AGREEMENT OF LIMITED PARTNERSHIP

This Agreement of Limited Partnership is entered into and effectie as of the !!th da" of
!!!!!!!!!!# $%%! &" and &et'een !!!!!!!!!!!!!!!!! the (Genera) Partner( and !!!!!!!!!!
the (Limited Partner(*
ARTI+LE I FORMATION OF LIMITED PARTNERSHIP
$*,$ PARTNERSHIP FORMATION AND P-RPOSE
The parties hereto here&" form a )imited partnership .the (Partnership(/ p0rs0ant to the -niform
Limited Partnership Act .the (Act(/*
$*,1 P-RPOSE*
The p0rpose of the Partnership is to enter into e2c)0sie recording# p0&)ishing# and song'riter
agreements 'ith m0sica) ta)ent# to record# p0&)ish# man0fact0re# and distri&0te phonorecords to the
p0&)ic for profit * The Partnership anticipates the recording# re)ease# and promotion of at )east 1 .t'o/
)ong p)a"ing a)&0ms per "ear* The Partnership anticipates the ac30isition of the cop"rights for at )east
4, .fift"/ m0sica) compositions per "ear* The Partnership sha)) &e the so)e o'ner of the cop"rights for
a)) m0sica) compositions ac30ired &" the Partnership* In addition# the e2c)0sie serices of
!!!!!!!!!!!.Artist/!!!!!!!! sha)) &e rendered 0nto the Partnership for the term of this
Agreement* The Partnership sha)) ho)d so)e possession of these m0sica) cop"rights 0n)ess assigned or
so)d to another p0&)ishing concern* The p0rpose of the Partnership is to ac30ire# prod0ce# and
mar5et for profit# master recordings of the artists and ta)ent ac30ired &" the Partnership*
$*,6 NAME*
The name of the Partnership sha)) &e !!!!!!!!!!* The Partnership sha)) do &0siness 0nder this and
no other name*
$*,7 ORGANI8ATION +ERTIFI+ATES
The parties sha)) ca0se to &e e2ec0ted and fi)ed9
.a/ +ertificate of Limited Partnership in connection 'ith Section 6.a/.$/ of the Act:
.&/ +ertificates as re30ired &" the Ass0med Name Act in each ;0risdiction in 'hich the Partnership
has a p)ace of &0siness: and
.c/ A)) s0ch other certificates# notices# statements# or other instr0ments re30ired &" )a' for the
formation and operation of a )imited partnership*
$*,4 AFFILIATIONS*
The Partnership or its p0&)ishing arm sha)) &e an affi)iate of &oth <roadcast M0sic Inc* .<*M*I*/ and
the American Societ" of +omposers# A0thors# and P0&)ishers .A*S*+*A*P*/ for the p0rpose of
co))ecting ro"a)t" pa"ments d0e it=s artists and p0&)ishing concerns*
$*,> PRIN+IPLE PLA+E OF <-SINESS*
The princip)e p)ace of &0siness of the Partnership sha)) &e !.street/!!!!!!!!!!!!!!!!!#
!!.cit"#state/!!!!!!!!!!!!!!!# or s0ch other p)ace as the Genera) Partner ma"# from time to time#
designate &" notice to the Limited Partner* The Partnership ma" maintain s0ch other offices at s0ch
other p)aces as the Genera) Partner ma" determine to &e in the &est interest of the Partnership*
ARTI+LE II DEFINITIONS
The fo))o'ing terms# 'hen 0sed herein# 0n)ess the conte2t indicates other'ise# hae the meanings
assigned to them in this Artic)e II9
