JOINT FIDELITY BOND AGREEMENT

This Agreement is made effective as of this 22^nd day of April, 2016 by and between Altegris KKR Commitments Master Fund and Altegris KKR Commitments Fund (the “Funds”).

W I T N E S S E T H:

WHEREAS, The Funds are management investment companies registered under the Investment Company Act of 1940 (“1940 Act”); and

WHEREAS, each Fund must purchase a bond as required by the 1940 Act and Rule 17g-1 promulgated thereunder under which each Fund is a named insured; and

WHEREAS, Rule 17g-1 requires that the named insureds under such a bond enter into an agreement with respect to certain matters;

NOW THEREFORE, in consideration of the premises and the terms and provisions hereinafter set forth, the parties hereto agree as follows:

1. Description of Bond. National Union Fire Insurance Company, of the American International Group (AIG), a reputable fidelity insurance company authorized to do business in New York, has issued a joint fidelity bond in the amount of $1,000,000 (which may be increased from time to time) which designates each of the Funds as named insureds (“Bond”).

2. Minimum Recovery. In the event recovery is received under the Bond as a result of loss sustained by the Funds, each Fund shall receive an equitable and proportionate share of the recovery which shall be at least equal to the amount which each Fund would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).

3. Term. The term of this Agreement shall commence on the date hereof and shall terminate upon the termination or cancellation of the Bond.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date first written above.

Altegris KKR Commitments Master Fund By: /s/ Ken McGuire
Name: Ken McGuire
Title: Treasurer, Principal Accounting Officer Altegris KKR Commitments Fund By: /s/ Ken McGuire
Name: Ken McGuire
Title: Treasurer, Principal Accounting Officer  

Approval of Fidelity Bond

RESOLVED, that the appropriate officers of each of the Funds be, and each hereby is, authorized and directed to take and/or ratify all necessary action for the Funds to purchase fidelity bond coverage (“Fidelity Bond”); and be it

FURTHER RESOLVED, that it is the finding of the Boards of the Funds that the Fidelity Bond covering, among others, officers and employees of the Funds in accordance with the requirements of Rule 17g-l under the 1940 Act, is reasonable in form and amount, after having given due consideration to, among other things, the value of the aggregate assets of the Funds to which any person covered under the Fidelity Bond may have access, the type and terms of the arrangements made for the custody and safekeeping of each Fund’s assets and the nature of the securities in each Fund’s portfolio; and be it

FURTHER RESOLVED, that the Fidelity Bond be, and hereby is, approved by a vote of each of the Boards (all Trustees voting) and separately by a majority of the Independent Trustees; and be it

FURTHER RESOLVED, that the secretary of each Fund shall file, or arrange for the filing of, the Fidelity Bond with the Securities and Exchange Commission and give, or arrange for the giving of, the notices required under paragraph (g) of Rule 17g-1 under the 1940 Act; and be it

FURTHER RESOLVED, that the Trustees and the appropriate officers of the Funds, or any of them, are authorized to make any and all payments and to do any and all other acts, in the name of the Funds and on their behalf, as they, or any of them, may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions.