0000894189-10-001416 Sample Contracts

SERVICING AGREEMENT
Servicing Agreement • April 12th, 2010 • SCS Hedged Opportunities Fund, LLC • Delaware

THIS AGREEMENT is made and entered into as of this ____ day of April 2010, by and among SCS HEDGED OPPORTUNITIES FUND, LLC, a Delaware limited liability company (the “Feeder Fund”), SCS HEDGED OPPORTUNITIES MASTER FUND, LLC, a Delaware limited liability company (the “Master Fund”), SCS CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (the “Adviser”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”). The Feeder Fund and the Master Fund are sometimes referred to herein individually as a “Fund” and collectively as the “Funds”.

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PRIVATE INVESTMENT COMPANY CUSTODIAN AGREEMENT
Private Investment Company • April 12th, 2010 • SCS Hedged Opportunities Fund, LLC • Delaware
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