Directed Services LLC January 21, 2011 ING Investors Trust Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(D)(v)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
January 21, 2011
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Sub-Advisory Agreement dated November 2, 2010 between Directed Services LLC and ING Investment Management Co., as amended, the sub-advisory fee for ING Large Cap Value Portfolio (formerly, ING Pioneer Equity Income Portfolio, the “Portfolio”) was reduced on January 21, 2011.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from January 21, 2011 through May 1, 2012. The Reduction shall be calculated as follows:
The Reduction is calculated as follows:
Reduction = 50% x (the savings to Directed Services LLC from the January 21, 2011 expense reduction)
Please indicate your agreement to this Reduction 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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Vice President |
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Directed Services LLC |
Agreed and Accepted:
(on behalf of the Portfolio)
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx | |
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Senior Vice President | |
