March 7, 2013
Exhibit (h)(1)(ii)
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March 7, 2013
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Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated March 7, 2013, we have agreed to waive the administrative fee payable to us under the Administration Agreement, dated May 16, 2007, as amended and restated on November 30, 2008, and as further amended and restated on March 7, 2013, as amended, between ING Separate Portfolios Trust and ING Funds Services, LLC (the “Agreement”), with respect to ING Emerging Markets Corporate Debt Fund, ING Emerging Markets Hard Currency Debt Fund, and ING Emerging Markets Local Currency Debt Fund (collectively, the “Funds”), each a series of ING Separate Portfolios Trust, in the amount of 0.10% per annum. By this letter, we agree to waive that fee for the period from March 7, 2013 through August 1, 2014 (the “Waiver Period”).
ING Funds Services, LLC acknowledges that any fees waived during the Waiver Period pursuant to this letter shall not be eligible for recoupment at any time in the future.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely,
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Senior Vice President
ING Funds Services, LLC
Agreed and Accepted:
(on behalf of the Funds)
By:
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Senior Vice President
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. Suite 100 Scottsdale, AZ ▇▇▇▇▇-▇▇▇▇ | Tel: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ | ING Funds Services, LLC |