SEC Contract Filing

Filing Date: 2016-03-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d152567dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution copy </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED
AND RESTATED ALTERNATIVE INVESTMENT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SELLING AGENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Amended and Restated Alternative Investment Selling Agent Agreement (&#147;Agreement&#148;) is dated as of March&nbsp;3, 2016, by and among each of the
limited partnerships listed on <U>Schedule 1</U> hereto (each, a &#147;Partnership,&#148; and together, the &#147;Partnerships&#148;), Ceres Managed Futures LLC, a Delaware limited liability company (the &#147;General Partner&#148;), and Morgan
Stanley Smith Barney LLC, a Delaware limited liability company, currently doing business as Morgan Stanley Wealth Management (&#147;MSSB&#148; or &#147;Placement Agent&#148;). Partnerships may be added to this Agreement upon the agreement of the
General Partner and MSSB. The listing of such partnership on <U>Schedule 1</U> hereto shall be evidence of such agreement. This Agreement supersedes all prior agreements between each Partnership, MSSB and the General Partner, including, but not
limited to, the Prior Agreement (as defined below) and those listed on <U>Schedule 2 hereto</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the offering and sale of units
of limited partnership or other interests in the Partnerships (&#147;Interests&#148; or &#147;Units&#148;) in accordance with the terms of each Partnership&#146;s private placement offering memorandum and disclosure document, including any
supplements thereto approved by the applicable Partnership (each, a &#147;Memorandum&#148;), each Partnership&#146;s subscription/exchange agreements (the &#147;Subscription Agreements&#148;) and certain other investor materials or supplements
approved for use or prepared by each Partnership, including without limitation, the summary information contained in certain related marketing materials, all as amended from time to time (collectively, the &#147;Offering Documents&#148;), and each
Partnership&#146;s organizational documents (as amended or supplemented from time to time, &#147;Organizational Documents&#148;) (collectively, &#147;Offering Materials&#148;) is exempt from the registration requirements of the Securities Act of
1933, as amended (the &#147;Securities Act&#148;), pursuant to Section&nbsp;4(a)(2) and Rule 506 of Regulation&nbsp;D promulgated thereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto previously entered into an Alternative Investment Placement Agent Agreement, dated as of October&nbsp;1, 2014 (the
&#147;Prior Agreement&#148;), as amended (the &#147;Prior Agreement&#148;) and now wish to amend and restate the Prior Agreement in its entirety; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Partnerships desire to retain MSSB as a placement agent and to permit it to serve as an investment advisor to its customers
investing in one or more of the Partnerships; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, MSSB (in its capacity as an investment advisor, the &#147;Investment
Advisor&#148;; <I>provided</I>, that other than with respect to <U>Sections 1</U> and <U>3</U>, references to &#147;Placement Agent&#148; in this Agreement shall be deemed to include the Investment Advisor) is an investment advisor providing
investment advisory and discretionary investment management services to its customers and it desires to have the right but not the obligation to promote and market, and to introduce prospective investors to the Partnership(s) subject to the
provisions below; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Partnership desires to grant such a right to the Investment Advisor. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the promises and the mutual agreements hereinafter contained and other good
and valuable consideration the value of which is hereby acknowledged, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Appointment of MSSB</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">a. MSSB is hereby appointed as a non-exclusive selling agent of the Partnerships during the term of this Agreement for the purpose of finding
eligible investors for Interests through offerings that are exempt from registration under the Securities Act, pursuant to Section&nbsp;4(a)(2) thereof and Rule 506 of Regulation D promulgated thereunder. For Managed Futures Strategic Alternatives,
L.P., MSSB is appointed as a non-exclusive placement agent during the term of this Agreement for the purpose of finding eligible investors that are &#147;qualified eligible persons&#148;, as defined in Commodity Futures Trading Commission Rule 4.7,
for Interests through offerings