Letter Agreement Extending Management Agreements between CERES Managed Futures LLC and AAA Capital Management Advisors, Ltd.
CERES Managed Futures LLC and AAA Capital Management Advisors, Ltd. have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2012. All other terms of the original agreements remain unchanged. The extension applies to multiple funds managed by AAA Capital, and the agreement is confirmed by signatures from both parties.
Exhibit 10.3(a)
June 1, 2011
AAA Capital Management Advisors, Ltd.
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, 2012 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 |
| • | 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 | ||
