Common use of Institutional Shares Clause in Contracts

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 2007. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072005. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Xxxxx X. Xxxxxx Xxxx Name: Xxxxxx Xxxxx X. Xxxxxx Xxxx Title: President-Broker/Dealer 12/1/07 - See Amendment #1 to Exhibit DD Exhibit DD to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Strategic Value Fund

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: PresidentPresident 2/19/10 – Portfolio terminated Exhibit ZZ to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Clover Mid Value Fund

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Managed Volatility Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072014. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Xxxxxxxx Small Cap Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072015. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st 17th day of MarchSeptember, 2007. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Kxxxxxxx Small Cap Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072015. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072005. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Jxxxx X. Xxxxxx Xxxx Name: Xxxxxx Jxxxx X. Xxxxxx Xxxx Title: President-Broker/Dealer 12/1/07 - See Amendment #1 to Exhibit DD Exhibit DD to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Strategic Value Fund

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Managed Volatility Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072014. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 2007. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Managed Volatility Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072014. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072005. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Xxxxx X. Xxxxxx Xxxx Name: Xxxxxx Xxxxx X. Xxxxxx Xxxx Title: President-Broker/Dealer 12/1/07 - See Amendment #1 to Exhibit DD Exhibit DD to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Strategic Value Fund

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072008. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: PresidentPresident 2/19/10 – Portfolio terminated Exhibit ZZ to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Clover Mid Value Fund

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st 17th day of MarchSeptember, 2007. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st 17th day of MarchSeptember, 2007. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 2007. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072008. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares of Federated Xxxxxxxx Small Cap Fund thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchSeptember, 20072015. Federated Equity Funds By: /s/ X. J. Xxxxxxxxxxx Xxxxxxx Name: X. J. Xxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of March, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: President

Institutional Shares. In consideration of the mutual covenants set forth in the Distributor’s Contract dated June 1, 1995 between Federated Equity Funds and Federated Securities Corp., Federated Equity Funds executes and delivers this Exhibit with respect to the Institutional Shares thereof, first set forth in this Exhibit. Witness the due execution hereof this 1st day of MarchDecember, 20072008. Federated Equity Funds By: /s/ X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Name: X. Xxxxxxxxxxx J. Cxxxxxxxxxx Xxxxxxx Title: President Federated Securities Corp. By: /s/ Xxxxxx Txxxxx X. Xxxxxx Name: Xxxxxx Txxxxx X. Xxxxxx Title: PresidentPresident 2/19/10 – Portfolio terminated Exhibit ZZ to the Distributor’s Contract FEDERATED EQUITY FUNDS Federated Clover Mid Value Fund