Document:

EX-4.10

 Exhibit 4.10 

THIS DEED OF UNDERTAKING (the “Deed”) is dated December 26, 2013 and issued by: 

Dang He, with PRC ID card number. 
 To 

Charm Communications Inc. (the “Company”). 
 THIS
DEED WITNESSES THAT: 
  

	 	1.	By signing this Deed, unless otherwise specified in this Deed, Dang He hereby irrevocably covenants with and undertakes to the Company that: 

 

	 	a.	As long as the shares in the Company Dang He owns, whether legally or beneficially, and directly or indirectly (including shares held through Dang He’s personal holding company, or any other company, trust, nominee
or agent, if any), represent more than 50% of the aggregate voting power of the then total issued and outstanding shares of the Company, 

  

	 	i.	Dang He shall not and will not, directly or indirectly, (i) requisition or call any meeting of the Company’s shareholders for the purpose of removing or replacing any of the directors of the Company or
appointing any new director of the Company, or (ii) propose any resolution at any meeting of the Company’s shareholders to remove or replace any of the directors of the Company or appoint any new director of the Company; and

  

	 	ii.	Should any meeting of the Company’s shareholders be called by the board of directors or requisitioned or called by other shareholders of the Company for the purpose of removing or replacing any of the directors or
appointing any new director, or if any resolution is proposed at any meeting of the Company’s shareholders to remove or replace any of the directors or appoint any new director, Dang He shall not and will not, in his capacity as a shareholder
of the Company, exercise his voting rights attaching to his shares in excess of (i) the total aggregate voting power of the then total issued and outstanding shares of the Company held by all members of the Company less the shares which are
owned, whether legally or beneficially, and directly or indirectly by Dang He (including shares held through Dang He’s personal holding company, or any other company, trust, nominee or agent, if any), less (ii) one vote. 

	 	b.	Dang He shall not and will not cast any votes he has as a director or shareholder (if applicable) on any resolutions or matters concerning enforcing, amending or otherwise relating this Deed being considered or voted
upon by the board of directors or the shareholders, as the case may be. 

  

	 	2.	This Deed shall apply to any and all periods during which Dang He beneficially owns, whether directly or indirectly (including shares held through his personal holding company, or any other company, trust, nominee or
agent, if any), shares representing more than 50% of the aggregate voting power of the then total issued and outstanding shares of the Company. 

  

	 	3.	This Deed shall be irrevocable, whether in whole or in part; provided, however, this Deed shall become revocable, in whole or in part, in the event the Company’s securities are no longer traded on an
internationally recognized securities exchange. 

  

	 	4.	Dang He acknowledges and agrees that the Company will be irreparably damaged in the event any of the provisions of this Deed are not performed by Dang He in accordance with their specific terms or are otherwise
breached. Accordingly, Dang He acknowledges and agrees that the Company shall be entitled to an injunction to prevent breaches of this Deed, and to specific enforcement of this Deed and its terms and provisions in accordance with Sections 6 and 7
hereof, in addition to any other remedy to which the Company may be entitled at law or in equity. 

  

	 	5.	The parties acknowledge and agree that this Deed shall become effective immediately upon execution by the parties hereto, and no notifications, registration or filing to or with any person (including any government
authority or regulatory body in the Cayman Islands, the PRC, the US, or elsewhere, or any shareholder or other person connected with the Company) is required. 

  

	 	6.	This Deed shall be governed by and construed in accordance with the laws of Cayman Islands. 

	 	7.	Any dispute, controversy or claim arising out of, in connection with or relating to this Deed, including the interpretation, validity, invalidity, breach or termination thereof (the “Dispute”), shall be
settled by arbitration. The following shall apply in connection the dispute resolution: 

  

	 	a.	The arbitration shall be submitted to the International Chamber of Commerce (the “ICC”) and conducted in Hong Kong Special Administrative Region of the PRC under the ICC Arbitration Rules in force when the
Notice of Arbitration is submitted in accordance with the said Rules. The number of arbitrators shall be three. The arbitration shall be conducted in the English language. The costs of arbitration shall be borne by the losing party, unless otherwise
determined by the arbitration tribunal. 

  

	 	b.	When any dispute occurs and when any dispute is under arbitration, except for the matters in dispute, the parties hereto shall continue to fulfill their respective obligations and shall be entitled to exercise their
rights under this Deed. 

  

	 	c.	The award of the arbitration tribunal shall be final and binding upon the parties, and the prevailing party may apply to any court of competent jurisdictions for enforcement of such award. 

 

	 	d.	Regardless of the foregoing, each party hereto agrees that the other party hereto shall have the right, in addition to any other rights it may have, to seek specific performance and/or injunctive relief from any court
of competent jurisdiction pending the foregoing. 

  

	 	8.	This Deed is written in English and Chinese. Should there be any discrepancies between the English version and the Chinese version, the English version shall prevail. 

 

	 	9.	IN WITNESS WHEREOF this Deed has been duly executed as a deed by Dang He and the Company and is intended to be and is hereby delivered on the day and year first above written. 

