Document:

exv10w9

Exhibit 10.9

DIAMOND MANAGEMENT & TECHNOLOGY CONSULTANTS, INC.

EMPLOYEE STOCK PURCHASE PLAN

     1. Purpose

The purpose of this Plan is to provide eligible employees of Diamond Management & Technology
Consultants, Inc., a Delaware corporation (the “Company”), and its Subsidiaries, who wish to
become shareholders in the Company a convenient method of doing so. It is believed that employee
participation in the ownership of the Company will be to the mutual benefit of the employees and
the Company. The Company intends this Plan to qualify as an “employee stock purchase plan” under
section 423 of the Code (including any amendments to or replacements of such section), and this
Plan shall be so construed. Any term not expressly defined in this Plan but defined for purposes
of section 423 of the Code shall have the same definition herein. A total of 2,500,000 shares of
the Company’s Common Stock are reserved for issuance under this Plan. Such number shall be
subject to adjustments effected in accordance with Section 15 of this Plan.

     2. Definitions

“Code” means the Internal Revenue Code of 1986, as amended.

“Committee” means the Company’s executive Management Committee, as constituted from time to time.

“Common Stock” means the Company’s common stock, par value $0.001 per share.

“Compensation” means with respect to a Participant, the portion of the Participant’s base salary
paid to the Participant during the applicable payroll period.

“Effective Date” means April 22, 2009.

“Eligible Employee” means an employee who is eligible to participate in the Plan pursuant to
Section 4.

“Enrollment Agreement” means an agreement between the Company and an Eligible Employee, in such
form as may be established by the Company from time to time, pursuant to which the employee
elects to participate in this Plan, or elects changes with respect to such participation as
permitted under the Plan.

“Enrollment Period” means the 24 month period commencing on a Grant Date.

“Fair Market Value” generally means the average of the closing price of a share of the Company’s
Common Stock on the NASDAQ Global Market System for the ten trading days immediately preceding
the Grant Date or the Purchase Date, as applicable.

“Grant Date” means April 22, 2009 and the first business day in each of August, November, February
and May thereafter.

“Maximum Share Amount” means $6,250 divided by the Fair Market Value of a share on the Grant Date.

“Notice Period” means the later of two (2) years from the Grant Date or one (1) year from the
Purchase Date on which shares were purchased.

“Option” means an option to purchase shares of Common Stock under the Plan, pursuant to the terms
and conditions thereof.

“Participant” means an Eligible Employee who is participating in the Plan pursuant to Section 5.

“Plan” means the Diamond Management & Technology Consultants, Inc. Employee Stock Purchase Plan, as
amended from time to time.

“Plan Account” means an account maintained by the Plan Administrator for each Participant to
which the Participant’s payroll deductions are credited, against which funds used to purchase
shares of Common Stock are charged and to which shares of Common Stock purchased are credited.

“Plan Administrator” means such other person or persons, including a committee, as may be appointed
by the Committee to administer the Plan.

“Purchase Date” means, except as provided in Section 18, the last day of a Purchase Period.

“Purchase Period” means the period beginning on April 22, 2009 and ending on the last business
day in July 2009, and the three-month period ending on the last business day in each of October,
January, April and July thereafter.

			
	 	 	 
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“Purchase Price” means the lesser of the Fair Market Value of a share of Common Stock on the
Grant Date of an Enrollment Period, or the Fair Market Value of a share of Common Stock on the
applicable Purchase Date of such Enrollment Period.

“Subsidiary” means any corporation, other than the Company, in an unbroken chain of corporations
beginning with the Company if, at the time of the granting of the Option, each of the
corporations other than the last corporation in the unbroken chain owns stock possessing 50% or
more of the total combined voting power of all classes of stock in one of the other corporations
in such chain.

     3. Stock Subject to the Plan

The aggregate number of shares of Common Stock that shall be available for purchase by
Participants under the Plan is 2,500,000 shares, subject to adjustment as permitted under
Section 15. The Company shall either make open-market purchases to provide shares of Common
Stock for purchase under the Plan or, at the discretion of the Committee, sell Treasury shares
or issue authorized but unissued shares of Common Stock.

     4. Eligible Employees

	 	4.1	 	An “Eligible Employee” means each employee of the Company and each employee of
a Subsidiary to which the Plan is extended by the Committee, except as otherwise
provided in Section 5.4.
	 
	 	4.2	 	Notwithstanding any provision of the Plan to the contrary, any individual whom
the Company or participating Subsidiary does not treat as an employee but is found to
be a common law employee (whether by a court, government agency or otherwise), even
if such determination has retroactive effect, shall not be an Eligible Employee
during such period if such individual (i) has worked for the Company or participating
Subsidiary for less than two years, (ii) has customarily worked 20 hours per week or
less for such entity, (iii) has customarily worked for such entity for no more than
five months in a calendar year, or (iv) is a highly compensated employee of such
entity (within the meaning of section 414(q) of the Code).

     5. Participation in the Plan

	 	5.1	 	Participation in the Plan is voluntary. An Eligible Employee may participate
in the Plan effective as of any Grant Date by enrolling in the Plan via an Enrollment
Agreement provided by the Plan Administrator and delivering such Enrollment Agreement
to the Plan Administrator or its designated representative during the enrollment
window established by the Plan Administrator prior to the Grant Date of the
Enrollment Period.
	 
	 	5.2	 	A Participant’s payroll deductions under the Plan shall commence on his/her
initial Grant Date, and shall continue, subject to Section 6.2, until the Eligible
Employee terminates participation in the Plan or the Plan is terminated; provided,
that such payroll deductions shall not commence until the Company has received such
Eligible Employee’s Enrollment Agreement and such Employee has received all
information required to be disclosed to such Employee under applicable securities
laws.
	 
