HomeMy WebLinkAbout0903 5. ~g~nt shell noL •nti~r into~ any leaae. sale,
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or other arr~ng~at affecting th~ propsrty without th•
r+ritten cons~nt o! at l~aat ~70'~ io iat~r~st o! Lh~ Inv~stora.~(
a) I! Lh• aons~nt~o! In~~stiors holding at
le~+at 70~ int~r~s~ hsr~in ha~s D~~n obtain~d tb~ •gent or
~ his deaig~nse (her~in called "purchaasr") shall ha~~ Lhs
~ riRht to,purchese th~ interest of ~u~ In~sstor rho haa not
gi~en •uob oonsent vithin tsn ~10) da~• aft~r th~ ~ailing
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z by ths Ag~nt of • vritt~n r~qu~aL th~r~lor, bT certifi~d or
; regular mail. The aailing b~ th~ pnrohaa~r b~ c~rtifi~d or
registered aail, of a o~rtiified ch~ok !or th~ purah~a•
pric~ h~reinatter sst torth, at ~p tis~ vithin ain~t~ (90)
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" daya after auch t~n (10) Qa~ p~riod, dirsat~d to suah aon-
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conasnting Investor at his last known address, shall aff~at
the sele and trsnsfsr to th~ purahaser ot ths inter~st o!
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auch Inv~stor herein. 1'!M Agent i• hsreb7 irre~ocabl~ ~p-
pointed attorn~~-in-fact for auah In~~stor to szecut• an~
papers and to take an~ other action aeae~aar7 to •oidenc•
such a ale and tranefer. Ths purohassr shall thsn 4acspt
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i tMe trsnsfsr in writing, and ahall thsreupon bs a msab~r of
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ths ~oint v~nture with the sams rights And obligations aa
such In~~ator. The s4id purchaa• pric• ahall be th~ amount
of the capital aontribution of auoh In~~stor as aet forth
b~lov opPoait• ~1~ sigaatur~, plui anT additional capltal
concributian ~ad~, ~~s• ~tty r~pay~ent thsreon to th~ date
- o C. t he ra~ il ing of th~ ptitrohy p rle
6. ,gent a hel l not b~ pe rs ot~ 11 ~ 1 i eble f or e~~
act psrforoed in good laith, nor tor an~thing ~a~e willful
~ ~iaaonduct. An~ totion taksn b~ Ag~nt, subjsat to~ths teraa
of this ~gree~t, ahall bind th~ ~oint •~nturs. In~~ators
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BOOK~~~ t7V~
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