PARTICIPATION AGREEMENT AMONG EQ ADVISORS TRUST MONY LIFE INSURANCE COMPANY AXA DISTRIBUTORS, LLC AND AXA ADVISORS, LLC

Exhibit (h)(7)

AMONG

EQ ADVISORS TRUST

MONY LIFE INSURANCE COMPANY

AXA DISTRIBUTORS, LLC

AND

AXA ADVISORS, LLC

THIS AGREEMENT, made and entered into as of the February 2006 by and among MONY LIFE INSURANCE COMPANY, a New York insurance company (“MONY”), on its own behalf and on behalf of the separate accounts set forth on Schedule B hereto as may be amended from time to time (each an “Account”), EQ ADVISORS TRUST, a business trust organized under the laws of the State of Delaware (“Trust”), AXA DISTRIBUTORS, LLC, a Delaware limited liability company, and AXA ADVISORS, LLC, a Delaware limited liability company (the latter two, collectively, the “Distributors”).

WHEREAS, the Trust engages in business as an open-end management investment company and is available to act as the investment vehicle for the separate accounts (“Accounts”) of both affiliated and unaffiliated life insurance companies (“Participating Insurance Companies”) in connection with the sale of variable life insurance policies, variable annuity contracts and certificates relating to such policies or contracts (“Variable Contracts”) and for tax qualified retirement plans (“Qualified Plans”) each of whom has entered into a participation agreement with the Trust and its Distributors; and

WHEREAS, the beneficial interests in the Trust are divided into series of shares (each a “Portfolio”), each representing the interest in a particular managed portfolio of securities and other assets, and each Portfolio is divided or may be divided into one or more classes of shares, i.e., currently the Class IA shares and the Class IB shares, and such other classes of shares as may be created in the future (the “Classes”); and

WHEREAS, one or more Portfolios or Classes thereof may be made available by the Trust to serve as funding vehicles for Participating Insurance Companies and their Separate Accounts funding Variable Contracts; and

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

WHEREAS, the Securities and Exchange Commission (“SEC”) has granted exemptions from the provisions of Sections 9(a), 13(a), 15(a), and 15(b) of the 1940 Act and Rules 6e-2(b)(15) and 6e-3(T)(b)(15) thereunder, to the extent necessary to permit shares of the Trust and each of its Portfolios and Classes to be sold to and held by Separate Accounts funding Variable Contracts of Participating Insurance Companies and to Qualified Plans (“Shared Funding Exemptive Order”); and

WHEREAS, each Account is a duly organized, validly existing segregated asset account, established by resolution of the Board of Directors of MONY or through properly delegated authority, and divided into subaccounts, to set aside and invest assets attributable to the Variable Contracts issued by MONY (the “MONY Contracts”); and

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

WHEREAS, to the extent permitted by applicable insurance laws and regulations, MONY intends to purchase shares in the Portfolios listed on Schedule A hereto as may be amended from time to time (the “Designated Portfolios”) on behalf of each Account, in order to fund certain MONY Contracts currently outstanding and each Distributor is authorized to sell such shares to each Account at the net asset value applicable to such Portfolios and Class thereof.

NOW, THEREFORE, in consideration of their mutual promises, MONY, the Trust and each of the Distributors agree as follows:

ARTICLE I. Sale of Trust Shares

1.1. Each of the Distributors agrees to sell to each Account those shares of the Designated Portfolios and Class thereof for which it serves as the Trust’s principal underwriter and which the Account orders, executing such orders on a daily basis at the net asset value per share next computed after receipt by the Trust or its designee of the order for the shares of the Designated Portfolios and Class thereof. For purposes of this Section 1.1, MONY or its designee (but not the Account) shall be considered to be the designee of the Trust for receipt of such purchase orders and, in this regard only, receipt of such orders by MONY or its designee shall constitute receipt by the Trust for purposes of calculating each Portfolio’s net asset value per share, provided that: (i) MONY notifies the Trust of such purchase orders by no later than 10:00 a.m. Eastern time on the next Business Day, as defined in this Section 1.1, following the receipt by MONY of the purchase orders; and (ii) the purchase orders received by MONY are in good order prior to the time the net asset value of each Portfolio is calculated. “Business Day” shall mean any day on which the New York Stock Exchange is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC.

1.2. The Trust agrees to make its shares of the Designated Portfolios and Class thereof available for purchase by each Account at the applicable net asset value per share on those days on which the Trust calculates the net asset value per share of the Designated Portfolios and Class thereof pursuant to rules of the SEC. The Trust shall calculate the net asset value per share of the Designated Portfolios and Class thereof on each day on which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Board of Trustees of the Trust (“Board”) may refuse to sell shares of any Designated Portfolio or Class thereof to any person, or suspend or terminate the offering of shares of any Portfolio or Class thereof, if such action is required by law or by regulatory authorities having jurisdiction or is, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under federal and any applicable state laws, necessary in the best interests of the shareholders of such Portfolio or Class thereof.

1.3. The Trust and each of the Distributors agree that shares of the Designated Portfolios and Class thereof will be sold only to Participating Insurance Companies and/or their separate accounts funding Variable Contracts or to other persons or entities permitted under Section 817 of the Internal Revenue Code of 1986, as amended (“Code”), or regulations promulgated thereunder. No shares of any Portfolio will be sold to the general public, except to the extent permitted under the Code and regulations promulgated thereunder.

1.4. The Trust and each of the Distributors will not sell Trust shares to any Participating Insurance Company or Separate Account funding Variable Contracts unless a Participation Agreement containing provisions substantially the same as Articles I, III, V, and VII and Section 2.4 of Article II of this Agreement is in effect to govern such sales. The Trust and each of the Distributors will not sell Trust shares in excess of 10% of the assets of the Trust to a Qualified Plan unless a Participation Agreement containing provisions substantially the same as Articles I, III, V and VII of this agreement are in effect to govern such sales.

