Document:

EX-10.13(b)

 EXHIBIT 10.13(b) 

AMENDMENT NO. 5 

TO 
 ESCROW
AGREEMENT 
 WHEREAS, THE BANK OF NEW YORK, a New York banking corporation (the “Escrow Agent”),
Ceres Managed Futures LLC (formerly Demeter Management LLC), a Delaware limited liability company (the “General Partner”), and MORGAN STANLEY SMITH BARNEY LLC, a Delaware limited liability company (the “Selling Agent”), have
agreed to amend the Escrow Agreement, dated as of the 25th day of July, 2007 (the “Original Escrow Agreement”), as amended by Amendment to No. 1 to the Original Escrow Agreement, dated as of the 1st day of January, 2009 and by
Amendment to No. 2 to the Original Escrow Agreement, dated as of the 13th day of October, 2009, by Amendment to No. 3 to the Original Escrow Agreement, dated as of the 1st day of September, 2010 and by Amendment to No. 4 to the
Original Escrow Agreement, dated as of the 17th day of
May, 2012 (together, with Original Escrow Agreement, the “Escrow Agreement”) among the Escrow Agent, the General Partner, and the Selling Agent, to revise Exhibit A thereto. 

WHEREAS, all provisions contained in the Escrow Agreement remain in full force and effect and are modified only to the extent necessary
to provide for the amendments set forth below. 
 NOW, THEREFORE, the parties hereto hereby amend the Escrow Agreement as
follows: 
 1. Exhibit A to the Escrow Agreement is hereby deleted in its entirety and replaced with Exhibit A attached hereto.

 2. The foregoing amendment shall take effect as of the 4th day of October, 2012. 

3. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 

4. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall
constitute the same agreement. 
 5. Each of the parties represents and warrants to the others that it has full authority to
enter into this Amendment upon the term and conditions hereof and that the individual executing this Amendment on its behalf has the requisite authority to being the parties to this Amendment. 

 IN WITNESS WHEREOF, this Amendment to the Escrow Agreement has been
executed for and on behalf of the undersigned as of the
4th day of October 2012. 

 

							
	CERES MANAGED FUTURES LLC
			
	By:	 	 /s/ Walter Davis
	 	
		 	Name:	 	Walter Davis	 	
		 	Title: President	 	
	
	MORGAN STANLEY SMITH BARNEY LLC
			
	By:	 	 /s/ Walter Davis
	 	
		 	Name:	 	Walter Davis	 	
		 	Title: Managing Director	 	
	
	 THE BANK OF NEW YORK

as Escrow Agent

			
	By:	 	 /s/ Thomas Hacker
	 	
		 	Name:	 	Thomas Hacker	 	
		 	Title: Vice President	 	

 EXHIBIT A 
 List of Partnerships 
 (as of October 2011) 

BHM Discretionary Futures Fund L.P. — A 

BHM Discretionary Futures Fund L.P. — B 

Managed Futures Charter Graham L.P. — A 

Managed Futures Charter Graham L.P. — B 

Morgan Stanley Managed Futures HV, L.P. — A 

Morgan Stanley Managed Futures HV, L.P. — B 

Morgan Stanley Managed Futures LV, L.P. — A 

Morgan Stanley Managed Futures LV, L.P. — B 

Morgan Stanley Managed Futures MV, L.P. — A 

Morgan Stanley Managed Futures MV, L.P. — B 

LSB Futures Funds 
 -AAA ARC
Energy Feeder Fund L.P. 
 -Abington Futures Fund L.P. 
 -Bristol Energy Fund L.P. 
 -Commodity Advisors Futures Fund L.P. 

-Emerging CTA Portfolio Fund L.P. 
 -Orion Futures Fund L.P. 
 -Orion Futures Fund Ltd. 

-Potomac Futures Fund L.P. 
 -Tactical Diversified Futures Fund L.P. 
 -Tidewater Futures Fund L.P. 

-Warring Futures Fund L.P. 
 -Westport Futures Fund L.P. 
 Managed Futures Premier Rotterdam L.P. 

Managed Futures Premier Altis L.P. 
 Managed
Futures Premier Man-AHL L.P. 
 AAA ARC Energy Feeder Fund L.P. 
 Managed Futures Premier Aventis L.P.EX-10.5(a)

 Exhibit 10.5(a) 
 June 1, 2012 
 SandRidge Capital, L.P. 

1300 Post Oak Blvd., Suite 325 
 Houston,
Texas 77056 
 Attention: Mr. Andrew M. Rowe 
 Re: Management Agreement Renewals 
 Dear Mr. Rowe: 

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management
Agreements”). We are extending the term of the Management Agreements through June 30, 2013 and all other provisions of the Management Agreements will remain unchanged. 

 

	 	•	 	 Bristol Energy Fund L.P. 

  

	 	•	 	 CMF SandRidge Master Fund L.P. 

