SELLING AND SERVICES AGREEMENT AND FUND PARTICIPATION AGREEMENT THIS AGREEMENT is made and entered into as of this 5th day of November, 2010 by and between ING Life Insurance and Annuity Company (“ING Life”), ING Institutional Plan Services, LLC (“ING...


Exhibit 24(b)(8.45)
SELLING AND SERVICES AGREEMENT
AND
FUND PARTICIPATION AGREEMENT


	THIS AGREEMENT is made and entered into as of this 5^thday of November, 2010 by and
between ING Life Insurance and Annuity Company (“ING Life”), ING Institutional Plan
Services, LLC (“ING Institutional”), ING Financial Advisers, LLC (“ING Financial”)
(collectively, “ING”), Xxxxx & Steers Securities, LLC (“Distributor”), acting as agent for the
registered open-end management investment companies whose shares are or may be
underwritten by Distributor (each a “Fund” or collectively the “Funds”) and Xxxxx & Steers
Capital Management, Inc. (the “Advisor”), investment advisor to the Funds.

	WHEREAS, Distributor acts as principal underwriter for the Funds; and

	WHEREAS, the Advisor is solely a party to this agreement for purposes of Schedule A
only; and

	WHEREAS, ING Life is an insurance company that issues annuity contracts to, and/or
provides various recordkeeping and other administrative services to, certain plans under Sections
401, 403(b), 457 or 408 of the Internal Revenue Code of 1986, as amended (“Tax Code”), certain
nonqualified deferred compensation arrangements, and custodial accounts under Section 403(b)
(7) or 408 of the Tax Code (collectively, “Plans”); and

	WHEREAS, ING Institutional is a limited liability company that provides various
recordkeeping and other administrative services to certain Plans; and

	WHEREAS, such Plans may invest in the Funds directly, or alternatively, certain of such
Plans may invest in the Funds indirectly through annuity contracts and funding agreements
issued by ING Life (the “Contracts”); and

	WHEREAS, ING Life has established and may establish in the future separate accounts for
all of its annuity contracts and funding agreements (the “Separate Accounts”) to serve as an
investment vehicle for the Contracts; and

	WHEREAS, ING Life will provide various administrative and shareholder services in
connection with the investment by the Plans in the Funds or in the Contracts, and ING
Institutional will provide various administrative and shareholder services in connection with the
investment by the Plans in the Funds; and

	WHEREAS, ING Financial will distribute to Plans shares of the Funds or units of the
Separate Accounts that may in turn invest in the Funds;

	NOW, THEREFORE, it is agreed as follows:

1.	Investment of Plan Assets.

	(a) With respect to Plans that invest in the Funds directly, ING Financial represents
that it is authorized under the Plans to implement the investment of Plan assets in the name of an
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appropriately designated nominee of each Plan (“Nominee”) in shares of investment companies
or other investment vehicles specified by a sponsor, an investment adviser, an administrative
committee, or other fiduciary as designated by a Plan (“Plan Representative”) upon the direction
of a Plan participant or beneficiary (“Participant”). The parties acknowledge and agree that
selections of particular investment companies or other investment vehicles are made by Plan
Representatives or Participants, who may change their respective selections from time to time in
accordance with the terms of the Plan. As of the date of this Agreement, the parties acknowledge
that the Nominee shall be ING National Trust, an ING affiliate.

	(b) With respect to Plans that invest in the Funds indirectly through the Contracts, ING
Life represents that each of the Separate Accounts is a separate account under Connecticut
Insurance law and that it has registered or will register each of the Separate Accounts (except for
such Accounts for which no such registration is required) as a unit investment trust under the
Investment Company Act of 1940 (the “1940 Act”), to serve as an investment vehicle for the
Contracts. Each Contract provides for the allocation of net amounts received by ING Life to a
Separate Account for investment in the shares of one or more specified open-end management
investment companies available through that Separate Account as underlying investment media.
Selection of a particular investment management company and changes therein from time to time
are made by the contract owner or Participant, as applicable under a particular Contract.

2.	Omnibus Account.

	The parties agree that, with respect to each Fund, up to three omnibus accounts may be
maintained (the “Account” or collectively, the “Accounts”). For Plan assets directed for
investment directly in the Fund, one Account held in the name of the Nominee may be
maintained in connection with Plans for which ING Life shall provide various recordkeeping and
other administrative services, and a second Account held in the name of the Nominee may be
maintained in connection with Plans for which ING Institutional shall provide various
recordkeeping and other administrative services. Alternatively, one Account held in the name of
the Nominee may be maintained in connection with Plans for which both ING Life and ING
Institutional shall provide such recordkeeping and administrative services. An additional
Account held in the name of ING Life shall be maintained for those Plan assets directed for
investment in the Fund through the Contracts. ING Institutional, as service agent for Plans, or
ING Life, as service agent for Plans or issuer of the Contracts, shall facilitate purchase and sale
transactions with respect to the Accounts in accordance with the Agreement.

