Document:

Exhibit 10.21

June 30, 2007

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, 2008 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 Markets Futures Fund L.P.

			
		• 	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/ Theresa Becks

				
	Print Name:			Theresa Becks

JM/sr

June 30, 2007

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, 2008 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

			
		• 	Legion Aspect

			
		• 	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/ James Walker

Print Name: James Walker

JM/sr

June 30, 2007

Altis Partners (Jersey) Limited

 AIB House

 Greenville Street

 St Heller, Jersey

 Channel Islands JE 4 9WN

Attention: Mr. Stephen Hedgecock

Re:    Management Agreement Renewals

Dear Mr. Hedgecock:

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.

			
		• 	CTA Capital LLC

			
		• 	Salomon Smith Barney Global Diversified Futures Fund L.P.

			
		• 	Citigroup Emerging CTA Portfolio L.P.

			
		• 	CMF Altis Partners 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

By: /s/ S. Hedgecock

Print Name: S. Hedgecock

JM/srExhibit 10.42

June 30, 2007

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, 2008 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 Markets Futures Fund L.P.

			
		• 	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/ Theresa Becks

				
	Print Name:			Theresa Becks

JM/sr

June 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

			
		• 	Salomon Smith Barney Orion Futures Fund L.P.

			
		• 	Smith Barney Diversified Futures Fund L.P.

			
		• 	Smith Barney Diversified Futures Fund L.P. II

			
		• 	Citigroup Diversified Futures Fund L.P.

			
		• 	Citibank NA (Alera 100)

			
		• 	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 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

			
		• 	Smith Barney Global Markets Futures Fund

			
		• 	Smith Barney Diversified Futures Fund L.P. II

			
		• 	Smith Barney Diversified Futures Fund L.P.

			
		• 	Salomon Smith Barney Diversified 2000 Futures Fund L.P.

			
		• 	AURORA III

			
		• 	Salomon Smith Barney Fairfield Futures Fund L.P.

			
		• 	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 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

			
		• 	Smith Barney Diversified Futures Fund L.P.

			
		• 	AURORA III

			
		• 	SSB Orion Futures Fund L.P.

			
		• 	CMF Winton Feeder LP I

			
		• 	Citigroup Diversified Futures Fund L.P.

			
		• 	CMF Winton Master Fund L.P.

			
		• 	CMF Institutional Futures Portfolio LP

			
		• 	Legion Winton

			
		• 	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/srExhibit 10.32

June 30, 2007

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, 2008 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 Markets Futures Fund L.P.

			
		• 	Salomon 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/ Theresa Becks

Print Name: Theresa Becks

JM/sr

June 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

			
		• 	Salomon Smith Barney Orion Futures Fund L.P.

			
		• 	Smith Barney Diversified Futures Fund L.P.

			
		• 	Smith Barney Diversified Futures Fund L.P. II

			
		• 	Citigroup Diversified Futures Fund L.P.

			
		• 	Citibank NA (Alera 100)

			
		• 	CMF Institutional Futures Portfolio LP

			
		• 	CMF Willowbridge Master

Please acknowledge receipt of this modification 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 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

			
		• 	Smith Barney Global Markets Futures Fund

			
		• 	Smith Barney Diversified Futures Fund L.P. II

			
		• 	Smith Barney Diversified Futures Fund L.P.

			
		• 	Salomon Smith Barney Diversified 2000 Futures Fund L.P.

			
		• 	AURORA III

			
		• 	Salomon Smith Barney Fairfield Futures Fund L.P.

			
		• 	Citigroup Diversified Futures Fund L.P.

			
		• 	Citigroup Fairfield Futures Fund L.P. II

			
		• 	Alera Portfolio SPC

			
		• 	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: 	Jennifer Magro

 Jennifer Magro

 Chief Financial Officer & Director

		
	By: 	/s/ Paul Sedlack

Print Name: Paul Sedlack

JM/sr

June 30, 2007

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, 2008 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.

			
		• 	Citibank NA (Alera 100)

			
		• 	CMF Capital Fund 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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]