Directed Services, LLC
Exhibit 99.B(d)(1)(A)(ii)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
January 1, 2007
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the Portfolio Management Agreement dated December 1, 2005, among Salomon Brothers Asset Management Inc, ING Investors Trust and Directed Services, LLC, (the “Portfolio Management Agreement”) the portfolio management fee for ING Xxxx Xxxxx Partners All Cap Portfolio (the “Portfolio”) was reduced.
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 August 1, 2006 through and including May 1, 2008. The Reduction shall be calculated as follows:
Reduction = 50% x (former portfolio management fee - new portfolio management fee)
The old and new fee schedules to the Portfolio Management Agreement are attached. 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 |
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Agreed and Accepted: |
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(on behalf of the Portfolio) |
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By: |
/s/ Xxxxxx X. Naka |
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Xxxxxx X. Naka |
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Executive Vice President |
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