Management Agreement Renewal Extension between Ceres Managed Futures LLC and AAA Capital Management Inc.

Summary

Ceres Managed Futures LLC and AAA Capital Management Inc. have agreed to extend the term of their existing management agreement, which covers several commodity pools, through June 30, 2011. All other terms and conditions of the original agreement remain unchanged. The renewal is confirmed by signatures from both parties. This extension ensures continued management services for the listed funds without interruption.

EX-10.5.A 2 y04566exv10w5wa.htm EX-10.5.A exv10w5wa
Exhibit 10.5(a)
June 1, 2010
AAA Capital Management Inc.
1300 Post Oak Blvd. #350
Houston, Texas 77056
Attention: Mr. Anthony Annunziato
     Re: Management Agreement Renewal
Dear Mr. Annunziato:
We are writing with respect to your management agreement 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, 2011 and all other provisions of the Management Agreement 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 Annunziato  
 
JM/sr