Two American Lane Tel 203.861.1031 Greenwich, Connecticut Joseph J. Allessie Senior Vice President General Counsel
Exhibit 10.8
Two American Lane | Tel 000.000.0000 | |||
P.O. Box 5150 | Fax 000.000.0000 | |||
|
Greenwich, Connecticut | |||
06831-8150 | ||||
Xxxxxx X. Xxxxxxxx |
||||
Senior Vice President | ||||
General Counsel |
September 14, 2004
Eclipse Capital Management, Inc.
Attn: General Counsel/Secretary
0000 Xxxxxxxx Xxxxxx, Xxxxx 000
Saint Louis, MO 63105
Re: Advisory Agreements for World Monitor Trust – Series B
Please be advised that it is anticipated that as of October 1, 2004, all the issued and outstanding shares of capital stock of Prudential Securities Futures Management Inc. (the “Prudential Managing Owners”) of the above stated Trust are owned by Preferred Investment Solutions Corp. f/k/a Kenmar Advisory Corp. (the “Kenmar Managing Owner”). Therefore, with respect to the various advisory agreements currently in effect by and between the Trust, the Prudential Managing Owner and you, please be notified that the Kenmar Managing Owner has assumed the liabilities and obligations of the Prudential Managing Owner thereunder and will continue to satisfy and perform all liabilities and obligations thereunder.
The Kenmar Managing Owner will continue to operate per the existing advisory agreements. If this is acceptable, please sign both copies of this Letter Agreement and return one copy.
PREFERRED INVESTMENT SOLUTIONS CORP. | ||
By: |
/s/ Xxxxxx X. Xxxxxxxx | |
Name: |
Xxxxxx X. Xxxxxxxx | |
Title: |
Senior Vice President, General Counsel | |
ACCEPTED AND AGREED TO: | ||
ECLIPSE CAPITAL MANAGEMENT, INC. | ||
By: |
/s/ Xxxxx X. Xxxxxxxx | |
Name: |
Xxxxx X. Xxxxxxxx | |
Title: |
Senior Vice President |