AMENDMENT NO. 4 SECURITIES LENDING AGREEMENT

AMENDMENT NO. 4 SECURITIES LENDING AGREEMENT

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Exhibit (h)(8)(v)

AMENDMENT NO. 4

Amendment No. 4, effective as of August 19, 2022 (“Amendment No. 4”), to the Securities Lending Agreement dated as of April 11, 2016 (“Agreement”), by and between JPMorgan Chase Bank, National Association (“▇.▇. ▇▇▇▇▇▇”) and each Equitable investment company identified in Annex A hereto (“Lender”).

WHEREAS, ▇.▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ desire to update the Agreement to reflect the name changes set forth below, which were effective March 21, 2022:


Prior Name		Current Name
EQ/PIMCO Total Return Portfolio		EQ/PIMCO Total Return ESG Portfolio

EQ/ClearBridge Large Cap Growth Portfolio		EQ/ClearBridge Large Cap Growth ESG Portfolio

1290 VT SmartBeta Equity Portfolio		1290 VT SmartBeta Equity ESG Portfolio

WHEREAS, ▇.▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ desire to update the Agreement to change the names of the 1290 VT DoubleLine Dynamic Allocation Portfolio and 1290 DoubleLine Dynamic Allocation Fund to Equitable Conservative Growth MF/ETF Portfolio and 1290 ▇▇▇▇▇▇ ▇▇▇▇▇▇ Multi-Asset Income Fund, respectively, which changes are effective August 19, 2022.

▇▇▇▇▇ ▇. ▇▇▇▇▇ A to the Agreement is deleted and replaced in its entirety by Annex A attached hereto.

Schedule 4. Schedule 4 to the Agreement, setting forth the Limitations on Securities Available for Loan, Lending Accounts and Markets is deleted and replaced in its entirety by Schedule 4 attached hereto.

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. 4 as of the date first above set forth.


EQ Advisors Trust 1290 Funds On behalf of each of their series listed on Annex A		JPMorgan Chase Bank, N.A.

By:	/s/ ▇▇▇▇▇ ▇▇▇▇▇	By:	/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Name: Title: Date:	▇▇▇▇▇ ▇▇▇▇▇ Chief Financial Officer August 17, 2022	Name: Title: Date:	▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Managing Director August 22, 2022

