AMENDMENT NO. 4 PARTICIPATION AGREEMENT

AMENDMENT NO. 4

PARTICIPATION AGREEMENT

     The Participation Agreement, (the “Agreement”), dated July 1, 2005, by and among AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware Trust (“AVIF (IVIF)”), Invesco Distributors, Inc., a Delaware corporation (“INVESCO”), AXA Equitable Life Insurance Company, a New York life insurance company (“LIFE COMPANY”), on behalf of itself and each of its segregated asset accounts listed in Schedule A hereto, as the parties hereto may amend from time to time (each, an “Account,” and collectively, the “Accounts”); and AXA Advisors, LLC and AXA Distributors LLC, each an affiliate of LIFE COMPANY and the principal underwriters of the contracts (“UNDERWRITER”) (collectively, the “Parties”), is hereby amended as follows:

     WHEREAS, the parties wish to add Separate Account 70 to the Agreement;

     The parties hereby agree to amend the Agreement as follows:

Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto.

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SCHEDULE A

FUNDS AVAILABLE UNDER THE CONTRACTS

Series I and II shares

Invesco V.I. Balanced-Risk Allocation Fund		Invesco V.I. S&P 500 Fund
Invesco V.I. Core Equity Fund		Invesco V.I. Small Cap Equity Fund
Invesco V.I. Diversified Dividend Fund		Invesco V.I. Technology Fund
Invesco V.I. Diversified Income Fund		Invesco V.I. Utilities Fund
Invesco V.I. Equally-Weighted S&P 500 Fund		Invesco Xxx Xxxxxx V.I. American Franchise Fund
Invesco V.I. Global Core Equity Fund		Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco V.I. Global Health Care Fund		Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Invesco V.I. Global Real Estate Fund		Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco V.I. Government Securities Fund		Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Invesco V.I. High Yield Fund		Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund
Invesco V.I. High Yield Securities Fund		(Effective July 15, 2012, this Fund will be renamed
Invesco V.I. International Growth Fund		Invesco Xxx Xxxxxx V.I. American Value Fund)
Invesco V.I. Mid Cap Core Equity Fund		Invesco Xxx Xxxxxx V.I. Value Opportunities Fund
Invesco V.I. Money Market Fund

SEPARATE ACCOUNTS UTILIZING THE FUNDS

Separate Account A
Separate Account FP
Separate Account I
Separate Account 45
Separate Account 49
Separate Account 65
Separate Account 66
Separate Account 70
Separate Account 206
Separate Account 301

CONTRACTS FUNDED BY THE SEPARATE ACCOUNTS

All Contracts

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All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

Effective date: May 1, 2012.

				AIM VARIABLE INSURANCE FUNDS
				(INVESCO VARIABLE INSURANCE FUNDS)
Attest: Name:		/s/ Xxxxxxx Xxxxxxx Xxxxxxx Xxxxxxx		By: Name:		/s/ Xxxx X. Xxxx Xxxx X. Xxxx
Title:		Assistant Secretary		Title:		Senior Vice President
				INVESCO DISTRIBUTORS, INC.
Attest: Name:		/s/ Xxxxxxx Xxxxxxx Xxxxxxx Xxxxxxx		By: Name:		/s/ Xxxx X. Xxxxxx Xxxx X. Xxxxxx
Title:		Assistant Secretary		Title:		President
				AXA EQUITABLE LIFE INSURANCE COMPANY, on behalf of itself and its separate accounts
Attest:		/s/ Xxxxxxx Xxxxxxxxx		By:		/s/ Xxxxxx Xxxxx
Name:		Xxxxxxx Xxxxxxxxx		Name:		Xxxxxx Xxxxx
Title:		Senior Vice President		Title:		Senior Vice President
				AXA ADVISORS, LLC
Attest:				By:		/s/ Xxxxxx X. XxXxxxx
Name:		Xxxxxxx Xxxxxxxx		Name:		Xxxxxx X. XxXxxxx
Title:		Executive Assistant		Title:		Chairman
				AXA DISTRIBUTORS, LLC
Attest:		/s/ Xxxxxxx Xxxxxx		By:		/s/ Xxxx Xxxx
Name:		Xxxxxxx Xxxxxx		Name:		Xxxx Xxxx
Title:		Executive Assistant		Title:		President

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