0001193125-14-168175 Sample Contracts

Re: Waiver of Portion of Management Fees in Connection with Investments in Goldman Sachs Cayman Commodity–MMA Fund 1 Ltd.
Fee Waiver Letter • April 30th, 2014 • Goldman Sachs Trust II

Reference is made to the Management Agreement by and among Goldman Sachs Asset Management, L.P. (“GSAM”), Goldman Sachs Asset Management International and Goldman Sachs Trust II, a statutory trust organized under the laws of Delaware (the “Trust”), dated April 16, 2013 (as further amended, restated or otherwise modified from time to time, the “Management Agreement”).

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