February 28, 2011 ING Variable Portfolios, Inc. Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(vi)
February 28, 2011
ING Variable Portfolios, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx., Xxxxx 000
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated February 28, 2011, we have agreed to waive a portion of the investment management fee payable to us under the Amended Investment Management Agreement dated April 1, 2004 between ING Investments, LLC and ING Variable Portfolios, Inc., as amended (the “Agreement”), with respect to ING Australia Index Portfolio (the “Portfolio”), a series of ING Variable Portfolios, Inc., in the amount of 0.25% per annum as if the investment management fee specified in the Agreement were 0.35%. By this letter, we agree to waive that fee for the period from February 28, 2011 through and including May 1, 2014.
ING Investments, LLC acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
| Very sincerely, |
| /s/ Xxxx Xxxxx |
| Xxxx Xxxxx |
| Senior Vice President |
| ING Investments, LLC |
| Agreed and Accepted: ING Variable Portfolios, Inc. (on behalf of the Portfolios) |
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President |
| 0000 X. Xxxxxxxxxx Xxxxx Xx., Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 |
ING Investments, LLC |
