FORM OF PARTICIPATION AGREEMENT Among ING VARIABLE INSURANCE TRUST and ING LIFE INSURANCE AND ANNUITY COMPANY and ING FUNDS DISTRIBUTOR, LLC

Exhibit 99-B.8.81

Among

ING VARIABLE INSURANCE TRUST

and

ING LIFE INSURANCE AND ANNUITY COMPANY

and

ING FUNDS DISTRIBUTOR, LLC

THIS AGREEMENT, made and entered into _____________, among ING LIFE
INSURANCE AND ANNUITY COMPANY (the “Company”), a life insurance company
organized under the laws of Connecticut, on its own behalf and on behalf of each separate
account of the Company set forth on Schedule A attached hereto, as such Schedule may be
amended from time to time (each such account hereinafter referred to as the “Separate
Accounts”), ING VARIABLE INSURANCE TRUST (the “Trust”) an open-ended management
investment company and business trust organized under the laws of the State of Delaware, and
ING FUNDS DISTRIBUTOR, LLC (the “Distributor”), a limited liability corporation organized
under the laws of the State of Delaware.

WHEREAS, the Trust is an open-end diversified management investment company and
is available to act as the investment vehicle for (a) separate accounts established for variable life
insurance policies and variable annuity contracts (collectively, the “Contracts”) to be offered by
affiliated and/or unaffiliated insurance companies which have entered into Participation
Agreements with the Trust and the Distributor (the “Participating Insurance Companies”),
(b) qualified pension and retirement plans held outside the separate account context which meet
the definition of retirement plans under Sections 401 and 457 of the Internal Revenue Code and
custodial accounts under Sections 403(b)(7), 408 and 408A of the Internal Revenue Code
(collectively referred to herein as “Qualified Plan(s)”) and (c) certain investment advisers; and

WHEREAS, the beneficial interest in the Trust is divided into several series of shares,
each designated a “Fund” and representing the interest in a particular managed portfolio of
securities and other assets; and

WHEREAS, the Trust may rely on an order (“Aetna Variable Fund, et al Investment
Company Act Rel. No. 23616 (December 21, 1998) from the Securities and Exchange
Commission (“SEC”), granting the variable annuity and variable life insurance separate accounts
participating in the Trust exemptions from the provisions of Sections 9(a), 13(a), 15(a) and 15(b)
of the Investment Company Act of 1940, as amended (the “1940 Act”), and Rules 6e-2(b)(15)
and 6e-3(T)(b)(15) thereunder, to the extent necessary to permit shares of any current or future
series of the Trust to be sold to and held by variable annuity and variable life insurance separate

accounts of the Participating Insurance Companies, certain investment advisers and qualified
pension and retirement plans (the “Mixed and Shared Funding Exemptive Order”); and

WHEREAS, the Trust is registered as an open-end management investment company
under the 1940 Act and its shares are registered under the Securities Act of 1933, as amended
(the “1933 Act”); and

WHEREAS, the Company has registered or will register certain of the Contracts (except
those Contracts for which no such registration is required) under the 1933 Act and applicable
state insurance law; and

WHEREAS, the Company represents herein that each Separate Account is a duly
organized, validly existing separate account, which was established by resolution of the Board of
Trustees of the Company to set aside and invest assets attributable to one or more of the
Contracts; and

WHEREAS, the Company has registered or will register the Separate Accounts (except
those Separate Accounts for which no such registration is required) as unit investment trusts
under the 1940 Act; and

WHEREAS, the Distributor is registered as a broker-dealer with the SEC under the
Securities Exchange Act of 1934, as amended (the “1934 Act”), and is a member in good
standing of the National Association of Securities Dealers, Inc. (the “NASD”); and

WHEREAS, to the extent permitted by applicable laws and regulations, the Separate
Account intends to purchase shares in certain Funds as set forth on Schedule B attached hereto,
as it may be amended from time to time by mutual written agreement (“Authorized Funds”), on
behalf of each Separate Account.

NOW, THEREFORE, in consideration of the promises herein, the Company, the Trust
and the Distributor agree as follows:

ARTICLE I
Sale of ING Variable Insurance Trust

1.1. The Distributor agrees, subject to the Trust’s rights under Section 1.2 and
otherwise under this Agreement, to sell to the Separate Account those Trust shares representing
interests in Authorized Funds which each Separate Account orders, executing such orders on a
daily basis at the net asset value next computed after receipt by the Trust or its designee of the
order for the shares of the Trust. For purposes of this Section 1.1, the Company shall be the
designee of the Trust for receipt of such orders from each Separate Account and receipt by such
designee shall constitute receipt by the Trust; provided that the Trust receives notice of such
order by 7:30 a.m., Eastern Time, on the next following Business Day. “Business Day” shall
mean any day on which the New York Stock Exchange (“NYSE”) is open for trading. The
initial Authorized Funds are set forth in Schedule B, as such schedule is amended from time to
time.

1.2. The Trust agrees to make its shares available indefinitely for purchase at the
applicable net asset value per share by the Company and its Separate Accounts on Business
Days. Notwithstanding the foregoing, the Trustees of the Trust (the “Trustees”) may refuse to
sell shares of any Authorized Fund to the Company or any other person, or suspend or terminate
the offering of shares of any Authorized Fund if such action is required by law or by regulatory
authorities having jurisdiction over the Trust or if the Trustees determine, in the exercise of their
fiduciary responsibilities, that to do so would be in the best interests of shareholders.

1.3. The Trust and the Distributor agree that shares of the Trust will be sold only to
separate accounts, certain investment advisers, qualified pension and retirement plans and other
persons who are permissible investors consistent with the Separate Accounts meeting the
requirements of Treas. Reg. 1.817 -5.

1.4. The Trust shall redeem its shares in accordance with the terms of its then-current
prospectus. For purposes of this Section 1.4, the Company shall be the designee of the Trust for
receipt of requests for redemption from each Separate Account and receipt by such designee
shall constitute receipt by the Trust; provided that the Trust receives notice of such request for
redemption by 10:00 a.m., Eastern Time, on the next following Business Day.

