Management Agreement Renewal Extension between Citigroup Managed Futures LLC and Multiple Commodity Pool Managers

Contract Categories: Business Operations › Management Agreements
Summary

Citigroup Managed Futures LLC has extended the terms of its management agreements with Willowbridge Associates Inc., AAA Capital Management Inc., and Winton Capital Management for various commodity pools. The extension is effective through June 30, 2005, with all other terms of the original agreements remaining unchanged. Each manager is required to acknowledge and accept the extension by signing and returning the letter. This agreement ensures continued management of the specified funds under the existing terms for the extended period.

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EX-10.21 3 file002.htm MANAGEMENT AGREEMENT

Exhibit 10.21

June 11, 2004

Willowbridge Associates Inc.
101 Morgan Lane - Suite 180
Plainsboro, N.J. 08536

Attention: Mr. Steve R. Crane

Re:    Management Agreement Renewals

Dear Mr. Crane:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the "Management Agreements"). We are extending the term of the Management Agreements through June 30, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Salomon Smith Barney Orion Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P. II
•  Citigroup Diversified Futures Fund L.P.
•  Alera 100

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Daniel McAuliffe at the address above or fax to ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:  /s/ Daniel R. McAuliffe, Jr.
Daniel R. McAuliffe, Jr.
Chief Financial Officer and Director
By:  /s/ Steve R. Crane

Print Name: Steve R. Crane

DRMcA/sr



Exhibit 10.21

June 11, 2004

AAA Capital Management Inc.
5051 Westheimer – Suite 2100
Houston, Texas 77056

Attention: Mr. Anthony Annunziato

Re: Management Agreement Renewals

Dear Mr. Annunziato:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the "Management Agreements"). We are extending the term of the Management Agreements through June 30, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney AAA Energy Fund L.P.
•  SB AAA Master Fund LLC
•  Salomon Smith Barney Orion Futures Fund L.P.
•  Aurora 2001
•  Salomon Smith Barney AAA Energy Fund L.P. II
•  Aurora III

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Daniel McAuliffe at the address above or fax to ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:  /s/ Daniel R. McAuliffe, Jr.
Daniel R. McAuliffe, Jr.
Chief Financial Officer and Director
By:  /s/ Anthony Annunziato

Print Name: Anthony Annunziato

DRMcA/sr



Exhibit 10.21

June 11, 2004

Winton Capital Management
1a. St. Mary Abbot's Place
Kensington, London W86LS, U.K.

Attention: Mr. Martin Hunt

Re:    Management Agreement Renewals

Dear Mr. Hunt:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the "Management Agreements"). We are extending the term of the Management Agreements through June 30, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Diversified Futures Fund L.P.
•  AURORA 2001
•  SSB Orion Futures Fund L.P.
•  Alera Portfolio Spc

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Daniel McAuliffe at the address above or fax to ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:  /s/ Daniel R. McAuliffe, Jr.
Daniel R. McAuliffe, Jr.
Chief Financial Officer and Director
By:  /s/ Martin Hunt

Print Name: Martin Hunt

DRMcA/sr