.a/ (ADMINISTRATI?E AND O?ERHEAD E@PENSES(9 Those c0stomar"# ro0tine# and
necessar" costs and e2penses inc0rred or generated &" the Genera) Partner 'hich are associated
'ith or attri&0ta&)e to administration of the &0siness of the Partnership*
.&/ (AGREEMENT(9 Sha)) mean this Agreement of Limited Partnership*
.c/ (+ERTIFI+ATE(9 Sha)) mean the +ertificate of Limited Partnership*
.d/ (+OMMEN+EMENT DATE(9 Sha)) mean the date of e2ec0tion of this Agreement*
.e/ (+ONTRI<-TION PER+ENTAGE(9 Sha)) mean the percentage 'hich each Partner=s
respectie +apita) +ontri&0tion &ears to the tota) of a)) +apita) +ontri&0tions*
.f/ (GENERAL PARTNER(9 Sha)) mean !!!!!!!!!!!!!!!!!!!!!!!*
.g/ (LIMITED PARTNER(9 Sha)) mean !!!!!!!!!!!!!!!!!!!!!!!*
.h/ (+APITAL +ONTRI<-TIONS(9 Sha)) mean the initia) contri&0tions of the Limited Partner
'hich sha)) aggregate not )ess than A!!!!!!!!!!!!.do))ars/*
.i/ (PARTNER(9 Sha)) mean &oth the Genera) Partner and the Limited Partner*
.;/ (PARTNERSHIP PROPERTB(9 Sha)) mean a)) propert" o'ned or ac30ired &" the
Partnership*
.5/ (PABO-T(9 Sha)) mean the date as of 'hich the Limited Partner has receied cash distri&0tions
from the Partnership aggregating $,,C .one h0ndred percent/ of his +apita) +ontri&0tions*
.)/ (SHARING PER+ENTAGES(9 Sha)) mean the percentage in 'hich each Partner shares in the
costs# reen0es# and items of income# gain# )oss# ded0ction# and credit arising therefrom and cash
andDor propert" distri&0tions of the Partnership# as more partic0)ar)" set o0t in Artic)es I?# ?II# and
?III of this Agreement*
ARTI+LE III TERM OF THE PARTNERSHIP
6*,$ The Partnership sha)) &e effectie as to the Genera) Partner and the Limited Partner from and
after the date first a&oe sho'n and sha)) contin0e in e2istence 0nti) Decem&er 6$# $%%%# at 'hich
time it sha)) terminate 0n)ess sooner terminated p0rs0ant to an" proisions of this Agreement*
ARTI+LE I? SHARING PER+ENTAGES OF PARTNER
7*,$ TA@ LOSSES PER FORM $,>49
.a/ The Sharing Percentages of the Partners from commencement date 0nti) )osses as per Form $,>4
e30a) the amo0nt of their respectie capita) contri&0tions sha)) &e9
GENERAL PARTNER 1,C
LIMITED PARTNER E,C
.&/ The Sharing Percentages of the Partners from the date the )osses as per Form $,>4 e30a) the
amo0nt of their respectie capita) contri&0tions 0nti) Pa"o0t sha)) &e9
GENERAL PARTNER 4,C
LIMITED PARTNER 4,C
.c/ The Sharing Percentages of the Partners after Pa"o0t sha)) &e9
GENERAL PARTNER 4,C
LIMITED PARTNER 4,C
7*,1 TA@A<LE IN+OME PER FORM $,>4
.a/ Prior to Pa"o0t9
GENERAL PARTNER 7,C
LIMITED PARTNER >,C
.&/ After Pa"o0t9
GENERAL PARTNER >,C
LIMITED PARTNER 7,C
ARTI+LE ? +APITAL +ONTRI<-TIONS OF PARTNERS
4*,$ +APITAL +ONTRI<-TIONS* The +apita) +ontri&0tions of the Partners sha)) aggregate
not )ess than A4$#,,, .fift" one tho0sand do))ars/ sha)) &e made as fo))o's9
.a/ GENERAL PARTNER A !!!!!!!!!!
