0001829126-22-007769 Sample Contracts

ADMINISTRATION AGREEMENT BETWEEN AFC BDC INC. AND AFC ADVISOR LLC
Administration Agreement • April 5th, 2022 • AFC BDC Inc. • New York

This Agreement (“Agreement”) is made as of April 4, 2022 by and between AFC BDC Inc., a Maryland corporation (the “Company”), and AFC Advisor LLC, a Delaware limited liability company (the “Administrator”).

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CUSTODY AGREEMENT OF AFC BDC INC. WITH VALLEY NATIONAL BANK
Custody Agreement • April 5th, 2022 • AFC BDC Inc. • New York

AFC BDC INC. (the “Company”) hereby establishes a Custody Account (the “Account”) with Valley National Bank (“VNB” or “the Custodian”) in accordance with the terms of this agreement, including any attached Schedules (the “Agreement”).

INVESTMENT ADVISORY AGREEMENT BETWEEN AFC BDC INC. AND AFC ADVISOR LLC
Administration Agreement • April 5th, 2022 • AFC BDC Inc. • New York

This Agreement (the “Agreement”) is made as of April 4, 2022, by and between AFC BDC Inc., a Maryland corporation (the “Company”), and AFC Advisor LLC, a Delaware limited liability company (the “Advisor”).

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