Letter Agreement Extending Management Agreements Between Ceres Managed Futures LLC and PGR Capital LLP (June 2011)
Ceres Managed Futures LLC and PGR Capital LLP have agreed to extend the term of their existing management agreements for four commodity pools—Emerging CTA Portfolio L.P., CTA Capital LLC, PGR Master Fund L.P., and Diversified 2000 Futures Fund L.P.—through June 30, 2012. All other terms of the original agreements remain unchanged. The extension is confirmed by signatures from both parties.
| June 1, 2011 | Exhibit 10.7(b) |
PGR Capital LLP
Gilmora House
57-61 Mortimer Street
London W1W 8HS,
UK
Attention: Casey Grylls
Re: Management Agreement Renewals
Dear Mr. Grylls:
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.
| • | Emerging CTA Portfolio L.P. |
| • | CTA Capital LLC |
| • | PGR Master Fund L.P. |
| • | Diversified 2000 Futures Fund L.P. |
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 & Director | ||
| PGR CAPITAL LLP | ||
| By: | /s/ Casey Grylls | |
| Print Name: | Casey Grylls | |
| JM/sr | ||