1.5. All parties shall comply with the relevant provisions of Section 22c of the
Investment Company Act and all rules promulgated thereunder. Orders received and accepted
by the Company or its Separate Accounts prior to the close of regular trading on the Exchange
(the “Close of Trading”) on any given Business Day shall be transmitted in such a manner to
ensure those orders are traded at the net asset value determined as of the Close of Trading on the
Business Day the order was received. Orders received and accepted by the Company or its
Separate Accounts after the close of regular trading on the Exchange (the “Close of Trading”) on
any given Business Day shall be transmitted in such a manner to ensure those orders are traded at
the net asset value determined as of the Close of Trading on the next Business Day.

1.6. The Company shall pay for the Trust shares on the next Business Day after an
order to purchase the Trust shares is made in accordance with the provisions of Article I hereof.
Payment shall be in federal funds transmitted by wire.

1.7. Issuance and transfer of the Trust’s shares will be by book entry only. Share
certificates will not be issued to the Company or to any Separate Account. Shares ordered from
the Trust will be recorded as instructed by the Company to the Distributor in an appropriate title
for each Separate Account or the appropriate sub-account of each Separate Account.

1.8. The Distributor shall furnish prompt notice (by wire or telephone, followed by
written confirmation) to the Company of the declaration of any income, dividends or capital gain
distributions payable on the Trust’s shares. The Company hereby elects to receive all such
income dividends and capital gain distributions as are payable on the Authorized Fund shares in
additional shares of that Authorized Fund. The Company reserves the right to revoke this
election and to receive all such income dividends and capital gain distributions in cash. The
Distributor shall notify the Company of the number of shares so issued as payment of such
dividends and distributions.

1.9. The Distributor shall make the net asset value per share for each Authorized Fund
available to the Company on a daily basis as soon as reasonably practical after the Trust
calculates its net asset value per share, and each of the Trust and the Distributor shall use its
reasonable best efforts to make such net asset value per share available by 6:00 p.m., Eastern
time, but in no event later than 7:00 p.m., Eastern time, each Business Day.

1.10. Any error in the calculation of the net asset value, dividend and capital gain
information greater than or equal to $0.01 per share of the Trust’s shares, shall be reported
immediately upon discovery to the Company. Any error of a lesser amount shall be corrected in
the next Business Day’s net asset value per share for the Trust. Any such notice will state for
each day for which an error occurred the incorrect price, the correct price and, to the extent
communicated to the Trust’s shareholders, the reason for the price change. The Company may
send this notice or a derivation thereof (so long as such derivation is approved in advance by the
Distributor) to contract owners or participants whose accounts are affected by the price change.
The parties will negotiate in good faith to develop a reasonable method for effecting such
adjustments. The Trust shall provide the Company, on behalf of the Separate Account or the
appropriate subaccount of each Separate Account, with a prompt adjustment to the number of
shares purchased or redeemed to reflect the correct share net asset value.

For purposes of this Section 1.10, the Trust or the Distributor shall be liable to the Company for
any amount the Company is required to pay to Contract owners or participants due to (i) an
incorrect calculation of a Fund’s daily net asset value, dividend rate, or capital gain distribution
rate, in accordance with the Trust’s procedures; or (ii) incorrect or late reporting of the daily net
asset value or capital gain distribution rate of an Authorized Fund, in accordance with the Trust’s
procedures, upon written notification by the Company, with supporting data, to the Trust,
provided, however, that neither the Trust nor the Distributor shall be liable for any information
provided to the Company pursuant to this Agreement which information is based on inaccurate
information supplied by the Company to the Trust or any of its affiliates, or for any incorrect or
late reporting because of acts of God or systems or mechanical failures over which the Trust, or
the Distributor or the investment adviser to the Trust have no reasonable control; and provided
further that the Distributor and Officers of the Trust shall in good faith discuss with the Company
the bearing of any expenses described in (i) and (ii) above for which the Trust or Distributor are
not liable under this provision. In addition, the Trust or the Distributor shall be liable to the
Company for systems and out of pocket costs incurred by the Company in making a Contract
owner’s or a participant’s account whole, if such costs or expenses are a result of the Trust’s
failure to provide timely or correct net asset values, dividend and capital gains or financial
information, and if such information is not corrected by 4:00 p.m. Eastern time of the next
business day after releasing such incorrect 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 participant’s account whole shall be borne by
the party providing the incorrect information, regardless of when the error is corrected.

1.11. The parties may agree to provide pricing information, 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
an Exhibit to this Agreement.

1.12. The Company and its Separate Accounts acknowledges and understands the
Funds are intended for long-term investment and not as short-term trading vehicles.
Accordingly, organizations or individuals that use market timing investment strategies should not
purchase shares of the Funds. The Funds reserve the right, in their sole discretion and without
prior notice, to reject, restrict or refuse purchase orders whether directly or by exchange,
including orders that have been accepted by a shareholder’s or retirement plan participant’s
intermediary, that the Funds determine not to be in the best interest of the Funds. The Funds’
Board of Trustees have adopted policies and procedures designed to deter frequent, short-term
trading in shares of the Funds. Consistent with this policy, the Funds monitor trading activity.
The Funds reserve the right to modify the frequent trading policy at any time without prior
notice, depending on the needs of the Funds and/or state or federal regulatory requirements. If
an activity is identified as problematic after further investigation, the Funds reserve the right to
take any necessary action to deter such activity. Such action may include, but not be limited to:
rejecting additional purchase or exchange orders; extending settlement of a transaction up to
seven days; rejecting all trades from broker-dealers or their registered representatives suspected
of violating the Funds’ frequent trading policy; or termination of the selling group agreement or
other agreement with broker-dealers or other financial intermediaries associated with frequent
trading of the Fund. Company and its Separate Accounts shall make all reasonable efforts to
deter market timing activity and will notify ING Funds immediately if it becomes aware of any
market timing activity. Company and its Separate Account shall cooperate with ING Funds in
their attempts to prohibit market timing.

