(d)(1)(i)
AMENDMENT TO SECOND AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
ING EQUITY TRUST
This Amendment, effective as of December 15, 2006, amends the Second Amended
and Restated Investment Management Agreement (the "Agreement") dated the 1/st/
day of February 2005, between ING Investments, LLC, an Arizona limited
liability company (the "Adviser") and ING Equity Trust, a Massachusetts
business trust (the "Trust").
W I T N E S S E T H
WHEREAS, the parties desire to amend the Agreement and agree that the
amendment will be effective as of December 15, 2006.
NOW, THEREFORE, the parties agree as follows:
1. Section 11 is hereby deleted in its entirety and replaced with the
following:
11. With respect to each Series identified as a Series on Schedule A
hereto as in effect on the date of this Amendment, unless earlier terminated
with respect to any Series this Agreement shall continue in full force and
effect through November 30, 2007. Thereafter, unless earlier terminated with
respect to a Series, the Agreement shall continue in full force and effect
with respect to each such Series for periods of one year, provided that such
continuance is specifically approved at least annually by (i) the vote of a
majority of the Board of Trustees of the Fund, or (ii) the vote of a
majority of the outstanding voting shares of the Series (as defined in the
1940 Act), and provided that such continuance is also approved by the vote
of a majority of the Board of Trustees of the Fund who are not parties to
this Agreement or "interested persons" (as defined in the 0000 Xxx) of the
Fund or the Manager, cast in person at a meeting called for the purpose of
voting on such approval.
With respect to any Series that was added to Schedule A hereto as a
Series after the date of this Amendment, the Agreement shall become
effective on the later of (i) the date Schedule A is amended to reflect the
addition of such Series as a Series under the Agreement or (ii) the date
upon which the shares of the Series are first sold to the public, subject to
the condition that the Fund's Board of Trustees, including a majority of
those Trustees who are not interested persons (as such term is defined in
the 0000 Xxx) of the Manager, and the shareholders of such Series, shall
have approved this Agreement. Unless terminated earlier as provided herein
with respect to any such Series, the Agreement shall continue in full force
and effect for a period of two years from the date of its effectiveness (as
identified above) with respect to that Series. Thereafter, unless earlier
terminated with respect to a Series, the Agreement shall continue in full
force and effect with respect to each such Series for periods of one year,
provided that such continuance is specifically approved at least annually by
(i) the vote of a majority of the Board of Trustees of the Fund, or
(ii) vote of a majority of the outstanding voting shares
of such Series (as defined in the 1940 Act), and provided that such
continuance is also approved by the vote of a majority of the Board of
Trustees of the Fund who are not parties to this Agreement or "interested
persons" (as defined in the 0000 Xxx) of the Fund or the Manager, cast in
person at a meeting called for the purpose of voting on such approval.
2. Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
3. In all other respects, the Agreement is hereby confirmed and remains in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the day and year first above written.
ING INVESTMENTS, LLC
By: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
Senior Vice President
ING EQUITY TRUST
By: /s/ Xxxxxx X. Naka
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Xxxxxx X. Naka
Executive Vice President