			
	 EXECUTED AS A DEED

	
	/s/ Dang He
	Dang He
	
	Witness
	
	/s/ Cindy Wang
	Name	 	  Cindy Wang, VP of Finance
	Address	 	   CN01, Legend Town, No. 1 Ba Li Zhuang Dong Li,

  Chaoyang District, Beijing, 100025EX-10.3(c)

 EXHIBIT 10.3(c) 

April 7, 2014 
 Morgan Stanley Smith Barney LLC 

522 Fifth Avenue, 13th Floor 
 New York, New York 10036 

 

	Re:	Ceres Managed Futures LLC: Amended Schedules 1 and 2 to the Alternative Investment Selling Agent Agreement 

Ladies and Gentlemen: 
 Pursuant to paragraph
13(c) of the Alternative Investment Selling Agent Agreement dated November 12, 2013, as amended from time to time (the “Agreement”), between, among others, Ceres Managed Futures LLC (“CMF”), the general partner of each of
the limited partnerships listed on Schedule 1 thereto (each, a “Partnership,” and together, the “Partnerships”), and Morgan Stanley Smith Barney LLC (“MSSB”), CMF is hereby confirming that Schedules 1 and
2 to the Agreement are hereby deleted in their entirety and replaced with Schedules 1 and 2 attached hereto. 
 Notwithstanding
anything to the contrary in the Agreement, by signing below MSSB hereby agrees to, acknowledges and accepts the amendment of the Agreement, effective as of April 1, 2014. 

 If the foregoing is in accordance with your understanding of our discussions, kindly sign and
return to us a counterpart hereof (by mail, facsimile or email) as soon as possible. 
 Sincerely, 

 

			
	CERES MANAGED FUTURES LLC
		
	By:	 	/s/ Alper Daglioglu
		 	 Alper Daglioglu
 President and
Director

	
	 EACH PARTNERSHIP LISTED ON
 SCHEDULE
1 HERETO

	
	 By: Ceres Managed Futures LLC, the

general partner of each Partnership

		
	By:	 	/s/ Alper Daglioglu
		 	Alper Daglioglu
		 	President and Director

  

			
	 Confirmed, accepted and agreed to:
  

MORGAN STANLEY SMITH BARNEY LLC

		
	By:	 	/s/ Jeremy Beal
	Name:	 	Jeremy Beal
	Title:	 	Executive Director

  
 Page 2 

 SCHEDULE 1 
  

					
	 PARTNERSHIP
	  	 STATE AND DATE OF ORGANIZATION
	  	 EFFECTIVE DATE

	Managed Futures Premier Warrington L.P.	  	New York, November 28, 2005	  	October 1, 2013

  
 Page 3 

 SCHEDULE 2 
  

			
	 PARTNERSHIP
	  	 ONGOING SELLING AGENT FEE

	Managed Futures Premier Warrington L.P.	  	2.50% per year of the adjusted net assets of Class A Units and 1.25% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 2.50% and the adjusted net
assets of the Class D Units by 1.25% and dividing the result thereof by 12)1

  

	1 	Adjusted net assets are month-end Net Assets increased by that month’s ongoing selling agent fee, advisory fee, profit share allocation accrual, the general partner’s administrative fee and other expenses and
any redemptions or distributions as of the end of such month. 

  
 Page 4EX-10.8(b)

 EXHIBIT 10.8(b) 

Ceres Managed Futures LLC 
 522 Fifth Ave, 14th Floor 
 New York, New York 10036 

March 28, 2014 
 Robert W. Baird & Co.
Incorporated 
 777 E. Wisconsin Avenue 
 Milwaukee, WI 53202

 Attention: Dayna M. Kleinman 
  

	Re:	Reduction in Selling Agent Fee 

 Ladies and Gentlemen: 

Pursuant to paragraph 10(d) of the Placement Agent Agreement and paragraph 2(d) of the Services Agreement, each dated January 6, 2011,
between, among others, Managed Futures Premier Warrington L.P. (formerly, Warrington Fund L.P.) (the “Fund”) and Robert W. Baird & Co. Incorporated (the “Placement Agent”), Ceres Managed Futures LLC, the Fund’s
general partner, is hereby notifying the Placement Agent that the monthly ongoing selling agent fee (the “Selling Agent Fee”) will be reduced (the “Notice”). 

Effective April 1, 2014, the Selling Agent Fee paid by the Fund to Morgan Stanley Smith Barney LLC, currently doing business as Morgan
Stanley Wealth Management, will be reduced for (i) Class A unit holders from an annual rate of 3.75% to an annual rate of 2.50% of the adjusted net assets of Class A units and (ii) Class D unit holders from an annual rate of
1.50% to an annual rate of 1.25% of the adjusted net assets of Class D units. 
 Furthermore, effective April 1, 2014, any upfront fee
paid to the Placement Agent attributable to units sold by the Placement Agent will also be reduced to a rate of 2.00% of the subscription amount of the limited partnership interests to which it applies (the “Upfront Fee Notice” and,
together with the Selling Agent Fee Notice, the “Notices”). 
 By signing below the Placement Agent hereby acknowledges and
accepts receipt of the Notices and agrees to the terms herein. 

 If the foregoing is in accordance with your understanding of our discussions, kindly sign and
return to us a counterpart hereof (by mail, facsimile or email) as soon as possible. 
  

					
	Sincerely,	 	
		
		 	CERES MANAGED FUTURES LLC
			
		 	By:	 	 /s/ Alper Daglioglu

		 	Name:	 	Alper Daglioglu
		 	Title:	 	President and Director
		
		 	MANAGED FUTURES PREMIER WARRINGTON L.P.
		
		 	By: Ceres Managed Futures LLC, its general partner
			
		 	By:	 	 /s/ Alper Daglioglu

		 	Name:	 	Alper Daglioglu
		 	Title:	 	President and Director

  

			
	Agreed to, acknowledged and accepted:
	
	ROBERT W. BAIRD & CO. INCORPORATED
		
	By:	 	 /s/ Dayna Kleinman

	Name:	 	Dayna Kleinman
	Title:	 	FVP – Sr. Product Manager

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