AMENDMENT NO. 2 TO THE MANAGEMENT AGREEMENTManagement Agreement • January 6th, 2012 • Morgan Stanley Smith Barney Charter WNT L.P. • Commodity contracts brokers & dealers
This AMENDMENT NO. 2 dated as of the 1st day of January, 2012, amends the MANAGEMENT AGREEMENT made as of the 13th day of October, 2006, as amended by Amendment No. 1 to the Management Agreement, dated as of the 29th day of April, 2011 (together, the “Management Agreement”) among CERES MANAGED FUTURES LLC (formerly Demeter Management Corporation), a Delaware limited liability company (the “General Partner”), MORGAN STANLEY SMITH BARNEY CHARTER WNT L.P. (formerly Morgan Stanley Charter WCM L.P.), a Delaware limited partnership (the “Partnership”) and WINTON CAPITAL MANAGEMENT LIMITED, a United Kingdom company (the “Trading Advisor”). Terms used and not otherwise defined herein have the meanings ascribed to such terms in the Management Agreement.
