0001193125-08-012439 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • January 25th, 2008 • Excelsior Private Equity Fund Ii Inc • New York

MANAGEMENT AGREEMENT, dated as of July 1, 2007, by and between Excelsior Private Equity Fund II, Inc., a Maryland corporation (the “Company”), and UST Advisers, Inc., a Delaware corporation and registered investment adviser (“USTA” or the “Managing Investment Adviser”).

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