AMENDMENT TO SUB-ADVISORY AGREEMENT ING INVESTORS TRUST
Exhibit
77(e)(2)
AMENDMENT
TO SUB-ADVISORY AGREEMENT
This
Amendment, effective as of June 16, 2008, amends the Sub-Advisory Agreement (the
“Agreement”) dated the 30th day of April, 2007 among ING Investors Trust, a
Massachusetts business trust, Directed Services LLC (the “Adviser”), a Delaware
limited liability company, and BlackRock Financial Management, Inc.(the
“Sub-Adviser”), corporation organized under the laws of the State of
Delaware.
W I T N E
S S E T H
WHEREAS,
the parties desire to amend the Agreement and agree that the amendment will be
effective as of June 16, 2008.
1. The
following information will be inserted as Section 2 (k):
With
respect to any investments, including but not limited to repurchase and reverse
repurchase agreements, derivatives contracts, futures contracts, International Swaps and Derivatives
Association, Inc.
(“ISDA”) Master
Agreements, and options on futures contracts (“futures”), which are
permitted to be made by the Sub-Adviser in accordance with this Agreement and
the investment objectives and strategies of the Series, as outlined in the
Registration Statement for the Fund, the Adviser hereby authorizes and directs
the Sub-Adviser to do and perform every act and thing whatsoever necessary or
incidental in performing its duties and obligations under this Agreement
including, but not limited to, executing as agent, on behalf of each Series,
brokerage agreements and other documents to establish, operate and conduct all
brokerage or other trading accounts, and executing as agent, on behalf of each
Series, such agreements and other documentation as may be required for the
purchase or sale, assignment, transfer and ownership of any permitted
investment, including limited partnership agreements, repurchase and derivative
master agreements, including any schedules and annexes to such agreements,
releases, consents, elections and confirmations, provided that the Sub-Adviser may only
trade swaps and derivatives under ISDA Master Agreements which are substantially
similar to those reviewed and approved by the Adviser. The
Adviser acknowledges and understands that it will be bound by any such trading
accounts established, and agreements and other documentation executed, by the
Sub-Adviser for such investment purposes.
2. Capitalized
terms used in this Amendment and not otherwise defined shall have the meanings
ascribed to them in the Agreement.
3. In
all other respects, the Agreement is hereby confirmed and remains in full force
and effect.
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IN
WITNESS WHEREOF, the parties hereto have caused this instrument to be executed
as of the day and year first above written.
DIRECTED
SERVICES LLC
By: /s/ Xxxx
Xxxxx
Name: Xxxx
Xxxxx
Title: Vice
President
BLACKROCK
FINANCIAL MANAGEMENT, INC.
By:
/s/ Xxxxx X.
Xxxxxxx
Name: Xxxxx X.
Xxxxxxx
Title: Managing
Director
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