Amendment to Subadvisory Agreement for AST T ROWE PRICE LARGE-CAP VALUE PORTFOLIO

Execution Version 

Amendment to Subadvisory Agreement  

for AST T XXXX PRICE LARGE-CAP VALUE PORTFOLIO 

AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Manager”) and X. Xxxx Price Associates, Inc. (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of October 11, 2016, as amended January 1, 2019, by and among the Manager and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST X. Xxxx Price Large-Cap Value Portfolio as follows; 

1. Schedule A is hereby deleted and replaced with the attached Schedule A.   

     IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and X. Xxxx Price Associates, Inc. have duly executed this Amendment as of the effective date of this Amendment. 

AST Investment Services, Inc.  

By: /s/ Xxxxxxx Xxxxxx 

Name: Xxxxxxx Xxxxxx 

Title: President 

PGIM INVESTMENTS LLC 

By: /s/ Xxxxxxx Xxxxxx 

Name: Xxxxxxx Xxxxxx 

Title: Senior Vice President 

X. Xxxx price associates, inc. 

By: /s/ Xxxxxxx Xxxxxxxx

Name: Xxxxxxx Xxxxxxxx 

Title: Vice President 

Effective Date as Revised: March 1, 2020 

SCHEDULE A 

Advanced Series Trust 

AST X. Xxxx Price Large-Cap Value Portfolio  

As compensation for services provided by X. Xxxx Price Associates, Inc. (“X. Xxxx Price”), AST Investment Services, Inc. and PGIM Investments LLC (collectively, “Manager”), as applicable, will pay X. Xxxx Price an advisory fee on the net assets managed by X. Xxxx Price that is equal, on an annualized basis, to the following:  

Portfolio

Subadvisory Fee**

AST X. Xxxx Price Large-Cap Value Portfolio*

Portfolio daily net assets up to $100 million: 0.475% of average daily net assets to $50 million; 0.425% of average daily net assets over $50 million to $100 million  When Portfolio average daily net assets exceed $100 million: 0.375% of average daily net assets  When Portfolio average daily net assets exceed $200 million: 0.325% of average daily net assets  When Portfolio average daily net assets exceed $500 million: 0.30% on all assets up to $500 million; 0.275% of average daily net assets over $500 million  When Portfolio average daily net assets exceed $1 billion: 0.275% of average daily net assets  When Portfolio average daily net assets exceed $1.5 billion: 0.25% of average daily net assets  When Portfolio average daily net assets exceed $2 billion: 0.245% of average daily net assets  When Portfolio average daily net assets exceed $3 billion: 0.24% of average daily net assets  When Portfolio average daily net assets exceed $4 billion: 0.23% of average daily net assets  When Portfolio average daily net assets exceed $5.5 billion: 0.225% of average daily net assets  When Portfolio average daily net assets exceed $7.5 billion: 0.22% of average daily net assets

* For purposes of calculating the subadvisory fee, the assets of the Portfolio will be aggregated with the US Large-Cap Value Equity Strategy assets of all other Prudential entities (including the assets of certain insurance company’ separate accounts managed by X. Xxxx Price for the Retirement business of Prudential and its affiliates) that are managed by X. Xxxx Price. 

** In the event X. Xxxx Price invests Portfolio assets in other pooled investment vehicles it manages or subadvises, X. Xxxx Price will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to X. Xxxx Price with respect to the Portfolio assets invested in such acquired fund. Notwithstanding the foregoing, the subadvisory fee waivers will not exceed 100% of the subadvisory fee. 

Effective Date as Revised:  March 1, 2020