EX-10.4



 EXHIBIT 10.4 
 MANAGED FUTURES PREMIER WARRINGTON L.P. 
 SUBSCRIPTION DOCUMENTS 

Minimum Subscription 
 Class A Units: $25,000; $10,000 for ERISA/IRA Investors 
 Class D Units:
$5,000,000 
 May 2015 







 MANAGED FUTURES PREMIER WARRINGTON L.P. 

SUBSCRIPTION INSTRUCTIONS 
 Any person or entity subscribing (the “Subscriber”) to purchase units of limited partnership interest (the “Units”) of Managed Futures Premier Warrington L.P., a New York limited
partnership (the “Partnership”) may do so only by means of the completion, delivery and acceptance of the subscription documents in this package (the “Subscription Documents”) as follows: 

 

	•	 	 Completion of the Subscription Documents, which include: 



 

	 	•	 	 Subscriber Information Form: Complete all requested information; 



 

	 	•	 	 Subscription Agreement (the “Subscription Agreement”): Date and sign the signature page. Note that subscriptions by individual
retirement accounts (“IRAs”) require the signature of the qualified IRA custodian or trustee of the IRA; 


  

	 	•	 	 U.S. Internal Revenue Service (“IRS”) Form(s) W-8 and/or W-9: If the Subscriber is a U.S. person for U.S. federal income tax purposes,
the Subscriber should complete and sign IRS Form(s) W-9 to certify its U.S. Tax Identification Number. If the Subscriber is not a U.S. person, the Subscriber must instead complete the appropriate IRS Form(s) W-8. Please see Annex IV for more
information. 


  

	•	 	 Delivery of the completed Subscription Documents; 


  

	•	 	 Payment for the full amount subscribed (the “Subscription Amount”); and 



 

	•	 	 Acceptance of the subscription by Warrington GP, LLC, the Partnership’s general partner (the “General Partner”).



 Additional information regarding these Subscription Documents and the subscription process is set out below. All
references herein to “dollars” or “$” are to U.S. dollars. 
 DELIVERY
INSTRUCTIONS. Subscription Documents should be delivered at least three days prior to the subscription payment date (unless otherwise agreed by the General
Partner) to Apex Fund Services (US) Inc.,1 first via
e-mail to parkland@apexfunds.us. Then, originals should follow to the following address: 
  

			
		    	Apex Fund Services (US) Inc.
		    	25 Broad Street, 2nd Floor
		    	Red Bank, NJ 07701
	Tel:	    	(732) 936-8420
	Attention:	    	Alex Chapman, Managing Director

 All Subscription Documents will be returned to the Subscriber if this subscription is not accepted. 

 

	1 	Apex Fund Services (US) Inc. serves as the sub-administrator to the Partnership (the “Sub-Administrator”) and will be responsible for accepting the
Subscription Agreements and answering investor questions on the Subscription Documents. Parkland Financial Services, Inc. serves as the administrator to the Partnership (the “Administrator”). Any reference to the Administrator in these
subscription instructions shall be construed to include the Sub-Administrator of the Partnership unless the context otherwise requires. 

 Subscription Instructions 

  
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 EVIDENCE OF
AUTHORIZATION. The Subscriber (if not a natural person subscribing for his/her own account) may be required to submit the following evidence of authorization:

  

	 	(1)	Corporation: certified corporate resolutions authorizing the subscription and identifying the corporate officer(s) empowered to sign the Subscription
Documents. 

  

	 	(2)	Partnership: partnership certificate (in the case of limited partnerships) or partnership agreement identifying the general partners. 


 

	 	(3)	Trust: trust agreement or relevant portions thereof showing appointment and authority of trustee(s). 


 

	 	(4)	Employee Benefit Plan (including Individual Retirement Account): certificate of the trustee or an appropriate officer certifying that the subscription has been
authorized and identifying the individual empowered to sign the Subscription Documents. 

 Entities may be requested to furnish
other or additional documentation evidencing their authority to invest in the Partnership. 
 SUBSCRIPTION
PAYMENTS; CLOSING DATE. Payment for the Subscription Amount (not less than $10,000 for ERISA/IRA investors or $25,000 for all other
investors in Class A Units (as defined in the Private Placement Offering Memorandum and Disclosure Document, the “Memorandum”) or $5,000,000 for Class D Units (as defined in the Memorandum)), must be made by wire transfer to an
account designated by the General Partner, which shall initially be: 
  

			
	To:	    	Texas Capital Bank, Dallas, TX 75201
	ABA No.:	    	111017979
	F/C/T:	    	Managed Futures Premier Warrington L.P.
	Account No.:	    	[Insert Account Number]
	Reference:	    	[ Subscriber’s Name ]

 Unless otherwise agreed to by the General Partner, the subscription is payable by wire transfer at least three business
days prior to the proposed date of subscription. 
 ACCEPTANCE OF
SUBSCRIPTIONS. The acceptance of subscriptions is within the absolute discretion of the General Partner, which may require additional information prior to making a determination. The Subscription Documents are
not deemed accepted by the Partnership until a trade confirmation is issued by the Administrator on behalf of the Partnership. The General Partner and/or the Administrator will seek to notify the Subscriber of the acceptance or rejection of the
subscription prior to the date of subscription. Neither the Partnership nor the General Partner will be responsible for any lost profits, revenues or damages of any kind due to a delayed acceptance or a rejected Subscription Documents. If the
Subscription Documents are rejected, the Partnership will promptly refund (without interest) to the Subscriber any Subscription Amount received by the Partnership. 
 ADDITIONAL INFORMATION. For additional information concerning subscriptions, prospective investors should contact Alex Chapman
(telephone: (732) 936-8420) at the office of the Administrator. 

  
 Subscription Instructions



  
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 MANAGED FUTURES PREMIER WARRINGTON L.P. 

SUBSCRIBER INFORMATION FORM 
 THIS SUBSCRIBER INFORMATION FORM IS DIVIDED INTO THREE SECTIONS. ALL SUBSCRIBERS ARE REQUIRED TO COMPLETE SECTION I. SUBSCRIBERS WHO ARE NATURAL PERSONS, INDIVIDUAL RETIREMENT ACCOUNTS (IRAS) OR GRANTOR
TRUSTS MUST COMPLETE SECTION II. ALL OTHER SUBSCRIBERS MUST COMPLETE SECTION III. 
 IF YOU ARE SUBSCRIBING AS A CUSTODIAN OR AN AGENT ON
BEHALF OF A BENEFICIAL OWNER, YOU SHOULD COMPLETE THE QUESTIONS BELOW WITH REFERENCE TO THE BENEFICIAL OWNER OF THE UNITS AS THE SUBSCRIBER. 
 SECTION I. TO BE COMPLETED BY ALL SUBSCRIBERS 
  

	1.	Identity of Subscriber 

  

					
	Name(s):	  		  	Country of domicile/ Citizenship:
			
	  
	  		  	  

			
	  
	  		  	  


 Form of Ownership or Subscriber: Please check all of the boxes that describe the beneficial
owner(s) for whose account the Units are being acquired. 
  

							
	 ̈	 	Joint (spouses)	 	 ̈	 	Private tax-exempt foundation
				
	 ̈	 	Joint (other)	 	 ̈	 	Family partnership or LLC
				
	 ̈	 	Personal trust (taxable to grantor)	 	 ̈	 	Tax-exempt endowment
				
	 ̈	 	Personal trust (other)	 	 ̈	 	Other tax-exempt organization
				
	 ̈	 	Individual retirement account	 	 ̈	 	Employee benefit plan (self-directed)
				
	 ̈	 	Fund of funds2	 	 ̈	 	Employee benefit plan (trustee directed)
				
	 ̈	 	Charitable trust	 	 ̈	 	Business entity (other)

  

	2 	“Fund of funds” means a private fund that invests 10% or more of its total assets in other pooled investment vehicles, whether or not they are also private
funds, or registered investment companies. 


  
 Subscriber Information
Form 


  
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	If “business entity” was checked, please describe the business entity:	 	  

	
	  

	
	  



  

	2.	Contact Information 

 Primary Contact
for Notices and Communications 
  

			
	Name:	 	  

		
	Mailing Address:	 	  

		
		 	  

		
	Telephone:	 	  

		
	Fax:	 	  

		
	E-mail:	 	  



 Permanent Address (if not different from above, write “N/A”) 

 

			
	Name:	 	  

		
	Address:	 	  



 Secondary Contact for Notices and Communications (optional) 

 

			
	Name:	 	  

		
	Mailing Address:	 	  

		
		 	  

		
	Telephone:	 	  

		
	Fax:	 	  

		
	E-mail:	 	  



 Note that financial statements and tax returns will be sent to the above address(es). 

  
 Subscriber Information
Form 


  
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 Please set forth below the names of persons authorized by the Subscriber to give and receive
instructions between the Partnership and the Subscriber together with their respective signatures. Such persons are the only persons so authorized until further written notice is provided to the General Partner signed by one or more of such persons.

  

					
	 Name
	 	  	 	 Signature

	  
	 		 	  

			
	  
	 		 	  

			
	  
	 		 	  

			
	  
	 		 	  


  

	3.	Remitting Bank or Financial Institution 

 Except as otherwise agreed by the General Partner, all subscriptions are payable in full by wire transfer of readily available funds to the account of the Partnership at least three business days prior
to the proposed date of subscription, unless otherwise agreed by the General Partner. Please identify the bank or other financial institution (the “Wiring Institution”) from which the Subscriber’s funds will be wired. Note that
amounts paid to the Subscriber will be paid to the same account from which its subscription funds were originally remitted, or, if the General Partner agrees, to another account in the name of the Subscriber. 

 

			
	Name of Wiring Institution3:	 	  

		
	Address4:	 	  

		
		 	  

		
		 	  

		
	ABA, Chips or SWIFT Number:	 	  

		
	Account Name:	 	  

		
	Account Number:	 	  

		
	For Benefit of:	 	 [ Subscriber’s Name ]

		
	Account Representative:	 	  

		
	Telephone:	 	  



  

	3 	Important notice: please instruct the Subscriber’s bank to ensure that the originating account and bank information is available in the wire. The
Subscriber’s transaction may be delayed or rejected if this information is not provided. 


	4 	If the Wiring Institution is not located in a jurisdiction that is member of the Financial Action Task Force on Money Laundering (the “FATF”), the General
Partner may require additional information. For a current list of FATF members see: www.fatf-gafi.org. 


  
 Subscriber Information
Form 


  
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 Is the Subscriber a customer of the Wiring Institution? 

 ̈        Yes      
   ̈        No 
 If you
responded “No,” please contact the General Partner for additional information that may be required. 
  

	4.	Electronic Delivery of Reports and Other Communications 

 Pursuant to the regulations of the Commodity Futures Trading Commission, the General Partner hereby notifies the Subscriber that it, or the Administrator on its behalf, intends to distribute reports and
other communications (including, without limitation, periodic account statements, annual audited statements of operations and changes in net assets of the Partnership, tax information and schedules and annual and other updates of the
Partnership’s consumer privacy policies and procedures) electronically, such as by e-mail or by posting on a web site, to the Subscriber. The Subscriber may object to such electronic delivery no later than 10 business days following its
completion of these Subscription Documents by notifying the General Partner. Does the Subscriber consent to receive such reports and other communications from the Partnership exclusively in electronic form without separate mailing of paper copies?


 ̈        Yes      
   ̈        No 
  

	5.	Information Regarding Actual Ownership of the Units 

 Is the Subscriber subscribing for Units with the intent to sell, distribute or transfer the Units to any other person or persons? 
  ̈        Yes         ̈ 
       No 
 Is the Subscriber subscribing for Units as agent, nominee, trustee, custodian,
partner, or otherwise on behalf of, for the account of or jointly with any other person or entity? 
  ̈        Yes         ̈        No

 Will any other person or persons have a beneficial interest in the Units acquired or a right to receive payments, through
contract or otherwise, relating to the increase or decrease in value of the Units (other than as a shareholder, partner or other beneficial owner of equity interests in the Subscriber)? 

 ̈        Yes      
   ̈        No 
 Does the
Subscriber control, or is the Subscriber controlled by or under common control with, any other existing or prospective investor in the Partnership? 
  ̈        Yes         ̈ 
       No 
 Note: If any of the above questions were answered “Yes,” please provide
identifying information or contact the General Partner: 
  

			
		 	  



  
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Form 


  
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	6.	Government Entities 

 Is the Subscriber a government entity5 or an officer, agent or employee thereof acting in his or her official capacity? 

 ̈        Yes      
   ̈        No 
  

	7.	Purchase of Units Using Financing 

 Is the Subscriber subscribing for the Units using the financing of a third party, such as the proceeds of a loan? 
  ̈        Yes         ̈ 
       No 
  

	5 	 A “government entity” is any government or any state, department or other political subdivision thereof, or any governmental body, agency,
authority or instrumentality in any jurisdiction exercising executive, legislative, regulatory or administrative functions of or pertaining to government. For purposes of this number (6), a “government entity” includes all state and local
governments, their agencies and instrumentalities, and any investment programs, defined benefit plans as defined in Section 414(j) of the Code, state general funds, pools of assets or plans sponsored or established by state and local
governments, including all public pension plans and any participant-directed plan or program of a government entity, such as “qualified tuition plans” authorized by Section 529 of the Code and retirement plans authorized by
Section 403(b) or 457 of the Code. 



