ADVISORY AGREEMENT among HIGHGATE GLOBAL HORIZONS, LLC, BLACKROCK INVESTMENT MANAGEMENT, LLC and HIGGS CAPITAL MANAGEMENT LLP Dated as of October 28, 2012Advisory Agreement • November 9th, 2012 • BlackRock Global Horizons I L.P. • Commodity contracts brokers & dealers • New York
The Commodities Products held in the Account will be traded in accordance with the Trading Advisor’s Trading Program described herein. The Trading Advisor may trade exchange designated commodities futures and options contracts subject to the investment restrictions and guidelines set forth in Appendix E.
