MUTUAL FUND CUSTODY AND SERVICES AGREEMENTMutual Fund Custody and Services Agreement • August 28th, 2009 • Voyageur Mutual 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.
SCHEDULE B SHAREHOLDER SERVICES AGREEMENT COMPENSATION SCHEDULE EFFECTIVE June 1, 2009 DELAWARE INVESTMENTS FAMILY OF FUNDSShareholder Services Agreement • August 28th, 2009 • Voyageur Mutual Funds Iii
Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103Expense Limitation Agreement • August 28th, 2009 • Voyageur Mutual Funds Iii
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 Select Growth Fund (the “Fund”), which is a series of Voyageur Mutual Funds III, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for the Fund’s Class R Shares, so that such Class R Shares’ Rule 12b-1 (distribution) fees will not exceed 0.50% for the period September 1, 2009 through August 31, 2010.
