FORM OF INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • July 18th, 2012 • Arbitrage Funds • New York
THIS INVESTMENT ADVISORY AGREEMENT (this “Agreement”) is made as of this day of , 2012 by and between THE ARBITRAGE FUNDS, a Delaware business trust (the “Trust”) and WATER ISLAND CAPITAL, LLC, a Delaware limited liability company (the “Adviser”), with respect to the following recital of facts.
FORM OF EXPENSE WAIVER AND REIMBURSEMENT AGREEMENTExpense Waiver and Reimbursement Agreement • July 18th, 2012 • Arbitrage Funds
THIS EXPENSE WAIVER AND REIMBURSEMENT AGREEMENT (this “Agreement”) is made as of this day of , 2012, between The Arbitrage Funds, a Delaware trust (the “Trust”), and Water Island Capital, LLC, a Delaware limited liability company (hereinafter referred to as the “Adviser”).
