SMITH BARNEY FUTURES MANAGEMENT INC.
Exhibit 10.8
▇▇▇▇▇ ▇▇▇▇▇▇ FUTURES MANAGEMENT INC.
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
July 8, 1997
Chesapeake Capital Corp.
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇
Attention: ▇▇. ▇▇▇▇ ▇▇▇▇▇
|
|
Re: |
Management Agreement Renewal |
|
▇▇▇▇▇ ▇▇▇▇▇▇ Tidewater Futures Fund L.P. |
Dear ▇▇. ▇▇▇▇▇:
We are writing with respect to your management agreement concerning the commodity pool to which reference is made above (the “Management Agreement”). We would like to extend the term of the Management Agreement through June 30, 1998. The provisions of the Management Agreement that have changed are as follows:
|
|
1. |
The Fund will now trade the Diversified 2XL program instead of the Diversified program. |
|
|
2. |
The fees will now be a 2% management fee and a 23% incentive fee. |
Please indicate your agreement to and acceptance of these modifications by signing one copy of this letter and returning it to the attention of ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ at the address above
|
Very truly yours, |
|
|
||
|
▇▇▇▇▇ ▇▇▇▇▇▇ FUTURES MANAGEMENT INC. |
|
|
||
|
By: |
|
|
|
|
|
|
Chief Financial Officer, Director & Treasurer |
|
|
|
|
AGREED AND ACCEPTED |
|
|
||
|
CHESAPEAKE CAPITAL CORP. |
|
* ▇▇▇▇▇ ▇▇▇▇▇▇ Futures Management Will advise when the change to the Diversified 2XL Program will take place. |
||
|
By: |
|
|
||
|
Print Name: |
▇▇▇▇ ▇. ▇▇▇▇▇ |
|
JMH 7/8/97 |
|
DAD/sr
rw/l