SMITH BARNEY FUTURES MANAGEMENT INC.

Exhibit 10.9

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June 1, 1999

Chesapeake Capital Corp.

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Attention: ▇▇. ▇▇▇▇ ▇▇▇▇▇

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, 2000 and all other provisions of the Management Agreement will remain unchanged.

Please indicate your agreement to and acceptance of this modification by signing one copy of this letter and returning it to the attention of ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ at the address above or fax to ▇▇▇-▇▇▇-▇▇▇▇. If you have any questions I can be reached at ▇▇▇-▇▇▇-▇▇▇▇.

Very truly yours,

 

 

DAD/sr

 

 

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