0001504947-11-000032 Sample Contracts

FSI LOW BETA ABSOLUTE RETURN FUND, TEI BY-LAWS

By-Laws • August 11th, 2011 • FSI Low Beta Absolute Return Fund, TEI

• Contract Type
  By-Laws
• Filed
  August 11th, 2011
• Company
  FSI Low Beta Absolute Return Fund, TEI

These By-Laws (the “By-Laws”) of FSI Low Beta Absolute Return Fund, TEI (the “Trust”), a Delaware statutory trust, are subject to the Trust’s Agreement and Declaration of Trust, dated August 1, 2011, as from time to time amended, supplemented or restated (the “Trust Instrument”). Capitalized terms used herein which are defined in the Trust Instrument are used as therein defined.

FSI LOW BETA ABSOLUTE RETURN FUND, TEI (a Delaware statutory trust) AGREEMENT AND DECLARATION OF TRUST

Trust Agreement • August 11th, 2011 • FSI Low Beta Absolute Return Fund, TEI

• Contract Type
  Trust Agreement
• Filed
  August 11th, 2011
• Company
  FSI Low Beta Absolute Return Fund, TEI

THIS AGREEMENT AND DECLARATION OF TRUST (“Declaration of Trust”), dated August 1, 2011, is made on by and on behalf by the FSI Low Beta Absolute Return Fund, TEI, a Delaware statutory trust (the “Trust”), by the undersigned Trustee.