Management Agreement Renewal Letter between Citigroup Managed Futures LLC and AAA Capital Management Inc. (June 9, 2009)

Summary

Citigroup 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, 2010. All other terms and conditions of the original agreements remain unchanged. The renewal covers multiple funds managed by AAA Capital Management Inc. Both parties have acknowledged the extension by signing this letter.

EX-10.3.A 2 y02269exv10w3wa.htm EX-10.3.A exv10w3wa

Exhibit 10.3(a)

June 9, 2009

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 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, 2010 and all other provisions of the Management Agreements will remain unchanged.

	•		Smith Barney AAA Energy Fund L.P.
	•		Citigroup AAA Energy Fund L.P. II
	•		Citigroup AAA Master Fund LLC
	•		Citigroup Orion Futures Fund L.P.
	•		Citigroup Diversified Futures Fund L.P.
	•		CMF Institutional Futures Portfolio L.P.
	•		Legion Strategies LLC
	•		Citigroup Energy Advisors Portfolio L.P.
	•		Citigroup Global Futures Fund LTD
	•		Citigroup 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,

CITIGROUP 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