0001193125-05-037408 Sample Contracts

FORM OF CO-ADMINISTRATION AGREEMENT
Co-Administration Agreement • February 25th, 2005 • Commerce Funds • New York
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WAIVER AND REIMBURSEMENT AGREEMENT
Waiver and Reimbursement Agreement • February 25th, 2005 • Commerce Funds • Delaware

Waiver and Reimbursement Agreement (“Agreement”) dated as of the day of March, 2005 by and between The Commerce Funds (“Commerce”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and Commerce Investment Advisors, Inc. (“CIA”). CIA serves as one of the co-administrators to each portfolio of Commerce pursuant to the Co-Administration Agreement dated as of March , 2005.

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