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
Term

The term of each Partnership (a.k.a. Group) shall be spelled out separately in the Subscription Document for each Runner from the date of inception the Partnership, or until dissolved by an act or event specified in this Agreement or by law as one effecting dissolution.

The term of a Partnership Group may be extended based upon the decision of the Managing Partner and Senior Partners (if there are any).

The specific term of each Partnership will be provided in a separate Appendix to each person who becomes "vested" in a specific Group.