FORM OF] AMENDMENT NO. 10 TO THE INVESTMENT MANAGEMENT AGREEMENT

Exhibit (d)(1)(i)(A)(xi)

[FORM OF] AMENDMENT NO. 10

TO THE

AMENDMENT NO. 10 to the Investment Management Agreement (“Amendment No. 10”), effective as of [ , 2014] between EQ Advisors Trust, a Delaware statutory trust (the “Trust”) and AXA Equitable Funds Management Group, LLC, a limited liability company organized in the State of Delaware (“FMG LLC” or “Manager”).

The Trust and FMG LLC agree to modify and amend the Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), as follows:

New Portfolios. Effective , 2014, the Trust hereby appoints FMG LLC as the investment manager of the following new Portfolios:

AXA/Horizon Small Cap Value Portfolio

AXA/Lord Xxxxxx Micro Cap Portfolio

AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio

AXA/Pacific Global Small Cap Value Portfolio

(collectively, the “New Portfolios”)

on the terms and conditions contained in the Agreement.

Duration of Agreement.

Except as noted in subsection (b) below, with respect to each Portfolio specified in Appendix A to the Agreement (except as provided below), the Agreement will continue in effect another 12 months beyond August 31, 2013 and may be continued thereafter pursuant to subsection (c) below.

With respect to the New Portfolios, the Agreement will continue in effect for two years after the effective date of Amendment No. 10 and may be continued thereafter pursuant to subsection (c) below.

With respect to each Portfolio, the Agreement shall continue in effect annually after the date specified in subsection (a) or (b), as the case may be, only so long as such continuance is specifically approved at least annually by a majority of the Trustees who are not a party to the agreement or interested persons (as defined in the Investment Company Act of 1940, as amended (“1940 Act”) (“Independent Trustees”) by a vote cast in person at a meeting called for the purpose of voting on such approval, and by either the Board of Trustees or a vote of a majority of the outstanding shares of the Portfolio. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to a Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the 0000 Xxx) vote to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement, or (b) all the Portfolios of the Trust.

Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which FMG LLC is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto; and

Appendix B: Appendix B to the Agreement, which sets forth the fees payable to FMG LLC with respect to each Portfolio is hereby replaced in its entirety by Appendix 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. 10 as of the date first above set forth.


EQ ADVISORS TRUST		AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC

By:		By:
	Xxxxx Xxxxx Chief Financial Officer and Treasurer		Xxxxxx X. Xxxxx Chairman, Chief Executive Officer and President

APPENDIX A

FORM OF AMENDMENT NO. 10 TO

INVESTMENT MANAGEMENT AGREEMENT

Portfolios


ATM International Managed Volatility Portfolio		EQ/AllianceBernstein Short-Term Bond Portfolio
ATM Large Cap Managed Volatility Portfolio		EQ/AllianceBernstein Small Cap Growth Portfolio
ATM Mid Cap Managed Volatility Portfolio		EQ/BlackRock Basic Value Equity Portfolio
ATM Small Cap Managed Volatility Portfolio		EQ/Xxxxxxx Socially Responsible Portfolio
AXA 2000 Managed Volatility Portfolio		EQ/Capital Guardian Research Portfolio
AXA 400 Managed Volatility Portfolio		EQ/Common Stock Index Portfolio
AXA 500 Managed Volatility Portfolio		EQ/Convertible Securities Portfolio
AXA Global Equity Managed Volatility Portfolio		EQ/Core Bond Index Portfolio
AXA International Core Managed Volatility Portfolio		EQ/Xxxxx New York Venture Portfolio
AXA International Value Managed Volatility Portfolio		EQ/Emerging Markets Equity PLUS Portfolio
AXA Large Cap Core Managed Volatility Portfolio		EQ/Energy ETF Portfolio
AXA Large Cap Growth Managed Volatility Portfolio		EQ/Equity 500 Index Portfolio
AXA Large Cap Value Managed Volatility Portfolio		EQ/Equity Growth PLUS Portfolio
AXA Mid Cap Value Managed Volatility Portfolio		EQ/Global Bond PLUS Portfolio
AXA SmartBeta™ Equity Portfolio		EQ/High Yield Bond Portfolio
AXA International Managed Volatility Portfolio		EQ/Intermediate Government Bond Portfolio
AXA/Franklin Balanced Managed Volatility Portfolio		EQ/International Equity Index Portfolio
AXA/Franklin Small Cap Value Managed Volatility Portfolio		EQ/International ETF Portfolio
AXA/Mutual Large Cap Equity Managed Volatility Portfolio		EQ/Invesco Xxxxxxxx Portfolio
AXA/Xxxxxxxxx Global Equity Managed Volatility Portfolio		EQ/JPMorgan Value Opportunities Portfolio
EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio		EQ/Large Cap Growth Index Portfolio
EQ/AllianceBernstein Short Duration Government Bond Portfolio		EQ/Large Cap Value Index Portfolio
		EQ/Lord Xxxxxx Large Cap Core Portfolio
		EQ/Low Volatility Global ETF Portfolio
		EQ/Mid Cap Index Portfolio
		EQ/Money Market Portfolio
		EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio
		EQ/Natural Resources PLUS Portfolio
		EQ/Xxxxxxxxxxx Global Portfolio
		EQ/PIMCO Global Real Return Portfolio
		EQ/Quality Bond PLUS Portfolio
		EQ/Real Estate PLUS Portfolio