.&/ LIMITED PARTNER A !!!!!!!!! pa"a&)e 0pon e2ec0tion of this Agreement*
4*,6 ASSESSMENTS AND ADDITIONAL +ONTRI<-TIONS* No assessments of
additiona) contri&0tions sha)) &e re30ired of the Partners*
ARTI+LE ?I +APITAL A++O-NTS
>*,$ +APITAL A++O-NTS* +apita) acco0nts sha)) &e esta&)ished and maintained for each
Partner and sha)) &e ad;0sted as fo))o's9
.a/ The capita) acco0nt of each Partner sha)) &e increased &"9
.$/ The amo0nt of his capita) contri&0tion to the Partnership:
.1/ The amo0nt of net income from operations a))ocated to s0ch Partner p0rs0ant to Artic)e ?II*
.&/ The capita) acco0nt of each Partner sha)) &e decreased &"9
.$/ The amo0nt of )osses from operations a))ocated to s0ch Partner p0rs0ant to Artic)e ?II:
.1/ A)) amo0nts of mone" and the fair mar5et a)0e of propert" paid or distri&0ted to s0ch Partner
p0rs0ant to the terms hereof .other than pa"ments made 'ith respect to )oans made &" s0ch Partner
to Partnership*
>*,1 +AL+-LATION OF +APITAL A++O-NT* E2cept as ma" other'ise &e proided herein#
'heneer it is necessar" to determine the capita) acco0nt of an" partner# the capita) acco0nt of s0ch
Partner sha)) &e determined after giing effect to the a))ocation of the gains# income# )oss# ded0ctions#
contri&0tions and distri&0tions as of the )ast da" of the preceding ca)endar 30arter*
>*,6 FITHDRAFAL OF +APITAL* A Partner sha)) not &e entit)ed to 'ithdra' an" part of his
capita) acco0nt or to receie an" distri&0tion from the Partnership e2cept as herein*
>*,7 INTEREST ON +APITAL A++O-NTS* No interest sha)) &e paid on an" +apita)
+ontri&0tion to the Partnership*
ARTI+LE ?II INTEREST OF PARTNERS IN IN+OME AND LOSS
G*,$ DETERMINATION OF IN+OME AND LOSS* At the end of each Partnership fisca)
"ear# and at s0ch other time as the Genera) Partner sha)) deem necessar" or appropriate# each item of
Partnership income# e2pense# gain# )oss and ded0ction sha)) &e determined for the period then ending
and sha)) &e a))ocated among the Partners in accordance 'ith the app)ica&)e Sharing Percentages as
set forth in Artic)e I?*
G*,1 RE+APT-RE* In the eent that the Partnership recogniHes income# gain or additions to ta2 &"
irt0e of the recapt0re of an" preio0s)" ded0cted or credited item# s0ch recapt0red income or gain
or addition to ta2 sha)) &e a))ocated to s0ch Partner as 'ere a))ocated s0ch item at the time of its
ded0ction*
ARTI+LE ?III INTEREST OF PARTNERS IN +ASH +ONTRI<-TIONS
E*,$ GROSS IN+OME AND NET IN+OME* (Net Income( sha)) mean the tota) gross income
of the Partnership# )ess cash operating e2penses# de&t serice# interest# and princip)e on )oans made
to the Partnership and a)) other cash e2pendit0res of the Partnership* For p0rposes of determining
Net +ash F)o'# (Gross Income( sha)) mean proceeds from an" so0rce 'hatsoeer# &0t e2c)0ding
an" +apita) +ontri&0tions of the Partners*
E*,1 DISTRI<-TION OF +ASH* S0&;ect to the terms of this Agreement# the Genera) Partner
sha)) ma5e distri&0tions of cash o0t of Partnership income# to the e2tent deemed aai)a&)e# in the
fo))o'ing manner9
.a/ +ASH FLOF FROM OPERATIONS* E2cept as proided in Artic)e >a*
.&/ AS PER ARTI+LE I?* +ash distri&0tions sha)) &e distri&0ted in accordance 'ith the
appropriate Sharing Percentages as set forth in Artic)e I? hereof*
.c/ PRO+EEDS A?AILA<LE FROM DISSOL-TION* -pon disso)0tion and termination of
the Partnership# the proceed from the sa)e of a)) or s0&stantia))" a)) of the Partnership Propert" sha))
&e distri&0ted in the fo))o'ing order of priorit"9
