0001193125-14-224206 Sample Contracts

Blackstone Alternative Multi-Strategy Fund FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • June 3rd, 2014 • Blackstone Alternative Investment Funds • New York

AGREEMENT, effective as of , 2014, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and Two Sigma Advisers, LLC, a Delaware limited liability company (the “Sub-Adviser”).

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FORM OF DISTRIBUTION AGREEMENT between BLACKSTONE ALTERNATIVE INVESTMENT FUNDS and BLACKSTONE ADVISORY PARTNERS L.P.
Distribution Agreement • June 3rd, 2014 • Blackstone Alternative Investment Funds • New York

Blackstone Alternative Investment Funds, a Massachusetts business trust (the “Trust”), is registered as an open-end, management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and has registered shares of beneficial interest thereof listed on Appendix A (“Shares”), as it may be amended from time to time by agreement between Blackstone Advisory Partners L.P. (the “Distributor”) and the Trust (each such series thereof, as appropriate, a “Fund”) under the Securities Act of 1933, as amended (the “1933 Act”), to be offered for sale to the public in accordance with the terms and conditions set forth in one or more Prospectuses of a Fund, as applicable (each, a “Prospectus” and collectively, the “Prospectuses”) and in one or more Statements of Additional Information (each, an “SAI” and collectively, the “SAIs”) included in the Trust’s Registration Statement(s) filed with the Securities and Exchange Commission on Form N-1A, as it may be amended from ti

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT BLACKSTONE ALTERNATIVE INVESTMENT ADVISORS LLC
Expense Limitation and Reimbursement Agreement • June 3rd, 2014 • Blackstone Alternative Investment Funds

Blackstone Alternative Investment Funds (the “Trust”), on behalf of its series Blackstone Alternative Multi-Strategy Fund (the “Fund”)

FORM OF SECURITIES LENDING AUTHORIZATION AGREEMENT Between BLACKSTONE ALTERNATIVE INVESTMENT FUNDS, on behalf of its series, Blackstone Alternative Multi-Strategy Fund, and on behalf of Blackstone Alternative Multi-Strategy Sub Fund III, L.L.C. and on...
Blackstone Alternative Investment Funds • June 3rd, 2014 • Massachusetts

Agreement dated the day of May, 2014 between BLACKSTONE ALTERNATIVE INVESTMENT FUNDS (the “Trust”), on behalf of its series, BLACKSTONE ALTERNATIVE MULTI-STRATEGY FUND (the “Series”), and on behalf of BLACKSTONE ALTERNATIVE MULTI-STRATEGY SUB FUND III L.L.C., a wholly-owned subsidiary of the Series (“Sub Fund III”), and on behalf of BLACKSTONE ALTERNATIVE MULTI-STRATEGY SUB FUND IV L.L.C., a wholly-owned subsidiary of the Series (“Sub Fund IV”, and collectively with the Series and Sub Fund III, each a “BAMSF Entity” and collectively, the “BAMSF Entities” and the Trust acting on behalf of each BAMSF Entity, each a “Fund” and collectively, the “Funds”), and STATE STREET BANK AND TRUST COMPANY acting either directly or through any State Street Affiliates (defined below) (collectively, “State Street”), setting forth the terms and conditions under which State Street is authorized to act on behalf of each Fund with respect to the lending of certain securities of such Fund held by State Stree

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