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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
therefor;
(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