January 1, 2010 Acadian Asset Management LLC
Exhibit 99.B(d)(7)(ii)
January 1, 2010
Acadian Asset Management LLC
One Post Office Square, 20th Floor
Boston, MA 02109
Attention: Xxxxx Xxxxxx
Dear Xx. Xxxxxx:
Pursuant to Section 6 of the Sub-Advisory Agreement (the “Agreement”) dated March 1, 2005 between ING Investments, LLC and Acadian Asset Management LLC (“Acadian”), as amended, we hereby notify you of our intention to modify the sub-advisory fees payable to Acadian with respect to ING International SmallCap Multi-Manager Fund (the “Fund”), effective January 1, 2010, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule A of the Agreement. The Amended Schedule A, which indicates the annual sub-advisory fee for the Fund, is attached hereto.
Please signify your acceptance to the modified sub-advisory fees, with respect to the Fund, by signing below.
| Very sincerely, |
| /s/ Xxxx Xxxxx |
| Xxxx Xxxxx |
| Senior Vice President |
| ING Investments, LLC |
| ACCEPTED AND AGREED TO: | ||
| Acadian Asset Management LLC | ||
| By: | /s/ Xxxx Xxxxxxxxxxx | |
| Name: | Xxxx Xxxxxxxxxxx | |
| Title: | Chief Financial Officer, Duly Authorized | |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
SUB-ADVISORY AGREEMENT
between
ING INVESTMENTS, LLC
and
ACADIAN ASSET MANAGEMENT LLC
| Series |
Annual Sub-Adviser Fee | |
| (as a percentage of average daily net assets) | ||
| ING International SmallCap Multi-Manager Fund |
0.500% on the first $140 million 0.450% on next $860 million 0.425% in excess of $1 billion |
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