Directed Services LLC
Exhibit 99.B(d)(18)(iii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2009
Xxxx Xxx Xxxxx
Columbia Management Advisors, LLC
One Financial Center
MA5-515-14-01
Boston, MA 02111
Dear Xx. Xxxxx:
Pursuant to the Sub-Advisory Agreement dated April 28, 2006, as amended, between Directed Services LLC and Columbia Management Advisors, LLC (the “Agreement”), we hereby modify the sub-advisory fees payable to the Sub-Adviser for ING Columbia Small Cap Value Portfolio (the “Portfolio”), formerly known as ING Columbia Small Cap Value II Portfolio.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by modifying the annual sub-advisory fee for the Portfolio as reflected on the Amended Schedule A of the Agreement, effective May 1, 2009. The Amended Schedule A, with the annual
sub-advisory fees indicated for the Portfolio, is attached hereto.
Please signify your acceptance to the modification of the annual sub-advisory fee for the Portfolio by signing below where 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 |
ACCEPTED AND AGREED TO:
Columbia Management Advisors, LLC
By: |
/s/Xxxx Xxx Xxxxx |
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Name: |
Xxxx Xxx Xxxxx |
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Title: |
Managing Director, Duly Authorized |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Columbia Management Advisors, LLC (the “Sub-Adviser”) to the following Series of ING Partners, Inc., pursuant to the attached Sub-Advisory Agreement, Directed Services LLC will pay the Sub-Adviser a fee, computed daily and payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of the Series:
SERIES |
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RATE |
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ING Columbia Small Cap Value Portfolio (formerly, ING Columbia Small Cap Value II Portfolio) |
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0.600% on first
$500 million of assets; |
If this Agreement becomes effective or terminates before the end of any month, the fee for the period from the effective date to the end of the month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion that such period bears to the full month in which such effectiveness or termination occurs.
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