SUB-ADVISORY AGREEMENTSub-Advisory Agreement • April 30th, 2007 • Underlying Funds Trust • New York
THIS AGREEMENT is made and entered into as of this ___ day of _________, 2007, by and among Alternative Investment Partners, LLC, a Delaware limited liability company (the “Advisor”), Pacificor, LLC, a Delaware limited liability company (the “Sub-Advisor”), and the Underlying Funds Trust, a Delaware statutory trust (the “Trust”) on behalf of its series, Deep Value Fixed Income - 1 (the “Fund”).
UNDERLYING FUNDS TRUST AGREEMENT AND DECLARATION OF TRUST March 27, 2006, amended April 30, 2007Underlying Funds Trust • April 30th, 2007 • Underlying Funds Trust • Delaware
THIS AGREEMENT AND DECLARATION OF TRUST of Underlying Funds Trust made as of this 27th day of March, 2006, by those individuals set forth on the signature page hereof, as trustees (such individuals, so long as they shall continue in office in accordance with the provisions of this Agreement and Declaration of Trust, and all other Persons who may hereafter be duly elected or appointed, qualified and serving as trustees in accordance with the provisions hereof, being hereinafter called “Trustees”) for the purpose of forming a Delaware statutory trust in accordance with the provisions hereinafter set forth.
