Exhibit 10.13

 

LOGO [g94379image001.jpg]   

Two American Lane

P.O. Box 5150

Greenwich, Connecticut

06831-8150

 

Joseph J. Allessie

Senior Vice President

General Counsel

  

Tel 203.861.1031

Fax 203.552.1501

 

September 14, 2004

Graham Capital Management, LP

Attn: General Counsel/Secretary

Rock Ledge Financial Center

40 Highland Avenue

Rowayton, CT 06853

 

Re: Advisory Agreements for World Monitor Trust II– Series E, Pru-Securities
Strategic Trust, Diversified Futures Trust I

 

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
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, 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/ Joseph J. Allessie

--------------------------------------------------------------------------------

Name:

 

Joseph J. Allessie

Title:

 

Senior Vice President, General Counsel

ACCEPTED AND AGREED TO:

GRAHAM CAPITAL MANAGEMENT, LP.

By:

 

/s/ Paul Sedlack

--------------------------------------------------------------------------------

Name:

 

Paul Sedlack

Title:

   

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     Two American Lane    Tel 203.861.1031

LOGO [g94379image001.jpg]

   P.O. Box 5150    Fax 203.552.1501    Greenwich, Connecticut        
06831-8150        

 

Joseph J. Allessie

          Senior Vice President           General Counsel     

 

September 14, 2004

 

Bridgewater Associates. Inc.

Attn: General Counsel/Secretary

One Glendinning Place

Westport, CT 06880

 

Re: Advisory Agreements for Pru-Securities Strategic Trust, World Monitor Trust
II – Series D, PB International Futures Fund C

 

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/ Joseph J. Allessie

--------------------------------------------------------------------------------

Name:

  Joseph J. Allessie

Title:

  Senior Vice President, General Counsel

ACCEPTED AND AGREED TO:

BRIDGEWATER ASSOCIATES, INC

By:

 

/s/ Peter R. La Tronica

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Name:

  Peter R. La Tronica

Title:

  Bridgewater Associates     Vice President