0001193125-15-386844 Sample Contracts

Blackstone Alternative Multi-Manager Fund INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • November 24th, 2015 • Blackstone Alternative Investment Funds • New York

AGREEMENT, effective as of September 1, 2015, between Blackstone Alternative Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), and IPM Informed Portfolio Management AB, a Swedish Aktiebolag (the “Sub-Adviser”).

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SECURITIES LENDING AND SERVICES AGREEMENT BETWEEN EACH ENTITY LISTED ON SCHEDULE A HERETO AND STATE STREET BANK AND TRUST COMPANY
Lending and Services Agreement • November 24th, 2015 • Blackstone Alternative Investment Funds • Massachusetts

This Agreement shall be deemed for all purposes to constitute a separate and discrete agreement between State Street and each Borrower as it may be amended by the Parties, and no Borrower or series of shares of Blackstone Alternative Investment Funds (the “Trust”) shall be responsible or liable for any of the obligations of any other Borrower or series of the Trust under this Agreement or otherwise, notwithstanding anything to the contrary contained herein.

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