Common use of Partnership Capital Clause in Contracts

Partnership Capital. The First Partner hereby agrees to transfer the following assets to the Partnership and they shall form the First Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: _____________________________________________________ (List Fertiliser) Other: _______________________________________________________ _______________________________________________________ (List Other) The Second Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) The Third Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) PART 11 PARTNERSHIP BALANCE SHEET AT COMMENCEMENT OF PARTNERSHIP First Partner Second Partner Third Partner € € € Partners’ Capital Accounts: Total Fixed Assets: Opening Capital Accounts Machinery/Equip (WDV) Capital Revaluation Reserve Machinery/Equip Revaluation

Partnership Capital. The First Partner hereby agrees to transfer the following assets to the Partnership and they shall form the First Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: _____________________________________________________ (List Fertiliser) Other: _______________________________________________________ _______________________________________________________ (List Other) The Second Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) The Third Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) PART 11 PARTNERSHIP BALANCE SHEET AT COMMENCEMENT OF PARTNERSHIP First Partner Second Partner Third Partner € € € Partners’ Capital Accounts: Total Fixed Assets: Opening Capital Accounts Machinery/Equip (WDV) Capital Revaluation Reserve Machinery/Equip RevaluationRevaluation Partners Current Accounts: Current Assets: First Partner Opening Balance (b/f) Livestock (bv) Share of Profits less: drawings Second Partner Bank Opening Balance (b/f) Share of Profits less: drawings Partners Loan Accounts: First Partner Opening Balance (b/f) New Loans Less: repayments Second Partner Opening Balance (b/f) New Loans Less: repayments Current Liabilities: Creditors

Partnership Capital. The First Partner hereby agrees to transfer the following assets to the Partnership and they shall form the First Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: _____________________________________________________ (List Fertiliser) Other: _______________________________________________________ _______________________________________________________ (List Other) The Second Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) The Third Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) PART 11 PARTNERSHIP BALANCE SHEET AT COMMENCEMENT OF PARTNERSHIP First Partner Second Partner Third Partner € € € Partners’ Partners Capital Accounts: Total Fixed Assets: Opening Capital Accounts Machinery/Equip (WDV) Capital Revaluation Reserve Machinery/Equip Revaluation

Partnership Capital. The First Partner hereby xxxxxx agrees to transfer the following assets to the Partnership and they shall form the First Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: _____________________________________________________ (List Fertiliser) Other: _______________________________________________________ _______________________________________________________ (List Other) The Second Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) The Third Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) PART 11 PARTNERSHIP BALANCE SHEET AT COMMENCEMENT OF PARTNERSHIP First Partner Second Partner Third Partner € € € Partners’ Partners Capital Accounts: Total Fixed Assets: Opening Capital Accounts Machinery/Equip (WDV) Capital Revaluation Reserve Machinery/Equip Revaluation

Partnership Capital. The First Partner hereby xxxxxx agrees to transfer the following assets to the Partnership and they shall form the First Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: _____________________________________________________ (List Fertiliser) Other: _______________________________________________________ _______________________________________________________ (List Other) The Second Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) The Third Partner hereby agrees to transfer the following assets to the Partnership and they shall form the Second Partner’s contributions to the Partnership capital. ASSET DETAILS (TYPE, NUMBER, QUANTITY ETC) Cash Contribution: _____________________________________________ (Specific Cash Contribution) Livestock: _________________________________ (List Livestock or as per Livestock Appendix) Machinery: _____________________________________________________ (List Machinery) Feed Stuff: _____________________________________________________ (List Feed Stuffs) Fertilizer: ____________________________________________________ (List Fertiliser) Other: _______________________________________________________ ______________________________________________________ (List Other) PART 11 PARTNERSHIP BALANCE SHEET AT COMMENCEMENT OF PARTNERSHIP First Partner Second Partner Third Partner € € € Partners’ Capital Accounts: Total Fixed Assets: Opening Capital Accounts Machinery/Equip (WDV) Capital Revaluation Reserve Machinery/Equip Revaluation