0000894189-17-001530 Sample Contracts

Contract
Investment Advisory Agreement • March 24th, 2017 • City National Rochdale High Yield Alternative Strategies Master Fund LLC • Delaware
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LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • March 24th, 2017 • City National Rochdale High Yield Alternative Strategies Master Fund LLC • Delaware

OPERATING AGREEMENT of City National Rochdale High Yield Alternative Strategies Master Fund LLC (the "Fund") is made effective as of December 3, 2013 by the Manager (as defined below) and on behalf of each person reflected on the books of the Fund as a Member. Subsequently, this Agreement is effective with respect to each person hereinafter admitted to the Fund and reflected on the books of the Fund as a Member.

Contract
Operating Expense Limitation Agreement • March 24th, 2017 • City National Rochdale High Yield Alternative Strategies Master Fund LLC • Delaware
Contract
Limited Liability Company Operating Agreement • March 24th, 2017 • City National Rochdale High Yield Alternative Strategies Master Fund LLC
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