EX-99. 12 f3993d12.htm EX-99. (D)(2)(I) PDFtoHTML Conversion Output

Exhibit (d)(2)(i)

May 1, 2020

Todd Modic

Senior Vice President

Voya Investments, LLC

7337 E. Doubletree Ranch Rd.

Suite 100

Scottsdale, AZ 85258

Dear Mr. Modic:

Voya Investments, LLC ("Voya Investments") and Voya Investment Management Co. LLC ("Voya IM") are parties to a Sub-Advisory Agreement dated November 18, 2014 (the "Agreement"), and pursuant to the Agreement, Voya Investments has agreed to pay Voya IM an annual sub-advisory fee of 0.2700% as a percentage of average daily net assets of Voya Euro STOXX 50® Index Portfolio, Voya FTSE 100 Index® Portfolio, and Voya Japan TOPIX Index® Portfolio and an annual sub-advisory fee of 0.2475% as a percentage of average daily net assets of Voya Emerging Markets Index Portfolio, each a series of Voya Variable Portfolios, Inc. (each, a "Portfolio"). By this letter dated May 1, 2020, Voya IM voluntarily waives a portion of the annual sub-advisory fee that it is entitled to receive as follows:

Voya IM will waive a portion of the sub-advisory fee payable by Voya Investments from May 1, 2020 through May 1, 2021 for each Portfolio, as indicated in the schedule set out below.

 

Annual Sub-Advisory Fee

Series

Gross

Waiver

Net

Voya Emerging Markets Index Portfolio

0.2475%

0.0675%

0.1800%

Voya Euro STOXX 50® Index Portfolio

0.2700%

0.1125%

0.1575%

Voya FTSE 100 Index® Portfolio

0.2700%

0.1125%

0.1575%

Voya Japan TOPIX Index® Portfolio

0.2700%

0.1125%

0.1575%

Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.

Please acknowledge your acceptance of this fee waiver by executing below in the place indicated.

May 1, 2020

Page 2

Very sincerely,

By: /s/ Christopher Kurtz_________

Christopher Kurtz

Vice President, Finance

Voya Investment Management Co. LLC

ACCEPTED AND AGREED TO:

Voya Investments, LLC

By: /s/ Todd Modic________________

Todd Modic

Senior Vice President