Management Agreement Renewal Extension between Ceres Managed Futures LLC and The Cambridge Strategy (Asset Mgt.) Ltd.
Ceres Managed Futures LLC and The Cambridge Strategy (Asset Mgt.) Ltd. have agreed to extend the term of their existing management agreement, which covers the management of several commodity pools, through June 30, 2016. All other terms and conditions of the original agreement remain unchanged. The renewal is confirmed by both parties signing this letter.
Exhibit 10.12(b)
June 1, 2015
The Cambridge Strategy (Asset Mgt.) Ltd.
Berger House
36-38 Berkeley Square, 7th Floor
Mayfair, London W1J5AE
UK
Attention: Mr. Tony Henry
| Re: | Management Agreement Renewal |
Dear Mr. Henry:
We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2016 and all other provisions of the Management Agreement will remain unchanged.
| • | Cambridge Master Fund L.P. |
| • | Emerging CTA Portfolio L.P. |
| • | MSSB Spectrum Currency & Commodity 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 | ||
| THE CAMBRIDGE STRATEGY (ASSET MGT.) LTD. | ||
| By: | /s/ Peter Henricks | |
| Print Name: | Peter Henricks | |
| PE/kg | ||
