JOINT INSURED AGREEMENT
WHEREAS, each of Robeco-Sage Multi-Strategy Fund, L.L.C, Robeco-Sage
Multi-Strategy Master Fund, L.L.C., Robeco-Sage Multi-Strategy Institutional
Fund, L.L.C., Robeco-Sage Triton Fund, L.L.C., Robeco-Sage Triton Master Fund,
L.L.C. and Robeco-Sage Triton Institutional Fund, L.L.C. (each, a "Fund" and
collectively, the "Funds") is a non-diversified, closed-end management
investment company registered as such under the Investment Company Act of 1940,
as amended (the "1940 Act"); and
WHEREAS, the Funds are required to provide and maintain a fidelity
bond pursuant to Rule 17g-1 under the 1940 Act; and
WHEREAS, paragraph (b) of Rule 17g-1 provides that the fidelity bond
may be in the form of a joint insured bond covering the Funds; and
WHEREAS, the Boards of Managers of the Funds, including a majority of
those Managers who are not "interested persons" (as that term is defined by the
0000 Xxx) of the Funds, respectively, have made the determinations required by
Rule 17g-1, including those provisions specifically applicable to a joint
insured bond;
NOW, THEREFORE, the Funds hereby agree as follows:
1. The Funds will each pay a portion of the premiums for the joint
insured fidelity bond which is allocated to each party pro rata according to the
percentage the party's net assets bears to the aggregate net assets of all the
insured parties.
2. In the event recovery is received under the joint insured bond as
a result of a loss sustained by more than one of the insured parties, each party
shall receive an equitable and proportionate share of the recovery, but such
recovery shall be in an amount at least equal to the amount which such party
would have received had it provided and maintained a single insured bond with
the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940
Act.
This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument.
Dated: September 8, 2008 ROBECO-SAGE MULTI-STRATEGY FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE MULTI-STRATEGY MASTER FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE MULTI-STRATEGY INSTITUTIONAL
FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE TRITON FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE TRITON MASTER FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE TRITON INSTITUTIONAL FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Manager
