Document:

dwsfex1002b.htm

 

Exhibit 10.02(b)

 

 

                                                                   AMENDMENT NO. 2

                                                                                    TO

                                      AMENDED AND RESTATED MANAGEMENT AGREEMENT

 

 

 

WHEREAS, MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P. (formerly known as Dean Witter

 

 

Spectrum Select L.P.), a Delaware limited partnership (the “Partnership”), CERES MANAGED FUTURES LLC, a

 

 

Delaware limited liability company (formerly Demeter Management Corporation, the “General Partner”), and EMC

 

 

CAPITAL MANAGEMENT, INC., an Illinois corporation (the “Trading Advisor”), have agreed to amend the Amended

 

 

and Restated Management Agreement, dated as of the 1st day of June, 1998, as amended by the Amendment No. 1 thereto

 

 

as of the 1st day of November, 2006 (the “Management Agreement”), among the Partnership, the General Partner, and the

 

 

Trading Advisor, to reduce the monthly management fee rate payable to the Trading Advisor and to increase the monthly

 

 

incentive fee rate payable to the Trading Advisor. Terms used and not otherwise defined herein have the meanings ascribed

 

 

to such terms in the Management Agreement.

 

 

 

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 amendments set forth below.

 

 

 

NOW, THEREFORE, the parties hereto hereby amend the Management Agreement as follows:

 

 

1. Effective December 1, 2010, Demeter Management LLC (formerly known as Demeter Management Corporation) was merged

 

 

into Ceres Managed Futures LLC. In such connection, all references in the Management Agreement to the “General Partner” shall be

 

 

deemed to mean Ceres Managed Futures LLC.

 

 

2. The monthly management fee rate equal to 5/24 of 1.00% (a 2.50% annual rate) referred to in Section 6(a)(i) of the Management

 

 

Agreement is hereby reduced to a monthly management fee rate equal to 1/12 of 2.00% (a 2.00% annual rate).

 

 

3. The monthly incentive fee rate equal to 17.5% referred to in Section 6(a)(ii) of the Management Agreement is hereby increased to

 

 

a monthly incentive fee rate equal to 20%.

 

 

4. The foregoing amendments shall take effect as of the 1st day of July, 2011.

 

 

5. This Amendment No. 2 may be executed in one or more counterparts, each of which shall be deemed an original but all of which

 

 

together shall constitute the same agreement.

 

 

  

  

  

6. This Amendment No. 2 shall be governed and construed in accordance with the laws of the State of New York.

 

 

 

  

  

  

 

IN WITNESS WHEREOF, this Amendment to the Management Agreement has been executed for and on behalf of the

 

 

undersigned as of the 9th day of May, 2011.

 

	  	
MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P.

 

 

	  	
By: Ceres Managed Futures LLC,

 

	  	
General Partner

 

	  	
By:  

	
/s/ Walter Davis­­­­­­­­­­­­

 

	  	
Name:

	
Walter Davis

 

	  	
Title:

	
President

 

 

	  	
CERES MANAGED FUTURES LLC

 

 

	  	
By:

	
/s/ Walter Davis­­­­­­­­­­­­

 

	  	
Name:

	
Walter Davis

 

	  	
Title:

	
President

 

 

	  	
EMC CAPITAL MANAGEMENT, INC.

 

	  	
By:

	
/s/ Elizabeth A. Cheval­­­­­­­

 

	  	
Name:

	
Elizabeth A. Cheval

 

	  	
Title:

	
Chairmandwsfex1016a.htm

 

 

Exhibit 10.16(a)

 

 

                                                       AMENDMENT NO. 1

                                                                      TO

                            AMENDED AND RESTATED MANAGEMENT AGREEMENT

 

 

WHEREAS, MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P. (formerly known as Morgan

 

 

Stanley Dean Witter Spectrum Select L.P.), a Delaware limited partnership (the “Partnership”), CERES MANAGED

 

 

FUTURES LLC, a Delaware limited liability company (formerly Demeter Management Corporation, the “General Partner”),

 

 

and NORTHFIELD TRADING L.P., a Delaware limited partnership (the “Trading Advisor”), have agreed to amend the

 

 

Amended and Restated Management Agreement, dated as of the 1st day of May, 2001 (the “Management Agreement”),

 

 

among the Partnership, the General Partner, and the Trading Advisor, to reduce the monthly management fee rate payable

 

 

to the Trading Advisor and to increase the monthly incentive fee rate payable to the Trading Advisor. Terms used and not

 

 

otherwise defined herein have the meanings ascribed to such terms in the Management Agreement.

 

 

 

 

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 amendments set forth below.

 

 

 

 

NOW, THEREFORE, the parties hereto hereby amend the Management Agreement as follows:

 

 

 

1. Effective December 1, 2010, Demeter Management LLC (formerly known as Demeter Management Corporation) was merged

 

 

into Ceres Managed Futures LLC. In such connection, all references in the Management Agreement to the “General Partner”

 

 

shall be deemed to mean Ceres Managed Futures LLC.

 

 

2. The monthly management fee rate equal to 1/12 of 3.00% (a 3.00% annual rate) referred to in clause (a)(i) of the Section entitled

 

 

“Fees” in the Management Agreement is hereby reduced to a monthly management fee rate equal to 1/12 of 2.00% (a 2.00% annual rate).

