0000899140-20-000094 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • February 6th, 2020 • Ceres Orion L.P. • Commodity contracts brokers & dealers • New York

This AGREEMENT made as of the 1ST day of February 2020 by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), CERES ORION L.P., a New York limited partnership (the “Partnership”) and PAN CAPITAL MANAGEMENT, LP, a Texas limited partnership (“Pan” or the “Advisor”).

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