Extension Letter for Management Agreements between Ceres Managed Futures LLC and Willowbridge Associates Inc.

Summary

Ceres Managed Futures LLC and Willowbridge Associates Inc. have agreed to extend their existing management agreements for several commodity pools until June 30, 2012. All other terms of the original agreements remain unchanged. The extension applies to multiple funds managed by Willowbridge. Both parties have acknowledged the extension by signing this letter.

EX-10.4B 2 d293567dex104b.htm LETTER EXTENDING MANAGEMENT AGREEMENT WITH WILLOWBRIDGE ASSOCIATES INC. Letter extending Management Agreement with Willowbridge Associates Inc.

Exhibit 10.4(b)

June 1, 2011

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, 2012 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.

 

   

Institutional Futures Portfolio LP

 

   

CMF Willowbridge Argo Master Fund L.P.

 

   

Orion Futures Fund (Cayman) Ltd.

 

   

CTA Capital LLC

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 & Director
WILLOWBRIDGE ASSOCIATES INC.
By:  

/s/ Stephen R. Crane

Print Name: Stephen R. Crane
JM/sr