1.5. The Trust agrees to redeem for cash, at the request of each Account or MONY or its designee, any full or fractional shares of the Trust held by the Account or MONY. The Trust will execute such requests on a daily basis at the net asset value per share of the Designated Portfolios and Class thereof next computed after receipt by the Trust or its designee of the request for redemption, without charge. For purposes of this Section 1.5, MONY or its designee (but not the Account) shall be considered the designee of the Trust for receipt of requests for redemption, and, in this regard only, receipt of such requests by MONY or its designee shall constitute receipt by the Trust for purposes of calculating each Portfolio’s net asset value per share, provided that: (i) MONY notifies the Trust of such redemption requests by no later than 10:00 a.m. Eastern time on the next Business Day, as defined in Section 1.1, following the receipt by MONY of the redemption requests; and (ii) such redemption requests received by MONY are in good order prior to the time the net asset value of each Portfolio is calculated.

1.6. MONY agrees that purchases and redemption of shares of the Designated Portfolios and Class thereof offered by a then-current prospectus of the Trust shall be made in accordance with the provisions of such prospectus, including, without limitation, the Trust’s policies and procedures regarding “market timing” and disruptive transfer activity. MONY agrees to use its best efforts and to cooperate with the Trust and the Distributors to enforce stated prospectus policies and procedures regarding transactions in shares of the Designated Portfolios and Class thereof, including those related to “market timing” and disruptive transfer activity.

1.7. MONY shall pay for shares of Designated Portfolios and Class thereof that are purchased for each Account in accordance with Section 1.1 hereof by no later than 1:00 p.m. Eastern time on the same Business Day on which notice of the purchase order for Trust shares is given to the Trust in accordance with the provisions of Section 1.1 hereof. The Trust shall pay redemption proceeds for shares that are redeemed in accordance with Section 1.5 hereof by no later than 1:00 p.m. Eastern time on the same Business Day on which notice of the redemption request is given to the Trust in accordance with the provisions of Section 1.5 hereof. Payment shall be in federal funds transmitted by wire. For purposes of Sections 2.10 and 2.11, upon receipt by the Trust of the federal funds so wired, such funds shall cease to be the responsibility of MONY and shall become the responsibility of the Trust; and upon receipt by MONY of federal funds so wired such funds shall cease to be the responsibility of the Trust and shall become the responsibility of MONY.

1.8. Issuance and transfer of the shares of the Designated Portfolios thereof will be by book entry only. Stock certificates will not be issued to MONY or the Account. Shares ordered from the Trust will be recorded in an appropriate title for the Account or the appropriate subaccount of the Account.

1.9. The Trust shall furnish same day notice to MONY or its designee (by wire or telephone, followed by written confirmation) of any income, dividends or capital gain distributions payable on the shares of the Designated Portfolios and Class thereof. MONY and each Account hereby elect to receive all such income, dividends and capital gain distributions as are payable on the shares of the Designated Portfolios and Class thereof in additional shares of the relevant Designated Portfolios and Class thereof. (MONY and the Account reserve the right to revoke this election and to receive all such income, dividends and capital gain distributions in cash.) The Trust shall provide notification by the end of the

next Business Day of the number of shares so issued as payment of such dividends and distributions. The Trust shall provide advance notice to MONY and the Account or their designee of any date on which the Trust reasonably expects to make a dividend distribution; normally this notice will be given at least ten (10) days in advance of the ex-dividend date.

1.10. The Trust shall make the net asset value per share for each Designated Portfolio and Class thereof available to MONY and the Account or their designee on each Business Day as soon as reasonably practicable after the net asset value per share is calculated and shall use its best efforts to make such net asset value per share available by 7:00 p.m. Eastern time each Business Day. In the event that the Trust is unable to meet the 7:00 p.m. time stated herein, it shall provide additional time for MONY to place orders for the purchase and redemption of shares. Such additional time shall be equal to the additional time which the Trust takes to make the net asset value available to MONY. If the Trust provides materially incorrect share net asset value information, the Trust shall make an adjustment to the number of shares purchased or redeemed for the Account to reflect the correct net asset value per share. Any material error in the calculation or reporting of net asset value per share, dividend or capital gains information shall be reported promptly upon discovery to MONY or its designee.

1.11. The Trust shall furnish written confirmation to MONY or its designee of the amount of shares traded and the associated cost per share (NAV), total trade amount and the outstanding share balances held by the Account in each Designated Portfolio as of the end of each Business Day. Such confirmation will be furnished by 1:00 p.m. eastern time on the next Business Day.

1.12. Each party to this Agreement shall have the right to rely on information or confirmations provided by any other party and shall not be liable in the event that an error results from incorrect information or confirmations supplied by any other party.

ARTICLE II. Representations and Warranties

2.1. MONY represents and warrants that: (a) it is an insurance company duly organized and in good standing under applicable law; (b) it has legally and validly established each Account, prior to any issuance or sale of interests therein, as a segregated asset account under applicable insurance laws; (c) the MONY Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws, including applicable anti-money laundering laws and regulations; and (d) the sale of the MONY Contracts will comply in all material respects with state insurance suitability requirements.

2.2. The Trust represents and warrants that Trust shares sold pursuant to this Agreement shall be: (a) registered under the 1933 Act; and (b) duly authorized for issuance; and (c) sold in compliance, in all material respects, with all applicable federal securities laws. The Trust further represents and warrants that it is and shall remain registered under the 1940 Act. The Trust shall amend its registration statement under the 1933 Act and the 1940 Act (the “Registration Statement”) from time to time as required in order to effect the continuous offering of shares of the Designated Portfolios and Class thereof. This requirement shall not, however, in any manner limit the Trust’s ability to cease offering shares in one or more of the Designated Portfolios or Class thereof, provided such action complies with applicable laws and regulations.

2.3. Subject to Article VI hereof, MONY represents that the MONY Contracts are currently treated as life insurance contracts under applicable provisions of the Code and that it will make every effort to maintain such treatment and that it will notify the Trust and each of the Distributors immediately upon having a reasonable basis for believing that the MONY Contracts have ceased to be so treated or that they might not be so treated in the future.