3.	Services to be Performed by ING.

	ING may be responsible for performing shareholder account servicing functions, which
shall include without limitation:

	(a)	making the Funds available under the Contracts or other arrangements offered by
		ING;

	(b)	assisting in processing customer purchase and redemption requests;

	(c)	answering customer inquiries regarding account status and history;

	(d)	assisting customers in designating and changing dividend options, account
		designations and addresses;
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	(e)	adopting and maintaining appropriate security measures for identifying
		customers;

	(f)	providing periodic statements showing a customer’s account balances and, to the
		extent practicable, integration of such information with other customer
		transactions otherwise effected with or through ING;

	(g)	furnishing (either separately or on an integrated basis with other reports sent to a
		customer by ING) statements and confirmations of all purchases and redemption
		requests as may be required by agreement between ING and the customers;

	(h)	processing customer purchase and redemption requests for shares and placing
		purchase and redemption instructions with the Funds’ transfer agent, including
		any designee thereof (“Transfer Agent”), in the manner described in Section 4
		hereof;

	(i)	providing subaccounting services and maintaining accurate subaccounting records
		regarding shares beneficially owned by customers;

	(j)	updating customer records to reflect dividend payments;

	(k)	transmitting proxy statements, annual and semi-annual reports, the Funds’ then
		current prospectuses (including summary prospectuses) (in each case, the
		“Prospectus”) and other communications from the Funds to customers as may be
		required by law and by agreement between ING and the customers; and

	(l)	providing such other related services upon which the Distributor and ING may
		mutually agree.

ING shall provide all personnel, facilities and equipment reasonably necessary in order for it to
perform the functions described in this paragraph with respect to its Customers. ING shall
exercise reasonable care in performing all such services.

4.	Pricing Information, Orders, Settlement.

	(a) Distributor will make shares available to be purchased by the Nominee or by ING Life,
as applicable, on behalf of the Accounts, at the net asset value applicable to each order; provided,
however, that the Plans or the Separate Accounts meet the criteria for purchasing shares of the
Funds at net asset value as described in the Funds’ prospectuses. Fund shares shall be purchased
and redeemed on a net basis for such Plans or such Separate Accounts in such quantity and at
such time determined by ING or the Nominee to correspond with investment instructions
received by ING from contract owners, Plan Representatives or Participants, provided, however,
that the Board of Directors of the Fund (hereinafter the “Directors”) may upon reasonable notice
to ING, refuse to sell shares of any Funds to any person, or suspend, or terminate the offering of
any shares of Funds if such action is required by law or by regulatory authorities having
jurisdiction or is, in the sole discretion of the Directors, acting in good faith and in the best
interests of the shareholders of the Fund shares and is acting in compliance with their fiduciary
obligations under federal and/or any applicable state laws.

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(b) Distributor agrees to furnish or cause to be furnished to ING Financial for each Fund:

(i) confirmed net asset value information as of the close of trading (normally 4:00 p.m., East

Coast time) on the New York Stock Exchange (“Close of Trading”) on each business day that the

New York Stock Exchange is open for business (“Business Day”) or at such other time as the net

asset value of a Fund is calculated as disclosed in the relevant then current prospectus(es) in a

format that includes the Fund’s name and the change from the last calculated net asset value, (ii)

dividend and capital gains information as it arises, and (iii) in the case of a fixed income fund,

the daily accrual or the distribution rate factor. Distributor shall use its best efforts to provide or

cause to be provided to ING Financial such information by 6:30 p.m. East Coast time, but no

later than 7:00 p.m., East Coast time. In the event the pricing information is not available by

7:00 p.m. East Coast Time, Distributor will communicate to ING the anticipated delivery time

for pricing.

receive from contract owners, Plan Representatives or Participants for acceptance as of the Close

of Trading on each Business Day orders for the purchase of shares of the Funds, exchange

orders, and redemption requests and redemption directions with respect to shares of the Funds

held by the Nominee or by ING Life on behalf of its Separate Accounts (“Instructions”). In

addition, ING Financial shall (i) transmit to Distributor such Instructions no later than 9:00 a.m.,

East Coast time on the next following Business Day, and (ii) upon acceptance of any such

Instructions, communicate such acceptance to the contract owners, Plan Representatives or Plan

Participants, as appropriate (“Confirmation”). The Business Day on which such Instructions are

received in proper form by ING Financial and time stamped by the Close of Trading will be the

date as of which Fund shares shall be deemed purchased, exchanged, or redeemed as a result of

such Instructions (“Trade Date”). Instructions received in proper form by ING Financial and

time stamped after the Close of Trading on any given Business Day shall be treated as if received

on the next following Business Day. ING Financial agrees that all Instructions received by ING

Financial, which will be transmitted to Distributor for processing as of a particular Business Day,

will have been received and time stamped prior to the Close of Trading on that Business Day.

(d) ING Financial will wire payment, or arrange for payment to be wired, for such

purchase orders, in immediately available funds, to a Fund custodial account or accounts

designated by Distributor, as soon as possible, but in any event no later than 4:00 p.m., East

Coast time on the Business Day after the Trade Date.

(e) Distributor or its designees will wire payment, or arrange for payment to be wired, for

redemption orders, in immediately available funds, to an account or accounts designated by ING

Financial, as soon as possible, but in any event no later than 4:00 p.m. East Coast time on the

Business Day after the Trade Date.

(f) In lieu of applicable provisions set forth in paragraphs 4(c) through 4(e) above, the

parties may agree to execute orders and wire payments for purchases and redemptions through

National Securities Clearing Corporation’s Fund/SERV System, in which case such activities

will be governed by the provisions set forth in Exhibit I to this Agreement. In addition, the

parties may also provide pricing information in accordance with Exhibit I.

(g) Upon Distributor’s request, ING shall provide copies of historical records relating to

transactions between the Funds and the contract owners, Plan Representatives or Participants


investing in such Funds, written communications regarding the Funds to or from such persons,
and other materials, in each case, as may reasonably be requested to enable Distributor or any
other designated entity, including without limitation, auditors, investment advisers, or transfer
agents of the Funds to monitor and review the services being provided under this Agreement, or
to comply with any request of a governmental body or self-regulatory organization or a
shareholder. ING also agrees that ING will permit Distributor or the Funds, or any duly
designated representative to have reasonable access to ING’s personnel and records in order to
facilitate the monitoring of the quality of the services being provided under this Agreement.

