November 30, 2011 Mr. Wayne D. Weaver Managing Director and Senior Relationship Manager BNY Mellon Asset ServicingIng Variable Portfolios Inc • November 28th, 2011
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 Emerging Markets Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on November 30, 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 September 30, 2011.
AMENDMENT TO SECURITIES LENDING AGREEMENT AND GUARANTYSecurities Lending Agreement and Guaranty • November 28th, 2011 • Ing Variable Portfolios Inc
THIS AMENDMENT TO SECURITIES LENDING AGREEMENT AND GUARANTY (“Amendment”) is made effective as of the 1st day of October, 2011 (the “Effective Date”), by and between THE BANK OF NEW YORK MELLON, formerly known as The Bank of New York (the “Bank”) and each Investment Company and each Series thereof listed on Exhibit A (each a “Lender”).
November 30, 2011 ING Variable Portfolios, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:Ing Variable Portfolios Inc • November 28th, 2011
By this letter dated November 30, 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 Emerging Markets Index Portfolio (the “Portfolio”), a series of ING Variable Portfolios, Inc., in the amount of 0.15% per annum as if the investment management fee specified in the Agreement were 0.40%. By this letter, we agree to waive that fee for the period from November 30, 2011 through and including May 1, 2014.
November 30, 2011 Todd Modic Senior Vice President ING Investments Distributor, LLC Scottsdale, AZ 85258 Dear Mr. Modic:Distribution Agreement • November 28th, 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 Emerging Markets Index Portfolio, a newly established Series of ING Variable Portfolios, Inc. (the “Portfolio”), effective on November 30, 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.
November 30, 2011 Todd Modic Senior Vice President ING Funds Services, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:Administration Agreement • November 28th, 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 Emerging Markets Index Portfolio, a newly established series of ING Variable Portfolios, Inc. (the “Portfolio”), effective on November 30, 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.
November 30, 2011 Todd Modic Senior Vice President ING Investments, LLC Suite 100 Scottsdale, AZ 85258Ing Variable Portfolios Inc • November 28th, 2011
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 Emerging Markets Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on November 30, 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.
April 29, 2011 Robert Connolly Managing Director and General Counsel BlackRock Advisors, LLC c/o BlackRock Inc. New York, NY 10022 Dear Mr. Connolly:Ing Variable Portfolios Inc • November 28th, 2011
Pursuant to Section 1 of the Sub-Advisory Agreement dated February 2, 2007, as amended, between ING Investments, LLC and BlackRock Advisors, LLC, (the “Agreement”), we hereby notify you of our intention to modify the annual sub-adviser fee for ING BlackRock Science and Technology Opportunities Portfolio (the “Portfolio”) by aggregating the assets of the Portfolio with the assets of ING BlackRock Health Sciences Opportunities Portfolio, formerly, ING Wells Fargo Health Care Portfolio, a series of ING Investors Trust, effective April 29, 2011. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Portfolio, is attached hereto.
November 30, 2011 Christopher Kurtz Vice President, Finance ING Investment Management Co. One Orange Way, C1-N Hartford, CT 06095 Dear Mr. Kurtz:Ing Variable Portfolios Inc • November 28th, 2011
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 Emerging Markets Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on November 30, 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 sub-advisory fee indicated for the Portfolio, is attached hereto.
November 30, 2011 ING Variable Portfolios, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:Ing Variable Portfolios Inc • November 28th, 2011
By this letter dated November 30, 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 Emerging Markets 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 November 30, 2011 through and including May 1, 2014.
November 30, 2011 Todd Modic Senior Vice President ING Investments, LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:Ing Variable Portfolios Inc • November 28th, 2011
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 November 30, 2011, ING Investments has agreed to pay ING IM an annual sub-advisory fee of 0.2475% as a percentage of average daily net assets of ING Emerging Markets Index Portfolio (the “Portfolio”). By this letter dated November 30, 2011, ING IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:
November 30, 2011 Attention: President BNY Mellon Investment Servicing (US) Inc. Wilmington, Delaware 19809 Dear Sir or Madam:Ing Variable Portfolios Inc • November 28th, 2011
Pursuant to the Transfer Agency Services Agreement dated February 25, 2009, between ING Variable Portfolios, Inc. and BNY Mellon Investment Servicing (US) Inc., formerly, PNC Global Investment Servicing (U.S.) Inc. (the “Agreement”), we hereby notify you of our intention to retain you as Transfer Agent and Dividend Disbursing Agent to render such services to ING Emerging Markets Index Portfolio (the “Portfolio”), a newly established series of ING Variable Portfolios, Inc., effective on November 30, 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 Exhibit A of the Agreement. This Amended Exhibit A supersedes the previous Amended Exhibit A dated February 28, 2011.
November 30, 2011 Ms. Katherine Dinella Vice President The Bank of New York Mellon - Securities Lending New York, NY 10166 Dear Ms. Dinella:Agreement • November 28th, 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 Emerging Markets 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 September 30, 2011, and is attached hereto.
