FIFTH AMENDED AND RESTATED MEMORANDUM OF AGREEMENT (Securities Lending Administrative Fee Waiver)

FIFTH AMENDED AND RESTATED
MEMORANDUM OF AGREEMENT
(Securities Lending Administrative Fee Waiver)

     This Fifth Amended and Restated Memorandum of Agreement is entered into as of the dates indicated on Exhibit “A” between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Tax-Exempt Funds, AIM Treasurer’s Series Trust, AIM Variable Insurance Funds and Short-Term Investments Trust (each a “Fund” and collectively, the “Funds”), on behalf of the portfolios listed on Exhibit “A” to this Memorandum of Agreement (the “Portfolios”), and Invesco Advisers, Inc. (“Invesco”), successor by merger to Invesco Aim Advisors, Inc..

     For and in consideration of the mutual terms and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Funds and Invesco agree as follows:

	1.		Each Fund, for itself and its Portfolios, and Invesco agree that until the expiration date, if any, of the commitment set forth on the attached Exhibit “A” occurs, as such Exhibit “A” is amended from time to time, Invesco has agreed that it will not charge any administrative fee under each Portfolio’s advisory agreement in connection with securities lending activities without prior approval from the Portfolio’s Board (such agreement is referred to as the “Waiver”).
	2.		Neither a Fund nor Invesco may remove or amend the Waiver to a Fund’s detriment prior to requesting and receiving the approval of the Portfolio’s Board to remove or amend the Waiver. Invesco will not have any right to reimbursement of any amount so waived.

     Unless a Fund, by vote of its Board of Trustees terminates the Waiver, or a Fund and Invesco are unable to reach an agreement on the amount of the Waiver to which the Fund and Invesco desire to be bound, the Waiver will continue indefinitely with respect to such Fund. Exhibit “A” will be amended to reflect the new date through which a Fund and Invesco agree to be bound.

     It is expressly agreed that the obligations of the Trusts hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trusts personally, but shall only bind the assets and property of the Funds, as provided in each Trust’s Agreement and Declaration of Trust. The execution and delivery of this Memorandum of Agreement have been authorized by the Trustees of each Trust, and this Memorandum of Agreement has been executed and delivered by an authorized officer of each Trust acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Funds, as provided in each Trust’s Agreement and Declaration of Trust.

     Nothing in this Memorandum of Agreement is intended to affect any other memorandum of agreement executed by any Fund or Invesco with respect to any other fee waivers, expense reimbursements and/or expense limitations.

     IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios listed in Exhibit “A” to this Memorandum of Agreement, and Invesco have entered into this Memorandum of Agreement as of the dates indicated on Exhibit “A”.

EXHIBIT “A”

AIM COUNSELOR SERIES TRUST

PORTFOLIO		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Core Plus Bond Fund		June 2, 2009
AIM Floating Rate Fund		April 14, 2006
AIM Multi-Sector Fund		November 25, 2003
AIM Select Real Estate Income Fund		March 9, 2007
AIM Structured Core Fund		March 31, 2006
AIM Structured Growth Fund		March 31, 2006
AIM Structured Value Fund		March 31, 2006
Invesco Balanced Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Tax-Free Income Fund		February 12, 2010
Invesco Dividend Growth Securities Fund		February 12, 2010
Invesco Equally-Weighted S&P 500 Fund		February 12, 2010
Invesco Fundamental Value Fund		February 12, 2010
Invesco Large Cap Relative Value Fund		February 12, 2010
Invesco New York Tax-Free Income Fund		February 12, 2010
Invesco S&P 500 Index Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ American Franchise Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Core Equity Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Equity and Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Equity Premium Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Growth and Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Money Market Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ Tax Free Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Small Cap Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Tax-Free Money Fund		February 12, 2010

AIM EQUITY FUNDS

PORTFOLIO		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Capital Development Fund		June 21, 2000
AIM Charter Fund		June 21, 2000
AIM Constellation Fund		June 21, 2000
AIM Disciplined Equity Fund		July 14, 2009
AIM Diversified Dividend Fund		December 28, 2001
AIM Large Cap Basic Value Fund		June 21, 2000
AIM Large Cap Growth Fund		June 21, 2000
AIM Summit Fund		July 24, 2000

