EQ ADVISORS TRUST AMENDMENT NO. 1 INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(50)(i)
AMENDMENT NO. 1
AMENDMENT NO. 1 to the Investment Advisory Agreement dated as of June 22, 2007 (“Amendment No. 1”), between AXA Equitable Life Insurance Company, a New York corporation (“AXA Equitable” or “Manager”) and Xxxxxxxxx Global Advisors Limited, a Bahamian corporation (“Adviser”).
AXA Equitable and Adviser agree to modify the Investment Advisory Agreement, dated as of September 15, 2006 (“Agreement”) for EQ Advisors Trust (“Trust”) as follows:
1. Existing Portfolio. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser for the EQ/Xxxxxxxxx Growth Portfolio.
2. Appendix A. Appendix A to the Agreement setting forth the Portfolio of the Trust for which the Adviser is appointed as the investment adviser and the fee payable to the Adviser is hereby replaced in its entirety by Appendix A attached hereto.
3. Ratification. 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. 1 as of the date first set forth above.
| AXA EQUITABLE LIFE INSURANCE COMPANY | XXXXXXXXX GLOBAL ADVISORS LIMITED | |||||||
| By: | /s/ Xxxxxx X. Xxxxx | By: | /s/ Xxxxxxx Xxxxxxx | |||||
| Xxxxxx X. Xxxxx Senior Vice President |
Name: Xxxx Xxxxxxx Title: CIO | |||||||
APPENDIX A
TO
The Manager shall pay the Adviser monthly compensation computed daily at an annual rate equal to the following:
| Portfolio |
Annual Advisory Fee* | |
| EQ/Xxxxxxxxx Growth Portfolio | 0.50% of the Related Portfolios’ average daily net assets up to and including $200 million;
0.375% of the Related Portfolios’ average daily net assets in excess of $200 million and up to and including $500 million;
0.35% of the Related Portfolios’ average daily net assets in excess of $500 million |
| * | For purposes of determining the annual advisory fee rate pursuant to this Schedule A, the assets of the EQ/Xxxxxxxxx Growth Portfolio shall be aggregated with the assets of the EQ/Franklin Income Portfolio, EQ/Franklin Small Cap Value Portfolio, Multimanager Small Cap Value Portfolio of AXA Premier VIP Trust (portion allocated to affiliates of the Adviser), EQ/Mutual Shares Portfolio and Multimanager Mid Cap Growth Portfolio of AXA Premier VIP Trust (portion allocated to affiliates of the Adviser) (collectively, the “Related Portfolios”). The aggregated assets will be applied to the above schedule and the resulting effective rate shall be applied to the actual assets of the EQ/Xxxxxxxxx Growth Portfolio to determine the annual advisory fee rate. |
