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indicate the name and adciress of each Partner and the number of
Partnership Interests held by him for the purpose of
determining recipients of cash distributions and notices. Such
books of account, together with a certified copy of the
Certificate of Ginited Partnership and any amendments thereto
anci all documents relating to the ownership and cond'rtion of
title of Partnership Properties, shall, at all times, be
maintained at the principal office of the Partnership; and each
Partner, and his duly authorized representative, shall have
access to them and the rignt ~o inspect anci copy them at all
reasonable times. Each Limited Partner shall have the right to
reguest anci receive.from the Managing General Partner a list of
the names and adciresses of, and the number of Limited
Partnership Interests held by, each of the Limited Partner.
(c) Reports. As soon as practicabie after the close
of each fiscal year, and in timely fashion to meet Fairfield's
need for a~dited financia2 statements as required•by rules of
the Securities a~d Exchange Commission, the hianaging General
Partner shall deliver to each Partner- an annual audited
financial report of_the Partnership for such fiscal year,
including a balance sheet and a profit and loss staterr~ent. In
addition, there shall be provided a statement showing
distributions and allocations to tne Partners' or Partnership's
taxable income, gains, losses, deciuctions and credits, and such
other information as is reasonably available to the Partnership
wnich nay be necessary to determine the amount of taxadie
income or loss to be included by each Partner in his Federal,
state and l.ocal inco~ne tax returns for such year. The
financial statements shall be audited in accordance with
generally'acceptea auditing procedures by the Partnership's
Independent Certified Accountants. Such annual statement shall
also be provided to any person who was a Partner at any time
durinc~ the y~ar c~vereci t~y su~h annual srarement. The N!anaging
General Partner shall also furnish quarterly unaudited
statements in a timely fashion and on a standard adequate to
permit FairField to fulfill its financial ciisclosure
requirements as a public company.
The Managing General Partner shall cause the Partnership's
Independent Certified Accountants to prepare or review its
Federal, state and local tax returns of the Partnership for
each fiscal year, shall timely file sucn returns, and shall
deliver to each Partner a c:opy of such ret~rn promptly after it
becones available.
(d) Accounting Decisions. All decisions as to
accountiny matters, except as specifically provided to the
contrary herein, shall be made by the Managing General Partr_•r
in conjunction with Fairfield's accountants in accordance with
generally accepted accounting principles applied in a
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