AMENDMENT NO. 2 TO
SUBADVISORY AGREEMENT
AMENDMENT NO. 2, dated as of February 28, 2007, to the Subadvisory Agreement
("Amendment No. 27, by and among FIRST INVESTORS MANAGEMENT COMPANY, INC.,
a New York corporation (the "Adviser"), WELLINGTON MANAGEMENT COMPANY LLP
(previously known as WELLINGTON MANAGEMENT COMPANY), a Massachusetts limited
liability partnership (the "Subadviser"), FIRST INVESTORS EQUITY FUNDS and
FIRST INVESTORS LIFE SERIES FUNDS (collectively, the "Trusts"), each a
Delaware business trust.
Effective as of October 19, 2006, the Adviser, the Subadviser and the Trusts
agree to modify and amend the Subadvisory Agreement (the "Agreement") dated
as of January 27, 2006, in order to remove references to First Investors
Life Series Growth Fund, as follows:
1. Schedule A. Schedule A to the Agreement, setting forth the Series of the
Trusts for which the Subadviser is appointed as the investment subadviser and
the fees payable to the Subadviser with respect to each Series, is hereby
deleted and replaced by the attached Schedule A.
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 hereto have caused this instrument to be
executed by their officers designated below as of the day and year first
above written.
FIRST INVESTORS MANAGEMENT
COMPANY, INC.
By: /S/ XXXXXXX X. HEAD
Xxxxxxx X. Head
WELLINGTON MANAGEMENT
COMPANY, LLP
By: /S/ XXXXXXXX X. XXXXXX
Xxxxxxxx X. Xxxxxx
Director of Corporate Operations
FIRST INVESTORS EQUITY FUNDS
FIRST INVESTORS LIFE SERIES FUNDS
By: /S/ XXXXXXX X. HEAD
Xxxxxxx X. Head
FIRST INVESTORS EQUITY FUNDS
FIRST INVESTORS LIFE SERIES FUNDS
SUBADVISORY AGREEMENT
SCHEDULE A
DATED February 28, 2007
Pursuant to Paragraph l(a) and Paragraph 4 of the Agreement made as of
January 27, 2006, Subadviser shall serve as investment subadviser to the
following Series of the Trusts, and the compensation paid to Subadviser
with respect to assets of each such Series allocated to Subadviser's
investment discretion shall be calculated in accordance with the following
schedules:
First Investors Equity Funds:
All-Cap Growth Fund
Advisory Fee as % of
Average Daily Net Assets Average Daily Net Assets
Up to $50 million 0.450%
Over $50 million 0.400%
Global Fund
Advisory Fee as % of
Average Daily Net Assets Average Daily Net Assets
Up to $50 million 0.400%
In excess of $50 million and up to
$150 million 0.275%
In excess of $150 million and up
to $500 million 0.225%
Over $500 million 0.200%
First Investors Equity Funds and First Investors Life Series Funds:
Focused Esuity Fund
Life Series Focused Equitv Fund
Advisory Fee as % of
Average Dailv Net Assets Average Daily Net Assets
The first $50 million 0.400%
In excess of $50 million and up to
$150 million 0.275%
In excess of $150 million and up
to $500 million 0.250%
Over $500 million 0.225%
