December 3, 2012 ING Funds Trust Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(h)(1)(ii)
December 3, 2012
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated December 3, 2012, we agree to waive the administrative fee payable to us under the Amended and Restated Administration Agreement, dated November 30, 2008 between ING Funds Trust and ING Funds Services, LLC (the “Agreement”). Such waiver will be in an amount equal to the administrative fee allocated to, and otherwise payable by, the Class P shares of ING Floating Rate Fund and ING High Yield Bond Fund, each a series of ING Funds Trust, hereby reducing the post-waiver fee rate payable by the Class P shares to 0.00%.
By this letter, we agree to waive the administrative fee in this manner for the period from December 3, 2012 through August 1, 2014 (the “Waiver Period”).
Please indicate your agreement to this reduction in fee 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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Senior Vice President | |
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ING Funds Services, LLC | |
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Agreed and Accepted: |
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(on behalf of the Funds) |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 |
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Tel: 000-000-0000 Fax: 000-000-0000 |
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ING Funds Services, LLC |
