Document:

Exhibit
10.132

EXECUTION COPY

AMENDMENT NUMBER 1 TO SECOND AMENDED AND RESTATED
SECURITY

AGREEMENT

(FIARC)

THIS AMENDMENT NUMBER 1 TO SECOND AMENDED AND RESTATED
SECURITY AGREEMENT, dated as of October 11, 2006 (this “Amendment”),
is entered into by and among FIRST INVESTORS AUTO RECEIVABLES CORPORATION, a
Delaware corporation (the “Debtor”),
FIRST INVESTORS FINANCIAL SERVICES, INC., a Texas corporation (“FIFS” or “Seller”), FIRST INVESTORS SERVICING
CORPORATION, a Delaware corporation (“FISC”
or the “Servicer”),
VARIABLE FUNDING CAPITAL COMPANY LLC (successor by assignment from Blue Ridge
Asset Funding Corporation), a Delaware limited liability company, (“VFCC”), WACHOVIA CAPITAL MARKETS, LLC,
a Delaware corporation (successor in interest to Wachovia Securities, Inc.,
formerly known as First Union Securities, Inc.) (“Wachovia”) and WELLS FARGO BANK, NATIONAL ASSOCIATION,
successor by merger to Wells Fargo Bank Minnesota, National Association (“Wells Fargo”).  Capitalized terms used and not otherwise
defined herein are used as defined in the Security Agreement (as defined
below).

WHEREAS, the parties hereto entered into that certain
Second Amended and Restated Security Agreement, dated as of March 16, 2006 (as
amended, supplemented or restated to the date hereof, the “Security Agreement”);

WHEREAS, the parties hereto desire to amend the
Security Agreement in certain respects as provided herein;

NOW THEREFORE, in consideration of the premises and
the other mutual covenants contained herein, the parties hereto agree as
follows:

SECTION 1.     Amendments.  Effective as of the Effective Date, the
Security Agreement is hereby amended as follows:

(a)          The definition of “Facility
Limit” in Section 1.1 of the Security Agreement is hereby amended and restated
in its entirety to read as follows:

“Facility Limit:  $300,000,000.”

(b)          The following
definitions are added in alphabetical order to Section 1.1 of the Security
Agreement:

(i)       “Shareholder’s
Equity: On any date with respect to (a) FIFSG, an amount equal to the Total
Assets less the Total Debt and (b) any Person

 1
 

other than FIFSG, such
Person’s shareholder’s equity determined in accordance with GAAP, consistently
applied.”

(ii)           “Subordinated Debt:  On any date, the aggregate principal amount
of any outstanding non-recourse, unsecured subordinated debt owing by FIFSG
(including, but not limited to, any shareholder’s loans) that matures more than
eighteen (18) months after such date.”

(iii)          “Total Assets:  On any date, an amount equal to the sum of
(i) the aggregate amount of assets of FIFSG on such date, determined in
accordance with GAAP and (ii) to the extent not included in clause (i), the
aggregate amount of Subordinated Debt of FIFSG on such date.”

(iv)          “Total
Debt:  On any date, an amount equal
to the aggregate amount of liabilities of FIFSG on such date, determined in
accordance with GAAP, but excluding the aggregate amount of Subordinated Debt
of FIFSG on such date.”

(c)           Section
6.1(z) is hereby amended and restated in its entirety as follows:

“(z)          FIFSG’s
Shareholder’s Equity as a percentage of its on-balance portfolio falls below
6.5% measured as of the end of each fiscal quarter of FIFSG, beginning with the
first fiscal quarter ending after October 11, 2006; and”.

SECTION
2.     Effective Date.  This Amendment shall become effective as of
the date (the “Effective
Date”) on which the
Administrative Agent shall have received counterparts of this Amendment
executed by a duly authorized officer of each party hereto and the Debtor shall
have taken such other action, including delivery of approvals, consents,
opinions, documents, fees and instruments, as the Company and the
Administrative Agent may reasonably request.

SECTION 3.     Miscellaneous.

(a)           References in the Security
Agreement.  Upon the effectiveness of
this Amendment, each reference in the Security Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein”, or words of like import shall mean and be a reference to
the Security Agreement as amended hereby, and each reference to the Security
Agreement in any other Transaction Document or any other document, instrument
or agreement, executed and/or delivered in connection with any Transaction
Document shall mean and be a reference to the Security Agreement as amended
hereby.

(b)           Effect on the Security Agreement.  Except as specifically amended hereby, the
Security Agreement shall remain in full force and effect.  This Amendment shall not constitute a
novation of the Security Agreement, but shall constitute an amendment thereof.

(c)           Successors and Assigns.  This Amendment shall be binding upon and
shall inure to the benefit of the parties hereto and their respective
successors and assigns.

