Management Agreement Renewal Letter between Citigroup Managed Futures LLC and Waypoint Capital Management

Summary

Citigroup Managed Futures LLC and Waypoint Capital Management have agreed to extend the term of their existing management agreements for certain commodity pools until June 30, 2009. All other terms and conditions of the original agreements remain unchanged. The renewal is confirmed by both parties signing this letter. This extension ensures continued management services for the specified period without altering any other contractual obligations.

EX-10.38 6 y01134exv10w38.htm EXHIBIT 10.38 EX-10.38
Exhibit 10.38
June 5, 2008
Waypoint Capital Management
23 Green St. — Suite 210
Huntington, N.Y. 11743
Attention: Mr. Robert Calabretta
Re: Management Agreement Renewals
Dear Mr. Calabretta:
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, 2009 and all other provisions of the Management Agreements will remain unchanged.
    CTA CAPITAL LLC
 
    Citigroup Emerging CTA 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    
 
       
         
WAYPOINT CAPITAL MANAGEMENT    
 
       
By:
  /s/ R. Calabretta    
   
 
   
 
       
Print Name: R. Calabretta
   
 
       
 
       
JM/sr