0000898432-13-001241 Sample Contracts

FIRST INVESTORS INCOME FUNDS FIRST INVESTORS LIFE SERIES FUNDS SUBADVISORY AGREEMENT
Subadvisory Agreement • September 19th, 2013 • First Investors Income Funds • New York

Agreement made as of the 19th day of January 2011, as amended May 17, 2012, as further amended May 16, 2013, 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 (the “Income Trust”) and FIRST INVESTORS LIFE SERIES FUNDS (with the Income Trust, each a “Trust” and collectively, the “Trusts”), each a Delaware statutory trust.

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ASSUMPTION OF AND AMENDMENT OF CUSTODIAL TERMS
Custodian Agreement • September 19th, 2013 • First Investors Income Funds

Reference is made to the Custodian Agreement (the “Agreement”) by and between First Investors Global Fund, a series of First Investors Equity Funds and a successor in interest to First Investors Global Fund, Inc.; formerly known as First Investors International Securities Fund, Inc. and Brown Brothers Harriman & Co. (“BBH”), dated June 19, 1986, as amended from time to time;

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 19th, 2013 • First Investors Income Funds • Delaware
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