	 	5.3	 	A Participant’s payroll deduction authorization shall be automatically renewed
effective on the Grant Date following the conclusion of his/her initial Enrollment
Period and each subsequent Enrollment Period unless he/she otherwise notifies the
Plan Administrator in writing at least 20 days in advance of such date.
	 
	 	5.4	 	Notwithstanding the foregoing, an Eligible Employee shall not be granted an
Option on any Grant Date if such Employee, immediately after the Option is granted,
owns stock possessing 5% or more of the total combined voting power or value of all
classes of stock of the Company or any Subsidiary. For purposes of this paragraph,
the rules of Code Section 424(d) shall apply in determining the stock ownership of an
individual, and stock which an Eligible Employee may purchase under outstanding
options shall be treated as stock owned by such Employee.

     6. Payroll Deductions; Changes in Payroll Deductions

	 	6.1	 	An Eligible Employee may participate in the Plan only through payroll deductions.
Payroll deductions shall be made from the Compensation paid to each Participant for each payroll period in such whole
percentage from 1% to 10% as the Participant shall authorize in his/her Enrollment
Agreement.
	 
	 	6.2	 	A Participant may elect to increase or decrease the amount of his/her payroll
deductions once during an enrollment window established by the Plan Administrator via an Enrollment Agreement. Any such change
shall not become effective sooner than the next Purchase Period after receipt of
his/her Enrollment Agreement, thereby establishing a new Enrollment Period.

     7. Termination of Participation in Plan

	 	7.1	 	A Participant may, at any time and for any reason, voluntarily
terminate participation in the Plan by written notification of
withdrawal delivered to the Plan Administrator, or as otherwise provided. Such
Participant’s payroll deductions under the Plan shall cease as soon as practicable
following delivery of such notice. If the former Participant remains employed by
the Company or any of its Subsidiaries after termination of his/her participation
in the Plan, any payroll deductions credited to such Participant’s

			
	 	 	 
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	 	 	 	Plan Account may be used to purchase shares of Common Stock on the next Purchase
Date or refunded, without interest, to the Participant, at the election of the
Participant. Except as provided in Section 10(ii), an Eligible Employee whose
participation in the Plan is terminated may rejoin the Plan no earlier than three
months following his/her withdrawal by re-enrolling via an Enrollment Agreement in
accordance with Section 5.1.
	 
	 	7.2	 	Termination of a Participant’s employment for any reason, including retirement, death or
the failure of a Participant to remain an
Eligible Employee of the Company or its Subsidiaries, immediately terminates
his/her participation in this Plan. In such event, accumulated payroll deductions
will be returned to him/her or, in the case of his/her death, to his/her legal
representative, without interest. For purposes of this Section 7.2, an employee
will not be deemed to have terminated employment or failed to remain in the
continuous employ of the Company or its Subsidiaries in the case of sick leave,
military leave, or any other legally protected leave or leave of absence approved
by the Committee; provided that such leave is for a period of not more than ninety
(90) days or reemployment upon the expiration of such leave is guaranteed by
contract or statute.

     8. Purchase of Shares; Issuance of Shares

	 	8.1	 	On each Grant Date, this Plan shall be deemed to have granted to the
Participant an option for as many shares as he/she will be able to purchase with the
amounts accumulated during his/her participation in that Enrollment Period, subject
to the limitations outlined in Section 9.
	 
	 	8.2	 	On each Purchase Date of an Enrollment Period, each Participant shall be
deemed, without any further action, to have purchased that number of whole shares of
Common Stock determined by dividing the Purchase Price on such date into the balance
in the Participant’s Plan Account on the Purchase Date. The balance in the
Participant’s Plan Account on the July 2009 Purchase Date will include applicable
carry forward amounts and deductions withheld under the prior Plan. Any amount
remaining in the Participant’s Plan Account shall be carried forward to the next
Purchase Date unless the Plan Account is closed.
	 
	 	8.3	 	As soon as practicable after each Purchase Date, a statement shall be
delivered to each Participant which shall include the number of shares of Common
Stock purchased on the Purchase Date on behalf of such Participant under the Plan.
	 
	 	8.4	 	Following the Purchase Date, the number of shares of common stock purchased by
each participant shall be deposited into an account established in the participant’s
name at the Plan’s broker.
	 
	 	8.5	 	A participant shall be free to undertake a disposition of the shares in
his/her account at any time, whether by sale, exchange, gift, or other transfer of
legal title, but in the absence of such a disposition of the shares, the shares must
remain in the participant’s account at the Plan’s broker until the Notice Period has
been satisfied, unless otherwise agreed to by the Committee. With respect to shares
for which the Notice Period has been satisfied, the participant may move those shares
to another brokerage account of participant’s choosing or request that a stock
certificate be issued and delivered to him/her.
	 
	 	8.6	 	Notwithstanding the above, a participant who is not subject to income taxation
under the Code may move his/her shares to another brokerage account of his/her
choosing or request that a stock certificate be issued and delivered to him/her at
any time, without regard to the satisfaction of the Notice Period.

     9. Limitations on Purchase of Shares

	 	9.1	 	No Participant may be granted an Option which permits his/her rights to
purchase Common Stock under the Plan, and any other stock purchase plan of the
Company or any Subsidiary that is qualified under section 423 of the Code, to accrue
at a rate which exceeds $6,250 of Fair Market Value of such stock (determined on the
Grant Date of such Option) for each Purchase Period of the Company in which the
Option is outstanding at any time.
	 
