Directed Services LLC
Exhibit 99.B(d)(20)(iii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
September 1, 2009
Xxxxx Selected Advisers, LP
0000 Xxxx Xxxxxx Xxxx, Xxxxx 000
Attention: Xxxxxx Xxxx, Chief Legal Officer
Dear Xx. Xxxx:
Pursuant to the Sub-Advisory Agreement dated October 31, 2005, as amended, between Directed Services LLC and Xxxxx Selected Advisers, LP (the “Agreement”), we hereby modify the sub-advisory fees payable to the Sub-Adviser for ING Xxxxx New York Venture Portfolio (the “Portfolio”).
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by modifying the annual sub-advisory fee for the Portfolio as reflected on the Amended Schedule A of the Agreement, effective September 1, 2009. The Amended Schedule A, with the annual sub-advisory fees indicated for the Portfolio, is attached hereto.
Please signify your acceptance to the modification of the annual sub-advisory fee for the Portfolio by signing below where indicated.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
ACCEPTED AND AGREED TO:
Xxxxx Selected Advisers, LP
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By: |
/s/ Xxxxxxx X. Xxxx |
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Name: |
Xxxxxxx X. Xxxx |
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Title: |
C.O.O , Duly Authorized |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Xxxxx Selected Advisers, L.P. (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 Xxxxx New York Venture Portfolio |
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0.40% on the first $150 million in assets; and |
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0.35% on assets thereafter |
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.
