0000910472-14-006018 Sample Contracts

Expense Limitation and Reimbursement Agreement
Expense Limitation and Reimbursement Agreement • December 31st, 2014 • BlueArc Multi-Strategy Fund

You have engaged BlueArc Capital Management, LLC and Blue Creek Investment Partners, LLC (to be renamed Keel Point, LLC effective January 2, 2015) to act as the investment co-advisers to the BlueArc Multi-Strategy Fund (the "Trust" or the "Fund"), pursuant to a management agreement.

MANAGEMENT AGREEMENT
Management Agreement • December 31st, 2014 • BlueArc Multi-Strategy Fund • Delaware

The Trust has been organized to engage in the business of a closed-end management investment company under the laws of the State of Delaware. The Trust offers one series of shares to investors currently referred to as the BlueArc Multi-Strategy Fund (the "Fund").