Common use of Compensation of the Sub-Adviser Clause in Contracts

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 million. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Sub Adviser, INVESCO shall pay to the Sub-Sub Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Sub Adviser with respect to the Fund shall be computed at the annual rate of 0.250.07% of the Fund's daily net assets up to $200 10 million, and 0.20; 0.05% of the Fund's daily net assets in excess of $200 10 million but not more than $50 million; and 0.03% of the Fund's daily net assets in excess of $50 million. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Sub Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Sub Adviser, INVESCO shall pay to the Sub-Sub Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Sub Adviser with respect to the Fund shall be computed at the annual rate of 0.250.333% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.2833% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.25% of each Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Sub Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the following annual rate of rates: 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 million. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a an annual fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the each Fund, as determined by a valuation made in accordance with the Fund's Funds' procedures for calculating its their net asset value as described in the Fund's Funds' Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.325% of the first $500 million of each Fund's daily average net assets up to $200 millionassets, and 0.200.275% of the each Fund's daily average net assets in excess of $200 million500 million but not more than $1 billion, and 0.225% of each Fund's average net assets in excess of $1 billion. During any period when the determination of the a Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the respective Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the a Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a an annual fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's Funds' procedures for calculating its their net asset value as described in the Fund's Funds' Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.30% of the Fund's daily average net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.325% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.275% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub- Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.375% of the first $500 million of the Fund's average net assets, 0.325% of the Fund's average net assets in excess of $500 million but not more than $1 billion, and 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily average net assets in excess of $200 million1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets rates indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Sub Adviser, INVESCO shall pay to the Sub-Sub Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Sub Adviser with respect to the Fund shall be computed at the annual rate of 0.250.07% of the Fund's daily net assets up to $200 10 million, and 0.20; 0.05% of the Fund's daily net assets in excess of $200 10 million but not more than $50 million; and 0.03% of the Fund's daily net assets in excess of $$50 million. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Sub Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Sub Adviser, INVESCO shall pay to the Sub-Sub Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Sub Adviser with respect to the Fund shall be computed at the annual rate of 0.250.30% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Sub Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a an annual fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its their net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.30% of the first $500 million of the Fund's average net assets, 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily average net assets in excess of $200 million500 million but not more than $1 billion, and 0.2167% of the Fund's average net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.15% of the each Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO ISI shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.35% of the Series' daily net assets on the first $500 million of net assets and 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net on assets in excess of $200 500 million. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO ISI Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily average net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a an annual fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.30% of the first $350 million of the Fund's average net assets, 0.275%of the Fund's average net assets in excess of $350 million but not more than $700 million, and 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily average net assets in excess of $200 700 million. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Sub Adviser, INVESCO shall pay to the Sub-Sub Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub Adviser with respect to the INVESCO European Fund and the INVESCO Pacific Basin Fund shall be computed at the annual rate of 0.45% of each Fund's daily net assets up to $350 million; 0.40% of each Fund's daily net assets in excess of $350 million but not more than $700 million; and 0.35% of each Fund's daily net assets in excess of $700 million. The advisory fee to the Sub-Adviser with respect to the INVESCO International Growth Fund shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.1875% of the Fund's daily net assets in excess of $200 million500 millon but not more than $1 billion; and 0.1625% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Sub Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of each of the FundFunds, as determined by a valuation made in accordance with the Fund's Funds' procedures for calculating its net asset value as described in the Fund's Funds' Prospectus and/or Statement of Additional Information. The With respect to the INVESCO Tax-Free Long-Term Bond Fund, the advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 million. With respect to the INVESCO Tax-Free Intermediate Bond Fund, the advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the first $300 million of the average net assets; 0.20% on the next $200 million of average net assets; and 0.15% on the average net assets greater than $500 million. During any period when the determination of the any Fund's net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.325% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.275% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Sub- Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The With respect to the INVESCO Select Income Fund, the INVESCO High Yield Fund, and the INVESCO U.S. Government Money Fund, the advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the each Fund's daily net assets up to $200 million, million and 0.20% of the each Fund's daily net assets in excess of $200 million. With respect to the INVESCO Short-Term Bond Fund, the advisory fee to the Sub- Adviser shall be computed at the annual rate of 0.25% of the first $300 million of such Fund's average net assets; 0.20% of the next $200 million of such Fund's average net assets; and 0.15% of such Fund's average net assets in excess of $500 million. