Amendment to Advisory Agreement, made as of April 1, 2015, by and among OASIS PGR LLC, R. J. OBrien Fund Management, LLC and PGR Capital LLP
EX-10.02 2 ex10-02.htm EX-10.02 ex10-02.htm
CONFIDENTIAL TREATMENT REQUESTED. Confidential portions of this document have been redacted and have been separately filed with the Commission.
EXHIBIT 10.02
Amendment to Advisory Agreement
This Amendment (the "Amendment") is made as of April 1, 2015 (the “Effective Date”) among OASIS PGR LLC, a Delaware limited liability company (the “Trading Company”), R.J. O’Brien Fund Management, LLC, a Delaware limited liability company (the “Managing Member”), and PGR Capital LLP, a limited liability partnership under the laws of England and Wales (the “Trading Advisor”), parties to that certain Advisory Agreement dated October 9, 2013 (the "Agreement").
The Trading Company, the Managing Member, and the Trading Advisor now desire to amend the terms of the Agreement as set forth below:
1. Subsection (a)(i) of Section 5, “Fees” is hereby amended and restated in its entirety and shall hereafter read as follows:
“The Trading Company shall cause the Series to pay the Trading Advisor a monthly management fee equal to 1/12 of *% (a *% annual rate) of the Assets allocated to it (as defined in Section 2(a) hereof) as of the last day of each month (the “Management Fee”). The Management Fee is payable in arrears within twenty Business Days of the end of the month for which it was calculated. For purposes of this Agreement, “Business Day” shall mean any day which the securities markets are open in the United States.”
2. Subsection (a)(ii) of Section 5, “Fees”, is hereby amended and restated in its entirety and shall hereafter be read as follows:
“The Trading Company shall cause the Series to pay the Trading Advisor an incentive fee equal to *% of the New Trading Profit (as defined in Section 5(d) hereof) (the “Incentive Fee”). The incentive is based upon the New Trading profits of such Series, which accrue monthly but are generally payable at the end of each calendar quarter. New trading profits are typically calculated using a “high water mark” of cumulative trading profits. Each Series will establish a separate account with respect to each Member’s capital account for such Series. Incentive fees (and the corresponding high water mark) will be calculated based upon the performance of each such account. The Incentive Fee is payable within 20 Business Days of the end of the calendar quarter for which it is calculated.”
3. Exhibit C – Futures Markets Traded is hereby amended and restated in its entirety as attached to this Amendment.
4. Except as provided in this Amendment, all terms used in this Amendment that are not otherwise defined shall have the respective meanings ascribed to such terms in the Agreement.
5. Except as set forth in this Amendment, the Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is conflict between this Amendment and the Agreement, the terms and provisions of this amendment will prevail.
***SIGNATURE PAGE FOLLOWS***
* Confidential material redacted and filed separately with the Commission.
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CONFIDENTIAL TREATMENT REQUESTED. Confidential portions of this document have been redacted and have been separately filed with the Commission.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment effective as of the Effective Date.
| OASIS PGR, LLC by R.J. O’Brien Fund Management, LLC Managing Member |
| By Name: Julie DeMatteo Title: Managing Director |
| R.J. O’Brien Fund Management, LLC |
| By Name: Julie DeMatteo Title: Managing Director |
PGR Capital LLP
By
Name: Casey Grills
Title: Partner
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CONFIDENTIAL TREATMENT REQUESTED. Confidential portions of this document have been redacted and have been separately filed with the Commission.
EXHIBIT C – FUTURES MARKETS TRADED
Total Trade-able Universe: 64 futures markets
| Sector | Future | Exchange |
| Agriculture | Cocoa | LIFFE |
| Agriculture | Cocoa | NYBOT |
| Agriculture | Coffee, 'C' | NYBOT |
| Agriculture | Corn | CBOT |
| Agriculture | Cotton, No. 2 | NYBOT |
| Agriculture | Lean Hogs | CME |
| Agriculture | Live Cattle | CME |
| Agriculture | Robusta Coffee | LIFFE |
| Agriculture | Soybean | CBOT |
| Agriculture | Soybean Meal | CBOT |
| Agriculture | Soybean Oil | CBOT |
| Agriculture | Sugar, No. 11 | NYBOT |
| Agriculture | Wheat | CBOT |
| Bonds | Australian Gov't Bond, 10Yr | SFE |
| Bonds | Canadian Gov't Bond, 10Yr | MFE |
| Bonds | Euro Bobl | EUREX |
| Bonds | Euro Bund | EUREX |
| Bonds | Euro Buxl | EUREX |
| Bonds | Japan Gov't Bond, 10 Yr | TSE |
| Bonds | Long Gilt | LIFFE |
| Bonds | Mini JGBs | SGX |
| Bonds | US Treasury Long Bond | CBOT |
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CONFIDENTIAL TREATMENT REQUESTED. Confidential portions of this document have been redacted and have been separately filed with the Commission.
| Bonds | US Treasury Note, 10Yr | CBOT |
| Bonds | US Treasury Note, 5Yr | CBOT |
| Currencies | AUD | CME |
| Currencies | CAD | CME |
| Currencies | CHF | CME |
| Currencies | EUR | CME |
| Currencies | GBP | CME |
| Currencies | JPY | CME |
| Currencies | MXN | CME |
| Currencies | NZD | CME |
| Energies | Crude Oil, Brent | ICE |
| Energies | Crude Oil, WTI | NYMEX |
| Energies | Gasoil | ICE |
| Energies | Gasoline, RBOB | NYMEX |
| Energies | Heating Oil | NYMEX |
| Energies | Natural Gas | NYMEX |
| Equity Index | Amsterdam Index | EOE |
| Equity Index | CAC 40 10 EUR | MONEP |
| Equity Index | CNX Nifty | SGX |
| Equity Index | DAX Index | EUREX |
| Equity Index | DJ Euro STOXX 50 | EUREX |
| Equity Index | DJ Industrial Average mini | CBOT |
| Equity Index | FTSE 100 | LIFFE |
| Equity Index | FTSE China A50 | SGX |
| Equity Index | Hang Seng | HKFE |
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CONFIDENTIAL TREATMENT REQUESTED. Confidential portions of this document have been redacted and have been separately filed with the Commission.
| Equity Index | H-shares | HKFE |
| Equity Index | MSCI Singapore | SGX |
| Equity Index | MSCI Taiwan | SGX |
| Equity Index | Nasdaq 100 E-mini | CME |
| Equity Index | Nikkei 225 | OSE |
| Equity Index | Nikkei 225 | SGX |
| Equity Index | Russell 2000 Mini | CME |
| Equity Index | S&P Toronto 60 | MFE |
| Equity Index | SnP 500 E-mini | CME |
| Equity Index | SnP ASX 200 | SFE |
| Equity Index | Swiss Market Index | EUREX |
| Equity Index | TOPIX | TSE |
| Interest Rates | Australian Bank Bill | SFE |
| Interest Rates | Australian Gov't Bond, 3Yr | SFE |
| Interest Rates | Canadian Bank Bill | MFE |
| Interest Rates | Euribor, 3Mo | LIFFE |
| Interest Rates | Euro Schatz | EUREX |
| Interest Rates | Eurodollar, 3Mo | CME |
| Interest Rates | Sterling, 90 Day | LIFFE |
| Interest Rates | US Treasury Note, 2Yr | CBOT |
| Metals | Copper | COMEX |
| Metals | Gold, 100 oz | COMEX |
| Metals | Platinum | NYMEX |
| Metals | Silver | COMEX |
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