Amendment to Management Agreement among Dean Witter Cornerstone Fund IV, Demeter Management Corporation, and Sunrise Capital Management, Inc.

Summary

This amendment updates the Management Agreement between Dean Witter Cornerstone Fund IV, Demeter Management Corporation (as General Partner), and Sunrise Capital Management, Inc. (Trading Manager). The main change is a reduction in the management fee paid to the Trading Manager from an annual rate of 4% to 3.5%, effective December 1, 2000. All other terms of the original agreement remain unchanged.

EX-10.2 3 0003.txt AMENDMENT TO MANAGEMENT AGREEMENT EXHIBIT 10.2 AMENDMENT TO MANAGEMENT AGREEMENT WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the "General Partner") on behalf of DEAN WITTER CORNERSTONE FUND IV, a New York limited partnership (the "Partnership"), and SUNRISE CAPITAL MANAGEMENT, INC., a California corporation (formerly, Sunrise Commodities, Inc.) (the "Trading Manager"), have agreed to amend the Management Agreement, dated as of January 20, 1987 (the "Management Agreement"), among the Partnership, the General Partner, and the Trading Manager, to change the management fee payable to the Trading Manager. 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 1/3 of 1% (a 4% annual rate) referred to in Section 7(a)(i) of the Management Agreement is hereby changed to 7/24 of 1% (a 3.5% annual rate). 2. The foregoing change shall take effect as of December 1, 2000. 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 CORNERSTONE FUND IV 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 MANAGEMENT, INC. By: /s/Martin P. Klitzner ----------------------------------- Name: Martin P. Klitzner Title: President