THE FOLLOWING IS A BRIEF OF THE LIMITED PARTNERSHIP AGREEMENT THAT
IS BEING OFFERED BY PIONEER TROUBADOURS PRODUCTIONS, LLC, and to be
considered as the GENERAL PARTNERS.
THE PIONEER TROUBADOURS PROJECT includes the Pioneer Troubadour DVD,
TV/Internet Series and Website at PioneerTroubadours.com
The principal place of business is 811 Spring St., # 140,
Paso Robles, CA 93446. Phone
number is 323-850-8919. The Pioneer Troubadour Limited Partnership (PTLP) is
registered in California.
PTP,LLC is offering for sale Twenty (20) limited partnership interest, with each worth $25,000.
If so designated by the General Partners some of the limited partnership interest can be
broken down into smaller units.
During the remainder of the year PTP,LLC is offering 2 interest units for each dollar
invested. ie. A $25k investment will gain you 50,000 limited partnership interest units.
Each limited partner shall receive cash distribution from net profits equal to his respective
capital contribution before any net profit is distributed to the General Partners.
After each Limited Partner has recouped 100% of his respective capital contribution, the net
profits shall be divided 50% to the General Partner, and 50% to Limited Partners according
to their respective capital contributions.
General Partners shall keep and maintain complete and adequate records. General Partners
shall have full, exclusive, and complete discretion in the management and control of all affairs
of the Partnership. Limited Partners shall not take part in the management of the business or
transact any business for the Partnership. Cash assets of Partnership, in the opinion of the
General Partnership, are in excess of those required to meet the anticipated needs of the
Partnership, the excess shall be distributed according to the units of each partner. Business
records may be examined by any partner at any time.
It is agreed that the Pioneer Troubadours Limited Partnership General Partners reserve all
producer and director rights, further agreed that PTP,LLC and Mr. Standley shall have full
creative rights and exclusive and complete discretion in all dealing with artists, and/or their
agent and managers, film, distribution and other entities. It is further agreed that Benford
Standley and his legal council shall negotiate all contracts concerning all areas related to the
The General Partners do not have to wait until the total monies to be raised is secured, and
can begin producing the project when money is initially invested.
DISCLOSURE OF RISK
This information contains statements relating to future results of the company (including
certain projections and business trends) that are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from
those projected as a result of certain risks and uncertainties, including but not limited to,
changes in political and economic conditions, demand for and market acceptance of new
and existing products, as well as other risks and uncertainties detailed from time to time in
the filings of the Company with the Securities and Exchange Commission.
This is an addendum to the full Agreement of Limited Partnership of the PIONEER
PIONEER TROUBADOURS PRODUCTIONS, LLC
811 Spring St., Suite 140
Paso Robles, CA 93446