Exhibit 10.1(a)

June 1, 2012

Chesapeake Capital Corporation

17th Floor

Richmond Federal Reserve Building

701 E Byrd Street

Richmond, Va 23219

Attention: Mr. John M. Hoade

Re: Management Agreement Renewals

Dear Mr. Rusin:

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 Mr. Brian Centner at the address above or fax to 212-296-6868. If you have any questions I can be reached at 212-296-1290.

Very truly yours,

CERES MANAGED FUTURES LLC
By:	/s/ Brian Centner
	Brian Centner
	Chief Financial Officer & Director
CHESAPEAKE CAPITAL CORPORATION
By:	/s/ Richard S. Rusin
	Print Name:	Richard S. Rusin
		Chief Operating Officer
BC/sr