Epic Associates 84-III, William C. Griffith, Jr. - Page 9

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             fee equal to 2.5 percent of the price for  which any                     
             partnership properties are sold; (iv) to the partners                    
             in the ratio that each partner's total cash capital                      
             contributions bear to the cumulative cash capital                        
             contributions of all partners until such amounts equal                   
             the partners' cumulative cash capital contributions; and                 
             (v) 25 percent of any remaining amount to EPIC and 75                    
             percent to the limited partners holding class A and class                
             B units.                                                                 
                  The partnership agreement specifies that EA 83-XII                  
             shall pay the following compensation to EPIC:                            

                  Compensations of the General Partner                                
                            *    *    *    *    *    *    *                           
                  (a)  At the time of subscription, a Partnership                     
                  Organization Fee, as detailed in the Confidential                   
                  Private Offering Memorandum for the Partnership,                    
                  being 4% of Limited Partners capital contribution                   
                  upon admission to the Partnership or a maximum                      
                  total payment of $41,900 for non-recurring                          
                  services which may be incurred before or after                      
                  formation of the Partnership, to include                            
                  furnishing legal, financial, accounting and                         
                  operational assistance review of rental schedules                   
                  and expense forecasts and other services which do                   
                  not give rise to the acquisition of specific                        
                  properties or the obtaining of financing                            
                  (b)  During each full or partial month of the                       
                  Partnership, the General Partner shall be paid                      
                  an administration fee equal to Fifty and 00/100                     
                  ($50.00) for each Partnership property;                             

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Last modified: May 25, 2011