JOINT INSURED BOND AGREEMENT
Exhibit
99.3
AGREEMENT,
made this 5th day of March, 2010 between undersigned (each an "Insured" and
together, the "Insureds") pursuant to Rule 17g-1(f) under the Investment Company
Act of 1940 (the "1940 Act") relating to the Insureds' joint insured bond (the
"Bond").
The
Insureds hereby agree that in the event recovery is received under the Bond as a
result of a loss sustained by each of the Insureds, each Insured shall receive
an equitable and proportionate share of the recovery, and in all such events
such share of the recovery shall be an amount that is at least equal to the
amount which it would have received had it maintained a single insured bond with
the minimum coverage required by Rule 17g-1(d) under the 1940 Act.
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Chief
Operating Officer and Secretary
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FORTRESS
INVESTMENT TRUST II
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Chief
Operating Officer and Secretary
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