June 1, 2012 Chesapeake Capital Corporation 17th Floor Richmond Federal Reserve Building

Exhibit 10.1(a)

June 1, 2012

Chesapeake Capital Corporation

17th Floor

Richmond Federal Reserve Building

000 X Xxxx Xxxxxx

Richmond, Va 23219

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, 2013 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. Xxxxx Xxxxxxx 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/ Xxxxx Xxxxxxx
		Xxxxx Xxxxxxx
		Chief Financial Officer & Director
CHESAPEAKE CAPITAL CORPORATION
By:		/s/ Xxxxxxx X. Xxxxx
		Print Name:		Xxxxxxx X. Xxxxx
				Chief Operating Officer
BC/sr