0001104659-14-054551 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • July 30th, 2014 • Hatteras Core Alternatives TEI Institutional Fund, L.P. • Delaware

This is to confirm that, in consideration of the agreements hereinafter contained, the undersigned, Hatteras Core Alternatives TEI Institutional Fund, L.P. (the “Fund”), a closed-end management investment company organized as a limited partnership under the laws of the State of Delaware, has appointed you, the “Distributor,” and that you shall be the exclusive distributor in connection with the offering and sale of limited partnership units (the “Units”). The Units shall have such rights and conditions and shall be sold in the manner set forth from time to time in the Fund’s Registration Statement, as defined below. The organization, administration and policies of the Fund are described in its Prospectus and SAI (as those terms are defined below). (This letter, as amended from time to time, shall be referred to hereinafter as the “Agreement”.)

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 30th, 2014 • Hatteras Core Alternatives TEI Institutional Fund, L.P. • Delaware

AGREEMENT dated as of July 1, 2014, between SCOTLAND ACQUISITION LLC d/b/a HATTERAS FUNDS, LLC, a Delaware limited liability company (the “Adviser”), and HATTERAS MASTER FUND, L.P., a Delaware limited partnership (the “Master Fund”). All terms not defined herein shall have the meanings ascribed to them in the Limited Partnership Agreement of the Master Fund (the “Master Partnership Agreement”).

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