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contributions of the partners up to the amounts which equal
the partners' cumulative cash capital contributions; and
(v) 25 percent to EPIC and 75 percent to the limited
partners.
The 84 partnership agreement states that EA 84-III
shall compensate EPIC as follows:
Compensation of the General Partner and Affiliates
* * * * * * *
(a) At the time of subscription, the General
Partner shall receive seven percent (7%) of each
Class A, Class B, Class C, Class D, Class E and
any Additional Class or Classes Limited Partner's
full contribution to the Partnership as a
Partnership organization fee, as defined in the
Confidential Private Offering Memorandum for the
Partnership, or a maximum total payment of
eighty-five thousand nine and 32/100 dollars
($85,009.32) for nonrecurring services which may
be incurred before or after formation of the
Partnership, including the furnishing of legal,
financial, accounting and operational assistance,
reviewing rental schedules and expense forecasts
and providing other services which do not give
rise to the acquisition or leasing of specific
properties or the obtaining of financing
therefor.
(b) At the time of subscription to Future Class
Units authorized pursuant to section 8(k), the
General Partner, in its sole discretion, shall
receive up to seven percent (7%) of the proceeds
of the full contribution of each holder of a
Future Class Unit for nonrecurring services which
may be performed before or after authorization
and sale of such Future Class Units, which may
include furnishing legal, financial, accounting
and operational assistance, reviewing and analyz-
ing the Partnership's condition and determining
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