EXHIBIT 10.4(d)

August 8, 2014

Morgan Stanley Smith Barney LLC

522 Fifth Avenue, 13th Floor

New York, New York 10036

 

Re: Ceres Managed Futures LLC: Amended Schedules 1 and 2 to the Alternative
Investment Selling Agent Agreement

Ladies and Gentlemen:

Pursuant to paragraph 13(c) of the Alternative Investment Selling Agent
Agreement dated November 12, 2013, as amended on March 1, 2014; April 7, 2014
and as further amended from time to time (the “Agreement”), between, among
others, Ceres Managed Futures LLC (“CMF”), the general partner of each of the
limited partnerships listed on Schedule 1 thereto (each, a “Partnership,” and
together, the “Partnerships”), and Morgan Stanley Smith Barney LLC (“MSSB”), CMF
is hereby confirming that Schedules 1 and 2 to the Agreement are hereby deleted
in their entirety and replaced with Schedules 1 and 2 attached hereto effective
as of October 1, 2014.

Notwithstanding anything to the contrary in the Agreement, by signing below MSSB
hereby agrees to, acknowledges and accepts the amendment of the Agreement,
effective as of October 1, 2014.

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If the foregoing is in accordance with your understanding of our discussions,
kindly sign and return to us a counterpart hereof (by mail, facsimile or email)
as soon as possible.

 

Sincerely, CERES MANAGED FUTURES LLC By:   /s/ Alper Daglioglu   Alper Daglioglu
  President and Director EACH PARTNERSHIP LISTED ON SCHEDULE 1 HERETO By: Ceres
Managed Futures LLC, the general partner of each Partnership By:   /s/ Alper
Daglioglu   Alper Daglioglu   President and Director

Confirmed, accepted and agreed to:

 

MORGAN STANLEY SMITH BARNEY LLC By:   /s/ Jeremy Beal Name: Jeremy Beal Title:
Executive Director

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SCHEDULE 1

 

PARTNERSHIP

 

STATE AND DATE OF ORGANIZATION

 

EFFECTIVE DATE

AAA Capital Energy Fund L.P. II

  New York; March 25, 2002   March 1, 2014

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SCHEDULE 2

 

PARTNERSHIP

  

ONGOING SELLING AGENT FEE

AAA Capital Energy Fund L.P. II

   An amount which will be calculated by multiplying the fund’s round turn
futures transactions by $15.00 each, swaps by up to an equivalent amount and
options transactions by $7.50 each per side. In each case, the amount will be
reduced by applicable floor brokerage.