Common use of Commodity Broker Clause in Contracts

Commodity Broker. All Commodities traded for the account of KMPFF shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF or for negotiating floor brokerage commission rates or other compensation to be charged therefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFF’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of KMPFF, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, KMPFF will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers brokers, or counterparty or counterparties counterparties, as KMPFF Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker brokers or counterparty counterparties for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged thereforetherefor. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time time, it is contemplated that KMPFF Series J will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF Series J will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), ) and upon such terms and conditions, conditions as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, counterparty and will not retain the services of such firm(s) firm over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF Series J will execute and clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates)LLC. The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliatesLLC, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF Series J will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF Series J will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF directs or otherwise are agreed upon between the Advisor and Series J and in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF Series J will execute and clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates)LLC. The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliatesLLC, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF Series J will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates)LLC. The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliatesLLC, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of KMPFF Series J shall be made through such commodity broker or brokers or counterparty or counterparties as KMPFF Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and KMPFF. Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor broker or counterparty for execution of Commodities trades of KMPFF Series J or for negotiating floor brokerage commission rates or other compensation to be charged thereforetherefor. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by KMPFFSeries J’s Trading Policies and Limitations. At the present time it is contemplated that KMPFF Series J will execute and clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates)LLC. The Advisor may, however, with the consent of KMPFFSeries J, such consent not to be unreasonably withheld, execute transactions at such other firm(s), and upon such terms and conditions, as the Advisor and KMPFF Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that KMPFF Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliatesLLC, KMPFF Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty, and will not retain the services of such firm(s) over the reasonable objection of the Advisor.