0001209709-11-000014 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • May 3rd, 2011 • Tactical Diversified Futures Fund L.P. • Real estate investment trusts • New York

AGREEMENT made as of the 29th day of April, 2011 among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), TACTICAL DIVERSIFIED FUTURES FUND L.P., a New York limited partnership (the “Partnership”) and ALTIS PARTNERS (JERSEY) LIMITED, a States of Jersey, Channel Islands corporation (“Altis” or the “Advisor”).

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MANAGEMENT AGREEMENT
Management Agreement • May 3rd, 2011 • Tactical Diversified Futures Fund L.P. • Real estate investment trusts • New York

AGREEMENT made as of the 29th day of April, 2011, among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), TACTICAL DIVERSIFIED FUTURES FUND L.P., a New York limited partnership (the “Partnership”) and KROM RIVER INVESTMENT MANAGEMENT (CAYMAN) LIMITED, an exempted company incorporated in the Cayman Islands with limited liability (“Krom Cayman”) and KROM RIVER TRADING AG, a company incorporated in Switzerland (“Krom Switzerland” and, together with Krom Cayman and each separately, “Krom River” or the “Advisor”).

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