Management Agreement Extension between Citigroup Managed Futures LLC and Graham Capital Management, L.P.

Summary

Citigroup Managed Futures LLC and Graham Capital Management, L.P. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2010. All other terms and conditions of the original agreements remain unchanged. The extension applies to multiple funds managed by Graham Capital. Both parties confirm the extension by signing and returning the letter.

EX-10.4.A 2 y02274exv10w4wa.htm EX-10.4.A exv10w4wa

Exhibit 10.4(a)

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.



	•		Citigroup Diversified 2000 Futures Fund L.P.

	•		Smith Barney Diversified Futures Fund L.P. II

	•		Smith Barney Diversified Futures Fund L.P.

	•		Citigroup Fairfield 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 and Director

By:		/s/ Paul Sedlack

Print Name: Paul Sedlack

JM/sr