0001193125-20-155957 Sample Contracts

Blackstone Alternative Multi-Strategy Fund FIRST AMENDED & RESTATED INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • May 29th, 2020 • Blackstone Alternative Investment Funds • New York

AGREEMENT effective as of October 1, 2019, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and Good Hill Partners LP, a Delaware limited partnership (the “Sub-Adviser”).

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EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT BLACKSTONE ALTERNATIVE INVESTMENT ADVISORS LLC
Expense Limitation and Reimbursement Agreement • May 29th, 2020 • Blackstone Alternative Investment Funds

Blackstone Alternative Investment Funds (the “Trust”), on behalf of its series Blackstone Alternative Multi-Strategy Fund (the “Fund”)

Blackstone Alternative Multi-Strategy Fund AMENDMENT NO. 3 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • May 29th, 2020 • Blackstone Alternative Investment Funds

THIS AMENDMENT NO. 3 (this “Third Amendment”) to the Investment Sub-Advisory Agreement between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”) and Emso Asset Management Limited (formerly Emso Partners Limited), a company organized under the laws of England and Wales (the “Sub-Adviser”) is made as of the 1st day of March, 2020.

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