Document:

Purchase Order No. 2 to the Program Services Agreement

 Exhibit 10.6.2 

PROGRAM SERVICES AGREEMENT 

Between 

ING Life Insurance and Annuity Company 

and 
 ABA
Retirement Funds 
 Purchase Order No. 2 

This is Purchase Order No. 2 to the Program Services Agreement between ING Life Insurance and Annuity Company and ABA Retirement Funds (“ABA
RF”) effective May 1, 2009 (the “Agreement”). 
  

	I.	Describe the Current Service Being Changed (If unrelated to any existing service, do not complete): 

 

	 	A.	This Purchase Order specifically addresses replacing State Street Bank and Trust Company of New Hampshire with NTI as the trustee of the ABA Members Collective Trust.

  

	II.	Describe the Reason for Making the Change: 

  

	 	A.	During the negotiation of the Agreement ING and the ABA RF discussed the future need to build the necessary interface with NTI to transmit daily trading data and
receive daily NAV’s at the time NTI became trustee. The interface specifications and cost estimates for building the interface were not available at the time of negotiation. Therefore a Purchase Order is necessary to define and cost the
project. 

  

	III.	The Proposed Change: 

  

	 	A.	Build and test two custom electronic feeds as described in Attachment D of the Program Interface Agreement between IPS and Northern Trust 

 

	 	•	 	 Feed 1: for IPS to transmit daily Fund account activity to NTI and 

	 	•	 	 Feed 2: for NTI to delivery NAVs to IPS. 

  

	 	B.	Attendance and preparation for project meetings (external) sessions from March 2010 through July 2010 for IPS Implementation Services and IT project personnel not
otherwise part of the ABA RF Program Services Unit required by the Agreement (see Section VII for additional staffing details). Meetings consist of reviewing ING Best Practices, tracking requirements and Action Items Log. 

 

	 	C.	Development of business and functional design documents that highlight any areas requiring development based upon the findings from the project meeting sessions.

  

 Page 1 

	 	D.	Anticipated areas of development are IPS recordkeeping system, 5500 system, government filings (eg. 1099R’s, 5500’s) and all reports and feeds provided to the
Trustee and or list the Trustee by name or EIN. 

  

	IV.	Why the Change is Outside the Scope of the Current Agreement (or the Statement of Work): 

 

	 	A.	The daily data feeds with NTI are new since the current Agreement was executed. The data feeds are custom and unique to the ABA Members Collective Trust upon NTI
becoming Trustee. 

 Fee Schedule Changes (Including implementation costs and hourly rates, if applicable):

 One-time Project
Costs                                        
                $60,000 
  

	VI.	Implementation Plan and Timetable: 

Implementation of the new trustee will be on or around July 1, 2010. 

 

	VII.	Staffing For the Implementation and Ongoing Services: 

There will be no additions to ongoing staffing levels. The project will be staffed with appropriate Implementation Services (project) Team
personnel and IT personnel necessary to complete the changes outlined in Section III. Additionally, the project will be supported by dedicated employees within the ABA RF Program Services Unit. 

Please see Attachment A which summarizes the project resources broken out by job type with total estimated project hours for each
role. The resources are separated by project resources, for which the fee applies, and dedicated Program Services Unit resources, for which there is no additional cost. 

 

	VIII.	ABA RF Monitoring: 

 ABA
Retirement Funds Staff will be invited to participate in regularly scheduled project meetings to monitor the progress of the project. At the completion of the project an accounting of the total hours spent will be provided. 

 

	VIII.	Miscellaneous: 

 Except as
otherwise specifically provided herein, all other terms and conditions of the Agreement remain unchanged. All terms and conditions of this Purchase Order constitute an integral part of the Agreement following execution of the Purchase Order and are
subject to all of the terms and conditions of the Agreement. 
  

 Page 2 

 IN WITNESS WHEREOF, each of the parties hereto have had this Purchase Order executed by its
duly authorized representative evidencing that party’s agreement to the terms and conditions contained herein, effective April 28, 2010. 
  

									
	ABA Retirement Funds	 		 	ING LIFE INSURANCE AND ANNUITY COMPANY
					
	By:	 	/s/ Diane J. Fuchs	 		 	By:	 	/s/ Beth Halberstadt
					
	Name:	 	Diane J. Fuchs	 		 	Name:	 	Beth Halberstadt
					
	Title:	 	President	 		 	Title:	 	
					
	Date:	 	March 18, 2010	 		 	Date:	 	April 28, 2010

  

 Page 3Purchase Order No. 3 to the Program Services Agreement

 Exhibit 10.6.3 

PROGRAM SERVICES AGREEMENT 

Between 

ING Life Insurance and Annuity Company 

and 
 ABA
Retirement Funds 
 Purchase Order No. 3 

This is Purchase Order No. 3 to the Program Services Agreement between ING Life Insurance and Annuity Company and ABA Retirement Funds (“ABA
RF”) effective May 1, 2009 (the “Agreement”). 
  

