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V-3857-J 9/9/80 8Q-p 004997 (b) To enter into an agreement to sail the Pur- chase Contract to Grand Island Mall, Ltd. ("Grand"), a Nebraska limited partnership to be formed, and thereafter to sell the Purchase Contract to Grand pursuant to the terms and conditions of such agreement; and (c) To take such other and further action as may be required to fully consummate the transactions referred to in paragraphs (a) and (b} and to collect all sums due to the Partnership as the result of such transactions. 3. Term - The term of the Partnership shall com- menee upon the date of *_he execution and delivery of this Partnership Agreement by the parties hereto and shall con- time, unless sooner terminated as hereinafter provided, until the earlier of: (a) The date on which the Partnership has col- lected all sums due to it from Grand or fray any other party, has distributed to its partners all sums due to them follow- ing such collection, has discharged all of its liabilities and has filed all tax and other informational returns which are required under any applicable law; or (b) December 31, 2010. 4. Transactions - As promptly as possible after Lhe execution and delivery of this Partnership Agreement, the Partnership shall enter into the following transactions: 4.1 1~e Partnership shall purchase the Pur- chase Contract from Cassidy for one dollar and other good a:nd valuable consideration. The Partnership shall also pay Cassidy the sum of 540,090, such sum representing reimburse- J L..