2.4. The Trust currently intends for one or more Classes, particularly Class IB, to make payments to finance its distribution expenses pursuant to a Plan adopted under Rule 12b-1 under the 1940 Act, although it may determine to discontinue such practice in the future. To the extent that any Class of the Trust finances its distribution expenses pursuant to a Plan adopted under Rule 12b-1, the Trust undertakes to have a Board, a majority of whose members are not interested persons of the Trust or each of the Distributors (or the then-current principal underwriters) or The Equitable Life Assurance Society of the United States, as Investment Manager of the Trust, and to otherwise comply with any then current SEC and SEC staff interpretations concerning Rule 12b-1 or any successor provision.

2.5. The Trust makes no representation as to whether any aspect of its operations (including, but not limited to, fees and expenses and investment policies) complies with the insurance laws or regulations of the various states, except that the Trust represents that the investment objectives, policies, fees and expenses of each of the Designated Portfolios and Class thereof are and shall at all times remain in compliance with the insurance laws of the State of New York, and the Trust and each of the Distributors severally represent that their respective operations are and shall at all times remain in compliance, in all material respects, with the insurance laws of the State of New York to the extent required to perform their respective obligations under this Agreement.

2.6. Each of the Distributors represents and warrants that: (a) it is a member in good standing of the NASD and (b) it is registered as a broker-dealer with the SEC and all necessary states. Each Distributor further represents that it will sell and distribute the Trust’s shares in accordance with the laws of the State of New York and all applicable federal and state securities laws, including without limitation the 1933 Act, the 1934 Act, the 1940 Act, and all applicable Rules of the NASD.

2.7. The Trust represents that it is lawfully organized and validly existing under the laws of the State of Delaware and that it does and will comply, in all material respects, with the 1940 Act.

2.8. The Trust and each of the Distributors severally represent and warrant that all of their trustees, directors, officers, employees, investment managers and investment advisers, and other individuals/entities dealing with the money and/or securities of the Trust are and shall 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 required by Rule 17g-1 under the 1940 Act or such related provisions as may be promulgated from time to time. The aforesaid fidelity bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

2.9. MONY represents and warrants that all of its directors, officers, employees, and other individuals/entities dealing with the money and/or securities of the Trust are covered by a blanket fidelity bond or similar coverage. MONY represents and warrants that said fidelity bond is issued by a reputable bonding company, includes coverage for larceny and embezzlement, and is in an amount not less than $5 million. MONY agrees to make all reasonable efforts to see that this fidelity bond or another bond containing these provisions is continuously in effect and agrees to notify the Trust and each of the Distributors in the event that such coverage no longer applies.

ARTICLE III. Prospectuses and Proxy Statements’ Voting

3.1. The Trust or the Distributors shall provide MONY with as many printed copies of the Trust’s current prospectus and Statement of Additional Information and any supplements thereto for the Designated Portfolios and Class thereof as MONY may reasonably request. In addition, with respect to prospectuses, supplements and Statements of Additional Information for the Designated Portfolios thereof

provided by MONY to existing owners of MONY Contracts (“Contractowners”) in order to update information provided to existing Contractowners, the cost of preparing, printing, mailing and otherwise distributing such prospectuses and Statements of Additional Information and any supplements thereto to MONY for its distribution to existing Contractowners shall be borne by the Trust. If requested by MONY, in lieu of providing MONY with printed copies of the Trust’s prospectus and Statement of Additional Information and any supplement thereto, the Trust shall provide MONY with a final copy of the Trust’s current prospectus or Statement of Additional Information or supplement in a form suitable for duplication either in paper form (a camera ready copy) or on diskette or by other electronic means. The Trust and the Distributors shall also provide such other assistance as is reasonably necessary in order for MONY to have the Trust’s prospectus and Statement of Additional Information or supplement printed for distribution to existing Contractowners.

MONY agrees to provide the Trust or its designee with such information as may be reasonably requested by the Trust to assure that the Trust’s expenses or the expenses of its Class shares do not include the cost of printing, mailing and otherwise distributing any prospectuses, Statements of Additional Information or supplements thereto for the Designated Portfolios thereof other than those actually distributed to MONY for its distribution to existing Contractowners.

3.2. The Trust’s prospectus for the Designated Portfolios and Class thereof shall state that the Statement of Additional Information for the Designated Portfolios and Class thereof is available from the Distributors (or in the Trust’s discretion, the prospectus shall state that such Statement of Additional Information is available from the Trust).

3.3. The Trust, at its expense, shall provide MONY with copies of its proxy statements, Annual and Semi-Annual Reports to shareholders, and other communications to shareholders in such quantities as MONY shall reasonably require for its mailing or otherwise distributing such materials to existing Contractowners and the Trust shall assume all expenses associated with mailing or otherwise distributing those materials.

3.4. If and to the extent required by law, MONY shall:

(a) solicit voting instructions from Contractowners;

(b) vote the Trust shares for the Designated Portfolios and Class thereof in accordance with instructions received from Contractowners; and

(c) vote Trust shares for the Designated Portfolios and Class thereof for which no instructions have been received in the Account in the same proportion as Trust shares for the Designated Portfolios and Class thereof for which instructions have been received so long as and to the extent that the SEC continues to interpret the 1940 Act to require pass-through voting privileges for Contractowners. MONY reserves the right to vote Trust shares held in the Account in its own right, to the extent permitted by law. Participating Insurance Companies shall be responsible for assuring that each of their Separate Accounts participating in the Trust calculates voting privileges in a manner consistent with the standards adopted by the Board, which standards will be provided to all other Participating Insurance Companies.

3.5. The Trust will comply with all provisions of the 1940 Act requiring voting by shareholders, and in particular the Trust will comply with Section 16(c) of the 1940 Act as well as with Sections 16(a) and, if and when applicable, Section 16(b). Further, the Trust will act in accordance with the SEC or SEC staff’s written interpretation concerning the requirements of Section 16(a) with respect to periodic elections of Trustees and with whatever rules the SEC may promulgate with respect thereto.