EQ/Small Company Index Portfolio		Multimanager Mid Cap Growth Portfolio
EQ/Xxxxx Fargo Omega Growth Portfolio		Multimanager Mid Cap Value Portfolio
Multimanager Aggressive Equity Portfolio		Multimanager Technology Portfolio
Multimanager Core Bond Portfolio

AXA/Horizon Small Cap Value Portfolio
AXA/Lord Xxxxxx Micro Cap Portfolio
AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio
AXA/Pacific Global Small Cap Value Portfolio

APPENDIX B

AMENDMENT NO. 10 TO

INVESTMENT MANAGEMENT AGREEMENT

The Trust shall pay the Manager, at the end of each calendar month, compensation computed daily at an annual rate equal to the following:


(as a percentage of average daily net assets)
Index Portfolios	First $4 Billion			Next $4 Billion			Next $2 Billion			Thereafter
EQ/Xxxxxxx Socially Responsible		0.500	%		0.490	%		0.480	%		0.470	%
EQ/Common Stock Index		0.350	%		0.340	%		0.330	%		0.320	%
EQ/Core Bond Index		0.350	%		0.340	%		0.330	%		0.320	%
EQ/Equity 500 Index		0.250	%		0.240	%		0.230	%		0.220	%
EQ/Intermediate Government Bond		0.350	%		0.340	%		0.330	%		0.320	%
EQ/International Equity Index		0.400	%		0.390	%		0.380	%		0.370	%
EQ/Large Cap Growth Index		0.350	%		0.340	%		0.330	%		0.320	%
EQ/Large Cap Value Index		0.350	%		0.340	%		0.330	%		0.320	%
EQ/Mid Cap Index		0.350	%		0.340	%		0.330	%		0.320	%
EQ/Small Company Index		0.250	%		0.240	%		0.230	%		0.220	%


(as a percentage of average daily net assets)
ETF Portfolio	First $4 Billion			Next $4 Billion			Next $2 Billion			Thereafter
EQ/International ETF		0.400	%		0.390	%		0.380	%		0.370	%
EQ/Energy ETF		0.500	%		0.490	%		0.480	%		0.470	%
EQ/Low Volatility Global ETF		0.500	%		0.490	%		0.480	%		0.470	%


(as a percentage of average daily net assets)
Money Market Portfolio	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
EQ/Money Market		0.350	%		0.325	%		0.280	%		0.270	%		0.250	%


(as a percentage of average daily net assets)
Equity Portfolios	First $1 Billion			Next $1 Billion			Next $3 Billion			Next $5 Billion			Thereafter
AXA SmartBeta^™ Equity		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/AllianceBernstein Dynamic Wealth Strategies		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%


(as a percentage of average daily net assets)
Equity Portfolios	First $1 Billion			Next $1 Billion			Next $3 Billion			Next $5 Billion			Thereafter
AXA/Franklin Small Cap Value Managed Volatility		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
AXA Global Equity Managed Volatility		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
AXA/Franklin Balanced Managed Volatility		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
AXA/Mutual Large Cap Equity Managed Volatility		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
AXA/Xxxxxxxxx Global Equity Managed Volatility		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/BlackRock Basic Value Equity		0.600	%		0.550	%		0.525	%		0.500	%		0.475	%
EQ/Capital Guardian Research		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/Xxxxx New York Venture		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
EQ/Invesco Xxxxxxxx		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/JPMorgan Value Opportunities		0.600	%		0.550	%		0.525	%		0.500	%		0.475	%
EQ/Lord Xxxxxx Large Cap Core		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/Xxxxxx Xxxxxxx Mid Cap Growth		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/Xxxxxxxxxxx Global		0.950	%		0.900	%		0.875	%		0.850	%		0.825	%
EQ/Xxxxx Fargo Omega Growth		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%


