By: /s/ JenniferMagro Jennifer Magro Chief Financial Officer & Director WILLOWBRIDGEASSOCIATES INC. By: /s/ Steven R. Crane Steven R. Crane PrintName: Senior Vice President

EX-10.4.B 2 y02280exv10w4wb.htm EX-10.4.B exv10w4wb
Exhibit 10.4(b)
June 9, 2009
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, 2010 and all other provisions of the Management Agreements will remain unchanged.
    Smith Barney Diversified Futures Fund L.P.
 
    Smith Barney Diversified Futures Fund L.P. II
 
    Citigroup Orion Futures Fund L.P.
 
    Citigroup Diversified Futures Fund L.P.
 
    CMF Institutional Futures Portfolio LP
 
    CMF Willowbridge Argo Master Fund L.P.
 
    Citigroup Orion Futures Fund (Cayman) Ltd.
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        
 
WILLOWBRIDGE ASSOCIATES INC.
       
 
By:     /s/ Steven R. Crane
 
   
 
 
   
Steven R. Crane
       
   
Print Name: Senior Vice President
       
JM/sr