0001137439-07-000040 Sample Contracts

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Delaware Management Company 2005 Market Street Philadelphia, PA 19103
Delaware Pooled Trust Inc • January 10th, 2007

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Delaware Management Business Trust (the "Manager"), agrees that in order to improve the performance of Delaware Global Real Estate Securities Portfolio (the "Portfolio"), which is a series of Delaware Pooled Trust, the Manager shall waive all or a portion of its investment advisory fees and/or reimburse expenses (excluding any 12b-1 plan expenses, taxes, interest, inverse floater program expenses, brokerage fees, short-sale dividend and interest expenses, certain insurance costs and non-routine expenses or costs, including but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings and liquidations [collectively, "non-routine expenses"]) in an aggregate amount equal to the amount by which the Portfolio's total operating expenses (excluding any 12b-1 plan expenses, taxes, interest, brokerage fees, short-sale di

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