LETTER AGREEMENT

Amended and Restated Distribution Agreement

July 1, 2019

AMG Distributors, Inc.

600 Steamboat Road, Suite 300

Greenwich, CT 06830

Attn: Keitha L. Kinne, Chief Operating Officer

Re: Amended and Restated Distribution Agreement between AMG Distributors, Inc. and AMG Funds III, dated as of September 17, 2015, as amended from time to time (the “Distribution Agreement”)

Ladies and Gentlemen:

AMG Funds III (the “Trust”) hereby notifies you that it desires to amend and restate Appendix A and Schedule A to the Distribution Agreement. Attached as Exhibit A is an amended and restated Appendix A to the Distribution Agreement, and attached as Exhibit B is an amended and restated Schedule A to the Distribution Agreement.

Please acknowledge your agreement to amend and restate Appendix A and Schedule A to the Distribution Agreement by executing this letter agreement in the space provided below and then returning it to the undersigned.

Sincerely,

AMG Funds III

By:	/s/ Thomas Disbrow
	Name: Thomas Disbrow
	Title: Treasurer, Chief Financial Officer
	and Principal Financial Officer

ACKNOWLEDGED AND ACCEPTED

AMG Distributors, Inc.

By:	/s/ Keitha L. Kinne
	Name: Keitha L. Kinne
	Title: Chief Operating Officer
	Date: July 1, 2019

Exhibit A

AMENDED AND RESTATED APPENDIX A

AMG Managers Loomis Sayles Bond Fund

AMG Managers Cadence Emerging Companies Fund

AMG Managers Cadence Mid Cap Fund

AMG Managers Global Income Opportunity Fund

AMG Managers Special Equity Fund

Date: July 1, 2019

Exhibit B

AMENDED AND RESTATED SCHEDULE A

Class	Annual Rate of Average Daily Value of Net Assets
Class N	0.25%*

* Subject to applicable limits imposed by FINRA Rule 2341 or any successor rule.

Date: July 1, 2019