Extension Letters for Management Agreements between Citigroup Managed Futures LLC and Various Commodity Pool Managers (June 2006)

Summary

Citigroup Managed Futures LLC has sent letters to Campbell & Company, Inc., Aspect Capital Management Ltd., and Altis Partners Limited to extend the terms of their existing management agreements for various commodity pools through June 30, 2007. All other terms of the original agreements remain unchanged. Each manager is asked to acknowledge and accept the extension by signing and returning the letter. This extension ensures continued management of the specified funds under the same conditions for another year.

EX-10.20 2 file2.htm LETTERS EXTENDING MANAGEMENTS

June 30, 2006

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Potomac Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P. II
•  Smith Barney Global Markets Futures Fund L.P.
•  Salomon Smith Barney Global Diversified Futures Fund L.P.
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  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,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.

Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director

CAMPBELL & COMPANY, INC.

By:   /s/ Theresa Becks

Print Name:   Theresa Becks

DRMcA/sr




June 30, 2006

Aspect Capital Management Ltd.
Nations House – 8th Floor
103 Wigmore Street
London W1U 1QS, U.K.

Attention: Mr. Anthony Todd

Re:    Management Agreement Renewals

Dear Mr. Todd:

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  Salomon Smith Barney Global Diversified Futures Fund L.P.
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  Citigroup Diversified Futures Fund L.P.
•  Citibank NA (Alera 100)
•  CMF Aspect Master Fund L.P.
•  CMF Institutional Futures Portfolio LP

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

By:   /s/ Daniel R. McAuliffe, Jr.

Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director

By:   /s/ Simon Rockall

Print Name:   Simon Rockall

DRMcA/sr




June 30, 2006

Altis Partners Limited
5th Fl. Sackville House
40 Piccadilly
W1J0DR England

Attention: Mr. Stephen Hedgecock

Re:    Management Agreement Renewals

Dear Mr. Hedgecock:

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  CTA Capital LLC
•  Salomon Smith Barney Global Diversified Futures Fund L.P.
•  Citigroup Emerging CTA Portfolio L.P.
•  CMF Altis Partners Master Fund L.P.
•  CMF Institutional Futures Portfolio 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,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.

Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director

By:   /s/ Stephen Hedgelock

Print Name:   Stephen Hedgelock

DRMcA/sr