0001386893-07-000002 Sample Contracts

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Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Delaware Group Equity Funds Iv • January 26th, 2007

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees that in order to improve the performance of Delaware Large Cap Growth Fund and Delaware Growth Opportunities Fund (collectively, the "Funds"), which are series of Delaware Group Equity Funds IV, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for Delaware Large Cap Growth Fund's Class A Shares and Class R Shares and for Growth Opportunities Fund's Class R Shares, so that such Funds' Rule 12b-1 (distribution) fees will not exceed the amounts indicated below for the period February 1, 2007 through January 31, 2008:

Delaware Management Company 2005 Market Street Philadelphia, PA 19103 January __, 2007 Delaware Group Equity Funds IV 2005 Market Street Philadelphia, PA 19103 Re: Expense Limitations Ladies and Gentlemen: By our execution of this letter agreement...
Delaware Group Equity Funds Iv • January 26th, 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 Large Cap Growth Fund and Delaware Growth Opportunities Fund (collectively, the "Funds"), which are series of Delaware Group Equity Funds IV, 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 Funds' respective total operating expenses (excluding any 12b-1 plan expenses, t

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