EX-10.1





 Exhibit 10.1 

AMENDMENT TO THE AMENDED AND RESTATED ALTERNATIVE INVESTMENT SELLING AGENT AGREEMENT 

This amendment dated as the 23rd day of June, 2020 to the Amended and Restated Alternative Investment Selling Agent Agreement (the
“Agreement”) effective as of March 3, 2016, as amended from time to time, by and between each of the limited partnerships listed on Schedule 1 hereto (each, a “Partnership,” and together, the “Partnerships”), Ceres
Managed Futures LLC, a Delaware limited liability company (the “General Partner”), and Morgan Stanley Smith Barney LLC, a Delaware limited liability company, currently doing business as Morgan Stanley Wealth Management (“MSSB” or
“Placement Agent”). Capitalized terms used herein but not otherwise defined shall have the respective meanings assigned them in the Agreement. 

W I T N E S S E T H: 

WHEREAS, the General Partner, the Partnerships and Placement Agent agree to amend the Agreement to (i) reflect a reduction in the
annual Ongoing Placement Agent Fee payable to the Placement Agent from 2.0% to 1.0%, where applicable, and (ii) replace Schedules 1, 2, and 3; and 

WHEREAS, pursuant to Section 15(c) of the Agreement, any change to the Agreement must be in writing and signed by all parties.

 NOW, THEREFORE, the parties agree as follows: 

1. Schedule 1 of the Agreement shall be deleted in its entirety and replaced by Schedule 1 attached hereto. 

2. Schedule 2 of the Agreement shall be deleted in its entirety and replaced by Schedule 2 attached hereto. 

3. Schedule 3 of the Agreement shall be deleted in its entirety and replaced by Schedule 3 attached hereto. 

4. The effective date of this Amendment shall be July 1, 2020. 

5. This Amendment, together with any documents referred to herein, constitutes the whole agreement between the parties relating to the subject
matter of this Amendment and supersedes and extinguishes any prior drafts, agreements, undertakings, representations, warranties and arrangements of any nature, whether in writing or oral, relating to such subject matter. 

6. This Amendment may be executed in any number of counterparts, including via facsimile or email, each of which is an original and all of
which when taken together evidence the same agreement. Any signature on the signature page of this Amendment may be an original, a fax or electronically transmitted signature or may be executed by applying an electronic signature using DocuSign or,
if permitted by the General Partner (such permission not to be unreasonably withheld), any other similar program. 












 7. This Amendment shall be governed by and construed in accordance with the laws of the
State of New York. 
 IN WITNESS WHEREOF, this Amendment has been executed for and on behalf of the undersigned as of the date first
written above. 
  

			
	THE PARTNERSHIPS LISTED ON
	SCHEDULE 1 HERETO
	
	By: Ceres Managed Futures LLC
		
	Name:	 	 /s/ Patrick T. Egan

		 	Patrick T. Egan
	Title:	 	President
	
	Morgan Stanley Smith Barney LLC
		
	Name:	 	 /s/ Carmen Lai

		 	Carmen Lai
	Title:	 	Executive Director
	
	Ceres Managed Futures LLC
		
	Name:	 	 /s/ Patrick T. Egan

		 	Patrick T. Egan
	Title:	 	President



  
 2 













 Schedule 1 
  

					
	 PARTNERSHIP
	  	 STATE AND DATE

OF

ORGANIZATION
	  	 EFFECTIVE

DATE

	Managed Futures Premier Graham L.P.	  	Delaware; July 15, 1998	  	April 1, 2014
			
	 Ceres Tactical Global L.P.
 (formerly Morgan
Stanley Smith Barney Spectrum Currency and Commodity L.P.)
	  	Delaware; October 20, 1999	  	December 31, 2013
			
	Morgan Stanley Smith Barney Spectrum Select L.P.	  	Delaware; March 21, 1991	  	December 31, 2013

  

  
 3 













 Schedule 2 
  

	
	 PRIOR AGREEMENTS

	
	Amended and Restated Selling Agreement, dated as of July 29, 2002, among Managed Futures Premier Graham L.P. (formerly Morgan Stanley Charter Graham L.P.), Morgan Stanley Smith Barney Charter Campbell L.P. (formerly Morgan
Stanley Charter Campbell L.P.), Morgan Stanley Smith Barney Charter Aspect L.P. (formerly Morgan Stanley Charter MSFCM L.P.), Morgan Stanley Charter Welton L.P., and Morgan Stanley Smith Barney Charter WNT L.P. (formerly Morgan Stanley Charter
Millburn L.P.), Morgan Stanley DW Inc., and Ceres Managed Futures LLC (formerly Demeter Management Corporation), as amended
	
	Amended and Restated Selling Agreement, dated as of March 7, 2000, among Morgan Stanley Smith Barney Spectrum Currency and Commodity L.P. (formerly Morgan Stanley Dean Witter Spectrum Currency L.P.), Morgan Stanley Smith Barney
Spectrum Global Balanced L.P. (formerly Morgan Stanley Dean Witter Spectrum Global Balanced L.P.), Morgan Stanley Smith Barney Spectrum Select L.P. (formerly Morgan Stanley Dean Witter Spectrum Select L.P.), Morgan Stanley Smith Barney Spectrum
Strategic L.P. (formerly Morgan Stanley Dean Witter Spectrum Strategic L.P.), Morgan Stanley Smith Barney Spectrum Technical L.P. (formerly Morgan Stanley Dean Witter Spectrum Technical L.P.), Morgan Stanley Dean Witter Spectrum Commodity L.P., Dean
Witter Reynolds Inc., and Ceres Managed Futures LLC (formerly Demeter Management Corporation), as amended
	
	Alternative Investment Placement Agent Agreement, dated as of April 1, 2014, by and among Ceres Managed Futures LLC, Morgan Stanley Smith Barney LLC and the Partnerships listed on Schedule 1 thereto


  
 4 













 Schedule 3 
  

			
	 PARTNERSHIP
	  	 ONGOING PLACEMENT AGENT

FEE

	Managed Futures Premier Graham L.P.	  	1.0% annually of the Net Asset Value (computed monthly by multiplying the Net Asset Value of the Class A Units as of the beginning of each month by 1.0% and dividing the result thereof by 12) and paid on a monthly basis.
Class Z Units will not be subject to an ongoing placement agent fee.
		
	 Ceres Tactical Global L.P.
 (formerly Morgan
Stanley Smith Barney Spectrum Currency and Commodity L.P.)
	  	1.0% annually of the Net Asset Value (computed monthly by multiplying the Net Asset Value of the Class A Units as of the beginning of each month by 1.0% and dividing the result thereof by 12) and paid on a monthly basis. Class
Z Units will not be subject to an ongoing placement agent fee.
		
	Morgan Stanley Smith Barney Spectrum Select L.P.	  	1.0% annually of the Net Asset Value (computed monthly by multiplying the Net Asset Value as of the beginning of each month by 1.0% and dividing the result thereof by 12) and paid on a monthly basis.


  
 5