0001193125-19-162689 Sample Contracts

Blackstone Alternative Multi-Strategy Fund THIRD AMENDED & RESTATED INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • May 31st, 2019 • Blackstone Alternative Investment Funds • New York

AGREEMENT (this “Agreement”) effective as of August 16, 2018, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and D. E. Shaw Investment Management, L.L.C., a Delaware limited liability company (the “Sub-Adviser”).

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Blackstone Alternative Multi-Strategy Fund INVESTMENT SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • May 31st, 2019 • Blackstone Alternative Investment Funds • New York

AGREEMENT, effective as of January 17, 2019, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and Blackstone Real Estate Special Situations Advisors L.L.C., a Delaware limited liability company (the “Sub-Adviser”).

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT BLACKSTONE ALTERNATIVE INVESTMENT ADVISORS LLC
Limitation and Reimbursement Agreement • May 31st, 2019 • Blackstone Alternative Investment Funds

Blackstone Alternative Investment Funds (the “Trust”), on behalf of its series Blackstone Alternative Multi-Strategy Fund (the “Fund”) 345 Park Avenue, 28th Floor

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