EXHIBIT 10.2
AMENDMENT
TO
MANAGEMENT AGREEMENT
WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the
"General Partner") on behalf of DEAN WITTER WORLD CURRENCY FUND L.P., a Delaware
limited partnership (the "Partnership"), and MILLBURN RIDGEFIELD CORPORATION, a
Delaware corporation (the "Trading Advisor"), have agreed to amend the
Management Agreement, dated as of April 2, 1993 (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 1/4 of 1% (a 3% annual rate)
referred to in Section 6(a)(i) of the Management Agreement is hereby changed to
1/6 of 1% (a 2% annual rate).
2. The quarterly incentive fee percentage of 17.5% 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.
DEAN WITTER WORLD CURRENCY FUND 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
MILLBURN RIDGEFIELD CORPORATION
By: /s/George E. Crapple
-----------------------------------
Name: George E. Crapple
Title: Co-Chairman