Securities Lending Agreement

ANNEX A


EQ Advisors Trust

1290 VT Micro Cap Portfolio				EQ/Franklin Small Cap Value Managed Volatility Portfolio
1290 VT CONVERTIBLE SECURITIES PORTFOLIO				EQ/Franklin Strategic Income Portfolio
Equitable Conservative Growth MF/ETF Portfolio				EQ/Global Equity Managed Volatility Portfolio
1290 VT DoubleLine Opportunistic Bond Portfolio				EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Growth Allocation Portfolio
1290 VT Equity Income Portfolio				EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Mid Cap Value Portfolio
1290 VT GAMCO Mergers & Acquisitions Portfolio				EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Moderate Growth Allocation
1290 VT GAMCO Small Company Value Portfolio				EQ/Intermediate Government Bond Portfolio
1290 VT High Yield Bond Portfolio				EQ/International Core Managed Volatility Portfolio
1290 VT Low Volatility Global Equity Portfolio				EQ/International Equity Index Portfolio
1290 VT Multi-Alternative Strategies Portfolio				EQ/International Managed Volatility Portfolio
1290 VT Natural Resources Portfolio				EQ/International Value Managed Volatility Portfolio
1290 VT Real Estate Portfolio				EQ/INVESCO ▇▇▇▇▇▇▇▇ PORTFOLIO
1290 VT Small Cap Value Portfolio				EQ/Invesco Global Portfolio
1290 VT SmartBeta Equity ESG Portfolio				EQ/Invesco Global Real Assets Portfolio
1290 VT Socially Responsible Portfolio				EQ/Invesco Moderate Allocation Portfolio
ATM International Managed Volatility Portfolio				EQ/Invesco Moderate Growth Allocation Portfolio
ATM Large Cap Managed Volatility Portfolio				EQ/Janus Enterprise Portfolio
ATM Mid Cap Managed Volatility Portfolio				EQ/▇▇ ▇▇▇▇▇▇ Growth Allocation
ATM Small Cap Managed Volatility Portfolio				EQ/JPMorgan Value Opportunities Portfolio
EQ/ 2000 Managed Volatility Portfolio				EQ/Large Cap Core Managed Volatility Portfolio
EQ/ 400 managed Volatility Portfolio				EQ/Large Cap Growth Index Portfolio
EQ/ Invesco International Growth Portfolio				EQ/Large Cap Growth Managed Volatility Portfolio
EQ/1290 VT Moderate Growth Allocation Portfolio				EQ/Large Cap Value Index Portfolio
EQ/2000 Managed Volatility Portfolio				EQ/Large Cap Value Managed Volatility Portfolio
EQ/400 managed Volatility Portfolio				EQ/Lazard Emerging Markets Equity Portfolio
EQ/500 managed Volatility Portfolio				EQ/Long Term-Bond Portfolio
EQ/AB Dynamic Aggressive Growth				EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇ Growth Portfolio
EQ/AB Dynamic Growth Portfolio				EQ/MFS International Growth Portfolio
EQ/AB Dynamic Moderate Growth Portfolio				EQ/MFS International Intrinsic Value Portfolio
EQ/AB Short Duration Government Bond Portfolio				EQ/MFS Mid Cap Focused Growth Portfolio
EQ/AB Small Cap Growth Portfolio				EQ/MFS Technology Portfolio
EQ/AB Sustainable U.S. Thematic Portfolio				EQ/MFS Utilities Series Portfolio
EQ/All asset Growth Allocation Portfolio				EQ/Mid Cap Index Portfolio
EQ/American Century Mid Cap Value Portfolio				EQ/Mid Cap Value Managed Volatility Portfolio
EQ/American Century Moderate Growth Allocation Portfolio				EQ/Money Market Portfolio
EQ/AXA Investment Managers Moderate Allocation Portfolio				EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Growth Portfolio
EQ/Capital Group Research Portfolio				EQ/PIMCO Global Real Return Portfolio
EQ/Clearbridge Large Cap Growth ESG Portfolio				EQ/PIMCO Real Return Portfolio
EQ/Clearbridge Select Equity Managed Volatility Portfolio				EQ/PIMCO Total Return ESG Portfolio
EQ/Common Stock Index Portfolio				EQ/PIMCO Ultra Short Bond Portfolio
EQ/Core Bond Index Portfolio				EQ/Quality Bond PLUS Portfolio
EQ/Emerging Markets Equity Plus Portfolio				EQ/Small Company Index Portfolio
EQ/Equity 500 Index Portfolio				EQ/▇. ▇▇▇▇ Price Growth Stock Portfolio
EQ/Fidelity Institutional AM Large Cap Portfolio				EQ/▇. ▇▇▇▇ Price Health Sciences Portfolio
EQ/First Trust Moderate Growth Allocation Portfolio				EQ/Value Equity Portfolio
EQ/Franklin Growth Allocation Portfolio				EQ/Wellington Energy Portfolio
EQ/Franklin Moderate Allocation Portfolio				Equitable Growth MF/ETF Portfolio


Equitable Moderate Growth MF/ETF Portfolio				1290 Funds Trust
FQ/Franklin Rising Dividends Portfolio				1290 GAMCO Small/Mid Cap Value Fund
Multimanager Aggressive Equity Portfolio				1290 High Yield Bond Fund
Multimanager Core Bond Portfolio				1290 Diversified Bond Fund
Multimanager Technology Portfolio				1290 Smart Beta Equity Fund
				1290 ▇▇▇▇▇▇ ▇▇▇▇▇▇ Multi-Asset Income Fund
				1290 Multi-Alternative Strategies Fund
				1290 Retirement 2020 Fund
				1290 Retirement 2025 Fund
				1290 Retirement 2030 Fund
				1290 Retirement 2035 Fund
				1290 Retirement 2040 Fund
				1290 Retirement 2045 Fund
				1290 Retirement 2050 Fund
				1290 Retirement 2055 Fund
				1290 Retirement 2060 Fund
				1290 Essex Small Cap Growth Fund

