0001193125-07-268152 Sample Contracts

CUSTODIAN AGREEMENT
Custodian Agreement • December 19th, 2007 • Morgan Stanley Global Long/Short Fund P • Massachusetts

THIS AGREEMENT is made as of the 15th day of November, 2007 by and between (i) Morgan Stanley Global Long/Short Fund P, a Delaware statutory trust formed under an Agreement and Declaration of Trust dated June 19, 2007 (the “Declaration of Trust”) registered under the Investment Company Act of 1940, as amended (the “1940 Act”) with its principal place of business at One Tower Bridge, 100 Front Street, Suite 1100, West Conshohocken, Pennsylvania, U.S.A. (the “Fund”), and (ii) STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company with its principal place of business at 225 Franklin Street, Boston, Massachusetts 02110, U.S.A. (the “Custodian”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • December 19th, 2007 • Morgan Stanley Global Long/Short Fund P • New York

AGREEMENT made this 20th day of June, 2007, between MORGAN STANLEY GLOBAL LONG/SHORT FUND P, a Delaware statutory trust (the “Fund”), and Morgan Stanley Distribution, Inc. (the “Distributor”).

ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • December 19th, 2007 • Morgan Stanley Global Long/Short Fund P • Massachusetts

THIS AGREEMENT is made as of the 15th day of November, 2007, by and between Morgan Stanley Global Long/Short Fund P (the “Fund”), a Delaware statutory trust with its principal place of business at One Tower Bridge, 100 Front Street, Suite 1100, West Conshohocken, Pennsylvania, U.S.A., and State Street Bank and Trust Company, a Massachusetts trust company with its principal place of business at One Lincoln Street, Boston, Massachusetts, U.S.A. (“State Street”).

MORGAN STANLEY DISTRIBUTION INC. SELECTED DEALER AGREEMENT
Selected Dealer Agreement • December 19th, 2007 • Morgan Stanley Global Long/Short Fund P • New York

Morgan Stanley Distribution Inc. (“Distributor”) serves as a principal underwriter for the Morgan Stanley Global Long/Short Fund P (the “Fund”), a closed-end registered investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), pursuant to a distribution agreement with the Fund. Distributor and [ ] Morgan Stanley & Co. Incorporated (“Dealer”) hereby agree that Dealer will participate in the distribution of shares of the Fund (“Shares”), subject to the terms of this Agreement (“Agreement”), dated as of the day of , 20 .

TRANSFER AGENCY AND SERVICE AGREEMENT BETWEEN EACH OF THE ENTITIES LISTED ON SCHEDULE A HERETO AND BOSTON FINANCIAL DATA SERVICES, INC.
Transfer Agency and Service Agreement • December 19th, 2007 • Morgan Stanley Global Long/Short Fund P • Massachusetts

AGREEMENT made as of the 30th day of December, 2005, by and between each of the entities listed on Schedule A hereto and each being an entity of the type set forth on Schedule A and organized under the laws of the state of Delaware, each with a principal place of business at 100 Front Street, West Conshohocken, PA 19428-2881 and each of which is acting on its own behalf (each a “Fund” and collectively, the “Funds”), and BOSTON FINANCIAL DATA SERVICES, INC., a Massachusetts corporation having its principal office and place of business at 2 Heritage Drive, North Quincy, Massachusetts 02171 (the “Transfer Agent”).

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