.$/ There sha)) &e distri&0ted to the Partnership creditors .other than partners/ f0nds to the e2tent
aai)a&)e# s0fficient to e2ting0ish c0rrent Partnership )ia&i)ities and o&)igations# inc)0ding costs and
e2penses of )i30idation:
.1/ An" )oans o'ed &" the Partnership to the Partners sha)) &e paid: and
.6/ The &a)ance sha)) &e distri&0ted to the Partners in accordance 'ith the proper Sharing Percentage
as set forth in Artic)e 7*,1*
ARTI+LE I@ OFNERSHIP OF PARTNERSHIP PROPERTB
%*,$ OFNERSHIP OF +OPBRIGHTS* The Partnership sha)) o'n for a period of fift" .4,/ "ears
a)) m0sica) compositions 'hich 'ere 'ritten &" !!!!!!!!!!!!!!!!!!!!!!!! or an" other
cop"rights ac30ired &" the Partnership 0nder the term herein*
%*,1 +OPBRIGHT RE?ERSION* The o'nership of cop"rights e2c)0sie of a)) m0sica)
compositions 'ritten &" !!!!!!!!!!!!!!!!!!!!!# or other artist# and not commercia))" re)eased
on a phonorecord d0ring the term of s0ch Agreement sha))# in some cases# a0tomatica))" reert &ac5
to the Song'riter 0pon termination of the Song'riter Agreement and an" e2tensions or rene'a)s
thereof* O'nership in and to an" m0sica) composition 'hich is commercia))" re)eased to the p0&)ic
&" the Partnership sha)) remain Partnership propert" s0&;ect to the terms contained in this Agreement
and the Song'riter Agreement*
%*,6 The Partnership sha)) o'n a)) master tape recordings prod0ced &" the Partnership for promotion
or resa)e*
ARTI+LE @ OPERATION OF PARTNERSHIP
$,*,$ ADMINISTRATI?E AND O?ERHEAD E@PENSES* The Partnership sha)) reim&0rse
the Genera) Partner for Administratie and Oerhead E2penses inc0rred &" him on &eha)f of the
Partnership*
$,*,1 INDEPENDENT SER?I+ES* A)) costs and charges of o0tside professiona) serices# if
an"# 'hich are re)ated to the Partnership &0siness# inc)0ding )ega) fees and an" independent
acco0nting and a0diting fees and fees inc0rred in connection 'ith preparing Partnership federa)
income ta2 ret0rns# sha)) &e performed 0nder the direction of the Genera) Partner and sha)) &e
charged to the Partnership in accordance 'ith genera))" accepted acco0nting proced0res and
practices*
ARTI+LE @I A++O-NTING
$$*,$ ELE+TIONS* The Partnership sha)) e)ect as a fisca) "ear the ca)endar "ear and sha)) e)ect to
&e ta2ed on s0ch method of acco0nting as the Genera) Partner sha)) determine* The Partnership sha))
not e)ect to &e ta2ed other than as a Partnership*
$$*,1 <OOIS* The Partnership sha)) &e 5ept at the Genera) Partners office in
!!.+ITBDSTATE/!!* The Limited Partner sha))# at a)) reasona&)e times d0ring reg0)ar &0siness
ho0rs# hae access to s0ch &oo5s for the p0rpose of inspecting and cop"ing them* The acco0nts sha))
readi)" disc)ose a)) items 'hich each Partner is re30ired to ta5e into acco0nt separate)" for income
ta2 p0rposes* As to the matter of acco0nting not proided for in this Agreement# genera))" accepted
acco0nting princip)es sha)) goern*
$$*,6 <ANI A++O-NTS* The Partnership sha)) maintain separate acco0nts in its name in one or
more &an5s and the cash f0nds of the Partnership sha)) &e 5ept in s0ch acco0nts as determined &" the
Genera) Partner*
ARTI+LE @II RIGHTS AND O<LIGATIONS OF LIMITED PARTNERS
$1*,$ PARTI+IPATION IN MANAGEMENT* The Limited Partner sha)) not hae the right#
po'er# or a0thorit" to participate in the ordinar" and ro0tine management of Partnership affairs or to
&ind the Partnership in an" manner*
$1*,1 LIMITED LIA<ILITB* The Limited Partner sha)) not &e )ia&)e for )osses# de&ts# or
o&)igations of the Partnership in e2cess of his +apita) +ontri&0tion*
