0001171520-10-000278 Sample Contracts

SUB-ADVISORY AGREEMENT ING INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND
Sub-Advisory Agreement • April 29th, 2010 • ING Infrastructure, Industrials & Materials Fund • New York

This AGREEMENT is made as of this 26th day of January, 2010, between ING Investments, LLC, an Arizona limited liability company (the “Manager”), and ING Investment Management Co., a Connecticut corporation (the “Sub-Adviser”).

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INVESTMENT MANAGEMENT AGREEMENT ING INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND
Investment Management Agreement • April 29th, 2010 • ING Infrastructure, Industrials & Materials Fund • New York

THIS INVESTMENT MANAGEMENT AGREEMENT, made as of January 26, 2010, is by and between ING INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND, a Delaware statutory trust (hereinafter called the “Fund”), and ING INVESTMENTS, LLC, a limited liability company organized and existing under the laws of the State of Arizona (hereinafter called the “Manager”).

EXHIBITS
Investment Management Agreement • April 29th, 2010 • ING Infrastructure, Industrials & Materials Fund
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