EX-2 5 ex24b836lordabbettamend1.htm EXHIBIT 24(B)(8.36) AMEND 1 TO LORD ABBETT SSA ex24b836lordabbettamend1.htm - Generated by SEC Publisher for SEC Filing
Exhibit 24(b)(8.36)
Amendment No. 1 to the Selling and Services Agreement
by and among
ING Financial Advisers, LLC
ING Life Insurance and Annuity Company
Lord Abbett Distributor LLC, Lord, Abbett & Co.
and Lord Abbett Funds
 
 
This Amendment No. 1 to the Selling and Services Agreement is entered into 
as of July 25, 2002, by and among ING Financial Advisers, LLC, formerly known as 
Aetna Investment Services, LLC (“ING Financial”), ING Life Insurance and Annuity, 
formerly known as Aetna Life Insurance and Annuity Company (“ING Life” and 
collectively with ING Financial, “ING”), Lord Abbett Distributor LLC (“Distributor”), 
Lord, Abbett & Co. LLC (the “Adviser”), Lord Abbett Affiliated Fund, Inc., Lord Abbett 
Bond-Debenture Fund, Inc. and Lord Abbett Mid-Cap Value Fund, Inc. (sometimes 
referred to collectively herein as the “Funds”). 
 
WHEREAS, ING, Distributor and the Funds have entered into a Selling and 
Services Agreement dated as of March 1, 2001 (the “Selling and Services Agreement”) 
under which shares of the Funds may be offered to Plans for which ING Life provides 
recordkeeping and other administrative services; and 
 
WHEREAS, ING Financial has entered into a Bundled Investment Product and 
Services Provider Agreement (“Bundled Provider Agreement”) with the Florida State 
Board of Administration (“FSBA”), whereby ING Financial will act as a “Bundled 
Investment Provider” to make available certain share classes of the Funds as set forth in 
Section 1(b) this Amendment No. 1 to the State of Florida’s Public Employee Optional 
Retirement Program, a defined contribution pension plan (the “PEORP”); and 
 
WHEREAS, the Adviser, which serves as the investment adviser and manager of 
the Funds, desires to provide certain additional compensation to ING for providing 
administration services to the Funds from the Adviser’s own funds, derived from its bona 
fide profits, rather than request that the Funds bear any additional costs of such 
compensation; 
 
WHEREAS, in order to effectuate the terms and conditions of the foregoing 
paragraph, the parties acknowledge the need to add the Adviser as an additional party to 
the Selling and Services Agreement solely for the purposes of Section 1(d) of this 
Amendment No. 1 to the Selling and Services Agreement; and 
 
WHEREAS, the parties now desire to amend the Selling and Services Agreement 
to provide for additional provisions relating specifically to investments in the Funds by or 
on behalf of the PEORP; and 
 
WHEREAS, unless otherwise defined herein, capitalized terms used herein have 
the same meaning as in the Selling and Services Agreement; and 

 



NOW, THEREFORE, in consideration of the premises and mutual covenants 
and promises expressed herein, and pursuant to Section 14(a) of the Selling and Services 
Agreement, the parties agree to amend the Selling and Services Agreement as follows: 
 
1. Notwithstanding anything in the Selling and Services Agreement to the 
      contrary, the following provisions apply solely with respect to investments in 
   the Funds by or on behalf of the PEORP:   
 
(a) ING may hire or make arrangements for subcontractors, agents or 
affiliates to perform the recordkeeping and administrative services set 
forth in the Selling and Services Agreement. ING shall provide the Funds, 
Distributor and Adviser with written notice of the names of any 
subcontractors, agents or affiliates ING hires or arranges to perform such 
recordkeeping and administrative services, and any specific operational 
requirements that arise as a result of such arrangement. ING agrees that it 
is and will be responsible for the acts and omissions of its subcontractors, 
affiliates, and agents and that the indemnification provided by ING in 
Section 11 of the Selling and Services Agreement shall be deemed to 
cover the acts and omissions of such subcontractors, affiliates, and agents 
to the same extent as if they were the acts or omissions of ING. 
 
(b) The following are the Funds and share classes thereof which may be 
     offered to PEORP though ING pursuant to the Selling and Services 
     Agreement:   
 
FUNDS  SHARE CLASS 
Lord Abbett Affiliated Fund, Inc.  Class A 
Lord Abbett Bond Debenture Fund, Inc.  Class A 
Lord Abbett Mid Cap Value Fund, Inc.  Class Y 
 
(c) The Funds shall pay the following Administrative Service Fees to ING 
         Life with respect to investments in the Funds by the PEORP:
 
FUNDS and SHARE CLASSES  FEE RATE 
Lord Abbett Affiliated Fund, Inc. - Class A  ____% 
Lord Abbett Bond Debenture Fund, Inc. - Class A  ____% 
Lord Abbett Mid Cap Value Fund, Inc. - Class Y  ____% 
 
(d) The Adviser shall pay the following Administrative Service Fees to ING 
         Life with respect to investments in the Funds by the PEORP:
 
FUNDS and SHARE CLASSES  FEE RATE 
Lord Abbett Affiliated Fund, Inc. - Class A  ____% 
 
 
 
 
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  (e) Except with respect to the Administrative Services Fee rates set forth 
  above, the Administrative Service Fee shall be calculated and paid in the 
  manner as set forth in the Selling and Services Agreement. In addition, 
  any applicable Servicing Fees under the Selling and Services Agreement 
  shall apply to investments in the Funds by or on behalf of the PEORP. 
 
  2. In the event of any inconsistencies between the Selling and Services 
  Agreement and this Amendment No. 1, the terms of this Amendment No. 1 
  shall govern. 
 
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 as of the 
date first written above. 
 
ING FINANCIAL ADVISERS, LLC 
 
By  /s/ Christina Lareau 
Name  Christina Lareau 
Title  Vice President 
 
ING LIFE INSURANCE AND ANNUITY COMPANY 
 
By  /s/ Laurie M. Tillinghast 
Name  Laurie M. Tillinghast 
Title  Vice President 
 
LORD ABBETT DISTRIBUTOR LLC 
By: Lord, Abbett & Co., its Managing Member 
 
By  /s/ Lawrence H. Kaplan 
Name  Lawrence H. Kaplan 
Title  Partner 
 
LORD ABBETT AFFILIATED FUND, INC. 
LORD ABBETT BOND-DEBENTURE FUND, INC. 
LORD ABBETT MID-CAP VALUE FUND, INC. 
 
By  /s/ Lawrence H. Kaplan 
Name  Lawrence H. Kaplan 
Title  Vice President 
 
LORD, ABBETT & CO. 
 
By  /s/ Lawrence H. Kaplan 
Name  Lawrence H. Kaplan 
Title  Partner 
 
 
 
 
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