SCHEDULE A
AMENDED AS OF JANUARY 26, 2018
TO THE
EXPENSE LIMITATION AGREEMENT
DATED FEBRUARY 28, 2017 BETWEEN
THE ADVISORS' INNER CIRCLE FUND III
AND
BNP PARIBAS ASSET MANAGEMENT USA, INC. (F/K/A XXXXXXX XXXXXXX TREES &
XXXXX, INC.)
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Funds of the Trust:
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MAXIMUM ANNUAL
OPERATING EXPENSE
NAME OF FUND SHARE CLASS LIMIT INITIAL TERM END DATE
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BNP Paribas AM Institutional
Absolute Return Fixed -----------------
Income Fund Investor 0.35% January 31, 2019
-----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM Global Institutional
Inflation-Linked Bond -----------------
Fund Investor 0.25% January 31, 2019
-----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM Institutional
Emerging Markets Equity -----------------
Fund Investor 0.75% January 31, 2019
-----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM MBS Institutional
Fund -----------------
Investor 0.30% January 31, 2019
-----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM U.S. Institutional
Small Cap Equity Fund -----------------
Investor 0.75% January 31, 2019
-----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM Institutional
Emerging Markets Total -----------------
Return Fixed Income Investor 0.30% January 31, 2019
Fund -----------------
Retail
---------------------------------------------------------------------------------------------------------
BNP Paribas AM U.S. Institutional
Inflation-Linked Bond -----------------
Fund Investor 0.25% July 31, 2018
-----------------
Retail
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ACKNOWLEDGED AND ACCEPTED BY:
THE ADVISORS' INNER CIRCLE FUND III BNP PARIBAS ASSET MANAGEMENT
USA, INC.
BY: /S/ XXXX XXXXXXXXX BY: /S/ XXXX XXXXXXXX
-------------------------- ---------------------------------
NAME: XXXX XXXXXXXXX NAME: XXXX XXXXXXXX
TITLE:VP & ASSISTANT SECRETARY TITLE: HEAD OF WHOLESALE DISTRIBUTION
