AMENDMENT NO. 11 FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit (h)(2)(xxv)
AMENDMENT NO. 11
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Amendment No. 11 to the Fourth Amended and Restated Expense Limitation Agreement, dated as of January 1, 2008, between AXA Equitable Life Insurance Company (“AXA Equitable” or the “Manager”) and EQ Advisors Trust (the “Trust”) (“Amendment No. 11”).
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 Crossings Conservative Allocation Portfolio, Crossings Conservative-Plus Allocation Portfolio, Crossings Moderate Allocation Portfolio, Crossings Moderate-Plus Allocation Portfolio and Crossings Aggressive Allocation Portfolio (“New Portfolios”), to the Agreement on the terms and conditions set forth in the Agreement, and at the level of the expense limitation applicable to the New Portfolios as set forth in the attached schedule. |
| 2. | Removed Portfolios. The following portfolios of the Trust are hereby deleted in their entirety from the Agreement: EQ/AllianceBernstein Growth and Income Portfolio, EQ/Small Company Growth Portfolio, EQ/Capital Guardian U.S. Equity Portfolio, EQ/Janus Large Cap Growth Portfolio, EQ/Small Cap Value Portfolio and EQ/Xxxxx Fargo Xxxxxxxxxx Small Cap Portfolio. |
| 3. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 11 to Schedule A attached hereto. |
| 4. | 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. 11 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. 11 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||||
| By: | /s/ Xxxxx Xxxxx |
By: | /s/ Xxxxxx X. Xxxxx |
|||||||
| Xxxxx Xxxxx | Xxxxxx X. Xxxxx | |||||||||
| Chief Financial Officer and Treasurer | Senior Vice President | |||||||||
SCHEDULE A
AMENDMENT NO. 11
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 |
|||||
| EQ/AllianceBernstein International Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/AllianceBernstein Large Cap Growth Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/AllianceBernstein Value Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Ariel Appreciation II Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio |
1.74 | %* | 1.99 | %* | ||
| EQ/BlackRock Basic Value Equity Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/BlackRock International Value Portfolio |
1.00 | % | 1.25 | % | ||
| EQ/Xxxxxxx Socially Responsible Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Capital Guardian Growth Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Capital Guardian Research Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Xxxxx New York Venture Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Evergreen International Bond Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Evergreen Omega Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/FI Mid Cap Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Franklin Income Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Franklin Small Cap Value Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Franklin Xxxxxxxxx Founding Strategy Portfolio |
0.15 | % | 0.40 | % | ||
| EQ/International ETF Portfolio |
0.40 | % | 0.65 | % | ||
| EQ/JPMorgan Core Bond Portfolio |
0.60 | % | 0.85 | % | ||
| EQ/JPMorgan Value Opportunities Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Xxxx Xxxxx Value Equity Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Growth and Income Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Large Cap Core Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Mid Cap Value Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Xxxxxxx Focus Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Mutual Shares Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Xxxxxxxxxxx Global Portfolio |
1.10 | % | 1.35 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxxxxxxxx Xxxxxxxxx |
1.05 | % | 1.30 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx Xxx Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Small Company Index Portfolio |
0.60 | % | 0.85 | % | ||
| EQ/Xxxxxxxxx Growth Portfolio |
1.10 | % | 1.35 | % | ||
| EQ/Xxx Xxxxxx Xxxxxxxx Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Xxx Xxxxxx Emerging Markets Equity Portfolio |
1.55 | % | 1.80 | % | ||
| EQ/Xxx Xxxxxx Mid Cap Growth Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Xxx Xxxxxx Real Estate Portfolio |
1.01 | % | 1.26 | % | ||
| MarketPLUS International Core Portfolio |
0.85 | % | 1.10 | % | ||
| MarketPLUS Large Cap Core Portfolio |
0.70 | % | 0.95 | % | ||
| MarketPLUS Large Cap Growth Portfolio |
0.70 | % | 0.95 | % | ||
| MarketPLUS Mid Cap Value Portfolio |
0.75 | % | 1.00 | % | ||
| Crossings Conservative Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Portfolios |
Maximum Annual Operating Expense Limit | |||||
| Class IA | (including amounts payable pursuant to Rule 12b-1) Class IB |
|||||
| Crossings Moderate Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Aggressive Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| * | Reflects contractual limitations by Manager to waive its management fee and/or bear certain expenses, excluding dividend expense. |
SCHEDULE B
AMENDMENT NO. 11
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
REIMBURSEMENT PERIOD
Five Year Reimbursement Period:
EQ/BlackRock Basic Value Equity Portfolio (formerly, the EQ/Mercury Basic Value Equity Portfolio)
EQ/BlackRock International Value Portfolio (formerly, the EQ/Mercury International Value Portfolio)
EQ/Evergreen Omega Portfolio
EQ/JPMorgan Core Bond Portfolio
EQ/Xxx Xxxxxx Emerging Markets Equity Portfolio
EQ/Capital Guardian Growth Portfolio (formerly, EQ/Xxxxxx Growth & Income Value Portfolio)
EQ/JPMorgan Value Opportunities Portfolio (formerly, EQ/Xxxxxx Voyager Portfolio)
EQ/Small Company Index Portfolio
MarketPLUS Mid Cap Value Portfolio (formerly, the EQ/FI Mid Cap Value Portfolio)
MarketPLUS Large Cap Core Portfolio (formerly, the EQ/MFS Investors Trust Portfolio)
Three Year Reimbursement Period:
EQ/AllianceBernstein International Portfolio
EQ/AllianceBernstein Large Cap Growth Portfolio
EQ/AllianceBernstein Value Portfolio
EQ/Ariel Appreciation II Portfolio
EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio
EQ/Xxxxxxx Socially Responsible Portfolio
EQ/Capital Guardian Research Portfolio
EQ/Evergreen International Bond Portfolio
EQ/FI Mid Cap Portfolio
EQ/Xxxx Xxxxx Value Equity Portfolio
EQ/Lord Xxxxxx Growth and Income Portfolio
EQ/Lord Xxxxxx Mid Cap Value Portfolio
EQ/Lord Xxxxxx Large Cap Core Portfolio
EQ/Xxxxxxx Focus Portfolio
EQ/Xxxxx New York Venture Portfolio
EQ/Franklin Income Portfolio
EQ/Franklin Small Cap Value Portfolio
EQ/Franklin Xxxxxxxxx Founding Strategy Portfolio
EQ/Mutual Shares Portfolio
EQ/Xxxxxxxxxxx Global Portfolio
EQ/Xxxxxxxxxxx Main Street Opportunity Portfolio
EQ/Xxxxxxxxxxx Main Street Small Cap Portfolio
EQ/Xxxxxxxxx Growth Portfolio
EQ/Xxx Xxxxxx Xxxxxxxx Portfolio
EQ/Xxx Xxxxxx Mid Cap Growth Portfolio
EQ/Xxx Xxxxxx Real Estate Portfolio
EQ/International ETF Portfolio
MarketPLUS International Core Portfolio (formerly, EQ/Capital Guardian International Portfolio)
MarketPLUS Large Cap Growth Portfolio (formerly, EQ/MFS Emerging Growth Companies Portfolio)
Crossings Conservative Allocation Portfolio
Crossings Conservative-Plus Allocation Portfolio
Crossings Moderate Allocation Portfolio
Crossings Moderate-Plus Allocation Portfolio
Crossings Aggressive Allocation Portfolio
