FORM OF
99.B(d)(7)(iv)
FORM OF
September 30, 2010
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, Arizona 85258-2034
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 SmallCap Opportunities Fund (the “Fund”), agrees that ING Investments shall, from September 30, 2010 through and including October 1, 2011, 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 of the Funds shall be as follows:
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Maximum Operating Expense Ratios |
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Name of Fund |
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Class A |
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Class B |
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Class C |
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Class I |
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Class W |
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ING SmallCap Opportunities Fund |
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1.50 |
% |
2.25 |
% |
2.25 |
% |
1.10 |
% |
1.25 |
% |
ING Investments acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
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ING Investments, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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Your signature below acknowledges acceptance of this Agreement: |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
Tel: 000.000.0000 |
ING Investments, LLC |
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Scottsdale, AZ 00000-0000 |
Fax: 000.000.0000 |
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xxx.xxxxxxxx.xxx |
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