EX-99.D.17.I 11 dex99d17i.htm SIDE AGREEMENT DATED MARCH 1, 2010 TO THE EXPENSE LIMITATION AGREEMENT Side Agreement dated March 1, 2010 to the Expense Limitation Agreement

Exhibit 99.B(d)(17)(i)

LOGO

March 1, 2010

ING Mutual Funds

7337 East Doubletree Ranch Road

Scottsdale, AZ 85258-2034

 

Re: Voluntary Expense Limitations

Ladies and Gentlemen:

Pursuant to our letter agreement dated March 1, 2006, with regard to ING Foreign Fund, we have waived or lowered the investment management fee in accordance with the Expense Limitation Agreement between ING Investments, LLC and ING Mutual Funds, dated September 23, 2002, as restated August 1, 2003, and further amended and restated February 1, 2005, for the period from March 1, 2006 through March 1, 2008 as if the Maximum Operating Expense Limits specified in Schedule A of the Expense Limitation Agreement were as follows:

 

Maximum Operating Expense Limit

(as a percentage of average net assets)

Class A

  

Class B

  

Class C

  

Class I

1.70%

   2.45%    2.45%    1.35%

We are willing to be bound by this Agreement to lower our fee for the period from March 1, 2010 through and including March 1, 2011. The method of computation to determine the amount of the fee waiver and the definitions as set forth in the Expense Limitation Agreement shall apply. This Agreement shall terminate upon termination of the Expense Limitation Agreement.

 

Sincerely,

/s/ Todd Modic

Todd Modic
Senior Vice President

 

7337 East Doubletree Ranch Road    Tel: 480.477.3000    ING Investments, LLC
Scottsdale, AZ 85258-2034    Fax: 480.477.2700   
   www.ingfunds.com