June 30, 2007

Exhibit 10.12

June 30, 2007

AAA Capital Management Inc.
0000 Xxxx Xxx Xxxx. #000
Xxxxxxx, Xxxxx 00000

Attention: Xx. Xxxxxxx Xxxxxxxxxx

Re:    Management Agreement Renewal

Dear Xx. Xxxxxxxxxx:

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, 2008 and all other provisions of the Management Agreement will remain unchanged.

	•	Xxxxx Xxxxxx AAA Energy Fund L.P.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Xx. Xxxxxxxx Xxxxx at the address above or fax to 000-000-0000. If you have any questions I can be reached at 000-000-0000.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By: /s/ Xxxxxxxx Xxxxx                            

Xxxxxxxx Xxxxx
Chief Financial Officer & Director

By: /s/ Xxxxxxx Xxxxxxxxxx                   

Print Name: Xxxxxxx Xxxxxxxxxx