June 24, 1997 Rabar Market Research 10 Bank St. - Suite 830 White Plain, N.Y. 10606 Attention: Mr. John Dreyer Mr. Paul Rabar Re: Management Agreement Renewal F-1000 Futures Fund L.P., Series IX Dear Mr. Dreyer & Mr. Rabar: 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 incentive fee will now be paid annually instead of quarterly. 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 Mr. Daniel Dantuono at the address above. Very truly yours, SMITH BARNEY FUTURES MANAGEMENT INC. By: Chief Financial Officer, Director & Treasurer AGREED AND ACCEPTED RABAR MARKET RESEARCH By: Print Name: DAD/sr rw/1