FORM OF LOAN AUTHORIZATION AGREEMENTLoan Authorization Agreement • December 20th, 2006 • BlackRock Multi-Strategy Hedge Opportunities LLC • Illinois
MULTI -STRATEGY HEDGE OPPORTUNITIES LLC, a Delaware limited liability company (“Borrower”) has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a loan account (“Loan Account”) from which the Borrower may from time to time request loans in the aggregate amount of credit shown below (the “Maximum Credit”). This Agreement, and the Loan Account established hereunder, represents an uncommitted credit facility, and each Loan (as hereinafter defined) is made available to the Borrower subject to the Bank’s approval on a loan-by-loan basis as and when such Loan is requested by the Borrower. Interest on such loans shall be computed at a variable rate which may change daily as set in Section 2 herein. The Borrower may make principal payments at any time and in any amount, upon prior written or telephonic notice prior to 3:00 p.m. Chicago time to the Bank. The request by the Borrower for, and the making by the Bank of, any loan against
