Contract
| (m)(3)(A)(ii) |
July 20, 2012
ING Investors Trust
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments Distributor, LLC (the “Distributor”) agrees to waive, from July 20, 2012 through May 1, 2014, a portion of its distribution fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratio of ING Bond Portfolio (formerly, ING American Funds Bond Portfolio, the “Portfolio”), a series of ING Investors Trust, subject to shareholder approval of the de-coupling of the Portfolio from a master-feeder fund structure into a traditional fund structure and the appointment of a sub-adviser, shall be as follows:
Series |
Maximum Operating Expense Ratio |
ING Bond Portfolio (formerly, ING American Funds Bond Portfolio) | 0.75% |
The Distributor acknowledges that: (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future; and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.
| Sincerely, | ||
| /s/ Xxxxxxx X. Xxxxxx | ||
| Xxxxxxx X. Xxxxxx | ||
| Executive Vice President |
Agreed and Accepted:
ING Investors Trust
| By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
| Xxxxxxxx X. Xxxxxxxx | ||
| Senior Vice President |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. | Tel: 000-000-0000 | ING Investments Distributor, LLC |
| Suite 100 | Fax: 000-000-0000 | |
| Scottsdale, AZ 85258-2034 | xxx.xxxxxxxx.xxx |