 

 

3. The monthly incentive fee rate equal to 15% referred to in clause (a)(ii) of the Section entitled “Fees” in the Management Agreement is

 

 

hereby increased to a monthly incentive fee rate equal to 20%.

 

 

4. The foregoing amendments shall take effect as of the 1st day of July, 2011.

 

 

5. This Amendment No. 1 may be executed in one or more counterparts, each of which shall be deemed an original but all of which together

 

 

shall constitute the same agreement.

 

 

 

  

  

  

6. This Amendment No. 1 shall be governed and construed in accordance with the laws of the State of New York.

 

 

 

  

  

  

 

IN WITNESS WHEREOF, this Amendment to the Management Agreement has been executed for and on behalf of the undersigned

 

 

as of the 9th day of May, 2011.

 

	  	
MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P.

 

 

	  	
By: Ceres Managed Futures LLC,

 

	  	
General Partner

 

	  	
By:

	
/s/ Walter Davis­­­­­­­­­­

 

	  	
Name:

	
Walter Davis

 

	  	
Title:

	
President

 

 

	  	
CERES MANAGED FUTURES LLC

 

	  	
By:

	
/s/ Walter Davis­­­­­­­­­

 

	  	
Name:

	
Walter Davis

 

	  	
Title:

	
President

 

 

	  	
NORTHFIELD TRADING L.P.

 

	  	
By:

	
/s/ Douglas Bry­­­­­­­­­­­­

 

	  	
Name:

	
Douglas Bry

 

	  	
Title:

	
Presidentdwstex1001.htm

Exhibit 10.01(c)

 

 

                                                      AMENDMENT NO. 3

                                                                   TO

                AMENDED AND RESTATED MANAGEMENT AGREEMENT

 

 

WHEREAS, MORGAN STANLEY SMITH BARNEY SPECTRUM TECHNICAL L.P. (formerly known as

 

 

Dean Witter Spectrum Technical L.P.), a Delaware limited partnership (the “Partnership”), CERES MANAGED

 

 

FUTURES LLC, a Delaware limited liability company (formerly Demeter Management Corporation, the “General

 

 

Partner”), and CAMPBELL & COMPANY, INC., a Maryland corporation (the “Trading Advisor”), have agreed

 

 

to amend the Amended and Restated Management Agreement, dated as of the 1st day of November, 1994, as

 

 

amended by the Amendment No. 1 thereto as of the 30th day of November, 2000 and Amendment No. 2 thereto

 

 

as of the 13th day of June, 2006 (the “Management Agreement”), among the Partnership, the General Partner, and

 

 

the Trading Advisor, to reduce the monthly management fee rate payable to the Trading Advisor and to increase the

 

 

monthly incentive fee rate payable to the Trading Advisor. Terms used and not otherwise defined herein

 

 

have the meanings ascribed to such terms in the Management Agreement.

 

 

 

WHEREAS, all provisions contained in the Management Agreement remain in full force and effect

 

 

aand are modified only to the extent necessary to provide for the amendments set forth below.

 

 

NOW, THEREFORE, the parties hereto hereby amend the Management Agreement as follows:

 

 

 

1. Effective December 1, 2010, Demeter Management LLC (formerly known as Demeter Management

 

 

Corporation) was merged into Ceres Managed Futures LLC. In such connection, all references in the

 

 

Management Agreement to the “General Partner” shall be deemed to mean Ceres Managed Futures LLC.

 

 

 

2. The monthly management fee rate equal to 1/4 of 1% (a 3% annual rate) referred to in Section 6(a)(i)

 

 

of the Management Agreement is hereby reduced to a monthly management fee rate equal to 1/12 of 2.00%

 

 

(a 2.00% annual rate).

 

 

 

4. The foregoing amendments shall take effect as of the 1st day of June, 2011.

 

 

  

  

  

 

5. This Amendment No. 3 may be executed in one or more counterparts, each of which shall be deemed an original

 

 

but all of which together shall constitute the same agreement.

 

 

 

6. This Amendment No. 3 shall be governed and construed in accordance with the laws of the State of New York.

 

 

  

  

  

 

 

IN WITNESS WHEREOF, this Amendment to the Management Agreement has been executed for and

 

 

on behalf of the undersigned as of the 9th day of May, 2011.

 

	  	
MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P.

 

 

	  	
By: Ceres Managed Futures LLC,

 

        General Partner

 

 

                                                               By: /s/ Walter Davis

                                                                      Name:  Walter Davis

                                                                      Title:     President

 

                                                                CERES MANAGED FUTURES LLC

                                                        

                                                                 By: /s/ Walter Davis

                                                                         Name:  Walter Davis

                                                                         Title:     President

 

                                                                 CAMPBELL & COMPANY, INC.

 

                                                                 By: /s/ Thomas P. Lloyd

                                                                         Name:  Thomas P. Lloyd

                                                                         Title:     General Counsel

 

                                                                 By: /s/ Gregory T. Donovan

                                                                         Name:  Gregory T. Donovan

                                                                         Title:     Chief Financial Officer

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