  
 Subscriber Information
Form 


  
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 SECTION II. ADDITIONAL QUESTIONS FOR NATURAL PERSONS, INDIVIDUAL RETIREMENT ACCOUNTS
OR GRANTOR TRUSTS 
  

	1.	Please indicate the desired type of ownership interest 

  

							
	 ̈	  	Individual	  	 ̈	  	Individual Retirement Account
	 ̈	  	Joint	  	 ̈	  	Grantor Trust

  

	2.	Place of Residence 

  

	 	(a)	Indicate the state where the Subscriber has his/her principal residence: 

  

	
	  


 Note: If the Subscriber is married and lives in a community property state, both the Subscriber and the
Subscriber’s spouse must sign the signature page of the Subscription Agreement. Community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Puerto Rico, Texas, Washington and Wisconsin. Property held by married
persons resident in Alaska may also be subject to community property law if the married persons opted into the community property regime. 
  

	 	(b)	Is the Subscriber or trust grantor a United States citizen or permanent resident of the United States? 


 ̈        Yes      
   ̈        No 
  

	3.	U. S. Tax Identification Number (i.e., SSN, EIN and/or ITIN, as applicable): 


 

			
	  
	 	

  

	4.	Joint Subscriptions 

 If
the Subscriber is subscribing with another person, please answer the following questions: 
  

	 	(a)	Please indicate type of ownership interest: 

  

	 	 ̈	Joint tenants (rights of survivorship) 


	 	 ̈	Tenants in common (no rights of survivorship) 

  

	 	(b)	If the Subscriber is subscribing for Units jointly with another person, please answer the following questions: 


 

	 	(i)	Is the other person a United States citizen or permanent resident of the United States? 


 ̈        Yes      
   ̈        No 
 (ii) If the
answer to the above question is “Yes,” please provide such other person’s U. S. Tax Identification Number (i.e., SSN, EIN and/or ITIN, as applicable):
                                         
                                

Note: Subscribers who are subscribing jointly must provide an IRS Form W-9 or W-8, as applicable, for each of the Subscribers. Please see
Annex IV. 

  
 Subscriber Information
Form 


  
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	5.	Individual Retirement Account Investors 

  

	 	(a)	If the Subscriber is subscribing as a trustee or custodian for an individual retirement account, is the Subscriber a qualified IRA custodian or trustee?



 ̈        Yes      
   ̈        No 
  

	 	(b)	Name of qualified IRA trustee or custodian: 

  

			
	  
	 	

  

	 	(c)	Custodian’s or Trustee’s U.S. Tax Identification Number (i.e., SSN, EIN and/or ITIN, as applicable):
                                 


 

	6.	Grantor Trust Investors 

  

	 	(a)	Please indicate whether the Subscriber, for U.S. federal income tax purposes, files now or has ever filed a tax or information return as a partnership (including a
limited liability company treated as such), as a “grantor” trust or (if the Subscriber is a U.S. corporation) as an “S corporation” under Sections 1361-1379 of the Internal Revenue Code of 1986, as amended (the “Code”).



 ̈        Yes      
   ̈        No 
  

	 	(b)	If the answer is “Yes,” will the investment in the Partnership represent more than 50% of the assets of the Subscriber? 


 ̈        Yes      
   ̈        No 
 Is a principal
purpose of the investment to permit the Partnership to satisfy the 100-partner limitation in U.S. Treasury Regulations Section 1.7704-1(h)(1)(ii)? 
  ̈        Yes         ̈ 
       No 
 If the answer to both questions in section (b) is “Yes,” please
contact the Administrator for additional tax information that is required. 
 Note: Subscribers that are “grantor
trusts” with multiple grantors must provide an IRS Form W-9 or W-8 for each grantor. Please see Annex IV. 

  
 Subscriber Information
Form 


  
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	7.	Additional FATCA Information 

 Please answer all of the following questions (if inapplicable, please write “N/A”). If the Subscriber is investing together with his/her spouse or with any other joint account holder, please
provide answers with respect to each account holder. Any agent, custodian, nominee, trustee or any person otherwise subscribing on behalf of, or for the account of, a beneficial owner should complete the questions below with reference to the
beneficial owner. For purposes of these questions, a “legal entity” includes a legal arrangement, such as a trust. 
  

					
	(a)	  	Country of Birth:
                                         
                                         
                                         
 
			
	(b)	  	Citizenship or Nationality (list all):	 	
			
		  	  
	 	
			
	(c)	  	Is the Subscriber a “green card” holder?	 	
	
	 ̈        Yes         ̈        No
			
	(d)	  	Countries of Tax Residence (list all):	 	
			
		  	  
	 	
		
	(e)	  	Non-U.S. Tax Identification Number (for each country listed in (b) and (d)):
			
		  	  
	 	
		
	(f)	  	If a non-U.S. Tax Identification Number was not issued, please list a functional equivalent (such as a social security or national insurance number, citizen or personal
identification number or resident registration number):
			
		  	  
	 	


  
 Subscriber Information
Form 


  
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 SECTION III. ADDITIONAL QUESTIONS FOR ENTITIES AND NON-GRANTOR TRUSTS 

Please answer all of the following questions (if inapplicable, please write “N/A”). If the Subscriber is investing together with a joint
account holder, please provide answers for each account holder. Any agent, custodian, nominee, trustee or any person otherwise investing/subscribing on behalf of, or for the account of, a beneficial owner should complete the questions below with
reference to the beneficial owner. 
  

	1.	Organizational Data 

  

					
	(a)      	 	Legal form of entity:	 	  



					
			
	(b)      	 	Jurisdiction of organization:	 	  



					
			
	(c)      	 	Year of organization:	 	  



					
			
	(d)      	 	Briefly identify the Subscriber’s primary business:	 	  

		
		 	  

		
		 	  



					
			
	(e)      	 	Identify the Subscriber’s principal place of business:	 	  



					
		
		 	  

		
		 	  

		
	(f)      	 	Was the Subscriber organized for the specific purpose of acquiring the Units?


 ̈        Yes      
   ̈        No 
  

			
	(g)    	 	Have shareholders, partners or other holders of equity or beneficial interests in the Subscriber been provided the opportunity to decide individually whether or not to participate,
or the extent of their participation, in the Subscriber’s investment in the Partnership (i.e., have investors in the Subscriber been permitted to determine whether their capital will form part of the specific capital invested by the Subscriber
in the Partnership)?


 ̈        Yes      
   ̈        No 
  

	2.	Benefit Plan Accounts 

  

	 	(a)	Is the Subscriber (i) an employee benefit plan subject to the fiduciary provisions of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), (ii) a “plan” subject to Section 4975 of the Code, (iii) an entity that otherwise constitutes a “benefit plan investor” within the meaning of any Department of Labor regulation promulgated
under Section 3(42) of ERISA, (a party described in (i), (ii), or (iii), a “Plan”), or (iv) an entity whose underlying assets include “plan assets” for purposes of ERISA by reason of a Plan’s investment in the
Subscriber (a “Plan Asset Entity”)? 


 ̈        Yes      
   ̈        No 

  
 Subscriber Information
Form 


  
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	 	(b)	Is the Subscriber a Plan that is both voluntary and contributory? 

  ̈        Yes         ̈ 
       No 
  

	 	(c)	Have beneficiaries of the Plan been provided the opportunity to decide individually whether or not to participate, or the extent of their participation, in the
Plan’s investment in the Partnership (i.e., have beneficiaries of the Plan been permitted to determine whether their capital will form part of the specific capital invested by the Plan in the Partnership)? 


 ̈        Yes      
   ̈        No 
  

	 	(d)	Is the Subscriber either (1) an insurance company general account the underlying assets of which include “plan assets” for purposes of ERISA or
(2) a Plan Asset Entity? 


 ̈        Yes      
   ̈        No 
 If the answer
is “Yes,” the maximum percentage of the Subscriber constituting “plan assets” will be: 
  

	
	  


 (Note that the Subscriber is obligated to promptly notify the Partnership if this percentage is exceeded).

  

	3.	Regulated Institutions 

  

	 	(a)	Is the Subscriber a regulated institution that is subject to legal or regulatory restrictions or limitations on the nature of its investments (such as a bank or an
insurance company)? 


 ̈        Yes      
   ̈        No 
  

	 	(b)	If the answer is “Yes,” has the Subscriber verified that the proposed subscription is in compliance with applicable laws and regulations?



 ̈        Yes      
   ̈        No 
  

	4.	Tax Information 

  

	 	(a)	U.S. Tax Identification Number: 

  

	
	  



  
 Subscriber Information
Form 


  
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	 	(b)	Countries of Tax Residence (list all): 

  

	
	  


  

	 	(c)	Non-U.S. Tax Identification Number (for each country listed under (b)): 

  

	
	  


 If a non-U.S. Tax Identification Number was not issued, please list a functional equivalent (such as a
company registration number or other similar form of identification): 
  

	 	(d)	Does the Subscriber qualify as a “foreign financial institution” under FATCA (as defined in the Subscription Agreement) and the U.S. Treasury Regulations
thereunder? 


 ̈        Yes      
   ̈        No 
 If
“Yes,” please provide all applicable Global Intermediary Identification Numbers (“GIIN”): 
  

	
	  


  

	 	(e)	Does the Subscriber qualify as a “passive NFFE” under FATCA and the U.S. Treasury Regulations thereunder? 


 ̈        Yes      
   ̈        No 
 If the answer
is “Yes,” do one or more individuals who are U.S. citizens, green card holders or tax residents exercise ultimate and effective control over the Subscriber, whether as a director, manager, partner, shareholder, member, settlor, trustee,
beneficial owner or in any other capacity? 

 ̈        Yes      
   ̈        No 
 Note: If
“Yes,” please contact the Administrator and also provide an IRS Form W-9 for each such controlling person. Please see Annex IV. 
  

	 	(f)	Indicate the annual date on which the Subscriber’s taxable year ends for purposes of U.S. federal income tax reporting or information filing purposes:


  

	
	  


  

	 	(g)	Please indicate whether the Subscriber, for U.S. federal income tax purposes, files now or has ever filed a tax or information return as a partnership (including a
limited liability company treated as such), as a “grantor” trust or (if the Subscriber is a U.S. corporation) as an “S corporation” under Sections 1361-1379 of the Code. 


 ̈        Yes      
   ̈        No 

  
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Form 


  
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	 	(h)	If the answer is “Yes,” will the investment in the Partnership represent more than 50% of the assets of the Subscriber? 


 ̈        Yes      
   ̈        No 
 Is a principal
purpose of the investment to permit the Partnership to satisfy the 100-partner limitation in U.S. Treasury Regulations Section 1.7704-1(h)(1)(ii)? 
  ̈        Yes         ̈ 
       No 
 If the answer to both questions in section (h) is “Yes,” please
contact the Administrator for additional tax information that is required. 
  

	 	(i)	Is the Subscriber exempt from U.S. federal income tax (e.g., a qualified employee benefit plan or trust, retirement account, charitable remainder trust, or a charitable
foundation or other tax-exempt organization described in Section 501(c)(3) of the Code)? 

  ̈        Yes         ̈        No

  

	5.	Bank Investors 

  

	 	(a)	Is the Subscriber an insured depository institution, as defined in the Federal Deposit Insurance Act, or a company that controls directly or indirectly an insured
depository institution? 


 ̈        Yes      
   ̈        No 
  

	 	(b)	Is the Subscriber treated as a bank holding company for the purposes of Section 8 of the International Banking Act of 1978? 


 ̈        Yes      
   ̈        No 
  

	 	(c)	Is the Subscriber a direct or indirect subsidiary or affiliate of an entity described in (a) or (b) above? 


 ̈        Yes      
   ̈        No 

  
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Form 


  
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 MANAGED FUTURES PREMIER WARRINGTON L.P. 

