Exhibit 3.4
AMENDMENT NO. 2 TO THE
AMENDED AND RESTATED
DECLARATION OF TRUST
AND TRUST AGREEMENT
OF
MLM INDEX FUND
This AMENDMENT ("Amendment") is made and entered into as of the ____ day
of February, 2000 by and among MOUNT XXXXX MANAGEMENT CORPORATION, a Delaware
corporation, as manager (the "Manager"), WILMINGTON TRUST COMPANY, a Delaware
banking corporation, as trustee (the "Trustee") and the Interest Holders whose
signatures appear on the execution page hereof and who hold in the aggregate
more than 10% of the outstanding Interests of each Series as of the date
hereof (exclusive of the Interests of the Manager) (the "Signing Interest
Holders"), and is made with reference to, and pursuant to the authority
granted by Section 11.1 of that certain Amended and Restated Declaration of
Trust and Trust Agreement (the "Trust Agreement") dated the 31st day of
August, 1998, by and among the Manager, the Trustee and the Interest Holders
of the MLM Index Fund (the "Trust"), as amended by that Amendment No. 1 to the
Amended and Restated Declaration of Trust and Trust Agreement of the Trust
entered into as of March 23, 1999. Capitalized terms used but not defined
herein shall have the meaning assigned thereto in the Trust Agreement.
WHEREAS, it is desired that the first sentence of Section 7.1(e) be
amended as provided below;
NOW, THEREFORE, the parties agree as follows and the Manager and the
Signing Interest Holders hereby direct the Trustee, pursuant to the Trust
Agreement, to execute and deliver this Amendment:
1. The first sentence of Section 7.1(e) shall be replaced in its entirety
to read as follows:
"The Manager may suspend temporarily any redemption if the effect of
such redemption, either alone or in conjunction with other
redemptions, would be to impair the relevant Series' ability to
operate in pursuit of its objectives; provided, however, that the
Manager shall only suspend a redemption pursuant to this Section
7.1(e) if the impairment would be caused by a third party other than
the Manager."
2. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of Delaware (without regard to principles or rules of
conflicts of laws);
3. This Amendment may be executed and delivered in any number of
counterparts, each of which shall be an original, with the same effect as if
all signatures were on the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective officers hereunto duly authorized, as of the
day and year first above written.
MOUNT XXXXX MANAGEMENT
CORPORATION, as Manager
By: ______________________________
Name:
Title:
WILMINGTON TRUST COMPANY, not in its
individual capacity but solely as Trustee
By: ______________________________
Name:
Title:
INTEREST HOLDERS
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