Letter Agreement Extending Management Agreement Between Ceres Managed Futures LLC and SandRidge Capital, L.P.
Ceres Managed Futures LLC and SandRidge Capital, L.P. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2012. All other terms and conditions of the original management agreements remain unchanged. The extension applies to six specific funds managed by SandRidge Capital. Both parties have acknowledged and accepted this extension by signing the letter.
Exhibit 10.7(b)
June 1, 2011
SandRidge Capital, L.P.
1300 Post Oak Blvd., Suite 325
Houston, Texas 77056
Attention: Mr. Andrew M. Rowe
Re: Management Agreement Renewals
Dear Mr. Rowe:
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, 2012 and all other provisions of the Management Agreements will remain unchanged.
| • | Bristol Energy Fund L.P. |
| • | CMF SandRidge Master Fund L.P. |
| • | Diversified 2000 Futures Fund L.P. |
| • | Tactical Diversified Futures fund L.P. |
| • | Diversified Multi-Advisor Futures Fund L.P. |
| • | Diversified Multi-Advisor Futures Fund L.P. II |
Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro 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/ Jennifer Magro | |
| Jennifer Magro | ||
| Chief Financial Officer and Director |
| SANDRIDGE CAPITAL, L.P. | ||
| By: | /s/ Andrew M. Rowe | |
| Print Name: | Andrew M. Rowe | |
| JM/sr | ||