$1*,6 RIGHTS TO ENGAGE IN OTHER ?ENT-RES* The Limited Partner .or an" other
officer# director# shareho)der or other person ho)ding a )ega) or &eneficia) interest in an" Limited
Partner/ sha)) not &e prohi&ited from or restricted in engaging in or possession of an interest in an"
other &0siness ent0re of )i5e or simi)ar nat0re*
$1*,7 SPE+IFI+ RIGHTS* The Limited Partner sha)) hae the same rights as the Genera) Partner
to9
.a/ hae the Partnership &oo5s 5ept at the principa) p)ace of &0siness of the Partnership and a forma)
acco0nting of Partnership affairs 'heneer circ0mstances render it ;0stifia&)e and reasona&)e:
.&/ hae on demand tr0e and f0)) information of a)) things affecting the Partnership and a forma)
acco0nting of Partnership affairs 'heneer circ0mstances render it ;0stifia&)e and reasona&)e*
$1*,4 LIMITS OF TRANSFERA<ILITB* The interest of the Limited Partner ma" not &e
transferred 'itho0t the e2press 'ritten approa) of the Genera) Partner*
ARTI+LE @III POFERS# D-TIES AND LIMITATIONS OF GENERAL PARTNER
$6*,$ MANAGEMENT OF THE PARTNERSHIP* The Genera) Partner sha)) hae f0))#
e2c)0sie and comp)ete discretion in the management and contro) of the Partnership* The Genera)
Partner agrees to manage and contro) the affairs of the Partnership to the &est of his a&i)it" and to
cond0ct the operations contemp)ated 0nder this Agreement in a caref0) and pr0dent manner and in
accordance 'ith good ind0str" practice* The Genera) Partner sha)) on)" &e re30ired to deote s0ch
part of his time as is reasona&)" needed to manage the &0siness of the Partnership# it &eing
0nderstood that the Genera) Partner sha)) not &e re30ired to deote his time e2c)0sie)" to the
Partnership*
$6*,1 +OMPENSATION TO THE GENERAL PARTNER* The Genera) Partner sha)) receie
0p to !!!!!.Amo0ntDOptiona)/!!!!! do))ars per month as an adance against his share in cash
dis&0rsements of the partnership* An" portion of s0ch cash adances to the Genera) Partner from the
Partnership sha)) &e ded0cted from the Genera) Partner=s share in cash dis&0rsements*
$6*,6 ADMISSION OF LIMITED PARTNERS* No additiona) Limited Partners sha)) &e
admitted to the Partnership 'itho0t the consent of the Limited Partner*
$6*,7 SPE+IFI+ LIMITATIONS* The Genera) Partner sha)) not# e2cept as herein proided#
'itho0t 'ritten consent of the Limited Partner9
.a/ Do an" act in contraention of this Agreement:
.&/ Do an" act 'hich 'o0)d ma5e it impossi&)e to carr" on the ordinar" &0siness of the Partnership:
.c/ +onfess a ;0dgement against the Partnership:
.d/ Possess Partnership propert"# or assign its specific rights in specific Partnership propert"# for
other than a Partnership p0rpose:
.e/ Admit a person as a Genera) or Limited Partner*
$6*,4 SPE+IFI+ POFERS* The Genera) Partner sha)) hae the fo))o'ing po'er and d0ties9
.a/ Fith the approa) of the Limited Partner# to ca0se the disso)0tion and 'inding 0p of the
Partnership:
.&/ To co))ect a)) monies d0e the Partnership:
.c/ To esta&)ish# maintain# and s0perise the deposits and 'ithdra'a)s of f0nds into &an5 acco0nts of
the Partnership:
.d/ To emp)o" acco0ntants or prepare re30ired ta2 ret0rns* The fee for preparation of s0ch ta2
ret0rns sha)) &e an e2penses of the Partnership*
.e/ To emp)o" attorne"s for Partnership p0rposes* An" s0ch attorne"=s fees and e2penses incident
thereto sha)) &e an e2pense of the Partnership*
$6*,> AMENDMENTS* Amendments to this Agreement ma" &e proposed &" the Genera) Partner
or &" the Limited Partner*
$6*,G LIMITATION ON D-TB* Not'ithstanding an"thing to the contrar" contained in this
