August 1, 2010 ING Funds Trust
Exhibit 99.B(d)(4)(i)
August 1, 2010
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
Re: Money Market Fund Expense Limitation Agreement for ING Classic Money Market Fund
Ladies and Gentlemen:
In accordance with the Money Market Fund Expense Limitation Agreement between ING Investments, LLC (the “Investment Manager”), ING Funds Distributor, LLC (the “Distributor”), and ING Funds Trust (the “Registrant”), dated January 27, 2009 (the “Money Market Fund Expense Limitation Agreement”), the Distributor and the Investment Manager have contractually agreed to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero. By our execution of this letter agreement, intending to be legally bound hereby, the Distributor and the Investment Manager agree, from August 1, 2010 through and including August 1, 2011, to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Registrant in maintaining a yield of not less than zero. Upon your acceptance, the Money Market Fund Expense Limitation Agreement will be modified to give effect to the foregoing by amending Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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ING Funds Distributor, LLC |
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Xxxxxxxxxx, XX 00000-0000 |
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Fax: 000-000-0000 |
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ING Investments, LLC |
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xxx.xxxxxxxx.xxx |
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Please indicate your agreement to this term extension by executing below in the place indicated. This letter agreement shall terminate upon termination of the Money Market Fund Expense Limitation Agreement.
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ING Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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ING Funds Distributor, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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Agreed and Accepted: |
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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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AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
OPERATING EXPENSE LIMITS
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Name of Fund |
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Expiration of Term of Money Market Fund Expense |
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ING Classic Money Market Fund |
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Term Expires August 1, 2011 |
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HE |
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HE |
Date Last Amended: August 1, 2010
