June 1, 2015 Blackwater Capital Management, LLC
Exhibit 10.4(b)
June 1, 2015
Blackwater Capital Management, LLC
470 Headquarters Plaza
East Tower – 4th Floor
Morristown, N.J. 07960
Attention: Xx. Xxxx Xxxxxxxxxxx
| Re: | Management Agreement Renewals |
Dear Xx. Xxxxxxxxxxx
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. |
| • |
| • | 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 Xx. Xxxxxxx X. Xxxx at 000 Xxxxx Xxxxxx – 0xx Xxxxx, Xxx Xxxx, XX 00000 or fax to 000-000-0000. If you have any questions, I can be reached at 000-000-0000 or contact Xxxx Xxxx at 000-000-0000.
Very truly yours,
| CERES MANAGED FUTURES LLC | ||
| By: | /s/ Xxxxxxx X. Xxxx | |
| Xxxxxxx X. Xxxx President and Director | ||
BLACKWATER CAPITAL MANAGEMENT LLC
| By: | /s/ Xxxxxx Xxxxxxxxxxx | |
| Print Name: | Xxxxxx Xxxxxxxxxxx |
PE/kg