1.13. Company acknowledges and agrees that it is solely responsible and liable for the
conduct of any sub-contractor or party it employs to fulfill obligations under this Agreement. It
is the Company’s sole responsibility to ensure that these sub-contractors comply with the terms
of this Agreement and applicable laws and regulations. Company also acknowledges that it shall
be financially responsible for the actions of sub-contractors and shall reimburse the Trust and/or
Distributors directly for any actions of the sub-contractors that violate this Agreement. It shall
be Company’s responsibility to seek reimbursement from the sub-contractors.

ARTICLE II
Representations and Warranties

«	The Company represents and warrants that:

	(a) at all times during the term of this Agreement, the Contracts are or will be

registered (except those Contracts which are not registered because they are properly exempt
from registration under the 1933 Act or will be offered exclusively in transactions that are
properly exempt from registration under the 0000 Xxx) under the 1933 Act and the 1940 Act; the
Contracts will be issued and sold in compliance in all material respects with all applicable laws
and the sale of the Contracts shall comply in all material respects with state insurance suitability
requirements. The Company further represents and warrants that it is an insurance company
duly organized and in good standing under applicable law and that it has legally and validly
established each Separate Account prior to any issuance or sale thereof as a separate account
under applicable law and has registered or, prior to any issuance or sale of the Contracts, will
register each Separate Account (except those Separate Accounts which have not been registered
in proper reliance upon an exclusion from registration under the 0000 Xxx) as a unit investment

trust in accordance with the provisions of the 1940 Act to serve as a segregated investment
account for the Contracts;

(b) the Contracts are currently treated as endowment, annuity or life insurance
contracts, under applicable provisions of the Internal Revenue Code of 1986, as amended (the
“Code”), and that it will make every effort to maintain such treatment and that it will notify the
Trust and the Underwriter immediately upon having a reasonable basis for believing that the
Contracts have ceased to be so treated or that they might not be so treated in the future; and

(c) all notices to the Trust of the purchase and/or redemption of the Trust
shares by each Separate Account shall be accurate.

«	The Trust represents and warrants that:

	(a) at all times during the term of this Agreement, the Trust shares sold

pursuant to this Agreement shall be registered under the 1933 Act, duly authorized for issuance
and sold by the Trust to the Company in compliance with all applicable laws, subject to the terms
of Section 2.4 below, and the Trust is and shall remain registered under the 1940 Act. The Trust
shall amend the Registration Statement for its shares under the 1933 Act and the 1940 Act from
time to time as required in order to effect the continuous offering of its shares. The Trust shall
register and qualify the shares for sale in accordance with the laws of the various states only if
and to the extent deemed advisable by the Trust or the Distributor in connection with their sale
by the Trust to the Company and only as required by Section 2.4;

(b) each Authorized Fund is currently qualified as a Regulated Investment
Company under Subchapter M of the Code, and that the Trust will use its best efforts to maintain
such qualification (under Subchapter M or any successor provision) and that it will notify the
Company immediately upon having a reasonable basis for believing that an Authorized Fund has
ceased to so qualify or that it might not so qualify in the future; and

(c) the Trust is lawfully organized and validly existing under the laws of its
State of Formation and that it does and will comply in all material respects with the 1940 Act.

2.3. The Distributor represents and warrants that it is a member in good standing of
the NASD and is registered as a broker-dealer with the SEC. The Distributor further represents
that it will sell and distribute the Trust shares in accordance with all applicable securities laws
applicable to it, including without limitation the 1933 Act, the 1934 Act, and the 0000 Xxx.

2.4. Notwithstanding any other provision of this Agreement, the Trust shall be
responsible for the registration and qualification of its shares and of the Trust itself under the
laws of any jurisdiction only in connection with the sale of shares directly to the Company
through the Distributor. The Trust shall not be responsible, and the Company shall take full
responsibility, for determining any jurisdiction in which any qualification or registration of the
Trust shares or the Trust by the Trust may be required in connection with the sale of the
Contracts or the indirect interest of any Contract in any shares of the Trust and advising the Trust
thereof at such time and in such manner as is necessary to permit the Trust to comply.

2.5 The Trust and the Distributor represent and warrant that all of their Trustees,
officers, employees, investment advisers, and other individuals/entities having access to the
funds and/or securities of the Trust are and continue to be at all times covered by a blanket
fidelity bond or similar coverage for the benefit of the Trust in an amount not less than the
minimal coverage as required currently by Rule 17g-(1) of the 1940 Act or related provisions as
may be promulgated from time to time. The aforesaid bond includes coverage for larceny and
embezzlement and is issued by a reputable bonding company.

ARTICLE III
Prospectuses and Proxy Statements; Voting

3.1. At its expense, the Trust shall provide the Company with a sufficient quantity of
its prospectus, SAI and any supplements to any of these materials once each year (or more
frequently if these materials are amended), to be used in connection with the offerings and
transactions contemplated by this Agreement. In addition, the Trust shall provide the Company
with a sufficient quantity of its proxy materials that are required to be sent to Contract owners or
participants. In lieu of the Trust providing the Company with printed copies of its prospectus,
SAI, supplements and proxy materials, the Company shall have the right to request that the Trust
transmit a copy of such materials in an electronic format (camera-ready copy), which the
Company may use to have such materials printed together with similar materials of other
Separate Account funding media that the Company or any distributor will distribute to existing
or prospective Contract owners or participants. In this case, the Company shall be responsible
for the expense of printing such documents.

3.2. The Trust’s prospectus shall state that the SAI for the Trust is available from the
Trust, and the Trust shall provide the SAI free of charge to any owner of a Contract or to any
prospective Contract owner who requests the SAI. Distributor and the Trust, as appropriate,
agree to provide to the Company with as many copies of the SAI as reasonably requested by the
Company, or such materials in an electronic format (camera-ready copy).

3.3. The Trust, at its expense, shall provide the Company with copies of its reports to
shareholders, proxy material and other communications to shareholders in such quantity as the
Company shall reasonably require for distribution to the Contract owners or participants. The
Company shall respond to requests for documents regarding the Trust in a manner that is
consistent with SEC rules, including, but not limited to, Item 1(b) of Form N-1A, which requires
requested documents to be sent within three (3) business days from the date of request.

