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EXHIBIT 10.01
ING (U.S.) SECURITIES, FUTURES & OPTIONS, INC.
SEARS TOWER
000 XXXXX XXXXXX XXXXXX
XXXXXXX, XXXXXXXX 00000
(000) 000-0000
December 8, 1998
ProFutures Long/Short Growth Fund, L.P.
Xxxx Xxxxxxx, President
ProFutures, Inc.
00000 Xxx Xxxx Xxxx -- Xxxxx 000
Xxxxxx Xxxxx 00000
Re: Customer Account No. Q 740R 0000000
First Amendment to Commodity Agreement
Dear Xx. Xxxxxxx:
Reference is made to the Commodity Agreement, dated October 22, 1997
(the "Agreement"). We acknowledge the new name (previously "ProFutures Bull &
Bear Fund, L.P.") and address of Customer as set forth above.
The eighth (8th) sentence of Section 10 of the Agreement is hereby
amended and restated as follows:
Customer shall be credited with an amount equal to: (a) the average of
the 91-day U.S. Treasury xxxx rate for such month; multiplied by (b)
the average total equity of Customer's account for such month. To the
extent that any interest earned on such total equity exceeds such
amount, ING will retain it.
Capitalized terms not otherwise defined in this Amendment shall have
the respective meanings ascribed to them in the Agreement. All other terms and
conditions set forth in the Agreement shall remain in full force and effect.
Sincerely,
ING (U.S.) SECURITIES, FUTURES & OPTIONS, INC.
By: /s/ Xxxxx X. Xxxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Controller
ACKNOWLEDGED AND AGREED:
PROFUTURES LONG/SHORT GROWTH FUND, L.P.
By: ProFutures, Inc., its General Partner
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx, President
