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1191111 111111111111 fill 11111111111111111111111111111111 575070 02/14/2ftg 10:40A 8963 P126 AGR 2 of 7 R 36-10 0 0.00 N 0.00 Logan County CO 7, Interest. No interest shall he paid by the P:u-,jjersijjp ot) capital contributions or on balances in Partners' Capital Accounts. Loran frOM Partners. The Partners, may make loans to the Partnership. HoNve%,er, if a Partner shall advance funds to the Partnership, the making of such an advance shall not result in any increase in the amount of the capital account of such Partner. Nn advance shall be a debt of the Partnership and shall be pay-able or collectible only out of the Partnership assets in accordance with the terms and conditions upon which Che advances are made. 9, Accounting. (a) .Books and Records op ceouIll. Mark, at the expense of the Partnership, shall maintain for the P=CrshiP Complete and accurate books of account on a basis consistent with appropriate Provisions ofthe Code, utitizing, a method of accounting selected by Mark. (b) Tax Retums and Informarton. At the exT)=se Of the Partnership, NI ark- shall prepare or cause to be prepared all federal, state and local income and other tax returns that the Partnership is required to file, calendar year. (c) Fiscal Year. The Partnership's fiscal year shall end on December 31 of each 10, -4110calions and Distributions 40 .4 flocation ofInconte an d L oss. The income and gains of the Partnership shall be allocated by the Partners in accordance with their respective cash distributions. Lasses, deductions and credits shall be allocated annually first to Mark until his capital account is reduced to zero and then to Melvin and Margaret, (19 Giaranteed Po7nent to Afark. To the extent available from the Partnership's operations, the Partnership shall ray `lark 2 guaranteed payment under Section 707 (if the Code, the amount of which will be determined from time to time by the Partners, (c) Cash Distributions, Commencing no later than the end of the partnerships first fiscal vear, Mark shall, at least annually, balance the Partnership's accounts and distribute to each of the Partners, in accordance with the proportion a Partner's capital account bears to the total capital Of the Partnership, the amount by which cash on hand exceeds the amount necessary to meet the current costs, expenses, and liabilities of the Partnership tiicluding, without limitafion, a reasonably adequate reserve for working capital and contingencies) and a reserve for future mortgage payments and taxes 11. Nominees The Partners May hold in One Or more of their individual names legal, record title to partnership pro cc. perty as nomin ' for the benefit of the Partnership. 2