0001428043-13-000005 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • May 14th, 2013 • LV Futures Fund L.P. • Commodity contracts brokers & dealers • New York

THIS AGREEMENT, made as of April 1, 2008, among Morgan Stanley Managed Futures GMF I, LLC, a Delaware limited liability company (the “Trading Company”), Demeter Management Corporation, a Delaware corporation (the “Trading Manager”), and Grinham Managed Funds Pty. Ltd., a New South Wales, Australia proprietary limited company (the “Trading Advisor”).

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AMENDMENT NO. 1 TO THE ADVISORY AGREEMENT
Advisory Agreement • May 14th, 2013 • LV Futures Fund L.P. • Commodity contracts brokers & dealers

This AMENDMENT NO. 1 dated as of the 1st day of January 2013 to the ADVISORY AGREEMENT made as of the 1st day of April, 2008, among CERES MANAGED FUTURES LLC (formerly Demeter Management Corporation), a Delaware limited liability company (the “Trading Manager”), MORGAN STANLEY SMITH BARNEY BORONIA I, LLC (formerly Morgan Stanley Managed Futures GMF I, LLC), a Delaware limited liability company (the “Trading Company”) and BORONIA CAPITAL PTY LTD. (formerly Grinham Managed Funds Pty. Ltd.), a New South Wales, Australia proprietary limited company (the “Trading Advisor”).

AMENDMENT NO. 1 TO THE ADVISORY AGREEMENT
Advisory Agreement • May 14th, 2013 • LV Futures Fund L.P. • Commodity contracts brokers & dealers

This AMENDMENT NO. 1 dated as of the 24th day of January 2013 to the ADVISORY AGREEMENT made as of the 30th day of April, 2007, among CERES MANAGED FUTURES LLC (formerly Demeter Management Corporation), a Delaware limited liability company (the “Trading Manager”), MORGAN STANLEY SMITH BARNEY CHESAPEAKE DIVERSIFIED I, LLC (formerly Morgan Stanley Managed Futures Chesapeake I, LLC), a Delaware limited liability company (the “Trading Company”) and CHESAPEAKE CAPITAL CORPORATION, an Illinois corporation (the “Trading Advisor”).

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