FIFTH AMENDMENT TO FUND PARTICIPATION AGREEMENT
Exhibit 24(b)(8.7) | ||
FIFTH AMENDMENT | ||
TO FUND PARTICIPATION AGREEMENT | ||
THIS FIFTH AMENDMENT dated as of October 15, 2013, by and between | ||
AllianceBernstein Investments, Inc. (the "Distributor") and ING Life Insurance and Annuity | ||
Company ("ING Life"), and ING Financial Advisers, LLC ("ING Financial") (collectively, | ||
"ING"), is made to the Fund Participation Agreement dated as of October 26, 2000, as | ||
amended. Terms defined in the Agreement are used herein as therein defined. | ||
WHEREAS, the parties now desire to amend the Agreement to update the list of Funds | ||
to make Class Z shares of the AllianceBernstein Funds available to clients of ING. | ||
NOW, THEREFORE, in consideration of the mutual benefits and promises contained | ||
herein, the parties hereby amend the Agreement as follows: | ||
Schedule B to the Agreement – List of Available Funds and Fee Schedule – is deleted | ||
in its entirety and replaced with the Schedule B attached hereto. | ||
Except as provided herein, the terms and conditions contained in the Agreement, shall | ||
remain in full force and effect. | ||
IN WITNESS WHEREOF, the parties hereto have caused this amendment to be | ||
executed in their names and on their behalf by and through their duly authorized officers as of | ||
the day and year set forth above. | ||
ING LIFE INSURANCE AND | ALLIANCEBERNSTEIN | |
ANNUITY COMPANY | INVESTMENTS, INC. | |
By: /s/Xxxx Xxxxxxx | By: /s/Xxxxxx X. Xxxxx | |
Name: | Xxxx Xxxxxxx | Name: Xxxxxx X. Xxxxx |
Title: | Vice President | Title: Assistant Secretary |
ING FINANCIAL ADVISERS, LLC | ||
By: /s/Xxxxxxx X. Xxxxxxx | ||
Name: | Xxxxxxx Xxxxxxx | |
Title: | President | |
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Schedule B | |||||
List of Available Funds | |||||
Class A shares of All AllianceBernstein Funds, including the AllianceBernstein Exchange Reserves Fund | |||||
Class R shares of All AllianceBernstein Funds, including the AllianceBernstein Exchange Reserves Fund | |||||
Class K shares of All AllianceBernstein Funds, including the AllianceBernstein Exchange Reserves Fund | |||||
Class I shares of All AllianceBernstein Funds, including the AllianceBernstein Exchange Reserves Fund | |||||
Class Z shares of All AllianceBernstein Funds (not applicable to the AllianceBernstein Exchange Reserves Fund) | |||||
Institutional Class shares of the AllianceBernstein Global Real Estate Investment Fund II [ARIIX] | |||||
Fee Schedule | |||||
As compensation for the services ING renders under the Agreement, Distributor will pay a fee to | |||||
ING equal to on an annual basis the rate set forth below multiplied by the average daily value of | |||||
the assets in ING accounts in the Funds. | |||||
Share Class | A | R | K | I | Z |
12b-1 Fees | ___% | ___% | ___% | ___% | ___% |
Service | ___% | ___% | ___% | ___% | ___% |
Fees* | |||||
Total Fees | ___% | ___% | ___% | ___% | ___% |
* No Service Fees shall be payable under the Agreement with respect to the AllianceBernstein | |||||
Exchange Reserves Fund or the Institutional Class shares of the AllianceBernstein Global Real | |||||
Estate Fund II. | |||||
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