	 	9.2	 	The Company shall automatically suspend the payroll deductions of any
Participant as necessary to enforce such limit provided that when the Company
automatically resumes such payroll deductions, the Company must apply the rate in
effect immediately prior to such suspension.
	 
	 	9.3	 	If the Fair Market Value of a share on a Purchase Date is less than the Fair
Market Value of a share on the Grant Date then the maximum number of shares that may
be purchased by any Participant on such Purchase Date shall not exceed the Maximum
Share Amount.
	 
	 	9.4	 	No participant shall be entitled to purchase shares on a Purchase Date if the
Committee determines there shall be no purchase of shares on such Purchase Date
(whether due to the requirements of this Section 9 of the Plan or as the Committee
may otherwise deem necessary or desirable). If the Committee makes such a
determination, then contributions accumulated during the Purchase Period ending on
such Purchase Date shall be refunded (without interest unless otherwise determined by
the Committee) to participants, but such participants, notwithstanding the provisions
of Section 7.1 shall continue to be participants

			
	 	 	 
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	 	 	 	in the Enrollment Period of which such Purchase Period is a part unless the
automatic enrollment provisions of Section 10 are otherwise applicable.
	 
	 	9.5	 	If the number of shares to be purchased on a Purchase Date by all employees
participating in this Plan exceeds the number of shares then available for issuance
under this Plan, then the Company will make a pro rata allocation of the remaining
shares in as uniform a manner as shall be reasonably practicable and as the Committee
shall determine to be equitable. In such event, the Company shall give written notice
of such reduction of the number of shares to be purchased under a Participant’s
option to each Participant affected thereby.
	 
	 	9.6	 	Any payroll deductions accumulated in a Participant’s account which are not
used to purchase stock due to the limitations in this Section 9 shall be returned to
the Participant as soon as practicable after the end of the applicable Purchase
Period, without interest unless otherwise determined by the Committee.

     10. Automatic Withdrawal

If the Fair Market Value of the Shares on any Purchase Date of an Enrollment Period is less than
the Fair Market Value of the Shares on the Grant Date for such Enrollment Period, then every
participant shall automatically: (i) be withdrawn from such Enrollment Period at the close of
such Purchase Date and after the acquisition of Shares for such Enrollment Period, and (ii) be
re-enrolled in the Enrollment Period commencing on the first business day subsequent to such
Purchase Date, notwithstanding the last sentence of Section 7.1.

     11. Notice of Disposition

Each Participant shall notify the Company if the Participant disposes of any of the shares
purchased in any Enrollment Period pursuant to this Plan if such disposition occurs within the
Notice Period. Unless such Participant is disposing of any of such shares during the Notice
Period, such Participant shall keep the certificates representing such shares in his/her name
(and not in the name of a nominee) during the Notice Period. The Company may, at any time during
the Notice Period, place a legend or legends on any certificate representing shares acquired
pursuant to this Plan requesting the Company’s transfer agent to notify the Company of any
transfer of the shares. The obligation of the Participant to provide such notice shall continue
notwithstanding the placement of any such legend on the certificates.

     12. Rights as a Stockholder

A Participant shall not be treated as the owner of Common Stock until the Purchase Date of such
stock under the Plan. As of the Purchase Date a Participant shall be treated as the record owner
of his/her shares purchased on such date pursuant to the Plan.

     13. Rights Not Transferable

Rights under the Plan are not transferable by a Participant other than by will or the laws of
descent and distribution, and are exercisable during the Participant’s lifetime only by the
Participant or by the Participant’s guardian or legal representative. No rights or payroll
deductions of a Participant shall be subject to execution, attachment, levy, garnishment or
similar process.

     14. Application of Funds

All funds of Participants received or held by the Company under the Plan before purchase of the
shares of Common Stock shall be held by the Company without liability for interest or other
increment.

     15. Adjustments in Case of Changes Affecting Shares

In the event of a subdivision or consolidation of outstanding shares of Common Stock of the
Company, or the payment of a stock dividend, the number of shares approved for the Plan shall be
increased or decreased proportionately, and such other adjustment shall be made as may be deemed
equitable by the Plan Administrator. In the event of any other change affecting the Common
Stock, such adjustment shall be made as shall be deemed equitable by the Plan Administrator to
give proper effect to such event.

     16. Administration of the Plan

The Plan shall be administered by the Plan Administrator. The Plan Administrator shall have
authority to make rules and regulations for the administration of the Plan, and its
interpretations and decisions with regard to the Plan and such rules and regulations shall be
final and conclusive. It is intended that the Plan shall at all times meet the requirements of
Code section 423, if applicable, and the Plan Administrator shall, to the extent possible,
interpret the provision of the Plan so as to carry out such intent.

     17. Amendments to the Plan

The Committee may, at any time, or from time to time, amend or modify the Plan; provided,
however, that no amendment shall be made increasing or decreasing the number of shares
authorized for the Plan (other than as provided in Section 15 or 18), and that, except to
conform the Plan to the requirements of the Code, no amendment shall be made which would cause
the Plan to fail to meet the applicable requirements of Code section 423.

     18. Termination of Plan

			
	 	 	 
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The Plan shall terminate upon the earliest of: (i) April 30, 2019, (ii) the date no more shares
remain to be purchased under the Plan, or (iii) the termination of the Plan by the Board of
Directors of the Company as specified below. The Board of Directors of the Company may terminate
the Plan as of any date. The date of termination of the Plan shall be deemed a Purchase Date. If
on such Purchase Date, Participants in the aggregate have Options to purchase more shares of
Common Stock than are available for purchase under the Plan, each Participant shall be eligible
to purchase a reduced number of shares of Common Stock on a pro rata basis in proportion to
his/her Plan Account balance on such Purchase Date, and any excess payroll deductions shall be
returned to Participants, all as provided by rules and regulations adopted by the Plan
Administrator.

