Management Agreement Renewal Letter between Ceres Managed Futures LLC and Graham Capital Management, L.P. (June 2016)
Ceres Managed Futures LLC and Graham Capital Management, L.P. have agreed to extend the term of their existing management agreements for four commodity pools until June 30, 2017. All other terms and conditions of the original agreements remain unchanged. The renewal is confirmed by both parties signing this letter. This extension ensures continued management services for the specified funds under the same terms as before.
Exhibit 10.3(a)
June 1, 2016
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, 2017 and all other provisions of the Management Agreements will remain unchanged.
| • | Diversified 2000 Futures Fund L.P. |
| • | Tactical Diversified Futures Fund L.P. |
| • | CMF Graham Capital Master Fund L.P. |
| • | MSMF Custom Solutions Fund 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 or fax to ###-###-####. If you have any questions, I can be reached at ###-###-#### or contact Jack Yuen at ###-###-####.
Very truly yours,
| CERES MANAGED FUTURES LLC |
| By: /s/ Patrick T. Egan |
| Patrick T. Egan |
| President and Director |
| GRAHAM CAPITAL MANAGEMENT, L.P. |
| By: /s/ Paul Sedlack |
| Print Name: Paul Sedlack |
| PE/kg |
