Management Agreement Renewal Extension between Ceres Managed Futures LLC and Willowbridge Associates Inc.
Ceres Managed Futures LLC and Willowbridge Associates Inc. have agreed to extend the term of their existing management agreements for four commodity pools—Tactical Diversified Futures Fund L.P., CMF Willowbridge Master Fund L.P., Orion Futures Fund L.P., and Ceres Tactical Macro L.P.—through June 30, 2018. All other terms of the original agreements remain unchanged. The extension is confirmed by both parties signing this letter.
Exhibit 10.3(b)
June 1, 2017
Willowbridge Associates Inc.
101 Morgan Lane - Suite 180
Plainsboro, N.J. 08536
Attention: Mr. Steve R. Crane
| Re: | Management Agreement Renewals |
Dear Mr. Crane:
We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2018 and all other provisions of the Management Agreements will remain unchanged.
| • | Tactical Diversified Futures Fund L.P. |
| • | CMF Willowbridge Master Fund L.P. |
| • | Orion Futures Fund L.P. |
| • | Ceres Tactical Macro L.P. |
Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Patrick T. Egan at 522 Fifth Avenue – 7th Floor, New York, NY 10036. If you have any questions, I can be reached at ###-###-####.
Very truly yours,
| CERES MANAGED FUTURES LLC | ||
| By: | /s/ Patrick T. Egan | |
| Patrick T. Egan | ||
| President and Director | ||
| WILLOWBRIDGE ASSOCIATES INC. | ||
| By: | /s/ Steven R. Crane | |
| Print Name: | Steven R. Crane | |
| PE/tr | ||
