0001493152-21-000031 Sample Contracts

ADMINISTRATION AGREEMENT
Administration Agreement • January 4th, 2021 • Rand Capital Corp • New York

AGREEMENT (this “Agreement”) made as of December 31, 2020 (the “Effective Date”) by and between Rand Capital Corporation, a New York corporation (hereinafter referred to as the “Corporation”), and Rand Capital Management LLC, a Delaware limited liability company (hereinafter referred to as the “Administrator”).

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INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN RAND CAPITAL CORPORATION AND RAND CAPITAL MANAGEMENT LLC
Investment Advisory and Management Agreement • January 4th, 2021 • Rand Capital Corp • New York

Agreement made this 31st day of December, 2020, by and between RAND CAPITAL CORPORATION, a New York corporation (the “Corporation”), and RAND CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Adviser”).

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