AMENDMENT NO. 15 FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit (h)(2)(xxxii)
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Amendment No. 15 to the Fourth Amended and Restated Expense Limitation Agreement, effective as of , 2009, between AXA Equitable Life Insurance Company (“AXA Equitable” or the “Manager”) and EQ Advisors Trust (the “Trust”) (“Amendment No. 15”).
The Manager and Trust hereby agree to modify and amend the Fourth Amended and Restated Expense Limitation Agreement dated as of May 1, 2002, as amended, (“Agreement”), between them as follows:
| 1. | New Portfolios. AXA Equitable and the Trust have determined to add the following New Portfolios to the Agreement on the terms and conditions contained in the Agreement: |
AXA Tactical Manager Portfolio 500-I
AXA Tactical Manager Portfolio 500-II
AXA Tactical Manager Portfolio 500-III
AXA Tactical Manager Portfolio 2000-I
AXA Tactical Manager Portfolio 2000-II
AXA Tactical Manager Portfolio 2000-III
AXA Tactical Manager Portfolio 400-I
AXA Tactical Manager Portfolio 400-II
AXA Tactical Manager Portfolio 400-III
AXA Tactical Manager Portfolio International-I
AXA Tactical Manager Portfolio International-II
AXA Tactical Manager Portfolio International-III
AXA Conservative Strategy Portfolio
AXA Conservative Growth Strategy Portfolio
AXA Balanced Strategy Portfolio
AXA Moderate Growth Strategy Portfolio
AXA Growth Strategy Portfolio
(each, a “New Portfolio” and collectively, the “New Portfolios”)
| 2. | Name Changes. The names of the EQ/Franklin Small Cap Value Portfolio, EQ/Franklin Income Portfolio, EQ/▇▇▇▇▇▇▇▇▇ Growth Portfolio, EQ/Mutual Shares Portfolio, EQ/▇▇▇▇▇▇▇ Focus Portfolio and EQ/AllianceBernstein Value Portfolio will change to the EQ/AXA Franklin Small Cap Value Core Portfolio, EQ/AXA Franklin Income Core Portfolio, EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core Portfolio, EQ/AXA Mutual Shares Core Portfolio, EQ/Focus PLUS Portfolio and EQ/Large Cap Value PLUS Portfolio, respectively. |
| 4. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 15 to Schedule A attached hereto. |
| 5. | Schedule B. Schedule B to the Agreement, which sets forth the reimbursement periods for each of the Portfolios of the Trust is hereby replaced in its entirety by the Amendment No. 15 to Schedule B attached hereto. |
Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 15 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||
| By: |
|
By: |
| |||||
| ▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||||||
| Chief Financial Officer and Treasurer | Senior Vice President | |||||||
SCHEDULE A
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Portfolios |
Maximum Annual Operating Expense Limit | |||||
| Class IA | (including amounts payable pursuant to Rule 12b-1) Class IB |
|||||
| Crossings Aggressive Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| EQ/AXA Franklin Income Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin Small Cap Value Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Core Portfolio |
0.15 | % | 0.40 | % | ||
| EQ/AXA Mutual Shares Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core Portfolio |
1.10 | % | 1.35 | % | ||
| EQ/ Focus PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/International Core PLUS Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Large Cap Core PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Growth PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Value PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Mid Cap Value PLUS Portfolio |
0.80 | % | 1.05 | % | ||
| AXA Conservative Strategy Portfolio |
0.700 | % | 0.950 | % | ||
| AXA Conservative Growth Strategy Portfolio |
0.750 | % | 1.000 | % | ||
| AXA Balanced Strategy Portfolio |
0.800 | % | 1.050 | % | ||
| AXA Moderate Growth Strategy Portfolio |
0.850 | % | 1.100 | % | ||
| AXA Growth Strategy Portfolio |
0.850 | % | 1.100 | % | ||
