Laserfiche WebLink
ATTACHMENT A <br /> 1. Capitalized terms used but not defined herein shall have the respective meanings <br /> attributed thereto in the Partnership Agreement. <br /> 2. As per the Option Agreement, the parties to this Amendment hereby mutually <br /> agree that the purchase price for the Interest shall be Two Hundred Twenty -Five Thousand <br /> Dollars ($225,000) (the "Purchase Price The Purchase Price shall be payable by Assignee to <br /> the Assignor in full in liquid, readily available United States Treasury funds on the Effective <br /> Date. Following the complete execution and delivery of this Amendment and upon receipt by <br /> the Investor Limited Partner of the payment in full of the Purchase Price, the closing of the <br /> purchase and assignment and assumption of the Interest shall be effective (such date hereinafter <br /> is referred to as the "Effective Date however, failure by the Assignee to make payment of the <br /> Purchase Price shall constitute a default under this Amendment in which event, and as <br /> Assignor's sole and exclusive remedy under this Amendment in respect of such default, this <br /> Amendment shall be void and of no further force or effect. <br /> 3. Effective as of the Effective Date, the Assignor hereby assigns to the Assignee <br /> and the Assignee hereby accepts from the Assignor, all of the Assignor's right, title and interest <br /> in and to the Interest, consisting of the Assignor's right to allocations of profits, gain, income and <br /> losses and tax credits and all items entering into the computation thereof, inclusive of the capital <br /> account of the Assignor, and to distributions of cash, however denominated, under the <br /> Partnership Agreement. <br /> 4. In further consideration of the assignment effected hereby, the Assignee hereby <br /> assumes and agrees to discharge all of the Obligations for the period from and after the Effective <br /> Date. <br /> 5. Effective as of the Effective Date, (i) the Partnership and the General Partner <br /> hereby acknowledge the assignment of the Interest and the assumption by the Assignee of the <br /> Obligations pursuant to this Amendment, (ii) the General Partner agrees to admit the Assignee <br /> for all purposes as a substituted Limited Partner and (iii) the parties hereby expressly waive any <br /> noncompliance with the provisions of the Partnership Agreement, including, without limitation, <br /> Sections 10.3.1 and 10.5 thereof, in connection with the assignment effected hereby. <br /> 6. By its execution hereof, the Assignee hereby agrees to become a Limited Partner <br /> of the Partnership and agrees to be bound and, upon the Effective Date, is bound (to the same <br /> extent as the Assignor was bound) by the provisions of the Partnership Agreement as they relate <br /> to the Assignor or the Interest for all matters accruing from and after the Effective Date. <br /> (i) The Assignor represents, warrants and covenants to the Assignee and the <br /> Partnership that (i) the Assignor is the sole owner of the Interest, free and clear of all <br /> undisclosed liens, encumbrances, security interests or claims of third parties of any kind <br /> or description, (ii) the Assignor is free to effect the assignment of the Interest as provided <br /> herein and such assignment does not violate any law or constitute a default under any <br /> agreement to which the Assignor or the Partnership is a party or by which the Assignor or <br /> the Partnership is bound, (iii) this Amendment is sufficient in all respects to assign to the <br /> Assignee the Interest, and (iv) the Assignor will take no action inconsistent with or in <br /> derogation of the Assignment of the Interest effected hereunder. <br /> k <br /> 8895603_v1 2 <br />