Management Agreement Renewal Extension between Ceres Managed Futures LLC and Willowbridge Associates Inc.

Summary

Ceres Managed Futures LLC and Willowbridge Associates Inc. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2013. All other terms and conditions of the original agreements remain unchanged. The extension applies to multiple funds managed by Willowbridge Associates Inc. Both parties have acknowledged the extension by signing this letter agreement.

EX-10.4(B) 5 d450391dex104b.htm EX-10.4(B) EX-10.4(b)

Exhibit 10.4(b)

June 1, 2012

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 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 Multi-Advisor Futures Fund L.P.

 

   

Diversified Multi-Advisor Futures Fund L.P. II

 

   

Tactical Diversified Futures Fund L.P.

 

   

CMF Willowbridge Argo Master Fund L.P.

 

   

Orion Futures Fund (Cayman) Ltd.

 

   

CTA Capital LLC

 

   

Emerging CTA Portfolio LP

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 ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,

 

CERES MANAGED FUTURES LLC
By:   /s/ Brian Centner
 

 

  Brian Centner
  Chief Financial Officer & Director
WILLOWBRIDGE ASSOCIATES INC.
By:   /s/ Steven R. Crane
 

 

Print Name:  

Steven R. Crane

BC/sr