	(h) ING Financial shall assume responsibility as herein described for any loss to
Distributor or to a Fund caused by a cancellation or correction made to an Instruction by a
contract owner, Plan Representative or Participant subsequent to the date as of which such
Instruction has been received by ING Financial and originally relayed to Distributor, and ING
Financial will immediately pay such loss to Distributor or such Fund upon ING Financial’s
receipt of written notification, with supporting data.

	(i) Distributor shall indemnify and hold ING harmless, from the effective date of this
Agreement, against any amount ING is required to pay to contract owners, Plans, Plan
Representatives or Participants due to: (i) an incorrect calculation of a Fund’s daily net asset
value, dividend rate, or capital gains distribution rate or (ii) incorrect or late reporting of the daily
net asset value, dividend rate, or capital gain distribution rate of a Fund, upon written notification
by ING, with supporting data, to Distributor. In addition, the Fund or the Distributor shall be
liable to ING for systems and out of pocket costs incurred by ING in making a contract owner’s,
a Plan’s or a Participant’s account whole, if such costs or expenses are a result of the Fund’s
failure to provide timely or correct net asset values, dividend and capital gains or financial
information. If a mistake is caused in supplying such information or confirmations, which
results in a reconciliation with incorrect information, the amount required to make a contract
owner’s or a Plan’s or a Participant’s account whole shall be borne by the party providing the
incorrect information, regardless of when the error is corrected.

	(j) Each party shall notify the other of any errors or omissions in any information,
including a net asset value and distribution information set forth above, and interruptions in or
delay or unavailability of, the means of transmittal of any such information as promptly as
possible. ING Financial and Distributor agree to maintain reasonable errors and omissions
insurance coverage commensurate with each party’s respective responsibilities under this
Agreement.

5.	Servicing Fees.

	The provision of shareholder and administrative services to contract owners or to the Plans
shall be the responsibility of ING Financial, ING Life, ING Institutional or the Nominee and
shall not be the responsibility of Distributor. The Nominee, or ING Life on behalf of its Separate
Accounts, will be recognized as the sole shareholder of Fund shares purchased under this
Agreement. It is further recognized that there will be a substantial savings in administrative
expense and recordkeeping expenses by virtue of having one shareholder rather than multiple
shareholders. In consideration of the administrative savings resulting from such arrangement,
Distributor agrees to pay to ING Life or ING Institutional, as appropriate, a servicing fee, as
specified in Schedule A (attached), based on the average net assets invested in the Funds through
the Contracts or through ING Life’s or ING Institutional’s arrangements with Plans in each

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calendar quarter. The parties agree that all or a portion of such servicing fee may be derived
from a Fund’s 12b-1 plan. Upon receipt of an invoice from ING, Distributor will make such
payments to ING Life or ING Institutional within thirty (30) days after the end of each calendar
quarter. Each payment will be accompanied by a statement showing the calculation of the fee
payable to ING Life or ING Institutional for the quarter and such other supporting data as may
be reasonably requested by ING Life or ING Institutional. If required by a Plan or by applicable
law, ING Life or ING Institutional shall have the right to allocate to a Plan or to Participant
accounts in a Plan all or a portion of such servicing fees, or to use servicing fees it collects from
Distributor to offset other fees payable by the Plan to ING Life or ING Institutional.

	In addition, as set forth on Schedule A, affiliates of the Distributor and/or Funds may also
compensate ING for services that ING performs under this Agreement.

6.	12b-1 Fees.

	To compensate ING Financial for its distribution of Fund Shares or administrative services
related to Fund Shares, Distributor shall make quarterly payments to ING Financial, as specified
in Schedule A (attached), based on the average net assets invested in the Funds through the
Contracts or through ING Life’s or ING Institutional’s arrangements with Plans in each calendar
quarter. Distributor will make such payments to ING Financial within thirty (30) days after the
end of each calendar quarter. Each payment will be accompanied by a statement showing the
calculation of the fee payable to ING Financial for the quarter and such other supporting data as
may be reasonably requested by ING Financial. If required by a Plan or by applicable law, ING
Financial shall have the right to allocate to a Plan or to Participant accounts in a Plan all or a
portion of such 12b-1 fees, or to use 12b-1 fees it collects from Distributor to offset other fees
payable by the Plan to ING Financial.

7.	Expenses.

	Distributor shall make available for reimbursement all costs incurred by ING Life or ING
Institutional associated with proxies for the Fund, including proxy preparation, group
authorization letters, programming for tabulation and necessary materials (including postage).
Except as otherwise agreed in writing, ING shall bear all other expenses incidental to the
performance of the services described herein. Distributor shall, however, provide ING, or at
ING’s request, the Plan, with such sufficient copies of relevant prospectuses for all Participants
making an initial Fund purchase as well as relevant prospectuses, prospectus supplements and
periodic reports to shareholders, and other material as shall be reasonably requested by ING to
disseminate to Plan participants who purchase shares of the Funds.