ARTICLE IV. Sales Material and Information

4.1. MONY shall not give any information or make any representations or statements on behalf of the Trust or concerning the Trust in connection with its receipt of net premiums in connection with the MONY Contracts other than the information or representations contained in or accurately derived from the Registration Statement, prospectus or Statement of Additional Information for the Trust, as such Registration Statement, prospectus or Statement of Additional Information may be amended or supplemented from time to time, or in reports or proxy statements for the Trust, or in sales literature or other promotional material approved by the Trust or its designee, except with the permission of the Trust or its designees.

4.2. The Trust or the Distributors, or their respective designees, shall furnish, or shall cause to be furnished, to MONY or its designees, the form of each piece of sales literature or other promotional material in which MONY is named prior to its use. No such material shall be used if MONY or its designees reasonably object to its use after receipt of such material.

4.3. The Trust and the Distributors shall not give any information or make any representations on behalf of MONY or concerning MONY, the Account, or the MONY Contracts other than the information or representations contained in or accurately derived from published reports for the Account which are in the public domain or approved by MONY for distribution to Contractowners, except with the permission of MONY.

4.4. The Trust shall provide to MONY at least one complete copy of all Registration Statements, prospectuses, Statements of Additional Information, reports, proxy statements, applications for exemptions, requests for no-action letters, and all amendments to any of the above, that relate to the Trust or its shares, contemporaneously with the filing of such document with the SEC, the NASD, or other regulatory authorities.

4.5. MONY shall provide to the Trust at least one complete copy of all reports, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and all amendments to any of the above, that relate to the MONY Contracts or the Account if such document also relates to the Trust, contemporaneously with the filing of such document with the SEC, the NASD, or other regulatory authorities.

4.6. For purposes of this Article IV, the phrase “sales literature or other promotional material” includes, but is not limited to, any of the following that refer to the Trust or any affiliate of the Trust: advertisements (including materials published or designed for use in a newspaper, magazine, or other periodical, radio, television, telephone or tape or electronic recording, videotape display, signs or billboards, motion pictures, electronic messages or communications or other public media, including a publicly available internet address or website), 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 or internet site or website), educational or training materials or other communications distributed or made generally available to some or all agents or employees, and registration statements, prospectuses, Statements of Additional Information, shareholder reports, and proxy materials. However, it is anticipated that materials provided solely: (a) internally to MONY’s or a Distributor’s own employees or counsel; or (b) to certain designated third parties and that are not designed to be provided or communicated in any manner to the general public (e.g., training materials provided to distributors or agents) will not be filed with the SEC, the NASD, or any state securities or insurance regulatory authorities, although such materials will be prepared in accordance with applicable laws.

ARTICLE V. Fees and Expenses

5.1. The Trust and each of the Distributors shall pay no fee or other compensation to MONY under this Agreement except for items covered in Article III. Nevertheless, a Distributor may make payments to MONY or to any principal underwriter for the MONY Contracts in amounts agreed to by that Distributor in any writing, and such payments by that Distributor may be made out of existing fees otherwise payable to that Distributor, past profits of that Distributor, or other resources available to that Distributor.

5.2. All expenses incident to performance by the Trust under this Agreement shall be paid by the Trust. Without limiting the foregoing, the Trust shall see to it that all shares are registered and authorized for issuance prior to their sale in accordance with applicable federal law, and shall bear all expenses with respect to: registration and qualification of the Trust’s shares; preparation and filing of the Trust’s Registration Statement, prospectus, Statement of Additional Information, proxy materials, and reports; setting the prospectus and Statement of Additional Information in type; setting in type, printing, mailing or otherwise distributing prospectuses, proxy materials and Semi-Annual and Annual Reports sent by MONY to Contractowners (including the costs of setting in type, printing, mailing or otherwise distributing a prospectus that constitutes an Annual Report); the preparation of all statements and notices required by any federal or state law; and all taxes on the issuance or transfer of the Trust’s shares.

ARTICLE VI. Diversification

6.1. The Trust represents that: (a) the Trust currently has elected to qualify as a regulated investment company under Subchapter M of the Code; (b) the Trust will maintain such qualification (under Subchapter M or any successor or similar provision); (c) the Trust will notify MONY immediately upon having a reasonable basis for believing that the Trust has ceased to so qualify or that it might not so qualify in the future; and (d) the Trust will seek to minimize any damages and to rectify the Trust’s failure to so qualify promptly. The Trust acknowledges that any failure by the Trust to qualify as a regulated investment company will eliminate the ability of the Account to avail itself of the “look through” provisions of Section 817(h) of the Code and that, as a result, the MONY Contracts will almost certainly fail to qualify as life insurance contracts under Section 817(h) of the Code.

6.2. The Trust further represents that the Trust will at all times invest money from the Account in such a manner as to assure that the MONY Contracts will be treated as variable life insurance contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Trust represents that the Trust will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment, or life insurance contracts, and any amendments or other modifications to such Section or Regulations. In the event of a breach of this Article VI by the Trust, the Trust warrants that it will take all reasonable steps: (a) to immediately notify MONY of such breach; and (b) to adequately diversify the Trust’s assets so as to achieve compliance within the grace period afforded by Regulation 1.817-5.

ARTICLE VII. Potential Conflicts

7.1. The Board will monitor the Trust for the existence of any material irreconcilable conflict between the interests of the contractowners of all variable annuity and variable life insurance separate accounts and Qualified Plan participants 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 Designated Portfolio are being managed; (e) a difference in voting instructions given by owners of Variable Contracts; or (f) a decision by an insurer to disregard the voting instructions of owners of Variable contracts. The Board shall promptly inform MONY if it determines that a material irreconcilable conflict exists and the implications thereof.

