0001193125-08-012516 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 25th, 2008 • Excelsior Venture Partners Iii LLC • New York

INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of [ , 2007] by and between Excelsior Venture Partners III, LLC, a Delaware limited liability company (the “Company”) and UST Advisers, Inc., a Delaware corporation and registered investment adviser (the “Investment Adviser” or “USTA”).

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