3.4. The Company shall vote all the Trust shares as required by law and the Mixed and
Shared Funding Exemptive Order. The Company reserves the right to vote the Trust shares held
in any separate account in each Company’s own right, to the extent permitted by law and the
Mixed and Shared Funding Exemptive Order. The Company shall be responsible for assuring
that each of its separate accounts participating in the Trust calculates voting privileges in a
manner consistent with all legal requirements and the Mixed and Shared Funding Exemptive
Order.

3.5. The Trust will comply with all applicable provisions of the 1940 Act requiring
voting by shareholders.

ARTICLE IV
Sales Material and Information

4.1. Without limiting the scope or effect of Section 4.2 hereof, the Company shall
furnish, or shall cause to be furnished, to the Distributor each piece of sales literature or other
promotional material (as defined hereafter) in which the Trust, its investment adviser or the
Distributor is named at least 15 days prior to its use. No such material shall be used if the
Distributor objects to such use within ten (10) Business Days after receipt of such material.

4.2. The Company shall not give any information or make any representations or
statements on behalf of the Trust or concerning the Trust in connection with the sale of the
Contracts other than the information or representations contained in the registration statement or
prospectus for the Trust shares, as such registration statement and prospectus may be amended or
supplemented from time to time, or in annual or semi-annual reports or proxy statements for the
Trust, or in sales literature or other promotional material approved by the Trust or its designee or
by the Distributor, except with the written permission of the Trust or the Distributor or the
designee of either or as is required by law.

4.3. The Distributor or its designee shall furnish, or shall cause to be furnished, to the
Company or its designee, each piece of sales literature or other promotional material prepared by
the Distributor in which the Company and/or the Company’s Separate Account is named at least
15 days prior to its use. No such material shall be used if the Company or its designee object to
such use within ten (10) Business Days after receipt of such material.

4.4. Neither the Trust nor the Distributor shall give any information or make any
representations on behalf of the Company or concerning the Company, each Separate Account,
or the Contracts other than the information or representations contained in a registration
statement or prospectus for the Contracts, as such registration statement and prospectus may be
amended or supplemented from time to time, or in published reports for each Separate Account
which are in the public domain or approved by the Company for distribution to Contract owners
or participants, or in sales literature or other promotional material approved by the Company or
its designee, except with the written permission of the Company or as is required by law.

4.5. For purposes of this Article IV, the phrase “sales literature or other promotional
material” is defined as that material designated as such by the NASD rules and includes, but is
not limited to, advertisements (such as material published, or designed for use in, a newspaper,
magazine, or other periodical, radio, television, telephone or tape recording, videotape display,
signs or billboards, motion pictures, or other public media), sales literature (i.e. any written
communication distributed or made generally available to customers or the public, including
brochures, circulars, research reports, market letters, form letters, seminar texts, reprints or
excerpts of any other advertisement, sales literature, or published article), educational or training
materials or other communications distributed or made generally available to some or all
registered representatives.

4.6 The Trust will provide to the Company at least one complete copy of all
registration statements, prospectuses, statements of additional information, reports, proxy
statements, sales literature and other promotional materials, notices and exemptive orders related
to applications for exemptive relief from the requirements of the federal securities laws, and all
amendments to any of the above, that relate to the Trust or its shares, promptly after the filing of
such document with the SEC, the NASD or other regulatory authority.

4.7 The Company will provide to the Trust at least one complete copy of all
registration statements, prospectuses, statements of additional information, reports, proxy
statements, sales literature and other promotional materials, notices and exemptive orders related
to applications for exemptive relief from the requirements of the federal securities laws, and all
amendments to any of the above, that relate to the Trust or its shares, promptly after the filing of
such document with the SEC, the NASD, or other regulatory authority.

ARTICLE V
Fees and Expenses

5.1. If the Trust or any Authorized Fund adopts and implements a plan pursuant to
Rule 12b-1 under the 1940 Act to finance distribution expenses, subject to obtaining any
required exemptive orders or other regulatory approvals, the Trust or Distributor may make
payments to the Company or to the underwriter for the Separate Account if and in such amounts
agreed to by the parties in writing.

5.2. All expenses incident to performance by the Trust under this Agreement shall be
paid by the Trust to the extent permitted by law. The Trust shall bear the expenses for the cost of
registration and qualification of the Trust’s shares, preparation and filing of the Trust’s
prospectus and registration statement, proxy materials and reports, setting the prospectus and
shareholder reports in type, setting in type and printing the proxy materials, and the preparation
of all statements and notices required by any federal or state law, in each case as may reasonably
be necessary for the performance by it of its obligations under this Agreement. All expenses
incident to the solicitation and tabulation of the Trust’s proxy materials will be paid by the Trust,
including postage.

5.3. The Trust shall pay for the cost of typesetting and printing periodic fund reports to
shareholders, prospectuses, prospectus supplements, statements of additional information and
other materials that are required by law to be sent to Contract owners or participants, as well as
the cost of distributing such materials. The Company shall pay for the cost of printing the
Trust’s prospectuses and statements of additional information and for the distribution thereof for
prospective Contract owners or participants. Each party shall be provided with such supporting
data as may reasonably be requested for determining expenses under this Article V.

ARTICLE VI
Diversification

6.1 The Trust will invest its assets to cause each Authorized Fund to maintain a
diversified pool of investments that would, if such Fund were a segregated asset account, satisfy

the diversification requirements of Treasury Reg. §1.817 -5(b)(1) or (2). In the event of a breach
of this Article VI by the Trust, it will take all reasonable steps: (a) to notify the Company of such
breach; and (b) to adequately diversify the Trust so as to achieve compliance within the grace
period afforded by Treasury Regulation 1.817 -5.

