Letter Agreement Extending Management Agreements Between Ceres Managed Futures LLC and Blackwater Capital Management LLC
Ceres Managed Futures LLC and Blackwater Capital Management LLC have agreed to extend the term of their existing management agreements for several commodity pools, including CTA Capital LLC, Emerging CTA Portfolio L.P., Global Diversified Futures Fund L.P., and Blackwater Master Fund L.P., through June 30, 2012. All other terms of the original management agreements remain unchanged. The extension is confirmed by signatures from both parties.
| June 1, 2011 | Exhibit 10.8 (b) |
Blackwater Capital Management, LLC
36 Cattano Avenue
Suite 601
Morristown, N.J. 07960
Attention: Mr. Andy Silwanowicz
Re: Management Agreement Renewals
Dear Mr. Silwanowicz:
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 |
| • | Emerging CTA Portfolio L.P. |
| • | Global Diversified Futures Fund L.P. |
| • | Blackwater Master 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 | ||
| BLACKWATER CAPITAL MANAGEMENT LLC | ||
| By: | /s/ Andy Silwanowicz | |
| Print Name: | Andy Silwanowicz | |
| JM/sr | ||
