EX-99.H6 13 h12420bexv99wh6.txt EXPENSE REIMBURSEMENT AGREEMENT EXPENSE REIMBURSEMENT AGREEMENT RELATED TO DST TRANSFER AGENT SYSTEM CONVERSION This Expense Reimbursement Agreement (this "Agreement") is made as of the 30th day of June 2003, by and between A I M Fund Services, Inc. ("AFS"), and each of the mutual funds on behalf of each of their respective portfolios listed on Exhibit A, attached hereto (each, a "Fund"). WHEREAS, AFS currently serves and has, at all relevant times, served as the transfer agent for each of the Funds, pursuant to a Transfer Agency and Service Agreement with each Fund (collectively, the "Transfer Agency Agreements"); and WHEREAS, pursuant to the Transfer Agency Agreements, AFS has agreed to maintain and does maintain all shareholder account records and information for the Funds, and the Funds have agreed to reimburse AFS for certain costs incurred by AFS in the course of performing such services, including, but not limited to, the cost of obtaining licenses to use and the cost of usage of certain record keeping systems and related support systems owned by DST Systems, Inc., and its affiliates (collectively, "DST"); and WHEREAS, the Funds were made aware of (i) the costs associated with the movement of shareholder account information and related books and records from systems previously used by AFS to perform such services to the DST-owned systems (the "DST system conversion"), and (ii) the cost savings and other benefits that were expected to be realized over the long term by using the DST-owned systems; and WHEREAS, the Funds determined that it was in the best interests of their shareholders to facilitate the DST system conversion and the use the DST-owned systems by AFS to provide the services contemplated by the Transfer Agency Agreements; and WHEREAS, the Boards of Directors/Trustees of the Funds have agreed that each of the Funds would reimburse a pro rata share of the costs of the DST system conversion; and WHEREAS, AFS provided the Funds with periodic reports regarding the project plan and budget related to the DST system conversion, updating cost projections as the project progressed; and WHEREAS, the DST system conversion is now complete and the final costs related to the project have been compiled; THEREFORE, the premises considered, AFS and each of the Funds agree on behalf of the portfolios set forth on Exhibit A, severally and not jointly, as follows: 1. Each Fund agrees to reimburse AFS for a pro rata share of the expenses incurred by AFS in connection with the DST system conversion in an aggregate amount, when allocated to all portfolios of the Funds, not to exceed FOUR MILLION SIX HUNDRED FORTY-NINE THOUSAND THREE HUNDRED THIRTY FOUR AND 57/100 DOLLARS ($4,649,334.57), payable in equal installments over thirty-six (36) months. Each month, each portfolio of each Fund shall pay its pro rata portion of the reimbursement, based on each portfolios' number of open billable shareholder accounts for the preceding month. AFS shall submit an invoice to each Fund on the first business day of each month for the amount due by each portfolio. Unless this Agreement is terminated prior to the payment of an invoice, each invoice shall be due and payable by each portfolio of each Fund within thirty (30) days of receipt. Page 1 of 1 2. The Funds may terminate this Agreement with respect to any portfolio, without penalty, for cause or for convenience, upon notice to AFS. IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written. A I M FUND SERVICES, INC. ON BEHALF OF EACH OF THE FUNDS: By: /s/ TONY D. GREEN /s/ KEVIN M. CAROME ------------------------------ ----------------------------------- Name: Tony D. Green Name: Kevin M. Carome ----------------------------- ----------------------------- Title: President Title: Senior Vice President ---------------------------- ---------------------------- Page 2 of 2 EXHIBIT A SCHEDULE OF FUNDS The following Funds enter into the Agreement on behalf of each of their respective portfolios:
FUND NAME PORTFOLIO NAME --------- -------------- AIM Advisor Funds AIM International Core Equity Fund AIM Real Estate Fund AIM Equity Funds AIM Aggressive Growth Fund AIM Basic Value II Fund AIM Blue Chip Fund AIM Capital Development Fund AIM Charter Fund AIM Constellation Fund AIM Core Strategies Fund AIM Dent Demographic Trends Fund AIM Emerging Growth Fund AIM Large Cap Basic Value Fund AIM Large Cap Core Equity Fund AIM Large Cap Growth Fund AIM Mid Cap Growth Fund AIM U.S. Growth Fund AIM Weingarten Fund AIM Floating Rate Fund AIM Floating Rate Fund AIM Funds Group AIM Balanced Fund AIM Basic Balanced Fund AIM European Small Company Fund AIM Global Utilities Fund AIM International Emerging Growth Fund AIM Mid Cap Basic Value Fund AIM New Technology Fund AIM Premier Equity Fund AIM Premier Equity II Fund AIM Select Equity Fund AIM Small Cap Equity Fund AIM Worldwide Spectrum Fund AIM Growth Series AIM Basic Value Fund AIM Mid Cap Core Equity Fund AIM Small Cap Growth Fund AIM International Funds, Inc. AIM Asia Pacific Growth Fund AIM European Growth Fund AIM Global Aggressive Growth Fund AIM Global Growth Fund AIM Global Income Fund AIM International Growth Fund
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FUND NAME PORTFOLIO NAME --------- -------------- AIM Investment Funds AIM Developing Markets Fund AIM Global Biotech Fund AIM Global Energy Fund AIM Global Financial Services Fund AIM Global Health Care Fund AIM Global Science and Technology Fund AIM Strategic Income Fund AIM Investment Securities Funds AIM High Yield Fund AIM High Yield Fund II AIM Income Fund AIM Intermediate Government Fund AIM Limited Maturity Treasury Fund AIM Money Market Fund AIM Municipal Bond Fund AIM Short Term Bond Fund AIM Total Return Bond Fund AIM Series Trust AIM Global Trends Fund AIM Special Opportunities Funds AIM Opportunities I Fund AIM Opportunities II Fund AIM Opportunities III Fund AIM Tax-Exempt Funds AIM High Income Municipal Fund AIM Tax-Exempt Cash Fund AIM Tax-Free Intermediate Fund
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