Management Agreement Renewal between Citigroup Managed Futures LLC and AAA Capital Management Inc. (June 2004)
Citigroup Managed Futures LLC and AAA Capital Management Inc. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2005. All other terms and conditions of the original agreements remain unchanged. The renewal covers multiple funds, including Smith Barney AAA Energy Fund L.P. and others. Both parties confirm the extension by signing this letter.
Exhibit 10.7
June 11, 2004
AAA Capital Management Inc.
5051 Westheimer – Suite 2100
Houston, Texas 77056
Attention: Mr. Anthony Annunziato
Re: Management Agreement Renewals
Dear Mr. Annunziato:
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, 2005 and all other provisions of the Management Agreements will remain unchanged.
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| • | Smith Barney AAA Energy Fund L.P. |
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| • | SB AAA Master Fund LLC |
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| • | Salomon Smith Barney Orion Futures Fund L.P. |
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| • | Aurora 2001 |
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| • | Salomon Smith Barney AAA Energy Fund L.P. II |
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| • | Aurora III |
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 and Director |
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| By: | /s/ Anthony Annunziato |
Print Name: Anthony Annunziato
DRMcA/sr
