0001133228-23-004401 Sample Contracts

THIRD AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT BETWEEN BARINGS BDC, INC. AND BARINGS LLC
Investment Advisory Agreement • July 14th, 2023 • Barings BDC, Inc. • New York

THIS THIRD AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT, dated as of June 24, 2023 (this “Agreement”), between Barings BDC, Inc., a Maryland corporation (the “Company”), and Barings LLC, a Delaware limited liability company (the “Adviser”).

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