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EXHIBIT 3 <br />16.8. Each Partner has been fully advised of the facts respecting the formation of <br />the Partnership and has been given the opportunity to consult his attorney with respect to the <br />Partnership. Each Partner hereby agrees that the offer and sale of the interest to it does not involve <br />any public offering of such interest, and <br />16.9. The Limited Partner understands that there is no public market for the Units <br />and none is expected to develop and he must continue to bear the economic risk of this investment <br />for an indefinite period. <br />Initial LP Agreement - Santa Ana 9.1.159.1.15 <br />21 <br />3-132 <br />