Extension Letter for Management Agreements between Citigroup Managed Futures LLC and John W. Henry & Company, Inc. (2005-2006)

Summary

Citigroup Managed Futures LLC and John W. Henry & Company, Inc. have agreed to extend their existing management agreements for several commodity pools until June 30, 2006. All other terms of the original agreements remain unchanged. The extension applies to multiple named funds, and both parties have acknowledged the modification by signing this letter. This extension ensures continued management services for the listed funds for the specified period.

EX-10.14 7 file002.htm LETTER EXTENDING MANAGEMENT AGREEMENT FOR 2005

June 15, 2005

John W. Henry & Company, Inc.
301 Yamato Road, Suite 2200
Boca Raton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re:    Management Agreement Renewals

Dear Mr. Webster:

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, 2006 and all other provisions of the Management Agreements will remain unchanged.

•  Shearson Mid-West Futures Fund
•  Shearson Lehman Select Advisors Futures Fund L.P.
•  Smith Barney Mid-West Futures Fund L.P. II
•  Smith Barney Westport Futures Fund L.P.
•  Hutton Investors Futures Fund, L.P. II (HIFF II)
•  AURORA 2001
•  AURORA III
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  Alera 100
•  JWH Strategic Allocation Master Fund LLC



Page 2

June 15, 2005

•  Citigroup Diversified Futures Fund

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
JOHN W. HENRY & COMPANY, INC.
By: /s/ Ken Webster
Print Name:   Ken Webster

DRMcA/sr