EXHIBIT 13
FORM OF STOCK SUBSCRIPTION AGREEMENT
THIS AGREEMENT is by and between Separate Account FP, a separate account of
The Equitable Life Assurance Society of the United States registered as a unit
investment trust with the Securities and Exchange Commission, and EQ Advisors
Trust (the "Trust"), a business trust organized and existing under and by
virtue of the laws of the State of Delaware, on behalf of the X. Xxxx Price
Equity Income Portfolio, a series of the Trust.
In consideration of the mutual promises set forth herein, the parties
agree as follows:
1. The Trust agrees to sell to Separate Account FP and Separate
Account FP hereby subscribes to purchase ten thousand (10,000) Class IA shares
of beneficial interest of the X. Xxxx Price Equity Income Portfolio (the
"Shares"), with a par value of $.01 per Share, at a price of ten dollars
($10.00) per Share.
2. Separate Account FP agrees to pay one hundred thousand dollars
($100,000) for such Shares at the time of their issuance, which shall occur
upon call of the President of the Trust, at any time on or before the
effective date of the Trust's Registration Statement filed by the Trust on
Form N-1A with the Securities and Exchange Commission ("Registration
Statement") on December 2, 1996 and amended on January 23, 1997 and April 4,
1997.
3. Separate Account FP acknowledges that the Shares have not been,
and will not be, registered under the federal securities laws and that,
therefore, the Trust is relying on certain exemptions from such registration
requirements, including exemptions dependent on the intent of the undersigned
in acquiring the Shares. Separate Account FP also understands that any resale
of the Shares, or any part thereof, may be subject to restrictions under the
federal securities laws, and that Separate Account FP may be required to bear
the economic risk of any investment in the Shares for an indefinite period of
time.
4. Separate Account FP represents and warrants that it is acquiring
the Shares solely for its own account and solely for investment purposes and
not with a view to the resale or disposition of all or any part thereof, and
that it has no present plan or intention to sell or otherwise dispose of the
Shares or any part thereof.
5. Separate Account FP agrees that it will not sell or dispose of the
Shares or any part thereof unless the Registration Statement with respect to
such Shares is then in effect under the Securities Act of 1933, as amended.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
by their duly authorized representatives this 31st day of March, 1997.
SEPARATE ACCOUNT FP
A Separate Account of
The Equitable Life Assurance Society
of the United States
By: /s/ Xxxxx X. Xxxxx
-------------------------------------
Xxxxx X. Xxxxx
Title: Executive Vice President
and Chief Investment Officer
EQ ADVISORS TRUST
By: /s/ Xxxxx X. Xxxxx
-------------------------------------
Xxxxx X. Xxxxx
Title: President and Trustee
