0000902664-14-001297 Sample Contracts

AMENDED AND RESTATED JOINT INSURED AGREEMENT
Joint Insured Agreement • February 20th, 2014 • Excelsior Private Markets Fund III (TI), LLC

This AMENDED AND RESTATED JOINT INSURED BOND AGREEMENT (the "Agreement") dated as of December 31, 2013 by and among Excelsior Venture Partners III, LLC; Excelsior Multi-Strategy Hedge Fund of Funds, LLC; Excelsior Buyout Investors, LLC; UST Global Private Markets Fund, LLC; Excelsior Private Markets Fund II (TI), LLC; Excelsior Private Markets Fund II (TE), LLC, Excelsior Private Markets Fund II (Master), LLC, Excelsior Private Markets Fund II (Offshore), LDC, Excelsior Private Markets Fund III (TI), LLC; Excelsior Private Markets Fund III (TE), LLC, Excelsior Private Markets Fund III (Master), LLC and Excelsior Private Markets Fund III (Offshore), LDC (collectively, the "Funds").

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