Management Agreement Renewal Letter between Ceres Managed Futures LLC and John W. Henry & Company, Inc.

Summary

Ceres Managed Futures LLC and John W. Henry & Company, Inc. have agreed to extend the term of their existing management agreements for several commodity pools, including Westport JWH Futures Fund L.P., JWH Master Fund LLC, Tactical Diversified Futures Fund L.P., and Institutional Futures Portfolio L.P., through June 30, 2011. All other terms of the original agreements remain unchanged. The extension is confirmed by both parties signing this letter.

EX-10.3.C 2 y04564exv10w3wc.htm EX-10.3.C exv10w3wc

Exhibit 10.3(b)

June 1, 2010

John W. Henry & Company, Inc.
301 Yamato Road, Suite 2200
Boca Raton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re: Management Agreement Renewals

Dear Mr. Webster:

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.

	•		Westport JWH Futures Fund L.P.

	•		JWH Master Fund LLC

	•		Tactical Diversified Futures Fund L.P.

	•		Institutional Futures Portfolio L.P.

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

JOHN W. HENRY & COMPANY, INC

By:		/s/ Kenneth S. Webster


Print Name:		Kenneth S. Webster


JM/sr