AMENDMENT NO. 10
TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 10 to the Amended and Restated Expense Limitation Agreement,
dated as of November 1, 2006, by and between Met Investors Advisory LLC (the
"Manager") and Met Investors Series Trust (the "Trust").
The Manager and the Trust hereby agree to modify and amend the Amended and
Restated Expense Limitation Agreement effective as of October 9, 2001 (the
"Agreement") between Met Investors Advisory Corp. (now known as Met Investors
Advisory LLC) and the Trust, as amended on May 1, 2002, May 1, 2003, April 30,
2004, November 3, 2004, May 1, 2005, September 30, 2005, November 1, 2005,
December 16, 2005, and May 1, 2006.
1. New Portfolios. The Manager and the Trust have determined to add the
Strategic Growth and Income Portfolio, the Strategic Growth Portfolio, and the
Strategic Conservative Growth Portfolio ("New Portfolios") to the Agreement on
the terms and conditions contained in the Agreement, and at the level of the
expense limitation applicable to the New Portfolios as set forth in the attached
schedule.
2. Schedule A. Schedule A to the Agreement, as amended, which sets forth
the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No.
10 to Schedule A attached hereto.
3. Term and Termination of Agreement. The Term and Termination provisions
of this Agreement are amended as follows:
This Agreement shall continue in effect with respect to all of the New
Portfolios until April 30, 2008 and will continue in effect until April 30, 2007
with respect to the existing Portfolios set forth in Amendment No. 10 to
Schedule A (except Batterymarch Growth and Income Portfolio). The expense
limitation for the Batterymarch Growth and Income Portfolio is permanent. The
Agreement shall thereafter continue in effect with respect to each Portfolio
from year to year and permanently for the Batterymarch Growth and Income
Portfolio provided such continuance is specifically approved by a majority of
the Trustees of the Trust who (i) are not "interested persons" of the Trust or
any other party to this Agreement, as defined in the 1940 Act, and (ii) have no
direct or indirect financial interest in the operation of this Agreement
("Independent Trustees"). Nevertheless, this Agreement may be terminated by
either party hereto, without payment of any penalty, upon ninety (90) days'
prior written notice to the other party at its principal place of business;
provided that, in case of termination by the Trust, such action shall be
authorized by resolution of a majority of the Independent Trustees of the Trust
or by a vote of a majority of the outstanding voting securities of the Trust.
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.
MET INVESTORS SERIES TRUST MET INVESTORS ADVISORY LLC
ON BEHALF OF EACH OF
ITS PORTFOLIOS
By: ________________________ By: _______________________
Name: Name:
Title: Title:
AMENDMENT NO. 10
SCHEDULE A
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
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Maximum Annual
Name of Portfolio Operating Expense Limit
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Strategic Growth and Income Portfolio 0.15%
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Strategic Growth Portfolio 0.15%
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Strategic Conservative Growth Portfolio 0.15%
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Met/AIM Capital Appreciation Portfolio 1.25%
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Met/AIM Small Cap Growth Portfolio 1.05%
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Batterymarch Growth and Income Portfolio 0.65% of the first $500 million of such assets
plus 0.55% of such assets over $500 million up
to $1 billion plus 0.50% of such assets over $1
billion up to $1.5 billion plus 0.45% of such
assets over $1.5 billion up to $2 billion plus
0.40% of such assets over $2 billion
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Batterymarch Mid-Cap Stock Portfolio 0.95%
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Cyclical Growth and Income ETF Portfolio 0.55%
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Cyclical Growth ETF Portfolio 0.55%
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Dreman Small-Cap Value Portfolio 1.10%
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BlackRock High Yield Portfolio 0.95%
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Xxxxxxx Xxxxx Mid-Cap Value Portfolio 0.95%
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Xxxxxx Oakmark International Portfolio 1.10%
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Xxxx Xxxxx Aggressive Growth Portfolio 0.90%
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Janus Capital Appreciation Portfolio 1.25%
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Lazard Mid-Cap Portfolio 0.80%
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Xxxx Xxxxx Partners Managed Assets Portfolio 1.25%
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Xxxx Xxxxx Value Equity Portfolio 0.80%
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Xxxxxx Xxxxxx Global Markets Portfolio 0.90%
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Lord Xxxxxx America's Value Portfolio 0.85%
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Lord Xxxxxx Bond Debenture Portfolio None
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Lord Xxxxxx Growth and Income Portfolio None
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Xxx Xxxxxx Mid-Cap Growth Portfolio 0.90%
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Lord Xxxxxx Mid-Cap Value Portfolio None
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BlackRock Large-Cap Core Portfolio 1.00%
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Met/Xxxxxx Capital Opportunities Portfolio None
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MetLife Aggressive Strategy Portfolio 0.10%
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MetLife Balanced Strategy Portfolio 0.10%
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MetLife Defensive Strategy Portfolio 0.10%
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MetLife Growth Strategy Portfolio 0.10%
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MetLife Moderate Strategy Portfolio 0.10%
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MFS Emerging Markets Equity Portfolio 1.30%
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MFS Research International Portfolio 1.00%
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MFS Value Portfolio 1.00%
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Xxxxxxxxx Xxxxxx Real Estate Portfolio 0.90%
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Xxxxxxxxxxx Capital Appreciation Portfolio 0.75%
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PIMCO Inflation Protected Bond Portfolio 0.65%
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PIMCO Total Return Portfolio None
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Pioneer Fund Portfolio 1.00%
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Pioneer Mid-Cap Value Portfolio 1.00%
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Pioneer Strategic Income Portfolio 1.25%
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RCM Global Technology Portfolio 1.10%
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X. Xxxx Price Mid-Cap Growth Portfolio 0.90%
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Third Avenue Small Cap Value Portfolio 0.95%
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Xxxxxx Mid-Cap Growth Portfolio 0.95%
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Xxx Xxxxxx Xxxxxxxx Portfolio 0.80%
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