FUND ACCOUNTING AND FINANCIAL ADMINISTRATION SERVICES AGREEMENTFund Accounting and Financial Administration Services Agreement • October 27th, 2008 • Delaware Group Equity Funds Iii • Pennsylvania
THIS AGREEMENT is made as of the 1st day of October, 2007 (the “Effective Date”) by and between MELLON BANK, N.A. (referred to herein as “Mellon”), a national banking association having its principal place of business at 500 Grant Street, Pittsburgh, PA 15258, and each investment company listed on Schedule A (referred to herein, individually, as a “Fund” and, collectively, as the “Funds”), having its principal place of business at 2005 Market Street, Philadelphia, PA 19103.
FUND ACCOUNTING AND FINANCIAL ADMINISTRATION OVERSIGHT AGREEMENTFund Accounting and Financial Administration Oversight Agreement • October 27th, 2008 • Delaware Group Equity Funds Iii • Pennsylvania
THIS AGREEMENT is made as of the 1st day of October, 2007, (the “Effective Date”) by and between each fund in the Delaware Investments Family of Funds listed on Schedule A (each, a “Fund” and collectively, the “Funds”), having their principal place of business at 2005 Market Street, Philadelphia, PA 19103, and Delaware Service Company, Inc. (“DSC”), a Delaware corporation having its principal place of business at 2005 Market Street, Philadelphia, PA 19103.
SCHEDULE B SHAREHOLDER SERVICES AGREEMENT COMPENSATION SCHEDULE EFFECTIVE JUNE 1, 2008 DELAWARE INVESTMENTS FAMILY OF FUNDSShareholder Services Agreement • October 27th, 2008 • Delaware Group Equity Funds Iii
Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103Delaware Group Equity Funds Iii • October 27th, 2008
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 Class R shares of Delaware Trend Fund, Class A and Class R shares of Delaware American Services Fund, and Class A and Class R shares of Delaware Small Cap Growth Fund (the “Funds”), which are series of Delaware Group Equity III, the Distributor shall: (a) waive a portion of the Rule 12b-1 (distribution) fees for the Delaware Trend Fund Class R shares, so that the Fund’s Rule 12b-1 (distribution) fees with respect to its Class R shares will not exceed 0.50%, for the period November 1, 2008 through October 31, 2009; (b) waive a portion of the Rule 12b-1 (distribution) fees for the Delaware American Services Fund Class A and Class R shares, so that the Fund’s Rule 12b-1 (distribution) fees with respect to its Class A and Class R shares will not exceed 0.25% and 0.50%, respectively, for the
MUTUAL FUND CUSTODY AND SERVICES AGREEMENTMutual Fund Custody and Services Agreement • October 27th, 2008 • Delaware Group Equity Funds Iii • Pennsylvania
THIS AGREEMENT, effective as of the 20th day of July, 2007, and is by and between each investment company listed on Appendix D (referred to herein individually as the “Fund” and collectively, as the “Funds”) and MELLON BANK, N.A. (referred to herein as the “Custodian”) a national banking association with its principal place of business at One Mellon Center, 500 Grant Street, Pittsburgh, Pennsylvania 15258. As a matter of administrative convenience, this Agreement is entered into by and between the Custodian and multiple Funds, each on behalf of their respective Series (as hereinafter defined). Nevertheless, this Agreement shall be construed to constitute a separate Agreement between each such Fund, on behalf of its Series, and the Custodian. As such, the term Fund is used in the singular herein.
Delaware Management Company 2005 Market Street Philadelphia, PA 19103Delaware Group Equity Funds Iii • October 27th, 2008
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 Trend Fund, Delaware American Services Fund, and Delaware Small Cap Growth Fund (the “Funds”), which are series of Delaware Group Equity Funds III, the Manager shall waive all or a portion of their investment advisory fees and/or reimburse expenses (excluding any 12b-1 plan expenses, taxes, interest, inverse floater program expenses, 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, “Excluded Expenses”)) in an aggregate amount equal to the amount by which the Funds’ total operating expenses (excluding any Excluded Expenses) exceed 1.
