0000740967-12-000018 Sample Contracts

FIRST INVESTORS INCOME FUNDS FIRST INVESTORS LIFE SERIES FUNDS
Subadvisory Agreement • November 29th, 2012 • First Investors Income Funds • New York

Agreement made as of the 19th day of January 2011, as amended May 17, 2012, by and among FIRST INVESTORS MANAGEMENT COMPANY, INC., a New York corporation (the "Adviser"), MUZINICH & CO., INC., a Delaware corporation (the "Subadviser"), and FIRST INVESTORS INCOME FUNDS and FIRST INVESTORS LIFE SERIES FUNDS (each a "Trust" and collectively, the "Trusts"), each a Delaware statutory trust.

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