EXHIBIT (p)
DB HEDGE STRATEGIES FUND LLC
FORM OF PURCHASE AGREEMENT
Purchase Agreement dated June 27, 2002 between DB Hedge Strategies Fund
LLC, a limited liability company organized under the laws of the State of
Delaware (the "Fund") and Deutsche Asset Management, Inc. ("▇▇▇▇"), a
corporation organized under the laws of the State of Delaware;
WHEREAS, the Fund is a closed-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act");
WHEREAS, the Fund proposes to issue and sell units of limited liability
company interest in the Fund ("Units") to the public pursuant to a Registration
Statement on Form N-2 filed with the Securities and Exchange Commission; and
WHEREAS, Section 14(a) of the 1940 Act requires each registered investment
company to have a net worth of at least $100,000 before making a public offering
of its Units;
NOW, THEREFORE, the Fund and ▇▇▇▇ agree as follows:
1. The Fund offers to sell to ▇▇▇▇, and ▇▇▇▇ agrees to purchase from
the Fund, Units of the Fund for an aggregate price of $1,200,000 on
June 27, 2002.
2. ▇▇▇▇ represents and warrants to the Fund that ▇▇▇▇ is acquiring the
Units for investment purposes only and not with a view toward resale
or further distribution.
3. ▇▇▇▇'▇ right under this Purchase Agreement to purchase the Units is
not assignable.
IN WITNESS WHEREOF, the Fund and ▇▇▇▇ have caused their duly authorized
officers to execute this Purchase Agreement as of the date first above written.
DB HEDGE STRATEGIES FUND LLC DEUTSCHE ASSET MANAGEMENT, INC.
By: ____________________________ By: __________________________________
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Vice President Managing Director
