Master Basic Value LLC Sample Contracts

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ARTICLE I ---------
Investment Advisory Agreement • October 13th, 2000 • Master Basic Value Trust • New York
MASTER BASIC VALUE LLC LIMITED LIABILITY COMPANY AGREEMENT Dated: June 15, 2007
Limited Liability Company Agreement • October 29th, 2007 • Master Basic Value LLC • Delaware

This Limited Liability Company Agreement (“Agreement”) of Master Basic Value LLC (the “Company”), is made as of June 15, 2007, by the Directors named herein and the Holders (as hereinafter defined) of the Company on the date hereof and those persons and entities hereinafter admitted as Holders.

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