CITIGROUP MANAGED FUTURES LLC By: /s/ Jennifer Magro Jennifer Magro Chief Financial Officer & Director XPLOR CAPITAL MANAGEMENT, LLC By: /s/ D. Hart Print Name: D. Hart JM/sr

EX-10.4.B 5 y03082exv10w4wb.htm EX-10.4.B exv10w4wb

Exhibit 10.4(b)

June 9, 2009

Xplor Capital Management, LLC
35 Mason Street
4^th Floor
Greenwich, CT 06830

Attention: Mr. Damon Hart


Re:		Management Agreement Renewals

Dear Mr. Hart:

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.

	•		CTA Capital LLC

	•		Citigroup Emerging CTA Portfolio LP

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 ###-###-####. 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

XPLOR CAPITAL MANAGEMENT, LLC

By:		/s/ D. Hart
Print Name: D. Hart

JM/sr