▇▇▇▇▇ ▇▇▇▇▇▇ Futures Management LLC
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
June 22, 1998
▇▇▇▇▇▇▇▇ & Co. Inc.
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇
Attn: ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇
Re: Management Agreement Renewal
▇▇▇▇▇ ▇▇▇▇▇▇ Potomac 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, 1999
and make the atthaced modification on Rider 1. 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,
▇▇▇▇▇ ▇▇▇▇▇▇ FUTURES MANAGEMENT LLC
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Chief Financial Officer,
Director & Treasurer
AGREED AND ACCEPTED
▇▇▇▇▇▇▇▇ & CO. INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Print Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Chief Financial Officer
▇▇▇▇▇▇▇▇ & Co. Inc.
RIDER I
(1) The Advisor further agrees that it will instruct ▇▇▇▇▇ ▇▇▇▇▇▇ to
convert foreign currency balances (nor required to margin positions denominated
in a foreign currency) to U.S. dollars no less frequently than monthly.
Instruction will take the form of a fax transmitted monthly specifying the
account name and number using the following language:
"Please convert all foreign currency balances for the account(s)
specified above that are not required to margin position denominated in the
foreign currency to U.S. dollars."
(2) The Advisor's performance tables have been examined by an independent
certified public accountant and the report thereon has been provided to SBFM.
The Advisor will have its performance tables examined no less frequently than
annually during the term of this Agreement.
(3) The Advisor may terminate the Management Agreement at any time, upon 30
days prior notice to SBFM.
