0001193125-14-162888 Sample Contracts

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EXPENSE LIMITATION AGREEMENT ING VARIABLE FUNDS
Expense Limitation Agreement • April 28th, 2014 • Voya VARIABLE FUNDS

This EXPENSE LIMITATION AGREEMENT (this “Agreement”), effective January 1, 2014, by and between ING Investments, LLC (the “Investment Manager”) and ING Variable Funds (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.

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