0001318148-11-002119 Sample Contracts

SERVICES AGREEMENT
Services Agreement • November 29th, 2011 • Federated Equity Funds • Pennsylvania

THIS AGREEMENT, dated and effective as of January 1, 2004 (this “Agreement”) between FEDERATED EQUITY MANAGEMENT COMPANY OF PENNSYLVANIA, a Delaware statutory trust (the “Adviser”), and FEDERATED ADVISORY SERVICES COMPANY, a Delaware statutory trust (“FASC”),

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FINANCIAL ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT
Financial Administration and Accounting Services Agreement • November 29th, 2011 • Federated Equity Funds • Massachusetts

THIS AGREEMENT dated as of March 1, 2011 is made, severally and not jointly (except that the parties agree that the calculation required by Section XIII hereunder shall be joint and not several) by each of the investment companies listed on Exhibit A hereto (each, a “Trust”) and State Street Bank and Trust Company (“State Street”).

CUSTODY AGREEMENT
Custody Agreement • November 29th, 2011 • Federated Equity Funds • New York

AGREEMENT, dated as of June 7, 2005 between the registered investment companies, on behalf of each Series of such registered investment companies, if any, listed on Schedule I to this Agreement, as it may be amended from time to time (each stand alone registered investment company and each Series a “Fund” and collectively the “Funds”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian” or “Bank”).

FUND ACCOUNTING AGREEMENT
Fund Accounting Agreement • November 29th, 2011 • Federated Equity Funds

THIS AGREEMENT dated as of March 1, 2011 is made, severally and not jointly (except that the parties agree that the calculation required by paragraph 31 hereunder shall be joint and not several) by and between the registered investment companies listed on Schedule I to this Agreement, as it may be amended from time to time (each stand-alone registered investment company and each series company of a registered investment company a “Fund” and collectively the “Funds”) and The Bank of New York Mellon, a New York corporation authorized to do a banking business, having its principal place of business at One Wall Street, New York, New York 10286 (hereinafter called the “Bank”).

TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • November 29th, 2011 • Federated Equity Funds • Massachusetts

AGREEMENT made as of the 1st day of July, 2004 (the “Agreement”), by and between each entity that has executed this agreement, as listed on the signature pages hereto, each company having its principal place of business at 5800 Corporate Drive, Pittsburgh, Pennsylvania 15237, collectively, (the “Fund”), and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company having its principal office and place of business at 225 Franklin Street, Boston, MA 02110 (the “Transfer Agent”). This Agreement shall be considered a separate agreement between the Transfer Agent and each Fund and references to “the Fund” shall refer to each Fund separately. No Fund shall be liable for the obligations of, nor entitled to the benefits of, any other Fund under this agreement.

TAX SERVICES AGREEMENT
Tax Services Agreement • November 29th, 2011 • Federated Equity Funds

THIS TAX SERVICES AGREEMENT (“Agreement”), effective as of September 27, 2011, is between The Bank of New York Mellon, a New York corporation (the “Bank”), and Federated Administrative Services (“Federated”).

SERVICES AGREEMENT
Services Agreement • November 29th, 2011 • Federated Equity Funds • Pennsylvania

THIS AGREEMENT, dated and effective as of January 1, 2004 (this “Agreement”) between FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP., a New York corporation (the “Adviser”), and FEDERATED ADVISORY SERVICES COMPANY, a Delaware statutory trust (“FASC”),

SHAREHOLDER SERVICES AGREEMENT
Shareholder Services Agreement • November 29th, 2011 • Federated Equity Funds • Delaware

THIS AGREEMENT, is made as of the 24th day of October, 1997, by and between those Investment Companies on behalf of the Portfolios (individually referred to herein as a “Fund” and collectively as “Funds”) and Classes of Shares (“Classes”) listed on Schedule A to Exhibit 1, as it may be amended from time to time, having their principal office and place of business at Federated Investors Tower, Pittsburgh, PA 15222-3779 and who have approved this form of Agreement and Federated Securities Corp.(“FSC”), a Pennsylvania Corporation, having its principal office and place of business at Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 and Federated Shareholder Services, a Delaware business trust, having its principal office and place of business at Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 ("FSS"). Each of the Exhibits hereto is incorporated herein in its entirety and made a part hereof. In the event of any inconsistency between the terms of this Agreement a

CUSTODIAN CONTRACT
Custodian Contract • November 29th, 2011 • Federated Equity Funds • Massachusetts

This Contract between those INVESTMENT COMPANIES listed on Exhibit 1, as it may be amended from time to time, (the “Trust”), which may be Massachusetts business trusts or Maryland corporation or have such other form of organization as may be indicated, on behalf of the portfolios (hereinafter collectively called the “Funds”) and individually referred to as a “Fund”) of the Trust, having its principal place of business at Federated Investors Tower, Pittsburgh, Pennsylvania, 15222-3779, and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company, having its principal place of business at 225 Franklin Street, Boston, Massachusetts, 02110, hereinafter called the “Custodian”, and FEDERATED SERVICES COMPANY, a Delaware business trust company, having its principal place of business at Federated Investors Tower, Pittsburgh, Pennsylvania, 15222-3779, hereinafter called (“Company”).

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