Management Agreement Renewal Letter between Citigroup Managed Futures LLC and Chesapeake Capital Corporation (June 30, 2007)
Citigroup Managed Futures LLC and Chesapeake Capital Corporation have agreed to extend the term of their existing management agreements for the Smith Barney Tidewater Futures Fund L.P. and AURORA III commodity pools through June 30, 2008. All other terms of the original agreements remain unchanged. The renewal is confirmed by both parties signing this letter. This extension ensures continued management services for the specified funds for an additional year.
Exhibit 10.17
June 30, 2007
Chesapeake Capital Corporation
500 Forest Avenue
Richmond, VA 23229
Attention: Mr. John M. Hoade
Re: Management Agreement Renewals
Dear Mr. Hoade:
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, 2008 and all other provisions of the Management Agreements will remain unchanged.
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| • | Smith Barney Tidewater Futures Fund L.P. |
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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 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 & Director
By: /s/ John M. Hoade
Print Name: John M. Hoade
JM/sr
