EXHIBIT 10.1
AMENDMENT
TO
MANAGEMENT AGREEMENT
WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the
"General Partner") on behalf of XXXX XXXXXX CORNERSTONE FUND IV, a New York
limited partnership (the "Partnership"), and XXXX X. XXXXX & COMPANY, INC., a
Florida corporation (the "Trading Manager"), have agreed to amend the Management
Agreement, dated as of January 20, 1987, as amended by Amendment to Management
Agreement, dated as of February 1, 1998 (together, 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 7(a)(i) of the Management Agreement is hereby changed to
7/24 of 1% (a 3.5% annual rate).
2. The foregoing change shall take effect as of December 1, 2000.
IN WITNESS WHEREOF, this Amendment to the Management Agreement has been
executed for and on behalf of the undersigned as of the 30th day of November,
2000.
XXXX XXXXXX CORNERSTONE FUND IV
By: Demeter Management Corporation,
General Partner
By: /s/Xxxxxx X. Xxxxxx
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
DEMETER MANAGEMENT CORPORATION
By: /s/Xxxxxx X. Xxxxxx
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
XXXX X. XXXXX & COMPANY, INC
By: /s/X. Xxxxxxxx
-----------------------------------
Name: Xxxxx Xxxxxxxx
Title: President
