0000898432-07-000989 Sample Contracts

FIRST INVESTORS EQUITY FUNDS SUBADVISORY AGREEMENT
Subadvisory Agreement • November 16th, 2007 • First Investors Equity Funds • New York

Agreement made as of the 7th day of May, 2007, 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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AMENDMENT NO. 1 TO FIRST INVESTORS EQUITY FUNDS SUBADVISORY AGREEMENT
Subadvisory Agreement • November 16th, 2007 • First Investors Equity Funds

AMENDMENT NO. 1, dated as of the 26th day of July, 2007 to the Subadvisory Agreement (“Amendment No. 1”), 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 business trust.

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