7.2. MONY will report any potential or existing conflicts of which it is aware to the Board. MONY will assist the Board in carrying out its responsibilities under any Shared Funding Exemptive Order, by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by MONY to inform the Board whenever the voting instructions of owners of Variable Contracts are disregarded. Upon the written request of the Trust, MONY will also provide to the Board, not more frequently than annually, a written certification in a format to be determined by mutual agreement of the Trust and MONY, as to its best knowledge of any events that may result in a material irreconcilable conflict. MONY’s responsibilities under this Section 7.2 will be carried out with a view only to the interests of its Contractowners.

7.3. If it is determined by a majority of the Board, or a majority of its disinterested Trustees, that a material irreconcilable conflict exists, MONY and other Participating Insurance Companies and Qualified Plans shall, at their expense and to the extent reasonably practicable (as determined by a majority of the disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, up to and including: (a) withdrawing the assets allocable to some or all of the variable annuity and variable life insurance separate accounts from the Trust or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Trust, or submitting the question of whether such withdrawal should be implemented to a vote of all affected owners of Variable Contracts and, as appropriate, withdrawing the assets of any appropriate group (i. e., owners of variable annuity contracts or owners of variable life insurance contracts of one or more Participating Insurance Companies) that votes in favor of such withdrawal, or offering to the affected owners of Variable Contracts the option of making such a change; and (b) establishing a new registered management investment company or managed separate account. MONY’s responsibilities under this Section 7.3 will be carried out with a view only to the interests of Contractowners.

7.4. If a material irreconcilable conflict ever were to arise because of a decision by MONY to disregard Contractowner voting instructions and that decision represents a minority position or would preclude a majority vote, MONY may be required, at the Trust’s election, to withdraw the affected Account’s (or subaccount’s) investment in the Trust and terminate this Agreement with respect to such Account (or subaccount); 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 members of the Board. 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 (6) month period, the Distributors and Trust shall continue to accept and implement orders by MONY for the purchase (and redemption) of shares of the Trust.

7.5. If a material irreconcilable conflict were ever to arise because a particular state insurance regulator’s decision applicable to MONY conflicts with the majority of other state regulators, then

MONY shall withdraw the affected Account’s (or subaccount’s) investment in the Trust and terminate this Agreement with respect to such Account (or subaccount) within six (6) months after the Board informs MONY in writing that it has determined that such decision has created a material irreconcilable conflict; 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 members of the Board. Until the end of the foregoing six (6) month period, the Distributors and Trust shall continue to accept and implement orders by MONY for the purchase (and redemption) of shares of the Trust.

7.6. For purposes of Sections 7.3 through 7.6 of this Agreement, a majority of the disinterested members of the Board shall determine whether any proposed action adequately remedies any material irreconcilable conflict, but in no event will the Trust be required to establish a new funding medium for the MONY Contracts. MONY shall not be required by Section 7.3 to establish a new funding medium for the MONY Contracts if an offer to do so has been declined by vote of a majority of Contractowners materially adversely affected by the material irreconcilable conflict. In the event that the Board determines that any proposed action does not adequately remedy any material irreconcilable conflict, then MONY will withdraw the Account’s (or subaccount’s) investment in the Trust and terminate this Agreement within six (6) months after the Board informs MONY 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 members of the Board.

7.7. 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 Shared Funding Exemptive Order) on terms and conditions materially different from those contained in the 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; (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; and (c) this Agreement shall be otherwise amended by the Trust, without the need for any consent of the other parties, as required by such change in law.

ARTICLE VIII. Indemnification

8.1. Indemnification By MONY

8.1(a). MONY agrees to indemnify and hold harmless the Trust, each member of the Board of the Trust, each of the Distributors, and the directors and officers and each person, if any, who controls any such person 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, without limitation thereto, amounts paid in settlement with the written consent of MONY), investigation of claims or litigation (including, without limitation thereto, 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 MONY Contracts or interests in the Account and:

(i) arise out of or as a result of statements or representations (other than statements or representations contained in the Registration Statement, prospectus or Statement of Additional Information, or sales literature of the Trust not supplied by MONY or persons under its control) or wrongful conduct of MONY or persons under its control, with respect to the sale or distribution of Trust shares; or

(ii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement, prospectus, or Statement of Additional Information, 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 written information furnished to the Trust by or on behalf of MONY; or

(iii) arise as a result of any failure by MONY to provide the services and furnish the materials required to be provided or furnished by it under the terms of this Agreement; or

(iv) arise out of or result from any material breach of any representation and/or warranty made by MONY in this Agreement or arise out of or result from any other material breach of this Agreement by MONY;

as limited by and in accordance with the provisions of Sections 8.1 (b) and 8.1 (c) hereof.

8.1(b). MONY 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 or duties under this Agreement or to the Trust, whichever is applicable.

8.1(c). MONY 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 MONY 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), but failure to notify MONY of any such claim shall not relieve MONY 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, MONY shall be entitled to participate, at its own expense, in the defense of such action. MONY also shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to the party named in the action and to settle the claim at its own expense provided that, unless the Indemnified Parties’ written consent is obtained, (1) no such settlement shall include any factual stipulations referring to the Indemnified Parties or their conduct and (2) any such settlement must involve a complete and unconditional release of all claims against such Indemnified Parties. After notice from MONY to such party of MONY’s election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and MONY will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

8.1(d). The Indemnified Parties shall promptly notify MONY of the commencement of any litigation or proceedings against them in connection with the issuance or sale of the Trust’s shares or the operation of the Trust.

