FORM OF
(d)(1)(vii)
FORM OF
December 14, 2010
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, AZ 85258
Dear Xx. Xxxxx:
Pursuant to the Amended and Restated Investment Management Agreement dated February 1, 2005, as amended, between ING Mutual Funds and ING Investments, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING International Growth Fund (the “Fund”), a newly established series of ING Mutual Funds, effective December 14, 2010, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Fund to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Fund, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with respect to the aforementioned Fund by signing below where indicated.
| Very sincerely, | ||
| By: |
||
| Xxxxxxxx X. Xxxxxxxx Senior Vice President | ||
| ACCEPTED AND AGREED TO: ING Investments, LLC | ||
| By: |
||
| Xxxx Xxxxx Senior Vice President | ||
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Mutual Funds |
FORM OF
AMENDED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
between
and
ING INVESTMENTS, LLC
| Series |
Annual Investment Management Fee | |
| (as a percentage of average daily net assets) | ||
| ING Asia-Pacific Real Estate Fund1 |
1.00% on first $250 million 0.90% on next $250 million 0.80% thereafter | |
| ING Diversified International Fund |
0.00% | |
| ING Emerging Countries Fund |
1.25% | |
| ING European Real Estate Fund1 |
1.00% on first $250 million 0.90% on next $250 million 0.80% thereafter | |
| ING Global Bond Fund |
0.40% | |
| ING Global Real Estate Fund |
0.80% of the first $250 million of assets 0.775% of the next $250 million of assets 0.70% of assets in excess of $500 million | |
|
1 |
The initial two-year terms of ING Asia-Pacific Real Estate Fund and ING European Real Estate Fund under this Agreement commenced on October 15, 2007. |
1
| Series |
Annual Investment Management Fee | |
| (as a percentage of average daily net assets) | ||
| ING Global Value Choice Fund |
0.90% on the first $500 million 0.80% on the next $500 million 0.75% of assets in excess of $1 billion | |
| ING Greater China Fund |
1.15% on the first $100 million of assets 1.05% on the next $150 million of assets 0.95% on assets in excess of $250 million | |
| ING Index Plus International Equity Fund |
0.55% | |
| ING International Capital Appreciation Fund |
0.85% on the first $500 million of assets 0.80% on the next $500 million of assets 0.75% on assets in excess of $1 billion | |
| ING International Growth Fund |
0.75% | |
| ING International Real Estate Fund |
1.00% on the first $250 million of assets 0.90% on the next $250 million of assets 0.80% on assets in excess of $500 million | |
| ING International SmallCap Multi-Manager Fund |
1.00% of the first $500 million of assets 0.90% of the next $500 million of assets 0.85% of assets in excess of $1 billion | |
| ING International Value Choice Fund |
1.00% | |
2
