0001193125-08-146479 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 3rd, 2008 • Alternative Investment Partners Absolute Return Fund II A • New York

AGREEMENT made as of this 1st day of July, 2008 by and between Alternative Investment Partners Absolute Return Fund II A, a Delaware statutory trust (the “Fund”), and Morgan Stanley AIP GP LP, a Delaware limited partnership (the “Adviser”).

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EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • July 3rd, 2008 • Alternative Investment Partners Absolute Return Fund II A

EXPENSE REIMBURSEMENT AGREEMENT (the “Agreement”), dated as of July 1, 2008 by and between Morgan Stanley AIP GP LP, a Delaware limited partnership (the “Adviser”) and Alternative Investment Partners Absolute Return Fund II A, a Delaware statutory trust (the “Fund”).

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