Securities Lending Agreement

EACH OF THE AXA FUND LENDERS

LISTED ON ANNEX A HERETO

SCHEDULE 4

JPMorgan Chase Bank, N.A.

Securities Lending – Limitations on Securities Available for Loan, Lending Accounts and Markets

Limitations on Securities Available for Loan

The following limitations shall apply to ▇.▇. ▇▇▇▇▇▇’▇ authority to lend Securities held in the Lending Accounts:

1. At the time of any Loan, the aggregate Market Value of Lender’s Securities on Loan after taking such Loan into account shall not exceed 30% of the aggregate Market Value of Lender’s total assets, including collateral for Loans.

2. No more than 90% of any Security held by ▇▇▇▇▇▇ may be on loan at the time the Loan is initiated.

3. At the initiation of any Loan, the maximum rebate rate must be Overnight Bank Funding Rate (OBFR) minus 25 basis points on Loans collateralized with cash; on Loans collateralized with securities, the Lender will charge Borrowers a minimum 25 basis point fee.

Lending Accounts


Lending Account Name	Lending Account Numbers
1290 VT Micro Cap Portfolio - Lord ▇▇▇▇▇▇		G 24412
1290 VT Micro Cap Portfolio -Blackrock		G 24413
1290 VT CONVERTIBLE SECURITIES PORTFOLIO - SSGA		P 75009
Equitable Conservative Growth MF/ETF Portfolio	EIV69	G 30204
1290 VT DoubleLine Opportunistic Bond Portfolio	AHL95	P 24225
1290 VT Equity Income Portfolio	38944	G 09834
1290 VT GAMCO Mergers & Acquisitions Portfolio	35949	G 09840
1290 VT GAMCO Small Company Value Portfolio	43362	G 09841
1290 VT High Yield Bond Portfolio- Post	AEX34	G 24420
1290 VT High Yield Bond Portfolio - AXA Investment Managers		G 30168
1290 VT High Yield Bond Portfolio - FMG LCC		G 23689
1290 VT Low Volatility Global Equity Portfolio		P 75011
1290 VT Multi-Alternative Strategies Portfolio - FMG		P 43360
1290 VT Natural Resources Portfolio - AB	30497	G 30170
1290 VT Real Estate Portfolio -AllianceBernstein	ABD65	G 30165
1290 VT Small Cap Value Portfolio - Horizon	AEX33	G 24419