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundFunds, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.30% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets rates indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no 4 such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily average net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionassets. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub- adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO ISI shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the following annual rate of 0.25% of the Fund's daily net assets up to $200 million, and rates: 0.20% of the Fund's INVESCO Advisor Equity Portfolio and the INVESCO Advisor Flex Portfolio Series' daily net assets; 0.10% of the INVESCO Advisor Income Portfolio and INVESCO Advisor Cash Management Portfolio Series' daily net assets; and the following for the INVESCO Advisor International Value Portfolio Series: 0.35% on the first $50 million of assets, 0.30% on the next $50 million of assets and 0.25% on daily net assets in excess of $200 100 million. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO ISI Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a an annual fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its their net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.325% of the first $500 million of the Fund's average net assets, 0.275% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily average net assets in excess of $200 million500 million but not more than $1 billion, and 0.225% of the Fund's average net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's Funds' procedures for calculating its net asset value as described in the Fund's Funds' Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the first $200 million of each Fund's daily average net assets up to $200 million, and 0.20% of the Fund's daily average net assets in excess of $200 million. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the FundCompany, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, an annual fee computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the each Fund, as determined of 40% of the investment advisory fee retained by INVESCO after each Fund's expenses have been paid by INVESCO under the terms of the investment Advisory Agremeent of Fund prospectus (or equivalent documents). For the purpose of determining the fee payable to the Sub-Adviser, it shall be made by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described the investment advisory fee payable to INVESCO in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to manner specified in the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 million. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the relevant INVESCO Investment Advisory Agreement or Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determinedprospectuses (or equivalent documents). However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundSeries, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO ISI shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundSeries, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of rates set forth in the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets in excess of $200 millionappendix hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO ISI Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets rates indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which 4 may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund's Series, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Fund's Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Fund's Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.1875% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.1625% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, the facilities furnished, furnished and expenses assumed by the Sub-Adviser, INVESCO AIM shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundSeries, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.25% of the Fund's daily net assets up to $200 million, and 0.20% of the Fund's daily net assets indicated in excess of $200 millionSchedule A hereto. During any period when the determination of the Fund's Series' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Series as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset 4 value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Series which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO AIM Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the Fund, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.325% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.275% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Sub- Adviser with respect to any assets of the Fund which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-sub- adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.

Compensation of the Sub-Adviser. For the services rendered, facilities furnished, and expenses assumed by the Sub-Adviser, INVESCO shall pay to the Sub-Adviser a fee, computed daily and paid as of the last day of each month, using for each daily calculation the most recently determined net asset value of the FundFunds, as determined by a valuation made in accordance with the Fund's procedures for calculating its net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. The advisory fee to the Sub-Adviser shall be computed at the annual rate of 0.250.375% of the Fund's daily net assets up to $200 500 million, and 0.20; 0.325% of the Fund's daily net assets in excess of $200 million500 million but not more than $1 billion; and 0.275% of the Fund's daily net assets in excess of $1 billion. During any period when the determination of the Fund's Funds' net asset value is suspended by the Directors of the Fund, the net asset value of a share of the Fund Funds as of the last business day prior to such suspension shall, for the purpose of this Article III, be deemed to be the net asset value at the close of each succeeding business day until it is again determined. However, no such fee shall be paid to the Sub-Adviser with respect to any assets of the Fund Funds which may be invested in any other investment company for which the Sub-Adviser serves as investment adviser or sub-adviser. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month. The Sub-Adviser shall be entitled to receive fees hereunder only for such periods as the INVESCO Investment Advisory Agreement remains in effect.