Management Agreement Renewal Letter between Ceres Managed Futures LLC and AAA Capital Management Inc. (June 2010)

Summary

Ceres Managed Futures LLC and AAA Capital Management Inc. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2011. All other terms and conditions of the original agreements remain unchanged. The renewal applies to multiple funds managed by AAA Capital Management Inc. Both parties confirm the extension by signing this letter.

EX-10.1.C 2 y04523exv10w1wc.htm EX-10.1.C exv10w1wc

Exhibit 10.1(c)

June 1, 2010

AAA Capital Management Inc.
1300 Post Oak Blvd. #350
Houston, Texas 77056

Attention: Mr. Anthony Annunziato

Re:

Management Agreement Renewals

Dear Mr. Annunziato:

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, 2011 and all other provisions of the Management Agreements will remain unchanged.

	•		AAA Capital Energy Fund L.P.

	•		AAA Capital Energy Fund L.P. II

	•		AAA Master Fund LLC

	•		Orion Futures Fund L.P.

	•		Institutional Futures Portfolio L.P.

	•		Legion Strategies LLC

	•		Energy Advisors Portfolio L.P.

	•		Global Futures Fund LTD.

	•		Orion Futures Fund (Cayman) LTD.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,

CERES MANAGED FUTURES LLC


By:		/s/ Jennifer Magro

		Jennifer Magro
		Chief Financial Officer & Director


AAA CAPITAL MANAGEMENT INC.

By:		/s/ Anthony Annunziato

Print Name:		Anthony A. Annunziato

JM/sr