0001193125-07-093752 Sample Contracts

WAIVER/REIMBURSEMENT AGREEMENT
Waiver/Reimbursement Agreement • April 27th, 2007 • Seligman Portfolios Inc/Ny

WAIVER/REIMBURSEMENT AGREEMENT, dated as of May 1, 2007, between SELIGMAN PORTFOLIOS, INC., a Maryland corporation (the “Fund”), on behalf of Seligman International Growth Portfolio (the “Portfolio”), and J. & W. SELIGMAN & CO. INCORPORATED, a Delaware corporation (the “Manager”). The Manager hereby agrees to waive its management fee and/or reimburse the Portfolio’s “other expenses” to the extent set forth in the Fund’s prospectuses included in the Fund’s Registration Statement filed on or about April 25, 2007 with the Securities and Exchange Commission.

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