Directed Services LLC May 1, 2013 Christopher Kurtz Vice President, Finance ING Investment Management Co. LLC One Orange Way, C1-N Windsor, CT 06095 Dear Mr. Kurtz:
(d)(16)(i)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2013
Xxxxxxxxxxx Xxxxx
Vice President, Finance
ING Investment Management Co. LLC
One Orange Way, C1-N
Windsor, CT 06095
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement, dated June 7, 2011, between Directed Services LLC and ING Investment Management Co., now known as ING Investment Management Co. LLC, as amended (the “Agreement”), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Solution Aggressive Portfolio (the “Portfolio”), a newly established series of ING Partners, Inc., effective on May 1, 2013, upon all of the terms and conditions set forth in the Agreement and subject to shareholder approval of the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Portfolio to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Portfolio, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Portfolio by signing below where indicated.
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Very sincerely, | |
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By: |
/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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ACCEPTED AND AGREED TO: |
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ING Investment Management Co. LLC |
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By: |
/s/ Xxxxxxxxxxx Xxxxx |
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Name: |
Xxxxxxxxxxx Xxxxx |
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Title: |
VP Finance, Duly Authorized |
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AMENDED SCHEDULE A
with respect to the
between
DIRECTED SERVICES LLC
and
ING INVESTMENT MANAGEMENT CO. LLC
Series |
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Annual Sub-Adviser Fee |
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(as a percentage of average daily net assets |
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ING Global Bond Portfolio (formerly, ING Xxxxxxxxxxx Global Strategic Income Portfolio) |
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0.225% on the first $4 billion in assets; |
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ING Growth and Income Core Portfolio (formerly, ING Xxxxxxxxx Value Portfolio) |
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0.35% on all assets |
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ING Solution Aggressive Portfolio |
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Direct Investments(1) Underlying Funds(2) |
(1) |
“Direct Investments” shall mean assets which are not Underlying Funds. |
(2) |
“Underlying Funds” shall mean open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on March 23, 2013. |