The undersigned consisting of the majority of the general and limited partners of _______________, a limited partnership agree:
That the general partners of _______________ shall maintain a reserve account with a minimum balance of $______(_______________& ___/100 dollars) from initial capital which shall be placed in a separate, interest bearing account.
That the general partners, once the partnership begins operations shall establish a reserve account, which shall be deposited in a separate, interest bearing account. All profits from operations shall be deposited in this account until it reaches the sum of $____(_________________&___/100 dollars).
The reserves shall accumulate and may only be invaded by the general partner upon the following occurrences:
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and may only be used for the following purposes:
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Dated: ____________________________
_______________ ________________
General Partner General Partner (if more than one; all must sign)
Limited Partners shall sign the attached Exhibit One or duplicate originals of the same.
Exhibit One: Names & Addresses of Limited Partners and their signatures
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
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Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
____________________ ______________________ ___________________
Limited Partner Signature Printed Name and Address Social Security Number
Note: Include as many more lines as there are Limited Partners.
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