0001104659-14-028161 Sample Contracts

CUSTODIAN AGREEMENT
Custodian Agreement • April 16th, 2014 • H&q Healthcare Investors • Massachusetts

This Agreement between H & Q HEALTHCARE INVESTORS, a business trust organized and existing under the laws of Massachusetts (the “Fund”), and STATE STREET BANK and TRUST COMPANY, a Massachusetts trust company (the “Custodian”).

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H&Q HEALTHCARE INVESTORS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 16th, 2014 • H&q Healthcare Investors • Massachusetts

THIS INVESTMENT ADVISORY AGREEMENT, dated as of July 1 2009 between H&Q HEALTHCARE INVESTORS, a Massachusetts business trust (the “Fund”), and HAMBRECHT & QUIST CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Investment Adviser”),

ADMINISTRATION AGREEMENT
Administration Agreement • April 16th, 2014 • H&q Healthcare Investors • Massachusetts

Agreement dated as of July 1, 2005 by and between State Street Bank and Trust Company, a Massachusetts trust company (the “Administrator”) and H&Q Life Sciences Investors and the H&Q Healthcare Investors (individually, a “Trust” and collectively, the “Trusts”).

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