AQR Funds
Exhibit (l)
Two Greenwich Plaza, 3rd Floor
Greenwich, CT 06830
December 2, 2008
AQR Capital Management, LLC
Ladies and Gentlemen:
AQR Funds, on behalf of its series listed below, hereby accepts your offer to purchase 10,000 shares of the AQR Diversified Arbitrage Fund at a purchase price of $10.00 per share, for an aggregate purchase price of $100,000.00.
This agreement is subject to the understanding that you have no present intention of selling or redeeming the shares so acquired.
Any redemption of these shares of any series by you will be reduced by a pro rata portion of any then unamortized organization expenses of such series. This proration will be calculated by dividing the number of shares of such series to be redeemed by the aggregate number of shares of such series held which represent the initial capital of the series.
| AQR FUNDS | ||
| By: | /s/ Xxxxxxx Xxxx | |
| Name: | Xxxxxxx Xxxx | |
| Title: | Secretary | |
Accepted:
| AQR Capital Management, LLC | ||
| By: | /s/ Xxxxxxx Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Principal and General Counsel | |