8.	Termination.

This Agreement shall terminate as to the maintenance of the Account:

	(a) At the option of either ING Life, ING Institutional, ING Financial or Distributor
upon four (4) months advance written notice to the other parties;

	(b) At the option of ING Life, ING Institutional or ING Financial, if shares of the Funds
are not available for any reason to meet the investment requirements of the Contracts or the


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Plans; provided, however, that prompt advance notice of election to terminate shall be furnished
by the terminating entity;

	(c) At the option of either ING Financial or Distributor, upon institution of formal
disciplinary or investigative proceedings against ING Financial, Distributor or the Funds by the
Financial Industry Regulatory Authority (“FINRA”), the Securities and Exchange Commission
(“SEC”), or any other regulatory body;

	(d) At the option of Distributor, if Distributor shall reasonably determine in good faith
that shares of the Funds are not being offered in conformity with the terms of this Agreement;

	(e) At the option of ING, upon termination of the management agreement between the
Fund and its investment adviser; written notice of such termination shall be promptly furnished
to ING;

	(f) Upon the determination of ING Life to substitute for the Fund’s shares the shares of
another investment company in accordance with the terms of the applicable Contracts. ING Life
will give 60 days’ written notice to the Fund and the Distributor of any decision to replace the
Fund’s shares;

	(g) Upon assignment of this Agreement by any party, unless made with the written
consent of all other parties hereto; provided, however, that ING Financial, ING Life and ING
Institutional may assign, without consent of Distributor, their respective rights, duties and
responsibilities under this Agreement to any of their affiliates, and provided, further, that ING
Financial may enter into subcontracts with other dealers for the solicitation of sales of shares of
the Funds without the consent of Distributor; however, ING Financial retains liability associated
with and responsibility for such other dealers, or

	(h) If the Fund’s shares are not registered, issued or sold in conformance with federal
law or such law precludes the use of Fund shares as an investment vehicle for the Contracts or
the Plans; provided, however, that prompt notice shall be given by any party should such
situation occur.

9.	Continuation of Agreement.

	Termination as the result of any cause listed in Section 8 hereof shall not affect the
Funds’ respective obligations to continue to maintain the Account as an investment option for
Contracts then in force for which its shares serve or may serve as the underlying medium, or for
Plans electing to invest in the Funds prior to the termination of this Agreement. For avoidance of
doubt, the servicing fee will continue to be payable under the terms in Section 5 after the
termination, for as long as Fund assets are held through the Contracts or through ING Life’s or
ING Institutional’s arrangement with Plans.

10.	Advertising and Related Materials.

	(a) Advertising and literature with respect to the Funds prepared by ING Financial or the
Nominee or its agents for use in marketing shares of the Funds to contract owners or Plans
(except any material that simply lists the Funds’ names) shall be submitted to Distributor for
review and approval before such material is used with the general public or any contract owner,

7


Plan, Plan Representative, or Participant. Distributor shall advise the submitting party in writing
within seven (7) Business Days of receipt of such materials of its approval or disapproval of such
materials.

	(b) Distributor will provide to ING at least one complete copy of all prospectuses,
statements of additional information, annual and semiannual reports and proxy statements, other
related documents, and all amendments or supplements to any of the above documents that relate
to the Funds promptly after the filing of such document with the SEC or other regulatory
authorities. Distributor will also provide to ING an electronic copy of all prospectuses,
statements of additional information, annual and semiannual reports, and all amendments or
supplements suitable for posting on ING’s websites at our discretion.

	(c) Distributor will provide via Excel spreadsheet diskette format or in electronic
transmission to ING at least quarterly portfolio information necessary to update Fund profiles by
the twentieth business days following the end of each quarter.

11.	Proxy Voting.

	ING or the Nominee will distribute to contract owners, Plan Representatives or
Participants all proxy materials furnished by Distributor or its designees for the Funds. ING and
the Nominee shall not oppose or interfere with the solicitation of proxies for Fund shares held for
such beneficial owners.

12.	Indemnification.

	(a) ING agrees to indemnify and hold harmless the Funds, Distributor and each of their
directors, officers, employees, agents and each person, if any, who controls the Funds or their
investment adviser within the meaning of the Securities Act of 1933 (“1933 Act”) against any
losses, claims, damages or liabilities to which the Funds, Distributor or any such director, officer,
employee, agent, or controlling person may become subject, insofar as such losses, claims,
damages, or liabilities (or actions in respect thereof) (i) arise out of, or are based upon, the
provision of administrative services by ING Life or ING Institutional under this Agreement, or
(ii) result from a breach of a material provision of this Agreement. ING will reimburse any legal
or other expenses reasonably incurred by Distributor or any such director, officer, employee,
agent, or controlling person in connection with investigating or defending any such loss, claim,
damage, liability or action; provided, however, that ING will not be liable for indemnification
hereunder to the extent that any such loss, claim, damage, liability or action arises out of or is
based upon the gross negligence or willful misconduct of Distributor or any such director,
officer, employee, agent or any controlling person herein defined in performing their obligations
under this Agreement.

	(b) Distributor agrees to indemnify and hold harmless each of ING Financial, ING Life
and ING Institutional, the Nominee and each of their directors, officers, employees, agents and
each person, if any, who controls ING Financial, ING Life, ING Institutional and the Nominee
within the meaning of the 1933 Act against any losses, claims, damages or liabilities to which
ING Financial, ING Life, ING Institutional, the Nominee, or any such director, officer,
employee, agent or controlling person may become subject, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) (i) arise out of or are based upon any untrue
statement of any material fact contained in the registration statement, prospectus or sales

8


literature of the Funds or arise out of, or are based upon, the omission or the alleged omission to
state a material fact that is necessary to make the statements therein not misleading or (ii) result
from a breach of a material provision of this Agreement. Distributor will reimburse any legal or
other expenses reasonably incurred by ING Financial, ING Life, ING Institutional, the Nominee,
or any such director, officer, employee, agent, or controlling person in connection with
investigating or defending any such loss, claim, damage, liability or action; provided, however,
that Distributor will not be liable for indemnification hereunder to the extent that any such loss,
claim, damage or liability arises out of, or is based upon, the gross negligence or willful
misconduct of ING Financial, ING Life, ING Institutional, the Nominee or their respective
directors, officers, employees, agents, or any controlling person herein defined in the
performance of their obligations under this Agreement.

