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Capital Management
 
 
 
 
 


 

Page 4


Intellectual Capital Management

Partner and approved by the Advisory Committee, extended for up to two successive one year terms, unless the Partnership is dissolved earlier.


SECTION 5. FISCAL YEAR


The fiscal year of the Partnership for financial reporting and tax purposes shall be the calendar year.


SECTION 6. REGISTERED OFFICE AND AGENT FOR SERVICE OF PROCESS


is hereby designated as the registered office of the Partnership and as the agent upon whom process issued by authority of or under any law of the State of Delaware may be served.


SECTION 7. CAPITAL CONTRIBUTIONS AND ACCOUNTS


7.1 General Partner's Capital Contribution. The Commitment of the General Partner in respect of its general partner interest shall be not less than 2% of the Total Commitments (which amount is referred to herein as the General Partner's Required Capital). The Total Commitments shall not exceed $75 million. The General Partner shall contribute its Unfunded Commitment as and when the Partnership receives the Capital Contributions from the Limited Partners, with the contribution by the General Partner to be in the same proportion as its Required Capital bears to the total Required Capital of all Partners.


7.2 Capital Contributions of Limited Partners.

(a) Each Limited Partner must deliver to the Partnership a completed, executed Subscription Agreement which must be satisfactory to the Partnership. Each Limited Partner shall make aggregate cash contributions to the capital of the Partnership no greater than the Unfunded Commitments of such Limited Partner. Each Limited Partner shall pay its Unfunded Commitments in cash to the




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