Limited Partnership Fund & Expense Limitation Form

Use this form for an Agreement of Fund and Expense Limitation in a Limited Partnership Company.

Limited Partnership Fund & Expense Limitation Form

Text Version of the Form

Limited Partnership (Fund & Expense Limitations)

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:
________________________________________________________________
________________________________________________________________

and may only be used for the following purposes:
________________________________________________________________
________________________________________________________________

Dated: ____________________________

_____________________ _____________________
General Partner General Partner

Limited Partners shall sign the attached Exhibit One or duplicate originals of the same.

Exhibit One
Names & Addresses of Limited Partners and their signatures

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

_________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number

___________________ ___________________ ___________________
Signature Name & Address Social Security Number