Management Agreement Renewal Letters between Citigroup Managed Futures LLC and Various Commodity Pool Managers (2005-2006)
Citigroup Managed Futures LLC sent letters to Willowbridge Associates Inc., Campbell & Company, Inc., Graham Capital Management, L.P., and Capital Fund Management to extend the terms of their existing management agreements for various commodity pools through June 30, 2006. All other terms of the original agreements remain unchanged. Each recipient is asked to acknowledge and accept the extension by signing and returning the letter. The agreements involve the continued management of specified commodity pools by the respective managers for the extended period.
Exhibit 10.30
June 15, 2005
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, 2006 and all other provisions of the Management Agreements will remain unchanged.
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• | Salomon Smith Barney Orion Futures Fund L.P. |
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• | Smith Barney Diversified Futures Fund L.P. |
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• | Smith Barney Diversified Futures Fund L.P. II |
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• | Citigroup Diversified Futures Fund L.P. |
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• | 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

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By: | ![]() | /s/ Daniel R. McAuliffe, Jr. | ||||
![]() | Daniel R. McAuliffe, Jr. | |||||
![]() | Chief Financial Officer & Director | |||||
By: | ![]() | /s/ Steven R. Crane | ||||
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Print Name: | ![]() | Steven R. Crane | ||||
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DRMcA/sr
Exhibit 10.30
May 31, 2005
Campbell & Company, Inc.
Court Tower Building
210 West Pennsylvania Avenue
Suite 770
Towson, MD 21204
Attn: Ms. Terry Becks
Re: Management Agreement Renewals
Dear Ms. Becks:
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, 2006 and all other provisions of the Management Agreements will remain unchanged.
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• | Smith Barney Potomac Futures Fund L.P. |
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• | Smith Barney Diversified Futures Fund L.P. |
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• | Smith Barney Diversified Futures Fund L.P. II |
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• | Smith Barney Global Markets Futures Fund L.P. |
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• | Smith Barney Global Diversified Futures Fund L.P. |
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• | Salomon Smith Barney Diversified 2000 Futures Fund L.P. |
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• | AURORA 2001 |
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• | AURORA III |
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• | CMF Campbell Master Fund L.P. |
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,

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CITIGROUP MANAGED FUTURES LLC | ||||||
By: | ![]() | /s/ Daniel R. McAuliffe, Jr. | ||||
![]() | Daniel R. McAuliffe, Jr. | |||||
![]() | Chief Financial Officer & Director | |||||
CAMPBELL & COMPANY, INC. | ||||||
By: | ![]() | /s/ Terry Becks | ||||
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Print Name: | ![]() | Terry Becks | ||||
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DRMcA/sr
Exhibit 10.30
June 15, 2005
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, 2006 and all other provisions of the Management Agreements will remain unchanged.
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• | Smith Barney Global Markets Futures Fund |
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• | Smith Barney Diversified Futures Fund L.P. II |
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• | Smith Barney Diversified Futures Fund L.P. |
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• | Salomon Smith Barney Diversified 2000 Futures Fund L.P. |
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• | AURORA 2001 |
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• | AURORA III |
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• | Salomon Smith Barney Fairfield Futures Fund L.P. |
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• | Citigroup Diversified Futures Fund L.P. |
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• | Citigroup Fairfield Futures Fund L.P. II |
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• | Alera 100 |
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• | 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,

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CITIGROUP MANAGED FUTURES LLC | ||||||
By: | ![]() | /s/ Daniel R. McAuliffe, Jr. | ||||
![]() | Daniel R. McAuliffe, Jr. | |||||
![]() | Chief Financial Officer & Director | |||||
By: | ![]() | /s/ Paul Sedlack | ||||
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Print Name: | ![]() | Paul Sedlack | ||||
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DRMcA/sr
Exhibit 10.30
June 15, 2005
Capital Fund Management
6 Boulevard Haussmann
75009 Paris
France
Attention: Jean-Pierre Aguilar, CFO
Re: Management Agreement Renewals
Dear Mr. Aguilar:
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, 2006 and all other provisions of the Management Agreements will remain unchanged.
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• | Smith Barney Diversified Futures Fund L.P. II |
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• | Citigroup Diversified Futures Fund L.P. |
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• | 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,

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CITIGROUP MANAGED FUTURES LLC | ||||||
By: | ![]() | /s/ Daniel R. McAuliffe, Jr. | ||||
![]() | Daniel R. McAuliffe, Jr. | |||||
![]() | Chief Financial Officer & Director | |||||
By: | ![]() | /s/ Jean-Pierre Aguilar | ||||
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Print Name: | ![]() | Jean-Pierre Aguilar | ||||
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DRMcA/sr