Exhibit 10.09
Demeter Management Corporation ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc.
Two World Trade Center, 62nd Floor Two World Trade Center, 62nd Floor
New York, New York 10048 ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
May 11, ▇▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Bank
▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇
Re: ▇▇▇▇ ▇▇▇▇▇▇ Spectrum Series Escrow Agreement (Amendment)
Gentlemen:
Reference is made to the Escrow Agreement (the "Escrow Agreement")
dated September 30, 1994 among The Chase Manhattan Bank (formerly, Chemical
Bank), ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc., and Demeter Management Corporation
("Demeter"), on behalf of ▇▇▇▇ ▇▇▇▇▇▇ Spectrum Balanced L.P., ▇▇▇▇ ▇▇▇▇▇▇
Spectrum Strategic L.P. and ▇▇▇▇ ▇▇▇▇▇▇ Spectrum Technical ▇.▇. ▇▇▇▇▇▇▇ has
added ▇▇▇▇ ▇▇▇▇▇▇ Spectrum Select L.P. ("Spectrum Select," formerly ▇▇▇▇ ▇▇▇▇▇▇
Select Futures Fund L.P.), as one of the Partnerships in the Continuing
Offering. As such, Spectrum Select will offer Units to the public as described
in the Partnerships' Prospectus. Capitalized terms not defined herein shall have
the meaning ascribed thereto in the Escrow Agreement.
Accordingly, the Escrow Agreement is hereby amended to reflect the
addition of Spectrum Select as a "Partnership" for all purposes in the Escrow
Agreement. Units of Spectrum Select will be offered in the Continuing Offering
in accordance with the terms described in the Escrow Agreement. In all respects,
funds received from Subscribers to Spectrum Select during the Continuing
Offering will be held and released from escrow in accordance with the terms of
the Escrow Agreement.
If the foregoing is satisfactory to you, please so indicate by signing
in the space provided below.
Sincerely,
DEMETER MANAGEMENT CORPORATION
By: /s/ ▇▇▇▇ ▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇
President
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇
Executive Vice-President
ACCEPTED:
THE CHASE MANHATTAN BANK:
By: /s/ ▇. ▇. Gilkesen
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▇.▇. Gilkesen
Vice-President