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. II 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1290. 
 Very truly yours, 

 

					
	 CERES MANAGED FUTURES LLC
	 	
			
	By:	 	 /s/ Brian Centner
	 	
		 	 Brian Centner
	 	
		 	Chief Financial Officer and Director	 	
			
	By:	 	 /s/ Andrew M. Rowe
	 	
		 	Print Name: Andrew M. Rowe	 	

 BC/srEX-10.6(a)

 Exhibit 10.6(a) 
 June 1, 2012 
 Aspect Capital Ltd. 
 Nations House — 8th Floor 
 103 Wigmore Street 

London W1U 1QS, U.K. 
 Attention:
Mr. Anthony Todd, CEO 
 Re: Management Agreement Renewals 
 Dear Mr. Todd: 
 We are writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2013 and all other provisions of the Management Agreements will remain unchanged.

  

	 	•	 	 Global Diversified Futures Fund L.P. 

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

  

	 	•	 	 Tactical Diversified Futures Fund L.P. 

  

	 	•	 	 CMF Aspect Master Fund L.P. 

  

	 	•	 	 Institutional Futures Portfolio LP 

  

	 	•	 	 Global Futures Fund Ltd. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1290. 
 Very truly yours, 

 

					
	 CERES MANAGED FUTURES LLC
	 	
			
	By:	 	 /s/ Brian Centner
	 	
		 	 Brian Centner
	 	
		 	Chief Financial Officer & Director	 	
			
	By:	 	 /s/ Jonathan Greenwold
	 	
		 	Print Name: Jonathan Greenwold	 	

 BC/srEX-10.7(a)

 Exhibit 10.7(a) 
 June 1, 2012 
 Eckhardt Trading Company 

1314 North Dearborn Parkway 
 The Carriage House

 Chicago, Illinois 60610 
 Attention:
Ms. Audrey L. Gale 
 Re: Management Agreement Renewal 
 Dear Ms. Gale: 
 We are writing with respect to your management agreement concerning the
commodity pool to which reference is made below (the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2013 and all other provisions of the Management Agreement will remain unchanged.

  

	 	•	 	 CMF Eckhardt Master Fund L.P. 

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. II 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1290. 
 Very truly yours, 

 

					
	CERES MANAGED FUTURES LLC	 	
			
	By:	 	 /s/ Brian Centner
	 	
		 	 Brian Centner
	 	
		 	Chief Financial Officer and Director	 	
		
	ECKHARDT TRADING COMPANY	 	
			
	By:	 	 /s/ John D. Fornengo
	 	
		 	Print Name: John D. Fornengo	 	

 BC/srEX-10.9(a)

 Exhibit 10.9(a) 
 June 1, 2012 
 Graham Capital Management, L.P. 

Rock Ledge Financial Center 
 40 Highland Avenue

 Rowayton, CT 06853 
 Attention:
Mr. Paul Sedlack 
 Re: Management Agreement Renewals  
 Dear Mr. Sedlack: 
 We are writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2013 and all other provisions of the Management Agreements will remain unchanged.

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

  

	 	•	 	 Fairfield Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. II 

 

	 	•	 	 Tactical Diversified Futures Fund L.P. 

  

	 	•	 	 Fairfield Futures Fund L.P. II 

  

	 	•	 	 CMF Graham Capital Master Fund L.P. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1290. 
 Very truly yours, 

 

					
	 CERES MANAGED FUTURES LLC
	 	
			
	By:	 	 /s/ Brian Centner
	 	
		 	 Brian Centner
	 	
		 	Chief Financial Officer & Director	 	
		
	GRAHAM CAPITAL MANAGEMENT, L.P.	 	
			
	By:	 	 /s/ Paul Sedlack
	 	
		 	Print Name: Paul Sedlack	 	

 BC/srEX-10.10(a)

 Exhibit 10.10(a) 
 June 1, 2012 
 Waypoint Capital Management 

23 Greene St. Suite 210 
 Huntington, N.Y. 11743

 Attn: Mr. Robert Calabretta 
 Re: Management Agreement Renewals 
 Dear Mr. Calabretta: 

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management
Agreements”). We are extending the term of the Management Agreements through June 30, 2013 and all other provisions of the Management Agreements will remain unchanged. 

 

	 	•	 	 CTA Capital LLC 

  

	 	•	 	 Emerging CTA Portfolio L.P. 

  

	 	•	 	 Global Diversified Futures Fund L.P. 

  

	 	•	 	 Waypoint Master Fund L.P. 

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1290. 
 Very truly yours, 

 

					
	 CERES MANAGED FUTURES LLC
	 	
			
	By:	 	 /s/ Brian Centner
	 	
		 	 Brian Centner
	 	
		 	Chief Financial Officer & Director	 	
	
	WAYPOINT CAPITAL MANAGEMENT
			
	By:	 	 /s/ Robert E. Calabretta
	 	
		 	Print Name: Robert E. Calabretta	 	

 BC/sr

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