1290 VT Small Cap Value Portfolio-Blackrock		G 24417
1290 VT SmartBeta Equity ESG Portfolio	ADF89	P 75008
1290 VT Socially Responsible Portfolio -Blackrock	38438	G 08437
ATM International Managed Volatility Portfolio- AllianceBernstein	57784	P 04048
ATM International Managed Volatility Portfolio- Blackrock	57785	P 03730
ATM Large Cap Managed Volatility Portfolio- AllianceBernstein		P 04039
ATM Large Cap Managed Volatility Portfolio- Blackrock		P 03721
ATM Mid Cap Managed Volatility Portfolio- AllianceBernstein		P 04045
ATM Mid Cap Managed Volatility Portfolio- Blackrock		P 03727
ATM Small Cap Managed Volatility Portfolio- AllianceBernstein		P 04042
ATM Small Cap Managed Volatility Portfolio- Blackrock		P 03724
EQ/2000 Managed Volatility Portfolio- AllianceBernstein		P 04041
EQ/400 managed Volatility Portfolio- Blackrock		P 03726
EQ/ Invesco International Growth Portfolio	EMR63	P 45416
EQ/1290 VT Moderate Growth Allocation Portfolio	EQP54	P 93554
EQ/2000 Managed Volatility Portfolio - Blackrock		P 03723
EQ/400 managed Volatility Portfolio- AllianceBernstein		P 04044
EQ/500 managed Volatility Portfolio- AllianceBernstein		P 04038
EQ/500 managed Volatility Portfolio- Blackrock		P 03720
EQ/AB Dynamic Aggressive Growth	EKY83	P 43358
EQ/AB Dynamic Growth Portfolio	AHL94	P 24224
EQ/AB Dynamic Moderate Growth Portfolio	86997	P 13896
EQ/AB Short Duration Government Bond Portfolio	ABV48	G 23857
EQ/AB Small Cap Growth Portfolio- Passive		G 80447
EQ/AB Small Cap Growth Portfolio- Active		G 80446
EQ/AB Sustainable U.S. Thematic Portfolio		G 43883
EQ/All Asset Growth AllocationPortfolio		G 80448
EQ/American Century Mid Cap Value Portfolio	EMR57	P 45410
EQ/American Century Moderate Growth Allocation Portfolio	EQP55	P 93555
EQ/AXA Investment Managers Moderate Allocation Portfolio	EQP56	P 93556
EQ/Capital Group Research Portfolio	15733	G 08239
EQ/Clearbridge Large Cap Growth ESG Portfolio		G 08048
EQ/Clearbridge Select Equity Managed Volatility Portfolio	41986	G 11251
EQ/Clearbridge Select Equity Managed Volatility Portfolio - Blackrock	53048	P 03296
EQ/Common Stock Index Portfolio - AllianceBernstein	29812	G 09751
EQ/Core Bond Index Portfolio - SSgA	12234	G 07195
EQ/Emerging Markets Equity Plus Portfolio- Alliance ▇▇▇▇▇▇▇▇▇ Passive	30500	G 30162
EQ/Emerging Markets Equity Plus Portfolio- AXA FMG		G 30161
EQ/Emerging Markets Equity Plus Portfolio- ▇▇▇▇▇▇▇ Partners LLC	30495	G 30163
EQ/Equity 500 Index Portfolio - AllianceBernstein	5016	G 05924
EQ/Fidelity Institutional AM Large Cap Portfolio	EMR58	P 45411
EQ/First Trust Moderate Growth Allocation Portfolio	EQP57	P 93557
EQ/Franklin Growth Allocation Portfolio	EQP60	P 93560
EQ/▇▇▇▇▇▇▇▇ Moderate Allocation Portfolio		P 59483
EQ/Franklin Samll Cap Value Managed Volatility Portfolio- Blackrock	53039	P 03287
EQ/▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Cap Value Managed Volatility Portfolio- Franklin	41985	G 11250
EQ/Franklin Strategic Income Portfolio	EMR60	P 45413
EQ/Global Equity Managed Volatility- Blackrock Portfolio-MSCI EAFE	53044	P 03292