	I.	Describe the Current Service Being Changed (If unrelated to any existing service, do not complete): 

 

	 	A.	This Purchase Order specifically addresses the modification of the Investment Options being offered on behalf of the Program. 

 

	II.	Describe the Reason for Making the Change: 

  

	 	A.	As part of Phase II of the investment structure enhancements, Northern Trust recommends adding new Investment Options to be implemented on or about August 15,
2010. 

  

	III.	The Proposed Change: 

  

	 	A.	Adding up to 3 new funds, terminating and mapping assets in the Balanced Fund to the Moderate Risk Fund. 

 

	 	B.	Attendance and preparation for project meetings (external) sessions from May 2010 through August 2010 for IPS Implementation Services and IT project personnel not
otherwise part of the ABA RF Program Services Unit required by the Agreement (see Section VII for additional staffing details). Meetings consist of reviewing ING Best Practices, tracking requirements and Action Items Log. 

 

	 	C.	Development of business and functional design documents that highlight any areas requiring development based upon the findings from the project meeting sessions.

  

	 	D.	Anticipated areas of development are IPS recordkeeping system, Voice Response Unit, Pweb (participant website) and all reports and forms provided to participants and
sponsors showing the Investment Options. This includes updating over 4,000 Plan Profiles to reflect the new funds, downloads for Census reports and files and downloads to the AB70 subsystem and 5500 software. 

 

 Page 1 

	IV.	Why the Change is Outside the Scope of the Current Agreement (or the Statement of Work): 

 

	 	A.	The total number of new investment options and timing of implementation were not defined when the current Agreement was executed. 

Fee Schedule Changes (Including implementation costs and hourly rates, if applicable): 

One-time Project
Costs                                        
                $95,000 
  

	VI.	Implementation Plan and Timetable: 

Implementation of the potential new Investment Options on or about August 15, 2010. 

 

	VII.	Staffing For the Implementation and Ongoing Services: 

There will be no additions to ongoing staffing levels. The project will be staffed with appropriate Implementation Services (project) Team
personnel and IT personnel necessary to complete the changes outlined in Section III. Additionally, the project will be supported by dedicated employees within the ABA RF Program Services Unit. 

Please see Attachment A which summarizes the project resources broken out by job type with total estimated project hours for each
role. The resources are separated by project resources, for which the fee applies, and dedicated Program Services Unit resources, for which there is no additional cost. 

 

	VIII.	ABA RF Monitoring: 

 ABA
Retirement Funds Staff will be invited to participate in regularly scheduled project meetings to monitor the progress of the project. At the completion of the project an accounting of the total hours spent will be provided. 

 

	VIII.	Miscellaneous: 

 Except as
otherwise specifically provided herein, all other terms and conditions of the Agreement remain unchanged. All terms and conditions of this Purchase Order constitute an integral part of the Agreement following execution of the Purchase Order and are
subject to all of the terms and conditions of the Agreement. 
  

 Page 2 

 IN WITNESS WHEREOF, each of the parties hereto have had this Purchase Order executed by its
duly authorized representative evidencing that party’s agreement to the terms and conditions contained herein, effective April 28, 2010. 
  

									
	ABA Retirement Funds	 		 	ING LIFE INSURANCE AND ANNUITY COMPANY
					
	By:	 	/s/ Diane J. Fuchs	 		 	By:	 	/s/ Beth Halberstadt
					
	Name:	 	Diane J. Fuchs	 		 	Name:	 	Beth Halberstadt
					
	Title:	 	President	 		 	Title:	 	
					
	Date:	 	March 18, 2010	 		 	Date:	 	April 28, 2010

  

 Page 3Guaranty made as of April 10, 2009 by Northern Trust Corporation

 Exhibit 10.7 

GUARANTY 

This GUARANTY (“Guaranty”) is made as of April 10, 2009 by Northern Trust Corporation, a Delaware
corporation (“NTC”), in favor of the ABA Retirement Funds, an Illinois not-for-profit corporation (“ABA RF”). 