	(c) Promptly after receipt by an indemnified party hereunder of notice of the
commencement of action, such indemnified party will, if a claim in respect thereof is to be made
against the indemnifying party hereunder, notify the indemnifying party of the commencement
thereof, but the omission so to notify the indemnifying party will not relieve it from any liability
that it may have to any indemnified party otherwise than under this Section 12. In case any such
action is brought against any indemnified party, and it notifies the indemnifying party of the
commencement thereof, the indemnifying party will be entitled to participate therein and, to the
extent that it may wish to, assume the defense thereof, with counsel satisfactory to such
indemnified party, and after notice from the indemnifying party to such indemnified party of its
election to assume the defense thereof, the indemnifying party will not be liable to such
indemnified party under this Section 12 for any legal or other expenses subsequently incurred by
such indemnified party in connection with the defense thereof other than reasonable costs of
investigation.

This section shall survive after termination of this agreement.

13.	Representations and Warranties.

	(a) Representations of ING Life. ING Life represents and warrants:

	(i) that it (1) is a life insurance company organized under the laws of the State of
	Connecticut, (2) is in good standing in that jurisdiction, (3) is in material compliance with
	all applicable federal and state insurance laws, (4) is duly licensed and authorized to
	conduct business in every jurisdiction where such license or authorization is required, and
	will maintain such license or authorization in effect at all times during the term of this
	Agreement, and (5) has full authority to enter into this Agreement and carry out its
	obligations pursuant to it terms; and

	(ii) that it is authorized under the Plans to (1) provide administrative services to
	the Plans and (2) facilitate transactions in the Fund through the Account.

	(b) Representations of ING Institutional. ING Institutional represents and warrants:

	(i) that it (1) is a limited liability company organized under the laws of the State
	of Delaware, (2) is in good standing in that jurisdiction, (3) is in material compliance
	with all applicable federal and state laws, (4) is duly licensed and authorized to conduct
	business in every jurisdiction where such license or authorization is required, and will

9

maintain such license or authorization in effect at all times during the term of this

Agreement, and (5) has full authority to enter into this Agreement and carry out its

obligations pursuant to it terms; and

(ii) that it is authorized under the Plans to (1) provide administrative services to

the Plans and (2) facilitate transactions in the Fund through the Account.

(i) that it (1) is a member in good standing of the FINRA, (2) is registered as a

broker-dealer with the SEC, and (3) will continue to remain in good standing and be so

registered during the term of this Agreement;

(ii) that it (1) is a limited liability company duly organized under the laws of the

State of Delaware, (2) is in good standing in that jurisdiction, (3) is in material

compliance with all applicable federal, state and securities laws, (4) is duly registered and

authorized to conduct business in every jurisdiction where such registration or

authorization is required, and will maintain such registration or authorization in effect at

all times during the term of this Agreement, and (5) has full authority to enter into this

Agreement and carry out its obligations pursuant to the terms of this Agreement;

(iii) that it is authorized under the Plans to make available investments of Plan

assets in the name of the Nominee of each Plan or in the name of ING Life in shares of

investment companies or other investment vehicles specified by Plan Representatives or

Participants; and

(iv) that it will not, without the written consent of Distributor, make

representations concerning shares of the Funds except those contained in the then-current

prospectus and in the current printed sales literature approved by either the Fund or

Distributor.

(d) Representations of Distributor. Distributor represents and warrants:

(i) that the Funds (1) are duly organized under the laws of the various states, (2)

are in good standing in such jurisdictions. (3) are in material compliance with all

applicable federal, state and securities laws, and (4) are duly licensed and authorized to

conduct business in every jurisdiction where such license or authorization is required;

(ii) that the shares of the Funds are registered under the 1933 Act, duly authorized

for issuance and sold in compliance with the laws of the States and all applicable federal,

state, and securities laws; that the Funds amend their registration statements under the

1933 Act and the 1940 Act from time to time as required or in order to effect the

continuous offering of its shares; and that the Funds have registered and qualified its

shares for sale in accordance with the laws of each jurisdiction where it is required to do

so;

(iii) that the Funds are currently qualified as regulated investment companies

under Subchapter M of the Internal Revenue Code of 1986, as amended, and will make

every effort to maintain such qualification, and that Distributor will notify ING Financial,


	ING Life and ING Institutional immediately upon having a reasonable basis for believing
	that any of the Funds have ceased to so qualify or that any might not qualify in the future;

	(iv) that Distributor (1) is a member in good standing of the FINRA, (2) is
	registered as a broker-dealer with the SEC, and (3) will continue to remain in good
	standing and be so registered during the term of this Agreement; and

	(v) that Distributor (1) is a limited liability company duly organized under the
	laws of the State of Delaware (2) is in good standing in that jurisdiction, (3) is in material
	compliance with all applicable federal, state, and securities laws, (4) is duly registered
	and authorized in every jurisdiction where such license or registration is required, and
	will maintain such registration or authorization in effect at all times during the term of
	this Agreement, and (5) has full authority to enter into this Agreement and carry out its
	obligations pursuant to the terms of this Agreement

14.	Governing Law.

	This Agreement and all the rights and obligations of the parties shall be governed by and
construed under the laws of the State of New York to the extent such law is not superseded by
federal law without giving effect to the principles of conflicts of laws and the provisions shall be
continuous.

15.	Miscellaneous.

	(a) Amendment and Waiver. Neither this Agreement nor any provision hereof may be
amended, waived, discharged or terminated orally, but only by an instrument in writing signed
by all parties hereto.

