0000770906-12-000023 Sample Contracts

FIRST INVESTORS EQUITY FUNDS FIRST INVESTORS LIFE SERIES FUNDS
Subadvisory Agreement • November 29th, 2012 • First Investors Equity 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"), VONTOBEL ASSET MANAGEMENT, INC., a New York corporation (the "Subadviser"), FIRST INVESTORS EQUITY FUNDS and FIRST INVESTORS LIFE SERIES FUNDS (collectively, the "Trusts"), each a Delaware statutory trust.

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FIRST INVESTORS EQUITY FUNDS SUBADVISORY AGREEMENT
First Investors Equity Funds Subadvisory Agreement • November 29th, 2012 • First Investors Equity Funds • New York

Agreement made as of the 19th day of January 2011, as amended as of May 17, 2012, by and among FIRST INVESTORS MANAGEMENT COMPANY, INC., a New York corporation (the "Adviser"), WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts limited liability partnership (the "Subadviser") and FIRST INVESTORS EQUITY FUNDS (the "Trust"), a Delaware business trust.

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

Agreement made as of this 19th day of January 2011, as amended May 17, 2012, by and among FIRST INVESTORS MANAGEMENT COMPANY, INC., a New York corporation (the "Adviser"), PARADIGM CAPITAL MANAGEMENT, INC. (the "Subadviser"), FIRST INVESTORS EQUITY FUNDS and FIRST INVESTORS LIFE SERIES FUNDS ( each a "Fund"), each a Delaware statutory trust and a diversified open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"), on behalf of First Investors Special Situations Fund and First Investors Life Series Discovery Fund, respectively.

FIRST INVESTORS EQUITY FUNDS
Subadvisory Agreement • November 29th, 2012 • First Investors Equity 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"), SMITH ASSET MANAGEMENT GROUP, L.P., a Delaware limited partnership (the "Subadviser"), and FIRST INVESTORS EQUITY FUNDS (the "Trust"), a Delaware statutory trust.

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