June 1, 2015 Rabar Market Research, Inc.
Exhibit 10.5(b)
June 1, 2015
Rabar Market Research, Inc.
00 Xxxx Xxxxxx, Xxxxx 000
Xxxxx Xxxxxx, Xxx Xxxx 00000-0000
Attn: Xx. Xxxx Xxxxx
| Re: | Management Agreement Renewals |
Dear Xx. Xxxxx
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.
| • | Rabar Master Fund 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 | ||
| RABAR MARKET RESEARCH, INC. | ||
| By: | /s/ Xxxx Xxxxx | |
| Print Name: | Xxxx Xxxxx | |
| PE/kg | ||