SUBSCRIPTION AGREEMENT 
 Managed
Futures Premier Warrington L.P. 
 c/o Warrington GP, LLC 
 200 Crescent Court, Suite 520 
 Dallas, TX 75201 

Ladies and Gentlemen: 
 By
executing the signature page of this agreement (the “Subscription Agreement”) to invest in Units (as defined below) of Managed Futures Premier Warrington, L.P. and to grant the General Partner (as defined below) a power of attorney, the
undersigned (on an individual capacity and on behalf of any co-subscriber, and, if the undersigned is signing on behalf of an entity, on behalf of and with respect to that entity and its shareholders, partners, beneficiaries or members, each
referred to herein as the “Subscriber”), represent and warrant to Managed Futures Premier Warrington L.P. (the “Partnership”), Warrington GP, LLC, the Partnership’s general partner (the “General Partner”),
Warrington Asset Management LLC, the Partnership’s trading advisor (the “Trading Advisor”) and any of their respective affiliates or delegatees (including, Parkland Financial Services, Inc., the administrator of the Partnership (the
“Administrator,” which term shall include Apex Fund Services, Inc., the sub-administrator of the Partnership (the “Sub-Administrator”)); the selling/services agents of the Partnership; and their respective financial advisors), as
follows (as used below, the term the “Subscriber” or “it” refers to the individual subscribing for Units for his own beneficial interest and any co-subscriber, as applicable, or if the undersigned is signing on behalf of an
investing entity or for any other beneficial owner of the Units, such entity or owner). The Subscriber understands that the Partnership, the General Partner, the Trading Advisor, the Administrator, the selling/services agents and any of their
respective affiliates will rely upon all of the Subscriber’s statements and representations, or statements and representations made by the undersigned on behalf of the Subscriber, in this Subscription Agreement and information provided in the
subscriber information form (the “Subscriber Information Form”) in deciding whether to allow the Subscriber to invest in the Partnership. 
 (1) The Subscriber has received and carefully read, understands and agrees to abide by the terms of investment as described in the current Private Placement Offering Memorandum and Disclosure Document of
the Partnership (the “Memorandum”) and the Amended and Restated Limited Partnership Agreement, as amended and/or supplemented to date (the “Limited Partnership Agreement”), relating to and describing the terms and conditions of
the private placement of units of limited partnership interest (the “Units”). The Subscriber hereby acknowledges that no person is authorized by the Partnership or the General Partner to give any information or to make any statement not
contained in the Memorandum or the Limited Partnership Agreement, and that any information or statement not contained in the Memorandum or the Limited Partnership Agreement has not been relied upon or acted upon by the Subscriber in formulating a
decision to invest in the Partnership. The Subscriber understands the investment objectives, policies and strategies of, and any strategies that may be pursued by, the Partnership. The Subscriber represents that an investment in the Partnership in
the amount subscribed, despite its substantial risk, is suitable and appropriate for it given the Subscriber’s investment objectives and purposes, cash flow requirements, risk tolerance, other holdings and financial situation and needs, and the
Subscriber understands that an investment in the Partnership is speculative and may result in the complete loss of the Subscriber’s investment, which the Subscriber can afford. The Subscriber represents that it is in compliance with all federal
and state regulatory requirements, including those of the Commodity Futures Trading Commission (the “CFTC”), applicable to this investment. Furthermore, the 

  
 Subscription Agreement



  
 1 








 
Subscriber has carefully reviewed and understands the various risks of an investment in the Partnership, including those summarized under “Risks You Face” and “Conflicts of
Interest” in the Memorandum. The Subscriber represents that the Partnership has made available to it, prior to the date hereof, the opportunity to ask questions of, and to receive answers from, the General Partner or its affiliates or
representatives (including, the Trading Advisor and the Administrator), concerning the terms and conditions of the offering and other matters pertaining to an investment in the Partnership, and has afforded the Subscriber access to obtain any
information, documents, financial statements, records and books (i) relating to the Partnership, its business, the offering and an investment in the Partnership, (ii) necessary to verify the accuracy of any other information, documents,
financial statements, records and books furnished in connection with the offering, (iii) necessary to evaluate the merits and risks of an investment in the Partnership and (iv) the General Partner can acquire without unreasonable effort or
expense. All materials and information requested by the Subscriber, including any information requested to verify any information furnished, has been made available and has been examined to the Subscriber’s satisfaction. 

(2) The Subscriber hereby irrevocably subscribes for Units to be a limited partner of the Partnership (a “limited partner”), subject to the
Limited Partnership Agreement, and agrees to contribute in cash (unless otherwise agreed by the General Partner) to the capital of the Partnership, the amount set forth on the signature page of this Subscription Agreement. Such amount shall be
payable in full in readily available funds by wire transfer to the bank account of the Partnership at least three business days prior to the proposed date of subscription. Furthermore, the Subscriber understands that this subscription is not binding
on the Partnership until accepted by the General Partner, and the subscription may be rejected, in whole or in part, by the General Partner in its absolute discretion. If and to the extent rejected, the Partnership shall, to the extent permitted by
law, return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Partnership and the Subscriber shall have no further obligation to each other hereunder. The Subscriber acknowledges and accepts that none
of the Partnership, the General Partner, the Trading Advisor, the Administrator nor their respective agents, affiliates or representatives shall be responsible for any lost profit, revenue or damages of any kind due to a delayed acceptance or
rejection of a subscription. 
 (3) The Subscriber understands that the General Partner intends to restrict investment in the Partnership to
purchasers who are “accredited investors” as defined in Regulation D of the Securities Act of 1933, as amended (the “Securities Act”). The Subscriber hereby represents that it and any other intended beneficial owner of the Units
is an “accredited investor” because each such beneficial owner satisfies at least one of the following categories of “accredited investor”: 
 INDIVIDUAL INVESTORS, IRAS AND GRANTOR TRUSTS THAT ARE NATURAL PERSONS 
 Please
check ALL applicable boxes below. (For the purposes of this section, “I” means the Subscriber if the Subscriber is the intended beneficial owner of the Units or any such intended beneficial owner.) 

 

	 ̈	I am a natural person whose individual net worth (or joint net worth together with my spouse) is in excess of $1,000,000. I understand that the term “net
worth” means the excess of total assets at fair market value, excluding the value of my primary residence, over total liabilities. In calculating net worth, I have not included as a liability any indebtedness that is secured by my
primary residence other than the amount of such indebtedness in excess of (i) the amount outstanding in the last 60 days preceding the date hereof, unless incurred as a result of the acquisition of such residence, and (ii) the estimated
fair market value of such residence. 


  
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	 ̈	I am a natural person and have had an annual individual income during the last two full calendar years in excess of $200,000 (or joint income together with my spouse in
excess of $300,000 for the last two full calendar years) and reasonably expect to have an annual income in excess of $200,000 (or joint income together with my spouse in excess of $300,000) during the current calendar year. 


 

	 ̈	I am an individual retirement account or a grantor trust and the owner of the individual retirement account or the grantor of the grantor trust is a natural person that
meets the requirements described above. (Additional information may be required in connection with a grantor trust’s investment.) 

 INVESTORS OTHER THAN INDIVIDUALS, INCLUDING TRUSTS, CORPORATIONS OR PARTNERSHIPS 

Please check ALL applicable boxes below. The Subscriber (including any intended beneficial owner of the Units) is: 

 

	 ̈	Any federally or state licensed “bank”, as defined in Section 3(a)(2) of the Securities Act, or any “savings and loan association” or other
institution as defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity. 

  

	 ̈	Any broker or dealer registered with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to Section 15 of the Securities Exchange Act of
1934 (the “Exchange Act”); any “insurance company” as defined in Section 2(a)(13) of the Securities Act. 

  

	 ̈	Any “investment company” registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), or a “business
development company” as defined in Section 2(a)(48) of that Act. 

  

	 ̈	Any “small business investment company” licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business
Investment Act of 1958. 

  

	 ̈	Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit
of its employees, if such plan has total assets in excess of $5,000,000. 

  

	 ̈	An employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), including an individual
retirement account, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of ERISA, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee
benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, investment decisions are made solely by persons participating in the investment that are accredited investors. 


 

	 ̈	Any private “business development company” as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended (the “Investment
Advisers Act”). 

  

	 ̈	Any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), corporation, Massachusetts or similar
business trust, limited liability company or partnership, not formed for the specific purpose of acquiring the Units, with total assets in excess of $5,000,000. 


  
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	 ̈	Any personal (non-business) trust, other than an employee benefit trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the
Units whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under Regulation D. 

  

	 ̈	Any trust that is an accredited investor because it is a revocable trust which may be amended or revoked at any time by the grantors thereof and all of the grantors are
accredited investors. 

  

	 ̈	Any entity in which all of the equity owners are accredited investors. 

 (4) Except as disclosed in the accompanying Subscriber Information Form, the Subscriber is acquiring the Units for its own account, as principal, for investment without any contract, undertaking or
arrangement with any person or entity to sell, transfer or grant participation rights with respect to any of its Units and not with a view to the resale or distribution of all or any part of such Units. 

(5) The Subscriber acknowledges and agrees that any amounts paid to the Subscriber from the Partnership will be paid to the same account from which its
subscription funds were originally remitted, or, if the General Partner agrees, to another account in the name of the Subscriber. 
 (6) Units
were not offered to the Subscriber by means of any general solicitation or general advertising by the General Partner or any person acting on its behalf, including, without limitation, (i) any advertisement, article, notice or other
communication published in any newspaper, magazine, internet website or similar media or broadcast over television or radio, or (ii) any seminar or meeting to which the Subscriber was invited by any general solicitation or general advertising.

 (7) The Subscriber has carefully considered the amount that it is proposing to invest in the Partnership. The subscription amount listed on
the signature page, together with any other investments that the Subscriber has made in the Partnership, is either: (i) no more than 10% of the Subscriber’s net worth; or (ii) more than 10% of the Subscriber’s net worth, but
(a) the Subscriber has adequate means of providing for its current needs and contingencies, has no need for liquidity of this investment or need to dispose of Units to satisfy an existing or contemplated indebtedness or undertaking, and the
Subscriber understands the illiquid nature of an investment in the Partnership and has the financial ability to bear the economic risk of this investment; and (b) the Subscriber acknowledges that meeting the criteria to be permitted to invest
in the Partnership in no way implies that such investment is appropriate for the Subscriber. 
 (8) If the Subscriber is subscribing on its own
behalf and is a natural person, the Subscriber represents that it (i) is of legal age to execute this Subscription Agreement, (ii) is legally competent and authorized to execute, deliver and perform this Subscription Agreement, including
the power of attorney discussed in the “Power of Attorney and Governing Law” section on page 17, and the Limited Partnership Agreement and (iii) is qualified to become a limited partner in the Partnership. 

(9) The Subscriber represents that (i) it is a U.S. resident or a U.S. citizen; or (ii) if the Subscriber is not a U.S. resident or U.S.
citizen, the Subscriber agrees to pay or reimburse the General Partner or the Partnership for any taxes, including, but not limited to, withholding tax imposed with respect to the Subscriber’s Units as further discussed below. If the Subscriber
is not a U.S. resident or U.S. citizen, please advise the General Partner. The Subscriber understands and acknowledges that, legislation known as the U.S. Foreign Account Tax Compliance Act, Sections 1471 through 1474 of the Code and the U.S.
Treasury Regulations thereunder (whether proposed, temporary or final), including any successor provisions, subsequent amendments and administrative guidance promulgated thereunder (or which may be promulgated in the future), any applicable
intergovernmental agreement (“IGA”) and related statutes, regulations or rules, and other guidance thereunder, any governmental authority pursuant to the foregoing 

  
 Subscription Agreement



  
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authorities, and any agreement entered into by or with respect to the Partnership (or any of its affiliates) (“FATCA”) and/or any similar automatic tax information exchange arrangements
impose or may impose a number of obligations on the Partnership (or any of its affiliates). In this regard: 
  

	 	(i)	The Subscriber acknowledges that the Partnership and its affiliates are required to comply with FATCA and similar automatic tax information arrangements, and that, in
order to comply with such requirements and to avoid the imposition of U.S. federal withholding tax, the Partnership, the General Partner and the Partnership’s and the General Partner’s agents and their affiliates, including, but not
limited to, the Trading Advisor and the Administrator, may, from time to time, (a) require further information and/or documentation from the Subscriber, which information and/or documentation may (x) include, but will not be limited to,
information and/or documentation relating to or concerning the Subscriber, its direct and indirect beneficial owners (if any), any such person’s identity, residence (or jurisdiction of formation) and income tax status, and (y) need to be
certified by the Subscriber, or an authorized signatory for such entity Subscriber, as applicable, under penalties of perjury, and (b) provide or disclose any such information and documentation to the U.S. Internal Revenue Service or other
governmental agencies of the United States, or to any applicable jurisdiction under the terms of a relevant IGA (including any implementing legislation enacted as a result thereof), and to certain withholding agents. 


 

	 	(ii)	The Subscriber agrees that it shall provide such information and/or documentation concerning itself and its direct and indirect beneficial owners (if any), as and when
requested by the Partnership, the General Partner or any of the Partnership’s or the General Partner’s agents, as any such person, in its sole discretion, determines is necessary or advisable for the Partnership (or any of its affiliates)
to comply with its obligations under FATCA. 

  

	 	(iii)	The Subscriber agrees to waive any provision of law of any non-U.S. jurisdiction that would, absent a waiver, prevent compliance with FATCA by the Partnership or any
affiliate thereof, including, but not limited to, its provision of any requested information and/or documentation. 

  

	 	(iv)	The Subscriber acknowledges that if it does not timely provide and/or update the requested information and/or documentation or waiver (each, a “FATCA Compliance
Failure”), as applicable, the Partnership may, at its sole discretion and in addition to all other remedies available at law or in equity, at such time or times redeem all or a portion of the Subscriber’s Units or investment (pursuant to
the terms of the Limited Partnership Agreement), prohibit in whole or part the Subscriber from participating in additional investments of the Partnership and/or deduct from the Subscriber’s account and retain amounts sufficient to indemnify and
hold harmless the Partnership, the General Partner and any of the Partnership’s agents (including, but not limited to, the Trading Advisor and the Administrator), or any other investor, or any partner, member, shareholder, director, manager,
officer, employee, delegate, agent, affiliate, executor, heir, assign, successor or other legal representative of any of the foregoing persons, from any and all withholding taxes, interest, penalties, cost, expenses and other losses or liabilities
suffered by any such person or persons on account of a FATCA Compliance Failure; provided that the foregoing indemnity shall be in addition to and supplement any other indemnity provided under this Subscription Agreement. 


  
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	 	(v)	To the extent that the Partnership, the General Partner and any of the Partnership’s agents, or any other subscriber/investor, or any partner, member, shareholder,
director, manager, officer, employee, delegate, agent, affiliate, executor, heir, assign, successor or other legal representative of any of the foregoing persons suffers any withholding taxes, interest, penalties and/or other expenses and costs on
account of the Subscriber’s FATCA Compliance Failure, (a) the Subscriber shall promptly pay upon demand by or on behalf of the Partnership to the Partnership or, at the Partnership’s direction, to any of the foregoing persons, an
amount equal to such withholding taxes, interest, penalties and other expenses and costs, or (b) the Partnership may reduce the amount of the next distribution or distributions which would otherwise have been made to the Subscriber or, if such
distributions are not sufficient for that purpose, reduce the proceeds of liquidation otherwise payable to the Subscriber by an amount equal to such withholding taxes, interest, penalties and other expenses and costs. 


