0001193125-14-199221 Sample Contracts

April 7, 2014 Morgan Stanley Smith Barney LLC
Emerging Cta Portfolio Lp • May 14th, 2014 • Commodity contracts brokers & dealers
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AMENDMENT NO. 1 TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • May 14th, 2014 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers

This AMENDMENT NO. 1 dated as of the 1st day of December, 2013 to the AMENDED AND RESTATED MANAGEMENT AGREEMENT made as of the 1st day of November, 2010 (the “Management Agreement”), among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), EMERGING CTA PORTFOLIO L.P., a New York limited partnership (the “Partnership”) and BLACKWATER CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Advisor”) (all parties together, the “Parties”). Capitalized terms not defined herein have the meaning ascribed to such terms in the Management Agreement.

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