0001193125-14-308624 Sample Contracts

August 8, 2014 Morgan Stanley Smith Barney LLC
Diversified Multi-Advisor Futures Fund L.P. Ii • August 13th, 2014 • Real estate investment trusts
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AMENDMENT NO. 1 TO THE MANAGEMENT AGREEMENT
The Management Agreement • August 13th, 2014 • Diversified Multi-Advisor Futures Fund L.P. Ii • Real estate investment trusts

This AMENDMENT NO. 1 dated as of the 1st day of July, 2014 to the MANAGEMENT AGREEMENT made as of the 31st day of March, 2008, (the “Management Agreement”), among CERES MANAGED FUTURES LLC (formerly CITIGROUP MANAGED FUTURES LLC), a Delaware limited liability company (“CMF”), DIVERSIFIED MULTI-ADVISOR FUTURES FUND L.P. II (formerly SMITH BARNEY DIVERSIFIED FUTURES FUND L.P. II), a New York limited partnership (the “Partnership”) and ECKHARDT TRADING COMPANY, an Illinois corporation (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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