Jennifer Magro

EX-10.5.B 4 y03040exv10w5wb.htm EX-10.5.B exv10w5wb

Exhibit 10.5(b)

June 9, 2009
Graham Capital Management, L.P.
Rock Ledge Financial Center
40 Highland Avenue
Rowayton, CT 06853

Attention: Mr. Paul Sedlack

Re: Management Agreement Renewals

Dear Mr. Sedlack:

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, 2010 and all other provisions of the Management Agreements will remain unchanged.

	•		Salomon Smith Barney Diversified 2000 Futures Fund L.P.

	•		Salomon Smith Barney Fairfield Futures Fund L.P.

	•		Smith Barney Diversified Futures Fund L.P. II

	•		Smith Barney Diversified Futures Fund L.P.

	•		Citigroup Diversified Futures Fund L.P.

	•		Citigroup Fairfield Futures Fund L.P. II

	•		CMF Graham Master Fund L.P.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro 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/ Jennifer Magro

		Jennifer Magro
		Chief Financial Officer & Director

GRAHAM CAPITAL MANAGEMENT, L.P.

By:		/s/ Paul Sedlack


Print Name: Paul Sedlack

JM/sr