JOINT INSURED AGREEMENT
WHEREAS, Sage Multi-Strategy Fund, L.L.C. ("Sage") 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, Robeco-Sage Triton Fund, L.L.C. ("Triton") is a
non-diversified, closed-end management investment company registered as such
under the 1940 Act; and
WHEREAS, Sage and Triton 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 Sage and Triton; and
WHEREAS, the Board of Managers of Sage and Triton, including a
majority of those Managers who are not "interested persons" (as that term is
defined by the 0000 Xxx) of Sage or Triton, respectively, have made the
determinations required by Rule 17g-1, including those provisions specifically
applicable to a joint insured bond;
NOW, THEREFORE, Sage and Triton hereby agree as follows:
1. Sage and Triton 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 12, 2005 SAGE MULTI-STRATEGY FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
Title: Manager
ROBECO-SAGE TRITON FUND, L.L.C.
By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Manager
