0000950123-10-030614 Sample Contracts

Re: Management Agreement Renewal
Emerging Cta Portfolio Lp • March 31st, 2010 • Commodity contracts brokers & dealers

We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2010 and all other provisions of the Management Agreement will remain unchanged.

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Re: Management Agreement Renewals
Emerging Cta Portfolio Lp • March 31st, 2010 • Commodity contracts brokers & dealers

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2010 and all other provisions of the Management Agreements will remain unchanged.

MANAGEMENT AGREEMENT
Management Agreement • March 31st, 2010 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers • New York

AGREEMENT made as of the 26th day of March, 2010 among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF” or the “General Partner”), EMERGING CTA PORTFOLIO L.P., a New York limited partnership (the “Partnership”) and J E MOODY & COMPANY LLC, a Delaware limited liability company (the “Advisor”).

Re: Management Agreement Renewals
Emerging Cta Portfolio Lp • March 31st, 2010 • Commodity contracts brokers & dealers

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2010 and all other provisions of the Management Agreements will remain unchanged.

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