EXHIBIT 10.19
FORM OF AMENDMENT
TO
MANAGEMENT AGREEMENT
WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the
"General Partner"), on behalf of XXXXXX XXXXXXX XXXX XXXXXX SPECTRUM STRATEGIC
L.P., a Delaware limited partnership (formerly, Xxxx Xxxxxx Spectrum Strategic
L.P.) (the "Partnership"), and Blenheim Investments, Inc., a New Jersey
corporation (the "Trading Manager"), have agreed to amend the Management
Agreement, dated as of November 1, 1994 (the "Management Agreement"), among the
Partnership, the General Partner, and the Trading Manager, to change the
management fee payable to the Trading Manager.
WHEREAS, all provisions contained in the Management Agreement remain
in full force and effect and are modified only to the extent necessary to
provide for the amendment set forth below.
NOW, THEREFORE, the parties hereto hereby amend the Management
Agreement as follows:
1. The monthly management fee rate of 1/3 of 1% (a 4% annual rate)
referred to in Section 6(a)(i) of the Management Agreement is hereby changed to
1/4 of 1% (a 3% annual rate).
2. The foregoing change shall take effect as of June __, 2001.
IN WITNESS WHEREOF, this Amendment to the Management Agreement has
been executed for and on behalf of the undersigned as of the ____ day of March,
2001.
XXXXXX XXXXXXX XXXX XXXXXX
SPECTRUM STRATEGIC L.P.
By: Demeter Management Corporation,
General Partner
By:
----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
DEMETER MANAGEMENT CORPORATION
By:
----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
BLENHEIM INVESTMENTS, INC.
By:
----------------------------------
Name:
Title: