Parties to the Escrow SMITH BARNEY WESTPORT FUTURES FUND L.P. By: Smith Barney Futures Management Inc., General Partner By /s/ David J. Vogel SMITH BARNEY FUTURES MANAGEMENT INC. By /s/ David J. Vogel SMITH BARNEY INC. By /s/ David J. Vogel

Contract Categories: Business Finance - Escrow Agreements
EX-10.2.A 8 y02392exv10w2wa.htm EX-10.2.A exv10w2wa
Exhibit 10.2(a)
AMENDMENT NO. 1 TO THE ESCROW AGREEMENT AND INSTRUCTIONS AMONG SMITH BARNEY WESTPORT FUTURES FUND L. P., SMITH BARNEY FUTURES MANAGEMENT INC., SMITH BARNEY INC. AND EUROPEAN AMERICAN BANK DATED AS OF APRIL 8, 1997
          Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Escrow Agreement and Instructions (the “Escrow Agreement”) dated as of April 8, 1997.
          Certain provisions of the Escrow Agreement are modified pursuant to this Amendment No. 1. SB intends to enter into a Market-Making Agreement with the General Partner and the Partnership whereby SB will purchase the Units of redeeming/transferring limited partners in the Partnership for immediate resale to new investors. Upon the commencement of SB’s market-making offering, subscribers’ subscription amounts received by SB shall be deposited in the Escrow Accounts as Escrow Property.
          The Escrow Agent shall hold, deal with and dispose of the Escrow Property and any other property at any time held hereunder subject to the terms and conditions hereinafter set forth:
          1. As long as SB is acting as market-maker for the Partnership, all Escrow Property deposited with the Escrow Agent shall be paid over and delivered to SB on the first day of the month succeeding receipt of a request from the General Partner and SB.
          2. Prior to delivery of the Escrow Property to SB as described in Paragraph 1 above, SB shall have no title to or interest in the funds on deposit, and such funds shall under no circumstances be subject to the payment or satisfaction of the liabilities or indebtedness of SB.
          3. The Escrow Agent shall cause all funds deposited with it pursuant to this Escrow Agreement to be maintained and invested as SB shall from time to time direct by written instructions delivered to the Escrow Agent.
          4. Notices to the Escrow Agent under the Escrow Agreement may be given by either the General Partner or SB.
          5. Any of the persons whose names and signatures appear on Schedule 1 annexed hereto are authorized by the General Partner and SB to deliver any instruction or notice to the Escrow Agent required or permitted by this Escrow Agreement.

 


 

          6. The Escrow Agreement shall remain in full force and effect in accordance with its terms except as modified by this Amendment No. 1.
Dated as of July 1, 1998
             
    Parties to the Escrow    
 
           
    SMITH BARNEY WESTPORT    
    FUTURES FUND L.P.    
 
           
 
  By:   Smith Barney    
 
      Futures Management Inc.,    
 
      General Partner    
 
           
 
  By   /s/ David J. Vogel
 
   
 
           
    SMITH BARNEY FUTURES    
    MANAGEMENT INC.    
 
         
             
 
  By   /s/ David J. Vogel
 
 
 
  SMITH BARNEY INC.    
 
           
 
  By   /s/ David J. Vogel
 
   
ACCEPTED:
EUROPEAN AMERICAN BANK
By                                                            

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SCHEDULE 1
         
Name   Title   Signature
 
       
David J. Vogel
  President and Director   /s/ David J. Vogel
 
       
 
       
Daniel R. McAuliffe,
  Director   /s/ Daniel R.
Jr.
      McAuliffe, Jr.
 
       
 
       
Daniel A. Dantuono
  Treasurer, Director and Chief Financial Officer   /s/ Daniel A. Dantuono
 
       

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