February 28, 2011 Mr. Wayne D. Weaver Managing Director and Senior Relationship Manager BNY Mellon Asset ServicingCustody Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the terms and conditions of the Custody Agreement, Foreign Custody Manager Agreement, Fund Accounting Agreement, Custody & Fund Accounting Fee Schedule, and Global Securities Fee Schedule, each dated January 6, 2003, the Cash Reserve Agreement dated March 31, 2003, and the Letter of Instruction and Indemnification Agreement In Connection With Signature Guarantees and Signature Verifications dated January 12, 2011 (collectively, the “Agreements”), we hereby notify you of the addition of ING Australia Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on or about February 28, 2011, to be included on the Amended Exhibit A to the Agreements as shown. This Amended Exhibit A supersedes the previous Amended Exhibit A dated February 1, 2011.
February 28, 2011 ING Variable Portfolios, Inc. Scottsdale, AZ 85258 Ladies and Gentlemen:Waiver Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
By this letter dated February 28, 2011, we have agreed to waive the administrative services fee payable to us under the Administration Agreement dated April 1, 2002, as amended and restated on December 31, 2008 between ING Variable Portfolios, Inc. and ING Funds Services, LLC (the “Agreement”) with respect to ING Australia Index Portfolio (the “Portfolio”), a series of ING Variable Portfolios, Inc., in the amount of 0.10% per annum. By this letter, we agree to waive that fee for the period from on or about February 28, 2011 through and including May 1, 2014.
February 28, 2011 ING Variable Portfolios, Inc. Scottsdale, AZ 85258 Ladies and Gentlemen:Investment Management Fee Waiver Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
By this letter dated February 28, 2011, we have agreed to waive a portion of the investment management fee payable to us under the Amended Investment Management Agreement dated April 1, 2004 between ING Investments, LLC and ING Variable Portfolios, Inc., as amended (the “Agreement”), with respect to ING Australia Index Portfolio (the “Portfolio”), a series of ING Variable Portfolios, Inc., in the amount of 0.25% per annum as if the investment management fee specified in the Agreement were 0.35%. By this letter, we agree to waive that fee for the period from February 28, 2011 through and including May 1, 2014.
February 28, 2011 Todd Modic Senior Vice President ING Funds Services, LLC Scottsdale, AZ 85258 Dear Mr. Modic:Administration Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the Administration Agreement dated April 1, 2002, as amended and restated on December 31, 2008 between ING Variable Portfolios, Inc. and ING Funds Services, LLC (the “Agreement”), we hereby notify you of our intention to retain you as Administrator to render administrative and other services to ING Australia Index Portfolio, a newly established series of ING Variable Portfolios, Inc. (the “Portfolio”), effective on or about February 28, 2011, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Portfolio to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual administration fee indicated for the Portfolio, is attached hereto.
February 28, 2011 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258Investment Management Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the Amended Investment Management Agreement dated April 1, 2004 between ING Variable Portfolios, Inc. and ING Investments, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING Australia Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on or about February 28, 2011. Upon your acceptance, the Agreement will be modified to give effect to the foregoing as indicated on the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fee indicated for the Portfolio, is attached hereto.
February 28, 2011 Ms. Katherine Dinella Vice President The Bank of New York Mellon - Securities Lending New York, NY 10286 Dear Ms. Dinella:Securities Lending Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the terms and conditions of the Securities Lending Agreement and Guaranty dated August 7, 2003 and the Subscription Agreement dated August 8, 2003 (the “Agreements”), we hereby notify you of the addition of ING Australia Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., to be included on the Amended Exhibit A to the Agreements. This Amended Exhibit A supersedes the previous Amended Exhibit A dated February 1, 2011, and is attached hereto.
February 28, 2011 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258 Dear Mr. Modic:Sub-Advisory Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
ING Investments, LLC (“ING Investments”) and ING Investment Management Co. (“ING IM”) are parties to a Sub-Advisory Agreement dated March 1, 2002, as amended (the “Agreement”), and pursuant to an Acceptance Letter dated on or about February 28, 2011, ING Investments has agreed to pay ING IM an annual sub-advisory fee of 0.27% as a percentage of average daily net assets of ING Australia Index Portfolio (the “Portfolio”). By this letter dated February 28, 2011, ING IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
February 28, 2011 Christopher Kurtz Vice President, Finance ING Investment Management Co. Hartford, CT 06103-3602 Dear Mr. Kurtz:Sub-Advisory Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the Sub-Advisory Agreement dated March 1, 2002 between ING Investments, LLC and ING Investment Management Co., as amended (the “Agreement”), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Australia Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on or about February 28, 2011, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the Portfolios to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fee indicated for the Portfolio, is attached hereto.
February 28, 2011 Todd Modic Senior Vice President ING Investments Distributor, LLC Scottsdale, AZ 85258 Dear Mr. Modic:Distribution Agreement • February 25th, 2011 • Ing Variable Portfolios Inc
Pursuant to the Distribution Agreement dated January 1, 2002, between ING Variable Portfolios, Inc. and ING Investments Distributor, LLC, formerly, ING Funds Distributor, LLC (the “Agreement”), we hereby notify you of our intention to retain you as Distributor to render underwriting services to ING Australia Index Portfolio, a newly established Series of ING Variable Portfolios, Inc. (the “Portfolio”), effective on or about February 28, 2011, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by adding the above-mentioned Portfolio to the Amended Schedule of Approvals of the Agreement. The Amended Schedule of Approvals is attached hereto.