8.2. Indemnification by the Distributors

8.2(a). Each of the Distributors agrees to indemnify and hold harmless MONY, the principal underwriter for the MONY Contracts and the Trust and each of their directors and officers and each person, if any, who controls MONY within the meaning of Section 15 of the 1933 Act (collectively, the “Indemnified Parties” for purposes of this Section 8.2) against any and all losses, claims, damages, liabilities (including, without limitation thereto, amounts paid in settlement with the written consent of the Distributors), investigation of claims or litigation (including, without limitation thereto, 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 MONY Contracts or interests in the Account and:

(i) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, prospectus or Statement of Additional Information, or sales literature of the Trust (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 written information furnished to the Distributors or Trust by or on behalf of MONY for use in the Registration Statement, prospectus, or Statement of Additional Information for the Trust, or otherwise for use in connection with the sale of the MONY Contracts or Trust shares; or

(ii) arise out of or as a result of statements or representations (other than statements or representations contained in the Registration Statement, prospectus, or Statement of Additional Information for the MONY Contracts not supplied by the Trust, the Distributors or persons under their control) or wrongful conduct of the Trust or the Distributors or persons under their control, with respect to the sale or distribution of 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, Statement of Additional Information covering the MONY 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 in writing to MONY by or on behalf of the Trust or the Distributors; or

(iv) arise as a result of any failure by the Distributors or the Trust to provide the services and furnish the materials required to be provided or furnished by the Distributors or the Trust under the terms of this Agreement (including a failure, whether unintentional or in good faith or otherwise, to comply with the diversification or other qualification requirements specified in Article VI of this Agreement); or

(v) arise out of or result from any material breach of any representation and/or warranty made by the Distributors in this Agreement or arise out of or result from any other material breach of this Agreement by the Distributors;

as limited by and in accordance with the provisions of Sections 8.2(b) and 8.2(c) hereof.

8.2(b). Each of the Distributors 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 MONY or the Account, whichever is applicable.

8.2(c). Each of the Distributors 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 each of the Distributors 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), but failure to notify the Distributors of any such claim shall not relieve the Distributors from any liability which either of them or both 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, each Distributor will be entitled to participate, at its own expense, in the defense thereof. Each Distributor also shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to the party named in the action, and to settle the claim at its own expense provided that, unless the Indemnified Parties’ written consent is obtained, (1) no such settlement shall include any factual stipulations referring to the Indemnified Parties or their conduct and (2) any such settlement must involve a complete and unconditional release of all claims against such Indemnified Parties. After notice from a Distributor to such party of that 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 that Distributor will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

8.2(d). MONY agrees promptly to notify each of the Distributors of the commencement of any material litigation or proceedings against it or any of its officers or directors in connection with the issuance or sale of the MONY Contracts or the operation of the Account.

8.3. Indemnification By the Trust

8.3(a). The Trust agrees to indemnify and hold harmless MONY, the principal underwriter for the MONY Contracts and each of their directors and officers and each person, if any, who controls MONY within the meaning of Section 15 of the 1933 Act (collectively, the “Indemnified Parties” for purposes of this Section 8.3) against any and all losses, claims, damages, liabilities (including, without limitation thereto, amounts paid in settlement with the written consent of the Trust), investigation of claims or litigation (including, without limitation thereto, 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 operations of the Trust and:

(i) arise as a result of any failure by the Trust to provide the services and furnish the materials required to be provided or furnished by it under the terms of this Agreement (including a failure to comply with the diversification and other qualification requirements specified in Article VI of this Agreement); or

(ii) arise out of or result from any material breach of any representation and/or warranty made by the Trust in this Agreement or arise out of or result from any other material breach of this Agreement by the Trust;

as limited by and in accordance with the provisions of Sections 8.3(b) and 8.3(c) hereof.

8.3(b). The Trust 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 MONY, the Trust, the Distributors, or the Account, whichever is applicable.

8.3(c). The Trust 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 Trust 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), but failure to notify the Trust of any such claim shall not relieve the Trust 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 Trust will be entitled to participate, at its own expense, in the defense thereof. The Trust also shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to the party named in the action. After notice from the Trust to such party of the Trust’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 Trust will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

8.3(d). MONY and each of the Distributors agree promptly to notify the Trust of the commencement of any material litigation or proceedings against it or any of its respective officers or directors in connection with this Agreement, with respect to the operation of the Account, or the sale or acquisition of shares of the Trust.

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 New York and applicable insurance laws.

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, any Shared Funding Exemptive Order) and the terms hereof shall be interpreted and construed in accordance therewith.

ARTICLE X. Termination

10.1. This Agreement shall continue in full force and effect until the first to occur of:

(a)

termination by any party, with or without cause, upon six (6) months’ advance written notice delivered to the other parties; provided, that the Trust and the Distributors shall not give such notice of termination without cause earlier than one year following the date of this Agreement; or

(b)

termination by MONY upon thirty (30) days written notice to the Trust and each of the Distributors with respect to any Designated Portfolio and Class based upon MONY’s

determination that shares of such Designated Portfolio are not reasonably available to meet the requirements of the MONY Contracts or are not consistent with MONY’s obligations to Contractowners; or

(c)

termination by MONY upon thirty (30) days written notice to the Trust and each of the Distributors with respect to any Designated Portfolio in the event any of the Designated Portfolio’s shares are not registered, issued or sold in accordance with applicable federal and/or state law or such law precludes the use of such shares as the underlying investment media of the MONY Contracts issued or to be issued by MONY; or

(d)

termination by MONY by written notice to the Trust and each of the Distributors with respect to any Designated Portfolio in the event that such Designated Portfolio ceases to qualify as a regulated investment company under Subchapter M of the Code or any other failure under Section 817 of the Code, or under any successor or similar provision of either, or if MONY reasonably believes that the Trust may fail to so qualify; or

(e)

termination by either the Trust or the Distributors by written notice to MONY, if the Trust or the Distributors shall determine, in their sole judgment, exercised in good faith, that MONY and/or its affiliated companies have suffered a material adverse change in their business, operations, financial condition, or prospects since the date of this Agreement or are the subject of material adverse publicity; but no termination shall be effective under this subsection (e) until MONY has been afforded a reasonable opportunity to respond to a statement by the Trust or the Distributors concerning the reason for notice of termination hereunder; or

(f)

termination by MONY by written notice to the Trust and each of the Distributors, if MONY shall determine, in its sole judgment exercised in good faith, that either the Trust or the Distributors have suffered a material adverse change in its or their business, operations, financial condition, or prospects since the date of this Agreement or is the subject of material adverse publicity; but no termination shall be effective under this subsection (f) until the Trust or the Distributors have been afforded a reasonable opportunity to respond to a statement by MONY concerning the reason for notice of termination hereunder; or

(g)

termination by MONY upon receipt of any necessary regulatory authority approvals and/or the vote of the Contractowners having an interest in the Account (or any subaccounts) to substitute the shares of another investment company for the corresponding shares of a Designated Portfolio in accordance with the terms of the MONY Contracts for which those Designated Portfolio shares had been selected to serve as the underlying investment media. MONY shall give thirty (30) days’ prior written notice to the Trust and the Distributors of the date of any proposed vote or other action taken to replace the Designated Portfolio shares.

