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to the Partnership and interest shal begin on this obligation at <br />the rate of eighteen percent (180) p r annum, five (5) days after <br />the deficiency has been determined. <br />10. Remedies Available to <br />Required Additional Contributions. <br />Should any of the Partners fail to pay his proportionate <br />share of additional capital contributions required under this <br />Agreement, the non - defaulting Partners shall have the option to <br />select any of the following remedies: <br />(a) If the defaulting artner has not made his <br />contribution within thirty (30) days a ter receiving written notice <br />of his default, the non - defaulting Par ners may offer said interest <br />in the Partnership for sale to a thi party; <br />(b) The non - defaulting Partner(s) shall have the right to <br />purchase the interest of the defaulting Partner in the ratio that <br />the ownership interest of each bears to-the total interest of the <br />non - defaulting Partners, at either p blic or private sale at the <br />market price then obtainable. <br />(c) The non - defaulting Parti <br />advance monies owed by the defaulting <br />shall be entitled to interest on the a <br />Eighteen Percent (18 %) per annum. F <br />the Partner is in default, said defa <br />right to vote in the management of sa <br />the sale of the property and said defa <br />all documents necessary to carry ou- <br />property of the Partnership, durin <br />defaulting Partner refuse to s <br />non - defaulting Partners shall have th <br />designate an agent to sign on behalf <br />is provided for in the Colorado RuleE <br />(d) The non - defaulting Pal <br />pay the capital contribution of th <br />payments shall be considered additio <br />Furthermore, during the fiscal year <br />all gains or losses of the Partnersh <br />been credited or charged to the <br />credited or charged to the non - defaul <br />their payments of the capital con <br />Partner. <br />ers may elect to continue and <br />Partner, in which event they <br />Count advanced at the rate of <br />rther, during the time that <br />.lting Partner shall have no <br />Ld Partnership or to vote on <br />tlting Partner agrees to sign <br />the management or sale of <br />this time. Should said <br />_gn said documents, the <br />right to request a court to <br />if the defaulting Partner as <br />of Civil Procedure. <br />iers shall have the right to <br />defaulting Partner. Such <br />1 contributions to capital. <br />i which such default occurs <br />which would otherwise have <br />faulting Partner shall be <br />ng Partners in proportion to <br />ibution of the defaulting <br />In the event of default, the def ulting Partner agrees to pay <br />reasonable attorney's fees and court c sts incurred because of said <br />default. <br />F: \GHO \ECKHARDT\PA RTNIiRS.AGT 4 <br />