0001623632-18-000993 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • August 17th, 2018 • Federated MDT Equity Trust • Pennsylvania

This Subadvisory Agreement (this “Agreement”) is entered into as of [ ], 2018, among Federated Global Investment Management Corp., a Delaware business corporation (“Adviser”), Federated Adviser Series (formerly, Federated MDT Equity Trust) (the “Trust”), on behalf of each series portfolio of the Trust which executes an exhibit to this Agreement (each a “Fund” and collectively, the “Funds”), and Hermes Investment Management Limited, a limited liability corporation registered in England and Wales (“Subadviser”).

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FORM OF INVESTMENT ADVISORY CONTRACT FEDERATED ADVISER SERIES INVESTMENT ADVISORY CONTRACT
Federated MDT Equity Trust • August 17th, 2018 • Pennsylvania

This Contract is made this [ ] day of [ ], 2018, between Federated Global Investment Management Corp., a Delaware business corporation having its principal place of business in New York, New York (the “Adviser”), and Federated Adviser Series (formerly, Federated MDT Equity Trust), a Delaware statutory trust having its principal place of business in Pittsburgh, Pennsylvania (the “Trust”).

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