     19. Costs

All costs and expenses incurred in administering the Plan shall be paid by the Company. Any
costs or expenses of selling shares of Common Stock acquired pursuant to the Plan shall be borne
by the holder thereof.

     20. Governmental Regulations

The Company’s obligation to sell and deliver its Common Stock pursuant to the Plan is subject to
the approval of any governmental authority required in connection with the authorization,
issuance or sale of such stock.

     21. Applicable Law

This Plan shall be interpreted under the laws of the United States of America and, to the extent
not inconsistent therewith, by the laws of the State of Illinois. This Plan is not intended to
be subject to the Employee Retirement Income Security Act of 1974, as amended, but is intended
to comply with section 423 of the Code, if applicable. Any provisions required to be set forth
in this Plan by such Code section are hereby included as fully as if set forth in the Plan in
full.

     22. Effect on Employment

The provisions of this Plan shall not affect the right of the Company or any Subsidiary or any
Participant to terminate the Participant’s employment with the Company or any Subsidiary.

     23. Withholding

The Company reserves the right to withhold from stock or cash distributed to a Participant any
amounts which it is required by law to withhold.

     24. Sale of Company

In the event of a proposed sale of all or substantially all of the assets of the Company or a
merger of the Company with or into another corporation, the Company shall require that each
outstanding Option be assumed or an equivalent right to purchase stock of the successor or
purchaser corporation be substituted by the successor or purchaser corporation, unless the Plan
is terminated.

			
	 	 	 
	Diamond Management & Technology Consultants, Inc. Employee Stock Purchase Plan - 2009
	 	Page 5exv10w01

Exhibit 10.01

ADMINISTRATION, ACCOUNTING AND INVESTOR SERVICES AGREEMENT

          THIS AGREEMENT is made as of      , 2008 by and between SUPERFUND, GOLD L.P., a Delaware
limited partnership (the “Partnership”), and PNC GLOBAL INVESTMENT SERVICING (U.S.) INC., a
Massachusetts corporation (“PNC”). Capitalized terms not otherwise defined shall have the
meanings set forth in Appendix A.

BACKGROUND

          The Partnership wishes to retain PNC to provide administration, accounting and investor
services provided for herein, and PNC wishes to furnish such services.

          NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained,
and intending to be legally bound hereby, the parties hereto agree as follows:

1. Appointment. The Partnership hereby appoints PNC to provide administration, accounting
and investor services in accordance with the terms set forth in this Agreement. PNC accepts such
appointment and agrees to furnish such services. PNC shall be under no duty to take any action
hereunder on behalf of the Partnership except as specifically set forth herein or as may be
specifically agreed to by PNC and the Partnership in a written amendment hereto. PNC shall not
bear, or otherwise be responsible for, any fees, costs or expenses charged by any third party
service providers engaged by the Partnership or by any other third party service provider to the
Partnership.

2. Instructions.

          (a) Unless otherwise provided in this Agreement, PNC shall act only upon Oral Instructions or
Written Instructions.

          (b) PNC shall be entitled to rely upon any Oral Instruction or Written Instruction it receives
from an Authorized Person (or from a person reasonably believed by PNC to be an Authorized Person)
pursuant to this Agreement. PNC may assume that any Oral Instruction or Written Instruction
received hereunder is not in any way inconsistent with the provisions of the Partnership’s offering
or organizational documents or this Agreement or of any vote, resolution or proceeding of the
Partnership’s General Partner or Limited Partners, unless and until PNC receives Written
Instructions to the contrary.

          (c) The Partnership agrees to forward to PNC Written Instructions confirming Oral Instructions
(except where such Oral Instructions are given by PNC or its affiliates) so that PNC receives the
Written Instructions as promptly as practicable and in any event by the close of business on the
day after such Oral Instructions are received. The fact that such confirming Written Instructions
are not received by PNC or differ from the Oral Instructions shall in no way

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invalidate the transactions or enforceability of the transactions authorized by the Oral
Instructions or PNC’s ability to rely upon such Oral Instructions.

3. Right to Receive Advice.

          (a) Advice of the Partnership. If PNC is in doubt as to any action it should or
should not take, PNC may request directions or advice, including Oral Instructions or Written
Instructions, from the Partnership.

          (b) Advice of Counsel. If PNC shall be in doubt as to any question of law pertaining
to any action it should or should not take, PNC may request advice from counsel of its own choosing
(who may be counsel for the Partnership, the General Partner or PNC, at the option of PNC).

          (c) Conflicting Advice. In the event of a conflict between directions or advice or
Oral Instructions or Written Instructions PNC receives from the Partnership and the advice PNC
receives from counsel, PNC may rely upon and follow the advice of counsel.

          (d) No Obligation to Seek Advice. Nothing in this section shall be construed so as to
impose an obligation upon PNC to seek such directions or advice or Oral Instructions or Written
Instructions.

4. Records; Visits.

          (a) The books and records pertaining to the Partnership which are in the possession or under
the control of PNC shall be the property of the Partnership. The Partnership and Authorized
Persons shall have access to such books and records at all times during PNC’s normal business
hours. Upon the reasonable request of the Partnership, copies of any such books and records shall
be provided by PNC to the Partnership or to an Authorized Person, at the Partnership’s expense.
Any such books or records may be maintained in the form of electronic media and stored on any
magnetic disk or tape or similar recording method.

