Management Agreement Renewal Extension between Citigroup Managed Futures LLC and Campbell & Company, Inc.
Citigroup Managed Futures LLC and Campbell & Company, 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 extension applies to multiple Smith Barney and Aurora funds. Both parties have acknowledged the extension by signing this letter agreement.
Exhibit 10.12
June 11, 2004
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, 2005 and all other provisions of the Management Agreements will remain unchanged.
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| • | Smith Barney Potomac Futures Fund L.P. |
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| • | Smith Barney Diversified Futures Fund L.P. |
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| • | Smith Barney Diversified Futures Fund L.P. II |
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| • | Smith Barney Global Markets Futures Fund L.P. |
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| • | Smith Barney Global Diversified Futures Fund L.P. |
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| • | Salomon Smith Barney Diversified 2000 Futures Fund L.P. |
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| • | Smith Barney Campbell Financial, Metals and Energy Fund plc |
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| • | AURORA 2001 |
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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 |
CAMPBELL & COMPANY, INC.
By: /s/ Theresa Becks
Print Name: Theresa Becks
DRMcA/sr
