Common use of OBJECTIVES AND PURPOSES Clause in Contracts

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” The Mxxxxxx Lxxxx FuturesAccessSM Funds Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “Confidential Program Disclosure Document”); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “"Trading Advisor”") to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (A) Confidential Program the "Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; orand (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess The Fund shall have the following objectives and purposes: (i) to retain a professional trading allocate and reallocate its capital among different Underlying Funds under the direction of the Manager, attempting to achieve consistently high risk-adjusted returns by implementing an active multi-advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”)managed futures program; (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess The Fund, and the Sponsor Manager on behalf of this FuturesAccess the Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to invest in and redeem from Underlying Funds, allocating and reallocating its capital among Underlying Funds in the discretion of the Manager; (ii) indirectly to trade futures, forwards, options and other instruments instruments, on margin and otherwise, through investing in Underlying Funds; (iiiii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund brokers by hypothecation or pledge of all or part of the assets of this FuturesAccess the Fund; (iiiiv) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess the Fund; (ivv) to open, maintain and close bank, brokerage and other accounts; (vvi) to prepare and file all tax returns required of this FuturesAccess the Fund and make any election or determination on behalf of this FuturesAccess the Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vivii) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess the Fund; (viiviii) to maintain insurance on behalf of this FuturesAccess the Fund, including indemnification insurance; orand (viiiix) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This Systematic Momentum FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading allocate and reallocate its capital among different FuturesAccess Funds under the direction of the Sponsor, attempting to achieve consistently high risk-adjusted returns by implementing an active multi-advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”);managed futures program. (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess FundSystematic Momentum FuturesAccess, and the Sponsor on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) invest in and redeem from FuturesAccess Funds, allocating and reallocating its capital among FuturesAccess Funds in the discretion of the Sponsor; (ii) indirectly to trade futures, forwards, options and other instruments instruments, on margin and otherwise, through investing in FuturesAccess Funds; (iiiii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund brokers by hypothecation or pledge of all or part of the assets of this Systematic Momentum FuturesAccess; ML Systematic Momentum FuturesAccess Fund;LLC (iiiiv) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess FundSystematic Momentum FuturesAccess; (ivv) to open, maintain and close bank, brokerage and other accounts; (vvi) to prepare and file all tax returns required of this Systematic Momentum FuturesAccess Fund and make any election or determination on behalf of this Systematic Momentum FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vivii) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess; (viiviii) to maintain insurance on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, including indemnification insurance; orand (viiiix) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain Cornerstone Trading Company, Inc. (the "Trading Advisor") as a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time Information (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.. ML Cornerstone FuturesAccess LLC Limited Liability Company Operating Agreement (b) This FuturesAccess Fund, and the Sponsor Manager on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “"Trading Advisor”") to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; andand ML Transtrend DTP Enhanced FuturesAccess LLC Limited Liability Company Operating Agreement Dated as of March 8, 2007 (iii) to engage in any other lawful act or activity within and axx xx xxxxxxxx xxxxxx xxx without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain Appleton Capital Management (the "Trading Advisor") as a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time Information (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.. ML Appleton FuturesAccess LLC Limited Liability Company Operating Xxxxxxxxx (b) This FuturesAccess Fund, and the Sponsor Manager on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “Confidential Program Disclosure Document”); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “"Trading Advisor”") to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; andand ML Chesapeake FuturesAccess LLC Limited Liability Company Operating Agreement Dated as of March 8, 2007 (iii) to engage in any other lawful act or activity within and xx xxxxxxxx xxxxxx xxx without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This Systematic Momentum FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading allocate and reallocate its capital among different FuturesAccess Funds under the direction of the Sponsor, attempting to achieve consistently high risk-adjusted returns by implementing an active multi-advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”)managed futures program; (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess FundSystematic Momentum FuturesAccess, and the Sponsor on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to invest in and redeem from FuturesAccess Funds, allocating and reallocating its capital among FuturesAccess Funds in the discretion of the Sponsor; (ii) indirectly to trade futures, forwards, options and other instruments instruments, on margin and otherwise, through investing in FuturesAccess Funds; (iiiii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund brokers by hypothecation or pledge of all or part of the assets of this FuturesAccess FundSystematic Momentum FuturesAccess; (iiiiv) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess FundSystematic Momentum FuturesAccess; (ivv) to open, maintain and close bank, brokerage and other accounts; (vvi) to prepare and file all tax returns required of this Systematic Momentum FuturesAccess Fund and make any election or determination on behalf of this Systematic Momentum FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vivii) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess; (viiviii) to maintain insurance on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, including indemnification insurance; orand (viiiix) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain access, by investing all or substantially all of its assets in the Master Fund, a professional trading advisor (the “Trading Advisor”) to which will manage this FuturesAccess the Master Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”); provided that the Sponsor may in its discretion retain the Trading Advisor directly at this FuturesAccess Fund level, rather than at the Master Fund level; (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This this FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) indirectly to trade futures, forwards, options and other instruments instruments, on margin and otherwise, through investing in the Master Fund; provided that the Sponsor in its discretion may retain the Trading Advisor directly at the FuturesAccess Fund level, rather than at the Master Fund level; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; orand (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This Systematic Momentum FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading allocate and reallocate its capital among different FuturesAccess Funds under the direction of the Sponsor, attempting to achieve consistently high risk-adjusted returns by implementing an active multi-advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”);managed futures program. (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess FundSystematic Momentum FuturesAccess, and the Sponsor on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) invest in and redeem from FuturesAccess Funds, allocating and reallocating its capital among FuturesAccess Funds in the discretion of the Sponsor; (ii) indirectly to trade futures, forwards, options and other instruments instruments, on margin and otherwise, through investing in FuturesAccess Funds; (iiiii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund brokers by hypothecation or pledge of all or part of the assets of this Systematic Momentum FuturesAccess; ML Systematic Momentum FuturesAccess Fund;LLC Limited Liability Company Operating Agreement Dated as of March 8, 2007 (iiiiv) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess FundSystematic Momentum FuturesAccess; (ivv) to open, maintain and close bank, brokerage and other accounts; (vvi) to prepare and file all tax returns required of this Systematic Momentum FuturesAccess Fund and make any election or determination on behalf of this Systematic Momentum FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vivii) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess; (viiviii) to maintain insurance on behalf of this FuturesAccess FundSystematic Momentum FuturesAccess, including indemnification insurance; orand (viiiix) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain Aspect Capital Limited (the "Trading Advisor") as a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time Information (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.. ML Aspect FuturesAccess LLC Limited Liability Company Operating Agreement (b) This FuturesAccess Fund, and the Sponsor Manager on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain Xxxxxx Capital Management Limited (the "Trading Advisor") as a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” Information and the “Confidential Program Disclosure Document Part Two Two: Statement of Additional Information (collectively, the "Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.. XX Xxxxxx FuturesAccess LLC Limited Liability Company Operating Agreement (b) This FuturesAccess Fund, and the Sponsor Manager on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a invest directly or indirectly with one or more professional trading advisor (the “Trading Advisor”) advisors to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets through FuturesAccess Funds, including, without limitation, the Fund investing in ML Systematic Momentum FuturesAccess LLC (rather than the Fund directly engaging a trading advisor) as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time time, as applicable (collectively, the “Confidential Program Disclosure Document”); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor Manager may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor Manager on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor Manager may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” The Xxxxxxx Xxxxx FuturesAccessSM Funds Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “Confidential Program Disclosure Document”); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware. (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to retain a professional trading advisor (the “"Trading Advisor”") to manage this FuturesAccess Fund’s 's speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” , the “Part One (B) ): Confidential Program Disclosure Document: Document Trading Advisor Information” Information and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” , as they may be updated or supplemented amended from time to time (collectively, the “"Confidential Program Disclosure Document”"); (ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and (iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.. ML APM Global Commodity FuturesAccess LLC Limited Liability Company Operating Agreement Dated as of August 1, 2006 (b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power: (i) to trade futures, forwards, options and other instruments instruments, on margin and otherwise; (ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund; (iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund; (iv) to open, maintain and close bank, brokerage and other accounts; (v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws; (vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund; (vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or (viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in connection with the foregoing.