June 1, 2009 ING Equity Trust 7337 East Doubletree Ranch Road Scottsdale, AZ 85258-2034
Exhibit 99.B(d)(12)(vii)
June 1, 2009
ING Equity Trust
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING MidCap Opportunities Fund (the “Fund”), agrees that ING Investments shall, from June 1, 2009 through and including October 1, 2010, 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 for Class W shares of the Fund shall be as follows:
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Name of Fund |
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Maximum Operating Expense Limit |
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ING MidCap Opportunities Fund |
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1.10% |
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We are willing to be bound by this letter agreement to lower our fees for the period from
June 1, 2009 through and including October 1, 2010. 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. This letter agreement shall terminate upon termination of the Expense Limitation Agreement.
Sincerely,
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/s/ Xxxx Xxxxx |
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Name: |
Xxxx Xxxxx |
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Title: |
Senior Vice President |
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0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx |
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Tel: 000.000.0000 |
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ING Investments, LLC |
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Scottsdale, AZ 00000-0000 |
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Fax: 000.000.0000 |
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xxx.xxxxxxxx.xxx |
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