June 1, 2010

Exhibit 10.1(a)

June 1, 2010

Chesapeake Capital Corporation
17th Floor
Richmond Federal Reserve Building
000 X Xxxx Xxxxxx
Xxxxxxxx, Xx 00000
Attention: Xx. Xxxx X. Xxxxx

     Re: Management Agreement Renewals

Dear Xx. Xxxxx:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2011 and all other provisions of the Management Agreement will remain unchanged.

• Tidewater Futures Fund L.P.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Xx. Xxxxxxxx Xxxxx at the address above or fax to 000-000-0000. If you have any questions I can be reached at 000-000-0000.

Very truly yours,

CERES MANAGED FUTURES LLC

	By:	/s/ Xxxxxxxx Xxxxx
		Xxxxxxxx Xxxxx
		Chief Financial Officer & Director
	CHESAPEAKE CAPITAL CORPORATION
	By:	/s/ Xxxxxxx X. Xxxxx
		Print Name:	Xxxxxxx X. Xxxxx
			Chief Operating Officer

JM/sr