May 1, 2013 ING Money Market Portfolio Suite 100 Scottsdale, Arizona 85258 Re: Money Market Fund Expense Limitation Agreement for ING Money Market Portfolio Ladies and Gentlemen:
(d)(3)(i)
May 1, 2013
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
Re: Money Market Fund Expense Limitation Agreement for ING Money Market Portfolio
Ladies and Gentlemen:
In accordance with the Money Market Fund Expense Limitation Agreement between ING Investments, LLC (the “Investment Manager”), ING Investments Distributor, LLC (the “Distributor”), formerly, ING Funds Distributor, LLC, and ING Money Market Portfolio (the “Registrant”), dated October 16, 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 May 1, 2013 through and including May 1, 2014, 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 the Amended Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Trustees of the Registrant.
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| 0000 X. Xxxxxxxxxx Xxxxx Xx. Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investments Distributor, LLC ING Investments, LLC |
May 1, 2013
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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.
| ING Investments, LLC | ||
| By: | /s/ Xxxx Xxxxx | |
| Xxxx Xxxxx Senior Vice President | ||
| ING Investments Distributor, LLC | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Xxxxxxx X. Xxxxxx Executive Vice President | ||
Agreed and Accepted:
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx Senior Vice President | ||
AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
OPERATING EXPENSE LIMITS
| Name of Fund | Expiration of Term of Money Market Fund Expense Limitation Agreement | |
| Term Expires May 1, 2014 |
/s/ HE
HE
Date Last Amended: May 1, 2013