 2
 

(d)           Counterparts.  This Amendment may be executed in any number
of counterparts, and by the different parties hereto on the same or separate
counterparts, each of which shall be deemed to be an original instrument but
all of which together shall constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page by facsimile shall be effective as delivery of a manually
executed counterpart of this Amendment.

(e)           Headings.  The descriptive headings of the various
sections of this Amendment are inserted for convenience of reference only and
shall not be deemed to affect the meaning or construction of any of the provisions
hereof.

(f)            Amendments.  This Amendment may not be amended or
otherwise modified except as provided in the Security Agreement.

(g)           GOVERNING LAW.  THIS AMENDMENT (INCLUDING, BUT NOT LIMITED
TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH,THE LAWS OF THE STATE OF NEW YORK, OTHER THAN THE CONFLICT
OF LAW RULES THEREOF.

 

[Remainder of page
left intentionally blank]

 3

IN WITNESS
WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duty authorized, as of the date first above
written.

	
  

  	
  FIRST INVESTORS AUTO RECEIVABLES

  CORPORATION.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Bennie H. Duck

  
	
   

  	
   

  	
  Title:   Vice President - Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIRST INVESTORS FINANCIAL SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Bennie H. Duck

  
	
   

  	
   

  	
  Title:   Vice President - Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIRST INVESTORS SERVICING CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
  Name: Bennie H. Duck

  
	
   

  	
   

  	
  Title:   Vice President - Treasurer

  
					

 

[Signatures
continued on next page]

 

[Signature
page to Amendment Number 1 to the Second Amended and Restated Security
Agreement for FIARC]

 

	
  

  	
  WACHOVIA CAPITAL MARKETS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
     Name:

  
	
   

  	
   

  	
     Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VARIABLE FUNDING CAPITAL COMPANY LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By Wachovia Capital Markets, LLC

  
	
   

  	
  as attorney-in-fact

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
     Name: Douglas R. Wilson, Sr.

  
	
   

  	
   

  	
     Title:   Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
     Name: Sue Dignan

  
	
   

  	
   

  	
     Title:  Assistant Vice
  President

  

 

[Signatures
continued on next page]

 

[Signature
page to Amendment Number 1 to the Second Amended and Restated Security
Agreement for FIARC]

Agreed to as of the 11th day of October, 2006

WACHOVIA BANK, NATIONAL ASSOCIATION,

as liquidity agent and
sole liquidity provider under the Liquidity Purchase Agreement

	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  

 

 

[End of
signatures]

 

[Signature
page to Amendment Number 1 to the Second Amended and Restated Security
Agreement for FIARC]Exhibit
10.133

EXECUTION COPY

AMENDMENT NO. 6 TO

NOTE PURCHASE AGREEMENT

AMENDMENT NO. 6 TO NOTE PURCHASE AGREEMENT, dated as of November
7, 2006 (the “Amendment”),
by and among FIRST INVESTORS RESIDUAL FUNDING LP (“Issuer”), VARIABLE FUNDING CAPITAL
COMPANY LLC (successor in interest to Variable Funding Capital Corporation),
WACHOVIA BANK, NATIONAL ASSOCIATION (f/k/a First Union National Bank), as
liquidity agent, the financial institutions from time to time party thereto and
WACHOVIA CAPITAL MARKETS, LLC (successor in interest to First Union Securities,
Inc.), as the deal agent (the “Deal Agent”)
and collateral agent (the “Collateral
Agent”).

W I T N E S S E T H:

WHEREAS,
the parties hereto entered into the Note Purchase Agreement, dated as of
December 6, 2001 (as amended, modified and waived to the date hereof, the “Note Purchase Agreement”); and

WHEREAS,
the parties to the Note Purchase Agreement desire to make certain amendments to
the Note Purchase Agreement;

NOW,
THEREFORE, in consideration of the foregoing, and the
respective agreements, warranties and covenants contained herein, the parties
hereto agree, covenant and warrant as follows:

SECTION
1. DEFINITIONS

1.1                               Interpretation.  All capitalized terms used herein (including
the recitals hereto) shall have the respective meanings assigned thereto in the
Note Purchase Agreement unless otherwise defined herein.

1.2                               Revised
Definitions.

(a)                                  The
definition of “Facility Limit” in Section 1.1 of the Agreement is hereby
modified, amended and restated to read in its entirety as follows:

“Facility
Limit:  On any day (a) prior to the
Termination Date $28,500,000 and (b) from and after the Termination Date
zero (0).”