EQ/Global Equity Managed Volatility Portfolio- Blackrock S&P 500		P 03377
EQ/Global Equity Managed Volatility Portfolio- ▇▇▇▇▇▇ ▇▇▇▇▇▇▇	9919	G 06988
EQ/ Global Equity Managed Volatility Portfolio- Invesco	ACA07	G 23895
EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Growth Allocation Portfolio	EQP58	P 93558
EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Mid Cap Value Portfolio	EMR61	P 45414
EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Moderate Growth Allocation	AHM44	P 24447
EQ/Intermediate Government Bond Portfolio - SSgA	4276	G 05334
EQ/International Core Managed Volatility- ▇▇▇▇▇▇▇	AFE41	G 24443
EQ/International Core Managed Volatility Portfolio- Blackrock	44730	G 11564
EQ/International Core Managed Volatility Portfolio- FMG LLC ETF		G 11550
EQ/International Core Managed Volatility Portfolio- MFS	ACA05	G 23893
EQ/International Core Managed Volatility Portfolio- Federated Investors Inc	46927	G 11549
EQ/International Equity Index Portfolio - AllianceBernstein	29813	G 09752
EQ/International Managed Volatility- AllianceBernstein	57782	P 04047
EQ/International Managed Volatility Portfolio- Blackrock	57783	P 03729
EQ/International Value Managed Volatility - Blackrock	9914	G 06983
EQ/International Value Managed Volatility Portfolio- ▇▇▇▇▇▇	87030	P 14003
EQ/INVESCO ▇▇▇▇▇▇▇▇ PORTFOLIO	40317	G 10329
EQ/Invesco Global Portfolio	41988	G 11253
EQ/Invesco Global Real Assets Portfolio	EMR62	P 45415
EQ/Invesco Moderate Allocation Portfolio	AHM45	P 24448
EQ/Invesco Moderate Growth Allocation Portfolio	EQP59	P 93559
EQ/Janus Enterprise Portfolio - Janus	43593	G 10330
EQ/▇▇ ▇▇▇▇▇▇ Gropwth Allocation	EKY84	P 43359
EQ/JPMorgan Value Opportunities Portfolio	9913	G 06982
EQ/Large Cap Core Managed Volatility Portfolio- Capital Guardian	AWZ88	G 23905
EQ/Large Cap Core Managed Volatility Portfolio- FMG LLC ETF		G 11556
EQ/Large Cap Core Managed Volatility Portfolio- GQG Partners LLC	AFE39	G 24441
EQ/Large Cap Core Managed Volatility Portfolio- ▇▇▇▇▇▇ ▇▇▇▇▇▇		G 11555
EQ/Large Cap Core Managed Volatility POrtfolio-Blackrock	44753	G 11567
EQ/Large Cap Growth Index Portfolio - AllianceBernstein	15731	G 08237
EQ/Large Cap Growth Managed Volatility- Blackrock	44732	G 11566
EQ/ Large Cap Growth Managed Volatility Portfolio- FMG LLC ETF		G 11554
EQ/Large Cap Growth Managed Volatility Portfolio- ▇▇▇▇▇▇	44715	G 11553
EQ/Large Cap Growth Managed Volatility Portfolio- Polen Capital	EEZ18	G 23904
EQ/Large Cap Growth Managed Volatility- T ▇▇▇▇	ACA02	G 23890
EQ/Large Cap Growth Managed Volatility - HS Investment Partners	EEW68	P 88939
EQ/Large Cap Value Index Portfolio - AB	38463	G 10983
EQ/Large Cap Value Managed Volatility Portfolio-AllianceBernstein Active		G 07193
EQ/Large Cap Value Managed Volatility Portfolio-AllianceBernsten ATM	52661	G 00040
EQ/Large Cap Value Managed Volatility Portfolio-Aristotle Cap Mangment LLC		G 23902
EQ/Large Cap Value Managed Volatility Portfolio-FMG		G 23903
EQ/ Large Cap Value Managed Volatility-MFS	AFE40	G 24442
EQ/Lazard Emerging Markets Equity Portfolio	EMR36	P 45402
EQ/Long-Term Bond Portfolio - AllianceBernstein	EYM67	G 38787
EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇ Growth Portfolio		G 10224
EQ/MFS International Growth Portfolio	34361	G 10232
EQ/MFS International Intrinsic Value Portfolio	EMR37	P 45403


