Tel 212 559 2011 Fax 212 793 1986

 

 

Exhibit 10.16
 
Citigroup Managed Futures LLC

731 Lexington Avenue
25th Floor
New York, NY 10022

Tel 212 559 2011
Fax 212 793 1986

June 30, 2006

Chesapeake Capital Corporation

500 Forest Avenue

Richmond, Va 23229

Attention: Mr. John M. Hoade

 

Re:

Management Agreement Renewals

Dear Mr. Hoade:

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

 

Smith Barney Tidewater Futures Fund L.P.

 

AURORA 2001

 

AURORA III

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mr. Daniel McAuliffe at the address above or fax to 212-793-1986. If you have any questions I can be reached at 212-559-5043.

Very truly yours,

 

CITIGROUP MANAGED FUTURES LLC

 

 

By: 


/s/ Daniel R. McAuliffe, Jr.

 

 

 

Daniel R. McAuliffe, Jr.

 

 

 

 

Chief Financial Officer & Director

 

 

 

By: 


/s/ John M. Hoade

 

 

 

Print Name: 


John M. Hoade, President

 

 

 

Chesapeake Capital Corporation

 

 

 

DRMcA/sr