SUBADVISORY AGREEMENTSubadvisory Agreement • April 27th, 2018 • First Investors Tax Exempt Funds • New York
Contract Type FiledApril 27th, 2018 Company JurisdictionAgreement made as of the 31st day of January 2018, by and among FORESTERS INVESTMENT MANAGEMENT COMPANY, INC. (formerly First Investors Management Company, Inc.), a New York corporation (the “Adviser”), GREEN SQUARE CAPITAL ADVISORS, LLC, a Delaware limited liability company (the “Subadviser”), and FIRST INVESTORS TAX EXEMPT FUNDS, a Delaware business trust (the “Trust”).