Management Agreement Renewal Letter between Ceres Managed Futures LLC and Altis Partners (Jersey) Limited
Ceres Managed Futures LLC and Altis Partners (Jersey) Limited have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2012. All other terms and conditions of the original agreements remain unchanged. The extension applies to specific funds managed under the agreements. Both parties have acknowledged and accepted this extension by signing the letter.
Exhibit 10.1(b)
June 1, 2011
Altis Partners (Jersey) Limited
2 Hill Street St
Helier, Jersey
Channel Islands JE2 4UA
Attention: Mr. Stephen Hedgecock
Re: Management Agreement Renewals
Dear Mr. Hedgecock:
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.
| • | CTA Capital LLC |
| • | Global Diversified Futures Fund L.P. |
| • | Emerging CTA Portfolio L.P. |
| • | CMF Altis Partners Master Fund L.P. |
| • | Institutional Futures Portfolio L.P. |
| • | Global Futures Fund Ltd. |
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 and Director | ||||
| ALTIS PARTNERS (JERSEY) LIMITED | ||||
| By: | /s/ S. Hedgecock | |||
| Print Name: | S. Hedgecock | |||
| JM/sr | ||||
