Management Agreement Renewal Letter between Ceres Managed Futures LLC and Principle Capital Management LLC (June 2014)
Ceres Managed Futures LLC and Principle Capital Management LLC have agreed to extend the term of their existing management agreements for the Emerging CTA Portfolio L.P. and Principle Master Fund L.P. through June 30, 2015. All other terms of the original agreements remain unchanged. The renewal is confirmed by both parties signing this letter. This extension ensures continued management services for the specified commodity pools for the stated period.
Exhibit 10.16(b)
June 1, 2014
Principle Capital Management LLC
1 Sansome Street
Suite 3500
San Francisco, CA 94104
Attention: Hai Chen
| Re: | Management Agreement Renewals |
Dear Mr. Chen:
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, 2015 and all other provisions of the Management Agreements will remain unchanged.
| • | Emerging CTA Portfolio L.P. |
| • | Principle Master Fund L.P. |
Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mrs. Alice Lonero 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/ Alice Lonero | |
| Alice Lonero | ||
| Chief Financial Officer | ||
| PRINCIPLE CAPITAL MANAGEMENT LLC | ||
| By: | /s/ Hai Chen | |
| Print Name: | Hai Chen | |
| AL/sr | ||
