PURPOSE, NATURE OF BUSINESS AND POWERS 3.1 The pnncipal purpose of the Partnership shall be to acquire, hold for investment and dispose of, securities and other business interests of any and all types and descriptions, whether listed on securities exchanges or not so listed, publicly or privately held, freely transferable or subject to restrictions on transfer, or domestic or foreign, including without limitation common and preferred stock, debentures, bonds, promissory notes, evidences of indebtedness, warrants, options and subscription rights of, and other participating interests in, corporations, partnerships, joint ventures, trusts, proprietorships, other business entities and governments and governmental agencies, and puts, calls, options and other rights or obligations to purchase, sell or subscribe for any of the foregoing and, pending investment in any of the foregoing, short-term investments (collectively, Permitted Investments). 3.2 The Partnership shall have the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or for the furtherance of the purposes and business described herein for the protection and benefit of the Partnership, and shall have, without limitation, any and all of the powers that may be exercised on behalf of the Partnership by the General Partner pursuant to Section 9. 3.3 Notwithstanding any other provision of this Agreement, the Partnership, and the General Partner on behalf of the Partnership, may execute, deliver and perform the Subscription Agreements, any side letter and any documents contemplated thereby or related thereto and any amendments thereto, without any further act, vote or approval of any Person, including any Partner. SECTION 4. TERM The term of the Partnership commenced on the date the Certificate was filed in the Office of the Secretary of State and shall continue in full force and effect until_______________________ unless, if determined by the General 61