Ceres Managed Futures LLC
Exhibit 10.1
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Ceres Managed Futures LLC
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000 Xxxxx Xxxxxx
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Xxx Xxxx, Xxx Xxxx 00000
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March 10, 2015
Xxxxxx Xxxxxxx Xxxxx Xxxxxx LLC
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
| Re: | Ceres Managed Futures LLC: Amended Schedules 1 and 2 to the Alternative Investment Selling Agent Agreement |
Ladies and Gentlemen:
Pursuant to paragraph 13(c) of the Alternative Investment Selling Agent Agreement dated November 12, 2013, as amended on March 1, 2014; April 7, 2014; August 8, 2014 and as further amended from time to time (the “Agreement”), between, among others, Ceres Managed Futures LLC (“CMF”), the general partner of each of the limited partnerships listed on Schedule 1 thereto (each, a “Partnership,” and together, the “Partnerships”), and Xxxxxx Xxxxxxx Xxxxx Xxxxxx LLC (“MSSB”), CMF is hereby confirming that Schedules 1 and 2 to the Agreement are hereby deleted in their entirety and replaced with Schedules 1 and 2 attached hereto effective as of January 1, 2015.
Notwithstanding anything to the contrary in the Agreement, by signing below MSSB hereby agrees to, acknowledges and accepts the amendment of the Agreement, effective as of January 1, 2015.
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If the foregoing is in accordance with your understanding of our discussions, kindly sign and return to us a counterpart hereof (by mail, facsimile or email) as soon as possible.
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Sincerely,
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CERES MANAGED FUTURES LLC
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By:
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/s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
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President and Director
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EACH PARTNERSHIP LISTED ON
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SCHEDULE 1 HERETO
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By: Ceres Managed Futures LLC, the
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general partner of each Partnership
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By:
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/s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
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President and Director
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Confirmed, accepted and agreed to:
XXXXXX XXXXXXX XXXXX XXXXXX LLC
By: /s/ Xxxxxx Xxxx
Name: Xxxxxx Xxxx
Title: Executive Director
Page 3
Schedule 1
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PARTNERSHIP
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STATE AND DATE OF ORGANIZATION
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EFFECTIVE DATE
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Managed Futures Premier Energy Fund X.X. XX
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New York; March 25, 2002
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March 1, 2014
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Page 4
Schedule 2
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PARTNERSHIP
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ONGOING SELLING AGENT FEE
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Managed Futures Premier Energy Fund X.X. XX
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2.00% per year of the adjusted net assets of the Partnership (computed monthly by multiplying the adjusted net assets of the Partnership by 2.00% and dividing the result thereof by 12)1
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1 Adjusted net assets are month-end Net Assets increased by the current month’s ongoing selling agent fee, management fee, profit share allocation accrued, the general partner’s administrative fee, other expenses and any redemptions or distributions as of the end of such month.