ARTICLE VII
Potential Conflicts

7.1. The Trustees will monitor the Trust for the existence of any material
irreconcilable conflict between the interests of the Contract owners or participants of all separate
accounts investing in the Trust. A material irreconcilable conflict may arise for a variety of
reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in
applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling,
private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or
securities regulatory authorities; (c) an administrative or judicial decision in any relevant
proceeding; (d) the manner in which the investments of any Authorized Fund are being managed;
(e) a difference in voting instructions given by variable annuity contract and variable life
insurance contract owners or participants; or (f) a decision by an insurer to disregard the voting
instructions of Contract owners or participants. The Trust shall promptly inform the Company if
the Trustees determine that a material irreconcilable conflict exists and the implications thereof.

7.2. The Company will report any potential or existing conflicts of which it is aware to
the Trustees. The Company will assist the Trustees in carrying out their responsibilities under
the Mixed and Shared Funding Exemptive Order, by providing the Trustees with all information
reasonably necessary for the Trustees to consider any issues raised. This responsibility includes,
but is not limited to, an obligation by the Company to inform the Trustees whenever Contract
owner voting instructions are disregarded.

7.3. If it is determined by a majority of the Trustees, or a majority of the disinterested
Trustees, that a material irreconcilable conflict exists, the Company shall to the extent reasonably
practicable (as determined by a majority of the disinterested Trustees), take, at the Company’s
expense (but only if the Trustees determine that the Company is responsible for causing or
creating said conflict, said conflict is caused by operation of law or said conflict is the result of
some other cause outside the control of the Trust or any of the Participating Insurance
Companies), whatever steps are necessary to remedy or eliminate the material irreconcilable
conflict, up to and including: (1) withdrawing the assets allocable to some or all of the separate
accounts from the Trust or any Authorized Fund thereof and reinvesting such assets in a different
investment medium, including (but not limited to) another series of the Trust, or submitting the
question whether such segregation should be implemented to a vote of all affected Contract
owners or participants and, as appropriate, segregating the assets of any appropriate group (i.e.,
annuity contract owners or participants, life insurance contract owners or participants, or variable
contract owners or participants of one or more Participating Insurance Companies) that votes in
favor of such segregation, or offering to the affected Contract owners or participants the option
of making such a change; and (2) establishing a new registered management investment
company or managed separate account.

7.4. If a material irreconcilable conflict arises because of a decision by the Company
to disregard Contract owner voting instructions and that decision represents a minority position
or would preclude a majority vote, the Company may be required, at the Trust’s election, to
withdraw the affected Separate Account’s investment in one or more portfolios of the Trust and
terminate this Agreement with respect to such Separate Account; provided, however, that such
withdrawal and termination shall be limited to the extent required by the foregoing material
irreconcilable conflict as determined by a majority of the disinterested Trustees. No charge or
penalty shall be imposed as a result of such withdrawal. Any such withdrawal and termination
must take place within six (6) months after the Trust gives written notice that this provision is
being implemented, and until the end of that six month period, the Distributor and the Trust
shall, to the extent permitted by law and any exemptive relief previously granted to the Trust,
continue to accept and implement orders of the Company for the purchase (and redemption) of
shares of the Trust.

7.5. If a material irreconcilable conflict arises because of a particular state insurance
regulator’s decision applicable to the Company to disregard Contract owner voting instructions
and that decision represents a minority position or would preclude a majority vote, then the
Company may be required, at the Trust’s direction, to withdraw the affected Separate Account’s
investment in one or more Authorized Funds of the Trust; provided, however, that such
withdrawal and termination shall be limited to the extent required by the foregoing material
irreconcilable conflict as determined by a majority of the disinterested Trustees. Any such
withdrawal and termination must take place within six (6) months after the Trust gives written
notice that this provision is being implemented, unless a shorter period is required by law, and
until the end of the foregoing six month period (or such shorter period if required by law), the
Distributor and the Trust shall, to the extent permitted by law and any exemptive relief
previously granted to the Trust, continue to accept and implement orders by that Company for
the purchase (and redemption) of shares of the Trust. No charge or penalty will be imposed as a
result of such withdrawal.

7.6. For purposes of Sections 7.3 through 7.6 of this Agreement, a majority of the
disinterested Trustees shall determine whether any proposed action adequately remedies any
material irreconcilable conflict. Neither the Trust nor the Distributor shall be required to
establish a new funding medium for the Contracts, nor shall the Company be required to do so, if
an offer to do so has been declined by vote of a majority of Contract owners or participants
materially adversely affected by the material irreconcilable conflict. In the event that the
Trustees determine that any proposed action does not adequately remedy any material
irreconcilable conflict, then the Company will withdraw the Separate Account’s investment in
one or more Authorized Funds of the Trust and terminate this Agreement within six (6) months
(or such shorter period as may be required by law or any exemptive relief previously granted to
the Trust) after the Trustees inform the Company in writing of the foregoing determination;
provided, however, that such withdrawal and termination shall be limited to the extent required
by any such material irreconcilable conflict as determined by a majority of the disinterested
Trustees. No charge or penalty will be imposed as a result of such withdrawal.

7.7. The responsibility to take remedial action in the event of the Trustees’
determination of a material irreconcilable conflict and the obligation of the Company set forth in

this Article VII shall be carried out with a view only to the interests of Contract owners or
participants.

7.8. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is
adopted, to provide exemptive relief from any provision of the 1940 Act or the rules promulgated
thereunder with respect to mixed or shared funding (as defined in the Mixed and Shared Funding
Exemptive Order) on terms and conditions materially different from those contained in the
Mixed and Shared Funding Exemptive Order, then (a) the Trust and/or the Participating
Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with
Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are
applicable; and (b) Sections 3.4, 3.5, 7.1, 7.2, 7.3, 7.4 and 7.5 of this Agreement shall continue in
effect only to the extent that terms and conditions substantially identical to such Sections are
contained in such Rule(s) as so amended or adopted.

7.9. The Company has reviewed the Mixed and Shared Funding Exemption Order and
hereby assumes all obligations referred to therein which are required, including, without
limitation, the obligation to provide reports, material or data as the Trustees may request, as
conditions to such order, to be assumed or undertaken by the Company.

