Exhibit 10.01(a)
AMENDMENT NO. 1
TO
MANAGEMENT AGREEMENT
WHEREAS, XXXXXX XXXXXXX CHARTER XXXXXXXX X.X., a Delaware limited
partnership (the "Partnership"), DEMETER MANAGEMENT CORPORATION, a Delaware
corporation (the "General Partner"), and XXXXXXXX & COMPANY, INC., a Maryland
corporation (the "Trading Advisor"), have agreed to amend the Management
Agreement, dated as of the 31st day of August 2002 (the "Management Agreement"),
among the Partnership, the General Partner, and the Trading Advisor, to reduce
the monthly management 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 monthly management fee equal to 1/12 of 2.75% (a 2.75% annual
rate) referred to in Section 6(a)(i) of the Management Agreement is hereby
reduced to a monthly management fee equal to 1/12 of 2.65%. (a 2.65% annual
rate).
2. The foregoing change shall take effect as of the 1st day of
August 2003.
IN WITNESS WHEREOF, this Amendment to the Management Agreement has
been executed for and on behalf of the undersigned as of the 31st day of July
2003.
XXXXXX XXXXXXX CHARTER XXXXXXXX X.X.
By: Demeter Management Corporation,
General Partner
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
DEMETER MANAGEMENT CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
XXXXXXXX & COMPANY, INC.
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Chief Financial Officer
