0000905148-10-002014 Sample Contracts

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT FOR IRONWOOD MULTI- STRATEGY FUND LLC
Limited Liability Company Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • Delaware

THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) is entered into as of October 5, 2010 by Jonathan Gans (the “Initial Member”), and other persons or entities who shall execute counterparts of this Agreement or the investor certification (the “Investor Certification”) in accordance with the provisions hereof as members (the “Subsequent Members” and, together with the Initial Member, the “Members”).

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INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • California

This INVESTMENT MANAGEMENT AGREEMENT, dated as of October 5, 2010 (the “Agreement”), is made and entered into by and among Ironwood Institutional Multi-Strategy Fund LLC, a Delaware limited liability company (the “Master Fund”), Ironwood Multi-Strategy Fund LLC, a Delaware limited liability company (the “Feeder Fund” and, collectively with the Master Fund, the “Funds”) and Ironwood Capital Management Corporation, a California corporation (the “Investment Manager”).

HEDGEOP COMPLIANCE, LLC REGULATORY AND COMPLIANCE SUPPORT SERVICES AGREEMENT
Regulatory and Compliance Support Services Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • New York

This agreement (this “Agreement”), dated as of October 1, 2010 is by and between HedgeOp Compliance, LLC (“HedgeOp”), a Delaware limited liability company and each investment fund listed on attached Schedule C (each, a “Fund” and, collectively, the “Funds”).

DISTRIBUTION AGREEMENT
Distribution Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • Delaware

THIS AGREEMENT is made and entered into as of this 5th day of October 2010, by and among each of the entities listed on Exhibit A attached hereto (each a “Fund”, and, collectively, the “Funds”) and Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”).

IRONWOOD MULTI-STRATEGY FUND LLC LIMITED LIABILITY COMPANY AGREEMENT Dated as of August 25, 2010
Limited Liability Company Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • Delaware

This LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) dated as of August 25, 2010 by and between Ironwood Capital Management Corporation, as managing member (the “Managing Member”) of Ironwood Multi-Strategy Fund LLC (the “Fund”), and the Fund.

Contract
Purchase Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC
Contract
Expense Limitation Agreement • October 18th, 2010 • Ironwood Multi-Strategy Fund LLC • California
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