AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT VOYA VARIABLE FUNDSInvestment Management Agreement • February 16th, 2016 • Voya VARIABLE FUNDS • New York
January 1, 2016 Mr. Todd Modic Senior Vice President Voya Investments, LLC Suite 100 Scottsdale, AZ 85258Investment Management Agreement • February 16th, 2016 • Voya VARIABLE FUNDS
Pursuant to the Amended and Restated Investment Management Agreement, dated May 1, 2015, as amended, between Voya Variable Funds and Voya Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the breakpoints to the annual management fee for Voya Growth and Income Portfolio (the “Portfolio”), effective on January 1, 2016, upon all of the terms and conditions set forth in the Agreement.