          (b) PNC shall keep the following records:

	 	(i)	 	all books and records with respect to the Partnership’s books
of account;
	 
	 	(ii)	 	records of the Partnership’s securities transactions; and
	 
	 	(iiii)	 	all documents received or generated by PNC in the course of providing
services to the Partnership in accordance with this Agreement to the extent
such documents are required to be maintained pursuant to PNC’s document
retention policies.

          PNC may house these records in a third party storage facility.

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5. Confidentiality.

	 	(a)	 	Each party shall keep confidential any information relating to the other
party’s business (“Confidential Information”). Confidential Information shall
include:

	 	(i)	 	any data or information that is competitively sensitive
material, and not generally known to the public, including, but not limited to,
information about product plans, marketing strategies, finances, operations,
customer relationships, customer profiles, customer lists, sales estimates,
business plans, and internal performance results relating to the past, present
or future business activities of the Partnership or PNC, their respective
subsidiaries and affiliated companies;
	 
	 	(ii)	 	any scientific or technical information, design, process,
procedure, formula, or improvement that is commercially valuable and secret in
the sense that its confidentiality affords the Partnership or PNC a competitive
advantage over its competitors;
	 
	 	(iii)	 	all confidential or proprietary concepts, documentation,
reports, data, specifications, computer software, source code, object code,
flow charts, databases, inventions, know-how, and trade secrets, whether or not
patentable or copyrightable; and
	 
	 	(iv)	 	anything designated as confidential.

	 	(b)	 	Notwithstanding the foregoing, information shall not be Confidential
Information and shall not be subject to such confidentiality obligations if it:

	 	(i)	 	is already known to the receiving party at the time it is
obtained;
	 
	 	(ii)	 	is or becomes publicly known or available through no wrongful
act of the receiving party;
	 
	 	(iii)	 	is rightfully received from a third party who, to the best of
the receiving party’s knowledge, is not under a duty of confidentiality;
	 
	 	(iv)	 	is released by the protected party to a third party without
restriction;
	 
	 	(v)	 	is requested or required to be disclosed by the receiving party
pursuant to a court order, subpoena, governmental or regulatory agency request
or law;
	 
	 	(vi)	 	is relevant to the defense of any claim or cause of action
asserted against the receiving party (provided the receiving party will: (a)
provide the other party with written notice of the same, to the extent such
notice is permitted and refrain from making such disclosure for a reasonable
period of time;

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	 	 	 	and (b) take all reasonably appropriate action to maintain the
confidentiality of such information during such defense);
	 
	 	(vii)	 	is Partnership information provided by PNC in connection with
an independent third party compliance or other review;
	 
	 	(viii)	 	is necessary for PNC to release such information in connection with the
provision of services under this Agreement (provided that the recipient of such
information is subject to substantially the same confidentiality provisions as
PNC is subject to hereunder); or
	 
	 	(ix)	 	has been or is independently developed or obtained by the
receiving party.

	 	(c)	 	The provisions of this Section 5 shall survive termination of this Agreement
for a period of three (3) years after such termination.

6. Liaison with Accountants. PNC shall act as liaison with the Partnership’s independent
public accountants and shall provide account analyses, fiscal year summaries, and other
audit-related schedules with respect to the Partnership. PNC shall take all reasonable action in
the performance of its duties under this Agreement to assure that the necessary information is made
available to such accountants for the expression of their opinion, as required by the Partnership.

7. PNC System. PNC shall retain title to and ownership of any and all data bases, computer
programs, screen formats, report formats, interactive design techniques, derivative works,
inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents,
copyrights, trade secrets, and other related legal rights utilized by PNC in connection with the
services provided by PNC to the Partnership. The Partnership and the General Partner shall retain
title to and ownership of any and all data bases, computer programs, screen formats, report
formats, interactive design techniques, derivative works, inventions, discoveries, patentable or
copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related
legal rights created or developed by Partnership and General Partner or their affiliates and used
in connection with the services provided by PNC to the Partnership.

8. Disaster Recovery. PNC shall enter into and shall maintain in effect with appropriate
parties one or more agreements making reasonable provisions for emergency use of electronic data
processing equipment to the extent appropriate equipment is available. In the event of equipment
failures, PNC shall, at no additional expense to the Partnership, take reasonable steps to minimize
service interruptions. PNC shall have no liability with respect to the loss of data or service
interruptions caused by equipment failure, provided such loss or interruption is not caused by
PNC’s own breach of its Standard of Care (defined in Section 10 below) in the performance of its
duties or obligations under this Agreement.

9. Compensation.

	 	(a)	 	As compensation for services set forth herein that are rendered by PNC during the

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term of this Agreement, the Partnership will pay to PNC a fee or fees as may be agreed to in
writing by the Partnership and PNC.

          (b) The undersigned hereby represents and warrants to PNC that (i) the terms of this
Agreement, (ii) the fees and expenses associated with this Agreement, and (iii) any benefits
accruing to PNC or to the adviser or sponsor to the Partnership in connection with this Agreement,
including but not limited to any fee waivers, conversion cost reimbursements, up front payments,
signing payments or periodic payments made or to be made by PNC to such adviser or sponsor or any
affiliate of the Partnership relating to this Agreement have been fully disclosed to the General
Partner and that, if required by applicable law, such General Partner has approved or will approve
the terms of this Agreement, any such fees and expenses, and any such benefits.

          (c) Notwithstanding the limitation of liability provisions of this Agreement or the
termination of this Agreement, the Partnership shall remain responsible for paying to PNC the fees
set forth in the applicable fee letter.

