EXHIBIT (p)
DB HEDGE STRATEGIES FUND LLC
FORM OF PURCHASE AGREEMENT
Purchase Agreement dated June 27, 2002 between DB Hedge Strategies Fund
LLC, a limited liability company organized under the laws of the State of
Delaware (the "Fund") and Deutsche Asset Management, Inc. ("XxXX"), a
corporation organized under the laws of the State of Delaware;
WHEREAS, the Fund is a closed-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act");
WHEREAS, the Fund proposes to issue and sell units of limited liability
company interest in the Fund ("Units") to the public pursuant to a Registration
Statement on Form N-2 filed with the Securities and Exchange Commission; and
WHEREAS, Section 14(a) of the 1940 Act requires each registered investment
company to have a net worth of at least $100,000 before making a public offering
of its Units;
NOW, THEREFORE, the Fund and XxXX agree as follows:
1. The Fund offers to sell to XxXX, and XxXX agrees to purchase from
the Fund, Units of the Fund for an aggregate price of $1,200,000 on
June 27, 2002.
2. XxXX represents and warrants to the Fund that XxXX is acquiring the
Units for investment purposes only and not with a view toward resale
or further distribution.
3. XxXX'x right under this Purchase Agreement to purchase the Units is
not assignable.
IN WITNESS WHEREOF, the Fund and XxXX have caused their duly authorized
officers to execute this Purchase Agreement as of the date first above written.
DB HEDGE STRATEGIES FUND LLC DEUTSCHE ASSET MANAGEMENT, INC.
By: ____________________________ By: __________________________________
Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxxxx
Vice President Managing Director
