Management Agreement

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:

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/sr