Artic)e or e)se'here in this Agreement# the Genera) Partner sha)) hae no d0t" to ta5e affirmatie
action 'ith respect to management of the Partnership &0siness or propert" 'hich might re30ire the
e2pendit0re of monies &" the Partnership or the Genera) Partner 0n)ess the Partnership is then
possessed of s0ch monies aai)a&)e for the proposed e2pendit0re* -nder no circ0mstances sha)) the
Genera) Partner &e re30ired to e2pend persona) f0nds in connection 'ith the Partnership &0siness*
$6*,E PRES-MPTION OF POFER* The e2ec0tion &" the Genera) Partner of the contracts or
agreements re)ating to Partnership &0siness sha)) &e s0fficient to &ind the Partnership* No person
dea)ing 'ith the Genera) Partner sha)) &e re30ired to determine his a0thorit" to ma5e or e2ec0te an"
0nderta5ing on &eha)f of the Partnership# nor determine an" fact or circ0mstances &earing 0pon the
e2istence of his a0thorit" nor to see the app)ication or distri&0tion of reen0e or proceeds deried
therefrom# 0n)ess and 0nti) s0ch persons hae receied 'ritten noticed to the contrar"*
$6*,% O<LIGATIONS NOT E@+L-SI?E* The Genera) Partner sha)) deote s0ch time as is
reasona&)" necessar" to manage the Partnership=s &0siness# it &eing 0nderstood that the Genera)
Partner ma" engage in other emp)o"ment and other transactions for his o'n acco0nt and for the
acco0nt of others* Genera) Partner sha)) not engage in an" emp)o"ment or transactions that 'o0)d &e
in direct conf)ict of interest to the Partnership*
$6*$, INDEMNIFI+ATION OF GENERAL PARTNER* The Genera) Partner sha)) &e
indemnified and he)d harm)ess &" the Partnership from and against an" and a)) c)aims of an" nat0re#
'hatsoeer# arising o0t of or incidenta) to the Genera) Partner=s management of Partnership affairs:
proided# ho'eer# that the Genera) Partner sha)) not &e entit)ed to indemnification here0nder for
)ia&i)it" arising o0t of gross neg)igence or 'i))f0) miscond0ct of the Genera) Partner or the &reach &"
the Genera) Partner of an" proisions of this Agreement*
$6*$$ LIMITATION OF TRANSFERA<ILITB* The interest of the Genera) Partner ma" not &e
transferred 'itho0t 'ritten approa) from the Limited Partner*
ARTI+LE @I? DISSOL-TION# TERMINATION AND LIJ-IDATION
$7*,$ DISSOL-TION* -n)ess proisions of Section $7*,$ are e)ected# the Partnership sha)) &e
disso)ed and it=s &0siness sha)) &e 'o0nd 0p on the ear)iest to occ0r9
.a/ Decem&er 6$# $%%%
.&/ The death# resignation# inso)enc"# &an5r0ptc" or other )ega) incapacit" of the Genera) Partner or
an" other eent 'hich 'o0)d )ega))" dis30a)if" the Genera) Partner from acting here0nder: or
.c/ The occ0rrence of an" other eent 'hich# &" )a'# 'o0)d re30ire the Partnership to &e disso)ed*
$7*,1 +ONTIN-ATION OF +OPBRIGHT OFNERSHIP* The disso)0tion of the Partnership
sha)) not effect the rights in and to the cop"rights o'ned &" the Partnership*
$7*,6 O<LIGATIONS ON DISSOL-TION* The disso)0tion of the Partnership sha)) not re)ease
an" of the parties hereto from their contract0a) o&)igations 0nder this Agreement*
$7*,7 LIJ-IDATION PRO+ED-RE* A reasona&)e time sha)) &e a))o'ed for the order)"
)i30idation of the assets of the Partnership and the discharge of )ia&i)ities to creditors so as to ena&)e
the Partnership to minimiHe the )osses norma))" attendant to a )i30idation*
.a/ -pon disso)0tion of the Partnership for an" reason# the Partners sha)) contin0e to receie cash
distri&0tion# and proided in Artic)e @III# s0&;ect to the other proisions of this Agreement and to the