	(b) Anti-Money Laundering. ING has adopted and implemented compliance policies and
procedures to comply with all money laundering and currency transaction reporting laws,
regulations, requirements and guidance applicable to the Funds or to ING (if applicable, as
record holder of shares for which ING maintains information regarding beneficial owners of
shares), including those relating to client identification and verification; monitoring for Specially
Designated Nationals and Blocked Persons named on the U.S. Treasury Department's Office of
Foreign Assets Control list or other similar governmental lists; suspicious activity reporting; and
recordkeeping requirements (collectively, "AML Requirements"), and with any “money
laundering” guidelines as may be provided by, or agreed with, Distributor or the Funds. ING
will ensure the ability of federal examiners to obtain information and records relating to AML
Requirements and the ability of Distributor and the Funds or their agents to inspect ING’s
records and facilities regarding compliance with AML Requirements. ING agrees to share
information with Distributor and the Funds for purposes of ascertaining whether a suspicious
activity report ("SAR") is warranted with respect to any suspicious transaction involving shares,
provided that neither Intermediary nor the Funds are the subject of the SAR. If ING is required
to maintain an anti-money laundering program, it has filed the requisite certification with the
Financial Crimes Enforcement Network to allow Intermediary to share information pursuant to
Section 314(b) of the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001.



11

prevent frequent purchases and redemptions of any Fund shares in quantities great enough to

disrupt orderly management of the corresponding Fund’s investment portfolio. ING Life and

ING Institutional have adopted their own excessive trading policy, which is attached as Exhibit

II (the “Policy”). ING does not monitor trading in fund shares on behalf of, or in accordance

with disclosed policies of, any fund groups; however, ING Life and ING Institutional monitor

individual Participant and Contract owner trading in accordance with its Policy. ING Life and

ING Institutional will use their best efforts, upon reasonable written request, and shall reasonably

cooperate with the Distributor and the Funds, and will execute any instructions from the

Distributor or the Funds to restrict or prohibit further purchases or exchanges of Fund shares by

an individual Participant or Contract owner who has been identified by the Distributor or the

Funds as having engaged in transactions in Fund shares that violate market timing policies

established by the Funds. The parties shall use their best efforts, and shall reasonably cooperate

with each other to prevent future market timing and frequent trading. Additionally, the parties

entered into, or will enter into, a separate shareholder information agreement, incorporating the

terms of the Policy. ING Life and ING Institutional agree to provide to the Funds certain

shareholder identity and transaction information upon the Fund’s request as provided by the

shareholder information agreement executed by both parties.

(d) Notices. All notices and other communications hereunder shall be given or made in

writing and shall be delivered personally, or sent by telex, facsimile, express delivery or

registered or certified mail, postage prepaid, return receipt requested, to the party or parties to

whom they are directed at the following address, or at such other addresses as may be designated

by notice from such party to all other parties.

To ING:

ING

Xxx Xxxxxx Xxx, X0X

Xxxxxxx, XX 00000-0000

Attention: Xxxxxxxxxx Xxxxxxx

Legal

To Distributor:

Xxxxx & Steers Securities, LLC

000 Xxxx Xxxxxx, 00^xxXxxxx

Xxx Xxxx, XX 00000

Attention: Chief Legal Officer

Any notice, demand or other communication given in a manner prescribed in this Subsection (d)

shall be deemed to have been delivered on receipt.

(e) Successors and Assigns. This Agreement shall be binding upon and inure to the

benefit of the parties hereto and their respective permitted successors and assigns.

(f) Counterparts. This Agreement may be executed in any number of counterparts, all of

which taken together shall constitute one agreement, and any party hereto may execute this

Agreement by signing any such counterpart.

(g) Severability. In case any one or more of the provisions contained in this Agreement

should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability

of the remaining provisions contained herein shall not in any way be affected or impaired

thereby.

(h) Entire Agreement. This Agreement including any Exhibits attached hereto and apart

hereof, constitutes the entire agreement and understanding between the parties hereto relating to

the subject matter hereof, and supersedes all prior agreement and understandings relating to such

subject matter.

(i) Redemption Fees. The parties agree that transactions in the Funds by Plans or Plan

Participants pursuant to the terms of this Agreement are not subject to any redemption fees that

may otherwise be required by the Funds; provided however that upon Distributor’s written

request, ING Life and ING Institutional will implement such redemptions fees in a time frame

and manner mutually acceptable to all parties.


	IN WITNESS WHEREOF, the undersigned have executed this Agreement by their duly
authorized officers as of the date first written above.


ING LIFE INSURANCE AND ANNUITY COMPANY


By	/s/ Xxxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Vice President


ING INSTITUTIONAL PLAN SERVICES, LLP


By	/s/ Xxxxxxxx Xxxxxxxxx, Attorney in Fact
Name: Xxxxxxxx Xxxxxxxxx, Attorney in Fact
Title: Vice President


ING FINANCIAL ADVISERS, LLC


By	/s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Title: Vice President


XXXXX & STEERS SECURITIES, LLC


By	/s/ Xxxxxxx X. Xxxx
Name	Xxxxxxx X. Xxxx
Title	President


XXXXX & STEERS CAPITAL MANAGEMENT, INC.,
solely for purposes of Schedule A


By	/s/ Xxxx Xxxxxxxx
Name	Xxxx Xxxxxxxx
Title	Chief Operating Officer




14


Schedule A
Servicing Fees and 12b-1 Fees


For services rendered by ING under the Agreement with respect to Plan assets invested in the following
Funds, Distributor or its affiliates, and/or the Funds shall pay the following fees to ING

