0001193125-15-206890 Sample Contracts

Blackstone Alternative Multi-Manager Fund INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • May 29th, 2015 • Blackstone Alternative Investment Funds • New York

INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), effective as of April 8, 2015, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and Blackstone Senfina Advisors L.L.C., a Delaware limited liability company (the “Sub-Adviser”).

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Blackstone Alternative Multi-Manager Fund INVESTMENT SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • May 29th, 2015 • Blackstone Alternative Investment Funds • New York

AGREEMENT, effective as of March 2, 2015, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and Bayview Asset Management, LLC, a Delaware limited liability company (the “Sub-Adviser”).

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