Directed Services LLC May 1, 2013 Mr. Greg Buzzell Columbia Management Investment Advisers, LLC Routing BX28/09516 Boston, MA 02110 Dear Mr. Buzzell:
(d)(12)(ii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2013
Xx. Xxxx Xxxxxxx
Columbia Management Investment Advisers, LLC
000 Xxxxxxxx Xxxxxx
Routing BX28/09516
Boston, MA 02110
Dear Xx. Xxxxxxx:
Pursuant to the Sub-Advisory Agreement dated May 1, 2010, between Directed Services LLC and Columbia Management Investment Advisers, LLC (the “Agreement”), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Columbia Contrarian Core Portfolio, formerly ING Xxxxx New York Venture Portfolio (“Columbia Contrarian Core Portfolio”), and to modify the sub-advisory fees payable to Columbia Management Investment Advisers, LLC for ING Columbia Small Cap Value II Portfolio (“Columbia Small Cap Value II Portfolio”), each a series of ING Partners, Inc., effective on May 1, 2013, 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 adding Columbia Contrarian Core Portfolio to the Amended Schedule A of the Agreement and by modifying the sub-advisory fees for Columbia Small Cap Value II Portfolio. The Amended Schedule A, with the annual sub-advisory fees, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Columbia Contrarian Core Portfolio and your acceptance to the modification of the annual sub-advisory fee for Columbia Small Cap Value II Portfolio by signing below where indicated.
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Very sincerely, | ||
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By: |
/s/ Xxxx Xxxxx | ||
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Xxxx Xxxxx | ||
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Vice President | ||
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Directed Services LLC | ||
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ACCEPTED AND AGREED TO: |
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Columbia Management Investment Advisers, LLC |
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By: |
/s/ Xxxxxxxxxxx Xxxxxxxx |
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Name: |
Xxxxxxxxxxx Xxxxxxxx |
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Title: |
Head of Intermediary Dist., Prod., and Marketing, Duly Authorized |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Columbia Management Investment Advisers, LLC (the “Sub-Adviser”) to the following Series of ING Partners, Inc., pursuant to the attached Sub-Advisory Agreement, the Adviser will pay the Sub-Adviser a fee, computed daily and payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of the Series:
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SERIES |
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RATE |
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ING Columbia Contrarian Core Portfolio(1), formerly ING Xxxxx New York Venture Portfolio |
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0.320% on first $100 million; |
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ING Columbia Small Cap Value II Portfolio |
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0.550% on the first $200 million of assets; and |
If this Agreement becomes effective or terminates before the end of any month, the fee for the period from the effective date to the end of the month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion that such period bears to the full month in which such effectiveness or termination occurs.
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(1) |
For purposes of calculating the fees of ING Columbia Contrarian Core Portfolio under this Agreement, the assets of the Portfolio shall be aggregated with the assets of ING Multi-Manager Large Cap Core Portfolio, a series of ING Investors Trust which is not a party to this Agreement. |
