AMENDMENT NO. 3

AMENDED AND RESTATED PARTICIPATION AGREEMENT

Amendment No. 3, dated as of July 8, 2014 (“Amendment No. 3”), to the Amended and Restated Participation Agreement, dated as of May 23, 2012, as amended (“Agreement”), by and among AXA Premier VIP Trust (“Trust”), AXA Equitable Life Insurance Company, AXA Equitable Funds Management Group, LLC and AXA Distributors, LLC (collectively, the “Parties”).

The Parties hereby agree to modify and amend the Agreement as follows:

1. Removed Portfolios. The following Portfolios of the Trust are hereby deleted in their entirety from the Agreement: Multimanager Aggressive Equity Portfolio, Multimanager Core Bond Portfolio, Multimanager International Equity Portfolio, Multimanager Large Cap Core Equity Portfolio, Multimanager Large Cap Value Portfolio, Multimanager Mid Cap Growth Portfolio, Multimanager Mid Cap Value Portfolio, and Multimanager Technology Portfolio.

2. Schedule B. Schedule B to the Agreement, setting forth the Portfolios of the Trust participating on behalf of which the Trust is entering into the Agreement is hereby replaced in its entirety by 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. 3 as of the date first above set forth.

AXA PREMIER VIP TRUST		AXA EQUITABLE LIFE INSURANCE COMPANY
By: /s/ Brian Walsh		By: /s/  Steven M. Joenk
Name:	Brian Walsh	Name:	Steven M. Joenk
Title:	Chief Financial Officer and Treasurer	Title:	Managing Director
AXA DISTRIBUTORS, LLC		AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC
By: /s/ Nicholas B. Lane		By: /s/  Steven M. Joenk
Name:	Nicholas B. Lane	Name:	Steven M. Joenk
Title:	Chairman, President and Chief Executive Officer	Title:	Chairman, Chief Executive Officer, and President

SCHEDULE B

AMENDMENT NO. 3

AMENDED AND RESTATED PARTICIPATION AGREEMENT

AXA Aggressive Allocation Portfolio

AXA Conservative Allocation Portfolio

AXA Conservative–Plus Allocation Portfolio

AXA Moderate Allocation Portfolio

AXA Moderate–Plus Allocation Portfolio

Charter^SM Fixed Income Portfolio

Charter^SM Conservative Portfolio

Charter^SM Moderate Portfolio

Charter^SM Moderate Growth Portfolio

Charter^SM Growth Portfolio

Charter^SM Aggressive Growth Portfolio

Charter^SM Equity Portfolio

Charter^SM International Conservative Portfolio

Charter^SM International Moderate Portfolio

Charter^SM International Growth Portfolio

Charter^SM Income Strategies Portfolio

Charter^SM Interest Rate Strategies Portfolio

Charter^SM Real Assets Portfolio

Charter^SM Alternative 100 Conservative Plus Portfolio

Charter^SM Alternative 100 Moderate Portfolio

Charter^SM Alternative 100 Growth Portfolio

Charter^SM Multi-Sector Bond Portfolio

Charter^SM Small Cap Growth Portfolio

Charter^SM Small Cap Value Portfolio

Target 2015 Allocation Portfolio

Target 2025 Allocation Portfolio

Target 2035 Allocation Portfolio

Target 2045 Allocation Portfolio