10. Standard of Care/Limitations of Liability.

          (a) Subject to the terms of this Section 10, PNC shall be liable to the Partnership (or any
person or entity claiming through the Partnership) for damages only to the extent caused by PNC’s
own intentional misconduct, bad faith or negligence with respect to its duties under this Agreement
(“Standard of Care”).

          (b) Notwithstanding anything in this Agreement (whether contained anywhere in Sections 12-14
or otherwise) to the contrary, Partnership hereby acknowledges and agrees that (i) PNC, in the
course of providing tax-related services or calculating and reporting portfolio performance
hereunder, may rely upon PNC’s reasonable interpretation of tax positions or its interpretation of
relevant circumstances (as reasonably determined by PNC) in providing such tax services and in
determining methods of calculating portfolio performance to be used, and that (ii) PNC shall not be
liable for losses or damages of any kind associated with such reliance except to the extent such
loss or damage is substantially due to PNC’s breach of its Standard of Care hereunder.

          (c) Notwithstanding anything in this Agreement to the contrary, without limiting anything in
the immediately preceding sentence, Partnership hereby acknowledges and agrees that PNC shall not
be liable for any losses or damages of any kind associated with any tax filings with which PNC has
assisted in any way except to the extent such loss or damage is substantially due to PNC’s breach
of its Standard of Care hereunder; provided, however, that PNC shall not be found to have been
grossly negligent for losses or damages associated with areas of responsibility that the judiciary,
regulators (or other governmental officials) or members of the hedge fund industry determine would
otherwise apply to PNC (or similar service providers) and which, as of the date hereof, have yet to
be identified by such parties as areas for which PNC (or any similar service provider) is (or would
be) responsible.

          (d) PNC’s cumulative liability to the Fund and any person or entity claiming through

5

 

the Fund for any loss, claim, suit, controversy, breach or damage of any nature whatsoever
(including but not limited to those arising out of or related to this Agreement) and regardless of
the form of action or legal theory (“Loss”) due to the negligence of PFPC (but not gross
negligence, fraud or intentional misconduct of PNC’s duties under this Agreement), including any
indemnification obligation under Section 11(b) hereunder, shall not exceed $1,000,000.

          (e) PNC shall not be liable for damages (including without limitation damages caused by
delays, failure, errors, interruption or loss of data) occurring directly or indirectly by reason
of circumstances beyond its reasonable control, including without limitation acts of God; action or
inaction of civil or military authority; national emergencies; public enemy; war; terrorism; riot;
fire; flood; catastrophe; sabotage; epidemics; labor disputes; civil commotion; interruption, loss
or malfunction of utilities, transportation, computer or communications capabilities; insurrection;
elements of nature; non-performance by a third party; failure of the mails; or functions or
malfunctions of the internet, firewalls, encryption systems or security devices caused by any of
the above.

          (f) PNC shall not be under any duty or obligation to inquire into and shall not be liable for
the validity or invalidity, authority or lack thereof, or truthfulness or accuracy or lack thereof,
of any instruction, direction, notice, instrument or other information which PNC reasonably
believes to be genuine. PNC shall not be liable for any damages that are caused by reasonable
actions or omissions taken by PNC in accordance with Oral Instructions or Written Instructions or
advice of counsel. PNC shall not be liable for any damages arising out of any action or omission
to act by any prior service provider of the Partnership or for any failure to discover any such
error or omission.

          (g) Neither PNC nor its affiliates shall be liable for any consequential, incidental,
exemplary, punitive, special or indirect damages, whether or not the likelihood of such damages was
known by PNC or its affiliates.

          (h) No party may assert a cause of action against PNC or any of its affiliates that allegedly
occurred more than 12 months immediately prior to the filing of the suit (or, if applicable,
commencement of arbitration proceedings) alleging such cause of action.

          (i) Each party shall have a duty to mitigate damages for which the other party may become
responsible.

          (j) This Section 10 shall survive termination of this Agreement.

11. Indemnification.

          (a) Absent PNC’s failure to meet its Standard of Care (defined in Section 10 above), the
Partnership agrees to indemnify, defend and hold harmless PNC and its affiliates and their
respective directors, trustees, officers, agents and employees from all claims, suits, actions,
damages, losses, liabilities, obligations, costs and reasonable expenses (including attorneys’ fees
and court costs, travel costs and other reasonable out-of-pocket costs related to dispute
resolution) arising directly or indirectly from: (a) any action or omission to act by any prior

6

 

service provider of the Partnership; and (b) any action taken or omitted to be taken by PNC in
connection with the provision of services to the Partnership.

          (b) Subject to Section 10(d) above, PNC agrees to indemnify and hold the Partnership and/or
the General Partner harmless from any and all expenses, costs, damages, or causes of action,
including, but not limited to, reasonable attorney’s fees, incurred by the Partnership and/or the
General Partner (“Partnership Indemnified Party”), to the extent arising directly out of
PNC’s failure to meet its Standard of Care hereunder; provided, however, that no Partnership
Indemnified Party shall be entitled to indemnification hereunder from any losses directly or
indirectly caused by a Partnership Indemnified Party’s own intentional misconduct, bad faith, gross
negligence or reckless disregard.

          (c) This Section 11 shall survive termination of this Agreement.

