AMENDMENT NO. 3 TO THE MANAGEMENT AGREEMENTManagement Agreement • January 6th, 2011 • Morgan Stanley Smith Barney Charter Campbell Lp • Commodity contracts brokers & dealers
WHEREAS, MORGAN STANLEY SMITH BARNEY CHARTER CAMPBELL L.P., a Delaware limited partnership (the “Partnership”), CERES MANAGED FUTURES LLC, a Delaware limited liability company (the “General Partner”), and CAMPBELL & COMPANY, INC., a Maryland corporation (the “Trading Advisor”), have agreed to amend the Management Agreement, by and among the Partnership, the General Partner, and the Trading Advisor, dated as of August 31, 2002, as amended by an Amendment No. 1 to the Management Agreement dated as of July 31, 2003 (“Amendment No. 1 to the Management Agreement”) and as further amended by an Amendment No. 2 to the Management Agreement dated as of June 13, 2006 (together, the “Management Agreement”) to reduce the monthly management fee rate payable to the Trading Advisor. Terms used and not otherwise defined herein have the meanings ascribed to such terms in the Management Agreement.
