0000898432-08-000691 Sample Contracts

FEDERATED CORE TRUST III INVESTMENT ADVISORY CONTRACT
Investment Advisory Contract • July 22nd, 2008 • Federated Core Trust III • Pennsylvania

This Contract is made this 1st day of March, 2008, between Federated Investment Management Company, a Delaware business trust having its principal place of business in Pittsburgh, Pennsylvania (the "Adviser"), and Federated Core Trust III, a Delaware statutory trust having its principal place of business in Pittsburgh, Pennsylvania (the “Trust ”).

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TRANSFER AGENCY AND SERVICE AGREEMENT BETWEEN
Agency and Service Agreement • July 22nd, 2008 • Federated Core Trust III • 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.

AGREEMENT for ADMINISTRATIVE SERVICES
Administrative Services • July 22nd, 2008 • Federated Core Trust III • Pennsylvania

This AGREEMENT is made, severally and not jointly, as of November 1, 2003, by each of the investment companies listed on Exhibit A hereto, each having its principal office and place of business at 5800 Corporate Drive, Pittsburgh, Pennsylvania 15237-7010 (collectively, the “Investment Company”), and FEDERATED ADMINISTRATIVE SERVICES, a Delaware statutory trust, having its principal office and place of business at Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 (the “Company”).

Federated Core Trust III, on behalf of its portfolio, Federated Project and Trade Finance Core Fund Federated Investors Funds Pittsburgh, PA 15237-7000 March 1, 2008
Federated Core Trust III • July 22nd, 2008

This is to confirm that, in consideration of the agreements hereinafter contained, the undersigned Federated Project and Trade Finance Core Fund, a portfolio of Federated Core Trust III (the “Trust”), an open-end diversified management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), organized as a statutory trust under the laws of the State of Delaware, has agreed that Federated Securities Corp., a Pennsylvania corporation (“FSC”), shall be the exclusive placement agent (the “Exclusive Placement Agent”) of beneficial interests (“Trust Interests”) of Federated Project and Trade Finance Core Fund.

FINANCIAL ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT
Financial Administration and Accounting Services Agreement • July 22nd, 2008 • Federated Core Trust III • Massachusetts

THIS AGREEMENT dated as of January 1, 2007 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”).

FEDERATED CORE TRUST III [FORM OF] AGREEMENT AND DECLARATION OF TRUST
Federated Core Trust III • July 22nd, 2008
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