 

	 	(vi)	The Subscriber acknowledges that the General Partner, in consultation with the Trading Advisor, will determine in its sole discretion, whether and how to comply with
FATCA, and any such determinations shall include, but not be limited to, an assessment of the possible burden to investors, the Partnership, the General Partner and the Administrator of timely collecting information and/or documentation.


  

	 	(vii)	The Subscriber acknowledges and agrees that it shall have no claim against the Partnership, the General Partner and any of the Partnership’s agents (including, but
not limited to, the Trading Advisor and the Administrator), or any other investor, or any partner, member, shareholder, director, manager, officer, employee, delegate, agent, affiliate, executor, heir, assign, successor or other legal representative
of any of the foregoing persons, for any damages or liabilities attributable to any FATCA compliance related determinations pursuant to this Section (vii); provided that the foregoing indemnity shall be in addition to and supplement any other
indemnity provided under this Subscription Agreement. 

 (10) The Subscriber acknowledges and agrees that Units in the Partnership
will not be issued until such time as the General Partner and/or the Administrator has received and is satisfied with all the information and documentation requested to verify the Subscriber’s identity. Where at the sole discretion of the
Partnership, Units are issued prior to the General Partner and/or the Administrator having received all the information and documentation required to verify the Subscriber’s identity, the Subscriber will be prohibited from redeeming any Units
so issued, and the Partnership and the Administrator on its behalf reserve the right to refuse to make any redemption payment or distribution to the Subscriber, until such time as the General Partner and/or the Administrator, as applicable, has
received and is satisfied with all the information and documentation requested to verify the Subscriber’s identity. 
 (11) The Subscriber
agrees to provide the General Partner and/or the Administrator with any additional tax information or documentation that the General Partner or the Administrator believes is required or will enable it, the Partnership or any subsidiary of the
foregoing to comply with or mitigate any of their respective tax reporting, tax withholding and/or tax compliance obligations, or which may arise as a result of a change in law or in the interpretation thereof. 

(12) The Subscriber understands that Akin Gump Strauss Hauer & Feld LLP (“Akin Gump”) acts as U.S. counsel to the Partnership, the
General Partner, the Trading Advisor and their affiliates. The Subscriber also understands that, in connection with this offering of Units and ongoing advice to the Partnership, the General Partner, the Trading Advisor and their affiliates, Akin
Gump will not be representing investors in the Partnership, including the Subscriber, and no independent counsel has been 

  
 Subscription Agreement



  
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retained to represent investors in the Partnership. In addition, Akin Gump does not undertake to monitor the compliance of the Trading Advisor and its affiliates with the investment program and
other guidelines set forth in the Memorandum, nor does Akin Gump monitor compliance with applicable laws. In preparing the Memorandum, Akin Gump relied on information furnished to it by the Partnership and/or the Trading Advisor, and did not
investigate or verify the accuracy or completeness of the information set forth therein concerning the Partnership, the General Partner, the Trading Advisor and their affiliates and personnel. 

(13) If the undersigned is subscribing in a representative capacity for a Subscriber that is a corporation, partnership, limited liability company, trust
or other entity, the undersigned has full power and have been duly authorized by such Subscriber to make this investment and execute, enter into and be bound by this valid Subscription Agreement, including the power of attorney set forth in the
“Power of Attorney and Governing Law” section on page 17, on behalf of the Subscriber for which the undersigned is purchasing the Units. The Subscriber represents that it is authorized and qualified to purchase the Units; to enter into and
be bound by this Subscription Agreement; to become a limited partner of the Partnership; to make capital contributions to the Partnership; and otherwise to comply with its obligations under the Limited Partnership Agreement. The undersigned further
acknowledges that such Subscriber has been duly organized and is validly existing and is in good standing in the jurisdiction of its formation and will, upon request of the General Partner, deliver any documents, including an opinion of counsel to
the Subscriber, evidencing the existence of the Subscriber, the legality of an investment in the Partnership and the undersigned’s authority to execute this Subscription Agreement on the Subscriber’s behalf. This Subscription Agreement,
including the power of attorney, has been duly executed and delivered on behalf of the Subscriber and is the valid and binding agreement of the Subscriber and is enforceable against such Subscriber in accordance with its terms. In the
undersigned’s representative capacity, the undersigned has determined that an investment by the Subscriber in the Partnership (i) is consistent with the investment objectives, (ii) is in the best interests of, and (iii) is within
the risk tolerance and cash flow requirements of such Subscriber and will not adversely affect the Subscriber’s overall need for diversification and liquidity. The Subscriber has also satisfied any additional due diligence obligations it may
have to its beneficiaries or beneficial owners. 
 (14) If the Subscriber is subscribing for Units as a record owner in its capacity as agent,
representative or nominee on behalf of one or more beneficial owners, it agrees that the representations, warranties and covenants made in this Subscription Agreement are made by it on behalf of itself and the beneficial owner(s). 

(15) The purchase of Units hereunder and the compliance by a Subscriber with all of the provisions of this Subscription Agreement and the Limited
Partnership Agreement applicable to such Subscriber, and the consummation by such Subscriber of the transactions herein and therein contemplated, will not (i) conflict with or result in a breach or violation of any of the terms or provisions
of, or constitute a default under, any statute, indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which such Subscriber is a party or by which such Subscriber is bound or to which any of the property or assets of
such Subscriber is subject, nor (ii) will such action result in a violation of (x), if such Subscriber is an entity, the provisions of the organizational documents of such Subscriber or (y) any statute applicable to such Subscriber or any
order, rule or regulation of any court or governmental agency or body having jurisdiction over such Subscriber or the property of such Subscriber. 
 (16) If the undersigned is subscribing for joint Subscribers or a Subscriber that is a community property account, the undersigned has full power and authority to purchase Units and enter into and be
bound by this Subscription Agreement on behalf of the joint Subscribers or the Subscriber that is a community property account and will execute the signature page with the signatures of both spouses, in the case of a community property account.


  
 Subscription Agreement



  
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 (17) The Subscriber has carefully reviewed and understands the fees and other expenses that are directly and
indirectly assessed against the Partnership, as set forth in the “Fees, Compensation, Expenses and Interest Income” section, as well as other sections, of the Memorandum. The Subscriber further acknowledges that the Partnership pays an
ongoing selling agent fee (as discussed in the Memorandum) to Robert W. Baird & Co. Incorporated (“Baird”), a selling agent of the Partnership, and any other selling/services agents currently retained or retained in the future, as
applicable. Baird and any other such selling/services agents may pay a substantial portion of the ongoing selling agent fee to their affiliated financial advisors and/or private wealth advisors. The Subscriber also understands that the Partnership
is subject to conflicts of interest as discussed in the “Conflicts of Interest” section in the Memorandum. The Subscriber hereby consents and agrees to the payment of the fees and other compensation so described to the parties identified
as the recipients thereof and to such conflicts. The Subscriber is satisfied that it has received adequate disclosure from the General Partner to enable the Subscriber to understand and evaluate the compensation and other terms of the Limited
Partnership Agreement and the risks associated therewith. The Subscriber covenants not to object to or bring any proceedings against the General Partner, the Trading Advisor or any of their respective affiliates or representatives for any such
conflicts of interest, provided that such parties comply with the appropriate standard of liability as set forth in the Limited Partnership Agreement or any other relevant controlling agreement. The Subscriber acknowledges and agrees to the terms of
the customer agreements with any current and future futures commission merchants and the applicable selling/services agreements with the selling/services agents, and to the payment of any fees as described in the Memorandum. 

(18) The Subscriber agrees that neither this Subscription Agreement, nor any of the Subscriber’s rights, interest or obligations hereunder, is
transferable or assignable by the Subscriber. Furthermore, the Subscriber understands that the Units are illiquid, other than through redemption from the Partnership as provided in the Limited Partnership Agreement. The Units have no current
secondary market and one is not expected to develop. The Subscriber may be holding such Units for an indefinite period of time and can afford to do so. The Units have not been registered, and the Partnership has no intention or obligation to
register them, under the Securities Act or any similar state law, and the Partnership itself is not registered under the Investment Company Act. The Units and any beneficial interest therein cannot be transferred, sold, pledged or assigned, except
in certain limited circumstances set forth herein, and only with notice to the General Partner, as set forth in the Limited Partnership Agreement. The Subscriber has no present plan to transfer, sell, assign or pledge its Units and it agrees to
notify the General Partner prior to any proposed sale, transfer, distribution or other disposition of the Units or any beneficial interest therein (including, without limitation, by pledge, option, swap or nominee or similar relationship, and
further including, without limitation, the offering or listing of any Units on or through any placement agent, intermediary, online service, site, agent or other similar person, service or entity). The Subscriber understands that it must bear the
economic risk of its investment in the Partnership for an indeterminable period of time because the offering has not been registered under the Securities Act. The Subscriber further understands that the Units cannot be offered or sold unless they
are subsequently registered under the Securities Act or an exemption from such registration is available, and the Partnership has no obligation to assist the Subscriber in obtaining or complying with any exemption from registration. The Subscriber
acknowledges that the admission of a transferee as a substituted limited partner requires (i) the consent of the General Partner, which consent may be withheld only for the purpose of preserving the Partnership’s tax status or to avoid
adverse legal consequences to the Partnership, and (ii) the execution of a power of attorney, as set forth in this Subscription Agreement. However, the Subscriber agrees that no transfer may be made that results in either the transferee or the
transferor holding fewer than three Units. Any transfer or assignment in violation of this Subscription Agreement or the Limited Partnership Agreement shall be null and void ab initio. The Subscriber further acknowledges that the General Partner may
in its absolute discretion require any limited partner to redeem all or part of his/her Units, upon 10 days’ notice to such limited partner. 

  
 Subscription Agreement



  
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 (19) The Subscriber, or the advisor or consultant relied upon by such Subscriber in reaching a decision to
subscribe, has such knowledge and experience in financial, tax and business matters that the Subscriber or such advisor or consultant is capable of evaluating the merits and risks of an investment in the Units (including, the risks set forth in the
Memorandum) and is able to make an informed investment decision. The Subscriber has made its own investment decision, including decisions regarding suitability of the investment based on its own judgment or, to the extent the Subscriber has found it
necessary in relation to this investment, the Subscriber has been represented by such legal and tax counsel and others it has selected. The Subscriber is not relying on the Partnership, the General Partner, the Trading Advisor or any of their
affiliates or representatives with respect to any legal, tax or economic considerations relating to its investment decision and, with respect to the tax aspect of the Subscriber’s investment, the Subscriber is relying upon the advice of its own
personal tax advisors and upon its knowledge with respect thereto. The Subscriber further understands that the only disclosures for which the Partnership, the General Partner, the Trading Advisor or any their respective affiliates, as applicable,
accepts any responsibility relating to the Subscriber’s investment are those set forth in the Memorandum and the Limited Partnership Agreement. 
 (20) The Subscriber understands the meaning and legal consequences of the representations, warranties, agreements, covenants and confirmations set out herein and agrees that the subscription made hereby,
if accepted by the General Partner, will be accepted in reliance thereon. The Subscriber expressly consents to the General Partner, the Trading Advisor and the Administrator accepting and executing any instructions transmitted in written form,
facsimile form or by other electronic means in respect of an investment in the Partnership to which this application relates (including, without limitation, redemption requests). If instructions are given by the Subscriber in facsimile form or by
other electronic means, the Subscriber undertakes to send the original letter of instructions to the Partnership and the Administrator and hereby agrees to hold harmless and indemnify each of the Indemnified Persons (as defined below), the
Administrator and any of its employees and agents against any loss of any nature whatsoever arising to any of them as a result of any of them acting upon such instructions submitted by facsimile or by other electronic means, including e-mail. The
Subscriber agrees that each of the Partnership, the General Partner, the Trading Advisor and their respective affiliates, and the partners, managers, officers, directors, members, equity holders, stockholders, other beneficial owners, employees or
other applicable representatives of any of the foregoing (collectively, the “Indemnified Persons”), and each of the Administrator and any of its employees and agents, may rely conclusively upon and shall incur no liability (i) in
respect of any action taken upon any notice, consent, request, instructions or other instrument believed, in good faith, to be genuine or to be signed by properly authorized persons on the Subscriber’s behalf, including any document transmitted
in a manner consistent with the notice section herein, (ii) for adhering to applicable anti-money laundering obligations whether now or hereinafter in effect or (iii) for any loss arising from the non-receipt of any instructions relating
to the Subscriber’s Units delivered by facsimile or other electronic means. Each Indemnified Person and each of the Administrator and any of its employees and agents shall be allowed such amount of time to act on and implement any instructions
as may be reasonable having regard to their systems and operations and any other circumstances then prevailing and shall not be liable for any loss arising from any delay in acting on any instruction. 

