EX-10.18: LETTER EXTENDING MANAGEMENT AGREEMENT

EX-10.18 2 y00854exv10w18.htm EX-10.18: LETTER EXTENDING MANAGEMENT AGREEMENT EX-10.18

Exhibit 10.18

June 5, 2008

Chesapeake Capital Corporation
17^th Floor
Richmond Federal Reserve Building
701 E Byrd Street
Richmond, Va 23219

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, 2009 and all other provisions of the Management Agreements will remain unchanged.

	•		Smith Barney Tidewater Futures Fund L.P.

	•		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

CHESAPEAKE CAPITAL CORPORATION

By:		/s/ John M. Hoade


Print Name:		John M. Hoade

JM/sr