0001398344-21-007404 Sample Contracts

investment ADVISORY AGREEMENT
Investment Advisory Agreement • March 30th, 2021 • Advisors' Inner Circle Fund III • Delaware

INVESTMENT ADVISORY AGREEMENT (the “Agreement”) made as of this 29th day of March, 2021, by and between The Advisors’ Inner Circle Fund III (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Democracy Investment Management LLC (the “Adviser”), a limited liability company organized under the laws of the State of Delaware, with the Adviser’s principal place of business at 1480 Moraga Road, Suite C #378, Moraga, California 94556.

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SUBADVISORY AGREEMENT
Subadvisory Agreement • March 30th, 2021 • Advisors' Inner Circle Fund III • Delaware

WHEREAS, pursuant to authority granted to the Adviser by the Board of Trustees (the “Board”) of The Advisors’ Inner Circle Fund III (the “Trust”), a Delaware statutory trust registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), on behalf of the series set forth on Schedule A to this Agreement (each, a “Fund,” and, collectively, the “Funds”), and pursuant to the provisions of the Investment Advisory Agreement, dated as of March 29, 2021, by and between the Adviser and the Trust (the “Management Agreement”), the Adviser has selected the Subadviser to act as sub-investment adviser of each Fund and to provide certain related services, as more fully set forth below, and to perform these services under the terms and conditions hereinafter set forth; and

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