ARTICLE VIII
Indemnification

8.1 Indemnification by the Company

(a). The Company shall indemnify and hold harmless the Trust, the Distributor
in its capacity as distributor and investment adviser (“Adviser”) to the Trust, and each of the
Trustees, directors of the Distributor or the Adviser, officers, employees or agents of the Trust,
the Distributor or the Adviser, and each person, if any, who controls the Trust, Adviser or the
Distributor within the meaning of Section 15 of the 1933 Act (collectively, the “Indemnified
Parties” for purposes of this Section 8.1) against any and all losses, claims, damages, liabilities
(including amounts paid in settlement with the written consent of the Company which consent
may not be unreasonably withheld) or litigation expenses (including reasonable legal and other
expenses), to which the Indemnified Parties may become subject under any statute, regulation, at
common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or
actions in respect thereof) or settlements are related to the sale or acquisition of the Trust’s
shares or the Contracts or the performance by the parties of their obligations hereunder and:

(i) arise out of or are based upon any untrue statements or alleged untrue
statements of any material fact contained in a registration statement, prospectus or
SAI for the Contracts or contained in the Contracts or sales literature for the
Contracts (or any amendment or supplement to any of the foregoing), or arise out
of or are based upon the omission or the alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, provided that this agreement to indemnify shall not apply
as to any Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in conformity with
information furnished to the Company by or on behalf of the Trust for use in the

registration statement, prospectus or SAI for the Contracts or in the Contracts or
sales literature (or any amendment or supplement) or otherwise for use in
connection with the sale of the Contracts or the Trust shares; or

(ii) arise out of or as a result of written statements or representations (other
than statements or representations contained in the Trust’s registration statement
or prospectus, or in sales literature for the Trust shares not supplied by the
Company, or persons under its control) or wrongful conduct of the Company or
its agents or employees or persons under its control, with respect to the sale or
distribution of the Contracts or the Trust shares; or

(iii) arise out of any untrue statement or alleged untrue statement of a material
fact contained in a registration statement, prospectus, or sales literature of the
Trust or any amendment thereof or supplement thereto or the omission or alleged
omission to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading if such a statement or omission was
made in reliance upon information furnished to the Trust or the Distributor by or
on behalf of the Company; or

(iv) arise out of or result from any breach of any material representation and/or
warranty made by the Company in this Agreement or arise out of or result from
any other material breach of this Agreement by the Company, as limited by and in
accordance with the provisions of Sections 8.1(b) and 8.1(c) hereof.

(b) The Company shall not be liable under this indemnification provision
with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against
an Indemnified Party to the extent such may arise from such Indemnified Party’s willful
misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party’s
duties or by reason of such Indemnified Party’s reckless disregard of obligations or duties under
this Agreement or to the Trust, whichever is applicable.

(c) The Company shall not be liable under this indemnification provision with
respect to any claim made against an Indemnified Party unless such Indemnified Party shall have
notified the Company in writing within a reasonable time after the summons or other first legal
process giving information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice of such service on
any designated agent), on the basis of which the Indemnified Party should reasonably know of
the availability of indemnity hereunder in respect of such claim but failure to notify the
Company of any such claim shall not relieve the Company from any liability which it may have
to the Indemnified Party against whom such action is brought otherwise than on account of this
indemnification provision. In case any such action is brought against the Indemnified Parties,
the Company shall be entitled to participate, at the Company’s expense, in the defense of such
action. The Company also shall be entitled to assume the defense thereof, with counsel
satisfactory to the Indemnified Party named in the action. After notice from the Company to
such Indemnified Party of the Company’s election to assume the defense thereof, the
Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and
the Company will not be liable to such Indemnified Party under this Agreement for any legal or

other expenses subsequently incurred by such Indemnified Party independently in connection
with the defense thereof other than reasonable costs of investigation.

(d) The Distributor shall promptly notify the Company of the commencement
of any litigation or proceedings against the Trust or the Distributor in connection with the
issuance or sale of the Trust shares or the Contracts or the operation of the Trust.

(e) The provisions of this Section 8.1 shall survive any termination of this

Agreement.

«	Indemnification by the Distributor

	(a) The Distributor shall indemnify and hold harmless the Company and each

person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act and
any director, officer, employee or agent of the foregoing (collectively, the “Indemnified Parties”
for purposes of this Section 8.2) against any and all losses, claims, damages, liabilities (including
amounts paid in settlement with the written consent of the Distributor which consent may not be
unreasonably withheld) or litigation expenses (including reasonable legal and other expenses) to
which the Indemnified Parties may become subject under any statute, at common law or
otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect
thereof) or settlements are related to the sale or acquisition of the Trust’s shares or the Contracts
or the performance by the parties of their obligations hereunder and:

(i) arise out of or are based upon any untrue statement or alleged untrue
statement of any material fact contained in a registration statement, prospectus, or
SAI for the Trust or the sales literature for the Trust prepared by the Trust or
Distributor (or any amendment or supplement to any of the foregoing), or arise
out of or are based upon the omission or the alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, provided that this agreement to indemnify shall not apply
as to any Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in conformity with
information furnished to the Distributor or the Trust by or on behalf of the
Company for use in sales literature (or any amendment or supplement) or
otherwise for use in connection with the sale of the Contracts or the Trust shares;
or

(ii) arise out of or as a result of written statements or representations (other
than statements or representations contained in the registration statement,
prospectus, SAI or sales literature for the Contracts not supplied by the
Distributor or persons under its control) of the Distributor or persons under its
control, with respect to the sale or distribution of the Contracts or the Trust
shares; or

(iii) arise out of any untrue statement or alleged untrue statement of a material
fact contained in a registration statement, prospectus, SAI or sales literature
covering the Contracts, or any amendment thereof or supplement thereto, or the

omission or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statement or statements therein not misleading, if
such statement or omission was made in reliance upon information furnished to
the Company by or on behalf of the Distributor; or

(iv) arise out of or result from any breach of any material representation and/or
warranty made by the Distributor or the Trust in this Agreement or arise out of or
result from any other material breach of this Agreement by the Distributor or the
Trust; as limited by and in accordance with the provisions of Sections 8.2(b) and
8.2(c) hereof.

