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15.10 Partners Not Liable to Other Partners: Except for
the required Capital Contributions under Artic a VI hereof, no
Partner shall be liable to any other Partner or the Partnership
by reason of his actions or omission to act in connection
with the Partnership, except for actual fraud, bad faith or
gross negligence.
15.11 Partners Not Agents: Except as provided herein,
nothing herein contained shall be construed to constitute
any Partner hereof the agent of any other Partner hereof or
to limit in any manner the Partners in the carrying on of
their own respective businesses or activities. Any Partner
may engage in and/or possess any interest other business
ventures of every nature and description, independently or
with others, whether existing as of the date hereof or
hereafter coming into existence; and neither the Partnership
nor any Partner hereof shall have any rights in or to any
such independent ventures or the income or profits derived
~ therefrom.
15.12 Acknowledgements by the Limited Partners: Each
Limited Partner hereby represents and warrants to the Partner-
{ ship and the General Partners that:
! (A) In connection with his purchase of a Partner-
ship Interest (i) he has been fully informed as to the
circumstances under which he is required to take and hold
his Partnership Interest pursuant to the requirements of the
Security Act of 1933 (the "Act") and the applicable state's
securities or "Blue Sky" law or laws; (ii) he has been
informed by the General Partners that his Partnership Interest
is not registered under the Act and may not be transferred,
assigned or otherwise disposed of unless his Partnership
Interest is subsequently registered under the Act or an
exemption from such registration is available; and (iii)
he understands that (1) the Partnership and the General
Partners are under no obligation to register his Partnership
Interest under the Act or to comply with any applicable
exemption under the Act and the applicable exemption or
exemptions under the applicable state's securities or "Blue
Sky" law or-laws with respect to his Partnership Interest
and (2) the Partnership will not be required to supply him
with any information necessary to enable him to make a
casual sale of his Partnership Interest pursuant to Rule 144
under the Act (assuming such Rule is applicable and is
otherwise available to him with respect to his Partnership
Interest) and
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' an~K PacE 556