12. Description of Accounting Services on a Continuous Basis. PNC will perform the
following accounting services if required with respect to the Partnership:

	 	(i)	 	Journalize investment, capital and income and expense
activities;
	 
	 	(ii)	 	Record futures trading activity by receiving a data file from
each of the Partnership’s futures brokers at the end of each month and posting
the activity to the Fund’s general ledger;
	 
	 	(iii)	 	Calculate contractual expenses, including management fees and
incentive allocation, as applicable, in accordance with the Partnership’s
Limited Partnership Agreement;
	 
	 	(iv)	 	Post to and prepare the Statement of Assets and Liabilities and
the Statement of Operations in U.S. dollar terms;
	 
	 	(v)	 	Monitor the expense accruals and notify an officer of the
Partnership of any proposed adjustments;
	 
	 	(vi)	 	Determine net income;
	 
	 	(vii)	 	Obtain futures market quotes and currency exchange rates
directly from the Partnership’s futures brokers, or such other source
designated by the Partnership’s General Partner, and in either case calculate
the market value of the Partnership’s investments in accordance with applicable
valuation policies or guidelines provided by the Partnership to PFPC and
acceptable to PFPC;
	 
	 	(viii)	 	Transmit or mail a copy of the portfolio valuation to the Adviser as agreed
upon between the Partnership and PFPC;
	 
	 	(viii)	 	Arrange for the computation of the net asset value in accordance with the

7

 

	 	 	 	provisions of the offering memorandum;
	 
	 	(ix)	 	Prepare financial statements and supporting schedules for
inclusion in the Fund’s Form 10-Q and Form 10-K, registration statement, and
other regulatory filings; and
	 
	 	(x)	 	Perform all other accounting services necessary in connection
with the Partnership and agreed to by the parties.

13. Description of Administration Services on a Continuous Basis. PNC will perform
the following administration services if required with respect to the Partnership:

	 	(i)	 	Supply various normal and customary Partnership statistical
data as requested on an ongoing basis;
	 
	 	(ii)	 	Prepare and coordinate printing of Partnership’s annual reports;
	 
	 	(ii)	 	Copy the General Partner on routine correspondence sent to Limited Partners;
and
	 
	 	(iv)	 	Perform such additional administrative duties necessary in
connection with the Partnership and agreed to by the parties.

14. Description of Investor Services on a Continuous Basis. PNC will perform the
following functions:

	 	(i)	 	Maintain the register of Limited Partners of the Partnership
and enter on such register all issues, transfers and repurchases of interests
in the Partnership;
	 
	 	(ii)	 	Arrange for the calculation of the issue and repurchase prices
of interests in the Partnership in accordance with the Limited Partnership
Agreement;
	 
	 	(iii)	 	Allocate income, expenses, gains and losses to individual
Partners’ capital accounts in accordance with the Partnership’s Limited
Partnership Agreement; and
	 
	 	(iv)	 	Calculate the Incentive Allocation, if applicable, in
accordance with the Limited Partnership Agreement and reallocate corresponding
amounts from the applicable Limited Partners’ capital accounts to the General
Partners’ capital account; and
	 
	 	(v)	 	Perform all other investor services necessary in connection
with the Partnership and agreed to by the parties.

15. Duration and Termination. This Agreement shall continue until terminated by

8

 

the Partnership or by PNC on one hundred and twenty (120) days’ prior written notice to the
other party. In the event the Partnership gives notice of termination, all reasonable expenses
associated with movement (or duplication) of records and materials and conversion thereof to a
successor service provider (or each successive service provider, if there are more than one), and
all reasonable trailing expenses incurred by PNC, will be borne by the Partnership.

16. Change of Control. Notwithstanding any other provision of this Agreement, in the
event of an agreement to enter into a transaction that would result in a Change of Control of the
General Partner, Adviser or sponsor of the Partnership, the Partnership’s ability to terminate the
Agreement pursuant to Section 15 will be suspended from the time of such agreement until two years
after the Change of Control.

17. Notices. All notices and other communications, including Written Instructions but
excluding Oral Instructions, shall be in writing or by confirming facsimile sending device. If
notice is sent by confirming facsimile sending device, it shall be deemed to have been given
immediately. If notice is sent by first-class mail, it shall be deemed to have been given seven
days after it has been mailed. If notice is sent by messenger, it shall be deemed to have been
given on the day it is delivered. Notices shall be addressed (a) if to PNC, at 301 Bellevue
Parkway, Wilmington, DE 19809, attn: President (or such address as PNC may inform the Partnership
in writing); (b) if to the Partnership, at the address of the Partnership; or (c) if to neither of
the foregoing, at such other address as shall have been provided by like notice to the sender of
any such notice or other communication by the other party.

18. Amendments. This Agreement, or any term thereof, may be changed or waived only by
written amendment, signed by the party against whom enforcement of such change or waiver is sought.

19. Delegation; Assignment. PNC may assign its rights and delegate its duties
hereunder to any majority-owned direct or indirect subsidiary of PNC or of The PNC Financial
Services Group, Inc., provided that PNC gives the Partnership thirty (30) days prior written notice
of such assignment or delegation.

20. Facsimile Signatures; Counterparts. This Agreement may be executed in one more
counterparts; such execution of counterparts may occur by manual signature, facsimile signature,
manual signature transmitted by means of facsimile transmission or manual signature contained in an
imaged document attached to an email transmission; and each such counterpart executed in accordance
with the foregoing shall be deemed an original, with all such counterparts together constituting
one and the same instrument. The exchange of executed copies of this Agreement or of executed
signature pages to this Agreement by facsimile transmission or as an imaged document attached to an
email transmission shall constitute effective execution and delivery hereof and may be used for all
purposes in lieu of a manually executed copy of this Agreement.

21. Further Actions. Each party agrees to perform such further acts and execute such
further documents as are necessary to effectuate the purposes hereof.