(b) The Distributor shall not be liable under this indemnification provision
with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against
an Indemnified Party as such may arise from such Indemnified Party’s willful misfeasance, bad
faith, or gross negligence in the performance of such Indemnified Party’s duties or by reason of
such Indemnified Party’s reckless disregard of obligations and duties under this Agreement or to
the Company or the Separate Account, whichever is applicable.

(c) The Distributor shall not be liable under this indemnification provision
with respect to any claim made against an Indemnified Party unless such Indemnified Party shall
have notified the Distributor in writing within a reasonable time after the summons or other first
legal process giving information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice of such service on
any designated agent) on the basis of which the Indemnified Party should reasonably know of the
availability of indemnity hereunder in respect of such claim, but failure to notify the Distributor
of any such claim shall not relieve the Distributor from any liability which it may have to the
Indemnified Party against whom such action is brought otherwise than on account of this
indemnification provision. In case any such action is brought against the Indemnified Parties,
the Distributor will be entitled to participate, at its own expense, in the defense thereof. The
Distributor also shall be entitled to assume the defense thereof, with counsel satisfactory to the
Indemnified Party named in the action. After notice from the Distributor to such Indemnified
Party of the Distributor’s election to assume the defense thereof, the Indemnified Party shall bear
the fees and expenses of any additional counsel retained by it, and the Distributor will not be
liable to such Indemnified Party under this Agreement for any legal or other expenses
subsequently incurred by such Indemnified Party independently in connection with the defense
thereof other than reasonable costs of investigation.

(d) The Company shall promptly notify the Distributor, the Adviser and the
Trust of the commencement of any litigation or proceedings against it or any of its officers or
trustees, in connection with the issuance or sale of the Contracts or the operation of each
Separate Account.

(e) The provisions of this Section 8.2 shall survive any termination of this

Agreement.

ARTICLE IX
Applicable Law

9.1. This Agreement shall be construed and the provisions hereof interpreted under
and in accordance with the laws of the State of Massachusetts.

9.2. This Agreement shall be subject to the provisions of the 1933, 1934 and 1940
Acts, and the rules and regulations and rulings thereunder, including such exemptions from those
statutes, rules and regulations as the SEC may grant (including, but not limited to, the Mixed and
Shared Funding Exemptive Order) and the terms hereof shall be interpreted and construed in
accordance therewith.

ARTICLE X
Termination

«	This Agreement shall terminate:

	(a) at the option of any party, with respect to some or all of the Authorized

Funds, upon sixty (60) days’ advance written notice to the other parties; or

(b) at the option of the Trust or the Distributor in the event that formal
administrative proceedings are instituted against the Company by the NASD, the SEC, any State
Insurance Commissioner or any other regulatory body regarding the Company’s duties under this
Agreement or related to the sales of the Contracts, with respect to the operation of any Separate
Account, or the purchase of the Trust shares, provided, however, that the Trust or the Distributor
determines in its sole judgment exercised in good faith, that any such administrative proceedings
will have a material adverse effect upon the ability of the Company to perform its obligations
under this Agreement; or

(c) at the option of the Company in the event that formal administrative
proceedings are instituted against the Trust or Distributor by the NASD, the SEC, or any state
securities or insurance department or any other regulatory body in respect of the sale of shares of
the Trust to the Company, provided, however, that the Company determines in its sole judgment
exercised in good faith, that any such administrative proceedings will have a material adverse
effect upon the ability of the Trust or Distributor to perform its obligations under this
Agreement; or

(d) with respect to any Separate Account, upon requisite vote of the Contract
owners or participants having an interest in such Separate Account (or any subaccount) to
substitute the shares of another investment company for the corresponding Authorized Fund
shares of the Trust in accordance with the terms of the Contracts for which those Authorized
Fund shares had been selected to serve as the underlying investment media. The Company will
give 30 days’ prior written notice to the Trust of the date of any proposed vote to replace the
Trust’s shares;

(e) with respect to any Authorized Fund, upon 30 days’ advance written
notice from the Distributor to the Company, upon a decision by the Distributor to cease offering
shares of the Trust for sale; or

(f) at the option of any party to this Agreement, upon written notice to the
other parties, upon another party’s material breach of any provision of this Agreement which
material breach is not cured within thirty (30) days of said notice.

10.2. It is understood and agreed that the right of any party hereto to terminate this
Agreement pursuant to Section 10.1 (a) may be exercised for any reason or for no reason.

10.3. No termination of this Agreement shall be effective unless and until the party
terminating this Agreement gives prior written notice to all other parties to this Agreement of its
intent to terminate, which notice shall set forth the basis for such termination. Such prior written
notice shall be given in advance of the effective date of termination as required by this Article X.

10.4. Notwithstanding any termination of this Agreement, subject to Sections 1.2 and
10.5 of this Agreement, the Trust and the Distributor shall, at the option of the Company,
continue to make available additional shares of the Trust pursuant to the terms and conditions of
this Agreement, for all Contracts in effect as of the effective date of termination of this
Agreement (hereinafter referred to as “Existing Contracts”). Specifically, subject to Sections 1.2
and 10.5 of this Agreement, the owners or participants of the Existing Contracts shall be
permitted to reallocate investments in the Trust, redeem investments in the Trust and/or invest in
the Trust upon the making of additional purchase payments under the Existing Contracts. The
parties agree that this Section 10.4 shall not apply to any termination under Article VII and the
effect of such Article VII termination shall be governed by Article VII of this Agreement.

10.5. If any party terminates this Agreement with respect to any Authorized Fund
pursuant to the provisions under Article X, the Agreement shall nevertheless continue in effect as
to any shares of the Trust that are outstanding as of the date of such termination (the “Initial
Termination Date”). This continuation shall extend to the earlier of (a) the date as of which an
Separate Account no longer owns shares of the affected Authorized Fund or (b) the date (the
“Final Termination Date”) as of 180 days following the Initial Termination Date, or, at the
Distributor’s option, such later date as is necessary for the Company to obtain a substitution
order from the SEC, the application for which the Company will diligently pursue.

