FIFTH AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT between DIRECTED SERVICES, LLC and MORGAN STANLEY INVESTMENT MANAGEMENT INC. d/b/a VAN KAMPEN
Exhibit 99.B(d)(12)(viii)
FIFTH AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
between
DIRECTED SERVICES, LLC
and
XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. d/b/a XXX XXXXXX
This Fifth Amendment effective as of April 30, 2007, amends the Investment Subadvisory Agreement (the “Agreement”) dated the 11th day of March 2002, as amended, between ING Life Insurance and Annuity Company, succeeded by Directed Services, LLC, a Delaware limited liability company (the “Adviser”) and Xxxxxx Xxxxxxx Investment Management Inc. d/b/a Xxx Xxxxxx, a Delaware corporation (the “Subadviser”).
WITNESSETH:
WHEREAS, the Adviser and Subadviser are parties to the Agreement with respect to ING Partners, Inc.; and
WHEREAS, the parties wish to amend the Agreement as set forth below.
THEREFORE, in consideration of the mutual covenants contained herein, the parties agree to amend the Agreement as follows:
1. Amended Appendix A of the Agreement is hereby deleted and replaced with the Amended Appendix A attached hereto.
2. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Agreement.
3. In all other respects, the Agreement is confirmed and remains in full force and effect.
4. This Amendment shall become effective as of the date first written above.
AGREED AND ACCEPTED BY:
DIRECTED SERVICES, LLC |
XXXXXX XXXXXXX INVESTMENT |
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MANAGMENT INC. D/B/A XXX |
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XXXXXX |
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By: |
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By: |
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Xxxx Xxxxx |
Name: |
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Vice President |
Title: |
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AMENDED APPENDIX A
to
INVESTMENT SUBADVISORY AGREEMENT
between
DIRECTED SERVICES, LLC
and
XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. d/b/a XXX XXXXXX
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Annual Subadviser Fee |
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(as a percentage of average
daily net |
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ING Xxx Xxxxxx Equity and Income Portfolio |
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0.300% on the first
$250 million of assets |
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ING Xxx Xxxxxx Xxxxxxxx Portfolio(1) |
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0.400% on the first
$250 million of assets |
(1) For purposes of calculating fees under this Agreement, the assets of the Series shall be aggregated with the assets of ING Xxx Xxxxxx Capital Growth Portfolio, a series of ING Investors Trust, which is not a party to this Agreement. The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.
2