S&p Managed Futures Index Fund Lp Sample Contracts

WITNESSETH ----------
Escrow Agreement • December 1st, 2003 • S&p Managed Futures Index Fund Lp • Investors, nec • New York
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WITNESSETH:
Memorandum of Agreement • October 8th, 2003 • S&p Managed Futures Index Fund Lp • Security brokers, dealers & flotation companies • New York
SELLING AGREEMENT S&P MANAGED FUTURES INDEX FUND, LP (A DELAWARE LIMITED PARTNERSHIP)
Selling Agreement • October 8th, 2003 • S&p Managed Futures Index Fund Lp • Security brokers, dealers & flotation companies • New York
RefcoFund Holdings, LLC Letterhead]
Additional Selling Agent Agreement • August 25th, 2005 • S&p Managed Futures Index Fund Lp • Commodity contracts brokers & dealers

Reference is hereby made to that certain Additional Selling Agreement (the “ Additional Selling Agent Agreement”), dated as of [ ] [ ], 20[ ], among S&P Managed Futures Index, LP, a Delaware limited partnership (the “Partnership”), RefcoFund Holdings, LLC, the general partner of the Partnership (the “General Partner”), and you (the “Additional Selling Agent”). We propose that the Additional Selling Agent Agreement be amended as of July 1, 2005, as follows:

AMENDED AND RESTATED SELLING AGREEMENT
Selling Agreement • August 25th, 2005 • S&p Managed Futures Index Fund Lp • Commodity contracts brokers & dealers • New York

RefcoFund Holdings, LLC, a Delaware limited liability company (the “General Partner”), has caused the formation, on May 13, 2003, of a limited partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (the “Delaware Act”) under the name S&P Managed Futures Index Fund, LP (the “Partnership”), designed to seek returns that substantially track the Standard & Poor’s Managed Futures Index before expenses of the Partnership. Refco Securities, LLC (the “Selling Agent”) shall be the principal Selling Agent for the Partnership. Other selling agents (the “Additional Selling Agents”) may be selected by the General Partner, with the consent of the Selling Agent, in accordance with the terms of this Agreement and the Additional Selling Agent Agreement, attached as Exhibit A hereto. This Selling Agreement shall be referred to herein as the “Agreement”.

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