January 31, 2008
Exhibit 99.B(d)(1)(x)
January 31, 2008
Xxxx Xxxxx
Directed Services, LLC
0000 Xxxxxxxx Xxxxx
West Chester, PA 19380
Dear Xx. Xxxxx:
Pursuant to the Investment Advisory Agreement dated May 1, 2003, as amended, (the “Agreement”) between ING Partners, Inc. (“IPI”) and ING Life Insurance and Annuity Company, succeeded by Directed Services, LLC (“DSL”) pursuant to the Substitution Agreement dated January 1, 2007 between IPI and DSL we hereby notify you of our intention to retain you as Adviser to render investment advisory services to ING Index ING Index Solution 2015 Portfolio, ING Index Solution 2025 Portfolio, ING Index Solution 2035 Portfolio, ING Index Solution 2045 Portfolio, and ING Index Solution Income Portfolio, five newly established series of IPI (the “Portfolios”), effective March 4, 2008, 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 amending Amended Schedule A and Amended Schedule B of the Agreement. Amended Schedule A and Amended Schedule B are attached hereto.
Please signify your acceptance to act as Adviser under the Agreement with respect to the aforementioned Portfolios by signing below where indicated.
|
|
|
|
Very sincerely, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Xxxxxxxx X. Xxxxxxxx |
|
|
|
|
|
Xxxxxxxx X. Xxxxxxxx |
|
|
|
|
|
Senior Vice President |
|
|
|
|
|
ING Partners, Inc. |
|
ACCEPTED AND AGREED TO:
Directed Services, LLC
By: |
/s/ Xxxx Xxxxx |
|
|
Xxxx Xxxxx |
|
|
Vice President |
|
0000 X. Xxxxxxxxxx Xxxxx Xx. |
Tel: 000-000-0000 |
ING Partners, Inc. |
AMENDED SCHEDULE B
ADVISORY FEES
SERIES |
|
ADVISORY FEES |
|
|
(as a percentage of average daily net assets) |
|
|
|
ING American Century Large Company Value Portfolio |
|
0.80% |
|
|
|
ING American Century Small-Mid Cap Value Portfolio |
|
1.00% |
|
|
|
ING Baron Asset Portfolio |
|
0.95% of the
first $2 billion of assets |
|
|
|
ING Baron Small Cap Growth Portfolio |
|
0.85% of the
first $4 billion of assets |
|
|
|
ING Columbia Small Cap Value II Portfolio |
|
0.75% |
|
|
|
ING Xxxxx Venture Value Portfolio |
|
0.80% |
|
|
|
ING Fidelity® VIP Contrafund® Portfolio |
|
0.00% while
Series invested in Master |
|
|
|
ING Fidelity® VIP Equity-Income Portfolio |
|
0.00% while
Series invested in Master |
|
|
|
ING Fidelity® VIP Growth Portfolio |
|
0.00% while
Series invested in Master |
|
|
|
ING Fidelity® VIP Mid Cap Portfolio |
|
0.00% while
Series invested in Master |
|
|
|
ING Fundamental Research Portfolio |
|
0.60% on the
first $2 billion; |
|
|
|
ING Index Solution 2015 Portfolio |
|
0.10% |
|
|
|
ING Index Solution 2025 Portfolio |
|
0.10% |
|
|
|
ING Index Solution 2035 Portfolio |
|
0.10% |
|
|
|
ING Index Solution 2045 Portfolio |
|
0.10% |
SERIES |
|
ADVISORY FEES |
|
|
(as a percentage of average daily net assets) |
|
|
|
ING Index Solution Income Portfolio |
|
0.10% |
|
|
|
ING JPMorgan International Portfolio |
|
0.80% |
|
|
|
ING JPMorgan Mid Cap Value Portfolio |
|
0.75% |
|
|
|
ING Xxxx Xxxxx Partners Aggressive Growth Portfolio |
|
0.70% on the
first $500 million; |
|
|
|
ING Xxxx Xxxxx Partners Large Cap Growth Portfolio |
|
0.64% |
|
|
|
ING Xxxx Xxxxxx U.S. Government Securities Portfolio |
|
0.47% on the
first $250 million; |
|
|
|
ING Xxxxxxxxx Xxxxxx Partners Portfolio |
|
0.60% |
|
|
|
ING Xxxxxxxxx Xxxxxx Regency Portfolio |
|
0.75% |
|
|
|
ING OpCap Balanced Value Portfolio |
|
0.80% |
|
|
|
ING Xxxxxxxxxxx Global Portfolio |
|
0.60% of the
first $11 billion of assets |
|
|
|
ING Xxxxxxxxxxx Strategic Income Portfolio |
|
0.50% on the
first $6.5 billion; |
|
|
|
ING PIMCO Total Return Portfolio |
|
0.50% |
|
|
|
ING Pioneer High Yield Portfolio |
|
0.60% on the
first $5 billion; |
|
|
|
ING Solution 2015 Portfolio |
|
0.10% |
|
|
|
ING Solution 2025 Portfolio |
|
0.10% |
|
|
|
ING Solution 2035 Portfolio |
|
0.10% |
|
|
|
ING Solution 2045 Portfolio |
|
0.10% |
SERIES |
|
ADVISORY FEES |
|
|
(as a percentage of average daily net assets) |
|
|
|
ING Solution Growth and Income Portfolio |
|
0.10% |
|
|
|
ING Solution Growth Portfolio |
|
0.10% |
|
|
|
ING Solution Income Portfolio |
|
0.10% |
|
|
|
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio |
|
0.64% |
|
|
|
ING X. Xxxx Price Growth Equity Portfolio |
|
0.60% |
|
|
|
ING Xxxxxxxxx Foreign Equity Portfolio |
|
0.80% on the
first $500 million; |
|
|
|
ING Xxxxxxxxx Value Portfolio |
|
0.65% |
|
|
|
ING UBS U.S. Large Cap Equity Portfolio |
|
0.70% on the
first $500 million; |
|
|
|
ING UBS U.S. Small Cap Growth Portfolio |
|
0.85% of the
first $1 billion of assets |
|
|
|
XXX Xxx Xxxxxx Xxxxxxxx Portfolio |
|
0.60% |
|
|
|
ING Xxx Xxxxxx Equity and Income Portfolio |
|
0.55% |