Exhibit 3.3
AMENDMENT NO. 1 TO THE
AMENDED AND RESTATED
DECLARATION OF TRUST
AND TRUST AGREEMENT
OF
MLM INDEX FUND
This AMENDMENT ("Amendment") is made and entered into as of the 23rd day
of March, 1999 by and among MOUNT ▇▇▇▇▇ INDEX MANAGEMENT CORPORATION, a
Delaware corporation, as grantor and manager (the "Manager"), WILMINGTON TRUST
COMPANY, a Delaware banking corporation, as trustee (the "Trustee") and the
Interests Holders whose signatures appear on the execution page hereof and who
hold in the aggregate more than 10% of the outstanding Interests of each
Series as of the date hereof (exclusive of the Interests of the Manager) (the
"Signing Interest Holders"), and is made with reference to, and pursuant to
the authority granted by Section 11.1 of that certain Amended and Restated
Declaration of Trust and Trust Agreement (the "Trust Agreement") dated the
31st day of August, 1998, by and among the Manager, the Trustee and the
Interest Holders of the MLM Index Fund (the "Trust"). Capitalized terms used
but not defined herein shall have the meaning assigned thereto in the Trust
Agreement.
WHEREAS, it is desired that the management fees to be received by the
Manager be revised to reflect the management fees described in the Offering
Memorandum;
NOW, THEREFORE, the parties agree as follows and the Manager and the
Signing Interest Holders hereby direct the Trustee, pursuant to the Trust
Agreement, to execute and deliver this Amendment:
1. Section 4.8 shall be replaced in its entirety to read as follows:
SECTION 4.8 Compensation to the Manager. The Manager shall receive
from the relevant Series a management fee at an annual rate of one
and one-quarter percent (1.25%) for the Class A-1 Unleveraged
Series, one and one-half percent (1.5%) for the Class A Unleveraged
Series, one-quarter percent (.25%) for the Class B-1 Unleveraged
Series, one-half percent (0.5%) for the Class B Unleveraged Series,
one and sixty five-one hundredths percent (1.65%) for the Class A-1
Enhanced Series, two and eight-tenths percent (2.80%) for the Class
A Enhanced Series, sixty five-one hundredths percent (0.65%) for the
Class B-1 Enhanced Series and one and three-tenths percent (1.3%)
for the Class B Enhanced Series based upon the Net Asset Value of
the relevant Series, determined and paid as of the first day of each
calendar month. The Manager shall, in its capacity as an Interest
Holder, be entitled to receive allocations and distributions
pursuant to the provisions of this Trust Agreement.
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2. A new Section 11.1(f) shall be added to the Trust Agreement to read
in its entirety as follows:
(f) Each amendment of this Trust Agreement shall become effective 30 days
after the Manager has sent notice to all Interest Holders that the
amendment has been signed by the required parties and will become
effective.
3. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of Delaware (without regard to principles or rules of
conflicts of laws);
4. This Amendment may be executed and delivered in any number of
counterparts, each of which shall be an original, with the same effect as if
all signatures were on the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective officers hereunto duly authorized, as of the
day and year first above written.
MOUNT ▇▇▇▇▇ INDEX MANAGEMENT
CORPORATION, as Manager
By: _____________________________________
Name:
Title:
WILMINGTON TRUST COMPANY, not in its
individual capacity but solely as Trustee
By: _______________________________________
Name:
Title:
INTERESTHOLDERS
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