0000950136-05-001780 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • March 31st, 2005 • Salomon Smith Barney Global Diversified Futures Fund L P • Commodity contracts brokers & dealers • New York

AGREEMENT made as of the 15th day of January, 2004 among CITIGROUP MANAGED FUTURES LLC, a Delaware limited liability company ("CMF"), SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P., a New York limited partnership (the "Partnership") and ALTIS PARTNERS LIMITED, a United Kingdom corporation (the "Advisor").

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Re: Management Agreement Renewals
Management Agreement • March 31st, 2005 • Salomon Smith Barney Global Diversified Futures Fund L P • Commodity contracts brokers & dealers

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, 2005 and all other provisions of the Management Agreements will remain unchanged.

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