(21) The Subscriber agrees to indemnify and hold harmless each of the Indemnified Persons from and against any and all direct and consequential losses,
damages, liabilities, costs or expenses (including reasonable costs and attorneys’ and accountants’ fees and disbursements) whether incurred in an action between the parties hereto or otherwise or resulting from any unsuccessful proceeding
or other action brought by the Subscriber against any of the foregoing relating to the Partnership or the offering of the Units (collectively, the “Losses”), which any of the Indemnified Persons may incur by reason of or in connection with
any representation or warranty made in this Subscription Agreement (or in the 

  
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accompanying Subscriber Information Form) not having been true, correct and complete when made, any misrepresentation made by the Subscriber or any failure by the Subscriber to fulfill any of the
covenants or agreements set forth herein, in the Subscriber Information Form or in any other document provided by the Subscriber to the Partnership. The Subscriber also agrees that it will indemnify and hold harmless each of the Indemnified Persons
for any Losses each such entity may incur in connection with the Subscriber’s failure to comply with any applicable law, rule or regulation (including anti-money laundering laws and regulations) having application to such Indemnified Person.

 (22) Except as otherwise indicated in the Subscriber Information Form, the Subscriber hereby agrees to receive and accept reports and
communications indefinitely from the Partnership, the Administrator and the General Partner exclusively via e-mail to the e-mail address set forth in the Subscriber Information Form unless the Subscriber notifies the General Partner or the
Administrator in writing that the Subscriber wishes to receive reports to either another e-mail address, or alternatively, via regular mail in lieu of e-mail. If instructions are given by the Subscriber via e-mail, the Subscriber agrees to indemnify
each Indemnified Person and each of the Administrator and any of its employees and agents against any loss of any nature whatsoever arising to any of them as a result of any of them acting upon instructions submitted by facsimile or by other
electronic means. 
 (23) The Subscriber agrees to provide, if requested, any additional information and representations that may reasonably be
required to substantiate the Subscriber’s status as an “accredited investor” or to otherwise determine its eligibility to purchase Units, including, but not limited to, (i) financial statements, tax returns, bank and brokerage
statements and similar documentation, or (ii) a verification of accredited investor status by a third party verification agent that is acceptable to the General Partner. The Subscriber agrees to provide any additional information and execute
any additional documents as may reasonably be required in connection with any subscription, credit facility or other similar borrowing arrangement by the Partnership or any lender named in the credit facility or similar lending arrangement.
Furthermore, the Subscriber agrees to give the Partnership prompt written notice in the event that any tax statement, certification, representation, warranty or other information provided by the Subscriber herein or in any document required to be
provided under this Subscription Agreement (including, without limitation, any forms W-9 and/or W-8) ceases to be true at any time following the date hereof. For so long as the Subscriber is a limited partner, it hereby agrees to provide any revised
or updated information necessary to cause the Subscriber Information Form and the Subscription Agreement to remain true and correct, as soon as practicable upon the Subscriber becoming aware that any such change or revision is necessary, including
with respect to its bad actor disqualification representations in number (38) and with respect to any tax statements, certifications, representations, warranties or covenants made hereunder (including, without limitation, any forms W-9 and/or
W-8). 
 (24) The Subscriber consents to the Partnership, the General Partner, the Trading Advisor, the Administrator and each of their
respective affiliates sharing with each other, and with any other service provider, governmental authority, self-regulatory organization or any other person (to the extent required by law or deemed, subject to applicable law, by the General Partner
to be in the best interest of the Partnership) any information provided by the Subscriber to the Partnership to enable the Partnership, the General Partner, the Trading Advisor, the Administrator and each of their respective affiliates to comply
with any laws, rules, regulations and ordinances established by any law or regulatory agency (including any self-regulatory organization) to which the Partnership, the General Partner or the Trading Advisor is subject. 

(25) The Subscriber hereby represents and agrees that the name, address, ownership capacity and all other information provided by the Subscriber, or the
undersigned on behalf of the Subscriber, in this Subscription Agreement, and in the Subscriber Information Form, relating to its subscription for Units in the Partnership is true, correct, accurate and complete as of the date hereof, and will be
relied upon by the 

  
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Partnership and the General Partner for purposes of determining the Subscriber’s eligibility to purchase and own Units in the Partnership. The Subscriber further represents and agrees that
all representations, warranties and statements made by the Subscriber, or the undersigned on behalf of the Subscriber, in this Subscription Agreement are correct and complete as of the date of this Subscription Agreement and will be relied upon by
the Partnership, the General Partner, the Trading Advisor and their respective affiliates on an ongoing basis. The Subscriber agrees that it will promptly notify the General Partner and furnish revised or corrected information if any representation,
warranty or statement in this Subscription Agreement, or any information provided in the Subscriber Information Form, becomes incomplete, untrue, inaccurate, misleading or requires updating at any time, or has undergone any material change.

 (26) The Subscriber represents that none of the Subscriber’s subscription funds consist of “Proceeds of Municipal Securities6” or “Municipal Escrow Investments7.” 
 Additional Representations and Warranties Regarding Anti-money Laundering: 
 (27) The
Subscriber represents and warrants that: it is not (i) a “Prohibited Investor” which includes: (a) an individual, entity or organization that is the subject of any sanctions administered or enforced by the U.S. Department of the
Treasury’s Office of Foreign Assets Control (“OFAC”), as amended from time to time, or that is located in, organized under the laws of, a citizen or resident of, or the government of a country or territory that is the subject of
comprehensive country sanctions imposed by OFAC, as such sanctions may be updated from time to time; (b) a foreign shell bank8; and (c) a person or entity resident in or whose subscription funds are transferred from or through a jurisdiction
identified as non-cooperative9 by the Financial Action
Task Force on Money Laundering (“FATF”)10;
(ii) a senior foreign 
  

	6 	“Proceeds of Municipal Securities” are any of the following: (i) monies derived by a municipal entity from the sale of municipal securities;
(ii) investment income derived from the investment or reinvestment of the monies in (i); (iii) any monies of a municipal entity or obligated person, such as a guarantor, held in funds under legal documents for the municipal securities that
are reasonably expected to be used as security or a source of payment for the payment of the debt service on the municipal securities, including, reserves, sinking funds and pledge funds created for such purposes; and (iv) the investment income
derived from the investment or reinvestment of monies in such funds. A “municipal entity” is any state, a political subdivision thereof or municipal corporate instrumentality of the above, including (i) any agency, authority or
instrumentality of the above, (ii) any plan, program or pool of assets sponsored or established by the above and (iii) any other issuer of municipal securities. 


	7 	“Municipal Escrow Investments” are proceeds of municipal securities and any other funds of a political subdivision of a state or municipal corporate
instrumentality thereof, including any agent, plan or pool sponsored or established by such subdivision and any other issuer of municipal securities, or obligated person, such as a guarantor, that are deposited in an escrow account to pay the
principal of, premium, if any, and interest on one or more issues of municipal securities. 


	8 	A “foreign shell bank” is a foreign bank without a physical presence in any country. A “foreign bank” is an organization that (i) is organized
under the laws of a country outside the United States; (ii) engages in the business of banking; (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations;
(iv) receives deposits to a substantial extent in the regular course of its business; and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank. A “physical presence” is
a place of business that is maintained by a foreign bank and is located at a fixed address, other than solely a post office box or an electronic address, in a country in which the foreign bank is authorized to conduct banking activities, at which
location the foreign bank: (i) employs one or more individuals on a full-time basis, (ii) maintains operating records related to its banking activities and (iii) is subject to inspection by the banking authority that licensed the
foreign bank to conduct banking activities. For the purposes of this Subscription Agreement, a “foreign shell bank” does not include a “regulated affiliate,” which is a foreign shell bank that: (i) is an affiliate of a
depository institution, credit union, or foreign bank that maintains a physical presence in the U.S. or a foreign country, as applicable; and (ii) is subject to supervision by a banking authority in the country regulating such affiliated
depository institution, credit union, or foreign bank. 


	9 	A “non-cooperative jurisdiction” is any foreign country or territory that has been designated as non-cooperative with international anti-money laundering
principles or procedures by an intergovernmental group or organization, such as FATF, of which the United States is a member and with which designation the United States representative to the group or organization continues to concur. For
FATF’s list of non-cooperative countries and territories, see footnote 10. 


	10 	The current list of FATF member countries and territories may be found at http://www.fatf-gafi.org. 


  
 Subscription Agreement



  
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political figure11, an immediate family member of a senior foreign political
figure12 or a close associate of a senior foreign
political figure13 within the meaning of the USA Patriot
Act of 200114; or (iii) otherwise in violation of any
anti-money laundering laws. The Subscriber also represents and warrants that none of (i) each person controlling or controlled by the Subscriber; (ii) if the Subscriber is a privately held entity, each person holding a senior management
position or any beneficial equity interest in the Subscriber; (iii) any person for whom the Subscriber is acting as agent, representative or nominee in connection with this investment; (iv) any direct or indirect holder of any beneficial
interest in the Units; nor (v) if the Subscriber is an entity, any related person15, is any of the individuals or entities named in the foregoing sentence; is named on the U.S. Department of the Treasury’s Specially Designated Nationals and Blocked Persons List maintained by OFAC;
is a resident in, or organized or chartered under the laws of, a jurisdiction that has been designated by the Secretary of the Treasury under Section 311 or 312 of the USA PATRIOT Act as warranting special measures due to money laundering
concerns16; will originate subscription funds from, or
route them through, an account maintained at a foreign shell bank, offshore bank or a bank organized or chartered under the laws of a non-cooperative jurisdiction; or is otherwise subject to U.S. trade or economic sanctions administered by OFAC.

 (28) The Subscriber acknowledges that if, following the date of acceptance of its subscription, the General Partner reasonably believes that
the Subscriber is or has become a “Prohibited Investor,” or has otherwise breached the representations and warranties herein as to identity, the Partnership may be obliged to freeze its investment, require the Subscriber to immediately
redeem its investment (upon 10 days’ notice) or take such other action as the Partnership considers necessary or is required in accordance with applicable regulations. 
 (29) If the Subscriber is purchasing the Units as agent, representative or intermediary/nominee, or in any similar capacity for any other person or Subscriber entity, or are otherwise requested to do so
by the General Partner, the Subscriber, or the undersigned on behalf of the Subscriber, shall provide its anti-money laundering policies (“AML Policies”) to the General Partner. The Subscriber represents that (i) it is in compliance
with such AML Policies, (ii) the AML Policies have been approved by counsel or internal compliance personnel who have been reasonably informed of the legal requirements and best practices for anti-money laundering policies and their
implementation, and (iii) the Subscriber has not received a deficiency letter, negative report or any similar determination regarding the AML Policies from independent accountants, internal auditors or some other person responsible for
reviewing compliance with the AML Policies. 
  

	11 	A “senior foreign political figure” is defined as a current or former senior official in the executive, legislative, administrative, military or judicial
branches of a foreign government (whether elected or not), a current or former senior official of a major foreign political party, or a current or former senior executive of a foreign government-owned corporation. In addition, a “senior foreign
political figure” includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure. 


	12 	“Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings, spouse, children and in-laws. 


	13 	A “close associate” of a senior foreign political figure is a person who is widely and publicly known internationally to maintain an unusually close
relationship with the senior foreign political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of a senior foreign political figure. 


	14 	The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56 (2001).



	15 	With respect to any entity, interest holder, director, senior officer, trustee, beneficiary or grantor of such entity; provided that, in the case of an entity that is a
publicly traded company or a qualified plan, the term “related person” shall exclude any interest holder holding less than 5% of any class of securities of such publicly traded company and beneficiaries of such qualified plan. A
“publicly traded company” is an entity whose securities are listed on a recognized securities exchange or quoted on an automated quotation system in the U.S. or country other than a non-cooperative jurisdiction or a wholly-owned subsidiary
of such an entity. A “qualified plan” is a tax qualified pension or retirement plan in which at least 100 employees participate that is maintained by an employer that is organized in the U.S. or is a U.S. government entity.



	16 	The Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issues advisories regarding countries of primary money laundering concern.
FinCEN’s advisories are posted at http://www.fincen.gov/pub_main.html. 


  
 Subscription Agreement



  
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 (30) The Subscriber acknowledges that the Partnership and the General Partner are subject to legal and
regulatory requirements, such as, but not limited to, requirements relating to the prevention of money laundering or market abuses which may, in certain circumstances, require that they obtain the Subscriber’s information to comply with their
obligations or with inquiries or orders from regulators and other competent authorities. The Subscriber acknowledges that due to such anti-money laundering requirements operating within their respective jurisdictions, the Partnership, the General
Partner, the Trading Advisor and/or the Administrator (as the case may be) may require additional documentation before a subscription application or redemption request can be processed. Please be aware that the Subscriber’s failure to provide,
or a delay in providing, any such documentation may result in a delay of the Subscriber’s acceptance to the Partnership, cause the Subscriber’s subscription to be rejected entirely or delay the satisfaction of the Subscriber’s
redemption request, as applicable. The General Partner, the Trading Advisor and the Administrator shall be held harmless and indemnified against any loss arising as a result of any such delay or rejection due to the Subscriber’s failure to
provide, or delay in providing, any such requested information. Furthermore, the Subscriber agrees to promptly provide any additional documentation or information that the General Partner or the Administrator may request in the future to the extent
that the General Partner or the Administrator determines reasonably necessary in order to comply with applicable anti-money laundering laws or policies or any other applicable law, rule, regulation, order and ordinance to which the Partnership is or
may be subject. 
 Additional Representations and Warranties of Investor: 
 (31) The Subscriber represents and warrants that, except as it may disclose in writing to the General Partner, it is not subject to the Freedom of Information Act (5 U.S.C. Section 552), or any
similar open public records laws of any state, county, municipality or foreign government under which it is or may be compelled to disclose to the public any information regarding its investment in the Partnership or confidential information
relating to the Partnership, the General Partner, the Trading Advisor or the Administrator. 
 (32) The Subscriber agrees that the
representations and warranties in this Subscription Agreement may be used as a defense in any actions relating to the Partnership or the offering of the Units, and that it is only on the basis of such representations and warranties that the General
Partner and the Trading Advisor may be willing to accept the Subscriber’s subscription for Units. 

