Management Agreement Renewal Letter between Ceres Managed Futures LLC and Blackwater Capital Management LLC (June 2015)

Summary

Ceres Managed Futures LLC and Blackwater Capital Management LLC have agreed to extend the term of their existing management agreements for four commodity pools—Emerging CTA Portfolio L.P., Global Diversified Futures Fund L.P., Blackwater Master Fund L.P., and MSSB Spectrum Technical L.P.—through June 30, 2016. All other terms of the original agreements remain unchanged. The renewal is confirmed by both parties signing this letter.

EX-10.7(C) 2 d101889dex107c.htm EX-10.7(C) EX-10.7(c)

Exhibit 10.7(c)

June 1, 2015

Blackwater Capital Management, LLC

470 Headquarters Plaza

East Tower - 4th Floor

Morristown, N.J. 07960

Attention: Mr. Andy Silwanowicz

 

  Re: Management Agreement Renewals

Dear Mr. Silwanowicz:

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, 2016 and all other provisions of the Management Agreements will remain unchanged.

 

   

Emerging CTA Portfolio L.P.

   

Global Diversified Futures Fund L.P.

   

Blackwater Master Fund L.P.

   

MSSB Spectrum Technical 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, NY10036 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
BLACKWATER CAPITAL MANAGEMENT LLC
By:               /s/ Andrew Silwanowicz

Print Name:

  Andrew Silwanowicz

PE/kg