Family Limited Partnership - Asset Rptoection

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A GRE EM E NT A

OF L IM IT ED P ART NE RSHIP S AMP LE FLP, D E L AW ARE L IM IT E D P ART NE RSH IP

This Agreement of Limited Partnership is made and entered into as of MONTH DAY, YEAR by and among NAME OF GENERAL PARTNER the general partner (herein referred to as the “General Partner”) and the NAME OF LIMITED PARTNER OF TE N AN ASSET PROTECTION TRUST (herein referred to as the “Limited Partner”). Certain capitalized words used herein have the meanings set forth in Section 2 hereof. 1.

Organization

1.1 A DELAWARE LIMITED PARTNERSHIP. The parties hereby enter into a limited partnership (hereinafter referred to as the “Partnership”) under the provisions of the Act, and the rights and liabilities of the Partners shall be as provided in such Act except as may be modified in this Agreement. In the event of a conflict between the provisions of the Act and the provisions of this Agreement, the provisions of this Agreement shall prevail unless the Act specifically provides that the Partnership Agreement may not change the provision in question. 1.2 BUSINESS PURPOSE. The business of the Partnership is to own those assets described on Exhibit B attached hereto as may be amended from time to time as assets are sold, distributed or contributed or otherwise become or discontinue being assets of the Partnership and to deal in those assets in any manner and to engage in all activities incidental thereto. 1.3 NAME AND ADDRESS OF PARTNERSHIP. The business of the Partnership shall be conducted under the name “Sample FLP, a Delaware Limited Partnership,” at the following address: 123 Main Street City, State ZIP 1.4 TERM. The Partnership shall commence on the later to occur of the date a Certificate of Limited Partnership is filed with the Secretary of State of the State of Delaware pursuant to the Act or the execution hereof, and shall continue until sixty (60) years from the commencement date, unless sooner terminated in accordance with the provisions of this Agreement. 1.5 CERTIFICATE OF LIMITED PARTNERSHIP. On or before the execution of this Agreement, the General Partner shall record with the Delaware Secretary of State, a Certificate of Limited Partnership, prepared in accordance with the requirements of the Act. 1.6

PARTNERS. There shall be two classes of Partners as follows:


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