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.. f <br />z~ax~~90 ~~~~3~ <br />quality under lease to a major producer under a lease of more <br />than twenty-five acTes• If the Partnership cannot agree as to <br />the highest price it shall be determined by arbitration. <br />5. (a) Action by the Partnership shall be by <br />affirmative vote of the General Partner as provided in its <br />corporate by-laws and minutes. <br />(b) The General Partner shall have the right <br />to designate various individuals, whether General Partners or <br />other persons, to act in behalf of the Partnership and to <br />carry out the purposes and business of the Partnership including <br />the right to designate an Executive Committee to handle the <br />daily operations of the Partnership. <br />6. The principal place of business of the <br />Partnership shall be at 8400 Holly Street, Henderson, Colorado <br />60640, or such other location as the General Partner shall <br />determine. <br />7. The Partnership shall commence on the 15th <br />day of April 1975, and continue for a period of thirty <br />(30) years unless terminated at an earlier date as hereinafter <br />provided. <br />The death of a Limited Partner shall not terminate <br />the Partnership. <br />If the present shareholders of the General Partner <br />do not have the majority interest of Albert Frei $ Sons Inc. <br />except any change by inheritance, then at the election of any one <br />Partner the Partnership can be terminated and the same payments <br />shall be made as in the event of dissolution. 'insolvency of <br />the General Partner terminates the Partnership. <br />-3- <br />