Exhibit (h)(1)(ii)
AMENDMENT
TO
ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
ING PARTNERS, INC.
AND
ING FUNDS SERVICES, LLC
AMENDMENT made as of this 1st day of November, 2004, to the Administrative
Services Agreement dated as of November 19, 2003, as amended (the "Agreement"),
between ING Partners, Inc., a corporation organized and existing under the laws
of Maryland (the "Company") and ING Funds Services, LLC, a corporation organized
and existing under the laws of Delaware (the "Administrator"). In consideration
of the mutual covenants contained herein, the parties agree to amend the
Agreement as follows:
1. The third WHEREAS clause under RECITAL is hereby deleted in its entirety
and replaced with the following:
WHEREAS, the Company has established the separate series listed on the
attached SCHEDULE A and the Company may, from time to time, offer shares
representing interests in one or more additional series (each a "Series,"
collectively the "Series"); and
2. The first sentence of Article I is hereby deleted and replaced with the
following:
The Administrator is hereby appointed to serve as the administrator to the
Series of the Company set forth on the attached SCHEDULE A, to provide the
administrative services described herein and assume the obligations set forth in
Section II, subject to the terms of this Agreement and the control of the
Company's Board of Directors (the "Board").
3. The following paragraph is hereby inserted after the first paragraph of
Article I:
In the event the Company establishes and designates additional series with
respect to which it desires to retain the Administrator to render administrative
services hereunder, it shall notify the Administrator in writing. If the
Administrator is willing to render such services, it shall notify the Trust in
writing, whereupon such additional series shall become a Series hereunder.
4. SCHEDULE A to the Agreement is hereby deleted in its entirety and replaced
with AMENDED SCHEDULE A attached hereto.
5. SCHEDULE B to the Agreement is hereby deleted in its entirety and replaced
with AMENDED SCHEDULE B attached hereto.
6. In all other respects, the Agreement is confirmed and remains in full force
and effect.
7. This Amendment shall become effective as of the date first written above.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their duly authorized
signatories the date and year first above written.
ING FUNDS SERVICES, LLC ING PARTNERS, INC.
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------- ----------------------------
Xxxxxxx X. Xxxxxx Xxxxxx X. Xxxxxxxxxxx
Executive Vice President Vice President
AMENDED SCHEDULE A
SERIES OF ING PARTNERS, INC.
ING Acltus Enhanced Index Portfolio
ING Xxxxx Aggressive Growth Portfolio
ING Xxxxx Capital Appreciation Portfolio
ING Xxxxx Growth Portfolio
ING American Century Small Cap Value Portfolio
TNG Baron Small Cap Growth Portfolio
ING Fidelity(R) VIP Contrafund(R) Portfolio
ING Fidelity(R) VIP Equity Income Portfolio
ING Fidelity(R) VIP Growth Portfolio
ING Fidelity(R) VIP Mid Cap Portfolio
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio
ING Xxxxxxx Sachs(R) Core Equity Portfolio
ING JPMorgan Xxxxxxx International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING MFS Capital Opportunities Portfolio
ING MFS Global Growth Portfolio
ING OpCap Balanced Value Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Fundamental Value Portfolio
ING Salomon Brothers Investors Value Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING UBS U.S. Allocation Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING Xxx Xxxxxx Xxxxxxxx Portfolio
Dated: November 1, 2004
AMENDED SCHEDULE B
ADMINISTRATIVE SERVICES FEES
SERIES FEES
------ ----
ING Aeltus Enhanced Index Portfolio 0.20%
ING Xxxxx Aggressive Growth Portfolio 0.20%
ING Xxxxx Capital Appreciation Portfolio 0.20%
ING Xxxxx Growth Portfolio 0.20%
ING American Century Small Cap Value Portfolio 0.40%
ING Baron Small Cap Growth Portfolio 0.40%
ING Fidelity(R) VIP Contrafund(R) Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Equity Income Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Growth Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VTP Mid Cap Portfolio 0.05% while Series invested in Master
0.17% for Stand-alone Series
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio 0.20%
ING Xxxxxxx Sachs(R) Core Equity Portfolio 0.20%
ING JPMorgan Xxxxxxx International Portfolio 0.20%
ING JPMorgan Mid Cap Value Portfolio 0.35%
ING MFS Capital Opportunities Portfolio 0.25%
ING MFS Global Growth Portfolio 0.60%
ING OpCap Balanced Value Portfolio 0.20%
ING Xxxxxxxxxxx Strategic Income Portfolio 0.04%
ING PIMCO Total Return Portfolio 0.35%
ING Salomon Brothers Aggressive Growth Portfolio 0.13%
ING Salomon Brothers Fundamental Value Portfolio 0.20%
ING Salomon Brothers Investors Value Portfolio 0.20%
ING X. Xxxx Price Growth Equity Portfolio 0.15%
ING UBS U.S. Allocation Portfolio 0.20%
ING UBS U.S. Large Cap Equity Portfolio 0.15%
ING Xxx Xxxxxx Xxxxxxxx Portfolio 0.35%
Dated: November 1, 2004
