Terms of the Partnership

Table Of Contents

Formation of the Partnership
 Name
Definitions
Business of the Partnership
Names and Addresses of the Partners
Term
Business Office
Capital Contributions
Distributions
Allocations of Profits and Losses for Tax Purposes
Book of Accounts, Records, and Reports
Fiscal Year
Partnership Funds
Transfer of Partnership Interests and Voting
Management and Administration of Business
Dissolution of the Partnership
Winding Up, Termination, and Liquidating Distributions
Notices
Miscellaneous
 Formation of Partnership
The Partners hereby form a partnership (the “Partnership”) pursuant to the Texas Statues, Business Organization Code for General Partnerships. The rights and duties of the Partners shall be as provided in the Act except as modified by this Agreement.