0000899140-10-000221 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • March 3rd, 2010 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers • New York

AGREEMENT made as of the 28th day of February, 2010 among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF” or the “General Partner”), EMERGING CTA PORTFOLIO L.P., a New York limited partnership (the “Partnership”) and BLACKWATER CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Advisor”).

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