Common use of Appointment of Managing General Partner Clause in Contracts

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint of the of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx X. Xxxxxx’x death, then the duly appointed fiduciary of his estate in his fiduciary capacity only, will serve as the Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner. In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect. Amendment No.1 to Agreement of Limited Partnership Teebank Family Limited Partnership In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original. Date: 1/1 , 2007 Xxxx X. Xxxxxx Trust, General Partner By: /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, Trustee /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, General Partner

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint of the one of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx X. Xxxxxx’x death, then the duly appointed fiduciary of his estate estate, in his fiduciary capacity only, will serve as the Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner. In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect. Amendment No.1 to Agreement of Limited Partnership Teebank Family Limited Partnership In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original. Date: 1/1 1/1, 2007 Xxxx X. Xxxxxx Trust, General Partner By: /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, Trustee /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, General PartnerPartner /s/ Xxxxxxx X. Xxxxxx /s/ Xxxx X. Xxxxxx Xxxxxxx Xxxxxx Xxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxxx /s/ Xxxxx Xxxxxx Xxxxxx X. Xxxxxx, Trustee of the Xxxxx Xxxxxx Xxxxxx X. Xxxxxx Revocable Trust u/a dated April 3, 1995 REPUBLIC BANK & TRUST COMPANY, Trustee of the Xxxxxxx Xxxxxx Irrevocable Trust u/a dated January 13, 2004 By: /s/ Xxxxx Xxxx Title: Trust Officer /s/ Xxxxxxx X. Xxxxxx /s/ Xxxxx X. Xxxxx Xxxxxxx X. Xxxxxx, Xxxxx X. Xxxxx, Trustee of the Trustee of the Xxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust dated January 2, 1992, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated June 1, 1992, Limited Partner Xxxxx X. Xxxxx Trust dated July 3, 1992 Section 14.1 of the Amended and Restated Agreement of Limited Partnership for Teebank Family Limited Partnership, effective January 1, 2006 (the “Partnership Agreement”) provides that the Partnership may be amended from time to time upon the written consent of all the General Partners and Limited Partners. It is now deemed advisable to amend the Partnership Agreement as set forth herein, effective as of January 1, 2012. 1. Paragraph 7.5 is amended to read as follows:

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint of the of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx X. Xxxxxx’x death, then the duly appointed fiduciary of his estate in his fiduciary capacity only, will serve as the Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner. In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect. Amendment No.1 No. 1 to Agreement of Limited Partnership Teebank Family Limited Partnership In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original. Date: 1/1 , 2007 Xxxx X. Xxxxxx Trust, General Partner By: /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, Trustee /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, General Partner

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint of the one of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx X. Xxxxxx’x death, then the duly appointed fiduciary of his estate estate, in his fiduciary capacity only, will serve as the Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner. In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect. Amendment No.1 to Agreement of Limited Partnership Teebank Family Limited Partnership In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original. Date: 1/1 1/1, 2007 Xxxx X. S ,Xxxxxx Trust, General Partner By: /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, Trustee /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, General PartnerPartner /s/ Xxxxxxx Xxxxxx /s/ Xxxx X. Xxxxxx Xxxxxxx Xxxxxx Xxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxxx /s/ Xxxxx Xxxxxx Xxxxxx X. Xxxxxx, Trustee of the Xxxxx Xxxxxx Xxxxxx X. Xxxxxx Revocable Trust u/a dated April 3, 1995 REPUBLIC BANK & TRUST COMPANY, Trustee of the Xxxxxxx Xxxxxx Irrevocable Trust u/a dated January 13, 2004 By: /s/ Xxxxx Xxxx Title: Trust Officer /s/ Xxxxxxx X. Xxxxxx /s/ Xxxxx X. Xxxxx Xxxxxxx X. Xxxxxx, Xxxxx X. Xxxxx, Trustee of Trustee of the Xxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust dated January 2, 1992, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated June 1, 1992, Limited Partner the Xxxxx X. Xxxxx Trust dated July 3, 1992 Section 14.1 of the Amended and Restated Agreement of Limited Partnership for Jaytee Properties Limited Partnership, effective January 1, 2006 (the “Partnership Agreement”) provides that the Partnership may be amended from time to time upon the written consent of all the General Partners and Limited Partners. It is now deemed advisable to amend the Partnership Agreement as set forth herein, effective as of January 1, 2012. 1. Paragraph 7.5 is amended to read as follows:

Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint of the one of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx Sxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx Sxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx Sxxxxx X. Xxxxxx’x Xxxxxx'x death, then the duly appointed fiduciary of his estate estate, in his fiduciary capacity only, will serve as the Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner. In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect. Amendment No.1 to Agreement of Limited Partnership Teebank Family Limited Partnership In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original. Date: 1/1 [ILLEGIBLE], 2007 Xxxx Jxxx X. Xxxxxx Trust, General Partner By: /s/ Sxxxxx E, Txxxxx Xxxxxx X. Xxxxxx Xxxxxx X. E. Xxxxxx, Trustee /s/ Xxxxxx Sxxxxx X. Xxxxxx Xxxxxx Sxxxxx X. Xxxxxx, General PartnerPartner Bxxxxxx Xxxxxx [ILLEGIBLE]