EQ/MFS Mid Cap Focused Growth Portfolio	EMR34	P 45400
EQ/MFS Technology Portfolio	EMR38	P 45404
EQ/MFS Utilities Series Portfolio	EMR39	P 45405
EQ/Mid Cap Index Portfolio - AB	21620	G 08812
EQ/Mid Cap Value Managed Volatility - Blackrock	44731	G 11565
EQ/Mid Cap Value Managed Volatility Portfolio - FMG LLC ETF		G 11552
EQ/Mid Cap Value Managed Volatility Portfolio - Wellington	44713	G 11551
EQ/Mid Cap Value Managed Volatility Portfolio- Diamond Hill	ACA08	G 23896
EQ/Money Market Portfolio - Dreyfus	4275	G 03872
EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Growth Portoflio	AEX32	G 24418
EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Growth Portfolio-Blackrock		G 24414
EQ/PIMCO Global Real Return Portfolio	ABD23	G 30167
EQ/PIMCO Real Return Portfolio	EMR40	P 45406
EQ/PIMCO Total Return ESG Portfolio	EMR41	P 45407
EQ/PIMCO Ultra Short Bond Portfolio	34376	G 10230
EQ/Quality Bond PLUS - PIMCO	ACA11	G 23899
EQ/Quality Bond Plus Portfolio- Alliance ▇▇▇▇▇▇▇▇▇ Passive		G 30226
EQ/Quality Bond PLUS Portfolio - AllianceBernstein	5320	G 05827
EQ/Small Company Index Portfolio - AllianceBernstein	57999	G 07196
EQ/▇. ▇▇▇▇ Price Growth Stock Portfolio	47235	G 10233
EQ/▇. ▇▇▇▇ Price Health Sciences Portfolio	EMR42	P 45408
EQ/Value Equity Portfolio	9922	G 06991
EQ/Wellington Energy Portfolio	EMR33	P 45399
Equitable Growth MF/ETF Portfolio		G 43882
Equitable Moderate Growth MF/ETF Portfolio		G 43881
FQ/Franklin Rising Dividends Portfolio	EMR59	P 45412
Multimanager Aggressive Equity Portfolio - AllianceBernstein - ATM	52766	P 02708
Multimanager Aggressive Equity Portfolio - ClearBridge	20345	G 08666
Multimanager Aggressive Equity Portfolio - Scotia Institutional Asset Management US LTD	25407	G 09295
Multimanager Aggressive Equity Portfolio - ▇. ▇▇▇▇ Price	25387	G 09275
Multimanager Aggressive Equity Portfolio - Westfield	25395	G 09283
Multimanager Core Bond Portfolio - BlackRock	25393	G 09281
Multimanager Core Bond Portfolio - PIMCO	25404	G 09292
Multimanager Core Bond Portfolio - SSgA	52767	P 02709
Multimanager Core Bond Portfolio- Doubleline	AHH64	P 22045
Multimanger Technology Portfolio - FMG		P 03700
Multimanager Technology Portfolio - Allianz	25396	G 09284
Multimanager Technology Portfolio - AB	52778	P 02720
Multimanager Technology Portfolio - Wellington	25390	G 09278
Multimanger Technology Portfolio - FMG		P 03700
1290 Funds:
1290 Diversified Bond Fund – Brandywine	ENH81	P 78337
1290 ▇▇▇▇▇▇ ▇▇▇▇▇▇ Multi-Asset Income Fund		P 60811
1290 GAMCO Small/Mid Cap Value Fund	AGM33	P 91799
1290 High Yield Bond Fund		P 91800
1290 Multi-AlternativeStrategies Fund – FMG LLC		P 33351
1290 Retirement 2020 Fund		P 67954
1290 Retirement 2025 Fund		P 67955


1290 Retirement 2030 Fund		P 67956
1290 Retirement 2035 Fund		P 67957
1290 Retirement 2040 Fund		P 67958
1290 Retirement 2045 Fund		P 67959
1290 Retirement 2050 Fund		P 67960
1290 Retirement 2055 Fund		P 67961
1290 Retirement 2060 Fund		P 67962
1290 Smartbeta Equity Fund	AGM34	P 67961
1290 Essex Small Cap Growth Fund		G 45330

Eligible Markets

▇.▇. ▇▇▇▇▇▇ may lend Securities in the following markets:


Number	Lending Markets	Lender Approves (Check All That Apply)	Additional Market Requirements
1	Australia	X	Yes - refer to Addendum (I) below
2	Austria	X
3	Belgium	X
4	Brazil		Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information.
5	Canada	X
6	Czech Republic	X
7	Denmark	X
8	Euroclear	X
9	Finland	X
10	France	X	Yes - refer to Addendum (II) below
11	Germany	X
12	Greece	X	Yes - refer to Addendum (III) below
13	Hong Kong	X


14	Hungary	X	Yes - refer to Addendum (III) below
15	Ireland	X
16	Israel	X
17	Italy	X
18	Japan	X	Yes - refer to Addendum (III) below
19	Malaysia		Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information.
20	Mexico	X	Yes - refer to Addendum (III) below
21	Netherlands	X
22	New Zealand	X
23	Norway	X
24	Poland	X	Yes - refer to Addendum (IV) below
25	Portugal	X
26	Singapore	X	Yes - refer to Addendum (III) below
27	South Africa	X
28	South Korea		Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information.
29	Spain	X
30	Sweden	X
31	Switzerland	X
32	Taiwan		Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information.

Lender acknowledges that this Schedule 4 to the Securities Lending Agreement dated April 11, 2016 is effective as of the date specified below and that the relevant Addenda within this Schedule shall apply.

Each Lender severally and not jointly:

EQ ADVISORS TRUST

1290 FUNDS

on behalf of each of their series listed on Annex A


By:
		Name:
		Title:
		Date:

Market Terms Schedule

I.	Australia

▇▇▇▇▇▇ acknowledges and accepts that:

with regards to any Institutional Share Offering (“ISO”) offered by an Australian issuer to Lender, ▇▇▇▇▇▇ shall be solely responsible for informing ▇.▇. ▇▇▇▇▇▇ that Lender has (a) been invited to participate in such ISO and (b) intends to, or otherwise, exercise any rights in relation to Securities on Loan;

due to the nature of an ISO, ▇.▇. ▇▇▇▇▇▇ will be unaware of such ISO arising and will therefore rely solely on Lender’s notification provided in (a) above;

subject to Clause 4 hereof (Instructions), ▇▇▇▇▇▇ must provide election Instructions to ▇.▇. ▇▇▇▇▇▇:

prior to market expiry where the timing of the ISO announcement makes it reasonably practicable to permit election Instructions to be given prior to such market expiry; and

ii.

in all other cases, prior to the applicable Cut-Off Time.

Such election Instructions must specify whether ▇▇▇▇▇▇ wishes to (i) take up the ISO; (ii) lapse the ISO; or (iii) lapse and take up any available cashbook build. Upon receipt, ▇.▇. ▇▇▇▇▇▇ shall use reasonable endeavours to forward such election Instructions to Borrower;

▇.▇. ▇▇▇▇▇▇ shall not be liable to Lender in the event that:

iii.

▇▇▇▇▇▇ does not provide to ▇.▇. ▇▇▇▇▇▇ any election Instructions; or

iv.

▇▇▇▇▇▇ fails to provide ▇.▇. ▇▇▇▇▇▇ with timely election Instructions with respect to such an ISO, and ▇.▇. ▇▇▇▇▇▇ in its sole discretion does not take any action in relation to such election Instructions; or

election Instructions were received by Borrower after market expiry of the ISO and ▇▇▇▇▇▇▇▇ is unable to accept such election Instructions.

II.

France

▇▇▇▇▇▇ acknowledges and accepts that when lending Securities issued by French issuers (“French Securities”), any additional tax credits (including, but not limited to, Credit d’Impot) that may be due to the holder of such French Securities had they not been on Loan over record date, will not form part of the manufactured Income (as defined in the applicable MSLA) that is collected from a Borrower on behalf of the Lender.

III.

