity Funds V, the
Distributor shall, from January 1, 2006 through March 31, 2007, waive a portion
of the Rule 12b-1 (distribution) fees for the Fund's Class A Shares so that such
Rule 12b-1 (distribution) fees for the Fund will not exceed 0.25%.
The Distributor acknowledges that it shall not be entitled to collect on,
or make a claim for, waived fees at any time in the future.
Delaware Distributors, L.P.
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
Delaware Group Equity Funds V
By: _________________________
Name:
Title:
Date:
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
March 27, 2006
Delaware Group Equity Funds V
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to
be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees
that in order to improve the performance of the Delaware Dividend Income Fund,
the Delaware Small Cap Value Fund and the Delaware Small Cap Core Fund
(together, the "Funds"), which are series of Delaware Group Equity Funds V, the
Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for
Class A Shares and Class R Shares, as applicable, so that such Rule 12b-1
(distribution) fees for the Funds will not exceed the following rates for the
periods described below:
Fund Share Class/Cap Effective Dates
Delaware Dividend Income Fund Class A - 0.25% 4/1/06-3/31/07
Class R - 0.50% 4/1/06-3/31/07
Delaware Small Cap Value Fund Class A - 0.25% 3/27/06-3/31/07
Class R - 0.50% 4/1/06-3/31/07
Delaware Small Cap Core Fund Class R - 0.50% 4/1/06-3/31/07
The Distributor acknowledges that it shall not be entitled to collect on,
or make a claim for, waived fees at any time in the future.
Delaware Distributors, L.P.
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
Delaware Group Equity Funds V
By: _________________________
Name:
Title:
Date:
