AMENDMENT NO. 1 TO
SUBADVISORY AGREEMENT
AMENDMENT NO. 1, dated as of September 25, 2006, to the Subadvisory Agreement
("Amendment No. l"), 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 1, 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 reflect the revised compensation to be
paid to Subadviser with respect to the assets of First Investors All-Cap
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
President
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
President
FIRST INVESTORS EQUITY FUNDS
FIRST INVESTORS LIFE SERIES FUNDS
SUBADVISORY AGREEMENT
SCHEDULE A
DATED September 25,2006
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 Equitv 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 $1 50 million and up to $500
million 0.225%
Over $500 million 0.200%
First Investors Equity Funds and First Investors Life Series Funds:
Focused Equity Fund
Life Series Focused Equity Fund
Advisory Fee as % of
Average Daily 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%
First Investors Life Series Funds:
Life Series Growth Fund
Advisory Fee as % of
Average Daily 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 0.225%
Over $500 million 0.200%
