By: /s/ Jennifer Magro Jennifer Magro Chief Financial Officer & Director

EX-10.2.B 3 y04599exv10w2wb.htm EX-10.2.B exv10w2wb

Exhibit 10.2 (b)

June 1, 2010

Fall River Capital
11740 N. Port Washington Road
P.O. Box 40
Mequeon, WI 53092

Attention: Mr. Charlie Wright


Re:		Management Agreement Renewals

Dear Mr. Wright:

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, 2011 and all other provisions of the Management Agreements will remain unchanged.

	•		CTA Capital LLC

	•		Emerging CTA Portfolio 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

FALL RIVER CAPITAL


By:		/s/ Robert Friedl
Print Name:		Robert Friedl

JM/sr