proisions of s0&section .&/ hereof and sha)) share income and )osses for a)) ta2 and other p0rposes
d0ring the period of )i30idation*
.&/ The Genera) Partner# as )i30idator# sha)) proceed to )i30idate the Partnership Properties to the
e2tent that it has not a)read" &een red0ced to cash 0n)ess the Genera) Partner e)ects to ma5e
distri&0tions in 5ind to the e2tent and in the manner herein proided and s0ch case# in an"# and
propert" in 5ind# sha)) &e app)ied and distri&0ted in accordance 'ith Section E*,1 .&/*
$7*,4 DEATH OR INSANITB OF THE LIMITED PARTNER* The death or insanit" of a
Limited Partner sha)) hae no effect on the )ife of the Partnership and the Partnership sha)) not &e
disso)ed there&"*
ARTI+LE @? MIS+ELLANEO-S
$4*,$ NOTI+ES* Notices or instr0ments of an" 5ind 'hich ma" &e or are re30ired to &e gien
here0nder &" an" Partner to another sha)) &e in 'riting and deposited in the -nited States Mai)#
certified or registered# postage prepaid# addressed to the respectie Partner at the address appearing
in the records of the Partnership* The Partners ma" change their address &" giing notice in 'riting#
stating their ne' address# to the other Partner*
$4*,1 LOAN TO THE PARTNERSHIP* If the Limited Partner sha))# in addition to his +apita)
+ontri&0tion to the Partnership# )end an" monies to the Partnership# the amo0nt of an" s0ch )oan sha))
not increase his capita) acco0nt nor sha)) it entit)e him to an" increases in his share of the distri&0tion
of the Partnership# &0t the amo0nt of an" s0ch )oan sha)) &e an o&)igation on the part of the
Partnership to s0ch Partner and sha)) &e repaid to him on the terms and at the interest rate eidenced
&" a promissor" note e2ec0ted &" the Genera) Partner# e2cept that the Genera) Partner sha)) not &e
persona))" o&)igated to repa" the )oan# 'hich sha)) &e pa"a&)e and co))ecta&)e on)" o0t of the assets
of the Partnership*
$4*,6 <" the e2ec0tion of this Agreement# the Limited Partner does irreoca&)" constit0te and
appoint the Genera) Partner his tr0e and )a'f0) attorne"KinKfact and agent to effect0ate and to act in
his name# p)ace# and stead# in effect0ating the p0rposes of the Partnership inc)0ding the e2ec0tion#
erification# ac5no')edgement# de)ier"# fi)ing and recording of this Agreement as 'e)) as a))
a0thoriHed amendments thereto# a)) ass0med name certificates# doc0ments# &i))s of sa)e# and a)) other
doc0ments 'hich ma" &e re30ired to effect the contin0ation of the Partnership and 'hich the Genera)
Partner deems necessar" or reasona&)" appropriate* The po'er of attorne" granted herein sha)) &e
deemed to &e co0p)ed 'ith an interest# sha)) &e irreoca&)e and s0rie the death# incompetence# or
)ega) disa&i)it" of a Limited Partner*
$4*,7 !!!.STATE/!!!! LAFS GO?ERN* This Agreement sha)) &e constr0ed in accordance
'ith the )a's of the State of !!!!!!!! *
$4*,4 +O-NTERPARTS* This Agreement ma" &e e2ec0ted in m0)tip)e co0nterparts# each of
'hich sha)) &e an origina) &0t a)) of 'hich sha)) constit0te an instr0ment*
$4*,> <INDING EFFE+T* This Agreement sha)) &e &inding 0pon and sha)) in0re to the &enefit of
the Partners and their spo0ses# as 'e)) as their respectie heirs# )ega) representaties# s0ccessors and
assigns*
$4*,G PARAGRAPH TITLES* Paragraph tit)es are for descriptie p0rposes on)" and sha)) not
contro) or a)ter the meaning of this Agreement as set forth in the te2t*
E@E+-TED as of the date herein first a&oe stated*
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LIMITED PARTNER
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GENERAL PARTNER