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V-3857-J 9/4/Sn <br />$~-= OQ4997 <br />ment to be executed by the Partnership, when signed for and <br />-on behalf of the Partnership by MGZ and Cassidy, may be <br />relied upon by all persons without further inquiry as the <br />authorized act of the Partnership. <br />8.2 The partners agree to devote to the <br />Partnership such of their tine and to render such services <br />as m»y be required for the efficient conduct of the business <br />of the Partnership. No compensation shall be paid to any <br />partner for such time or the rendition of such services, but <br />each partner shall be entitled to charge the Partnership for <br />his or its reasonable expenses in connection with the Part- <br />nership's business. Each partner may engage in other busi- <br />nesses, investments or professions, including the ownership <br />of rea3 estate, and no other partner shall have any rights <br />in such businesses, professions or investments. <br />8.3 The Partnership shall keep accurate books <br />of account on the basis of an accounting period consisting of <br />the calendar year, pursuant to the cash method of accounting. <br />The partners shall cause to be prepared in each year an annual <br />financial statement o€ the Partnership and an annual statement <br />indicating the share of each partner of the net income, net <br />loss, and other relevant items of the Partnership for such <br />calendar year for federal income tax purposes. At the request <br />of either partner. the Partnership's annual financial state- <br />ment shall be certified by the firm of certified public <br />accountants then retained by the Partnership. <br />9. Transfer of Partnership Interests - Except <br />as hereinafter provided in this paragzaph 9, no partner <br />S <br /> <br /> <br />