0001398344-22-017746 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • August 31st, 2022 • AFA Multi-Manager Credit Fund • Delaware

THIS AGREEMENT is made and entered into as of this 11th day of March, 2021, by and among each of the Funds listed on Exhibit A attached hereto (each a Fund, and together, the “Funds”) and Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”).

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JOINT INSURED BOND AGREEMENT
Joint Insured Bond Agreement • August 31st, 2022 • AFA Multi-Manager Credit Fund • Delaware

AGREEMENT dated as of this 21st day of June, 2022, by and between Infinity Core Alternative Fund, First Trust Alternative Opportunities Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Variant Impact Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Asset Fund, Aspiriant Risk-Managed Capital Appreciation Fund, AFA Multi-Manager Credit Fund, The Optima Dynamic Alternatives Fund, First Trust Real Assets Fund, First Trust Private Credit Fund, First Trust Private Assets Fund, Destiny Alternative Fund LLC, Destiny Alternative Fund (Tax Exempt) LLC and Pender Real Estate Credit Fund (each a “Fund” and together, the “Funds”).

JOINT LIABILITY INSURANCE AGREEMENT
Joint Liability Insurance Agreement • August 31st, 2022 • AFA Multi-Manager Credit Fund • Delaware

AGREEMENT dated the 21st day of June, 2022 between the Infinity Core Alternative Fund, First Trust Alternative Opportunities Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Variant Impact Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Asset Fund, Aspiriant Risk-Managed Capital Appreciation Fund, AFA Multi-Manager Credit Fund, The Optima Dynamic Alternatives Fund, First Trust Real Assets Fund, First Trust Private Credit Fund, First Trust Private Assets Fund, Destiny Alternative Fund LLC, Destiny Alternative Fund (Tax Exempt) LLC and Pender Real Estate Credit Fund (collectively, the “Funds” and individually, a “Fund”).

INVESTMENT SUB-ADVISORY AGREEMENT AMENDMENT 1
Investment Sub-Advisory Agreement • August 31st, 2022 • AFA Multi-Manager Credit Fund

This amendment (“Amendment”) to the Investment Sub-Advisory Agreement dated April 22, 2021 (“Agreement”) is entered into as of August ____, 2022 by and among Aon Investments USA Inc., AFA Multi-Manager Credit Fund and Alternative Fund Advisors, LLC. All capitalized terms used in this Amendment and not defined herein shall have the meanings set forth in the Agreement.

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Expense Limitation and Reimbursement Agreement • August 31st, 2022 • AFA Multi-Manager Credit Fund • Delaware

AGREEMENT made as of the 1st day of July, 2022 by and among AFA Multi-Manager Credit Fund, a Delaware statutory trust (the “Fund”) and Alternative Fund Advisors, LLC, a Delaware limited liability company (the “Investment Manager”).

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