10.6. The Company shall not redeem the Trust shares attributable to the Contracts (as
opposed to the Trust shares attributable to the Company’s assets held in either Separate Account)
except (i) as necessary to implement Contract owner or participant initiated transactions, or (ii)
as required by state and/or federal laws or regulations or judicial or other legal precedent of
general application (hereinafter referred to as a “Legally Required Redemption”). Upon request,
the Company will promptly furnish to the Trust and the Distributor an opinion of counsel for the
Company, reasonably satisfactory to the Trust, to the effect that any redemption pursuant to
clause (ii) above is a Legally Required Redemption. Furthermore, except in cases where
permitted under the terms of the Contracts, subject to Sections 1.2 and 10.5 of this Agreement,
the Company shall not prevent Contract owners or participants from allocating payments to an
Authorized Fund that is otherwise available under the Contracts without first giving the Trust or
the Distributor 90 days’ written notice of its intention to do so.

ARTICLE XI
Notices

Any notice shall be sufficiently given when sent by registered or certified mail to the
other party at the address of such party set forth below or at such other address as such party may
from time to time specify in writing to the other party.

If to the Trust:

ING Variable Insurance Trust
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000-0000
Attn: Chief Counsel

If to the Distributor:

ING Funds Distributor, LLC
c/o ING Funds Services, LLC
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000-0000
Attn: Chief Counsel

If to the Company:

ING Life Insurance and Annuity Company
000 Xxxxxxxxxx Xxxxxx, XX00
Xxxxxxxx, XX 00000
Attn: Counsel

ARTICLE XII
Miscellaneous

12.1. A copy of the Agreement and Declaration of Trust is on file with the Secretary of
State of the Commonwealth of Massachusetts, and notice is hereby given that this instrument is
executed on behalf of the Trustees of the Trust as the Trustees and not individually and that the
obligations of or arising out of this instrument, including without limitation Article VI, are not
binding upon any of the Trustees or shareholders individually but binding only upon the assets
and property of the Trust.

12.2. The captions in this Agreement are included for convenience of reference only
and in no way define or delineate any of the provisions hereof or otherwise affect their
construction or effect.

12.3. This Agreement may be executed simultaneously in two or more counterparts,
each of which taken together shall constitute one and the same instrument.

12.4. If any provision of this Agreement shall be held or made invalid by a court
decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

12.5. Each party hereto shall cooperate with each other party and all appropriate
governmental authorities (including without limitation the Securities and Exchange Commission,
the NASD and state insurance regulators) and shall permit such authorities reasonable access to
its books and records in connection with any investigation or inquiry relating to this Agreement
or the transactions contemplated hereby.

12.6. The rights, remedies and obligations contained in this Agreement are cumulative
and are in addition to any and all rights, remedies and obligations, at law or in equity, which the
parties hereto are entitled to under state and federal laws.

12.7. Notwithstanding any other provision of this Agreement, the obligations of the
Trust and the Distributor are several and, without limiting in any way the generality of the
foregoing, neither such party shall have any liability for any action or failure to act by the other
party, or any person acting on such other party’s behalf.

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed in its name and on its behalf by its duly authorized representative and its seal to be
hereunder affixed hereto as of the date first written above.

ING VARIABLE INSURANCE TRUST
By its authorized officer,

___________________________________
Name:
Title:

ING LIFE INSURANCE AND ANNUITY COMPANY
By its authorized officer,

___________________________________
Name:
Title:

ING FUNDS DISTRIBUTOR, LLC
By its authorized officer,

___________________________________
Name:
Title:

Schedule A

Separate Accounts

Separate Account One

Schedule B

ING VARIABLE INSURANCE TRUST

Authorized Portfolios:

ING GET U.S. Core Portfolio – Series 1
ING GET U.S. Core Portfolio – Series 2
ING GET U.S. Core Portfolio – Series 3
ING GET U.S. Core Portfolio – Series 4
ING GET U.S. Core Portfolio – Series 5
ING GET U.S. Core Portfolio – Series 6
ING GET U.S. Core Portfolio – Series 7
ING GET U.S. Core Portfolio – Series 8
ING GET U.S. Core Portfolio – Series 9
ING GET U.S. Core Portfolio – Series 10
ING GET U.S. Core Portfolio – Series 11
ING GET U.S. Core Portfolio – Series 12
ING GET U.S. Core Portfolio – Series 13
ING GET U.S. Core Portfolio – Series 14
ING VP Global Equity Dividend Portfolio

NSCC EXHIBIT

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 1.11 of the Participation Agreement, the parties hereby agree
to provide pricing information, execute orders and wire payments for purchase and redemptions
of Fund Shares through National Security Clearing Corporation (“NSCC”) and its subsidiary
systems as follows:

«	Distributor or the Funds will furnish to the Company or its affiliate through NSCC’s Mutual Fund Profile System (“MFPS”) (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 (4) 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 the Company or its affiliate by 6:30 p.m. Eastern time on each business day that the Fund is open for business (each a “Business Day”) or at such other time as that information becomes available. Changes in pricing information will be communicated to both NSCC and the Company or its affiliate.

«	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, the Company or its affiliate will calculate the net purchase or redemption order for each Fund. Orders for net purchases or redemptions derived from Instructions received by the Company 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 the Company’s or its affiliate’s compliance with the foregoing, the Company or its affiliate will be considered the agent of the Distributor and the Funds, and the Business Day on which Instructions are received by the Company 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 the Company 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.

«	The Company or its affiliate will wire payment for net purchase orders by the Fund’s NSCC Firm Number, in immediately available funds, to an NSCC settling bank account designated by the Company 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.

«	NSCC will wire payment for net redemption orders by Fund, in immediately available funds, to an NSCC settling bank account designated by the Company 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.

«	With respect to (c) or (d) above, if Distributor does not send a confirmation of the Company’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.

«	If on any day the Company 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 the Company or its affiliate, as applicable, as is otherwise provided in the Agreement.

«	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. The Company 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.

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FORM OF PARTICIPATION AGREEMENT Among ING VARIABLE INSURANCE TRUST and ING LIFE INSURANCE AND ANNUITY COMPANY and ING FUNDS DISTRIBUTOR, LLC

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