AIM FUNDS GROUP

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Basic Balanced Fund		September 28, 2001
AIM European Small Company Fund		August 30, 2000
AIM Global Core Equity Fund		December 27, 2000
AIM International Small Company Fund		August 30, 2000
AIM Mid Cap Basic Value Fund		December 27, 2001
AIM Select Equity Fund		June 1, 2000
AIM Small Cap Equity Fund		August 30, 2000

AIM GROWTH SERIES

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Basic Value Fund		June 5, 2000
AIM Global Equity Fund		September 1, 2001
AIM Mid Cap Core Equity Fund		September 1, 2001
AIM Small Cap Growth Fund		September 11, 2000
Invesco Convertible Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Conservative Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Moderate Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Harbor Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Leaders Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Real Estate Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ U.S. Mortgage Fund		February 12, 2010

AIM INTERNATIONAL MUTUAL FUNDS

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Asia Pacific Growth Fund		June 21, 2000
AIM European Growth Fund		June 21, 2000
AIM Global Growth Fund		June 21, 2000
AIM Global Small & Mid Cap Growth Fund		June 21, 2000
AIM International Growth Fund		June 21, 2000
AIM International Core Equity Fund		November 25, 2003

AIM INVESTMENT FUNDS

				COMMITTED UNTIL*
FUND		EFFECTIVE DATE		UNTIL*
AIM Balanced-Risk Allocation Fund		May 29, 2009
AIM China Fund		March 31, 2006
AIM Developing Markets Fund		September 1, 2001
AIM Global Health Care Fund		September 1, 2001
AIM International Total Return ▇▇▇▇		▇▇▇▇▇ ▇▇, ▇▇▇▇
▇▇▇ ▇▇▇▇▇ Fund		March 31, 2006
AIM LIBOR Alpha Fund		March 31, 2006
AIM Trimark Endeavor Fund		November 4, 2003
AIM Trimark Fund		November 4, 2003
AIM Trimark Small Companies Fund		November 4, 2003
Invesco Alternative Opportunities Fund		February 12, 2010
Invesco Commodities Strategy Fund		February 12, 2010
Invesco FX Alpha Plus Strategy Fund		February 12, 2010
Invesco FX Alpha Strategy Fund		February 12, 2010
Invesco Global Advantage Fund		February 12, 2010
Invesco Global Dividend Growth Securities Fund		February 12, 2010
Invesco Health Sciences Fund		February 12, 2010
Invesco International Growth Equity Fund		February 12, 2010
Invesco Pacific Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Emerging Markets Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Bond Fund		February 12, 2010

				COMMITTED UNTIL*
FUND		EFFECTIVE DATE		UNTIL*
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Equity Allocation Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Franchise Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Tactical Asset Allocation Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ International Advantage Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ International Growth Fund		February 12, 2010

AIM INVESTMENT SECURITIES FUNDS

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM Core Bond Fund		December 28, 2001
AIM Dynamics Fund		November 25, 2003
AIM Global Real Estate Fund		April 29, 2005
AIM High Yield Fund		June 1, 2000
AIM Income Fund		June 1, 2000
AIM Limited Maturity Treasury Fund		June 1, 2000
AIM Money Market Fund		June 1, 2000
AIM Municipal Bond Fund		June 1, 2000
AIM Real Estate Fund		September 11, 2000
AIM Short Term Bond Fund		August 29, 2002
AIM U.S. Government Fund		June 1, 2000
Invesco High Yield Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Core Plus Fixed Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Corporate Bond Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Government Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Limited Duration Fund		February 12, 2010

AIM SECTOR FUNDS

				COMMITTED UNTIL*
FUND		EFFECTIVE DATE		UNTIL*
AIM Energy Fund		November 25, 2003
AIM Financial Services Fund		November 25, 2003
AIM Gold & Precious Metals Fund		November 25, 2003
AIM Leisure Fund		November 25, 2003
AIM Technology Fund		November 25, 2003
AIM Utilities Fund		November 25, 2003
Invesco Mid-Cap Value Fund		February 12, 2010
Invesco Small-Mid Special Value Fund		February 12, 2010
Invesco Special Value Fund		February 12, 2010
Invesco Technology Sector Fund		February 12, 2010
Invesco U.S. Mid Cap Value Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇.▇. Small Cap Value Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇.▇. Small/Mid Cap Value Fund		February 12, 2010
Invesco Value Fund		February 12, 2010
Invesco Value II Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ American Value Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Capital Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Enterprise Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Small Cap Value Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Technology Sector Fund		February 12, 2010

