Letter Agreement Extending Management Agreements Between Ceres Managed Futures LLC and Aspect Capital Ltd.
Ceres Managed Futures LLC has sent a letter to Aspect Capital Ltd. to formally extend the term of their existing management agreements for several commodity pools until June 30, 2012. All other terms of the original agreements remain unchanged. Aspect Capital Ltd. is asked to acknowledge and accept this extension by signing and returning a copy of the letter. This extension affects multiple funds managed under the agreements.
Exhibit 10.5(a)
June 1, 2011
Aspect Capital Ltd.
Nations House — 8th Floor
103 Wigmore Street
London W1U 1QS, U.K.
Attention: Mr. Anthony Todd
Re: Management Agreement Renewals
Dear Mr. Todd:
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.
| • | Global Diversified Futures Fund L.P. |
| • | Diversified 2000 Futures Fund L.P. |
| • | Tactical Diversified Futures Fund L.P. |
| • | CMF Aspect Master Fund L.P. |
| • | Institutional Futures Portfolio L.P |
| • | Global Futures Fund Ltd |
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 | ||
| By: | /s/ Kenneth Hope | |
| Print Name: Kenneth Hope | ||
JM/sr
