0001104659-11-008880 Sample Contracts

SUB-ADVISORY AGREEMENT ING MUTUAL FUNDS
Sub-Advisory Agreement • February 22nd, 2011 • Ing Mutual Funds • Arizona

This AGREEMENT is made as of this 1st day of February, 2011, between ING Investments, LLC, an Arizona limited liability company (the “Manager”), and Wellington Management Company, LLP, a Massachusetts limited liability partnership (the “Sub-Adviser”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • February 22nd, 2011 • Ing Mutual Funds • Delaware

This AGREEMENT is made as of this 1st day of February, 2011, between Fund ING Investments, LLC, an Arizona limited liability company (the “Manager”), and Thornburg Investment Management, Inc. (the “Sub-Adviser”), a corporation organized under the laws of the State of Delaware (the “Agreement”).

INVESTMENT SUBADVISORY AGREEMENT Between and Among
Investment Subadvisory Agreement • February 22nd, 2011 • Ing Mutual Funds • Maryland

This INVESTMENT SUBADVISORY AGREEMENT (“Agreement”), is dated as of the close of business on December 31, 2010, between and among T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America and T. Rowe Price International Ltd (the “Subadviser”), a corporation organized and existing under the laws of the United Kingdom.

INVESTMENT MANAGEMENT SUB-DELEGATION AGREEMENT Between
Investment Management Sub-Delegation Agreement • February 22nd, 2011 • Ing Mutual Funds • Maryland

This INVESTMENT MANAGEMENT SUB-DELEGATION AGREEMENT (the “Agreement”), is dated as of 3 January 2011, by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, with its principal office at 100 East Pratt Street, Baltimore MD 21202, United States and T. Rowe Price International Ltd, Tokyo Branch, the Tokyo branch of T. Rowe Price International Ltd (“TRPIL-Tokyo”), a registered investment management business provider and investment advisory/agency business provider under FI&E Law in Japan, with its office at Yamato Seimei Building 20th Floor, 1-7, Uchisaiwai-cho 1-chome, Chiyoda-ku, Tokyo 100-0011, Japan. T. Rowe Price International Ltd is a registered investment adviser under the Investment Advisers Act of 1940 (“Advisers Act”).

February 1, 2011 Todd Modic Senior Vice President ING Investments, LLC
Investment Management Agreement • February 22nd, 2011 • Ing Mutual Funds
March 1, 2011 ING Mutual Funds
Expense Limitations Agreement • February 22nd, 2011 • Ing Mutual Funds
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