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riplt to the assionee to receive that assionor's distrib~table in-
te~est, provided further, that tha assignee accepts and agrezs in
c~riti:~j to all the terms and conditions contained in the Limited
: artnership A~reer~ent. _
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iha holders of the majority of the percentagewise o~ ir.~erest ~
irt the profits and losses of the partnership are hereby given t:~e
rignt to adrnit additional partners, limited or gen~ral, in the future,
but in no manner other than on a cash contribution to the partnership,
and under the same terms and conditions as is herein e~:pressed.
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It is agreed and undersCood between all the partners, geaeral
or li~ited, that none of the limite~ partners are entitled to any . `
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priority over another limited partner as to conCribution or as to
compensation by caay o~ incone, and no limited partner shall receive :
out oi the partnership pioperty any part o€ his contribution until 3
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all liabilities o~ the general partner and limited partners on account
o= tneir contribution have been paid, and only if tne renaining prop-
erty of the partnership is su~ficient to pay the~.
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f In the event of the death, retirenent or adjudication of bank-
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; ruptcy, insanity or incoa~petency o~ the general partner, the limited
s pa-rtners by tne af~irmative vote o~ the holders of the majority per-
4
~ centaoe of the interest i;~ the profit and losses o z the paitnership
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~ may elect oae or more liciited p.artners to becone a general partner
F or if a gzneral partner is not ~Zec~ed caithin sixty (60) ~ays, then
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~ t:~is partnership shall terminate.
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:3 lir.iited part:~er sh211 de~~nd or receive any property ot~~er
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- ~han c2sn in return for his contribution.
- I:~ :•7lla~~:SS ~.':=~.R::Oi the nar~ners have hereunto set t?.e~r ~a~:~s
=K and seals this Z d day o~ , 197~'.
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~ _ 3 _ 800x ~1V PAGf ~
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