0001193125-15-330916 Sample Contracts

BY-LAWS OF AMG FUNDS III Dated as of September 17, 2015
Amg Funds Iii • September 28th, 2015 • Amg Funds Iii
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Amended and Restated Distribution Agreement Dated as of September 17, 2015
Distribution Agreement • September 28th, 2015 • Amg Funds Iii • Massachusetts

This AMENDED AND RESTATED DISTRIBUTION AGREEMENT (the “Agreement”), is dated September 17, 2015, between AMG Funds III, a Massachusetts business trust (the “Company”), on behalf of each of its series listed on Appendix A (the “Fund” or “Funds”), as Appendix A may be amended from time to time in accordance with Section 13 below, and AMG Distributors, Inc., a Delaware corporation (the “Distributor”). The Company is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”), and offers for sale shares (the “Shares”) of each Fund, which Shares have been registered under the Securities Act of 1933 (the “1933 Act”), to the public in accordance with the terms and conditions set forth in the prospectuses (each, a “Prospectus”) and statements of additional information (each, a “Statement of Additional Information”) of the Funds included in the Company’s registration statement on Form N-1A (the “Registration Statement”), as such documents may be amended from ti

LETTER AGREEMENT
Letter Agreement • September 28th, 2015 • Amg Funds Iii
AMENDMENT NO. 1 DATED AS OF JULY 1, 2015 TO FUND MANAGEMENT AGREEMENT DATED AS OF APRIL 1, 1999
Fund Management Agreement • September 28th, 2015 • Amg Funds Iii

WHEREAS, AMG FUNDS III (formerly, THE MANAGERS FUNDS), a Massachusetts business trust having its principal place of business in Norwalk, Connecticut (the “Company”), and AMG FUNDS LLC (formerly, MANAGERS INVESTMENT GROUP LLC, which was formerly THE MANAGERS FUNDS LLC), a limited liability company organized under the laws of the State of Delaware and having its principal place of business in Norwalk, Connecticut (the “Manager”), entered into a Fund Management Agreement dated as of April 1, 1999 (as amended through the date hereof, the “Fund Management Agreement”);

LETTER AGREEMENT
Letter Agreement • September 28th, 2015 • Amg Funds Iii
LETTER AGREEMENT
Letter Agreement • September 28th, 2015 • Amg Funds Iii
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