Simple Limited Partnership Agreement

Notwithstanding the above or below provisions, any general partner may act alone for and in the name of the partnership, without the need for the signature of the two partners, including, but not only, the exercise of the power of attorney, the general partners in accordance with the legislation. 9.7 of this agreement. The entire activity of the partnership, including, but not limited, to decisions on all tax choices and the vote on shares held by the partnership, is subject to the exclusive administration of the general partners. Limited partners are not involved in the management or operation of the partnership. The partnership agreement generally defines the terms of the partnership and the operation of the incentive. A partnership is not a separate legal entity from its owners. Unless it is provided by this ARTICLE 11, no partner may transfer or transfer an interest to the partnership by sale, assignment, gift or otherwise, without the unanimous written agreement of all other partners. Any sale, assignment, gift or transfer or demented transfer, transfer, gift or transfer of partnership interest, unless expressly provided for and authorized by this ARTICLE 11. Whatever the above or below, and should not be limited to a member or member of a group of people, including their children, grandsons and stepsons, during the transfer of limited partnership interests that they have from time to time or in part or acquire from time to time. These transfers by these provisions are not subject to the provisions of paragraph 11 of this agreement.

and may make such transfers without the consent of other partners and without the rights of other partners to acquire such transferred shares. b) The executor or administrator of the estate of a deceased partner or donor has the right to demand payment of such a debt title from any purchaser by granting a security interest to the social interest transferred in accordance with this ARTICLE 11. Any acquiring partner agrees to execute and pass on to the executor or administrator of the estate of a deceased partner or donor the security agreements, trust files, funding declarations and other documents necessary to develop such a security interest. The power of attorney given by each limited partner is a special power of attorney that is (1) irrevocable, (2) is coupled with an interest, (3) occurs upon the death of the limited partner, (4) is not concerned with the disability or subsequent incompetence of the limited partner, (5) the dissolution or termination of a limited partner that is a company, survivor, general or commercial partnership, Joint Venture Trust , the estate or any other unit or association and (6) survives the sale, exchange or other transfer of all or other shares of the commander by a sponsor by a sponsor, provided that the assignee has been authorized by and as a general partner to be admitted to the sponsorship partnership, and (6), the sale, exchange or other sale of all or other shares of the sponsorship by a commanding partner is in the process of realization. whether the assignee has been approved by and as a general partner for sponsorship admission, and has escaped and constitutes a similar power of such a transferee as a sponsorship. See also: Model of General Partnership Agreement This partnership agreement can be amended by a written agreement executed by the General Partners and all limited partners. (f) this assignee pays or agrees, when the compensation system is chosen, to pay all reasonable costs associated with this authorization, including, but not only, the costs of preparing, presenting and publishing an amendment to the limited partnership`s certificate in order to obtain this approval.

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