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| Fund & Expense Limitations |
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The undersigned consisting of the majority of the general and limited partners of _______________, a limited partnership agree: That the general partners of _______________ shall maintain a reserve account with a minimum balance of $______(_______________& ___/100 dollars) from initial capital which shall be placed in a separate, interest bearing account. That the general partners, once the partnership begins operations shall establish a reserve account, which shall be deposited in a separate, interest bearing account. All profits from operations shall be deposited in this account until it reaches the sum of $____(_________________&___/100 dollars). The reserves shall accumulate and may only be invaded by the general partner upon the following occurrences: ________________________________________________________________ and may only be used for the following purposes: ________________________________________________________________ Dated: ____________________________ _______________ ________________ General Partner General Partner (if more than one; all must sign) Limited Partners shall sign the attached Exhibit One or duplicate originals of the same. Exhibit One: Names & Addresses of Limited Partners and their signatures ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number ____________________ ______________________ ___________________ Limited Partner Signature Printed Name and Address Social Security Number Note: Include as many more lines as there are Limited Partners. |
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