This Amendment to the Selling and Services Agreement and Participation Agreement
| Exhibit 24(b)(8.8) THIRD AMENDMENT TO SELLING AND SERVICES AGREEMENT AND PARTICIPATION AGREEMENT | ||
| This Amendment to the Selling and Services Agreement and Participation Agreement | ||
| (“Amendment”) is effective as of date set forth below by and between American Beacon | ||
| Advisors, Inc. (“AmBeacon”), and ING Life Insurance and Annuity Company (“ING Life”), | ||
| ING Institutional Plan Services, LLP (“ING Institutional”), and ING Financial Advisors, LLC | ||
| (“ING Financial”)(collectively “ING”) | ||
| Whereas, AmBeacon and the Servicing Agent entered into a Selling and Services | ||
| Agreement and Participation Agreement dated June 6, 2008, First Amendment dated February 9, | ||
| 2009 and Second Amendment dated July 14, 2009 (the “Agreement”), regarding the American | ||
| Beacon Funds, (the “Funds”) and the parties desire to further amend the Agreement as provided | ||
| herein; | ||
| Now therefore, in consideration of the mutual covenants and promises set forth herein, | ||
| and other good and valuable consideration, the receipt and sufficiency of which are hereby | ||
| acknowledged, the parties hereby agree as follows: | ||
| 1. | Amendment. Schedule B and Schedule C to the Agreement are hereby deleted | |
| and replaced with Schedule B and Schedule C attached hereto. | ||
| 2. | Ratification and Confirmation of Agreement. Except as specifically set forth | |
| herein, the Agreement is hereby ratified and confirmed in all respects and shall remain in full | ||
| force and effect. | ||
| 3. | Counterparts. This Amendment may be executed in counterparts, each of which | |
| shall be deemed to be an original, but all of which together shall constitute one and the same | ||
| instrument. | ||
| IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment to be | ||
| effective as of the 25th day of January, 2010. | ||
| ING LIFE INSURANCE AND | ING INSTITUTIONAL PLAN SERVICES, LLC | |
| ANNUITY COMPANY | ||
| By: /s/ Xxxx X. Xxxxxxx | By: /s/ Xxxxxxxx Xxxxxxxxx, Attorney in Fact | |
| Xxxx X. Xxxxxxx | Xxxxxxxx Xxxxxxxxx, Attorney in Fact | |
| Vice President | Vice President | |
| ING FINANCIAL ADVISORS, LLC | AMERICAN BEACON ADVISORS, INC | |
| By: /s/ Xxxxxxx X. Xxxx | By: /s/ Xxxxx X. Xxxxx | |
| Xxxxxxx Xxxx | Xxxxx X. Xxxxx | |
| Vice President | Vice President, Sales | |
| SCHEDULE B |
| List of Available Funds |
| All Institutional class shares of American Beacon Funds |
| All Investor class shares of American Beacon Funds |
| All Advisor class shares of American Beacon Funds |
| All Retirement class shares of American Beacon Funds |
| All Y class shares of American Beacon Funds |
| 2 |
| SCHEDULE C | |||
| FEE SCHEDULE | |||
| As compensation for the services ING renders under the Agreement, AmBeacon will pay | |||
| a fee to ING Financial equal to an annual basis the rate set forth below multiplied by the average | |||
| daily value of the assets in ING accounts in the Funds. | |||
| Service | 12b-1 Fees | Total Fees | |
| Fund | Fees | ||
| American Beacon Funds-Institutional Class | % | % | % |
| American Beacon Funds-Investor Class | % | % | % |
| American Beacon Funds-Advisor Class | % | % | % |
| American Beacon Funds-Retirement Class | % | % | % |
| American Beacon Funds-Y Class | % | % | % |
| Dated: January 25, 2010 | |||
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