Amendment to Sub-Advisory Agreement
This is an Amendment to the Sub-Advisory Agreement made and entered into
between INVESCO Trust Company, a Colorado corporation (the "Trust Company"), and
INVESCO Funds Group, Inc., a Delaware corporation ("IFG"), as of the 30th day of
April, 1993 (the "Sub- Agreement").
WHEREAS, IFG has entered into an Investment Advisory Agreement with the
INVESCO Tax-Free Income Funds, Inc. (the "Company"), pursuant to which IFG is
required to provide investment advisory services to specific Funds making up the
Company, and, upon receipt of written approval of the Company, is authorized to
retain companies which are affiliated with IFG to provide such services; and
WHEREAS, the Company and IFG desire to have the Trust Company perform
investment advisory services with respect to management of the assets of the
Company allocable to the INVESCO Tax-Free Intermediate Bond Fund of the Company,
and the Trust Company is willing and able to perform such services on the terms
and conditions set forth in the Sub-Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained in the Sub-Agreement, it is agreed that the terms and conditions of
the Sub-Agreement shall be applicable to the Company's assets allocable to the
INVESCO Tax-Free Intermediate Bond Fund, to the same extent as if the INVESCO
Tax- Free Intermediate Bond Fund were to be added to the definition of "Fund" as
utilized in the Sub-Agreement, except that the Trust Company shall receive as
compensation for services rendered by it under the Sub-Agreement to the INVESCO
Tax-Free Intermediate Bond Fund a fee based on the average daily net assets of
that fund, calculated daily at the applicable annual rate and paid monthly as
follows: 0.25% of the first $300 million of the average net assets; 0.20% on the
next $200 million of the average net assets; and 0.15% on the average net assets
greater than $500 million.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Agreement on this 20th day of October, 1993.
INVESCO TRUST COMPANY
By: /s/ ▇. ▇▇▇▇▇▇ Sim
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▇. ▇▇▇▇▇▇ Sim, President
ATTEST:
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇, Secretary
(CORPORATE SEAL)
INVESCO FUNDS GROUP, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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ATTEST: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Senior
Vice President
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇, Secretary
(CORPORATE SEAL)
