0001104659-24-083074 Sample Contracts

First Trust Hedged Strategies Fund BY-LAWS
First Trust Hedged Strategies Fund • July 26th, 2024

These Amended and Restated By-laws (the "By-laws") of the First Trust Hedged Strategies Fund (the "Trust"), a Delaware statutory trust, are subject to the Trust's Agreement and Declaration of Trust dated March 22, 2023, as from time to time amended, supplemented or restated (the "Trust Instrument"). Capitalized terms used herein which are defined in the Trust Instrument are used as therein defined.

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CREDIT AGREEMENT Dated as of July 3, 2023 by and among FIRST TRUST HEDGED STRATEGIES FUND as the Borrower, THE OTHER PARTIES HERETO THAT ARE DESIGNATED AS LOAN PARTIES and TRISTATE CAPITAL BANK, as the Lender
Credit Agreement • July 26th, 2024 • First Trust Hedged Strategies Fund • Ohio

As amended by (i) the First Amendment to Credit Agreement dated as of October 30, 2023, (ii) the Second Amendment to Credit Agreement executed as of February 28, 2024 to be effective as of January 31, 2024 and (iii) the Third Amendment to Credit Agreement dated as of June 27, 2024.

JOINT INSURED BOND AGREEMENT
Joint Insured Bond Agreement • July 26th, 2024 • First Trust Hedged Strategies Fund • Delaware

AGREEMENT dated as of this 5th day of June, 2024, by and between Infinity Core Alternative Fund, First Trust Alternative Opportunities Fund, Variant Alternative Income Fund, Variant Impact Fund, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Assets Fund, Aspiriant Risk-Managed Capital Appreciation Fund, AFA Private Credit Fund, The Optima Dynamic Alternatives Fund, First Trust Real Assets Fund, First Trust Private Credit Fund, First Trust Private Assets Fund, Destiny Alternative Fund LLC, Destiny Alternative Fund (TEI) LLC, Pender Real Estate Credit Fund, Felicitas Private Markets Fund, First Trust Hedged Strategies Fund, FT Vest Hedged Equity Income Fund: Series A2, FT Vest Hedged Equity Income Fund: Series A3, FT Vest Hedged Equity Income Fund: Series A4, FT Vest Total Return Income Fund: Series A2, First Trust Enhanced Private Credit Fund and Variant Alternative Lending Fund (each a “Fund” and together, the “Funds”).

JOINT LIABILITY INSURANCE AGREEMENT
Joint Liability Insurance Agreement • July 26th, 2024 • First Trust Hedged Strategies Fund • Delaware

AGREEMENT dated the 5th day of June, 2024 between the Infinity Core Alternative Fund, First Trust Alternative Opportunities Fund, Variant Alternative Income Fund, Variant Impact Fund, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Assets Fund, Aspiriant Risk-Managed Capital Appreciation Fund, AFA Private Credit Fund, The Optima Dynamic Alternatives Fund, First Trust Real Assets Fund, First Trust Private Credit Fund, First Trust Private Assets Fund, Destiny Alternative Fund LLC, Destiny Alternative Fund (TEI) LLC, Pender Real Estate Credit Fund, Felicitas Private Markets Fund, First Trust Hedged Strategies Fund, FT Vest Hedged Equity Income Fund: Series A2, FT Vest Hedged Equity Income Fund: Series A3, FT Vest Hedged Equity Income Fund: Series A4, FT Vest Total Return Income Fund: Series A2, First Trust Enhanced Private Credit Fund and Variant Alternative Lending Fund (collectively, the “Funds” and individually, a “Fund”).

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