Death of general partner. In the event of the death of any general partner during the time fixed for the continuance of this partnership, this partnership shall not be dissolved, but shall be continued by the survivors. The interest of the deceased general partner shall terminate as of the first day of the calendar month succeeding death, and the value of the interest of the deceased partner in the partnership shall be determined as of that date, and the interest, as so determined, shall be liquidated and the amount paid or disposed of as is provided in paragraph _________. In the event of the death of either of the parties of the _________, _________ and _________ parts, the fact of death shall be deemed to be an offer by the decedent and his or her personal representative to the survivors of the parties of the _________, _________ and _________ parts to sell the interest of the decedent in the copartnership in equal proportions. The survivors of the parties of the _________, _________ and _________ parts shall have _________ days from the date of the appointment of a personal representative within which to determine whether or not they will accept the offer. The purchase price shall be the book value of the interest of the decedent determined as set forth in this agreement. In the event that the survivors of the parties of the _________, _________ and _________ parts do not desire to purchase the interest of the deceased party, then the interest shall be deemed to be offered to the parties of the _________ and _________ parts. The purchase price shall be the book value of the interest of the decedent determined as set forth in this agreement, and in the event that the _________ and _________ parties elect not to purchase or acquire the interest of the deceased party, then this interest shall be liquidated by the copartnership, and the interest of the deceased party retired, and the surviving partners shall continue the copartnership for the remainder of the unexpired term of this agreement. The book value, for the purpose of this agreement, shall be the proportionate share of the decedent in the net worth of the copartnership as of the end of the month following the death of the decedent, prepared in accordance with the general accounting practice of the company, and without any valuation or allowance for goodwill, trademarks, trade names, or other intangible assets, all of which are specifically excluded in the determination of the net worth. The purchase price to be paid for the interest of the deceased partners, as provided, shall be paid to the personal representative of the deceased party by the purchasers within _________ days after the acceptance of the offer, provided, however, that if the interest of the decedent is liquidated by the copartnership payment of the purchase price or liquidation value shall be made in _________ equal monthly instalments. In the event that the interest of any decedent is liquidated by payment of the share out of partnership assets, then the shares of profits and losses of the remaining partners shall be readjusted in proportion to their remaining proportions of profits and losses.