0001398344-16-013753 Sample Contracts

INITIAL SUBSCRIPTION AGREEMENT
Subscription Agreement • May 26th, 2016 • Partners Group Private Equity (Institutional), LLC

Set forth below are the definitions of “United States” and “U.S. person” contained in Regulation S promulgated under the Securities Act. “United States” or “U.S.” means the United States of America, its territories and possessions, any state of the United States, and the District of Columbia.

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EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Expense Limitation and Reimbursement Agreement • May 26th, 2016 • Partners Group Private Equity (Institutional), LLC • Delaware

AGREEMENT made as of the 26th day of February, 2010 by and among Partners Group Private Equity (Institutional), LLC, a Delaware limited liability company (the “Fund”) and Partners Group (USA) Inc., a Delaware corporation (“Partners Group”):

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