0001137439-06-000404 Sample Contracts

Delaware Management Company 2005 Market Street Philadelphia, PA 19103
Expense Limitation Agreement • November 28th, 2006 • Delaware Group Income Funds

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Delaware Management Business Trust (the "Manager"), agrees that in order to improve the performance of Delaware High Yield Opportunities Fund, Delaware Corporate Bond Fund, Delaware Extended Duration Bond Fund and Delaware Delchester Fund (collectively, the "Funds"), which are series of Delaware Group Income Funds, the Manager shall waive all or a portion of its investment advisory fees and/or reimburse expenses (excluding any 12b-1 plan expenses, taxes, interest, brokerage fees, short-sale dividend and interest expenses, certain insurance costs and non-routine expenses or costs, including but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings and liquidations [collectively, "non-routine expenses"]) in an aggregate amount equal to the amount by which the Funds' respective total operating expenses (excludi

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Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Expense Limitations Agreement • November 28th, 2006 • Delaware Group Income Funds

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 Delaware High Yield Opportunities Fund, Delaware Corporate Bond Fund, Delaware Extended Duration Bond Fund and Delaware Delchester Fund (collectively, the "Funds"), which are series of Delaware Group Income Funds, 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 Funds' Rule 12b-1 (distribution) fees will not exceed the amounts indicated below for the period December 1, 2006 through November 30, 2007:

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