0001193125-14-162557 Sample Contracts

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EXPENSE LIMITATION AGREEMENT ING INTERMEDIATE BOND PORTFOLIO
Expense Limitation Agreement • April 28th, 2014 • Voya INTERMEDIATE BOND PORTFOLIO

This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective the close of business on the 14th day of March, 2014, by and between ING Investments, LLC (the “Investment Manager”) and ING Intermediate Bond Portfolio (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.

March 21, 2014 Mr. Todd Modic ING Investments LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:
Investment Management Agreement • April 28th, 2014 • Voya INTERMEDIATE BOND PORTFOLIO

Pursuant to the Investment Management Agreement, dated May 7, 2013, as amended, between ING Intermediate Bond Portfolio and ING Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the breakpoints to the annual investment management fee for ING Intermediate Bond Portfolio (the “Portfolio”), effective the close of business on March 21, 2014.

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