Re: Money Market Fund Expense Limitation Agreement for ING Money Market Fund
Exhibit (d)(5)(ii)
August 1, 2012
ING Series Fund, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
Re: Money Market Fund Expense Limitation Agreement for ING Money Market Fund
Ladies and Gentlemen:
In accordance with the Money Market Fund Expense Limitation Agreement between ING Investments, LLC (the “Investment Manager”), ING Investments Distributor, LLC (the “Distributor”), formerly ING Funds Distributor, LLC, and ING Series Fund, Inc. (the “Registrant”), on behalf of ING Money Market Fund (the “Fund”), a series of the Registrant, dated December 15, 2008 (the “Money Market Fund Expense Limitation Agreement”), the Distributor and the Investment Manager have contractually agreed to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Registrant to the extent necessary to assist the Fund in maintaining a yield of not less than zero.
By our execution of this letter agreement, intending to be legally bound hereby, the Distributor and the Investment Manager agree, from August 1, 2012 through August 1, 2013, to waive a portion of their distribution and/or shareholder servicing fees and advisory fees, as applicable, and to reimburse certain expenses of the Fund to the extent necessary to assist the Fund in maintaining a yield of not less than zero. Upon your acceptance, the Money Market Fund Expense Limitation Agreement will be modified to give effect to the foregoing by amending Schedule A of the Money Market Fund Expense Limitation Agreement. The Amended Schedule A is attached hereto.
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0000 X. Xxxxxxxxxx Xxxxx Xx. Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 |
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Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
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ING Investments Distributor, LLC ING Investments, LLC |
Please indicate your agreement to this term extension by executing below in the place indicated. This letter agreement shall terminate upon termination of the Money Market Fund Expense Limitation Agreement.
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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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ING Investments Distributor, LLC | ||
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By: |
/s/ Xxxxxxx X. Xxxxxx | |
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Xxxxxxx X. Xxxxxx | |
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Executive Vice President | |
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Agreed and Accepted: |
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ING Series Fund, Inc. |
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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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AMENDED SCHEDULE A
to the
MONEY MARKET FUND EXPENSE LIMITATION AGREEMENT
ING SERIES FUND, INC.
OPERATING EXPENSE LIMITS
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Name of Fund |
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Expiration of Term of Money Market Fund Expense |
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ING Money Market Fund |
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Term Expires August 1, 2013 |
/s/H.E.
HE
Date Last Amended: August 1, 2012
