June 1, 2010 Exhibit 10.4 (b)

EX-10.4.B 5 y04599exv10w4wb.htm EX-10.4.B exv10w4wb


June 1, 2010		Exhibit 10.4 (b)

Xplor Capital Management LLC
35 Mason Street
4^th Floor
Greenwich, Ct. 06830

Attention: Mr. Damon Hart

Re: Management Agreement Renewals

Dear Mr. Hart:

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 LP

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 ###-###-####. 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

XPLOR CAPITAL MANAGEMENT LLC


By: Print Name:		/s/ Damon Hart Damon Hart

JM/sr