10.2. Notwithstanding any termination of this Agreement, the Trust and the Distributors shall, at the option of MONY, continue to make available additional shares of the Trust pursuant to the terms and conditions of this Agreement, for all MONY Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as “Existing MONY Contracts”). Specifically, without limitation, the owners of the Existing MONY 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 MONY Contracts. The parties agree that this Section 10.2 shall not apply to any terminations under Article VII and the effect of such Article VII terminations shall be governed by Article VII of this Agreement.

10.3. MONY shall not redeem Trust shares attributable to the MONY Contracts (as opposed to Trust shares attributable to MONY’s assets held in the Account) except: (a) as necessary to implement Contractowner initiated or approved transactions; or (b) as required by federal and/or state laws or regulations or judicial or other legal precedent of general application (hereinafter referred to as a “Legally Required Redemption”); or (c) as permitted pursuant to contractowner vote or Section 26(b) of the 1940 Act or otherwise pursuant to an order of the SEC that permits MONY to redeem Trust shares attributable to MONY Contracts. Upon request, MONY shall promptly furnish to the Trust and the Distributors the opinion of counsel for MONY (which counsel shall be reasonably satisfactory to the Trust and the Distributors) to the effect that any redemption pursuant to clause (b) above is a Legally Required Redemption or any redemption pursuant to clause (b) is permitted without first obtaining an order of the SEC pursuant to Section 26(b) or any other provision of the 1940 Act. Furthermore, except in cases where permitted under the terms of the MONY Contracts, and as may be in the best interests of Contractowners, as determined by MONY, MONY shall not prevent Contractowners from allocating payments to a Designated Portfolio that was otherwise available under the MONY Contracts without first giving the Trust or the Distributors ninety (90) days’ notice of its intention to do so.

10.4. Notwithstanding any termination of this Agreement for any reason, the terms and conditions of the following provisions of this Agreement shall remain in effect with respect to any Existing MONY Contract, for so long as any assets invested in the Trust are attributable to such Existing MONY Contract: Sections 1.3 to 1.10 of Article I (governing the pricing and redemption of shares); Article II (Representations and Warranties); Sections 3.1 through 3.3 and 3.5 of Article III (Prospectuses and Proxy Statements, and Voting); Articles IV through IX (Sales Material and Information; Fees and Expenses; Diversification; Potential Conflicts; Indemnification; and Applicable Law); Article XI (Notices); and Sections 12.1, 12.2, and 12.5 through 12.8 of Article XII (Miscellaneous). Further, notwithstanding any termination of this Agreement for any reason, the terms and conditions of the following provisions of this Agreement shall remain in effect with regard to MONY Contracts whose assets were previously invested in the Trust: Article II (Representations and Warranties), Article VI (Diversification) and Article VII (Indemnification). .

10.5. If for any reason the shares of any Designated Portfolio are no longer to be made available, then, at the request of MONY, the Trust and the Distributors shall cooperate with MONY so that the provisions of Section 26(b) of the 1940 Act will be complied with as soon as reasonably practicable and substitution of an underlying funding medium accomplished without disruption of sales of securities to the Account or a division thereof, as the case may be, in connection with the MONY Contracts.

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:

EQ Advisors Trust

▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Attention: President

If to MONY:

MONY Life Insurance Company

▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Attention: President

If to the Distributors:

AXA Distributors, LLC

▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Attention: President

AXA Advisors, LLC

▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Attention: President

ARTICLE XII. Miscellaneous

12.1. All persons dealing with the Trust must look solely to the property of the Trust for the enforcement of any claims against the Trust as neither the Board (or its members), officers, agents, or shareholders shall assume any personal liability for obligations entered into on behalf of the Trust.

12.2. Subject to the requirements of legal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the Contractowners and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate, or utilize such names and addresses and other confidential information until such time as it may come into the public domain without the express written consent of the affected party. Without limiting the foregoing, no party hereto shall disclose any information that such party has been advised is proprietary, except such information that such party is required to disclose by any appropriate governmental authority (including without limitation the SEC, the NASD, and state securities or insurance regulators).

12.3. 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.

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

12.5. 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.

12.6. Each party hereto shall cooperate with each other party and all appropriate governmental authorities (including without limitation the SEC, 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.

12.7. 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, to which the parties hereto are entitled under federal and state laws.

12.8. This Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior written consent of all parties hereto; provided, however, that:

(a) each Distributor may assign this Agreement or any of its rights or obligations hereunder to any affiliate of or company under common control with that Distributor (but in such event that Distributor shall continue to be liable under Article VIII of this Agreement for any indemnification due to MONY, and the assignee shall also be liable), if such assignee is duly licensed and registered to perform the obligations of that Distributor under this Agreement, upon thirty (30) days advance written notice to MONY; and

12.9. Upon reasonable request, MONY shall furnish, or shall cause to be furnished, to the Trust or its designee copies of the following reports:

(a) MONY’s annual statements (prepared under statutory accounting principles) and annual reports (prepared under generally accepted accounting principles, if any), as soon as practicable and in any event within ninety (90) days after the end of each fiscal year;

(b) any material financial statement, proxy statement, notice, or report of MONY sent to Contractowners, as soon as practicable after the delivery thereof to stockholders;

(c) any registration statement (without exhibits) and financial reports of MONY filed with the SEC or any state insurance regulator, as soon as practicable after the filing thereof; and

(d) any other report submitted to MONY by independent accountants in connection with any annual, interim, or special audit made by them of the books of MONY, as soon as practicable after the receipt thereof; but nothing in this subsection shall require MONY to disclose any information that is privileged or which, if disclosed, would put MONY at a competitive disadvantage or is both: (a) confidential; and (b) not material to MONY’s financial condition.

