Management Agreement Renewal Letter between Ceres Managed Futures LLC and Principle Capital Management LLC
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, 2014. All other terms and conditions of the original management agreements remain unchanged. The extension is confirmed by both parties signing this letter.
Exhibit 10.18(b)
June 1, 2013
Principle Capital Management LLC
1 Sansome Street
Suite 3500
San Francisco, CA 94104
Attention: Hai Chen
| Re: | Management Agreement Renewals |
Dear Hai:
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, 2014 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 Mr. Damian George 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/ Damian George | |
| Damian George | ||
| Chief Financial Officer & Director | ||
| PRINCIPLE CAPITAL MANAGEMENT LLC | ||
| By: | /s/ Hai Chen | |
| Print Name: | Hai Chen | |
| DG/sr | ||
