Exhibit 10.10
FORM OF
AMENDMENT
TO
AMENDED AND RESTATED
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.
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:
-----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
DEMETER MANAGEMENT CORPORATION
By:
-----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
XXXXXX XXXXXXX XXXX XXXXXX COMMODITIES
MANAGEMENT, INC.
By:
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Name: Xxxxx X. Xxxxxxxx
Title: President