SECTION
2. REPRESENTATIONS, WARRANTIES AND COVENANTS

Issuer hereby
represents, warrants that each of the representations and warranties made by it
or on its behalf in any of the Transaction Documents was true and correct when
made and is true and correct on and as of the date of this Amendment with the
same full force and effect as if each of such representations and warranties
had been made by it on the date hereof and in this Amendment.  Issuer further represents and warrants to the
Deal Agent, the Initial Note Investor, the Liquidity Agent and each Note
Investor, that:  (i) the execution,
delivery and performance by it of this Amendment are within its corporate
powers or limited partnership powers, as the case may be, have been duly
authorized by all necessary action, will not violate any requirement of law or
contractual obligation of Issuer and will not result in, or require, the
creation or imposition of any lien on any of its properties or revenues, (ii)
no authorization or approval or other action by, and no notice or filing with,
any governmental authority or regulatory body is required for the due
execution, delivery and performance by it of this Amendment, (iii) this
Amendment is its legal, valid and binding obligation, enforceable against it in
accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization or similar laws affecting creditors’
rights generally and (iv) it is in compliance with all applicable requirements
of law.  The representations and
warranties set forth above shall survive the execution of this Amendment.

SECTION
3. EFFECTIVENESS OF THIS AMENDMENT

The terms and
provisions of this Amendment shall be effective on the last to occur of receipt
by the Deal Agent of (a) an original of this Amendment fully executed by each
of the parties hereto and (b) receipt by the Deal Agent by wire transfer in
immediately available funds of an amendment fee in the amount of $125,000,
which fee shall be fully earned and not refundable in whole or in part upon the
execution and delivery of this Amendment.

SECTION
4. PROVISIONS OF GENERAL APPLICATION

4.1          Effect of this Amendment.  Except as modified pursuant hereto, no other
changes or modifications to the Transaction Documents are intended or implied
and in all other respects each of the Transaction Documents are hereby
specifically ratified, restated and confirmed by all parties hereto as of the
effective date hereof.  To the extent of
conflict between the terms of this Amendment and any other Transaction
Document, the terms of this Amendment shall control.  The Note Purchase Agreement and this Amendment
shall be read and construed as one agreement.

4.2          Further Assurances.  Issuer shall execute and deliver such
additional documents and take such additional action as may, in the opinion of
the Deal Agent, be necessary or desirable to effectuate the provisions and
purposes of this Amendment.

4.3          Binding Effect.  This Amendment shall be binding upon and
inure to the benefit of each of the parties hereto and their respective
successors and assigns.

 2
 

4.4          Survival of Representations and
Warranties.  All representations
and warranties made in this Amendment or any other document furnished in
connection with this Amendment shall survive the execution and delivery of this
Amendment and the other documents, and no investigation by the Deal Agent, the
Collateral Agent or any Secured Party or any closing shall affect the
representations and warranties or the right of Lenders to rely upon them.

4.5          Severability.  Any provision of this Amendment held by a
court of competent jurisdiction to be invalid or unenforceable shall not impair
or invalidate the remainder of this Amendment.

4.6          Governing Law.  THIS
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN
SUCH STATE, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

4.8          Counterparts.  This Amendment may be executed in any number
of counterparts, and by the different parties hereto on the same or separate
counterparts, each of which shall be deemed to be an original instrument but
all of which together shall constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page by facsimile shall be effective as delivery of a manually
executed counterpart of this Amendment.

 

[Remainder
of Page Intentionally Left Blank]

 3

IN WITNESS WHEREOF,
this Amendment is executed and delivered as of the day and year first above
written.

	
  ISSUER:

  	
  FIRST INVESTORS RESIDUAL FUNDING LP

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  FIALAC Holdings, Inc., its sole general

  partner

  
	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Bennie H. Duck

  
	
   

  	
  Title: Vice President and Chief Financial
  Officer

  

 

[Additional
Signatures to Follow]

 

[Signature page
to Amendment No. 6 to NPA - First Investors Residual]

 

	
  INITIAL NOTE INVESTOR:

  	
  VARIABLE FUNDING CAPITAL COMPANY LLC,

  	 

	
   

  	
   

  	 

	
   

  	
  By:
  Wachovia Capital Markets, LLC,

  as attorney-in-fact

  	 

	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	 

	
   

  	
  Name:

  	
   

  	 

	
   

  	
  Title:

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
   

  	 

	
  DEAL AGENT and

  	
   

  	 

	
  COLLATERAL AGENT

  	
  WACHOVIA CAPITAL MARKETS, LLC

  	 

	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	 

	
   

  	
  Name:

  	
   

  	 

	
   

  	
  Title:

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
   

  	 

	
  LIQUIDITY AGENT and

  	
   

  	 

	
  LIQUIDITY BANK

  	
  WACHOVIA BANK, NATIONAL ASSOCIATION

  	 

	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	 

	
   

  	
  Name:

  	
   

  	 

	
   

  	
  Title:

  	
   

  
							

 

[End
of Signatures]

 

[Signature page
to Amendment No. 6 to NPA - First Investors Residual]

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