0001213900-26-023498 Sample Contracts

MASTER SERVICES AGREEMENT
Master Services Agreement • March 4th, 2026 • Buttonwood First Access Fund Ltd. • Ohio

This Master Services Agreement (this “Agreement”), dated [•], 2026, is between Buttonwood First Access Fund Ltd. (the “Fund”), a Maryland corporation, and Ultimus Fund Solutions, LLC (“Ultimus”), a limited liability company organized under the laws of the state of Ohio.

FORM OF INDEMNIFICATION AGREEMENT
Indemnification Agreement • March 4th, 2026 • Buttonwood First Access Fund Ltd. • Maryland

THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is effective as of the [•] day of [•], 2026, by and between Buttonwood First Access Fund Ltd., a Maryland corporation (the “Company”), and the undersigned (“Indemnitee”).

LICENSE AGREEMENT
License Agreement • March 4th, 2026 • Buttonwood First Access Fund Ltd. • New York

This LICENSE AGREEMENT (this “Agreement”) is made and effective as of [•], 2026 (the “Effective Date”) by and between Buttonwood Group Advisors LLC, a Delaware limited liability company (the “Licensor”) and Buttonwood First Access Fund Ltd., a Maryland corporation (the “Licensee”) (the Licensor and Licensee, each a “party,” and collectively, the “parties”).

INVESTMENT ADVISORY AGREEMENT BETWEEN BUTTONWOOD FIRST ACCESS FUND LTD. AND BUTTONWOOD GROUP ADVISORS LLC
Investment Advisory Agreement • March 4th, 2026 • Buttonwood First Access Fund Ltd. • New York

This Investment Advisory Agreement, dated as of [●], 2026 (this “Agreement”), is made between Buttonwood First Access Fund Ltd., a Maryland corporation (the “Fund”), and Buttonwood Group Advisors LLC, a Delaware limited liability company (the “Adviser”).

CUSTODY AGREEMENT
Custody Agreement • March 4th, 2026 • Buttonwood First Access Fund Ltd. • Minnesota

THIS AGREEMENT is made and entered into as of the last date on the signature page, by and between BUTTONWOOD FIRST ACCESS FUND LTD., a Maryland corporation (the “Fund”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).