  
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 Additional Representations for Investors Other than Individuals Including Trusts, Corporations or
Partnerships: 
 (33) The Subscriber understands and is in compliance with the provisions of the Commodity Exchange Act (the
“CEA”) and the rules of the CFTC applicable to an investment in a collective investment vehicle, such as the Partnership, including, without limitation, the commodity pool operator registration requirements. If the Subscriber is an
investment fund or other collective investment vehicle, its commodity pool operator must be either (i) registered as such with the CFTC and be a member in good standing with the National Futures Association (“NFA”), or
(ii) excluded from the definition of “commodity pool operator,” exempt from such registration (i.e., outside the jurisdiction of the CFTC) or otherwise not required to be registered. The Subscriber represents that it will promptly
provide written notice to the General Partner in the event that its responses to the questions below should change while it continues to hold Units in the Partnership. Please answer the questions below, as applicable. 

(a) Is the Subscriber an investment fund or other collective investment vehicle17? 
  ̈  Yes    ̈  No (Please check one) 

(b) If you answered “YES” to (a) above, is the Subscriber’s commodity pool operator registered with the CFTC?

  ̈  Yes  
 ̈  No (Please check one) 
 (c) If you answered “YES” to
(b) above, please identify and provide the NFA identification number for each commodity pool 

			
	operator:	 	  



 
	
	
	  



 (d) If you answered “NO” to (b) above, please indicate by checkmark below the
exclusion or exemption relied upon by the Subscriber’s commodity pool operator for not registering with the CFTC. 
  

	 	 ̈	CFTC Rule 4.518 

  

	 	 ̈	CFTC Rule 4.13(a)(1) 

  

	 	 ̈	CFTC Rule 4.13(a)(2) 

  

	 	 ̈	CFTC Rule 4.13(a)(3) 

  

	 	 ̈	CFTC No-Action Letter 12-37 – Relief for family offices (if you check this box, please provide documentation supporting exemption) 


 

	 	 ̈	CFTC No-Action Letter 12-38 – Relief for funds-of-funds 

  

	 	 ̈	Outside of the CFTC’s jurisdiction (i.e., the Subscriber’s commodity pool operator is a non-U.S. entity with no place of business in the U.S., the Subscriber
is a non-U.S. entity, 

  

	17 	A collective investment vehicle is any entity, such as a partnership or corporation, in which investors pool funds to invest or trade, directly or indirectly, in
securities, commodities, other assets and/or their derivatives, generally under the management of a third party. 


	18 	You should check this box if you are an employee benefit plan that has filed to claim non-pool status under CFTC Rule 4.5. 


  
 Subscription Agreement



  
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the Subscriber has no U.S. investors and the Subscriber has no funds or other capital contributed from U.S. sources) (if you check this box, please provide supporting documentation)


  

	 	 ̈	Other (if you check this box, please explain the basis upon which the Subscriber’s commodity pool operator is not registered with the CFTC and provide supporting
documentation, if any) 

  

	
	  

	
	  

	
	  


 (e) Please provide the collective investment vehicle’s NFA identification number (if applicable).

  

			
	P	 	  


 Additional Representations and Warranties for Employee Benefit Plan and IRA Investors: 

(34) If the Subscriber is a “Benefit Plan Investor” (within the meaning of Section 3(42) of ERISA), the undersigned is a fiduciary (within
the meaning of ERISA) with respect to the Subscriber and the undersigned is responsible for purchasing the Units (or the fiduciary has reviewed and certifies the representations made hereunder and has signed to that effect on the Additional
Representation page attached), and such purchase is in accordance with ERISA requirements and will not constitute a prohibited transaction under ERISA or the Code. The term “Benefit Plan Investor” means (i) an employee benefit plan
subject to the provisions of Part 4 of Title I of ERISA, (ii) a plan or individual retirement account subject to Section 4975(e)(1) of the Code, or (iii) an entity whose underlying assets are deemed to include ERISA plan assets by
reason of investment in such entity by investors described in clauses (i) and/or (ii). The Subscriber is not a participant-directed defined contribution plan. The undersigned and the Subscriber understand that the General Partner in its sole
discretion may limit investments in the Partnership so that less than 25% of the Units of the Partnership are owned by Benefit Plan Investors, and the General Partner may require a Benefit Plan Investor to redeem its interest in the Partnership if
such 25% limit would be exceeded. 
 (35) If the Subscriber is a Benefit Plan Investor, the Subscriber also represents that either (i) or
(ii) as follows is true: 
 (i) neither the General Partner nor any of its affiliates (a) manages any part of the
Subscriber’s investment portfolio on a discretionary basis, (b) regularly gives investment advice for a fee with respect to the Subscriber’s assets, or (c) has an agreement or understanding, written or unwritten, with the
Subscriber under which it receives information, recommendations or advice concerning investments that are used as a primary basis for the Subscriber’s decisions, or under which the Subscriber receives individualized investment advice concerning
its assets; or 
 (ii) the Subscriber is independent of the General Partner, has studied the Memorandum and has made an
independent decision to make the investment solely on the basis of such Memorandum and without reliance on any other information or statements as to the appropriateness of the investment, and neither the General Partner nor its employees or
affiliates: (a) has exercised any investment discretion or control with respect to its investment; (b) has authority, responsibility to give or has given individualized investment advice with respect to its investment; or (c) is the
employer maintaining or contributing to the Subscriber. 

  
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 (36) If the Subscriber is a Benefit Plan Investor, it also represents that both (i) and (ii) as
follows are true: 
 (i) the plan’s investment in the Partnership does not violate and is not otherwise inconsistent with
the terms of any legal document constituting the plan or any trust agreement thereunder; and 
 (ii) the Subscriber will, at the
request of the Partnership, furnish the Partnership with such information as the Partnership may reasonably require to establish that the purchase of the Units by the plan does not violate any provision of ERISA or the Code, including without
limitation, those provisions relating to “prohibited transactions” by “parties in interest” or “disqualified persons” as defined therein. 
 (37) If the Subscriber is a benefit plan or retirement account that is not a “Benefit Plan Investor” as defined in number (34) above, such as a governmental plan, a non-U.S. benefit plan or
a church plan that is not subject to ERISA, this investment is in accordance with legal requirements applicable to the Subscriber. 
 Bad
Actor Disqualification: 
 (38) Choose one of the following. Failure to respond will result in the Subscriber’s subscription being
rejected. 
  

	 	 ̈	The Subscriber represents and warrants that it, and if it will not be the sole beneficial owner19 of its Units, any other person or entity that may be considered a beneficial owner of its Units (the “Beneficial
Owners”), is not subject to the “Bad Actor” disqualifications under Rule 506(d) of the Securities Act; that the representations in Annex I are true and correct with respect to the Subscriber, and any Beneficial Owners; that
there is no inquiry, investigation, proceeding, arbitration, indictment, charge or action pending against the Subscriber that could result in any of the disqualifying events under Rule 506(d) of the Securities Act (and thereby prevent the Subscriber
from making the representations in Annex I); that the Subscriber has no further information to report regarding the representations in Annex I with respect to it or any Beneficial Owners; and, if this Subscription Agreement is being
submitted on behalf of an entity, each person (whether an individual or an entity) that controls such entity (whether through ownership of voting securities or otherwise) and qualifies as a Beneficial Owner of such entity represents and warrants to
the foregoing. The Subscriber agrees that the foregoing representations and warranties (including the representations in Annex I) shall continue and that, if there is a change in circumstances that would result in a change in the
Subscriber’s confirmation of any of the foregoing matters, it will promptly notify the General Partner of such change. 

 or 
  

	 	 ̈	The Subscriber cannot confirm all of the representations in Annex I, but it (i) confirms that the Subscriber, and/or any Beneficial Owners, has
obtained a waiver from disqualification under Rule 506(d) either (a) from the SEC or (b) from the court or regulatory authority issuing the relevant order, judgment, decree, suspension, limitation, bar, expulsion, injunction or other such
disqualification and (ii) agrees to submit information about the relevant disqualifying event and evidence of the waiver to the General Partner together with this Subscription Agreement. 


 

	19 	For purposes of these representations, a “beneficial owner” is interpreted the same way as under Rule 13d-3 of the Exchange Act and means any person who,
directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, under Rule 13d-3 of the Exchange Act, has or shares, or is deemed to have or share: (i) voting power, which includes the power to vote, or to
direct the voting of, such security; (ii) investment power, which includes the power to dispose, or to direct the disposition of, such security; and/or (iii) any person that has the right to become a beneficial owner as described in
(i) or (ii) within 60 days, including through the exercise of an option, the termination of a contract or otherwise. 


  
 Subscription Agreement



  
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 If the Subscriber cannot confirm the matters in Annex I, please contact the General Partner with a
detailed explanation (including, (i) the date of the order, conviction, bar, suspension, expulsion or injunction, (ii) the nature of the offense or conviction (including whether it is a felony or misdemeanor), (iii) the sentence
received, (iv) the court or authority issuing the order or judgment or imposing the bar or suspension and (v) the dates for which the bar, suspension or expulsion is or will be in effect). Failure to respond will result in the
Subscriber’s subscription being rejected. If there is a change in circumstances that would result in a change in the Subscriber’s confirmation of any of the foregoing matters, please promptly notify the General Partner of such change.

 (39) The Subscriber acknowledges and agrees that to the extent that it cannot confirm the statements in Annex I (whether as of the date
of this Subscription Agreement or at any time in the future) and (i) the Subscriber holds, (ii) the Subscriber and any Affiliated Investor(s)20 hold in aggregate, (iii) the Partnership anticipates that the Subscriber will likely hold or (iv) the
Partnership anticipates that the Subscriber and any Affiliated Investor (s) will likely hold in aggregate, 20% or more of the Partnership’s outstanding Units (the “20% Threshold”), the Partnership may compulsorily redeem the
Subscriber’s Units (upon 10 days’ notice) in an amount such that (i) the Subscriber’s Units or (ii) the Subscriber’s and Affiliated Investor Units, in aggregate, will not equal or exceed the 20% Threshold. 

 
  
 ACCEPTANCE OF THE LIMITED PARTNERSHIP AGREEMENT 
  

 
 The Subscriber agrees
that as of the date that its name is entered on the books of the Partnership, it shall become a limited partner of the Partnership. The Subscriber also joins in and agrees to be bound by each and every term of the Limited Partnership Agreement of
the Partnership as if it signed that Limited Partnership Agreement. The Subscriber further agrees that it will not be issued a certificate evidencing the Units that it is purchasing, but that the Subscriber will receive a trade confirmation from the
Administrator on behalf of the Partnership that indicates its acceptance into the Partnership. 
  

 
 POWER OF ATTORNEY AND GOVERNING LAW

  
  

Subject only to the acceptance of this Subscription Agreement by the General Partner, the Subscriber hereby irrevocably constitutes and
appoints Warrington GP, LLC, the general partner of the Partnership (in addition to and not by way of limitation of the Power of Attorney, as defined and discussed in the Limited Partnership Agreement), acting through any of its authorized partners,
members or officers, as the Subscriber’s true and lawful attorney-in-fact, with full power of substitution and re-substitution, to have full power and authority to act in the Subscriber’s name, place and stead and on its behalf:
(i) to do all things necessary to admit the Subscriber as a limited partner of the Partnership; (ii) to admit others as additional or substituted limited partners of the Partnership, so long as such admission is in accordance with the
terms of the Limited Partnership Agreement and any amendment thereto; (iii) to 
  

	20 	“Affiliated Investor” means any investor in the Partnership who would be deemed to be a “beneficial owner” (see footnote 19) with respect to the
Units held by the Subscriber or would have an indirect beneficial owner in common. 


  
 Subscription Agreement



  
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file, prosecute, defend, settle or compromise any and all actions at law or suits in equity for or on behalf of the Partnership in connection with any claim, demand or liability asserted or
threatened by or against the Partnership; and (iv) to make, execute, sign, acknowledge, swear to, verify, deliver, file and record on the Subscriber’s behalf and, as necessary, in the appropriate public offices, publish: (a) the
Limited Partnership Agreement, the certificate of limited partnership and all amendments thereto permitted by the terms thereof; (b) all instruments that the General Partner deems necessary or appropriate to reflect any amendment, change or
modification of the Limited Partnership Agreement or the certificate of limited partnership made in accordance with the terms of the Limited Partnership Agreement; (c) certificates of assumed name; and (d) all other instruments, documents
and certificates that the General Partner deems necessary or appropriate for the operation of the Partnership, as contemplated by the Limited Partnership Agreement. The Subscriber agrees to be bound by any representation made by the General Partner
or any successor thereto acting in good faith pursuant to this power of attorney. 
 The Subscriber is aware that the terms of
the Limited Partnership Agreement permit certain amendments to the Limited Partnership Agreement to be effected and certain other actions to be taken or omitted by or with respect to the Partnership without the Subscriber’s consent. 