				Dist.	Serv.
				Plan	Plan	Sub-
Fund Name	Class	Ticker	CUSIP	Fee	Fee	TA	Advisor*	Total
Xxxxx & Steers Asia Pacific Realty Shares	A	APFAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers Asia Pacific Realty Shares	I	XXXXX	00000X000	X/X	X/X	%	%	%
Xxxxx & Steers Dividend Value Fund	A	DVFAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers Dividend Value Fund	I	XXXXX	00000X000	X/X	X/X	%	%	%
Xxxxx & Steers Global Infrastructure Fund	A	CSUAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers Global Infrastructure Fund	I	CSUIX	00000X000	N/A	N/A	%	%	%
Xxxxx & Steers Global Realty Shares	A	CSFAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers Global Realty Shares	I	CSSPX	00000X000	N/A	N/A	N/A	N/A	N/A
Xxxxx & Steers Institutional Global Realty Shares	N/A	GRSIX	00000X000	N/A	N/A	N/A	N/A	N/A
Xxxxx & Steers Institutional Realty Shares	N/A	CSRIX	00000X000	N/A	N/A	N/A	N/A	N/A
Xxxxx & Steers International Realty Fund	A	IRFAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers International Realty Fund	I	XXXXX	00000X000	X/X	X/X	%	%	%
Xxxxx & Steers Realty Income Fund	A	CSEIX	191912104	%	%	N/A	N/A	%
Xxxxx & Steers Realty Income Fund	I	CSDIX	191912401	N/A	N/A	%	%	%
Xxxxx & Steers Realty Shares	N/A	CSRSX	192476109	%	%	N/A	N/A	%
Xxxxx & Steers Preferred Securities and Income Fund	A	CPXAX	00000X000	%	%	N/A	N/A	%
Xxxxx & Steers Preferred Securities and Income Fund	I	CPXIX	00000X000	N/A	N/A	%	%	%




15

EXHIBIT I

SELLING AND SERVICES AGREEMENT and FUND PARTICIPATION AGREEMENT

Procedures for Pricing and Order/Settlement Through National Securities Clearing Corporation’s

Mutual Fund Profile System and Mutual Fund Settlement, Entry and Registration Verification

System

1. As provided in Section 4 of the Selling and Services Agreement and Fund Participation

Agreement, the parties hereby agree to provide pricing information, execute orders and wire

payments for purchases and redemptions of Fund shares through National Securities Clearing

Corporation (“NSCC”) and its subsidiary systems as follows:

(a) Distributor or the Funds will furnish to ING Financial or its affiliate through NSCC’s Mutual

Fund Profile System (“MFPS”) as well as via fax directly to ING at 000-000-0000 (1) the

most current net asset value information for each Fund, (2) a schedule of anticipated dividend

and distribution payment dates for each Fund, which is subject to change without prior

notice, ordinary income and capital gain dividend rates on the Fund’s ex-date, and (3) in the

case of fixed income funds that declare daily dividends, the daily accrual or the interest rate

factor. All such information shall be furnished to ING Financial or its affiliate by 6:30 p.m.

Eastern Time, but no later than 7:00 p.m. Eastern Time on each business day that the Fund is

open for business (each a “Business Day”). Changes in pricing information will be

communicated to both NSCC and ING Financial or its affiliate.

(b) Upon receipt of Fund purchase, exchange and redemption instructions for acceptance as of

the time at which a Fund’s net asset value is calculated as specified in such Fund’s

prospectus (“Close of Trading”) on each Business Day (“Instructions”), and upon its

determination that there are good funds with respect to Instructions involving the purchase of

Shares, ING Financial or its affiliate will calculate the net purchase or redemption order for

each Fund. Orders for net purchases or net redemptions derived from Instructions received

by ING Financial or its affiliate prior to the Close of Trading on any given Business Day will

be sent to the Defined Contribution Interface of NSCC’s Mutual Fund Settlement, Entry and

Registration Verification System (“Fund/SERV”) by 5:00 a.m. Eastern Time on the next

Business Day. Subject to ING Financial’s or its affiliate’s compliance with the foregoing,

ING Financial or its affiliate will be considered the agent of the Distributor and the Funds,

and the Business Day on which Instructions are received by ING Financial or its affiliate in

proper form prior to the Close of Trading will be the date as of which shares of the Funds are

deemed purchased, exchanged or redeemed pursuant to such Instructions. Instructions

received in proper form by ING Financial or its affiliate after the Close of Trading on any

given Business Day will be treated as if received on the next following Business Day.

Dividends and capital gains distributions will be automatically reinvested at net asset value in

accordance with the Fund’s then current prospectuses.

Firm Number, in immediately available funds, to an NSCC settling bank account designated

by ING Financial or its affiliate no later than 5:00 p.m. Eastern time on the same Business

Day such purchase orders are communicated to NSCC. For purchases of shares of daily

dividend accrual funds, those shares will not begin to accrue dividends until the day the

payment for those shares is received.

(d) NSCC will wire payment for net redemption orders by Fund, in immediately available funds,

to an NSCC settling bank account designated by ING Financial or its affiliate, by 5:00 p.m.

Eastern Time on the Business Day such redemption orders are communicated to NSCC,

except as provided in a Fund’s prospectus and statement of additional information.

(e) With respect to (c) or (d) above, if Distributor does not send a confirmation of ING

Financial’s or its affiliate’s purchase or redemption order to NSCC by the applicable deadline

to be included in that Business Day’s payment cycle, payment for such purchases or

redemptions will be made the following Business Day.

(f) If on any day ING Financial or its affiliate or Distributor is unable to meet the NSCC

deadline for the transmission of purchase or redemption orders, it may at its option transmit

such orders and make such payments for purchases and redemptions directly to Distributor or

to ING Financial or its affiliate, as applicable, as is otherwise provided in Section 4 of the

Agreement.

(g) These procedures are subject to any additional terms in each Fund’s prospectus and the

requirements of applicable law. The Funds reserve the right, at their discretion and without

notice, to suspend the sale of shares or withdraw the sale of shares of any Fund.