WHEREAS, The Northern Trust Company, an Illinois banking corporation (“Northern Trust”) and ABA RF have
heretofore entered into a Fiduciary Investment Services Agreement, dated August 15, 2008 (the “FISA”) pursuant to which Northern Trust has agreed to provide certain trustee, fiduciary and related services with respect to the
“Program,” as defined in the FISA, in consideration of the mutual promises and covenants contained therein; 

WHEREAS, Section 8.10 of the FISA obligates Northern Trust to deliver a guaranty by NTC of Northern Trust’s
obligations under the FISA; 
 WHEREAS, NTC hereby acknowledges that, as the sole stockholder of Northern Trust,
it will derive a significant financial benefit from the FISA. 
 NOW, THEREFORE, in consideration of the
foregoing, and for other good and valuable consideration, the receipt of which hereby is acknowledged, NTC agrees as follows: 
  

	 	1.	 Guaranty. 

(a)    NTC hereby unconditionally and irrevocably guarantees to ABA RF the prompt and full
performance and payment when due of any and all Obligations (as defined below) of Northern Trust owing to ABA RF, and agrees to pay, upon demand by ABA RF or as otherwise may be required by a court of competent jurisdiction, any and all amounts that
may be or become payable, and to cause to be performed, all services required to be performed, by Northern Trust under the FISA or applicable law (individually and collectively, the “Obligations”). NTC also guarantees to ABA RF, the
payment of any and all expenses reasonably incurred by ABA RF (including reasonable attorneys’ fees and disbursements) in connection with the enforcement of this Guaranty. 

(b)    This Guaranty is a continuing guaranty of the full and punctual payment of the Obligations and
not of their collectibility only, and is in no way conditioned upon any requirement that ABA RF attempt to collect any of the Obligations from Northern Trust or from any other party now or hereafter primarily or secondarily liable for any or all the
Obligations. Furthermore, the liability of NTC hereunder shall be absolute and unconditional, irrespective of (i) the validity or enforceability of the Obligations, (ii) any settlement, compromise, waiver or release by Northern Trust in
respect of any of the Obligations, by operation of law or otherwise; (iii) any extension, renewal, modification, amendment or supplement to the FISA or any other related instrument or document; (iv) any change in the structure or ownership
of NTC or Northern Trust; (v) any insolvency, bankruptcy, reorganization or similar proceeding affecting Northern Trust; (vi) the existence of any claim, setoff or other rights that NTC may have at any time against Northern Trust, whether
in connection with this Guaranty or otherwise; or (vii) any other act or omission to act or delay of any kind by Northern Trust or ABA RF or any other person, firm or corporation or any other circumstance whatsoever that might, but for the
provisions of this paragraph, constitute a legal or equitable defense to, or discharge of, any of NTC’s liabilities or obligations hereunder. ABA RF shall be entitled to enforce its rights hereunder without regard to any action taken or not
taken by any other such party. 

 (c)    Notice of acceptance of this Guaranty is hereby
waived. NTC waives demand, presentment, protest and notice of any kind; and agrees that (i) any renewal, extension or postponement of the time of performance or payment of the Obligations or any other indulgence and (ii) any modification,
supplement or alteration of any of the Obligations, may be effected without notice to and without releasing NTC. 

(d)    NTC hereby agrees not to assert any right, claim or cause of action, including, without
limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against Northern Trust arising out of or by reason of this Guaranty or the obligations hereunder, including, without limitation, the payment or securing or purchasing
of any of the Obligations of Northern Trust unless and until the Obligations are performed or indefeasibly paid in full. 

2.    Effect of Bankruptcy.    If any payment received by
ABA RF from Northern Trust with respect to the Obligations is subsequently recovered from, or repaid by ABA RF, as a result of any bankruptcy, reorganization, receivership, dissolution, liquidation, or other insolvency proceeding, this Guaranty
shall continue to be effective as though such payment had not been made. This provision shall survive any termination of this Guaranty. 

3.    Waiver of Jury Trial.    NTC hereby waives any right it might
otherwise have to demand that any claim, dispute or controversy arising hereunder be submitted to a trial by jury in any action brought by ABA RF to enforce its rights under this Guaranty. 

4.    No Abrogation.    Nothing in this Guaranty shall be
interpreted as abrogating, limiting or interfering with any rights of ABA RF (and its members, directors, officers and employees) under the FISA. 

5.    No Assignment.    This Guaranty may not be assigned by ABA RF
without the express written consent of NTC. 
 6.    Governing Law; Consent to
Jurisdiction.    THIS GUARANTY SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING WITHOUT LIMITATION, 735 ILCS SECTION 105/5-1 ET. SEQ., BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF
THE STATE OF ILLINOIS. NTC AND ABA RF EACH HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
GUARANTY, AND NTC AND ABA RF EACH HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF
ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. 
  

 2 

 EXECUTED as of the date first set forth above. 

 

			
	 NORTHERN TRUST CORPORATION

		
		 	
		
	By:	 	 /s/ Timothy Theriault

		
	 Name:
	 	 Timothy Theriault

		
	 Title:
	 	 President – C&IS

 

			
	 Attest:

	
	
	
	
	
	
		
	By:	 	 /s/ Dale K. Nichols

		
	 Name:
	 	 Dale K. Nichols

		
	 Title:
	 	 Assistant General Counsel

 

 3

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