The power of attorney granted herein shall be irrevocable and deemed to be a power coupled with an interest and shall survive and not be
affected by the Subscriber’s death, incapacity, disability, dissolution, liquidation or termination. 
 The Subscriber
agrees to hold the General Partner harmless from any liability, damages or loss that it sustains from the General Partner’s action or failure to act pursuant to this power of attorney, except to the extent such losses, liability or damages are
directly caused by the negligence or misconduct of the General Partner as set forth in the Limited Partnership Agreement. 
  

 
 MISCELLANEOUS 

 
  
 Governing Law. The validity and construction of this Subscription Agreement is governed by, and construed in accordance with, the laws of the State of New York (without regard to any conflict of
law principles); provided, however, that causes of action for violations of federal or state securities laws shall not be governed by this Subscription Agreement. 
 ANY ACTION OR PROCEEDING RELATING IN ANY RESPECT TO THIS SUBSCRIPTION AGREEMENT, THE OPERATION OF THE PARTNERSHIP OR THE OFFERING OF THE UNITS AGAINST THE SUBSCRIBER, THE PARTNERSHIP OR THE GENERAL
PARTNER MAY BE BROUGHT AND ENFORCED IN THE COURTS OF THE CITY, COUNTY AND STATE OF NEW YORK OR (TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFORE) IN THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND THE SUBSCRIBER,
THE GENERAL PARTNER AND THE PARTNERSHIP IRREVOCABLY SUBMIT TO THE JURISDICTION OF BOTH SUCH STATE AND FEDERAL COURTS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. THE SUBSCRIBER, THE GENERAL PARTNER AND THE PARTNERSHIP IRREVOCABLY WAIVE ANY OBJECTION
THAT THE SUBSCRIBER OR THEY MAY NOW OR HEREAFTER HAVE TO LAYING THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN THE COURTS OF THE CITY, COUNTY AND STATE OF NEW YORK OR IN THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
CLAIM THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

  
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 THE SUBSCRIBER HEREBY IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY
CLAIM AGAINST THE PARTNERSHIP AND THE GENERAL PARTNER RELATING IN ANY RESPECT TO THIS SUBSCRIPTION AGREEMENT, THE OPERATION OF THE PARTNERSHIP AND THE OFFERING OF THE UNITS. 

THE SUBSCRIBER HEREBY AGREES THAT SERVICE OF PROCESS MAY BE EFFECTED IN THE SAME MANNER AS NOTICES ARE GIVEN PURSUANT TO THE NOTICE
SECTION BELOW. 
 Equitable Relief. The Subscriber agrees that the Partnership, the General Partner and their
affiliates would be subject to irreparable injury as a result of any breach by the Subscriber of any of the representations, warranties, acknowledgements, covenants or agreements set forth in this Subscription Agreement, and that monetary damages
would not be sufficient to compensate or make whole the Partnership, the General Partner and their affiliates for any such breach. Accordingly, the Subscriber agrees that the Partnership and the General Partner, separately or together, shall be
entitled to equitable and injunctive relief (in addition to any other remedy to which it may be entitled at law or in equity), on an emergency, temporary, preliminary and/or permanent basis, so as to prevent any such breach, threatened breach or the
continuation thereof and shall be entitled to enforce the provisions hereunder without bond or other security being required. The rights and remedies hereunder are cumulative and in addition to any other rights and remedies otherwise available at
law or in equity. Nothing herein will be considered an election of remedies or a waiver of the right to pursue any other right or remedy to which a party may be entitled. 
 Survival; Legal Effect. 
 (i) The Subscriber agrees that all
representations, warranties, agreements, covenants, indemnities, confirmations and tax certifications set forth in this Subscription Agreement shall, in pertinent part, survive the acceptance of this Subscription Agreement, the closing of this
subscription, the issuance of Units, the death or legal disability of the Subscriber, any subsequent redemption from the Partnership by the Subscriber and the dissolution of the Partnership. Furthermore, the Subscriber agrees that, except as
permitted by applicable law, it may not cancel, terminate or revoke this Subscription Agreement or any agreement of the Subscriber made hereunder. 
 (ii) This Subscription Agreement shall be binding upon the Subscriber to the extent set forth herein prior to acceptance of the Subscriber as a limited partner and, if accepted, on the Subscriber and the
General Partner, its affiliates, and shall inure to the benefit of the Subscriber, the General Partner, its affiliates and the Partnership. 
 Severability. In the event that any provision of this Subscription Agreement is held to be invalid or unenforceable in any jurisdiction, such provision shall be deemed modified to the minimum
extent necessary so that such provision, as so modified, shall no longer be held to be invalid or unenforceable. Any such modification, invalidity, or unenforceability shall be strictly limited both to such provision and to such jurisdiction, and in
each case to no other. Furthermore, in the event of any such modification, invalidity or unenforceability, this Subscription Agreement shall be interpreted so as to achieve the intent expressed herein to the greatest extent possible in the
jurisdiction in question and otherwise as set forth herein. 
 Counterparts; Facsimiles and Electronic Copies. The
signature pages may be executed in one or more counterparts, together shall constitute the same document. It is the General Partner’s policy to require submission of manually executed, original copies of this Subscription Agreement. The
Subscriber should first send a copy via e-mail to the e-mail address listed on the Subscriber Information Form, with the originals to follow to the Administrator’s address also listed on the Subscriber Information Form. 

  
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 Entire Agreement. This Subscription Agreement, together with the Subscriber
Information Form and the Limited Partnership Agreement, constitutes the entire agreement and understanding of the parties hereto relating to the purchase of the Units hereof; supersedes any prior agreements and understandings of the parties relating
to such subject matter; and may not be amended except in a writing executed by both parties. The Subscriber hereby agrees that any representation made hereunder will be deemed to be reaffirmed by the Subscriber at any time it makes an additional
capital contribution to the Partnership and the act of making such additional contribution will be evidence of such reaffirmation. 
 No Waiver. 
 (i) No failure or delay on the part of the Partnership, the
General Partner, the Trading Advisor or their respective affiliates in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other
or further exercise thereof or the exercise of any other right, power or remedy. Failure on the part of the Partnership, the General Partner, the Trading Advisor or their respective affiliates to challenge any act by the Subscriber or to declare it
in default with respect to the Partnership, the General Partner, the Trading Advisor or their respective affiliates, irrespective of how long that failure continues, shall not constitute a waiver by the Partnership, the General Partner, the Trading
Advisor or their respective affiliates of their rights with respect to that default until the applicable statute of limitations period has run. 
 (ii) Any waiver granted by the General Partner with respect to any term of this Subscription Agreement hereunder must be in writing, signed by an authorized representative of the General Partner, and
shall be valid only in the specific instance in which given. 
 Confidentiality. 

(i) The Subscriber agrees to keep confidential, and not to make any use of (other than for purposes reasonably related to its investment
in the Partnership) or disclose to any person (other than disclosure to the Subscriber’s authorized representatives), any information or matter relating to the Partnership, the General Partner, the Trading Advisor and their respective affairs
and any information or matter related to any investment of the Partnership, including, without limitation, portfolio positions, valuations, information regarding potential investments, financial information, trade secrets and the like.
Notwithstanding the foregoing, the Subscriber may make such disclosure (a) to any direct or indirect holder of beneficial interest in the Units, to the extent required under the terms of the Subscriber’s arrangements with such persons,
provided, that the Subscriber will advise such persons of the confidentiality obligations set forth herein and each such person shall agree to be bound by such obligations; (b) after written notice to the General Partner, to correct any false
or misleading information that becomes public concerning the Subscriber’s relationship to the Partnership; and (c) as required by law or in response to any governmental agency request or in connection with an examination by any regulatory
authorities, provided, that before the Subscriber makes any such disclosure required by law, it will so inform the General Partner and will give the General Partner, to the greatest extent practicable, an opportunity to contest whether such
information is required by law to be disclosed. Furthermore, the Subscriber has not reproduced, duplicated or delivered (and will not reproduce, duplicate or deliver) the Memorandum, this Subscription Agreement or any and all other Partnership
related documents to any other person, except its professional advisors or as instructed by the Partnership. 
 (ii)
Notwithstanding anything to the contrary contained herein, the Subscriber (and each of its employees, agents or other representatives, as applicable) may disclose to any and all persons, without


  
 Subscription Agreement



  
 20 









 
limitation of any kind, the tax treatment and tax structure of an investment in the Partnership and all materials of any kind (including opinions or other tax analyses) that are provided in
connection with this Subscription Agreement to the Subscriber relating to such tax treatment and tax structure (as such terms are defined in U.S. Treasury Regulation Section 1.6011-4); provided, however, that such disclosure shall not include
the name (or other identifying information not relevant to the tax structure or tax treatment) of any person and shall not include information for which nondisclosure is reasonably necessary in order to comply with applicable securities laws.

 Notices. 
 Notice shall be provided in accordance with the Limited Partnership Agreement and shall be sent to the address specified in the Subscriber Information Form or to such other address as the Subscriber
designates by written notice received by the General Partner. 
  

	
	  
 RECEIPT OF
DOCUMENTATION

	
	  


 The regulations of the CFTC require that the Subscriber be given a copy of the Memorandum, as well as
additional documentation consisting of: (i) any required supplements or amendments to the Memorandum, and (ii) the most current monthly account statement (report) for the Partnership. The Subscriber hereby acknowledges receipt of the
Memorandum and any such additional documentation. 
 THIS IS A SPECULATIVE INVESTMENT. 

THE SUBSCRIBER COULD LOSE ALL OR SUBSTANTIALLY ALL OF ITS INVESTMENT. 

  
 Subscription Agreement



  
 21 









 SIGNATURE PAGE 
 (Complete and sign) 
 By signing below, the Subscriber (i) confirms that the
information contained in the Subscriber Information Form is accurate and complete, (ii) agrees to the terms of the Subscription Agreement and the Limited Partnership Agreement and (iii) requests that the records of the Partnership reflect
the Subscriber’s admission as a limited partner. 
  

					
	Dated:            , 20    	 		 	AMOUNT OF SUBSCRIPTION
			
		 		 	 $

			
	  
	 		 	  

	Name of Subscriber’s Spouse	 		 	Name of Subscriber
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	
			
	  
	 		 	  

	Signature of Spouse	 		 	Subscriber’s Signature
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	  

			
		 		 	  

		 		 	Name and title or representative
		 		 	capacity, if applicable

 If the Subscriber is an individual retirement account, Keogh Plan or other self-directed plan, the custodian or trustee
of the Subscriber is also required to execute this Subscription Agreement below: 
  

									
	Dated:            , 20    	 		 		 	  

		 		 		 	Name of custodian or trustee
				
		 		 		 	  

		 		 		 	Signature
		 		 		 	Title:	 	  


 The Subscriber’s subscription is accepted, subject to the provisions of the Subscription Agreement and the Limited
Partnership Agreement. 
  

			
	Warrington GP, LLC, General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  



 Dated:            , 20    

 Signature Page 







 SIGNATURE PAGE 
 (Complete and sign) 
 By signing below, the Subscriber (i) confirms that the
information contained in the Subscriber Information Form is accurate and complete, (ii) agrees to the terms of the Subscription Agreement and the Limited Partnership Agreement and (iii) requests that the records of the Partnership reflect
the Subscriber’s admission as a limited partner. 
  

					
	Dated:            , 20    	 		 	AMOUNT OF SUBSCRIPTION
			
		 		 	 $

			
	  
	 		 	  

	Name of Subscriber’s Spouse	 		 	Name of Subscriber
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	
			
	  
	 		 	  

	Signature of Spouse	 		 	Subscriber’s Signature
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	  

			
		 		 	  

		 		 	Name and title or representative
		 		 	capacity, if applicable

 If the Subscriber is an individual retirement account, Keogh Plan or other self-directed plan, the custodian or trustee
of the Subscriber is also required to execute this Subscription Agreement below: 
  

									
	Dated:            , 20    	 		 		 	  

		 		 		 	Name of custodian or trustee
				
		 		 		 	  

		 		 		 	Signature
		 		 		 	Title:	 	  


 The Subscriber’s subscription is accepted, subject to the provisions of the Subscription Agreement and the Limited
Partnership Agreement. 
  

			
	Warrington GP, LLC, General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  



 Dated:            , 20    

 Signature Page 







 ADDITIONAL REPRESENTATION WITH RESPECT TO 

INVESTMENTS BY AN IRA OR SELF-DIRECTED PENSION PLAN 
 If the Subscriber is an IRA or self-directed pension plan, the individual who established the IRA or the individual who directed the pension plan’s investment in the Partnership, as the case may be,
the “Fiduciary”: (i) has directed the custodian or trustee of the Subscriber to execute this Agreement on the line set forth above for Authorized Signatory; and (ii) has signed below to indicate that he or she has reviewed,
directed and certifies to the accuracy of the representation and warranties made by the Subscriber herein. 
  

	
	  

	Name
	
	  

	Signature


  

	
	Name and Address of Custodian
	and Contact Individual:
	
	  

	
	  

	
	  

	
	Account for other Reference Number:
	
	  

	
	Custodian’s Tax I.D. Number:
	
	  


 Additional Representation 







 MANAGED FUTURES PREMIER WARRINGTON L.P. 

ANNEX I 

REPRESENTATIONS RELATED TO BAD ACTOR DISQUALIFICATIONS 
 Please note that any defined terms used in this Annex I, but not otherwise defined herein, have the meaning as set forth in the Subscription Agreement. 

