January 1, 2007
Exhibit 99.B(m)(3)(iii)
January 1, 2007
ING Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Scottsdale, Arizona 85258-2034
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement, intending to be legally bound hereby, ING Funds Distributor, LLC (the “Distributor”) agrees to waive, from January 1, 2007 through April 30, 2009, a portion of its shareholder service fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of ING Xxxxxxxxx Xxxxxx Partners Portfolio, a series of ING Partners, Inc., shall be as follows:
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Name of Fund |
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Maximum Operating Expense Ratios |
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Service Class |
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ING Xxxxxxxxx Xxxxxx Partners Portfolio |
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0.89 |
% |
The Distributor acknowledges that: (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future; and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.
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ING Funds Distributor, LLC |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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Accepted: |
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By: |
/s/ Xxxxxx X. Xxxx |
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Xxxxxx X. Xxxx |
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Executive Vice President |
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ING Partners, Inc. |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
Tel: 000-000-0000 |
ING Financial Advisers, LLC |
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Scottsdale, AZ 00000-0000 |
Fax: 000-000-0000 |
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xxx.xxxxxxxx.xxx |
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