Directed Services LLC May 1, 2013 ING Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(x)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2013
ING Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxx 000
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated April 28, 2006, as amended, between Directed Services LLC (“DSL”) and Columbia Management Advisers, LLC, (the “Sub-Advisory Agreement”) the sub-advisory fee for ING Columbia Small Cap Value II Portfolio (the “Portfolio”), formerly known as ING Columbia Small Cap Value Portfolio, was reduced on May 1, 2013.
By our execution of this letter agreement (the “Agreement”), we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2013 through May 1, 2014. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to DSL from the May 1, 2013 expense reduction)
This Agreement replaces the previous Agreement for the Portfolio, dated May 1, 2013.
Please indicate your agreement to this Reduction by executing below in the place 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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Agreed and Accepted: |
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ING Partners, Inc. |
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(on behalf of the Portfolio) |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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