Management Agreement Renewal Letter between Ceres Managed Futures LLC and Blackwater Capital Management LLC (June 2015)
Ceres Managed Futures LLC and Blackwater Capital Management LLC have agreed to extend the term of their existing management agreements for four commodity pools—Emerging CTA Portfolio L.P., Global Diversified Futures Fund L.P., Blackwater Master Fund L.P., and MSSB Spectrum Technical L.P.—through June 30, 2016. All other terms of the original agreements remain unchanged. The renewal is confirmed by signatures from both parties.
Exhibit 10.4(b)
June 1, 2015
Blackwater Capital Management, LLC
470 Headquarters Plaza
East Tower – 4th Floor
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, 2016 and all other provisions of the Management Agreements will remain unchanged.
| • | Emerging CTA Portfolio L.P. |
| • | Global Diversified Futures Fund L.P. |
| • | Blackwater Master Fund L.P. |
| • | MSSB Spectrum Technical L.P. |
Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Patrick T. Egan at 522 Fifth Avenue – 7th Floor, New York, NY 10036 or fax to ###-###-####. If you have any questions, I can be reached at ###-###-#### or contact Jack Yuen at ###-###-####.
Very truly yours,
| CERES MANAGED FUTURES LLC | ||
| By: | /s/ Patrick T. Egan | |
| Patrick T. Egan President and Director | ||
BLACKWATER CAPITAL MANAGEMENT LLC
| By: | /s/ Andrew Silwanowicz | |
| Print Name: | Andrew Silwanowicz |
PE/kg
