Article 39 - Permitted activities for Limited Partners

(1) Each of the following is a permitted activity:
(A) taking part in a decision about the variation of the Partnership Agreement;
(B) subject to Article 43(4) and (5), taking part in a decision about whether to approve, or veto, a class of investment by the Limited Partnership;
(C) taking part in a decision about whether the general nature of the PartnershipBusiness should change;
(D) subject to Article 43(4) and (5), taking part in a decision about whether to dispose of the PartnershipBusiness or to acquire another Business;
(E) taking part in a decision about whether a person should become or cease to be a Partner;
(F) taking part in a decision about whether the Partnership should end;
(G) taking part in a decision about how the Partnership should be wound up;
(H) enforcing his rights under the Partnership Agreement (unless those rights are to carry out management functions);
(I) approving the accounts of the Limited Partnership;
(J) being engaged under a contract by the Limited Partnership or by a General Partner in the Limited Partnership (unless the contract is to carry out management functions);
(K) acting in his capacity as a director or employee of, or a shareholder in, a corporate General Partner;
(L) taking part in a decision which involves an actual or potential conflict of interest between a Limited Partner (or Limited Partners) and a General Partner (or General Partners);
(M) discussing the prospects of the PartnershipBusiness;
(N) consulting or advising a General Partner, or the General Partners, about the activities of the Limited Partnership or about its accounts (including doing so as a member of an advisory committee of the Limited Partnership);
(2) Without prejudice to Article 39(1)(E) above a Limited Partner has no right to dissolve a Limited Partnership by notice.
(3) Without prejudice to Article 39(1 )(F) above, only a General Partner, or the General Partners, may decide that the Limited Partnership will not break up upon the death or (if not an individual) dissolution of a Partner.