DISTRIBUTION AGREEMENTDistribution Agreement • January 27th, 2016 • ACAP Strategic Fund • New York
THIS DISTRIBUTION AGREEMENT (the “Agreement”) by and between ACAP STRATEGIC FUND a Delaware statutory trust (the “Fund”), and BREAKWATER GROUP L.L.C., a Delaware limited liability company (the “Distributor”), is dated as of May 18, 2015 and effective as set forth in Section 9(a) of this Agreement.
AMENDMENT NO. 1 DATED AS OF DECEMBER 18, 2014 TO THE INVESTMENT ADVISORY AGREEMENT DATED DECEMBER 8, 2009Investment Advisory Agreement • January 27th, 2016 • ACAP Strategic Fund
WHEREAS, at a meeting held on November 20, 2014, the Board of Trustees of ACAP Strategic Fund (the "Fund"), in accordance with Section 17 of the Investment Advisory Agreement dated December 8, 2009 between the Fund and Silverbay Capita l Management LLC (the "Agreement"), approved a proposal to reduce the Fund 's Management Fee from 2.00% to 1 .50%.
