FT DEFINED PORTFOLIOS LLC
12b-1 SERVICE PLAN
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The following 12b-1 Service Plan (the "Plan") has been adopted pursuant to Rule
12b-1 under the Investment Company Act of 1940, as amended (the "1940 Act"), by
FT Defined Portfolios LLC (the "Company") for its series (each a "fund" and
collectively, the "funds") listed on Schedule A attached hereto. The Plan has
been approved for each Fund by a majority of the Company's Trustees, including a
majority of the Trustees who are not interested persons of the Company and who
have no direct or indirect financial interest in the operation of the Plan or in
any agreement related to the Plan (the "non-interested Trustees"), cast in
person at a meeting called for the purpose of voting on such Plan or agreements.
SECTION 1. ANNUAL FEES.
Each fund shall compensate Nike Securities L.P. (the "Distributor") a
service fee not to exceed 0.25% (1/4 of 1%) per annum of the average daily
net assets of each fund which is to be paid on a monthly basis.
The Distributor may use the service fee to compensate Allmerica Financial
Life Insurance and Annuity Company and others for providing account
services to policy owners. These services include (i) establishing and
maintaining policy owner accounts, (ii) answering inquiries, (iii)
providing other personal services to policy owners, (iv) providing
information periodically to contract owners showing their interest in the
separate account or subaccounts thereof that invest in the Company or any
funds thereof, (v) addressing inquiries of contract owners relating to
investing, exchanging or transferring, or redeeming interests under the
variable contracts, which inquiries may relate to the Company or any Funds
thereof, (vi) providing explanations to contract owners regarding fund
investment objectives and policies and other information about the Company
or any funds thereof, including the performance of the funds, (vii)
delivering any prospectuses, statements of additional information or annual
or semi-annual reports relating to the Company, and (viii) delivering any
notices of interest-holder meetings and proxy statements accompanying such
notices in connection with general and special meetings of interest-holders
of the Company under which contract owners may have voting rights and
tabulating the votes of contract owners tendering voting instructions to
the separate account.
SECTION 2. EXPENSES NOT COVERED BY THE PLAN.
First Trust Advisors, L.P. may use any portion of its advisory fee to
compensate the Distributor for expenses incurred in connection with the
sales and distribution of a fund's interests including, without limitation,
compensation of its sales force, expenses of printing and distributing
prospectuses to persons other than interest holders or policy owners,
expenses of preparing, printing and distributing advertising and sales
literature and reports to interests holders and policy owners used in
connection with the sale of a fund's interests, certain other expenses
associated with the distribution of interests of the funds, and any
distribution-related expenses that may be authorized from time to time by
the Board of Trustees.
All such expenses covered by the Plan shall be deemed incurred whether paid
directly by the Distributor or by a third party to the extent reimbursed
therefor by the Distributor.
SECTION 3. WRITTEN REPORTS.
The Distributor shall furnish to the Trustees, for their review, on a
quarterly basis, a written report of the monies paid by any fund under the
Plan or any related agreement and the purposes therefor, and shall furnish
the Trustees with such other information as the Trustees may reasonably
request in connection with payments made by any fund under the Plan or any
related agreement in order to enable the Trustees to make an informed
determination of whether the Plan should be continued.
SECTION 4. TERMINATION.
The Plan may be terminated at any time with respect to a given fund,
without penalty, by a vote of a majority of the non-interested Trustees or
by vote of a majority of the outstanding voting interests of the applicable
fund. Any agreement related to the Plan, including the Distribution
Agreement may be likewise terminated, without penalty, by vote of a
majority of the non-interested Trustees or by vote of a majority of the
outstanding voting securities on not more than 60 days' written notice to
any other party to the agreement. Such agreement shall also terminate
automatically in the event of its assignment. Once terminated, no further
payments shall be made under the Plan notwithstanding the existence of any
unreimbursed current or carried forward distribution expenses.
SECTION 5. AMENDMENTS.
The Plan may not be amended to increase materially the amount to be spent
for distribution and servicing of fund interests without approval by a
majority of the outstanding voting interests of the applicable fund. All
material amendments to the Plan and any related distribution agreement
shall be approved by the Trustees and the non-interested Trustees cast in
person at a meeting called for the purpose of voting on any such amendment.
SECTION 6. SELECTION OF INDEPENDENT TRUSTEES.
So long as the Plan is in effect, the selection and nomination of the
Trustees who are not interested persons of the Company shall be committed
to the discretion of such disinterested Trustees.
SECTION 7. EFFECTIVE DATE OF PLAN.
The Plan shall take effect as of the date hereof and, unless sooner
terminated, shall continue in effect for a period of more than one year
from the date of its execution only so long as such continuance is
specifically approved at least annually by the Trustees, including the
non-interested Trustees, cast in person at a meeting called for the purpose
of voting on such continuance.
Section 8. PRESERVATION OF MATERIALS.
The Company will preserve copies of the Plan, any agreements relating to
the Plan and any report made pursuant to Section 3 above, for a period of
not less than six years (the first two years in an easily accessible place)
from the date of the Plan, agreement or report.
Section 9. MEANINGS OF CERTAIN TERMS.
As used in the Plan, the terms "interested person" and "majority of the
outstanding voting securities" will be deemed to have the same meaning that
those terms have under the 1940 Act and the rules and regulations under the
1940 Act, subject to any exemption that may be granted to the Company under
the 1940 Act by the Securities and Exchange Commission.
Section 10. NON-LIABILITY OF CERTAIN PERSONS.
This agreement is executed or made by or on behalf of the Company by the
Member, Trustees or officers and not individually. The obligations of this
agreement are not binding upon any Member, Trustee, officer or Interest
holder of the Company individually and are binding only upon the assets and
property of the Company.
Adopted: December 11, 2000
SCHEDULE A
1. Nasdaq Target 15 Portfolio
2. First Trust 10 Uncommon Values Portfolio
