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units to qualify for, and prevent any recapture of, the Low <br /> Income Housing Credits, all pursuant to the provisions of this <br /> Agreement. <br /> 2.4. Principal Office; Agent For Service of Process. <br /> The address of the Partnership's principal executive office <br /> shall be 22941 Atherton Street, Suite D, Hayward, California <br /> 94541, or such other address in the San Francisco Bay Area as the <br /> General Partner may designate from time to time by a certificate <br /> of amendment filed in the office of the California Secretary of <br /> State. The Partnership's agent for service of process shall be <br /> Catherine A. Merschel, 22941 Atherton Street, Suite D, <br /> Hayward, California 94541. <br /> 2.5. Taxable Year; Accounting Method. <br /> The Partnership's taxable year shall be the calendar <br /> year, unless changed by the General Partner. The Partnership's <br /> books shall be maintained on an accrual basis in accordance with <br /> generally accepted accounting principles consistently applied. <br /> 2.6. Nature of Interests in Partnership. <br /> Each Partner's interest in the Partnership shall be <br /> personal property; no Partner shall have any interest in the <br /> Development. <br /> 2.7. Withdrawal of Initial Limited Partner. <br /> The General Partner shall cause the initial limited <br /> partner of the Partnership to withdraw from the Partnership and <br /> to provide a release in the form of Exhibit E upon execution of <br /> this Agreement by the Limited Partner. The initial limited <br /> -10- <br />