| AXA Tactical Manager 500 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 500 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 500 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-III |
0.70 | % | 0.95 | % | ||
| Portfolios |
Maximum Annual Operating Expense Limit | |||||
| Class IA | (including amounts payable pursuant to Rule 12b-1) Class IB |
|||||
| EQ/AllianceBernstein International Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Ariel Appreciation II Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/AXA ▇▇▇▇▇▇▇▇▇ Value Long/Short Equity Portfolio |
1.74 | %* | 1.99 | %* | ||
| EQ/BlackRock International Value Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/▇▇▇▇▇▇▇ Socially Responsible Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Capital Guardian Growth Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Capital Guardian Research Portfolio |
0.72 | % | 0.97 | % | ||
| EQ/Evergreen Omega Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/International ETF Portfolio |
0.40 | % | 0.65 | % | ||
| EQ/JPMorgan Value Opportunities Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord ▇▇▇▇▇▇ Growth and Income Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord ▇▇▇▇▇▇ Large Cap Core Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord ▇▇▇▇▇▇ Mid Cap Value Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/▇▇▇▇▇▇▇▇▇▇▇ Global Portfolio |
1.10 | % | 1.35 | % | ||
| ▇▇/▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ |
1.05 | % | 1.30 | % | ||
| ▇▇/▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio |
1.01 | % | 1.26 | % | ||
| * | Reflects contractual limitations by Manager to waive its management fee and/or bear certain expenses, excluding dividend expense. |
SCHEDULE B
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
REIMBURSEMENT PERIOD
Five Year Reimbursement Period:
EQ/BlackRock International Value Portfolio
EQ/Capital Guardian Growth Portfolio
EQ/Evergreen Omega Portfolio
EQ/JPMorgan Value Opportunities Portfolio
EQ/Large Cap Core PLUS Portfolio
EQ/Mid Cap Value PLUS Portfolio
Three Year Reimbursement Period:
| Crossings Conservative Allocation Portfolio Crossings Conservative-Plus Allocation Portfolio Crossings Moderate Allocation Portfolio Crossings Moderate-Plus Allocation Portfolio Crossings Aggressive Allocation Portfolio
EQ/AXA Franklin Income Core Portfolio EQ/AXA Franklin Small Cap Value Core Portfolio EQ/AXA Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Core Portfolio EQ/AXA Mutual Shares Core Portfolio EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core Portfolio EQ/Large Cap Value PLUS Portfolio EQ/Focus PLUS Portfolio EQ/International Core PLUS Portfolio EQ/Large Cap Growth PLUS Portfolio
AXA Conservative Strategy Portfolio AXA Conservative Growth Strategy Portfolio AXA Balanced Strategy Portfolio AXA Moderate Growth Strategy Portfolio AXA Growth Strategy Portfolio |
EQ/AllianceBernstein International Portfolio EQ/Ariel Appreciation II Portfolio EQ/AXA ▇▇▇▇▇▇▇▇▇ Value Long/Short Equity Portfolio EQ/▇▇▇▇▇▇▇ Socially Responsible Portfolio EQ/Capital Guardian Research Portfolio EQ/International ETF Portfolio EQ/Lord ▇▇▇▇▇▇ Growth and Income Portfolio EQ/Lord ▇▇▇▇▇▇ Mid Cap Value Portfolio EQ/Lord ▇▇▇▇▇▇ Large Cap Core Portfolio EQ/▇▇▇▇▇▇▇▇▇▇▇ Global Portfolio EQ/▇▇▇▇▇▇▇▇▇▇▇ Main Street Opportunity Portfolio EQ/▇▇▇▇▇▇▇▇▇▇▇ Main Street Small Cap Portfolio EQ/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio EQ/▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Portfolio EQ/▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio
AXA Tactical Manager 500 Portfolio-I AXA Tactical Manager 500 Portfolio-II AXA Tactical Manager 500 Portfolio-III AXA Tactical Manager 2000 Portfolio-I AXA Tactical Manager 2000 Portfolio-II AXA Tactical Manager 2000 Portfolio-III AXA Tactical Manager 400 Portfolio-I AXA Tactical Manager 400 Portfolio-II AXA Tactical Manager 400 Portfolio-III AXA Tactical Manager International Portfolio-I AXA Tactical Manager International Portfolio-II AXA Tactical Manager International Portfolio-III |