0001193125-18-136947 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • April 27th, 2018 • Angel Oak Financial Institutions Income Term Trust • New York

THIS AGREEMENT is made and entered into by and between ANGEL OAK FINANCIAL INSTITUTIONS TERM TRUST, a Delaware statutory trust (the “Fund”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

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FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • April 27th, 2018 • Angel Oak Financial Institutions Income Term Trust • New York

THIS AGREEMENT is made and entered into by and between ANGEL OAK FINANCIAL INSTITUTIONS TERM TRUST, a Delaware statutory trust (the “Fund”), and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • April 27th, 2018 • Angel Oak Financial Institutions Income Term Trust • New York

THIS AGREEMENT is made and entered into by and between ANGEL OAK FINANCIAL INSTITUTIONS TERM TRUST a Delaware statutory trust (the “Fund”), and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • April 27th, 2018 • Angel Oak Financial Institutions Income Term Trust • New York

THIS AGREEMENT is made and entered into by and between ANGEL OAK FINANCIAL INSTITUTIONS TERM TRUST, a Delaware statutory trust (the “Fund”), and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

ANGEL OAK FINANCIAL INSTITUTIONS INCOME TERM TRUST FORM OF INVESTMENT ADVISORY AGREEMENT with ANGEL OAK CAPITAL ADVISORS, LLC
Investment Advisory Agreement • April 27th, 2018 • Angel Oak Financial Institutions Income Term Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the [ ] day of [ ], [ ], by and between Angel Oak Financial Institutions Income Term Trust, a Delaware statutory trust (hereinafter called the “Fund”) and Angel Oak Capital Advisors, LLC, a Delaware limited liability corporation (hereinafter called the “Adviser”).

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