August 5, 2013
Exhibit 99.77(q)(e)(6)
August 5, 2013
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
ING Investments, LLC (“ING Investments”) and ING Investment Management Co. LLC, formerly, ING Investment Management Co. (“ING IM”) are parties to a Sub-Advisory Agreement dated March 1, 2002, as amended (the “Agreement”), and pursuant to an Acceptance Letter dated August 5, 2013, ING Investments has agreed to pay ING IM an annual sub-advisory fee of 0.27% as a percentage of average daily net assets of ING Euro STOXX 50® Index Portfolio, ING FTSE 100 Index Portfolio, and ING Japan TOPIX Index Portfolio, each a series of ING Variable Portfolios, Inc. (each a “Portfolio” and collectively, the “Portfolios”). By this letter dated August 5, 2013, ING IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
ING IM will waive 0.1125% of the sub-advisory fee payable by ING Investments from August 5, 2013 through May 1, 2014 for each Portfolio, as indicated in the net sub-advisory fee rate reflected in the schedule set out below.
| Annual Sub-Advisory Fee | ||
Series | Gross | Waiver | Net |
ING Euro STOXX 50® Index Portfolio | 0.27% | 0.1125% | 0.1575% |
ING FTSE 100 Index Portfolio | 0.27% | 0.1125% | 0.1575% |
ING Japan TOPIX Index Portfolio | 0.27% | 0.1125% | 0.1575% |
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Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of ING Variable Portfolios, Inc.
August 5, 2013
Page 2 of 2
Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.
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| Very sincerely, | |
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| By: | /s/ Xxxxxxxxxxx Xxxxx |
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| Title: | VP Finance |
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| ING Investment Management Co. LLC | |
ACCEPTED AND AGREED TO: |
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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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