The Subscriber, and any Beneficial Owners, has not, within the last ten (10) years (or five (5) years, in the case of the Partnership’s
affiliated issuers), been convicted of a felony or misdemeanor, in the United States, (i) in connection with the purchase or sale of any security, (ii) involving the making of any false filing with the SEC or (iii) arising out of the
conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities. 
 The Subscriber, and any Beneficial Owners, is not currently subject to any order, judgment or decree of any court of competent jurisdiction, entered in the last five (5) years, that restrains or
enjoins it from engaging or continuing to engage in any conduct or practice (i) in connection with the purchase or sale of any security, (ii) involving the making of a false filing with the SEC or (iii) arising out of the conduct of
the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities. 

The Subscriber, and any Beneficial Owners, is not currently subject to a Final Order21 of a state securities commission (or an agency or officer of a state performing like functions); a state authority
that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the National Credit Union Administration;
or the CFTC, that (i) bars the Subscriber from: (a) association with an entity regulated by such commission, authority, agency or officer; (b) engaging in the business of securities, insurance or banking; or (c) engaging in
savings association or credit union activities; or (ii) constitutes a Final Order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct entered within the last ten (10) years.

 The Subscriber, and any Beneficial Owners, is not currently subject to an order of the SEC entered pursuant to Section 15(b) or 15B(c)
of the Exchange Act or Section 203(e) or 203(f) of the Investment Advisers Act that (i) suspends or revokes the Subscriber’s registration as a broker, dealer, municipal securities dealer or investment adviser, (ii) places
limitations on its activities, functions or operations or (iii) bars it from being associated with any entity or from participating in the offering22 of any penny stock. 
 The Subscriber, and any Beneficial Owners, is not currently subject to any order of the SEC, entered in the last five (5) years, that orders it to cease and desist from committing or causing a
violation or future violation of (i) any scienter-based anti-fraud provision of the federal securities laws (including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5

  

	21 	The term “Final Order” means a written directive or declaratory statement issued by a federal or state agency described in Rule 506(d) under the Securities
Act pursuant to applicable statutory authority that provides for notice and an opportunity for a hearing and/or constitutes a final disposition or action by that federal or state agency. A Final Order may still be subject to appeal and otherwise
meet this definition. 


	22 	For purposes of these representations, “participating in the offering” can encompass, but is not limited to, activities such as participation or involvement
in due diligence activities related to the offering, involvement in the preparation of disclosure documents and communications with the issuer, prospective investors or other offering participants. Whether activities are considered participating in
the offering is a question of fact. 


  
 Annex I 


  

	
	AI-1









 
thereunder, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act, or any other rule or regulation thereunder) or (ii) Section 5 of the
Securities Act, or any provision of the federal securities laws that prohibits the sale, or facilitation of the sale, of securities without a registration statement or a valid prospectus. 
 The Subscriber, and any Beneficial Owners, is not currently suspended or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory organization
(e.g., a registered national securities exchange or a registered national or affiliated securities association, such as the Financial Industry Regulatory Authority, Inc.), for any act or omission to act constituting conduct inconsistent with just
and equitable principles of trade. 
 The Subscriber, and any Beneficial Owners, has not filed as a registrant or issuer, or has not been named
as an underwriter in, any registration statement or Regulation A offering statement filed with the SEC that, (i) within the last five (5) years, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption
or (ii) is currently the subject of an investigation or a proceeding to determine whether such a stop order or suspension order should be issued. 
 The Subscriber, and any Beneficial Owners, is not subject to (i) a United States Postal Service false representation order entered into within the last five (5) years, or (ii) a temporary
restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations. 

The Subscriber, and any Beneficial Owners, has not agreed with any other person to act together for the purpose of acquiring, holding, voting or
disposing of the Units. 

  
 Annex I 


  

	
	AI-2









 MANAGED FUTURES PREMIER WARRINGTON L.P. 

ANNEX II 

PRIVACY POLICY 
 The
Partnership takes precautions to maintain the privacy of personal information concerning the Partnership’s current and prospective Subscribers that are natural persons (including IRAs). These precautions include the adoption of certain
procedures designed to maintain and secure such Subscribers’ nonpublic personal information from inappropriate disclosure to third parties. Federal regulations require the Partnership to inform Subscribers of this privacy policy. 

The Partnership collects nonpublic personal information about its Subscribers from the following sources: 

 

	 	•	 	 Information the Partnership receives from a Subscriber in these Subscription Documents or other related documents or forms;



  

	 	•	 	 Information about a Subscriber’s transactions with the Partnership, its affiliates, or others, including service providers that are necessary to
carry on our everyday business; and 


  

	 	•	 	 Information the Partnership may receive from a consumer reporting agency. 


 The Partnership does not disclose any nonpublic personal information about its prospective, existing or former Subscribers to anyone, except to service providers, and counterparties that have been
advised as to proper handling of the information and otherwise as permitted or required by law and regulation. 
 The Partnership
restricts access to nonpublic personal information about its Subscribers to those employees and agents of the Partnership who have been advised as to the proper handling of such information and who need to know that information in order to provide
services to its Subscribers. The Partnership may also disclose such information to its affiliates and to service providers and financial institutions that provide services to the Partnership that are necessary or appropriate for the administration
of the Partnership and the effectuation of its transactions or are otherwise permitted by law, such as prime brokers and administrators. The Partnership will require such third party service providers and financial institutions to protect the
confidentiality of the Subscribers’ nonpublic personal information and to use the information only for purposes for which it is disclosed to them. The Partnership may also disclose nonpublic personal information to regulatory authorities as
required or permitted by applicable law. The Partnership maintains physical, electronic, and procedural safeguards that comply with federal standards to safeguard the Subscribers’ nonpublic personal information and which the Partnership
believes are adequate to prevent unauthorized disclosure of such information. 
 The Partnership does not otherwise provide
information about current, former and prospective individual Subscribers to outside firms, organizations or individuals except at the Subscriber’s request or to attorneys, accountants and auditors of any current, former and prospective
individual Subscriber. 
 IF YOU HAVE ANY QUESTIONS CONCERNING THIS PRIVACY POLICY, PLEASE CONTACT ALEX CHAPMAN (TELEPHONE:
(732) 936-8420) AT THE OFFICE OF THE ADMINISTRATOR. 

  
 Annex II 


  

	
	AII-1









 MANAGED FUTURES PREMIER WARRINGTON L.P. 

ANNEX III 

FORM OF ADDITIONAL SUBSCRIPTION 
 Managed Futures Premier Warrington L.P. 
 c/o Warrington GP, LLC 

200 Crescent Court, Suite 520 
 Dallas, TX 75201

 Ladies and Gentlemen: 
 The
undersigned holds a limited partner interest in Managed Futures Premier Warrington L.P., a New York limited partnership (the “Partnership”) and hereby subscribes for additional Units in the amount set forth on the signature page hereto.
Capitalized terms not otherwise defined herein are used herein as defined in the current Private Placement Offering Memorandum and Disclosure Document of the Partnership (the “Memorandum”), as amended and/or supplemented, and if not
defined therein, in the subscription documents relating to the initial subscription of the undersigned (the “Subscription Documents”). 
 As a condition to acceptance hereof by the General Partner, the undersigned hereby confirms that (i) the representations, warranties and covenants made by the undersigned to the Partnership’s
general partner in the Subscription Agreement contained in the Subscription Documents are true and correct as of the date hereof and are hereby repeated, (ii) the information set forth in the Subscriber Information Form contained in the
Subscription Documents is accurate and complete as of the date hereof, (iii) any background information provided to the General Partner is true and correct in all material respects as of the date hereof, (iv) the funds being remitted in
connection with this additional subscription will originate from the Wiring Institution (as defined in the Subscription Documents) from which the undersigned’s funds were wired in connection with its initial subscription, the details of which
are accurately and completely disclosed in the Subscription Documents and (v) the undersigned continues to be a customer of such Wiring Institution. The undersigned agrees (i) to be bound by all the provisions of the Subscription Documents
with respect to the additional subscription made hereunder (including but not limited to any indemnification obligations) and (ii) that the Subscription Documents as supplemented hereby shall continue in full force and effect. 

The acceptance of additional subscriptions is within the absolute discretion of the General Partner, which may require additional information prior to
making a determination. The General Partner will notify the undersigned of its acceptance or rejection of the additional subscription and neither the Partnership nor the General Partner will be responsible for any lost profits, revenue or damage of
any kind due to a delayed acceptance or a rejected additional subscription. If the additional subscription is rejected, the Partnership will promptly refund (without interest) to the Subscriber any additional subscription payments received by the
Partnership. 
 [SIGNATURE PAGE FOLLOWS] 

  
 Form of Additional
Subscription 


  

	
	AIII-1









 SIGNATURE PAGE 
 For Additional Subscription 
 (Complete and sign) 

 

							
	AMOUNT OF ADDITIONAL SUBSCRIPTION:	 		 	
			
	 $
	 		 	
	(Subscriber please enter additional Subscription Amount)	 		 	
			
	Dated:            , 20    	 		 	
			
	  
	 		 	  

	Name of Subscriber’s Spouse	 		 	Name of Subscriber
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	
			
	  
	 		 	  

	Signature of Spouse	 		 	Subscriber’s Signature
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	  

				
		 		 		 	  

		 		 	Name and title or representative
		 		 	capacity, if applicable

 If the Subscriber is an individual retirement account, Keogh Plan or other self-directed plan, the custodian or trustee
of the Subscriber is also required to execute this Agreement below: 
  

											
	Dated:            , 20    	 		 		 		 	  

		 		 		 		 	Name of custodian or trustee
					
		 		 		 		 	  

		 		 		 		 	Signature
		 		 		 		 	Title:	 	  


 The Subscriber’s subscription is accepted, subject to the provisions of the Subscription Agreement
and the Partnership Agreement. 
  

			
	Warrington GP, LLC, General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  



 Dated:            , 20    


  
 Form of Additional
Subscription 


  

	
	AIII-2









 SIGNATURE PAGE 
 For Additional Subscription 
 (Complete and sign) 

 

							
	AMOUNT OF ADDITIONAL SUBSCRIPTION:	 		 	
			
	 $
	 		 	
	(Subscriber please enter additional Subscription Amount)	 		 	
			
	Dated:            , 20    	 		 	
			
	  
	 		 	  

	Name of Subscriber’s Spouse	 		 	Name of Subscriber
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	
			
	  
	 		 	  

	Signature of Spouse	 		 	Subscriber’s Signature
	[or Domestic Partner]	 		 	
	(if a natural person and purchasing jointly)	 		 	  

				
		 		 		 	  

		 		 		 	Name and title or representative
		 		 		 	capacity, if applicable

 If the Subscriber is an individual retirement account, Keogh Plan or other self-directed plan, the custodian or trustee
of the Subscriber is also required to execute this Agreement below: 
  

											
	Dated:            , 20    	 		 		 		 	  

		 		 		 		 	Name of custodian or trustee
					
		 		 		 		 	  

		 		 		 		 	Signature
		 		 		 		 	Title:	 	  


 The Subscriber’s subscription is accepted, subject to the provisions of the Subscription Agreement
and the Partnership Agreement. 
  

			
	Warrington GP, LLC, General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  



 Dated:            , 20    


  
 Form of Additional
Subscription 


  

	
	AIII-3









 MANAGED FUTURES PREMIER WARRINGTON L.P. 

ANNEX IV 

IRS WITHHOLDING TAX FORMS 

Anyone subscribing for Units in the Partnership is required to submit appropriate tax certifications under penalties of perjury. With respect to
Subscribers purchasing Units as either joint tenants with right of survivorship or tenants-in-common, please note that each individual must sign and complete the appropriate U.S. Internal Revenue Service (“IRS”) Form. Subscribers that are
grantors of a “grantor trust,” and “grantor trusts” with multiple grantors, must provide appropriate tax forms for each grantor. 
 Please carefully review the instructions accompanying the IRS Form that the Subscriber is completing. The Partnership will not consider an IRS Form complete unless the Subscriber has submitted all
statements, certifications or other documents required by the applicable IRS Form. Please note that Subscribers may be required to provide updated tax forms (and certain other information from time to time, including, without limitation, pursuant to
FATCA). 
 The most current versions of all the IRS Forms and their instructions are located at the websites listed below. Subscribers should
consult their own tax advisors about which form(s) to complete. 
 IRS Form W-9 and Instructions 

http://www.irs.gov/pub/irs-pdf/fw9.pdf 

http://www.irs.gov/pub/irs-pdf/iw9.pdf 
 IRS
Form W-8BEN-E and Instructions 
 http://www.irs.gov/pub/irs-pdf/fw8bene.pdf 
 http://www.irs.gov/pub/irs-pdf/iw8bene.pdf 
 IRS Form W-8BEN and Instructions 

http://www.irs.gov/pub/irs-pdf/fw8ben.pdf 

http://www.irs.gov/pub/irs-pdf/iw8ben.pdf 

IRS Form W-8ECI and Instructions 

http://www.irs.gov/pub/irs-pdf/fw8eci.pdf 

http://www.irs.gov/pub/irs-pdf/iw8eci.pdf 

IRS Form W-8EXP and Instructions 

http://www.irs.gov/pub/irs-pdf/fw8exp.pdf 

http://www.irs.gov/pub/irs-pdf/iw8exp.pdf 

IRS Form W-8IMY and Instructions 

http://www.irs.gov/pub/irs-pdf/fw8imy.pdf 

http://www.irs.gov/pub/irs-pdf/iw8imy.pdf 

  
 IRS Withholding Tax Forms



  

	
	AIV-1