FORM OF
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Exhibit (d)(10)(v) |
FORM OF
January 28, 2013
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258-2034
| Re: | Expense Limitations |
Ladies and Gentlemen:
By our execution of this letter agreement, intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the adviser to ING Large Cap Value Fund, previously known as ING Equity Dividend Fund (the “Fund”), agrees that ING Investments shall, from January 28, 2013 through October 1, 2014, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:
| Class O | ||||
| ING Large Cap Value Fund |
1.25 | % | ||
We are willing to be bound by this letter agreement to lower our fees for the period from January 28, 2013 through October 1, 2014. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply, subject to possible recoupment by ING Investments within three years. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
Sincerely,
Name: Xxxx Xxxxx
Title: Senior Vice President
| 0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx | ||||
| Suite 100 | Tel: 000.000.0000 | ING Investments, LLC | ||
| Scottsdale, AZ 00000-0000 | Fax: 000.000.0000 | |||
| xxx.xxxxxxxx.xxx |
