Robeco-Sage Multi-Strategy Master Fund, L.L.C. Sample Contracts

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AGREEMENT BETWEEN
Agreement • December 30th, 2008 • Robeco-Sage Multi-Strategy Master Fund, L.L.C. • New York
JOINT INSURED AGREEMENT
Joint Insured Agreement • May 12th, 2011 • Robeco-Sage Multi-Strategy Master Fund, L.L.C.

WHEREAS, each of Robeco-Sage Multi-Strategy Fund, L.L.C, Robeco-Sage Multi-Strategy Master Fund, L.L.C., Robeco-Sage Multi-Strategy Institutional Fund, L.L.C., Robeco-Sage Triton Fund, L.L.C., Robeco-Sage Multi-Strategy TEI Master Fund, L.L.C., Robeco-Sage Multi-Strategy TEI Institutional Fund, L.L.C. and Robeco-Sage Multi-Strategy TEI Fund, L.L.C. (each, a "Fund" and collectively, the "Funds") is a non-diversified, closed-end management investment company registered as such under the Investment Company Act of 1940, as amended (the "1940 Act"); and

JOINT INSURED AGREEMENT
Joint Insured Agreement • July 18th, 2013 • Arden Sage Multi-Strategy Master Fund, L.L.C.

WHEREAS, each of Arden Sage Multi-Strategy Fund, L.L.C, Arden Sage Multi-Strategy Master Fund, L.L.C., Arden Sage Multi-Strategy Institutional Fund, L.L.C., Arden Sage Triton Fund, L.L.C. and Arden Sage Multi-Strategy TEI Institutional Fund, L.L.C. (together, the "Arden Sage Funds") is a non-diversified, closed-end management investment company registered as such under the Investment Company Act of 1940, as amended (the "1940 Act"); and

Exhibit D JOINT INSURED AGREEMENT
Joint Insured Agreement • June 6th, 2012 • Arden Sage Multi-Strategy Master Fund, L.L.C.

WHEREAS, each of Arden Sage Multi-Strategy Fund, L.L.C, Arden Sage Multi-Strategy Master Fund, L.L.C., Arden Sage Multi-Strategy Institutional Fund, L.L.C., Arden Sage Triton Fund, L.L.C. and Arden Sage Multi-Strategy TEI Institutional Fund, L.L.C. (each, a "Fund" and collectively, the "Funds") is a non-diversified, closed-end management investment company registered as such under the Investment Company Act of 1940, as amended (the "1940 Act"); and

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