Two American Lane Tel 203.861.1031 Greenwich, Connecticut Joseph J. Allessie Senior Vice President General Counsel

Exhibit 10.8

 

		Two American Lane		Tel ▇▇▇.▇▇▇.▇▇▇▇
		P.O. Box 5150		Fax ▇▇▇.▇▇▇.▇▇▇▇
		Greenwich, Connecticut
		06831-8150
		▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Senior Vice President
		General Counsel

 

September 14, 2004

 

Eagle Trading Systems

Attn: General Counsel/Secretary

▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇

Princeton, NJ 08542

 

Re: Advisory Agreements for PB International Fund F, World Monitor Trust – Series A

 

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 Trusts/Fund 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 Trusts/Fund, 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/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name:		▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title:		Senior Vice President, General Counsel
ACCEPTED AND AGREED TO:
EAGLE TRADING SYSTEMS
By:		/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name:		▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title:		Chairman