Re: Management Agreement Renewals

EXHIBIT 10.17

June 30, 2007

Chesapeake Capital Corporation
000 Xxxxxx 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 Agreements’’). We are extending the term of the Management Agreements through June 30, 2008 and all other provisions of the Management Agreements will remain unchanged.

	•	Xxxxx Xxxxxx 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 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,

CITIGROUP MANAGED FUTURES LLC

By:	/s/ Xxxxxxxx Xxxxx                                             Xxxxxxxx Xxxxx Chief Financial Officer & Director

By:	/s/ Xxxx X. Xxxxx

Print Name:    Xxxx X. Xxxxx, President

JM/sr