0001193125-18-004585 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • January 5th, 2018 • Ceres Tactical Systematic L.P. • Real estate investment trusts • New York
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AMENDMENT NO. 1 TO THE MANAGEMENT AGREEMENT
Management Agreement • January 5th, 2018 • Ceres Tactical Systematic L.P. • Real estate investment trusts • New York

THIS AMENDMENT NO. 1 (this “Amendment”) dated as of January 1, 2018 (the “Effective Date”) to the Management Agreement dated as of December 1, 2015, by and among CERES TACTICAL SYSTEMATIC L.P., (formerly known as Tactical Diversified Futures Fund L.P.), a New York limited partnership (the “Partnership”), CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), and THE CAMBRIDGE STRATEGY (ASSET MANAGEMENT) LIMITED, a limited liability company incorporated in England and Wales (the “Advisor”) (as so amended, the “Management Agreement”).

MANAGEMENT AGREEMENT
Management Agreement • January 5th, 2018 • Ceres Tactical Systematic L.P. • Real estate investment trusts • New York

AGREEMENT (this “Agreement”) made as of the 1st day of January 2018, by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), CERES TACTICAL SYSTEMATIC L.P., a New York limited partnership (the “Partnership”) and SECOR CAPITAL ADVISORS, LP, a Delaware limited partnership (the “Advisor” or “SECOR”).

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