0001386893-07-000002 Sample Contracts

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: