Exhibit 99.2(p) Initial Subscription Agreement ASA Hedged Equity Fund LLC For and in consideration of the mutual agreements herein contained [Name of Subscriber], hereinafter referred to as "Subscriber," hereby agrees to purchase from ASA Hedged...Initial Subscription Agreement • March 23rd, 2004 • Asa Hedged Equity Fund LLC
For and in consideration of the mutual agreements herein contained [Name of Subscriber], hereinafter referred to as "Subscriber," hereby agrees to purchase from ASA Hedged Equity Fund LLC , an Illinois limited liability corporation (the "Fund"), and Fund agrees to sell to the Subscriber [4,000] limited liability company interests in the Fund (the "Interests") upon the following terms and conditions:
