Amendment to Management Agreement among Demeter Management Corporation, Morgan Stanley Dean Witter Spectrum Commodity L.P., and Morgan Stanley Dean Witter Commodities Management, Inc.

Summary

This amendment updates the management agreement between Demeter Management Corporation (as General Partner for Morgan Stanley Dean Witter Spectrum Commodity L.P.) and Morgan Stanley Dean Witter Commodities Management, Inc. The key change is a reduction in the annual incentive fee paid to the Trading Advisor from 20% to 17.5%, effective December 1, 2000. All other terms of the original agreement remain unchanged.

EX-10.02 3 mo558275_ex10-02.txt AMENDMENT TO MANAGEMENT AGREEMENT EXHIBIT 10.02 AMENDMENT TO MANAGEMENT AGREEMENT WHEREAS, DEMETER MANAGEMENT CORPORATION, a Delaware corporation (the "General Partner") on behalf of MORGAN STANLEY DEAN WITTER SPECTRUM COMMODITY L.P., a Delaware limited partnership (the "Partnership"), and MORGAN STANLEY DEAN WITTER COMMODITIES MANAGEMENT, INC., a Delaware corporation (the "Trading Advisor"), have agreed to amend the Amended and Restated Management Agreement, dated as of April 1, 2000 (the "Management Agreement"), among the Partnership, the General Partner, and the Trading Advisor, to change 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 annual incentive fee percentage of 20% referred to in Section 6(a)(ii) of the Management Agreement is hereby changed to 17.5%. 2. The foregoing change shall take effect as of December 1, 2000. Exh. 10.02-1 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 COMMODITY 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 MORGAN STANLEY DEAN WITTER COMMODITIES MANAGEMENT, INC. By: /s/ Wayne D. Peterson ---------------------------------------- Name: Wayne D. Peterson Title: President Exh. 10.02-2