0001193125-06-199120 Sample Contracts

Renewal of Distribution Agreement
Distribution Agreement • September 28th, 2006 • Nuveen Multistate Trust Iii

Agreement made this 1st day of August, 2006 by and between Nuveen Multistate Trust III (formerly Nuveen Flagship Multistate Trust III), a Massachusetts business trust (the “Fund”), and NUVEEN INVESTMENTS, LLC, a Delaware corporation (the “Underwriter”);

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NUVEEN MULTISTATE TRUST III RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 28th, 2006 • Nuveen Multistate Trust Iii

This Agreement made this 24th day of May 2006 by and between Nuveen Multistate Trust III, a Massachusetts business trust (the “Fund”), and Nuveen Asset Management, a Delaware corporation (the “Adviser”);

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