AMENDMENT TO THE IDS MANAGED FUTURES. L.P.
ADVISORY CONTRACT DATED MARCH 27, 1987
Xxxx X. Xxxxx & Company, Inc., a Florida corporation ("JWH"), IDS
Managed Futures, L.P, a Delaware limited partnership ("the Partnership"), IDS
Futures Corporation, a Minnesota corporation ("IDS Futures"), and CIS
Investments, Inc. a Delaware corporation ("CISI"), hereby agree to the following
amendments (collectively, the "Amendment") to that certain Advisory Contract
dated March 27, 1987, by and among the parties hereto ("the Advisory Contract"),
as amended (the Advisory Contract and the aforesaid amendments thereto are
hereinafter referred to collectively as the "Agreement"). All terms and
conditions of the Agreement shall remain in full force and effect after adoption
of this Amendment unless expressly and specifically amended hereby, and all
references to the Agreement shall be deemed references to the Agreement as
amended hereby. The purpose of this Amendment is to extend the term of the
Agreement. Any capitalized terms used herein and not specifically defined herein
shall have the meanings ascribed to such terms in the Agreement.
1. Under Section 6, Terms and Termination, the first paragraph shall be deleted
and a new first paragraph shall be inserted to replace the deleted paragraph and
shall read as follows:
The term of the Agreement as hereby amended shall be deemed to
have commenced on the date that the Agreement would have expired had
this Amendment not been executed, and unless sooner terminated, shall
continue in effect until December 31, 2002. This Agreement shall
automatically renew with respect to JWH on the same terms as set forth
herein for three additional twelve-month terms beginning January 1 and
ending December 31 unless the Partnership shall give to JWH written
notice that it does not elect to renew the Agreement with respect to
JWH at least 45 days prior to the termination of the then current
twelve-month period. This renewal right shall be applicable
irrespective of any change in Advisors or any reallocation of
Partnership assets among Advisors or to other trading advisors by the
Partnership.
2. This Amendment may be signed in multiple counterparts, all of
which, when taken together shall constitute one document.
3. The parties restate and confirm the accuracy as of the date hereof of
the representations made by each of them in Section 11 and Section 12
of the Agreement.
4. This Amendment and the applicable provisions of the Agreement not
expressly and specifically amended hereby together constitute the
entire agreement among the parties with respect to the matters referred
to herein and therein, and no other agreement, verbal or otherwise,
shall be binding upon the parties hereto.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of
the 31st day of December, 1999.
IDS MANAGED FUTURES, L.P. XXXX X. XXXXX & COMPANY, INC.
CIS INVESTMENTS, INC.
General Partner By:/s/ Xxxxx X. Xxxxxxxx
By:/s/ Xxxxxxx X. Xxxxxxxx Its:President
Its: Vice President
IDS FUTURES CORPORATION
General Partner
By: /s/Xxxx X. Xxxxxx
Its:Vice President
CIS INVESTMENTS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
Its: Vice President
IDS FUTURES CORPORATION
By: /s/ Xxxx X. Xxxxxx
Its: Vice President
