0000894189-14-005299 Sample Contracts

BROWN ADVISORY FUNDS FORM OF INVESTMENT SUB-ADVISORY AGREEMENT for the BROWN ADVISORY EMERGING MARKETS SMALL-CAP FUND
Investment Sub-Advisory Agreement • October 31st, 2014 • Brown Advisory Funds • Delaware

This Investment Sub-Advisory Agreement is made as of __, 2014, by and between Brown Advisory LLC (the “Adviser”) and Macquarie Funds Management Hong Kong Ltd. (the “Sub-Adviser”).

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