(as a percentage of average daily net assets)
Equity Portfolio	First $2 Billion			Next $1 Billion			Next $3 Billion			Next $5 Billion			Thereafter
EQ/AllianceBernstein Small Cap Growth		0.550	%		0.500	%		0.475	%		0.450	%		0.425	%
Multimanager Aggressive Equity		0.580	%		0.550	%		0.525	%		0.500	%		0.475	%
Multimanager Mid Cap Growth		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
Multimanager Mid Cap Value		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
Multimanager Technology		0.950	%		0.900	%		0.875	%		0.850	%		0.825	%
AXA/Horizon Small Cap Value		[TBD	]		[TBD	]		[TBD	]		[TBD	]		[TBD	]
AXA/Lord Xxxxxx Micro Cap		[TBD	]		[TBD	]		[TBD	]		[TBD	]		[TBD	]
AXA/Xxxxxx Xxxxxxx Small Cap Growth		[TBD	]		[TBD	]		[TBD	]		[TBD	]		[TBD	]
AXA/Pacific Global Small Cap Value		[TBD	]		[TBD	]		[TBD	]		[TBD	]		[TBD	]


(as a percentage of average daily net assets)
PLUS Portfolios	First $2 Billion			Next $1 Billion			Next $3 Billion			Next $5 Billion			Thereafter
AXA International Core Managed Volatility		0.600	%		0.550	%		0.525	%		0.500	%		0.475	%
AXA International Value Managed Volatility		0.600	%		0.550	%		0.525	%		0.500	%		0.475	%


AXA Large Cap Core Managed Volatility	0.500	%	0.450	%	0.425	%	0.400	%	0.375	%
AXA Large Cap Growth Managed Volatility	0.500	%	0.450	%	0.425	%	0.400	%	0.375	%
AXA Large Cap Managed Volatility	0.500	%	0.450	%	0.425	%	0.400	%	0.375	%
AXA Mid Cap Value Managed Volatility	0.550	%	0.500	%	0.475	%	0.450	%	0.425	%
EQ/Emerging Markets Equity PLUS	0.700	%	0.650	%	0.625	%	0.600	%	0.575	%
EQ/Equity Growth PLUS	0.500	%	0.450	%	0.425	%	0.400	%	0.375	%
EQ/Natural Resources PLUS	0.550	%	0.500	%	0.475	%	0.450	%	0.425	%
EQ/Real Estate PLUS	0.550	%	0.500	%	0.475	%	0.450	%	0.425	%


(as a percentage of average daily net assets)
PLUS Portfolios	First $4 Billion			Next $4 Billion			Thereafter
EQ/Global Bond PLUS		0.550	%		0.530	%		0.510	%
EQ/Quality Bond PLUS		0.400	%		0.380	%		0.360	%
Multimanager Core Bond		0.550	%		0.530	%		0.510	%


(as a percentage of average daily net assets)
	First $2 Billion			Next $2 Billion			Thereafter
Fixed Income Portfolios
EQ/AllianceBernstein Short-Term Bond		0.450	%		0.430	%		0.410	%
EQ/AllianceBernstein Short Duration Government Bond		0.450	%		0.430	%		0.410	%


(as a percentage of average daily net assets)
Fixed Income Portfolios	First $4 Billion			Next $4 Billion			Thereafter
EQ/Convertible Securities		0.700	%		0.680	%		0.660	%
EQ/High Yield Bond		0.600	%		0.580	%		0.560	%


(as a percentage of average daily net assets)
Fixed Income Portfolio	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
EQ/PIMCO Global Real Return		0.600	%		0.575	%		0.550	%		0.530	%		0.520	%


(as a percentage of average daily net assets)
	First $3 Billion			Next $4 Billion			Next $3 Billion			Thereafter
Tactical Portfolios
ATM International Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
ATM Large Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
ATM Mid Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
ATM Small Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
AXA 2000 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%


(as a percentage of average daily net assets)
Tactical Portfolios	First $3 Billion			Next $4 Billion			Next $3 Billion			Thereafter
AXA 400 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
AXA 500 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%
AXA International Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%

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FORM OF] AMENDMENT NO. 10 TO THE INVESTMENT MANAGEMENT AGREEMENT

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