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When the Partnership requires additional capital, each Partner will have the opportunity to make an Additional Capital Contribution in proportion to that Partner’s share of the total Capital Contributions to the Partnership. No Partner will be required to make an Additional Capital Contribution. The capital contribution of a Partner comprises that Partner’s Initial Capital Contribution and any additional capital contribution (the “Additional Capital Contribution”) made by that Partner to the Partnership at a later date (together the “Capital Contribution”).All Partners must contribute their respective Initial Capital Contributions fully by August 5, 2023.Each of the Partners has contributed or will contribute to the capital of the Partnership, in cash or property or in non-monetary contributions in agreed upon value, as follows (the “Initial Capital Contribution"):.The principal office of the business of the Partnership will be located at _ or such other place as the Partners may from time to time designate.The Partnership will begin on August 5th, 2023 and will continue until terminated as provided in this Agreement.The purpose of the Partnership will be: _.The firm name of the Partnership will be: _.The rights and obligations of the Partners will be as stated in the applicable legislation of the State of Alabama (the 'Act') except as otherwise provided in this Agreement. By this Agreement the Partners enter into a general partnership (the "Partnership") in accordance with the laws of the State of Alabama.IN CONSIDERATION OF and as a condition of the Partners entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the parties to this Agreement agree as follows: This Agreement sets out the terms and conditions that govern the Partners within the Partnership.The Partners wish to associate themselves as partners in business._ of _, and _ of _ (individually the "Partner" and collectively the "Partners"). THIS PARTNERSHIP AGREEMENT (the "Agreement") made and entered into this _ day of _, _ (the "Execution Date"), BETWEEN:
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