Attached files
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.
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MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P.
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By: Ceres Managed Futures LLC,
General Partner
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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