Exhibit 10.18
June 5, 2008
Chesapeake Capital Corporation
17th Floor
Richmond Federal Reserve Building
701 E Byrd Street
Richmond, Va 23219
17th Floor
Richmond Federal Reserve Building
701 E Byrd Street
Richmond, Va 23219
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, 2009 and all other provisions of the Management Agreements will remain unchanged.
• | Smith Barney Tidewater Futures Fund L.P. | ||
• | AURORA III |
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 | ||||
Chief Financial Officer & Director | |||||
CHESAPEAKE CAPITAL CORPORATION | |||||
By: | /s/ John M. Hoade |
Print Name: | John M. Hoade |
JM/sr