Document:

exv10w4wa

Exhibit 10.4(a)

June 9, 2009

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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 
	 
	 	•	 	Citigroup Diversified 2000 Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P. II
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P.
	 
	 	•	 	Citigroup 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 and Director	 	 
	 
	 	 	 	 
	By:

	 	/s/ Paul Sedlack	 	 
	 	 	 

Print Name: Paul Sedlack

JM/srexv10w3wa

Exhibit 10.3(a)

June 9, 2009

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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 	•	 	Citigroup Diversified 2000 Futures Fund L.P.
	 
	 	•	 	Citigroup Fairfield Futures Fund L.P.
	 
	 	•	 	Smith Barney Diversified Futures Fund L.P. II
	 
	 	•	 	Smith Barney Diversified 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	 	 
	 
	 	 	 	 
	GRAHAM CAPITAL MANAGEMENT, L.P.

	 
	By:

	 	/s/ Paul Sedlack	 	 
	 

	 	 	 	 
	Print Name: Paul Sedlack	 	 

JM/srexv10w4wa

Exhibit 10.4(a)

June 9, 2009

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, 2010 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
	 
	 	•	 	Citigroup Orion Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	CMF Willowbridge Argo Master Fund L.P.
	 
	 	•	 	Citigroup Orion Futures Fund (Cayman) 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	 	 
	 
	 	 	 	 
	WILLOWBRIDGE ASSOCIATES INC.

	 
	 	 	 	 
	By:

	 	/s/ Steven R. Crane	 	 
	 

	 	 	 	 
	Print Name: Steven R. Crane	 	 

JM/srexv10w5wa

Exhibit 10.5(a)

June 9, 2009

Drury Capital Inc.

c/o Drury Capital Services

47 Hulfish Street — Suite 340

Princeton, NJ 08542

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, 2010 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	 	 
	 
	 	 	 	 
	DRURY CAPITAL INC.

	 
	 	 	 	 
	By:

	 	/s/ Bernard V. Drury	 	 
	 

	 	 	 	 
	Print Name: Bernard V. Drury	 	 

JM/srexv10w6wa

Exhibit 10.6(a)

June 9, 2009

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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 	•	 	Smith Barney Westport Futures Fund L.P.
	 
	 	•	 	JWH Master Fund LLC
	 
	 	•	 	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	 	 
	 
	 	 	 	 
	JOHN W. HENRY & COMPANY, INC

	 
	 	 	 	 
	By:

	 	/s/ Kenneth Webster	 	 
	 

	 	 	 	 
	Print Name: Kenneth Webster	 	 

JM/srexv10w7wa

Exhibit 10.7(a)

June 9, 2009

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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 	•	 	Smith Barney Diversified Futures Fund L.P.
	 
	 	•	 	Citigroup Orion Futures Fund L.P.
	 
	 	•	 	CMF Winton Feeder LP I
	 
	 	•	 	CMF Winton Master Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio LP
	 
	 	•	 	Citigroup Abingdon Futures Fund L.P.
	 
	 	•	 	Citigroup Global Futures Fund Ltd.
	 
	 	•	 	Citigroup Orion Futures Fund (Cayman) 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	 	 
	 
	 	 	 	 
	WINTON CAPITAL MANAGEMENT

	 
	By:

	 	/s/ Martin Hunt	 	 
	 

	 	 	 	 
	Print Name: Martin Hunt	 	 

JM/srexv10w9wa

Exhibit 10.9(a)

June 9, 2009

Aspect Capital 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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 	•	 	Citigroup Global Diversified Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified 2000 Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	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	 	 
	 
	 	 	 	 
	ASPECT CAPITAL LTD.

	 
	 	 	 	 
	By:

	 	/s/ Simon Rockall	 	 
	 

	 	 	 	 
	Print Name: Simon Rockall	 	 

JM/srexv10w10wa

Exhibit 10.10(a)

June 9, 2009

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, 2010 and all other provisions of the Management Agreements will remain
unchanged.

	 	•	 	Smith Barney AAA Energy Fund L.P.
	 
	 	•	 	Citigroup AAA Energy Fund L.P. II
	 
	 	•	 	Citigroup AAA Master Fund LLC
	 
	 	•	 	Citigroup Orion Futures Fund L.P.
	 
	 	•	 	Citigroup Diversified Futures Fund L.P.
	 
	 	•	 	CMF Institutional Futures Portfolio L.P.
	 
	 	•	 	Legion Strategies LLC
	 
	 	•	 	Citigroup Energy Advisors Portfolio L.P.
	 
	 	•	 	Citigroup Global Futures Fund LTD
	 
	 	•	 	Citigroup Orion Futures Fund (Cayman) 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	 	 
	 
	 	 	 	 
	AAA CAPITAL MANAGEMENT INC.

	 
	By:

	 	/s/ A. Anthony Annunziato	 	 
	 

	 	 	 	 
	Print Name: A. Anthony Annunziato	 	 

JM/sr

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