Contract
(h)(1)(i) |
August 5, 2013
ING Variable Portfolios, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxx 000
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
By this letter dated August 5, 2013, we have agreed to waive the administrative services fee payable to us under the Administration Agreement dated April 1, 2002, as amended and restated on December 31, 2008, and as further amended and restated on March 14, 2013, between ING Variable Portfolios, Inc. and ING Funds Services, LLC (the “Agreement”), with respect to ING Euro STOXX 50® Index Portfolio (formerly, ING Dow Xxxxx Euro STOXX 50® Index Portfolio), ING FTSE 100 Index® Portfolio, and ING Japan TOPIX Index® Portfolio (formerly, ING Japan Equity Index Portfolio) (collectively, the “Portfolios”), each a series of ING Variable Portfolios, Inc., in the amount of 0.10% per annum. By this letter, we agree to waive that fee for the period from August 5, 2013 through May 1, 2014.
ING Funds Services, LLC acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of ING Variable Portfolios, Inc.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely, | ||
By: | /s/ Xxxx Xxxxx | |
Xxxx Xxxxx | ||
Senior Vice President | ||
ING Funds Services, LLC |
Agreed and Accepted:
ING Variable Portfolios, Inc.
(on behalf of the Portfolios)
By: | /s/ Xxxxxxxx X. Xxxxxxxx | |
Xxxxxxxx X. Xxxxxxxx | ||
Senior Vice President |
0000 X. Xxxxxxxxxx Xxxxx Xx. Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 |
ING Investments, LLC |