Exhibit No. EX-99.h3
FORM OF
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
February 21, 2006
Delaware Group Equity Funds I
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 Balanced Fund
(the "Fund") of the Delaware Group Equity Funds I, the Distributor shall, from
March 1, 2006 through February 28, 2007, waive a portion of the Rule 12b-1
(distribution) fees for Class A Shares and Class R Shares so that such Rule
12b-1 (distribution) fees will be capped at 0.25% and 0.50%, respectively.
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 I
By: _________________________
Name:
Title:
Date:
