0000914121-11-000430 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 6th, 2011 • Morgan Stanley Smith Barney Spectrum Strategic Lp • Real estate investment trusts • New York

This MANAGEMENT AGREEMENT made as of the 1st day of December, 2011, is by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), MORGAN STANLEY SMITH BARNEY SPECTRUM STRATEGIC L.P., a Delaware limited partnership (the “Partnership”) and PGR Capital LLP, a United Kingdom limited liability partnership (the “Advisor,” together with CMF and the Partnership, the “Parties”).

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MANAGEMENT AGREEMENT
Management Agreement • December 6th, 2011 • Morgan Stanley Smith Barney Spectrum Strategic Lp • Real estate investment trusts • New York

AGREEMENT made as of the 1st day of December, 2011, among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), MORGAN STANLEY SMITH BARNEY SPECTRUM STRATEGIC L.P., a Delaware limited partnership (the “Partnership”) and AVENTIS ASSET MANAGEMENT, LLC, a California limited liability company (the “Advisor”).

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