FORM OF
Exhibit 99.B(d)(13)(iii)
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FORM OF
April , 2008
ING Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
By our execution of this letter agreement, we hereby notify you that, during periods when ING Xxxxxxxxxxx Strategic Income Portfolio (the “Portfolio”), a series of ING Partners, Inc. managed by Directed Services LLC (“DSL”) and sub-advised by XxxxxxxxxxxXxxxx, Inc. (“Xxxxxxxxxxx”), invests in Xxxxxxxxxxx Master Loan Fund, LLC (the “Underlying Fund”), Xxxxxxxxxxx will waive its fees with respect to the Portfolio’s assets invested in the Underlying Fund. The waiver will be equal to the advisory fee rate received by Xxxxxxxxxxx from the Underlying Fund, and such rate will be applied to all Portfolio assets that are invested in the Underlying Fund. The waiver will be effective as of January 1, 2008.
Please indicate your agreement to this waiver by executing below in the place indicated.
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Very sincerely, |
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By: |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
Agreed and Accepted:
OppenheimerFunds, Inc.
By: |
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0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
Directed Services LLC |