Common use of Commodity Broker Clause in Contracts

Commodity Broker. All Commodities traded for the account of Series J shall be made through such commodity broker or brokers, or counterparty or counterparties, as Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor brokers or counterparties for execution of Commodities trades of Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefor. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by Series J’s Trading Policies and Limitations. At the present time, it is contemplated that Series J will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that Series J will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of Series J, such consent not to be unreasonably withheld, execute transactions at such other firm(s) and upon such terms and conditions as the Advisor and Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty and will not retain the services of such firm over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of Series J KMPFF shall be made through such commodity broker or brokers, brokers or counterparty or counterparties, counterparties as Series J KMPFF directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and Series J. KMPFF. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor brokers broker or counterparties counterparty for execution of Commodities trades of Series J KMPFF or for negotiating floor brokerage commission rates or other compensation to be charged therefortherefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by Series JKMPFF’s Trading Policies and Limitations. At the present time, time it is contemplated that Series J KMPFF will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that Series J KMPFF will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of Series JKMPFF, such consent not to be unreasonably withheld, execute transactions at such other firm(s) ), and upon such terms and conditions conditions, as the Advisor and Series J KMPFF agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that Series J KMPFF determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, Series J KMPFF will consult with the Advisor prior to directing it to utilize such broker or counterparty counterparty, and will not retain the services of such firm firm(s) over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of Series J the Trading Vehicle shall be made through such commodity broker or brokers, or counterparty or counterparties, as Series J the Trading Vehicle directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and Series J. the Trading Vehicle. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor brokers or counterparties for execution of Commodities trades of Series J the Trading Vehicle or for negotiating floor brokerage commission rates or other compensation to be charged therefor. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by Series J’s the Trading Vehicle's Trading Policies and Limitations. At the present time, it is contemplated that Series J the Trading Vehicle will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that Series J the Trading Vehicle will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “"give-in” " arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of Series Jthe Trading Vehicle, such consent not to be unreasonably withheld, execute transactions at such other firm(s) and upon such terms and conditions as the Advisor and Series J the Trading Vehicle agree if such firm(s) agree to “"give up” " all such transactions to UBS Securities LLC for clearance. To the extent that Series J the Trading Vehicle determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, Series J the Trading Vehicle will consult with the Advisor prior to directing it to utilize such broker or counterparty and will not retain the services of such firm over the reasonable objection of the Advisor.

Commodity Broker. All Commodities traded for the account of Series J shall be made through such commodity broker or brokers, brokers or counterparty or counterparties, counterparties as Series J directs or otherwise in accordance with such order execution procedures as are agreed upon between the Advisor and Series J. Except as set forth below, the Advisor shall not have any authority or responsibility in selecting or supervising any floor brokers broker or counterparties counterparty for execution of Commodities trades of Series J or for negotiating floor brokerage commission rates or other compensation to be charged therefortherefore. The Advisor shall not be responsible for determining that any such broker or counterparty used in connection with any Commodities transactions meets the financial requirements or standards imposed by Series J’s Trading Policies and Limitations. At the present time, time it is contemplated that Series J will clear all Commodities trades through UBS Securities LLC or its affiliates, and it is contemplated that Series J will execute (but not clear) all foreign currency forwards through its facility with Bank of America, N.A. (and the Advisor will have Bank of America, N.A. enter into appropriate “give-in” arrangements with UBS Securities LLC or its affiliates). The Advisor may, however, with the consent of Series J, such consent not to be unreasonably withheld, execute transactions at such other firm(s) ), and upon such terms and conditions conditions, as the Advisor and Series J agree if such firm(s) agree to “give up” all such transactions to UBS Securities LLC for clearance. To the extent that Series J determines to utilize a broker or counterparty other than UBS Securities LLC or its affiliates, Series J will consult with the Advisor prior to directing it to utilize such broker or counterparty counterparty, and will not retain the services of such firm firm(s) over the reasonable objection of the Advisor.