EXHIBIT 10.02
AMENDMENT
TO
MANAGEMENT AGREEMENT
WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the
"General Partner") on behalf of XXXXXX XXXXXXX XXXX XXXXXX SPECTRUM COMMODITY
L.P., a Delaware limited partnership (the "Partnership"), and XXXXXX XXXXXXX
XXXX XXXXXX COMMODITIES MANAGEMENT, INC., a Delaware corporation (the "Trading
Advisor"), have agreed to amend the Amended and Restated Management Agreement,
dated as of April 1, 2000 (the "Management Agreement"), among the Partnership,
the General Partner, and the Trading Advisor, to change the incentive fee
payable to the Trading Advisor.
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 annual incentive fee percentage of 20% referred to in Section
6(a)(ii) of the Management Agreement is hereby changed to 17.5%.
2. The foregoing change shall take effect as of December 1, 2000.
Exh. 10.02-1
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.
XXXXXX XXXXXXX XXXX XXXXXX
SPECTRUM COMMODITY L.P.
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
XXXXXX XXXXXXX XXXX XXXXXX
COMMODITIES MANAGEMENT, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: President
Exh. 10.02-2
