EX-10.33







Exhibit 10.33



June 5, 2008



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




	 	•	 	Smith Barney Potomac Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P. II
	 
	 	•	 	Smith Barney Global Diversified Futures Fund L.P.
	 
	 	•	 	Salomon Smith Barney Diversified 2000 Futures Fund L.P.
	 
	 	•	 	CMF Campbell Master Fund L.P.





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 212-793-1986. If you have
any questions I can be reached at 212-559-5046.


Very truly yours,



CITIGROUP MANAGED FUTURES LLC




	 	 	 	 	 	 	 
	By:  	 	/s/  Jennifer Magro 
	 	 	 
	 
	Jennifer Magro	 	 	 	 
	Chief Financial Officer & Director	 	 	 	 





CAMPBELL & COMPANY, INC.




	 	 	 	 	 	 	 
	By:  	 	/s/  Thomas P. Lloyd 
	 	 	 
	 





Print
Name: Thomas P. Lloyd



JM/sr













 








June 5, 2008



Willowbridge Associates Inc.

101 Morgan Lane — Suite 180

Plainsboro, N.J. 08536



Attention: Mr Steve R. Crane



      Re:    Management Agreement Renewals




Dear Mr. Crane:



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 Diversified Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P. II
	 
	 	•	 	SSB Orion Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	CMF Willowbridge Argo Master Fund L.P.





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 212-793-1986. If you have
any questions I can be reached at 212-559-5046.



Very truly yours,



CITIGROUP MANAGED FUTURES LLC




	 	 	 	 	 	 	 
	By:  /s/  Jennifer Magro 
	 	 	 
	 
	Jennifer Magro	 	 	 
	Chief Financial Officer & Director	 	 	 
	 
	By:  	 	/s/  Steve R. Crane 
	 	 	 
	 
	 
	Print Name: Steve R. Crane
 	 	 	 	 





JM/sr












 








June 5, 2008



Graham Capital Management, L.P.

Rock Ledge Financial Center

40 Highland Avenue

Rowayton, CT 06853



Attention: Mr. Paul Sedlack



      Re:    Management Agreement Renewals




Dear Mr. Sedlack:



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.




	 	•	 	Salomon Smith Barney Diversified 2000 Futures Fund L.P.
	 
	 	•	 	Salomon Smith Barney Fairfield Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P. II
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P.
	 
	 	•	 	AURORA III
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	Citigroup Fairfield Futures Fund L.P. II
	 
	 	•	 	CMF Graham Master Fund L.P.





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 212-793-1986. If you have
any questions I can be reached at 212-559-5046.


Very truly yours,



CITIGROUP MANAGED FUTURES LLC




	 	 	 	 	 	 	 
	By:  /s/  Jennifer Magro 
	 	 	 
	 





Jennifer Magro




Chief Financial Officer & Director




By:  /s/  Paul Sedlack



                                                            



Print Name: Paul Sedlack



JM/sr












 




June 5, 2008


Capital Fund Management

6 Boulevard Haussmann
75009 Paris
France


Attention: Jean-Pierre Aguilar


      Re:    Management Agreement Renewals


Dear Mr. Aguilar:


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 Diversified Futures Fund L.P. II
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Capital Fund Management Master Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio L.P.
	 
	 	•	 	Citigroup Global Futures Fund Ltd.




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 212-793-1986. If you have
any questions I can be reached at 212-559-5046.

Very truly yours,


CITIGROUP MANAGED FUTURES LLC



	 	 	 	 	 	 	 
	By:  
/s/  Jennifer Magro
 
	 	 	 
	 




Jennifer Magro


Chief Financial Officer & Director



	 	 	 	 	 	 	 
	CAPITAL FUND MANAGEMENT
	 
	By:  
/s/  Jean Pierre Aguilar
 
	 	 	 
	 




Print Name: Jean Pierre Aguilar


JM/sr










 




June 5, 2008


Eckhardt Trading Company

1314 North Dearborn Parkway

The Carriage House

Chicago, Illinois 60610



Attention: Ms. Audrey L. Gale


      Re:    Management Agreement Renewal



Dear Ms. Gale:


We are writing with respect to your management agreement concerning the commodity pool to which
reference is made below (the “Management Agreement”). We are extending the term of the Management
Agreement through June 30, 2009 and all other provisions of the Management Agreement will remain
unchanged.



	 	•	 	Citibank NA (Alera 100)
	 
	 	•	 	CMF Eckhardt Master Fund L.P.
	 
	 	•	 	SSB Diversified 2000 Futures Fund L.P.
	 
	 	•	 	SB Diversified Futures Fund L.P.
	 
	 	•	 	SB Diversified Futures Fund L.P. II




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 212-793-1986. If you have
any questions I can be reached at 212-559-5046.






Very truly yours,



CITIGROUP MANAGED FUTURES LLC



	 	 	 	 	 
	 	 	 
	By:  	/s/
Jennifer Magro	 	 
	 	Jennifer Magro 	 	 
	 	Chief Financial Officer & Director 	 	 
	 



ECKHARDT TRADING COMPANY



	 	 	 	 	 
	 	 	 
	By:  	/s/
John D. Fornengo	 	 
	Print Name: John D. Fornengo	 
	 



JM/sr