APPENDIX B  SUBSCRIPTION AGREEMENT
 ORION FUTURES FUND L.P.
  Subscription Agreement
 CREDIT SUISSE SECURITIES (USA) LLC




---



##### 



th th
 Orion Futures Fund L.P.
  Subscription for Units
   Representations, Warranties and Covenants of Subscriber
  B-2




---



##### 



B-3




---



##### 



exceeding
     Acceptance of Partnership Agreement and Power of Attorney
  B-4




---



##### 



Indemnification
 Survival
 Miscellaneous
 7. Additional Representations, Warranties and Covenants with Respect to Anti-Money
Laundering.
   B-5




---



##### 



et seq. et seq.
         B-6




---



##### 



B-7




---



##### 



EXECUTION PAGE
 I. For Client Use:
 Subscription Amount:
 Accreditation:
 New York Individual Investor or Trustee Status [FOR INDIVIDUAL INVESTORS ONLY]:
 o
 OR
 o
 OR
 o
 read and sign
 D.
    
    1. Representation:The foregoing statements are complete and accurate as of the date hereof
and may be relied upon by the General Partner. I further represent that I will notify the
General Partner immediately of any adverse change in any such information and will promptly
send the General Partner written confirmation thereof.
 2. Signature:
  Signature
    
    SignatureTitle (if applicable)
    
    Title (if applicable)3. Date:
    
    
    
    Date:
 E.
    
    Please complete Registration Data on the next page.
 II. For General Partners Use:
ACCEPTED:
CERES MANAGED
FUTURES LLCBy:Name:Title: B-8




---



##### 



REGISTRATION DATA
 Name of Limited Partner
    
    Name of Joint Limited Partner (if any)(Please Print)
    
    (Please Print)Residence Street Address
    
    Mail Address (if different than Residence Address)(See Note 1 Below)City
    
    State
    
    Zip Code
    
    City
    
    State
    
    Zip Code
 Social Security or Federal Employer I.D. Number
 If Joint Ownership, check one:o Joint Tenants with right to
Survivorship (all parties must sign)o Tenants in Commono Community PropertyNote 1: The address given above must
be the residence address of the Limited
Partner. Post Office boxes and other
nominee addresses will not be accepted.
    
    If Corporation, check one:o Trust o Partnershipo Corporation
 For Branch Use
  B-9




---



##### 



PAYMENT INFORMATION
 o
   
 
  1.
    
    For payment by wire, please complete the Letter of Authorization attached as Exhibit II.2.
    
    The Placement Agent will charge its wiring fees separately so that the amount you have
elected to invest may be invested. Prior to your investment in the Partnership, the amount
wired will be reduced to reflect the payment of any sales or placement fee.
 B-10




---



##### 



EXHIBIT I
          B-11




---



##### 



EXHIBIT II
 LETTER OF AUTHORIZATION
 INSERT YOUR ACCOUNT NUMBER)     INSERT NAME OF YOUR RELATIONSHIP MANAGER AT CREDIT SUISSE SECURITIES (USA) LLC)
 Re:
    
 
  
   B-12




---



##### 



EXHIBIT III
 
 NEW YORK STATE LIMITED POWER OF ATTORNEY
 THIS DOCUMENT MUST BE NOTARIZED
  Subscriber section (to be completed by the Subscriber and notarized)
 
 B-13




---



##### 



B-14




---



##### 



STATE OF NEW YORK
    
    
    )) ss.:COUNTY OF
    
    
    )
 
 Notary Public
 General Partner section (to be completed by the General Partner and notarized)
 
  
 STATE OF NEW YORK
    
    
    )) ss.:COUNTY OF
    
    
    )
 
 Notary Public
 B-15




---



##### 



NEW YORK LIMITED POWER OF ATTORNEY
CAUTIONARY LEGENDS
 The following disclosure is required to be included verbatim in all powers of attorney subject
to Title 15 of Article 5 of the New York State General Obligations Law:
          B-16




---



##### 



B-17