EX-24 7 ex24b84aberdeenamd3.htm EXHIBIT 24(B)(8.4) AMEND 3 TO ABERDEEN SSA-FPA ex24b84aberdeenamd3.htm - Generated by SEC Publisher for SEC Filing

 

Exhibit 24(b)(8.4)

THIRD AMENDMENT TO THE

SELLING AND SERVICES AGREEMENT

AND

FUND PARTICIPATION AGREEMENT

 

THIS THIRD AMENDMENT (the “Amendment”), made as of May, 17, 2012, amends the  Selling and Services Agreement and Fund Participation Agreement dated December 1, 2009, as amended, (the “Agreement”) by and between ING Life Insurance and Annuity Company (“ING Life”), ING Institutional Plan Services, LLC, (“ING Institutional”) and ING Financial Advisers, LLC (“ING Financial”) (collectively, “ING”), and Aberdeen Fund Distributors LLC (“Distributor”) on behalf of each individual series of Aberdeen Funds (each a “Fund” and collectively, the “Funds”). All capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

WHEREAS, the parties desire to amend the Agreement to provide for the payment to ING of the Servicing Fees and 12b-1 Fees as described herein.

 

NOW THEREFORE, ING and Distributor hereby agree to amend the Agreement as follows:

 

  1. Schedule A of the Agreement is hereby deleted in its entirety and replaced with a revised Schedule A, effective May 17, 2012, as attached hereto,

 

Except as provided herein, the terms and conditions contained in the Agreement, as amended, shall remain in full force and effect.  In the event of a conflict between the provisions of the Agreement and those of this Amendment, this Amendment shall control.  This Amendment may be signed in counterparts.

 

 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment by their duly authorized officers as of the date set forth above.

 

Aberdeen Fund Distributors LLC

 

By:

/s/ Jeffrey Cotton

Name: Jeffrey Cotton

Title: CCO

 

ABERDEEN FUNDS

 

By:

/s/ Lucia Sitar

Name: Lucia Sitar

Title: Vice President

 

ING Life Insurance and Annuity Company

 

By:

/s/ Michelle Sheiowitz

Name: Michelle Sheiowitz

Title: VP

 

ING Institutional Plan Services, LLC

 

By:

/s/ Michelle Sheiowitz

Name: Michelle Sheiowitz

Title: VP

 

ING Financial Advisers, LLC

 

By:

/s/ David Kelsey

Name: David Kelsey

Title: COO/Vice President

 

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Schedule A

as of May 17, 2012

 

Servicing Fees and 12b-1 Fees

 

All series under the Aberdeen Funds are available for investment under this Agreement.  For services rendered by ING under the Agreement with respect to Plan assets invested in the following Funds, Distributor and/or the Funds shall pay the following fees to ING:

 

 

Share Class

Administrative Service Fee

12b-1 Fee

Total Fee

Class A

%

%

%

Class C

N/A

%

%

Class D

%

N/A

%

Class R

%

%

%

Institutional Service Class Shares

%

N/A

%

Institutional Class Shares

N/A

N/A

%

 

Distributor will pay the above 12b-1 fees pursuant to the 12b-1 Plan entered into between the Distributor and Aberdeen Funds.

 

Aberdeen Funds will pay the Administrative Service Fee.

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