Directed Services, LLC
Exhibit 99.B(d)(1)(A)(iv)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
April 30, 2007
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Portfolio Management Agreement dated May 1, 2002, as amended, among Xxxxxx Xxxxxxx Investment Management Inc. d/b/a Xxx Xxxxxx, ING Investors Trust and Directed Services, LLC, (the “Portfolio Management Agreement”) the portfolio management fee for ING Xxx Xxxxxx Capital Growth Portfolio (formerly ING Xxx Xxxxxx Equity Growth Portfolio) (the “Portfolio”) was reduced June 1, 2005 and further reduced April 30, 2007.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from April 30, 2007 through and including May 1, 2008. The Reduction shall be calculated as follows:
The Reduction is calculated as follows:
Reduction = 50% x (the savings to Directed Services, LLC from the June 1, 2005 and April 30, 2007 expense reductions)
Please indicate your agreement to these Reductions by executing below in the place 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 |
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Agreed and Accepted:
(on behalf of the Portfolios)
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By: |
/s/Xxxxxx X. Xxxx |
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Xxxxxx X. Xxxx |
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Executive Vice President |
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