0001145443-13-001883 Sample Contracts

SUB-ADVISORY AGREEMENT ING EQUITY TRUST
Sub-Advisory Agreement • September 25th, 2013 • Ing Equity Trust • New York

AGREEMENT dated May 13, 2013, between ING Investments, LLC, an Arizona limited liability company (the “Manager”), and ING Investment Management Co. LLC, a Delaware limited liability company (the “Sub-Adviser”).

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INVESTMENT MANAGEMENT AGREEMENT ING EQUITY TRUST
Investment Management Agreement • September 25th, 2013 • Ing Equity Trust • New York

AGREEMENT dated May 13, 2013, between ING Equity Trust (the “Trust”), a Massachusetts business trust, and ING Investments, LLC (the “Adviser”), a limited liability company organized and existing under the laws of the State of Arizona (the “Agreement”).

SUB-ADVISORY AGREEMENT ING EQUITY TRUST
Sub-Advisory Agreement • September 25th, 2013 • Ing Equity Trust • Arizona

ING Investments, LLC, an Arizona limited liability company (the “Manager”), and Wellington Management Company, LLP, a Massachusetts limited liability partnership (the “Sub-Adviser”).

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • September 25th, 2013 • Ing Equity Trust • Massachusetts

This AGREEMENT made as of this 13th day of May, 2013 between ING Investments, LLC, an Arizona limited liability company (the “Manager”), and CBRE Clarion Securities, LLC, a Delaware limited liability company (the “Sub-Adviser”).

AMENDED AND RESTATED ADMINISTRATION AGREEMENT
Administration Agreement • September 25th, 2013 • Ing Equity Trust • Massachusetts

THIS AGREEMENT made this 23rd day of September, 2002, as amended and restated as of March 7, 2013, between ING Equity Trust (the “Trust”), a Massachusetts business trust, and ING Funds Services, LLC (the “Administrator”), a Limited Liability Company organization under the laws of Delaware.

FORM OF EXPENSE LIMITATION AGREEMENT ING EQUITY TRUST
Expense Limitation Agreement • September 25th, 2013 • Ing Equity Trust

This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective the 13th day of May, 2013, by and between ING Investments, LLC (the “Investment Manager”), ING Equity Trust (the “Registrant”) and CBRE Clarion Securities LLC (formerly ING Clarion Real Estate Securities L.P.) (the “Sub-Adviser”). The Registrant is a series fund investment company, and is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series.

EXPENSE LIMITATION AGREEMENT ING EQUITY TRUST
Expense Limitation Agreement • September 25th, 2013 • Ing Equity Trust

This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective this 13th day of May, 2013, is made by and between ING Investments, LLC (the “Investment Manager”), ING Investments Distributor, LLC (formerly ING Funds Distributor, LLC, the “Distributor”), and ING Equity Trust (the “Registrant”). If Registrant is a series fund investment company, then Registrant is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series. If the Registrant is not a series fund investment company, then this Agreement shall apply to the Registrant, and the use of the terms “Fund” or “Funds” herein shall refer to the Registrant.

October 1, 2013 ING Equity Trust 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
Ing Equity Trust • September 25th, 2013

By our execution of this letter agreement, intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the adviser to ING Large Cap Value Fund, previously known as ING Equity Dividend Fund (the “Fund”), agrees that ING Investments shall, from October 1, 2013 through October 1, 2014, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:

October 1, 2013 ING Equity Trust
Ing Equity Trust • September 25th, 2013
EXPENSE LIMITATION AGREEMENT ING EQUITY TRUST
Expense Limitation Agreement • September 25th, 2013 • Ing Equity Trust

This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective the 13th day of May 2013, by and between ING Investments, LLC (the “Investment Manager”) and ING Equity Trust (the “Registrant”). The Registrant is a series fund investment company, and is entering into this Agreement on behalf of, and this Agreement shall apply to, each series of the Registrant set forth on Schedule A hereto (each a “Fund,” collectively the “Funds”), as such schedule may be amended from time to time to add or delete series.

May 13, 2013 ING Equity Trust 7337 East Doubletree Ranch Road Suite 100 Scottsdale, AZ 85258-2034
Ing Equity Trust • September 25th, 2013

By our execution of this letter agreement, intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the adviser to ING Large Cap Value Fund, previously known as ING Equity Dividend Fund (the “Fund”), agrees that ING Investments shall, from May 13, 2013 through October 1, 2014, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Fund shall be as follows:

October 1, 2013 ING Equity Trust
Ing Equity Trust • September 25th, 2013
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