12.10. At the request of any party to this Agreement, each other party will make available to the requesting party’s independent auditors and/or representatives of the appropriate regulatory agencies, all records, data, and access to operating procedures that may be reasonably requested in connection with compliance and regulatory requirements related to this Agreement or any party’s obligations under this Agreement.

12.11. Any controversy or claim arising out of or relating to this Agreement, or breach thereof, shall be settled by arbitration in a forum jointly selected by the relevant parties (but if applicable law requires some other forum, then such other forum) in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof.

12.12. Except as otherwise expressly provided in this Agreement, neither the Trust, the Distributors or any affiliates thereof shall use any trademark, trade name, service ▇▇▇▇ or logo of MONY or any of its affiliates, or any variation of any such trademark, trade name, service ▇▇▇▇ or logo, without MONY’s prior written consent, the granting of which shall be at MONY’s sole option.

12.13. Except as otherwise expressly provided in this Agreement, neither MONY nor any of its affiliates shall use any trademark, trade name, service ▇▇▇▇ or logo of the Trust or any affiliates thereof, or any variation of any such trademark, trade name, service ▇▇▇▇ or logo, without the Trust’s prior written consent, the granting of which shall be at the Trust’s sole option.

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 as of the date specified below.


EQ ADVISORS TRUST

By:		/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name:		▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title:		Chief Financial Officer and Treasurer

MONY LIFE INSURANCE COMPANY

By:		/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name:		▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title:		Senior Vice President

AXA DISTRIBUTORS, LLC

By:		/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Name:		▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Title:		President & CEO

AXA ADVISORS, LLC

By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇
Name:		▇▇▇▇▇▇ ▇▇▇▇▇
Title:		Executive Vice President

SCHEDULE A

DESIGNATED PORTFOLIOS AND CLASSES

Portfolios of

EQ Advisors Trust


Portfolios		Classes
EQ/Alliance Common Stock		IA and IB
EQ/Alliance Growth and Income		IA and IB
EQ/Alliance Intermediate Government Securities		IA and IB
EQ/Alliance International		IA and IB
EQ/Alliance Large Cap Growth		IA and IB
EQ/Alliance Quality Bond		IA and IB
EQ/Alliance Small Cap Growth		IA and IB
EQ/Ariel Appreciation II		IA and IB
EQ/Bear ▇▇▇▇▇▇▇ Small Company Growth		IA and IB
EQ/▇▇▇▇▇▇▇▇▇ Diversified Value		IA and IB
EQ/Boston Advisors Equity Income		IA and IB
EQ/▇▇▇▇▇▇▇ Socially Responsible		IA and IB
EQ/Capital Guardian Growth		IA and IB
EQ/Capital Guardian International		IA and IB
EQ/Capital Guardian Research		IA and IB
EQ/Capital Guardian U.S. Equity		IA and IB
EQ/▇▇▇▇▇▇▇-▇▇▇▇▇▇ High Yield Bond		IA and IB
EQ/Enterprise Moderate Allocation		IA and IB
EQ/Equity 500 Index		IA and IB
EQ/Evergreen International Bond		IA and IB
EQ/Evergreen Omega		IA and IB
EQ/FI Mid Cap		IA and IB
EQ/FI Mid Cap Value		IA and IB
EQ/GAMCO Mergers and Acquisitions		IA and IB
EQ/GAMCO Small Company Value		IA and IB
EQ/Government Securities		IA and IB
EQ/Intermediate Term Bond		IA and IB
EQ/International Growth		IA and IB
EQ/Janus Large Cap Growth		IA and IB
EQ/JPMorgan Core Bond		IA and IB
EQ/JPMorgan Value Opportunities		IA and IB
EQ/Lazard Small Cap Value		IA and IB
EQ/▇▇▇▇ ▇▇▇▇▇ Value Equity		IA and IB
EQ/Long Term Bond		IA and IB
EQ/Lord ▇▇▇▇▇▇ Growth and Income		IA and IB
EQ/Lord ▇▇▇▇▇▇ Large Cap Core		IA and IB
EQ/Lord ▇▇▇▇▇▇ Mid Cap Value		IA and IB
EQ/▇▇▇▇▇▇▇ Focus		IA and IB
EQ/Mercury Basic Value Equity		IA and IB
EQ/Mercury International Value		IA and IB
EQ/MFS Emerging Growth Companies		IA and IB
EQ/MFS Investors Growth		IA and IB
EQ/Money Market		IA and IB


EQ/Montag & ▇▇▇▇▇▇▇▇ Growth		IA and IB
EQ/PIMCO Real Return		IA and IB
EQ/Short Duration Bond		IA and IB
EQ/Small Company Index		IA and IB
EQ/TCW Equity		IA and IB
EQ/UBS Growth and Income		IA and IB
EQ/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇		IA and IB
EQ/▇▇▇ ▇▇▇▇▇▇ Emerging Markets Equity		IA and IB
EQ/▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth		IA and IB
EQ/▇▇▇▇▇ Fargo ▇▇▇▇▇▇▇▇▇▇ Small Cap		IA and IB

SCHEDULE B

SEPARATE ACCOUNTS

PARTICIPATION AGREEMENT AMONG EQ ADVISORS TRUST MONY LIFE INSURANCE COMPANY AXA DISTRIBUTORS, LLC AND AXA ADVISORS, LLC

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