Greece, Hungary, Japan, Mexico, Singapore

To the extent that ▇▇▇▇▇▇ has approved in this Schedule that the following jurisdictions are eligible markets, Lender represents and warrants that it does not have a “permanent establishment” in:

Greece

Hungary

Japan

Mexico

Singapore

IV.

Poland

▇▇▇▇▇▇ acknowledges and agrees that the following restrictions shall apply in respect of equity securities issued by Polish companies (“Polish Securities”):

the Journal of laws of Poland 2015, No.1272, which became effective in October 2015 (the “Act”) introduced pre-approval requirements from the Polish Government prior to any acquisition of significant shareholdings in certain Protected Companies (as defined by the Act and subject to change from time to time). In order to manage the transaction pre-approval requirements for the Lender, ▇.▇. ▇▇▇▇▇▇ will be limiting the securities lending program to actively lend only those Polish Securities where the Lender’s aggregate holding is less than 5%;

as the list of Protected Companies impacted by the Act is subject to on-going change, this arrangement will be applied to all Polish Securities held through ▇.▇. ▇▇▇▇▇▇ that have been made eligible for lending in the program by the Lender. As ▇▇▇▇▇▇’s Lending Agent, ▇.▇. ▇▇▇▇▇▇ are unable to determine the Lender’s total aggregate size of holding in such Polish Securities, therefore Lender will be responsible for notifying ▇.▇. ▇▇▇▇▇▇ where Lender is either holding, or proposing to acquire a total holding of 5% or greater of voting capital in Polish Securities. Lenders are required to provide such notification to ▇.▇. ▇▇▇▇▇▇ no later than trade date of the acquisition transaction resulting in a 5% or above holding; and

a failure to comply with the notification requirement could result in securities lending transactions being undertaken by ▇.▇. ▇▇▇▇▇▇ without Lender seeking the requisite pre-approval potentially resulting in penalties being levied against the Lender by the Polish Government for which the Lender is solely responsible.

V.	Thailand

When lending Securities issued by Thai issuers (“Thai Securities”) Lender acknowledges and consents that the amount of all cash Distributions (as defined in Clause 2.7(a) above) payable to Lender with regard to Thai Securities on Loan may be credited to ▇▇▇▇▇▇’s cash account in Dollars on the payable date of such cash Distributions. The amount of the cash Distributions will be converted into Dollars using the foreign exchange rate agreed with the Borrower and based on the reference rate provided by ▇.▇. ▇▇▇▇▇▇’▇ local subcustodian.

Lenders opting for the “Calc & Pay” service offered by ▇.▇.▇▇▇▇▇▇ in its capacity as global custodian for the treatment of capital gains tax in Thailand (such service being, the “Calc & Pay Service”), should be aware that the applicable sub-custodian in Thailand has informed ▇.▇.▇▇▇▇▇▇ (in its capacity as global custodian) that it will ignore loan and return transactions generated by the agency lending discretionary program for the purposes of any calculation required for the Calc & Pay Service.

VI.

Turkey

Lender represents and warrants that all:

Turkish equities in the Lending Account were purchased after 1st January, 2006 and are not subject to the “Non Resident Investment Fund” regime; and

Turkish bonds in the Lending Account were issued after 1st January, 2006,

and can be made available for lending under Applicable Law.

▇▇▇▇▇▇ acknowledges that it will promptly identify to ▇.▇. ▇▇▇▇▇▇ by notice, which notice may be oral, if the above representation and warranty ceases to be true. Upon such notice, ▇.▇. ▇▇▇▇▇▇ shall restrict the lending of the relevant Turkish Securities to Borrowers. In the event Lender fails to promptly notify ▇.▇. ▇▇▇▇▇▇ that the above representation and warranty ceases to be true, ▇.▇. ▇▇▇▇▇▇ shall not be liable for any Liabilities of Lender arising as a result of continued lending of such Turkish Securities.

Yes - refer to Addendum (V) below

Yes - refer to Addendum (VI) below

United Kingdom

United States