2. ING Financial or its affiliate, Distributor and clearing agents (if applicable) are each required

to have entered into membership agreements with NSCC and met all requirements to participate

in the MFPS and Fund/SERV systems before these procedures may be utilized. Each party will

be bound by the terms of their membership agreement with NSCC and will perform any and all

duties, functions, procedures and responsibilities assigned to it and as otherwise established by

NSCC applicable to the MFPS and Fund/SERV system and the Networking Matrix Level

utilized.

3. Except as modified hereby, all other terms and conditions of the Agreement shall remain in

full force and effect. Unless otherwise indicated herein, the terms defined in the Agreement shall

have the same meaning as in this Exhibit.


EXHIBIT II

ING Excessive Trading Policy (the “Policy”) as of October 16, 2007

The ING family of companies (“ING”), as providers of multi-fund variable insurance and
retirement products, has adopted this Excessive Trading Policy to respond to the demands of the
various fund families which make their funds available through our variable insurance and
retirement products to restrict excessive fund trading activity and to ensure compliance with
Section 22c-2 of the Investment Company Act of 1940, as amended. ING’s current definition of
Excessive Trading and our policy with respect to such trading activity is outlined below.

1.	ING actively monitors fund transfer and reallocation activity within its variable insurance
	and retirement products to identify Excessive Trading.

	ING currently defines Excessive Trading as:
	a.	More than one purchase and sale of the same fund (including money market funds)
		within a 60 calendar day period (hereinafter, a purchase and sale of the same fund is
		referred to as a “round-trip”). This means two or more round-trips involving the
		same fund within a 60 calendar day period would meet ING’s definition of Excessive
		Trading; or
	b.	Six round-trips within a twelve month period.

	The following transactions are excluded when determining whether trading activity is
	excessive:
	a.	Purchases or sales of shares related to non-fund transfers (for example, new purchase
		payments, withdrawals and loans);
	b.	Transfers associated with scheduled dollar cost averaging, scheduled rebalancing or
		scheduled asset allocation programs;
	c.	Purchases and sales of fund shares in the amount of $5,000 or less;
	d.	Purchases and sales of funds that affirmatively permit short-term trading in their fund
shares, and movement between such funds and a money market fund; and
	e.	Transactions initiated by a member of the ING family of insurance companies.

2.	If ING determines that an individual has made a purchase of a fund within 60 days of a prior
	round-trip involving the same fund, ING will send them a letter warning that another sale of
	that same fund within 60 days of the beginning of the prior round-trip will be deemed to be
	Excessive Trading and result in a six month suspension of their ability to initiate fund
	transfers or reallocations through the Internet, facsimile, Voice Response Unit (VRU),
	telephone calls to the ING Customer Service Center, or other electronic trading medium that
	ING may make available from time to time (“Electronic Trading Privileges”). Likewise, if
	ING determines that an individual has made five round-trips within a twelve month period,
	ING will send them a letter warning that another purchase and sale of that same fund within
	twelve months of the initial purchase in the first round-trip in the prior twelve month period
	will be deemed to be Excessive Trading and result in a six month suspension of their
	Electronic Trading Privileges. According to the needs of the various business units, a copy of
	the warning letters may also be sent, as applicable, to the person(s) or entity authorized to
	initiate fund transfers or reallocations, the agent/registered representative or investment
	adviser for that individual. A copy of the warning letters and details of the individual’s
	trading activity may also be sent to the fund whose shares were involved in the trading
	activity.
18


3.	If ING determines that an individual has used one or more of its products to engage in
	Excessive Trading, ING will send a second letter to the individual. This letter will state that
	the individual’s Electronic Trading Privileges have been suspended for a period of six
	months. Consequently, all fund transfers or reallocations, not just those which involve the
	fund whose shares were involved in the Excessive Trading activity, will then have to be
	initiated by providing written instructions to ING via regular U.S. mail. During the six month
	suspension period, electronic “inquiry only” privileges
	will be permitted where and when possible. A copy of the letter restricting future transfer
	and reallocation activity to regular U.S. mail and details of the individual’s trading activity
	may also be sent to the fund whose shares were involved in the Excessive Trading activity.

4.	Following the six month suspension period during which no additional Excessive Trading is
	identified, Electronic Trading Privileges may again be restored. ING will continue to
	monitor the fund transfer and reallocation activity, and any future Excessive Trading will
	result in an indefinite suspension of the Electronic Trading Privileges. Excessive Trading
	activity during the six month suspension period will also result in an indefinite suspension of
	the Electronic Trading Privileges.

5.	ING reserves the right to limit fund trading or reallocation privileges with respect to any
	individual, with or without prior notice, if ING determines that the individual’s trading
	activity is disruptive, regardless of whether the individual’s trading activity falls within the
	definition of Excessive Trading set forth above. Also, ING’s failure to send or an
	individual’s failure to receive any warning letter or other notice contemplated under this
	Policy will not prevent ING from suspending that individual’s Electronic Trading Privileges
	or taking any other action provided for in this Policy.

6.	Each fund available through ING’s variable insurance and retirement products, either by
	prospectus or stated policy, has adopted or may adopt its own excessive/frequent trading
	policy. ING reserves the right, without prior notice, to implement restrictions and/or block
	future purchases of a fund by an individual who the fund has identified as violating its
	excessive/frequent trading policy. All such restrictions and/or blocking of future fund
	purchases will be done in accordance with the directions ING receives from the fund.




19

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SELLING AND SERVICES AGREEMENT AND FUND PARTICIPATION AGREEMENT THIS AGREEMENT is made and entered into as of this 5th day of November, 2010 by and between ING Life Insurance and Annuity Company (“ING Life”), ING Institutional Plan Services, LLC (“ING...

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