Partnership, interest in.

As my interests are almost wholly in the state of _________ and in the firm of _________, and as it is my desire that the partnership may not be in any way embarrassed or even inconvenienced by my death, and as my confidence in my partners is unlimited, it is my will and desire that my interest in the copartnership shall be absolutely fixed and determined as it may appear in the private ledger kept by my brother, _________, less a deduction of _________ percent from the balance so appearing to my credit in the ledger as of _________ next preceding my death, which balance should correspond with that appearing in a duplicate of the private ledger in the possession of myself and _________, which the private ledger is examined and approved by me in each year.

In the event that my firm shall become a corporation or corporations owning real estate or personal property, or both, or my surviving partners shall determine to convert the partnership assets into a stock corporation or corporations, my interest in the partnership fixed as hereinbefore directed, may be paid in shares of stock at the election of my partners, either wholly or in part, of such corporation or corporations, such shares of stock to be accepted by my executors and trustees at their par or face value for my interest in the firm assets and also by any of the legatees named herein at like value, in payment in whole or in part of their legacies and in lieu of cash.

Nothing herein contained referring to my partnership interest in real or personal or mixed property is intended or is to be deemed to be in conflict with the agreements bearing date respectively _________[date], and _________[date], or any subsequent agreement between me and my partners. Should there be any real or apparent conflict between the agreements and the terms of this my will, the articles of agreement or the terms of this my will shall prevail as my surviving partners may determine.