Directed Services LLC
Exhibit 99.B(d)(6)(xi)
Directed Services LLC
0000 xxxxxxxx xxxxx, xxxx xxxxxxx, XX 00000
November 14, 2008
ING Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the Investment Sub-Advisory Agreement dated December 14, 2000, as amended, between Directed Services LLC and X. Xxxx Price Associates, Inc., (the “Sub-Advisory Agreement”) the sub-advisory fee for ING X. Xxxx Price Growth Equity Portfolio (the “Portfolio”) was reduced on May 1, 2007.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2008 through and including May 1, 2010. The Reduction shall be calculated as follows:
Reduction = 50% x (the savings to Directed Services LLC from the May 1, 2007 expense reduction)
Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
Agreed and Accepted:
ING Partners, Inc.
(on behalf of the Portfolio)
By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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