EXHIBIT 10.24
FIRST AMENDMENT
TO THE
LIMITED PARTNERSHIP AGREEMENT
OF
BIG SHOULDERS INTERTECH FUND, L.P.
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THIS FIRST AMENDMENT (this "First Amendment") TO THE BIG SHOULDERS
INTERTECH FUND, L.P. is made and entered into as of the 31st of March, 2000, by
and among Big Shoulders Management, L.L.C., a Delaware limited liability
company, and the persons listed on Schedule 1 to the Limited Partnership
Agreement of Big Shoulders interTech Fund, L.P., dated as of February 10, 2000
(the "Partnership Agreement"). Unless otherwise defined herein, capitalized
terms used herein shall have the meanings ascribed to them in the Partnership
Agreement.
RECITALS:
WHEREAS, the parties hereto entered into the Partnership Agreement as of
the 10th day of February, 2000.
WHEREAS, the parties hereto constitute all of the Partners of Big Shoulders
interTech Fund, L.P., a Delaware limited partnership (the "Partnership").
WHEREAS, the parties hereto now desire to amend the Partnership Agreement
as hereinafter provided.
AGREEMENT:
NOW, THEREFORE, the parties hereto agree to amend the Partnership Agreement
as follows:
1. The second sentence of Section 2.7 of the Partnership Agreement is
hereby deleted and replaced with the following:
"It is understood and agreed that in furtherance of its objectives, the
Partnership generally will invest in start-up and early-stage companies
located in Chicago and throughout Illinois and generally will make initial
investments of between $250,000 and $3,500,000 in each particular Security,
but may from time to time make investments in companies located outside of
Illinois or make larger or smaller investments as determined by the General
Partner in its sole discretion."
2. Except as amended herein, all terms and provisions contained in the
Agreement shall remain in full force and effect.
3. This First Amendment may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which taken together shall
constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
as of the date first hereinabove written.
GENERAL PARTNER:
---------------
Big Shoulders Management, L.L.C.
By: ____________________________________
Name: ____________________________________
Its: ____________________________________
LIMITED PARTNERS:
TO BE AGREED TO BY EXECUTION OF
COUNTERPART LIMITED PARTNER
SIGNATURE PAGE
BIG SHOULDERS INTERTECH FUND, L.P.
Counterpart Limited Partner Signature Page
The undersigned Limited Partner hereby executes the First Amendment to the
Limited Partnership Agreement of Big Shoulders interTech Fund, L.P. and hereby
authorizes this signature page to be attached to a counterpart of such document
executed by the General Partner of Big Shoulders interTech Fund, L.P.
Dated as of March 31, 2000
___________________________________
(Print Name of Limited Partner)
By: ____________________________
Name: ____________________________
Title: ____________________________
