Multi-Strategy Hedge Opportunities LLC Sample Contracts

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ARTICLE I
Investment Advisory Agreement • September 30th, 2004 • Multi-Strategy Hedge Opportunities LLC • New York
WITNESSETH:
Distribution Agreement • September 30th, 2004 • Multi-Strategy Hedge Opportunities LLC • New York
WITNESSETH:
Member Services Agreement • June 19th, 2007 • BlackRock Multi-Strategy Hedge Opportunities LLC • New York
REVOLVING CREDIT AGREEMENT Dated as of December 22, 2006 BLACKROCK MULTI- STRATEGY HEDGE ADVANTAGE and BLACKROCK MULTI-STRATEGY HEDGE OPPORTUNITIES LLC As Borrowers CITIBANK, N.A., Lender
Revolving Credit Agreement • December 26th, 2007 • BlackRock Multi-Strategy Hedge Opportunities LLC • New York

CREDIT AGREEMENT, dated as of December 22, 2006, among BLACKROCK MULTI-STRATEGY HEDGE ADVANTAGE, a Delaware statutory trust (the “Trust”), and BLACKROCK MULTI-STRATEGY HEDGE OPPORTUNITIES LLC, a Delaware limited liability company (“LLC”), (individually, a “Borrower” and collectively, the “Borrowers”), and CITIBANK, N.A. (“Citibank” or the “Lender”).

FORM OF LOAN AUTHORIZATION AGREEMENT
BlackRock Multi-Strategy Hedge Opportunities LLC • December 20th, 2006 • Illinois

MULTI -STRATEGY HEDGE OPPORTUNITIES LLC, a Delaware limited liability company (“Borrower”) has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a loan account (“Loan Account”) from which the Borrower may from time to time request loans in the aggregate amount of credit shown below (the “Maximum Credit”). This Agreement, and the Loan Account established hereunder, represents an uncommitted credit facility, and each Loan (as hereinafter defined) is made available to the Borrower subject to the Bank’s approval on a loan-by-loan basis as and when such Loan is requested by the Borrower. Interest on such loans shall be computed at a variable rate which may change daily as set in Section 2 herein. The Borrower may make principal payments at any time and in any amount, upon prior written or telephonic notice prior to 3:00 p.m. Chicago time to the Bank. The request by the Borrower for, and the making by the Bank of, any loan against

AMENDMENT NO. 1
BlackRock Multi-Strategy Hedge Opportunities LLC • December 26th, 2007

AMENDMENT NO. 1 dated as of December 21, 2007 between Blackrock Multi-Strategy Hedge Advantage and Blackrock Multi-Strategy Hedge Opportunities LLC (the “Borrowers”) and Citibank, N.A. (the “Lender”).

FORM OF LOAN AUTHORIZATION AGREEMENT
Loan Authorization Agreement • September 21st, 2005 • Multi-Strategy Hedge Opportunities LLC • Illinois

MULTI -STRATEGY HEDGE OPPORTUNITIES LLC, a Delaware limited liability company (“Borrower”) has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a loan account (“Loan Account”) from which the Borrower may from time to time request loans in the aggregate amount of credit shown below (the “Maximum Credit”). This Agreement, and the Loan Account established hereunder, represents an uncommitted credit facility, and each Loan (as hereinafter defined) is made available to the Borrower subject to the Bank’s approval on a loan-by-loan basis as and when such Loan is requested by the Borrower. Interest on such loans shall be computed at a variable rate which may change daily as set in Section 2 herein. The Borrower may make principal payments at any time and in any amount, upon prior written or telephonic notice prior to 3:00 p.m. Chicago time to the Bank. The request by the Borrower for, and the making by the Bank of, any loan against

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