EXHIBIT 10.2
AMENDMENT
TO
MANAGEMENT AGREEMENT
WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the
"General Partner") on behalf of MORGAN STANLEY DEAN WITTER SPECTRUM CURRENCY
L.P., a Delaware limited partnership (the "Partnership"), and SUNRISE CAPITAL
PARTNERS, LLC, a California limited liability company (the "Trading Advisor"),
have agreed to amend the Management Agreement, dated as of March 6, 2000 (the
"Management Agreement"), among the Partnership, the General Partner, and the
Trading Advisor, to change the management fee and 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 monthly management fee rate of 1/12 of 3% (a 3% annual rate)
referred to in Section 6(a)(i) of the Management Agreement is hereby changed to
1/12 of 2% (a 2% annual rate).
2. The monthly incentive fee percentage of 15% referred to in Section
6(a)(ii) of the Management Agreement is hereby changed to 20%.
3. The foregoing changes shall take effect as of December 1, 2000.
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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.
MORGAN STANLEY DEAN WITTER SPECTRUM
CURRENCY L.P.
By: Demeter Management Corporation,
General Partner
By: /s/Robert E. Murray
-----------------------------------
Name: Robert E. Murray
Title: President
DEMETER MANAGEMENT CORPORATION
By: /s/Robert E. Murray
-----------------------------------
Name: Robert E. Murray
Title: President
SUNRISE CAPITAL PARTNERS, LLC
By: /s/Martin P. Klitzner
-----------------------------------
Name: Martin P. Klitzner
Title: President