Management Agreement Renewal Letter between Ceres Managed Futures LLC and Waypoint Capital Management

Summary

Ceres Managed Futures LLC and Waypoint Capital Management have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2011. All other terms of the original agreements remain unchanged. The renewal applies to management agreements involving CTA Capital LLC, Emerging CTA Portfolio L.P., Global Diversified Futures Fund L.P., Waypoint Master Fund L.P., and Diversified 2000 Futures Fund L.P. The extension is confirmed by both parties signing this letter.

EX-10.3.B 4 y04599exv10w3wb.htm EX-10.3.B exv10w3wb


June 1, 2010		Exhibit 10.3 (b)

Waypoint Capital Management
23 Green St. — Suite 210
Huntington, N.Y. 11743

Attention: Mr. Robert Calabretta

Re: Management Agreement Renewals

Dear Mr. Calabretta:

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.

	•		Global Diversified Futures Fund L.P.

	•		Waypoint 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

WAYPOINT CAPITAL MANAGEMENT


By: Print Name:		/s/ Robert E. Calabretta Robert E. Calabretta
JM/sr