				COMMITTED UNTIL*
FUND		EFFECTIVE DATE		UNTIL*
Invesco ▇▇▇ ▇▇▇▇▇▇ Utility Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Value Opportunities Fund		February 12, 2010

AIM TAX-EXEMPT FUNDS

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM High Income Municipal Fund		June 1, 2000
AIM Tax-Exempt Cash Fund		June 1, 2000
AIM Tax-Free Intermediate Fund		June 1, 2000
Invesco Municipal Fund		February 12, 2010
Invesco Tax-Exempt Securities Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Insured Tax Free Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Municipal Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Insured Tax Free Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Intermediate Term Municipal Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Municipal Income Fund		February 12, ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ Tax Free Income Fund		February 12, 2010

AIM TREASURER’S SERIES TRUST

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
Premier Portfolio		November 25, 2003
Premier Tax-Exempt Portfolio		November 25, 2003
Premier U.S. Government Money Portfolio		November 25, 2003

AIM VARIABLE INSURANCE FUNDS

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
AIM V.I. Basic Balanced Fund		May 1, 2000
AIM V.I. Basic Value Fund		September 10, 2001
AIM V.I. Capital Appreciation Fund		May 1, 2000
AIM V.I. Capital Development Fund		May 1, 2000
AIM V.I. Core Equity Fund		May 1, 2000
AIM V.I. Diversified Income Fund		May 1, 2000
AIM V.I. Dynamics Fund		April 30, 2004
AIM V.I. Financial Services Fund		April 30, 2004
AIM V.I. Global Health Care Fund		April 30, 2004
AIM V.I. Global Real Estate Fund		April 30, 2004
AIM V.I. Government Securities Fund		May 1, 2000
AIM V.I. High Yield Fund		May 1, 2000
AIM V.I. International Growth Fund		May 1, 2000
AIM V.I. Large Cap Growth Fund		September 1, 2003
AIM ▇.▇. ▇▇▇▇▇▇▇ ▇▇▇▇		▇▇▇▇▇ ▇▇, ▇▇▇▇
AIM V.I. Mid Cap Core Equity Fund		September 10, 2001
AIM V.I. Money Market Fund		May 1, 2000
AIM V.I. PowerShares ETF Allocation Fund		October 22, 2008
AIM V.I. Small Cap Equity Fund		September 1, 2003
AIM V.I. Technology Fund		April 30, 2004
AIM V.I. Utilities Fund		April 30, 2004

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
Invesco V.I. Dividend Growth Fund		February 9, 2010
Invesco V.I. Global Dividend Growth Fund		February 9, 2010
Invesco V.I. High Yield Fund		February 12, 2010
Invesco V.I. Income Builder Fund		February 12, 2010
Invesco V.I. S&P 500 Index Fund		February 12, 2010
Invesco V.I. Select Dimensions Balanced Fund		February 12, 2010
Invesco V.I. Select Dimensions Dividend Growth Fund		February 12, 2010
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Capital Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. ▇▇▇▇▇▇▇▇ Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Equity and Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Tactical Asset Allocation Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Value Equity Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Government Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Growth and Income Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. High Yield Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. International Growth Equity Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Value Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ ▇▇▇▇		▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇

▇▇▇▇▇-▇▇▇▇ INVESTMENTS TRUST

FUND		EFFECTIVE DATE		COMMITTED UNTIL*
Government & Agency Portfolio		June 1, 2000
Government TaxAdvantage Portfolio		June 1, 2000
Liquid Assets Portfolio		June 1, 2000
STIC Prime Portfolio		June 1, 2000
Tax-Free Cash Reserve Portfolio		June 1, 2000
Treasury Portfolio		June 1, 2000