0001341004-15-000519 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • June 30th, 2015 • Cushing MLP Infrastructure Master Fund • Minnesota

THIS AGREEMENT is effective as of the 1st day of July, 2015 , by and among Cushing MLP Infrastructure Fund I, a Delaware statutory trust (the “Feeder Fund ”), Cushing MLP Infrastructure Fund II, a Delaware statutory trust (the “Feeder Fund”), Cushing MLP Infrastructure Master Fund (the “Master Fund”), a Delaware statutory trust (the “Master Fund”), and U.S. Bank National Association, a national banking association existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”). The Feeder Fund and the Master Fund are sometimes referred to herein individually as a “Fund”, and collectively as the “Funds”. The Cushing MLP Infrastructure Fund II is effective on or after September 1, 2015.

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INVESTMENT MANAGEMENT AGREEMENT ENTERED INTO BETWEEN CUSHING MLP INFRASTRUCTURE MASTER FUND AND CUSHING ASSET MANAGEMENT, LP
Investment Management Agreement • June 30th, 2015 • Cushing MLP Infrastructure Master Fund • New York

This Investment Management Agreement (the “Agreement”) is entered into as of June 24, 2015 by and between Cushing MLP Infrastructure Master Fund (the “Fund”), a statutory trust duly organized and existing under the laws of the State of Delaware, and Cushing Asset Management, LP, a limited partnership duly organized and existing under the laws of the State of Texas (the “Investment Adviser”).

The Cushing MLP Infrastructure Master Fund Agreement and Declaration of Trust Dated as of May 4, 2015
Agreement and Declaration of Trust • June 30th, 2015 • Cushing MLP Infrastructure Master Fund • Delaware
TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • June 30th, 2015 • Cushing MLP Infrastructure Master Fund • Wisconsin

THIS AGREEMENT is effective as of the 1st day of July, 2015, by and among Cushing MLP Infrastructure Fund I, a Delaware statutory trust (the “Feeder Fund”), Cushing MLP Infrastructure Fund II, a Delaware statutory trust (the “Feeder Fund”), Cushing MLP Infrastructure Master Fund (the “Master Fund”), a Delaware statutory trust (the “Master Fund”), and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”). The Feeder Fund and the Master Fund are sometimes referred to herein individually as a “Fund”, and collectively as the “Funds”. The Cushing MLP Infrastructure Fund II is effective on or after September 1, 2015.

SERVICING AGREEMENT
Servicing Agreement • June 30th, 2015 • Cushing MLP Infrastructure Master Fund • Wisconsin

THIS AGREEMENT is effective as of the 1st day of July, 2015, by and among Cushing MLP Infrastructure Fund I, a Delaware statutory trust (the “Feeder Fund ”), Cushing MLP Infrastructure Fund II, a Delaware statutory trust (the “Feeder Fund”), Cushing MLP Infrastructure Master Fund (the “Master Fund”), a Delaware statutory trust (the “Master Fund”), and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”). The Feeder Fund and the Master Fund are sometimes referred to herein individually as a “Fund”, and collectively as the “Funds”. The Cushing MLP Infrastructure Fund II is effective on or after September 1, 2015.

The Cushing MLP Infrastructure Master Fund
Letter Agreement • June 30th, 2015 • Cushing MLP Infrastructure Master Fund
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