Commodity Trading Authorization between Shaffer Diversified Fund, LP and Shaffer Asset Management, Inc.

Contract Categories: Business Operations › Power of Attorney
Summary

Shaffer Diversified Fund, LP appoints Shaffer Asset Management, Inc. as its attorney-in-fact to buy and sell commodity interests, including futures contracts, through ADM Investor Services, Inc. as the broker. This authorization is given in accordance with an advisory agreement between the parties dated August 29, 2000. The agreement allows Shaffer Asset Management, Inc. to act on behalf of the Fund in trading commodities.

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EX-10.2 7 y40343ex10-2.txt COMMODITY TRADING AUTHORIZATION 1 EXHIBIT 10.2 August 29, 2000 Shaffer Asset Management, Inc. 70 West Red Oak Lane White Plains, NY 10604 Re: Commodity Trading Authorization Gentlemen: Shaffer Diversified Fund, LP, a Delaware limited partnership, does hereby make, constitute and appoint you as its attorney-in-fact to purchase and sell commodity interests, including commodity futures contracts, through ADM Investor Services, Inc., as commodity broker, in accordance with the advisory agreement between us dated as of the above date. Very truly yours, SHAFFER DIVERSIFIED FUND, LP By: Shaffer Asset Management, Inc. General Partner By: /s/ Daniel S. Shaffer Daniel S. Shaffer President