Amendment to ISDA Master Agreement between USB AG and KMP Futures Fund I LLC



 Exhibit 10.7 
 AMENDMENT 
 This Amendment (the “Amendment”)
is made and entered into on this 13th day of October, 2009 between UBS AG, a banking corporation organized under the laws of Switzerland (“Party A”) and WCM Pool LLC, a limited liability company organized under the laws of
the State of Delaware (“Party B”). 
 WHEREAS, Party A and Party B entered into an ISDA Master Agreement dated as of
February 7, 2008, as amended and supplemented from time to time, (the “Agreement”), which Agreement includes, without limitation, the Schedule, the Credit Support Annex and all Confirmations exchanged between the parties confirming
the Transactions thereunder; and 
 WHEREAS, Party A and Party B desire to amend the Agreement. 
 Accordingly, in consideration of the mutual agreements herein contained, the parties agree as follows: 
 SECTION 1. Amendment to the ISDA Credit Support Annex. The Agreement is hereby amended with regards to the ISDA Credit Support
Annex and Paragraph 13(m) is hereby amended by adding the following provision: 
 “Paragraph 2. Security Interest.
Paragraph 2 of the Credit Support Annex is hereby amended by adding the following language at the end thereof: 
 “All
contracts, cash, securities, and/or other property of Party B including all proceeds of all such property held in accounts: WCM Pool LLC: 00A-15666 held by UBS Securities LLC (“UBS Securities”) are hereby pledged to Party A by Party B
under the terms and conditions of this Agreement and shall be held by UBS Securities for the benefit of Party A.” 
 SECTION 2. Miscellaneous. 
 (a) Representations. Each party represents to the other party
that all representations contained in the Agreement are true and accurate as of the date of this Amendment and that such representations are deemed to be given or repeated by each party, as the case may be, on the date of this Amendment and with
respect to the Agreement as amended hereby. 
 (b) Entire Agreement. This Amendment constitutes the entire
agreement and understanding of the parties with respect to its subject matter and supersedes all oral communications and prior writings with respect thereto. 
 (c) Definitions. All capitalized terms used in this Amendment (but not defined herein) shall have the same meaning ascribed to them in the Agreement. 
  

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 (d) Documents to be Delivered. Each party shall deliver to the other, at the
time of its execution of this Amendment, evidence of the specimen signature and incumbency of each person who is executing this Amendment on the party’s behalf, unless such evidence has previously been supplied in connection with the Agreement
and remains true and in effect. 
 (e) Governing Law. This Amendment will be governed by and construed in
accordance with the laws of the State of New York. 
 (f) Agreement Continuation. The Agreement, as modified
herein, shall continue in full force and effect, and nothing herein contained shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby. 
 (g) Counterparts. This Amendment may be executed and delivered in counterparts (including by facsimile transmission), each of
which will be deemed an original. 
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and
delivered by their respective authorized officers or representatives as of the date first above written. 
  

									
	UBS AG	  	WCM POOL LLC
				
	By:	 	 /s/ Ruth G. Laslo
	  	By:	 	Preferred Investment Solutions Corp.,
		 	Name: Ruth G. Laslo	  		 	its Managing Owner
		 	Title:   Executive Director	  		 		 	
		 	Date:	  		 		 	
					
	By: 	 	 /s/ Jennifer W. Gabrielson
	  		 	By:	 	 /s/ Esther E. Goodman

		 	Name: Jennifer W. Gabrielson	  		 	Name:	 	Esther E. Goodman
		 	 Title:   Executive Director
 Date:
	  		 	Title:	 	 Senior Executive Vice President
 and Chief Operating Officer

		 		  		 	Date:	 	

  

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