ADVISORY AGREEMENT among EUPHRATES GLOBAL HORIZONS, LLC BLACKROCK INVESTMENT MANAGEMENT, LLC and ELLINGTON MANAGEMENT GROUP, L.L.C. Dated as of February 7, 2014Advisory Agreement • May 9th, 2014 • BlackRock Global Horizons I L.P. • Commodity contracts brokers & dealers • New York
Contract Type FiledMay 9th, 2014 Company Industry JurisdictionThe undersigned hereby acknowledges receipt of Ellington Management Group, L.L.C.’s Disclosure Statement for Ellington Quantitative Macro Fund Ltd. dated November 2013.