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7.7. Investment Opportunities. <br /> The General Partner shall not be obligated to present any <br /> investment opportunity to the Partnership, even if the <br /> opportunity is of a character that could be taken by the <br /> Partnership if presented to it. The General Partner shall have <br /> the right to take for its own account, or to recommend to others, <br /> any investment opportunity presented to it. <br /> 7.8. General Partner or Affiliates Dealing With the <br /> Partnership. <br /> (a) The General Partner or any of its Affiliates shall <br /> have the right to contract or otherwise deal with the Partnership <br /> for the sale of goods or services to the Partnership in addition <br /> to those set forth in Section 7.5 if (i) compensation paid or <br /> promised for the goods and services is reasonable (i.e., at fair <br /> market value), is paid only for goods and services actually <br /> furnished to the Partnership, and does not exceed a total of <br /> Twenty Thousand Dollars ($20,000) for all such contracts in any <br /> one calendar year, (ii) the goods or services to be furnished <br /> are reasonable for and necessary to the Partnership, (iii) the <br /> fees, terms and conditions of the transactions are at least as <br /> favorable to the Partnership as would be obtainable in an <br /> arm's- length transaction, (iv) no agent or contractor who is <br /> also employed on a full -time basis by the General Partner or any <br /> Affiliate shall be compensated by the Partnership for its <br /> services, and (v) any necessary governmental consent is obtained. <br /> Any contract covering that type of transaction shall be in <br /> writing and shall contain a clause allowing termination by the <br /> -35- <br />