FORM OF FEE WAIVER AGREEMENT March 14, 2003 Mutual Fund Select Group c/o J. P. Morgan Fund Distributors, Inc. 522 Fifth Avenue New York, N.Y. 10036 Dear Sirs: JPMorgan Chase Bank ("JPMorgan Chase Bank"), hereby agrees to reimburse the JPMorgan Bond...Fee Waiver Agreement • November 15th, 2002 • Mutual Fund Select Group
JPMorgan Chase Bank ("JPMorgan Chase Bank"), hereby agrees to reimburse the JPMorgan Bond Fund II (the "Fund"), through March 31, 2004 with respect to Class A and Select Class Shares to the extent necessary to maintain the Class A and Select Class Shares' total operating expenses at the annual rate of 0.75% and 0.60%, respectively, of the average daily net assets. This reimbursement arrangement does not include interest, taxes, extraordinary expenses, expenses related to the Fund's deferred compensation plan.