9

 

22. Miscellaneous.

          (a) Entire Agreement. This Agreement embodies the entire agreement and understanding
between the parties and supersedes all prior agreements and understandings relating to the subject
matter hereof, provided that the parties may embody in one or more separate documents their
agreement, if any, with respect to delegated duties. Notwithstanding any provision hereof, the
services of PNC are not, nor shall they be construed as constituting, legal advice or the provision
of legal services for or on behalf of the Partnership or any other person. Neither this Agreement
nor the provision of services under this Agreement establishes or is intended to establish an
attorney-client relationship between the Partnership and PNC.

          (b) Non-Solicitation. During the term of this Agreement and for one year thereafter,
the Partnership shall not (with the exceptions noted in the immediately succeeding sentence)
knowingly solicit or recruit for employment or hire any of PNC’s employees, and the Partnership
shall cause the Partnership’s sponsor and the Partnership’s affiliates to not (with the exceptions
noted in the immediately succeeding sentence) knowingly solicit or recruit for employment or hire
any of PNC’s employees. To “knowingly” solicit, recruit or hire within the meaning of this
provision does not include, and therefore does not prohibit, solicitation, recruitment or hiring of
a PNC employee by the Partnership, the Partnership’s sponsor or an affiliate of the Partnership if
the PNC employee was identified by such entity solely as a result of the PNC employee’s response to
a general advertisement by such entity in a publication of trade or industry interest or other
similar general solicitation by such entity.

          (c) No Changes that Materially Affect Obligations. Notwithstanding anything in this
Agreement to the contrary, the Partnership agrees not to make any modifications to its offering or
organizational documents or adopt any policies which would affect materially the obligations or
responsibilities of PNC hereunder without prior written notice to PNC, provided that the scope of
services to be provided by PNC under this Agreement shall not be increased as a result of any such
modification or of any new or revised regulatory or other requirements that may become applicable
with respect to the Partnership, unless the parties hereto expressly agree to any such increase.

          (d) Captions. The captions in this Agreement are included for convenience of
reference only and in no way define or delimit any of the provisions hereof or otherwise affect
their construction or effect.

          (e) Information. The Partnership will provide such information and documentation as
PNC may reasonably request in connection with services provided by PNC to the Partnership,
including without limitation copies of its organizational documents and Offering Documents, and any
supplements, updates or amendments thereto.

          (f) Governing Law. This Agreement shall be deemed to be a contract made in Delaware
and governed by Delaware law without regard to principles of conflict of law.

          (g) Partial Invalidity. If any provision of this Agreement shall be held or made
invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not
be affected thereby.

10

 

          (h) Parties in Interest. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and permitted assigns. Except as may
be explicitly stated in this Agreement, (i) this Agreement is not for the benefit of any other
person or entity and (ii) there shall be no third party beneficiaries hereof.

          (i) No Representations or Warranties. Except as expressly provided in this Agreement,
PNC hereby disclaims all representations and warranties, express or implied, made to the
Partnership or any other person, including, without limitation, any warranties regarding quality,
suitability, merchantability, fitness for a particular purpose or otherwise (irrespective of any
course of dealing, custom or usage of trade), of any services or any goods provided incidental to
services provided under this Agreement. PNC disclaims any warranty of title or non-infringement
except as otherwise set forth in this Agreement.

          (j) Customer Identification Program Notice. To help the U.S. government fight the
funding of terrorism and money laundering activities, U.S. Federal law requires each financial
institution to obtain, verify, and record certain information that identifies each person who
initially opens an account with that financial institution on or after October 1, 2003. Certain of
PNC’s affiliates are financial institutions, and PNC may, as a matter of policy, request (or may
have already requested) the Partnership’s name, address and taxpayer identification number or other
government-issued identification number, and, if such party is a natural person, that party’s date
of birth. PNC may also ask (and may have already asked) for additional identifying information, and
PNC may take steps (and may have already taken steps) to verify the authenticity and accuracy of
these data elements.

[Signature Page Follows]

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          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	PNC GLOBAL INVESTMENT SERVICING (U.S.) INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 
	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	SUPERFUND GOLD, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 
	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 

	 	 

12

 

APPENDIX A

Definitions

As used in this Agreement:

	 	(a)	 	“Authorized Person” means any officer of the Partnership and any other
person duly authorized by the Partnership’s General Partner to give Oral Instructions
or Written Instructions on behalf of the Partnership. An Authorized Person’s scope of
authority may be limited by setting forth such limitation in a written document signed
by both parties hereto.
	 
	 	(b)	 	“Change of Control” means a change in ownership or control (not
including transactions between wholly-owned direct or indirect subsidiaries of a common
parent) of 25% or more of the beneficial ownership of the shares of
common stock or shares of beneficial interest of an entity or its parent(s).
	 
	 	(c)	 	“General Partner,” “Limited Partners,” and “Partners” shall have the
same meanings as set forth in the Partnership’s limited partnership agreement or other
applicable organizational document.
	 
	 	(d)	 	“Interests” mean the shares or units of beneficial interest of any
series or class of the Partnership.
	 
	 	(e)	 	“Oral Instructions” mean oral instructions received by PNC from an
Authorized Person or from a person reasonably believed by PNC to be an Authorized
Person. PNC may, in its sole discretion in each separate instance, consider and rely
upon instructions it receives from an Authorized Person via electronic mail as Oral
Instructions.
	 
	 	(f)	 	“Written Instructions” mean (i) written instructions signed by an
Authorized Person (or a person reasonably believed by PNC to be an Authorized Person)
and received by PNC or (ii) trade instructions transmitted (and received by PNC) by
means of an electronic transaction reporting system access to which requires use of a
password or other authorized identifier. The instructions may be delivered
electronically (with respect to sub-item (ii) above) or by hand, mail or facsimile
sending device.

13

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