0001193125-14-198910 Sample Contracts

AMENDMENT NO. 1 TO THE MANAGEMENT AGREEMENT
The Management Agreement • May 14th, 2014 • Fairfield Futures Fund Lp Ii • Commodity contracts brokers & dealers

This AMENDMENT No. 1 dated as of the 1st day of April, 2014 to the MANAGEMENT AGREEMENT made as of the 31st day of December, 2003, (the “Management Agreement”), among CERES MANAGED FUTURES LLC (formerly CITIGROUP MANAGED FUTURES LLC), a Delaware limited liability company (“CMF”), FAIRFIELD FUTURES FUND L.P. II (formerly CITIGROUP FAIRFIELD FUTURES FUND L.P. II), a New York limited partnership (the “Partnership”) and GRAHAM CAPITAL MANAGEMENT, L.P., a Delaware Limited Partnership (the “Advisor”) (all parties together, the “Parties”). Capitalized terms not defined herein have the meaning ascribed to such terms in the Management Agreement.

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April 7, 2014 Morgan Stanley Smith Barney LLC
Fairfield Futures Fund Lp Ii • May 14th, 2014 • Commodity contracts brokers & dealers
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