EX-10.10









June 5, 2008




Drury Capital Inc.

34-35 Dronningens Gad

Suite 2A

St. Thomas, VI 00802




Attention: Mr. Bernard Drury




     Re: Management Agreement Renewal



Dear Mr. Drury:



We are writing with respect to your management agreements 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.





	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Drury Master Fund
	 
	 	•	 	CMF Institutional Futures Portfolio 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/ Bernard V. Drury	 	 
	 	 	 	 	 
	Print Name:
	 	Bernard V. Drury	 	 
	 
	 	 	 	 	 	 
	JM/sr	 	 	 	 



















 





June 5, 2008




Aspect Capital Management Ltd.

Nations House — 8th Floor

103 Wigmore Street

London W1U 1QS, U.K.




Attention: Mr. Anthony Todd




     Re: Management Agreement Renewals



Dear Mr. Todd:



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 Global Diversified Futures Fund L.P.
	 
	 	•	 	Salomon Smith Barney Diversified 2000 Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	Citibank NA (Alera 100)
	 
	 	•	 	CMF Aspect Master Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	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	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Simon Rockall	 	 
	 	 	 	 	 
	Print Name:	 	Simon Rockall	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	JM/sr	 	 	 	 






 









 






June 5, 2008




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





	 	•	 	Smith Barney Westport Futures Fund L.P.
	 
	 	•	 	JWH Master Fund LLC
	 
	 	•	 	AURORA III
	 
	 	•	 	Citigroup Diversified Futures Fund
	 
	 	•	 	CMF Institutional Futures Portfolio LP




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/ Ken Webster	 	 
	 	 	 	 	 
	Print Name:	 	Ken Webster	 	 
	 
	 	 	 	 	 	 
	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
	 
	 	•	 	Salomon Smith Barney 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/ Steven R. Crane	 	 
	 	 	 	 	 
	Print Name:	 	Steven R. Crane	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	JM/sr	 	 	 	 






 









 






June 5, 2008




Capital Fund Management

6 Boulevard Haussmann

75009 Paris

France




Attention: Jean-Pierre Aguilar, CFO




     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
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	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	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Jean Pierre Aguilar	 	 
	 	 	 	 	 
	Print Name:	 	Jean Pierre Aguilar	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	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




Winton Capital Management

1a. St. Mary Abbot’s Place

Kensington, London W86LS, U.K.




Attention: Mr. Martin Hunt




     Re: Management Agreement Renewals



Dear Mr. Hunt:



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.
	 
	 	•	 	SSB Orion Futures Fund L.P.
	 
	 	•	 	CMF Winton Feeder LP I
	 
	 	•	 	CMF Winton Master Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	AURORA III
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	Citigroup Abingdon Futures Fund 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	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Martin Hunt	 	 
	 	 	 	 	 
	Print Name:	 	Martin Hunt	 	 
	 
	 	 	 	 	 	 
	JM/sr	 	 	 	 






 









 







June 5, 2008




AAA Capital Management Inc.

1300 Post Oak Blvd. #350

Houston, Texas 77056




Attention: Mr. Anthony Annunziato




     Re: Management Agreement Renewals



Dear Mr. Annunziato:



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.





	 	•	 	SB AAA Master Fund LLC
	 
	 	•	 	Salomon Smith Barney Orion Futures Fund L.P.
	 
	 	•	 	Smith Barney AAA Energy Fund L.P.
	 
	 	•	 	Salomon Smith Barney AAA Energy Fund L.P. II
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio L.P.
	 
	 	•	 	Legion LTD AAA
	 
	 	•	 	Citigroup Energy Advisors 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	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ A. Anthony Annunziato	 	 
	 	 	 	 	 
	Print Name:	 	A. Anthony Annunziato	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	JM/sr	 	 	 	 






 









 






June 5, 2008




Avant Asset Management Inc.

3200 South West Freeway

Suite 2240

Houston, Texas 77027




Attention: Mr. Brick Diemer




     Re: Management Agreement Renewal



Dear Mr. Diemer:



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.





	 	•	 	CTA CAPITAL LLC
	 
	 	•	 	Citigroup Emerging CTA Portfolio L.P.
	 
	 	•	 	CMF Avant Master Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	Aurora III
	 
	 	•	 	Citigroup Energy Advisors Portfolio 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/ Brick Diemer	 	 
	 	 	 	 	 
	Print Name:	 	Brick Diemer	 	 
	 
	 	 	 	 	 	 
	JM/sr