0001193125-13-442127 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • November 14th, 2013 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers • New York

AGREEMENT made as of the 1st day of March, 2013, is by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), EMERGING CTA PORTFOLIO L.P., a New York limited partnership (the “Partnership”) and PRINCIPLE CAPITAL MANAGEMENT LLC, a California limited liability company (the “Advisor” or “Principle”).

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ALTERNATIVE INVESTMENT SELLING AGENT AGREEMENT
Selling Agent Agreement • November 14th, 2013 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers • New York

This Alternative Investment Selling Agent Agreement (“Agreement”) is dated as of November 12, 2013, by and among each of the limited partnerships listed on Schedule 1 hereto (each, a “Partnership,” and together, the “Partnerships”), Ceres Managed Futures LLC, a Delaware limited liability company (the “General Partner”), and Morgan Stanley Smith Barney LLC, a Delaware limited liability company, currently doing business as Morgan Stanley Wealth Management (“MSSB”). Partnerships may be added to this Agreement upon the agreement of the General Partner and MSSB. The listing of such partnership on Schedule 1 hereto shall be evidence of such agreement. This Agreement supersedes all prior agreements between each Partnership, MSSB and the General Partner.

MANAGEMENT AGREEMENT
Management Agreement • November 14th, 2013 • Emerging Cta Portfolio Lp • Commodity contracts brokers & dealers • New York

AGREEMENT made as of the 1st day of March, 2013, is by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), EMERGING CTA PORTFOLIO L.P., a New York limited partnership (the “Partnership”) and 300 NORTH CAPITAL LLC, a Delaware limited liability company (the “Advisor”).

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