CAYMAN INVESTMENT ADVISORY AGREEMENTCayman Investment Advisory Agreement • September 27th, 2011 • Underlying Funds Trust • New York
THIS AGREEMENT is made and entered into as of this 23rd day of August, 2011 by and between Hatteras Alternative Mutual Funds, LLC, a Delaware limited liability company (the “Adviser”) and Hatteras Trading Advisors, an exempted company incorporated in the Cayman Islands (“HTA”).
