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 212-793-1986. If you have any questions I can be reached at
212-559-5046.
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